<SEC-DOCUMENT>0000910195-01-500049.txt : 20011018
<SEC-HEADER>0000910195-01-500049.hdr.sgml : 20011018
ACCESSION NUMBER:		0000910195-01-500049
CONFORMED SUBMISSION TYPE:	10-K405
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20010430
FILED AS OF DATE:		20010730

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MILLER INDUSTRIES INC /TN/
		CENTRAL INDEX KEY:			0000924822
		STANDARD INDUSTRIAL CLASSIFICATION:	TRUCK & BUS BODIES [3713]
		IRS NUMBER:				621566286
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		10-K405
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14124
		FILM NUMBER:		1693067

	BUSINESS ADDRESS:	
		STREET 1:		8503 HILLTOP DR
		STREET 2:		STE 100
		CITY:			OOLTEWAH
		STATE:			TN
		ZIP:			37363
		BUSINESS PHONE:		4232384171

	MAIL ADDRESS:	
		STREET 1:		900 CIRCLE 75 PARKWAY
		STREET 2:		SUITE 1250
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30339
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K405
<SEQUENCE>1
<FILENAME>miller10k.htm
<DESCRIPTION>MILLER INDUSTRIES, INC. ANNUAL REPORT ON FORM 10-K
<TEXT>
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<title>Miller Industries, Inc. Annual Report on Form 10-K</title>
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<body>

<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">SECURITIES AND EXCHANGE
COMMISSION<br>
</font><font SIZE="3"><font face="Times New Roman" size="3">Washington, D.C.
20549</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">FORM 10-K</font></p>
</font></b><font SIZE="3">
<p ALIGN="CENTER">&nbsp;</p>
</font><b>
<p align="center"><font face="Times New Roman" size="3">/x/ ANNUAL REPORT
PURSUANT TO SECTION 13 OR 15(d) OF<br>
THE SECURITIES EXCHANGE ACT OF 1934.</font></p>
</b><font SIZE="3">
<p ALIGN="center"><font face="Times New Roman" size="3">For the fiscal year
ended April 30, 2001</font></p>
<p ALIGN="center"><font face="Times New Roman" size="3">Commission File No.
0-24298</font></p>
</font><b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">MILLER INDUSTRIES, INC.<br>
</font></b><i><font SIZE="3"><font face="Times New Roman" size="3">(Exact name
of Registrant as specified in its charter)</font></p>
</font></i><font SIZE="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="center"><font face="Times New Roman" size="3">Tennessee
<hr width="45%" color="#000000">
</font>
</b>
<font face="Times New Roman" size="3">
<center><i>(State or other
jurisdiction of incorporation or organization)</center></i>
<b>
<p ALIGN="center">62-1566286
<hr width="25%" color="#000000">
</b>
<i>
<center>(I.R.S. Employer
Identification No.)</center>
</i>
<b>
<p ALIGN="center">8503 Hilltop Drive,
Ooltewah, Tennessee 37363<u><hr width="40%" color="#000000">
</u>
</b>
<i>
<center>(Address of principal
executive offices) (Zip Code)</center>
</i>

<p ALIGN="CENTER"><font face="Times New Roman" size="3">Registrant&#146;s telephone
number, including area code: (423) 238-4171</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Securities registered
pursuant to Section 12(b) of the Act: <u>Common Stock, Par Value $0.01 Per Share</u>.</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Name of each exchange
on which registered: <u>New York Stock Exchange</u>.</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Securities registered
pursuant to Section 12(g) of the Act: <u>None</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Indicate by check mark
whether the Registrant (1) has filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the Registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days. Yes <u>&nbsp;&nbsp;X&nbsp;&nbsp;</u> No <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Indicate by check mark
if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not
contained herein and will not be contained, to the best of Registrant&#146;s
knowledge, in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this Form 10K. [X]</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The aggregate market
value of the voting stock held by nonaffiliates of the Registrant as of July 23,
2001 was $35,639,369 based on the closing sale price of the Common Stock as
reported by the New York Stock Exchange on such date. See Item 12.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">At July 23, 2001 there
were 46,708,767 shares of Common Stock, par value $0.01 per share, outstanding.</font></p>
<b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">DOCUMENTS INCORPORATED
BY REFERENCE</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Portions of the
Registrant&#146;s definitive Proxy Statement for the 2001 Annual Meeting of
Shareholders are incorporated by reference into Part III.</font></p>
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3"><img SRC="logo.gif" WIDTH="198" HEIGHT="40"></font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">TABLE OF CONTENTS<br>
FORM 10-K ANNUAL REPORT</font></p>
</b>
<p ALIGN="LEFT">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">PART I</font></p>
</b>
</font>
  <center>
  <table border="0" width="685">
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item1"><font face="Times New Roman" size="3"><b>ITEM 1</b>.</font></a></font></p>
      </td>

<td width="37">
<p ALIGN="LEFT"></p>
</td>
      </tr>

    <tr>
      <td width="634" bgcolor="#CCEEFF">
          <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">BUSINESS</font></p>
      </td>
  </center>
<td width="37" bgcolor="#CCEEFF" align="right"><p ALIGN="right">1</p>
</td>
      </tr>
  <center>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item2"><font face="Times New Roman" size="3"><b>ITEM
2.</b></font></a></font></p>
      </td>

<td width="37" align="right">
<p ALIGN="LEFT"></p>
</td>
      </tr>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">PROPERTIES</font></p>
      </td>
  </center>
<td width="37" bgcolor="#CCEEFF" align="right">
<p ALIGN="right">15</p>
</td>
      </tr>
  <center>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item3"><font face="Times New Roman" size="3"><b>ITEM
3.</b></font></a></font></p>
      </td>

<td width="37" align="right">
<p ALIGN="LEFT"></p>
</td>
      </tr>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">LEGAL PROCEEDINGS</font></p>
      </td>
  </center>
<td width="37" bgcolor="#CCEEFF" align="right">
<p ALIGN="right">15</p>
</td>
      </tr>
  <center>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item4"><font face="Times New Roman" size="3"><b>ITEM
4.</b></font></a></font></p>
      </td>

<td width="37" align="right">
<p ALIGN="LEFT"></p>
</td>
      </tr>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">SUBMISSION OF MATTERS TO A
VOTE OF SECURITY HOLDERS</font></p>
      </td>
  </center>
<td width="37" bgcolor="#CCEEFF" align="right">
<p ALIGN="right">15</p>
</td>
      </tr>
  <center>
    <tr>
      <td colspan="2" width="677">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3"><b>PART II</b></font></p>
  </center>
        <font SIZE="3">
<p ALIGN="right">&nbsp;</p>
</font></td>
  <center>

      </tr>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item5"><font face="Times New Roman" size="3"><b>ITEM
5.</b></font></a></font></p>
      </td>
<td width="37">
<p ALIGN="LEFT"></p>
</td>
      </tr>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">MARKET FOR THE REGISTRANT&#146;S
COMMON EQUITY AND<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RELATED STOCKHOLDER
MATTERS</font></p>
      </td>
  </center>
<td width="37" bgcolor="#CCEEFF" valign="bottom">
<p ALIGN="right" style="text-indent: 0">16</p>
</td>
      </tr>
  <center>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item6"><font face="Times New Roman" size="3"><b>ITEM
6.</b></font></a></font></p>
      </td>

<td width="37">
<p ALIGN="LEFT"></p>
</td>
      </tr>

    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">SELECTED FINANCIAL DATA</font></p>
      </td>
  </center>
<td width="37" bgcolor="#CCEEFF">
<p ALIGN="right">16</p>
</td>
      </tr>
  <center>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item7"><font face="Times New Roman" size="3"><b>ITEM
7.</b></font></a></font></p>
      </td>
<b>
<td width="37">
<p ALIGN="LEFT"></p>
</td>
      </tr>
    </b>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">MANAGEMENT&#146;S DISCUSSION
AND ANALYSIS OF FINANCIAL<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CONDITION AND RESULTS OF
OPERATIONS
</font></p>
      </td>
  </center>
<td width="37" bgcolor="#CCEEFF" valign="bottom">
<p ALIGN="right">18</p>
</td>
      </tr>
  <center>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item8"><font face="Times New Roman" size="3"><b>ITEM
8.</b></font></a></font></p>
      </td>
<b>
<td width="37">
<p ALIGN="LEFT"></p>
</td>
      </tr>
    </b>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">FINANCIAL STATEMENTS AND
SUPPLEMENTARY DATA</font></p>
      </td>
  </center>
<td width="37" bgcolor="#CCEEFF">
<p ALIGN="right">24</p>
</td>
      </tr>
  <center>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item9"><font face="Times New Roman" size="3"><b>ITEM
9.</b></font></a></font></p>
      </td>
<b>
<td width="37">
<p ALIGN="LEFT"></p>
</td>
      </tr>
    </b>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">CHANGES IN AND
DISAGREEMENTS WITH ACCOUNTANTS ON<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACCOUNTING AND FINANCIAL
DISCLOSURE</font></p>
      </td>
  </center>
<td width="37" bgcolor="#CCEEFF">
<p ALIGN="right">24</p>
</td>
      </tr>
  <center>
    <tr>
      <td colspan="2" width="677">
<p ALIGN="CENTER"><b><br>
PART III<br>
</b></p>
      </td>
      </tr>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item10"><font face="Times New Roman" size="3"><b>ITEM
10.</b></font></a></font></p>
      </td>
<td width="37">
<p ALIGN="LEFT"></p>
</td>
      </tr>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">DIRECTORS AND EXECUTIVE
OFFICERS OF THE REGISTRANT</font></p>
      </td>
  </center>
<td width="37" bgcolor="#CCEEFF">
<p ALIGN="right">24</p>
</td>
      </tr>
  <center>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item11"><font face="Times New Roman" size="3"><b>ITEM
11.</b></font></a></font></p>
      </td>
<td width="37">
<p ALIGN="LEFT"></p>
</td>
      </tr>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">EXECUTIVE COMPENSATION</font></p>
      </td>
  </center>
<td width="37" bgcolor="#CCEEFF">
<p ALIGN="right">24</p>
</td>
      </tr>
</TABLE>
  <center>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>i</p>
<hr color="#000080">
<p>&nbsp;</p>
 <table border="0" width="685" cellpadding="5">

    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item12"><font face="Times New Roman" size="3"><b>ITEM
12.</b></font></a></font></p>
      </td>

<td width="37">
<p ALIGN="LEFT"></p>
</td>
      </tr>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">SECURITY OWNERSHIP OF
CERTAIN BENEFICIAL OWNERS<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AND MANAGEMENT</font></p>
      </td>

<td width="37" bgcolor="#CCEEFF">
<p ALIGN="right">24</p>
</td>

      </tr>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item13"><font face="Times New Roman" size="3"><b>ITEM
13.</b></font></a></p>
      </td>
<td width="37">
<p ALIGN="LEFT">&nbsp;</p>
</td>
      </tr>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">CERTAIN RELATIONSHIPS AND
RELATED TRANSACTIONS</font></p>
      </td>
<td width="37" bgcolor="#CCEEFF">
<p ALIGN="right">25</p>
</td>
      </tr>
    <tr>
      <td colspan="2" width="677">
<p ALIGN="CENTER"><font face="Times New Roman" size="3"><br>
<b>PART IV<br>
</b></font></p>
      </td>

      </tr>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#item14"><font face="Times New Roman" size="3"><b>ITEM
14.</b></font></a></font></p>
      </td>

<td width="37">
<p ALIGN="RIGHT"></p>
</td>
      </tr>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="3">EXHIBITS, FINANCIAL
STATEMENT SCHEDULES AND REPORTS<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ON FORM 8-K</font></p>
      </td>
<td width="37" bgcolor="#CCEEFF" valign="bottom" align="right">
<font SIZE="3">
<p ALIGN="right">26</p>
</font>
      </tr>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#financials"><font face="Times New Roman" size="3"><b>FINANCIAL
STATEMENTS</b></font></a></font></p>
      </td>
  </center>
<td width="37">
<p ALIGN="right">26</p>
</td>
      </tr>
  <center>
    <tr>
      <td width="634" bgcolor="#CCEEFF">
<p ALIGN="LEFT" style="text-indent: 0"><font SIZE="3">
<a HREF="#signatures"><font face="Times New Roman" size="3"><b>FINANCIAL
STATEMENT SCHEDULE</b></font></a></font></p>
      </td>
<font SIZE="3">
<td bgcolor="#CCEEFF">
<p ALIGN="right">S-1</p>
</font>
      </tr>
    <tr>
      <td width="634">
<p ALIGN="LEFT"><font SIZE="3">
<a HREF="#signatures"><font face="Times New Roman" size="3"><b>SIGNATURES</b></font></a></p>
</font>
      </td>

<td width="37">
<p ALIGN="LEFT">&nbsp;</p>
</td>
      </tr>
    </table>
  </center>
  <font SIZE="3">
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>



<p ALIGN="center">ii</p>

<hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">PART I</font></p>
</b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="LEFT"><a NAME="item1"><font face="Times New Roman" size="3"><b>ITEM 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BUSINESS</b></font></p>
<p ALIGN="JUSTIFY"></a></p>
<b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">GENERAL</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Miller Industries, Inc.
(the &quot;Company&quot;) is the world&#146;s leading integrated provider of
vehicle towing and recovery equipment and services, with executive offices in
Ooltewah, Tennessee and Atlanta, Georgia and manufacturing operations in
Tennessee, Pennsylvania, France and England. The Company&#146;s business is divided
into two segments: (i) towing and recovery equipment and (ii) towing services.
The Company markets its towing and recovery equipment under several
well-recognized brand names and markets its towing services under the national
brand name RoadOne<sup>&reg;</sup>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Since 1990 the Company
has developed or acquired several of the most well-recognized brands in the
fragmented towing and recovery equipment manufacturing industry. The Company&#146;s
strategy has been to diversify its line of products and increase its market
share in the industry through a combination of internal growth and development
and acquisitions of complementary businesses.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">As a natural extension
of its leading market position and strong brand name recognition in
manufacturing, the Company has broadened its strategy to include vertical
integration, with the goal of achieving operating efficiencies while becoming a
leading worldwide manufacturer, distributor and financial services provider in
the towing and recovery equipment industry. The Company&#146;s owned and
independent distributors form a North American distribution network for towing
and recovery equipment as well as other specialty truck equipment and
components.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">In February 1997, the
Company formed its towing services division, RoadOne. RoadOne offers a broad
range of towing and transportation services, including towing, impounding and
storing motor vehicles, conducting lien sales and auctions of abandoned
vehicles, and transporting new and used vehicles and heavy construction
equipment. The Company&#146;s strategy in towing services is to establish a
national towing service network through owned companies in combination with an
extensive group of affiliates. At July 23, 2001, the Company was operating over
150 facilities serving 42 markets in 23 states, and had relationships with over
2,600 RoadOne affiliates.</font></p>
<b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">INCLUSION OF
FORWARD-LOOKING STATEMENTS</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Certain statements in
this Annual Report, including but not limited to &quot;Management&#146;s Discussion
and Analysis of Financial Condition and Results of Operations&quot; may be
deemed to be forward-looking statements, as defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are made based on
management&#146;s belief as well as assumptions made by, and information currently
available to, management pursuant to &quot;safe harbor&quot; provisions of the
Private Securities Litigation Reform Act of 1995. The Company&#146;s actual results
may differ materially from the results anticipated in these forward-looking
statements due to, among other things, factors set forth below under the heading
&quot;Risk Factors,&quot; and in particular, the risks associated with
acquisitions, including, without limitation, the costs and difficulties related
to the integration of the acquired businesses. The Company cautions that such
factors are not exclusive. The Company does not undertake to update any
forward-looking statement that may be made from time to time by, or on behalf
of, the Company.</font></p>
<font face="Times New Roman" size="3">
<p ALIGN="center">1</p>
<b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="3">Risk Factors</font></p>
</b>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Risks Associated with
Substantial Indebtedness</font></i><font face="Times New Roman">. After giving
effect to the refinancing of the Company&#146;s bank credit facilities in July
2001, the Company's long-term debt (net of current portion) totaled
approximately $99.1 million. As a consequence of its level of indebtedness a
substantial portion of the Company's cash flow from operations must be dedicated
to debt service requirements. The terms of the Company's outstanding
indebtedness govern the ability of the Company and its subsidiaries to, among
other things, incur additional indebtedness, pay dividends or make certain other
restricted payments or investments in certain situations, consummate certain
asset sales, enter into certain transactions with affiliates, incur liens, or
merge or consolidate with any other person or sell, assign, transfer, lease,
convey or otherwise dispose of all or substantially all of their assets. They
also require the Company to meet certain financial tests and comply with certain
other reporting, affirmative and negative covenants. The Company&#146;s bank
facilities are secured by liens on all of the Company&#146;s assets. The liens give
the lenders the right to foreclose on the assets of the Company under certain
defined events of default and such foreclosure could allow the lenders to gain
control of the business of the Company.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Risks Associated
With Acquisitions; Difficulties In Integrating Operations And Achieving Cost
Savings.</i> From 1996 to 1999, the Company pursued an aggressive acquisition
strategy that involved the acquisition over 120 additional companies. As a
result, the Company&#146;s success is dependent, in part, upon its ability to
successfully integrate and manage such acquired businesses. Acquisitions involve
special risks, including risks associated with unanticipated problems,
liabilities and contingencies, diversion of management attention and possible
adverse effects on earnings resulting from increased goodwill amortization,
increased interest costs, the issuance of additional securities and difficulties
related to the integration of the acquired business. To a certain extent, the
Company has experienced each of these special risks in connection with some of
its acquisitions. There can be no assurance that any acquisitions will not have
an adverse effect upon the Company&#146;s operating results, particularly during
periods in which the operations of acquired businesses are being integrated into
the Company&#146;s operations.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The success of any
business combination is in part dependent on management&#146;s ability following
the transaction to integrate operations, systems and procedures and thereby
obtain business efficiencies, economies of scale and related cost savings. The
challenges posed to the Company&#146;s management are particularly significant
because integrating the acquired companies must be addressed contemporaneously.
The Company has incurred significant expenses in connection with its towing
services acquisitions, and has had difficulty realizing cost savings. There can
be no assurance that future consolidated results will improve as a result of
cost savings and efficiencies from any such acquisitions or proposed
acquisitions, or as to the timing or extent to which cost savings and
efficiencies will be achieved, if at all.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"></b><font face="Times New Roman" size="3"><i>Risks Of Foreign
Markets.</i> The Company has significant operations in foreign markets. In
January 1996 the Company acquired S.A. Jige International (&quot;Jige&quot;), a
French manufacturer of wreckers and car carriers, and in April 1996 the Company
acquired Boniface Engineering Limited (&quot;Boniface&quot;), a British
manufacturer of towing and recovery equipment. There is no assurance that the
Company will be able to successfully operate and expand its foreign operations.
Furthermore, there is no assurance that the Company will be able to successfully
expand sales outside of North America or compete in markets in which it is
unfamiliar with cultural and business practices. The Company&#146;s foreign
operations are subject to various political, economic and other uncertainties,
including risks of restrictive taxation policies, foreign exchange restrictions
and currency translations, changing political conditions and governmental
regulations.</font></p>
<p>&nbsp;</p>
<font face="Times New Roman" size="3">
<p ALIGN="center">2</font></p>
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<p ALIGN=>&nbsp;</p>

<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Risks Of
Entering New Lines Of Business.</i> The Company&#146;s growth strategy includes
vertically integrating within the towing and recovery industry through a
combination of acquisitions and internal growth. Implementation of its growth
strategy has resulted in the Company&#146;s entry into several new lines of
business. Historically, the Company&#146;s expertise has been in the manufacture of
towing and recovery equipment and the Company had no prior operating experience
in the lines of business it recently entered. Commencing during fiscal 1997, the
Company entered three new lines of business through the acquisition of towing
and recovery equipment distributors and towing service companies, and the
establishment of the Company&#146;s Financial Services Group. The Company&#146;s
operation of these businesses is subject to all of the risks inherent in the
establishment of a new business enterprise. Such acquisitions present the
additional risk that newly-acquired businesses could be viewed as being in
competition with other customers of the Company. Although the new businesses are
closely related to the Company&#146;s towing and recovery equipment manufacturing
business, the Company has experienced difficulties and unexpected expenses
establishing and operating these new businesses, and may continue to experience
such difficulties and expenses.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Cyclical Nature Of
Industry, General Economic Conditions And Weather.</i> The towing and recovery
industry is cyclical in nature and has been affected historically by high
interest rates and economic conditions in general. Accordingly, a downturn in
the economy could have a material adverse effect on the Company&#146;s operations,
as has been the case during the current general economic downturn. The industry
is also influenced by consumer confidence and general credit availability, and
by weather conditions.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"></b><font face="Times New Roman" size="3"><i>Fluctuations In
Price And Supply Of Materials And Component Parts.</i> The Company is dependent
upon outside suppliers for its raw material needs and other purchased component
parts and, therefore, is subject to price increases and delays in receiving
supplies of such materials and component parts. There can be no assurance that
the Company will be able to pass any price increase on to its customers.
Although the Company believes that sources of its materials and component parts
will continue to be adequate to meet its requirements and that alternative
sources are available, events beyond the Company&#146;s control could have an
adverse effect on the cost or availability of such materials and component
parts. Additionally, demand for the Company&#146;s products could be negatively
affected by the unavailability of truck chassis, which are manufactured by third
parties and are typically purchased separately by the Company&#146;s distributors
or by towing operators and are sometimes supplied by the Company.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Competition.</i> The
towing and recovery equipment manufacturing industry is highly competitive.
Competition for sales exists at both the distributor and towing-operator levels
and is based primarily on product quality and innovation, reputation,
technology, customer service, product availability and price. In addition, sales
of the Company&#146;s products are affected by the market for used towing and
recovery equipment. Certain of the Company&#146;s competitors may have
substantially greater financial and other resources and may provide more
attractive dealer and retail customer financing alternatives than the Company.
Historically, the towing service industry has been highly fragmented, with an
estimated 30,000 professional towing operators in the United States, therefore
the Company&#146;s towing services operations will face continued competition from
many operators across the country. The Company&#146;s presence in the towing
service industry presents the risk that it could be viewed as being in
competition with other customers of the Company. The Company may also face
significant competition from large competitors as it enters other new lines of
business, including equipment distribution and financial services.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Dependence On
Proprietary Technology.</i> Historically, the Company has been able to develop
or acquire patented and other proprietary product innovations which have allowed
it to produce what management</font></p>
  <font SIZE="3">
<p>&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">3</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

</font>

<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">&nbsp;believes to be technologically advanced products
relative to most of its competition. Certain of the Company&#146;s patents expire
in 2004 at which time the Company may not have a continuing competitive
advantage through proprietary products and technology. In addition, pursuant to
the terms of a consent judgment entered into in 2000 with the Antitrust Division
of the U.S. Department of Justice, the Company is required to offer
non-exclusive royalty-bearing licenses to certain of the Company&#146;s key patents
to all tow truck and car carrier manufacturers. The Company&#146;s historical
market position has been a result, in part, of its continuous efforts to develop
new products. The Company&#146;s future success and ability to maintain market
share will depend, to an extent, on new product development.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Labor Availability.</i>
The timely production of the Company&#146;s wreckers and car carriers requires an
adequate supply of skilled labor. In addition, the operating costs of each
manufacturing and towing service facility can be adversely affected by high
turnover in skilled positions. Accordingly, the Company&#146;s ability to increase
sales, productivity and net earnings will be limited to a degree by its ability
to employ the skilled laborers necessary to meet the Company&#146;s requirements.
There can be no assurance that the Company will be able to maintain an adequate
skilled labor force necessary to efficiently operate its facilities.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The Company&#146;s Common Stock May
be Delisted from The New York Stock Exchange if the Company Does Not Maintain
Certain Listing Standards. </font></i><font face="Times New Roman">During much
of the third and fourth quarters of fiscal 2001 and the current quarter of
fiscal 2002, the price of the Company&#146;s common stock has closed at or below
$1.00 per share. The rules of the New York Stock Exchange require, among other
things, that the Company&#146;s common stock maintain a minimum thirty day average
closing price of $1.00 per share. The New York Stock Exchange has notified the
Company that if the Company&#146;s common stock does not regain compliance with the
minimum thirty day average closing price requirement, the Company will be
subject to delisting procedures. This minimum thirty day average closing price
requirement is the only listing requirement that the Company does not currently
satisfy. The Company was required to submit a plan to the NYSE for regaining
compliance with the minimum closing price requirement, which the Company
submitted in July 2001. The Company&#146;s plan, which has been accepted by the
NYSE, requires the Company to seek shareholder approval of a reverse stock split
of its common stock. In light of the general market conditions, and the Company&#146;s
own recent stock price volatility specifically, there is no assurance that the
average closing price for the Company&#146;s common stock will not remain below the
$1.00 per share requirement. The Company intends to seek the approval of its
shareholders to effect a reverse stock split to increase the price per share of
its common stock. There is no assurance that this proposal will be approved by
the Company&#146;s shareholders or that if it is approved the average closing price
of the stock will increase to more than $1.00 per share or remain above that
level. If the Company&#146;s common stock is delisted from the New York Stock
Exchange, an active trading market for its common stock may no longer exist, and
the ability of shareholders to buy and sell shares of the Company&#146;s common
stock may be materially impaired. In addition, the delisting of the Company&#146;s
stock could adversely affect the Company&#146;s ability to enter into future equity
financing transactions.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Dependence On Key
Management.</i> The success of the Company is highly dependent on the continued
services of the Company&#146;s management team. The loss of services of one or more
key members of the Company&#146;s senior management team could have a material
adverse effect on the Company.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Automobile And
Product Liability Insurance.</i> The Company is subject to various claims,
including automobile and product liability claims arising in the ordinary course
of business, and may at times be a party to various legal proceedings that
constitute ordinary routine litigation incidental to the Company&#146;s business.
The Company maintains reserves and liability insurance coverage at levels based
upon commercial norms and the Company&#146;s historical claims experience. A
successful product liability or other claim brought against the Company</font></p>
  <font SIZE="3">
<p>&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">4</font></p>
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<p ALIGN=>&nbsp;</p>

</font>

<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">&nbsp;in
excess of its insurance coverage or the inability of the Company to acquire
insurance at commercially reasonable rates could have a material adverse effect
upon the Company&#146;s business, operating results and financial condition.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Volatility Of Market
Price.</i> From time to time, there may be significant volatility in the market
price for the Common Stock. Quarterly operating results of the Company, changes
in earnings estimated by analysts, changes in general conditions in the Company&#146;s
industry or the economy or the financial markets or other developments affecting
the Company could cause the market price of the Common Stock to fluctuate
substantially. In addition, in recent years the stock market has experienced
significant price and volume fluctuations. This volatility has had a significant
effect on the market prices of securities issued by many companies for reasons
unrelated to their operating performance.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Control By Principal
Shareholder.</i> William G. Miller, the Chairman of the Company, beneficially
owns approximately 16% of the outstanding shares of Common Stock. Accordingly,
Mr. Miller has the ability to exert significant influence over the business
affairs of the Company, including the ability to influence the election of
directors and the result of voting on all matters requiring shareholder
approval.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Anti-Takeover
Provisions Of Charter And Bylaws; Preferred Stock.</i> The Company&#146;s Charter
and Bylaws contain restrictions that may discourage other persons from
attempting to acquire control of the Company, including, without limitation,
prohibitions on shareholder action by written consent and advance notice
requirements respecting amendments to certain provisions of the Company&#146;s
Charter and Bylaws. In addition, the Company&#146;s Charter authorizes the issuance
of up to 5,000,000 shares of preferred stock. The rights and preferences for any
series of preferred stock may be set by the Board of Directors, in its sole
discretion and without shareholder approval, and the rights and preferences of
any such preferred stock may be superior to those of Common Stock and thus may
adversely affect the rights of holders of Common Stock.</font></p>
<b>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">TOWING AND RECOVERY
EQUIPMENT</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company offers a
broad range of towing and recovery equipment products that meet most customer
design, capacity and cost requirements. The Company manufactures the bodies of
wreckers and car carriers, which are installed on truck chassis manufactured by
third parties. Wreckers generally are used to recover and tow disabled vehicles
and other equipment and range in type from the conventional tow truck to large
recovery vehicles with rotating hydraulic booms and 70-ton lifting capacities.
Car carriers are specialized flat bed vehicles with hydraulic tilt mechanisms
that enable a towing operator to drive or winch a vehicle onto the bed for
transport. Car carriers transport new or disabled vehicles and other equipment
and are particularly effective over longer distances.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company&#146;s
products are sold primarily through independent distributors that serve all 50
states, Canada and Mexico, and other foreign markets including Europe, the
Pacific Rim and the Middle East. As a result of its ownership of Jige in France
and Boniface in the United Kingdom, the Company has substantial distribution
capabilities in Europe. While most of the Company&#146;s distributor agreements do
not contain exclusivity provisions, management believes that approximately 65%
of the Company&#146;s independent distributors sell the Company&#146;s products on an
exclusive basis. In addition to selling the Company&#146;s products to towing
operators, the distributors provide parts and service. The Company also has
independent sales representatives that exclusively market the Company&#146;s
products and provide expertise and sales assistance to distributors. Management
believes the strength of the Company&#146;s distribution network and the breadth of
its product offerings are two key advantages over its competitors.</font></p>
  <font SIZE="3">
<b>
<p>&nbsp;</p>
<p ALIGN="center">
</b>
<font face="Times New Roman">5</font></p>
<b>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

</font>

<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="3">Product Line</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company
manufactures a broad line of wrecker and car carrier bodies to meet a full range
of customer design, capacity and cost requirements. The products are marketed
under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Jige,
and Boniface brand names.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Wreckers. </font></i><font face="Times New Roman">Wreckers
are generally used to recover and tow disabled vehicles and other equipment and
range in type from the conventional tow truck to large recovery vehicles with
70-ton lifting capacities. Wreckers are available with specialized features,
including underlifts, L-arms and scoops, which lift disabled vehicles by the
tires or front axle to minimize front end damage to the towed vehicles. Certain
heavy duty wrecker models offer rotating booms, which allow heavy duty wreckers
to recover vehicles from any angle, and proprietary remote control devices for
operating wreckers. In addition, certain light duty wreckers are equipped with
the patented &quot;Express&quot; and &quot;Eagle Claw&quot; automatic wheellift hookup devices that
allow operators to engage a disabled or unattended vehicle without leaving the
cab of the wrecker.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company&#146;s
wreckers range in capacity from 8 to 70 tons, and are characterized as light
duty and heavy duty, with wreckers of 16-ton or greater capacity being
classified as heavy duty. Light duty wreckers are used to remove vehicles from
accident scenes and vehicles illegally parked, abandoned or disabled, and for
general recovery. Heavy duty wreckers are used in commercial towing and recovery
applications including overturned tractor trailers, buses, motor homes and other
vehicles.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Car Carriers. </font></i><font face="Times New Roman">Car
carriers are specialized flat-bed vehicles with hydraulic tilt mechanisms that
enable a towing operator to drive or winch a vehicle onto the bed for transport.
Car carriers are used to transport new or disabled vehicles and other equipment
and are particularly effective for transporting vehicles or other equipment over
longer distances. In addition to transporting vehicles, car carriers may also be
used for other purposes, including transportation of industrial equipment. In
recent years, professional towing operators have added car carriers to their
fleets to complement their towing capabilities.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="3"><b>Brand Names</b></font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company
manufactures and markets its wreckers and car carriers under nine separate brand
names. Although certain of the brands overlap in terms of features, prices and
distributors, each brand has its own distinctive image and customer base.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Century</font></i><font face="Times New Roman"><sup>&reg;</sup>.
The Century brand is the Company&#146;s &#147top-of-the-line&#148; brand and
represents what management believes to be the broadest product line in the
industry. The Century line was started in 1974 and produces wreckers ranging
from the 8-ton light duty to the 70-ton heavy duty models and car carriers in
lengths from 17&frac12; to 26 feet. Management believes that the Century brand has a
reputation as the industry&#146;s leading product innovator.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Vulcan<sup>&reg;</sup>. </font></i><font face="Times New Roman">The
Company&#146;s Vulcan product line includes a range of premium light and heavy duty
wreckers, car carriers and other towing and recovery equipment. The Vulcan line
is operated autonomously with its own independent distribution network.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Challenger</font></i><font face="Times New Roman"><sup>&reg;</sup><i>.
</i>The Company&#146;s Challenger products compete with the Century and Vulcan
products and constitute a third premium product line. Challenger products
consist of light to heavy duty wreckers with capacities ranging from 8 to 70
tons, and car carriers with lengths ranging from 17&frac12; to 26 feet. The Challenger
line was started in 1975 and is known for high performance heavy duty wreckers
and aesthetic design.</font></p>
  <font SIZE="3">
<p>&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">6</font></p>
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<p ALIGN=>&nbsp;</p>

</font>

<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Holmes</font></i><font face="Times New Roman"><sup>&reg;</sup>.
The Company&#146;s Holmes product line includes mid-priced wreckers with 8 to 16
ton capacities and car carriers in 17&frac12; to 21 foot lengths. The Holmes wrecker
was first produced in 1916. The Holmes name has been the most well-recognized
and leading industry brand both domestically and internationally through most of
this century.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Champion</font></i><font face="Times New Roman"><sup>&reg;</sup>.
The Champion brand, which was introduced in 1991, includes car carriers which
range in length from 17&frac12; to 21 feet. The Champion product line, which is
generally lower-priced, allows the Company to offer a full line of car carriers
at various competitive price points. In 1993, the Champion line was expanded to
include a line of economy tow trucks with integrated boom and underlift.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Chevron</font></i><font face="Times New Roman">&#153;.
The Company&#146;s Chevron product line is comprised primarily of premium car
carriers. Chevron produces a range of premium single-car, multi-car and
industrial carriers, light duty wreckers and other towing and recovery
equipment. The Chevron line is operated autonomously with its own independent
distribution network that focuses on the salvage industry.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Eagle</font></i><font face="Times New Roman"><sup>&reg;</sup>.
The Company&#146;s Eagle products consist of light duty wreckers with a patented
&#147;Eagle Claw&#148; hook-up system that allows towing operators to engage a
disabled or unattended vehicle without leaving the cab of the tow truck. The
&#147;Eagle Claw&#148; hook-up system, which was patented in 1984, was
originally developed for the repossession market. Since acquiring Eagle, the
Company has upgraded the quality and features of the Eagle product line and
expanded its recovery capability. The Eagle line is now gaining increased
popularity in the broader towing and recovery vehicle market.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Jige</font></i><font face="Times New Roman">&#153;<i>.
</i>The Company&#146;s Jige product line is comprised of a broad line of light and
heavy duty wreckers and car carriers marketed primarily in Europe. Jige is a
market leader best known for its innovative designs of car carriers and light
wreckers necessary to operate within the narrow confines of European cities.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Boniface</font></i><font face="Times New Roman">&#153;<i>.</i>
The Company&#146;s Boniface product line is comprised primarily of heavy duty
wreckers marketed primarily in Europe. Boniface produces a wide range of heavy
duty wreckers specializing in the long underlift technology required to tow
modern European tour buses.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company&#146;s Holmes
and Century brand names are associated with four of the major innovations in the
industry: the rapid reverse winch, the tow sling, the hydraulic lifting
mechanism, and the underlift with parallel linkage and L-arms. The Company&#146;s
engineering staff, in consultation with manufacturing personnel, uses
computer-aided design and stress analysis systems to test new product designs
and to integrate various product improvements. In addition to offering product
innovations, the Company focuses on developing or licensing new technology for
its products.</font></p>
<b>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="3">Manufacturing Process</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company
manufactures wreckers and car carriers at six manufacturing facilities located
in the United States, France and England. The manufacturing process for the
Company&#146;s products consists primarily of cutting and bending sheet steel or
aluminum into parts that are welded together to form the wrecker or car carrier
body. Components such as hydraulic cylinders, winches, valves and pumps, which
are purchased by the Company from third-party suppliers, are then attached to
the frame to form the completed wrecker or car carrier body. The completed body
is either installed by the Company or shipped by common carrier to a distributor
where it is then installed on a truck chassis. Generally, the wrecker or car
carrier bodies are painted by the Company with a primer coat only, so that
towing operators can select customized colors to coordinate with chassis colors
or fleet colors. To the extent final painting is required before delivery, the
Company contracts with independent paint shops for such services.</font></p>
  <font SIZE="3">
<p>&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">7</font></p>
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<p ALIGN=>&nbsp;</p>

</font>

<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company purchases
raw materials and component parts from a number of sources. Although the Company
has no long-term supply contracts, management believes the Company has good
relationships with its primary suppliers. The Company has experienced no
significant problems in obtaining adequate supplies of raw materials and
component parts to meet the requirements of its production schedules. Management
believes that the materials used in the production of the Company&#146;s products
are available at competitive prices from an adequate number of alternative
suppliers. Accordingly, management does not believe that the loss of a single
supplier would have a material adverse effect on the Company&#146;s business.</font></p>
<b>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="3">Towing and Recovery
Equipment Sales and Distribution</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company&#146;s
distribution group owns ten towing and recovery equipment distributors located
in California, Colorado, Florida, Georgia, Illinois, Indiana and Missouri and in British
Columbia and Ontario, Canada. The owned distributors market the Company&#146;s
products as well as other specialty transportation equipment, and the Company
intends to expand the number and types of products distributed through its
distributors. The Company does not currently intend to purchase any additional
distributors. The Company-owned distributors generally do not compete in the
same geographic markets as the Company&#146;s independent distributors.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Management categorizes
the towing and recovery market into three general product types: light duty
wreckers, heavy duty wreckers and car carriers. The light duty wrecker market
consists primarily of professional wrecker operators, repossession towing
services, municipal and federal governmental agencies, and repair shop or
salvage company owners. The heavy duty market is dominated by professional
wrecker operators serving the needs of commercial vehicle operators. The car
carrier market, historically dominated by automobile salvage companies, has
expanded to include equipment rental companies that offer delivery service and
professional towing operators who desire to complement their existing towing
capabilities. Management estimates that there are approximately 30,000
professional towing operators and 80,000 service station, repair shop and
salvage operators comprising the overall towing and recovery market.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company&#146;s sales
force, which services the Company&#146;s distribution network, consists of 27 sales
representatives, 21 of whom are Company employees whose responsibilities include
providing administrative and sales support to the entire distributor base. The
remaining 6 sales representatives are independent contractors who market the
Company&#146;s products exclusively. Sales representatives receive commissions on
direct sales based on product type and brand and generally are assigned specific
territories in which to promote sales of the Company&#146;s products and to
maintain customer relationships.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company has
developed a diverse customer base consisting of approximately 175 distributors
in North America, who serve all 50 states, Canada and Mexico, and approximately
50 distributors that serve other foreign markets. During the fiscal year ended
April 30, 2001, no single distributor accounted for more than 5% of the Company&#146;s
sales. Management believes the Company&#146;s broad and diverse customer base
provides it with the flexibility to adapt to market changes, lessens its
dependence on particular distributors and reduces the impact of regional
economic factors.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">To support sales and
marketing efforts, the Company produces demonstrator models that are used by the
Company&#146;s sales representatives and distributors. To increase exposure to its
products, the Company also has served as the official recovery team for many
automobile racing events, including the Daytona, Talladega, Atlanta and
Darlington NASCAR races, the Grand Prix in Miami, the Suzuka in Japan, the IMSA
&quot;24 Hours at Daytona,&quot; Molson Indy, the Brickyard, and the Indy 500
races, among others.</font></p>
  <font SIZE="3">
<p>&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">8</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

</font>

<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company routinely
responds to requests for proposals or bid invitations in consultation with its
local distributors. The Company&#146;s products have been selected by the United
States General Services Administration as an approved source for certain federal
and defense agencies. The Company intends to continue to pursue government
contracting opportunities.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The towing and recovery
equipment industry places heavy marketing emphasis on product exhibitions at
national and regional trade shows. In order to focus its marketing efforts and
to control marketing costs, the Company has reduced its participation in
regional trade shows and now concentrates its efforts on five of the major trade
shows each year. The Company works with its distributor network to concentrate
on various regional shows.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><b><font face="Times New Roman" size="3">Financial Services</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company&#146;s
Financial Services Group provides financial services to towing and recovery
equipment distributors and towing service companies. The Company offers floor
plan financing to distributors and purchase and lease financing to towing
service operators. In addition to financing services, the Financial Services
Group now provides extended warranties and related services
to purchasers of the Company&#146;s products.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company has
business relationships with various retail financing institutions (the
&quot;Lenders&quot;) to jointly market financing of the Company&#146;s products. As
part of these relationships, the Company, through its owned and independent
distributors, originates lease and loan financing for its end-consumers, and the
Lenders provide the financing and servicing of the leases and loans. In return
for the Company&#146;s marketing activities, the Lenders pay a fee based on amounts
financed.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company expects to
capitalize on its strong existing relationships with its distributors and their
customers and its reputation for reliable service to develop the Financial
Services Group.</font></p>
<b>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="3">Product Warranties and
Insurance</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company offers a
12-month limited manufacturer&#146;s product and service warranty on its wrecker
and car carrier products. The Company&#146;s warranty generally provides for repair
or replacement of failed parts or components. Warranty service is usually
performed by the Company or an authorized distributor. Management believes that
the Company maintains adequate general liability and product liability
insurance.</font></p>
<b>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="3">Backlog</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company produces
virtually all of its products to order. The Company&#146;s backlog is based upon
customer purchase orders that the Company believes are firm. The level of
backlog at any particular time, however, is not an appropriate indicator of the
future operating performance of the Company. Certain purchase orders are subject
to cancellation by the customer upon notification. Given the Company&#146;s
production and delivery schedules management believes that the current backlog
represents less than three months of production.</font></p>
  <font SIZE="3">
<p>&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">9</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

</font>

<b>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="3">Competition</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The towing and recovery
equipment manufacturing industry is highly competitive for sales to distributors
and towing operators. Management believes that competition in the towing and
recovery equipment industry is a function of product quality and innovation,
reputation, technology, customer service, product availability and price. The
Company competes on the basis of each of these criteria, with an emphasis on
product quality and innovation and customer service. Management also believes
that a manufacturer&#146;s relationship with distributors is a key component of
success in the industry. Accordingly, the Company has invested substantial
resources and management time in building and maintaining strong relationships
with distributors. Management also believes that the Company&#146;s products are
regarded as high quality within their particular price points. The Company&#146;s
marketing strategy is to continue to compete primarily on the basis of quality
and reputation rather than solely on the basis of price, and to continue to
target the growing group of professional towing operators who as end-users
recognize the quality of the Company&#146;s products.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Traditionally, the
capital requirements for entry into the towing and recovery manufacturing
industry have been relatively low. Management believes a manufacturer&#146;s
capital resources and access to technological improvements have become a more
integral component of success in recent years. Accordingly, management believes
that the Company&#146;s ownership of patents on certain of the industry&#146;s leading
technologies has given it a competitive advantage. Certain of the Company&#146;s
competitors may have greater financial and other resources and may provide more
attractive dealer and retail customer financing alternatives than the Company.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Employees</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">At April 30, 2001, the
Company employed approximately 1,043 people in its towing and recovery equipment
manufacturing and distribution operations. None of the Company&#146;s employees is
covered by a collective bargaining agreement, though its employees in France and
England have certain similar rights provided by their respective government&#146;s
employment regulations. The Company considers its employee relations to be good.</font></p>
<b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">TOWING SERVICES -
ROADONE</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">In February 1997, the
Company formed its towing services division, RoadOne, to begin building a
national towing service network. RoadOne has become a leading towing service
company with operations at over 150 locations in 23 states. RoadOne&#146;s
corporate offices are located in Ooltewah, Tennessee.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company&#146;s
strategy is to build brand loyalty among towing service customers by emphasizing
consistently high quality and dependable service from multiple locations
throughout a broad geographic area. The Company intends to market these services
to organizations with widely dispersed fleets of vehicles that would benefit
from a single source provider.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><b><font face="Times New Roman" size="3">Services Provided</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Services provided by
RoadOne include towing and recovery and specialized transportation services.
RoadOne&#146;s towing and recovery services primarily involve providing road-side
assistance to disabled vehicles which allows such vehicles to proceed under
their own power, or towing disabled or abandoned vehicles to a location
designated by the customer. RoadOne derives revenue from towing and recovery
services based on distance, time or fixed charges and from storage services
based on daily fees. These services are primarily provided to commercial
entities, such as fleet operators, automobile dealers, repair shops, automobile
leasing companies, and automobile auction companies; public entities such as
municipalities, police, sheriff and highway patrol departments, colleges and
universities, and toll-road departments; motor clubs; and individual motorists.</font></p>
  <font SIZE="3">
<p>&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">10</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

</font>

<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">&nbsp;RoadOne conducts lien and salvage sales of certain vehicles in conjunction with
its towing and recovery services. RoadOne also provides limited environmental
clean-up services in some areas.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">RoadOne&#146;s specialized
transportation services primarily involve transporting new and used vehicles,
construction equipment and industrial equipment. RoadOne derives revenue from
transport services based on distance, time or fixed charges. These services are
primarily provided to automobile leasing companies, automobile auction
companies, automobile dealers, fleet operators, construction companies, and
industrial manufacturers.</font></p>
<p ALIGN="JUSTIFY"><b><font face="Times New Roman" size="3">Towing, Recovery and
Road Services</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Commercial.</i>
RoadOne provides commercial road services to a broad range of commercial
customers, including automobile dealers and repair shops. RoadOne typically
charges a flat fee and a mileage premium for these towing services. Commercial
road services also include towing and recovery of heavy-duty trucks,
recreational vehicles, buses and other large vehicles, typically for commercial
fleet operators. RoadOne charges an hourly rate based on the towing vehicle used
for these specialized services. RoadOne also provides private impound towing
services to commercial customers, such as shopping centers, retailers and
hotels, which engage RoadOne to tow vehicles that are parked illegally on their
property.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Municipal.</i>
RoadOne also provides towing and recovery services to public entities such as
municipalities and police, sheriff and highway patrol departments. In a limited
number of markets, RoadOne provides municipal freeway towing service to local
transit districts and other transportation agencies through patrolling a preset
route on heavily-used freeways and towing or otherwise assisting disabled
vehicles. These services are in some cases provided under contracts, typically
for terms of five years or less, that are terminable for material breach and are
typically subject to competitive bidding upon expiration. In other cases,
RoadOne provides these services without a long-term contract. Whether pursuant
to a contract or an ongoing relationship, these services are generally provided
by RoadOne for a designated geographic area, or shared with one or more other
companies on a rotation basis.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Motor Club.</i>
RoadOne provides towing and recovery services under contract to national motor
clubs for the disabled vehicles of their members. Roadside assistance is
provided and, if necessary, vehicles are towed to repair facilities for a flat
fee paid by either the individual motorist or the motor club.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Consumer Towing and
Recovery.</i> RoadOne provides towing and recovery services to individual
motorists for their disabled vehicles. Roadside assistance is provided and, if
necessary, vehicles are towed to repair facilities for a flat fee paid by the
individual motorist.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Lien and Salvage
Sales. </i>In conjunction with providing towing and recovery services, vehicles
may be towed to a Company facility where the vehicle is impounded and placed in
storage. Such a vehicle will remain in storage until its owner pays the towing
fee, which is typically based on an hourly charge, and any daily storage fees to
the Company, as well as any fines due to law enforcement agencies. If the
vehicle is not claimed within a period prescribed by law (typically between 30
and 90 days), RoadOne may complete lien proceedings and sell the vehicle at
auction or to a scrap metal facility, depending on the value of the vehicle.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"></i><b><font face="Times New Roman" size="3">Specialized
Transportation</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Construction
Equipment.</i> RoadOne provides construction equipment transport services to
construction companies, contractors, municipalities and equipment leasing
companies for mobile cargo such as cranes, bulldozers, forklifts and other heavy
construction equipment. Service fees are based on the vehicle used and the
distance traveled.</font></p>
  <font SIZE="3">
<p>&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">11</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

</font>

<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Industrial
Equipment. </i>RoadOne provides industrial equipment transport services to
manufacturing companies, construction companies, contractors, municipalities and
equipment leasing companies for immobile cargo such as engines, industrial
generators and heavy construction materials. Service fees may be based on the
vehicle used and the distance traveled or may be determined using an hourly rate
based on the towing vehicle used for these specialized services.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>New and Used
Automobile.</i> RoadOne provides automobile transport services to leasing
companies, automobile dealers, automobile auction companies, long-distance
transporters, brokers and individuals. Services typically are provided as needed
by particular customers and charged according to pre-set rates based on mileage.
RoadOne provides transport services for dealers with used cars coming off lease
and who transfer new cars from one region to another based on demand. The
Company also provides local collection and delivery support to long-haul
automobile transporters.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><b><font face="Times New Roman" size="3">Dispatch Systems</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">RoadOne currently
dispatches its towing and recovery and specialized transportation services via
existing local dispatch systems operated by its individual subsidiaries. Some of
these subsidiaries utilize computerized positioning systems which identify and
track vehicle location and status in a localized area. RoadOne intends to
continue to use these existing dispatch systems, while developing and
implementing a national computerized dispatch system that will more efficiently
support its national, regional and local customers in allocating and utilizing
assets on every level.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><b><font face="Times New Roman" size="3">Affiliate Program</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">In order to offer a
nationwide towing service, the Company has established an affiliate program
under which independent professional towers who meet the Company&#146;s criteria
provide towing services under the RoadOne name as &quot;affiliates.&quot;
RoadOne affiliated companies offered many of the benefits of owned companies,
such as product rebates, lower costs for financing and insurance, quantity
buying advantages, national marketing strength and driver training. As of July
23, 2001, the Company had over 2,600 signed agreements with RoadOne affiliates
in all 50 states, Puerto Rico and six provinces in Canada.</font></p>
<b>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="3">Competition</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Historically, the
towing service industry has been highly fragmented, with an estimated 30,000
professional towing operators in the United States. The Company believes that
having towing service operations in may locations will foster brand loyalty
among towing service customers through an emphasis on consistently high quality
and dependable service from multiple locations over a broad geographic area. The
Company expects to market these services to organizations with widely dispersed
fleets of vehicles that would benefit from a single source provider. However,
the size of the towing service industry will mean that the Company&#146;s
operations will face continued competition from many operators across the
country. These operators could be consolidated by other companies, individuals
or entities, or they could enter into affiliate relationships with other
companies. In addition, the Company&#146;s presence in the towing service industry
presents the risk that it could be viewed as being in competition with other
customers of the Company.</font></p>
  <font SIZE="3">
<p>&nbsp;</p>
<font face="Times New Roman" size="3">
<p ALIGN="center">12</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

</font>

<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Employees</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">At April 30, 2001, the
Company employed approximately 2,135 people at RoadOne. None of the Company&#146;s
RoadOne employees are covered by a collective bargaining agreement. The Company
considers its employee relations to be good.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">PATENTS AND TRADEMARKS</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">The development of the
underlift parallel linkage and L-arms in 1982 is considered one of the most
innovative developments in the wrecker industry in the last 25 years. This
technology is significant primarily because it allows the damage-free towing of
newer aerodynamic vehicles made of lighter weight materials. Patents for this
technology were granted to an operating subsidiary of the Company in 1987 and
1989. These patents expire in mid-year 2004. This technology, particularly the
L-arms, is used in a majority of the commercial wreckers today. Management
believes that utilization of such devices without a license is an infringement
of the Company&#146;s patents. The Company has successfully litigated infringement
lawsuits in which the validity of the Company&#146;s patents on this technology was
upheld, and successfully settled other lawsuits. The Company also holds a number
of other utility and design patents covering other products, including the
&#147;Eagle-Claw&#148; hook up system, the Vulcan &#147;scoop&#148;
wheel-retainer and the car carrier anti-tilt device. The Company has also
obtained the rights to use and develop certain technologies owned or patented by
others. Pursuant to the terms of a consent judgment entered into in 2000 with
the Antitrust Division of the U.S. Department of Justice, the Company is
required to offer non-exclusive royalty-bearing licenses to certain of the
Company&#146;s key patents to all tow truck and car carrier manufacturers.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">The Company&#146;s
trademarks &quot;Century,&quot; &quot;Holmes,&quot; &quot;Champion, &quot;Challenger,&quot;
&quot;Formula I,&quot; &quot;Eagle Claw Self-Loading
Wheellift,&quot; &quot;Pro Star,&quot; &quot;Street Runner,&quot; &quot;Vulcan,&quot;
and &quot;RoadOne&quot; among others, are registered with the United States
Patent and Trademark Office. Management believes that the Company&#146;s trademarks
are well-recognized by dealers, distributors and end-users in their respective
markets and are associated with a high level of quality and value.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">GOVERNMENT REGULATIONS AND
ENVIRONMENTAL MATTERS</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company&#146;s
operations are subject to federal, state and local laws and regulations relating
to the generation, storage, handling, emission, transportation and discharge of
materials into the environment. Management believes that the Company is in
substantial compliance with all applicable federal, state and local provisions
relating to the protection of the environment. The costs of complying with
environmental protection laws and regulations has not had a material adverse
impact on the Company&#146;s financial condition or results of operations in the
past and is not expected to have a material adverse impact in the future.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company is also
subject to the Magnuson-Moss Warranty Federal Trade Commission Improvement Act
which regulates the description of warranties on products. The description and
substance of the Company&#146;s warranties are also subject to a variety of federal
and state laws and regulations applicable to the manufacturing of vehicle
components. Management believes that continued compliance with various
government regulations will not materially affect the operations of the Company.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Financial Services
Group is subject to regulation under various federal, state and local laws which
limit the interest rates, fees and other charges that may be charged by it or
prescribe certain other terms of the financing documents that it enters into
with its customers. Management believes that the additional administrative costs
of complying with these regulations will not materially affect the operations of
the Company.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
  <font SIZE="3">
<p ALIGN="center"><font face="Times New Roman">13</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

</font>

<b>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">EXECUTIVE OFFICERS OF
THE REGISTRANT</font></p>
</b>
<p ALIGN="JUSTIFY">&nbsp;</p>

</font>

<table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="638">
  <tr>
    <td WIDTH="222" VALIGN="TOP" bgcolor="#CCEEFF"><b><font SIZE="3">
      <p ALIGN="left"><font face="Times New Roman" size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Name</u></font></font></b></td>
    <td WIDTH="71" VALIGN="TOP" bgcolor="#CCEEFF"><b><u><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">Age</font></font></u></b></td>
    <td WIDTH="339" VALIGN="TOP" bgcolor="#CCEEFF"><b><font SIZE="3">
      <p ALIGN="left"><font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font face="Times New Roman" size="3">Position with the
      Company</font></u></font></b></td>
  </tr>
  <tr>
    <td WIDTH="222" VALIGN="TOP"></td>
    <td WIDTH="71" VALIGN="TOP"></td>
    <td WIDTH="339" VALIGN="TOP">
    </td>
  </tr>
  <tr>
    <td WIDTH="222" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="JUSTIFY" style="margin: 0"><font face="Times New Roman" size="3">William G. Miller</font></font></td>
    <td WIDTH="71" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="CENTER" style="margin: 0"><font face="Times New Roman" size="3">54</font></font></td>
    <td WIDTH="339" VALIGN="TOP" bgcolor="#CCEEFF">
        <font SIZE="3">
        <p ALIGN="JUSTIFY" style="margin: 0"><font face="Times New Roman" size="3">Chairman of the
        Board</font>
      </font></td>
  </tr>
  <tr>
    <td WIDTH="222" VALIGN="TOP">
      <p>
    </td>
    <td WIDTH="71" VALIGN="TOP"></td>
    <td WIDTH="339" VALIGN="TOP">
    </td>
  </tr>
  <tr>
    <td WIDTH="222" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="JUSTIFY" style="margin: 0"><font face="Times New Roman" size="3">Jeffrey I.
      Badgley</font></font></td>
    <td WIDTH="71" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="CENTER" style="margin: 0"><font face="Times New Roman" size="3">49</font></font></td>
    <td WIDTH="339" VALIGN="TOP" bgcolor="#CCEEFF">
        <font SIZE="3">
        <p ALIGN="JUSTIFY" style="margin: 0"><font face="Times New Roman" size="3">President,
        Chief Executive Officer and Director</font>
      </font></td>
  </tr>
  <tr>
    <td WIDTH="222" VALIGN="TOP">
      <p>
    </td>
    <td WIDTH="71" VALIGN="TOP"></td>
    <td WIDTH="339" VALIGN="TOP">
    </td>
  </tr>
  <tr>
    <td WIDTH="222" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="JUSTIFY" style="margin: 0"><font face="Times New Roman" size="3">Frank Madonia</font></font></td>
    <td WIDTH="71" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="CENTER" style="margin: 0"><font face="Times New Roman" size="3">52</font></font></td>
    <td WIDTH="339" VALIGN="TOP" bgcolor="#CCEEFF">
        <font SIZE="3">
        <p ALIGN="JUSTIFY" style="margin: 0"><font face="Times New Roman" size="3">Executive Vice
        President, Secretary and General Counsel</font>
      </font></td>
  </tr>
  <tr>
    <td WIDTH="222" VALIGN="TOP">
      <p>
    </td>
    <td WIDTH="71" VALIGN="TOP"></td>
    <td WIDTH="339" VALIGN="TOP">
    </td>
  </tr>
  <tr>
    <td WIDTH="222" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="JUSTIFY" style="margin: 0"><font face="Times New Roman" size="3">J. Vincent Mish</font></font></td>
    <td WIDTH="71" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="CENTER" style="margin: 0"><font face="Times New Roman" size="3">50</font></font></td>
    <td WIDTH="339" VALIGN="TOP" bgcolor="#CCEEFF">
        <font SIZE="3">
        <p ALIGN="JUSTIFY" style="margin: 0"><font face="Times New Roman" size="3">Vice President,
        Chief Financial Officer and President of Financial Services Group</font>
      </font></td>
  </tr>
</table>
<font SIZE="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">William G. Miller</font></i><font face="Times New Roman">
has served as Chairman of the Board since April 1994. Mr. Miller served as Chief
Executive Officer of the Company from April 1994 to June 1997, as Co-Chief
Executive Officer of the Company from June 1997 to November 1997, and as
President of the Company from April 1994 to June 1996. He served as Chairman of
Miller Group, Inc., from August 1990 through May 1994, as its President from
August 1990 to March 1993, and as its Chief Executive Officer from March 1993
until May 1994. Prior to 1987, Mr. Miller served in various management positions
for Bendix Corporation, Neptune International Corporation, Wheelabrator-Frye
Inc. and The Signal Companies, Inc.</font></p>
<i>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Jeffrey I. Badgley</font></i><font face="Times New Roman">
has served as Chief Executive Officer of the Company since November 1997, as
President since June 1996, and as a director since January 1996. Mr. Badgley
served as Co-Chief Executive Officer of the Company from June 1997 to November
1997, as Chief Operating Officer of the Company from June 1996 to June 1997 and
as Vice-President of the Company from April 1994 to June 1996. In addition, Mr.
Badgley serves as President of Miller Industries Towing Equipment Inc. Mr.
Badgley served as Vice President - Sales of Miller Industries Towing Equipment
Inc. from 1988 to 1996. Mr. Badgley served as Vice President - Sales and
Marketing of Challenger Wrecker Mfg., Inc., from 1982 until joining Miller
Industries Towing Equipment Inc.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>Frank Madonia </i>has
served as Executive Vice President, General Counsel and Secretary of the Company
since September 1998. From April 1994 to September 1998 Mr. Madonia served as
Vice President, General Counsel and Secretary of the Company. Mr. Madonia served
as Secretary and General Counsel to Miller Industries Towing Equipment Inc.
since its acquisition by Miller Group in 1990. From July 1987 through April
1994, Mr. Madonia served as Vice President, General Counsel and Secretary of
Flow Measurement. Prior to 1987, Mr. Madonia served in various legal and
management positions for United States Steel Corporation, Neptune International
Corporation, Wheelabrator-Frye Inc., The Signal Companies, Inc. and
Allied-Signal Inc. In addition, Mr. Madonia is registered to practice before the
United States Patent and Trademark Office.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><i>J. Vincent Mish </i>is
a certified public accountant and has served as Chief Financial Officer and
Treasurer of the Company since June 1999, a position he also held from April
1994 through September 1996. He also has served as President of the Financial
Services Group since September 1996 and as a Vice President of the Company since
April 1994. Mr. Mish served as Vice President and Treasurer of Miller Industries
Towing Equipment Inc. since its acquisition by Miller Group in 1990. From
February 1987 through April 1994, Mr. Mish served as Vice President and
Treasurer of Flow Measurement. Mr. Mish worked with Touche Ross &amp; Company
(now Deloitte and Touche) for over ten years before serving as Treasurer and
Chief Financial Officer of DNE Corporation from 1982 to 1987. Mr. Mish is a
member of the American Institute of Certified Public Accountants and the
Tennessee, Georgia and Michigan Certified Public Accountant societies.</font></p>
<p ALIGN="JUSTIFY"></p>
<font face="Times New Roman" size="3">
<p ALIGN="center">14</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

<p ALIGN="JUSTIFY"><b><a NAME="item2"><font face="Times New Roman" size="3">ITEM 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PROPERTIES</font></p>
</a></b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company operates
four manufacturing facilities in the United States. The facilities are located
in (i) Ooltewah, Tennessee, (ii) Hermitage, Pennsylvania, (iii) Mercer,
Pennsylvania<b>,</b> and (iv) Greeneville, Tennessee. The Ooltewah plant,
containing approximately 242,000 square feet, produces light and heavy duty
wreckers; the Hermitage plant, containing approximately 95,000 square feet,
produces car carriers; the Mercer plant, which was acquired in December 1997,
contains approximately 110,000 square feet, produces car carriers and light duty
wreckers; and the Greeneville plant, containing approximately 102,000 square
feet, primarily produces car carriers.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company operates
two foreign manufacturing facilities located in the Lorraine region of France,
which contain, in the aggregate, approximately 100,000 square feet, and one in
Norfolk, England, which contains approximately 30,000 square feet.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Management believes
that its existing manufacturing facilities will allow the Company to meet
anticipated demand for its products.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">In connection with its
towing service companies, the Company has acquired or entered into leases for
property at over 150 locations in 23 states. These facilities are utilized as
offices for administrative and dispatch operations, garages for repair and
upkeep of towing vehicles, and lots for storage and impounding of towed cars.
RoadOne&#146;s corporate offices are housed in the manufacturing plant in Ooltewah,
Tennessee.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY"><a NAME="item3"><font face="Times New Roman" size="3">ITEM 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LEGAL PROCEEDINGS</font></p>
</a></b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company is, from
time to time, a party to litigation arising in the normal course of its
business. Management believes that none of these actions, individually or in the
aggregate, will have a material adverse effect on the financial position or
results of operations of the Company.</font></p>
<b>
<p ALIGN="JUSTIFY"><a NAME="item4"><font face="Times New Roman" size="3">ITEM 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS</font></p>
</a></b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">No matters were
submitted to a vote of security holders of the Registrant during the fourth
quarter of the fiscal year covered by this Report.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">15</p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">PART II</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
    <td width="81" valign="top">
        <p ALIGN="LEFT">
<font SIZE="3">
<b>
<font face="Times New Roman" size="3"><a NAME="item5">ITEM
        5. </a></font>
</b>
</font>
      </p>
    </td>
    <td width="590">
        <p ALIGN="LEFT">
<font SIZE="3">
<b>
<font face="Times New Roman" size="3"><a NAME="item5"> MARKET FOR REGISTRANT&#146;S COMMON EQUITY AND RELATED </a>STOCKHOLDER
        MATTERS</font>
</b>
</font>
      </p>
    </td>
  </tr>
</table>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Registrant&#146;s
Common Stock is traded on the New York Stock Exchange (&quot;NYSE&quot;) under
the symbol &quot;MLR.&quot; The following table sets forth the quarterly range
of high and low sales prices for the Common Stock for the period from May 1,
1999 through April 30, 2001.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="61%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP"><b><u><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">High</font></font></u></b></td>
    <td WIDTH="19%" VALIGN="TOP"><b><u><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">Low</font></font></u></b></td>
  </tr>
  <tr>
    <td WIDTH="61%" VALIGN="TOP"><b><font SIZE="3">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Fiscal Year Ended
      April 30, 2000</font></font></b></td>
    <td WIDTH="19%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="61%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">First Quarter</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 5.88</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 2.75</font></font></td>
  </tr>
  <tr>
    <td WIDTH="61%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Second Quarter</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 3.25</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 2.06</font></font></td>
  </tr>
  <tr>
    <td WIDTH="61%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Third Quarter</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 3.75</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 1.75</font></font></td>
  </tr>
  <tr>
    <td WIDTH="61%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Fourth Quarter</font>
      <p ALIGN="JUSTIFY"></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 5.13</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 2.88</font></font></td>
  </tr>
  <tr>
    <td WIDTH="61%" VALIGN="TOP"><b><font SIZE="3">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Fiscal Year Ended
      April 30, 2001</font></font></b></td>
    <td WIDTH="19%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="61%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">First Quarter</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 3.88</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 1.25</font></font></td>
  </tr>
  <tr>
    <td WIDTH="61%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Second Quarter</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 2.00</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 0.88</font></font></td>
  </tr>
  <tr>
    <td WIDTH="61%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Third Quarter</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 1.75</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 0.44</font></font></td>
  </tr>
  <tr>
    <td WIDTH="61%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Fourth Quarter</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 1.50</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">$ 0.70</font></font></td>
  </tr>
</table>
<font SIZE="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The approximate number
of holders of record and beneficial owners of Common Stock as of July&nbsp;24,
2001 was 1,874<b> </b>and 10,000, respectively.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company has never
declared cash dividends on the Common Stock. The Company intends to retain its
earnings to finance the expansion of its business and does not anticipate paying
cash dividends in the foreseeable future. Any future determination as to the
payment of cash dividends will depend upon such factors as earnings, capital
requirements, the Company&#146;s financial condition, restrictions in financing
agreements and other factors deemed relevant by the Board of Directors. The
payment of dividends by the Company is restricted by its revolving credit
facility.</font></p>
<b>
<p ALIGN="JUSTIFY"><a NAME="item6"><font face="Times New Roman" size="3">ITEM 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SELECTED FINANCIAL DATA</font></p>
</a></b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The following table
sets forth the selected consolidated financial data of the Company, which should
be read in conjunction with &quot;Management&#146;s Discussion and Analysis of
Financial Condition and Results of Operations&quot; and with the Company&#146;s
Consolidated Financial Statements and Notes thereto. The selected consolidated
financial data for the years ended April 30, 1997, 1998, 1999, 2000 and 2001
have been derived from the consolidated financial statements of the Company
audited by Arthur Andersen LLP, independent public accountants.</font></p>
<b>
<p ALIGN="CENTER">&nbsp;</p>
  <font SIZE="3">
<p>&nbsp;</p>

</font>

</b>
  <font SIZE="3">
<p ALIGN="center"><font face="Times New Roman">16</font></p>
<b>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

</font>

<p ALIGN="CENTER"><font face="Times New Roman" size="3">MILLER INDUSTRIES, INC.
AND SUBSIDIARIES</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">SELECTED FINANCIAL DATA</font></p>
</b></font><font SIZE="1">
<p ALIGN="CENTER">&nbsp;</p>
</font>
<p ALIGN="CENTER"><center>
</font>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="693">
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="427" VALIGN="TOP" COLSPAN="9" HEIGHT="16"><b>
      <p ALIGN="CENTER"><font size="1">Years Ended April
      30,</font></b></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16"><b>
      <p ALIGN="CENTER"><font size="1">2001</font></b></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    </font>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16"><b>
      <p ALIGN="CENTER"><font size="1">2000</font></b></td>
    <font SIZE="3">
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    </font>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16"><b>
      <p ALIGN="CENTER"><font size="1">1999</font></b></td>
    <font SIZE="3">
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    </font>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16"><b>
      <p ALIGN="CENTER"><font size="1">1998</font></b></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16"><b>
      <p ALIGN="CENTER"><font size="1">1997</font></b></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
    </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="427" VALIGN="TOP" COLSPAN="9" HEIGHT="16"><b>
      <p ALIGN="CENTER"><font size="1">(In thousands,
      except per share data)</font></b></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16"><b>
      <p ALIGN="LEFT"><font size="1">Statements of Operations Data:</font></b></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="LEFT"><font size="1">Net sales</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 495,462&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 582,129&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 526,195&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 397,513&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 292,456&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="LEFT"><font size="1">Costs and expenses:</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="LEFT" style="text-indent: 25"><font size="1">Costs of operations</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">422,944&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">489,986&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">435,691&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">319,453&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">238,625&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="LEFT" style="text-indent: 25"><font size="1">Selling, general,
      and administrative expenses</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">65,392&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">81,669&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">75,081&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">49,410&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">30,192&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="LEFT" style="text-indent: 25"><font size="1">Special charges(1)</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">-&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">82,896&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">-&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">4,100&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">-&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="LEFT" style="text-indent: 25"><font size="1">Interest expense,
      net</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">16,734&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">14,029&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">10,945&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">3,699&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">682&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
    </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="LEFT"><font size="1">Total costs and
      expenses</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">505,070&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">668,580&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">521,717&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">376,662&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">269,499&nbsp;&nbsp;</font></td>
  </tr>
  <font SIZE="3">
<tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
  </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
  </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
  </td>
</tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
  </tr>
  </font>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
        <p ALIGN="LEFT"><font size="1">(Loss) income
        before income taxes</font>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="BOTTOM" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">(9,608)</font></td>
    <td WIDTH="11" VALIGN="BOTTOM" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="BOTTOM" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">(86,451)</font></td>
    <td WIDTH="9" VALIGN="BOTTOM" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="BOTTOM" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">4,478&nbsp;</font></td>
    <td WIDTH="13" VALIGN="BOTTOM" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="BOTTOM" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">20,851&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="BOTTOM" HEIGHT="16" bgcolor="#CCEEFF">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="BOTTOM" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">22,957&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="LEFT"><font size="1">Income taxes</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">(3,174)</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">(13,308)</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">2,272&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">8,186&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">8,436&nbsp;&nbsp;</font></td>
  </tr>
  <font SIZE="3">
<tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
  </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
  </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080">
  </td>
</tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
  </tr>
  </font>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="LEFT"><font size="1">Net (loss) income</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ (6,434)</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ (73,143)</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 2,206&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 12,665&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 14,521&nbsp;&nbsp;</font></td>
  </tr>
  <font SIZE="3">
<tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
</tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
  </tr>
  </font>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="17" bgcolor="#CCEEFF">
      <p ALIGN="LEFT"><font size="1">Basic net (loss)
      income per common share:</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="17" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="17" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ (0.14)</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="17" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="17" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ (1.57)</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="17" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="17" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 0.05&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="17" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="17" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 0.28&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="17" bgcolor="#CCEEFF">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="17" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 0.37&nbsp;&nbsp;</font></td>
  </tr>
  <font SIZE="3">
<tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
</tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
  </tr>
  </font>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
        <p ALIGN="LEFT"><font size="1">Weighted average
        common shares outstanding</font>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">46,709&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">46,694&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">46,338&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">44,559&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="left" style="text-indent: 25"><font size="1">39,565&nbsp;&nbsp;</font></td>
  </tr>
  <font SIZE="3">
<tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
</tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
  </tr>
  </font>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="LEFT"><font size="1">Diluted net (loss)
      income per common share:</font></td>
    <font SIZE="3">
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p></p>
    </td>
    </font>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ (0.14)</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ (1.57)</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 0.05&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 0.27&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 0.35&nbsp;&nbsp;</font></td>
  </tr>
  <font SIZE="3">
<tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
</tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
  </tr>
  </font>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
        <p ALIGN="LEFT"><font size="1">Weighted average
        common &amp; potential dilutive<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shares outstanding</font>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <font SIZE="3">
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF"><font SIZE="1">
      <p ALIGN="RIGHT"><br>
      </font>
      </font><font size="1">46,709&nbsp;</font></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <font SIZE="3">
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF"><font SIZE="1">
      <p ALIGN="RIGHT"><br>
      </font>
      </font><font size="1">46,694&nbsp;</font></p>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <font SIZE="3">
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF"><font SIZE="1">
      <p ALIGN="RIGHT"><br>
      </font>
      </font><font size="1">47,266&nbsp;</font></p>
    </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <font SIZE="3">
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF"><font SIZE="1">
      <p ALIGN="RIGHT"><br>
      </font>
      </font><font size="1">46,201&nbsp;</font></p>
    </td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF"><font SIZE="1">
      <p ALIGN="RIGHT"><br>
      </font>
      </font><font size="1">41,454&nbsp;&nbsp;</font></p>
    </td>
  </tr>
  <font SIZE="3">
<tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <hr color="#000080" size="4">
  </td>
</tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
</font>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
<font SIZE="3">
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
  </tr>
  </font>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16"><b>
      <p ALIGN="LEFT"><font size="1">Balance Sheet Data
      (at period end):</font></b></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <font SIZE="3">
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    </font>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <font SIZE="3">
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    </font>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <font SIZE="3">
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
  </tr>
  </font>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
        <p ALIGN="LEFT"><font size="1">Working capital</font>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 91,314&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 103,801&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 121,449&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 104,774&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">$ 61,980&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
        <p ALIGN="LEFT"><font size="1">Total assets</font>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">281,287&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">323,694&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">392,480&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">329,730&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">215,297&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
        <p ALIGN="LEFT"><font size="1">Long-term
        obligations, less current portion</font>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">99,121&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">119,319&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">133,850&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">95,778&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16" bgcolor="#CCEEFF">
      <p ALIGN="RIGHT"><font size="1">11,282&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
        <p ALIGN="LEFT"><font size="1">Common
        shareholders&#146; equity (deficit)</font></p>
    </td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">106,533&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">113,821&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">187,303&nbsp;</font></td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <p><font face="Times New Roman" size="1">&nbsp;</font></p>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">180,236&nbsp;</font></td>
    <font SIZE="3">
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <p></p>
    </td>
    </font>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="RIGHT"><font size="1">138,783&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="243" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="70" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="81" VALIGN="TOP" HEIGHT="16">
      <font face="Times New Roman" size="1">&nbsp;</font></td>
    <td WIDTH="9" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="16">
    </td>
    <td WIDTH="13" VALIGN="TOP" HEIGHT="16">
      <font size="1">&nbsp;</font>
    </td>
    <td WIDTH="69" VALIGN="TOP" HEIGHT="16">
    </td>
    <td WIDTH="11" VALIGN="TOP" HEIGHT="16">
    </td>
    <td WIDTH="63" VALIGN="TOP" HEIGHT="16">
    </td>
  </tr>
  <tr>
    <td VALIGN="TOP" COLSPAN="11" HEIGHT="16" width="687">
      <ol style="font-family: Times New Roman; font-size: 10px">
        <li><font size="1">Special charges include asset impairment charges of $76,855 and costs
          for the rationalization of the towing services segment of $6,041 in
          fiscal 2000.<br>
          </font></li>
        <li><font size="1">Basic and diluted net income
          per common share and the weighted average number of common and
          potential dilutive common shares outstanding are computed after giving
          retroactive effect to the 2-for-1 stock split effected on September
          30, 1996 and the 3-for-2 stock split effected on December 30, 1996.</font></li>
      </ol>
      <font SIZE="3">
      <p ALIGN="JUSTIFY">&nbsp;</font></td>
  </tr>
</table>
</center>
<p ALIGN="center">17</p>
<b>
<hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
<table border="0" width="685">
  <tr>
    <td width="76" valign="top">
        <p ALIGN="LEFT"><font SIZE="3">
<b><font face="Times New Roman" size="3"><a NAME="item7">ITEM
        7. </a></font></b></font></p>
    </td>
    <td width="595">
        <p ALIGN="LEFT"><font SIZE="3">
<b><font face="Times New Roman" size="3"><a NAME="item7"> MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION </a>AND
        RESULTS OF OPERATIONS</font></b></font></p>
    </td>
  </tr>
</table>
</b><font SIZE="3">
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The following
discussion of the results of operations and financial condition of the Company
should be read in conjunction with the Consolidated Financial Statements and
Notes thereto.</font></p>
<b>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">GENERAL</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Under the Company&#146;s
accounting policies, sales are recorded when equipment is shipped to independent
distributors or other customers. While the Company manufactures only the bodies
of wreckers, which are installed on truck chassis manufactured by third parties,
the Company sometimes purchases the truck chassis for resale to its customers.
Sales of Company-purchased truck chassis are included in net sales. Margins are
substantially lower on completed recovery vehicles containing Company-purchased
chassis because the markup over the cost of the chassis is nominal. Revenue from
Company owned distributors is recorded at the time equipment is shipped to
customers or services are rendered. The towing services division recognizes
revenue at the time services are performed.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company&#146;s net
sales have historically been lower in its first quarter when compared to the
prior quarter due in part to decisions by purchasers of light duty wreckers to
defer wrecker purchases near the end of the chassis model year. The Company&#146;s
net sales have historically been relatively stronger in its fourth quarter due
in part to sales made at the largest towing and recovery equipment trade show.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0; margin-right: 0">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">RESULTS OF OPERATIONS</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The following table
sets forth, for the periods indicated, the components of the consolidated
statements of operations expressed as a percentage of net sales.</font></p>
<p ALIGN="LEFT">&nbsp;</p>
</font>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="631">
  <tr>
    <td WIDTH="57%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="43%" VALIGN="TOP" COLSPAN="5"><b><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">Years Ended April
      30,</font></font></b></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"></td>
    <td WIDTH="43%" VALIGN="TOP" COLSPAN="5">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP"><b><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">2001</font></font></b></td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP"><b><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">2000</font></font></b></td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP"><b><font SIZE="3">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3">1999</font></font></b></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"><b><u><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Towing and Recovery
      Equipment Segment</font></font></u></b></td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Net Sales</font></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">100.0%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">100.0%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">100.0%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Costs and expenses:</font></font></td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP" bgcolor="#CCEEFF">
        <font SIZE="3">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="3">Costs of
        operations</font>
      </font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT" style="word-spacing: 0; margin-top: 0; margin-bottom: 0"><font face="Times New Roman" size="3">87.2%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">
      <p style="word-spacing: 0; margin-top: 0; margin-bottom: 0">&nbsp;</p>
      </td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT" style="word-spacing: 0; margin-top: 0; margin-bottom: 0"><font face="Times New Roman" size="3">86.4%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">
      <p style="word-spacing: 0; margin-top: 0; margin-bottom: 0">&nbsp;</p>
      </td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT" style="word-spacing: 0; margin-top: 0; margin-bottom: 0"><font face="Times New Roman" size="3">86.6%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP">
        <font SIZE="3">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="3">Selling, general,
        and administrative</font>
      </font></td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">9.3%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">8.9%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">9.1%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP" bgcolor="#CCEEFF">
        <font SIZE="3">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman">Special
        </font><font face="Times New Roman" size="3">charges</font>
      </font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">0.0%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">2.1%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">0.0%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP">
        <font SIZE="3">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="3">Interest expense,
        net</font>
      </font></td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">3.0%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">2.0%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">1.5%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Total costs and
      expenses</font></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">99.5%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">99.4%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">97.2%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Income before income
      taxes</font></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">0.5%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">0.6%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">2.8%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080" size="4">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080" size="4">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080" size="4">
    </td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"><b><u><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Towing Services
      Segment</font></font></u></b></td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Net sales</font></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">100.0%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">100.0%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">100.0%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Costs and expenses:</font></font></td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP" bgcolor="#CCEEFF">
        <font SIZE="3">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="3">Costs of
        operations</font>
      </font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">82.3%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">80.4%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">75.7%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP" HEIGHT="19">
        <font SIZE="3">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="3">Selling, general,
        and administrative</font>
      </font></td>
    <td WIDTH="12%" VALIGN="TOP" HEIGHT="19"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">19.9%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" HEIGHT="19">
      <p></p>
    </td>
    <td WIDTH="12%" VALIGN="TOP" HEIGHT="19"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">23.3%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" HEIGHT="19">
      <p></p>
    </td>
    <td WIDTH="12%" VALIGN="TOP" HEIGHT="19"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">24.1%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP" bgcolor="#CCEEFF">
        <font SIZE="3">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman">Special</font><font face="Times New Roman" size="3">
        charges</font>
      </font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">0.0%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">36.1%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">0.0%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP">
        <font SIZE="3">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="3">Interest expense,
        net</font>
      </font></td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">4.1%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">3.0%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">3.0%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Total costs and
      expenses</font></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">106.3%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">142.8%</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">102.8%</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Income (loss) before
      income taxes</font></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">(6.3%)</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">(42.8%)</font></font></td>
    <td WIDTH="3%" VALIGN="TOP" bgcolor="#CCEEFF">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#CCEEFF"><font SIZE="3">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="3">(2.8%)</font></font></td>
  </tr>
  <tr>
    <td WIDTH="57%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080" size="4">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080" size="4">
    </td>
    <td WIDTH="3%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr color="#000080" size="4">
    </td>
  </tr>
</table>
<font SIZE="3">
<b>
<p ALIGN="LEFT">&nbsp;</p>
</b>
<p ALIGN="center">18</p>
<b>
<hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Year Ended April 30, 2001
Compared to Year Ended April 30, 2000</font></p>
</b>
</font><font SIZE="3">
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Net sales for the year
ended April 30, 2001 decreased 14.9% to $495.5 million from $582.1 million for
the comparable period in 2000. Net sales in the towing and recovery equipment
segment decreased 16.3% to $313.2 million from $374.2 million for the comparable
period in 2000 as demand for the Company&#146;s towing and recovery equipment
continued to be negatively impacted by the cost pressures facing its customers.
Net sales in the towing services segment decreased 12.4% to $182.3 million from
$207.9 million for the comparable period in 2000 due primarily to the
disposition of 11 underperforming markets during fiscal 2001, as well as
declines in revenues of certain other underperforming markets.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Costs of operations for
the Company as a percentage of net sales increased to 85.4% for the year ended
April 30, 2001 compared to 84.2% for the comparable prior year. In the towing
and recovery equipment segment, costs of operations as a percentage of sales
increased from 86.4% to 87.2%. The increase as a percentage of net sales was
primarily the result of declines in sales volume as discussed above. In the
towing services segment, costs of operations as a percentage of net sales
increased to 82.3% for the year ended April 30, 2001 from 80.4% for the
comparable prior period. The increase as a percentage of net sales is due to
declines in revenue coupled with increased labor and fuel cost. The increase was
offset partially by a reduction in insurance costs due to favorable claims and a
return of premium.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Selling, general, and
administrative costs decreased 19.9% to $65.4 million from $81.7 million for the
comparable period of fiscal 2000. In the towing and recovery equipment segment,
selling, general, and administrative expenses for fiscal 2001 decreased 12.9% to
$29.0 million from $33.3 million in fiscal 2000. As a percentage of sales these
costs increased slightly from 8.9% in fiscal 2000 to 9.3% in fiscal 2001. In the
towing services segment, selling, general, and administrative expenses for the
year ended April 30, 2001 decreased 24.9% to $36.3 million from $48.4 million.
As a percentage of sales these costs decreased from 23.3% in 2000 to 19.9% in
2001. The decrease as a percentage of sales is primarily the result of
company-wide cost reduction efforts implemented in late fiscal 2000 and the
first quarter of fiscal 2001.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">During the second
quarter of fiscal 2000, the Company recorded special charges of $6.0 million for
the further rationalization of its towing services operations. These charges
include the cost of early termination of certain employment contracts and
facility leases, as well as losses on the disposal of certain excess equipment
and other property-related charges.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company
periodically reviews the carrying amount of the long-lived assets and goodwill
in both its towing services and towing equipment businesses to determine if
those assets may be recoverable based upon the future operating cash flows
expected to be generated by those assets. As a result of such review during the
fourth quarter of fiscal 2000, the Company concluded that projected cash flows
from certain Company towing services markets and certain equipment distributors
were not fully recoverable. Accordingly, the Company recorded one-time, non-cash
impairment charges of $69.1 million and $7.7 million in its towing services and
towing and recovery equipment segments, respectively.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Net interest expense
increased $2.7 million to $16.7 from $14.0 million for fiscal 2000 primarily due
to higher interest rates on the Company&#146;s line of credit facility.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Income taxes are
accounted for on a consolidated basis and are not allocated by segment. The
effective rate of the provision for income taxes was (33.0%) for fiscal 2001 and
(15.4)% for fiscal 2000. The difference is due primarily to the impact of lower
earnings and impairment charges related to non-deductible goodwill.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The
towing services segment reported an operating loss for the fiscal year of $3.9
million compared to a loss of $7.6 million, before impairment and other special
charges, the previous fiscal year.&nbsp; The loss was due to the results of
operations in underperforming markets prior to their disposition.&nbsp; During
fiscal 2001 the Company continued its efforts to reduce expenses in this
segment.&nbsp; As part of these efforts, the Company disposed of 11 markets
during fiscal 2001 and one market segment subsequent to April 30, 2001.&nbsp; The Company continues to investigate
financial alternatives with respect to the overall towing services segment to
enhance shareholder value.</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<font face="Times New Roman" size="3">
<p ALIGN="center">1</font><font face="Times New Roman">9</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

<b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Year Ended April 30, 2000
Compared to Year Ended April 30, 1999</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Net sales for the year
ended April 30, 2000 increased 10.6% to $582.1 million from $526.2 for the
comparable period in 1999. Net sales in the towing and recovery equipment
segment increased 9.2% to $374.2 million from $342.7 million for the comparable
period in 1999. The increase in net sales was primarily the result of higher
unit sales of chassis and wreckers. Sales of new products, including multi-car
carriers and slide axle trailers, also contributed to the increase in sales for
this segment. Net sales in the towing services segment increased 13.3% to $207.9
million from $183.5 million for the comparable period in 1999. The increase in
net sales was primarily the result of (i) the inclusion of a full year of sales
of towing services companies acquired in fiscal 1999, and (ii) the inclusion
since the acquisition dates in fiscal 2000 of sales from towing services
companies acquired via purchase transactions.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Costs of operations for
the Company as a percentage of net sales increased to 84.2% for the year ended
April 30, 2000 compared to 82.8% for the comparable prior year. In the towing
and recovery equipment segment, costs of operations as a percentage of net sales
decreased slightly from 86.6% to 86.4%. In the towing services segment, costs of
operations as a percentage of net sales increased to 80.4% for the year ended
April 30, 2000 from 75.7% for the comparable prior period. Increases were due to
increased labor costs of the towing operations along with associated benefits
costs, and increased fuel and other vehicle costs.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Selling, general, and
administrative costs increased 8.8% to $81.7 million from $75.1 million for the
comparable period of fiscal 1999. In the towing and recovery equipment segment,
selling, general, and administrative expenses for fiscal 2000 increased 7.4% to
$33.3 million from $31.0 million in fiscal 1999 primarily due to higher sales
volume. As a percentage of net sales these costs decreased slightly from 9.1% in
fiscal 1999 to 8.9% in fiscal 2000. In the towing services segment, selling,
general, and administrative expenses for the year ended April 30, 2000 increased
9.8% to $48.4 million from $44.1 million due to an increased revenue base. As a
percentage of net sales these costs decreased from 24.1% in 1999 to 23.3% in
2000. The decrease as a percentage of net sales is primarily the result of cost
reduction efforts on a segment-wide basis.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">During the second
quarter of fiscal 2000, the Company recorded special charges of $6.0 million for
the further rationalization of its towing services operations. These charges
include the cost of early termination of certain employment contracts and
facility leases, as well as losses on the disposal of certain excess equipment
and other property-related charges.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company
periodically reviews the carrying amount of the long-lived assets and goodwill
in both its towing services and towing and recovery equipment segments to
determine if the carrying value of such assets may be recoverable based upon the
future operating cash flows expected to be generated by those assets. In the
fourth quarter of fiscal 2000, the Company began a review of strategic
alternatives for its towing services operations including the possible disposal
of its operations in certain markets. In connection with this review, the
Company performed an evaluation of the carrying value of its long-lived assets,
including goodwill. This evaluation indicated that projected undiscounted cash
flows in certain of the Company's towing services markets and certain towing and
recovery equipment were not sufficient to fully recover the carrying value of
its goodwill and certain other long-lived assets related to such operations.
Accordingly, the Company recorded one-time, non-cash impairment charges of $69.1
million and $7.7 million in its towing services and towing and recovery
equipment segments, respectively.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Net interest expense
increased $3.1 million to $14.0 from $10.9 million for fiscal 1999 primarily due
to higher interest rates on the Company&#146;s line of credit facility.</font></p>
  <font SIZE="3">
<p>&nbsp;</p>
<font face="Times New Roman" size="3">
<p ALIGN="center">20</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

</font>

<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Income taxes are
accounted for on a consolidated basis and are not allocated by segment. The
effective rate of the provision for income taxes was (15.4)% for fiscal 2000 and
50.7% for fiscal 1999. The difference is due primarily to the impact of lower
earnings and impairment charges related to non-deductible goodwill.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The towing services
segment reported an operating loss before impairment and other special charges of
$7.6 million for
the fiscal year, compared with operating income of $0.4 million in the prior fiscal year. This loss was primarily due to continued poor
performance in a portion of this segment&#146;s markets, as well as an increase in
certain costs of operating, most significantly fuel expenses. The Company&nbsp; accelerated its efforts to aggressively reduce expenses in its towing
services segment at the corporate level, as well as in the field. The Company also
considered all alternatives to bring its underperforming towing services
markets to an acceptable level of profitability, including the possible
disposition of certain such assets. The Company continues to investigate all
financial alternatives with respect to the overall towing services segment in
order to enhance shareholder value.</font></p>
<b>
<p ALIGN="JUSTIFY">&nbsp;<font face="Times New Roman" size="3">LIQUIDITY AND CAPITAL
RESOURCES</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The Company&#146;s primary
capital requirements are for working capital, debt service, and capital
expenditures. The Company has financed its operations and growth from internally
generated funds and debt financing and, since August 1994, in part from the
proceeds from its initial public offering and its subsequent public offerings
completed in January 1996 and November 1996. The net proceeds of the public
offerings were used to repay long-term debt, including that of acquired
companies, redeem cumulative preferred stock of a wholly owned subsidiary,
increase working capital, provide funds for capital expenditures, acquisition of
businesses, and other general corporate purposes.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Cash provided by
operating activities was $21.9 million for the year ended April 30, 2001 as
compared to $8.5 million for the comparable period of 2000. The cash provided by
operating activities in fiscal 2001 was primarily the result of decreases in
accounts receivable and inventories, as well as cash generated from operations in fiscal 2001.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Cash provided by
investing activities was $8.3 million for the year ended April 30, 2001 compared
to $7.6 million used in investing activities for the comparable period in 2000.
The cash provided by investing activities was primarily from the sales of
equipment, businesses and other long-term assets in the Company&#146;s towing services segment.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Cash used in financing
activities was $29.1 million for the year ended April 30, 2001 compared to $4.0
million for the year ended April 30, 2000. The
cash was primarily used to reduce long-term debt obligations of $26.0 million.</font></p>
  <p ALIGN="left" style="text-indent: 60"><font face="Times New Roman" size="3">At
  April 30, 2001, the Company had a credit facility of $119.0 million (the
  &#147;Credit Facility&#148;), which consists of a revolving credit facility of
  $100.0 million and $19.0 million of borrowings under a term loan. The Credit
  Facility is used for working capital and other general corporate purposes. At
  the end of fiscal 2001, $100.0 million was outstanding under the Credit
  Facility. Under the terms of the Credit Facility agreement, total availability
  is based on a formula of eligible accounts receivable, inventory, and fixed
  assets.</font></p>
  <p ALIGN="left" style="text-indent: 60"><font face="Times New Roman" size="3">Borrowings
  under the revolving credit facility bear interest at LIBOR plus an applicable
  margin that varies from 2.50% to 4.75% based on a pricing grid that is a
  function of the ratio of the Company&#146;s debt to earnings before income taxes,
  depreciation, and amortization (9.21% at April 30, 2001). Borrowings under the
  term loan bear interest at LIBOR plus 8.00% (12.46% at April 30, 2001). The
  Company is required to pay certain fees on the unused portion of the credit
  facility and the outstanding balance of the term loan.</font><font SIZE="3"></p>
<p>&nbsp;</p>
<font face="Times New Roman" size="3">
<p ALIGN="center">21</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

  </font>
  <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="3">The
  Credit Facility is secured by all assets of the Company, including real
  property, equipment and vehicles. The Credit Facility contains restrictions on
  capital expenditures, requirements related to monthly collateral reporting,
  maintaining minimum quarterly levels of earnings before income taxes,
  depreciation, and amortization, and limits on the ratio of total funded
  indebtedness to earnings before income taxes, depreciation, and amortization.</font></p>
  <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="3">The
  Credit Facility requires that there be certain mandatory prepayments of the
  Credit Facility and reductions of the revolving credit facility if the Company
  or any of its subsidiaries make certain asset dispositions, debt offerings or
  equity offerings. The Credit Facility also requires that the Company
  retain a financial advisor, which it engaged during the second quarter of
  fiscal 2001, to advise in the evaluation of possible sales of assets.</font></p>
  <font SIZE="3">
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="3">In
July 2001, the Company entered into a new four year senior secured credit
facility with a syndicate of lenders to replace the Credit Facility. As a part
of this agreement, the Credit Facility was reduced with proceeds from the new
senior facility and amended to provide for a $14.0 million subordinated secured
facility. The new senior facility consists of a $102.0 million revolving credit
facility and an $8.0 million term loan. Availability under the revolving credit
facility is based on a formula of eligible accounts receivable, inventory and
fleet vehicles. Borrowings under the term loan are secured by the Company&#146;s
property, plant and equipment. The Company is required to make monthly
amortization payments on the term loan of $167,000. The senior facility bears
interest at the option of the Company at either the rate of LIBOR plus 2.75% or
prime rate (as defined) plus 0.75% on the revolving portion and LIBOR plus 3.0%
or prime rate (as defined) plus 1.00% on the term portion.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="3">The
new senior credit facility matures in July, 2005 and is secured by substantially
all the assets of the Company. The new credit facility contains requirements
related to maintaining minimum excess availability at all times and minimum
quarterly levels of earnings before income taxes, depreciation and amortization
(as defined) and a minimum quarterly fixed charge coverage ratio (as defined).
In addition, the facility contains restrictions on capital expenditures,
incurrence of indebtedness, mergers and acquisitions, distributions and
transfers and sales of assets. The new senior credit facility also contains
requirements related to weekly and monthly collateral reporting.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="3">The
new subordinated secured facility is by its terms expressly subordinated only to
the new senior secured credit facility. The subordinated credit facility matures
in July, 2003 and bears interest at 6.0% over the prime rate. The Company is
required to make quarterly amortization payments on the term loan of $875,000
beginning not later than May, 2002 provided that certain conditions are met,
including satisfying a fixed charge coverage ratio test and a minimum
availability limit. The subordinated facility is secured by certain specified
assets of the Company and by a second priority lien and security interest in
substantially all other assets of the Company. The facility contains
requirements for certain fees to be paid at six month intervals beginning in
January, 2002 based on the outstanding balance of the facility at the time. The
facility also contains provisions for the issuance of warrants for up to 0.5% of
the outstanding shares of the Company&#146;s common stock in July, 2002 and up to
an additional 1.5% in July, 2003. The number of warrants which may be issued
would be reduced pro rata as the balance of the subordinated facility is
reduced.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="3">The
new subordinated secured credit facility contains requirements for the
maintenance of certain financial covenants and imposes restrictions on capital
expenditures, incurrence of indebtedness, mergers and acquisitions,
distributions and transfers and sales of assets.</font></p>
<p>&nbsp;</p>
<font face="Times New Roman" size="3">
<p ALIGN="center">22</font></p>
<hr color="#000080">
<p ALIGN=>&nbsp;</p>

<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">On
July 25, 2001, the Company borrowed $85.0 million under the new senior credit
facility ($77.0 million under the revolving credit facility and $8.0 million
under the term loan) and $14.0 million under the subordinated secured facility.
The proceeds of these borrowings were used to repay amounts outstanding under
the Credit Facility in their entirety.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The
Company&#146;s board of directors has approved a share repurchase plan under which
the Company may repurchase up to 2,000,000 shares of its common stock from time
to time until September 30, 2001 subject to the approval of the Company&#146;s
lenders. All shares purchased under the plan during
fiscal 1999 (500,000 shares at a cost of $2.3 million) were reissued as
consideration for towing services companies acquired prior to April 30, 1999. No
shares were repurchased in fiscal 2000 or fiscal 2001.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Recent
Accounting Pronouncements</font></p>
</b>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="3">SFAS
No. 133, &#147;Accounting for Derivative Instruments and Hedging
Activities&#148;, as amended, is effective for fiscal years beginning after June
15, 2000. SFAS No. 133 establishes accounting and reporting standards requiring
that every derivative instrument (including certain derivative instruments
embedded in other contracts) be recorded in the balance sheet as either an asset
or liability measured at its fair value. SFAS No. 133 requires that changes in
the derivative&#146;s fair value be recognized currently in earnings unless
specific hedge accounting criteria are met. Special accounting for qualifying
hedges allows a derivative&#146;s gains and losses to offset related results on the
hedged item in the income statement, and requires that a company must formally
document, designate, and assess the effectiveness of transactions that receive
hedge accounting. As the Company does not have any derivative instruments as of
April 30, 2001, there will be no impact of adoption at the Company&#146;s effective
date of May 1, 2001.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="3">In
September 2000, the Emerging Issues Task Force (&#147;EITF&#148;) of the
Financial Accounting Standards Board (&#147;FASB&#148;) reached a final
consensus on Issue No. 00-10, &#147;Accounting for Shipping and Handling Fees
and Costs&#148;. EITF 00-10 is effective for fiscal year 2001 and addresses the
income statement classification of amounts charged to customers for shipping and
handling, as well as costs incurred related to shipping and handling. The
Company classifies shipping and handling costs billed to the customer as
revenues and costs incurred related to shipping and handling as cost of sales, which is
in accordance with the consensus in EITF 00-10.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="3">In
June 2001, the FASB issued SFAS No. 141, &#147;Business Combinations&quot; and
SFAS No. 142 &#147;Goodwill and Other Inangible Assets&quot; (collectively the &#147;Standards&quot;). The Standards will be effective for fiscal years
beginning after December 15, 2001. Companies with fiscal years beginning after
March 15, 2001 may early adopt, but only as of the beginning of that fiscal year
and only if all existing goodwill is evaluated for impairment by the end of that
fiscal year. SFAS No. 141 will require companies to recognize acquired
identifiable intangible assets separately from goodwill if control over the
future economic benefits of the asset results from contractual or other legal
rights or the intangible asset is capable of being separated or divided and
sold, transferred, licensed, rented, or exchanged. The Standards will require
the value of a separately identifiable intangible asset meeting any of the
criteria to be measured at its fair value. SFAS No. 142 will require that
goodwill not be amortized and that amounts recorded as goodwill be tested for
impairment. Upon adoption of SFAS No. 142, goodwill will be reduced if it
is found to be impaired. Annual impairment tests will have to be performed at
the lowest level of an entity that is a business and that can be distinguished,
physically and operationally and for internal reporting purposes, from the other
activities, operations, and assets of the entity. The Company will not early
adopt these standards, thus there will be no financial statement impact on
fiscal year 2002. Based on the current levels of goodwill, the adoption of the
Standards in fiscal 2003 would decrease annual amortization expense by
approximately $1.5 million through the elimination of goodwill amortization.
However, the Company has not yet determined the impact of the new goodwill
impairment standards.</font></p>
<p>&nbsp;</p>
<font face="Times New Roman" size="3">
<p ALIGN="center">23</font></p>
<hr color="#000080">
</font>
<p ALIGN="JUSTIFY">&nbsp;</p>
        <table border="0" width="685">
          <tr>
            <font SIZE="3">
        <b>
            <td width="91" valign="top">
        <p ALIGN="LEFT"><font SIZE="3">
<b>
<a NAME="item8"><font face="Times New Roman" size="3">ITEM 8.</font>
</a></b>
</font>
              </p>
            </td>
            <td width="580">
        <p ALIGN="LEFT"><font SIZE="3"><b><a NAME="item8"><font face="Times New Roman" size="3">FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA</font>
</a></b>
</font>
              </p>
            </td>
        </b>
</font>
          </tr>
        </table>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The response to this
item is included in Part IV, Item 14 of this Report.</font></p>
        <b>
        <table border="0" width="685">
          <tr>
            <td width="91" valign="top">
        <p ALIGN="LEFT"><font SIZE="3">
        <b>
        <font face="Times New Roman" size="3"><a NAME="item9">ITEM 9</a>.</font>
        </b>
</font>
              </p>
            </td>
            <td width="580">
        <p ALIGN="LEFT"><font SIZE="3"><b><font face="Times New Roman" size="3"><a NAME="item9">CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON </a>ACCOUNTING AND
        FINANCIAL DISCLOSURE</font>
        </b>
</font>
              </p>
            </td>
          </tr>
        </table>
        </b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Not applicable.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">PART III</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
        <table border="0" width="685">
          <tr>
            <font SIZE="3">
            <td width="91" valign="top">
        <p ALIGN="LEFT"><font SIZE="3">
<b>
<a NAME="item10"><font face="Times New Roman" size="3">ITEM
10.</font>
</a></b>
</font>
              </p>
            </td>
            <td width="580">
        <p ALIGN="LEFT"><font SIZE="3"><b><a NAME="item10"><font face="Times New Roman" size="3">DIRECTORS
        AND EXECUTIVE OFFICERS OF THE REGISTRANT</font></a></b>
</font>
              </p>
            </td>
</font>
          </tr>
        </table>
  </b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The information
contained under the headings &#147;PROPOSAL 1: ELECTION OF DIRECTORS&quot; and &#147;COMPLIANCE WITH SECTION 16(A) OF THE SECURITIES AND EXCHANGE ACT OF
1934&quot; in the definitive Proxy Statement used in connection with the
solicitation of proxies for the Registrant&#146;s Annual Meeting of Shareholders to
be filed with the Commission, is hereby incorporated herein by reference.
Pursuant to Instruction 3 to Paragraph (b) of Item 401 of Regulation S-K,
information relating to the executive officers of the Registrant is included in
Item 1 of this Report.</font></p>
        <table border="0" width="685">
          <tr>
            <font SIZE="3">
<b>
            <td width="91" valign="top">
        <p ALIGN="LEFT"><font SIZE="3">
<b>
<a NAME="item11"><font face="Times New Roman" size="3">ITEM
11.&nbsp;</font>
</a></b>
</font>
              </p>
            </td>
            <td width="580">
        <p ALIGN="LEFT"><font SIZE="3"><b><a NAME="item11"><font face="Times New Roman" size="3">EXECUTIVE COMPENSATION</font>
</a></b>
</font>
              </p>
            </td>
</b>
</font>
          </tr>
        </table>
<b>
  </b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The information
contained under the heading &#147;EXECUTIVE COMPENSATION&quot; in the definitive
Proxy Statement used in connection with the solicitation of proxies for the
Registrant&#146;s Annual Meeting of Shareholders to be filed with the Commission,
is hereby incorporated herein by reference. Pursuant to Instruction 3 to
Paragraph (b) of Item 401 of Regulation S-K, information relating to the
executive officers of the Registrant is included in Item 1 of this Report.</font></p>
        <b>
        <table border="0" width="685">
          <tr>
            <td valign="top" width="99">
        <p ALIGN="LEFT"><font SIZE="3">
        <b>
        <font face="Times New Roman" size="3"><a NAME="item12">ITEM 12</a>.</font>
        </b>
</font>
              </p>
            </td>
            <td width="572">
        <p ALIGN="LEFT"><font SIZE="3">
        <b>
        <font face="Times New Roman" size="3"><a NAME="item12">SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND </a>MANAGEMENT</font>
        </b>
</font>
              </p>
            </td>
          </tr>
        </table>
        </b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The information
contained under the heading &#147;SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT&quot; in the definitive Proxy Statement used in connection
with the solicitation of proxies for the Registrant&#146;s Annual Meeting of
Shareholders to be filed with the Commission, is hereby incorporated herein by
reference.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">For purposes of
determining the aggregate market value of the Registrant&#146;s voting stock held
by nonaffiliates, shares held by all current directors and executive officers of
the Registrant have been excluded. The exclusion of such shares is not intended
to, and shall not, constitute a determination as to which persons or entities
may be &quot;affiliates&quot; of the Registrant as defined by the Securities and
Exchange Commission.</font></p>
<b>
<p ALIGN="JUSTIFY">&nbsp;</p>
        <table border="0" width="685">
          <tr>
            <font SIZE="3">
            <td valign="top" width="99">
        <p ALIGN="LEFT"><font SIZE="3">
<b>
<a NAME="item13"><font face="Times New Roman" size="3">ITEM
13.</font>
</a></b>
</font>
              </p>
            </td>
            <td width="572">
        <p ALIGN="LEFT"><font SIZE="3"><b><a NAME="item13"><font face="Times New Roman" size="3">CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS</font>
</a></b>
</font>
              </p>
            </td>
</font>
          </tr>
        </table>
  </b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">None.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">24</p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">PART IV</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
    <td width="109" valign="top">
        <p ALIGN="LEFT"><font SIZE="3">
<b>
<font face="Times New Roman" size="3"><a NAME="item14">ITEM 14</a>.</font>
      </b>
</font>
      </p>
    </td>
    <td width="562">
        <p ALIGN="LEFT"><font SIZE="3">
<b>
<font face="Times New Roman" size="3"><a NAME="item14">EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM </a>8-K</font>
      </b>
</font>
      </p>
    </td>
  </tr>
</table>
      </b>
      <p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<blockquote>
  <blockquote>
<p ALIGN="JUSTIFY"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><font face="Times New Roman">The
following documents are filed as part of this Report:</font></p>
</blockquote>
</blockquote>
<b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements</font></p>
</b>
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<div align="center">
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="516" VALIGN="TOP"><b><u><font SIZE="3">
      </font>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Description</font></u></b></td>
    <td WIDTH="88" VALIGN="TOP"><u>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Page Number in
      Report</font></u></td>
  </tr>
  <tr>
    <td WIDTH="516" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="88" VALIGN="TOP" align="center">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="516" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Report of
      Independent Public Accountants</font></td>
    <td WIDTH="88" VALIGN="TOP" align="center">
      <p align="center"><font face="Times New Roman" size="2">F-2</font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="516" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Consolidated Balance
      Sheets as of April 30, 2001 and 2000</font></td>
    <td WIDTH="88" VALIGN="TOP" align="center">
      <p align="center"><font face="Times New Roman" size="2">F-3</font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="516" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Consolidated
      Statements of Operations for the years ended April 30, 2001, 2000, and 1999</font></td>
    <td WIDTH="88" VALIGN="TOP" align="center">
      <p align="center"><font face="Times New Roman" size="2">F-5</font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="516" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Consolidated
      Statements of Shareholders&#146; Equity for the years ended April 30, 2001,
      2000, and 1999</font></td>
    <td WIDTH="88" VALIGN="TOP" align="center">
      <p align="center"><font face="Times New Roman" size="2">F-6</font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="516" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Consolidated
      Statements of Cash Flows for the years ended April 30, 2001, 2000, and
      1999</font></td>
    <td WIDTH="88" VALIGN="TOP" align="center">
      <p align="center"><font face="Times New Roman" size="2">F-7</font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="516" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="88" VALIGN="TOP" align="center">&nbsp;</td>
  </tr>
</table>
  </center>
</div>
<font SIZE="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statement
Schedules</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The following Financial
Statement Schedule for the Registrant is filed as part of this Report and should
be read in conjunction with the Consolidated Financial Statements:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<div align="center">
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="85%" VALIGN="TOP"><b><u>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Description</font></u></b></td>
    <td WIDTH="15%" VALIGN="TOP"><u>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Page Number in
      Report</font></u></td>
  </tr>
  <tr>
    <td WIDTH="85%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP" align="center">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="85%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Report of
      Independent Public Accountants</font></td>
    <td WIDTH="15%" VALIGN="TOP" align="center"><font size="2">S-1</font></td>
  </tr>
  <tr>
    <td WIDTH="85%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Schedule II -
      Valuation and Qualifying Accounts</font></td>
    <td WIDTH="15%" VALIGN="TOP" align="center"><font size="2">S-2</font></td>
  </tr>
  <tr>
    <td WIDTH="85%" VALIGN="TOP"></td>
    <td WIDTH="15%" VALIGN="TOP" align="center"></td>
  </tr>
  <tr>
    <td WIDTH="100%" VALIGN="TOP" colspan="2"><font face="Times New Roman" size="2">All schedules, except
those set forth above, have been omitted since the information required is
included in the financial statements or notes or have been omitted as not
applicable or not required.</font></td>
  </tr>
</table>
  </center>
</div>
<font SIZE="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">25</p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</font></p>
</b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">The following exhibits
are required to be filed with this Report by Item 601 of Regulation S-K:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<table BORDER="0" CELLSPACING="0" CELLPADDING="7" bordercolor="#000000" width="685">
  <tr>
    <td VALIGN="TOP" height="60" width="28">&nbsp;</td>
    <td VALIGN="BOTTOM" height="60" width="306"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Description</font></b>
    <hr color="#000000">
  </td>
    <td VALIGN="BOTTOM" height="60" width="112"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Incorporated by
      Reference to Registration File Number</font></b>
  <hr color="#000000">
</td>
    <td VALIGN="BOTTOM" height="60" width="47"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form or<br>
      Report</font></b>
<hr color="#000000">
</td>
    <td VALIGN="BOTTOM" height="60" width="49"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Date of Report</font></b>
<hr color="#000000">
</td>
    <td VALIGN="BOTTOM" height="60" width="45"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Exhibit<br>
      Number<br>
      in
      Report</font></b>
<hr color="#000000">
</td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="19" width="28"></td>
    <td VALIGN="TOP" height="19" width="306"></td>
    <td VALIGN="TOP" height="19" width="112"></td>
    <td VALIGN="TOP" height="19" width="47"></td>
    <td VALIGN="TOP" height="19" width="49"></td>
    <td VALIGN="TOP" height="19" width="45"></td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="30" width="28">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">3.1</font></td>
    <td VALIGN="TOP" height="30" width="306">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Charter of the
      Registrant (composite conformed copy)</font></td>
    <td VALIGN="TOP" height="30" width="112">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP" height="30" width="47">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10-K</font></td>
    <td VALIGN="TOP" height="30" width="49">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">April 30, 1998</font></td>
    <td VALIGN="TOP" height="30" width="45">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">3.1</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="15" width="28">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">3.2</font></td>
    <td VALIGN="TOP" height="15" width="306">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Bylaws of the
      Registrant</font></td>
    <td VALIGN="TOP" height="15" width="112">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP" height="15" width="47">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP" height="15" width="49">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP" height="15" width="45">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">3.2</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="45" width="28">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.1</font></td>
    <td VALIGN="TOP" height="45" width="306">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Settlement Letter
      dated April 27, 1994 between Miller Group, Inc. and the Management Group</font></td>
    <td VALIGN="TOP" height="45" width="112">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP" height="45" width="47">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP" height="45" width="49">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP" height="45" width="45">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.7</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="90" width="28">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.5</font></td>
    <td VALIGN="TOP" height="90" width="306">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Participants
      Agreement dated as of April 30, 1994 between the Registrant, Century
      Holdings, Inc., Century Wrecker Corporation, William G. Miller and certain
      former shareholders of Miller Group, Inc.</font></td>
    <td VALIGN="TOP" height="90" width="112">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP" height="90" width="47">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP" height="90" width="49">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP" height="90" width="45">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.11</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="60" width="28">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.20</font></td>
    <td VALIGN="TOP" height="60" width="306">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Technology Transfer
      Agreement dated March 21, 1991 between Miller Group, Inc., Verducci, Inc.
      and Jack Verducci</font></td>
    <td VALIGN="TOP" height="60" width="112">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP" height="60" width="47">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP" height="60" width="49">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP" height="60" width="45">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.26</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="45" width="28">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.21</font></td>
    <td VALIGN="TOP" height="45" width="306">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Form of
      Noncompetition Agreement between the Registrant and certain officers of
      the Registrant</font></td>
    <td VALIGN="TOP" height="45" width="112">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP" height="45" width="47">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP" height="45" width="49">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP" height="45" width="45">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.28</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="30" width="28">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.22</font></td>
    <td VALIGN="TOP" height="30" width="306">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Form of Nonexclusive
      Distributor Agreement</font></td>
    <td VALIGN="TOP" height="30" width="112">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP" height="30" width="47">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP" height="30" width="49">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP" height="30" width="45">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.31</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="30" width="28">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.23</font></td>
    <td VALIGN="TOP" height="30" width="306">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Miller Industries,
      Inc. Stock Option and Incentive Plan**</font></td>
    <td VALIGN="TOP" height="30" width="112">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP" height="30" width="47">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP" height="30" width="49">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP" height="30" width="45">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.1</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="30" width="28">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.24</font></td>
    <td VALIGN="TOP" height="30" width="306">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Form of Incentive
      Stock Option Agreement**</font></td>
    <td VALIGN="TOP" height="30" width="112">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP" height="30" width="47">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP" height="30" width="49">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP" height="30" width="45">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.2</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="30" width="28">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.25</font></td>
    <td VALIGN="TOP" height="30" width="306">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Miller Industries,
      Inc. Cash Bonus Plan**</font></td>
    <td VALIGN="TOP" height="30" width="112">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP" height="30" width="47">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP" height="30" width="49">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP" height="30" width="45">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.3</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP" height="30" width="28">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.26</font></td>
    <td VALIGN="TOP" height="30" width="306">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Miller Industries,
      Inc. Non-Employee Director Stock Option Plan**</font></td>
    <td VALIGN="TOP" height="30" width="112">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP" height="30" width="47">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP" height="30" width="49">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP" height="30" width="45">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.4</font></td>
  </tr>
  </table>
  <P align="center"><font face="Times New Roman" size="3">26</font>&nbsp;</P>
<hr color="#000080">
  <P>&nbsp;</P>
  <table BORDER="0" CELLSPACING="0" CELLPADDING="7" bordercolor="#000000">

  <tr>
    <td VALIGN="TOP" height="60" width="28">&nbsp;</td>
    <td VALIGN="BOTTOM" height="60" width="306"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Description</font></b>
    <hr color="#000000">
  </td>
    <td VALIGN="BOTTOM" height="60" width="112"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Incorporated by
      Reference to Registration File Number</font></b>
  <hr color="#000000">
</td>
    <td VALIGN="BOTTOM" height="60" width="47"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form or<br>
      Report</font></b>
<hr color="#000000">
</td>
    <td VALIGN="BOTTOM" height="60" width="49"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Date of Report</font></b>
<hr color="#000000">
</td>
    <td VALIGN="BOTTOM" height="60" width="45"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Exhibit<br>
      Number<br>
      in
      Report</font></b>
<hr color="#000000">
</td>
</tr>

  <tr>
    <td VALIGN="TOP" height="30">
    </td>
    <td VALIGN="TOP" height="30">
    </td>
    <td VALIGN="TOP" height="30">
    </td>
    <td VALIGN="TOP" height="30">
    </td>
    <td VALIGN="TOP" height="30">
    </td>
    <td VALIGN="TOP" height="30">
    </td>
  </tr>

  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.27</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Form of Director
      Stock Option Agreement**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.5</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.28</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Employment Agreement
      dated October 14, 1993 between Century Wrecker Corporation and Jeffrey I.
      Badgley**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.29</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.29</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">First Amendment to
      Employment Agreement between Century Wrecker Corporation and Jeffrey I.
      Badgley**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">33-79430</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">S-1</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">August 1994</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.33</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.30</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Form of Employment
      Agreement between Registrant and each of Messrs. Madonia and Mish**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-K</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">April 30, 1995</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.37</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.31</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">First Amendment to
      Miller Industries, Inc. Non-Employee Director Stock Option Plan**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-K</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">April 30, 1995</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.38</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.32</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Second Amendment to
      Miller Industries, Inc. Non-Employee Director Stock Option Plan**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-K</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">April 30, 1996</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.39</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.33</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Second Amendment to
      Miller Industries, Inc. Stock Option and Incentive Plan**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-K</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">April 30, 1996</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.40</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.34</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Employment Agreement
      dated July 8, 1997 between the Registrant and William G. Miller**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-Q/A</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">July 31, 1997</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.35</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Guaranty Agreement
      Among NationsBank of Tennessee, N.A. and certain subsidiaries of
      Registrant dated January 30, 1998.</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-K</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">April 30, 1998</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.37</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.36</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Stock Pledge
      Agreement Between NationsBank of Tennessee, N.A. and the Registrant dated
      January 30, 1998.</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-K</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">April 30, 1998</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.38</font></td>
  </tr>
  </table>
  <P align="center">&nbsp;<font face="Times New Roman" size="3">27</font></P>
<hr color="#000080">
  <P>&nbsp;</P>
  <table BORDER="0" CELLSPACING="0" CELLPADDING="7" bordercolor="#000000">

  <tr>
    <td VALIGN="TOP" width="28">&nbsp;</td>
    <td VALIGN="BOTTOM" width="306"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Description</font></b>
    <hr color="#000000">
  </td>
    <td VALIGN="BOTTOM" width="112"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Incorporated by
      Reference to Registration File Number</font></b>
  <hr color="#000000">
</td>
    <td VALIGN="BOTTOM" width="47"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form or<br>
      Report</font></b>
<hr color="#000000">
</td>
    <td VALIGN="BOTTOM" width="49"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Date of Report</font></b>
<hr color="#000000">
</td>
    <td VALIGN="BOTTOM" width="45"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Exhibit<br>
      Number<br>
      in
      Report</font></b>
<hr color="#000000">
</td>
</tr>

  <tr>
    <td VALIGN="TOP">
    </td>
    <td VALIGN="TOP">
    </td>
    <td VALIGN="TOP">
    </td>
    <td VALIGN="TOP">
    </td>
    <td VALIGN="TOP">
    </td>
    <td VALIGN="TOP">
    </td>
  </tr>

  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.37</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Stock Pledge
      Agreement Between NationsBank of Tennessee, N.A. and the certain
      subsidiaries of the Registrant dated January 30, 1998.</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-K</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">April 30, 1998</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.39</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.40</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Form of
      Indemnification Agreement dated June 8, 1998 by and between the Registrant
      and each of William G. Miller, Jeffrey I. Badgley, A. Russell Chandler,
      Paul E. Drack, Frank Madonia, J. Vincent Mish, Richard H. Roberts, and
      Daniel N. Sebastian**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-Q</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">September 14, 1998</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.41</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Employment Agreement
      between the Registrant and Jeffrey I. Badgley, dated September 11, 1998**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-Q</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">December 15, 1998</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.1</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.42</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Employment Agreement
      between the Registrant and Frank Madonia, dated September 11, 1998**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-Q</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">December 15, 1998</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.3</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.50</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Agreement between
      the Registrant and Jeffrey I. Badgley, dated September 11, 1998**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-Q</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">December 15, 1998</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.4</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.51</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Agreement between
      the Registrant and Frank Madonia, dated September 11, 1998**</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">-</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form 10-Q</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">December 15, 1998</font></td>
    <td VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">10.6</font></td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.60</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Credit Agreement
      among Bank of America, N.A., The CIT Group/Business Credit, Inc. and
      Registrant and its subsidiaries dated July 23, 2001*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.61</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Security Agreement
      among the Registrant and its subsidiaries, The CIT Group/Business Credit,
      Inc. and Bank of America, N.A. dated July 23, 2001*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
  </tr>
  </table>
  <P align="center">&nbsp;</P>
  <P align="center"><font face="Times New Roman" size="3">28</font></P>
<hr color="#000080">
  <P>&nbsp;</P>
  <table BORDER="0" CELLSPACING="0" CELLPADDING="7" bordercolor="#000000" bordercolorlight="#000000">

  <tr>
    <td VALIGN="TOP" width="28">&nbsp;</td>
    <td VALIGN="BOTTOM" width="306"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Description</font></b>
    <hr color="#000000">
  </td>
    <td VALIGN="BOTTOM" width="112"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Incorporated by
      Reference to Registration File Number</font></b>
  <hr color="#000000">
</td>
    <td VALIGN="BOTTOM" width="47"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Form or<br>
      Report</font></b>
<hr color="#000000">
</td>
    <td VALIGN="BOTTOM" width="49"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Date of Report</font></b>
<hr color="#000000">
</td>
    <td VALIGN="BOTTOM" width="45"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Exhibit<br>
      Number<br>
      in
      Report</font></b>
<hr color="#000000">
</td>
</tr>

  <tr>
    <td VALIGN="TOP">
    </td>
    <td VALIGN="TOP">
    </td>
    <td VALIGN="TOP"></td>
    <td VALIGN="TOP"></td>
    <td VALIGN="TOP"></td>
    <td VALIGN="TOP"></td>
  </tr>

  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.62</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Stock Pledge
      Agreement between Registrant and The CIT Group/Business Credit, Inc. dated
      July 23, 2001*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.70</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Amended and Restated
      Credit Agreement among the Registrant, its subsidiary and Bank of America,
      N.A. dated July 23, 2001*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.71</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Promissory Note
      among Registrant, its subsidiary and SunTrust Bank dated July 23, 2001*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.72</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Promissory Note
      among Registrant, its subsidiary and AmSouth Bank dated July 23, 2001*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.73</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Promissory Note
      among Registrant, its subsidiary and Wachovia Bank, N.A. dated July 23,
      2001*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.74</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Promissory Note
      among Registrant, its subsidiary and Bank of America, N.A. dated July 23,
      2001*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">10.75</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Warrant Agreement
      dated July 23, 2001*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">21</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Subsidiaries of the
      Registrant*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">
      <p align="left">&nbsp;</p>
    </td>
    <td VALIGN="TOP">
      <p align="left">&nbsp;</p>
    </td>
    <td VALIGN="TOP">
      <p align="left"></p>
    </td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p><font face="Times New Roman" size="2">23</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Consent of Arthur
      Andersen LLP*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">24</font></td>
    <td VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Power of Attorney
      (see signature page)*</font></td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
    <td VALIGN="TOP">&nbsp;</td>
  </tr>
</table>
<font SIZE="3">
</font>
<p><font face="Times New Roman" size="2">&nbsp;</font></p>
<table border="0" width="100%" cellpadding="0">
  <tr>
    <td>
<p><font face="Times New Roman" size="2">&nbsp;&nbsp;*</font></p>
    </td>
    <td>
<p><font face="Times New Roman" size="2">Filed herewith.</font></p>
    </td>
  </tr>
  <tr>
    <td>
<p>&nbsp;&nbsp;<font face="Times New Roman" size="2">**</font></p>
    </td>
    <td>
<p><font face="Times New Roman" size="2">Management contract or
compensatory plan or arrangement.</font></p>
    </td>
  </tr>
</table>
<font SIZE="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><b>(b)</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><b>(c)</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant hereby files as exhibits to this Report the exhibits set forth in
Item 14(a)3 hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3"><b>(d)</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant hereby files as financial statement schedules to this Report the
financial statement schedules set forth in Item 14(a)2 hereof.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">29</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<p ALIGN="CENTER"><font size="3"><a NAME="oFFICE"><font face="Times New Roman"></font></a><font face="Times New Roman"><img SRC="logo.gif" WIDTH="198" HEIGHT="40"></font></font></p>
<font FACE="Book Antiqua" SIZE="3">
<p ALIGN="CENTER">&nbsp;</p>
</font><b><font COLOR="#0000ff">
<p ALIGN="CENTER"><font face="Times New Roman" size="3"><a NAME="financials"></a>Index
to Financial Statements</font></p>
</font>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
</b>
<div align="center">
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Report of
      Independent Public Accountants</font></b></td>
    <td WIDTH="18%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">F-2</font></b></td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Consolidated Balance
      Sheets April&nbsp;30, 2001 And 2000</font></b></td>
    <td WIDTH="18%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">F-3</font></b></td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Consolidated
      Statements of Operations</font></b></td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">For the Years Ended
      April&nbsp;30, 2001, 2000, And 1999</font></b></td>
    <td WIDTH="18%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">F-4</font></b></td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Consolidated
      Statements of Shareholders' Equity</font></b></td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">For the Years Ended
      April&nbsp;30, 2001, 2000, And 1999</font></b></td>
    <td WIDTH="18%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">F-5</font></b></td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Consolidated
      Statements of Cash Flows</font></b></td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">For the Years Ended
      April&nbsp;30, 2001, 2000, And 1999</font></b></td>
    <td WIDTH="18%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">F-6</font></b></td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP" HEIGHT="7">
      <p></p>
    </td>
    <td WIDTH="18%" VALIGN="TOP" HEIGHT="7">
      <p></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Notes To
      Consolidated Financial Statements</font></b></td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">April&nbsp;30, 2001
      and 2000</font></b></td>
    <td WIDTH="18%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">F-7</font></b></td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Report of
      Independent Public Accountants</font></b></td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">As To Schedule II -
      Valuation And Qualifying Accounts</font></b></td>
    <td WIDTH="18%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">S-1</font></b></td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="82%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Schedule II -
      Valuation And Qualifying Accounts</font></b></td>
    <td WIDTH="18%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">S-2</font></b></td>
  </tr>
</table>
  </center>
</div>
<font SIZE="3">
<p ALIGN="LEFT">&nbsp;</p>
</font>
<p ALIGN="center"><font size="2" face="Times New Roman">F-1</font></p>
<hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
<b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">REPORT OF INDEPENDENT
PUBLIC ACCOUNTANTS</font></p>
</b><font SIZE="3">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="LEFT"><font face="Times New Roman" size="3"><a NAME="Start"></a>To
Miller Industries, Inc.:</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">We have audited the
accompanying consolidated balance sheets of <b>Miller Industries, Inc. </b>(a
Tennessee corporation)<b> AND Subsidiaries </b>as of April&nbsp;30, 2001 and
2000, and the related consolidated statements of operations, shareholders'
equity, and cash flows for each of the three years in the period ended
April&nbsp;30, 2001. These financial statements are the responsibility of the
Company's management. Our responsibility is to express an opinion on these
financial statements based on our audits.</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">We conducted our audits in
accordance with auditing standards generally accepted in the United States.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">In our opinion, the
financial statements referred to above present fairly, in all material respects,
the financial position of Miller Industries, Inc. and subsidiaries as of
April&nbsp;30, 2001 and 2000, and the results of their operations and their cash
flows for each of the three years in the period ended April&nbsp;30, 2001 in
conformity with accounting principles generally accepted in the United States.</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <blockquote>
                    <p ALIGN="LEFT"><font face="Times New Roman" size="3">ARTHUR
                    ANDERSEN LLP</font></p>
                    <p ALIGN="LEFT">&nbsp;</p>
                    <p ALIGN="LEFT"><font face="Times New Roman">/s/ Arthur
                    Andersen LLP</font></p>
          </blockquote>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Chattanooga, Tennessee</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">July 25, 2001</font></p>
</font><font SIZE="1">
<b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
</b><p ALIGN="center"><font size="2" face="Times New Roman">F-</font></font><font size="2" face="Times New Roman">2</font></p>
<b>
<font SIZE="1">
<hr color="#000080">
</font>
<P ALIGN="CENTER"><font size="2" face="Times New Roman">MILLER INDUSTRIES, INC. AND SUSBIDIARIES<BR>
<BR>
CONSOLIDATED BALANCE SHEETS<BR>
<BR>
APRIL&nbsp;30, 2001 AND 2000</font></P>
<font SIZE="1">
<P ALIGN="CENTER">(In thousands, except share data)</P>
<P>&nbsp;</P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH=722>
<TR><TD WIDTH="207" VALIGN="TOP">
<P ALIGN="CENTER"><B><FONT SIZE=1>ASSETS</B></FONT>
</font>
  </B></TD>
<font SIZE="1">
<TD WIDTH="69" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="CENTER">2001</FONT></B></TD>
<TD WIDTH="61" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="CENTER">2000</FONT></B></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<P ALIGN="CENTER"><B><FONT SIZE=1>LIABILITIES AND SHAREHOLDERS' EQUITY</B></FONT></TD>
<TD WIDTH="55" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="CENTER">2001</FONT></B></TD>
<TD WIDTH="60" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="CENTER">2000</FONT></B></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1>
<hr color="#000080">
</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<hr color="#000080">
  </TD>
<TD WIDTH="61" VALIGN="TOP">
<hr color="#000080">
  </TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<FONT SIZE=1>
<hr color="#000080">
</FONT></TD>
<TD WIDTH="55" VALIGN="TOP">
<FONT SIZE=1>
<hr color="#000080">
</FONT></TD>
<TD WIDTH="60" VALIGN="TOP">
  <hr color="#000080">
</TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP"><DIR>

<B><FONT SIZE=1><P>CURRENT ASSETS:</DIR>
</B></FONT>
  </TD>
<TD WIDTH="69" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">

<B><FONT SIZE=1><P>CURRENT LIABILITIES:</FONT>
</B></TD>
<TD WIDTH="55" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P style="text-indent: 20">Cash and temporary<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; investments</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">$ 6,627</FONT></B></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">$ 5,990</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<FONT SIZE=1><P style="text-indent: 30">Current portion of long-term obligations</FONT></TD>
<TD WIDTH="55" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">$ 7,213</FONT></B></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">$ 15,949</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P style="text-indent: 20">Accounts receivable, net of<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;allowance&nbsp;for doubtful </FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">75,104</FONT></B></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">90,437</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<FONT SIZE=1><P style="text-indent: 30">Accounts payable</FONT></TD>
<TD WIDTH="55" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">43,064</FONT></B></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">46,177</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P style="text-indent: 30"> &nbsp;&nbsp;accounts of&nbsp;&nbsp;$2,853 and&nbsp;</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="61" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
  <p style="text-indent: 30"><font size="1">&nbsp;Accrued liabilities and other</font></p>
  </TD>
<TD WIDTH="55" VALIGN="TOP">
  <p align="right">&nbsp;<B><FONT SIZE=1>25,356</FONT></B></p>
  </TD>
<TD WIDTH="60" VALIGN="TOP">
  <p align="right">&nbsp;<FONT SIZE=1>28,428</FONT></p>
  </TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P style="text-indent: 30"> &nbsp;&nbsp;$6,509 in 2001 and 2000,&nbsp;</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="61" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP"></TD>
<TD WIDTH="55" VALIGN="TOP">
  <hr color="#000080">
  </TD>
<TD WIDTH="60" VALIGN="TOP">
  <hr color="#000080">
  </TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<p style="text-indent: 30">
<FONT SIZE=1>&nbsp;&nbsp;respectively</FONT></TD>
<TD WIDTH="69" VALIGN="TOP"></TD>
<TD WIDTH="61" VALIGN="TOP"></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
  <p style="text-indent: 30"><font size="1">&nbsp;Total current liabilities</font></p>
  </TD>
<TD WIDTH="55" VALIGN="TOP">
  <p align="right">&nbsp;<B><FONT SIZE=1>75,633</FONT></B></p>
  </TD>
<TD WIDTH="60" VALIGN="TOP">
  <p align="right">&nbsp;<FONT SIZE=1>90,554</FONT></p>
  </TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P style="text-indent: 20">Inventories, net</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">67,835</FONT></B></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">83,604</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<P></TD>
<TD WIDTH="55" VALIGN="TOP">
<hr color="#000080">
</TD>
<TD WIDTH="60" VALIGN="TOP">
<hr color="#000080">
</TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P style="text-indent: 20">Deferred income taxes</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">5,371</FONT></B></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">5,879</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<P></TD>
<TD WIDTH="55" VALIGN="TOP">
</TD>
<TD WIDTH="60" VALIGN="TOP">
</TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P style="text-indent: 20">Prepaid expenses and other</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">12,010</FONT></B></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">8,445</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<B><FONT SIZE=1><P>LONG-TERM OBLIGATIONS, less current portion</FONT></B></TD>
<TD WIDTH="55" VALIGN="TOP">
<P ALIGN="RIGHT"><b><FONT SIZE=1>99,121</b></font></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">119,319</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
  </TD>
<TD WIDTH="69" VALIGN="TOP">
<hr color="#000080">
  </TD>
<TD WIDTH="61" VALIGN="TOP">
<hr color="#000080">
  </TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
  </TD>
<TD WIDTH="55" VALIGN="TOP">
<hr color="#000080">
  </TD>
<TD WIDTH="60" VALIGN="TOP">
<hr color="#000080">
  </TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P style="text-indent: 40">Total current assets</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">166,947</FONT></B></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">194,355</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<P></TD>
<TD WIDTH="55" VALIGN="TOP">
  </TD>
<TD WIDTH="60" VALIGN="TOP">
  </TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P>&nbsp;</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
  <font SIZE="1"><B>COMMITMENTS AND CONTINGENCIES (Notes &nbsp;5, 7, 8 and 10)</B>
</font>
  </TD>
<TD WIDTH="55" VALIGN="TOP">
  </TD>
<TD WIDTH="60" VALIGN="TOP">
  </TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<B><FONT SIZE=1><P>PROPERTY, PLANT, AND EQUIPMENT, net</FONT></B></TD>
<TD WIDTH="69" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">58,564</FONT></B></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">70,284</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<P></TD>
<TD WIDTH="55" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P>&nbsp;</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<B><FONT SIZE=1><P>SHAREHOLDERS' EQUITY:</FONT></B></TD>
<TD WIDTH="55" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P>&nbsp;</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<FONT SIZE=1><P>Preferred stock, $.01 par value; 5,000,000 shares<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;authorized, none issued or outstanding</FONT></TD>
<TD WIDTH="55" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">0</FONT></B></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">0</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<B><FONT SIZE=1><P>GOODWILL, net</FONT></B></TD>
<TD WIDTH="69" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">46,736</FONT></B></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">49,530</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<FONT SIZE=1><P>Common stock, $.01 par value; 100,000,000 shares<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;authorized, 46,708,767 and 46,707,135 shares<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;issued and outstanding at 2001 and 2000, respectively</FONT></TD>
<TD WIDTH="55" VALIGN="TOP">
<B><FONT SIZE=1>
<P ALIGN="RIGHT">467</FONT></B></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1>
<P ALIGN="RIGHT">467</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P>&nbsp;</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<FONT SIZE=1><P>Additional paid-in capital</FONT></TD>
<TD WIDTH="55" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">144,714</FONT></B></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">144,707</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<B><FONT SIZE=1><P>PATENTS, TRADEMARKS, AND &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OTHER
PURCHASED<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PRODUCT RIGHTS, net</FONT></B></TD>
<TD WIDTH="69" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">834</FONT></B></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">1,009</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<FONT SIZE=1><P>Accumulated deficit</FONT></TD>
<TD WIDTH="55" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">(36,509)</FONT></B></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">(30,075)</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P>&nbsp;</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<FONT SIZE=1><P>Accumulated other comprehensive loss</FONT></TD>
<TD WIDTH="55" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">(2,139)</FONT></B></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">(1,278)</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P>&nbsp;</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">&nbsp;</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<P></TD>
<TD WIDTH="55" VALIGN="TOP">
<hr color="#000080">
  </TD>
<TD WIDTH="60" VALIGN="TOP">
<hr color="#000080">
  </TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<B><FONT SIZE=1><P>OTHER ASSETS</FONT></B></TD>
<TD WIDTH="69" VALIGN="TOP">
<P ALIGN="RIGHT"><b><font face="Times New Roman" size="1">8,206</font></b></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">8,516</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">
&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">
<FONT SIZE=1><P>&nbsp;Total shareholders' equity</FONT></TD>
<TD WIDTH="55" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">106,533</FONT></B></TD>
<TD WIDTH="60" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">113,821</FONT></TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
  </TD>
<TD WIDTH="69" VALIGN="TOP">
<hr color="#000080">
  </TD>
<TD WIDTH="61" VALIGN="TOP">
<hr color="#000080">
  </TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP"></TD>
<TD WIDTH="55" VALIGN="TOP">
  <hr color="#000080">
  </TD>
<TD WIDTH="60" VALIGN="TOP">
  <hr color="#000080">
  </TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
<FONT SIZE=1><P>&nbsp;</FONT></TD>
<TD WIDTH="69" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="RIGHT">$281,287</FONT></B></TD>
<TD WIDTH="61" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="RIGHT">$323,694</FONT></TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="55" VALIGN="TOP">&nbsp;<B><FONT SIZE=1>$281,287</font></B></TD>
<TD WIDTH="60" VALIGN="TOP">
  <p align="right">&nbsp;<FONT SIZE=1>$323,694</FONT></p>
  </TD>
</TR>
<TR><TD WIDTH="207" VALIGN="TOP">
  </TD>
<TD WIDTH="69" VALIGN="TOP">
<hr color="#000080" size="5">
  </TD>
<TD WIDTH="61" VALIGN="TOP">
<hr color="#000080" size="5">
  </TD>
<TD WIDTH="21" VALIGN="TOP" bgcolor="#000080">&nbsp;</TD>
<TD WIDTH="399" VALIGN="TOP"></TD>
<TD WIDTH="55" VALIGN="TOP">
  <hr color="#000080" size="5">
  </TD>
<TD WIDTH="60" VALIGN="TOP">
  <hr color="#000080" size="5">
  </TD>
</TR>
</TABLE>

<P>&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<b>
<P ALIGN="CENTER">The accompanying notes are an integral part of these consolidated balance sheets.</P>
<p ALIGN="LEFT">&nbsp;</p>
<P ALIGN="CENTER">&nbsp;</P>
</b>
<P ALIGN="CENTER"><font size="2">F-3</font></P>
<b>
<font SIZE="1">
<P ALIGN="CENTER">&nbsp;</P>
</font>
</b>
</font>
<b><font SIZE="3">
<font SIZE="1">
<hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
</font>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">MILLER INDUSTRIES, INC.
AND SUBSIDIARIES<br>
<br>
CONSOLIDATED STATEMENTS OF OPERATIONS<br>
<br>
FOR THE YEARS ENDED APRIL&nbsp;30, 2001, 2000, AND 1999</font></p>
</font>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">(In thousands, except
per share data)</font></p>
</b><font SIZE="4">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
</font>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="627">
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2001</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2000</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">1999</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <hr color="#000080" width="90%">
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="90%">
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <hr color="#000080" width="90%">
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">NET SALES</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 495,462&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 582,129&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 526,195&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <hr color="#000080" width="90%">
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="90%">
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <hr color="#000080" width="90%">
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">COSTS AND
        EXPENSES:</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <p align="right"><font size="2">&nbsp;</font></p>
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2"></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Costs of
          operations</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">422,944&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">489,986&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p align="right"><font face="Times New Roman" size="2">435,691&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Selling,
          general, and administrative expenses</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">65,392&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">81,669&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="right"><font face="Times New Roman" size="2">75,081&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Special charges</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p align="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">82,896&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
      <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Interest expense,
      net</font></td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">16,734&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">14,029&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="right"><font face="Times New Roman" size="2">10,945&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <hr color="#000080" width="90%">
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="90%">
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <hr color="#000080" width="90%">
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
              <p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">Total costs
              and expenses</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p align="right"><font face="Times New Roman" size="2">505,070&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">668,580&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="right"><font face="Times New Roman" size="2">521,717&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <hr color="#000080" width="90%">
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="90%">
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <hr color="#000080" width="90%">
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">(LOSS) INCOME
        BEFORE INCOME TAXES</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(9,608)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(86,451)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="right"><font face="Times New Roman" size="2">4,478&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">INCOME TAX
        (BENEFIT) PROVISION</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(3,174)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(13,308)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p align="right"><font face="Times New Roman" size="2">2,272&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <hr color="#000080" width="90%">
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="90%">
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <hr color="#000080" width="90%">
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">NET (LOSS) INCOME</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">$ (6,434)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ (73,143)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 2,206&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <hr color="#000080" width="90%" size="5">
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="90%" size="5">
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <hr color="#000080" width="90%" size="5">
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP" HEIGHT="18">
      <p></p>
    </td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="18">
      <p align="right"></p>
    </td>
    <td WIDTH="14%" VALIGN="TOP" HEIGHT="18">
      <p align="right"></p>
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2" HEIGHT="18">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP" HEIGHT="18">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">NET (LOSS) INCOME
        PER COMMON SHARE:</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="18">
      <p align="right"></p>
    </td>
    <td WIDTH="14%" VALIGN="TOP" HEIGHT="18">
      <p align="right"></p>
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2" HEIGHT="18">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
          <b>
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Basic</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">$(0.14)&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">$(1.57)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="right"><font face="Times New Roman" size="2">$0.05&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <hr color="#000080" width="90%" size="5">
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="90%" size="5">
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <hr color="#000080" width="90%" size="5">
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
      <p style="text-indent: 30"></p>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
          <b>
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Diluted</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">$(0.14)&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(1.57)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="right"><font face="Times New Roman" size="2">$0.05&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <hr color="#000080" width="90%" size="5">
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="90%" size="5">
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <hr color="#000080" width="90%" size="5">
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP" HEIGHT="17">
        <b><font SIZE="2">
        <p ALIGN="LEFT">&nbsp;
        </font></b></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="17">
      <p align="right"></p>
    </td>
    <td WIDTH="14%" VALIGN="TOP" COLSPAN="2" HEIGHT="17">
      <p align="right"></p>
    </td>
    <td WIDTH="13%" VALIGN="TOP" HEIGHT="17">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
        <b><font SIZE="2">
        </font><font face="Times New Roman" size="2">WEIGHTED AVERAGE SHARES
        OUTSTANDING:</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP" HEIGHT="24">
          <b><font SIZE="2">
          </font>
          <p style="text-indent: 30"><font face="Times New Roman" size="2">Basic</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="24"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">46,709&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP" HEIGHT="24">
      <p ALIGN="right"><font face="Times New Roman" size="2">46,694&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2" HEIGHT="24">
      <p ALIGN="right"><font face="Times New Roman" size="2">46,338&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <hr color="#000080" width="90%" size="5">
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="90%" size="5">
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <hr color="#000080" width="90%" size="5">
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
      <p style="text-indent: 30"></p>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">
          <b><font SIZE="2">
          </font>
          <p style="text-indent: 30"><font face="Times New Roman" size="2">Diluted</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">46,709&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">46,694&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="right"><font face="Times New Roman" size="2">47,266&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <hr color="#000080" width="90%" size="5">
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="90%" size="5">
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <hr color="#000080" width="90%" size="5">
    </td>
  </tr>
  <tr>
    <td WIDTH="58%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="13%" VALIGN="TOP" COLSPAN="2">
      <p align="right"></p>
    </td>
  </tr>
</table>
<font SIZE="4">
<p ALIGN="LEFT">&nbsp;</p>
</font>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">The accompanying notes
are an integral part of these consolidated statements.</font></p>
<font SIZE="1">
<p ALIGN="center"><font size="2" face="Times New Roman">F-</font></font><font size="2" face="Times New Roman">4</font></p>
<b><font SIZE="1">
<hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
</font>
</b>
<p ALIGN="CENTER">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">MILLER INDUSTRIES, INC.
AND SUBSIDIARIES<br>
<br>
CONSOLIDATED STATEMENTS OF SHAREHOLDERS&#146; EQUITY<br>
<br>
FOR THE YEARS ENDED April&nbsp;30, 2001, 2000, AND 1999<br>
</font><font face="Times New Roman" size="2">(In thousands, except
share data)</font></p>
</b>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="672">
  <tr>
    <td WIDTH="260" VALIGN="bottom">
      <p></p>
    </td>
    <td WIDTH="68" VALIGN="bottom"><b><font SIZE="1">
      </font>
      <p ALIGN="right"><font face="Times New Roman" size="1">Common<br>
      Stock&nbsp;&nbsp;&nbsp;&nbsp;</font>
      </b></td>
    <td WIDTH="83" VALIGN="bottom"><b><font SIZE="1">
      </font>
      <p ALIGN="right"><font face="Times New Roman" size="1">Additional&nbsp;&nbsp;<br>
      Paid-In&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
      Capital&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="71" VALIGN="bottom"><b><font SIZE="1">
      </font>
      <p ALIGN="right"><font face="Times New Roman" size="1">Retained&nbsp;&nbsp;&nbsp;&nbsp;<br>
      Earnings&nbsp;&nbsp;&nbsp;&nbsp;<br>
      (Accumulated<br>
      Deficit)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
      </b></td>
    <td WIDTH="100" VALIGN="bottom"><b><font SIZE="1">
      </font>
      <p ALIGN="right"><font face="Times New Roman" size="1">Accumulated<br>
      Other&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
      Comprehensive<br>
      Loss&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
      </b></td>
    <td WIDTH="78" VALIGN="bottom"><b><font SIZE="1">
      </font>
      <p ALIGN="right"><font face="Times New Roman" size="1">Total&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP" HEIGHT="9">
      <p></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="9">
      <hr color="#000080">
    </td>
    <td WIDTH="83" VALIGN="TOP" HEIGHT="9">
      <hr color="#000080">
    </td>
    <td WIDTH="71" VALIGN="TOP" HEIGHT="9">
      <hr color="#000080">
    </td>
    <td WIDTH="100" VALIGN="TOP" HEIGHT="9">
      <hr color="#000080">
    </td>
    <td WIDTH="78" VALIGN="TOP" HEIGHT="9">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
    </td>
    <td WIDTH="68" VALIGN="TOP">
    </td>
    <td WIDTH="83" VALIGN="TOP">
    </td>
    <td WIDTH="71" VALIGN="TOP">
    </td>
    <td WIDTH="100" VALIGN="TOP">
    </td>
    <td WIDTH="78" VALIGN="TOP">
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="1">BALANCE,
        April&nbsp;30, 1998</font>
      </b></td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 459&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 139,480&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 40,862&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$
      (565)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 180,236&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="68" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="1">Comprehensive
        income:</font>
    </td>
    <td WIDTH="68" VALIGN="TOP"></td>
    <td WIDTH="83" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="1">Net income</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">2,206&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">2,206&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="1">Other
          comprehensive loss, net of tax:</font>
    </td>
    <td WIDTH="68" VALIGN="TOP"></td>
    <td WIDTH="83" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="78" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="1">Foreign currency
          translation adjustments</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(274)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(274)&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="1">Comprehensive
        income</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">2,206&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(274)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">1,932&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="1">Exercise of stock
        options</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="1">1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">93&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">94&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="1">Issuance of
        1,242,167 common shares in<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;acquisitions</font>
    </td>
    <td WIDTH="68" VALIGN="TOP"><font SIZE="1">
      </font>
      <p align="right"><font face="Times New Roman" size="1"><br>
      12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP"><font SIZE="1">
      </font>
      <p ALIGN="right"><font face="Times New Roman" size="1"><br>
      7,368&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP"><font SIZE="1">
      </font>
      <p ALIGN="right"><font face="Times New Roman" size="1"><br>
      0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP"><font SIZE="1">
      </font>
      <p align="right"><font face="Times New Roman" size="1"><br>
      0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP"><font SIZE="1">
      </font>
      <p ALIGN="right"><font face="Times New Roman" size="1"><br>
      7,380&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="1">Repurchase of
        500,000 common shares</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(5)&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(2,334)&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(2,339)&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP" HEIGHT="15">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="1">BALANCE,
        April&nbsp;30, 1999</font>
      </b></td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="15">
      <p ALIGN="right"><font face="Times New Roman" size="1">467&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP" HEIGHT="15">
      <p ALIGN="right"><font face="Times New Roman" size="1">144,607&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP" HEIGHT="15">
      <p ALIGN="right"><font face="Times New Roman" size="1">43,068&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP" HEIGHT="15">
      <p ALIGN="right"><font face="Times New Roman" size="1">(839)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP" HEIGHT="15">
      <p ALIGN="right"><font face="Times New Roman" size="1">187,303&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="68" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="1">Comprehensive
        loss:</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="1">Net loss</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(73,143)&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(73,143)&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="1">Other
          comprehensive loss, net of tax:</font>
    </td>
    <td WIDTH="68" VALIGN="TOP"></td>
    <td WIDTH="83" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="1">Foreign currency
          translation adjustments</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(439)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(439)&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="1">Comprehensive loss</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="1">(73,143)&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(439)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(73,582)&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP" HEIGHT="7">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="1">Exercise of stock
        options</font>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="7">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP" HEIGHT="7">
      <p ALIGN="right"><font face="Times New Roman" size="1">100&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP" HEIGHT="7">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP" HEIGHT="7">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP" HEIGHT="7">
      <p ALIGN="right"><font face="Times New Roman" size="1">100&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP" HEIGHT="13">
      <p></p>
    </td>
    <td WIDTH="68" VALIGN="TOP" HEIGHT="13">
      <p></p>
    </td>
    <td WIDTH="83" VALIGN="TOP" HEIGHT="13">
      <p align="right"></p>
    </td>
    <td WIDTH="71" VALIGN="TOP" HEIGHT="13">
      <p align="right"></p>
    </td>
    <td WIDTH="100" VALIGN="TOP" HEIGHT="13">
      <p align="right"></p>
    </td>
    <td WIDTH="78" VALIGN="TOP" HEIGHT="13">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="1">BALANCE, April 30,
        2000</font>
      </b></td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">467&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">144,707&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(30,075)&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(1,278)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">113,821&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="68" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="83" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="71" VALIGN="TOP"></td>
    <td WIDTH="100" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="1">Comprehensive
        loss:</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="83" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="1">Net loss</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(6,434)&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(6,434)&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="1">Other
          comprehensive loss, net of tax:</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="83" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="1">Foreign currency
          translation adjustments</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(861)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(861)&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="1">Comprehensive loss</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(6,434)&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(861)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(7,295)&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="1">Exercise of stock
        options</font>
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">7&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="68" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="1">BALANCE, April 30,
        2001</font>
      </b></td>
    <td WIDTH="68" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 467&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 144,714&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="71" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$(36,509)&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="100" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$(2,139)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="78" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$106,533&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="260" VALIGN="TOP">
    </td>
    <td WIDTH="68" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
    <td WIDTH="71" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
    <td WIDTH="100" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
    <td WIDTH="78" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
  </tr>
</table>
<font SIZE="1">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;
</font>
<p align="center"><font face="Times New Roman" size="2">The accompanying notes are an
integral part of these consolidated statements.</font>
<font SIZE="1">
<p ALIGN="center"><font size="2" face="Times New Roman">F-</font></font><font size="2" face="Times New Roman">5</font></p>
<b><font SIZE="1">
<hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
</font>
</b>
<p align="center">&nbsp;</p>
<p align="center"><b>
</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">MILLER INDUSTRIES, INC.
AND SUBSIDIARIES<br>
<br>
<br>
CONSOLIDATED STATEMENTS OF CASH FLOWS<br>
<br>
FOR THE YEARS ENDED APRIL&nbsp;30, 2001, 2000, AND 1999</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">(In thousands)</font></p>
</b><font SIZE="1">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
</font>
<div align="center">
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="628">
  <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2001</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2000</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">1999</font></td>
  </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
  </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">OPERATING
        ACTIVITIES:</font>
      </b></td>
    <td WIDTH="9%" VALIGN="TOP">&nbsp;</td>
  </center>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
  </td>
  <center>
    <td WIDTH="9%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Net (loss)
          income</font>
    </td>
  </center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">$(6,434)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ (73,143)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 2,206&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Adjustments to
          reconcile net (loss) income to net cash provided by</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p style="text-indent: 25"><font face="Times New Roman" size="2">&nbsp;operating activities:</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right"></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right"></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right"></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
            <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">Depreciation
            and amortization</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">13,556&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">17,793&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">15,500&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
            <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">Asset
            impairment charges</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">76,855&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
            <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">Gain on
            disposals of property, plant, and equipment</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(543)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(713)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(837)</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
            <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">Gain on
            disposal of other long-term assets</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(357)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
            <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">Deferred
            income tax (benefit) provision&nbsp;</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(1,202)&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(12,730)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">5,054&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
            <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">Changes in
            operating assets and liabilities, net of acquired businesses:</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
              <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">Accounts
              receivable</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">14,712&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(10,741)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(10,181)</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
              <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">Inventories</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">15,032&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(6,378)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(6,209)</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
              <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">Prepaid
              expenses and other</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(3,678)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">3,580&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(9,706)</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
            <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">Other assets</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(1,997)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(59)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
              <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">Accounts
              payable</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(3,647)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">2,184&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">12,554&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP" HEIGHT="14">
              <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">Accrued
              liabilities and other</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP" HEIGHT="14"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(3,571)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP" HEIGHT="14">
      <p ALIGN="right"><font face="Times New Roman" size="2">11,872&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP" HEIGHT="14">
      <p ALIGN="right"><font face="Times New Roman" size="2">(4,906)</font></td>
  </tr>
  <center>
<tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
</tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">

    <p align="left" style="text-indent: 90"><font face="Times New Roman" size="2">Net cash provided
                by operating activities</font>
    </td>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">21,871&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">8,520&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">3,475&nbsp;</font></td>
  </tr>
  <center>
  <center>
    <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">INVESTING
        ACTIVITIES:</font>
      </b></td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Acquisition of
          businesses, net of cash acquired</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(2,413)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">(19,867)</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p style="text-indent: 20">
          <font SIZE="1">
          </font><font face="Times New Roman" size="2">Purchases of property,
          plant, and equipment</font>
          </p>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(3,622)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(8,612)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">(18,998)</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Proceeds from
          sale of property, plant, and equipment</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">3,161&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">3,328&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">6,606&nbsp;</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Proceeds from
          sale of other long-term assets</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">3,371&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Proceeds from
          sale of businesses</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">5,186&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Payments
          received on notes receivable</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">314&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">86&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">272&nbsp;</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Other</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(129)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></td>
  </tr>
  <center>
  <center>
    <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
                <p ALIGN="LEFT" style="text-indent: 90"><font face="Times New Roman" size="2">Net cash
                provided by (used in) investing activities</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">8,281&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">(7,611)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(31,987)</font></td>
  </tr>
  <center>
  <center>
    <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">FINANCING
        ACTIVITIES:</font>
      </b></td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Net (payments)
          borrowings under line of credit</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(26,000)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">1,000&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">40,000&nbsp;</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Payments on
          long-term obligations</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(3,168)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(5,194)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(7,579)</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Borrowings under
          long-term obligations</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">43&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">405&nbsp;</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Repurchase of
          common stock</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p align="right"><font face="Times New Roman" size="2">0&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">0&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(2,339)</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP" HEIGHT="5">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Proceeds from
          exercise of stock options</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP" HEIGHT="5"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">7&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP" HEIGHT="5">
      <p ALIGN="right"><font face="Times New Roman" size="2">100&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP" HEIGHT="5">
      <p ALIGN="right"><font face="Times New Roman" size="2">94&nbsp;</font></td>
  </tr>
  <center>
  <center>
    <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
                <p ALIGN="LEFT" style="text-indent: 90"><font face="Times New Roman" size="2">Net cash
                (used in) provided by financing activities</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(29,161)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(4,051)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">30,581&nbsp;</font></td>
  </tr>
  <center>
  <center>
    <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
        <b>
        <p>

        <font face="Times New Roman" size="2">EFFECT OF EXCHANGE RATE
        CHANGES ON CASH AND TEMPORARY<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INVESTMENTS</font>
      </b></p>
    </td>
    <td WIDTH="9%" VALIGN="TOP"><b><font SIZE="1">
      </font>
  </center>
    </center>
      <p ALIGN="right"><font face="Times New Roman" size="2"><br>
      (354)</font></b></td>
    <td WIDTH="9%" VALIGN="TOP"><font SIZE="1">
      </font>
      <p ALIGN="right"><font face="Times New Roman" size="2"><br>
      (199)</font></td>
    <td WIDTH="9%" VALIGN="TOP"><font SIZE="1">
      </font>
      <p align="right"><font face="Times New Roman" size="2"><br>
      (105)</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">NET CHANGE IN CASH
        AND TEMPORARY INVESTMENTS</font>
      </b></td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">637&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(3,341)</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">1,964&nbsp;</font></td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">CASH AND TEMPORARY
        INVESTMENTS, beginning of year</font>
      </b></td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">5,990&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">9,331&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">7,367&nbsp;</font></td>
  </tr>
  <center>
  <center>
    <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
      </td>
    </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">CASH AND TEMPORARY
        INVESTMENTS, end of year</font>
      </b></td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">$&nbsp;&nbsp; 6,627&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 5,990&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 9,331&nbsp;</font></td>
  </tr>
  <center>
  <center>
    <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
      </td>
    </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">SUPPLEMENTAL
        DISCLOSURE OF CASH FLOW INFORMATION:</font>
      </b></td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Cash payments
          for interest, net of amounts capitalized</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">$13,981&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 13,254&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 10,433&nbsp;</font></td>
  </tr>
  <center>
  <center>
    <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
      </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
      </td>
    </tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
    <td WIDTH="9%" VALIGN="TOP">
      <p align="right">&nbsp;</p>
</td>
  </tr>
  <center>
  <center>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 20"><font face="Times New Roman" size="2">Cash payments
          for income taxes</font>
    </td>
  </center>
</center>
    <td WIDTH="9%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">$
      &nbsp;&nbsp;&nbsp;&nbsp;690&nbsp;</font></b></td>
    <td WIDTH="9%" VALIGN="TOP" align="right">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 2,094&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP" align="right">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 5,011&nbsp;</font></td>
  </tr>
<tr>
    <td WIDTH="72%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
</tr>
  <tr>
    <td WIDTH="72%" VALIGN="TOP">
    </td>
    <td WIDTH="9%" VALIGN="TOP"></td>
    <td WIDTH="9%" VALIGN="TOP" align="right">
    </td>
    <td WIDTH="9%" VALIGN="TOP" align="right">
    </td>
  </tr>
</table>
</div>
<font SIZE="1">
<p ALIGN="left">&nbsp;</p>
  <center>
</font>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">The accompanying notes
are an integral part of these consolidated statements.</font></p>
<font SIZE="1">
<p ALIGN="center"><font size="2" face="Times New Roman">F-</font></font><font size="2" face="Times New Roman">6</font></p>
<b><font SIZE="1">
<hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
</font>
</b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">MILLER INDUSTRIES, INC.
AND SUBSIDIARIES<br>
<br>
<br>
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<br>
<br>
April&nbsp;30, 2001<br>
</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ORGANIZATION
AND NATURE OF OPERATIONS</font></p>
</center></b>
<blockquote>
  <p align="left"><font face="Times New Roman" size="3">Miller Industries, Inc.
  and subsidiaries (&#147;the Company&#148;) is an integrated provider of
  vehicle towing and recovery equipment, systems and services. The principal
  markets for the towing and recovery equipment are independent distributors and
  users of towing and recovery equipment located primarily throughout the United
  States, Canada, Europe, Asia, and the Middle East. The Company&#146;s products are
  marketed under the brand names of Century, Challenger, Holmes, Champion,
  Eagle, Jige, Boniface, Vulcan, and Chevron. The truck chassis on which towing
  and recovery equipment are installed are either purchased by Miller or
  provided by customers.</font></p>
  <p align="left"><font face="Times New Roman" size="3">The Company markets its
towing and recovery services in the United States through its wholly-owned
subsidiary RoadOne, Inc.</font></p>
</blockquote>
  <center>
<font SIZE="3">
<p ALIGN="LEFT">&nbsp;</font><font face="Times New Roman" size="3"><b>2.</b></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="3"><b>SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES</b></font></p>
<blockquote>
<p ALIGN="LEFT"><b><font face="Times New Roman" size="3">Use of Estimates in the
Preparation of Financial Statements</font></p>
</b><font SIZE="3">
<p ALIGN="LEFT"><font face="Times New Roman" size="3">The preparation of
financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.</font></p>
</font><b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Consolidation</font></p>
<font SIZE="3"></b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">The accompanying
consolidated financial statements include the accounts of Miller Industries,
Inc. and its subsidiaries. All significant intercompany transactions and
balances have been eliminated.</font></p>
<b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Cash and Temporary
Investments</font></p>
</b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Cash and temporary
investments include all cash and cash equivalent investments with original
maturities of three months or less, primarily consisting of repurchase
agreements.</font></p>
</font><b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Fair Value of Financial
Instruments</font></p>
</b><font SIZE="3">
<p ALIGN="LEFT"><font face="Times New Roman" size="3">The carrying values of
cash and temporary investments, accounts receivable, accounts payable, and
accrued liabilities are reasonable estimates of their fair values because of the
short maturity of these financial instruments. The carrying values of long-term
obligations are reasonable estimates of their fair values based on the rates
available for obligations with similar terms and maturities.</font></p>
</blockquote>
</font>
<P ALIGN="CENTER">&nbsp;</P>
<font size="2">F-7</font>
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
<p ALIGN="CENTER">&nbsp;</p>
<blockquote>
<p ALIGN="LEFT"><font face="Times New Roman" size="3"><b>Inventories</b></font></p>
<font SIZE="3">
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Inventory costs include
materials, labor, and factory overhead. Inventories are stated at the lower of
cost or market, determined on a first-in, first-out basis. Inventories at
April&nbsp;30, 2001 and 2000 consisted of the following (in thousands):</font></p>
</blockquote>
</font>
<b>
</b>
<p ALIGN="CENTER">&nbsp;<center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="494">
  <tr>
    <td WIDTH="65%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2001</font></td>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2000</font></td>
  </tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
  </tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <td WIDTH="17%" VALIGN="TOP"></td>
    <td WIDTH="17%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Chassis</font></td>
</center>
</center>
    <td WIDTH="17%" VALIGN="TOP" align="left">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 8,650&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP" align="left">
      <p ALIGN="right"><font face="Times New Roman" size="2">$15,757&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Raw materials</font></td>
</center>
</center>
    <td WIDTH="17%" VALIGN="TOP" align="left">
      <p align="right"><font face="Times New Roman" size="2">14,133&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP" align="left">
      <p ALIGN="right"><font face="Times New Roman" size="2">16,226&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Work in process</font></td>
</center>
</center>
    <td WIDTH="17%" VALIGN="TOP" align="left">
      <p ALIGN="right"><font face="Times New Roman" size="2">10,544&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP" align="left">
      <p ALIGN="right"><font face="Times New Roman" size="2">14,487&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Finished goods</font></td>
</center>
</center>
    <td WIDTH="17%" VALIGN="TOP" align="left">
      <p ALIGN="right"><font face="Times New Roman" size="2">34,508&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP" align="left">
      <p ALIGN="right"><font face="Times New Roman" size="2">37,134&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="65%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
</tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">&nbsp;</td>
</center>
</center>
    <td WIDTH="17%" VALIGN="TOP" align="left">
      <p ALIGN="right"><font face="Times New Roman" size="2">$67,835&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP" align="left">
      <p ALIGN="right"><font face="Times New Roman" size="2">$83,604&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="65%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
</tr>
</table>
</center>
<blockquote>
  <b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Property, Plant, and
  Equipment</font></p>
  </b><font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Property, plant, and
  equipment are recorded at cost. Depreciation for financial reporting purposes
  is provided using the straight-line method over the estimated useful lives of
  the assets. Accelerated depreciation methods are used for income tax reporting
  purposes. Estimated useful lives range from 20 to 30 years for buildings and
  improvements and 5 to 10 years for machinery and equipment, furniture and
  fixtures, and software costs. Expenditures for routine maintenance and repairs
  are charged to expense as incurred. Expenditures related to major overhauls
  and refurbishments of towing services equipment that extend the related useful
  lives are capitalized. Internal labor is used in certain capital projects.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Property, plant, and
  equipment at April&nbsp;30, 2001 and 2000 consisted of the following (in
  thousands):</font></p>
  </blockquote>
</font>
<p ALIGN="CENTER">&nbsp;<center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="494">
  <tr>
    <td WIDTH="65%" VALIGN="TOP" HEIGHT="18">
      <p></p>
    </td>
    <td WIDTH="17%" VALIGN="TOP" HEIGHT="18">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2001</font></td>
    <td WIDTH="17%" VALIGN="TOP" HEIGHT="18">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2000</font></td>
  </tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
  </tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Land</font></td>
</center></center>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 4,052&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 4,311&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Buildings and
      improvements</font></td>
</center></center>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">22,444&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">22,656&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Machinery and
      equipment</font></td>
</center></center>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">58,256&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">75,320&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Furniture and
      fixtures</font></td>
</center></center>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">9,724&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">10,224&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Software costs</font></td>
</center></center>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">4,707&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">4,368&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Construction in
      progress</font></td>
</center></center>
    <td WIDTH="17%" VALIGN="TOP"><b><font SIZE="3">
      <p ALIGN="right"></font></b><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">591&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="65%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
</tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">&nbsp;</td>
</center></center>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">99,183&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">117,470&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Less accumulated
      depreciation</font></td>
</center></center>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(40,619)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(47,186)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="65%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
</tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">&nbsp;</td>
</center></center>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$58,564&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 70,284&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="65%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
    <td WIDTH="17%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
</tr>
</table>
</center><b><font SIZE="3">
<p ALIGN="LEFT">&nbsp;</p>
<blockquote>
</font></b><font SIZE="3">
<p ALIGN="LEFT"><font face="Times New Roman" size="3">The Company recognized
$9,684,000, $13,898,000, and $12,565,000 in depreciation expense in 2001, 2000,
and 1999, respectively.</font></p>
<P ALIGN="CENTER">&nbsp;</P>
<font size="2">F-</font></font><font size="2">8</font><font SIZE="3">
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
<p ALIGN="CENTER">&nbsp;</p>
</font><b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Net Income Per Share</font></p>
</b><font SIZE="3">
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Basic net income per share
is computed by dividing net income by the weighted average number of common
shares outstanding. Diluted net income per share is calculated by dividing net
income by the weighted average number of common and potential dilutive common
shares outstanding. Diluted net income per share takes into consideration the
assumed exercise of outstanding stock options resulting in approximately 900,000
potential dilutive common shares for the year ended April 30, 1999. Diluted net
income per share for fiscal 2001 and 2000 does not assume exercise of any stock
options as the effect would be anti-dilutive.</font></p>
</font><b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Goodwill and Long-Lived
Assets</font></p>
</b><font SIZE="3">
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Goodwill is being
amortized on a straight-line basis over periods ranging from 20 to 40 years. The
Company periodically evaluates goodwill and long-lived assets for impairment in
accordance with Statement of Financial Accounting Standards (&quot;SFAS&quot;)
No. 121, &quot;Accounting for the Impairment of Long-Lived Assets and Long-Lived
Assets to be Disposed Of&quot;. SFAS No. 121 requires the carrying value of
long-lived assets and certain intangibles be reviewed for impairment when events
or circumstances exist that indicate the carrying amount of the related assets
may not be recoverable. Accumulated amortization of goodwill was $4,550,000 and
$3,073,000 at April&nbsp;30, 2001 and 2000, respectively. Amortization expense
for 2001, 2000, and 1999 was $1,556,000, $2,791,000, and $2,476,000,
respectively.</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">During the fourth quarter
of fiscal 2000, the Company wrote-off goodwill and long-lived assets of
$7,737,000 associated with the towing and recovery equipment segment, and
$69,118,000 associated with the towing services segment in accordance with SFAS
No. 121 (see Note 4). Management believes its long-lived assets are
appropriately valued following the impairment charges discussed in Note 4.</font></p>
</font><b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Patents, Trademarks, and
Other Purchased Product Rights</font></p>
</b><font SIZE="3">
<p ALIGN="LEFT"><font face="Times New Roman" size="3">The cost of acquired
patents, trademarks, and other purchased product rights is capitalized and
amortized using the straight-line method over various periods not exceeding 20
years. Total accumulated amortization of these assets at April&nbsp;30, 2001 and
2000 was $961,000 and $788,000, respectively. Amortization expense for 2001,
2000, and 1999 was $173,000, $134,000 and $152,000, respectively.</font></p>
<P ALIGN="CENTER">&nbsp;</P>
<font size="2">F-</font></font><font size="2">9</font><font SIZE="3">
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
<p ALIGN="LEFT">&nbsp;</p>
</font><b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Deferred Financing Costs</font></p>
</b><font SIZE="3">
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Deferred financing costs
are included in other assets and are amortized over the terms of the respective
obligations.&nbsp; Total accumulated amortization of deferred financing costs at April 30, 2001 and 2000
was $2,968,000 and $841,000 respectively.&nbsp; Amortization expense for 2001,
2000, and 1999 was $2,127,000, $961,000, and $287,000 respectively, and is
included in interest expense in the accompanying consolidated statements of
operations.</font></p>
</font><b>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Accrued Liabilities and
Other</font></p>
</b><font SIZE="3">
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Accrued liabilities and
other consisted of the following at April&nbsp;30, 2001 and 2000 (in thousands):</font></p>
</blockquote>
</font>
<p ALIGN="CENTER">&nbsp;<center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="495">
  <tr>
    <td WIDTH="314" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="92" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2001</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2000</font></td>
  </tr>
  <tr>
    <td WIDTH="314" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="92" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
  </tr>
  <tr>
    <td WIDTH="314" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Accrued wages,
        commissions, bonuses,<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and benefits</font>
    </td>
</center>
</center>
    <td WIDTH="92" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$12,665&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$13,013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="314" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Accrued income
        taxes</font>
    </td>
</center>
</center>
    <td WIDTH="92" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">635&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">182&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="314" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Accrued
        rationalization charges</font>
    </td>
</center>
</center>
    <td WIDTH="92" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">2,023&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">4,459&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="314" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Other</font>
    </td>
</center>
</center>
    <td WIDTH="92" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">10,033&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">10,774&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="314" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="92" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
    <td WIDTH="83" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
</tr>
  <tr>
    <td WIDTH="314" VALIGN="TOP">&nbsp;</td>
</center>
</center>
    <td WIDTH="92" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$25,356&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="83" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$28,428&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="314" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="92" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
    </td>
    <td WIDTH="83" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
    </td>
  </tr>
</table>
</center>
<blockquote>
  <b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Stock-Based Compensation</font></p>
  </b><p ALIGN="LEFT"><font face="Times New Roman" size="3">The Company accounts
  for its stock-based compensation plans under Accounting Principles Board
  Opinion No. 25,&nbsp;&#147;Accounting for Stock Issued to Employees&#148;.
  &nbsp;The Company has adopted the disclosure
   option of SFAS No. 123, &#147;Accounting for Stock-Based Compensation&#148;.&nbsp;  Accordingly, no compensation
  cost has been recognized for stock option grants since the options have exercise prices equal to
   the market value of the common stock at the date of grant.</font></p>
  <b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Product Warranty</font></p>
  </b><font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The Company provides a
  one-year limited product and service warranty on certain of its products. The
  Company provides for the estimated cost of this warranty at the time of sale.
  Warranty expense for 2001, 2000, and 1999 was $2,126,000, $2,079,000, and
  $1,719,000, respectively.</font></p>
  </font><b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Credit Risk</font></p>
  </b><font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Financial instruments
  that potentially subject the Company to significant concentrations of credit
  risk consist principally of cash investments and trade accounts receivable.
  The Company places its cash investments with high-quality financial
  institutions and limits the amount of credit exposure to any one institution.
  The Company's trade receivables are primarily from independent distributors of
  towing and recovery equipment and towing service customers, and such
  receivables are generally not collateralized. The Company monitors its
  exposure for credit losses and maintains allowances for anticipated losses.</font></p>
  </font><b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Revenue Recognition</font></p>
  </b><font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Revenue is recorded by
  the Company when equipment is shipped to independent distributors or other
  customers. Revenue from towing services is recognized when services are
  performed.</font></p>
<P ALIGN="CENTER">&nbsp;</P>
  <font size="2">F-</font></font><font size="2">10</font><font SIZE="3">
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
  <p ALIGN="CENTER">&nbsp;</p>
  </font><b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Recent Accounting
  Pronouncements</font></p>
  </b><font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3"> SFAS No. 133, &quot;Accounting for
  Derivative Instruments and Hedging Activities&quot;, as amended, is effective
  for fiscal years beginning after June 15, 2000. SFAS No. 133 establishes
  accounting and reporting standards requiring that every derivative instrument
  (including certain derivative instruments embedded in other contracts) be
  recorded in the balance sheet as either an asset or liability measured at its
  fair value. SFAS No. 133 requires that changes in the derivatives fair
  value be recognized currently in earnings unless specific hedge accounting
  criteria are met. Special accounting for qualifying hedges allows a derivative&#146;s
  gains and losses to offset related results on the hedged item in the income
  statement, and requires that a company must formally document, designate, and
  assess the effectiveness of transactions that receive hedge accounting. &nbsp;As the Company does not have any derivative instruments as of April
  30, 2001, there will be no impact of adoption at the Company&#146;s effective
  date of May 1, 2001.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">In September 2000, the
  Emerging Issues Task Force (&quot;EITF&quot;) of the Financial Accounting
  Standards Board (&quot;FASB&quot;) reached a final consensus on Issue No.
  00-10, &quot;Accounting for Shipping and Handling Fees and Costs&quot;. &nbsp;EITF
  00-10 is effective for fiscal year 2001 and addresses the income statement
  classification of amounts charged to customers for shipping and handling, as
  well as costs incurred related to shipping and handling. The Company classifies
  shipping and handling costs billed to the customer as revenues and costs
  incurred related to shipping and handling as cost of sales, which is in accordance with
  the consensus in EITF 00-10.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">In June 2001, the FASB
  issued SFAS No. 141, &quot;Business Combinations&quot; and SFAS No. 142
  &quot;Goodwill and Other Intangible Assets&quot; (collectively the
  &quot;Standards&quot;). The Standards will be effective for fiscal years
  beginning after December 15, 2001.&nbsp; Companies with fiscal years beginning
  after March 15, 2001 may early adopt, but only as of the beginning of that
  fiscal year and only if all existing goodwill is evaluated for impairment by
  the end of that fiscal year. SFAS No. 141 will require companies to recognize
  acquired identifiable intangible assets separately from goodwill if control
  over the future economic benefits of the asset results from contractual or
  other legal rights or the intangible asset is capable of being separated or
  divided and sold, transferred, licensed, rented, or exchanged. The Standards
  will require the value of a separately identifiable intangible asset meeting
  any of the criteria to be measured at its fair value. SFAS No. 142 will
  require that goodwill not be amortized,&nbsp; and that amounts recorded as goodwill be tested for
  impairment. Upon adoption of SFAS No. 142, goodwill will be reduced if it
  is found to be impaired. Annual impairment tests will have to be performed at the lowest level of an
  entity that is a business and that can be distinguished, physically and
  operationally and for internal reporting purposes, from the other activities,
  operations, and assets of the entity. The Company will not early adopt these
  standards, thus there will be no financial statement impact in fiscal year
  2002.&nbsp; Based on the current levels of goodwill, the adoption of the
  Standards in fiscal 2003 would decrease annual amortization expense by approximately $1.5
  million through the elimination of goodwill amortization.&nbsp; However, the
  Company has not yet determined the impact of the new goodwill impairment
  standards.</font></p>
  <b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Reclassifications</font></p>
  </b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Certain
  reclassifications have been made to prior years&#146; financial information to
  conform with the 2001 presentation.</font></p>
  </font>
  </blockquote>
<b>
<P ALIGN="CENTER">&nbsp;</P>
  <font size="2"></font>
  </b>
<font size="2">F-11</font><b>
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
  <p ALIGN="CENTER">&nbsp;</p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BUSINESS
  COMBINATIONS</font></p>
  </b>
<blockquote>
  <font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">All businesses acquired
  through April 30, 2001 which were accounted for under the purchase method of
  accounting are included in the accompanying consolidated financial statements
  from the dates of acquisition. Any excess of the aggregate purchase price over
  the estimated fair value of identifiable net assets acquired has been
  recognized as a component of goodwill in the accompanying consolidated
  financial statements.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">During fiscal 1999, the
  Company purchased 35 towing services companies for an aggregate purchase price
  of $29,571,000, which consisted of $21,305,000 in cash, $950,000 in promissory
  notes and $7,316,000 (1,232,905 shares) of common stock. &nbsp;The excess of the aggregate
  purchase price over the estimated fair value of identifiable net assets
  acquired was approximately $20,058,000.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">During fiscal 2000, the
  Company purchased three towing services companies for an aggregate purchase
  price of $3,392,000, which consisted of $2,434,000 in cash and $958,000 in
  promissory notes.&nbsp; The excess of the aggregate purchase price over the
  estimated fair value of identifiable net assets acquired was approximately
  $2,222,000.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The following unaudited
  pro forma summary combines the results of operations of all 1999 purchase
  combinations and the Company as if these combinations had occurred at the
  beginning of fiscal 1999, after giving effect to certain adjustments,
  including amortization of intangible assets and related income tax effects.
  The pro forma effect of the fiscal 2000 acquisitions is not material. The pro
  forma summary does not necessarily reflect the results of operations as they
  would have been if the Company and these acquisitions had constituted a single
  entity during these periods (in thousands, except per share data).</font></p>
  </blockquote>
</font>
<p ALIGN="LEFT">&nbsp;
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="539">
  <tr>
    <td WIDTH="234" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="301" VALIGN="TOP" COLSPAN="2">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">1999</font>
      <hr color="#000080" width="93%">
    </td>
  </tr>
  <tr>
    <td WIDTH="234" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="140" VALIGN="TOP">
      <p ALIGN="CENTER"><font size="2"><br>
      <br>
      <font face="Times New Roman">As Reported</font></font></p>
    </td>
    <td WIDTH="159" VALIGN="TOP">
      <p ALIGN="center"><font face="Times New Roman" size="2">Pro<br>
      Forma<br>
      (Unaudited)</font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="234" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="140" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="159" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
  </tr>
  <tr>
    <td WIDTH="234" VALIGN="TOP">
        <p ALIGN="CENTER"><font face="Times New Roman" size="2">Net sales</font>
    </td>
    <td WIDTH="140" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$526,195</font></td>
    <td WIDTH="159" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$542,167</font></td>
  </tr>
  <tr>
    <td WIDTH="234" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="140" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
    </td>
    <td WIDTH="159" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
    </td>
  </tr>
  <tr>
    <td WIDTH="234" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="140" VALIGN="TOP">
    </td>
    <td WIDTH="159" VALIGN="TOP">
    </td>
  </tr>
  <tr>
    <td WIDTH="234" VALIGN="TOP">
      <blockquote>
        <p ALIGN="CENTER"><font face="Times New Roman" size="2">Net income</font>
      </blockquote>
    </td>
    <td WIDTH="140" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$&nbsp; &nbsp;2,206</font>
      <hr color="#000080" width="93%" size="5">
    </td>
    <td WIDTH="159" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$
      &nbsp;&nbsp;&nbsp;3,957</font>
      <hr color="#000080" width="93%" size="5">
    </td>
  </tr>
  <tr>
    <td WIDTH="234" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="140" VALIGN="TOP">
    </td>
    <td WIDTH="159" VALIGN="TOP">
    </td>
  </tr>
  <tr>
    <td WIDTH="234" VALIGN="TOP">
      <blockquote>
        <p ALIGN="CENTER"><font face="Times New Roman" size="2">Diluted net
        income per share</font>
      </blockquote>
    </td>
    <td WIDTH="140" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.05</font>
      <hr color="#000080" width="93%" size="5">
    </td>
    <td WIDTH="159" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.08</font>
      <hr color="#000080" width="93%" size="5">
    </td>
  </tr>
</table>
</center>
  <b>
  <p align="left">&nbsp;
  <p align="left"><font face="Times New Roman" size="3">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPECIAL
  CHARGES AND DISPOSITIONS OF TOWING SERVICES ASSETS</font></p>
  <center>
  <blockquote>
  </b><font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">During fiscal 2000, the
  Company recorded special charges for asset impairments and the rationalization
  of certain operations, as follows (in thousands):</font></p>
  </blockquote>
</font>
<P ALIGN="CENTER">&nbsp;</P>
  <font size="2">F-12</font>
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
  <p ALIGN="CENTER">&nbsp;</p>
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="333">
  <tr>
    <td WIDTH="271" VALIGN="TOP" HEIGHT="24">
      <p></p>
    </td>
    <td WIDTH="58" VALIGN="TOP" HEIGHT="24">
      <p></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="271" VALIGN="TOP" HEIGHT="23">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Impairment of
      goodwill</font></td>
    <td WIDTH="58" VALIGN="TOP" HEIGHT="23">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      55,509</font></td>
  </tr>
  <tr>
    <td WIDTH="271" VALIGN="TOP" HEIGHT="23">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Impairment of other
      long-lived assets&nbsp;</font></p>
    </td>
    <td WIDTH="58" VALIGN="TOP" HEIGHT="23">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2">21,346</font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="271" VALIGN="TOP" HEIGHT="19">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Rationalization of
        operations</font>
    </td>
    <td WIDTH="58" VALIGN="TOP" HEIGHT="19">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2">6,041</font>
      <hr color="#000080" width="93%">
    </td>
  </tr>
  <tr>
    <td WIDTH="271" VALIGN="TOP" HEIGHT="23"><font SIZE="3">
      <p ALIGN="LEFT">&nbsp;</p>
      </font></td>
    <td WIDTH="58" VALIGN="TOP" HEIGHT="23">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2">$&nbsp;&nbsp;&nbsp;&nbsp;
      82,896</font>
      <hr color="#000080" width="93%" size="5">
    </td>
  </tr>
</table>
</center><font SIZE="3">
<p ALIGN="LEFT">&nbsp;</p>
<blockquote>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">During the second
  quarter of fiscal 2000, the Company announced plans to rationalize its towing
  services operations. The Company recorded pretax, special charges of $6,041,000
  for costs related to the rationalization. These charges include approximately
  $4,589,000 for the cost of early termination of certain employment contracts,
  approximately $857,000 for the cost of early termination of facility leases
  and $595,000 for losses on the disposal of certain excess equipment and other
  property-related charges. At April 30, 2001, execution of the rationalization
  plan was complete and approximately $4,018,000 had been charged against the
  related reserves. The remaining reserve will be utilized as payments are made
  under the terms of employment termination agreements and facility leases.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The Company periodically
  reviews the carrying amount of long-lived assets and goodwill in both its
  towing services and towing equipment segments to determine if those assets may
  be recoverable based upon the future operating cash flows expected to be
  generated by those assets. As a result of such review during the fourth
  quarter of fiscal 2000, the Company concluded that the carrying value of such
  assets in certain towing services markets and certain assets within the
  Company&#146;s towing and recovery equipment segment were not fully recoverable.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">An impairment charge of
  $50,542,000 was recorded in the fourth quarter of 2000 to write-down the
  goodwill in certain towing services markets to its estimated fair value.
  Additionally, charges of $18,576,000 were recorded to write-down the carrying
  value of certain fixed assets (primarily property and equipment) in related
  markets to estimated fair value. The Company determined fair value for these
  assets on a market by market basis taking into consideration various factors
  affecting the valuation in each market.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The Company also
  reviewed the carrying values of the goodwill associated with certain
  investments within its towing and recovery equipment segment. This evaluation
  indicated that the recorded amounts of goodwill for certain of these
  investments were not fully recoverable. An impairment charge of $4,967,000 was
  recorded to reduce the carrying amount of the goodwill to estimated fair
  value. The Company also recorded $2,770,000 of additional costs related to the
  write-down of the carrying value of other long-lived assets of its towing and
  recovery equipment segment in the fourth quarter of fiscal 2000.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">In fiscal 2001, the
  Company continued its efforts to reduce expenses in
  the towing services segment.&nbsp; As a part of these
  efforts, the Company disposed of assets in 11 markets during fiscal 2001.
  Total proceeds from these sales were approximately $5,186,000. No significant
  gains or losses were realized upon the sale of these assets. Subsequent to
  April 30, 2001, the Company sold assets in one additional underperforming
  market, as well as certain other fixed assets, for proceeds of approximately
  $471,000. The Company continues to investigate financial alternatives with
  respect to the overall towing services segment.</font></p>
<P ALIGN="CENTER">&nbsp;</P>
  <font size="2">F-</font></font><font size="2">13</font><font SIZE="3">
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
<p ALIGN="CENTER">&nbsp;</p>
  <p ALIGN="LEFT">&nbsp;</p>
</font><b>
</blockquote>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LONG-TERM
OBLIGATIONS AND LINE OF CREDIT</font></p>
  </b>
<blockquote>
  <b>
<font SIZE="3">
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Long-Term Obligations</font></p>
</font></b><font SIZE="3">
<p ALIGN="LEFT"><font face="Times New Roman" size="3">Long-term obligations
consisted of the following at April&nbsp;30, 2001 and 2000 (in thousands):</font></p>
</blockquote>
</font>
<p ALIGN="RIGHT">&nbsp;
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="599">
  <tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2001</font></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2000</font></td>
  </tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
  </tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
    </td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Outstanding
        borrowings under line of credit</font>
    </td>
  </center>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$100,000&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$126,000&nbsp;&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"></p>
</td>
    <td WIDTH="14%" VALIGN="TOP">
      <p align="right"></p>
</td>
  </tr>
  <center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Mortgage notes
        payable, weighted average interest rate of 5.61%,</font></td>
    <td WIDTH="13%" VALIGN="TOP"><font SIZE="3">
      </font></center></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="3">
      </font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
      <p style="text-indent: 30"><font face="Times New Roman" size="2"> payable in monthly
        installments, maturing 2003 to 2011</font>
    </td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">2,568&nbsp;&nbsp;&nbsp;</font></p>
    </td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">2,909&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
    &nbsp;
    </td>
    <td WIDTH="13%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="14%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Equipment notes
        payable, weighted average interest rate of 12.51%,&nbsp;</font>
    </td>
    <td WIDTH="13%" VALIGN="TOP"><b><font SIZE="3">
      </font></b></center></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="3">
      </font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP" HEIGHT="22">
      <p style="text-indent: 30"><font face="Times New Roman" size="2"> payable in monthly
        installments, maturing 2002 to 2005</font>
      </p>
    </td>
</center>
    <td WIDTH="13%" VALIGN="TOP" HEIGHT="22">
      <p ALIGN="right"><font face="Times New Roman" size="2">926&nbsp;&nbsp;&nbsp;</font>
    </td>
    <td WIDTH="14%" VALIGN="TOP" HEIGHT="22">
      <p ALIGN="right"><font face="Times New Roman" size="2">3,083&nbsp;&nbsp;</font>
    </td>
  </tr>
  <center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP" HEIGHT="22">
    </td>
    <td WIDTH="13%" VALIGN="TOP" HEIGHT="22">
    </td>
    <td WIDTH="14%" VALIGN="TOP" HEIGHT="22">
    </td>
  </tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP" HEIGHT="22">
      <font size="2">Other notes payable</font>
    </td>
</center>
    <td WIDTH="13%" VALIGN="TOP" HEIGHT="22">
      <p align="right"><font size="2">2,840&nbsp;&nbsp;&nbsp;</font>
    </td>
    <td WIDTH="14%" VALIGN="TOP" HEIGHT="22">
      <p align="right"><font size="2">3,276&nbsp;&nbsp;</font>
    </td>
  </tr>
  <center>
<tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
</tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP" HEIGHT="22">
    </td>
</center>
    <td WIDTH="13%" VALIGN="TOP" HEIGHT="22">
      <p align="right">
    </td>
    <td WIDTH="14%" VALIGN="TOP" HEIGHT="22">
      <p align="right">
    </td>
  </tr>
  <center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP" HEIGHT="22">
    </td>
</center>
    <td WIDTH="13%" VALIGN="TOP" HEIGHT="22">
      <p align="right"><font face="Times New Roman" size="2">106,334&nbsp;&nbsp;&nbsp;</font>
    </td>
    <td WIDTH="14%" VALIGN="TOP" HEIGHT="22">
      <p align="right"><font face="Times New Roman" size="2">135,268&nbsp;</font>
    </td>
  </tr>
  <center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Less current
        portion</font>
    </td>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(7,213)&nbsp;&nbsp;</font></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(15,949)</font></td>
  </tr>
  <center>
<tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="93%">
  </td>
</tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 99,121&nbsp;&nbsp;</font></td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$119,319&nbsp;</font></td>
  </tr>
  <center>
<tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
</tr>
</table>
<blockquote>
  <font SIZE="3">
  <p ALIGN="LEFT">&nbsp;</p>
  </blockquote>
</font>
</center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="209">
</table>
  <center>
<blockquote>
  <font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Certain equipment and
  manufacturing facilities are pledged as collateral under the mortgage and
  equipment notes payable.</font></p>
  </font><b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Line of Credit</font></p>
  </b><font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">At April 30, 2001, the
  Company had a credit facility of $119.0 million (the &quot;Credit
  Facility&quot;), which consists of a revolving credit facility of $100.0 million
  and $19.0 million of borrowings under a term loan. The Credit Facility is used
  for working capital and other general corporate purposes. At the end of fiscal
  2001, $100.0 million was outstanding under the Credit Facility. Under the terms
  of the Credit Facility agreement, total availability is based on a formula of
  eligible accounts receivable, inventory, and fixed assets.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Borrowings under the
  revolving credit facility bear interest at LIBOR plus an applicable margin
  that varies from 2.50% to 4.75% based on a pricing grid that is a function of
  the ratio of the Company&#146;s debt to earnings before income taxes,
  depreciation, and amortization (9.21% at April 30, 2001). Borrowings under the
  term loan bear interest at LIBOR plus 8.00% (12.46% at April 30, 2001). The
  Company is required to pay certain fees on the unused portion of the credit
  facility and the outstanding balance of the term loan.</font></p>
<P ALIGN="CENTER">&nbsp;</P>
  <font size="2">F-</font></font><font size="2">14</font><font SIZE="3">
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
  <p ALIGN="CENTER">&nbsp;</p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The Credit Facility is
  secured by all assets of the Company, including real property, equipment and
  vehicles. The Credit Facility contains restrictions on capital expenditures,
  requirements related to monthly collateral reporting, maintaining minimum
  quarterly levels of earnings before income taxes, depreciation, and
  amortization, and limits on the ratio of total funded indebtedness to earnings
  before income taxes, depreciation, and amortization.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The Credit Facility
  requires that there be certain mandatory prepayments of the Credit Facility
  and reductions of the revolving credit facility if the Company or any of its
  subsidiaries make certain asset dispositions, debt offerings or equity
  offerings. The Credit Facility also requires that the Company retain a
  financial advisor, which it engaged during the second quarter of fiscal 2001,
  to advise in the evaluation of possible sales of assets.</font></p>
  <p ALIGN="left" style="text-indent: 0"><font face="Times New Roman" size="3">In
  July 2001, the Company entered into a new four year senior secured credit
  facility with a syndicate of lenders to replace the Credit Facility.
  As a part of this agreement, the Credit Facility was
  reduced with proceeds from the new senior facility and amended to provide for
  a $14.0 million subordinated secured facility. The new senior facility consists
  of a $102.0 million revolving credit facility and an $8.0 million term loan.
  Availability under the revolving credit facility is based on a formula of
  eligible accounts receivable, inventory and fleet vehicles. Borrowings under
  the term loan are secured by the Company&#146;s property, plant and equipment.&nbsp;
  The Company is required to make monthly amortization payments on the term loan
  of&nbsp; $167,000. The senior facility bears
  interest at the option of the Company at either the rate of LIBOR plus 2.75%
  or prime rate (as defined) plus 0.75% on the revolving portion and LIBOR
  plus 3.0% or prime rate (as defined) plus 1.00% on the term portion.</font></p>

  <p ALIGN="left" style="text-indent: 0"><font face="Times New Roman" size="3">The
  new senior credit facility matures in July, 2005 and is secured by
  substantially all the assets of the Company. The new credit facility contains
  requirements related to maintaining minimum excess availability at all times
  and minimum quarterly levels of earnings before income taxes, depreciation and
  amortization (as defined) and a minimum quarterly fixed charge coverage ratio
  (as defined). In addition, the facility contains restrictions on capital
  expenditures, incurrence of indebtedness, mergers and acquisition,
  distributions and transfers and sales of assets. The new senior credit facility also contains requirements
  related to weekly and monthly collateral reporting.</font></p>

      <p ALIGN="LEFT"><font face="Times New Roman" size="3">The new subordinated
      secured facility is by its terms expressly subordinated only to the new
      senior secured credit facility. The subordinated credit facility matures
      in July, 2003 and bears interest at 6.0% over the prime rate. The Company
      is required to make quarterly amortization payments on the term loan of
      $875,000 beginning not later than May, 2002 provided that certain
      conditions are met, including satisfying a fixed charge coverage ratio
      test and a minimum availability limit. The subordinated facility is
      secured by certain specified assets of the Company and by a second
      priority lien and security interest in substantially all other assets of
      the Company. The facility contains requirements for certain fees to be
      paid at six month intervals beginning in January, 2002 based on the
      outstanding balance of the facility at the time. The facility also
      contains provisions for the issuance of warrants for up to 0.5% of the
      outstanding shares of the Company&#146;s common stock in July, 2002 and up to
      an additional 1.5% in July, 2003. The number of warrants which may be
      issued would be reduced pro rata as the balance of the subordinated
      facility is reduced.</font></p>
<P ALIGN="CENTER">&nbsp;</P>
  <font size="2">F-</font></font><font size="2">15</font><font SIZE="3">
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
  <p ALIGN="CENTER">&nbsp;</p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">The new subordinated
      secured credit facility contains requirements for the maintenance of
      certain financial covenants and imposes restrictions on capital
      expenditures, incurrence of indebtedness, mergers and acquisitions,
      distributions and transfers and sales of assets.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">On July 25, 2001,
      the Company borrowed $85.0 million under the new senior credit facility ($77.0 million under the revolving credit facility and $8.0 million under
      the term loan) and $14.0 million under the subordinated secured facility.
      The proceeds of these borrowings were used to repay amounts outstanding
      under the Credit Facility in their entirety.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">After adjustment for
      the terms of the new senior secured credit agreement and the subordinated
      secured facility, future maturities of long-term obligations at April 30,
      2001 are as follows (in thousands):</font></p>
    </blockquote>
  <p ALIGN="CENTER">&nbsp;
  <table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="209">
    <tr>
      <td WIDTH="57%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="LEFT"><font face="Times New Roman" size="3">2002</font></font></td>
</center>
      <td WIDTH="43%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="right"><font face="Times New Roman" size="3">$ 7,213</font></font></td>
    </tr>
  <center>
    <tr>
      <td WIDTH="57%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="LEFT"><font face="Times New Roman" size="3">2003</font></font></td>
</center>
      <td WIDTH="43%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="right"><font face="Times New Roman" size="3">8,230</font></font></td>
    </tr>
  <center>
    <tr>
      <td WIDTH="57%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="LEFT"><font face="Times New Roman" size="3">2004</font></font></td>
</center>
      <td WIDTH="43%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="right"><font face="Times New Roman" size="3">13,165</font></font></td>
    </tr>
  <center>
    <tr>
      <td WIDTH="57%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="LEFT"><font face="Times New Roman" size="3">2005</font></font></td>
</center>
      <td WIDTH="43%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="right"><font face="Times New Roman" size="3">2,372</font></font></td>
    </tr>
  <center>
    <tr>
      <td WIDTH="57%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="LEFT"><font face="Times New Roman" size="3">2006</font></font></td>
</center>
      <td WIDTH="43%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="right"><font face="Times New Roman" size="3">74,681</font></font></td>
    </tr>
  <center>
    <tr>
      <td WIDTH="57%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="LEFT"><font face="Times New Roman" size="3">Thereafter</font></font></td>
</center>
      <td WIDTH="43%" VALIGN="TOP"><font SIZE="3">
        <p ALIGN="right"><font face="Times New Roman" size="3">673</font></font></td>
    </tr>
  </table>
  <center>
  <font SIZE="3">
  <p ALIGN="LEFT">&nbsp;</p>
  </font><b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Stock-based compensation plans</font></p>
  </b>
  </font>
<blockquote>
  <font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">In accordance with the
  Company's stock-based compensation </font>plans<font face="Times New Roman" size="3">,
  the Company may grant incentive stock options as well as non-qualified and
  other stock-related incentives to officers, employees, and non-employee
  directors of the Company. Options vest ratably over a two to four-year period
  beginning on the grant date and expire ten years from the date of grant.
  Shares available for granting options at April 30, 2001 and 2000 were
  approximately 1.6 million and 0.5 million, respectively.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">A summary of the
  activity of stock options during 2001, 2000, and 1999 is presented below
  (shares in thousands):</font></p>
  </blockquote>
  </font>
</center>
<p ALIGN="left">&nbsp;
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="599">
  <tr>
    <td WIDTH="36%" VALIGN="TOP" HEIGHT="19">
      <p></p>
    </td>
    <td WIDTH="21%" VALIGN="TOP" COLSPAN="2" HEIGHT="19"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">2001</font></b>
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="22%" VALIGN="TOP" COLSPAN="2" HEIGHT="19"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">2000</font></b>
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="21%" VALIGN="TOP" COLSPAN="2" HEIGHT="19"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">1999</font></b>
      <hr color="#000080" width="93%">
    </td>
  </tr>
  <tr>
    <td WIDTH="36%" VALIGN="bottom">
      <blockquote>
        <font SIZE="1">
        <p ALIGN="LEFT">&nbsp;
        </blockquote>
      </font></td>
    <td WIDTH="10%" VALIGN="bottom"><font SIZE="1">
      </font>
  </center>
      <p ALIGN="right"><font face="Times New Roman" size="1">Shares&nbsp;&nbsp;<br>
      Under&nbsp;&nbsp;<br>
      Option&nbsp;&nbsp;</font></p>
    </td>
    <td WIDTH="11%" VALIGN="bottom">
      <p ALIGN="right"><font face="Times New Roman" size="1">Weighted&nbsp;<br>
      Average&nbsp;&nbsp;<br>
      Exercise&nbsp; Price&nbsp;&nbsp;&nbsp;</font></p>
    </td>
    <td WIDTH="9%" VALIGN="bottom"><font SIZE="1">
      </font>
      <p ALIGN="right"><font face="Times New Roman" size="1">Shares&nbsp;&nbsp;<br>
      Under&nbsp;&nbsp;<br>
      Option&nbsp;&nbsp;</font></p>
    </td>
    <td WIDTH="13%" VALIGN="bottom">
      <p ALIGN="right"><font face="Times New Roman" size="1">Weighted&nbsp;&nbsp;&nbsp;<br>
      Average&nbsp;&nbsp;&nbsp;<br>
      Exercise Price</font></p>
    </td>
    <td WIDTH="10%" VALIGN="bottom"><font SIZE="1">
      </font>
      <p ALIGN="right"><font face="Times New Roman" size="1">Shares&nbsp;&nbsp;<br>
      Under&nbsp;&nbsp;<br>
      Option&nbsp;&nbsp;</font></p>
    </td>
    <td WIDTH="11%" VALIGN="bottom">
      <p ALIGN="right"><font face="Times New Roman" size="1">Weighted&nbsp;&nbsp;<br>
      Average&nbsp;&nbsp;<br>
      Exercise&nbsp;&nbsp;<br>
      Price&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
    </td>
  </tr>
  <center>
  <tr>
    <td WIDTH="36%" VALIGN="TOP">
    </td>
    <td WIDTH="10%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="11%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="10%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="11%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
  </tr>
  <tr>
    <td WIDTH="36%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="1">Outstanding at
        Beginning of Year</font>
      </b></td>
  </center>
    <td WIDTH="10%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">5,062&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$6.53&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">5,166&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$7.43&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="10%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">4,146&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 7.97&nbsp;&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="36%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="1">Granted</font>
    </td>
</center>
    <td WIDTH="10%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">498&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">1.22&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">800&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">2.92&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="10%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">1,238&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">6.44&nbsp;&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="36%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="1">Exercised</font>
    </td>
</center>
    <td WIDTH="10%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(3)&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">2.33&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(39)&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">2.55&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="10%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">(34)&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">2.48&nbsp;&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="36%" VALIGN="TOP" HEIGHT="13">
        <p ALIGN="LEFT"><font face="Times New Roman" size="1">Forfeited</font>
    </td>
</center>
    <td WIDTH="10%" VALIGN="TOP" HEIGHT="13">
      <p ALIGN="right"><font face="Times New Roman" size="1">(1,602)&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP" HEIGHT="13">
      <p ALIGN="right"><font face="Times New Roman" size="1">9.44&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP" HEIGHT="13">
      <p ALIGN="right"><font face="Times New Roman" size="1">(865)&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP" HEIGHT="13">
      <p ALIGN="right"><font face="Times New Roman" size="1">8.74&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="10%" VALIGN="TOP" HEIGHT="13">
      <p ALIGN="right"><font face="Times New Roman" size="1">(184)&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP" HEIGHT="13">
      <p align="right"><font face="Times New Roman" size="1">11.18&nbsp;&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="36%" VALIGN="TOP">
    </td>
    <td WIDTH="10%" VALIGN="TOP">
      <hr color="#000080" width="93%">
    </td>
</center>
    <td WIDTH="11%" VALIGN="TOP">
      <p align="right"></td>
  <center>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%">
</td>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"></td>
  <center>
    <td WIDTH="10%" VALIGN="TOP">
      <hr color="#000080" width="93%" align="right">
</td>
</center>
    <td WIDTH="11%" VALIGN="TOP">
      <p align="right"></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="36%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="1">Outstanding at End
        of Year</font>
      </b></td>
</center>
    <td WIDTH="10%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">3,955&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="1">$4.68&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">5,062&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$6.53&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="10%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">5,166&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 7.43&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<tr>
    <td WIDTH="36%" VALIGN="TOP">
  </td>
    <td WIDTH="10%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
</center>
    <td WIDTH="11%" VALIGN="TOP">
      <p align="right"></td>
  <center>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
</td>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"></td>
  <center>
    <td WIDTH="10%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5" align="right">
</td>
    <td WIDTH="11%" VALIGN="TOP">
      &nbsp;<font size="1">&nbsp;</font></td>
</tr>
<tr>
    <td WIDTH="36%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="1">Options
        exercisable at year end</font>
    </td>
    <td WIDTH="10%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">2,947&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$5.16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="9%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">3,337&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$6.55&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="10%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">2,683&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 6.18&nbsp;&nbsp;</font></td>
</tr>
<tr>
    <td WIDTH="36%" VALIGN="TOP">
  </td>
    <td WIDTH="10%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
    <td WIDTH="11%" VALIGN="TOP">
      <p align="right"></td>
    <td WIDTH="9%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5">
  </td>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"></td>
    <td WIDTH="10%" VALIGN="TOP">
      <hr color="#000080" width="93%" size="5" align="right">
  </td>
    <td WIDTH="11%" VALIGN="TOP">
      &nbsp;<font size="1">&nbsp;</font></td>
</tr>
</center>
  <tr>
    <td WIDTH="36%" VALIGN="TOP">
        <p><font face="Times New Roman" size="1">Weighted average
        fair value of options<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;granted</font>
    </td>
    <td WIDTH="10%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="11%" VALIGN="TOP">
      <p ALIGN="right">
      <font face="Times New Roman" size="1"><br>
      $0.72&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
    </td>
  <center>
    <td WIDTH="9%" VALIGN="TOP"><font size="1">&nbsp;</font></td>
    </center>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="1"><br>
      $1.90&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
    </td>
  <center>
    <td WIDTH="10%" VALIGN="TOP"><font size="1">&nbsp;</font></td>
      </center>
    <td WIDTH="11%" VALIGN="TOP"><font SIZE="1">
      <p ALIGN="right"><br>
      </font>
      <font face="Times New Roman" size="1">$ 3.15&nbsp;&nbsp;</font></p>
    </td>
  </tr>
</table>
  <center>
<font SIZE="3">
<p ALIGN="LEFT">&nbsp;</p>
<P ALIGN="CENTER">&nbsp;</P>
<font size="2">F</font></font><font size="2">-16</font>
<font SIZE="3">
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
<p ALIGN="CENTER">&nbsp;</p>
<blockquote>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">A summary of options
  outstanding under the Company's stock-based compensation plans at
  April&nbsp;30, 2001 is presented below (shares in thousands):</font></p>
</blockquote>
</font>
<p ALIGN="RIGHT">&nbsp;
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="714" height="218">
  <tr>
    <td WIDTH="23%" VALIGN="TOP" COLSPAN="3" height="41"><b><font SIZE="1">
      <p ALIGN="CENTER"><br>
      </font>
      <font face="Times New Roman" size="1">Exercise<br>
      Price Range</font></b></p>
    </td>
    <td WIDTH="8%" VALIGN="TOP" height="41"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">Shares<br>
      Under<br>
      Option</font></b></p>
    </td>
    <td WIDTH="17%" VALIGN="TOP" height="41"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">Weighted Average<br>
      Exercise Price of<br>
      Options
      Outstanding</font></b></p>
    </td>
    <td WIDTH="13%" VALIGN="TOP" height="41"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">Weighted<br>
      Average<br>
      Remaining Life</font></b></p>
    </td>
    <td WIDTH="12%" VALIGN="TOP" height="41"><b><font SIZE="1">
      <p ALIGN="CENTER"><br>
      </font>
      <font face="Times New Roman" size="1">Options<br>
      Exercisable</font></b></p>
    </td>
    <td WIDTH="28%" VALIGN="TOP" height="41">
      <p ALIGN="center"><font face="Times New Roman" size="1"><b>Weighted Average<br>
      Exercise Price of<br>
      Shares Exercisable</b></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP" COLSPAN="3" height="21">
      <hr color="#000080">
    </td>
    <td WIDTH="8%" VALIGN="TOP" height="21">
      <hr color="#000080">
    </td>
    <td WIDTH="17%" VALIGN="TOP" height="21">
      <hr color="#000080">
    </td>
    <td WIDTH="13%" VALIGN="TOP" height="21">
      <hr color="#000080">
    </td>
    <td WIDTH="12%" VALIGN="TOP" height="21">
      <hr color="#000080">
    </td>
    <td WIDTH="28%" VALIGN="TOP" height="21">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" height="21">&nbsp;</td>
    <td WIDTH="3%" VALIGN="TOP" height="21">&nbsp;</td>
    <td WIDTH="11%" VALIGN="TOP" height="21">&nbsp;</td>
    <td WIDTH="8%" VALIGN="TOP" height="21">&nbsp;</td>
    <td WIDTH="17%" VALIGN="TOP" height="21">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP" height="21">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP" height="21">&nbsp;</td>
    <td WIDTH="28%" VALIGN="TOP" height="21">&nbsp;</td>
  </tr>
</center>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 0.63&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  <center>
    <td WIDTH="3%" VALIGN="TOP" height="16">
      <p ALIGN="center"><font face="Times New Roman" size="1">-</font></td>
    </center>
    <td WIDTH="11%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 3.50&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="8%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">1,934&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 2.07&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  <center>
    <td WIDTH="13%" VALIGN="TOP" height="16">
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">6.0</font></td>
    </center>
    <td WIDTH="12%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">1,258&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="28%" VALIGN="TOP" height="16">
      <p ALIGN="center"><font face="Times New Roman" size="1">$ 2.31</font></td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">3.78&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  <center>
    <td WIDTH="3%" VALIGN="TOP" height="16">
      <p ALIGN="center"><font face="Times New Roman" size="1">-</font></td>
    </center>
    <td WIDTH="11%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">5.48&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="8%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">911&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">4.07&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  <center>
    <td WIDTH="13%" VALIGN="TOP" height="16">
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">5.3</font></td>
    </center>
    <td WIDTH="12%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">787&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="28%" VALIGN="TOP" height="16">
      <p align="center"><font face="Times New Roman" size="1">4.06</font></td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">5.75&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  <center>
    <td WIDTH="3%" VALIGN="TOP" height="16">
      <p ALIGN="center"><font face="Times New Roman" size="1">-</font></td>
    </center>
    <td WIDTH="11%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">7.75&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="8%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">530&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">6.98&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  <center>
    <td WIDTH="13%" VALIGN="TOP" height="16">
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">6.7</font></td>
    </center>
    <td WIDTH="12%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">357&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="28%" VALIGN="TOP" height="16">
      <p ALIGN="center"><font face="Times New Roman" size="1">6.94</font></td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">8.79&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  <center>
    <td WIDTH="3%" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="center"><font face="Times New Roman" size="1">-</font></td>
    </center>
    <td WIDTH="11%" VALIGN="TOP" HEIGHT="16">
      <p align="right"><font face="Times New Roman" size="1">12.88&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="8%" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">397&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">11.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  <center>
    <td WIDTH="13%" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">5.5</font></td>
    </center>
    <td WIDTH="12%" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">391&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="28%" VALIGN="TOP" HEIGHT="16">
      <p ALIGN="center"><font face="Times New Roman" size="1">11.11</font></td>
  </tr>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 13.50&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  <center>
    <td WIDTH="3%" VALIGN="TOP" height="16">
      <p ALIGN="center"><font face="Times New Roman" size="1">-</font></td>
    </center>
    <td WIDTH="11%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">$16.81&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="8%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">183&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">$14.82&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  <center>
    <td WIDTH="13%" VALIGN="TOP" height="16">
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">6.2</font></td>
    </center>
    <td WIDTH="12%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">154&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="28%" VALIGN="TOP" height="16">
      <p ALIGN="center"><font face="Times New Roman" size="1">$14.84</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" height="21">
    </td>
    <td WIDTH="3%" VALIGN="TOP" height="21">
    </td>
    <td WIDTH="11%" VALIGN="TOP" height="21">
    </td>
    <td WIDTH="8%" VALIGN="TOP" height="21">
      <hr width="93%" color="#000080">
    </td>
    <td WIDTH="17%" VALIGN="TOP" height="21">
      <hr width="50%" color="#000080">
    </td>
    <td WIDTH="13%" VALIGN="TOP" height="21">
      <hr width="50%" color="#000080">
    </td>
    <td WIDTH="12%" VALIGN="TOP" height="21">
      <hr width="55%" color="#000080">
    </td>
    <td WIDTH="28%" VALIGN="TOP" height="21">
      <hr width="35%" color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP" COLSPAN="3" height="16">
      <p ALIGN="LEFT"><font face="Times New Roman" size="1">Total</font></td>
</center>
    <td WIDTH="8%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">3,955&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="17%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">$ 4.68&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  <center>
    <td WIDTH="13%" VALIGN="TOP" height="16">
      <p ALIGN="CENTER"><font face="Times New Roman" size="1">5.9</font></td>
</center>
    <td WIDTH="12%" VALIGN="TOP" height="16">
      <p ALIGN="right"><font face="Times New Roman" size="1">2,947&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="28%" VALIGN="TOP" height="16">
      <p ALIGN="center"><font face="Times New Roman" size="1">$ 5.16</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="8%" VALIGN="TOP" height="18">
    </td>
    <td WIDTH="3%" VALIGN="TOP" height="18">
    </td>
    <td WIDTH="11%" VALIGN="TOP" height="18">
    </td>
    <td WIDTH="8%" VALIGN="TOP" height="18">
      <hr width="93%" color="#000080" size="5">
    </td>
    <td WIDTH="17%" VALIGN="TOP" height="18">
      <hr width="50%" color="#000080" size="5">
    </td>
    <td WIDTH="13%" VALIGN="TOP" height="18">
      <hr width="50%" color="#000080" size="5">
    </td>
    <td WIDTH="12%" VALIGN="TOP" height="18">
      <hr width="55%" color="#000080" size="5">
    </td>
    <td WIDTH="28%" VALIGN="TOP" height="18">
      <hr width="35%" color="#000080" size="5">
    </td>
  </tr>
</table>
<font SIZE="3">
<p ALIGN="LEFT">&nbsp;</p>
<blockquote>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">For SFAS No.&nbsp;123
  purposes, the fair value of each option grant has been estimated as of the
  date of grant using the Black-Scholes option-pricing model with the following
  weighted average assumptions for grants in 2001, 2000, and 1999, respectively:
  expected dividend yield of 0%; expected volatility of 71%, 59%, and 52%;
  risk-free interest rate of 6.10%, 6.13%, and 5.23%; and expected lives of 5.5
  years. Using these assumptions, the fair value of options granted in 2001,
  2000, and 1999 is approximately $300,000, $1,259,000, and $3,255,000,
  respectively, which would be amortized as compensation expense over the
  vesting period of the options.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Had compensation cost
  for 2001, 2000, and 1999 stock option grants been determined based on the fair
  value at the grant dates consistent with the method prescribed by SFAS&nbsp;No.&nbsp;123,
  the Company's net income and net income per share would have been adjusted to
  the pro forma amounts indicated below:</font></p>
</blockquote>
</font>
  </center>
<p ALIGN="left">&nbsp;
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="597">
  <tr>
    <td WIDTH="54%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="14%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2001</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2000</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">1999</font></td>
  </tr>
  <tr>
    <td WIDTH="54%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="14%" VALIGN="TOP">
      <hr width="93%" color="#000080">
    </td>
    <td WIDTH="16%" VALIGN="TOP">
      <hr width="93%" color="#000080">
    </td>
    <td WIDTH="16%" VALIGN="TOP">
      <hr width="93%" color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="54%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Net (loss) income
        (in thousands):</font>
    </td>
    <td WIDTH="14%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="16%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="16%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="54%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">As reported</font>
    </td>
  </center>
    <td WIDTH="14%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">$(6,434)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(73,143)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$2,206&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="54%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Pro forma</font>
    </td>
</center>
    <td WIDTH="14%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(8,217)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(75,739)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(614)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="54%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Basic net (loss)
        income per share:</font>
    </td>
    <td WIDTH="14%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="16%" VALIGN="TOP">&nbsp;</td>
</center>
    <td WIDTH="16%" VALIGN="TOP">
      <p align="right"></p>
</td>
  </tr>
  <center>
  <tr>
    <td WIDTH="54%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">As reported</font>
    </td>
</center>
    <td WIDTH="14%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">$(0.14)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ (1.57)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$0.05&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="54%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Pro forma</font>
    </td>
</center>
    <td WIDTH="14%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.18)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(1.62)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.01)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="54%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Diluted net (loss)
        income per share:</font>
    </td>
    <td WIDTH="14%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="16%" VALIGN="TOP">&nbsp;</td>
</center>
    <td WIDTH="16%" VALIGN="TOP">
      <p align="right"></p>
</td>
  </tr>
  <center>
  <tr>
    <td WIDTH="54%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">As reported</font>
    </td>
</center>
    <td WIDTH="14%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">$(0.14)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ (1.57)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$0.05&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="54%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Pro forma</font>
    </td>
</center>
    <td WIDTH="14%" VALIGN="TOP"><b>
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.18)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(1.62)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.01)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
  <tr>
    <td WIDTH="54%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="14%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="16%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="16%" VALIGN="TOP">&nbsp;</td>
  </tr>
</table>
  <b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LEASE
  COMMITMENTS</font></p>
<blockquote>
  </b><font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The Company has entered
  into various operating leases for buildings, office equipment, and trucks.
  Rental expense under these leases was $13,753,000, $14,612,000, and
  $11,633,000, for 2001, 2000, and 1999, respectively.</font></p>
<P ALIGN="CENTER">&nbsp;</P>
  <font size="2">F-</font></font><font size="2">17</font><font SIZE="3">
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
  <p ALIGN="CENTER">&nbsp;</p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">At April&nbsp;30, 2001,
  future minimum lease payments under non-cancelable operating leases for the
  next five fiscal years are as follows (in thousands):</font></p>
  </blockquote>
</font>
<p ALIGN="CENTER">&nbsp;<center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="209">
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">2002</font></font></td>
</center>
</center>
    <td WIDTH="63%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="right"><font face="Times New Roman" size="3">$10,156</font></font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">2003</font></font></td>
</center>
</center>
    <td WIDTH="63%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="right"><font face="Times New Roman" size="3">7,486</font></font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">2004</font></font></td>
</center>
</center>
    <td WIDTH="63%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="right"><font face="Times New Roman" size="3">4,550</font></font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">2005</font></font></td>
</center>
</center>
    <td WIDTH="63%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="right"><font face="Times New Roman" size="3">3,212</font></font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">2006</font></font></td>
</center>
</center>
    <td WIDTH="63%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="right"><font face="Times New Roman" size="3">1,917</font></font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="37%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63%" VALIGN="TOP">&nbsp;</td>
  </tr>
</table>
</center>
  <b>
  &nbsp;</center>
<p align="left"><font face="Times New Roman" size="3">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LITIGATION</font></p>
  <center>
  <blockquote>
  </b><font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The Company is, from
  time to time, a party to litigation arising in the normal course of business.
  The ultimate disposition of such matters cannot be determined presently, but,
  in the opinion of management, based in part on the advice of legal counsel,
  will not have a material adverse effect on the financial position or results
  of operations of the Company.</font></p>
  </font><b>
  </blockquote>
<p ALIGN="LEFT"><font face="Times New Roman" size="3">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INCOME
TAXES</font></p>
  </b>
  <blockquote>
  <font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Deferred tax assets and
  liabilities are determined based on the differences between the financial and
  tax bases of existing assets and liabilities using the currently enacted tax
  rates in effect for the year in which the differences are expected to reverse.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The (benefit) provision
  for income taxes consisted of the following for 2001, 2000, and 1999 (in
  thousands):</font></p>
  </blockquote>
</font>
<p ALIGN="CENTER">&nbsp;<center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="401">
  <tr>
    <td WIDTH="45%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2001</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2000</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">1999</font></td>
  </tr>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">
      <hr width="93%" color="#000080">
    </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080">
    </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Current:</font>
    </td>
    <td WIDTH="19%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="18%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Federal</font>
    </td>
</center>
</center>
    <td WIDTH="19%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;$(2,172)&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(2,550)&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(2,855)&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">State</font>
    </td>
</center>
</center>
    <td WIDTH="19%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;0&nbsp;&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">1,400&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(336)&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Foreign</font>
    </td>
</center>
</center>
    <td WIDTH="19%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">200&nbsp;&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">572&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">409&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="45%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
</tr>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">&nbsp;</td>
</center>
</center>
    <td WIDTH="19%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;(1,972)&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(578)&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(2,782)&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="45%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
</tr>
<tr>
    <td WIDTH="45%" VALIGN="TOP"></td>
    <td WIDTH="19%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="18%" VALIGN="TOP"></td>
</tr>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Deferred:</font>
    </td>
    <td WIDTH="19%" VALIGN="TOP"><font face="Times New Roman" size="2">&nbsp;</font></td>
</center>
</center>
    <td WIDTH="18%" VALIGN="TOP">
      <p align="right"></p>
</td>
    <td WIDTH="18%" VALIGN="TOP">
      <p align="right"></p>
</td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Federal</font>
    </td>
</center>
</center>
    <td WIDTH="19%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;$(899)&nbsp;</font></p>
</td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(11,278)&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">4,498&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">State</font>
    </td>
</center>
</center>
    <td WIDTH="19%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;(360)&nbsp;</font></p>
</td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(1,327)&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">529&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Foreign</font>
    </td>
</center>
</center>
    <td WIDTH="19%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;57&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(125)&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">27&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="45%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
</tr>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">&nbsp;</td>
</center>
</center>
    <td WIDTH="19%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;(1,202)&nbsp;</font></p>
</td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(12,730)&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">5,054&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="45%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
</tr>
  <tr>
    <td WIDTH="45%" VALIGN="TOP">&nbsp;</td>
</center>
</center>
    <td WIDTH="19%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;$(3,174&nbsp;)</font></p>
</td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(13,308)&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$2,272&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="45%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">
      <hr width="93%" color="#000080" size="5">
  </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080" size="5">
  </td>
    <td WIDTH="18%" VALIGN="TOP">
      <hr width="93%" color="#000080" size="5">
  </td>
</tr>
</table>
</center>
  <font SIZE="3">
<P ALIGN="CENTER">&nbsp;</P>
</font><font face="Times New Roman" size="2">F-18</font>
  <font SIZE="3">
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
  <p ALIGN="LEFT">&nbsp;</p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The principal
  differences between the federal statutory tax rate and the consolidated
  effective tax rate for 2001, 2000, and 1999 were as follows:</font></p>
</font>
<p ALIGN="CENTER">&nbsp;<center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="501">
  <tr>
    <td WIDTH="63%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2001</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2000</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">1999</font></td>
  </tr>
  <tr>
    <td WIDTH="63%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr width="93%" color="#000080">
    </td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
    </td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr width="93%" color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="63%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Federal statutory
      tax rate</font></td>
</center>
</center>
    <td WIDTH="12%" VALIGN="TOP">
      <p align="right"><font size="2" face="Times New Roman">&nbsp;(34.0)%&nbsp;</font></p>
</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(34.0)%&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">34.0%</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="63%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">State taxes, net of
      federal tax benefit</font></td>
</center>
</center>
    <td WIDTH="12%" VALIGN="TOP">
      <p align="right"><font size="2" face="Times New Roman">&nbsp;0.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">4.0&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="63%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Non-deductible
      goodwill amortization</font></td>
</center>
</center>
    <td WIDTH="12%" VALIGN="TOP">
      <p align="right"><font size="2" face="Times New Roman">&nbsp;3.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">16.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">17.2&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="63%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Other</font></td>
</center>
</center>
    <td WIDTH="12%" VALIGN="TOP">
      <p align="right"><font size="2" face="Times New Roman">&nbsp;(2.7)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(4.5)&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="63%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
</tr>
  <tr>
    <td WIDTH="63%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Effective tax rate</font></td>
</center>
</center>
    <td WIDTH="12%" VALIGN="TOP">
      <p align="right"><font size="2" face="Times New Roman">&nbsp;(33.0)%&nbsp;</font></p>
</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(15.4)%&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">50.7%</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="63%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr width="93%" color="#000080" size="5">
  </td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080" size="5">
  </td>
    <td WIDTH="12%" VALIGN="TOP">
      <hr width="93%" color="#000080" size="5">
  </td>
</tr>
</table>
</center>
<blockquote>
  <font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Deferred income tax
  assets and liabilities for 2001 and 2000 reflect the impact of temporary
  differences between the amounts of assets and liabilities for financial
  reporting and income tax reporting purposes. Temporary differences and carry
  forwards which give rise to deferred tax assets and liabilities at
  April&nbsp;30, 2001 and 2000 are as follows (in thousands):</font></p>
  </blockquote>
</font>
<p ALIGN="CENTER">&nbsp;<center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="497">
  <tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2001</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">2000</font></td>
  </tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
    </td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Deferred tax
        assets:</font>
    </td>
    <td WIDTH="13%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Allowance for
          doubtful accounts</font>
    </td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 1,020&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Accruals and
          reserves</font>
    </td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;4,526&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">5,500&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Net operating
          loss carry forward</font>
    </td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;12,482&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">7,884&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Deductible
          goodwill impaired</font>
    </td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;948&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">2,296&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Other</font>
    </td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;1,667&nbsp;&nbsp;</font></p>
</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">842&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
</tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
    </td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">20,347&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">17,542&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
</tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;</font></p>
</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"></p>
</td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Deferred tax
        liabilities:</font>
    </td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">&nbsp;</font></p>
</td>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"></p>
</td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Property, plant,
          and equipment</font>
    </td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">7,433&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">5,203&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Other</font>
    </td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">2,386&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">3,013&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
</tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
              <p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">Total
              deferred tax liabilities</font>
    </td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">9,819&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">8,216&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080">
  </td>
</tr>
  <tr>
    <td WIDTH="73%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Net deferred tax asset</font>
    </td>
</center>
</center>
    <td WIDTH="13%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">$10,528&nbsp;&nbsp;</font></td>
    <td WIDTH="13%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 9,326&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <center>
<center>
<tr>
    <td WIDTH="73%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080" size="5">
  </td>
    <td WIDTH="13%" VALIGN="TOP">
      <hr width="93%" color="#000080" size="5">
  </td>
</tr>
</table>
</center>
  <b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">10.&nbsp;&nbsp;&nbsp;&nbsp;SALE
  OF FINANCE RECEIVABLES</font></p>
<blockquote>
  </b><font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">In April 1997, the
  Company entered into an agreement to sell certain finance receivables to a
  third party leasing company for $24,596,000. An additional $3,861,000 was sold
  in October 1997. The resulting gain on these sales did not have a material
  impact on the Company's consolidated financial statements.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The agreement
  contingently obligates the Company to indemnify the leasing company for any
  losses it incurs up to specified amounts in the event the lessee defaults. The
  Company believes that any equipment returned as a result of lessee defaults
  could be sold to third parties at amounts approximating the debt obligations
  under the leases. The Company's aggregate potential liability under the
  agreement as of April 30, 2001 and 2000 was $301,000 and $1,542,000,
  respectively. Management believes its reserves for such recourse provisions
  are adequate to cover its exposures under the agreement.</font></p>
  </font>
  </blockquote>
<b>
<P ALIGN="CENTER">&nbsp;</P>
  <font size="2"></font>
  </b>
  <font face="Times New Roman" size="2">F-19</font><b>
<P ALIGN="CENTER">&nbsp;</P>
<hr color="#000080" size="3">
  <p ALIGN="CENTER">&nbsp;</p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PREFERRED
  STOCK</font></p>
  </b>
<blockquote>
  <font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The Company has
  authorized 5,000,000 shares of undesignated preferred stock which can be
  issued in one or more series. The terms, price, and conditions of the
  preferred shares will be set by the board of directors. No shares have been
  issued.</font></p>
  </font><b>
  </blockquote>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMPLOYEE BENEFIT
  PLANS</font></p>
  </b>
<blockquote>
  <font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">During 1996, the Company
  established a contributory retirement plan for all full-time employees with at
  least 90 days of service. Effective January 1, 1999, the Company split the
  plan into two identical plans by operating segment. These plans are designed
  to provide tax-deferred income to the Company's employees in accordance with
  the provisions of Section 401(k) of the Internal Revenue Code.</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">These plans provide that
  each participant may contribute up to 15% of his or her salary. The Company
  matches 33.33% of the first 3% of participant contributions. Matching
  contributions vest over a period of five years. Company contributions to the
  plans were not significant in 2001, 2000, and 1999.</font></p>
  </blockquote>
  <b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STOCK REPURCHASE
  PLAN</font></p>
  <blockquote>
  </b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The Company&#146;s board of
  directors approved a share repurchase plan that commenced during fiscal 1998
  under which the Company may repurchase up to 2,000,000 shares of its common
  stock from time to time until September 30, 2001. All shares purchased under
  the plan during fiscal 1999 (500,000 shares at a cost of $2.3 million) were
  reissued as consideration for towing service companies acquired prior to April
  30, 1999. No shares were repurchased during fiscal 2001 and 2000.</font></p>
  </blockquote>
  <p ALIGN="LEFT">&nbsp;</p>
  <p ALIGN="LEFT">&nbsp;</p>
  <p ALIGN="LEFT">&nbsp;</p>
  <p ALIGN="center">
</font>
  <font face="Times New Roman" size="2">F-20</font></p>
  <font SIZE="3">
  <hr color="#000080">
  <p ALIGN="LEFT">&nbsp;</p>
  <b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SEGMENT INFORMATION</font></p>
  </b>
  <blockquote>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The Company operates in
  two principal operating segments: (i) towing and recovery equipment and (ii)
  towing services. The accounting policies of the reportable segments are the
  same as those described in Note&nbsp;2. Management evaluates the performance
  of its operating segments separately to individually monitor the different
  factors affecting performance. The Company measures the performance of its
  operating segments based on net sales, operating income, and profit or loss
  before taxes. Income taxes are managed on a Company-wide basis.</font></p>
  </blockquote>
</font>
</center>
<p ALIGN="left">&nbsp;
<div align="center">
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="593">
  <tr>
    <td WIDTH="38%" VALIGN="bottom">&nbsp;</td>
    <td WIDTH="15%" VALIGN="bottom"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Towing and
      Recovery Equipment</font></b></td>
    <td WIDTH="12%" VALIGN="bottom"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Towing<br>
      Services</font></b></p>
    </td>
    <td WIDTH="16%" VALIGN="bottom"><b><font SIZE="2">
      <p ALIGN="CENTER"><br>
      </font>
      <font face="Times New Roman" size="2">Eliminations</font></b></p>
    </td>
    <td WIDTH="18%" VALIGN="bottom"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Consolidated</font></b></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="bottom"></td>
    <td WIDTH="15%" VALIGN="bottom">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="12%" VALIGN="bottom">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="16%" VALIGN="bottom">
      <hr color="#000080" width="93%">
    </td>
    <td WIDTH="18%" VALIGN="bottom">
      <hr color="#000080" width="93%">
    </td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="62%" VALIGN="TOP" COLSPAN="4">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">(In Thousands)</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">2001</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="16%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="18%" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Net sales-external</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$313,207&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$182,255&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$495,462&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Net sales-intersegment</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">746&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(746)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Depreciation and
        amortization</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">4,747&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">6,686&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">11,433&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Operating income
        (loss)</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">11,017&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(3,945)&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">54&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">7,126&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP" HEIGHT="13">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Interest expense,
        net</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="13">
      <p ALIGN="right"><font face="Times New Roman" size="2">9,252&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP" HEIGHT="13">
      <p align="right"><font face="Times New Roman" size="2">7,482&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP" HEIGHT="13">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP" HEIGHT="13">
      <p ALIGN="right"><font face="Times New Roman" size="2">16,734&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP" HEIGHT="19">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Income (loss)
        before income taxes</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="19">
      <p ALIGN="right"><font face="Times New Roman" size="2">1,765&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP" HEIGHT="19">
      <p ALIGN="right"><font face="Times New Roman" size="2">(11,427)&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP" HEIGHT="19">
      <p ALIGN="right"><font face="Times New Roman" size="2">54&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP" HEIGHT="19">
      <p ALIGN="right"><font face="Times New Roman" size="2">(9,608)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Capital
        expenditures</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">1,604&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">2,018&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">3,622&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Total Assets</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">248,886 &nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">96,332&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(63,931)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">281,287&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="15%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="12%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="16%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="18%" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">2000</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="16%" VALIGN="TOP">
      <p align="right"></p>
    </td>
    <td WIDTH="18%" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Net sales-external</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$374,187&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$207,942&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$582,129&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Net sales-intersegment</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">385&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(385)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Depreciation and
        amortization</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">4,082&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">12,750&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">16,832&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Asset impairments
        and other non-recurring charges</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;<br>
      7,737&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2"><br>
      75,159&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2"><br>
      0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2"><br>
      82,896&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Operating income
        (loss)</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">10,356&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(82,728)&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(50)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(72,422)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Interest expense,
      net</font></td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">7,821&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">6,208&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">14,029&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Income (loss)
        before income taxes</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">2,534&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(88,935)&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP"><p ALIGN="right"><font face="Times New Roman" size="2">(50)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(86,451)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Capital
        expenditures</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">4,108&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">4,504&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">8,612&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP" HEIGHT="25">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Total assets</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="25">
      <p ALIGN="right"><font face="Times New Roman" size="2">271,300&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP" HEIGHT="25">
      <p ALIGN="right"><font face="Times New Roman" size="2">112,040&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP" HEIGHT="25">
      <p ALIGN="right"><font face="Times New Roman" size="2">(59,646)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP" HEIGHT="25">
      <p ALIGN="right"><font face="Times New Roman" size="2">323,694&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP" HEIGHT="13">
      <p></p>
    </td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="13">
      <p align="right"></p>
    </td>
    <td WIDTH="12%" VALIGN="TOP" HEIGHT="13">
      <p align="right"></p>
    </td>
    <td WIDTH="16%" VALIGN="TOP" HEIGHT="13">
      <p align="right"></p>
    </td>
    <td WIDTH="18%" VALIGN="TOP" HEIGHT="13">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP" HEIGHT="5">
        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">1999</font>
      </b></td>
    <td WIDTH="15%" VALIGN="TOP" HEIGHT="5">
      <p align="right"></p>
    </td>
    <td WIDTH="12%" VALIGN="TOP" HEIGHT="5">
      <p align="right"></p>
    </td>
    <td WIDTH="16%" VALIGN="TOP" HEIGHT="5">
      <p align="right"></p>
    </td>
    <td WIDTH="18%" VALIGN="TOP" HEIGHT="5">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Net sales-external</font></td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$342,651&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$183,544&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ 526,195&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Net sales-intersegment</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">4,850&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(4,850)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Depreciation and
        amortization</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">3,566&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">11,647&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">15,213&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Operating income</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">15,417&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">430&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(424)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">15,423&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Interest (income)
        expense, net</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">5,439&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">5,506&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">10,945&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Income (loss) before
      income taxes</font></td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">9,977&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(5,075)&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(424)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">4,478&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Capital expenditures</font></td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">7,170&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">11,828&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">18,998&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="38%" VALIGN="TOP">
        <p><font face="Times New Roman" size="2">Total assets</font>
    </td>
    <td WIDTH="15%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">257,959&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">187,084&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(52,563)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="18%" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">392,480&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
</table>
  </center>
</div>
<p ALIGN="left">&nbsp;
  <center>
<blockquote>
  <font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">Total net sales to
  foreign countries were not significant in 2001, 2000, and 1999. Total assets
  located in foreign countries were not significant at April 30, 2001, 2000, and
  1999.</font></p>
  <p ALIGN="LEFT">&nbsp;</p>
  <p ALIGN="center">
  </font><font face="Times New Roman" size="2">F-21</font></p>
  </blockquote>
  <font SIZE="3">
  <hr color="#000080">
  <p ALIGN="LEFT">&nbsp;</p>
  </font><b>
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">15.&nbsp;&nbsp;&nbsp;&nbsp;QUARTERLY FINANCIAL
  INFORMATION (unaudited)</font></p>
<blockquote>
  </b><font SIZE="3">
  <p ALIGN="LEFT"><font face="Times New Roman" size="3">The following is a
  summary of the unaudited quarterly financial information for the years ended
  April&nbsp;30, 2001 and 2000 (in thousands, except per share data):</font></p>
  </blockquote>
</font>
<p ALIGN="RIGHT">&nbsp;
<font SIZE="4">
<div align="center">
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="605">
  <tr>
    <td WIDTH="161" VALIGN="bottom">&nbsp;</td>
    <td WIDTH="58" VALIGN="bottom"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Net<br>
      Sales</font></b></p>
    </td>
<font SIZE="4">
    <td WIDTH="28" VALIGN="bottom">&nbsp;</td>
    </font>
    <td WIDTH="64" VALIGN="bottom"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Operating Income</font></b></td>
    <td WIDTH="28" VALIGN="bottom">&nbsp;</td>
    <td WIDTH="64" VALIGN="bottom"><p ALIGN="center"><font face="Times New Roman" size="2"><b>Net<br>
      Income<br>
      (Loss)</b></font></p>
    </td>
    <td WIDTH="28" VALIGN="bottom">&nbsp;</td>
    <td WIDTH="64" VALIGN="bottom"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Basic<br>
      Net<br>
      Income<br>
      (Loss) Per<br>
      Share</font></b></p>
    </td>
    <td WIDTH="27" VALIGN="bottom">&nbsp;</td>
    <td WIDTH="63" VALIGN="bottom"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Diluted<br>
      Net<br>
      Income<br>
      (Loss) Per<br>
      Share</font></b></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="58" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
    </td>
    <td WIDTH="58" VALIGN="TOP"></td>
    <td WIDTH="28" VALIGN="TOP"></td>
    <td WIDTH="64" VALIGN="TOP"></td>
    <td WIDTH="28" VALIGN="TOP"></td>
    <td WIDTH="64" VALIGN="TOP"></td>
    <td WIDTH="28" VALIGN="TOP"></td>
    <td WIDTH="64" VALIGN="TOP"></td>
    <td WIDTH="27" VALIGN="TOP"></td>
    <td WIDTH="63" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
        <p ALIGN="LEFT" style="text-indent: 0"><font face="Times New Roman" size="2">Year ended April
        30, 2001:</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">&nbsp;</td>
<font SIZE="4">
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    </font>
    <td WIDTH="64" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">First quarter</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">127,152</font></td>
<font SIZE="4">
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    </font></font>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;</font><font SIZE="4"><font face="Times New Roman" size="2">$</font></font><font size="4" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;</font><font SIZE="4"><font face="Times New Roman" size="2">794</font></font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$</font><font face="Times New Roman" size="2">&nbsp;&nbsp;</font><font face="Times New Roman" size="2">&nbsp;</font><font SIZE="4"><font face="Times New Roman" size="2">(2,094)</font></font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(0.04)</font></td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(0.04)</font></td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Second quarter</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">129,680</font></td>
<font SIZE="4">
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    </font>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">1,905</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(1,830)</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.04)</font></td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.04)</font></td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Third quarter</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">119,197</font></td>
<font SIZE="4">
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    </font>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">2,474</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(1,325)</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.03)</font></td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.03)</font></td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Fourth quarter</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">119,433</font></td>
<font SIZE="4">
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    </font>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">1,953</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(1,185)</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.03)</font></td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.03)</font></td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="58" VALIGN="TOP">
      <hr color="#000080">
    </td>
<font SIZE="4">
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    </font>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
              <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">Total</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$495,462</font></td>
<font SIZE="4">
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    </font>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$</font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;</font><font SIZE="4"><font face="Times New Roman" size="2">7,126</font></font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$</font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;</font><font SIZE="4"><font face="Times New Roman" size="2">(6,434)</font></font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">$(0.14)</font></td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(0.14)</font></td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="58" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
<font SIZE="4">
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    </font>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="58" VALIGN="TOP">&nbsp;</td>
<font SIZE="4">
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    </font>
    <td WIDTH="64" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Year ended
        April&nbsp;30, 2000:</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">&nbsp;</td>
<font SIZE="4">
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    </font>
    <td WIDTH="64" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p align="right"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">First quarter</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$134,445</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$</font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;</font><font face="Times New Roman" size="2"> 5,378</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ </font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;1,444</font><font face="Times New Roman" size="2">&nbsp;</font></td>

    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$</font><font face="Times New Roman" size="2">&nbsp;&nbsp;</font><font face="Times New Roman" size="2">0.03</font>&nbsp;</td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$&nbsp;&nbsp;0.03&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Second quarter</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">148,889</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">1,005</font></td>
    <td WIDTH="28" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">(a)</font></td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(1,151)</font></td>
    <td WIDTH="28" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">(a)</font></td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.02)</font></td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.02)</font></td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Third quarter</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">146,368</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">2,521</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(904)</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p align="right"><font face="Times New Roman" size="2">(0.02)</font></td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(0.02)</font></td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
          <p ALIGN="LEFT" style="text-indent: 30"><font face="Times New Roman" size="2">Fourth quarter</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">152,427</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(81,326)</font></td>
    <td WIDTH="28" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">(b)</font></td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(72,532)</font></td>
    <td WIDTH="28" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">(b)</font></td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(1.56)</font></td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">(1.56)</font></td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="58" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080">
    </td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
              <p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">Total</font>
    </td>
    <td WIDTH="58" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$582,129</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(72,422)</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$ (73,143)</font></td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(1.57)</font></td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <p ALIGN="right"><font face="Times New Roman" size="2">$(1.57)</font></td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="58" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
    <td WIDTH="28" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="64" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
    <td WIDTH="27" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63" VALIGN="TOP">
      <hr color="#000080" size="5">
    </td>
  </tr>
  <tr>
    <td WIDTH="161" VALIGN="TOP">
    </td>
    <td WIDTH="58" VALIGN="TOP">
    </td>
    <td WIDTH="28" VALIGN="TOP"></td>
    <td WIDTH="64" VALIGN="BOTTOM">
    </td>
    <td WIDTH="28" VALIGN="TOP"></td>
    <td WIDTH="64" VALIGN="TOP">
    </td>
    <td WIDTH="28" VALIGN="TOP"></td>
    <td WIDTH="64" VALIGN="TOP">
    </td>
    <td WIDTH="27" VALIGN="TOP"></td>
    <td WIDTH="63" VALIGN="TOP">
    </td>
  </tr>
</table>
  </center>
</div>
  </center>
<ol TYPE="a">
  <ol TYPE="a">
  <font SIZE="3">
  <li>
    <p align="left"><font face="Times New Roman" size="3">The fiscal 2000 second quarter
    results reflect a special charge of approximately $6,041,000 related to the
    rationalization of operations in the Company&#146;s towing services segment
    (see Note 4).</font></li>
  </ol>
</ol>
  <center>
<blockquote>
  <ol type="a" start="2">
    <li>
      <p align="left"><font face="Times New Roman" size="3">The fiscal 2000
      fourth quarter results reflect asset impairments and other special charges
      totaling $76,855,000 as discussed in Note 4.</font></li>
  </ol>
      <p ALIGN="CENTER">&nbsp;</p>
      <p ALIGN="CENTER">&nbsp;</p>
  <p ALIGN="CENTER">&nbsp;</p>
  <p ALIGN="CENTER"><font face="Times New Roman">F-22</font></p>
  <hr color="#000080">
  <p ALIGN="CENTER">&nbsp;</p>
  <p ALIGN="CENTER"><font face="Times New Roman" size="3"><a NAME="schedules"></a>REPORT
  OF INDEPENDENT PUBLIC ACCOUNTANTS</font></p>
  <p ALIGN="CENTER"><font face="Times New Roman" size="3">AS TO SCHEDULE II -</font></p>
  <p ALIGN="CENTER"><font face="Times New Roman" size="3">VALUATION AND
  QUALIFYING ACCOUNTS</font></p>
  <p ALIGN="LEFT">&nbsp;</p>
  <p ALIGN="LEFT">&nbsp;</p>
  <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">To Miller Industries,
  Inc.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">We have audited in
accordance with auditing standards generally accepted in the United States, the
consolidated financial statements of Miller Industries, Inc. and subsidiaries
included in this Form 10-K and have issued our report thereon dated July 25, 2001. Our audit was made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The schedule listed in the index is the
responsibility of the Company&#146;s management and is presented for purposes of
complying with the Securities and Exchange Commission&#146;s rules and is not part
of the basic financial statements. This schedule has been subjected to the
auditing procedures applied in the audit of the basic financial statements and,
in our opinion, fairly states in all material respects the financial data
required to be set forth therein in relation to the basic financial statements
taken as a whole.</font></p>
<p ALIGN="LEFT">&nbsp;</p>
                            <p align="CENTER"><font face="Times New Roman" size="3">ARTHUR&nbsp;
                            ANDERSEN LLP</font></p>
  <p ALIGN="CENTER">&nbsp;/s/ Arthur Andersen
  LLP&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

                            <p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="LEFT"><font face="Times New Roman" size="3">Chattanooga, Tennessee<br>
July 25, 2001</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<b>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
</b></font>
<p ALIGN="CENTER"><font size="2">S-1</font></p>
<hr color="#000080">
<p ALIGN="CENTER">&nbsp;</p>
<b>
<font SIZE="3">
<p ALIGN="CENTER">&nbsp;</p>
</font>
</b>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">MILLER INDUSTRIES, INC.
AND SUBSIDIARIES</font></p>
<font SIZE="3">
<p ALIGN="CENTER">&nbsp;</p>
</font>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">SCHEDULE II - VALUATION
AND QUALIFYING ACCOUNTS</font></p>
</b><font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<font SIZE="3">
</font>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="637">
  <tr>
    <td WIDTH="41%" VALIGN="TOP" align="center">
    </td>
    <td WIDTH="12%" VALIGN="TOP" align="center"><font face="Times New Roman" size="2">Balance
      at<br>
      Beginning<br>
      of Period</font></td>
    <td WIDTH="12%" VALIGN="TOP" align="center"><font face="Times New Roman" size="2">Charged<br>
      to<br>
      Expenses</font></td>
    <td WIDTH="11%" VALIGN="TOP" align="center"><font face="Times New Roman" size="2">Charged<br>
      to<br>
      Other</font></td>
    <td WIDTH="11%" VALIGN="TOP" align="center"><font face="Times New Roman" size="2">Accounts<br>
      Written<br>
      Off</font></td>
    <td WIDTH="12%" VALIGN="TOP" align="center"><font face="Times New Roman" size="2">Balance
      at<br>
      End of<br>
      Period</font></td>
  </tr>
  <tr>
    <td WIDTH="41%" VALIGN="TOP" align="center">
    </td>
    <td WIDTH="12%" VALIGN="TOP" align="center">
      <hr color="#000080">
    </td>
    <td WIDTH="12%" VALIGN="TOP" align="center">
      <hr color="#000080">
    </td>
    <td WIDTH="11%" VALIGN="TOP" align="center">
      <hr color="#000080">
    </td>
    <td WIDTH="11%" VALIGN="TOP" align="center">
      <hr color="#000080">
    </td>
    <td WIDTH="12%" VALIGN="TOP" align="center">
      <hr color="#000080">
    </td>
  </tr>
  <tr>
    <td WIDTH="41%" VALIGN="TOP">
    </td>
    <td WIDTH="58%" VALIGN="TOP" colspan="5">
      <p align="center"><font face="Times New Roman" size="2">(In Thousands)</font></td>
  </tr>
  <tr>
    <td WIDTH="41%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Year ended April
      30, 1999:<br>
      &nbsp;&nbsp;&nbsp;&nbsp;Deduction from
      asset accounts:<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for
      doubtful accounts</font></p>
    </td>
    <td WIDTH="12%" VALIGN="TOP">
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      $2,117&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
    </td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      2,123&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      175(a)&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      (713)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      $3,702&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="41%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="11%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="11%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="41%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Year ended April
      30, 2000:<br>
      &nbsp;&nbsp;&nbsp;&nbsp;Deduction from
      asset accounts:<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for
      doubtful accounts</font></p>
    </td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      $3,702&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      4,956&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      59(a)&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      (2,208)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      $6,509&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
  <tr>
    <td WIDTH="41%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="11%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="11%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="12%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="41%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Year ended April
      30, 2001:<br>
      &nbsp;&nbsp;&nbsp;&nbsp;Deduction from
      asset accounts:<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for
      doubtful accounts</font></p>
    </td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      $6,509&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      3,845&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      (265)(b)&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="11%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      (7,236)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td WIDTH="12%" VALIGN="TOP"><font SIZE="3">
      </font>
      <p ALIGN="RIGHT"><font face="Times New Roman" size="2"><br>
      <br>
      $2,853&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
  </tr>
</table>
<font SIZE="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
</center>
<blockquote>
  <ol type="a">
    <li>
      <p align="left"><font face="Times New Roman" size="3">The other addition to the
      allowance for doubtful accounts results from the acquisitions in fiscal
      1999 and 2000 which were accounted for under the purchase method of
      accounting.</font></li>
    <li>
      <p align="left"><font face="Times New Roman" size="3">The other reduction to the
      allowance for doubtful accounts results from the dispositions of towing
      services markets in fiscal 2001.</font></li>
  </ol>
</blockquote>
</font><b>
  <center>
<p ALIGN="CENTER">&nbsp;</p>
</center>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
</b>
<p ALIGN="CENTER"><font size="2">S-2</font></p>
<hr color="#000080">
<p ALIGN="CENTER">&nbsp;</p>
  <center>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">SIGNATURES</font></p>
</b><font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Pursuant to the
requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized, on the 30th day of July, 2001.</font></p>
<font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
</font><b>
<table border="0" width="685">
  <tr>
    <td width="353"></td>
    <td width="318">
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">MILLER INDUSTRIES, INC.</font></p>
</b><font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">By:&nbsp;&nbsp;<i><font color="#800000">/s/
Jeffrey I. Badgley</font></i><u>
</u>
<hr color="#000080" align="right" width="95%">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jeffrey I. Badgley,
President,<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer
and Director</font>
    </td>
  </tr>
</table>
<font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
</font><font SIZE="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font face="Times New Roman" size="3">Know all men by
these presents, that each person whose signature appears below constitutes and
appoints Jeffrey I. Badgley as attorney-in-fact, with power of substitution, for
him in any and all capacities, to sign any amendments to this Report on Form
10-K, and to file the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorney-in-fact may do or cause to be
done by virtue hereof.</font></p>
<font SIZE="2">
</font>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="3">Pursuant to the
requirements of the Securities Exchange Act of 1934, this Report has been signed
below by the following persons on behalf of the Registrant in the capacities
indicated on the 30th day of July, 2001.</font></p>
<font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="631">
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><u>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Signature</font></u></td>
    <td WIDTH="50%" VALIGN="TOP"><u>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Title</font></u></td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      <u>
      <p ALIGN="JUSTIFY"><i><font face="Times New Roman">/s/ William G.
      Miller&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><br>
      </i>
      </u></font>
      <font face="Times New Roman" size="3">William G. Miller</font></p>
    </td>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      </font>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Chairman of the
      Board of Directors</font></td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      <u>
      <p ALIGN="JUSTIFY">/s/ <i>Jeffrey I. Badgley&nbsp;&nbsp;&nbsp;</i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
      </u></font>
      <font face="Times New Roman" size="3">Jeffrey I.
      Badgley</font></p>
    </td>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      </font>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">President, Chief
      Executive Officer and Director</font></td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      <u>
      <p ALIGN="JUSTIFY"><i>/s/ J. Vince
      Mish&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
      </i>
      </u></font>
      <font face="Times New Roman" size="3">J. Vincent Mish</font></p>
    </td>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      </font>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Vice President,
      Treasurer and Chief Financial Officer (Principal Financial and Accounting
      Officer)</font></td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      <u>
      <p ALIGN="JUSTIFY"><i>/s/ A. Russell Chandler,
      III&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
      </i>
      </u></font>
      <font face="Times New Roman" size="3">A. Russell
      Chandler, III</font></p>
    </td>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      </font>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Director</font></td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      <u>
      <p ALIGN="JUSTIFY"><i>/s/ Paul E. Drack&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
      </i>
      </u></font>
      <font face="Times New Roman" size="3">Paul E. Drack</font></p>
    </td>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      </font>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Director</font></td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      <u>
      <p ALIGN="JUSTIFY"><i>/s/ Richard H.
      Roberts&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
      </i>
      </u></font>
      <font face="Times New Roman" size="3">Richard H.
      Roberts</font></p>
    </td>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      </font>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Director</font></td>
  </tr>
</table>
<font SIZE="2">
<p ALIGN="CENTER">&nbsp;</p>
</font>
<b><font SIZE="3">
<p ALIGN="CENTER">&nbsp;</p>
<hr color="#000080">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">EXHIBIT INDEX</font></p>
</font></b><font SIZE="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><b><u><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Exhibit</font></font></u></b></td>
    <td WIDTH="77%" VALIGN="TOP"><b><u><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Description</font></font></u></b></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">10.60</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Credit Agreement
      among Bank of America, N.A., The CIT Group/Business Credit, Inc. and
      Registrant and its subsidiaries dated July 23, 2001</font></font></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">10.61</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Security Agreement
      among the Registrant and its subsidiaries, The CIT Group/Business Credit,
      Inc. and Bank of America, N.A. dated July 23, 2001</font></font></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">10.62</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Stock Pledge
      Agreement between Registrant and The CIT Group/Business Credit, Inc. dated
      July 23, 2001</font></font></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">10.70</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Amended and Restated
      Credit Agreement among the Registrant, its subsidiary and Bank of America,
      N.A. dated July 23, 2001</font></font></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">10.71</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Promissory Note
      among Registrant, its subsidiary and SunTrust Bank dated July&nbsp;23,
      2001</font></font></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">10.72</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Promissory Note
      among Registrant, its subsidiary and AmSouth Bank dated July&nbsp;23, 2001</font></font></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">10.73</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Promissory Note
      among Registrant, its subsidiary and Wachovia Bank, N.A. dated July 23,
      2001</font></font></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">10.74</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Promissory Note
      among Registrant, its subsidiary and Bank of America, N.A. dated July 23,
      2001</font></font></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">10.75</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Warrant Agreement
      dated July 23, 2001</font></font></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">21</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Subsidiaries of the
      Registrant</font></font></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">23</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Consent of Arthur
      Andersen LLP</font></font></td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="77%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="23%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">24</font></font></td>
    <td WIDTH="77%" VALIGN="TOP"><font SIZE="3">
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Power of Attorney
      (see signature page)</font></font></td>
  </tr>
</table>
</blockquote>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.60
<SEQUENCE>3
<FILENAME>creagrt.htm
<DESCRIPTION>EXH. 10.60 - CREDIT AGREEMENT - JULY 23, 2001
<TEXT>
<html>

<head>
<meta name="GENERATOR" content="Microsoft FrontPage 4.0">
<meta name="ProgId" content="FrontPage.Editor.Document">
<title>CREDIT AGREEMENT</title>
</head>

<body leftmargin=10  topmargin="10">

<b>
<hr size="4" color="#0000FF">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="4">CREDIT AGREEMENT</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">Dated as of July __,
2001</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">Among</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="4">THE FINANCIAL
INSTITUTIONS NAMED HEREIN</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">as the Lenders</font></p>
</u>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">and</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="4">BANK OF AMERICA, N.A.</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">as the Administrative
Agent, Syndication Agent, Existing Titled<br>
Collateral Agent and Letter of Credit Issuer</font></p>
</u>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">and</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="4">THE CIT GROUP/BUSINESS
CREDIT, INC.</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">as the Collateral Agent</font></p>
</u>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">and</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="4">Miller Industries, Inc.
and its Subsidiaries</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">as the Borrowers</font></p>
</u></b>
<p ALIGN="CENTER">&nbsp;</p>
<u>
<hr size="4" color="#0000FF">
</u><b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">TABLE&nbsp;OF&nbsp;CONTENTS</font></p>
<p ALIGN="LEFT">&nbsp;</p>
</b>


  <table border="0" width="687" cellpadding="0">
    <tr>
      <td width="622"><b><u><font face="Times New Roman" size="2">Section</font></u></b><font face="Times New Roman" size="2">
        </font></td>
      <td width="51" align="center"><b><u><font face="Times New Roman" size="2">Page</font></u></b></td>
    </tr>
    <tr>
      <td width="622"></td>
      <td width="51" align="center"></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><b><font face="Times New Roman" size="2">ARTICLE 1
        LOANS&nbsp;AND&nbsp;LETTERS&nbsp;OF&nbsp;CREDIT</font></b></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><b><font face="Times New Roman" size="2">2</font></b></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">1.1
        Total&nbsp;Facility</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font face="Times New Roman" size="2">2</font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">1.2
        Revolving&nbsp;Loans</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font face="Times New Roman" size="2">2</font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">1.3
        Term&nbsp;Loans</font></td>
      <td width="51" align="center">
        <p align="center"><font face="Times New Roman" size="2">6</font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">1.4 Letters of
        Credit</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font face="Times New Roman" size="2">7</font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">1.5 Bank Products</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font face="Times New Roman" size="2">11</font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font SIZE="2"><b><font face="Times New Roman" size="2">ARTICLE
        2 INTEREST&nbsp;AND&nbsp;FEES</font></b></font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font SIZE="2"><b><font face="Times New Roman" size="2">11</font></b></font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">2.1 Interest</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font face="Times New Roman" size="2">11</font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">2.2 Continuation
        and Conversion Elections</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font face="Times New Roman" size="2">12</font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">2.3
        Maximum&nbsp;Interest&nbsp;Rate</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font face="Times New Roman" size="2">13</font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">2.4 Closing and
        Other &nbsp;Fees</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font face="Times New Roman" size="2">14</font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">2.5 Unused
        Line&nbsp;Fee</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font face="Times New Roman" size="2">14</font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">2.6
        Letter&nbsp;of&nbsp;Credit&nbsp;Fee</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font face="Times New Roman" size="2">14</font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT"><font SIZE="2"><b><font face="Times New Roman" size="2">ARTICLE
        3 PAYMENTS&nbsp;AND&nbsp;PREPAYMENTS</font></b></font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font SIZE="2"><b><font face="Times New Roman" size="2">14</font></b></font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.1
        Revolving&nbsp;Loans</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font face="Times New Roman" size="2">14</font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.2 Reduction and
        Termination&nbsp;of&nbsp;Facility</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font face="Times New Roman" size="2">15</font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.3
        Repayment&nbsp;of&nbsp;the&nbsp;Term&nbsp;Loans</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font face="Times New Roman" size="2">16</font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.4
        Prepayments&nbsp;of&nbsp;the&nbsp;Loans</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font face="Times New Roman" size="2">16</font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.5 LIBOR Rate
        Loan Prepayments</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font face="Times New Roman" size="2">17</font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.6 Payments by
        the Borrowers</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font face="Times New Roman" size="2">17</font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.7 Payments as
        Revolving Loans</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font face="Times New Roman" size="2">18</font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.8 Apportionment,
        Application and Reversal of Payments</font></td>
      <td width="51" align="center"><font face="Times New Roman" size="2">18</font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.9 Indemnity for
        Returned Payments</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font face="Times New Roman" size="2">18</font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.10 Collateral
        Agents&#146; and Lenders&#146; Books and Records; Monthly Statements</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font face="Times New Roman" size="2">19</font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.11
        Borrowers&#146; Agent</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font face="Times New Roman" size="2">19</font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.12
        Joint and Several Liability</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">20</font></font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.13
        Obligations Absolute</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">20</font></font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.14
        Waiver of Suretyship Defenses</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">21</font></font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">3.15
        Contribution and Indemnification among the Borrowers</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">21</font></font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT"><font SIZE="2"><b><font face="Times New Roman" size="2">ARTICLE
        4 TAXES, YIELD PROTECTION AND ILLEGALITY</font></b></font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font SIZE="2"><b><font face="Times New Roman" size="2">22</font></b></font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">4.1
        Taxes</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">22</font></font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">4.2
        Illegality</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">23</font></font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">4.3
        Increased Costs and Reduction of Return</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">23</font></font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">4.4
        Funding Losses</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">24</font></font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">4.5
        Inability to Determine Rates</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">24</font></font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">4.6
        Certificates of the Collateral Agent</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">25</font></font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">4.7
        Survival</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">25</font></font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT"><font SIZE="2"><b><font face="Times New Roman" size="2">ARTICLE
        5 BOOKS AND RECORDS; FINANCIAL INFORMATION; NOTICES</font></b></font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font SIZE="2"><b><font face="Times New Roman" size="2">25</font></b></font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">5.1
        Books&nbsp;and&nbsp;Records</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">25</font></font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">5.2
        Financial&nbsp;Information</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">25</font></font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">5.3
        Notices&nbsp;to&nbsp;the&nbsp;Lenders</font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">28</font></font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">5.4
        Subordinated Debt Certificate</font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">30</font></font></td>
    </tr>
    <tr>
      <td width="622" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font SIZE="2"><b><font face="Times New Roman" size="2">ARTICLE
        6 GENERAL&nbsp;WARRANTIES&nbsp;AND&nbsp;REPRESENTATIONS</font></b></font></td>
      <td width="51" align="center" bgcolor="#9BE4FD">
        <p ALIGN="center"><font SIZE="2"><b><font face="Times New Roman" size="2">31</font></b></font></td>
    </tr>
    <tr>
      <td width="622">
        <p ALIGN="LEFT" style="text-indent: 40"><font SIZE="2"><font face="Times New Roman" size="2">6.1
        Authorization, Validity, and Enforceability of this Agreement and the
        Loan Documents</font></font></td>
      <td width="51" align="center">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">31</font></font></td>
    </tr>
  </table>


<font SIZE="2">

  <p ALIGN="LEFT">&nbsp;</p>
  <p ALIGN="center">i</p>
  <hr color="#000080">

<p ALIGN="LEFT">&nbsp;</p>



    <table border="0" width="686" cellpadding="0">
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.2 Validity and
          Priority of Security Interest</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">31</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.3 Organization
          and Qualification</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">32</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.4 Corporate
          Name; Prior Transaction2</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p align="center"><font face="Times New Roman" size="2">32</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.5 Subsidiaries
          and Affiliates</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">32</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.6 Financial
          Statements and Projections</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">32</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.7
          Capitalization</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">33</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.8 Solvency</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">33</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.9 Debt</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">33</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.10
          Distributions</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">33</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.11 Real
          Estate; Leases</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">33</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.12 Proprietary
          Rights</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">33</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.13
          Trade&nbsp;Names</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">34</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.14 Litigation</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p align="center"><font face="Times New Roman" size="2">34</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.15 Labor
          Disputes</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">34</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.16
          Environmental Laws</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">34</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.17 No
          Violation of Law</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">34</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.18 No Default</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">35</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.19 ERISA
          Compliance</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">35</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.20 Taxes</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">36</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.21 Regulated
          Entities</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">36</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.22 Use of
          Proceeds; Margin Regulations</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">36</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.23 Copyrights,
          Patents, Trademarks and Licenses, etc.</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">36</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.24
          No&nbsp;Material&nbsp;Adverse&nbsp;Effect</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">37</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.25 Full
          Disclosure</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">37</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.26 Material
          Agreements</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">37</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.27 Bank
          Accounts</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">37</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">6.28
          Governmental Authorization</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">37</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT"><font SIZE="2"><b><font face="Times New Roman" size="2">ARTICLE
          7 AFFIRMATIVE AND NEGATIVE COVENANTS</font></b></font></td>
        <td width="51">
          <p ALIGN="center"><font SIZE="2"><b><font face="Times New Roman" size="2">37</font></b></font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.1 Taxes and
          Other Obligations</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">38</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.2 Legal
          Existence and Good Standing</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">38</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.3 Compliance
          with Law and Agreements; Maintenance of Licenses</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">38</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.4 Maintenance
          of Property; Inspection of Property</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">38</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.5 Insurance</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">39</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.6 Insurance
          and Condemnation Proceeds</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">40</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.7
          Environmental Laws</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">41</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.8 Compliance
          with ERISA</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">42</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.9 Mergers,
          Consolidations or Sales</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">43</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.10
          Distributions; Capital Change; Restricted Investments</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">44</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.11
          Transactions Affecting Collateral or Obligations</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">44</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.12 Guaranties</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">44</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.13 Debt</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">44</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.14 Prepayment;
          Amendments</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">45</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.15
          Transactions with Affiliates</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">45</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.16 Investment
          Banking and Finder&#146;s Fees</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">45</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.17 Business
          Conducted</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">46</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.18 Liens</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">46</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.19 Sale and
          Leaseback Transactions</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">46</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.20 New
          Subsidiaries</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">46</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.21 Fiscal Year</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">46</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.22 Capital
          Expenditures</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">46</font></td>
      </tr>
      <tr>
        <td width="621" bgcolor="#9BE4FD">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.23 Fixed
          Charge Coverage Ratio</font></td>
        <td width="51" bgcolor="#9BE4FD">
          <p ALIGN="center"><font face="Times New Roman" size="2">46</font></td>
      </tr>
      <tr>
        <td width="621">
          <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.24 EBITDA</font></td>
        <td width="51">
          <p ALIGN="center"><font face="Times New Roman" size="2">46</font></td>
      </tr>
    </table>


  <p ALIGN="center">ii</p>
  <hr color="#000080">
  <p ALIGN="LEFT">&nbsp;</p>
  <p ALIGN="LEFT">&nbsp;</p>
  <table border="0" width="687" cellpadding="0">
    <tr>
      <td width="620" bgcolor="#9BE4FD"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.25 Minimum Excess
        Availability</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD"><p ALIGN="center"><font face="Times New Roman" size="2">47</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
  <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.26 Use of Proceeds</font></p>
      </td>
      <td width="53">
  <p ALIGN="center"><font face="Times New Roman" size="2">47</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
  <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.27 Hedge Agreements</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
  <p align="center"><font face="Times New Roman" size="2">47</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
  <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.28 Banking
  Relationships</font></p>
      </td>
      <td width="53">
  <p ALIGN="center"><font face="Times New Roman" size="2">48</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
  <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.29 Repurchase and
  Chassis Floorplan Agreements</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
  <p ALIGN="center"><font face="Times New Roman" size="2">48</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
  <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.30 Billing and
  Collections</font></p>
      </td>
      <td width="53">
  <p ALIGN="center"><font face="Times New Roman" size="2">48</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
  <p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">7.31 Further Assurances</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
  <p align="center"><font face="Times New Roman" size="2">48</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">ARTICLE 8 CONDITIONS OF
LENDING</font>
</b>
</font>
        </p>
      </td>
      <td width="53">
<p ALIGN="center">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">48</font>
</b>
</font>
        </p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">8.1 Conditions Precedent
to Making of Loans on the Closing Date</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">48</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">8.2
Conditions&nbsp;Precedent&nbsp;to&nbsp;Each&nbsp;Loan</font></p>
      </td>
      <td width="53">
<p ALIGN="center"><font face="Times New Roman" size="2">51</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">ARTICLE 9 DEFAULT;
REMEDIES</font>
</b>
</font>
        </p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p ALIGN="center">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">52</font>
</b>
</font>
        </p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">9.1 Events of Default</font></p>
      </td>
      <td width="53">
<p ALIGN="center"><font face="Times New Roman" size="2">52</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">9.2
        Remedies</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD"><p ALIGN="center"><font face="Times New Roman" size="2">55</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">ARTICLE 10 TERM AND
TERMINATION</font>
</b>
</font>
        </p>
      </td>
      <td width="53">
<p ALIGN="center">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">56</font>
</b>
</font>
        </p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">10.1 Term and Termination</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">56</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">ARTICLE 11 AMENDMENTS;
WAIVERS; PARTICIPATIONS; ASSIGNMENTS; SUCCESSORS</font>
</b>
</font>
        </p>
      </td>
      <td width="53">
<p ALIGN="center">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">57</font>
</b>
</font>
        </p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">11.1 Amendments and
        Waivers</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD"><p align="center"><font face="Times New Roman" size="2">57</font></p>
      </td>
    </tr>
    <tr>
      <td width="620"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">11.2 Assignments;
        Participations</font></p>
      </td>
      <td width="53"><p ALIGN="center"><font face="Times New Roman" size="2">58</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">ARTICLE 12 THE AGENTS</font>
</b>
</font>
        </p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p ALIGN="center">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">60</font>
</b>
</font>
        </p>
      </td>
    </tr>
    <tr>
      <td width="620"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.1 Appointment and
Authorization</font></p>
      </td>
      <td width="53"><p ALIGN="center"><font face="Times New Roman" size="2">60</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.2 Delegation of Duties</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">61</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.3 Liability of the
Collateral Agent</font></p>
      </td>
      <td width="53">
<p ALIGN="center"><font face="Times New Roman" size="2">61</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.4 Reliance by the
Collateral Agent</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD"><p align="center"><font face="Times New Roman" size="2">61</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.5 Notice of Default</font></p>
      </td>
      <td width="53">
<p ALIGN="center"><font face="Times New Roman" size="2">62</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.6 Credit Decision</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">62</font></p>
      </td>
    </tr>
    <tr>
      <td width="620"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.7 Indemnification</font></p>
      </td>
      <td width="53"><p ALIGN="center"><font face="Times New Roman" size="2">62</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.8 Agent in Individual
Capacity</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p align="center"><font face="Times New Roman" size="2">63</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.9 Successor Collateral
Agent</font></p>
      </td>
      <td width="53">
<p ALIGN="center"><font face="Times New Roman" size="2">63</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.10 Withholding
        Tax</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD"><p ALIGN="center"><font face="Times New Roman" size="2">63</font></p>
      </td>
    </tr>
    <tr>
      <td width="620"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.11 Collateral
        Matters</font></p>
      </td>
      <td width="53"><p ALIGN="center"><font face="Times New Roman" size="2">65</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.12 Restrictions on
Actions by Lenders; Sharing of Payments</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD"><p ALIGN="center"><font face="Times New Roman" size="2">66</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.13 Agency for
Perfection</font></p>
      </td>
      <td width="53">
<p align="center"><font face="Times New Roman" size="2">67</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.14 Payments by the
Collateral Agent to Lenders</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">67</font></p>
      </td>
    </tr>
    <tr>
      <td width="620"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.15
        Settlement</font></p>
      </td>
      <td width="53"><p ALIGN="center"><font face="Times New Roman" size="2">67</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.16 Letters of Credit;
Intra-Lender Issues</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD"><p ALIGN="center"><font face="Times New Roman" size="2">70</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.17 Concerning the
Collateral and the Related Loan Documents</font></p>
      </td>
      <td width="53">
<p ALIGN="center"><font face="Times New Roman" size="2">72</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.18 Field Audit and
Examination Reports; Disclaimer by Lenders</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">73</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.19 Relation Among
Lenders</font></p>
      </td>
      <td width="53">
<p align="center"><font face="Times New Roman" size="2">73</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">12.20
Co-Agents</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p align="center"><font face="Times New Roman" size="2">74</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">ARTICLE 13 MISCELLANEOUS</font>
</b>
</font>
        </p>
      </td>
      <td width="53">
<p ALIGN="center">


<font SIZE="2">

<b>
<font face="Times New Roman" size="2">75</font>
</b>
</font>
        </p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.1 No&nbsp;Waivers;
Cumulative Remedies</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">75</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.2 Severability</font></p>
      </td>
      <td width="53">
<p ALIGN="center"><font face="Times New Roman" size="2">75</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.3 Governing Law; Choice
of Forum; Service of Process</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD"><p ALIGN="center"><font face="Times New Roman" size="2">76</font></p>
      </td>
    </tr>
    <tr>
      <td width="620"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.4 WAIVER OF JURY TRIAL</font></p>
      </td>
      <td width="53"><p ALIGN="center"><font face="Times New Roman" size="2">76</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.5 Survival of
Representations and Warranties</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">77</font></p>
      </td>
    </tr>
    <tr>
      <td width="620">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.6 Other Security and
Guaranties</font></p>
      </td>
      <td width="53">
<p ALIGN="center"><font face="Times New Roman" size="2">77</font></p>
      </td>
    </tr>
    <tr>
      <td width="620" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.7 Fees and Expenses</font></p>
      </td>
      <td width="53" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">77</font></p>
      </td>
    </tr>
  </table>



<font SIZE="2">


  <p ALIGN="center">iii</p>
  <hr color="#000080">

  <p ALIGN="LEFT">&nbsp;</p>
</font>
<p ALIGN="LEFT">&nbsp;</p>
  <table border="0" width="687" cellpadding="0">
    <tr>
      <td width="617" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.8 Notices</font></p>
      </td>
      <td width="56" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">78</font></p>
      </td>
    </tr>
    <tr>
      <td width="617">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.9
Waiver&nbsp;of&nbsp;Notices</font></p>
      </td>
      <td width="56">
<p ALIGN="center"><font face="Times New Roman" size="2">80</font></p>
      </td>
    </tr>
    <tr>
      <td width="617" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.10 Binding Effect</font></p>
      </td>
      <td width="56" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">80</font></p>
      </td>
    </tr>
    <tr>
      <td width="617">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.11 Indemnity of the
Agents and the Lenders by the Borrowers</font></p>
      </td>
      <td width="56">
<p ALIGN="center"><font face="Times New Roman" size="2">80</font></p>
      </td>
    </tr>
    <tr>
      <td width="617" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.12 Limitation of
Liability</font></p>
      </td>
      <td width="56" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">81</font></p>
      </td>
    </tr>
    <tr>
      <td width="617">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.13 Final Agreement</font></p>
      </td>
      <td width="56">
<p align="center"><font face="Times New Roman" size="2">81</font></p>
      </td>
    </tr>
    <tr>
      <td width="617" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.14 Counterparts</font></p>
      </td>
      <td width="56" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">82</font></p>
      </td>
    </tr>
    <tr>
      <td width="617">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.15 Captions</font></p>
      </td>
      <td width="56">
<p ALIGN="center"><font face="Times New Roman" size="2">82</font></p>
      </td>
    </tr>
    <tr>
      <td width="617" bgcolor="#9BE4FD">
<p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.16 Right of Setoff</font></p>
      </td>
      <td width="56" bgcolor="#9BE4FD">
<p ALIGN="center"><font face="Times New Roman" size="2">82</font></p>
      </td>
    </tr>
    <tr>
      <td width="617"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.17
        Confidentiality</font></p>
      </td>
      <td width="56"><p ALIGN="center"><font face="Times New Roman" size="2">82</font></p>
      </td>
    </tr>
    <tr>
      <td width="617" bgcolor="#9BE4FD"><p ALIGN="LEFT" style="text-indent: 40"><font face="Times New Roman" size="2">13.18 Conflicts with Other
Loan Documents</font></p>
      </td>
      <td width="56" bgcolor="#9BE4FD"><p ALIGN="center"><font face="Times New Roman" size="2">83</font></p>
      </td>
    </tr>
  </table>


  <p ALIGN="center">&nbsp;</p>


  <p ALIGN="center">iv</p>
  <hr color="#000080">
</font>
<p ALIGN="LEFT">&nbsp;</p>
<u>
<p ALIGN="CENTER">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">ANNEXES, EXHIBITS AND
SCHEDULES</font></p>
</b></u>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">ANNEX A - DEFINED TERMS</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">EXHIBIT A - FORM OF
BORROWING BASE CERTIFICATE</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">EXHIBIT B - FORM OF NOTICE
OF BORROWING</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">EXHIBIT C - FINANCIAL
STATEMENTS</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">EXHIBIT D - FORM OF NOTICE
OF CONTINUATION/CONVERSION</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">EXHIBIT E - FORM OF
ASSIGNMENT AND ACCEPTANCE AGREEMENT</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">EXHIBIT F - FORM OF
COMPLIANCE CERTIFICATE</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 1.1 - LENDERS&#146;
COMMITMENTS (ANNEX&nbsp;A - DEFINED TERMS)</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.3 - ORGANIZATION AND QUALIFICATIONS</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.4 - PRIOR
NAMES / TRANSACTIONS</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.5 - SUBSIDIARIES AND AFFILIATES</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.7 - CAPITALIZATION</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.9 - DEBT</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.11 - REAL
ESTATE; LEASES</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.12 - PROPRIETARY RIGHTS</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.13 - TRADE
NAMES</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.14 - LITIGATION</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.15 - LABOR
DISPUTES</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.16 - ENVIRONMENTAL LAW</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.26 - MATERIAL
AGREEMENTS</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 6.27 - BANK
ACCOUNTS</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 7.10 - EXISTING
INVESTMENTS</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 7.15 - AFFILIATE TRANSACTIONS</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">SCHEDULE 7.18 - PERMITTED LIENS</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>


<font SIZE="2">


  <p ALIGN="center">v/</p>
  <hr color="#000080">
  <p ALIGN="LEFT">&nbsp;</p>
</font>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">CREDIT AGREEMENT</font></p>
</b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">This Credit Agreement,
dated as of July 23, 2001, (this &quot;<u>Agreement</u>&quot;) among the
financial institutions from time to time parties hereto (such financial
institutions, together with their respective successors and assigns, are
referred to hereinafter each individually as a &quot;<u>Lender</u>&quot; and
collectively as the &quot;<u>Lenders</u>&quot;), Bank of America, N.A., as
administrative agent, syndication agent and existing titled collateral agent (in
such capacity, the &quot;<u>Administrative Agent</u>&quot;, &quot;<u>Syndication
Agent</u>&quot; and &quot;<u>Existing Titled Collateral Agent</u>&quot;) and as
Letter of Credit Issuer, The CIT Group/Business Credit, Inc., as collateral
agent for the Lenders (in such capacity, the &quot;<u>Collateral Agent</u>&quot;;
the Administrative Agent, the Syndication Agent, the Existing Titled Collateral
Agent and the Collateral Agent, collectively, the &quot;<u>Agents</u>&quot; and,
individually, an &quot;<u>Agent</u>&quot;), and Miller Industries, Inc., a
Tennessee corporation (&quot;<u>Parent</u>&quot;), and each of the other Miller
Borrowers and Road One Borrowers, as such terms are hereafter defined (Parent
and the other Miller Borrowers and Road One Borrowers, collectively, &quot;<u>Borrowers</u>&quot;,
and, individually, a &quot;<u>Borrower</u>&quot;).</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">W</font></u><font face="Times New Roman" size="2">
<u>I</u> <u>T</u> <u>N</u> <u>E</u> <u>S</u> <u>S</u> <u>E</u> <u>T</u> <u>H</u>:</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">WHEREAS, the Borrowers
have requested the Lenders to make available to the Borrowers a credit facility
on the terms set forth herein, which credit facility the Borrowers will use for
the purposes permitted hereunder; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">WHEREAS, in order to
utilize the financial powers of the Borrowers in the most efficient and
economical manner, and in order to facilitate the financing of the Borrowers&#146;
working capital needs, the Lenders will, at the request of the Borrowers, extend
financial accommodations to the Borrowers based on the combined borrowing bases
of the Miller Borrowers and the RoadOne Borrowers in accordance with the
provisions set forth in this Agreement; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">WHEREAS, the Borrowers&#146;
business is a mutual and collective enterprise and the Borrowers believe that
the consolidation of all loans and other financial accommodations under this
Agreement will enhance the aggregate borrowing powers of the Borrowers and
facilitate the administration of their loan relationship with the Agents and the
Lenders, all to the mutual advantage of the Borrowers; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">WHEREAS, each Borrower
acknowledges that it will receive substantial direct and indirect benefits by
reason of the making of loans and other financial accommodations to the other
Borrowers as provided in this Agreement, by virtue of the Borrowers&#146; various
inter-relationships as joint guarantors or joint obligors and the beneficiaries
thereof, as lessors and lessees, as suppliers and customers, and as joint
venturers; and</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">WHEREAS, the Agents&#146;
and the Lenders&#146; willingness to extend financial accommodations to the
Borrowers, and to administer the Borrowers&#146; collateral security therefor, on a
combined basis as more fully set forth in this Agreement, is done solely as an
accommodation to the Borrowers and at the Borrowers&#146; request and in
furtherance of the Borrowers&#146; mutual and collective enterprise; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">WHEREAS, capitalized
terms used in this Agreement and not otherwise defined herein shall have the
meanings ascribed thereto in <u>Annex A</u> which is attached hereto and
incorporated herein; the rules of construction contained therein shall govern
the interpretation of this Agreement; and all Annexes, Exhibits and Schedules
attached hereto are incorporated herein by reference; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">WHEREAS, based on the
foregoing, the Agents and the Lenders have agreed to make available to the
Borrowers a credit facility upon the terms and conditions set forth in this
Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">NOW, THEREFORE, in
consideration of the mutual conditions and agreements set forth in this
Agreement, and for good and valuable consideration, the receipt of which is
hereby acknowledged, the Lenders, the Agents, the Letter of Credit Issuer and
the Borrowers hereby agree as follows.</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200202">ARTICLE
1</a><a NAME="_Toc487864543"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452834">LOANS&nbsp;AND&nbsp;LETTERS&nbsp;OF&nbsp;CREDIT</a></font></p>
</u>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200203">1.1
    </a><a NAME="_Toc487864544">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452835"><u>Total&nbsp;Facility</u></a><u>.</u></font>&nbsp;
    <font face="Times New Roman" size="2">&nbsp;Subject to all of the
terms and conditions of this Agreement, the Lenders agree to make available a
total credit facility of up to $110,000,000 (the &quot;<u>Total Facility</u>&quot;)
to the Borrowers from time to time during the term of this Agreement. The Total
Facility shall be composed of a revolving line of credit consisting of Revolving
Loans and Letters of Credit and the Term Loans described herein.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200204">1.2
    </a><a NAME="_Toc487864545">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452836"><u>Revolving&nbsp;Loans</u></a>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Amounts</u>.
Subject to the terms and conditions set forth in this Agreement, each Lender
severally, but not jointly, agrees, upon any Borrower&#146;s request from time to
time on any Business Day during the period from the Closing Date to the
Termination Date, to make revolving loans (the &quot;<u>Revolving&nbsp;Loans</u>&quot;)
to (i) the Miller Borrowers in amounts not to exceed such Lender&#146;s Pro Rata
Share of the Miller Borrowing Base, and (ii) the RoadOne Borrowers in amounts
not to exceed such Lender&#146;s Pro Rata Share of the RoadOne Borrowing Base;
provided, however, that in no event shall (A) the Aggregate Revolver
Outstandings exceed Availability, (B) the Aggregate Miller Revolver Outstandings
exceed Miller Availability, or (C) the Aggregate RoadOne Revolver Outstandings
exceed RoadOne Availability. The Lenders, however, in their unanimous
discretion, may elect to make Revolving Loans or issue or arrange to have issued
Letters of Credit in excess of the Miller Borrowing Base and/or the RoadOne&nbsp;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-2-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">
Borrowing Base on one or more occasions, but if they do so, neither the
Collateral Agent nor the Lenders shall be deemed thereby to have changed the
limits of the Miller Borrowing Base or the RoadOne Borrowing Base or to be
obligated to exceed such limits on any other occasion. If (A) the Aggregate
Miller Revolver Outstandings would exceed Miller Availability after giving
effect to any Borrowing, (B) the Aggregate RoadOne Revolver Outstandings would
exceed RoadOne Availability after giving effect to any Borrowing, or (C) the
Aggregate Revolver Outstandings would exceed Availability after giving effect to
any Borrowing, the Lenders may refuse to make or may otherwise restrict the
making of Revolving Loans as the Lenders determine until such excess has been
eliminated, subject to the Collateral Agent&#146;s authority, in its sole
discretion, to make Agent Advances pursuant to the terms of <u>Section&nbsp;1.2(i)</u>.</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Procedure
        for Borrowing</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Borrowing
shall be made upon a Borrower&#146;s irrevocable written notice delivered to the
Collateral Agent in the form of a notice of borrowing (&quot;<u>Notice of
Borrowing</u>&quot;), which must be received by the Collateral Agent prior to (i)
12:00 noon (Atlanta, Georgia time) three (3) Business Days prior to the
requested Funding Date, in the case of LIBOR Rate Loans, and (ii) 12:00 noon
(Atlanta, Georgia time) on the requested Funding Date, in the case of Base Rate
Loans, specifying:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;whether the
Borrowing is being made by a Miller Borrower or a RoadOne Borrower;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the amount of the
Borrowing, which in the case of a LIBOR Rate Loan must equal or exceed
$1,000,000 (and increments of $500,000 in excess of such amount);</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the requested
Funding Date, which must be a Business Day;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;whether the
Revolving Loans requested are to be Base Rate Revolving Loans or LIBOR Revolving
Loans (and if not specified, it shall be deemed a request for a Base Rate
Revolving Loan); and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(E)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the duration of the
Interest Period for LIBOR Revolving Loans (and if not specified, it shall be
deemed a request for an Interest Period of one month);</font></p>
<u>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">provided</font></u><font face="Times New Roman" size="2">,
<u>however</u>, that with respect to the Borrowing to be made on the Closing
Date, such Borrowings will consist of Base Rate Revolving Loans only.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
lieu of delivering a Notice of Borrowing, a Borrower may give the Collateral
Agent telephonic notice of such request for advances to the Designated Account
on or before the deadline set forth above. The Collateral Agent at all times
shall be entitled to rely on such telephonic notice in making such Revolving
Loans, regardless of whether any written confirmation is received.</font></p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-3-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever checks,
ACH transfers or similar items are presented to Bank of America for payment
against a Designated Account or any other account of a Borrower maintained with
Bank of America in an amount greater than the then available balance in such
accounts, such presentation shall be deemed to be a request for a Base Rate
Revolving Loan on the date of such presentation in an amount equal to the excess
of such checks over such available balances, and such request shall be
irrevocable. The Borrowers&#146; Agent shall promptly notify the Collateral Agent
(which notice may be telephonic) of any such deemed request for a Base Rate
Revolving Loan. If all of the conditions precedent to the making of such Base
Rate Revolving Loan are satisfied, the Collateral Agent shall make the election
described in <u>Section 1.2(f)</u> and such Base Rate Revolving Loan shall be
funded accordingly. If all of the conditions precedent to the making of such
Base Rate Revolving Loan are not satisfied, and any such ACH transfer or similar
item may not in Bank of America&#146;s reasonable judgment be returned or rejected
by Bank of America, the Lenders agree, notwithstanding the failure of the
Borrowers to satisfy the conditions precedent to the making of such Base Rate
Revolving Loan or anything to the contrary contained in this Agreement, to make
one or more Loans in the amount of such ACH transfer or similar item.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the election of
the Required Lenders, the Borrowers shall have no right to request a LIBOR Loan
while a Default or Event of Default has occurred and is continuing.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Reliance upon
Authority</u>. Prior to the Closing Date, the Borrowers shall deliver to the
Collateral Agent a notice setting forth the separate accounts of the Miller
Borrowers and the RoadOne Borrowers maintained with Bank of America (the &quot;<u>Designated
Accounts</u>&quot;) to which the Collateral Agent is authorized to transfer the
proceeds of the Revolving Loans requested hereunder. The Borrowers may designate
replacement Designated Accounts from time to time by written notice. Such
Designated Accounts must be reasonably satisfactory to the Collateral Agent. The
Collateral Agent is entitled to rely conclusively on any person&#146;s request for
Revolving Loans on behalf of any Borrower, so long as the proceeds thereof are
to be transferred to a Designated Account. The Collateral Agent has no duty to
verify the identity of any individual representing himself or herself as a
person authorized by any Borrower to make such requests on its behalf.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>No Liability</u>.
The Collateral Agent shall not incur any liability to any Borrower as a result
of acting upon any notice referred to in <u>Sections 1.2(b)</u> and <u>(c)</u>,
which the Collateral Agent believes in good faith to have been given by an
officer or other person duly authorized by any Borrower to request Revolving
Loans on its behalf. The crediting of Revolving Loans to a Designated Account
conclusively establishes the obligation of the Borrowers to repay such Revolving
Loans as provided herein.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Notice
Irrevocable</u>. Any Notice of Borrowing (or telephonic notice in lieu thereof)
made pursuant to <u>Section&nbsp;1.2(b)</u> shall be irrevocable. The Borrowers
shall be bound to borrow the funds requested therein in accordance therewith.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Collateral Agent&#146;s
Election</u>. Promptly after receipt of a Notice of Borrowing (or telephonic
notice in lieu thereof), the Collateral Agent shall elect to have the terms of <u>Section
1.2(g)</u> or the terms of <u>Section 1.2(h)</u> apply to such requested
Borrowing. If CIT declines in its sole discretion to make a Non-Ratable Loan
pursuant to <u>Section&nbsp;1.2(h)</u>, the terms of <u>Section&nbsp;1.2(g)</u>
shall apply to the requested Borrowing.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-4-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Making of
Revolving Loans</u>. If the Collateral Agent elects to have the terms of this <u>Section
1.2(g)</u> apply to a requested Borrowing, then promptly after receipt of a
Notice of Borrowing or telephonic notice in lieu thereof, the Collateral Agent
shall notify the Lenders by telecopy, telephone or e-mail of the requested
Borrowing. Each Lender shall transfer its Pro Rata Share of the requested
Borrowing to the Collateral Agent in immediately available funds, to the account
from time to time designated by the Collateral Agent, not later than 1:00 p.m.
(Atlanta, Georgia time) on the applicable Funding Date. After the Collateral
Agent&#146;s receipt of all proceeds of such Revolving Loans, the Collateral Agent
shall make the proceeds of such Revolving Loans available to the Borrowers on
the applicable Funding Date by transferring same day funds to the account
designated by the applicable Borrower; <u>provided</u>, <u>however</u>, that the
amount of Revolving Loans so made on any date shall be permitted in accordance
with <u>Section 1.2(a)</u>.</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Making
        of Non-Ratable Loans</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Collateral
Agent elects, with the consent of CIT, to have the terms of this <u>Section
1.2(h)</u> apply to a requested Borrowing, CIT shall make a Revolving Loan in
the amount of that Borrowing available to the Borrowers on the applicable
Funding Date by transferring same day funds to the applicable Designated
Account. Each Revolving Loan made solely by CIT pursuant to this Section is
herein referred to as a &quot;<u>Non-Ratable Loan</u>&quot;, and such Revolving
Loans are collectively referred to as the &quot;<u>Non-Ratable Loans</u>.&quot;
Each Non-Ratable Loan shall be subject to all the terms and conditions
applicable to other Revolving Loans except that all payments thereon shall be
payable to CIT solely for its own account. The Collateral Agent shall not
request CIT to make any Non-Ratable Loan if (1)&nbsp;the Collateral Agent has
received written notice from any Lender that one or more of the applicable
conditions precedent set forth in <u>Article&nbsp;8</u> will not be satisfied on
the requested Funding Date for the applicable Borrowing, or (2)&nbsp;the
requested Borrowing would exceed the applicable amount permitted under <u>Section
1.2</u> on that Funding Date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Non-Ratable
Loans shall be secured by the Agent&#146;s Liens in and to the Collateral and shall
constitute Base Rate Revolving Loans and Obligations hereunder.</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Agent
        Advances</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the
limitations set forth below, the Collateral Agent is authorized by the Borrowers
and the Lenders, from time to time in the Collateral Agent&#146;s sole discretion,
(1) after the occurrence of a Default or an Event of Default, or (2) at any time
that any of the other conditions precedent set forth in Article&nbsp;8
have not been satisfied, to make Base Rate Revolving Loans to the Borrowers on
behalf of the Lenders in an aggregate amount outstanding at any time not to
exceed $3,000,000, but not in excess of the Maximum Revolver Amount, which the
Collateral Agent, in its reasonable business judgment, deems necessary or
desirable (1) to preserve or protect the Collateral, or any portion thereof, (2)
to enhance the likelihood of, or</font></p>
<p ALIGN="center" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-5-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">maximize the amount of, repayment of the Loans
and other Obligations (including through Base Rate Revolving Loans for the
purpose of enabling the Borrowers to meet payroll and associated tax
obligations), or (3) to pay any other amount chargeable to the Borrowers
pursuant to the terms of this Agreement, including costs, fees and expenses as
described in Section&nbsp;13.7 (any of such advances are herein referred
to as &quot;Agent Advances&quot;); provided, that Agent Advances
shall not be outstanding for more than sixty (60) consecutive days; provided, further, that the Required Lenders may at any time revoke the Collateral
Agent&#146;s authorization to make Agent Advances. Any such revocation must be in
writing and shall become effective prospectively upon the Collateral Agent&#146;s
receipt thereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agent Advances
shall be secured by the Agent&#146;s Liens in and to the Collateral and shall
constitute Base Rate Revolving Loans and Obligations hereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Adjustments to
Revolver Amounts</u>. The Borrowers&#146; Agent may from time to time, at its
option upon at least five (5) Business Days&#146; prior written notice to the
Collateral Agent, adjust the respective amounts of the Maximum Miller Revolver
Amount and the Maximum RoadOne Revolver Amount, so long as (i) no Default or
Event of Default then exists or will result therefrom, (ii) any such adjustment
shall be in a minimum amount of $1,000,000 and integral multiples of $1,000,000
in excess thereof, and (iii) the aggregate amount of the Maximum Miller Revolver
Amount and the Maximum RoadOne Revolver Amount, as adjusted, shall equal the
Maximum Revolver Amount. The Collateral Agent shall promptly notify each Lender
of receipt by the Collateral Agent of any notice from the Borrowers&#146; Agent
pursuant to this <u>Section 1.2(j)</u>.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200205">1.3
    </a><a NAME="_Toc487864546">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452837"><u>Term&nbsp;Loans</u>.</a></font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Amounts of Term
Loans</u>. Each Lender severally agrees to make a term loan (any such term loan
being referred to as a &quot;<u>Term Loan</u>&quot; and such term loans being
referred to collectively as the &quot;<u>Term Loans</u>&quot;) to the Borrowers
on the Closing Date, upon the satisfaction of the conditions precedent set forth
in <u>Article 8</u>, in an amount equal to such Lender&#146;s Pro Rata Share of
$8,000,000. The Term Loans shall initially be Base Rate Term Loans.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Making of Term
Loans</u>. Each Lender shall make the amount of such Lender&#146;s Term Loan
available to the Collateral Agent in same day funds, to the Collateral Agent&#146;s
designated account, not later than 3:00 p.m. (Atlanta, Georgia time) on the
Closing Date. After the Collateral Agent&#146;s receipt of the proceeds of such
Term Loans, upon satisfaction of the conditions precedent set forth in <u>Article&nbsp;8</u>,
the Collateral Agent shall make the proceeds of such Term Loans available to the
Borrowers on such Funding Date by transferring same day funds equal to the
proceeds of such Term Loans received by the Collateral Agent to the Designated
Account.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Term Loan
Amortization</u>. The Term Loan shall be due and payable in consecutive monthly
principal installments of $167,000 each on the first day of each calendar month,
commencing on August&nbsp;1, 2001, with a final principal installment of all
unpaid principal due and payable on the Termination Date. Each such installment
shall be payable to the Collateral</font></p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-6-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">&nbsp;Agent for the account of the applicable
Lenders. Payments or prepayments of the Term Loans may not be reborrowed.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200206">1.4
    </a><a NAME="_Toc487864547">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452838"><u>Letters
    of Credit</u></a><u>.</u></font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Agreement to
Issue or Cause To Issue</u>. Subject to the terms and conditions of this
Agreement, the Collateral Agent agrees to cause the Letter of Credit Issuer to
issue, and the Letter of Credit Issuer agrees to issue, for the account of the
Borrowers, one or more commercial/documentary and standby letters of credit
(each a &quot;<u>Letter of Credit</u>&quot;).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Amounts; Outside
Expiration Date</u>. The Collateral Agent shall not have any obligation to cause
to be issued, and the Letter of Credit Issuer shall not have any obligation to
issue, any Letter of Credit at any time if: (i) the maximum face amount of the
requested Letter of Credit is greater than the Unused Letter of Credit
Subfacility at such time; (ii) the maximum undrawn amount of the requested
Letter of Credit and all commissions, fees, and charges due from the Borrowers
in connection with the opening thereof (A) would exceed Availability at such
time, (B) in the case of any Letter of Credit requested by a Miller Borrower,
would exceed the maximum amount of Revolving Loans that could be incurred by the
Miller Borrowers at such time in accordance with <u>Section 1.2</u>, or (C) in
the case of any Letter of Credit requested by a RoadOne Borrower, would exceed
the maximum amount of Revolving Loans that could be incurred by the RoadOne
Borrowers at such time in accordance with <u>Section 1.2</u>; or (iii) such
Letter of Credit has an expiration date less than thirty (30) days prior to the
Stated Termination Date or more than 12 months from the date of issuance for
standby letters of credit and one hundred eighty (180) days for documentary
letters of credit. With respect to any Letter of Credit which contains any
&quot;evergreen&quot; or automatic renewal provision, each Lender shall be
deemed to have consented to any such extension or renewal unless any such Lender
shall have provided to the Collateral Agent and the Letter of Credit Issuer
written notice that it declines to consent to any such extension or renewal at
least thirty (30) days prior to the date on which the Letter of Credit Issuer is
entitled to decline to extend or renew the Letter of Credit. If all of the
requirements of this <u>Section 1.4</u> are met and no Default or Event of
Default has occurred and is continuing, no Lender shall decline to consent to
any such extension or renewal.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Other Conditions</u>.
In addition to conditions precedent contained in <u>Article&nbsp;8</u>, the
obligation of the Collateral Agent to cause to be issued, and the Letter of
Credit Issuer to issue, any Letter of Credit is subject to the following
conditions precedent having been satisfied in a manner reasonably satisfactory
to the Collateral Agent and the Letter of Credit Issuer:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall
have delivered to the Letter of Credit Issuer, at such times and in such manner
as such Letter of Credit Issuer may prescribe, an application in form and
substance satisfactory to the Letter of Credit Issuer and reasonably
satisfactory to the Collateral Agent for the issuance of the Letter of Credit
and such other documents as may be required pursuant to the terms thereof, and
the form, terms and purpose of the proposed Letter of Credit shall be reasonably
satisfactory to the Collateral Agent and the Letter of Credit Issuer; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-7-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of the date of
issuance, no order of any court, arbitrator or Governmental Authority shall
purport by its terms to enjoin or restrain money center banks generally from
issuing letters of credit of the type and in the amount of the proposed Letter
of Credit, and no law, rule or regulation applicable to money center banks
generally and no request or directive (whether or not having the force of law)
from any Governmental Authority with jurisdiction over money center banks
generally shall prohibit, or request that the proposed Letter of Credit Issuer
refrain from, the issuance of letters of credit generally or the issuance of
such Letters of Credit.</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Issuance
        of Letters of Credit</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Request for
Issuance</u>. The Borrowers must notify the Collateral Agent and the Letter of
Credit Issuer of a requested Letter of Credit at least three (3) Business Days
prior to the proposed issuance date. Such notice shall be irrevocable and must
specify the original face amount of the Letter of Credit requested, the Business
Day of issuance of such requested Letter of Credit, whether such Letter of
Credit may be drawn in a single or in partial draws, the Business Day on which
the requested Letter of Credit is to expire, the purpose for which such Letter
of Credit is to be issued, the beneficiary of the requested Letter of Credit,
and whether the requested Letter of Credit is for the account of a Miller
Borrower or a RoadOne Borrower. The Borrowers shall attach to such notice the
proposed form of the Letter of Credit.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Responsibilities
of the Collateral Agent; Issuance</u>. As of the Business Day immediately
preceding the requested issuance date of the Letter of Credit, the Collateral
Agent shall determine the amount of the applicable Unused Letter of Credit
Subfacility, Availability, and Miller Availability and RoadOne Availability, as
the case may be. If (a) the face amount of the requested Letter of Credit is
less than the Unused Letter of Credit Subfacility and (b) the amount of such
requested Letter of Credit and all commissions, fees, and charges due from the
Borrowers in connection with the opening thereof would not cause the Borrowers
to exceed Availability (and would also not cause the Miller Borrowers to exceed
Miller Availability, in the case of any Letter of Credit requested by a Miller
Borrower, or the RoadOne Borrowers to exceed RoadOne Availability, in the case
of any Letter of Credit issued for the account of a RoadOne Borrower), the
Collateral Agent shall cause the Letter of Credit Issuer to issue, and the
Letter of Credit Issuer shall issue, the requested Letter of Credit on the
requested issuance date so long as the other conditions hereof are met.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>No Extensions or
Amendment</u>. The Collateral Agent shall not be obligated to cause the Letter
of Credit Issuer to extend or amend, and the Letter of Credit Issuer shall not
be obligated to extent or amend, any Letter of Credit issued pursuant hereto
unless the requirements of this <u>Section 1.4</u> are met as though a new
Letter of Credit were being requested and issued.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Payments
Pursuant to Letters of Credit</u>. The Borrowers agree to reimburse immediately
the Letter of Credit Issuer for any draw under any Letter of Credit, and to pay
the Letter of Credit Issuer the amount of all other charges and fees payable to
the Letter of Credit Issuer in connection with any Letter of Credit immediately
when due, irrespective of any claim, setoff, defense or other right which the
Borrowers may have at any time against the Letter</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-8-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">of Credit Issuer or any other
Person. Each drawing under any Letter of Credit shall constitute a request by
the Borrowers to the Collateral Agent for a Borrowing of a Base Rate Revolving
Loan in the amount of such drawing. The Funding Date with respect to such
Borrowing shall be the date of such drawing.</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Indemnification;
        Exoneration; Power of Attorney</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Indemnification</u>.
In addition to amounts payable as elsewhere provided in this <u>Section 1.4</u>,
the Borrowers agree to protect, indemnify, pay and save the Lenders, the Letter
of Credit Issuer and the Collateral Agent harmless from and against any and all
claims, demands, liabilities, damages, losses, costs, charges and expenses
(including reasonable attorneys&#146; fees) which any Lender, the Letter of Credit
Issuer or the Collateral Agent may incur or be subject to as a consequence,
direct or indirect, of the issuance of any Letter of Credit, except to the
extent of such Person&#146;s gross negligence or willful misconduct. The Borrowers&#146;
obligations under this Section shall survive payment of all other Obligations.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Assumption of
Risk by the Borrowers</u>. As among the Borrowers, the Lenders, the Letter of
Credit Issuer and the Collateral Agent, the Borrowers assume all risks of the
acts and omissions of, or misuse of any of the Letters of Credit by, the
respective beneficiaries of such Letters of Credit. In furtherance and not in
limitation of the foregoing, the Lenders, the Letter of Credit Issuer and the
Collateral Agent shall not be responsible for: (A) the form, validity,
sufficiency, accuracy, genuineness or legal effect of any document submitted by
any Person in connection with the application for and issuance of and
presentation of drafts with respect to any of the Letters of Credit, even if it
should prove to be in any or all respects invalid, insufficient, inaccurate,
fraudulent or forged; (B) the validity or sufficiency of any instrument
transferring or assigning or purporting to transfer or assign any Letter of
Credit or the rights or benefits thereunder or proceeds thereof, in whole or in
part, which may prove to be invalid or ineffective for any reason; (C) the
failure of the beneficiary of any Letter of Credit to comply duly with
conditions required in order to draw upon such Letter of Credit; (D) errors,
omissions, interruptions, or delays in transmission or delivery of any messages,
by mail, cable, telegraph, telex or otherwise, whether or not they be in cipher;
(E) errors in interpretation of technical terms; (F) any loss or delay in the
transmission or otherwise of any document required in order to make a drawing
under any Letter of Credit or of the proceeds thereof; (G) the misapplication by
the beneficiary of any Letter of Credit of the proceeds of any drawing under
such Letter of Credit; (H) any consequences arising from causes beyond the
control of the Lenders, the Letter of Credit Issuer or the Collateral Agent,
including any act or omission, whether rightful or wrongful, of any present or
future <u>de</u> <u>jure</u> or <u>de</u> <u>facto</u> Governmental Authority;
or (I) the Letter of Credit Issuer&#146;s honor of a draw for which the draw or any
certificate fails to comply in any respect with the terms of the Letter of
Credit. None of the foregoing shall affect, impair or prevent the vesting of any
rights or powers of the Collateral Agent, the Letter of Credit Issuer or any
Lender under this <u>Section 1.4(f)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Exoneration</u>.
Without limiting the foregoing, no action or omission whatsoever by the
Collateral Agent, the Letter of Credit Issuer or any Lender shall result in any
liability of the Collateral Agent, the Letter of Credit Issuer or any Lender to
any Borrower,</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-9-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">or relieve any Borrower of any of its obligations hereunder to any
such Person, except to the extent of such Person&#146;s gross negligence or willful
misconduct.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Rights Against
Letter of Credit Issuer</u>. Nothing contained in this Agreement is intended to
limit the Borrowers&#146; rights, if any, with respect to the Letter of Credit
Issuer which arise as a result of the letter of credit application and related
documents executed by and between any Borrower and the Letter of Credit Issuer.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Account Party</u>.
The Borrowers hereby authorize and direct the Letter of Credit Issuer to name
the applicable Borrower as the &quot;Account Party&quot; in any Letter of Credit
and to deliver to the Collateral Agent all instruments, documents and other
writings and property received by the Letter of Credit Issuer pursuant to the
Letter of Credit, and to accept and rely upon the Collateral Agent&#146;s
instructions and agreements with respect to all matters arising in connection
with the Letter of Credit or the application therefor.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Supporting
Letter of Credit; Cash Collateral</u>. If, notwithstanding the provisions of <u>Section
1.4(b)</u> and <u>Section 10.1</u>, any Letter of Credit is outstanding upon the
termination of this Agreement, then upon such termination the Borrowers shall
deposit with the Letter of Credit Issuer, for the benefit of the Collateral
Agent, the Letter of Credit Issuer and the Lenders, with respect to each Letter
of Credit then outstanding, a standby letter of credit (a &quot;<u>Supporting
Letter of Credit</u>&quot;) in form and substance satisfactory to the Collateral
Agent and the Letter of Credit Issuer, issued by an issuer satisfactory to the
Collateral Agent and the Letter of Credit Issuer in an amount equal to 103% of
the greatest amount for which such Letter of Credit may be drawn plus any fees
and expenses associated with such Letter of Credit, under which Supporting
Letter of Credit the Letter of Credit Issuer is entitled to draw amounts
necessary to reimburse the Collateral Agent, the Letter of Credit Issuer and the
Lenders for payments to be made by the Collateral Agent, the Letter of Credit
Issuer and the Lenders under such Letter of Credit and any fees and expenses
associated with such Letter of Credit. Such Supporting Letter of Credit shall be
held by the Letter of Credit Issuer, for the ratable benefit of the Collateral
Agent, the Letter of Credit Issuer and the Lenders, as security for, and to
provide for the payment of, the aggregate undrawn amount of such Letters of
Credit remaining outstanding.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Successor Letter
of Credit Issuer</u>. The Letter of Credit Issuer may resign as Letter of Credit
Issuer upon at least thirty (30) days&#146; prior notice to the Collateral Agent,
the Lenders and the Borrowers&#146; Agent, such resignation to be effective upon
the acceptance of a successor agent to its appointment as the Letter of Credit
Issuer. In the event Bank of America sells all of its Commitment and Loans as
part of a sale, transfer or other disposition by Bank of America of
substantially all of its loan portfolio, Bank of America shall resign as the
Letter of Credit Issuer and such purchaser or transferee shall become the
successor Letter of Credit Issuer hereunder. Subject to the foregoing, if the
Letter of Credit Issuer resigns under this Agreement, the Required Lenders shall
appoint from among the Lenders a successor Letter of Credit Issuer. If no
successor Letter of Credit Issuer is appointed prior to the effective date of
the resignation of the Letter of Credit Issuer, the Letter of Credit Issuer may
appoint, after consulting with the Collateral Agent, the Lenders and the
Borrowers&#146; Agent, a successor Letter of Credit Issuer from among the Lenders.
Upon the acceptance of its appointment as successor</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-10-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">Letter of Credit Issuer
hereunder, such successor Letter of Credit Issuer shall succeed to all the
rights, powers and duties of the retiring Letter of Credit Issuer and the term
&quot;Letter of Credit Issuer&quot; shall mean such successor Letter of Credit
Issuer and the retiring Letter of Credit Issuer&#146;s appointment, powers and
duties as Letter of Credit Issuer shall be terminated. After any retiring Letter
of Credit Issuer&#146;s resignation hereunder as Letter of Credit Issuer, the
provisions of this Agreement shall continue to inure to its benefit as to any
actions taken or omitted to be taken by it while it was Letter of Credit Issuer
under this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Existing Letter
of Credit</u>. Each of the Borrowers, the Lenders and the Agents agrees that the
Existing Letter of Credit shall be deemed a Letter of Credit for all purposes of
this Agreement as if the Existing Letter of Credit was issued on the date
hereof, and the Letter of Credit Issuer shall be entitled to all the benefits as
Letter of Credit Issuer and to all the obligations of the Borrowers under this
Agreement with respect to the Existing Letter of Credit.</font></p>

    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200207">1.5
    </a><a NAME="_Toc487864548">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452839"><u>Bank
    Products</u></a><u>.</u></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="2">The Borrowers may
request and the Agents may, in their sole and absolute discretion, arrange for
the Borrowers to obtain from CIT or Bank of America, or their respective
Affiliates, Bank Products, although the Borrowers are not required to do so. If
Bank Products are provided by an Affiliate of CIT or Bank of America, the
Borrowers agree to indemnify and hold the Agents, CIT and Bank of America, and
the Lenders harmless from any and all costs and obligations now or hereafter
incurred by the Agents, CIT or Bank of America, or any of the Lenders which
arise from any indemnity given by any Agent to its Affiliates related to such
Bank Products; <u>provided</u>, <u>however</u>, nothing contained herein is
intended to limit the Borrowers&#146; rights, with respect to CIT or Bank of
America or their Affiliates, if any, which arise as a result of the execution of
documents by and between the Borrowers and CIT or Bank of America which relate
to Bank Products. The agreement contained in this Section shall survive
termination of this Agreement. The Borrowers acknowledge and agree that the
obtaining of Bank Products from CIT and Bank of America, or their respective
Affiliates (a) is in the sole and absolute discretion of CIT and Bank of
America, or their respective Affiliates, and (b) is subject to all rules and
regulations of CIT and Bank of America, or their respective Affiliates.</font></p>

<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200208">ARTICLE
2</a><a NAME="_Toc430585997"></a><a NAME="_Toc487864549"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452840">INTEREST&nbsp;AND&nbsp;FEES</a></font></p>
</u>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200209">2.1
    </a><a NAME="_Toc487864550">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452841"><u>Interest</u></a>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Interest Rates</u>.
All outstanding Obligations shall bear interest on the unpaid principal amount
thereof (including, to the extent permitted by law, on interest thereon not paid
when due) from the date made until paid in full in cash at a rate determined by
reference to the Base Rate or the LIBOR Rate <u>plus</u> the Applicable Margins
as set forth below, but not to exceed the Maximum Rate. If at any time Loans are
outstanding with respect to which the Borrowers have not delivered to the
Collateral Agent a notice specifying the basis for determining the interest rate
applicable thereto in accordance herewith, those Loans shall bear interest at a
rate determined by reference to the Base Rate until notice to the contrary has
been given to the Collateral Agent in accordance with this Agreement and such
notice has become effective. Except as otherwise provided herein, the
outstanding Obligations shall bear interest as follows:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-11-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>



        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For all
        Base Rate Term Loans at a fluctuating per annum rate equal to the Base
        Rate plus the Applicable Margin;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For all
        Base Rate Revolving Loans and other Obligations (other than Base Rate
        Term Loans and LIBOR Rate Loans) at a fluctuating per annum rate equal
        to the Base Rate plus the Applicable Margin;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For all
        LIBOR Term Loans at a per annum rate equal to the LIBOR Rate <u>plus</u>
        the Applicable Margin; and</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For all
        LIBOR Revolving Loans at a per annum rate equal to the LIBOR Rate <u>plus</u>
        the Applicable Margin.</font></p>



<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Each change in the Base
Rate shall be reflected in the interest rate applicable to Base Rate Loans as of
the effective date of such change. All interest charges shall be computed on the
basis of a year of three hundred sixty (360) days and actual days elapsed (which
results in more interest being paid than if computed on the basis of a 365-day
year). The Borrowers shall pay to the Collateral Agent, for the ratable benefit
of Lenders, interest accrued on all Base Rate Loans in arrears on the first day
of each month hereafter and on the Termination Date. The Borrowers shall pay to
the Collateral Agent, for the ratable benefit of Lenders, interest on all LIBOR
Rate Loans in arrears on each LIBOR Interest Payment Date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Default Rate</u>.
If any Event of Default occurs and is continuing and the Collateral Agent or the
Required Lenders in their discretion so elect, then, while any such Event of
Default is continuing, all of the Obligations shall bear interest at the Default
Rate applicable thereto.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200210">2.2
    </a><a NAME="_Toc487864551">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452842"><u>Continuation
    and Conversion Elections</u></a>.</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
        Borrowers may:</font></p>



        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;elect, as
        of any Business Day, in the case of Base Rate Loans, to convert any Base
        Rate Loans (or any part thereof in an amount not less than $1,000,000,
        or that is in an integral multiple of $500,000 in excess thereof) into
        LIBOR Rate Loans; or</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;elect, as
        of the last day of the applicable Interest Period, to continue any LIBOR
        Rate Loans having Interest Periods expiring on such day (or any part
        thereof in an amount not less than $1,000,000, or that is in an integral
        multiple of $500,000 in excess thereof);</font></p>

<u>


<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">provided</font></u><font face="Times New Roman" size="2">,
that if at any time the aggregate amount of LIBOR Rate Loans in respect of any
Borrowing is reduced, by payment, prepayment, or conversion of part thereof, to
be less than $1,000,000, such LIBOR Rate Loans shall automatically convert into
Base Rate Loans; <u>provided</u> <u>further</u> that if the notice shall fail to
specify the duration of the Interest Period, such Interest Period shall be one
month.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-12-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall
deliver a notice of continuation/conversion (&quot;<u>Notice of
Continuation/Conversion</u>&quot;) to the Collateral Agent not later than 12:00
noon (Atlanta, Georgia time) at least three (3) Business Days in advance of the
Continuation/Conversion Date, if the Loans are to be converted into or continued
as LIBOR Rate Loans and specifying:</font></p>



            <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
            proposed Continuation/Conversion Date;</font></p>
            <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
            aggregate amount of Loans to be converted or renewed;</font></p>
            <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
            type of Loans resulting from the proposed conversion or
            continuation; and</font></p>
            <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
            duration of the requested Interest Period, provided, however,
            the Borrowers may not select an Interest Period that ends after the
            Stated Termination Date.</font></p>



<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c) If upon the
expiration of any Interest Period applicable to LIBOR Rate Loans, the Borrowers
have failed to select timely a new Interest Period to be applicable to LIBOR
Rate Loans or at the election of the Required Lenders if any Default or Event of
Default then exists, the Borrowers shall be deemed to have elected to convert
such LIBOR Rate Loans into Base Rate Loans effective as of the expiration date
of such Interest Period.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d) The Collateral
Agent will promptly notify each Lender of its receipt of a Notice of
Continuation/Conversion. All conversions and continuations shall be made ratably
according to the respective outstanding principal amounts of the Loans with
respect to which the notice was given held by each Lender.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e) There may not be
more than five different LIBOR Rate Loans in effect hereunder at any time.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200211">2.3
    </a><a NAME="_Toc487864552">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452843"><u>Maximum&nbsp;Interest&nbsp;Rate</u></a>. In no event shall any
interest rate provided for hereunder exceed the maximum rate legally chargeable
by the Lenders under applicable law with respect to loans of the type provided
for hereunder (the &quot;<u>Maximum Rate</u>&quot;). To the extent permitted by
applicable law, if, in any month, any interest rate, absent such limitation,
would have exceeded the Maximum Rate, then the interest rate for that month
shall be the Maximum Rate, and, if in future months, that interest rate would
otherwise be less than the Maximum Rate, then that interest rate shall remain at
the Maximum Rate until such time as the amount of interest paid hereunder equals
the amount of interest which would have been paid if the same had not been
limited by the Maximum Rate. In the event that, upon payment in full of the
Obligations, the total amount of interest paid or accrued under the terms of
this Agreement is less than the total amount of interest which would, but for
this <u>Section 2.3</u>, have been paid or accrued if the interest rate
otherwise set forth in this Agreement had at all times been in effect, then the
Borrowers shall, to the extent permitted by applicable law, pay the Collateral
Agent, for the account of the Lenders, an amount equal to the excess of (a) the
lesser of (i)&nbsp;the amount of interest which would have been charged if the
Maximum Rate had, at all times,</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-13-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">been in effect or (ii)&nbsp;the amount of
interest which would have accrued had the interest rate otherwise set forth in
this Agreement, at all times, been in effect over (b) the amount of interest
actually paid or accrued under this Agreement. If a court of competent
jurisdiction determines that the Collateral Agent and/or any Lender has received
interest and other charges hereunder in excess of the Maximum Rate, to the
extent permitted by applicable law such excess shall be deemed received on
account of, and shall automatically be applied to reduce, the Obligations other
than interest, in the inverse order of maturity, and if there are no Obligations
outstanding, the Collateral Agent and/or such Lender shall refund to the
Borrowers&#146; Agent such excess.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200212">2.4
    </a><a NAME="_Toc487864553">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452844"><u>Closing
    and Other &nbsp;Fee</u></a></font><u><font face="Times New Roman" size="2">s</font></u><font face="Times New Roman" size="2">. The Borrowers agree
to pay the Agents, on the due dates therefor, such closing and other fees as set
forth in the Fee Letter.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200213">2.5
    </a><a NAME="_Toc487864554">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452845"><u>Unused
    Line&nbsp;Fee</u></a>. On the first day of
each month and on the Termination Date, the Borrowers agree to pay (a) to the
Collateral Agent, for the account of the Lenders, in accordance with their
respective Pro Rata Shares, an unused line fee (the &quot;<u>Unused Line Fee</u>&quot;)
equal to one-half of one percent (0.50%) per annum times the amount by which the
Maximum Revolver Amount exceeded the sum of the average daily outstanding amount
of Revolving Loans and the average daily undrawn face amount of outstanding
Letters of Credit during the immediately preceding month (or shorter period if
calculated for the first month hereafter or on the Termination Date). The Unused
Line Fee shall be computed on the basis of a 360-day year for the actual number
of days elapsed. All principal payments received by the Collateral Agent shall
be deemed to be credited to the Loan Account immediately upon receipt for
purposes of calculating the Unused Line Fee pursuant to this <u>Section&nbsp;2.5</u>.</font></p>

    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200214">2.6
    </a><a NAME="_Toc487864555">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452846"><u>Letter&nbsp;of&nbsp;Credit&nbsp;Fee</u></a>. The Borrowers agree
to pay (a) to the Collateral Agent, for the account of the Lenders, in
accordance with their respective Pro Rata Shares, for each Letter of Credit, a
fee (the &quot;<u>Letter of Credit Fee</u>&quot;) equal to the Applicable Margin
for LIBOR Revolving Loans per annum multiplied by the undrawn face amount of
each Letter of Credit, (b) to the Collateral Agent for the benefit of the Letter
of Credit Issuer a fronting fee of one-eighth of one percent (0.125%) per annum
of the undrawn face amount of each Letter of Credit, and (c) to the Letter of
Credit Issuer, all customary costs, fees and expenses of the Letter of Credit
Issuer in connection with the application for, processing of, issuance of, or
amendment to any Letter of Credit. The Letter of Credit Fee shall be payable
monthly in arrears on the first day of each month following any month in which a
Letter of Credit is outstanding and on the Termination Date. The Letter of
Credit Fee shall be computed on the basis of a 360-day year for the actual
number of days elapsed.</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200215">ARTICLE
3</a><a NAME="_Toc430586004"></a><a NAME="_Toc487864556"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452847">PAYMENTS&nbsp;AND&nbsp;PREPAYMENTS</a></font></p>
</u>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200216">3.1
    </a><a NAME="_Toc487864557">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452848"><u>Revolving&nbsp;Loans</u></a>. The Borrowers shall
repay the outstanding principal balance of the Revolving Loans, plus all accrued
but unpaid interest thereon, on the Termination Date. The Borrowers may prepay
Revolving Loans at any time, and reborrow, subject to the terms of this
Agreement. In addition, and without limiting the generality of the foregoing,
upon demand the Borrowers shall pay to the Collateral Agent, for account of the
Lenders, the amount, without duplication, by which the Aggregate Revolver
Outstandings, the Aggregate Miller Revolver</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-14-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">Outstandings or the Aggregate
RoadOne Revolver Outstandings exceeds any applicable limit set forth in <u>Section
1.2</u> or elsewhere in this Agreement.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200217">3.2
    </a><a NAME="_Toc487864558">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452849"><u>Reduction
    and Termination&nbsp;of&nbsp;Facility</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Reduction and
Termination of RoadOne Revolving Credit Facility</u>.</font></p>


<blockquote>
  <blockquote>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The RoadOne
    Borrowers may from time to time permanently reduce the Maximum RoadOne
    Revolver Amount in whole or in part (in minimum aggregate amounts of
    $5,000,000 or in integral multiples of $5,000,000 in excess thereof), upon
    five (5) Business Days&#146; prior irrevocable written notice to the Collateral
    Agent; <u>provided</u>, <u>however</u>, (A) no such reduction shall be made
    which would cause the Aggregate Revolver Outstandings or Aggregate RoadOne
    Revolver Outstandings to exceed any applicable limit set forth in this
    Agreement, unless, concurrently with such reduction, the Revolving Loans are
    repaid to the extent necessary to eliminate such excess, and (B) no such
    reduction shall be made which would cause the Maximum Revolver Amount to be
    less than $60,000,000. The Collateral Agent shall promptly notify each
    Lender of receipt by the Collateral Agent of any notice from the Borrowers
    pursuant to this <u>Section 3.2(a)(i)</u> and each Lender&#146;s Commitment
    shall be reduced on the effective date of any such reduction based on such
    Lender&#146;s Pro Rata Share. Upon any reduction of the Maximum RoadOne
    Revolver Amount, the amount of the Maximum Revolver Amount and the Total
    Facility shall each automatically reduce in a corresponding amount.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The RoadOne
    Revolving Credit Facility and the Lenders&#146; Commitments to make Revolving
    Loans thereunder shall terminate upon the Transition Date. The Collateral
    Agent shall promptly notify each Lender and the Borrowers&#146; Agent of the
    termination of the RoadOne Revolving Credit Facility in accordance with this
    <u>Section 3.2(a)(ii)</u>. Upon the termination of the RoadOne Revolving
    Credit Facility, each Lender&#146;s Commitment shall be reduced based on such
    Lender&#146;s Pro Rata Share. Upon any termination of the RoadOne Revolving
    Credit Facility, the amount of the Maximum Revolver Amount and the Total
    Facility shall each automatically reduce in a corresponding amount.</font></p>


  </blockquote>
</blockquote>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Termination of
Total Facility</u>. The Borrowers may terminate this Agreement upon at least ten
(10) Business Days&#146; notice to the Collateral Agent and the Lenders, upon
(a)&nbsp;the payment in full of all outstanding Revolving Loans, together with
accrued interest thereon, and the cancellation and return of all outstanding
Letters of Credit (or the delivery to the Letter of Credit Issuer of Supporting
Letters of Credit with respect thereto), (b)&nbsp;the prepayment in full of the
Term Loans, together with accrued and unpaid interest thereon, (c)&nbsp;the
payment of the early termination fee set forth below, (d) the payment in full in
cash of all reimbursable expenses and other Obligations, and (e)&nbsp;with
respect to any LIBOR Rate Loans prepaid, payment of the amounts due under <u>Section
4.4</u>, if any. If this Agreement is terminated at any time prior to the Stated
Termination Date, whether pursuant to this Section or pursuant to <u>Section&nbsp;9.2</u>,
the Borrowers shall pay to the Collateral Agent, for the account of the Lenders,
an early termination fee determined in accordance with the following table:</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-15-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="RIGHT">&nbsp;
<div align="center">
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="5" WIDTH="582">
  <tr>
    <td WIDTH="42%" VALIGN="TOP"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Period during
      which early<br>
      </font>
      <u>
      <font face="Times New Roman" size="2">termination occurs
      &nbsp;</font></u></b></p>
    </td>
    <td WIDTH="9%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="48%" VALIGN="TOP"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Early Termination<br>
      <u>Fee &nbsp;</u></font></b></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">On or prior to
      the first Anniversary Date</font></td>
    <td WIDTH="9%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="48%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">4% of the Maximum
      Revolver Amount (after giving effect to any prior reductions thereof in
      accordance with <u>Section 3.2(a)</u>) plus the outstanding principal
      balance of the Term Loan</font></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">After the first
      Anniversary Date but on or prior to the second Anniversary Date</font></td>
    <td WIDTH="9%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="48%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">3% of the Maximum
      Revolver Amount (after giving effect to any prior reductions thereof in
      accordance with <u>Section 3.2(a)</u>) plus the outstanding principal
      balance of the Term Loan</font></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">After the second
      Anniversary Date but prior to the Stated Termination Date</font></td>
    <td WIDTH="9%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="48%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">1% of the Maximum
      Revolver Amount (after giving effect to any prior reductions thereof in
      accordance with <u>Section 3.2(a)</u>) plus the outstanding principal
      balance of the Term Loan</font></td>
  </tr>
</table>
  </center>
</div>
<p ALIGN="JUSTIFY">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200218">3.3
    </a><a NAME="_Toc487864559">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452850"><u>Repayment&nbsp;of&nbsp;the&nbsp;Term&nbsp;Loans</u></a>. The Borrowers agree
to repay the principal of the Term Loans to the Collateral Agent, for the
account of the Lenders, as set forth in <u>Section 1.3</u>.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200219">3.4
    </a><a NAME="_Toc487864560">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452851"><u>Prepayments&nbsp;of&nbsp;the&nbsp;Loans</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers may
prepay the principal of the Term Loans in whole or in part, at any time and from
time to time, upon at least five (5) Business Days&#146; prior written notice to
the Collateral Agent. All voluntary prepayments of the principal of the Term
Loans shall be accompanied by the payment of all accrued but unpaid interest on
the Term Loans to the date of prepayment. Any voluntary prepayment of less than
all of the outstanding principal of the Term Loans shall be applied to the
installments of principal of the Term Loans in the inverse order of maturity.
Amounts prepaid in respect of the Term Loans may not be reborrowed.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately upon
receipt by any Borrower or any of its Subsidiaries of proceeds of any Asset
Disposition, the Borrowers shall apply the Net Proceeds therefrom as follows:</font></p>


<blockquote>
  <blockquote>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>First</u>,
    all Net Senior Creditor Proceeds arising from Accounts and Fleet Vehicles
    shall be applied to the Obligations under the RoadOne Revolving Credit
    Facility in accordance with the terms of <u>Section 3.8</u>;</font></p>
  </blockquote>
</blockquote>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-16-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Second</u>,
    all Net Senior Creditor Proceeds arising from Fixed Assets shall be applied
    to the Obligations under the Term Loan in accordance with <u>Section 3.4(d)</u>;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Third</u>,
    all Required Payments shall be paid in full;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Fourth</u>,
    provided such payment is permitted under <u>Section 7.14(b)</u>, all Net
    Junior Creditors&#146; Proceeds shall be paid to the Junior Creditors&#146; Agent
    to the extent of the outstanding Subordinated Debt in accordance with the
    provisions of <u>Section 5.4</u>; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Fifth</u>,
    all remaining amounts shall be applied to the Obligations in accordance with
    <u>Section 3.4(d)</u>.</font></p>


  </blockquote>
</blockquote>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that,
at any time after the Closing Date, Parent or any of its Subsidiaries issues
capital stock or other securities pursuant to a public offering (other than an
offering of Permitted Refinancing Stock), no later than the second Business Day
following the date of receipt of the proceeds from such issuance, the Borrowers
shall (i) apply such proceeds, net of underwriting discounts and commissions and
other reasonable costs associated therewith, to the prepayment of the Loans, and
(ii) deliver to the Collateral Agent a certificate of a Designated Financial
Officer demonstrating the net proceeds required to be paid to the Loans.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All prepayments of
the Term Loan required to be made under <u>clauses (b)</u> and <u>(c)</u> above
(together with all proceeds from any Fixed Asset disposition permitted under <u>Section
7.9(f)</u> to the extent the Borrowers do not reinvest the proceeds therefrom as
set forth in <u>Section 7.9(f)</u>) shall be applied to principal installments
of the Term Loan in the inverse order of their maturities, then to accrued
interest and other amounts due with respect to the Term Loan, and then to other
Obligations as set forth in <u>Section 3.8</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No provision
contained in this <u>Section 3.4</u> shall constitute a consent to an asset
disposition that is otherwise not permitted by the terms of this Agreement.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200220">3.5
    </a><a NAME="_Toc487864561">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452852"><u>LIBOR Rate Loan
    Prepayments</u></a>. In connection with
any prepayment, if any LIBOR Rate Loans are prepaid prior to the expiration date
of the Interest Period applicable thereto, the Borrowers shall pay to the
Lenders the amounts described in <u>Section 4.4</u>.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200221">3.6
    </a><a NAME="_Toc487864562">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452853"><u>Payments
    by the Borrower</u></a><u>s</u>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All payments to be
made by the Borrowers shall be made without set-off, recoupment or counterclaim.
Except as otherwise expressly provided herein, all payments by the Borrowers
shall be made to the Collateral Agent for the account of the Lenders, at the
account designated by the Collateral Agent and shall be made in Dollars and in
immediately available funds, no later than 12:00 noon (Atlanta, Georgia time) on
the date specified herein. Any payment received by the Collateral Agent after
such time shall be deemed (for purposes of calculating interest only) to have
been received on the following Business Day and any applicable interest shall
continue to accrue.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-17-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the
provisions set forth in the definition of &quot;Interest Period&quot;, whenever
any payment is due on a day other than a Business Day, such payment shall be due
on the following Business Day, and such extension of time shall in such case be
included in the computation of interest or fees, as the case may be.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200222">3.7
    </a><a NAME="_Toc487864563">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452854"><u>Payments
    as Revolving Loans</u></a>.&nbsp;&nbsp;&nbsp; At the election of
the Collateral Agent, all payments of principal, interest, reimbursement
obligations in connection with Letters of Credit, fees, premiums, reimbursable
expenses and other sums payable hereunder, may be paid from the proceeds of
Revolving Loans made hereunder. The Borrowers hereby irrevocably authorize the
Collateral Agent to charge the Loan Account for the purpose of paying all
amounts from time to time due hereunder and agrees that all such amounts charged
shall constitute Revolving Loans (including Non-Ratable Loans and Agent
Advances).</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200223">3.8
    </a><a NAME="_Toc487864564">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452855"><u>Apportionment,
    Application and Reversal of Payments</u></a>.&nbsp;&nbsp;&nbsp; Principal and
interest payments shall be apportioned ratably among the Lenders (according to
the unpaid principal balance of the Loans to which such payments relate held by
each Lender) and payments of the fees shall, as applicable, be apportioned
ratably among the Lenders, except for fees payable solely to the Agents and the
Letter of Credit Issuer and except as provided in <u>Section&nbsp;11.1(b)</u>.
All payments shall be remitted to the Collateral Agent and all such payments not
relating to principal or interest of specific Loans, or not constituting payment
of specific fees, and all proceeds of Accounts or other Collateral received by
the Collateral Agent, shall be applied, ratably, subject to the provisions of
this Agreement, <u>first</u>, to pay any fees, indemnities or expense
reimbursements then due to the Agents or the Letter of Credit Issuer from the
Borrowers; <u>second</u>, to pay any fees or expense reimbursements then due to
the Lenders from the Borrowers; <u>third</u>, to pay interest due in respect of
all Loans, including Non-Ratable Loans and Agent Advances; <u>fourth</u>, to pay
or prepay principal of the Non-Ratable Loans and Agent Advances; <u>fifth</u>,
to pay or prepay principal of the Revolving Loans (other than Non-Ratable Loans
and Agent Advances) and unpaid reimbursement obligations in respect of Letters
of Credit; <u>sixth</u>, to pay or prepay principal of the Term Loans; <u>seventh</u>,
to pay an amount to the Letter of Credit Issuer equal to all outstanding Letter
of Credit Obligations to be held as cash collateral for such Obligations; and <u>eighth</u>,
to the payment of any other Obligation (including any amounts relating to Bank
Products) due to the Agents or any Lender by the Borrowers. Notwithstanding
anything to the contrary contained in this Agreement, unless so directed by the
Borrowers, or unless an Event of Default has occurred and is continuing, neither
the Collateral Agent nor any Lender shall apply any payments which it receives
to any LIBOR Rate Loan, except (a) on the expiration date of the Interest Period
applicable to any such LIBOR Rate Loan, or (b) in the event, and only to the
extent, that there are no outstanding Base Rate Loans and, in any event, the
Borrowers shall pay LIBOR breakage losses in accordance with <u>Section 4.4</u>.
The Collateral Agent and the Lenders shall have the continuing and exclusive
right to apply and reverse and reapply any and all such proceeds and payments to
any portion of the Obligations.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200224">3.9
    </a><a NAME="_Toc487864565">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452856"><u>Indemnity
    for Returned Payments</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If, after receipt of
any payment which is applied to the payment of all or any part of the
Obligations, either Agent, any Lender, the Letter of Credit Issuer, CIT or any
Affiliate of CIT (each such Person, a &quot;<u>Receiving Party</u>&quot;) is for
any reason compelled to surrender such payment or</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-18-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">proceeds to any Person because
such payment or application of proceeds is invalidated, declared fraudulent, set
aside, determined to be void or voidable as a preference, impermissible setoff,
or a diversion of trust funds, or for any other reason, then the Obligations or
part thereof intended to be satisfied shall be revived and continued and this
Agreement shall continue in full force as if such payment or proceeds had not
been received by the Receiving Party and the Borrowers shall be liable to pay to
the Receiving Party, and hereby do indemnify the Receiving Party and hold the
Receiving Party harmless for the amount of such payment or proceeds surrendered.
The provisions of this <u>Section&nbsp;3.9</u> shall be and remain effective
notwithstanding any contrary action which may have been taken by the Receiving
Party in reliance upon such payment or application of proceeds, and any such
contrary action so taken shall be without prejudice to the Receiving Party&#146;s
rights under this Agreement and shall be deemed to have been conditioned upon
such payment or application of proceeds having become final and irrevocable. The
provisions of this <u>Section&nbsp;3.9</u> shall survive the termination of this
Agreement.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200225">3.10
    </a><a NAME="_Toc487864566">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452857"><u>Collateral
    Agents&#146; and Lenders&#146; Books and Records; Monthly Statements</u></a>.
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral Agent
shall record the principal amount of the Loans owing to each Lender, the undrawn
face amount of all outstanding Letters of Credit and the aggregate amount of
unpaid reimbursement obligations outstanding with respect to the Letters of
Credit from time to time on its books. In addition, each Lender may note the
date and amount of each payment or prepayment of principal of such Lender&#146;s
Loans in its books and records. Failure by the Collateral Agent or any Lender to
make such notation shall not affect the obligations of the Borrowers with
respect to the Loans or the Letters of Credit. The Borrowers agree that the
Collateral Agent&#146;s and each Lender&#146;s books and records showing the
Obligations and the transactions pursuant to this Agreement and the other Loan
Documents shall be admissible in any action or proceeding arising therefrom, and
shall, absent manifest error, constitute rebuttably presumptive proof thereof,
irrespective of whether any Obligation is also evidenced by a promissory note or
other instrument. The Collateral Agent will provide to the Borrowers&#146; Agent a
monthly statement of Loans, payments, and other transactions pursuant to this
Agreement. Such statement shall be deemed correct, accurate, and binding on the
Borrowers and an account stated (except for reversals and reapplications of
payments made as provided in <u>Section&nbsp;3.8</u> and corrections of errors
discovered by the Collateral Agent), unless the Borrowers notify the Collateral
Agent in writing to the contrary within forty-five (45) days after such
statement is rendered. In the event a timely written notice of objections is
given by the Borrowers, only the items to which exception is expressly made will
be considered to be disputed by the Borrowers.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><a NAME="_Toc520200226"><font face="Times New Roman" size="2">3.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Borrowers&#146; Agent</u></font></a><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each of the Borrowers
other than Parent hereby appoints Parent, and Parent shall act under this
Agreement, as the agent, attorney-in-fact and legal representative of such other
Borrowers for all purposes, including requesting Loans and receiving account
statements and other notices and communications to the Borrowers (or any of
them) from the Collateral Agent or any Lender. The Collateral Agent, the Letter
of Credit Issuer and the Lenders may rely, and shall be fully protected in
relying, on any Notice of Borrowing, Notice of Conversion or Continuation,
request for a Letter of Credit, disbursement instruction, report, information or
any other notice or communication made or given by Parent, whether in its own
name, as Borrowers&#146; Agent, on behalf of any other Borrower or on behalf of the
&quot;Borrowers&quot;, and neither the Collateral Agent nor the Letter of Credit
Issuer or any Lender shall have any</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-19-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">obligation to make any inquiry or request
any confirmation from or on behalf of any other Borrower as to the binding
effect on it of any such Notice, request, instruction, report, information,
other notice or communications, nor shall the joint and several character of the
Borrowers&#146; obligations hereunder be affected, provided, that the provisions of
this <u>Section 3.11</u> shall not be construed so as to preclude any Borrower
from taking actions permitted to be taken by a &quot;Borrower&quot; hereunder.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><a NAME="_Toc520200227"><font face="Times New Roman" size="2">3.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <u>Joint and Several Liability</u>.</font></a></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Joint and
Several Liability</u>. All Loans made to the Borrowers and all of the other
Obligations of the Borrowers, including all interest, fees and expenses with
respect thereto and all indemnity and reimbursement obligations hereunder, shall
constitute one joint and several direct and general obligation of all of the
Borrowers. Notwithstanding anything to the contrary contained herein, each of
the Borrowers shall be jointly and severally, with each other Borrower, directly
and unconditionally, liable for all Obligations, it being understood that the
advances to each Borrower inure to the benefit of all Borrowers, and that the
Collateral Agent, the Letter of Credit Issuer and the Lenders are relying on the
joint and several liability of the Borrowers as co-makers in extending the Loans
hereunder and issuing Letters of Credit. Each Borrower hereby unconditionally
and irrevocably agrees that upon default in the payment when due (whether at
stated maturity, by acceleration or otherwise) of any principal of, or interest
on, any Obligation, it will forthwith pay the same, without notice or demand,
unless such payment is then prohibited by applicable law (provided such
Obligation shall not be extinguished by any such prohibition).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>No Reduction in
Obligations</u>. No payment or payments made by any of the Borrowers or any
other Person or received or collected by the Collateral Agent, the Letter of
Credit Issuer or any Lender from any of the Borrowers or any Person by virtue of
any action or proceeding or any setoff or appropriation or application at any
time or from time to time in reduction of or in payment of the Obligations shall
be deemed to modify, reduce, release or otherwise affect the liability of each
Borrower under this Agreement, which shall remain liable for the Obligations
until the Obligations are paid in full and the Commitment is terminated.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><a NAME="_Toc520200228"><font face="Times New Roman" size="2">3.13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Obligations Absolute</u></font></a><font face="Times New Roman" size="2">.&nbsp;&nbsp; Each Borrower agrees
that the Obligations will be paid strictly in accordance with the terms of the
Loan Documents, regardless of any law, regulation or order now or hereafter in
effect in any jurisdiction affecting any of such terms or the rights of the
Collateral Agent, the Letter of Credit Issuer or any Lender with respect
thereto, unless such payment is then prohibited by applicable law (provided such
Obligation shall not be extinguished by any such prohibition.) All Obligations
shall be conclusively presumed to have been created in reliance hereon. The
liabilities under this Agreement shall be absolute and unconditional
irrespective of: (a)&nbsp;any lack of validity of enforceability of any Loan
Document or any other agreement or instrument relating thereto; (b)&nbsp;any
change in the time, manner or place of payments of, or in any other term of, all
or any part of the Obligations, or any other amendment or waiver thereof or any
consent to departure therefrom, including any increase in the Obligations
resulting from the extension of additional credit to any Borrower or otherwise;
(c)&nbsp;any taking, exchange, release or non-perfection of any Collateral, or
any release or amendment or waiver of</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-20-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">or consent to departure from any guaranty
for all or any of the Obligations; (d)&nbsp;any change, restructuring or
termination of the corporate structure or existence of any Borrower; or
(e)&nbsp;any other circumstance which otherwise constitute a defense available
to, or a discharge of, any Borrower. This Agreement shall continue to be
effective or be reinstated, as the case may be, if at any time any payment of
any of the Obligations is rescinded or must otherwise be returned by the
Collateral Agent, the Letter of Credit Issuer or any Lender upon the insolvency,
bankruptcy or reorganization of any Borrower or otherwise, all as though such
payment had not been made.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><a NAME="_Toc520200229"><font face="Times New Roman" size="2">3.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Waiver of Suretyship Defenses</u></font></a><font face="Times New Roman" size="2">.
    &nbsp;&nbsp;&nbsp;&nbsp;Each Borrower agrees
that the joint and several liability of the Borrowers provided for in <u>Section
3.12</u> shall not be impaired or affected by any modification, supplement,
extension or amendment of any contract of agreement to which the other Borrowers
may hereafter agree (other than an agreement signed by the Collateral Agent and
the Lenders specifically releasing such liability), nor by any delay, extension
of time, renewal, compromise or other indulgence granted by the Collateral Agent
or any Lender with respect to any of the Obligations, nor by any other
agreements or arrangements whatever with the other Borrowers or with anyone
else, each Borrower hereby waiving all notice of such delay, extension, release,
substitution, renewal, compromise or other indulgence, and hereby consenting to
be bound thereby as fully and effectually as if it had expressly agreed thereto
in advance. The liability of each Borrower is direct and unconditional as to all
of the Obligations, and may be enforced without requiring the Collateral Agent
or any Lender first to resort to any other right, remedy or security. Each
Borrower hereby expressly waives promptness, diligence, notice of acceptance and
any other notice (except to the extent expressly provided for herein or in
another Loan Document) with respect to any of the Obligations, this Agreement or
any other Loan Documents and any requirement that the Collateral Agent or any
Lender protect, secure, perfect or insure any Lien or any property subject
thereto or exhaust any right or take any action against any Borrower or any
other Person or any collateral, including any rights any Borrower may otherwise
have under O.C.G.A. &sec;&nbsp;10-7-24 or any successor statute or any analogous
statute in any jurisdiction under the laws of which any Borrower is incorporated
or in which any Borrower conducts business.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><a NAME="_Toc520200230"><font face="Times New Roman" size="2">3.15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Contribution and Indemnification among the Borrowers</u></font></a><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Borrower is
obligated to repay the Obligations as joint and several obligors under this
Agreement. To the extent that any Borrower shall, under this Agreement as a
joint and several obligor, repay any of the Obligations constituting Loans made
to another Borrower hereunder or other Obligations incurred directly and
primarily by any other Borrower (an &quot;<u>Accommodation Payment</u>&quot;),
then the Borrower making such Accommodation Payment shall be entitled to
contribution and indemnification from, and be reimbursed by, each of the other
Borrowers in an amount, for each of such other Borrowers, equal to a fraction of
such Accommodation Payment, the numerator of which fraction is such other
Borrower&#146;s &quot;Allocable Amount&quot; (as defined below) and the denominator
of which the sum of the Allocable Amounts of all of the Borrowers. As of any
date of determination, the &quot;Allocable Amount&quot; of each Borrower shall
be equal to the maximum amount of liability for Accommodation Payments which
could be asserted against such Borrower hereunder without (a) rendering such
Borrower &quot;insolvent&quot; within the meaning of Section 101(31) of Title 11
of the United States Code entitled &quot;Bankruptcy&quot; (the &quot;Bankruptcy
Code&quot;), Section&nbsp;2 of the Uniform</font></p>


<p ALIGN="center" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-21-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Fraudulent Transfer Act (the &quot;UFTA&quot;),
Section&nbsp;2 of the Uniform Fraudulent Conveyance Act (&quot;UFCA&quot;), or
Section 18-2-22 of the Official Code of Georgia Annotated, (b)&nbsp;leaving such
Borrower with unreasonably small capital or assets, within the meaning of
Section 548 of the Bankruptcy Code, Section&nbsp;4 of the UFTA, or
Section&nbsp;4 of the UFCA, or (c)&nbsp;leaving such Borrower unable to pay its
debts as they become due within the meaning of Section 548 of the Bankruptcy
Code, Section&nbsp;4 of the UFTA, or Section&nbsp;5 of the UFCA. All rights and
claims of contribution, indemnification and reimbursement under this <u>Section
3.15</u> shall be subordinate in right of payment to the prior payment in full
of the Obligations.</font></p>


<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200231">ARTICLE
4</a><a NAME="_Toc430586015"></a><a NAME="_Toc487864567"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452858">TAXES,
YIELD PROTECTION AND ILLEGALITY</a></font></p>
</u>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200232">4.1
    </a><a NAME="_Toc487864568">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452859"><u>Taxes</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any and all
payments by the Borrowers to each Lender or the Agents under this Agreement and
any other Loan Document shall be made free and clear of, and without deduction
or withholding for, any Taxes. In addition, the Borrowers shall pay all Other
Taxes.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers agree
to indemnify and hold harmless each Lender and the Agents for the full amount of
Taxes or Other Taxes (including any Taxes or Other Taxes imposed by any
jurisdiction on amounts payable under this Section) paid by any Lender or Agent
and any liability (including penalties, interest, additions to tax and expenses)
arising therefrom or with respect thereto, whether or not such Taxes or Other
Taxes were correctly or legally asserted. Payment under this indemnification
shall be made within fifteen (15) days after the date such Lender or Agent makes
written demand therefor.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Borrower
shall be required by law to deduct or withhold any Taxes or Other Taxes from or
in respect of any sum payable hereunder to any Lender or Agent, then:</font></p>




<blockquote>
  <blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the sum
        payable shall be increased as necessary so that after making all
        required deductions and withholdings (including deductions and
        withholdings applicable to additional sums payable under this Section)
        such Lender or Agent, as the case may be, receives an amount equal to
        the sum it would have received had no such deductions or withholdings
        been made;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
        Borrowers shall make such deductions and withholdings;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
        Borrowers shall pay the full amount deducted or withheld to the relevant
        taxing authority or other authority in accordance with applicable law;
        and</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(iv) the
        Borrowers shall also pay to each Lender or Agent for the account of such
        Lender or Agent, at the time interest is paid, all additional</font></p>




        <p ALIGN="JUSTIFY" style="text-indent: 40">&nbsp;</p>




        <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">amounts
        which the respective Lender specifies as necessary to preserve the
        after-tax yield such Lender or Agent would have received if such Taxes
        or Other Taxes had not been imposed.</font></p>




  </blockquote>
</blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>




<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-22-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>




<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the Collateral
Agent&#146;s request, within thirty (30) days after the date of any payment by the
Borrowers of Taxes or Other Taxes, the Borrowers shall furnish the Collateral
Agent the original or a certified copy of a receipt evidencing payment thereof,
or other evidence of payment satisfactory to the Collateral Agent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Borrowers
are required to pay additional amounts to any Lender pursuant to <u>subsection
(c)</u> of this Section, then such Lender shall use reasonable efforts
(consistent with legal and regulatory restrictions) to change the jurisdiction
of its lending office so as to eliminate any such additional payment by the
Borrowers which may thereafter accrue, if such change in the judgment of such
Lender is not otherwise disadvantageous to such Lender.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200233">4.2
    </a><a NAME="_Toc487864569">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452860"><u>Illegality</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Lender
determines that the introduction of any Requirement of Law, or any change in any
Requirement of Law, or in the interpretation or administration of any
Requirement of Law, has made it unlawful, or that any central bank or other
Governmental Authority has asserted that it is unlawful, for any Lender or its
applicable lending office to make LIBOR Rate Loans, then, on notice thereof by
that Lender to the Borrowers&#146; Agent through the Collateral Agent, any
obligation of that Lender to make LIBOR Rate Loans shall be suspended until that
Lender notifies the Collateral Agent and the Borrowers&#146; Agent that the
circumstances giving rise to such determination no longer exist.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a Lender
determines that it is unlawful to maintain any LIBOR Rate Loan, the Borrowers
shall, upon the Borrowers&#146; Agent&#146;s receipt of notice of such fact and demand
from such Lender (with a copy to the Collateral Agent), prepay in full such
LIBOR Rate Loans of that Lender then outstanding, together with interest accrued
thereon and amounts required under <u>Section 4.4</u>, either on the last day of
the Interest Period thereof, if that Lender may lawfully continue to maintain
such LIBOR Rate Loans to such day, or immediately, if that Lender may not
lawfully continue to maintain such LIBOR Rate Loans. If the Borrowers are
required to so prepay any LIBOR Rate Loans, then concurrently with such
prepayment, the Borrowers shall borrow from the affected Lender, in the amount
of such repayment, a Base Rate Loan.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200234">4.3
    </a><a NAME="_Toc487864570">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452861"><u>Increased
    Costs and Reduction of Return</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Lender
determines that due to either (i)&nbsp;the introduction of or any change in the
interpretation of any law or regulation or (ii)&nbsp;the compliance by that
Lender with any guideline or request from any central bank or other Governmental
Authority (whether or not having the force of law), there shall be any increase
in the cost to such Lender of agreeing to make or making, funding or maintaining
any LIBOR Rate Loans, then the Borrowers shall be liable for, and shall from
time to time, upon demand (with a copy of such demand to be sent to the
Collateral Agent), pay to the Collateral Agent for the account of such Lender,
additional amounts as are sufficient to compensate such Lender for such
increased costs. Payment by the Borrowers</font></p>
<p ALIGN="center" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-23-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">under this <u>Section 4.3(a)</u> shall
be made within fifteen (15) days after the date such Lender makes written demand
therefor.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Lender shall
have determined that (i) the introduction of any Capital Adequacy Regulation,
(ii) any change in any Capital Adequacy Regulation, (iii) any change in the
interpretation or administration of any Capital Adequacy Regulation by any
central bank or other Governmental Authority charged with the interpretation or
administration thereof, or (iv) compliance by such Lender or any corporation or
other entity controlling such Lender with any Capital Adequacy Regulation,
affects or would affect the amount of capital required or expected to be
maintained by such Lender or any corporation or other entity controlling such
Lender and (taking into consideration such Lender&#146;s or such corporation&#146;s or
other entity&#146;s policies with respect to capital adequacy and such Lender&#146;s
desired return on capital) determines that the amount of such capital is
increased as a consequence of its Commitments, loans, credits or obligations
under this Agreement, then, upon demand of such Lender to the Borrowers through
the Collateral Agent, the Borrowers shall pay to such Lender, from time to time
as specified by such Lender, additional amounts sufficient to compensate such
Lender for such increase. Payment by the Borrowers under this <u>Section 4.3(b)</u>
shall be made within fifteen (15) days after the date such Lender makes written
demand therefor.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200235">4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452862"><u>Funding
    Losses</u></a>.&nbsp;&nbsp;&nbsp;&nbsp; The Borrowers shall
reimburse each Lender and hold each Lender harmless from any loss or expense
which such Lender may sustain or incur as a consequence of:</font></p>


<blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the failure
        of any Borrower to make on a timely basis any payment of principal of
        any LIBOR Rate Loan;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the failure
        of any Borrower to borrow, continue or convert a LIBOR Rate Loan after
        any Borrower has given (or is deemed to have given) a Notice of
        Borrowing or a Notice of Continuation/Conversion; or</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
        prepayment or other payment (including after acceleration thereof) of
        any LIBOR Rate Loans on a day that is not the last day of the relevant
        Interest Period;</font></p>




</blockquote>




<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">including any loss or
expense arising from the liquidation or reemployment of funds obtained by it to
maintain its LIBOR Rate Loans or from fees payable to terminate the deposits
from which such funds were obtained. The Borrowers shall also pay any customary
administrative fees charged by any Lender in connection with the foregoing.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200236">4.5
    </a><a NAME="_Toc487864572">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452863"><u>Inability
    to Determine Rates</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If the Collateral
Agent determines that for any reason adequate and reasonable means do not exist
for determining the LIBOR Rate for any requested Interest Period with respect to
a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest
Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly
reflect the cost to the Lenders of funding such Loan, the Collateral Agent will
promptly so notify the Borrowers&#146; Agent and each Lender. Thereafter, the
obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall
be suspended until the Collateral</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-24-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">Agent revokes such notice in writing. Upon
receipt of such notice, the Borrowers may revoke any Notice of Borrowing or
Notice of Continuation/Conversion then submitted by them. If the Borrowers do
not revoke such Notice, the Lenders shall make, convert or continue the Loans,
as proposed by the Borrowers, in the amount specified in the applicable notice
submitted by the Borrowers, but such Loans shall be made, converted or continued
as Base Rate Loans instead of LIBOR Rate Loans.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200237">4.6
    </a><a NAME="_Toc487864573">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452864"><u>Certificates
    of </u></a></font><u><font face="Times New Roman" size="2">the Collateral
    Agent</font></u><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Lender claims
reimbursement or compensation under this Article&nbsp;4, the affected Lender
shall determine the amount thereof and shall deliver to the Borrowers&#146; Agent
(with a copy to the Collateral Agent) a certificate setting forth in reasonable
detail the amount payable to the affected Lender, and such certificate shall be
conclusive and binding on the Borrowers in the absence of manifest error.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200238">4.7
    </a><a NAME="_Toc496452865">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586022"><u>Survival</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The agreements and
obligations of the Borrowers in this Article 4 shall survive the payment of all
other Obligations.</font></p>


<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200239">ARTICLE
5</a><a NAME="_Toc430586043"></a><a NAME="_Toc487864575"></a></font><u><font face="Times New Roman" size="2"><br>
<a NAME="_Toc496452866">BOOKS AND RECORDS; FINANCIAL INFORMATION; NOTICES</a></font></p>


  </u>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200240">5.1
  </a><a NAME="_Toc487864576">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452867"><u>Books&nbsp;and&nbsp;Records</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall
maintain, at all times, correct and complete books, records and accounts in
which complete, correct and timely entries are made of their transactions in
accordance with GAAP applied consistently with the audited Financial Statements
required to be delivered pursuant to <u>Section&nbsp;5.2(a)</u>. The Borrowers
shall, by means of appropriate entries, reflect in such accounts and in all
Financial Statements proper liabilities and reserves for all taxes and proper
provision for depreciation and amortization of property and bad debts, all in
accordance with GAAP. The Borrowers shall maintain at all times books and
records pertaining to the Collateral in such detail, form and scope as the
Collateral Agent shall reasonably require, including, but not limited to,
records of (a) all payments received and all credits and extensions granted with
respect to the Accounts, and (b) the return, rejection, repossession, stoppage
in transit, loss, damage, or destruction of any Inventory.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200241">5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452868"><u>Financial&nbsp;Information</u></a></font><a NAME="_Toc430586046"><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall promptly furnish to each Lender all such financial
information as the Collateral Agent or any Lender shall reasonably request.
Without limiting the foregoing, the Borrowers will furnish to each Lender, in
such detail as the Collateral Agent or the Lenders shall request, the following:</font></a></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As soon as
available, but in any event not later than ninety (90) days after the close of
each Fiscal Year, consolidated audited balance sheets, income statements, cash
flow statements and changes in stockholders&#146; equity, and consolidating
unaudited balance sheets, income statements and cash flow statements (such cash
flow statements to be consolidated by business segment) for the Consolidated
Parties for such Fiscal Year, and the accompanying notes thereto, setting forth
in each case in comparative form figures for the previous Fiscal Year, all in
reasonable detail, fairly presenting the financial position and the results of
operations of the Consolidated Parties as at the date thereof and for the Fiscal
Year then ended, and prepared in accordance with GAAP. Such statements shall be
examined in accordance with generally accepted auditing standards by and, in the
case of such statements performed on a consolidated</font></p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-25-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">basis, accompanied by a
report thereon unqualified in any respect of independent certified public
accountants selected by the Borrowers and reasonably satisfactory to the
Collateral Agent. The Borrowers, simultaneously with retaining such independent
public accountants to conduct such annual audit, shall send a letter to such
accountants, with a copy to the Collateral Agent, notifying such accountants
that one of the primary purposes for retaining such accountants&#146; services and
having audited financial statements prepared by them is for use by the
Collateral Agent and the Lenders. The Borrowers hereby authorize the Collateral
Agent to communicate directly with its certified public accountants and, by this
provision, authorizes those accountants to disclose to the Collateral Agent any
and all financial statements and other supporting financial documents and
schedules relating to the Borrowers and to discuss directly with the Collateral
Agent the finances and affairs of the Borrowers.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As soon as
available, but in any event not later than thirty (30) days after the end of
each month, unaudited balance sheets of the Consolidated Parties (by business
segment) as at the end of such fiscal month, and statements of profits and
losses and cash flows for the Consolidated Parties (by business segment) for
such fiscal month and for the period from the beginning of the Fiscal Year to
the end of such fiscal month, all in reasonable detail, fairly presenting the
financial position and results of operations of the Consolidated Parties as at
the date thereof and for such periods, and, in each case, in comparable form,
figures for the corresponding period in the prior Fiscal Year and in the
Borrowers&#146; budget, and prepared in accordance with GAAP applied consistently
with the audited Financial Statements required to be delivered pursuant to <u>Section&nbsp;5.2(a)</u>,
but subject to the absence of footnotes, the fact that such financial statements
are not consolidated, and normal year-end adjustments. The Borrowers shall
certify by a certificate signed by a Designated Financial Officer that all such
statements have been prepared in accordance with GAAP and present fairly the
Consolidated Parties&#146; financial position as at the dates thereof and its
results of operations for the periods then ended, subject to the absence of
footnotes, the fact that such financial statements are not consolidated, and
normal year-end adjustments.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With each of the
audited Financial Statements delivered pursuant to <u>Section&nbsp;5.2(a)</u>, a
certificate of the independent certified public accountants that examined such
statement to the effect that they have reviewed and are familiar with this
Agreement and that, in examining such Financial Statements, they did not become
aware of any fact or condition which then constituted a Default or Event of
Default with respect to a financial covenant, except for those, if any,
described in reasonable detail in such certificate.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As soon as
available, but in any event not later than forty-five (45) days after the end of
each fiscal quarter, consolidated and consolidating unaudited balance sheets of
the Consolidated Parties as at the end of such fiscal quarter, and consolidated
and consolidating unaudited income statements and cash flow statements for the
Consolidated Parties (by business segment in the case of consolidating cash flow
statements) for such fiscal quarter and for the period from the beginning of the
Fiscal Year to the end of such fiscal quarter, all in reasonable detail, fairly
presenting the financial position and results of operations of the Consolidated
Parties as at the date thereof and for such periods, and, in each case, in
comparable form, figures for the corresponding period in the prior Fiscal Year
and in the Borrowers&#146; budget, and prepared in</font></p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-26-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">accordance with GAAP applied
consistently with the audited Financial Statements required to be delivered
pursuant to <u>Section&nbsp;5.2(a)</u>, but subject to the absence of footnotes
and normal year-end adjustments. The Borrowers shall certify by a certificate
signed by a Designated Financial Officer that all such statements have been
prepared in accordance with GAAP and present fairly the Consolidated Parties&#146;
financial position as at the dates thereof and its results of operations for the
periods then ended, subject to normal year-end adjustments.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With each of the
annual audited Financial Statements delivered pursuant to <u>Section&nbsp;5.2(a)</u>
and each of the Financial Statements delivered pursuant to <u>Section 5.2(d)</u>,
a certificate of a Designated Financial Officer, substantially in the form of <u>Exhibit&nbsp;F</u>,
setting forth in reasonable detail the calculations required to establish that
the Borrowers were in compliance with the covenants set forth in <u>Sections&nbsp;7.22</u>
through <u>7.25</u> during the period covered in such Financial Statements and
as at the end thereof. With each of the Financial Statements delivered pursuant
to <u>Sections 5.2(b)</u> and <u>(d)</u>, a certificate of a Designated
Financial Officer, substantially in the form of <u>Exhibit&nbsp;F</u>, stating
that, except as explained in reasonable detail in such certificate, (i)&nbsp;all
of the representations and warranties of the Borrowers contained in this
Agreement and the other Loan Documents are correct and complete in all material
respects as at the date of such certificate as if made at such time, except for
those that speak as of a particular date, (ii) the Borrowers are, at the date of
such certificate, in compliance in all material respects with all of their
respective covenants and agreements in this Agreement and the other Loan
Documents, (iii) no Default or Event of Default then exists or existed during
the period covered by the Financial Statements for such fiscal month, and (iv)
in the case of each certificate delivered pursuant to <u>Section 5.2(d)</u>,
describing and analyzing in reasonable detail all material trends, changes, and
developments in each and all Financial Statements (or certifying that such
description and analysis is set forth in Parent&#146;s 10-Q filing for such fiscal
quarter then ending). If such certificate discloses that a representation or
warranty is not correct or complete, or that a covenant has not been complied
with, or that a Default or Event of Default existed or exists, such certificate
shall set forth what action the Borrowers have taken or propose to take with
respect thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No sooner than
sixty (60) days and not less than thirty (30) days prior to the beginning of
each Fiscal Year, annual forecasts by business segment (to include forecasted
consolidated and consolidating balance sheets, income statements and cash flow
statements, and forecasts of borrowing base availability) for the Consolidated
Parties as at the end of and for each month of such Fiscal Year.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly after the
Collateral Agent&#146;s request, a copy of each annual report or other filing filed
with respect to each Plan of any Borrower.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly upon the
filing thereof, copies of all reports, if any, to or other documents filed by
Parent or any of its Subsidiaries with the Securities and Exchange Commission
under the Exchange Act (other than regularly scheduled reports such as 10-Qs and
10-Ks), and all reports, notices, or statements sent or received by Parent or
any of its Subsidiaries to or from the holders of any equity interests of Parent
(other than routine non-material correspondence sent by shareholders of Parent
to Parent) or any such Subsidiary or of any Debt</font></p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-27-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">of Parent or any of its
Subsidiaries registered under the Securities Act of 1933 or to or from the
trustee under any indenture under which the same is issued.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As soon as
available, but in any event not later than fifteen (15) days after Parent&#146;s
receipt thereof, a copy of all management reports and management letters
prepared for any Borrower by any independent certified public accountants of the
Borrowers.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly after
their preparation, copies of any and all proxy statements which Parent makes
available to its shareholders.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If requested by the
Collateral Agent, promptly after filing with the IRS, a copy of each tax return
filed by Parent or by any of its Subsidiaries.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As soon as
available, but in any event (i) within four (4) Business Days after the last
Business Day of each calendar week, a Borrowing Base Certificate as of the last
Business Day of such calendar week, and (ii) within thirty (30) days after the
end of each month, a Borrowing Base Certificate as of the last day of such
month, in each case together with all supporting information with respect
thereto in accordance with Section&nbsp;9 of the Security Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such additional
information as the Collateral Agent and/or any Lender may from time to time
reasonably request regarding the financial and business affairs of Parent or any
Subsidiary.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200242">5.3
    </a><a NAME="_Toc487864578">&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452869"><u>Notices&nbsp;to&nbsp;the&nbsp;Lenders</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall
notify the Collateral Agent and the Lenders in writing of the following matters
at the following times:</font></p>


<blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately
        after becoming aware of any Default or Event of Default;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately
        after becoming aware of the assertion by the holder of any capital stock
        of Parent or of any Subsidiary, or the holder or holders of any Debt of
        Parent or any Subsidiary in a face amount in excess of $250,000
        individually or $500,000 in the aggregate for Parent and the
        Subsidiaries, that a default exists with respect thereto or that Parent
        or such Subsidiary is not in compliance with the terms thereof, or the
        threat or commencement by such holder of any enforcement action because
        of such asserted default or non-compliance;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately
        after becoming aware of any event or circumstance which could reasonably
        be expected to have a Material Adverse Effect;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately
        after becoming aware of any pending or threatened action, suit, or
        proceeding, by any Person, or any pending or threatened investigation by
        a Governmental Authority, which could reasonably be expected to have a
        Material Adverse Effect;</font></p>
</blockquote>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-28-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately
        after becoming aware of any pending or threatened strike, work stoppage,
        unfair labor practice claim, or other labor dispute affecting Parent or
        any of its Subsidiaries in a manner which could reasonably be expected
        to have a Material Adverse Effect;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately
        after becoming aware of any violation of any law, statute, regulation,
        or ordinance of a Governmental Authority affecting Parent or any
        Subsidiary which could reasonably be expected to have a Material Adverse
        Effect;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly
        after receipt of any notice of any violation by Parent or any of its
        Subsidiaries of any Environmental Law which could reasonably be expected
        to have a Material Adverse Effect or that any Governmental Authority has
        asserted in writing that Parent or any Subsidiary is not in compliance
        with any Environmental Law or is investigating Parent&#146;s or such
        Subsidiary&#146;s compliance therewith which could reasonably be expected
        to give rise to liability in excess of $100,000 or have a Material
        Adverse Effect;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly
        after receipt of notice of any Environmental Claim or of any written
        notice that Parent or any of its Subsidiaries is or may be liable to any
        Person as a result of the Release or threatened Release of any
        Contaminant or that Parent or any Subsidiary is subject to investigation
        by any Governmental Authority evaluating whether any remedial action is
        needed to respond to the Release or threatened Release of any
        Contaminant which, in either case, is reasonably likely to give rise to
        liability in excess of $100,000;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly
        after receipt of any written notice of the imposition of any
        Environmental Lien against any property of Parent or any of its
        Subsidiaries;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any change
        in any Borrower&#146;s name, state of organization or state organization
        number, locations of Collateral, form of organization, trade names under
        which any Borrower will sell Inventory or create Accounts, or to which
        instruments in payment of Accounts may be made payable, in each case at
        least thirty (30) days prior thereto;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within ten
        (10) Business Days after any Borrower or any ERISA Affiliate knows or
        has reason to know, that an ERISA Event, or a prohibited transaction (as
        defined in Sections 406 of ERISA and 4975 of the Code) which is
        reasonably likely to give rise to liability in excess of $250,000, has
        occurred, and, when known, any action taken or threatened by the IRS,
        the DOL or the PBGC with respect thereto;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
        request, or, in the event that such filing reflects a significant
        adverse change with respect to the matters covered thereby, within three
        (3) Business Days after the filing thereof with the PBGC, the DOL or the
        IRS, as applicable, copies of the following: (i) each annual report
        (form 5500 series),</font></p>
</blockquote>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-29-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">including Schedule B thereto, filed with the PBGC,
        the DOL or the IRS with respect to each Plan, (ii) a copy of each
        funding waiver request filed with the PBGC, the DOL or the IRS with
        respect to any Plan and all communications received by any Borrower or
        any ERISA Affiliate from the PBGC, the DOL or the IRS with respect to
        such request, and (iii) a copy of each other filing or notice filed with
        the PBGC, the DOL or the IRS, with respect to each Plan by either any
        Borrower or any ERISA Affiliate;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
        request, copies of each actuarial report for any Plan or Multi-employer
        Plan and annual report for any Multi-employer Plan; and within three (3)
        Business Days after receipt thereof by any Borrower or any ERISA
        Affiliate, copies of the following: (i)&nbsp;any notices of the PBGC&#146;s
        intention to terminate a Plan or to have a trustee appointed to
        administer such Plan; (ii)&nbsp;any favorable or unfavorable
        determination letter from the IRS regarding the qualification of a Plan
        under Section&nbsp;401(a) of the Code; or (iii) any notice from a
        Multi-employer Plan regarding the imposition of withdrawal liability;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within
        three (3) Business Days after the occurrence thereof: (i) any changes in
        the benefits of any existing Plan which increase any Borrower&#146;s annual
        costs with respect thereto by an amount in excess of $250,000, or the
        establishment of any new Plan or the commencement of contributions to
        any Plan to which any Borrower or any ERISA Affiliate was not previously
        contributing; or (ii) any failure by any Borrower or any ERISA Affiliate
        to make a required installment or any other required payment under
        Section 412 of the Code on or before the due date for such installment
        or payment; or</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within
        three (3) Business Days after any Borrower or any ERISA Affiliate knows
        or has reason to know that any of the following events has or will
        occur: (i) a Multi-employer Plan has been or will be terminated; (ii)
        the administrator or plan sponsor of a Multi-employer Plan intends to
        terminate a Multi-employer Plan; or (iii) the PBGC has instituted or
        will institute proceedings under Section 4042 of ERISA to terminate a
        Multi-employer Plan.</font></p>




</blockquote>




<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">Each notice given under
this Section shall describe the subject matter thereof in reasonable detail, and
shall set forth the action that the Borrowers or the applicable Subsidiary, or
any ERISA Affiliate, as applicable, has taken or proposes to take with respect
thereto.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200243">5.4
    <u>S</u></a></font><u><font face="Times New Roman" size="2">ubordinated Debt
    Certificate</font></u><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not less than five
(5) Business Days prior to any payment of any principal of, or interest or other
amounts on, any Subordinated Debt, and as a condition precedent to making such
payment, the Borrowers&#146; Agent shall deliver to the Collateral Agent a
certificate of a Designated Financial Officer (a) stating that no Event of
Default is in existence as of the date of the certificate or will be in
existence as of the date of such payment, both with and without giving effect to
the making of such proposed payment, (b) setting forth the amount of principal,
interest and other amount proposed to be paid, (c) setting forth the Excess
Availability as of the date of the certificate and as expected as of the date of
such proposed payment,</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-30-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY">&nbsp;</p>


    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">both with and without giving effect to the making of such
proposed payment, (d) certifying that the proposed payment is permitted under <u>Section
7.14(b)</u> of this Agreement, and (e) in the case of any Permitted Payment of
principal to be made in accordance with the terms of the Subordination Agreement
pursuant to <u>Section 7.14(b)</u> of this Agreement, a detailed calculation of
the amount of the proposed principal payment, including, (i) in the case of any
payment to be made from the proceeds of RoadOne Dispositions in accordance with <u>Section
3.4(b)</u>, a detailed calculation of the Net Junior Creditors&#146; Proceeds, and
(ii) in the case of any regularly scheduled principal payment, a detailed
calculation of the Fixed Charge Coverage Ratio for the twelve (12) fiscal month
period most recently ended (or, in the case of the initial regularly scheduled
principal payment, for the Stub Period (as defined in the definition of
&quot;Permitted Payments&quot;) and for the twelve (12) fiscal month period
ending as of the last day of the Stub Period), both with and without giving
effect to the making of the proposed payment (and the Borrowers shall provide
with such certificate all such supporting information as the Collateral Agent
may request in order to confirm and verify the accuracy of such calculations and
the amount of the proposed payment).</font></p>


<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200244">ARTICLE
6</a><a NAME="_Toc430586048"></a><a NAME="_Toc487864579"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452870">GENERAL&nbsp;WARRANTIES&nbsp;AND&nbsp;REPRESENTATIONS</a></font></p>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">The Borrowers warrant
and represent to the Agents and the Lenders that, except as hereafter disclosed
to and accepted by the Collateral Agent and the Required Lenders in writing:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200245">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452871"><u>Authorization,
Validity, and Enforceability of this Agreement and the Loan Documents</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Borrower has the
power and authority to execute, deliver and perform this Agreement and the other
Loan Documents to which it is a party, to incur the Obligations, and to grant
Liens upon and security interests in the Collateral to the Collateral Agent.
Each Borrower has taken all necessary action (including obtaining approval of
its stockholders, if necessary) to authorize its execution, delivery, and
performance of this Agreement and the other Loan Documents to which it is a
party. This Agreement and the other Loan Documents to which it is a party have
been duly executed and delivered by each Borrower, and constitute the legal,
valid and binding obligations of each Borrower, enforceable against it in
accordance with their respective terms, except as may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting
the enforcement of creditors&#146; rights generally and by general principles of
equity. Each Borrower&#146;s execution, delivery, and performance of this Agreement
and the other Loan Documents to which it is a party do not and will not conflict
with, or constitute a violation or breach of, or result in the imposition of any
Lien upon the property of such Borrower or any of its Subsidiaries, by reason of
the terms of (a)&nbsp;any contract, mortgage, lease, agreement, indenture, or
instrument to which such Borrower is a party or which is binding upon it, (b)
any Requirement of Law applicable to such Borrower or any of its Subsidiaries,
or (c) the certificate or articles&nbsp;of incorporation or by-laws or the
limited liability company or limited partnership agreement of such Borrower or
any of its Subsidiaries.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200246">6.2
    </a><a NAME="_Toc487864581">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452872"><u>Validity
    and Priority of Security Interest</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The provisions of
this Agreement and the other Loan Documents create legal and valid Liens on all
the Collateral in favor of the Collateral Agent, for the ratable benefit of the
Collateral Agent, the Letter of Credit</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-31-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">Issuer and the Lenders, and such Liens
constitute perfected and continuing Liens on all the Collateral, having priority
over all other Liens on the Collateral (except for those Liens identified in <u>clauses
(a)</u>, <u>(c)</u>, <u>(d)</u> and <u>(e)</u> of the definition of Permitted
Liens), and are enforceable against each Borrower as security for all of the
Obligations.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200247">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452873"><u>Organization
    and Qualification</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Borrower
(a)&nbsp;is duly organized or incorporated and validly existing in good standing
under the laws of the state of its organization or incorporation, (b)&nbsp;is
qualified to do business and is in good standing in the jurisdictions set forth
on <u>Schedule 6.3</u> which are the only jurisdictions in which qualification
is necessary in order for it to own or lease its property and conduct its
business, except where such failure could not reasonably be expected to have a
Material Adverse Effect, and (c)&nbsp;has all requisite power and authority to
conduct its business and to own its property.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200248">6.4
    </a><a NAME="_Toc487864583">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452874"><u>Corporate
    Name; Prior Transactions</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as set forth
on <u>Schedule 6.4</u>, no Borrower has, during the past five (5) years, been
known by or used any other corporate or fictitious name, or been a party to any
merger or consolidation, or acquired all or substantially all of the assets of
any Person, or acquired any of its property outside of the ordinary course of
business.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200249">6.5
    </a><a NAME="_Toc487864584">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452875"><u>Subsidiaries
    and Affiliates</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Schedule 6.5</u>
is a correct and complete list of the name and relationship to Parent of each
and all of Parent&#146;s Subsidiaries and other Affiliates. Each non-Borrower
Subsidiary is (a) duly incorporated or organized and validly existing in good
standing under the laws of its state of incorporation or organization set forth
on <u>Schedule 6.5</u>, (b) qualified to do business and in good standing in
each jurisdiction in which the failure to so qualify or be in good standing
could reasonably be expected to have a material adverse effect on any such
Subsidiary&#146;s business, operations, prospects, property, or condition
(financial or otherwise) and (c) has all requisite power and authority to
conduct its business and own its property.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200250">6.6
    </a><a NAME="_Toc487864585">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452876"><u>Financial
    Statements and Projections</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers have
delivered to the Agents and the Lenders the drafts of the audited balance sheet
and related statements of income, retained earnings, cash flows, and changes in
stockholders equity for the Consolidated Parties as of April 30, 2001, and for
the Fiscal Year then ended, accompanied by the draft report thereon of the
Borrower&#146;s independent certified public accountants, Arthur Andersen LLP. All
such financial statements have been prepared in accordance with GAAP, and
present accurately and fairly in all material respects the financial position of
the Consolidated Parties as at the dates thereof and their results of operations
for the periods then ended.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Latest
Projections (attached hereto as <u>Exhibit&nbsp;C</u> in the case of the Latest
Projections on the Closing Date) when submitted to the Lenders as required
herein represent the Borrowers&#146; good faith estimate of the future financial
performance of the Consolidated Parties for the periods set forth therein. The
Latest Projections have been prepared on the basis of the assumptions set forth
therein, which the Borrowers believe are fair and reasonable in light of current
and reasonably foreseeable business conditions at the time submitted to the
Lenders.</font></p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-32-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The pro forma
balance sheet of the Consolidated Parties as at April 30, 2001, attached hereto
as <u>Exhibit&nbsp;C</u>, presents fairly and accurately the Consolidated
Parties&#146; financial condition as at such date after giving effect to the
transactions contemplated by this Agreement, and has been prepared in accordance
with GAAP.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200251">6.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452877"><u>Capitalization</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schedule 6.7 sets
forth, as of the Closing Date, the number of authorized shares of capital stock
or similar equity interests of each Borrower and each Subsidiary of any
Borrower, the number of such shares or other interests that are outstanding, and
the names of the record and beneficial owners of all such shares of all
Borrowers (other than Parent) and their Subsidiaries. All such issued and
outstanding shares or other interests are validly issued, fully paid and
non-assessable.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200252">6.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452878"><u>Solvency</u></a></font><a NAME="_Toc430586057"><font face="Times New Roman" size="2">.</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each Borrower is Solvent prior to and after giving effect to the Borrowings to
be made on the Closing Date and the issuance of the Letters of Credit to be
issued on the Closing Date, and shall remain Solvent during the term of this
Agreement.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200253">6.9
    </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a NAME="_Toc430586058"><u>Debt</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After giving effect
to the making of the Borrowings to be made on the Closing Date and the issuance
of the Letters of Credit to be issued on the Closing Date, the Consolidated
Parties have no Debt, except (a) the Obligations, (b) Debt described on <u>Schedule&nbsp;6.9</u>,
and (c) other Permitted Debt.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200254">6.10
    </a></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="2"><a NAME="_Toc430586059"><u>Distributions</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Since April 30, 2001,
no Distribution has been declared, paid, or made upon or in respect of any
capital stock or other securities of Parent or any of its Subsidiaries, except
for Distributions from Subsidiaries to Parent or other Borrowers.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200255">6.11
    </a><a NAME="_Toc496452881">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586061"><u>Real
    Estate; Leases</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Schedule 6.11</u>
sets forth, as of the Closing Date, a correct and complete list of all Real
Estate owned by any Borrower and any of its Subsidiaries, all leases and
subleases of real or personal property held by any Borrower as lessee or
sublessee (other than leases of personal property as to which any Borrower is
lessee or sublessee for which the value of such personal property in the
aggregate is less than $500,000), and all leases and subleases of real or
personal property held by any Borrower as lessor or sublessor. Each of such
leases and subleases is valid and enforceable in accordance with its terms and
is in full force and effect, and, to the Borrowers&#146; best knowledge, no default
by any party to any such lease or sublease exists, which default could
reasonably be expected to have a Material Adverse Effect. <a NAME="_Toc430586060">Each
Borrower has good and marketable title in fee simple to the Real Estate
identified on <u>Schedule 6.11</u> as owned by such Borrower, or valid leasehold
interests in all Real Estate designated therein as &quot;leased&quot; by such
Borrower, and each Borrower has good, indefeasible, and merchantable title to
all of its other property reflected on the April 30, 2001 Financial Statements
delivered to the Agents and the Lenders, except as disposed of in the ordinary
course of business or in accordance with the terms of this Agreement since the
date thereof, free of all Liens except Permitted Liens.</a></font></p>


<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200256">6.12
    </a><a NAME="_Toc496452882">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586062"><u>Proprietary
    Rights</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Schedule 6.12</u>
sets forth a correct and complete list of all of each Borrower&#146;s Proprietary
Rights. None of the Proprietary Rights is subject to any licensing agreement or
similar arrangement except as set forth on <u>Schedule 6.12</u>. To the best of
any Borrower&#146;s knowledge, none of the Proprietary Rights infringes on or
conflicts with any other&nbsp;</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-33-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY">&nbsp;</p>


    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> Person&#146;s property, and no other Person&#146;s property
infringes on or conflicts with the Proprietary Rights, in each case, where such
infringement could reasonably be expected to have a Material Adverse Effect. The
Proprietary Rights described on <u>Schedule 6.12</u> constitute all of the
property of such type necessary to the current and anticipated future conduct of
the Borrowers&#146; business.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200257">6.13
    </a><a NAME="_Toc496452883">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586063"><u>Trade&nbsp;Names</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All trade names or
styles under which any Borrower or any of its Subsidiaries will sell Inventory
or create Accounts, or to which instruments in payment of Accounts may be made
payable, are listed on <u>Schedule&nbsp;6.13</u>.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200258">6.14
    </a><a NAME="_Toc496452884">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586064"><u>Litigation</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as set forth
on <u>Schedule 6.14</u>, there is no pending, or to the best of any Borrower&#146;s
knowledge, threatened, action, suit, proceeding, or counterclaim by any Person,
or to the best of any Borrower&#146;s knowledge, investigation by any Governmental
Authority, or any basis for any of the foregoing, which could reasonably be
expected to have a Material Adverse Effect.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200259">6.15
    </a><a NAME="_Toc496452885">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586067"><u>Labor
    Disputes</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as set forth
on <u>Schedule 6.15</u>, as of the Closing Date (a) there is no collective
bargaining agreement or other labor contract covering employees of any Borrower
or any of its Subsidiaries, (b) no such collective bargaining agreement or other
labor contract is scheduled to expire during the term of this Agreement, (c)
except in the case of any Foreign Subsidiary organized under the laws of France,
no union or other labor organization is seeking to organize, or to be recognized
as, a collective bargaining unit of employees of any Borrower or any of its
Subsidiaries or for any similar purpose, and (d)&nbsp;there is no pending or (to
the best of any Borrower&#146;s knowledge) threatened, strike, work stoppage,
material unfair labor practice claim, or other material labor dispute against or
affecting any Borrower or its Subsidiaries or their employees.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200260">6.16
    </a><a NAME="_Toc496452886">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586068"><u>Environmental
    Laws</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as otherwise
disclosed on <u>Schedule 6.16</u> and except for such failures, liabilities,
violations and investigations (and, in the case of <u>clause (f)</u>, for tanks,
impoundments, materials and PCBs, and the presence thereof) which could not
reasonably be expected to have a Material Adverse Effect:</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Borrower and
its Subsidiaries have complied in all material respects with all Environmental
Laws and neither any Borrower nor any Subsidiary nor any of its presently owned
real property or presently conducted operations, nor its previously owned real
property or prior operations, is subject to any enforcement order from or
liability agreement with any Governmental Authority or private Person respecting
(i) compliance with any Environmental Law or (ii) any potential liabilities and
costs or remedial action arising from the Release or threatened Release of a
Contaminant.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Borrower and
its Subsidiaries have obtained all permits necessary for their current
operations under Environmental Laws, and all such permits are in good standing
and each Borrower and its Subsidiaries are in compliance with all material terms
and conditions of such permits.</font></p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-34-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither any
Borrower nor any of its Subsidiaries, nor, to the best of any Borrower&#146;s
knowledge, any of its predecessors in interest, has in violation of applicable
law stored, treated or disposed of any hazardous waste.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither any
Borrower nor any of its Subsidiaries has received any summons, complaint, order
or similar written notice indicating that it is not currently in compliance
with, or that any Governmental Authority is investigating its compliance with,
any Environmental Laws or that it is or may be liable to any other Person as a
result of a Release or threatened Release of a Contaminant.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the best of each
Borrower&#146;s knowledge, none of the present or past operations of any Borrower
or its Subsidiaries is the subject of any investigation by any Governmental
Authority evaluating whether any remedial action is needed to respond to a
Release or threatened Release of a Contaminant.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There is not now,
nor to the best of each Borrower&#146;s knowledge has there ever been, on or in the
Real Estate:</font></p>




<blockquote>
  <blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(1) any
        underground storage tanks or surface impoundments,</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(2) any
        asbestos-containing material, or</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(3) any
        polychlorinated biphenyls (PCBs) used in hydraulic oils, electrical
        transformers or other equipment.</font></p>




  </blockquote>
</blockquote>




<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither any
Borrower nor any of its Subsidiaries has filed any notice under any requirement
of Environmental Law reporting a spill or accidental and unpermitted Release or
discharge of a Contaminant into the environment.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither any
Borrower nor any of its Subsidiaries has entered into any negotiations or
settlement agreements with any Person (including the prior owner of its
property) imposing material obligations or liabilities on any Borrower or any of
its Subsidiaries with respect to any remedial action in response to the Release
of a Contaminant or environmentally related claim.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(i) None of the
products presently manufactured, distributed or sold by any Borrower or any of
its Subsidiaries contain asbestos &nbsp;&nbsp;&nbsp;&nbsp; containing material.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Environmental
Lien has attached to the Real Estate.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200261">6.17
    </a><a NAME="_Toc496452887">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586069"><u>No
    Violation of Law</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither any Borrower
nor any of its Subsidiaries is in violation of any law, statute, regulation,
ordinance, judgment, order, or decree applicable to it which violation could
reasonably be expected to have a Material Adverse Effect.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200262">6.18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586070"><u>No
    Default</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neither any Borrower
nor any of its Subsidiaries is in default with respect to any note, indenture,
loan agreement, mortgage, lease, deed, or other agreement to</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-35-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2"> which any Borrower
or such Subsidiary is a party or by which it is bound, which default could
reasonably be expected to have a Material Adverse Effect.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200263">6.19
    </a><a NAME="_Toc496452889">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586071"><u>ERISA
    Compliance</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Plan is in
compliance in all material respects with the applicable provisions of ERISA, the
Code and other federal or state law. Each Plan which is intended to qualify
under Section 401(a) of the Code has received a favorable determination letter
from the IRS and to the best knowledge of each Borrower, nothing has occurred
which would cause the loss of such qualification. Each Borrower and each ERISA
Affiliate has made all required contributions to any Plan subject to Section 412
of the Code, and no application for a funding waiver or an extension of any
amortization period pursuant to Section 412 of the Code has been made with
respect to any Plan.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are no
pending or, to the best knowledge of any Borrower, threatened claims, actions or
lawsuits, or action by any Governmental Authority, with respect to any Plan
which has resulted or could reasonably be expected to result in a Material
Adverse Effect. There has been no prohibited transaction or violation of the
fiduciary responsibility rules with respect to any Plan which has resulted or
could reasonably be expected to result in a Material Adverse Effect.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension
Plan has any Unfunded Pension Liability; (iii) neither any Borrower nor any
ERISA Affiliate has incurred, or reasonably expects to incur, any liability
under Title IV of ERISA with respect to any Pension Plan (other than premiums
due and not delinquent under Section 4007 of ERISA); (iv) neither any Borrower
nor any ERISA Affiliate has incurred, or reasonably expects to incur, any
liability (and no event has occurred which, with the giving of notice under
Section 4219 of ERISA, would result in such liability) under Section 4201 or
4243 of ERISA with respect to a Multi-employer Plan; and (v) neither any
Borrower nor any ERISA Affiliate has engaged in a transaction that could be
subject to Section 4069 or 4212(c) of ERISA.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200264">6.20&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586072"><u>Taxes</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Borrower and its
Subsidiaries have filed all federal and other material tax returns and reports
required to be filed, and have paid all federal and other taxes, assessments,
fees and other governmental charges levied or imposed upon them or their
properties, income or assets otherwise due and payable unless such unpaid taxes
and assessments would constitute a Permitted Lien.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200265">6.21&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586073"><u>Regulated
    Entities</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; None of the
Borrowers, any Person &quot;controlling&quot; (as such term is defined in the
Investment Company Act of 1940) any Borrower, or any Subsidiary, is an
&quot;Investment Company&quot; within the meaning of the Investment Company Act
of 1940. No Borrower is subject to regulation under the Public Utility Holding
Company Act of 1935, the Federal Power Act, the Interstate Commerce Act, any
state public utilities code or law, or any other federal or state statute or
regulation limiting its ability to incur indebtedness.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200266">6.22
    </a><a NAME="_Toc496452892">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586074"><u>Use
    of Proceeds; Margin Regulations</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The proceeds of the
Loans are to be used solely for working capital purposes and to repay Debt on
the Closing Date. Neither any</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-36-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">Borrower nor any Subsidiary is engaged in the
business of purchasing or selling Margin Stock or extending credit for the
purpose of purchasing or carrying Margin Stock.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200267">6.23
    </a><a NAME="_Toc496452893">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586075"><u>Copyrights,
    Patents, Trademarks and Licenses, etc</u></a>.<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Borrower owns or
is licensed or otherwise has the right to use all material patents, trademarks,
service marks, trade names, copyrights, contractual franchises, licenses, rights
of way, authorizations and other rights that are reasonably necessary for the
operation of its businesses, without conflict with the rights of any other
Person. To the best knowledge of each Borrower, no slogan or other advertising
device, product, process, method, substance, part or other material now
employed, or now contemplated to be employed, by any Borrower or any Subsidiary
infringes upon any rights held by any other Person, where such infringement
could reasonably be expected to have a Material Adverse Effect. No claim or
litigation regarding any of the foregoing is pending or threatened, and no
patent, invention, device, application, principle or any statute, law, rule,
regulation, standard or code is pending or, to the knowledge of any Borrower,
proposed, which, in either case, could reasonably be expected to have a Material
Adverse Effect.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200268">6.24
    </a><a NAME="_Toc496452894">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586076"><u>No&nbsp;Material&nbsp;Adverse&nbsp;Effect</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Material Adverse
Effect has occurred since April 30, 2001.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200269">6.25
    </a><a NAME="_Toc496452895">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586078"><u>Full
    Disclosure</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; None of the
representations or warranties made by any Borrower or any Subsidiary in the Loan
Documents as of the date such representations and warranties are made or deemed
made, and none of the statements contained in any exhibit, report, statement or
certificate furnished by or on behalf of any Borrower or any Subsidiary in
connection with the Loan Documents (including the offering and disclosure
materials delivered by or on behalf of the Borrowers to the Lenders prior to the
Closing Date), contains any untrue statement of a material fact or omits any
material fact required to be stated therein or necessary to make the statements
made therein, in light of the circumstances under which they are made, not
misleading as of the time when made or delivered.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200270">6.26
    </a><a NAME="_Toc496452896">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586079"><u>Material
    Agreements</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Schedule 6.26</u>
hereto sets forth as of the Closing Date all Chassis Floorplan Agreements and
Repurchase Agreements to which any Borrower or any of its Subsidiaries is a
party or is bound as of the date hereof.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200271">6.27
    </a><a NAME="_Toc496452897">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586080"><u>Bank
    Accounts</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Schedule 6.27</u>
contains a complete and accurate list of all bank accounts maintained by any
Borrower with any bank or other financial institution.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200272">6.28&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586081"><u>Governmental
    Authorization</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No approval, consent,
exemption, authorization, or other action by, or notice to, or filing with, any
Governmental Authority or other Person is necessary or required in connection
with the execution, delivery or performance by, or enforcement against, any
Borrower or any of its Subsidiaries of this Agreement or any other Loan
Document.</font></p>


<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200273">ARTICLE
7</a><a NAME="_Toc487864608"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452899">AFFIRMATIVE
AND NEGATIVE COVENANTS</a></font></p>
</u>
<p ALIGN="JUSTIFY">&nbsp;</p>


<p ALIGN="center" style="text-indent: 0">-37-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 50">Each Borrower covenants
to the Agents and each Lender that so long as any of the Obligations remain
outstanding or this Agreement is in effect:</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200274">7.1
    </a><a NAME="_Toc496452900">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586082"><u>Taxes
    and Other Obligations</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Borrower shall,
and shall cause each of its Subsidiaries to, (a)&nbsp;file when due all tax
returns and other reports which it is required to file; (b) pay, or provide for
the payment, when due, of all taxes, fees, assessments and other governmental
charges against it or upon its property, income and franchises, make all
required withholding and other tax deposits, and establish adequate reserves for
the payment of all such items, and provide to the Collateral Agent and the
Lenders, upon request, satisfactory evidence of its timely compliance with the
foregoing; and (c)&nbsp;pay when due all Debt owed by it and all claims of
materialmen, mechanics, carriers, warehousemen, landlords, processors and other
like Persons, and all other indebtedness owed by it and perform and discharge in
a timely manner all other obligations undertaken by it; <u>provided</u>, <u>however</u>,
so long as the Borrowers have notified the Collateral Agent in writing, neither
any Borrower nor any of its Subsidiaries need pay any tax, fee, assessment, or
governmental charge (i)&nbsp;it is contesting in good faith by appropriate
proceedings diligently pursued, (ii) as to which such Borrower or its
Subsidiary, as the case may be, has established proper reserves as required
under GAAP, and (iii)&nbsp;the nonpayment of which does not result in the
imposition of a Lien (other than a Permitted Lien).</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200275">7.2
    </a><a NAME="_Toc496452901">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586083"><u>Legal
    Existence and Good Standing</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as permitted
under <u>Section 7.9(e)</u>, <u>(f)</u> and <u>(g)</u>, each Borrower shall, and
shall cause each of its Subsidiaries to, maintain its legal existence and its
qualification and good standing in its jurisdiction of organization and in all
other jurisdictions in which the failure to maintain such qualification or good
standing could reasonably be expected to have a Material Adverse Effect.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200276">7.3
    </a><a NAME="_Toc496452902">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586084"><u>Compliance
    with Law and Agreements; Maintenance of Licenses</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Borrower shall
comply, and shall cause each Subsidiary to comply, in all material respects with
all Requirements of Law of any Governmental Authority having jurisdiction over
it or its business (including the Federal Fair Labor Standards Act and all
Environmental Laws). Each Borrower shall, and shall cause each of its
Subsidiaries to, obtain and maintain all licenses, permits, franchises, and
governmental authorizations necessary to own its property and to conduct its
business as conducted on the Closing Date, except where such failure to obtain
or maintain could not reasonably be expected to have a Material Adverse Effect.
No Borrower shall modify, amend or alter its certificate or articles of
incorporation, or its limited liability company operating agreement or limited
partnership agreement, as applicable, other than in a manner which does not
adversely affect the rights of the Lenders or the Collateral Agent.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200277">7.4
    </a><a NAME="_Toc496452903">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586085"><u>Maintenance
    of Property; Inspection of Property</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Borrower
shall, and shall cause each of its Subsidiaries to, maintain all of its property
necessary and useful in the conduct of its business, in good operating condition
and repair, ordinary wear and tear excepted.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall
permit representatives and independent contractors of the Collateral Agent
(accompanied by any Lender that elects to participate) to visit and inspect any
of their properties, to examine their corporate, financial and operating
records,</font></p>


<p ALIGN="center" style="text-indent: 0">-38-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">and make copies thereof or abstracts therefrom and to discuss their
affairs, finances and accounts with their directors, officers and independent
public accountants, at such reasonable times during normal business hours and as
soon as may be reasonably desired, upon reasonable advance notice to the
Borrowers&#146; Agent. The Borrowers shall be responsible for the expenses of the
Collateral Agent and its representatives and independent contractors in
connection with such visits and inspections, as set forth in Section 13.7(f); provided,
however, (i) if no Event of Default exists, the
Borrowers shall not be responsible for the expense of (A) more than four such
inspections and audits per year conducted at the chief executive offices of the
Borrowers or any other location where books and records relating to Accounts are
located, (B) more than two such inspections and audits per year conducted at
each manufacturing location of the Borrowers, and (C) more than one such
inspection and audit per year conducted at each other office or location where
Collateral is located, and (ii) when an Event of Default exists, the Collateral
Agent or any Lender may do any of the foregoing at the expense of the Borrowers
at any time during normal business hours and without advance notice.</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall
cooperate with the Collateral Agent and its representatives and independent
contractors (such cooperation to include the Borrowers making their books and
records, Collateral and personnel available to the Collateral Agent and its
representatives and independent contractors) in order to enable the Collateral
Agent to obtain updated appraisals of the Fixed Assets (such appraisals to be
prepared on a basis satisfactory to the Collateral Agent) whenever an Event of
Default exists, and at such other times not more frequently than once a year as
the Collateral Agent requests. The Collateral Agent shall select any and all
appraisers in its sole discretion. The Borrowers will reimburse the Collateral
Agent for all of its reasonable out-of-pocket costs and expenses actually
incurred in connection with each such appraisal.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall
cooperate with the Collateral Agent and its representatives and independent
contractors (such cooperation to include the Borrowers making their books and
records, Collateral and personnel available to the Collateral Agent and its
representatives and independent contractors) in order to enable the Collateral
Agent to obtain an Appraisal of the Borrowers&#146; finished goods Inventory and
Fleet Vehicles (a) on or before the Closing Date, and (b) at least every three
months thereafter (or more often, if requested by the Collateral Agent, in its
sole discretion during the existence of an Event of Default). The Collateral
Agent shall select any and all appraisers in its sole discretion. The Borrowers
will reimburse the Collateral Agent for all of its reasonable out-of-pocket
costs and expenses actually incurred in connection with each such Appraisal.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200278">7.5
    </a><a NAME="_Toc496452904">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586086"><u>Insurance</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent shall
maintain, and shall cause each of its Subsidiaries to maintain, with financially
sound and reputable insurers having a rating of at least A+ or better by Best
Rating Guide, insurance against loss or damage by fire with extended coverage;
theft, burglary, pilferage and loss in transit; public liability and third party
property damage; larceny, embezzlement or other criminal liability; business
interruption; public liability and third party property damage; and such other
hazards or of such other types as is customary for Persons</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-39-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">engaged in the same
or similar business, and in amounts consistent with past practices, and under
policies, customary for Persons engaged in the same or similar business. Without
limiting the foregoing, in the event that any improved Real Estate covered by
the Mortgages is determined to be located within an area that has been
identified by the Director of the Federal Emergency Management Agency as a
Special Flood Hazard Area (&quot;<u>SFHA</u>&quot;), the applicable Borrower
shall purchase and maintain flood insurance on the improved Real Estate and any
Equipment and Inventory located on such Real Estate. The amount of said flood
insurance will be reasonably determined by the Collateral Agent, and shall, at a
minimum, comply with applicable federal regulations as required by the Flood
Disaster Protection Act of 1973, as amended. The Borrowers shall also maintain
flood insurance for their Inventory and Equipment which is, at any time, located
in a SFHA.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Borrower shall
cause the Collateral Agent, for the ratable benefit of the Collateral Agent, the
Letter of Credit Issuer and the Lenders, to be named as secured party or
mortgagee and sole loss payee or additional insured, in a manner acceptable to
the Collateral Agent. Each policy of insurance shall contain a clause or
endorsement requiring the insurer to give not less than thirty (30) days&#146;
prior written notice to the Collateral Agent in the event of cancellation of the
policy for any reason whatsoever and a clause or endorsement stating that the
interest of the Collateral Agent shall not be impaired or invalidated by any act
or neglect of any Borrower or any of its Subsidiaries or the owner of any Real
Estate for purposes more hazardous than are permitted by such policy. All
premiums for such insurance shall be paid by the Borrowers when due, and
certificates of insurance and, if requested by the Collateral Agent or any
Lender, photocopies of the policies, shall be delivered to the Collateral Agent.
If any Borrower fails to procure such insurance or to pay the premiums therefor
when due, the Collateral Agent may, and at the direction of the Required Lenders
shall, do so from the proceeds of Revolving Loans.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200279">7.6
    </a><a NAME="_Toc487864614">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452905"><u>Insurance and
    Condemnation Proceeds</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Borrowers shall
promptly notify the Collateral Agent and the Lenders of any loss, damage, or
destruction to the Collateral, whether or not covered by insurance, in excess of
$100,000. The Collateral Agent is hereby authorized to collect all insurance and
condemnation proceeds in respect of Collateral (other than Collateral subject to
a prior Permitted Lien permitted under <u>clauses (i)</u>, <u>(j)</u>, <u>(k)</u>,
<u>(l)</u> or <u>(m)</u> of the definition of &quot;Permitted Liens&quot;)
directly and to apply or remit them as follows:</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to
insurance and condemnation proceeds relating to such Collateral other than Fixed
Assets, after deducting from such proceeds the reasonable expenses, if any,
incurred by the Collateral Agent in the collection or handling thereof, the
Collateral Agent shall apply such proceeds, ratably, to the reduction of the
Obligations in the order provided for in <u>Section 3.8</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to
insurance and condemnation proceeds relating to such Collateral consisting of
Fixed Assets, the Collateral Agent shall permit or require the Borrowers to use
such proceeds, or any part thereof, to replace, repair, restore or rebuild the
relevant Fixed Assets in a diligent and expeditious manner with materials and
workmanship of substantially the same quality as existed before the loss, damage
or destruction so long as (i)&nbsp;no</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-40-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">Default or Event of Default has occurred
and is continuing, (ii)&nbsp;the aggregate proceeds do not exceed $250,000 and
(iii)&nbsp;the Borrowers first (A) provide the Collateral Agent and the Required
Lenders with plans and specifications for any such repair or restoration which
shall be reasonably satisfactory to the Collateral Agent and the Required
Lenders and (B) demonstrate to the reasonable satisfaction of the Collateral
Agent and the Required Lenders that the funds available to them will be
sufficient to complete such project in the manner provided therein. In all other
circumstances, the Collateral Agent shall apply such insurance and condemnation
proceeds, ratably, to the reduction of the Obligations in the order provided for
in <u>Section 3.4(d)</u>.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200280">7.7
    </a><a NAME="_Toc496452906">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586088"><u>Environmental
    Laws</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Borrower
shall, and shall cause each of its Subsidiaries to, conduct its business in
compliance with all Environmental Laws applicable to it, including those
relating to the generation, handling, use, storage, and disposal of any
Contaminant, except where such failure could not reasonably be expected to have
a Material Adverse Effect. Each Borrower shall, and shall cause each of its
Subsidiaries to, take prompt and appropriate action, in accordance with any
applicable Environmental Law, to respond to any non-compliance or alleged
non-compliance with Environmental Laws and shall promptly report to the
Collateral Agent on such response.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without limiting
the generality of the foregoing, the Borrowers shall submit to the Collateral
Agent and the Lenders annually, commencing on the first Anniversary Date, and on
each Anniversary Date thereafter, an update of the status of each environmental
compliance or liability issue that could be reasonably be expected to result in
liabilities or costs in excess of $100,000 in the aggregate. The Collateral
Agent or any Lender shall be provided, upon request, copies of any studies,
audits, assessments or other reports prepared by any Borrower or Person and any
communications by or between any Borrower or any Governmental Authority related
to such environmental issue to determine whether each Borrower or any of its
Subsidiaries is proceeding reasonably to correct, cure or contest in good faith
any alleged non-compliance or environmental liability. Each Borrower shall, at
the Collateral Agent&#146;s or the Required Lenders&#146; request and at the Borrowers&#146;
expense, (i)&nbsp;retain an independent environmental engineer acceptable to the
Collateral Agent to evaluate the site, including tests if appropriate, where the
non-compliance or alleged non-compliance with Environmental Laws which could
reasonably be expected to result in liabilities or costs in excess of $10,000
with respect to any Real Estate owned by a RoadOne Borrower, or $100,000 with
respect to any Real Estate owned by a Miller Borrower, has occurred and prepare
and deliver to the Collateral Agent, in sufficient quantity for distribution by
the Collateral Agent to the Lenders, a report setting forth the results of such
evaluation, a proposed plan for responding to any environmental problems
described therein, and an estimate of the costs thereof, and (ii) provide to the
Collateral Agent and the Lenders a supplemental report of such engineer whenever
the scope of any environmental problems which could reasonably be expected to
result in liabilities or costs in excess of $10,000 with respect to any Real
Estate owned by a RoadOne Borrower, or $100,000 with respect to any Real Estate
owned by a Miller Borrower, or the response thereto or the estimated costs
thereof, shall increase in any material respect.</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-41-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral
Agent and its representatives shall have the right at any reasonable time to
enter and visit the Real Estate and any other place where any property of any
Borrower is located for the purposes of observing or investigating the Real
Estate and activities thereon, taking and removing soil or groundwater samples,
and conducting tests on any part of the Real Estate, provided that the Borrowers
shall not be responsible for the costs and expenses incurred in connection with
such activities in the absence of an Event of Default. The Collateral Agent is
under no duty, however, to visit or observe the Real Estate or to conduct tests,
and any such acts by the Collateral Agent will be solely for the purposes of
protecting the Collateral Agent&#146;s Liens and preserving the Collateral Agent
and the Lenders&#146; rights under the Loan Documents. No site visit, observation
or testing by the Collateral Agent and the Lenders will result in a waiver of
any default of any Borrower or impose any liability on the Collateral Agent or
the Lenders. In no event will any site visit, observation or testing by the
Collateral Agent be a representation that Contaminants are or are not present
in, on or under the Real Estate, or that there has been or will be compliance or
non-compliance with any Environmental Law. Neither any Borrower nor any other
party is entitled to rely on any site visit, observation or testing by the
Collateral Agent. The Collateral Agent and the Lenders owe no duty of care to
protect any Borrower or any other party against, or, unless otherwise required
by any applicable Environmental Law, to inform any Borrower or any other party
of the presence of any Contaminants or any other adverse condition affecting the
Real Estate. The Collateral Agent may in its discretion disclose to any Borrower
or to any other party if so required by law any report or findings made as a
result of, or in connection with, any site visit, observation or testing by the
Collateral Agent. Each Borrower understands and agrees that the Collateral Agent
makes no warranty or representation to any Borrower or any other party regarding
the truth, accuracy or completeness of any such report or findings that may be
disclosed. Each Borrower also understands that depending on the results of any
site visit, observation or testing by the Collateral Agent and disclosed to any
Borrower, such Borrower may have a legal obligation to notify one or more
Governmental Authorities of the results, that such reporting requirements are
site-specific, and are to be evaluated by such Borrower without advice or
assistance from the Collateral Agent. In each instance, the Collateral Agent
will give the Borrowers&#146; Agent reasonable notice before entering the Real
Estate or any other place the Collateral Agent is permitted to enter under this <u>Section&nbsp;7.7(c)</u>.
The Collateral Agent will make reasonable efforts to avoid interfering with the
applicable Borrower&#146;s use of the Real Estate or any other property in
exercising any rights provided hereunder.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200281">7.8
    </a><a NAME="_Toc496452907">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586089"><u>Compliance
    with ERISA</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Borrower shall,
and shall cause each of its ERISA Affiliates to: (a) maintain each Plan in
compliance in all material respects with the applicable provisions of ERISA, the
Code and other federal or state law; (b) cause each Plan which is qualified
under Section 401(a) of the Code to maintain such qualification; (c) make all
required contributions to any Plan subject to Section 412 of the Code, except to
the extent the failure to make any such contribution could not reasonably be
expected to result in liabilities to the Borrowers in excess of $250,000; (d)
not engage in a prohibited transaction or violation of the fiduciary
responsibility rules with respect to any Plan which could reasonably be expected
to result in liabilities to the Borrowers in excess of $250,000; and (e) not
engage in a transaction that could be subject to Section 4069 or 4212(c) of
    ERISA.</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-42-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200282">7.9
    </a><a NAME="_Toc496452908">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586090"><u>Mergers,
    Consolidations or Sales</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neither any Borrower
nor any of its Subsidiaries shall enter into any transaction of merger,
reorganization, or consolidation, or transfer, sell, assign, lease, or otherwise
dispose of all or any part of its property, or wind up, liquidate or dissolve,
or agree to do any of the foregoing, except (a)&nbsp;for sales of Inventory to
non-Affiliates in the ordinary course of its business, and for sales of
Inventory in the ordinary course of business to Miller Borrowers that are
distributors, (b) for sales of Inventory by the Miller Borrowers in the ordinary
course of business to the Foreign Subsidiaries and the RoadOne Borrowers,
provided that (i) the purchase price for such Inventory shall at least equal the
Miller Borrowers&#146; cost with respect thereto and shall be due and payable
within thirty (30) days after the date of such sale, and (ii) all such Inventory
purchased by the Designated Subsidiaries shall be subject to the perfected first
priority Lien of the Miller Borrowers in accordance with the terms of the
Intercompany Security Documents, (c) for transfers of other assets in the
ordinary course of business among the Miller Borrowers, provided that at all
times the Agent&#146;s Liens in such assets remain perfected, (d) for transfers of
other assets in the ordinary course of business among the RoadOne Borrowers,
provided that at all times the Agent&#146;s Liens in such assets remain perfected,
(e) for mergers of any Miller Borrower with and into another Miller Borrower,
and mergers of any RoadOne Borrower with and into another RoadOne Borrower, (f)
for sales or other dispositions of Fixed Assets in the ordinary course of
business that are obsolete or no longer useable by the Borrowers or their
Subsidiaries in their business with an orderly liquidation value not to exceed
$100,000 in the aggregate in any Fiscal Year; provided, that (i) within one
hundred twenty (120) days following each such Fixed Assets sale or disposition,
the Borrowers shall either (A) reinvest the proceeds of that sale or disposition
in other Fixed Assets or (B) apply such proceeds to the Loans in accordance with
<u>Sections 3.4(b)</u> and <u>(d)</u>, and (ii) Fixed Assets purchased with such
proceeds shall be free and clear of all Liens, except the Agent&#146;s Liens, (g)
that RoadOne Borrowers (but not any Miller Borrower, except in the case of the
sale of the capital stock of any RoadOne Borrower) may effect one or more Asset
Dispositions, so long as (i) no Default or Event of Default exists or will
result therefrom, (ii) all proceeds of such Asset Disposition are payable in
cash at the time of the consummation of such Asset Disposition, (iii) all Net
Proceeds therefrom are applied in accordance with <u>Section 3.4(b)</u>, (iv)
the Borrowers shall, after giving effect to such Asset Disposition, be in pro
forma compliance with the minimum EBITDA covenant set forth in <u>Section 7.24</u>
(for purposes of this <u>clause (iv)</u>, such EBITDA test shall be measured as
of the most recently ended fiscal month for the twelve fiscal month period then
ended and shall be calculated as if such Asset Disposition had been consummated
on the first day of such twelve fiscal month period), (v) the Net Proceeds from
any such Asset Disposition are not less than the Net Senior Creditor Proceeds
plus the amount of the Required Payments; provided, that, with respect to any
single Asset Disposition involving more than one category of Collateral
described in the definition of &quot;Net Senior Creditor Proceeds&quot;, this <u>clause
(v)</u> shall be satisfied if the total Net Proceeds from such Asset Disposition
equals or exceeds the sum of the amounts otherwise required under the definition
of &quot;Net Senior Creditor Proceeds&quot; plus the amount of the Required
Payments, and (vi) a Responsible Officer shall have delivered a certificate to
the Collateral Agent containing the information and calculations necessary (in
such detail as the Collateral Agent may reasonably request) to establish that
such Asset Disposition is permitted hereunder, and (h) for sales or other
dispositions of Fleet Vehicles in the ordinary course of business that are
obsolete or no longer used or useful by the RoadOne Borrowers in their</font></p>


<p ALIGN="center" style="text-indent: 0">-43-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0">business,
provided that the Collateral Agent may, in its discretion, make adjustments to
the RoadOne Borrowing Base to reflect any such sale or disposition.</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200283">7.10
    </a><a NAME="_Toc496452909">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586091"><u>Distributions;
    Capital Change; Restricted Investments</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neither any Borrower
nor any of its Subsidiaries shall (a) directly or indirectly declare or make, or
incur any liability to make, any Distribution, except (i) Distributions by any
Subsidiary to its parent corporation, and (ii) so long as no Event of Default
exists, Distributions in an aggregate amount not to exceed $100,000 by Parent to
its shareholders constituting repurchases of fractional shares of stock by
Parent in connection with the consummation of any reverse stock split, (b) make
any change in its capital structure which could reasonably be expected to have a
Material Adverse Effect, or (c) make any Restricted Investment.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200284">7.11
    </a><a NAME="_Toc496452910">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586092"><u>Transactions
    Affecting Collateral or Obligations</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neither any Borrower
nor any of its Subsidiaries shall enter into any transaction which could be
reasonably expected to have a Material Adverse Effect.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200285">7.12
    </a><a NAME="_Toc496452911">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586093"><u>Guaranties</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neither any Borrower
nor any of its Subsidiaries shall make, issue, or become liable on any Guaranty,
except (a) Guaranties of the Obligations, (b) Guaranties of Debt under the
Junior Credit Agreement as long as such Debt is permitted under <u>Section
7.13(d)</u> and such Guaranties are subject to the terms of the Subordination
Agreement, and (c) for the endorsement of negotiable instruments for deposit or
collection or similar transactions in the ordinary course of business.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200286">7.13
    </a><a NAME="_Toc496452912">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586094"><u>Debt</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neither any Borrower
nor any of its Subsidiaries shall incur or maintain any Debt, other than the
following (&quot;<u>Permitted Debt</u>&quot;): (a)&nbsp;the Obligations;
(b)&nbsp;Debt described on <u>Schedule 6.9</u>; (c)&nbsp;Capital Leases of
Equipment and purchase money secured Debt incurred to purchase Equipment <u>provided</u>
that (i)&nbsp;Liens securing the same attach only to the Equipment acquired by
the incurrence of such Debt, and (ii)&nbsp;the aggregate amount of such Debt
(including Capital Leases) outstanding does not exceed $5,000,000 at any time;
(d) Subordinated Debt under the Junior Credit Agreement as long as the
outstanding principal amount thereof does not exceed $14,000,000; (e)&nbsp;Debt
evidencing a refunding, renewal or extension of the Debt described on <u>Schedule&nbsp;6.9</u>;
<u>provided</u> that (i)&nbsp;the principal amount thereof is not increased,
(ii)&nbsp;the Liens, if any, securing such refunded, renewed or extended Debt do
not attach to any assets in addition to those assets, if any, securing the Debt
to be refunded, renewed or extended, (iii) no Person that is not an obligor or
guarantor of such Debt as of the Closing Date shall become an obligor or
guarantor thereof, and (iv)&nbsp;the terms of such refunding, renewal or
extension are no less favorable to any Borrower, the Agents or the Lenders than
the original Debt; (f) the endorsement of negotiable instruments for deposit or
collection or similar transactions in the ordinary course of business; (g)
obligations of Parent incurred in the ordinary course of business consistent
with past practices directly or indirectly guaranteeing any trade payables of
Subsidiaries in an aggregate amount not to exceed $1,000,000 outstanding at any
time; (h) to the extent approved by the Required Lenders in writing in their
sole discretion, guarantee obligations of Parent incurred in the ordinary course
of business directly or indirectly guaranteeing Debt of any purchaser of the
assets or stock of a RoadOne Borrower in accordance with <u>Section 7.9(g)</u>;
(i) contingent inventory repurchase obligations incurred pursuant to a
Repurchase Agreement with</font></p>


<p ALIGN="center" style="text-indent: 0">-44-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0">respect to floorplan financing for Independent
Distributors, provided that the amount of such contingent obligations shall not
exceed $30,000,000 in the aggregate at any time and any such Repurchase
Agreement entered into after the date hereof has been approved by the Collateral
Agent in accordance with <u>Section 7.19</u>; (j) contingent partial recourse
obligations of Parent incurred pursuant to the Repurchase Agreement with
NationsCredit Commercial Corporation with respect to floorplan financing for
Independent Distributors, provided that the amount of such contingent
obligations shall not exceed $1,000,000 in the aggregate at any time; (k)
intercompany Debt permitted under <u>clauses (e)</u>, <u>(f)</u>, <u>(g)</u>,
and <u>(h)</u> of the definition of &quot;Restricted Investment&quot;; and (l)
Permitted Refinancing Debt.</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200287">7.14
    </a><a NAME="_Toc496452913">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586095"><u>Prepayment</u></a><u>;
    Amendments</u>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither any
Borrower nor any of its Subsidiaries shall voluntarily prepay any Debt, except (i)
that the Borrowers may prepay the Obligations in accordance with the terms of
this Agreement, and (ii) for prepayments of intercompany Debt described in <u>clauses
(e)</u>, <u>(f)</u>, <u>(g)</u> and <u>(h)</u> of the definition of
&quot;Restricted Investment&quot;.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Borrower shall (i)
make any payment of any amount owing under or with respect to the Junior Credit
Agreement (including any payment of principal or interest), except in accordance
with the terms of the Subordination Agreement pursuant to a Permitted Payment or
a Permitted Refinancing, or (ii) enter into any amendment or modification of the
Junior Credit Agreement except as permitted under Section 7.2 of the
Subordination Agreement.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200288">7.15
    </a><a NAME="_Toc496452914">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586096"><u>Transactions
    with Affiliates</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as set forth
below, neither any Borrower nor any Subsidiary shall sell, transfer, distribute,
or pay any money or property, including, but not limited to, any fees or
expenses of any nature (including, but not limited to, any fees or expenses for
management services), to any Affiliate, or lend or advance money or property to
any Affiliate, or invest in (by capital contribution or otherwise) or purchase
or repurchase any stock or indebtedness, or any property, of any Affiliate, or
become liable on any Guaranty of the indebtedness, dividends, or other
obligations of any Affiliate. Notwithstanding the foregoing, the following shall
be permitted: (a) transactions with Affiliates expressly permitted hereunder
with respect to Affiliates, (b) transactions set forth on <u>Schedule 7.15</u>,
(c) compensation and indemnity arrangements with officers, directors and
employees in the ordinary course of business, and (d) the Borrowers and their
Subsidiaries may engage in transactions with Affiliates in the ordinary <a NAME="_Toc430586097">course
of business on terms no less favorable to the Borrowers and their Subsidiaries
than would be obtained in a comparable arm&#146;s-length transaction with a third
party who is not an Affiliate.</a> The terms of all such transactions shall be
made available to the Collateral Agent upon request.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200289">7.16
    </a><a NAME="_Toc496452915">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586098"><u>Investment
    Banking and Finder&#146;s Fees</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neither any Borrower
nor any of its Subsidiaries shall pay or agree to pay, or reimburse any other
party with respect to, any investment banking or similar or related fee,
underwriter&#146;s fee, finder&#146;s fee, or broker&#146;s fee to any Person in
connection with this Agreement. Each Borrower shall defend and indemnify the
Agents and the Lenders against and hold them harmless from all claims of any
Person that any Borrower is obligated to pay for any such fees, and all costs
and expenses (including attorneys&#146; fees) incurred by the Agents and/or any
Lender in connection therewith.</font></p>


<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman" size="2">-45-</font></p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200290">7.17
    </a><a NAME="_Toc496452916">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586100"><u>Business
    Conducted</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Borrowers shall
not and shall not permit any of their Subsidiaries to, engage directly or
indirectly, in any line of business other than the businesses in which the
Borrowers are engaged on the Closing Date.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200291">7.18
    </a><a NAME="_Toc496452917">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586101"><u>Liens</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neither any Borrower
nor any of its Subsidiaries shall create, incur, assume, or permit to exist any
Lien on any property now owned or hereafter acquired by any of them, except
Permitted Liens.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200292">7.19
    </a><a NAME="_Toc496452918">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586102"><u>Sale
    and Leaseback Transactions</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neither any Borrower
nor any of its Subsidiaries shall, directly or indirectly, enter into any
arrangement with any Person providing for such Borrower or Subsidiary to lease
or rent property that such Borrower or Subsidiary has sold or will sell or
otherwise transfer to such Person.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200293">7.20
    </a><a NAME="_Toc496452919">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586103"><u>New
    Subsidiaries</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No Borrower shall,
directly or indirectly, organize, create, acquire or permit to exist any
Subsidiary other than those listed on <u>Schedule 6.5</u>.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200294">7.21
    </a><a NAME="_Toc496452920">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586104"><u>Fiscal
    Year</u></a></font>. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall
not change their Fiscal Year from a fiscal year ending on April 30; provided,
that, the Borrowers may elect to change their Fiscal Year to a fiscal year
ending on December 31 or January 31 as long as the Borrowers provide the
Collateral Agent at least thirty (30) days&#146; prior written notice thereof and,
prior to the effectiveness of any such change, the Borrowers and the Required
Lenders will agree in good faith to amend the financial covenants described in <u>Sections
7.22</u> and <u>7.24</u> so as to equitably reflect any such change in the
fiscal year end.</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200295">7.22
    </a><a NAME="_Toc496452921">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586105"><u>Capital
    Expenditures</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neither any Borrower
nor any of its Subsidiaries shall make or incur any Capital Expenditure if,
after giving effect thereto, the aggregate amount of all Capital Expenditures by
the Borrowers and their Subsidiaries on a consolidated basis would exceed (a)
$5,600,000 for the Fiscal Year ending on April 30, 2002, (b) $6,250,000 for the
Fiscal Year ending on April 30, 2003, and (c) $6,750,000 for any Fiscal Year
thereafter.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200296">7.23
    </a><a NAME="_Toc496452922">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586106"><u>Fixed
    Charge Coverage Ratio</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Consolidated
Parties will maintain a Fixed Charge Coverage Ratio for each period of four
consecutive fiscal quarters ended on the last day of each fiscal quarter of not
less than (a) 1.0 to&nbsp;1, in the case of the four fiscal quarter period
ending on July 31, 2001, and (b) 1.1 to&nbsp;1, in the case of each four fiscal
quarter period ending thereafter.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><a NAME="_Toc520200297"><font face="Times New Roman" size="2">7.24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <u>EBITDA</u></font></a><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On a consolidated
basis, the Consolidated Parties shall have EBITDA for each four fiscal quarter
period ending during the periods set forth below of not less than the Applicable
EBITDA Requirement:</font></p>


<p ALIGN="CENTER">&nbsp;<center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="5" WIDTH="504">
  <tr>
    <td WIDTH="33%" VALIGN="TOP"><b><u>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Fiscal Quarters
      Ending</font></u></b></td>
    <td WIDTH="35%" VALIGN="TOP"><b><u>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Initial EBITDA<br>
      Requirement</font></u></b></p>
    </td>
    <td WIDTH="32%" VALIGN="TOP"><b><u>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Subsequent EBITDA<br>
      Requirement</font></u></b></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="35%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="32%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">From the Closing
      Date through April 29, 2002</font></p>
      <p ALIGN="JUSTIFY">&nbsp;</td>
    <td WIDTH="35%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$18,500,000</font></td>
    <td WIDTH="32%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$14,850,000</font></td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">From April 30,
      2002 through April 29, 2003</font></p>
      <p ALIGN="JUSTIFY">&nbsp;</td>
    <td WIDTH="35%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$21,000,000</font></td>
    <td WIDTH="32%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$14,850,000</font></td>
  </tr>
  </table>
</center>
  <P align="left">&nbsp;</P>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-46-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

  <P align="left">&nbsp;</P>
<center>
  <table BORDER="0" CELLSPACING="0" CELLPADDING="5" WIDTH="504">
  <tr>
    <td WIDTH="33%" VALIGN="TOP"><b><u>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Fiscal Quarters
      Ending</font></u></b></td>
    <td WIDTH="35%" VALIGN="TOP"><b><u>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Initial EBITDA<br>
      Requirement</font></u></b></p>
    </td>
    <td WIDTH="32%" VALIGN="TOP"><b><u>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">Subsequent EBITDA<br>
      Requirement</font></u></b></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="35%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="32%" VALIGN="TOP">&nbsp;</td>
  </tr>

  <tr>
    <td WIDTH="33%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">From April 30,
      2003 through April 29, 2004</font></p>
      <p ALIGN="JUSTIFY">&nbsp;</td>
    <td WIDTH="35%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$26,600,000</font></td>
    <td WIDTH="32%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$17,100,000</font></td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">From April 30,
      2004 through April 29, 2005</font></p>
      <p ALIGN="JUSTIFY">&nbsp;</td>
    <td WIDTH="35%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$28,000,000</font></td>
    <td WIDTH="32%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$17,650,000</font></td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Each fiscal
      quarter end thereafter</font></p>
      <p ALIGN="JUSTIFY">&nbsp;</td>
    <td WIDTH="35%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$30,000,000</font></td>
    <td WIDTH="32%" VALIGN="TOP">
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">$18,250,000</font></td>
  </tr>
</table>
</center>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">As used in this <u>Section
7.24</u>, &quot;Applicable EBITDA Requirement&quot; means (a) until the
Transition Date, the Initial EBITDA Requirement set forth above, and (b)
thereafter, the Subsequent EBITDA Requirement set forth above.</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">In addition, the
Consolidated Parties shall have EBITDA (i) for the four consecutive fiscal
quarter period ending on April 30, 2001 of at least $18,500,000, and (ii) for
the fiscal quarter ending on April 30, 2001 of at least $5,000,000.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200298">7.25
    </a><a NAME="_Toc487864633">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452924"><u>Minimum Excess
    Availability</u>.</a></font><u></p>


</u>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">The Borrowers shall
maintain (a) Excess Availability of not less than $5,000,000 at all times, (b)
Miller Excess Availability of not less than $4,000,000 at all times, and (c)
RoadOne Excess Availability of not less than $1,000,000 at all times.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200299">7.26
    </a><a NAME="_Toc496452926">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586112"><u>Use
    of Proceeds</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Borrowers shall
not, and shall not suffer or permit any Subsidiary to, use any portion of the
Loan proceeds, directly or indirectly, (a) to purchase or carry Margin Stock,
(b) to repay or otherwise refinance indebtedness of the Borrowers or others
incurred to purchase or carry Margin Stock, (c) to extend credit for the purpose
of purchasing or carrying any Margin Stock, or (d) to acquire any security in
any transaction that is subject to Section 13 or 14 of the Exchange Act.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><a NAME="_Toc520200300"><font face="Times New Roman" size="2">7.27&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Hedge Agreements</u></font></a><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Within ninety (90)
days after the Closing Date and continuing thereafter until the Obligations are
paid in full and all Commitments are terminated, the Borrowers will put into
place and maintain one or more Hedge Agreements, on terms acceptable to the
Agents, with Bank of America or another financial institution reasonably
acceptable to the Agents, the effect of which will be to place a limit upon the
interest rate payable by the Borrowers with respect to at least $30,000,000 of
Loans and loans constituting Subordinated Debt.</font></p>


<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-47-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


    <p ALIGN="JUSTIFY">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><a NAME="_Toc520200301"><font face="Times New Roman" size="2">7.28&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Banking Relationships</u></font></a><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In order to
facilitate the administration of the Loans and this Agreement, the Borrowers
shall maintain Bank of America as the Borrowers&#146; principal depository bank,
including for the maintenance of operating, administrative, cash management,
collection activity and other deposit accounts for the conduct of the Borrowers&#146;
business; provided, that, if Bank of America in its sole discretion elects not
to provide such accounts and services for the Borrowers, the Borrowers shall
arrange for and maintain such accounts and services with another bank acceptable
to the Agents in their discretion.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><a NAME="_Toc520200302"><font face="Times New Roman" size="2">7.29&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Repurchase and Chassis Floorplan Agreements</u></font></a><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Borrowers shall
not (a) enter into any Repurchase Agreement or Chassis Floorplan Agreement after
the date hereof, or (b) amend, modify or supplement any Repurchase Agreement or
Chassis Floorplan Agreement that is in effect as of the date hereof, unless, in
either case, (i) the Borrowers have delivered copies of any such Repurchase
Agreement or Chassis Floorplan Agreement, or amendment, modification or
supplement thereof, together with all other agreements, documents and
instruments relating thereto, to the Collateral Agent at least five (5) Business
Days prior to the proposed effective date of such Repurchase Agreement or
Chassis Floorplan Agreement, or amendment, modification or supplement thereof,
and (ii) the Collateral Agent shall have provided its written consent to the
Borrowers&#146; Agent with respect thereto (such consent not to be unreasonably
withheld or delayed).</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><a NAME="_Toc520200303"><font face="Times New Roman" size="2">7.30&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Billing and Collections</u></font></a><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Borrowers shall
at all times maintain the Contract for Services dated as of December 10, 1999 by
and among Road One, Inc. and the Profiles Company in full force and effect, or
will make other arrangements with respect to the collection of the Accounts of
the RoadOne Borrowers as may be reasonably acceptable to the Collateral Agent.
In addition, so long as the Contract for Services is in effect, the Borrowers
shall cause the Profiles Company Agreement to remain in full force and effect at
all times.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200304">7.31
    </a><a NAME="_Toc496452927">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586113"><u>Further
    Assurances</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Borrowers shall
execute and deliver, or cause to be executed and delivered, to the Collateral
Agent and/or the Lenders such documents and agreements, and shall take or cause
to be taken such actions, as the Collateral Agent or any Lender may, from time
to time, reasonably request to carry out the terms and conditions of this
Agreement and the other Loan Documents.</font></p>


<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200305">ARTICLE
8</a><a NAME="_Toc487864637"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452928">CONDITIONS
OF LENDING</a></font></p>
</u>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200306">8.1
    </a><a NAME="_Toc496452929">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586114"><u>Conditions
    Precedent to Making of Loans on the Closing Date</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The obligation of the
Lenders to make the initial Revolving Loans and the Term Loans on the Closing
Date, and the obligation of the Collateral Agent to cause the Letter of Credit
Issuer to issue, and the Letter of Credit Issuer to issue, any Letter of Credit
on the Closing Date, are subject to the following conditions precedent having
been satisfied or waived in writing in a manner satisfactory to the Agents and
each Lender:</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement and
the other Loan Documents shall have been executed by each party thereto and the
Borrowers shall have performed and complied with all</font></p>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-48-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">covenants, agreements and
conditions contained herein and the other Loan Documents which are required to
be performed or complied with by the Borrowers before or on such Closing Date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon making the
Loans on the Closing Date (including such Loans made to finance all fees due on
the Closing Date or otherwise as reimbursement for fees, costs and expenses then
payable under this Agreement) and with all its obligations current (and after
deducting from the applicable Borrowing Bases all other fees and expenses
incurred by the Borrowers in connection with the closing of this Agreement that
are not paid at closing), the Borrowers shall have Excess Availability of at
least $12,000,000, Miller Excess Availability of at least $6,000,000, and
RoadOne Excess Availability of at least $6,000,000.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All representations
and warranties made hereunder and in the other Loan Documents shall be true and
correct as if made on such date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Default or Event
of Default shall have occurred and be continuing after giving effect to the
Loans to be made and the Letters of Credit to be issued on the Closing Date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agents and the
Lenders shall have received such opinions of counsel for the Borrowers and their
Subsidiaries as the Agents or any Lender shall request, each such opinion to be
in a form, scope, and substance reasonably satisfactory to the Agents, the
Lenders, and their respective counsel.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral
Agent shall have received title policies, in form and substance acceptable to
the Collateral Agent, with respect to the Mortgages, or, in the Collateral Agent&#146;s
discretion, commitments for the issuance of such title policies containing only
such exceptions as may be acceptable to the Collateral Agent and the Lenders,
and such other items with respect to the Mortgages as the Collateral Agent deems
appropriate, including such surveys as the Collateral Agent may require,
provided that no title policies, title commitments or surveys will be required
with respect to any owned Real Estate with an appraised fair market value of
less than $150,000.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The applicable
Borrowers shall have entered into the Junior Credit Agreement, in form and
substance acceptable to the Agents and the Lenders, with the other parties
thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral
Agent shall have received:</font></p>




<blockquote>
  <blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;acknowledgment copies of proper financing statements, duly filed on or
        before the Closing Date under the UCC of all jurisdictions that the
        Collateral Agent may deem necessary or desirable in order to perfect the
        Agent&#146;s Liens (or, in the Collateral Agent&#146;s sole discretion, proper
        financing statements in appropriate form for filing under the UCC of all
        jurisdictions that the Collateral Agent may deem necessary or desirable
        in order to perfect the Agent&#146;s Liens);</font></p>
  </blockquote>
</blockquote>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-49-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

        <p ALIGN="JUSTIFY">&nbsp;</p>
<font face="Times New Roman" size="2">
<blockquote>
  <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 40">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; duly
        executed UCC-3 Termination Statements and such other instruments, in
        form and substance satisfactory to the Collateral Agent, as shall be
        necessary to terminate and satisfy all Liens on the Property of the
        Borrowers and their Subsidiaries except Permitted Liens;</p>

</font>

        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the duly
        executed and delivered Custodial Administration Agreement, together with
        confirmation satisfactory to the Collateral Agent, in accordance with
        the terms thereof, that the Custodial Administrator holds in its
        possession all of the Existing Certificates of Title and that each such
        Existing Certificate of Title notes the Lien of the Existing Titled
        Collateral Agent as the only Lien thereon;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;landlord&#146;s
        waiver and consent agreements, in form and substance satisfactory to the
        Collateral Agent, duly executed on behalf of each landlord of real
        property on which any books and records or computer hardware or software
        relating to Accounts is located;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such
        Blocked Account Agreements as shall be required by the Collateral Agent
        duly executed by the Borrowers and Clearing Bank with respect to each of
        the bank accounts identified on <u>Schedule 6.27</u> as being subject to
        a Blocked Account Agreement; and</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
        Subordination Agreement, duly executed by the parties thereto, in form
        and substance satisfactory to the Agents and the Lenders.</font></p>




</blockquote>
</blockquote>




<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall
have paid all fees and expenses of the Agents and the Attorney Costs incurred in
connection with any of the Loan Documents and the transactions contemplated
thereby to the extent invoiced.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agents shall
have received evidence, in form, scope, and substance, reasonably satisfactory
to the Agents, of all insurance coverage as required by this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All proceedings
taken in connection with the execution of this Agreement, all other Loan
Documents and all documents and papers relating thereto shall be satisfactory in
form, scope, and substance to the Agents and the Lenders.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral
Agent shall have received the duly executed and delivered Profiles Company
Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agents&#146;
receipt of (i) draft financial statements for the fiscal year ended April 30,
2001, as prepared by the Borrowers&#146; certified public accountants, in form and
substance satisfactory to the Agents, which financial statements shall evidence
EBITDA of at least $18,500,000 for the fiscal year ended April 30, 2001, and
(ii) internally prepared financial statements for the fiscal quarter ended April
30, 2001, in form and substance satisfactory to the</font></p>


<p ALIGN="center" style="text-indent: 0">-50-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">Agents, which financial
statements shall evidence EBITDA of at least $5,000,000 for the fiscal quarter
ended April 30, 2001.</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral
Agent shall have received (i) a duly executed original of the Intercompany
Security Documents Assignment, and (ii) a certified copy of all Intercompany
Security Documents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without limiting
the generality of the items described above, the Borrowers and each Person
guarantying or securing payment of the Obligations shall have delivered or
caused to be delivered to the Agents (in form and substance reasonably
satisfactory to the Agents), the financial statements, instruments, resolutions,
documents, agreements, certificates, opinions and other items set forth on the
&quot;<u>Closing Checklist</u>&quot; delivered by the Administrative Agent (or
its counsel) to the Borrowers&#146; Agent (or its counsel) prior to the Closing
Date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">The acceptance by the
Borrowers of any Loans made or Letters of Credit issued on the Closing Date
shall be deemed to be a representation and warranty made by the Borrowers to the
effect that all of the conditions precedent to the making of such Loans or the
issuance of such Letters of Credit have been satisfied (unless waived in writing
by the Lenders), with the same effect as delivery to the Agents and the Lenders
of a certificate signed by a Responsible Officer of Parent, dated the Closing
Date, to such effect.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">Execution and delivery
to the Administrative Agent by a Lender of a counterpart of this Agreement shall
be deemed confirmation by such Lender that (i) all conditions precedent in this <u>Section
8.1</u> have been fulfilled to the satisfaction of such Lender, (ii) the
decision of such Lender to execute and deliver to the Administrative Agent an
executed counterpart of this Agreement was made by such Lender independently and
without reliance on the Agents or any other Lender as to the satisfaction of any
condition precedent set forth in this <u>Section&nbsp;8.1</u>, and (iii) all
documents sent to such Lender for approval consent, or satisfaction were
acceptable to such Lender.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200307">8.2
    </a><a NAME="_Toc496452930">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586115"><u>Conditions&nbsp;Precedent&nbsp;to&nbsp;Each&nbsp;Loan</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The obligation of the
Lenders to make each Loan, including the initial Revolving Loans on the Closing
Date and the Term Loans, and the obligation of the Collateral Agent to cause the
Letter of Credit Issuer to issue, and the obligation of the Letter of Credit
Issuer to issue, any Letter of Credit shall be subject to the further conditions
precedent that on and as of the date of any such extension of credit:</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following
statements shall be true, and the acceptance by any Borrower of any extension of
credit shall be deemed to be a statement to the effect set forth in <u>clauses (i)</u>,
<u>(ii)</u> and <u>(iii)</u> with the same effect as the delivery to the
Collateral Agent and the Lenders of a certificate signed by a Responsible
Officer, dated the date of such extension of credit, stating that:</font></p>




<blockquote>
  <blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(i) The
        representations and warranties contained in this Agreement and the other
        Loan Documents are correct in all material respects on and as of the
        date of such extension of credit as though made on and as of such</font></p>
  </blockquote>
</blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-51-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>




        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">date,
        other than any such representation or warranty which relates to a
        specified prior date and except to the extent the Collateral Agent and
        the Lenders have been notified in writing by the Borrowers that any
        representation or warranty is not correct and the Required Lenders have
        explicitly waived in writing compliance with such representation or
        warranty; and</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No event
        has occurred and is continuing, or would result from such extension of
        credit, which constitutes a Default or an Event of Default; and</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No event
        has occurred and is continuing, or would result from such extension of
        credit, which has had or would have a Material Adverse Effect.</font></p>




  </blockquote>
</blockquote>




<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No such Borrowing
or Letter of Credit shall cause the Borrowers to exceed Availability, the Miller
Borrowers to exceed the Miller Availability, or the RoadOne Borrowers to exceed
the RoadOne Availability, <u>provided</u>, <u>however</u>, that the foregoing
conditions precedent are not conditions to each Lender participating in or
reimbursing CIT or the Collateral Agent for such Lenders&#146; Pro Rata Share of
any Non-Ratable Loan or Agent Advance made in accordance with the provisions of <u>Sections&nbsp;1.2(h)</u>
and <u>(i)</u>.</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200308">ARTICLE
9</a><a NAME="_Toc487864640"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452931">DEFAULT;
REMEDIES</a></font></p>
</u>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200309">9.1
    </a><a NAME="_Toc496452932">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586116"><u>Events
    of Default</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; It shall constitute
an event of default (&quot;<u>Event&nbsp;of&nbsp;Default</u>&quot;) if any one
or more of the following shall occur for any reason:</font></p>


<blockquote>
  <blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any failure
        by the Borrowers to pay the principal of or interest or premium on any
        of the Obligations or any fee or other amount owing hereunder when due,
        whether upon demand or otherwise;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
        representation or warranty made or deemed made by any Borrower in this
        Agreement or by any Borrower or any of its Subsidiaries in any of the
        other Loan Documents, any Financial Statement, or any certificate
        furnished by any Borrower or any of its Subsidiaries at any time to
        either Agent or any Lender shall prove to be untrue in any material
        respect as of the date on which made, deemed made, or furnished;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
        default shall occur in the observance or performance of any of the
        covenants and agreements contained in <u>Sections&nbsp;5.2(l)</u>, <u>7.2</u>,
        <u>7.4(b)</u>, <u>(c)</u> or <u>(d)</u>, <u>7.5</u>, <u>7.9</u> through <u>7.29</u>,
        or Section&nbsp;9 or&nbsp;11 of the Security Agreement; (ii) any default
        shall occur in the observance or performance of any of the covenants and
        agreements contained in <u>Section 5.2</u> (other than <u>Sections
        5.2(l)</u>), <u>5.3</u> or <u>7.4(a)</u><b> </b>and such default shall
        continue for five (5) Business Days or more; (iii) any default shall
        occur in the observance or performance of any of the covenants or
        agreements contained in <u>Section 7.30</u> and such default shall
        continue for sixty (60)</font></p>
  </blockquote>
  <font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-52-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

        <p ALIGN="JUSTIFY">&nbsp;</p>
  <blockquote>
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">days or more after the earlier of knowledge
        thereof by a Responsible Officer of any Borrower or notice from any
        Agent or any Lender; or (iv)&nbsp;any default shall occur in the
        observance or performance of any of the other covenants or agreements
        contained in any other Section of this Agreement, any other Loan
        Document or any other agreement entered into at any time to which any
        Borrower or any Subsidiary and any Agent or any Lender are party
        (including in respect of any Bank Products), and such default shall
        continue for thirty&nbsp;(30) days or more after the earlier of
        knowledge thereof by a Responsible Officer of any Borrower or notice
        from any Agent or any Lender;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any default
        shall occur with respect to (i) the Debt under the Junior Credit
        Agreement (other than any defaults which result from operation of the
        payment blockage provisions in the Subordination Agreement), (ii) any
        other Debt (other than the Obligations) of any Borrower or any of its
        Subsidiaries in an outstanding principal amount which exceeds $250,000
        individually or $500,000 in the aggregate, or (iii) any agreement or
        instrument under or pursuant to which any such Debt may have been
        issued, created, assumed, or guaranteed by any Borrower or any of its
        Subsidiaries, and such default shall continue for more than the period
        of grace, if any, therein specified, if the effect thereof (with or
        without the giving of notice or further lapse of time or both) is to
        accelerate, or to permit the holders of any such Debt to accelerate, the
        maturity of any such Debt; or any such Debt shall be declared due and
        payable or be required to be prepaid (other than by a regularly
        scheduled required prepayment) prior to the stated maturity thereof;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
        Borrower or any of its Subsidiaries shall (i) file a voluntary petition
        in bankruptcy or file a voluntary petition or an answer or otherwise
        commence any action or proceeding seeking reorganization, arrangement or
        readjustment of its debts or for any other relief under the federal
        Bankruptcy Code, as amended, or under any other bankruptcy or insolvency
        act or law, state or federal, now or hereafter existing, or consent to,
        approve of, or acquiesce in, any such petition, action or proceeding;
        (ii)&nbsp;apply for or acquiesce in the appointment of a receiver,
        assignee, liquidator, sequestrator, custodian, monitor, trustee or
        similar officer for it or for all or any part of its property; (iii)
        make an assignment for the benefit of creditors; or (iv)&nbsp;be unable
        generally to pay its debts as they become due;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
        involuntary petition shall be filed or an action or proceeding otherwise
        commenced seeking reorganization, arrangement, consolidation or
        readjustment of the debts of any Borrower or any of its Subsidiaries or
        for any other relief under the federal Bankruptcy Code, as amended, or
        under any other bankruptcy or insolvency act or law, state or federal,
        now or hereafter existing and such petition or proceeding shall not be
        dismissed within sixty (60) days after the filing or commencement
        thereof or an order of relief shall be entered with respect thereto;</font></p>
  </blockquote>
</blockquote>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-53-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

        <p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a receiver,
        assignee, liquidator, sequestrator, custodian, monitor, trustee or
        similar officer for any Borrower or any of its Subsidiaries or for all
        or any material part of its property shall be appointed or a warrant of
        attachment, execution or similar process shall be issued against any
        material part of the property of any Borrower or any of its
        Subsidiaries;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except as
        permitted in accordance with <u>Section 7.9(e)</u>, <u>(f)</u> or <u>(g)</u>,
        any Borrower or any of its Subsidiaries shall file a certificate of
        dissolution under applicable state law or shall be liquidated, dissolved
        or wound-up or shall commence or have commenced against it any action or
        proceeding for dissolution, winding-up or liquidation, or shall take any
        corporate action in furtherance thereof;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all or any
        material part of the property of the Borrowers and their Subsidiaries,
        taken as a whole, shall be nationalized, expropriated or condemned,
        seized or otherwise appropriated, or custody or control of such property
        or of any Borrower or such Subsidiary shall be assumed by any
        Governmental Authority or any court of competent jurisdiction at the
        instance of any Governmental Authority, except where contested in good
        faith by proper proceedings diligently pursued where a stay of
        enforcement is in effect;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any Loan
        Document shall be terminated, revoked or declared void or invalid or
        unenforceable or challenged by any Borrower or any other Subsidiary;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;one or more
        judgments, orders, decrees or arbitration awards is entered against one
        or more of the Borrowers or their Subsidiaries involving in the
        aggregate liability (to the extent not covered by independent
        third-party insurance as to which the insurer does not dispute coverage)
        as to any single or related or unrelated series of transactions,
        incidents or conditions, of $250,000 or more, and the same shall remain
        unsatisfied, unvacated and unstayed pending appeal for a period of
        thirty&nbsp;(30) days after the entry thereof;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any loss,
        theft, damage or destruction of any item or items of Collateral or other
        property of any Borrower or any Subsidiary occurs which could reasonably
        be expected to cause a Material Adverse Effect and is not adequately
        covered by insurance;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;there is
        filed against any Borrower or any of its Subsidiaries any action, suit
        or proceeding under any federal or state racketeering statute (including
        the Racketeer Influenced and Corrupt Organization Act of 1970), which
        action, suit or proceeding (i) is not dismissed within one hundred
        twenty (120) days, and (ii) could reasonably be expected to result in
        the confiscation or forfeiture of any material portion of the
        Collateral;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for any
        reason other than the failure of the Collateral Agent to take any action
        available to it to maintain perfection of the Agent&#146;s Liens pursuant
        to the Loan Documents, any Loan Document ceases to be in full force and
        effect or</font></p>
  </blockquote>
</blockquote>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-54-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

        <p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> any Agent&#146;s Lien with respect to any material portion of the
        Collateral intended to be secured thereby ceases to be, or is not,
        valid, perfected and prior to all other Liens (other than Permitted
        Liens set forth in <u>clauses (a)</u>, <u>(c)</u>, <u>(d)</u> and <u>(e)</u>
        of the definition thereof) or is terminated, revoked or declared void;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an ERISA
        Event shall occur with respect to a Pension Plan or Multi-employer Plan
        which has resulted or could reasonably be expected to result in
        liability of any Borrower under Title IV of ERISA to the Pension Plan,
        Multi-employer Plan or the PBGC in an aggregate amount in excess of
        $250,000; (ii) the aggregate amount of Unfunded Pension Liability among
        all Pension Plans at any time exceeds $250,000; or (iii) any Borrower or
        any ERISA Affiliate shall fail to pay when due, after the expiration of
        any applicable grace period, any installment payment with respect to its
        withdrawal liability under Section 4201 of ERISA under a Multi-employer
        Plan in an aggregate amount in excess of $250,000; or</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;there
        occurs a Change of Control.</font></p>


  </blockquote>
</blockquote>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200310">9.2
    </a><a NAME="_Toc496452933">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586117"><u>Remedies</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a Default or an
Event of Default exists, the Collateral Agent may, in its discretion, and shall,
at the direction of the Required Lenders, do one or more of the following at any
time or times and in any order, without notice to or
demand on any Borrower: (i)&nbsp;reduce the Maximum Revolver Amount, or the
advance rates against any Collateral used in computing the Borrowing Base, or
reduce one or more of the other elements used in computing the Borrowing Base;
(ii)&nbsp;restrict the amount of or refuse to make Revolving Loans; and (iii)
restrict or refuse to provide Letters of Credit. If an Event of Default exists,
the Collateral Agent shall, at the direction of the Required Lenders, do one or
more of the following, in addition to the actions described in the preceding
sentence, at any time or times and in any order, without notice to or demand on
any Borrower: (A) terminate the Commitments and this Agreement; (B)&nbsp;declare
any or all Obligations to be immediately due and payable; <u>provided</u>, <u>however</u>,
that upon the occurrence of any Event of Default described in <u>Sections&nbsp;9.1(e)</u>
or <u>9.1(f)</u>, the Commitments shall automatically and immediately expire and
all Obligations shall automatically become immediately due and payable without
notice or demand of any kind; (C) require the Borrowers to cash collateralize
all outstanding Letter of Credit Obligations; and (D) pursue its other rights
and remedies under the Loan Documents and applicable law.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If an Event of
Default has occurred and is continuing: (i)&nbsp;the Collateral Agent shall have
for the benefit of the Lenders, in addition to all other rights of the
Collateral Agent and the Lenders, the rights and remedies of a secured party
under the Loan Documents, the UCC and all other applicable laws; (ii)&nbsp;the
Collateral Agent may, at any time, take possession of the Collateral and keep it
on any Borrower&#146;s premises, at no cost to the Collateral Agent or any Lender,
or remove any part of it to such other place or places as the Collateral Agent
may desire, or the Borrowers shall, upon the Collateral Agent&#146;s demand, at the
Borrowers&#146; cost, assemble the Collateral and make it available to the
Collateral Agent at a place reasonably convenient to the Collateral Agent; and
(iii)&nbsp;the Collateral Agent may sell and deliver any Collateral at public or
private sales, for cash, upon credit or otherwise, at such prices and upon</font></p>


<p ALIGN="center" style="text-indent: 0">-55-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">such
terms as the Collateral Agent deems advisable, in its sole discretion, and may,
if the Collateral Agent deems it reasonable, postpone or adjourn any sale of the
Collateral by an announcement at the time and place of sale or of such postponed
or adjourned sale without giving a new notice of sale. Without in any way
requiring notice to be given in the following manner, the Borrowers agree that
any notice by the Collateral Agent of sale, disposition or other intended action
hereunder or in connection herewith, whether required by the UCC or otherwise,
shall constitute reasonable notice to the Borrowers if such notice is mailed by
registered or certified mail, return receipt requested, postage prepaid, or is
delivered personally against receipt, at least five (5) Business Days prior to
such action to the Borrowers&#146; Agent&#146;s address specified in or pursuant to <u>Section&nbsp;13.8</u>.
If any Collateral is sold on terms other than payment in full at the time of
sale, no credit shall be given against the Obligations until the Collateral
Agent or the Lenders receive payment, and if the buyer defaults in payment, the
Collateral Agent may resell the Collateral without further notice to any
Borrower. In the event the Collateral Agent seeks to take possession of all or
any portion of the Collateral by judicial process, each Borrower irrevocably
waives: (A) the posting of any bond, surety or security with respect thereto
which might otherwise be required; (B) any demand for possession prior to the
commencement of any suit or action to recover the Collateral; and (C) any
requirement that the Collateral Agent retain possession and not dispose of any
Collateral until after trial or final judgment. Each Borrower agrees that the
Collateral Agent has no obligation to preserve rights to the Collateral or
marshal any Collateral for the benefit of any Person. The proceeds of sale shall
be applied first to all expenses of sale, including attorneys&#146; fees, and then
to the Obligations. The Collateral Agent will return any excess to the Borrowers&#146;
Agent and the Borrowers shall remain liable for any deficiency.</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If an Event of
Default occurs, each Borrower hereby waives all rights to notice and hearing
prior to the exercise by the Collateral Agent of the Collateral Agent&#146;s rights
to repossess the Collateral without judicial process or to reply, attach or levy
upon the Collateral without notice or hearing.</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200311">ARTICLE
10</a><a NAME="_Toc487864643"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452934">TERM
AND TERMINATION</a></font></p>
</u>


    <p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2"><a NAME="_Toc520200312">10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586119"><u>Term
    and Termination</u></a>. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The term of this
Agreement shall end on the Stated Termination Date unless sooner terminated in
accordance with the terms hereof. The Collateral Agent upon direction from the
Required Lenders may terminate this Agreement without notice upon the occurrence
and during the continuance of an Event of Default. Upon the effective date of
termination of this Agreement for any reason whatsoever, all Obligations
(including all unpaid principal, accrued and unpaid interest and any early
termination or prepayment fees or penalties) shall become immediately due and
payable and the Borrowers shall immediately arrange for the cancellation and
return of Letters of Credit then outstanding (or, with the consent of the
Collateral Agent and the Letter of Credit Issuer, the delivery to the Letter of
Credit Issuer of Supporting Letters of Credit in accordance with <u>Section
1.4(g)</u>). Notwithstanding the termination of this Agreement, until all
Obligations are indefeasibly paid and performed in full in cash, the Borrowers
shall remain bound by the terms of this Agreement and shall not be relieved of
any of its Obligations hereunder or under any other Loan Document, and the
Agents, the Letter of Credit</font></p>


<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-56-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">Issuer and the Lenders shall retain all their
rights and remedies hereunder (including the Agent&#146;s Liens in and all rights
and remedies with respect to all then existing and after-arising Collateral).</font></p>


<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200313">ARTICLE
11</a><a NAME="_Toc487864645"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452936">AMENDMENTS;
WAIVERs; PARTICIPATIONS; ASSIGNMENTS; SUCCESSORS</a></font></p>
</u>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200314">11.1
    </a><a NAME="_Toc496452937">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586121"><u>Amendments
    and Waivers</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No amendment or
waiver of any provision of this Agreement or any other Loan Document, and no
consent with respect to any departure by the Borrowers therefrom, shall be
effective unless the same shall be in writing and signed by the Required Lenders
(or by the Collateral Agent at the written request of the Required Lenders) and
the Borrowers&#146; Agent and then any such waiver or consent shall be effective
only in the specific instance and for the specific purpose for which given; <u>provided</u>,
<u>however</u>, that no such waiver, amendment, or consent shall, unless in
writing and signed by all the Lenders affected thereby and the Borrowers&#146;
Agent and acknowledged by the Collateral Agent, do any of the following:</font></p>




<blockquote>
  <blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;increase or
        extend the Commitment of any Lender;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;postpone
        or delay any date fixed by this Agreement or any other Loan Document for
        any payment of principal, interest, fees or other amounts due to the
        Lenders (or any of them) hereunder or under any other Loan Document;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;reduce
        the principal of, or the rate of interest specified herein on any Loan,
        or any fees or other amounts payable hereunder or under any other Loan
        Document;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;change the
        percentage of the Commitments or of the aggregate unpaid principal
        amount of the Loans which is required for the Lenders or any of them to
        take any action hereunder;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;increase
        any of the percentages set forth in the definitions of the Miller
        Borrowing Base or RoadOne Borrowing Base;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amend this
        Section or any provision of this Agreement providing for consent or
        other action by all Lenders;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;release
        Collateral other than as permitted by <u>Section 12.11</u>;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;change
        the definition of &quot;Required Lenders&quot;; or</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;increase
        the Maximum Revolver Amount or Letter of Credit Subfacility;</font></p>




  </blockquote>
</blockquote>




<u>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">provided</font></u><font face="Times New Roman" size="2">,
<u>however</u>, the Collateral Agent may, in its sole discretion and
notwithstanding the limitations contained in <u>clauses (v)</u> and <u>(ix)</u>
above and any other terms of this Agreement, make Agent Advances in accordance
with <u>Section&nbsp;1.2(i)</u>; <u>provided</u> <u>further</u>, that no
amendment, waiver</font></p>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-57-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">or consent shall, unless in writing and signed by (A) the
Collateral Agent, affect the rights or duties of the Collateral Agent under this
Agreement or any other Loan Document, (B) the Administrative Agent or
Syndication Agent, affect the rights or duties of the Administrative Agent or
Syndication Agent under this Agreement or any other Loan Document, or (C) the
Letter of Credit Issuer, affect the rights or duties of the Letter of Credit
Issuer under this Agreement or any other Loan Document; and, <u>provided</u> <u>further</u>,
that <u>Schedule&nbsp;1.1</u> hereto (Commitments) may be amended from time to
time by the Collateral Agent alone to reflect assignments of Commitments in
accordance herewith.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any fees are
paid to the Lenders as consideration for amendments, waivers or consents with
respect to this Agreement, at the Agents&#146; election, such fees may be paid only
to those Lenders that agree to such amendments, waivers or consents within the
time specified for submission thereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If, in connection
with any proposed amendment, waiver or consent (a &quot;<u>Proposed Change</u>&quot;)
requiring the consent of all Lenders, the consent of Required Lenders is
obtained, but the consent of other Lenders is not obtained (any such Lender
whose consent is not obtained being referred to as a &quot;<u>Non-Consenting
Lender</u>&quot;), then, so long as the Agents are not Non-Consenting Lenders,
at the Borrowers&#146; request, the Agents or an Eligible Assignee shall have the
right (but not the obligation) with the Agents&#146; approval, to purchase from the
Non-Consenting Lenders, and the Non-Consenting Lenders agree that they shall
sell, all the Non-Consenting Lenders&#146; Commitments for an amount equal to the
principal balances thereof and all accrued interest and fees with respect
thereto through the date of sale pursuant to Assignment and Acceptance
Agreement(s), without premium or discount.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200315">11.2
    </a><a NAME="_Toc487864647">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452938"><u>Assignments;
    Participations</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any Lender may,
with the written consent of the Collateral Agent and, unless an Event of Default
exists, Parent, in each case which consent shall not be unreasonably withheld,
assign and delegate to one or more Eligible Assignees (provided that no consent
of the Collateral Agent shall be required in connection with any assignment and
delegation by a Lender to an Affiliate of such Lender) (each an &quot;<u>Assignee</u>&quot;)
all, or any ratable part of all, of the Loans, the Commitments and the other
rights and obligations of such Lender hereunder, in a minimum amount of
$5,000,000 (provided that, unless an assignor Lender has assigned and delegated
all of its Loans and Commitments, no such assignment and/or delegation shall be
permitted unless, after giving effect thereto, such assignor Lender retains a
Commitment in a minimum amount of $5,000,000); <u>provided</u>, <u>however</u>,
that the Borrowers and the Collateral Agent may continue to deal solely and
directly with such Lender in connection with the interest so assigned to an
Assignee until (i) written notice of such assignment, together with payment
instructions, addresses and related information with respect to the Assignee,
shall have been given to the Borrowers&#146; Agent and the Collateral Agent by such
Lender and the Assignee; (ii)&nbsp;such Lender and its Assignee shall have
delivered to the Borrowers&#146; Agent and the Collateral Agent an Assignment and
Acceptance in the form of <u>Exhibit&nbsp;E</u> (&quot;<u>Assignment and
Acceptance</u>&quot;), and (iii) the assignor Lender or Assignee has paid to the
Collateral Agent a processing fee in the amount of $3,500.</font></p>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-58-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From and after the
date that the Collateral Agent notifies the assignor Lender that it has received
an executed Assignment and Acceptance and payment of the above-referenced
processing fee, (i) the Assignee thereunder shall be a party hereto and, to the
extent that rights and obligations, including, but not limited to, the
obligation to participate in Letters of Credit have been assigned to it pursuant
to such Assignment and Acceptance, shall have the rights and obligations of a
Lender under the Loan Documents, and (ii) the assignor Lender shall, to the
extent that rights and obligations hereunder and under the other Loan Documents
have been assigned by it pursuant to such Assignment and Acceptance, relinquish
its rights and be released from its obligations under this Agreement (and in the
case of an Assignment and Acceptance covering all or the remaining portion of an
assigning Lender&#146;s rights and obligations under this Agreement, such Lender
shall cease to be a party hereto).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By executing and
delivering an Assignment and Acceptance, the assigning Lender thereunder and the
Assignee thereunder confirm to and agree with each other and the other parties
hereto as follows: (i) other than as provided in such Assignment and Acceptance,
such assigning Lender makes no representation or warranty and assumes no
responsibility with respect to any statements, warranties or representations
made in or in connection with this Agreement or the execution, legality,
validity, enforceability, genuineness, sufficiency or value of this Agreement or
any other Loan Document furnished pursuant hereto or the attachment, perfection,
or priority of any Lien granted by any Borrower to the Collateral Agent or any
Lender in the Collateral; (ii) such assigning Lender makes no representation or
warranty and assumes no responsibility with respect to the financial condition
of any Borrower or the performance or observance by any Borrower of any of its
obligations under this Agreement or any other Loan Document furnished pursuant
hereto; (iii) such Assignee confirms that it has received a copy of this
Agreement, together with such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into such
Assignment and Acceptance; (iv) such Assignee will, independently and without
reliance upon the Collateral Agent, such assigning Lender or any other Lender,
and based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit decisions in taking or not taking action
under this Agreement; (v) such Assignee appoints and authorizes the Collateral
Agent to take such action as agent on its behalf and to exercise such powers
under this Agreement as are delegated to the Collateral Agent by the terms
hereof, together with such powers, including the discretionary rights and
incidental power, as are reasonably incidental thereto; and (vi) such Assignee
agrees that it will perform in accordance with their terms all of the
obligations which by the terms of this Agreement are required to be performed by
it as a Lender.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Immediately upon
satisfaction of the requirements of <u>Section 11.2(a)</u>, this Agreement shall
be deemed to be amended to the extent, but only to the extent, necessary to
reflect the addition of the Assignee and the resulting adjustment of the
Commitments arising therefrom. The Commitment allocated to each Assignee shall
reduce such Commitments of the assigning Lender <u>pro</u> <u>tanto</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any Lender may at
any time sell to one or more commercial banks, financial institutions, or other
Persons not Affiliates of Parent (a &quot;<u>Participant</u>&quot;)
participating interests in any Loans, the Commitment of that Lender and the
other interests of that Lender (the</font></p>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-59-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">&quot;<u>originating Lender</u>&quot;)
hereunder and under the other Loan Documents; <u>provided</u>, <u>however</u>,
that (i)&nbsp;the originating Lender&#146;s obligations under this Agreement shall
remain unchanged, (ii)&nbsp;the originating Lender shall remain solely
responsible for the performance of such obligations, (iii)&nbsp;the Borrowers
and the Collateral Agent shall continue to deal solely and directly with the
originating Lender in connection with the originating Lender&#146;s rights and
obligations under this Agreement and the other Loan Documents, and (iv)&nbsp;no
Lender shall transfer or grant any participating interest under which the
Participant has rights to approve any amendment to, or any consent or waiver
with respect to, this Agreement or any other Loan Document except the matters
set forth in <u>Section 11.1(a)(i)</u>, <u>(ii)</u> and <u>(iii)</u>, and all
amounts payable by the Borrowers hereunder shall be determined as if such Lender
had not sold such participation; except that, if amounts outstanding under this
Agreement are due and unpaid, or shall have become due and payable upon the
occurrence of an Event of Default, each Participant shall be deemed to have the
right of set-off in respect of its participating interest in amounts owing under
this Agreement to the same extent and subject to the same limitation as if the
amount of its participating interest were owing directly to it as a Lender under
this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any
other provision in this Agreement, any Lender may at any time create a security
interest in, or pledge, all or any portion of its rights under and interest in
this Agreement in favor of any Federal Reserve Bank in accordance with
Regulation A of the FRB or U.S. Treasury Regulation 31 CFR &sec;203.14, and such
Federal Reserve Bank may enforce such pledge or security interest in any manner
permitted under applicable law.</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200316">ARTICLE
12</a><a NAME="_Toc487864648"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452939">THE
AGENT</a>S</font></p>
</u>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200317">12.1
    </a><a NAME="_Toc496452940">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586123"><u>Appointment
    and Authorization</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Lender hereby
designates and appoints CIT as its Collateral Agent under this Agreement and the
other Loan Documents and each Lender hereby irrevocably authorizes the
Collateral Agent to take such action on its behalf under the provisions of this
Agreement and each other Loan Document and to exercise such powers and perform
such duties as are expressly delegated to it by the terms of this Agreement or
any other Loan Document, together with such powers as are reasonably incidental
thereto. The Collateral Agent agrees to act as such on the express conditions
contained in this <u>Article&nbsp;12</u>. The provisions of this <u>Article&nbsp;12</u>
are solely for the benefit of the Collateral Agent and the Lenders, and the
Borrowers shall have no rights as a third party beneficiary of any of the
provisions contained herein. Notwithstanding any provision to the contrary
contained elsewhere in this Agreement or in any other Loan Document, the
Collateral Agent shall not have any duties or responsibilities, except those
expressly set forth herein, nor shall the Collateral Agent have or be deemed to
have any fiduciary relationship with any Lender, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read
into this Agreement or any other Loan Document or otherwise exist against the
Collateral Agent. Without limiting the generality of the foregoing sentence, the
use of the term &quot;agent&quot; in this Agreement with reference to the
Collateral Agent is not intended to connote any fiduciary or other implied (or
express) obligations arising under agency doctrine of any applicable law.
Instead, such term is used merely as a matter of market custom, and is intended
to create or reflect only an administrative relationship between independent
contracting parties. Except as expressly otherwise provided in this Agreement,
the</font></p>


<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-60-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">Collateral Agent shall have and may use its sole discretion with respect to
exercising or refraining from exercising any discretionary rights or taking
or refraining from taking any actions which the Collateral Agent is expressly
entitled to take or assert under this Agreement and the other Loan Documents,
including (a) the determination of the applicability of ineligibility criteria
with respect to the calculation of the Borrowing Base, the Miller Borrowing Base
and the RoadOne Borrowing Base, (b) the making of Agent Advances pursuant to <u>Section
1.2(i)</u>, and (c) the exercise of remedies pursuant to <u>Section 9.2</u>, and
any action so taken or not taken shall be deemed consented to by the Lenders.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200318">12.2
    </a></font>

</font>

&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="2"><a NAME="_Toc430586125"><u>Delegation
    of Duties</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Collateral Agent
may execute any of its duties under this Agreement or any other Loan Document by
or through agents, employees or attorneys-in-fact and shall be entitled to
advice of counsel concerning all matters pertaining to such duties. The
Collateral Agent shall not be responsible for the negligence or misconduct of
any agent or attorney-in-fact that it selects as long as such selection was made
without gross negligence or willful misconduct.</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200319">12.3
    </a><a NAME="_Toc496452942">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586126"><u>Liability
    of the Collateral Agent</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; None of the
Agent-Related Persons shall (i) be liable for any action taken or omitted to be
taken by any of them under or in connection with this Agreement or any other
Loan Document or the transactions contemplated hereby (except for its own gross
negligence or willful misconduct), or (ii) be responsible in any manner to any
of the Lenders for any recital, statement, representation or warranty made by
any Borrower or any Subsidiary or Affiliate of any Borrower, or any officer
thereof, contained in this Agreement or in any other Loan Document, or in any
certificate, report, statement or other document referred to or provided for in,
or received by the Collateral Agent under or in connection with, this Agreement
or any other Loan Document, or the validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement or any other Loan Document, or
for any failure of any Borrower or any other party to any Loan Document to
perform its obligations hereunder or thereunder. No Agent-Related Person shall
be under any obligation to any Lender to ascertain or to inquire as to the
observance or performance of any of the agreements contained in, or conditions
of, this Agreement or any other Loan Document, or to inspect the properties,
books or records of any Borrower or any of any Borrower&#146;s Subsidiaries or
Affiliates.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200320">12.4
    </a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a NAME="_Toc430586127"><u>Reliance
    by the Collateral Agent</u></a>. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral Agent
shall be entitled to rely, and shall be fully protected in relying, upon any
writing, resolution, notice, consent, certificate, affidavit, letter, telegram,
facsimile, telex or telephone message, statement or other document or
conversation believed by it to be genuine and correct and to have been signed,
sent or made by the proper Person or Persons, and upon advice and statements of
legal counsel (including counsel to the Borrowers), independent accountants and
other experts selected by the Collateral Agent. The Collateral Agent shall be
fully justified in failing or refusing to take any action under this Agreement
or any other Loan Document unless it shall first receive such advice or
concurrence of the Required Lenders as it deems appropriate and, if it so
requests, it shall first be indemnified to its satisfaction by the Lenders
against any and all liability and expense which may be incurred by it by reason
of taking or continuing to take any such action. The Collateral Agent shall in
all cases be fully protected in acting, or in refraining from acting, under this
Agreement or any other Loan Document in accordance with a request or consent of
the Required</font></p>


<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-61-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">Lenders (or all Lenders if so required by <u>Section 11.1</u>) and
such request and any action taken or failure to act pursuant thereto shall be
binding upon all of the Lenders.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200321">12.5
    </a><a NAME="_Toc496452944">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586128"><u>Notice
    of Default</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Collateral Agent
shall not be deemed to have knowledge or notice of the occurrence of any Default
or Event of Default, unless the Collateral Agent shall have received written
notice from a Lender or a Borrower referring to this Agreement, describing such
Default or Event of Default and stating that such notice is a &quot;notice of
default.&quot; The Collateral Agent will notify the Lenders of its receipt of
any such notice. The Collateral Agent shall take such action with respect to
such Default or Event of Default as may be requested by the Required Lenders in
accordance with <u>Section&nbsp;9</u>; <u>provided</u>, <u>however</u>, that
unless and until the Collateral Agent has received any such request, the
Collateral Agent may (but shall not be obligated to) take such action, or
refrain from taking such action, with respect to such Default or Event of
Default as it shall deem advisable.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200322">12.6
    </a><a NAME="_Toc496452945">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586129"><u>Credit
    Decision</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Lender
acknowledges that none of the Agent-Related Persons has made any representation
or warranty to it, and that no act by the Collateral Agent hereinafter taken,
including any review of the affairs of any Borrower and its Affiliates, shall be
deemed to constitute any representation or warranty by any Agent-Related Person
to any Lender. Each Lender represents to the Collateral Agent that it has,
independently and without reliance upon any Agent-Related Person and based on
such documents and information as it has deemed appropriate, made its own
appraisal of and investigation into the business, prospects, operations,
property, financial and other condition and creditworthiness of the Borrowers
and their Affiliates, and all applicable bank regulatory laws relating to the
transactions contemplated hereby, and made its own decision to enter into this
Agreement and to extend credit to the Borrowers. Each Lender also represents
that it will, independently and without reliance upon any Agent-Related Person
and based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit analysis, appraisals and decisions in
taking or not taking action under this Agreement and the other Loan Documents,
and to make such investigations as it deems necessary to inform itself as to the
business, prospects, operations, property, financial and other condition and
creditworthiness of the Borrowers. Except for field examinations, asset
appraisals and notices, reports and other documents expressly herein required to
be furnished to the Lenders by the Collateral Agent, the Collateral Agent shall
not have any duty or responsibility to provide any Lender with any credit or
other information concerning the business, prospects, operations, property,
financial and other condition or creditworthiness of any Borrower which may come
into the possession of any of the Agent-Related Persons.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200323">12.7
    </a><a NAME="_Toc496452946">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586130"><u>Indemnification</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Whether or not the
transactions contemplated hereby are consummated, the Lenders shall indemnify
upon demand the Agent-Related Persons (to the extent not reimbursed by or on
behalf of the Borrowers and without limiting the obligation of the Borrowers to
do so), in accordance with their Pro Rata Shares, from and against any and all
Indemnified Liabilities as such term is defined in <u>Section 13.11</u>; <u>provided</u>,
<u>however</u>, that no Lender shall be liable for the payment to the
Agent-Related Persons of any portion of such Indemnified Liabilities resulting
solely from such Person&#146;s gross negligence or willful misconduct. Without
limitation of the foregoing, each Lender shall reimburse the Collateral Agent
upon</font></p>


<p ALIGN="center" style="text-indent: 0">-62-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0">demand for its Pro Rata Share of any costs or out-of-pocket expenses
(including Attorney Costs) incurred by the Collateral Agent in connection with
the preparation, execution, delivery, administration, modification, amendment or
enforcement (whether through negotiations, legal proceedings or otherwise) of,
or legal advice in respect of rights or <a NAME="_Toc430586131">responsibilities
under, this Agreement, any other Loan Document, or any document contemplated by
or referred to herein, to the extent that the Collateral Agent is not reimbursed
for such expenses by or on behalf of the Borrowers. The undertaking in this
Section shall survive the payment of all Obligations hereunder and the
resignation or replacement of the Collateral Agent.</a></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200324">12.8
    </a><a NAME="_Toc496452947">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586132"><u>Agent
    in Individual Capacity</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CIT and its
Affiliates may make loans to, issue letters of credit for the account of, accept
deposits from, acquire equity interests in and generally engage in any kind of
banking, trust, financial advisory, underwriting or other business with any
Borrower and its Subsidiaries and Affiliates as though CIT were not the
Collateral Agent hereunder and without notice to or consent of the Lenders. CIT
or its Affiliates may receive information regarding any Borrower, its Affiliates
and Account Debtors (including information that may be subject to
confidentiality obligations in favor of a Borrower or such Subsidiary) and
acknowledge that the Collateral Agent and CIT shall be under no obligation to
provide such information to them. With respect to its Loans, CIT shall have the
same rights and powers under this Agreement as any other Lender and may exercise
the same as though it were not the Collateral Agent, and the terms
&quot;Lender&quot; and &quot;Lenders&quot; include CIT in its individual
capacity.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200325">12.9
    </a><a NAME="_Toc496452948">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586133"><u>Successor
    Collateral Agent</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Collateral Agent
may resign as Agent upon at least thirty (30) days&#146; prior notice to the
Lenders and the Borrowers&#146; Agent, such resignation to be effective upon the
acceptance of a successor agent to its appointment as Collateral Agent. In the
event CIT sells all of its Commitment and Loans as part of a sale, transfer or
other disposition by CIT of substantially all of its loan portfolio, CIT shall
resign as the Collateral Agent and such purchaser or transferee shall become the
successor Collateral Agent hereunder. Subject to the foregoing, if the
Collateral Agent resigns under this Agreement, the Required Lenders shall
appoint from among the Lenders a successor collateral agent for the Lenders. If
no successor collateral agent is appointed prior to the effective date of the
resignation of the Collateral Agent, the Collateral Agent may appoint, after
consulting with the Lenders and the Borrowers&#146; Agent, a successor collateral
agent from among the Lenders. Upon the acceptance of its appointment as
successor collateral agent hereunder, such successor collateral agent shall
succeed to all the rights, powers and duties of the retiring Collateral Agent
and the term &quot;Collateral Agent&quot; shall mean such successor collateral
agent and the retiring Collateral Agent&#146;s appointment, powers and duties as
Collateral Agent shall be terminated. After any retiring Collateral Agent&#146;s
resignation hereunder as Collateral Agent, the provisions of this <u>Article&nbsp;12</u>
shall continue to inure to its benefit as to any actions taken or omitted to be
taken by it while it was Collateral Agent under this Agreement.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200326">12.10
    </a><a NAME="_Toc496452949">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586134"><u>Withholding
    Tax</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Lender is a
&quot;foreign corporation, partnership or trust&quot; within the meaning of the
Code and such Lender claims exemption from, or a reduction of, U.S.</font></p>




<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-63-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>




<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">withholding
tax under Sections 1441 or 1442 of the Code, such Lender agrees with and in
favor of the Collateral Agent, to deliver to the Collateral Agent:</font></p>




<blockquote>
  <blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if such
        Lender claims an exemption from, or a reduction of, withholding tax
        under a United States of America tax treaty, properly completed IRS
        Forms W-8BEN and W-8ECI before the payment of any interest in the first
        calendar year and before the payment of any interest in each third
        succeeding calendar year during which interest may be paid under this
        Agreement;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if such
        Lender claims that interest paid under this Agreement is exempt from
        United States of America withholding tax because it is effectively
        connected with a United States of America trade or business of such
        Lender, two properly completed and executed copies of IRS Form W-8ECI
        before the payment of any interest is due in the first taxable year of
        such Lender and in each succeeding taxable year of such Lender during
        which interest may be paid under this Agreement, and IRS Form W-9; and</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such
        other form or forms as may be required under the Code or other laws of
        the United States of America as a condition to exemption from, or
        reduction of, United States of America withholding tax.</font></p>




  </blockquote>
</blockquote>




<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Such Lender agrees to
promptly notify the Collateral Agent of any change in circumstances which would
modify or render invalid any claimed exemption or reduction.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Lender
claims exemption from, or reduction of, withholding tax under a United States of
America tax treaty by providing IRS Form FW-8BEN and such Lender sells, assigns,
grants a participation in, or otherwise transfers all or part of the Obligations
owing to such Lender, such Lender agrees to notify the Collateral Agent of the
percentage amount in which it is no longer the beneficial owner of Obligations
of the Borrowers to such Lender. To the extent of such percentage amount, the
Collateral Agent will treat such Lender&#146;s IRS Form W-8BEN as no longer valid.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Lender
claiming exemption from United States of America withholding tax by filing IRS
Form W-8ECI with the Collateral Agent sells, assigns, grants a participation in,
or otherwise transfers all or part of the Obligations owing to such Lender, such
Lender agrees to undertake sole responsibility for complying with the
withholding tax requirements imposed by Sections 1441 and 1442 of the Code.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If any Lender is
entitled to a reduction in the applicable withholding tax, the Collateral Agent
may withhold from any interest payment to such Lender an amount equivalent to
the applicable withholding tax after taking into account such reduction. If the
forms or other documentation required by subsection (a) of this Section
are not delivered to the Collateral Agent, then the Collateral Agent may
withhold from any interest payment to such Lender not providing such forms or
other documentation an amount equivalent to the applicable withholding tax.</font></p>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-64-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the IRS or any
other Governmental Authority of the United States of America or other
jurisdiction asserts a claim that the Collateral Agent did not properly withhold
tax from amounts paid to or for the account of any Lender (because the
appropriate form was not delivered, was not properly executed, or because such
Lender failed to notify the Collateral Agent of a change in circumstances which
rendered the exemption from, or reduction of, withholding tax ineffective, or
for any other reason) such Lender shall indemnify the Collateral Agent fully for
all amounts paid, directly or indirectly, by the Collateral Agent as tax or
otherwise, including penalties and interest, and including any taxes imposed by
any jurisdiction on the amounts payable to the Collateral Agent under this
Section, together with all costs and expenses (including Attorney Costs). The
obligation of the Lenders under this subsection shall survive the payment of all
Obligations and the resignation or replacement of the Collateral Agent.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200327">12.11
    </a><a NAME="_Toc487864659">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452950"><u>Collateral
    Matters</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Lenders hereby
irrevocably authorize the Collateral Agent, at its option and in its sole
discretion, to release any Agent&#146;s Liens upon any Collateral (i)&nbsp;upon the
termination of the Commitments and payment and satisfaction in full by the
Borrowers of all Loans and reimbursement obligations in respect of Letters of
Credit, and the termination of all outstanding Letters of Credit (whether or not
any of such obligations are due) and all other Obligations (other than
contingent indemnification Obligations under this Agreement for which no
liability then exists); (ii)&nbsp;constituting property being sold or disposed
of if the Borrowers certify to the Collateral Agent that the sale or disposition
is made in compliance with <u>Section&nbsp;7.9</u> (and the Collateral Agent may
rely conclusively on any such certificate, without further inquiry);
(iii)&nbsp;constituting property in which the Borrowers owned no interest at the
time the Lien was granted or at any time thereafter; or (iv) constituting
property leased to a Borrower under a lease which has expired or been terminated
in a transaction permitted under this Agreement. Except as provided above, the
Collateral Agent will not release any of the Collateral Agent&#146;s Liens without
the prior written authorization of the Lenders; <u>provided</u> that the
Collateral Agent may, in its discretion, release the Agent&#146;s Liens on
Collateral valued in the aggregate not in excess of $500,000 during each Fiscal
Year. Upon request by the Collateral Agent or the Borrowers&#146; Agent at any
time, the Lenders will confirm in writing the Collateral Agent&#146;s authority to
release any Agent&#146;s Liens upon particular types or items of Collateral
pursuant to this <u>Section 12.11</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon receipt by the
Collateral Agent of any authorization required pursuant to <u>Section 12.11(a)</u>
from the Lenders of the Collateral Agent&#146;s authority to release Agent&#146;s
Liens upon particular types or items of Collateral, and upon at least five (5)
Business Days prior written request by the Borrowers&#146; Agent, the Collateral
Agent shall (and is hereby irrevocably authorized by the Lenders to) execute
such documents as may be necessary to evidence the release of the Collateral
Agent&#146;s Liens upon such Collateral; <u>provided</u>, <u>however</u>, that (i)
the Collateral Agent shall not be required to execute any such document on terms
which, in the Collateral Agent&#146;s opinion, would expose the Collateral Agent to
liability or create any obligation or entail any consequence other than the
release of such Liens without recourse or warranty, and (ii) such release shall
not in any manner discharge, affect or impair the Obligations or any Liens
(other than those expressly being released) upon (or obligations of the
Borrowers in respect of)</font></p>


<p ALIGN="center" style="text-indent: 0">-65-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">all interests retained by the Borrowers, including the
proceeds of any sale, all of which shall continue to constitute part of the
Collateral.</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral
Agent shall have no obligation whatsoever to any of the Lenders to assure that
the Collateral exists or is owned by the Borrowers or is cared for, protected or
insured or has been encumbered, or that the Collateral Agent&#146;s Liens have been
properly or sufficiently or lawfully created, perfected, protected or enforced
or are entitled to any particular priority, or to exercise at all or in any
particular manner or under any duty of care, disclosure or fidelity, or to
continue exercising, any of the rights, authorities and powers granted or
available to the Collateral Agent pursuant to any of the Loan Documents, it
being understood and agreed that in respect of the Collateral, or any act,
omission or event related thereto, the Collateral Agent may act in any manner it
may deem appropriate, in its sole discretion given the Collateral Agent&#146;s own
interest in the Collateral in its capacity as one of the Lenders and that the
Collateral Agent shall have no other duty or liability whatsoever to any Lender
as to any of the foregoing.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200328">12.12
    </a><a NAME="_Toc496452951">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586137"><u>Restrictions
    on Actions by Lenders; Sharing of Payments</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the Lenders
agrees that it shall not, without the express consent of all other Lenders, and
that it shall, to the extent it is lawfully entitled to do so, upon the request
of all Lenders, set off against the Obligations, any amounts owing by such
Lender to any Borrower or any accounts of any Borrower now or hereafter
maintained with such Lender. Each of the Lenders further agrees that it shall
not, unless specifically requested to do so by the Collateral Agent, take or
cause to be taken any action to enforce its rights under this Agreement or
against any Borrower, including the commencement of any legal or equitable
proceedings, to foreclose any Lien on, or otherwise enforce any security
interest in, any of the Collateral.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If at any time or
times any Lender shall receive (i) by payment, foreclosure, setoff or otherwise,
any proceeds of Collateral or any payments with respect to the Obligations of
any Borrower to such Lender arising under, or relating to, this Agreement or the
other Loan Documents, except for any such proceeds or payments received by such
Lender from the Collateral Agent pursuant to the terms of this Agreement, or
(ii)&nbsp;payments from the Collateral Agent in excess of such Lender&#146;s
ratable portion of all such distributions by the Collateral Agent, such Lender
shall promptly (1) turn the same over to the Collateral Agent, in kind, and with
such endorsements as may be required to negotiate the same to the Collateral
Agent, or in same day funds, as applicable, for the account of all of the
Lenders and for application to the Obligations in accordance with the applicable
provisions of this Agreement, or (2) purchase, without recourse or warranty, an
undivided interest and participation in the Obligations owed to the other
Lenders so that such excess payment received shall be applied ratably as among
the Lenders in accordance with their Pro Rata Shares; <u>provided</u>, <u>however</u>,
that if all or part of such excess payment received by the purchasing party is
thereafter recovered from it, those purchases of participations shall be
rescinded in whole or in part, as applicable, and the applicable portion of the
purchase price paid therefor shall be returned to such purchasing party, but
without interest except to the extent that such purchasing party is required to
pay interest in connection with the recovery of the excess payment.</font></p>


<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-66-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


    <p ALIGN="JUSTIFY">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200329">12.13</a><a NAME="_Toc496452952">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586138"><u>Agency
    for Perfection</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Lender hereby
appoints each other Lender as agent for the purpose of perfecting the Lenders&#146;
security interest in assets which, in accordance with Article 9 of the UCC can
be perfected only by possession. Should any Lender (other than the Collateral
Agent) obtain possession of any such Collateral, such Lender shall notify the
Collateral Agent thereof, and, promptly upon the Collateral Agent&#146;s request
therefor shall deliver such Collateral to the Collateral Agent or in accordance
with the Collateral Agent&#146;s instructions.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200330">12.14
    </a><a NAME="_Toc496452953">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586139"><u>Payments
    by the Collateral Agent to Lenders</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All payments to be
made by the Collateral Agent to the Lenders shall be made by bank wire transfer
or internal transfer of immediately available funds to each Lender pursuant to
wire transfer instructions delivered in writing to the Collateral Agent on or
prior to the Closing Date (or if such Lender is an Assignee, on the applicable
Assignment and Acceptance), or pursuant to such other wire transfer instructions
as each party may designate for itself by written notice to the Collateral
Agent. Concurrently with each such payment, the Collateral Agent shall identify
whether such payment (or any portion thereof) represents principal, premium or
interest on the Revolving Loans, Term Loans or otherwise. Unless the Collateral
Agent receives notice from the Borrowers&#146; Agent prior to the date on which any
payment is due to the Lenders that the Borrowers will not make such payment in
full as and when required, the Collateral Agent may assume that the Borrowers
have made such payment in full to the Collateral Agent on such date in
immediately available funds and the Collateral Agent may (but shall not be so
required), in reliance upon such assumption, distribute to each Lender on such
due date an amount equal to the amount then due such Lender. If and to the
extent the Borrowers have not made such payment in full to the Collateral Agent,
each Lender shall repay to the Collateral Agent on demand such amount
distributed to such Lender, together with interest thereon at the Federal Funds
Rate for each day from the date such amount is distributed to such Lender until
the date repaid.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200331">12.15
    </a><a NAME="_Toc487864663">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452954"><u>Settlement</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Lender&#146;s
funded portion of the Revolving Loans is intended by the Lenders to be equal at
all times to such Lender&#146;s Pro Rata Share of the outstanding Revolving Loans.
Notwithstanding such agreement, the Collateral Agent, CIT, and the other Lenders
agree (which agreement shall not be for the benefit of or enforceable by the
Borrowers) that in order to facilitate the administration of this Agreement and
the other Loan <a NAME="_Toc485537712">Documents, settlement among them as to
the Revolving Loans, the Non-Ratable Loans and the Agent Advances shall take
place on a periodic basis in accordance with the following provisions:</a></font></p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Collateral
Agent shall request settlement (&quot;<u>Settlement</u>&quot;) with the Lenders
on at least a weekly basis, or on a more frequent basis at Agent&#146;s election,
(A) on behalf of CIT, with respect to each outstanding Non-Ratable Loan, (B) for
itself, with respect to each Agent Advance, and (C) with respect to collections
received, in each case, by notifying the Lenders of such requested Settlement by
telecopy, telephone or other similar form of transmission, of such requested
Settlement, no later than 12:00 noon (Atlanta, Georgia time) on the date of such
requested Settlement (the &quot;Settlement Date&quot;). Each Lender (other than
CIT, in the case of Non-Ratable Loans and the Collateral Agent in the case of
Agent Advances) shall transfer the amount of such Lender&#146;s Pro Rata Share of
the</font></p>


<p ALIGN="center" style="text-indent: 0">-67-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">outstanding principal amount of the Non-Ratable Loans and Agent Advances
with respect to each Settlement to the Collateral Agent, to the Collateral Agent&#146;s
account, not later than 2:00 p.m. (Atlanta, Georgia time), on the Settlement
Date applicable thereto. Settlements may occur during the continuation of a
Default or an Event of Default and whether or not the applicable conditions
precedent set forth in <u>Article&nbsp;8</u> have then been satisfied. Such
amounts made available to the Collateral Agent shall be applied against the
amounts of the applicable Non-Ratable Loan or Agent Advance and, together with
the portion of such Non-Ratable Loan or Agent Advance representing the Bank&#146;s
Pro Rata Share thereof, shall constitute Revolving Loans of such Lenders. If any
such amount is not transferred to the Collateral Agent by any Lender on the
Settlement Date applicable thereto, the Collateral Agent shall be entitled to
recover such amount on demand from such Lender together with interest thereon at
the Federal Funds Rate for the first three (3) days from and after the
Settlement Date and thereafter at the Interest Rate then applicable to the
Revolving Loans (A) on behalf of CIT, with respect to each outstanding
Non-Ratable Loan, and (B) for itself, with respect to each Agent Advance.</p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing, not more than one (1) Business Day after demand is made by the
Collateral Agent (whether before or after the occurrence of a Default or an
Event of Default and regardless of whether the Collateral Agent has requested a
Settlement with respect to a Non-Ratable Loan or Agent Advance), each other
Lender (A) shall irrevocably and unconditionally purchase and receive from CIT
or the Collateral Agent, as applicable, without recourse or warranty, an
undivided interest and participation in such Non-Ratable Loan or Agent Advance
equal to such Lender&#146;s Pro Rata Share of such Non-Ratable Loan or Agent
Advance and (B) if Settlement has not previously occurred with respect to such
Non-Ratable Loans or Agent Advances, upon demand by CIT or the Collateral Agent,
as applicable, shall pay to CIT or the Collateral Agent, as applicable, as the
purchase price of such participation an amount equal to one-hundred percent
(100%) of such Lender&#146;s Pro Rata Share of such Non-Ratable Loans or Agent
Advances. If such amount is not in fact made available to the Collateral Agent
by any Lender, the Collateral Agent shall be entitled to recover such amount on
demand from such Lender together with interest thereon at the Federal Funds Rate
for the first three (3) days from and after such demand and thereafter at the
Interest Rate then applicable to Base Rate Revolving Loans.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From and after the
date, if any, on which any Lender purchases an undivided interest and
participation in any Non-Ratable Loan or Agent Advance pursuant to <u>clause
(iii)</u> above, the Collateral Agent shall promptly distribute to such Lender,
such Lender&#146;s Pro Rata Share of all payments of principal and interest and all
proceeds of Collateral received by the Collateral Agent in respect of such
Non-Ratable Loan or Agent Advance.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Between Settlement
Dates, the Collateral Agent, to the extent no Agent Advances are outstanding,
may pay over to CIT any payments received by the Collateral Agent, which in
accordance with the terms of this Agreement would be applied to the reduction of
the Revolving Loans, for application to CIT&#146;s Revolving Loans including
Non-Ratable Loans. If, as of any Settlement Date, collections received since the
then immediately preceding Settlement Date have been applied to CIT&#146;s
Revolving Loans (other than to Non-Ratable Loans or Agent Advances in which such
Lender has not yet funded its purchase of a</font></p>


<p ALIGN="center" style="text-indent: 0">-68-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">participation pursuant to <u>clause&nbsp;(iii)</u>
above), as provided for in the previous sentence, CIT shall pay to the
Collateral Agent for the accounts of the Lenders, to be applied to the
outstanding Revolving Loans of such Lenders, an amount such that each Lender
shall, upon receipt of such amount, have, as of such Settlement Date, its Pro
Rata Share of the Revolving Loans. During the period between Settlement Dates,
CIT with respect to Non-Ratable Loans, the Collateral Agent with respect to
Agent Advances, and each Lender with respect to the Revolving Loans other than
Non-Ratable Loans and Agent Advances, shall be entitled to interest at the
applicable rate or rates payable under this Agreement on the actual average
daily amount of funds employed by CIT, the Collateral Agent and the other
Lenders.</p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless the
Collateral Agent has received written notice from a Lender to the contrary, the
Collateral Agent may assume that the applicable conditions precedent set forth
in <u>Article&nbsp;8</u> have been satisfied and the requested Borrowing will
not cause the Borrowers to exceed Availability, Miller Availability or RoadOne
Availability, as the case may be, on any Funding Date for a Revolving Loan or
Non-Ratable Loan.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Lenders&#146;
Failure to Perform</u>. All Revolving Loans (other than Non-Ratable Loans and
Agent Advances) shall be made by the Lenders simultaneously and in accordance
with their Pro Rata Shares. It is understood that (i) no Lender shall be
responsible for any failure by any other Lender to perform its obligation to
make any Revolving Loans hereunder, nor shall any Commitment of any Lender be
increased or decreased as a result of any failure by any other Lender to perform
its obligation to make any Revolving Loans hereunder, (ii) no failure by any
Lender to perform its obligation to make any Revolving Loans hereunder shall
excuse any other Lender from its obligation to make any Revolving Loans
hereunder, and (iii) the obligations of each Lender hereunder shall be several,
not joint and several.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Defaulting
Lenders</u>. Unless the Collateral Agent receives notice from a Lender on or
prior to the Closing Date or, with respect to any Borrowing after the Closing
Date, at least one Business Day prior to the date of such Borrowing, that such
Lender will not make available as and when required hereunder to the Collateral
Agent that Lender&#146;s Pro Rata Share of a Borrowing, the Collateral Agent may
assume that each Lender has made such amount available to the Collateral Agent
in immediately available funds on the Funding Date. Furthermore, the Collateral
Agent may, in reliance upon such assumption, make available to the Borrowers on
such date a corresponding amount. If any Lender has not transferred its full Pro
Rata Share to the Collateral Agent in immediately available funds, and the
Collateral Agent has transferred the corresponding amount to the Borrowers, on
the Business Day following such Funding Date that Lender shall make such amount
available to the Collateral Agent, together with interest at the Federal Funds
Rate for that day. A notice by the Collateral Agent submitted to any Lender with
respect to amounts owing shall be conclusive, absent manifest error. If each
Lender&#146;s full Pro Rata Share is transferred to the Collateral Agent as
required, the amount transferred to the Collateral Agent shall constitute that
Lender&#146;s Revolving Loan for all purposes of this Agreement. If that amount is
not transferred to the Collateral Agent on the Business Day following the
Funding Date, the Collateral Agent will notify the Borrowers&#146; Agent of such
failure to fund and, upon demand by the Collateral Agent, the Borrowers shall
pay such amount to the Collateral Agent for the Collateral Agent&#146;s account,
together with interest thereon for each day</font></p>


<p ALIGN="center" style="text-indent: 0">-69-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">elapsed since the date of such
Borrowing, at a rate per annum equal to the Interest Rate applicable at the time
to the Revolving Loans comprising that particular Borrowing. The failure of any
Lender to make any Revolving Loan on any Funding Date (any such Lender, prior to
the cure of such failure, being hereinafter referred to as a &quot;<u>Defaulting
Lender</u>&quot;) shall not relieve any other Lender of its obligation hereunder
to make a Revolving Loan on that Funding Date. No Lender shall be responsible
for any other Lender&#146;s failure to advance such other Lenders&#146; Pro Rata Share
of any Borrowing.</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Retention of
Defaulting Lender&#146;s Payments</u>. The Collateral Agent shall not be obligated
to transfer to a Defaulting Lender any payments made by any Borrower to the
Collateral Agent for the Defaulting Lender&#146;s benefit; nor shall a Defaulting
Lender be entitled to the sharing of any payments hereunder. Amounts payable to
a Defaulting Lender shall instead be paid to or retained by the Collateral
Agent. In its discretion, the Collateral Agent may loan the Borrowers the amount
of all such payments received or retained by it for the account of such
Defaulting Lender. Any amounts so loaned to the Borrowers shall bear interest at
the rate applicable to Base Rate Revolving Loans and for all other purposes of
this Agreement shall be treated as if they were Revolving Loans, provided,
however, that for purposes of voting or consenting to matters with respect to
the Loan Documents and determining Pro Rata Shares, such Defaulting Lender shall
be deemed not to be a &quot;Lender&quot;. Until a Defaulting Lender cures its
failure to fund its Pro Rata Share of any Borrowing (A) such Defaulting Lender
shall not be entitled to any portion of the Unused Line Fee and (B) the Unused
Line Fee shall accrue in favor of the Lenders which have funded their respective
Pro Rata Shares of such requested Borrowing and shall be allocated among such
performing Lenders ratably based upon their relative Commitments. This Section
shall remain effective with respect to such Lender until such time as the
Defaulting Lender shall no longer be in default of any of its obligations under
this Agreement. The terms of this Section shall not be construed to increase or
otherwise affect the Commitment of any Lender, or relieve or excuse the
performance by the Borrowers of their duties and obligations hereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Removal of
Defaulting Lender</u>. At the Borrowers&#146; Agent&#146;s request, the Collateral
Agent or an Eligible Assignee reasonably acceptable to the Collateral Agent and
the Borrowers shall have the right (but not the obligation) to purchase from any
Defaulting Lender, and each Defaulting Lender shall, upon such request, sell and
assign to the Collateral Agent or such Eligible Assignee, all of the Defaulting
Lender&#146;s outstanding Commitments hereunder. Such sale shall be consummated
promptly after the Collateral Agent has arranged for a purchase by the
Collateral Agent or an Eligible Assignee pursuant to an Assignment and
Acceptance, and at a price equal to the outstanding principal balance of the
Defaulting Lender&#146;s Loans, plus accrued interest and fees, without premium or
discount.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200332">12.16
    </a><a NAME="_Toc487864664">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452955"><u>Letters of
    Credit; Intra-Lender Issues</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>No</u>tice of Letter
of Credit Balance. On each Settlement Date the Collateral Agent shall notify
each Lender of the issuance of all Letters of Credit since the prior Settlement
Date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Part<u>icipations
in Letters of Credit</u>.</font></p>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-70-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Purchase of
Participations</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Immediately upon issuance of any Letter of Credit in
accordance with <u>Section 1.4(d)</u>, each Lender shall be deemed to have
irrevocably and unconditionally purchased and received without recourse or
warranty, an undivided interest and participation equal to such Lender&#146;s Pro
Rata Share of the face amount of such Letter of Credit (including all
obligations of the Borrowers with respect thereto, and any security therefor or
guaranty pertaining thereto).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp; <u>Sharing of
Reimbursement Obligation Payments</u>. &nbsp;&nbsp;&nbsp;&nbsp;When- ever the Collateral Agent receives
a payment from the Borrowers on account of reimbursement obligations in respect
of a Letter of Credit as to which the Collateral Agent has previously received
for the account of the Letter of Credit Issuer thereof payment from a Lender,
the Collateral Agent shall promptly pay to such Lender such Lender&#146;s Pro Rata
Share of such payment from the Borrowers. Each such payment shall be made by the
Collateral Agent on the next Settlement Date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Documentation</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Upon the request of any Lender, the Collateral Agent shall furnish to such
Lender copies of any Letter of Credit, reimbursement agreements executed in
connection therewith, applications for any Letter of Credit, and such other
documentation as may reasonably be requested by such Lender.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Obligations
Irrevocable</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The obligations of each Lender to make payments to the
Collateral Agent with respect to any Letter of Credit or with respect to their
participation therein or with respect to the Revolving Loans made as a result of
a drawing under a Letter of Credit and the obligations of the Borrower for whose
account the Letter of Credit was issued to make payments to the Collateral
Agent, for the account of the Lenders, shall be irrevocable and shall not be
subject to any qualification or exception whatsoever, including any of the
following circumstances:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any lack of
validity or enforceability of this Agreement or any of the other Loan Documents;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(2)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the existence of
any claim, setoff, defense or other right which any Borrower may have at any
time against a beneficiary named in a Letter of Credit or any transferee of any
Letter of Credit (or any Person for whom any such transferee may be acting), any
Lender, the Agent, the Letter of Credit Issuer, or any other Person, whether in
connection with this Agreement, any Letter of Credit, the transactions
contemplated herein or any unrelated transactions (including any underlying
transactions between any Borrower or any other Person and the beneficiary named
in any Letter of Credit);</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any draft,
certificate or any other document presented under the Letter of Credit proving
to be forged, fraudulent, invalid or insufficient in any respect or any
statement therein being untrue or inaccurate in any respect;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the surrender or
impairment of any security for the performance or observance of any of the terms
of any of the Loan Documents;</font></p>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-71-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the occurrence of
any Default or Event of Default; or</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 110"><font face="Times New Roman" size="2">(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the failure of any
Borrower to satisfy the applicable conditions precedent set forth in <u>Article&nbsp;8</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Recovery or
Avoidance of Payments; Refund of Payments In Error</u>. In the event any payment
by or on behalf of any Borrower received by the Collateral Agent with respect to
any Letter of Credit and distributed by the Collateral Agent to the Lenders on
account of their respective participations therein is thereafter set aside,
avoided or recovered from the Collateral Agent in connection with any
receivership, liquidation or bankruptcy proceeding, the Lenders shall, upon
demand by the Collateral Agent, pay to the Collateral Agent their respective Pro
Rata Shares of such amount set aside, avoided or recovered, together with
interest at the rate required to be paid by the Collateral Agent upon the amount
required to be repaid by it. Unless the Collateral Agent receives notice from
the Borrowers&#146; Agent prior to the date on which any payment is due to the
Lenders that the Borrowers will not make such payment in full as and when
required, the Collateral Agent may assume that the Borrowers have made such
payment in full to the Collateral Agent on such date in immediately available
funds and the Collateral Agent may (but shall not be so required), in reliance
upon such assumption, distribute to each Lender on such due date an amount equal
to the amount then due such Lender. If and to the extent the Borrowers have not
made such payment in full to the Collateral Agent, each Lender shall repay to
the Collateral Agent on demand such amount distributed to such Lender, together
with interest thereon at the Federal Funds Rate for each day from the date such
amount is distributed to such Lender until the date repaid.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Indemnification
by Lenders</u>. To the extent not reimbursed by the Borrowers and without
limiting the obligations of the Borrowers hereunder, the Lenders agree to
indemnify the Letter of Credit Issuer ratably in accordance with their
respective Pro Rata Shares, for any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses (including
attorneys&#146; fees) or disbursements of any kind and nature whatsoever that may
be imposed on, incurred by or asserted against the Letter of Credit Issuer in
any way relating to or arising out of any Letter of Credit or the transactions
contemplated thereby or any action taken or omitted by the Letter of Credit
Issuer under any Letter of Credit or any Loan Document in connection therewith; <u>provided</u>
that no Lender shall be liable for any of the foregoing to the extent it arises
from the gross negligence or willful misconduct of the Letter of Credit Issuer.
Without limitation of the foregoing, each Lender agrees to reimburse the Letter
of Credit Issuer promptly upon demand for its Pro Rata Share of any costs or
expenses payable by the Borrowers to the Letter of Credit Issuer, to the extent
that the Letter of Credit Issuer is not promptly reimbursed for such costs and
expenses by the Borrowers. The agreement contained in this Section shall survive
payment in full of all other Obligations.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200333">12.17
    </a><a NAME="_Toc496452956">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586140"><u>Concerning
    the Collateral and the Related Loan Documents</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Lender
authorizes and directs the Collateral Agent to enter into the other Loan
Documents, for the ratable benefit and obligation of the Collateral Agent and
the Lenders. Each Lender agrees that any action taken by the Collateral Agent or
Required Lenders, as applicable, in accordance with the terms of this Agreement
or the other Loan Documents, and the exercise by the Collateral</font></p>


<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-72-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


    <p ALIGN="JUSTIFY">&nbsp;</p>


    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Agent or the
Required Lenders, as applicable, of their respective powers set forth therein or
herein, together with such other powers that are reasonably incidental thereto,
shall be binding upon all of the Lenders. The Lenders acknowledge that the
Revolving Loans, Term Loans, Agent Advances, Non-Ratable Loans, Hedge
Agreements, Bank Products and all interest, fees and expenses hereunder
constitute one Debt, secured <u>pari</u> <u>passu</u> by all of the Collateral.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200334">12.18
    </a><a NAME="_Toc496452957">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586141"><u>Field
    Audit and Examination Reports; Disclaimer by Lenders</u></a>.&nbsp;&nbsp;&nbsp;&nbsp; By signing this
Agreement, each Lender:</font></p>


<blockquote>
  <blockquote>




        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;is deemed
        to have requested that the Collateral Agent furnish such Lender,
        promptly after it becomes available, a copy of each field audit or
        examination report (each a &quot;<u>Report</u>&quot; and collectively,
        &quot;<u>Reports</u>&quot;) prepared by or on behalf of the Collateral
        Agent;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;expressly
        agrees and acknowledges that neither CIT nor the Collateral Agent (i)
        makes any representation or warranty as to the accuracy of any Report,
        or (ii) shall be liable for any information contained in any Report;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;expressly
        agrees and acknowledges that the Reports are not comprehensive audits or
        examinations, that the Collateral Agent or CIT or other party performing
        any audit or examination will inspect only specific information
        regarding the Borrowers and will rely significantly upon the Borrowers&#146;
        books and records, as well as on representations of the Borrowers&#146;
        personnel;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;agrees to
        keep all Reports confidential and strictly for its internal use, and not
        to distribute except to its participants, or use any Report in any other
        manner; and</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;without
        limiting the generality of any other indemnification provision contained
        in this Agreement, agrees: (i) to hold the Collateral Agent and any such
        other Lender preparing a Report harmless from any action the
        indemnifying Lender may take or conclusion the indemnifying Lender may
        reach or draw from any Report in connection with any loans or other
        credit accommodations that the indemnifying Lender has made or may make
        to the Borrowers, or the indemnifying Lender&#146;s participation in, or
        the indemnifying Lender&#146;s purchase of, a loan or loans of the
        Borrowers; and (ii) to pay and protect, and indemnify, defend and hold
        the Collateral Agent and any such other Lender preparing a Report
        harmless from and against, the claims, actions, proceedings, damages,
        costs, expenses and other amounts (including Attorney Costs) incurred by
        the Collateral Agent and any such other Lender preparing a Report as the
        direct or indirect result of any third parties who might obtain all or
        part of any Report through the indemnifying Lender.</font></p>


  </blockquote>
</blockquote>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200335">12.19
    </a><a NAME="_Toc487864667">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452958"><u>Relation Among
    Lenders</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Lenders are not
partners or co-venturers, and no Lender shall be liable for the acts or
omissions of, or (except as otherwise set forth herein in case of the Collateral
Agent) authorized to act for, any other Lender.</font></p>


<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-73-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


    <p ALIGN="JUSTIFY">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200336">12.20
    </a><a NAME="_Toc496452959">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586135"><u>Co-Agents</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Existing Titled
Collateral Agent</u>. Pursuant to the Security Agreement, the Borrowers have
granted a Lien in the Existing Titled Collateral to Bank of America, as Existing
Titled Collateral Agent to secure the Obligations. Each Lender hereby designates
and appoints Bank of America as its Existing Titled Collateral Agent and each
Lender hereby irrevocably authorizes the Existing Titled Collateral Agent to
take such actions on its behalf under the provisions of this Agreement and each
other Loan Document and to exercise such powers as are expressly delegated to it
by the terms of this Agreement and any other Loan Document, together with such
powers are reasonably incidental thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Attorney-in-Fact</u>.
Bank of America hereby irrevocably authorizes and appoints the Collateral Agent
as its attorney-in-fact to take all actions, and execute and deliver all
agreements, title applications and amendments, UCC financing statements and
amendments, and other documents and instruments, on behalf of Bank of America,
as Existing Titled Collateral Agent, with respect to the Existing Titled
Collateral and the Existing Certificates of Title, including (i) to deal
exclusively with the Custodial Administrator on all matters relating to the
Existing Titled Collateral and the Existing Certificates of Title pursuant to
the Custodial Administration Agreement, (ii) to execute and file all title
applications and amendments and all UCC financing statements and amendments on
behalf and in the name of Bank of America, as Existing Titled Collateral Agent,
as the Collateral Agent may reasonably deem necessary or appropriate in
accordance with the terms of this Agreement in order to note or release the Lien
of the Existing Titled Collateral Agent in the Existing Titled Collateral and
the Existing Certificates of Title and to perfect, continue or release the Lien
of the Existing Titled Collateral Agent in the Existing Titled Collateral and
the Existing Certificates of Title, and (iii) to exercise all of the Existing
Titled Collateral Agent&#146;s rights and remedies with respect to the Existing
Titled Collateral and the Existing Certificates of Title. In exercising its
rights under this power of attorney, the Collateral Agent shall in all respects
be entitled to the benefit of all of the other provisions of this <u>Article 12</u>,
including all Lender indemnities set forth herein. The Borrowers agree that all
rights and remedies of the Collateral Agent set forth in this Agreement and the
Security Agreement with respect to &quot;Collateral&quot; shall include the
Collateral Agent&#146;s rights and remedies with respect to the Existing Titled
Collateral and Existing Certificates of Title in accordance with this <u>Section
12.20</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Limited Duties
of Co-Agents</u>. Without in any manner limiting the Lien of the Existing Titled
Collateral Agent in the Existing Titled Collateral and the Existing Certificates
and its rights and remedies with respect thereto, the parties hereto agree that
Bank of America shall have no obligations, liabilities, responsibilities or
duties under this Agreement, in its capacity as Existing Titled Collateral
Agent, Administrative Agent or Syndication Agent. Bank of America shall not have
or be deemed to have any fiduciary relationship with any Lender. Each Lender
acknowledges that it has not relied, and will not rely, on Bank of America in
deciding to enter into this Agreement or in taking or not taking action
hereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Resignation as
Existing Titled Collateral Agent</u>. The Existing Titled Collateral Agent may
resign as Existing Titled Collateral Agent upon at least thirty (30)</font></p>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-74-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">days&#146;
prior notice to the Lenders, the Collateral Agent and the Borrowers&#146; Agent,
such resignation to be effective upon the date set forth in such resignation
notice. In the event Bank of America sells all of its Commitment and Loans as
part of a sale, transfer or other disposition by Bank of America of
substantially all of its loan portfolio, Bank of America shall resign as the
Existing Titled Collateral Agent. Immediately upon the effectiveness of any such
resignation, the Collateral Agent shall succeed to all the rights of the
resigning Existing Titled Collateral Agent and the term &quot;Existing Titled
Collateral Agent&quot; shall mean the Collateral Agent and the resigning
Existing Titled Collateral Agent&#146;s appointment as Existing Titled Collateral
Agent shall be terminated. The Borrowers shall take all actions at their sole
cost and expense as the Collateral Agent, as successor Existing Titled
Collateral Agent, may deem necessary or appropriate in order to continue the
perfection of the Existing Titled Collateral Agent&#146;s Lien in the Existing
Titled Collateral and the Existing Certificates of Title, including the
execution and filing of all title applications and amendments and all UCC
financing statements and amendments as the Collateral Agent may deem necessary
or appropriate. After any resigning Existing Titled Collateral Agent&#146;s
resignation hereunder as Existing Titled Collateral Agent, the applicable
provisions of this <u>Article&nbsp;12</u> shall continue to inure to its benefit
as to all matters arising prior to its resignation as Existing Titled Collateral
Agent under this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>New Titled
Collateral</u>. Each of the parties hereby acknowledges that, pursuant to the
Security Agreement, the Collateral Agent has been granted a Lien in all
hereafter arising Titled Collateral as security for the Obligations and that the
Collateral Agent shall be noted as first lienholder on all certificates of title
and other comparable documents relating to such hereafter arising Titled
Collateral.</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2"><a NAME="_Toc520200337">ARTICLE
13</a><a NAME="_Toc487864669"><u><br>
</u></a></font><u><font face="Times New Roman" size="2"><a NAME="_Toc496452960">MISCELLANEOUS</a></font></p>
</u>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200338">13.1
    </a><a NAME="_Toc496452961">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586142"><u>No&nbsp;Waivers;
    Cumulative Remedies</u></a></font>. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No failure by the
Collateral Agent or any Lender to exercise any right, remedy, or option under
this Agreement or any present or future supplement thereto, or in any other
agreement between or among any Borrower and the Collateral Agent and/or any
Lender, or delay by the Collateral Agent or any Lender in exercising the same,
will operate as a waiver thereof. No waiver by the Collateral Agent or any
Lender will be effective unless it is in writing, and then only to the extent
specifically stated. No waiver by the Collateral Agent or the Lenders on any
occasion shall affect or diminish the Collateral Agent&#146;s and each Lender&#146;s
rights thereafter to require strict performance by the Borrowers of any
provision of this Agreement. The Collateral Agent and the Lenders may proceed
directly to collect the Obligations without any prior recourse to the
Collateral. The Collateral Agent&#146;s and each Lender&#146;s rights under this
Agreement will be cumulative and not exclusive of any other right or remedy
which the Collateral Agent or any Lender may have.</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200339">13.2
    </a><a NAME="_Toc430586144">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a></font><u><font face="Times New Roman" size="2">Severability</font></u><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp; The illegality or
unenforceability of any provision of this Agreement or any Loan Document or any
instrument or agreement required hereunder shall not in any way affect or impair
the legality or enforceability of the remaining provisions of this Agreement or
any instrument or agreement required hereunder.</font></p>


<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-75-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


    <p ALIGN="JUSTIFY">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200340">13.3
    </a><a NAME="_Toc496452963">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586145"><u>Governing
    Law; Choice of Forum; Service of Process</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS AGREEMENT
SHALL BE INTERPRETED AND THE RIGHTS AND LIABILITIES OF THE PARTIES HERETO
DETERMINED IN ACCORDANCE WITH THE INTERNAL LAWS (AS OPPOSED TO THE CONFLICT OF
LAWS PROVISIONS, PROVIDED THAT PERFECTION ISSUES WITH RESPECT TO ARTICLE 9 OF
THE UCC MAY GIVE EFFECT TO APPLICABLE CHOICE OR CONFLICT OF LAW RULES SET FORTH
IN ARTICLE 9 OF THE UCC) OF THE STATE OF GEORGIA; PROVIDED THAT THE Collateral
AGENT AND THE LENDERS SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ANY LEGAL ACTION OR
PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE
BROUGHT IN THE COURTS OF THE STATE OF GEORGIA OR OF THE UNITED STATES OF AMERICA
LOCATED IN THE FULTON COUNTY, GEORGIA, AND BY EXECUTION AND DELIVERY OF THIS
AGREEMENT, EACH OF THE BORROWERS, THE Collateral AGENT AND THE LENDERS CONSENTS,
FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF
THOSE COURTS. EACH OF THE BORROWERS, THE Collateral AGENT AND THE LENDERS
IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE
OR BASED ON THE GROUNDS OF <u>FORUM NON CONVENIENS</u>, WHICH IT MAY NOW OR
HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION
IN RESPECT OF THIS AGREEMENT OR ANY DOCUMENT RELATED HERETO. NOTWITHSTANDING THE
FOREGOING: (1) THE Collateral AGENT AND THE LENDERS SHALL HAVE THE RIGHT TO
BRING ANY ACTION OR PROCEEDING AGAINST ANY BORROWER OR ITS PROPERTY IN THE
COURTS OF ANY OTHER JURISDICTION THE Collateral AGENT OR THE LENDERS DEEM
NECESSARY OR APPROPRIATE IN ORDER TO REALIZE ON THE COLLATERAL OR OTHER SECURITY
FOR THE OBLIGATIONS AND (2) EACH OF THE PARTIES HERETO ACKNOWLEDGES THAT ANY
APPEALS FROM THE COURTS DESCRIBED IN THE IMMEDIATELY PRECEDING SENTENCE MAY HAVE
TO BE HEARD BY A COURT LOCATED OUTSIDE THOSE JURISDICTIONS.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(c)&nbsp;EACH BORROWER
HEREBY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND CONSENTS THAT
ALL SUCH SERVICE OF PROCESS MAY BE MADE BY REGISTERED MAIL (RETURN RECEIPT
REQUESTED) DIRECTED TO THE BORROWERS&#146; AGENT AT ITS ADDRESS SET FORTH IN <u>SECTION&nbsp;13.8</u>
AND SERVICE SO MADE SHALL BE DEEMED TO BE COMPLETED FIVE (5) BUSINESS DAYS AFTER
THE SAME SHALL HAVE BEEN SO DEPOSITED IN THE U.S. MAILS POSTAGE PREPAID. NOTHING
CONTAINED HEREIN SHALL AFFECT THE RIGHT OF THE Collateral AGENT OR THE LENDERS
TO SERVE LEGAL PROCESS BY ANY OTHER MANNER PERMITTED BY LAW.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200341">13.4
    </a><a NAME="_Toc496452964">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586146"><u>WAIVER
    OF JURY TRIAL</u></a>.&nbsp;&nbsp;&nbsp; TO THE EXTENT
PERMITTED UNDER APPLICABLE LAW, THE BORROWERS, THE LENDERS AND THE COLLATERAL</font></p>


<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-76-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">AGENT EACH IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY
CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS
AGREEMENT, THE OTHER LOAN DOCUMENTS, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY
ANY OF THE PARTIES AGAINST ANY OTHER PARTY OR ANY <a NAME="_Toc430586147">AGENT-RELATED
PERSON, PARTICIPANT OR ASSIGNEE, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT
CLAIMS, OR OTHERWISE. TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, THE
BORROWERS, THE LENDERS AND THE Collateral AGENT EACH AGREE THAT ANY SUCH CLAIM
OR CAUSE OF ACTION SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT
LIMITING THE FOREGOING, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, THE
PARTIES FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED
BY OPERATION OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING
WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF
THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS OR ANY PROVISION HEREOF OR THEREOF.
THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR
MODIFICATIONS TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS.</a></font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200342">13.5
    </a><a NAME="_Toc496452965">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586148"><u>Survival
    of Representations and Warranties</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All of the Borrowers&#146;
representations and warranties contained in this Agreement shall survive the
execution, delivery, and acceptance thereof by the parties, notwithstanding any
investigation by the Collateral Agent or the Lenders or their respective agents.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200343">13.6
    </a><a NAME="_Toc496452966">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586149"><u>Other
    Security and Guaranties</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Collateral Agent,
may, without notice or demand and without affecting any Borrower&#146;s obligations
hereunder, from time to time: (a) take from any Person and hold collateral
(other than the Collateral) for the payment of all or any part of the
Obligations and exchange, enforce or release such collateral or any part
thereof; and (b) accept and hold any endorsement or guaranty of payment of all
or any part of the Obligations and release or substitute any such endorser or
guarantor, or any Person who has given any Lien in any other collateral as
security for the payment of all or any part of the Obligations, or any other
Person in any way obligated to pay all or any part of the Obligations.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200344">13.7
    </a><a NAME="_Toc496452967">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586150"><u>Fees
    and Expenses</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Borrowers agree
to pay to each Agent, for its benefit, on demand, all reasonable costs and
expenses that such Agent pays or incurs in connection with the negotiation,
preparation, syndication, consummation, administration, enforcement, and
termination of this Agreement or any of the other Loan Documents, including: (a)
Attorney Costs; (b)&nbsp;all reasonable costs and expenses (including reasonable
and actual attorneys&#146; and paralegals&#146; fees and disbursements) for any
amendment, supplement, waiver, consent, or subsequent closing in connection with
the Loan Documents and the transactions contemplated thereby; (c)&nbsp;costs and
expenses of lien and title searches and title insurance; (d)&nbsp;taxes, fees
and other charges for recording the Mortgages, filing financing statements and
continuations, noting the Agent&#146;s Liens on certificates of title, and other
actions to perfect, protect, and continue the Agent&#146;s Liens (including costs
and expenses paid or incurred by each</font></p>


<p ALIGN="center" style="text-indent: 0">-77-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;Agent in connection with the consummation
of this Agreement); (e)&nbsp;sums paid or incurred to pay any amount or take any
action required of the Borrowers under the Loan Documents that the Borrowers
fail to pay or take; (f)&nbsp;costs of appraisals, inspections, and
verifications of the Collateral, including travel, lodging, and meals for
inspections of the Collateral and the Borrowers&#146; operations by the Collateral
Agent plus the Collateral Agent&#146;s charge of $750 per day (or portion thereof)
for each Person retained or employed by the Collateral Agent for field
examinations and audits and the preparation of reports thereof; and
(g)&nbsp;costs and expenses of forwarding loan proceeds, collecting checks and
other items of payment, and establishing and maintaining Payment Accounts and
lock boxes, and costs and <a NAME="_Toc430586151">expenses of preserving and
protecting the Collateral. In addition, the Borrowers agree to pay (i) on demand
to the Collateral Agent, for its benefit, all costs and expenses incurred by the
Collateral Agent (including Attorneys&#146; Costs), and (ii) to the Lenders (other
than CIT), on demand, all reasonable and actual fees, expenses and disbursements
incurred by such Lenders for one law firm retained by such Lenders, in each
case, paid or incurred to obtain payment of the Obligations, enforce the Agent&#146;s
Liens, sell or otherwise realize upon the Collateral, and otherwise enforce the
provisions of the Loan Documents, or to defend any claims made or threatened
against the Collateral Agent or any Lender arising out of the transactions
contemplated hereby (including preparations for and consultations concerning any
such matters). The foregoing shall not be construed to limit any other
provisions of the Loan Documents regarding costs and expenses to be paid by the
Borrowers. All of the foregoing costs and expenses shall be charged to the Loan
Account as Revolving Loans as described in <u>Section&nbsp;3.7</u>.</a></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200345">13.8
    </a><a NAME="_Toc496452968">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586152"><u>Notices</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as otherwise
provided herein, all notices, demands and requests that any party is required or
elects to give to any other shall be in writing, or by a telecommunications
device capable of creating a written record, and any such notice shall become
effective (a)&nbsp;upon personal delivery thereof, including, but not limited
to, delivery by overnight mail and courier service, (b)&nbsp;four (4) Business
Days after it shall have been mailed by United States mail, first class,
certified or registered, with postage prepaid, or (c)&nbsp;in the case of notice
by such a telecommunications device, when properly transmitted, in each case
addressed to the party to be notified as follows:</font></p>


<p ALIGN="JUSTIFY">&nbsp;</p>






<p ALIGN="JUSTIFY">&nbsp;</p>






<p ALIGN="center" style="text-indent: 0">-78-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY">&nbsp;</p>






<blockquote>
  <blockquote>
<p ALIGN="JUSTIFY">If to the Collateral
Agent:</p>






    <blockquote>
      <blockquote>






            <p ALIGN="LEFT"><font face="Times New Roman" size="2">The CIT
            Group/Business Credit, Inc.<br>
            1200 Ashwood
            Parkway, Suite 150<br>
            Atlanta,
            Georgia 30338<br>
            Attention:
            Regional Credit Manager<br>
            Telecopy No.:
            770-522-7673</font></p>
      </blockquote>
    </blockquote>






            <p ALIGN="LEFT">with copies
            to:</p>
    <blockquote>
      <blockquote>
            <p ALIGN="LEFT"><font face="Times New Roman" size="2">The CIT
            Group/Commercial Services, Inc.<br>
            1211 Avenue of
            the Americas<br>
            New York, New
            York 10036<br>
            Attention:
            James Heed<br>
            Telecopy No.:
            212-536-1328</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
            <p ALIGN="LEFT">&nbsp;</p>






<blockquote>
  <blockquote>






<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">If to the
Administrative Agent or Syndication Agent:</font></p>






    <blockquote>
      <blockquote>






            <p ALIGN="LEFT"><font face="Times New Roman" size="2">Bank of
            America, N.A.<br>
            600 Peachtree
            Street, 5<sup>th</sup> Floor<br>
            Atlanta, GA
            30308<br>
            Attention:
            Business Credit-Account Executive<br>
            Telecopy No.:
            404-607-6437</font></p>
      </blockquote>
    </blockquote>
            <p ALIGN="LEFT"><font face="Times New Roman" size="2">with copies
            to:</font></p>
    <blockquote>
      <blockquote>
            <p><font face="Times New Roman" size="2">Troutman
            Sanders LLP<br>
            600 Peachtree
            Street, 52nd Floor<br>
            Atlanta, GA
            30308<br>
            Attention:
            Michael Leveille<br>
            Telecopy No.:
            404-962-6615</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
            <p ALIGN="LEFT">&nbsp;</p>






<blockquote>
  <blockquote>






<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">If to the Borrowers or
the Borrowers&#146; Agent:</font></p>






    <blockquote>
      <blockquote>






            <p ALIGN="LEFT"><font face="Times New Roman" size="2">Miller
            Industries, Inc.<br>
            8503
            Hilltop Drive<br>
            Ooltewah,
            TN 37363<br>
            Attention:
            Chief Financial Officer<br>
            Telecopy No.:
            423-238-6874</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-79-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<blockquote>
  <blockquote>
            <p ALIGN="LEFT">with copies
            to:</p>
    <blockquote>
      <blockquote>
            <p ALIGN="LEFT">c/o Kilpatrick
            Stockton LLP<br>
            1100 Peachtree
            Street<br>
            Atlanta, GA
            30309<br>
            Attention:
            General Counsel<br>
            Telecopy
            No.: 404-815-6555</p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>


</font>






<p ALIGN="JUSTIFY">&nbsp;</p>






<blockquote>






<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">If to a Lender:</font></p>






  <blockquote>
    <blockquote>






            <p ALIGN="LEFT"><font face="Times New Roman" size="2">To the address
            of such Lender set forth on the signature page hereto or on the
            Assignment and Acceptance for such Lender, as applicable</font></p>
    </blockquote>
  </blockquote>
</blockquote>
            <p ALIGN="LEFT">&nbsp;</p>






<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">or to such other
address as each party may designate for itself by like notice. Failure or delay
in delivering copies of any notice, demand, request, consent, approval,
declaration or other communication to the persons designated above to receive
copies shall not adversely affect the effectiveness of such notice, demand,
request, consent, approval, declaration or other communication.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200346">13.9
    </a><a NAME="_Toc496452969">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586153"><u>Waiver&nbsp;of&nbsp;Notices</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unless otherwise
expressly provided herein, each Borrower waives presentment, and notice of
demand or dishonor and protest as to any instrument, notice of intent to
accelerate the Obligations and notice of acceleration of the Obligations, as
well as any and all other notices to which it might otherwise be entitled. No
notice to or demand on any Borrower which the Collateral Agent or any Lender may
elect to give shall entitle any Borrower to any or further notice or demand in
the same, similar or other circumstances.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200347">13.10
    </a><a NAME="_Toc496452970">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586154"><u>Bin</u>ding
    Effect</a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The provisions of
this Agreement shall be binding upon and inure to the benefit of the respective
representatives, successors, and assigns of the parties hereto; provided, however, that no interest herein may be assigned by any Borrower without
prior written consent of the Collateral Agent and each Lender. The rights and
benefits of the Collateral Agent and the Lenders hereunder shall, if such
Persons so agree, inure to any party acquiring any interest in the Obligations
or any part thereof.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200348">13.11
    </a><a NAME="_Toc487864680">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452971">Indemnity
    of the Agents and the Lenders by the Borrower</a>s.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the fullest
extent permitted by law, the Borrowers agree to defend, indemnify and hold the
Agent-Related Persons, and each Lender, their parents, Affiliates and
Subsidiaries and all of their respective officers, directors, employees,
counsel, representatives, successors, agents and attorneys-in-fact (each, an
&quot;<u>Indemnified Person</u>&quot;) harmless from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, charges, expenses and disbursements (including Attorney Costs) of any
kind or nature whatsoever which may at any time (including at any time following
repayment of the Loans and the termination, resignation or replacement of the
Collateral Agent or replacement of any Lender) be imposed on, incurred by or
asserted against any such Indemnified Person in any way relating to or arising
out of this Agreement or any document contemplated by or referred to herein, or
the</font></p>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-80-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">transactions contemplated hereby, or any action taken or omitted by any such
Person under or in connection with any of the foregoing, including with respect
to any investigation, litigation or proceeding (including any Insolvency
Proceeding or appellate proceeding) related to or arising out of this Agreement,
any other Loan Document, or the Loans or the use of the proceeds thereof,
whether or not any Indemnified Person is a party thereto (all the foregoing,
collectively, the &quot;<u>Indemnified Liabilities</u>&quot;); <u>provided</u>,
that the Borrowers shall have no obligation hereunder to any Indemnified Person
with respect to Indemnified Liabilities to the extent resulting from the gross
negligence or willful misconduct of such Indemnified Person. The agreements in
this Section shall survive payment of all other Obligations.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the fullest
extent permitted by law, the Borrowers agree to indemnify, defend and hold
harmless each Indemnified Person from any claim, demand, damages, penalties,
fines, costs (including without limitation reasonable and actual attorneys&#146;
fees and expenses), loss or other liability, of any type whatsoever
(collectively, &quot;Damages&quot;) imposed on, incurred by or asserted against
any Indemnified Person, directly or indirectly, arising out of (i) the use,
generation, manufacture, production, storage, Release, threatened Release,
discharge, disposal or presence of any Contaminant relating to any Borrower&#146;s
operations, business or property, or (ii) any Damages arising from or related to
any non-compliance or alleged non-compliance with any Environmental Laws with
respect to any Borrower or Borrower&#146;s operations, business or Property; <u>provided</u>,
<u>however</u>, that such indemnity shall not apply to any Damages to the extent
resulting from the willful misconduct of any Indemnified Person. This indemnity
shall apply whether the Contaminant is on, under or about, or migrated from or
originated at any Borrower&#146;s property or operations or property leased to any
Borrower, provided, that the Borrowers shall have no obligation hereunder to any
indemnify any Person with respect to any loss or liability to the extent
resulting from the gross negligence or willful misconduct of such Person.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2"><a NAME="_Toc520200349">13.12
    </a><a NAME="_Toc487864681">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452972"><u>Limitation of
    Liability</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NO CLAIM MAY BE MADE
BY ANY BORROWER, ANY LENDER OR OTHER PERSON AGAINST ANY AGENT, ANY LENDER, OR
THE AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, COUNSEL, REPRESENTATIVES, AGENTS
OR ATTORNEYS-IN-FACT OF ANY OF THEM FOR ANY SPECIAL, INDIRECT, CONSEQUENTIAL OR
PUNITIVE DAMAGES IN RESPECT OF ANY CLAIM FOR BREACH OF CONTRACT OR ANY OTHER
THEORY OF LIABILITY ARISING OUT OF OR RELATED TO THE TRANSACTIONS CONTEMPLATED
BY THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR ANY ACT, OMISSION OR EVENT
OCCURRING IN CONNECTION THEREWITH, AND EACH BORROWER AND EACH LENDER HEREBY
WAIVE, RELEASE AND AGREE NOT TO SUE UPON ANY CLAIM FOR SUCH DAMAGES, WHETHER OR
NOT ACCRUED AND WHETHER OR NOT KNOWN OR SUSPECTED TO EXIST IN ITS FAVOR.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2"><a NAME="_Toc520200350">13.13
    </a><a NAME="_Toc496452973">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586156">Final<u>
    Agreement</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement and
the other Loan Documents are intended by the Borrowers, the Agents and the
Lenders to be the final, complete, and exclusive expression of the agreement
between them. This Agreement supersedes any and all prior oral or written
agreements relating to the subject matter hereof, except for the Fee Letter. No
modification, rescission, waiver, release, or amendment of any</font></p>


<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-81-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>


    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">provision of this
Agreement or any other Loan Document shall be made, except by a written
agreement signed by the Borrowers and a duly authorized officer of each of the
Collateral Agent and the requisite Lenders.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200351">13.14
    </a><a NAME="_Toc496452974">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586157"><u>Counterparts</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Agreement may be
executed in any number of counterparts, and by the Agents, each Lender and the
Borrowers in separate counterparts, each of which shall be an original, but all
of which shall together constitute one and the same agreement; signature pages
may be detached from multiple separate counterparts and attached to a single
counterpart so that all signature pages are physically attached to the same
document.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200352">13.15
    </a><a NAME="_Toc496452975">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586158"><u>Captions</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The captions
contained in this Agreement are for convenience of reference only, are without
substantive meaning and should not be construed to modify, enlarge, or restrict
any provision.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200353">13.16
    </a><a NAME="_Toc496452976">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430586159"><u>Right
    of Setoff</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition to any
rights and remedies of the Lenders provided by law, if an Event of Default
exists or the Loans have been accelerated, each Lender is authorized at any time
and from time to time, without prior notice to any Borrower, any such notice
being waived by the Borrowers to the fullest extent permitted by law, to set off
and apply any and all deposits (general or special, time or demand, provisional
or final) at any time held by, and other indebtedness at any time owing by, such
Lender or any Affiliate of such Lender to or for the credit or the account of
any Borrower against any and all Obligations owing to such Lender, now or
hereafter existing, irrespective of whether or not the Collateral Agent or such
Lender shall have made demand under this Agreement or any Loan Document and
although such Obligations may be contingent or unmatured. Each Lender agrees
promptly to notify the Borrowers&#146; Agent and the Collateral Agent after any
such set-off and application made by such Lender; <u>provided</u>, <u>however</u>,
that the failure to give such notice shall not affect the validity of such
set-off and application. NOTWITHSTANDING THE FOREGOING, NO LENDER SHALL EXERCISE
ANY RIGHT OF SET-OFF, BANKER&#146;S LIEN, OR THE LIKE AGAINST ANY DEPOSIT ACCOUNT
OR PROPERTY OF ANY BORROWER HELD OR MAINTAINED BY SUCH LENDER WITHOUT THE PRIOR
WRITTEN UNANIMOUS CONSENT OF THE LENDERS.</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520200354">13.17
    </a><a NAME="_Toc487864686">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc496452977"><u>Confidentiality</u></a>.</font></p>


<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers
hereby agree that the Agents and each Lender may prepare and disseminate
&quot;tombstone&quot; and other similar advertising and promotional materials
describing the credit accommodation entered into pursuant to this Agreement,
including the names and addresses of the Borrowers, the amount of the credit
facilities hereunder, and a general description of the Borrowers&#146; business.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Lender
severally agrees to take normal and reasonable precautions and exercise due care
to maintain the confidentiality of all information identified as
&quot;confidential&quot; or &quot;secret&quot; by the Borrowers and provided to
the Collateral Agent or such Lender by or on behalf of the Borrowers, under this
Agreement or any other Loan Document, except to the extent that such information
(i) was or becomes generally available to the public other than as a result of
disclosure by the Collateral Agent or such Lender, or (ii) was or becomes
available on a nonconfidential basis from a source other than the Borrowers,
provided that such source is not</font></p>


<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-82-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">bound by a confidentiality agreement with the
Borrowers known to the Collateral Agent or such Lender; <u>provided</u>, <u>however</u>,
that the Collateral Agent and any Lender may disclose such information (1) at
the request or pursuant to any requirement of any Governmental Authority to
which the Collateral Agent or such Lender is subject or in connection with an
examination of the Collateral Agent or such Lender by any such Governmental
Authority; (2) upon prior notice to the Borrowers&#146; Agent (unless otherwise
prohibited by any such subpoena or court process), pursuant to subpoena or other
court process; (3) when required to do so in accordance with the provisions of
any applicable Requirement of Law; (4) to the extent reasonably required in
connection with any litigation or proceeding (including, but not limited to, any
bankruptcy proceeding) to which the Collateral Agent, any Lender or their
respective Affiliates may be party; (5) to the extent reasonably required in
connection with the exercise of any remedy hereunder or under any other Loan
Document; (6) to the extent necessary in such Lender&#146;s judgment, to the
Collateral Agent&#146;s or such Lender&#146;s independent auditors, accountants,
attorneys and other professional advisors, provided that such independent
auditors, accountants, attorneys and other professional advisors agree to keep
such information confidential to the same extent required of the Collateral
Agent and the Lenders hereunder; (7) to any prospective Participant or Assignee
under any Assignment and Acceptance, actual or potential, provided that such
prospective Participant or Assignee agrees to keep such information confidential
to the same extent required of the Collateral Agent and the Lenders hereunder;
(8) as expressly permitted under the terms of any other document or agreement
regarding confidentiality to which any Borrower is party or is deemed party with
the Collateral Agent or such Lender, and (9) to its Affiliates, provided that
such Lender shall cause any such Affiliate to keep such information confidential
to the same extent required of such Lender hereunder.</font></p>


    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"><a NAME="_Toc520200355">13.18&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </a><a NAME="_Toc496452978"><u>Conflicts with Other Loan Documents</u></a>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unless otherwise
expressly provided in this Agreement (or in another Loan Document by specific
reference to the applicable provision contained in this Agreement), if any
provision contained in this Agreement conflicts with any provision of any other
Loan Document, the provision contained in this Agreement shall govern and
control.</font></p>


<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">(Signatures Begin On
Next Page)</font></p>
<font face="Times New Roman" size="2">


<p ALIGN="center" style="text-indent: 0">-83-</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


</font>

<p ALIGN="left">&nbsp;</p>
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">IN WITNESS WHEREOF, the
parties have entered into this Agreement on the date first above written.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><b>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">&quot;PARENT&quot;</font></p>

</font>

      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Miller
      Industries, Inc.</font></p>
      </b>
    <font face="Times New Roman" size="2">
      <p ALIGN="LEFT">&nbsp;</p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:&nbsp;&nbsp;&nbsp;/s/
      Frank Madonia


      <hr size="1" color="#000000" align="right" width="95%">



      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Frank Madonia&nbsp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice
        President</font>
        <p ALIGN="LEFT">&nbsp;</font>


  </td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">&quot;SUBSIDIARY
      MILLER BORROWERS&quot;</font></p>

        <p ALIGN="LEFT"><font face="Times New Roman" size="2">APACO, INC.<br>
        B&amp;B ASSOCIATED
        INDUSTRIES, INC.<br>
        CHEVRON, INC.<br>
        CENTURY HOLDINGS,
        INC.<br>
        CHAMPION CARRIER
      CORPORATION COMPETITION WHEELIFT, INC.<br>
        GOLDEN WEST TOWING
        EQUIPMENT INC.<br>
        KING AUTOMOTIVE
        &amp; INDUSTRIAL EQUIPMENT, INC.<br>
        MID AMERICA
        WRECKER &amp; EQUIPMENT SALES, INC. OF<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COLORADO<br>
        MILLER FINANCIAL
        SERVICES GROUP, INC.<br>
        MILLER/GREENEVILLE,
        INC.<br>
        MILLER INDUSTRIES
        DISTRIBUTING, INC.<br>
        MILLER INDUSTRIES
        INTERNATIONAL, INC.<br>
        MILLER INDUSTRIES
        TOWING EQUIPMENT INC.<br>
        PURPOSE, INC.<br>
        SONOMA CIRCUITS,
        INC.<br>
        SOUTHERN WRECKER
        CENTER, INC.<br>
        SOUTHERN WRECKER
        SALES, INC.</font></p>
      </b>
      <font face="Times New Roman" size="2">
      <p ALIGN="LEFT">By:&nbsp;&nbsp;&nbsp;/s/
      Frank Madonia


      <hr size="1" color="#000000" align="right" width="95%">



      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;



        Frank Madonia&nbsp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attorney-in-Fact
          of each entity listed above</font>
          <p ALIGN="LEFT">&nbsp;


    </td>
  </tr>
</table>
<p ALIGN="LEFT">&nbsp;</p>
<hr color="#000080">
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>


<p ALIGN="LEFT">&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="47%" VALIGN="TOP">
      <p ALIGN="LEFT">&nbsp;</p>
      <p ALIGN="LEFT">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">&quot;SUBSIDIARY
      ROADONE BORROWERS&quot;</font></p>
      </b>
      <p ALIGN="LEFT">&nbsp;</p>

        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">ACKERMAN WRECKER
        SERVICE, INC.<br>
        A-EXCELLENCE
        TOWING CO.<br>
        ALL AMERICAN
        TOWING SERVICES, INC.<br>
        ALLIED GARDENS
        TOWING, INC.<br>
        ALLIED TOWING AND
        RECOVERY, INC.<br>
        ALTAMONTE TOWING,
        INC.<br>
        ANDERSON TOWING
        SERVICE, INC.<br>
        ARROW WRECKER
        SERVICE, INC.<br>
        A TO Z
        ENTERPRISES, INC.<br>
        B-G TOWING, INC.<br>
        BEAR
        TRANSPORTATION, INC.<br>
        BEATY TOWING &amp;
        RECOVERY, INC.<br>
        BERT'S TOWING
        RECOVERY CORPORATION<br>
        BOB BOLIN
        SERVICES, INC.<br>
        BOB'S AUTO
        SERVICE, INC.<br>
        BOB VINCENT AND
        SONS WRECKER SERVICE, INC.<br>
        BOULEVARD &amp;
        TRUMBULL TOWING, INC.<br>
        BREWER'S, INC.<br>
        BRYRICH
        CORPORATION<br>
        C&amp;L TOWING
        SERVICES, INC.<br>
        CAL WEST TOWING,
        INC.<br>
        CARDINAL CENTRE
        ENTERPRISES, INC.<br>
        CEDAR BLUFF 24
        HOUR TOWING, INC.<br>
        CENTRAL VALLEY
        TOWING, INC.<br>
        CHAD'S, INC.<br>
        CHICAGO METRO
        SERVICES, INC.<br>
        CLARENCE CORNISH
        AUTOMOTIVE SERVICE, INC.<br>
        CLEVELAND VEHICLE
        DETENTION CENTER, INC.<br>
        COFFEY&#146;S TOWING,
        INC.<br>
        COLEMAN&#146;S TOWING
        &amp; RECOVERY, INC.<br>
        D.A. HANELINE,
        INC.<br>
        DVREX, INC.<br>
        DICK'S TOWING
        &amp; ROAD SERVICE, INC.<br>
        DOLLAR
        ENTERPRISES, INC.<br>
        DON'S TOWING, INC.<br>
        </font></b>
</td></tr></table>
<P>&nbsp;</P>
<hr size="4" color="#000080" align="center">
<P>&nbsp;</P>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="47%" VALIGN="TOP">
      <p ALIGN="LEFT">&nbsp;</p>
      <p ALIGN="LEFT">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><b>
      </b>

        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">
        DUGGER&#146;S
        SERVICES, INC.<br>
        DUN-RITE TOWING
        INC.<br>
        DURU, INC.<br>
        E.B.T., INC.<br>
        EXPORT
        ENTERPRISES, INC.<br>
        GARY&#146;S TOWING
        &amp; SALVAGE POOL, INC.<br>
        GOOD MECHANIC AUTO
        CO. OF RICHFIELD, INC.<br>
        GREAT AMERICA
        TOWING, INC.<br>
        GREG'S TOWING,
        INC.<br>
        H&amp;H TOWING
        ENTERPRISES, INC.<br>
        HALL'S TOWING
        SERVICE, INC.<br>
        HENDRICKSON
        TOWING, INC.<br>
        H.M.R.
        ENTERPRISES, INC.<br>
        </font><font face="Times New Roman" size="2">INTERSTATE TOWING
        &amp; RECOVERY, INC.<br>
        KAUFF'S, INC.<br>
        KAUFF&#146;S OF FT.
        PIERCE, INC.<br>
        KAUFF&#146;S OF
        MIAMI, INC.<br>
        KAUFFS OF PALM
        BEACH, INC.<br>
        KEN'S TOWING, INC.<br>
        LAZER TOW
        SERVICES, INC.<br>
        LEVESQUE'S AUTO
        SERVICE, INC.<br>
        LWKR, INC.<br>
        LINCOLN TOWING
        ENTERPRISES, INC.<br>
        M&amp;M TOWING AND
        RECOVERY, INC.<br>
        MAEJO, INC.<br>
        MEL'S ACQUISITION
        CORP.<br>
        MERL'S TOWING
        SERVICE, INC.<br>
        MIKE'S WRECKER
        SERVICE, INC.<br>
        MOORE'S SERVICE
        &amp; TOWING, INC.<br>
        MOORE'S TOWING
        SERVICE, INC.<br>
        MOSTELLER&#146;S
        GARAGE, INC.<br>
        MURPHY'S TOWING,
        INC.<br>
        OFFICIAL TOWING,
        INC.<br>
        O'HARE TRUCK
        SERVICE, INC.<br>
        P.A.T., INC.<br>
        PIPES ENTERPRISES,
        INC.<br>
        PRO-TOW, INC.<br>
        PULLEN'S TRUCK
        CENTER, INC.<br>
        RAR ENTERPRISES,
        INC.<br>
        RANDY'S HIGH
        COUNTRY TOWING, INC.<br>
        RAY HARRIS, INC.<br>
        </font></b>
</td></tr></table>
<P>&nbsp;</P>
<hr size="4" color="#000080">
<P>&nbsp;</P>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="47%" VALIGN="TOP">
      <p ALIGN="LEFT">&nbsp;</p>
      <p ALIGN="LEFT">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><b>

      </b>
      <p ALIGN="LEFT">&nbsp;</p>

        <b>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">

        RMA ACQUISITION
        CORP.<br>
        RRIC ACQUISITION
        CORP.<br>
        RAY&#146;S TOWING,
        INC.<br>
        RECOVERY SERVICES,
        INC.<br>
        RTIEX, INC.<br>
        RBEX INC.<br>
        ROAD ONE, INC.<br>
        ROADONE EMPLOYEE
        SERVICES, INC.<br>
        ROAD ONE INSURANCE
        SERVICES, INC.<br>
        ROAD ONE SERVICE,
        INC.<br>
        ROADONE
        SPECIALIZED TRANSPORTATION, INC.<br>
        ROADONE
        TRANSPORTATION AND LOGISTICS, INC.<br>
        R.M.W.S., INC.<br>
        SANDY'S AUTO &amp;
        TRUCK SERVICE, INC.<br>
        SAKSTRUP TOWING,
        INC.<br>
        SOUTHWEST
        TRANSPORT, INC.<br>
        SPEED'S
        AUTOMOTIVE, INC.<br>
        SPEED'S RENTALS,
        INC.<br>
        SROGA'S AUTOMOTIVE
        SERVICES, INC.<br>
        SUBURBAN WRECKER
        SERVICE, INC.<br>
        TEAM TOWING AND
        RECOVERY, INC.<br>
        TED'S OF FAYVILLE,
        INC.<br>
        TEXAS TOWING
        CORPORATION<br>
        THOMPSON'S WRECKER
        SERVICE, INC.<br>
        TOW PRO CUSTOM
        TOWING &amp; HAULING, INC.<br>
        TREASURE COAST
        TOWING, INC.<br>
        TREASURE COAST
        TOWING OF MARTIN COUNTY,<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INC.<br>
        TRUCK SALES &amp;
        SALVAGE CO., INC.<br>
        WALKER TOWING,
        INC.<br>
        WES'S SERVICE
        INCORPORATED<br>
        WESTERN TOWING;
        MCCLURE/EARLEY<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ENTERPRISES, INC.<br>
        WHITEY&#146;S TOWING,
        INC.<br>
        WILTSE TOWING,
        INC.</font></p>

      </b>

        </td></tr>
        </table>
        <P>&nbsp;</P>
<hr size="4" color="#000080">
        <P>&nbsp;</P>
        <table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="47%" VALIGN="TOP">
      <p ALIGN="LEFT">&nbsp;</p>
      <p ALIGN="LEFT">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><b>

        <p ALIGN="LEFT">&nbsp;</p>
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">ZEBRA TOWING, INC.<br>
        ZEHNER TOWING
        &amp; RECOVERY, INC.</font></p>
        </b>
        <p ALIGN="LEFT">&nbsp;</p>

      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
      Frank Madonia&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>
      <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Frank Madonia<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attorney-in-Fact of each entity listed above</font>


      </p>


    </td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">&quot;ADMINISTRATIVE
      AGENT,<br>
      SYNDICATION AGENT AND EXISTING<br>
      TITLED COLLATERAL AGENT&quot;</font></p>
      </b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">BANK OF AMERICA, N.A.,
      as the<br>
      Administrative Agent, Syndication Agent and<br>
      Existing Titled
      Collateral Agent</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
      Kevin M.
      Moore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Name:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kevin M.
      Moore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Title:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior
      V.P.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font><u></p>
      </u>
      </td>
  </tr>
  </table>
  <p>&nbsp;</p>
<hr color="#000080" align="right" size="4">
  <p>&nbsp;</p>
  <table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="47%" VALIGN="TOP">
      <p ALIGN="LEFT">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><b>

  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">&quot;LETTER OF CREDIT ISSUER&quot;</font></p>
      </b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">BANK OF AMERICA, N.A.,
      as the Letter of<br>
      Credit Issuer</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
      Kevin M.
      Moore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Name:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kevin M.
      Moore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Title:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior
      V.P.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP">&nbsp;
      <p>&nbsp;</p>
    </td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">&quot;COLLATERAL
      AGENT&quot;</font></p>
      </b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">THE CIT
      GROUP/BUSINESS CREDIT, INC., as<br>
 the Collateral Agent</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
      Arthur R. Cordwell,
      Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Name:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arthur R. Cordwell,
      Jr.&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Title:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;V.P.
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP">
      <p ALIGN="LEFT">&nbsp;</p>
      <p ALIGN="LEFT">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP">
      <p ALIGN="LEFT">&nbsp;</p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Address:</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">600 Peachtree
      Street, 5<sup>th</sup> Floor<br>
      Atlanta, GA 30308<br>
      Attn: Business
      Credit - Account Executive<br>
      Telecopy No:
      404-607-6437</font></p>
    </td>
    <td WIDTH="53%" VALIGN="TOP"><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">&quot;LENDERS&quot;</font></p>
      </b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">BANK OF AMERICA, N.A.,
      as a Lender</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
      Kevin M.
      Moore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Name:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kevin M.
      Moore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Title:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior
      V.P.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP">
      <p ALIGN="LEFT">&nbsp;</p>
      <u>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;</font></u></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2"><br>
      Address:</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">1200 Ashwood
      Parkway, Suite 150<br>
      Atlanta, GA 30338<br>
      Attn: Regional
      Credit Manager<br>
      Telecopy No:
      770-522-7673</font></p>
    </td>
    <td WIDTH="53%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">THE CIT
      GROUP/BUSINESS CREDIT, INC.,<br>
      as a Lender</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
      Arthur R. Cordwell,
      Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Name:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arthur R. Cordwell,
      Jr.&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Title:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      V.P.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></p>
      <p ALIGN="LEFT">&nbsp;</td>
  </tr>
  </TABLE>
  <p>&nbsp;</p>
<hr color="#000080" align="right" size="4">
  <p>&nbsp;</p>
  <table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">

  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2"><br>
      Address:</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">300 Galleria
      Parkway, Suite 800<br>
      Atlanta, GA 30339<br>
      Attn: Wesley Manus<br>
      Telecopy No:
      770-857-2947</font></p>
    </td>
    <td WIDTH="53%" VALIGN="TOP">
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">FLEET CAPITAL
      CORPORATION, as a Lender</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
      Wes
      Manus&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Name:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Wes
      Manus&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Title:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vice
      President
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
  </tr>
</table>
<b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<hr color="#000080" align="right" size="4">
<p ALIGN="left">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">ANNEX
A<br>
to<br>
</font><u><font face="Times New Roman" size="2">Credit Agreement</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">Definitions</font></p>
</u></b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">Capitalized terms used
in the Loan Documents shall have the following respective meanings (unless
otherwise defined therein), and all section references in the following
definitions shall refer to sections of the Agreement:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Accounts</u>&quot;
means, as to any Borrower or Designated Subsidiary, all of such Borrower&#146;s (or
Designated Subsidiary&#146;s) now owned or hereafter acquired or arising accounts,
as defined in the UCC, including any rights to payment for the sale or lease of
goods or rendition of services, whether or not they have been earned by
performance.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Account Debtor</u>&quot;
means each Person obligated in any way on or in connection with an Account.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>ACH
Transactions</u>&quot; means any cash management or related services including
the automatic clearing house transfer of funds by Bank of America for the
account of the Borrowers pursuant to agreement or overdrafts.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Adjusted Net
Earnings from Operations</u>&quot; means, with respect to any fiscal period of
the Consolidated Parties, the Consolidated Parties&#146; net income after provision
for income taxes for such fiscal period, as determined in accordance with GAAP
and reported on the Financial Statements for such period, excluding any and all
of the following included in such net income: (a) gain or loss arising from the
sale of any capital assets (provided, that, up to $891,000 in the aggregate of
gain from capital asset sales that occurred during the Fiscal Year ended April
30, 2001 shall be included in net income for the fiscal periods ending on April
30, 2001, July 31, 2001, October 31, 2001 and January 31, 2002 to the extent
such asset sales occurred during such fiscal periods); (b) gain arising from any
write-up in the book value of any asset; (c) earnings of any Person,
substantially all the assets of which have been acquired by a Consolidated Party
in any manner, to the extent realized by such other Person prior to the date of
acquisition; (d) earnings of any Person (other than a Consolidated Party) in
which a Consolidated Party has an ownership interest unless (and only to the
extent) such earnings shall actually have been received by such Consolidated
Party in the form of cash distributions; (e) earnings of any Person to which
assets of a Consolidated Party shall have been sold, transferred or disposed of,
or into which a Consolidated Party shall have been merged, or which has been a
party with a Consolidated Party to any consolidation or other form of
reorganization, prior to the date of such transaction; (f) gain arising from the
acquisition of debt or equity securities of a Consolidated Party or from
cancellation or forgiveness of Debt; and (g) gain and non-cash losses arising
from extraordinary items, as determined in accordance with GAAP, or from any
other non-recurring transaction.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Administrative
Agent</u>&quot; means Bank of America, solely in its capacity as administrative
agent.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-1</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Affiliate</u>&quot;
means, as to any Person, any other Person which, directly or indirectly, is in
control of, is controlled by, or is under common control with, such Person or
which owns, directly or indirectly, ten percent (10%) or more of the outstanding
equity interest of such Person. A Person shall be deemed to control another
Person if the controlling Person possesses, directly or indirectly, the power to
direct or cause the direction of the management and policies of the other
Person, whether through the ownership of voting securities, by contract, or
otherwise.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Agent Advances</u>&quot;
has the meaning specified in <u>Section&nbsp;1.2(i)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Agent&#146;s
Liens</u>&quot; means the Liens in the Collateral granted to the Collateral
Agent (and the existing Titled Collateral Agent), for the benefit of the Agents,
the Letter of Credit Issuer and the Lenders pursuant to this Agreement and the
other Loan Documents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Agent-Related
Persons</u>&quot; means the Agents, together with their Affiliates, and the
officers, directors, employees, counsel, representatives, agents and
attorneys-in-fact of the Agents and such Affiliates.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Agents</u>&quot;
means the Administrative Agent, the Existing Titled Collateral Agent, the
Collateral Agent and the Syndication Agent, collectively, and &quot;<u>Agent</u>&quot;
means any such party, individually.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Aggregate
Miller Revolver Outstandings</u>&quot; means, at any date of determination
without duplication: the sum of (a) the unpaid balance of Revolving Loans made
to the Miller Borrowers, (b) the aggregate amount of Pending Revolving Loans
requested by the Miller Borrowers, (c) one hundred percent (100%) of the
aggregate undrawn face amount of all outstanding Letters of Credit requested by
the Miller Borrowers, and (d) the aggregate amount of any unpaid reimbursement
obligations in respect of drawn Letters of Credit issued at the request of the
Miller Borrowers.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Aggregate
Revolver Outstandings</u>&quot; means, at any date of determination, without
duplication: the sum of (a) the unpaid balance of Revolving Loans, (b) the
aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of
the aggregate undrawn face amount of all outstanding Letters of Credit, and (d)
the aggregate amount of any unpaid reimbursement obligations in respect of drawn
Letters of Credit.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Aggregate
RoadOne Revolver Outstandings</u>&quot; means, at any date of determination,
without duplication: the sum of (a) the unpaid balance of Revolving Loans made
to the RoadOne Borrowers, (b) the aggregate amount of Pending Revolving Loans
requested by the RoadOne Borrowers, (c) one hundred percent (100%) of the
aggregate undrawn face amount of all outstanding Letters of Credit requested by
the RoadOne Borrowers, and (d) the aggregate amount of any unpaid reimbursement
obligations in respect of drawn Letters of Credit issued at the request of the
RoadOne Borrowers.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Agreement</u>&quot;
means the Credit Agreement to which this <u>Annex A</u> is attached, as from
time to time amended, modified or restated.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Anniversary
Date</u>&quot; means each anniversary of the Closing Date.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>






<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-2</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>






<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Applicable
Margin</u>&quot; means:</font></p>






<blockquote>
  <ol type="a">
    <li>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">with
            respect to Base Rate Revolving Loans and all other Obligations
            (other than Base Rate Term Loans and LIBOR Rate Loans), 0.75%;</font></li>
    <li>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">with
            respect to Base Rate Term Loans, 1.00%;</font></li>
    <li>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">with
            respect to LIBOR Revolving Loans, 2.75%; and</font></li>
    <li>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">with
            respect to LIBOR Term Loans, 3.00%.</font></li>
  </ol>
</blockquote>






<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Appraisal</u>&quot;
means an appraisal, prepared on a basis satisfactory to the Collateral Agent,
setting forth the Net Orderly Liquidation Value (and the orderly liquidation
value) of all of each Borrower&#146;s finished goods Inventory and Fleet Vehicles,
which appraisal shall be prepared in accordance with <u>Section 7.4(d)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Asset
Disposition</u>&quot; means any sale or other disposition of (a) less than all
of the assets of any RoadOne Borrower, so long as (i) the Net Proceeds therefrom
are at least equal to $100,000 or (ii) the assets sold or disposed of constitute
all or substantially all of the assets of any location operated by such RoadOne
Borrower, or (b) all of the assets, stock or property of any RoadOne Borrower
(in either case, provided such assets, stock or property involve the RoadOne
business), including through asset sales, stock sales, and mergers whereby the
applicable RoadOne Borrower is not the surviving corporation.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Asset
Disposition Expenses</u>&quot; means, in connection with any Asset Disposition,
(a) commissions and other reasonable and customary transaction costs, fees and
expenses properly attributable to such Asset Disposition and payable by the
Borrowers in connection therewith (in each case, paid to non-Affiliates),
(b)&nbsp;transfer taxes applicable to such Asset Disposition, (c)&nbsp;amounts
payable to holders of Liens senior to the Agent&#146;s Liens (to the extent such
Liens constitute Permitted Liens hereunder), if any, and (d)&nbsp;an appropriate
reserve for income taxes in accordance with GAAP in connection therewith.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Assignee</u>&quot;
has the meaning specified in <u>Section&nbsp;11.2(a)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Assignment and
Acceptance</u>&quot; has the meaning specified in <u>Section&nbsp;11.2(a)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Attorney Costs</u>&quot;
means and includes all actual and reasonable fees, expenses and disbursements of
one or more law firms or other counsel engaged by the Agents, including the
reasonably allocated costs and expenses of internal legal services of the
Agents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Availability</u>&quot;
means, at any time (a) the lesser of (i) the Maximum Revolver Amount or (ii) the
Borrowing Base, <u>minus</u> (b) Reserves other than Reserves deducted in the
calculation of the Borrowing Base.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Availability
Requirement</u>&quot; means (a) $10,000,000 at any time prior to one or more
sales of assets of the RoadOne Borrowers (other than sales or dispositions of
Fleet Vehicles in the ordinary course of business that are obsolete or no longer
used or useful in the RoadOne</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-3</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2"> Borrowers&#146; business, provided such Fleet
Vehicles are replaced with replacement Fleet Vehicles within 90 days after any
such sale or disposition) on or after the Closing Date with a Net Senior
Creditors Proceeds value, in the aggregate, greater than or equal to $35,976,338
and (b) $9,000,000 at any time thereafter.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Bank of
America</u>&quot; means Bank of America, N.A., a national banking association,
or any successor entity thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Bank Products</u>&quot;
means any one or more of the following types of services or facilities extended
to a Borrower by Bank of America or CIT, or any Affiliate of Bank of America or
CIT, in reliance on the agreement of Bank of America or CIT, as applicable, to
indemnify such Affiliate: (i) credit cards; (ii) ACH Transactions; (iii) cash
management, including controlled disbursement services; and (iv) Hedge
Agreements. &quot;Bank Products&quot; do not include floorplanning arrangements
and vehicle repurchase obligations.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Bank Product
Reserves</u>&quot; means all reserves which the Collateral Agent from time to
time establishes in its reasonable discretion for the Bank Products consisting
of Hedge Agreements and credit cards then provided or outstanding.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Bankruptcy
Code</u>&quot; means Title 11 of the United States Code (11 U.S.C. &sec;&nbsp;101 <u>et</u>
<u>seq.</u>).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Base Rate</u>&quot;
means the rate of interest per annum announced by The Chase Manhattan Bank from
time to time as its prime rate in effect at its principal office in New York
City. (The prime rate is not intended to be the lowest rate of interest charged
by The Chase Manhattan Bank to its borrowers).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Base Rate
Loans</u>&quot; means, collectively, the Base Rate Revolving Loans and the Base
Rate Term Loans.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Base Rate
Revolving Loan</u>&quot; means a Revolving Loan during any period in which it
bears interest based on the Base Rate.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Base Rate Term
Loan</u>&quot; means any portion of a Term Loan during any period in which such
portion bears interest based on the Base Rate.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Blocked
Account Agreement</u>&quot; means an agreement among one or more of the
Borrowers, the Collateral Agent and a Clearing Bank, in form and substance
reasonably satisfactory to the Collateral Agent, concerning the collection of
payments which represent the proceeds of Accounts or of any other Collateral.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Borrowers&#146;
Agent</u>&quot; means Parent, in its capacity as agent for itself and the other
Borrowers pursuant to <u>Section 3.11</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Borrowing</u>&quot;
means a borrowing hereunder consisting of Revolving Loans or Term Loans made on
the same day by the Lenders to the Borrowers or by CIT in the case of a</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-4</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">
Borrowing funded by Non-Ratable Loans or by the Collateral Agent in the case of
a Borrowing consisting of an Agent Advance, or the issuance of Letters of Credit
hereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Borrowing Base</u>&quot;
means, collectively, the Miller Borrowing Base and the RoadOne Borrowing Base.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Borrowing Base
Certificate</u>&quot; means a certificate by a Responsible Officer of the
Borrowers&#146; Agent, substantially in the form of <u>Exhibit&nbsp;A</u> (or
another form acceptable to the Collateral Agent) setting forth separately the
calculation of the Borrowing Base, the Miller Borrowing Base and the RoadOne
Borrowing Base, including a calculation of each component thereof, all in such
detail as shall be reasonably satisfactory to the Collateral Agent. All
calculations of the Borrowing Base, the Miller Borrowing Base and the RoadOne
Borrowing Base in connection with the preparation of any Borrowing Base
Certificate shall originally be made by the Borrowers&#146; Agent and certified to
the Collateral Agent; provided, that the Collateral Agent shall have the right
to review and adjust, in the exercise of its reasonable credit judgment, any
such calculation (a) to reflect its reasonable estimate of declines in value of
any of the Collateral described therein, and (b) to the extent that such
calculation is not in accordance with this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Business Day</u>&quot;
means (a) any day that is not a Saturday, Sunday, or a day on which banks in
Atlanta, Georgia are required or permitted to be closed, and (b) with respect to
all notices, determinations, fundings and payments in connection with the LIBOR
Rate or LIBOR Rate Loans, any day that is a Business Day pursuant to <u>clause
(a)</u> above and that is also a day on which trading in Dollars is carried on
by and between banks in the London interbank market.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Capital
Adequacy Regulation</u>&quot; means any guideline, request or directive of any
central bank or other Governmental Authority, or any other law, rule or
regulation, whether or not having the force of law, in each case, regarding
capital adequacy of any bank or of any corporation controlling a bank.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Capital
Expenditures</u>&quot; means all payments due (whether or not paid during any
fiscal period) in respect of the cost of any fixed asset or improvement, or
replacement, substitution, or addition thereto, which has a useful life of more
than one year, including, without limitation, those costs arising in connection
with the direct or indirect acquisition of such asset by way of increased
product or service charges or in connection with a Capital Lease.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Capital Lease</u>&quot;
means any lease of property by a Consolidated Party which, in accordance with
GAAP, should be reflected as a capital lease on the balance sheet of the
Consolidated Parties.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Change of
Control</u>&quot; means the occurrence of any of the following: (a) a Person or
&quot;group&quot; of Persons (within the meaning of Section 13(d) of the
Exchange Act), shall acquire, beneficially or of record, 25% or more of the
outstanding voting stock (stock entitled to vote for election of directors) of
Parent; (b) during any period of two consecutive calendar years, individuals who
at the beginning of such period constituted the Board of Directors of Parent
(together with any new directors whose election by the Board of Directors of
Parent or whose nomination for</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-5</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">election by the shareholders of Parent, as the
case may be, was approved by a vote of a majority of the directors then still in
office who either were directors at the beginning of such period or whose
election or nomination for election was previously so approved) cease for any
reason to constitute a majority of the directors of Parent, as the case may be,
then in office; or (c) Parent shall cease to own 100% of the equity interests of
any other Borrower or such ownership shall cease to vest in Parent voting
control with respect to any other Borrower, except as a result of a transaction
permitted under this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Chassis
Floorplan Agreement</u>&quot; means any agreement (other than a purchase order)
pursuant to which (a) any Borrower purchases, acquires or receives chassis
(whether through a purchase, bailment, consignment or other arrangement), (b)
the applicable Borrower incurs any obligation to pay any Person for or with
respect to any portion of the invoice price for such chassis, and (c) the
applicable Borrower grants such Person a Lien in, or such Person retains any
ownership interest in, such chassis.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Chattel Paper</u>&quot;
means, as to any Borrower, all of such Borrower&#146;s now owned or hereafter
acquired chattel paper, as defined in the UCC, including electronic chattel
paper.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>CIT</u>&quot;
means The CIT Group/Business Credit, Inc., or any successor entity thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Clearing Bank</u>&quot;
means Bank of America or any other banking institution with whom a Payment
Account has been established pursuant to a Blocked Account Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Closing&nbsp;Date</u>&quot;
means the date of this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Closing&nbsp;Fee</u>&quot;
has the meaning specified in <u>Section&nbsp;2.4</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Code</u>&quot;
means the Internal Revenue Code of 1986.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Collateral</u>&quot;
means (a) all of the Borrowers&#146; real and personal property, except to the
extent excluded pursuant to the terms of the Security Agreement, and (b) all
other assets of any Person from time to time subject to Agent&#146;s Liens securing
payment or performance of the Obligations.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Collateral
Agent</u>&quot; means CIT, solely in its capacity as collateral agent for the
Lenders, and any successor collateral agent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Commitment</u>&quot;
means, at any time with respect to a Lender, the principal amount set forth
beside such Lender&#146;s name under the heading &quot;<u>Commitment</u>&quot; on <u>Schedule&nbsp;1.1</u>
attached to the Agreement or on the signature page of the Assignment and
Acceptance pursuant to which such Lender became a Lender hereunder in accordance
with the provisions of <u>Section&nbsp;11.2</u>, as such Commitment may be
adjusted from time to time in accordance with the provisions of <u>Sections&nbsp;3.2(a)</u>
and <u>11.2</u>, and &quot;<u>Commitments</u>&quot; means, collectively, the
aggregate amount of the commitments of all of the Lenders.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-6</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Consolidated
Parties</u>&quot; means Parent and each of its Subsidiaries whose financial
statements are consolidated with Parent&#146;s financial statements in accordance
with GAAP.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Contaminant</u>&quot;
means any material, substance, constituent or waste, whether solid, liquid or
gaseous, which is listed, defined or regulated as a &quot;hazardous
substance&quot;, &quot;hazardous waste&quot; or &quot;solid waste&quot;, or
otherwise classified as hazardous or toxic, under or pursuant to any
Environmental Law, or regulated in any way under any Environmental Law;
including, without limitation, asbestos and asbestos containing materials,
petroleum and petroleum products, radon, polychlorinated biphenyls, urea
formaldehyde foam insulation, explosives or radioactive materials.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Continuation/Conversion
Date</u>&quot; means the date on which a Loan is converted into or continued as
a LIBOR Rate Loan.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Custodial
Administration Agreement</u>&quot; means the Custodial Administration Agreement
entered into on or about the Closing Date among the Borrowers, the Custodial
Administrator, the Collateral Agent, the Existing Titled Collateral Agent and
the Junior Creditors&#146; Agent, together with any successor agreement with
respect to the subject matter thereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Custodial
Administrator</u>&quot; means VINtek, Inc., a Pennsylvania corporation, together
with any successor custodial administrator under any successor Custodial
Administration Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Debt</u>&quot;
means, without duplication, all liabilities, obligations and indebtedness of any
Borrower or any of their Subsidiaries to any Person, of any kind or nature, now
or hereafter owing, arising, due or payable, howsoever evidenced, created,
incurred, acquired or owing, whether primary, secondary, direct, contingent,
fixed or otherwise, in each case to the extent such liabilities, obligations and
indebtedness consist of (a) indebtedness for borrowed money or the deferred
purchase price of property, excluding trade payables, (b) Obligations; (c)
obligations and liabilities of any Person secured by any Lien on any Borrower&#146;s
or Subsidiary&#146;s property, even though such Borrower or Subsidiary shall not
have assumed or become liable for the payment thereof; <u>provided</u>, <u>however</u>,
that all such obligations and liabilities which are limited in recourse to such
property shall be included in Debt only to the extent of the book value of such
property as would be shown on a balance sheet of such Borrower or Subsidiary
prepared in accordance with GAAP; (d) the principal amount of all obligations or
liabilities created or arising under any Capital Lease or conditional sale or
other title retention agreement with respect to property used or acquired by any
Borrower or Subsidiary, even if the rights and remedies of the lessor, seller or
lender thereunder are limited to repossession of such property; <u>provided</u>,
<u>however</u>, that all such obligations and liabilities which are limited in
recourse to such property shall be included in Debt only to the extent of the
book value of such property as would be shown on a balance sheet of such
Borrower or Subsidiary prepared in accordance with GAAP; (e)&nbsp;obligations
and liabilities under Guaranties of Debt; and (f)&nbsp;the present value
(discounted at the Base Rate) of lease payments due under synthetic leases.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Default</u>&quot;
means any event or circumstance which, with the giving of notice, the lapse of
time, or both, would (if not cured, waived, or otherwise remedied during such
time) constitute an Event of Default.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-7</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Default&nbsp;Rate</u>&quot;
means a fluctuating per annum interest rate at all times equal to the sum of
(a)&nbsp;the otherwise applicable Interest Rate <u>plus</u> (b) two percent (2%)
per annum. Each Default Rate shall be adjusted simultaneously with any change in
the applicable Interest Rate. In addition, the Default Rate shall result in an
increase in the Letter of Credit Fee by two percentage points per annum.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Defaulting
Lender</u>&quot; has the meaning specified in <u>Section 12.15(c)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Designated
Account</u>&quot; has the meaning specified in <u>Section&nbsp;1.2(c)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Designated
Financial Officer</u>&quot; means each of the chief financial officer, the
treasurer, and any other financial officer of Parent reasonably acceptable to
the Collateral Agent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Designated
Subsidiaries</u>&quot; means F.&nbsp;G. Russell Truck Equipment Ltd. and
Canadian Towing Equipment, Inc.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Distribution</u>&quot;
means, in respect of any corporation: (a)&nbsp;the payment or making of any
dividend or other distribution of property in respect of capital stock (or any
options or warrants for, or other rights with respect to, such stock) of such
corporation, other than distributions in capital stock (or any options or
warrants for such stock) of the same class; or (b) the redemption or other
acquisition by such corporation of any capital stock (or any options or warrants
for such stock) of such corporation.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Documents</u>&quot;
means all documents as such term is defined in the UCC, including bills of
lading, warehouse receipts or other documents of title, now owned or hereafter
acquired by any Borrower.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>DOL</u>&quot;
means the United States Department of Labor or any successor department or
agency.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Dollar</u>&quot;
and &quot;<u>$</u>&quot; means dollars in the lawful currency of the United
States. Unless otherwise specified, all payments under the Agreements shall be
made in Dollars.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>EBITDA</u>&quot;
means, with respect to any fiscal period of the Consolidated Parties, Adjusted
Net Earnings from Operations, <u>plus</u>, to the extent deducted in the
determination of Adjusted Net Earnings from Operations for that fiscal period,
Interest Expense, Federal, state, local and foreign income taxes, depreciation
and amortization. In calculating EBITDA, at a time when the Subsequent EBITDA
Requirement is applicable under <u>Section 7.24</u>, for any fiscal period,
EBITDA will be calculated as if the Asset Disposition of the assets and/or stock
of the RoadOne Borrowers had occurred prior to such fiscal period.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Eligible&nbsp;Accounts</u>&quot;
means the Accounts arising in the ordinary course of business from the sale of
goods or the delivery of services by any Borrower which the Collateral Agent in
good faith determines to be Eligible Accounts. Without limiting the discretion
of the Collateral Agent to establish other criteria of ineligibility, Eligible
Accounts shall not include any Account:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-8</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which more than ninety (90) days have elapsed since the date of the original
invoice therefor or which is more than sixty (60) days past due;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which any of the representations, warranties, covenants, and agreements
contained in the Security Agreement are incorrect or have been breached;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which Account (or any other Account due from such Account Debtor), in whole or
in part, a check, promissory note, draft, trade acceptance or other instrument
for the payment of money has been received, presented for payment and returned
uncollected for any reason;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which represents a
progress billing (as hereinafter defined) or as to which any Borrower has
extended the time for payment without the consent of the Collateral Agent; for
the purposes hereof, &quot;progress billing&quot; means any invoice for goods
sold or leased or services rendered under a contract or agreement pursuant to
which the Account Debtor&#146;s obligation to pay such invoice is conditioned upon
a Borrower&#146;s completion of any further performance under the contract or
agreement;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which any one or more of the following events has occurred to the Account Debtor
on such Account: death or judicial declaration of incompetency of an Account
Debtor who is an individual; the filing by or against the Account Debtor of a
request or petition for liquidation, reorganization, arrangement, adjustment of
debts, adjudication as a bankrupt, winding-up, or other relief under the
bankruptcy, insolvency, or similar laws of the United States, any state or
territory thereof, or any foreign jurisdiction, now or hereafter in effect; the
making of any general assignment by the Account Debtor for the benefit of
creditors; the appointment of a receiver or trustee for the Account Debtor or
for any of the assets of the Account Debtor, including, without limitation, the
appointment of or taking possession by a &quot;custodian,&quot; as defined in
the Federal Bankruptcy Code; the institution by or against the Account Debtor of
any other type of insolvency proceeding (under the bankruptcy laws of the United
States or otherwise) or of any formal or informal proceeding for the dissolution
or liquidation of, settlement of claims against, or winding up of affairs of,
the Account Debtor; the sale, assignment or transfer of all or any material part
of the assets of the Account Debtor; the nonpayment generally by the Account
Debtor of its debts as they become due; or the cessation of the business of the
Account Debtor as a going concern;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if fifty percent
(50%) or more of the aggregate Dollar amount of outstanding Accounts owed at
such time by the Account Debtor thereon is classified as ineligible under <u>clause
(a)</u> above;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;owed by an Account
Debtor which: (i) does not maintain its chief executive office in the United
States of America or Canada (other than the Province of Newfoundland); or (ii)
is not organized under the laws of the United States of America or Canada or any
state or province thereof; or (iii) is the government of any foreign country or
sovereign state, or of any state, province, municipality, or other political
subdivision thereof, or of any department, agency, public corporation, or other
instrumentality thereof; except to the extent that such Account is secured or
payable by a letter of credit satisfactory to the Collateral Agent in its
discretion;</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-9</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> provided, that, this <u>clause (g)</u> shall not exclude up to
$500,000 of Accounts outstanding not more than thirty (30) days after the date
of the original invoice that are owing at any time by Western Corporation, a
subsidiary of Yanase-Co., Ltd.;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;owed by an Account
Debtor which is an Affiliate or employee of any Borrower;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except as provided
in <u>clause (k)</u> below, with respect to which either the perfection,
enforceability, or validity of the Agent&#146;s Liens in such Account, or the
Collateral Agent&#146;s right or ability to obtain direct payment to the Collateral
Agent of the proceeds of such Account, is governed by any federal, state, or
local statutory requirements other than those of the UCC;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;owed by an Account
Debtor to which a Borrower or any of its Subsidiaries is indebted in any way, or
which is subject to any right of setoff or recoupment by the Account Debtor,
unless the Account Debtor has entered into an agreement acceptable to the
Collateral Agent to waive setoff rights; or if the Account Debtor thereon has
disputed liability or made any claim with respect to any other Account due from
such Account Debtor; but in each such case only to the extent of such
indebtedness, setoff, recoupment, dispute, or claim;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;owed by the
government of the United States of America, or any department, agency, public
corporation, or other instrumentality thereof, unless the Federal Assignment of
Claims Act of 1940, as amended (31 U.S.C. &sec;&nbsp;3727 <u>et</u> <u>seq</u>.),
and any other steps necessary to perfect the Agent&#146;s Liens therein, have been
complied with to the Collateral Agent&#146;s satisfaction with respect to such
Account, provided that this requirement shall not apply to up to $100,000 in the
aggregate of Accounts;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;owed by any state,
municipality, or other political subdivision of the United States of America, or
any department, agency, public corporation, or other instrumentality thereof and
as to which the Collateral Agent determines that its Lien therein is not or
cannot be perfected, provided that this requirement shall not apply to up to
$100,000 in the aggregate of Accounts;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which represents a
sale on a bill-and-hold, guaranteed sale, sale and return, sale on approval,
consignment, or other repurchase or return basis;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which is evidenced
by a promissory note or other instrument or by chattel paper;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if the Collateral
Agent believes, in the exercise of its reasonable judgment, that the prospect of
collection of such Account is impaired or that the Account may not be paid by
reason of the Account Debtor&#146;s financial inability to pay;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which the Account Debtor is located in any jurisdiction requiring the filing of
a Notice of Business Activities Report or similar report in order to permit the
applicable Borrower to seek judicial enforcement in such jurisdiction of payment
of such Account, unless such Borrower has qualified to do business in such
jurisdiction or has filed a Notice of Business Activities Report or equivalent
report for the then current year;</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-10</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which arises out of
a sale not made in the ordinary course of the applicable Borrower&#146;s business;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which the goods giving rise to such Account have not been shipped and delivered
to and accepted by the Account Debtor or the services giving rise to such
Account have not been performed by the applicable Borrower, and, if applicable,
accepted by the Account Debtor, or the Account Debtor revokes its acceptance of
such goods or services;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;owed by an Account
Debtor which is obligated to the Borrower or the Designated Subsidiaries
respecting Accounts the aggregate unpaid balance of which exceeds fifteen
percent (15%) of the aggregate unpaid balance of all Accounts owed to the
Borrowers and the Designated Subsidiaries at such time by all of the Account
Debtors, but only to the extent of such excess;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which is not
subject to a first priority and perfected security interest in favor of the
Collateral Agent for the benefit of the Lenders;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which arises out of
financing, insurance and other similar charges; or</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which arises out of
the sale of chassis that are not attached to wrecker bodies unless the
applicable Borrower has paid for the chassis in full.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">If any Account at any
time ceases to be an Eligible Account, then such Account shall promptly be
excluded from the calculation of Eligible Accounts.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Eligible
Assignee</u>&quot; means (a) a commercial bank, commercial finance company or
other asset based lender, having total assets in excess of $1,000,000,000; (b)
any Lender listed on the signature page of this Agreement; (c) any Affiliate of
any Lender; and (d) if an Event of Default has occurred and is continuing, any
Person reasonably acceptable to the Collateral Agent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Eligible
Designated Subsidiary Inventory</u>&quot; means Inventory, valued at the lower
of cost (on a first-in, first-out basis) or market, which the Collateral Agent
in good faith determines to be Eligible Inventory. Without limiting the
discretion of the Collateral Agent to establish other criteria of ineligibility,
Eligible Inventory shall not include any Inventory:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not owned
by a Designated Subsidiary;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not subject
to a first priority and perfected security interest in favor of Miller Towing
pursuant to the Intercompany Security Documents that has been collaterally
assigned on a first priority basis to the Collateral Agent pursuant to the
Intercompany Security Documents Assignment, all in form and substance
satisfactory to the Collateral Agent, which collateral assignment shall not be
subject to any other Lien whatsoever (other than the Liens described in <u>clauses
(d)</u>, <u>(f)</u> and <u>(g)</u> of the definition of Permitted Liens,
provided that such Permitted Liens (i) are junior in priority to the Agent&#146;s
Liens or subject to Reserves and (ii) do not impair directly or indirectly the
ability of the Collateral Agent to realize on or obtain the full benefit of the
Collateral);</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A11</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that does not
consist of finished goods or raw materials;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that consists of
work-in-process, chemicals, samples, prototypes, supplies, or packing and
shipping materials;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not in good
condition, is unmerchantable, or does not meet all standards imposed by any
Governmental Authority having regulatory authority over such goods, their use or
sale;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not
currently either usable or salable, at prices approximating at least cost, in
the normal course of the Designated Subsidiaries&#146; business, or that is slow
moving or stale;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is obsolete or
returned or repossessed or used goods taken in trade;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is located
outside the United States of America or Canada (or that is in-transit from
vendors or suppliers);</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is located in
a public warehouse or in possession of a bailee or in a facility leased by a
Designated Subsidiary, if the warehouseman, the bailee, or the lessor has not
delivered to the Collateral Agent, if requested by the Collateral Agent, a
subordination agreement in form and substance satisfactory to the Collateral
Agent or if a Reserve for rents or storage charges has not been established for
Inventory at that location;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that contains or
bears any Proprietary Rights licensed to a Designated Subsidiary by any Person,
if the Collateral Agent is not satisfied that it may sell or otherwise dispose
of such Inventory in accordance with the terms of the Security Agreement and <u>Section&nbsp;9.2</u>
without infringing the rights of the licensor of such Proprietary Rights or
violating any contract with such licensor (and without payment of any royalties
other than any royalties due with respect to the sale or disposition of such
Inventory pursuant to the existing license agreement), and, as to which the
applicable Designated Subsidiary has not delivered to the Collateral Agent a
consent or sublicense agreement from such licensor in form and substance
acceptable to the Collateral Agent if requested;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that consists of
chassis that are not attached to wrecker bodies, unless the Designated
Subsidiaries have paid for the chassis in full;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not
reflected in the details of a current inventory report; or</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is Inventory
placed on consignment.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">If any Inventory at any
time ceases to be Eligible Designated Subsidiary Inventory, such Inventory shall
promptly be excluded from the calculation of Eligible Designated Subsidiary
Inventory.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Eligible Fleet
Vehicles</u>&quot; means Fleet Vehicles used by the RoadOne Borrowers that are
subject to the Agent&#146;s Liens (which shall be a first priority Lien) and that
are determined by the</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-12</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> Collateral Agent in good faith to be eligible. Without
limiting the discretion of the Collateral Agent to establish other criteria of
ineligibility, Eligible Fleet Vehicles shall not include any Fleet Vehicle:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not owned
by a RoadOne Borrower;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not subject
to the Agent&#146;s Liens, which are perfected as to such Fleet Vehicle, or that
are subject to any other Lien whatsoever (other than the Liens described in <u>clauses
(d)</u>, <u>(f)</u> and <u>(g)</u> of the definition of Permitted Liens,
provided that such Permitted Liens (i) are junior in priority to the Agent&#146;s
Liens or subject to Reserves and (ii) do not impair directly or indirectly the
ability of the Collateral Agent to realize on or obtain the full benefit of the
Collateral);</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;for which the
Collateral Agent (or the Custodial Administrator in accordance with the terms of
the Custodial Administration Agreement) has not received the original
certificate of title with respect thereto, properly noting the Agent&#146;s Lien
thereon;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not in good
condition, is unmerchantable, or does not meet all standards imposed by any
Governmental Authority having regulatory authority over such goods, their use or
sale; or</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is located
outside the United States of America or Canada.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Eligible
Independent Distributor Inventory</u>&quot; means new wreckers, carriers and
chassis that have been sold by the Borrowers to Independent Distributors that
are determined by the Collateral Agent in good faith to be eligible and with
respect to which (a) the Borrowers have a first priority perfected security
interest in such inventory as security for the payment of the purchase price
therefor, pursuant to security agreements, UCC financing statements and other
legal documentation acceptable to the Collateral Agent, subject to no other
Liens, (b) the Collateral Agent shall have received the originals of all
Instruments, Chattel Paper and other agreements relating to such inventory and
payment obligation, duly endorsed or assigned to the Collateral Agent, together
with such UCC assignments as the Collateral Agent may request, (c) the
Collateral Agent has received such satisfactory lien searches and other
documents as it may request, and (d) all other matters are satisfactory to the
Collateral Agent in good faith.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Eligible
Intercompany Accounts</u>&quot; means the Accounts arising in the ordinary
course of business from the sale of goods or the delivery of services by any
Designated Subsidiary which the Collateral Agent in good faith determines to be
Eligible Intercompany Accounts. Without limiting the discretion of the
Collateral Agent to establish other criteria of ineligibility, Eligible
Intercompany Accounts shall not include any Account:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which more than ninety (90) days have elapsed since the date of the original
invoice therefor or which is more than sixty (60) days past due;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which any of the representations, warranties, covenants, and agreements
contained in the Security Agreement are incorrect or have been breached;</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-13</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which Account (or any other Account due from such Account Debtor), in whole or
in part, a check, promissory note, draft, trade acceptance or other instrument
for the payment of money has been received, presented for payment and returned
uncollected for any reason;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which represents a
progress billing (as hereinafter defined) or as to which any Designated
Subsidiary has extended the time for payment without the consent of the
Collateral Agent; for the purposes hereof, &quot;progress billing&quot; means
any invoice for goods sold or leased or services rendered under a contract or
agreement pursuant to which the Account Debtor&#146;s obligation to pay such
invoice is conditioned upon a Designated Subsidiary&#146;s completion of any
further performance under the contract or agreement;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which any one or more of the following events has occurred to the Account Debtor
on such Account: death or judicial declaration of incompetency of an Account
Debtor who is an individual; the filing by or against the Account Debtor of a
request or petition for liquidation, reorganization, arrangement, adjustment of
debts, adjudication as a bankrupt, winding-up, or other relief under the
bankruptcy, insolvency, or similar laws of the United States, any state or
territory thereof, or any foreign jurisdiction, now or hereafter in effect; the
making of any general assignment by the Account Debtor for the benefit of
creditors; the appointment of a receiver or trustee for the Account Debtor or
for any of the assets of the Account Debtor, including, without limitation, the
appointment of or taking possession by a &quot;custodian,&quot; as defined in
the Federal Bankruptcy Code; the institution by or against the Account Debtor of
any other type of insolvency proceeding (under the bankruptcy laws of the United
States or otherwise) or of any formal or informal proceeding for the dissolution
or liquidation of, settlement of claims against, or winding up of affairs of,
the Account Debtor; the sale, assignment or transfer of all or any material part
of the assets of the Account Debtor; the nonpayment generally by the Account
Debtor of its debts as they become due; or the cessation of the business of the
Account Debtor as a going concern;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if fifty percent
(50%) or more of the aggregate Dollar amount of outstanding Accounts owed at
such time by the Account Debtor thereon is classified as ineligible under <u>clause
(a)</u> above;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;owed by an Account
Debtor which: (i) does not maintain its chief executive office in the United
States of America or Canada (other than the Province of Newfoundland); or (ii)
is not organized under the laws of the United States of America or Canada or any
state or province thereof; or (iii) is the government of any foreign country or
sovereign state, or of any state, province, municipality, or other political
subdivision thereof, or of any department, agency, public corporation, or other
instrumentality thereof; except to the extent that such Account is secured or
payable by a letter of credit satisfactory to the Collateral Agent in its
discretion;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;owed by an Account
Debtor which is an Affiliate or employee of any Designated Subsidiary;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except as provided
in <u>clause (k)</u> below, with respect to which either the perfection,
enforceability, or validity of the Agent&#146;s Liens in such Account, or the
Collateral</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-14</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> Agent&#146;s right or ability to obtain direct payment to the Collateral
Agent of the proceeds of such Account, is governed by any federal, state, or
local statutory requirements other than those of the Personal Property Security
Act of British Columbia or Ontario;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;owed by an Account
Debtor to which a Designated Subsidiary or any of its Subsidiaries is indebted
in any way, or which is subject to any right of setoff or recoupment by the
Account Debtor, unless the Account Debtor has entered into an agreement
acceptable to the Collateral Agent to waive setoff rights; or if the Account
Debtor thereon has disputed liability or made any claim with respect to any
other Account due from such Account Debtor; but in each such case only to the
extent of such indebtedness, setoff, recoupment, dispute, or claim;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;owed by any
federal, state, municipality, or other political subdivision of the United
States of America or Canada, or any department, agency, public corporation, or
other instrumentality thereof and as to which the Collateral Agent determines
that its Lien therein is not or cannot be perfected;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which represents a
sale on a bill-and-hold, guaranteed sale, sale and return, sale on approval,
consignment, or other repurchase or return basis;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which is evidenced
by a promissory note or other instrument or by chattel paper;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if the Collateral
Agent believes, in the exercise of its reasonable judgment, that the prospect of
collection of such Account is impaired or that the Account may not be paid by
reason of the Account Debtor&#146;s financial inability to pay;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which the Account Debtor is located in any jurisdiction requiring the filing of
a Notice of Business Activities Report or similar report in order to permit the
applicable Designated Subsidiary to seek judicial enforcement in such
jurisdiction of payment of such Account, unless such Designated Subsidiary has
qualified to do business in such jurisdiction or has filed a Notice of Business
Activities Report or equivalent report for the then current year;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which arises out of
a sale not made in the ordinary course of the applicable Designated Subsidiary&#146;s
business;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with respect to
which the goods giving rise to such Account have not been shipped and delivered
to and accepted by the Account Debtor or the services giving rise to such
Account have not been performed by the applicable Designated Subsidiary, and, if
applicable, accepted by the Account Debtor, or the Account Debtor revokes its
acceptance of such goods or services;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;owed by an Account
Debtor which is obligated to the Designated Subsidiary or the Borrowers
respecting Accounts the aggregate unpaid balance of which exceeds fifteen
percent (15%) of the aggregate unpaid balance of all Accounts owed to the
Designated Subsidiaries and the Borrowers at such time by all of the Account
Debtors, but only to the extent of such excess;</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-15</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which is not
subject to a first priority and perfected security interest in favor of Miller
Towing pursuant to the Intercompany Security Documents that has been
collaterally assigned on a first priority basis to the Collateral Agent pursuant
to the Intercompany Security Documents Assignment, all in form and substance
satisfactory to the Collateral Agent;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which arises out of
financing, insurance and other similar charges; or</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;which arises out of
the sale of chassis that are not attached to wrecker bodies unless the
applicable Designated Subsidiary has paid for the chassis in full.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">If any Account at any
time ceases to be an Eligible Intercompany Account, then such Account shall
promptly be excluded from the calculation of Eligible Intercompany Accounts.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Eligible
Inventory</u>&quot; means Inventory, valued at the lower of cost (on a first-in,
first-out basis) or market, which the Collateral Agent in good faith determines
to be Eligible Inventory. Without limiting the discretion of the Collateral
Agent to establish other criteria of ineligibility, Eligible Inventory shall not
include any Inventory:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not owned
by a Borrower;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not subject
to the Agent&#146;s Liens, which are perfected as to such Inventory, or that are
subject to any other Lien whatsoever (other than Permitted Liens described on <u>Schedule
7.18</u> and the Liens described in <u>clauses (d)</u>, <u>(f)</u> and <u>(g)</u>
of the definition of Permitted Liens, provided that all such Permitted Liens (i)
are junior in priority to the Agent&#146;s Liens or subject to Reserves and (ii) do
not impair directly or indirectly the ability of the Collateral Agent to realize
on or obtain the full benefit of the Collateral);</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that does not
consist of finished goods or raw materials;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that consists of
work-in-process, chemicals, samples, prototypes, supplies, or packing and
shipping materials;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not in good
condition, is unmerchantable, or does not meet all standards imposed by any
Governmental Authority having regulatory authority over such goods, their use or
sale;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not
currently either usable or salable, at prices approximating at least cost, in
the normal course of the Borrowers&#146; business, or that is slow moving or stale;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is obsolete or
returned or repossessed or used goods taken in trade;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is located
outside the United States of America or Canada (or that is in-transit from
vendors or suppliers);</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is located in
a public warehouse or in possession of a bailee or in a facility leased by a
Borrower, if the warehouseman, the bailee, or the lessor has not delivered to
the Collateral Agent, if requested by the Collateral Agent, a subordination
agreement in form and</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-16</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> substance satisfactory to the Collateral Agent or if a
Reserve for rents or storage charges has not been established for Inventory at
that location;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that contains or
bears any Proprietary Rights licensed to a Borrower by any Person, if the
Collateral Agent is not satisfied that it may sell or otherwise dispose of such
Inventory in accordance with the terms of the Security Agreement and <u>Section&nbsp;9.2</u>
without infringing the rights of the licensor of such Proprietary Rights or
violating any contract with such licensor (and without payment of any royalties
other than any royalties due with respect to the sale or disposition of such
Inventory pursuant to the existing license agreement), and, as to which the
applicable Borrower has not delivered to the Collateral Agent a consent or
sublicense agreement from such licensor in form and substance acceptable to the
Collateral Agent if requested;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that consists of
chassis that are not attached to wrecker bodies, unless the Borrowers have paid
for the chassis in full;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is not
reflected in the details of a current inventory report; or</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that is Inventory
placed on consignment.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">If any Inventory at any
time ceases to be Eligible Inventory, such Inventory shall promptly be excluded
from the calculation of Eligible Inventory.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Eligible&nbsp;Miller
Accounts</u>&quot; means Eligible Accounts owned by a Miller Borrower and
arising out of the Miller Borrowers&#146; manufacturing and distribution business.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Eligible&nbsp;RoadOne
Accounts</u>&quot; means Eligible Accounts owned by a RoadOne Borrower and
arising out of the RoadOne Borrowers&#146; RoadOne business.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Eligible&nbsp;Secured
Accounts</u>&quot; means Accounts arising in the ordinary course of the
Borrowers&#146; non-RoadOne business from the sale of goods that do not constitute
Eligible Accounts solely as a result of such Accounts failure to comply with <u>clause
(a)</u> or <u>(f)</u> of the definition of Eligible Accounts, provided that (a)
such Accounts are determined by the Collateral Agent in good faith to otherwise
be eligible, (b) such Accounts are outstanding for no more than three hundred
sixty (360) days after the original invoice date therefor, and (c) such Accounts
arise out of the sale of, and are secured by a first priority perfected security
interest in, Eligible Independent Distributor Inventory.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Environmental
Claims</u>&quot; means all claims, however asserted, by any Governmental
Authority or other Person alleging potential liability or responsibility for
violation of any Environmental Law, for a Release of any Contaminant or for any
injury to the environment.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Environmental&nbsp;Compliance&nbsp;Reserve</u>&quot;
means any reserve which the Collateral Agent establishes in its reasonable
discretion after prior written notice to the Borrowers&#146; Agent from time to
time for amounts that are reasonably likely to be expended by the Borrowers in
order for the Borrowers and their operations and property (a) to comply with any
notice from a Governmental Authority asserting material non-compliance with
Environmental Laws, or (b) to correct any material non-compliance with
Environmental Laws identified in a report delivered to</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-17</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> the Collateral Agent and
the Lenders prior to the Closing Date or pursuant to <u>Section&nbsp;7.7</u>.
The initial Environmental Compliance Reserve shall be $100,000.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Environmental
Laws</u>&quot; means all applicable federal, state or local laws, rules,
regulations, ordinances and codes, together with all administrative orders,
licenses, authorizations and permits of, and agreements with, any Governmental
Authority, now or hereafter in effect relating to pollution or protection of the
environment (including, without limitation, ambient air, surface water, ground
water, land and natural resources), health, safety and land use matters,
including laws relating to emissions, discharges, Releases or threatened
Releases of pollutants, Contaminants, chemicals or industrial, toxic or
hazardous substances or wastes into the environment or otherwise relating to the
manufacture, processing, distribution, use, treatment, storage, disposal,
removal, transport or handling of pollutants, Contaminants, chemicals or
industrial, toxic or hazardous substances or wastes.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Environmental&nbsp;Lien</u>&quot;
means a Lien in favor of any Governmental Authority for (a)&nbsp;any liability
under Environmental Laws, or (b)&nbsp;damages arising from, or costs incurred by
such Governmental Authority in response to, a Release or threatened Release of a
Contaminant into the environment.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Equipment</u>&quot;
means, as to any Borrower, all of such Borrower&#146;s now owned and hereafter
acquired machinery, equipment, furniture, furnishings, fixtures, and other
tangible personal property (except Inventory), including embedded software,
motor vehicles with respect to which a certificate of title has been issued, tow
trucks, wreckers and other Fleet Vehicles, aircraft, dies, tools, jigs, molds
and office equipment, as well as all of such types of property leased by such
Borrower and all of such Borrower&#146;s rights and interests with respect thereto
under such leases (including, without limitation, options to purchase); together
with all present and future additions and accessions thereto, replacements
therefor, component and auxiliary parts and supplies used or to be used in
connection therewith, and all substitutes for any of the foregoing, and all
manuals, drawings, instructions, warranties and rights with respect thereto;
wherever any of the foregoing is located.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>ERISA</u>&quot;
means the Employee Retirement Income Security Act of 1974, and regulations
promulgated thereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>ERISA
Affiliate</u>&quot; means any trade or business (whether or not incorporated)
under common control with any Borrower within the meaning of Section&nbsp;414(b)
or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of
provisions relating to Section 412 of the Code).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>ERISA Event</u>&quot;
means (a)&nbsp;a Reportable Event with respect to a Pension Plan, (b)&nbsp;a
withdrawal by any Borrower or any ERISA Affiliate from a Pension Plan subject to
Section 4063 of ERISA during a plan year in which it was a substantial employer
(as defined in Section 4001(a)(2) of ERISA) or a cessation of operations which
is treated as such a withdrawal under Section 4062(e) of ERISA, (c)&nbsp;a
complete or partial withdrawal by any Borrower or any ERISA Affiliate from a
Multi-employer Plan or notification that a Multi-employer Plan is in
reorganization, (d) the filing of a notice of intent to terminate, the treatment
of a Plan amendment</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-18</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> as a termination under Section 4041 or 4041A of
ERISA, or
the commencement of proceedings by the PBGC to terminate a Pension Plan or
Multi-employer Plan, (e)&nbsp;the occurrence of an event or condition which
might reasonably be expected to constitute grounds under Section 4042 of ERISA
for the termination of, or the appointment of a trustee to administer, any
Pension Plan or Multi-employer Plan, or (f)&nbsp;the imposition of any liability
under Title IV of ERISA, other than for PBGC premiums due but not delinquent
under Section 4007 of ERISA, upon any Borrower or any ERISA Affiliate.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Event&nbsp;of&nbsp;Default</u>&quot;
has the meaning specified in <u>Section&nbsp;9.1</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Excess
Availability</u>&quot; means, at any time (a) the Borrowing Base, <u>minus</u>
(b) Reserves other than Reserves deducted in the calculation of the Borrowing
Base, <u>minus</u> (c) the Aggregate Revolver Outstandings.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Exchange Act</u>&quot;
means the Securities Exchange Act of 1934, and regulations promulgated
thereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Existing
Certificates of Title</u>&quot; means each certificate of title or other
comparable instrument with respect to wreckers, vehicles and other Collateral
owned by the Borrowers that, as of the Closing Date, notes the Junior Creditors&#146;
Agent (or Bank of America) as the lienholder thereon.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Existing
Letter of Credit</u>&quot; means letter of credit number 3033044, in the face
amount of $150,000, issued by Bank of America on behalf of Parent in favor of
Gelco Corporation dba GE Capital Fleet Services.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Existing
Titled Collateral</u>&quot; means all wreckers, vehicles and other Collateral
for which an Existing Certificate of Title has been issued as of the Closing
Date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Existing
Titled Collateral Agent</u>&quot; means Bank of America, solely in its capacity
as agent for the Lenders with respect to the Existing Titled Collateral and the
Existing Certificates of Title.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>FDIC</u>&quot;
means the Federal Deposit Insurance Corporation, and any Governmental Authority
succeeding to any of its principal functions.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Federal Funds
Rate</u>&quot; means, for any day, the rate per annum (rounded upwards, if
necessary, to the nearest 1/100<sup> </sup>of 1%) equal to the weighted average
of the rates on overnight Federal funds transactions with members of the Federal
Reserve System arranged by Federal funds brokers on such day, as published by
the Federal Reserve Bank of New York on the Business Day next succeeding such
day; <u>provided</u> that (a) if such day is not a Business Day, the Federal
Funds Rate for such day shall be such rate on such transactions on the next
preceding Business Day as so published on the next succeeding Business Day, and
(b) if no such rate is so published on such next succeeding Business Day, the
Federal Funds Rate for such day shall be the average rate charged to Bank of
America on such day on such transactions as determined by the Collateral Agent.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-19</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Federal
Reserve Board</u>&quot; means the Board of Governors of the Federal Reserve
System or any successor thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Fee Letter</u>&quot;
means that certain fee letter, dated May 17, 2001, among Parent, Bank of America
and CIT.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Financial
Statements</u>&quot; means, according to the context in which it is used, the
financial statements referred to in <u>Sections&nbsp;5.2</u> and <u>6.6</u> or
any other financial statements required to be given to the Lenders pursuant to
this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Fiscal Year</u>&quot;
means the Consolidated Parties&#146; fiscal year for financial accounting purposes.
The current Fiscal Year of the Consolidated Parties will end on April 30, 2002.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Fixed Assets</u>&quot;
means the Equipment (other than Fleet Vehicles) and Real Estate of the
Borrowers.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Fixed Charge
Coverage Ratio</u>&quot; means, with respect to any fiscal period of
Consolidated Parties, the ratio of EBITDA to Fixed Charges.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Fixed Charges</u>&quot;
means, with respect to any fiscal period of the Consolidated Parties on a
consolidated basis, without duplication, Interest Expense, Capital Expenditures
(excluding Capital Expenditures funded with Debt other than Revolving Loans, but
including, without duplication, principal payments with respect to such Debt),
scheduled principal payments of Debt, and Federal, state, local and foreign
income taxes, excluding deferred taxes; provided, in the case of principal
payments under the Junior Credit Agreement, only principal amounts actually paid
to the Junior Creditors in accordance with Section 2.1 of the Junior Credit
Agreement shall be included as &quot;scheduled principal payments of Debt&quot;
in calculating the amount of Fixed Charges for any fiscal period.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Fleet Vehicle
Availability</u>&quot; means, as of any date of determination, an amount
determined by making the calculation set forth in <u>clause(b)(ii)</u> of the
definition of RoadOne Borrowing Base less Reserves relating thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Fleet Vehicles</u>&quot;
means all wreckers and other vehicles owned and used by the RoadOne Borrowers in
their RoadOne business.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Foreign
Subsidiary</u>&quot; means any direct or indirect Subsidiary of Parent which is
organized under the laws of a jurisdiction other than a state of the Untied
States of America.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Funding Date</u>&quot;
means the date on which a Borrowing occurs.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>GAAP</u>&quot;
means generally accepted accounting principles and practices set forth from time
to time in the opinions and pronouncements of the Accounting Principles Board
and the American Institute of Certified Public Accountants and statements and
pronouncements of the Financial Accounting Standards Board (or agencies with
similar functions of comparable stature and authority within the U.S. accounting
profession), which are applicable to the circumstances as of the Closing Date.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-20</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>General
Intangibles</u>&quot; means, as to any Borrower, all of such Borrower&#146;s now
owned or hereafter acquired general intangibles, choses in action and causes of
action and all other intangible personal property of such Borrower of every kind
and nature (other than Accounts), including, without limitation, all contract
rights, payment intangibles, Proprietary Rights, corporate or other business
records, inventions, designs, blueprints, plans, specifications, patents, patent
applications, trademarks, service marks, trade names, trade secrets, goodwill,
copyrights, computer software, customer lists, registrations, licenses,
franchises, tax refund claims, any funds which may become due to such Borrower
in connection with the termination of any Plan or other employee benefit plan or
any rights thereto and any other amounts payable to such Borrower from any Plan
or other employee benefit plan, rights and claims against carriers and shippers,
rights to indemnification, business interruption insurance and proceeds thereof,
property, casualty or any similar type of insurance and any proceeds thereof,
proceeds of insurance covering the lives of key employees on which such Borrower
is beneficiary, rights to receive dividends, distributions, cash, Instruments
and other property in respect of or in exchange for pledged equity interests or
Investment Property, and any letter of credit, guarantee, claim, security
interest or other security held by or granted to such Borrower.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Governmental
Authority</u>&quot; means any nation or government, any state or other political
subdivision thereof, any central bank (or similar monetary or regulatory
authority) thereof, any entity exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government, and any
corporation or other entity owned or controlled, through stock or capital
ownership or otherwise, by any of the foregoing.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Guaranty</u>&quot;
means, with respect to any Person, all obligations of such Person which in any
manner directly or indirectly guarantee or assure, or in effect guarantee or
assure, the payment or performance of any indebtedness, dividend or other
obligations of any other Person (the &quot;guaranteed obligations&quot;), or
assure or in effect assure the holder of the guaranteed obligations against loss
in respect thereof, including any such obligations incurred through an
agreement, contingent or otherwise: (a) to purchase the guaranteed obligations
or any property constituting security therefor; (b) to advance or supply funds
for the purchase or payment of the guaranteed obligations or to maintain a
working capital or other balance sheet condition; or (c) to lease property or to
purchase any debt or equity securities or other property or services.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Hedge
Agreement</u>&quot; means any and all transactions, agreements or documents now
existing or hereafter entered into, which provides for an interest rate, credit,
commodity or equity swap, cap, floor, collar, forward foreign exchange
transaction, currency swap, cross currency rate swap, currency option, or any
combination of, or option with respect to, these or similar transactions, for
the purpose of hedging the Borrowers&#146; exposure to fluctuations in interest or
exchange rates, loan, credit exchange, security or currency valuations or
commodity prices.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Independent
Distributors</u>&quot; means distributors of the Borrowers that are not
Subsidiaries of Parent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Instruments</u>&quot;
means all instruments as such term is defined in the UCC, now owned or hereafter
acquired by any Borrower.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-21</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Intercompany
Accounts</u>&quot; means Accounts of Miller Towing with respect to which a
Designated Subsidiary is the Account Debtor.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Intercompany
Availability</u>&quot; means the <u>lesser of</u>:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4,000,000;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Dollar amount
of the then outstanding Intercompany Account owing by the Designated
Subsidiaries to Miller Towing with respect to purchases of Inventory; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 100"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the sum of:</font></p>


<blockquote>
  <blockquote>


    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;up to 80% of
    the Net Amount of Eligible Intercompany Accounts;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;up to 55% of
    the net amount (calculated at the lower of fair market value and cost, on a
    first-in, first-out basis) of Eligible Designated Subsidiary Inventory
    consisting of raw materials; </font><u><font face="Times New Roman" size="2">plus</font></p>
    </u>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;up to the
    lesser of (A) 75% of the net amount (calculated at the lower of fair market
    value and cost, on a first-in, first-out basis) of Eligible Designated
    Subsidiary Inventory consisting of finished goods, and (B) up to 75% of the
    Net Orderly Liquidation Value of Eligible Designated Subsidiary Inventory
    consisting of finished goods (which shall be determined between Appraisal
    dates by reference to the ratio of the Net Orderly Liquidation Value of
    Eligible Designated Subsidiary Inventory consisting of finished goods as set
    forth in the most recent quarterly Appraisal to the book value of Eligible
    Designated Subsidiary Inventory consisting of finished goods as of the
    effective date of such Appraisal).</font></p>


  </blockquote>
</blockquote>


<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Intercompany
Inventory Availability</u>&quot; means, as of any date of determination, an
amount determined by making the calculation set forth in <u>clauses (c)(ii)</u>
and <u>(iii)</u> of the definition of Intercompany Availability, or, if less,
the amount of Intercompany Availability, in each case, less Reserves relating
thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Intercompany
Security Documents</u>&quot; means each security agreement, pledge agreement,
financing statement and other agreement, document and instrument, in each case
executed by a Designated Subsidiary in favor of Miller Towing, securing the
repayment of any Intercompany Account, such documents to be (a) in form and
substance acceptable to the Agents and (b) collaterally assigned to the
Collateral Agent pursuant to the Intercompany Security Documents Assignment.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Intercompany
Security Documents Assignment</u>&quot; means the Collateral Assignment executed
by Miller Towing in favor of the Collateral Agent, for the benefit of the
Agents, the Lenders and the Letter of Credit Issuer, in form and substance
acceptable to the Agents.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-22</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Interest
Expense</u>&quot; means interest on Debt required or scheduled to be paid during
the period for which computation is being made (including the interest component
of all Capital Leases and synthetic leases), excluding the amortization of fees
and costs incurred with respect to the closing of loans.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Interest
</u>
Period&quot; means, as to any LIBOR Rate Loan, the period commencing on the
Funding Date of such Loan or on the Continuation/Conversion Date on which the
Loan is converted into or continued as a LIBOR Rate Loan, and ending on the date
one, two, three or six months thereafter as selected by a Borrower in its Notice
of Borrowing, in the form attached hereto as <u>Exhibit&nbsp;B</u>, or Notice of
Continuation/Conversion, in the form attached hereto as <u>Exhibit&nbsp;D</u>,
provided that:</font></p>


<blockquote>


    <p align="left" style="text-indent: 50"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if any Interest
    Period would otherwise end on a day that is not a Business Day, that
    Interest Period shall be extended to the following Business Day unless the
    result of such extension would be to carry such Interest Period into another
    calendar month, in which event such Interest Period shall end on the
    preceding Business Day;</font></p>
    <p align="left" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any Interest
    Period pertaining to a LIBOR Rate Loan that begins on the last Business Day
    of a calendar month (or on a day for which there is no numerically
    corresponding day in the calendar month at the end of such Interest Period)
    shall end on the last Business Day of the calendar month at the end of such
    Interest Period; and</font></p>
    <p align="left" style="text-indent: 50"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no Interest
    Period shall extend beyond the Stated Termination Date.</font></p>


</blockquote>


<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;Interest<u>&nbsp;Rate</u>&quot;
means each or any of the interest rates, including the Default Rate, set forth
in <u>Section&nbsp;2.1</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Inven</u>tory&quot;
means, as to any Borrower (or any Designated Subsidiary), all of such Borrower&#146;s
or Designated Subsidiary&#146;s now owned and hereafter acquired inventory, goods
and merchandise, wherever located, to be furnished under any contract of service
or held for sale or lease, all returned goods, raw materials, work-in-process,
finished goods (including embedded software), other materials and supplies of
any kind, nature or description which are used or consumed in such Borrower&#146;s
or Designated Subsidiary&#146;s business or used in connection with the packing,
shipping, advertising, selling or finishing of such goods, merchandise, and all
documents of title or other Documents representing them.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;Inventory
Availability&quot; means, as of any date of determination, an amount
determined by making the calculation set forth in clause(c)(ii) of the
definition of Miller Borrowing Base less Reserves relating thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;Investment
Property&quot; means, as to any Borrower, all of such Borrower&#146;s right
title and interest in and to any and all: (a) securities whether certificated or
uncertificated; (b) securities entitlements; (c) securities accounts; (d)
commodity contracts; or (e) commodity accounts.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;IRS&quot;
means the Internal Revenue Service and any Governmental Authority succeeding to
any of its principal functions under the Code.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-23</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Junior Credit
Agreement</u>&quot; means that certain Amended and Restated Credit Agreement,
dated as of the date of the Agreement, among Parent and Miller Industries Towing
Equipment, Inc., as borrowers, the domestic Subsidiaries of Parent, as
guarantors, the Junior Creditors, and the Junior Creditors&#146; Agent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Junior
Creditors</u>&quot; means Bank of America, Wachovia Bank, N.A., SunTrust Bank,
N.A. and AmSouth Bank, together with their successors and assigns.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Junior
Creditors&#146; Agent</u>&quot; means Bank of America, in its capacity as agent for
the Junior Creditors pursuant to the Junior Credit Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Latest
Projections</u>&quot; means: (a) on the Closing Date and thereafter until the
Collateral Agent receives new projections pursuant to <u>Section&nbsp;5.2(e)</u>,
the projections of the Consolidated Parties&#146; financial condition, results of
operations, and cash flows, for the period commencing on May&nbsp;1, 2001 and
ending on April 30, 2004, and delivered to the Agents prior to the Closing Date;
and (b) thereafter, the projections most recently received by the Collateral
Agent pursuant to <u>Section&nbsp;5.2(f)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Lender</u>&quot;
and &quot;<u>Lenders</u>&quot; have the meanings specified in the introductory
paragraph hereof and shall include the Collateral Agent to the extent of any
Agent Advance outstanding and CIT to the extent of any Non-Ratable Loan
outstanding; <u>provided</u> that no such Agent Advance or Non-Ratable Loan
shall be taken into account in determining any Lender&#146;s Pro Rata Share.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Letter&nbsp;of&nbsp;Credit</u>&quot;
has the meaning specified in <u>Section&nbsp;1.4(a)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Letter of
Credit Fee</u>&quot; has the meaning specified in <u>Section&nbsp;2.6</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Letter of
Credit Issuer</u>&quot; means Bank of America or any Affiliate of Bank of
America that issues any Letter of Credit pursuant to this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Letter of
Credit Subfacility</u>&quot; means $10,000,000.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Liabilities</u>&quot;
means all Debt, obligations and liabilities of any Borrower, howsoever created,
arising or evidenced, whether direct or indirect, absolute or contingent, joint
or several, now or hereafter existing, or due or to become due.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>LIBOR Interest
Payment Date</u>&quot; means, with respect to a LIBOR Loan, the Termination
Date, the first day of each calendar month while such LIBOR Loan is outstanding,
and the last day of each Interest Period applicable to such Loan.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>LIBOR Rate</u>&quot;
means, for any Interest Period, with respect to LIBOR Rate Loans, the rate of
interest per annum determined pursuant to the following formula:</font></p>






















                                            <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">LIBOR
                                            Rate = </font><u><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                                            Offshore Base Rate&nbsp;&nbsp;&nbsp;
                                            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
                                            </font>














                </u>
                                            &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="2">1.00 -
                Eurodollar Reserve Percentage</font></p>














<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">Where,</font></p>


    <p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-24</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>


    <p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>


    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Offshore
    Base Rate</u>&quot; means a variable rate of interest equal to, at the
    Collateral Agent&#146;s election (a) the applicable London Interbank Offered
    Rate for deposits in Dollars quoted to the Collateral Agent by The Chase
    Manhattan Bank (or any successor thereof), or (b) the rate of interest
    determined by the Collateral Agent at which deposits in Dollars are offered
    for the relevant Interest Period based on information presented on Telerate
    Systems at Page 3750 as of 11:00 A.M. (London time) on the day which is two
    (2) Business Days prior to the first day of such Interest Period, <u>provided</u>
    <u>that,</u> if at least two such offered rates appear on the Telerate
    System at Page 3750 in respect of such Interest Period, the arithmetic mean
    of all such rates (as determined by the Collateral Agent) will be the rate
    used;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Eurodollar
    Reserve Percentage</u>&quot; means, for any day during any Interest Period,
    the reserve percentage (expressed as a decimal, rounded upward to the next
    1/100<sup>th</sup> of 1%) in effect on such day applicable to member banks
    under regulations issued from time to time by the Federal Reserve Board for
    determining the maximum reserve requirement (including any emergency,
    supplemental or other marginal reserve requirement) with respect to
    Eurocurrency funding (currently referred to as &quot;Eurocurrency
    liabilities&quot;). The Offshore Rate for each outstanding LIBOR Rate Loan
    shall be adjusted automatically as of the effective date of any change in
    the Eurodollar Reserve Percentage.</font></p>


  </blockquote>
</blockquote>


<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>LIBOR Rate
Loans</u>&quot; means, collectively, the LIBOR Revolving Loans and the LIBOR
Term Loans.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>LIBOR
Revolving Loan</u>&quot; means a Revolving Loan during any period in which it
bears interest based on the LIBOR Rate.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>LIBOR Term
Loan</u>&quot; means any portion of a Term Loan during any period in which such
portion bears interest based on the LIBOR Rate.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Lien</u>&quot;
means: (a) any interest in property securing an obligation owed to, or a claim
by, a Person other than the owner of the property, whether such interest is
based on the common law, statute, or contract, and including a security
interest, charge, claim, or lien arising from a mortgage, deed of trust,
encumbrance, pledge, hypothecation, assignment, deposit arrangement, agreement,
security agreement, conditional sale or trust receipt or a lease, consignment or
bailment for security purposes; (b) to the extent not included under <u>clause
(a)</u>, any reservation, exception, encroachment, easement, right-of-way,
covenant, condition, restriction, lease or other title exception or encumbrance
affecting property; and (c) any contingent or other agreement to provide any of
the foregoing.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Loan Account</u>&quot;
means the loan account of the Borrowers, which account shall be maintained by
the Collateral Agent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Loan Documents</u>&quot;
means this Agreement, the Patent and Trademark Agreements, the Intercompany
Security Documents Assignment, the Subordination Agreement, the Security
Agreement, the Mortgages, the Pledge Agreement, and any other agreements,
instruments, anddocuments heretofore, now or hereafter evidencing, securing,
guaranteeing or otherwise relating to the Obligations, the Collateral, or any
other aspect of the transactions contemplated by this Agreement.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-25</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> documents heretofore, now or hereafter evidencing, securing,
guaranteeing or otherwise relating to the Obligations, the Collateral, or any
other aspect of the transactions contemplated by this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Loans</u>&quot;
means, collectively, all loans and advances provided for in <u>Article&nbsp;1</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Margin Stock</u>&quot;
means &quot;margin stock&quot; as such term is defined in Regulation T, U or X
of the Federal Reserve Board.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Material
Adverse Effect</u>&quot; means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, properties, condition (financial
or otherwise) or prospects of the Borrowers, taken as a whole, or the
Collateral; (b) a material impairment of the ability of any Borrower or any
Affiliate of a Borrower to perform under any Loan Document to which it is a
party; or (c) a material adverse effect upon the legality, validity, binding
effect or enforceability against any Borrower of any Loan Document to which it
is a party.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Maximum Miller
Revolver Amount</u>&quot; means $56,000,000, as adjusted from time to time in
accordance with <u>Section 1.2(j)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Maximum
Revolver Amount</u>&quot; means $102,000,000.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Maximum
RoadOne Revolver Amount</u>&quot; means $46,000,000, as adjusted from time to
time in accordance with <u>Section 1.2(j)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Miller
Availability</u>&quot; means, at any time (a) the lesser of (i) the Maximum
Miller Revolver Amount or (ii) the Miller Borrowing Base, <u>minus</u> (b)
Reserves relating solely to the Miller Borrowers and their assets, other than
Reserves deducted in the calculation of the Miller Borrowing Base.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Miller
Borrowers</u>&quot; means, collectively, Parent and each of the Subsidiaries of
Parent listed on the signature pages to the Agreement as a &quot;Subsidiary
Miller Borrower&quot;.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Miller
Borrowing Base</u>&quot; means, at any time, an amount equal to:</font></p>


<blockquote>


    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;up to 80% of
    the Net Amount of Eligible Miller Accounts, </font><u><font face="Times New Roman" size="2">plus</font></p>
    </u>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the <u>lesser
    of</u> (i) $5,000,000 and (ii) the aggregate Net Amount of all Eligible
    Secured Accounts, provided that the Net Amount of each Eligible Secured
    Account will be limited to the <u>lesser of</u> (A) the Net Amount of such
    Eligible Secured Account and (B) 50% of the net amount (calculated at the
    lower of fair market value and cost, on a first-in, first-out basis) of the
    Eligible Independent Distributor Inventory securing such Eligible Secured
    Account, </font><u><font face="Times New Roman" size="2">plus</font></p>
    </u>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the <u>lesser
    of</u>:</font></p>
</blockquote>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-26</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(i) $80,000,000
    minus the amount of the Fleet Vehicle Availability and the Intercompany
    Inventory Availability; and</font></p>
</blockquote>
<blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman" size="2">(ii) the sum of:</font></p>
</blockquote>
<blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(A) up to 55% of
    the net amount (calculated at the lower of fair market value and cost, on a
    first-in, first-out basis) of Eligible Inventory consisting of raw
    materials, </font><u><font face="Times New Roman" size="2">plus</font></p>
  </blockquote>
    </u>
<blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(B) up to the
    lesser of (1) 75% of the net amount (calculated at the lower of fair market
    value and cost, on a first-in, first-out basis) of Eligible Inventory
    consisting of finished goods, and (ii) up to 75% of the Net Orderly
    Liquidation Value of Eligible Inventory consisting of finished goods (which
    shall be determined between Appraisal dates by reference to the ratio of the
    Net Orderly Liquidation Value of Eligible Inventory consisting of finished
    goods as set forth in the most recent quarterly Appraisal to the book value
    of Eligible Inventory consisting of finished goods as of the effective date
    of such Appraisal), </font><u><font face="Times New Roman" size="2">plus</font></p>
  </blockquote>
    </u>
<blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(d) Intercompany
    Availability; </font><u><font face="Times New Roman" size="2">minus</font></p>
  </blockquote>
    </u>
<blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(e) such Reserves
    as the Collateral Agent may establish from time to time in good faith.</font></p>
</blockquote>


<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Miller Excess
Availability</u>&quot; means, at any time (a) the Miller Borrowing Base, <u>minus</u>
(b) Reserves applicable to the Miller Borrowers, other than Reserves deducted in
the calculation of the Miller Borrowing Base, <u>minus</u> (c) the Aggregate
Miller Revolver Outstandings.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Miller
Revolving Credit Facility</u>&quot; means the credit facility for Revolving
Loans made available to the Miller Borrowers in accordance with <u>Section 1.2</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Miller Towing</u>&quot;
means Miller Industries Towing Equipment Inc., a Delaware corporation.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Mortgages</u>&quot;
means and includes any and all of the mortgages, deeds of trust, deeds to secure
debt, assignments and other instruments executed and delivered by the Borrowers
to or for the benefit of the Collateral Agent by which the Collateral Agent, on
behalf of the Agents, the Letter of Credit Issuer and the Lenders, acquires a
Lien on the owned Real Estate, and all amendments, modifications and supplements
thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Multi-employer
Plan</u>&quot; means a &quot;multi-employer plan&quot; as defined in Section
4001(a)(3) of ERISA which is or was at any time during the current year or the
immediately preceding six (6) years contributed to by any Borrower or any ERISA
Affiliate.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-27</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Navistar
Consignment Agreement</u>&quot; means that certain Consignment and Sales
Agreement, dated April 14, 1999, by and among the Navistar International
Transportation Corp., Lee Smith, Inc., and Miller Towing.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Navistar
Intercreditor Agreement</u>&quot; means that certain Intercreditor Agreement
executed or to be executed by and among the Collateral Agent, the Existing
Titled Collateral Agent, the Junior Creditors&#146; Agent, and Navistar Financial
Corporation.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Net Amount of
Eligible Accounts</u>&quot; means, at any time, the gross amount of Eligible
Accounts less (a) sales, excise or similar taxes, and less returns, discounts,
claims, credits and (b) allowances, accrued rebates, offsets, deductions,
counterclaims, disputes and other defenses of any nature at any time issued,
owing, granted, outstanding, available or claimed.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Net Junior
Creditor Proceeds</u>&quot; means all Net Proceeds received by any RoadOne
Debtor from any RoadOne Disposition, net of (a) all Net Senior Creditor
Proceeds, and (b) all Required Payments.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Net Orderly
Liquidation Value</u>&quot; means the net orderly liquidation value of the
finished goods Inventory and Fleet Vehicles, as reflected in the most recent
Appraisal received by the Collateral Agent in accordance with <u>Section 7.4(d)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Net Proceeds</u>&quot;
means, in connection with any Asset Disposition, the gross proceeds from such
Asset Disposition minus Asset Disposition Expenses.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Net Senior
Creditor Proceeds</u>&quot; means, with respect to any Asset Disposition (a) of
owned Real Estate, the amount advanced by the Lenders on the Closing Date
pursuant to the Term Loan with respect to such parcel of Real Estate, (b) of
Equipment (other than Fleet Vehicles), the amount advanced by the Lenders on the
Closing Date pursuant to the Term Loan with respect to such Equipment, (c) of
Fleet Vehicles, the amount included in the RoadOne Borrowing Base at the time of
such Asset Disposition with respect to such Fleet Vehicles, and (d) of Accounts,
the amount included in the RoadOne Borrowing Base at the time of such Asset
Disposition with respect to such Accounts.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Non-Ratable
Loan</u>&quot; and &quot;<u>Non-Ratable Loans</u>&quot; have the meanings
specified in <u>Section&nbsp;1.2(h)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Notice of
Borrowing</u>&quot; has the meaning specified in <u>Section&nbsp;1.2(b)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Notice of
Continuation/Conversion</u>&quot; has the meaning specified in <u>Section&nbsp;2.2(b)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Obligations</u>&quot;
means all present and future loans, advances, liabilities, obligations,
covenants, duties, and debts owing by the Borrowers to the Agents, the Letter of
Credit Issuer and/or any Lender, arising under or pursuant to this Agreement or
any of the other Loan Documents, whether or not evidenced by any note or other
instrument, whether arising from an extension of credit, opening of a letter of
credit, acceptance, loan, guaranty, indemnification or otherwise, whether direct
or indirect, absolute or contingent, due or to become due, primary or secondary,
as principal or guarantor, and including all principal, interest, charges,
expenses, fees,</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-28</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> attorneys&#146; fees, filing fees and any other sums chargeable to
the Borrowers hereunder or under any of the other Loan Documents.
&quot;Obligations&quot; includes, without limitation, (a) all debts,
liabilities, and obligations now or hereafter arising from or in connection with
the Letters of Credit and (b) all debts, liabilities and obligations now or
hereafter arising from or in connection with Bank Products.
&quot;Obligations&quot; does not include (i) any Subordinated Debt owing to Bank
of America, or (ii) any liabilities or obligations (including vehicle repurchase
obligations) owing to Bank of America under separate floorplanning arrangements
between Bank of America and one or more of the Borrowers.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Other Taxes</u>&quot;
means any present or future stamp or documentary taxes or any other excise or
property taxes, charges or similar levies which arise from any payment made
hereunder or from the execution, delivery or registration of, or otherwise with
respect to, this Agreement or any other Loan Documents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Participant</u>&quot;
means any Person who shall have been granted the right by any Lender to
participate in the financing provided by such Lender under this Agreement, and
who shall have entered into a participation agreement in form and substance
satisfactory to such Lender.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Patent&nbsp;and&nbsp;Trademark&nbsp;Agreements</u>&quot;
means the Conditional Assignment and Patent Security Agreement and the
Conditional Assignment and Trademark Security Agreement, each dated as of the
date hereof, executed and delivered by the Borrowers to the Collateral Agent to
evidence and perfect the Agent&#146;s Liens in the Borrowers&#146; present and future
patents, trademarks, and related licenses and rights.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Payment
Account</u>&quot; means each bank account established pursuant to the Security
Agreement, to which the proceeds of Accounts and other Collateral are deposited
or credited, and which is maintained in the name of the Collateral Agent or a
Borrower, as the Collateral Agent may determine, on terms acceptable to the
Collateral Agent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>PBGC</u>&quot;
means the Pension Benefit Guaranty Corporation or any Governmental Authority
succeeding to the functions thereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Pending
Revolving Loans</u>&quot; means, at any time, the aggregate principal amount of
all Revolving Loans requested to be made on such date in any Notice of Borrowing
received by the Collateral Agent which have not yet been advanced.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Pension Plan</u>&quot;
means a pension plan (as defined in Section 3(2) of ERISA) subject to Title IV
of ERISA which a Borrower sponsors, maintains, or to which it makes, is making,
or is obligated to make contributions, or in the case of a Multi-employer Plan
has made contributions at any time during the immediately preceding five (5)
plan years.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Permitted Debt</u>&quot;
has the meaning set forth in <u>Section 7.13</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Permitted
Intercompany Liens</u>&quot; means Liens granted by the Designated Subsidiaries
to the Miller Borrowers as security for Intercompany Accounts, which Liens will
at all times be senior to the Liens in favor of the Junior Creditors&#146; Agent.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-29</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Permitted&nbsp;Liens</u>&quot;
means:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens for taxes not
delinquent or statutory Liens for taxes in an amount not to exceed $250,000
provided that the payment of such taxes which are due and payable is being
contested in good faith and by appropriate proceedings diligently pursued and as
to which adequate financial reserves have been established on the Borrowers&#146;
books and records and a stay of enforcement of any such Lien is in effect;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Agent&#146;s
Liens;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens consisting of
deposits made in the ordinary course of business in connection with, or to
secure payment of, obligations under worker&#146;s compensation, unemployment
insurance, social security and other similar laws, or to secure the performance
of bids, tenders or contracts (other than for the repayment of Debt) or to
secure indemnity, performance or other similar bonds for the performance of
bids, tenders or contracts (other than for the repayment of Debt) or to secure
statutory obligations (other than liens arising under ERISA or Environmental
Liens) or surety or appeal bonds, or to secure indemnity, performance or other
similar bonds;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens securing the
claims or demands of materialmen, mechanics, carriers, warehousemen, landlords
and other like Persons, <u>provided</u> that if any such Lien arises from the
nonpayment of such claims or demand when due, such claims or demands do not
exceed $250,000 in the aggregate;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens constituting
encumbrances in the nature of reservations, exceptions, encroachments,
easements, rights of way, covenants running with the land, and other similar
title exceptions or encumbrances affecting any Real Estate; <u>provided</u> that
they do not in the aggregate materially detract from the value of the Real
Estate or materially interfere with its use in the ordinary conduct of the
Borrowers&#146; business;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising from
judgments and attachments in connection with court proceedings provided that the
attachment or enforcement of such Liens would not result in an Event of Default
hereunder and such Liens are being contested in good faith by appropriate
proceedings, adequate reserves have been set aside and no material Property is
subject to a material risk of loss or forfeiture and a stay of execution pending
appeal or proceeding for review is in effect;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens in favor of
the Junior Creditors&#146; Agent, provided such Liens (other than the Junior
Creditors&#146; Agent&#146;s Liens in the &quot;Junior Creditors&#146; Priority
Collateral&quot; described in the Subordination Agreement) are at all times
subordinated to the Agent&#146;s Liens in accordance with the terms of the
Subordination Agreement;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Permitted
Intercompany Liens;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens, if any, in
effect as of the Closing Date described in <u>Schedule&nbsp;7.18</u> securing
Debt described in <u>Schedule 7.18</u>;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-30</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens securing
Capital Leases and purchase money Debt permitted in <u>Section 7.13(c)</u>;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising in
connection with inventory repurchase obligations permitted under <u>Section
7.13(i)</u>, provided such Liens are limited to the inventory and proceeds
thereof subject to the financing arrangement contemplated by the applicable
Repurchase Agreement;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising in
connection with floorplan financings in effect on the date hereof or otherwise
permitted under <u>Section 7.29</u>, provided such Liens are limited to the
inventory and proceeds thereof subject to the applicable Chassis Floorplan
Agreement; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising in
connection with the Navistar Consignment Agreement with respect to the chassis
subject thereto and related collateral, provided that such Liens are subject to
the Navistar Intercreditor Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Permitted
Payment</u>&quot; means (a) regularly scheduled payments of principal, interest
(including interest owed to the Junior Creditors for periods from July&nbsp;1,
2001 through the Closing Date under the existing senior credit facility with the
Borrowers) and fees on the dates, in the amounts and at the interest rate set
forth in the Junior Credit Agreement as in effect on the date hereof, and (b)
principal prepayments in the amount of the Net Junior Creditor Proceeds of any
RoadOne Disposition, such principal prepayments to be payable no earlier than
the fifth (5<sup>th</sup>) Business Day following the consummation of the
applicable RoadOne Disposition; provided, that, (i) no payment may be made under
<u>clause (a)</u> or <u>(b)</u> above unless, on the date such payment is due
and after giving effect to the making of such payment, no Default or Event of
Default exists, (ii) no principal prepayment under <u>clause (b)</u> may exceed
the amount that would cause Excess Availability, after giving effect to the
making of any such principal prepayment, to be less than the Availability
Requirement, and (iii) with respect to any regularly scheduled principal
payment, (A) no such regularly scheduled principal payment may be made until the
fifth (5<sup>th</sup>) Business Day following the receipt by the Collateral
Agent and the Lenders of the Initial Financial Statements (as defined below);
thereafter, no such principal payment may be made until the fifth (5<sup>th</sup>)
Business Day following the receipt by the Collateral Agent and the Lenders of
the latest monthly or quarterly (as applicable) Financial Statements of the
Borrowers then due under <u>Section 5.2(b)</u>, and (B) such regularly scheduled
principal payment may not exceed the lesser of (1) the amount that would cause
the Fixed Charge Coverage Ratio, calculated for the Borrowers&#146; twelve fiscal
month period most recently ended (or, in the case of the first regularly
scheduled principal payment, for the fiscal period from May 1, 2001 through the
end of the below-defined Stub Period and for the twelve (12) month fiscal</font></p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-31</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">period
ending as of the end of the Stub Period), to be less than 1.15 to&nbsp;1 after
giving effect to such payment, (2) the amount that would cause Excess
Availability to be less than the Availability Requirement after giving effect to
such payment, and (3) $875,000 plus the amount of previously scheduled regular
principal payments that were not made as a result of the restrictions set forth
above in <u>clauses (1)</u> and/or <u>(2)</u>. As used herein, &quot;<u>Initial
Financial Statements</u>&quot; means Borrowers&#146; audited Financial Statements
for the fiscal period from May&nbsp;1, 2001 through December 31, 2001 or January
31, 2002 (the &quot;Stub Period&quot;), as elected by Borrowers (provided that,
if Borrowers have changed their fiscal year end to December 31 or January 31,
the Stub Period shall end as of such fiscal year end), together with Borrowers&#146;
unaudited monthly Financial Statements for each other month in the twelve (12)
month fiscal period ending as of the end of the Stub Period. In the event that
the Borrowers are not permitted to make a principal prepayment of all or part of
the Net Junior Creditor Proceeds from a RoadOne Disposition as a result of <u>clause
(ii)</u> above, the Borrowers shall be permitted to make the unpaid portion of
such prepayment on the date the next regularly scheduled principal payment is
due to the extent that, after making such principal prepayment and the regularly
scheduled principal payment due on such date, Excess Availability is equal to or
greater than the Availability Requirement and the Fixed Charge Coverage Ratio is
equal to or greater than 1.15 to&nbsp;1 for the fiscal period(s) set forth above
under <u>clause (B)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Permitted
Refinancing</u>&quot; means any refinancing of all Liabilities under the
Subordinated Debt as long as (a) no Default or Event of Default exists at the
time of such refinancing, and (b) such refinancing is consummated exclusively
from the proceeds of the incurrence or issuance of Permitted Refinancing Debt or
Permitted Refinancing Stock.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Permitted
Refinancing Debt</u>&quot; means Debt that (a) is subordinated to the
Obligations on terms no less favorable in any respect to the Collateral Agent
and the Required Lenders than the terms set forth in the Subordination Agreement
and otherwise on terms acceptable to the Collateral Agent and the Required
Lenders in their good faith judgment, (b) is not secured by any Lien except for
Liens in the assets of the Borrowers securing the Subordinated Debt, all of
which Liens shall be subordinated to the Agent&#146;s Liens on terms no less
favorable in any respect to the Collateral Agent and the Required Lenders than
the terms set forth in the Subordination Agreement and otherwise on terms
acceptable to the Collateral Agent and the Required Lenders in their good faith
judgment, (c) is in a principal amount of no more than the outstanding principal
balance of the Subordinated Debt at the time of such Permitted Refinancing, plus
all accrued interest and fees thereon, plus such closing fees and expenses with
respect to the new subordinated Debt as may be acceptable to the Collateral
Agent and the Required Lenders in their good faith judgment, and (d) is
otherwise acceptable to the Collateral Agent and the Required Lenders in their
good faith judgment, it being understood that all proceedings, terms, conditions
and provisions applicable to such new subordinated Debt (including the maturity
thereof, the interest rate thereon, all fees payable thereunder, and the
covenants and defaults applicable thereto) must be acceptable to the Collateral
Agent and the Required Lenders in their good faith judgment.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;Permitted
Refinancing Stock&quot; means preferred equity securities issued by Parent
that (a) do not provide for any regularly scheduled or mandatory payments
(whether in the form of cash dividends or redemption payments) prior to the
Stated Termination Date, (b) is not secured by any Lien, (c) is in a principal
amount of no more than the outstanding principal balance of the Subordinated
Debt at the time of such Permitted Refinancing, plus all accrued interest and
fees thereon, plus such closing fees and expenses with respect to the closing of
the equity securities issuance as may be acceptable to the Collateral Agent and
the Required Lenders in their good faith judgment, and (d) is otherwise
acceptable to the Collateral Agent and the Required Lenders in their good faith
judgment, it being understood that all proceedings, terms, conditions and
provisions applicable to such equity securities (including all payment rights
thereunder, all fees payable thereunder, and any covenants and defaults
applicable thereto) must be acceptable to the Collateral Agent and the Required
Lenders in their good faith judgment.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-32</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Person</u>&quot;
means any individual, sole proprietorship, partnership, limited liability
company, joint venture, trust, unincorporated organization, association,
corporation, Governmental Authority, or any other entity.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Plan</u>&quot;
means an employee benefit plan (as defined in Section 3(3) of ERISA) which a
Borrower sponsors or maintains or to which a Borrower makes, is making, or is
obligated to make contributions and includes any Pension Plan.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Pledge
Agreement</u>&quot; means, collectively, each pledge agreement pursuant to which
a Borrower pledges to the Collateral Agent its interest in the equity interests
of its Subsidiaries.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Profiles
Company</u>&quot; means Profiles International Inc.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Profiles
Company Agreement</u>&quot; means the letter agreement dated on or about the
Closing Date between the Collateral Agent and the Profiles Company with respect
to certain matters relating to the Profiles Company&#146;s collection of Accounts
on behalf of the Borrowers.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Proprietary
Rights</u>&quot; means, as to any Borrower, all of such Borrower&#146;s now owned
and hereafter arising or acquired licenses, franchises, permits, patents, patent
rights, copyrights, works which are the subject matter of copyrights,
trademarks, service marks, trade names, trade styles, patent, trademark and
service mark applications, and all licenses and rights related to any of the
foregoing, including those patents, trademarks, service marks, trade names and
copyrights of such Borrower set forth on <u>Schedule&nbsp;6.12</u> hereto, and
all other rights under any of the foregoing, all extensions, renewals, reissues,
divisions, continuations, and continuations-in-part of any of the foregoing, and
all rights to sue for past, present and future infringement of any of the
foregoing.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Pro Rata Share</u>&quot;
means, with respect to a Lender, a fraction (expressed as a percentage), the
numerator of which is the amount of such Lender&#146;s Commitment and the
denominator of which is the sum of the amounts of all of the Lenders&#146;
Commitments, or if no Commitments are outstanding, a fraction (expressed as a
percentage), the numerator of which is the amount of Obligations owed to such
Lender and the denominator of which is the aggregate amount of the Obligations
owed to the Lenders, in each case giving effect to a Lender&#146;s participation in
Non-Ratable Loans and Agent Advances.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Real Estate</u>&quot;
means, as to any Borrower, all of such Borrower&#146;s now or hereafter owned or
leased estates in real property, including, without limitation, all fees,
leaseholds and future interests, together with all of such Borrower&#146;s now or
hereafter owned or leased interests in the improvements thereon, the fixtures
attached thereto and the easements appurtenant thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Release</u>&quot;
means a release, spill, emission, leaking, pumping, injection, deposit,
disposal, discharge, dispersal, leaching or migration of a Contaminant into the
indoor or outdoor environment or into or out of any Real Estate or other
property, including the movement of Contaminants through or in the air, soil,
surface water, groundwater or Real Estate or other property.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-33</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Reportable
Event</u>&quot; means, any of the events set forth in Section 4043(b) of ERISA
or the regulations thereunder, other than any such event for which the 30-day
notice requirement under ERISA has been waived in regulations issued by the PBGC.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Repurchase
Agreement</u>&quot; means any agreement pursuant to which any Borrower agrees to
(a) purchase or repurchase sold or leased Inventory from any Independent
Distributor or other Person, or (b) otherwise indemnify or make whole any
Independent Distributor or other Person with respect to any loss arising out of
the purchase or financing of Inventory sold or leased by a Borrower.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Required
Lenders</u>&quot; means at any time Lenders whose Pro Rata Shares aggregate more
than 50%.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Required
Payments</u>&quot; means, in the case of any RoadOne Borrower subject to an
Asset Disposition, collectively, (a) the aggregate amount of all outstanding
loans and advances made by any Miller Borrower to any RoadOne Borrower on or
after the Closing Date, together with all interest thereon, (b) the aggregate
amount of all payables owing by such RoadOne Borrower to other Borrowers with
respect to the purchase of Inventory or Fleet Vehicles, (c) all outstanding Debt
(other than the Obligations and Subordinated Debt) and other outstanding
Liabilities of such RoadOne Borrower to Persons other than Borrowers, other
than, in the case of any Asset Disposition involving less than all of the assets
of a RoadOne Borrower, (i) Debt and Liabilities specifically relating to assets
of such RoadOne Borrower that are not included in such Asset Disposition, and
(ii) a portion of all other Debt and Liabilities of such RoadOne Borrower
corresponding to the percentage of the assets of such RoadOne Borrower that are
not included in such Asset Disposition in relation to all of the assets of such
RoadOne Borrower, in each case as determined by the Borrowers and Collateral
Agent in good faith, and (d) the payment of the Obligations in accordance with <u>Section
3.8</u> in an aggregate amount of all Guaranties issued by Parent in accordance
with <u>Section 7.13(h)</u> in connection with such Asset Disposition.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Requirement of
Law</u>&quot; means, as to any Person, any law (statutory or common), treaty,
rule or regulation or determination of an arbitrator or of a Governmental
Authority, in each case applicable to or binding upon the Person or any of its
property or to which the Person or any of its property is subject.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Reserves</u>&quot;
means reserves that limit the availability of credit hereunder, consisting of
reserves against Availability, Miller Availability, RoadOne Availability,
Eligible Accounts, Eligible Fleet Vehicles, Eligible Independent Distributor
Inventory, Eligible Inventory or Eligible Secured Accounts, established by the
Collateral Agent from time to time in the Collateral Agent&#146;s reasonable credit
judgment. Without limiting the generality of the foregoing, the following
reserves shall be deemed to be a reasonable exercise of Collateral Agent&#146;s
credit judgment: (a)&nbsp;Bank Product Reserves, (b)&nbsp;a reserve for accrued,
unpaid interest on the Obligations, (c)&nbsp;reserves for three (3) months&#146;
rent at leased locations subject to statutory or contractual landlord Liens to
the extent such Liens have not been subordinated to the Obligations on terms
satisfactory to the Collateral Agent, provided that no such reserve shall apply
with respect to leased locations of any RoadOne Borrower until January&nbsp;1,
2002, (d)&nbsp;Inventory shrinkage, (e)&nbsp;Environmental Compliance Reserves,
(f)&nbsp;customs charges, (g)&nbsp;dilution, (h)&nbsp;warehousemen&#146;s or
bailees&#146; charges, (i)&nbsp;a reserve for amounts payable by the Borrowers for
chassis with all or a portion of wrecker bodies attached that are included in
Eligible Inventory and Eligible Designated Subsidiary Inventory, to the extent
of all unpaid amounts owing by the Borrowers with respect to such chassis,
and&nbsp;(j) a reserve for Eligible Accounts arising from the sale of chassis
with wrecker bodies attached, to the extent of all unpaid amounts owing by the
Borrowers with respect to such chassis.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-34</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">&quot;<u>Responsible
Officer</u>&quot; means the chief executive officer or the president of Parent,
or any other officer having substantially the same authority and responsibility;
or, with respect to compliance with financial covenants and the preparation of
the Borrowing Base Certificate, the chief financial officer or the treasurer of
Parent, or any other officer having substantially the same authority and
responsibility.</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">&quot;<u>Restricted&nbsp;Investment</u>&quot;
means, as to the Borrowers, any acquisition of property by the Borrowers in
exchange for cash or other property, whether in the form of an acquisition of
stock, debt, or other indebtedness or obligation, or the purchase or acquisition
of any other property, or a loan, advance, capital contribution, or
subscription, except the following: (a) acquisitions of Equipment to be used in
the business of the Borrowers so long as the acquisition costs thereof
constitute Capital Expenditures permitted hereunder; (b) acquisitions of
Inventory in the ordinary course of business of the Borrowers; (c) Accounts
arising and trade credit granted in the ordinary course of business and any
securities received in satisfaction or partial satisfaction thereof in
connection with Accounts of financially troubled Persons to the extent
reasonably necessary in order to prevent or limit loss, provided that the
Borrowers shall comply with all provisions of the Security Agreement with
respect to the perfection of the Agent&#146;s Lien therein; (d) loans, advances and
other investments, including joint ventures, existing as of the date hereof and
set forth in <u>Schedule 6.9</u> or <u>7.10</u>; (e) intercompany loans from any
Miller Borrower to another Miller Borrower, and intercompany loans from any
RoadOne Borrower to another RoadOne Borrower; (f) intercompany loans from the
Miller Borrowers to the RoadOne Borrowers made on or after the Closing Date in
an aggregate amount outstanding not to exceed $1,000,000 at any time, provided
that all such intercompany loans shall be paid in full and no longer available
for borrowing on and after the Transition Date; (g) intercompany loans from the
RoadOne Borrowers to the Miller Borrowers made on or after the Closing Date in
an aggregate amount outstanding not to exceed $1,000,000 at any time; (h)
intercompany loans from the Borrowers to Subsidiaries incorporated or organized
under the laws of a jurisdiction other than a state of the United States of
America in an aggregate amount outstanding not to exceed $100,000 at any time; (i)
loans and advances to employees in the ordinary course of business in an
aggregate amount outstanding not to exceed $200,000 at any time; (j) direct
obligations of the United States of America, or any agency thereof, or
obligations guaranteed by the United States of America, <u>provided</u> that
such obligations mature within one year from the date of acquisition thereof;
(k) acquisitions of certificates of deposit maturing within one year from the
date of acquisition, bankers&#146; acceptances, Eurodollar bank deposits, or
overnight bank deposits, in each case issued by, created by, or with a bank or
trust company organized under the laws of the United States of America or any
state thereof having capital and surplus aggregating at least $100,000,000; (l)
acquisitions of commercial paper given a rating of &quot;A2&quot; or better by
Standard &amp; Poor&#146;s Corporation or &quot;P2&quot; or better by Moody&#146;s
Investors Service, Inc. and maturing not more than ninety (90) days from the
date of creation thereof; and (m) Hedge Agreements.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">A-35</font></p>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Revolving
Loans</u>&quot; has the meaning specified in <u>Section&nbsp;1.2</u> and
includes each Agent Advance and Non-Ratable Loan.</font></p>
<u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;RoadOne
Availability</font></u><font face="Times New Roman" size="2">&quot; means, at
any time (a) the lesser of (i) the Maximum RoadOne Revolver Amount or (ii) the
RoadOne Borrowing Base, <u>minus</u> (b) Reserves relating solely to the RoadOne
Borrowers and their assets, other than Reserves deducted in the calculation of
the RoadOne Borrowing Base.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>RoadOne
Borrowers</u>&quot; means, collectively, each of the Subsidiaries of Parent
listed on the signature pages to the Agreement as a &quot;Subsidiary RoadOne
Borrower&quot;.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;RoadOne<u>
Borrowing Base</u>&quot; means, at any time, an amount equal to:</font></p>


<blockquote>
  <blockquote>


    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;up to 60% of
    the Net Amount of Eligible RoadOne Accounts, </font><u><font face="Times New Roman" size="2">plus</font></p>
    </u>
    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the <u>lesser
    of</u>:</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$80,000,000
    minus the amount of the Inventory Availability and the Intercompany
    Inventory Availability; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;up to 80% of
    the Net Orderly Liquidation Value of Eligible Fleet Vehicles (which shall be
    determined between Appraisal dates by reference to the ratio of the Net
    Orderly Liquidation Value of Eligible Fleet Vehicles as set forth in the
    most recent quarterly Appraisal to the book value of Eligible Fleet Vehicles
    as of the effective date of such Appraisal), </font><u><font face="Times New Roman" size="2">minus</font></p>
    </u>
    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such Reserves
    as the Collateral Agent may establish from time to time in good faith.</font></p>
    </blockquote>
  </blockquote>
    <p ALIGN="JUSTIFY">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>RoadOne
Disposition</u>&quot; means any Asset Disposition (other than in connection with
an Event of Default described in <u>Section 9.1(e</u>), <u>(f)</u>, <u>(g)</u>
or <u>(h)</u>) that is permitted under and consummated in accordance with <u>Section
7.9(g)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>RoadOne Excess
Availability</u>&quot; means, at any time (a) the RoadOne Borrowing Base, <u>minus</u>
(b) Reserves applicable to the RoadOne Borrowers, other than Reserves deducted
in the calculation of the RoadOne Borrowing Base, <u>minus</u> (c) the Aggregate
RoadOne Revolver Outstandings.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>RoadOne
Revolving Credit Facility</u>&quot; means the credit facility for Revolving
Loans made available to the RoadOne Borrowers in accordance with <u>Section 1.2</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Security
Agreement</u>&quot; means the Security Agreement of even date herewith among the
Borrowers and the Collateral Agent for the benefit of the Collateral Agent, the
Letter of Credit Issuer and the Lenders.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
  <p ALIGN="center"><font face="Times New Roman" size="2">A-36</font></p>
  <hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Settlement&quot;</u>
and &quot;<u>Settlement Date</u>&quot; have the meanings specified in <u>Section&nbsp;12.15(a)(ii)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Solvent</u>&quot;
means, when used with respect to any Borrower, that at the time of
determination:</font></p>


  <blockquote>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
    assets of
    such Borrower, at a fair valuation, are in excess of the total amount of its
    debts (including contingent liabilities); and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the present
    fair saleable value of its assets is greater than its probable liability on
    its existing debts as such debts become absolute and matured; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;it is then able
    and expects to be able to pay its debts (including contingent debts and
    other commitments) as they mature; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;it has capital
    sufficient to carry on its business as conducted and as proposed to be
    conducted.</font></p>


  </blockquote>


<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">For purposes of
determining whether a Borrower is Solvent, (i) the amount of any contingent
liability shall be computed as the amount that, in light of all the facts and
circumstances existing at such time, represents the amount that can reasonably
be expected to become an actual or matured liability, and (ii) the provisions of
<u>Section 3.15</u> shall be taken into account.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Stated
Termination Date</u>&quot; means July 23, 2005.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Subordinated
Debt</u>&quot; means all Liabilities owing by any Borrower to any of the Junior
Creditors or the Junior Creditors&#146; Agent from time to time pursuant to the
Junior Credit Agreement and the other documents, agreements and instruments
executed in connection therewith (including, without limitation, all principal,
interest, fees, Liabilities relating to or arising out of any warrants or other
any equity interests in any Borrower, Liabilities arising out of any guarantees,
and all indemnities, costs, and expenses).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Subordination
Agreement</u>&quot; means the Subordination Agreement, dated as of the date of
the Agreement, among the Collateral Agent, the Junior Creditors&#146; Agent and the
Junior Creditors, pursuant to which the Junior Creditors&#146; Agent and the Junior
Creditors subordinate (a) all Subordinated Debt to the Obligations and (b) all
Liens securing such Debt to the Agent&#146;s Liens.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Subsidiary</u>&quot;
of a Person means any corporation, association, partnership, limited liability
company, joint venture or other business entity of which more than fifty percent
(50%) of the voting stock or other equity interests (in the case of Persons
other than corporations), is owned or controlled directly or indirectly by the
Person, or one or more of the Subsidiaries of the Person, or a combination
thereof. Unless the context otherwise clearly requires, references herein to a
&quot;Subsidiary&quot; refer to a Subsidiary of Parent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Supporting
Obligations</u>&quot; means all supporting obligations as such term is defined
in the UCC.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
  <p ALIGN="center"><font face="Times New Roman" size="2">A-37</font></p>
  <hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Syndication
Agent</u>&quot; means Bank of America, solely in its capacity as syndication
agent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Taxes</u>&quot;
means any and all present or future taxes, levies, imposts, deductions, charges
or withholdings, and all liabilities with respect thereto, excluding, in the
case of each Lender and the Agents, such taxes (including income taxes or
franchise taxes) as are imposed on or measured by any Agent&#146;s or Lender&#146;s
net income in any jurisdiction (whether federal, state or local and including
any political subdivision thereof) under the laws of which such Agent or Lender,
as the case may be, is organized or maintains a lending office.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Term Loan</u>&quot;
and &quot;<u>Term Loans</u>&quot; have the meanings specified in <u>Section
1.3(a)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Termination
Date</u>&quot; means the earliest to occur of (a) the Stated Termination Date,
(b) the date the Total Facility is terminated either by the Borrowers pursuant
to <u>Section 3.2</u> or by the Required Lenders pursuant to <u>Section 9.2</u>,
and (c) the date this Agreement is otherwise terminated for any reason
whatsoever pursuant to the terms of this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Transition
Date</u>&quot; means the date on which all of the following requirements are
satisfied: (a) the consummation of the Asset Disposition of the assets and/or
stock of the RoadOne Borrowers on substantially the terms set forth in the March
2001 Confidential Memorandum prepared by Wachovia Securities, Inc., (b) all
Revolving Loans and other Obligations under or with respect to the RoadOne
Revolving Credit Facility shall have been paid in full in immediately available
funds, and all Commitments of the Lenders with respect to the RoadOne Revolving
Credit Facility shall have terminated, (c) the amount of the Term Loan made to
the Borrowers with respect to the Fixed Assets of RoadOne shall have been paid
in full in immediately available funds, and (d) all intercompany loans and
advances made by the Miller Borrowers to the RoadOne Borrowers in accordance
with <u>clause (f)</u> of the definition of &quot;Restricted Investment&quot;
shall have been paid in full in immediately available funds.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Total&nbsp;Facility</u>&quot;
has the meaning specified in <u>Section 1.1</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>UCC</u>&quot;
means the Uniform Commercial Code, as in effect from time to time, of the State
of Georgia or of any other state the laws of which are required as a result
thereof to be applied in connection with the issue of perfection of security
interests.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Unfunded
Pension Liability</u>&quot; means the excess of a Plan&#146;s benefit liabilities
under Section 4001(a)(16) of ERISA, over the current value of that Plan&#146;s
assets, determined in accordance with the assumptions used for funding the
Pension Plan pursuant to Section 412 of the Code for the applicable plan year.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Unused Letter
of Credit Subfacility</u>&quot; means an amount equal to $10,000,000 <u>minus</u>
the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit
<u>plus</u>, without duplication, (b) the aggregate unpaid reimbursement
obligations with respect to all Letters of Credit.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Unused Line
Fee</u>&quot; has the meaning specified in <u>Section 2.5</u>.</font></p>
<u>
<p ALIGN="JUSTIFY">&nbsp;</p>
  </u><p ALIGN="center"><font face="Times New Roman" size="2">A-38</font></p>
<u>
<hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">Accounting&nbsp;Terms</font></u><font face="Times New Roman" size="2">.
Any accounting term used in the Agreement shall have, unless otherwise
specifically provided herein, the meaning customarily given in accordance with
GAAP, and all financial computations in the Agreement shall be computed, unless
otherwise specifically provided therein, in accordance with GAAP as consistently
applied and using the same method for inventory valuation as used in the
preparation of the Financial Statements.</font></p>
<u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2"><a NAME="_Toc430684112">Interpretive
Provisions</a></font></u><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp; The
meanings of defined terms are equally applicable to the singular and plural
forms of the defined terms.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The words
&quot;hereof,&quot; &quot;herein,&quot; &quot;hereunder&quot; and similar words
refer to the Agreement as a whole and not to any particular provision of the
Agreement; and Subsection, Section, Schedule and Exhibit references are to the
Agreement unless otherwise specified.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The term
&quot;documents&quot; includes any and all instruments, documents, agreements,
certificates, indentures, notices and other writings, however evidenced.</font></p>


  <blockquote>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The term
    &quot;including&quot; is not limiting and means &quot;including without
    limitation.&quot;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the
    computation of periods of time from a specified date to a later specified
    date, the word &quot;from&quot; means &quot;from and including,&quot; the
    words &quot;to&quot; and &quot;until&quot; each mean &quot;to but
    excluding&quot; and the word &quot;through&quot; means &quot;to and
    including.&quot;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(iv) The word
    &quot;or&quot; is not exclusive.</font></p>


  </blockquote>


<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise
expressly provided herein, (i) references to agreements (including the
Agreement) and other contractual instruments shall be deemed to include all
subsequent amendments and other modifications thereto, but only to the extent
such amendments and other modifications are not prohibited by the terms of any
Loan Document, and (ii) references to any statute or regulation are to be
construed as including all statutory and regulatory provisions consolidating,
amending, replacing, supplementing or interpreting the statute or regulation.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The captions and
headings of the Agreement and other Loan Documents are for convenience of
reference only and shall not affect the interpretation of the Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agreement and
other Loan Documents may use several different limitations, tests or
measurements to regulate the same or similar matters. All such limitations,
tests and measurements are cumulative and shall each be performed in accordance
with their terms.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For purposes of <u>Section&nbsp;9.1</u>,
a breach of a financial covenant contained in <u>Sections&nbsp;7.22</u> through <u>7.25</u>
shall be deemed to have occurred as of any date of determination thereof by the
Collateral Agent or as of the last day of any specified measuring period,
regardless of when the Financial Statements reflecting such breach are delivered
to the Collateral Agent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agreement and
the other Loan Documents are the result of negotiations among and have been
reviewed by counsel to the Agents, the Borrowers and the</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
  <p ALIGN="center"><font face="Times New Roman" size="2">A-39</font></p>
  <hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> other parties, and are
the products of all parties. Accordingly, they shall not be construed against
the Lenders or the Agents merely because of the Agents&#146; or Lenders&#146;
involvement in their preparation.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
  <p ALIGN="center"><font face="Times New Roman" size="2">A-40</font></p>
  <hr color="#000080" align="right">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">EXHIBIT A</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">FORM OF BORROWING BASE
CERTIFICATE</font></p>
</b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
  <hr color="#000080" align="right">
<p ALIGN="CENTER">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">EXHIBIT B</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">NOTICE OF BORROWING</font></p>
</b>
<p ALIGN="RIGHT"><font face="Times New Roman" size="2">Date: ______________,
200_</font></p>
<u>
<p ALIGN="left">&nbsp;</p>


  </u>
  <table border="0" width="687">
    <tr>
      <td width="37" valign="top">
  <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">To:</font></p>
      </td>
      <td width="636">
  <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> The CIT
  Group/Business Credit, Inc. as the Collateral Agent for the Lenders who are
  parties to the Credit Agreement dated as of July __, 2001 (as extended,
  renewed, amended or restated from time to time, the &quot;<u>Credit Agreement</u>&quot;)
  among Miller Industries, Inc. and certain of its Subsidiaries, certain Lenders
  which are parties thereto, the Collateral Agent, and Bank of America, N.A., as
  Administrative Agent, Syndication Agent, Existing Titled Collateral Agent and
  Letter of Credit Issuer</font></p>
      </td>
    </tr>
  </table>
  <p ALIGN="JUSTIFY">&nbsp;</p>


<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Ladies and Gentlemen:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">The undersigned,
___________________________ (the &quot;<u>Borrower</u>&quot;), refers to the
Credit Agreement, the terms defined therein being used herein as therein
defined, and hereby gives you notice irrevocably of the Borrowing specified
below:</font></p>






  <blockquote>
    <ol>
      <li>
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
            Business Day of the proposed Borrowing is <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>,
            200<u>&nbsp; </u>.<br>
        </font></li>
      <li>
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
            aggregate amount of the proposed Borrowing is $<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
            </u>.<br>
        </font></li>
      <li>
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
            Borrowing is to be comprised of $<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
            </u>of Base Rate and $<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
            </u>of LIBOR Rate Loans.<br>
        </font></li>
      <li>
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
            duration of the Interest Period for the LIBOR Rate Loans, if any,
            included in the Borrowing shall be _____ months. The
            proposed Borrowing will constitute a Borrowing by a [Miller
            Borrowers] [RoadOne Borrowers].</font></li>
    </ol>
  </blockquote>






<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">The undersigned hereby
certifies that the following statements are true on the date hereof, and will be
true on the date of the proposed Borrowing, before and after giving effect
thereto and to the application of the proceeds therefrom:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The representations
and warranties of the Borrowers contained in the Credit Agreement are true and
correct in all material respects as though made on and as of such date;</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
  <hr color="#000080" align="right">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Default or Event
of Default has occurred and is continuing, or would result from such proposed
Borrowing; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The proposed
Borrowing will not cause the aggregate principal amount of all outstanding
Revolving Loans [<u>plus</u> the aggregate amount available for drawing under
all outstanding Letters of Credit], to exceed the [Miller] [RoadOne] Borrowing
Base, the combined commitments of the Lenders, or any other restriction set
forth in the Credit Agreement.</font></p>














  <table border="0" width="687">
    <tr>
      <td width="341">
                            <p ALIGN="LEFT"><b><font face="Times New Roman" size="2">&nbsp;</font></b></p>
      </td>
      <td width="332">
                            <p ALIGN="LEFT">














                            <b>
                            <font face="Times New Roman" size="2">[NAME
                            OF BORROWER]</font>
                            </b>
        </p>
                            <p ALIGN="LEFT">&nbsp;</p>
      </td>
    </tr>
    <tr>
      <td width="341">
                            <p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;</font></p>
      </td>
      <td width="332">
                            <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:__________________________</font></p>
                            <p ALIGN="LEFT">&nbsp;</p>
      </td>
    </tr>
    <tr>
      <td width="341">
                            <p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;</font></p>
      </td>
      <td width="332"><p ALIGN="LEFT"><font face="Times New Roman" size="2">Title:_________________________</font></p>
      </td>
    </tr>
  </table>
                            <p ALIGN="CENTER">&nbsp;</p>














                            <p ALIGN="CENTER">&nbsp;</p>














  <hr color="#000080" align="right">
                            <p ALIGN="left">&nbsp;</p>














<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">EXHIBIT C</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">FINANCIAL STATEMENTS</font></p>
</b>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">[Pro Forma Financial
Statements]</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">[Projections]</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
  <hr color="#000080" align="right">
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">EXHIBIT D</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">NOTICE OF
CONTINUATION/CONVERSION</font></p>
</u></b>
<p ALIGN="RIGHT"><font face="Times New Roman" size="2">Date: <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>,
200_</font></p>


  <table border="0" width="687">
    <tr>
      <td valign="top" width="50">


    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">To:&nbsp;</font></p>
      </td>
      <td width="623">


    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> The CIT
    Group/Business Credit, Inc. as the Collateral Agent for the Lenders who are
    parties to the Credit Agreement dated as of July __, 2001 (as extended,
    renewed, amended or restated from time to time, the &quot;<u>Credit
    Agreement</u>&quot;) among Miller Industries, Inc. and certain of its
    Subsidiaries, certain Lenders which are parties thereto, the Collateral
    Agent, and Bank of America, N.A., as Administrative Agent, Syndication
    Agent, Existing Titled Collateral Agent and Letter of Credit Issuer</font></p>
      </td>
    </tr>
  </table>
    <p ALIGN="JUSTIFY">&nbsp;</p>


<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Ladies and Gentlemen:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">The undersigned,
___________________________ (the &quot;<u>Borrower</u>&quot;), refers to the
Credit Agreement, the terms defined therein being used herein as therein
defined, and hereby gives you notice irrevocably of the [conversion]
[continuation] of the Loans specified herein, that:</font></p>






  <blockquote>
    <ol>
      <li>
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
            Continuation/Conversion Date is <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>,
            200<u>&nbsp;</u>.<br>
        </font></li>
      <li>
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
            aggregate amount of the Loans to be [converted] [continued] is
            $_____________.<br>
        </font></li>
      <li>
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">&nbsp;The
            Loans are to be [converted into] [continued as] [LIBOR Rate] [Base
            Rate] Loans.<br>
        </font></li>
      <li>
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The
            duration of the Interest Period for the LIBOR Rate Loans included in
            the [conversion] [continuation] shall be _____ months.</font></li>
    </ol>
  </blockquote>






<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">The undersigned hereby
certifies that the following statements are true on the date hereof, and will be
true on the proposed Continuation/Conversion Date, before and after giving
effect thereto and to the application of the proceeds therefrom:</font></p>


    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
    representations and warranties of the Borrowers contained in the Credit
    Agreement are true and correct in all material respects as though made on
    and as of such date;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Default or
    Event of Default has occurred and is continuing, or would result from such
    proposed [conversion] [continuation]; and</font></p>
    <p ALIGN="JUSTIFY">&nbsp;</p>


    <p ALIGN="JUSTIFY">&nbsp;</p>


  <hr color="#000080" align="right">
    <p ALIGN="JUSTIFY">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The proposed
[conversion] [continuation] will not cause the aggregate principal amount of all
outstanding Revolving Loans [<u>plus</u> the aggregate amount available for
drawing under all outstanding Letters of Credit] to exceed the [Miller] [RoadOne]
Borrowing Base, the combined Commitments of the Lenders, or any other
restriction set forth in the Credit Agreement.</font></p>














  <table border="0" width="687">
    <tr>
      <td width="341">
                            <p ALIGN="LEFT"><b><font face="Times New Roman" size="2">&nbsp;</font></b></p>
      </td>
      <td width="332">
                            <p ALIGN="LEFT">














                            <b>
                            <font face="Times New Roman" size="2">[NAME
                            OF BORROWER]</font>
                            </b>
        </p>
                            <p ALIGN="LEFT">&nbsp;</p>
      </td>
    </tr>
    <tr>
      <td width="341">
                            <p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;</font></p>
      </td>
      <td width="332">
                            <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:__________________________</font></p>
                            <p ALIGN="LEFT">&nbsp;</p>
      </td>
    </tr>
    <tr>
      <td width="341">
                            <p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;</font></p>
      </td>
      <td width="332"><p ALIGN="LEFT"><font face="Times New Roman" size="2">Title:_________________________</font></p>
      </td>
    </tr>
  </table>
                            <p ALIGN="LEFT">&nbsp;</p>














                            <p ALIGN="center"><font size="2" face="Times New Roman">-2-</font></p>














  <hr color="#000080" align="right">
                            <p ALIGN="LEFT">&nbsp;</p>














  <b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">EXHIBIT E</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">ASSIGNMENT AND
ACCEPTANCE AGREEMENT</font></p>
</u></b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">This ASSIGNMENT AND
ACCEPTANCE AGREEMENT (this &quot;<u>Assignment and Acceptance</u>&quot;) dated
as of ____________________, 200_ is made between ______________________________
(the &quot;<u>Assignor</u>&quot;) and __________________________ (the &quot;<u>Assignee</u>&quot;).</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">RECITALS</font></p>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">WHEREAS, the Assignor
is party to that certain Credit Agreement dated as of July __, 2001 (as amended,
amended and restated, modified, supplemented or renewed, the &quot;Credit
Agreement&quot;) among Miller Industries, Inc. and its Subsidiaries
corporation (the &quot;Borrowers&quot;), the several financial
institutions from time to time party thereto (including the Assignor, the &quot;Lenders&quot;),
The CIT Group/Business Credit, Inc., as collateral agent for the Lenders (the
&quot;Collateral Agent&quot;), and Bank of America, N.A., as
Administrative Agent, Syndication Agent, Existing Titled Collateral Agent and
Letter of Credit Issuer. Any terms defined in the Credit Agreement and not
defined in this Assignment and Acceptance are used herein as defined in the
Credit Agreement;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">WHEREAS, as provided
under the Credit Agreement, the Assignor has committed to making Loans (the
&quot;Committed Loans&quot;) to the Borrowers in an aggregate amount not
to exceed $__________ (the &quot;Commitment&quot;);</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">WHEREAS, the Assignor
has made Committed Loans in the aggregate principal amount of $__________ to the
Borrowers;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">WHEREAS, [the Assignor
has acquired a participation in its pro rata share of the Lenders&#146; liabilities
under Letters of Credit in an aggregate principal amount of $____________ (the
&quot;L/C Obligations&quot;)] [no Letters of Credit are outstanding under
the Credit Agreement]; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">WHEREAS, the Assignor
wishes to assign to the Assignee [part of the] [all] rights and obligations of
the Assignor under the Credit Agreement in respect of its Commitment, together
with a corresponding portion of each of its outstanding Committed Loans and L/C
Obligations, in an amount equal to $__________ (the &quot;Assigned Amount&quot;)
on the terms and subject to the conditions set forth herein, and the Assignee
wishes to accept assignment of such rights and to assume such obligations from
the Assignor on such terms and subject to such conditions;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">NOW, THEREFORE, in
consideration of the foregoing and the mutual agreements contained herein, the
parties hereto agree as follows:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Assignment and
Acceptance</u>.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
  <hr color="#000080" align="right">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the
terms and conditions of this Assignment and Acceptance, (i)&nbsp;the Assignor
hereby sells, transfers and assigns to the Assignee, and (ii)&nbsp;the Assignee
hereby purchases, assumes and undertakes from the Assignor, without recourse and
without representation or warranty (except as provided in this Assignment and
Acceptance) __% (the &quot;<u>Assignee&#146;s Percentage Share</u>&quot;) of
(A)&nbsp;the Commitment, the Committed Loans and the L/C Obligations of the
Assignor and (B)&nbsp;all related rights, benefits, obligations, liabilities and
indemnities of the Assignor under and in connection with the Credit Agreement
and the Loan Documents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b) With effect on and
after the Effective Date (as defined in Section&nbsp;5 hereof), the Assignee
shall be a party to the Credit Agreement and succeed to all of the rights and be
obligated to perform all of the obligations of a Lender under the Credit
Agreement, including the requirements concerning confidentiality and the payment
of indemnification, with a Commitment in an amount equal to the Assigned Amount.
The Assignee agrees that it will perform in accordance with their terms all of
the obligations which by the terms of the Credit Agreement are required to be
performed by it as a Lender. It is the intent of the parties hereto that the
Commitment of the Assignor shall, as of the Effective Date, be reduced by an
amount equal to the Assigned Amount and the Assignor shall relinquish its rights
and be released from its obligations under the Credit Agreement to the extent
such obligations have been assumed by the Assignee; provided, however, the
Assignor shall not relinquish its rights under Sections 3.9, 4.1, 4.3 and 13.11
of the Credit Agreement to the extent such rights relate to the time prior to
the Effective Date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c) After giving effect
to the assignment and assumption set forth herein, on the Effective Date the
Assignee&#146;s Commitment will be $__________.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(d) After giving effect
to the assignment and assumption set forth herein, on the Effective Date the
Assignor&#146;s Commitment will be $__________.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Payments</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a) As consideration
for the sale, assignment and transfer contemplated in Section&nbsp;1 hereof, the
Assignee shall pay to the Assignor on the Effective Date in immediately
available funds an amount equal to $__________, representing the Assignee&#146;s
Pro Rata Share of the principal amount of all Committed Loans.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b) The Assignee
further agrees to pay to the Collateral Agent a processing fee in the amount
specified in Section 11.2(a) of the Credit Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Reallocation of
Payments.</u></font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">Any interest, fees and
other payments accrued to the Effective Date with respect to the Commitment, and
Committed Loans and L/C Obligations shall be for the account of the Assignor.
Any interest, fees and other payments accrued on and after the Effective Date
with respect to the Assigned Amount shall be for the account of the Assignee.
Each of the Assignor and the Assignee agrees that it will hold in trust for the
other</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font size="2" face="Times New Roman">-2-</font></p>
  <hr color="#000080" align="right">
<p ALIGN="center" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">party any interest, fees and other amounts which it may receive to which
the other party is entitled pursuant to the preceding sentence and pay to the
other party any such amounts which it may receive promptly upon receipt.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">4.&nbsp;&nbsp;&nbsp;&nbsp;<u>&nbsp;Independent
Credit Decision</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">The Assignee
(a)&nbsp;acknowledges that it has received a copy of the Credit Agreement and
the Schedules and Exhibits thereto, together with copies of the most recent
financial statements of the Borrowers, and such other documents and information
as it has deemed appropriate to make its own credit and legal analysis and
decision to enter into this Assignment and Acceptance; and (b)&nbsp;agrees that
it will, independently and without reliance upon the Assignor, any Agent or any
other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit and legal decisions in
taking or not taking action under the Credit Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Effective Date;
Notices</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As between the
Assignor and the Assignee, the effective date for this Assignment and Acceptance
shall be __________, 200_ (the &quot;<u>Effective Date</u>&quot;); <u>provided</u>
that the following conditions precedent have been satisfied on or before the
Effective Date:</font></p>


  <blockquote>


    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(i) this Assignment
    and Acceptance shall be executed and delivered by the Assignor and the
    Assignee;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">[(ii) the consent
    of the Collateral Agent and, unless an Event of Default exists, Parent,
    required for an effective assignment of the Assigned Amount by the Assignor
    to the Assignee shall have been duly obtained and shall be in full force and
    effect as of the Effective Date;]</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(iii) the Assignee
    shall pay to the Assignor all amounts due to the Assignor under this
    Assignment and Acceptance;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">[(iv) the Assignee
    shall have complied with Section 11.2 of the Credit Agreement (if
    applicable);]</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(v) the processing
    fee referred to in Section&nbsp;2(b) hereof and in Section 11.2(a) of the
    Credit Agreement shall have been paid to the Collateral Agent; and</font></p>


  </blockquote>


<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly following
the execution of this Assignment and Acceptance, the Assignor shall deliver to
the Borrowers&#146; Agent and the Collateral Agent for acknowledgment by the
Collateral Agent, a Notice of Assignment in the form attached hereto as <u>Schedule&nbsp;1</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[<u>Collateral Agent</u>.
[INCLUDE ONLY IF ASSIGNOR IS COLLATERAL AGENT]</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Assignee hereby
appoints and authorizes the Assignor to take such action as agent on its behalf
and to exercise such powers under the Credit Agreement as are delegated to the
Collateral Agent by the Lenders pursuant to the terms of the Credit Agreement.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font size="2" face="Times New Roman">-3-</font></p>
  <hr color="#000080" align="right">
<p ALIGN="center" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Assignee shall
assume no duties or obligations held by the Assignor in its capacity as
Collateral Agent under the Credit Agreement.]</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Withholding Tax</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">The Assignee (a)
represents and warrants to the Lender, the Collateral Agent and the Borrowers
that under applicable law and treaties no tax will be required to be withheld by
the Lender with respect to any payments to be made to the Assignee hereunder,
(b) agrees to furnish (if it is organized under the laws of any jurisdiction
other than the United States or any State thereof) to the Collateral Agent and
the Borrowers prior to the time that the Collateral Agent or Borrowers are
required to make any payment of principal, interest or fees hereunder, duplicate
executed originals of either U.S. Internal Revenue Service Form W-8ECI or U.S.
Internal Revenue Service Form W-8BEN (wherein the Assignee claims entitlement to
the benefits of a tax treaty that provides for a complete exemption from U.S.
federal income withholding tax on all payments hereunder) and agrees to provide
new Forms W-8ECI or W-8BEN upon the expiration of any previously delivered form
or comparable statements in accordance with applicable U.S. law and regulations
and amendments thereto, duly executed and completed by the Assignee, and (c)
agrees to comply with all applicable U.S. laws and regulations with regard to
such withholding tax exemption.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Representations
and Warranties</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Assignor
represents and warrants that (i)&nbsp;it is the legal and beneficial owner of
the interest being assigned by it hereunder and that such interest is free and
clear of any Lien or other adverse claim; (ii)&nbsp;it is duly organized and
existing and it has the full power and authority to take, and has taken, all
action necessary to execute and deliver this Assignment and Acceptance and any
other documents required or permitted to be executed or delivered by it in
connection with this Assignment and Acceptance and to fulfill its obligations
hereunder; (iii)&nbsp;no notices to, or consents, authorizations or approvals
of, any Person are required (other than any already given or obtained) for its
due execution, delivery and performance of this Assignment and Acceptance, and
apart from any agreements or undertakings or filings required by the Credit
Agreement, no further action by, or notice to, or filing with, any Person is
required of it for such execution, delivery or performance; and (iv)&nbsp;this
Assignment and Acceptance has been duly executed and delivered by it and
constitutes the legal, valid and binding obligation of the Assignor, enforceable
against the Assignor in accordance with the terms hereof, subject, as to
enforcement, to bankruptcy, insolvency, moratorium, reorganization and other
laws of general application relating to or affecting creditors&#146; rights and to
general equitable principles.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Assignor makes
no representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with the
Credit Agreement or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Credit Agreement or any other
instrument or document furnished pursuant thereto. The Assignor makes no
representation or warranty in connection with, and assumes no responsibility
with respect to, the solvency, financial condition or statements of any
Borrower, or the performance or observance by any Borrower, of any of its
respective</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font size="2" face="Times New Roman">-4-</font></p>
  <hr color="#000080" align="right">
<p ALIGN="center" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="2">obligations under the Credit Agreement or any other instrument or
document furnished in connection therewith.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Assignee
represents and warrants that (i)&nbsp;it is duly organized and existing and it
has full power and authority to take, and has taken, all action necessary to
execute and deliver this Assignment and Acceptance and any other documents
required or permitted to be executed or delivered by it in connection with this
Assignment and Acceptance, and to fulfill its obligations hereunder;
(ii)&nbsp;no notices to, or consents, authorizations or approvals of, any Person
are required (other than any already given or obtained) for its due execution,
delivery and performance of this Assignment and Acceptance; and apart from any
agreements or undertakings or filings required by the Credit Agreement, no
further action by, or notice to, or filing with, any Person is required of it
for such execution, delivery or performance; (iii)&nbsp;this Assignment and
Acceptance has been duly executed and delivered by it and constitutes the legal,
valid and binding obligation of the Assignee, enforceable against the Assignee
in accordance with the terms hereof, subject, as to enforcement, to bankruptcy,
insolvency, moratorium, reorganization and other laws of general application
relating to or affecting creditors&#146; rights and to general equitable
principles; and (iv)&nbsp;it is an Eligible Assignee.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Further
Assurances</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">The Assignor and the
Assignee each hereby agree to execute and deliver such other instruments, and
take such other action, as either party may reasonably request in connection
with the transactions contemplated by this Assignment and Acceptance, including
the delivery of any notices or other documents or instruments to the Borrowers
or the Collateral Agent, which may be required in connection with the assignment
and assumption contemplated hereby.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 40"><font face="Times New Roman" size="2">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Miscellaneous</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any amendment or
waiver of any provision of this Assignment and Acceptance shall be in writing
and signed by the parties hereto. No failure or delay by either party hereto in
exercising any right, power or privilege hereunder shall operate as a waiver
thereof and any waiver of any breach of the provisions of this Assignment and
Acceptance shall be without prejudice to any rights with respect to any other or
further breach thereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All payments made
hereunder shall be made without any set-off or counterclaim.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Assignor and
the Assignee shall each pay its own costs and expenses incurred in connection
with the negotiation, preparation, execution and performance of this Assignment
and Acceptance.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Assignment and
Acceptance may be executed in any number of counterparts and all of such
counterparts taken together shall be deemed to constitute one and the same
instrument.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font size="2" face="Times New Roman">-5-</font></p>
  <hr color="#000080" align="right">
<p ALIGN="center" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS ASSIGNMENT AND
ACCEPTANCE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE
STATE GEORGIA. The Assignor and the Assignee each irrevocably submits to the
non-exclusive jurisdiction of any State court sitting in the State of Georgia or
any Federal court sitting in the Northern District of Georgia over any suit,
action or proceeding arising out of or relating to this Assignment and
Acceptance and irrevocably agrees that all claims in respect of such action or
proceeding may be heard and determined in such State or Federal court. Each
party to this Assignment and Acceptance hereby irrevocably waives, to the
fullest extent it may effectively do so, the defense of an inconvenient forum to
the maintenance of such action or proceeding.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE ASSIGNOR AND
THE ASSIGNEE EACH HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY
RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED
HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS ASSIGNMENT AND
ACCEPTANCE, THE CREDIT AGREEMENT, ANY RELATED DOCUMENTS AND AGREEMENTS OR ANY
COURSE OF CONDUCT, COURSE OF DEALING, OR STATEMENTS (WHETHER ORAL OR WRITTEN).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">IN WITNESS WHEREOF, the
Assignor and the Assignee have caused this Assignment and Acceptance to be
executed and delivered by their duly authorized officers as of the date first
above written.</font></p>
<p ALIGN="RIGHT">&nbsp;
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="612">
  <tr>
    <td VALIGN="TOP" width="316"></td>
    <td VALIGN="TOP" width="262"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">[ASSIGNOR]</font></p>
      </b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:_________________________________<br>
      Title:________________________________<br>
      Address:_____________________________</font><u></p>
      </u>
      <p ALIGN="LEFT">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP" width="316"></td>
    <td VALIGN="TOP" width="262">&nbsp;</td>
  </tr>
  <tr>
    <td VALIGN="TOP" width="316"></td>
    <td VALIGN="TOP" width="262"><b>
      <p ALIGN="CENTER"><font face="Times New Roman" size="2">[ASSIGNEE]</font></p>
      </b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:_________________________________<br>
      Title:________________________________<br>
      Address:_____________________________</font></p>
      <p ALIGN="LEFT">&nbsp;</td>
  </tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font size="2" face="Times New Roman">-6-</font></p>
  <hr color="#000080" align="right">
<p ALIGN="center" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">SCHEDULE 1</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">to<br>
ASSIGNMENT AND
ACCEPTANCE</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">NOTICE OF ASSIGNMENT AND
ACCEPTANCE</font></p>
</u></b>
<p ALIGN="RIGHT"><font face="Times New Roman" size="2">_______________, 200_</font></p>
  <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">The CIT Group/Business
Credit, Inc.<br>
  1200 Ashwood Parkway,
Suite 150<br>
  Atlanta, Georgia 30338<br>
  Attn.:_______________________</font><u></p>
</u>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Miller Industries, Inc.<br>
8503 Hilltop Drive<br>
Ooltewah, TN 37363<br>
</font></p>
  <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Attn.:_______________________</font><u></p>
</u>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Ladies and Gentlemen:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">We refer to the Credit
Agreement dated as of July __, 2001 (as amended, amended and restated, modified,
supplemented or renewed from time to time the &quot;<u>Credit Agreement</u>&quot;)
among Miller Industries, Inc. and its Subsidiaries (the &quot;<u>Borrowers</u>&quot;),
the Lenders from time to time party thereto, The CIT Group/Business Credit,
Inc., as Collateral Agent, and Bank of America, N.A., as Administrative Agent,
Syndication Agent, Existing Titled Collateral Agent and Letter of Credit Issuer.
Terms defined in the Credit Agreement are used herein as therein defined.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby give you
notice of, and request your consent to, the assignment by __________________
(the &quot;<u>Assignor</u>&quot;) to _______________ (the &quot;<u>Assignee</u>&quot;)
of _____% of the right, title and interest of the Assignor in and to the Credit
Agreement (including the right, title and interest of the Assignor in and to the
Commitments of the Assignor, all outstanding Loans made by the Assignor and the
Assignor&#146;s participation in the Letters of Credit pursuant to the Assignment
and Acceptance Agreement attached hereto (the &quot;Assignment and Acceptance&quot;).
We understand and agree that the Assignor&#146;s Commitment, as of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
, 200&nbsp;, is $&nbsp;___________, the aggregate amount of its
outstanding Loans is $_____________, and its participation in L/C Obligations is
$_____________.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Assignee agrees
that, upon receiving the consent of the Collateral Agent to such assignment, the
Assignee will be bound by the terms of the Credit Agreement as fully and to the
same extent as if the Assignee were the Lender originally holding such interest
in the Credit Agreement.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>


  <hr color="#000080" align="right">
<p ALIGN="JUSTIFY">&nbsp;</p>


<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following
administrative details apply to the Assignee:</font></p>


  <table border="0" width="744">
    <tr>
      <td width="270">


    <p ALIGN="center"><font face="Times New Roman" size="2">(A)</font></p>


      </td>
      <td width="460" colspan="2">


    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> Notice Address:</font></p>


      </td>
    </tr>
    <tr>
      <td width="270">


        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">&nbsp;</font></p>
      </td>
      <td width="460" colspan="2">


        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Assignee name:________________________</font></p>
      </td>
    </tr>
    <tr>
      <td width="270">
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">&nbsp;</font></p>
      </td>
      <td width="73">
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Address:</font></p>
      </td>
      <td width="387">
        <font face="Times New Roman" size="2">___________________________</font>
      </td>
    </tr>
    <tr>
      <td width="270">
      </td>
      <td width="73">
      </td>
      <td width="387">
        <font face="Times New Roman" size="2">___________________________</font>
      </td>
    </tr>
    <tr>
      <td width="270">
      </td>
      <td width="73">
      </td>
      <td width="387">
        <font face="Times New Roman" size="2">___________________________</font>
      </td>
    </tr>
    <tr>
      <td width="270">
        <p ALIGN="JUSTIFY"></p>
      </td>
      <td width="460" colspan="2">
        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Attention:&nbsp;
        __________________________<br>
        Telephone:&nbsp;&nbsp; (___) _____________________<br>
        Telecopier:&nbsp;&nbsp;(___) _____________________<br>
        Telex (Answerback):&nbsp; ___________________</font></p>
      </td>

    </tr>
    <tr>
      <td width="270">
    <p ALIGN="center">&nbsp;</p>






    <p ALIGN="center"><font face="Times New Roman" size="2">(B)</font></p>






      </td>
      <td width="460" colspan="2">
    <p ALIGN="JUSTIFY">&nbsp;</p>






    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> Payment
    Instructions:</font></p>






      </td>
    </tr>
    <tr>
      <td width="270">






                <p ALIGN="LEFT"></p>
      </td>
      <td width="460" colspan="2">






                <p ALIGN="LEFT">&nbsp;</p>
                <p ALIGN="LEFT"><font face="Times New Roman" size="2">Account
                No.:____________________________<br>
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At:&nbsp;&nbsp;&nbsp;____________________________<br>
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;____________________________<br>
                &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;_____________________________<br>
                </font>&nbsp; <font face="Times New Roman" size="2">Reference:&nbsp;&nbsp;&nbsp;_____________________________<br>
                Attention:</font>&nbsp;&nbsp; _________________________</p>
      </td>
    </tr>
  </table>
                <p ALIGN="LEFT">&nbsp;</p>








<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You are entitled to
rely upon the representations, warranties and covenants of each of the Assignor
and Assignee contained in the Assignment and Acceptance.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">IN WITNESS WHEREOF, the
Assignor and the Assignee have caused this Notice of Assignment and Acceptance
to be executed by their respective duly authorized officials, officers or agents
as of the date first above mentioned.</font></p>














                            <p ALIGN="JUSTIFY">&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="612">
  <tr>
    <td VALIGN="TOP" width="316"></td>
    <td VALIGN="TOP" width="262">
      <p ALIGN="left"><font face="Times New Roman" size="2">Very truly yours,</font></p>
      <b>
      <p ALIGN="left">&nbsp;</p>
      <p ALIGN="left"><font face="Times New Roman" size="2">[NAME OF ASSIGNOR]</font></p>
      </b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:_________________________________</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">Title:________________________________<br>
      </font><u></p>
      </u>
    </td>
  </tr>
  <tr>
    <td VALIGN="TOP" width="316"></td>
    <td VALIGN="TOP" width="262">&nbsp;<b>
      <p ALIGN="left"><font face="Times New Roman" size="2">[NAME OF ASSIGNEE]</font></p>
      </b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:_________________________________</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">
      Title:________________________________<br>
      </font><u></p>
      </u>
      <p>&nbsp;</p>
    </td>
  </tr>
</table>














                            <p ALIGN="JUSTIFY">&nbsp;</p>














                            <p ALIGN="JUSTIFY">&nbsp;</p>














                            <p ALIGN="center"><font face="Times New Roman" size="2">-2-</font></p>
<hr color="#000080" align="right">














                            <p ALIGN="JUSTIFY">&nbsp;</p>
                            <p ALIGN="JUSTIFY"><u></p>














</u>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">ACKNOWLEDGED AND
ASSIGNMENT<br>
CONSENTED TO:</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">The CIT Group/Business
Credit, Inc.,<br>
as Collateral Agent</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">By:_________________________________<br>
Title:________________________________</font><u></p>
</u>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<b>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">[Miller Industries, Inc.</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">By:_________________________________<br>
Title:_______________________________]</font></p>
</b>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>














                            <p ALIGN="center"><font face="Times New Roman" size="2">-3-</font></p>
<hr color="#000080" align="right">














                            <p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">EXHIBIT F</font></p>
</b>
<p ALIGN="LEFT">&nbsp;</p>
<b><u>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">FORM OF COMPLIANCE
CERTIFICATE</font></p>
</u></b>
<p ALIGN="LEFT">&nbsp;</p>
<u>
<hr color="#000080" align="right">
</u>

</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.61
<SEQUENCE>4
<FILENAME>secagr.htm
<DESCRIPTION>EXH. 10.61 -SECURITY AGREEMENT DATED JULY 23, 2001
<TEXT>
<html>

<head>
<meta name="GENERATOR" content="Microsoft FrontPage 4.0">
<meta name="ProgId" content="FrontPage.Editor.Document">
<title>SECURITY AGREEMENT</title>
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<body>

<p ALIGN="RIGHT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<b><u>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">SECURITY AGREEMENT</font></p>
</u></b>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">SECURITY
AGREEMENT, dated as of July 23, 2001, between Miller Industries, Inc., a
Tennessee corporation (&quot;<u>Parent</u>&quot;), and each of its Subsidiaries
listed on the signature pages hereto as a &quot;Grantor&quot; (Parent and such
Subsidiaries, collectively, the &quot;<u>Grantors</u>&quot;, and individually, a
&quot;<u>Grantor</u>&quot;), THE CIT Group/Business Credit, Inc., in its
capacity as the Collateral Agent for the Lenders, and BANK OF AMERICA, N.A., as
Existing Titled Collateral Agent for the Lenders.</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">W</font></u><font face="Times New Roman" size="2">
<u>I</u> <u>T</u> <u>N</u> <u>E</u> <u>S</u> <u>S</u> <u>E</u> <u>T</u> <u>H</u>
:</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">WHEREAS,
pursuant to that certain Credit Agreement dated as of the date hereof by and
among the Grantors, the Collateral Agent, the Existing Titled Collateral Agent,
Bank of America, N.A., as Administrative Agent, Syndication Agent and Letter of
Credit Issuer, and the Lenders (including all annexes, exhibits and schedules
thereto, as from time to time amended, restated, supplemented or otherwise
modified, the &quot;Credit Agreement&quot;), the Lenders have agreed to make the
Loans and cause the issuance of the Letters of Credit on behalf of the Grantors;</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">WHEREAS,
in order to induce the Agents, the Letter of Credit Issuer and the Lenders to
enter into the Credit Agreement and the other Loan Documents and to induce the
Lenders to make the Loans and cause the issuance of the Letters of Credit as
provided for in the Credit Agreement, the Grantors have agreed to grant a
continuing Lien on the Collateral (as hereinafter defined) to secure the
Obligations;</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">NOW,
THEREFORE, in consideration of the premises and mutual covenants herein
contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" size="2">DEFINED TERMS</font></u></b><font face="Times New Roman" size="2">.
The following terms shall have the following respective meanings:</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Accounts</u>&quot;
means all of each Grantor&#146;s now owned or hereafter acquired or arising
accounts, as defined in the UCC, including any rights to payment for the sale or
lease of goods or rendition of services, whether or not they have been earned by
performance.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Chattel
Paper</u>&quot; means all of each Grantor&#146;s now owned or hereafter acquired
chattel paper, as defined in the UCC, including electronic chattel paper.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Contracts</u>&quot;
means all contracts and agreements to which any Grantor is a party or
beneficiary of, including the Intercompany Security Documents and the
Independent Distributor Security Documents.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Documents</u>&quot;
means all documents, as such term is defined in the UCC, including bills of
lading, warehouse receipts or other documents of title, now owned or hereafter
acquired by any Grantor.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Equipment</u>&quot;
means all of each Grantor&#146;s now owned and hereafter acquired machinery,
equipment, furniture, furnishings, fixtures, and other tangible personal
property (except Inventory), including embedded software, vehicles with respect
to which a certificate of title has been issued (including all such property
consisting of Titled Collateral), tow trucks, wreckers, wrecker bodies and other
fleet vehicles, aircraft, dies, tools, jigs, molds and office equipment, as well
as all of such types of property leased by any Grantor and all of each Grantor&#146;s
rights and interests with respect thereto under such leases (including, without
limitation, options to purchase), together with all present and future additions
and accessions thereto, replacements therefor, component and auxiliary parts and
supplies used or to be used in connection therewith, and all substitutes for any
of the foregoing, and all manuals, drawings, instructions, warranties and rights
with respect thereto; wherever any of the foregoing is located.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Existing
Certificates of Title</u>&quot; means each certificate of title or other
comparable instrument with respect to wreckers, vehicles and other Collateral
owned by the Borrowers that, as of the Closing Date, notes the Junior Creditors&#146;
Agent (or Bank of America) as the lienholder thereon.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Existing
Titled Collateral</u>&quot; means all wreckers, vehicles and other Collateral
for which an Existing Certificate of Title has been issued as of the Closing
Date.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>General
Intangibles</u>&quot; means all of each Grantor&#146;s now owned or hereafter
acquired general intangibles, choses in action and causes of action and all
other intangible personal property of each Grantor of every kind and nature
(other than Accounts), including, without limitation, all contract rights,
payment intangibles, Proprietary Rights, corporate or other business records,
inventions, designs, blueprints, plans, specifications, patents, patent
applications, trademarks, service marks, trade names, trade secrets, goodwill,
copyrights, computer software, customer lists, registrations, licenses,
franchises, tax refund claims, any funds which may become due to any Grantor in
connection with the termination of any employee benefit plan or any rights
thereto and any other amounts payable to any Grantor from any employee benefit
plan, rights and claims against carriers and shippers, rights to
indemnification, business interruption insurance and proceeds thereof, property,
casualty or any similar type of insurance and any proceeds thereof, proceeds of
insurance covering the lives of key employees on which any Grantor is
beneficiary, rights to receive dividends, distributions, cash, Instruments and
other property in respect of or in exchange for pledged equity interests or
Investment Property, and any letter of credit, guarantee, claim, security
interest or other security held by or granted to any or for the benefit of any
Grantor (including all rights under the Intercompany Security Documents and the
Independent Distributor Security Documents).</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Independent
Distributor Security Documents</u>&quot; means all distributor agreements,
security agreements, financing statements, guarantees and other documents,
instruments and agreements executed or delivered in connection with any and all
Accounts and other obligations owing to any Grantor by any of such Grantor&#146;s
Independent Distributors.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-2-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Instruments</u>&quot;
means all instruments, as such term is defined in the UCC, now owned or
hereafter acquired by any Grantor.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Inventory</u>&quot;
means all of each Grantor&#146;s now owned and hereafter acquired inventory, goods
and merchandise, wherever located, to be furnished under any contract of service
or held for sale or lease, including all tow trucks, wreckers and wrecker bodies
(including all such property consisting of Titled Collateral), all returned
goods, raw materials, work-in-process, finished goods (including embedded
software), other materials and supplies of any kind, nature or description which
are used or consumed in any Grantor&#146;s business or used in connection with the
packing, shipping, advertising, selling or finishing of such goods, merchandise,
and all documents of title or other Documents representing them.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Investment
Property</u>&quot; means all of each Grantor&#146;s right title and interest in and
to any and all of the following, whether now owned or hereafter arising or
acquired: (a) securities whether certificated or uncertificated; (b) securities
entitlements; (c) securities accounts; (d) commodity contracts; or (e) commodity
accounts.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Payment
Account</u>&quot; means each bank account established pursuant to this Security
Agreement, to which the proceeds of Accounts and other Collateral are deposited
or credited, and which is maintained in the name of the Collateral Agent or any
Grantor, as the Collateral Agent may determine, on terms acceptable to the
Collateral Agent.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Proprietary
Rights</u>&quot; means all of any Grantor&#146;s now owned and hereafter arising or
acquired licenses, franchises, permits, patents, patent rights, copyrights,
works which are the subject matter of copyrights, trademarks, service marks,
trade names, trade styles, patent, trademark and service mark applications, and
all licenses and rights related to any of the foregoing, and all other rights
under any of the foregoing, all extensions, renewals, reissues, divisions,
continuations, and continuations-in-part of any of the foregoing, and all rights
to sue for past, present and future infringement of any of the foregoing.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Restricted
Account</u>&quot; means bank account number 0037-8291-1498, maintained with Bank
of America by Parent and titled Escrow Licensing (Restricted).</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Supporting
Obligations</u>&quot; means all supporting obligations as such term is defined
in the UCC.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>Titled
Collateral</u>&quot; means all now existing or hereafter arising Collateral that
is (a) covered by a certificate of title or other comparable instrument issued
under a statute of a state under the law of which indication of a security
interest on such certificate or instrument is required as a condition of
perfection, and (b) not subject to a purchase money Lien in favor of another
creditor which is permitted under <u>clause (j)</u> of the definition of
&quot;Permitted Liens&quot; in the Credit Agreement, and in any event Titled
Collateral shall include all Existing Titled Collateral.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">&quot;<u>UCC</u>&quot;
means the Uniform Commercial Code, as in effect from time to time, of the State
of Georgia or of any other state the laws of which are required as a result
thereof to be applied in connection with the issue of perfection of security
interests.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-3-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 60">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">All other capitalized
terms used but not otherwise defined herein have the meanings given to them in
the Credit Agreement or in Annex A thereto. All other undefined terms contained
in this Security Agreement, unless the context indicates otherwise, have the
meanings provided for by the UCC to the extent the same are used or defined
therein.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>GRANT
OF LIENS</u></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
security for all Obligations, the Grantors hereby grant to the Collateral Agent,
for the benefit of the Agents, the Letter of Credit Issuer and the Lenders, a
continuing security interest in, lien on, assignment of and right of set-off
against, all of the following property and assets of the Grantors, whether now
owned or existing or hereafter acquired or arising, regardless of where located:</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
Accounts;</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
Inventory;</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
contract rights;</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;all Chattel Paper;</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">(v)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all Documents;</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
Instruments;</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
Supporting Obligations;</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">(viii)&nbsp;&nbsp;&nbsp;&nbsp;all
General Intangibles;</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
Equipment;</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman" size="2">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
Investment Property;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
money, cash, cash equivalents, securities and other property of any kind of each
Grantor held directly or indirectly by the Collateral Agent or any Lender;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(xii)&nbsp;&nbsp;&nbsp;&nbsp;all
of each Grantor&#146;s deposit accounts, credits, and balances with and other
claims against the Collateral Agent or any Lender or any of their Affiliates or
any other financial institution with which any Grantor maintains deposits,
including any Payment Accounts;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(xiii)&nbsp;&nbsp;&nbsp;all
of the Grantors&#146; commercial tort claims;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(xiv)&nbsp;&nbsp;&nbsp;all
books, records and other property related to or referring to any of the
foregoing, including books, records, account ledgers, data processing records,
computer software and other property and General Intangibles at any time
evidencing or relating to any of the foregoing; and</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-4-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman" size="2">(xv)&nbsp;&nbsp;&nbsp;&nbsp;all
accessions to, substitutions for and replacements, products and proceeds of any
of the foregoing, including, but not limited to, proceeds of any insurance
policies, claims against third parties, and condemnation or requisition payments
with respect to all or any of the foregoing.</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">All of the foregoing,
together with the Real Estate covered by the Mortgages, all equity interests in
Subsidiaries pledged to the Collateral Agent, and all other property of the
Grantors in which the Collateral Agent or any Lender may at any time be granted
a Lien as collateral for the Obligations, is herein collectively referred to as
the &quot;<u>Collateral</u>&quot;; provided, that, notwithstanding anything
herein to the contrary, the Collateral shall not include (A) any personal
property that is leased by any Grantor or any rights of such Grantor under such
lease (other than such Grantor&#146;s rights to payment under such lease
constituting Accounts or General Intangibles for money due or to become due) if
and for so long as the grant of a security interest by such Grantor in such
personal property or lease violates the terms of such Grantor's lease of such
personal property; provided that the Grantor shall be deemed to have granted a
security interest in such leased personal property, and such personal property
shall be included in the Collateral, at such time that such grant no longer
violates such lease; (B) any Proprietary Rights that a Grantor has an interest
in pursuant to a license, permit, agreement or instrument with a third-party if
and for so long as the grant of a security interest by such Grantor in such
Proprietary Rights violates the terms of such Grantor's license, permit,
agreement or instrument with such third-party; provided that the Grantor shall
be deemed to have granted a security interest in such Proprietary Rights, and
such Proprietary Rights shall be included in the Collateral, at such time that
such grant no longer violates such license, permit, instrument or agreement; or
(C) the Restricted Account; provided that the Collateral shall include each
Grantor&#146;s right to receive proceeds and payments from the Restricted Account.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
security for all Obligations, the Grantors hereby grant to the Existing Titled
Collateral Agent, for the benefit of the Agents, the Letter of Credit Issuer and
the Lenders, a continuing security interest in, lien on, assignment of and right
of set-off against, all of the Existing Titled Collateral, the Existing
Certificates of Title, and all proceeds thereof (including insurance proceeds).</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
of the Obligations shall be secured by all of the Collateral, including all of
the Existing Titled Collateral.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">3.
<a NAME="_Toc430586025">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><u>PERFECTION
AND PROTECTION OF SECURITY INTEREST</u></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors shall, at their expense, perform all steps requested by the Collateral
Agent at any time to perfect, maintain, protect, and enforce the Agent&#146;s
Liens, including: (i)&nbsp;executing, delivering and/or filing and recording of
the Mortgages, Patent and Trademark Agreement, and executing and filing
financing or continuation statements, and amendments thereof, in form and
substance reasonably satisfactory to the Collateral Agent; (ii)&nbsp;delivering
to the Collateral Agent the originals of all Instruments, Documents, tangible
Chattel Paper, certificated Investment Property, and all other Collateral of
which the Collateral Agent determines it should have physical possession in
order to perfect and protect the Agent&#146;s Liens therein, duly pledged, endorsed
or assigned to the Collateral Agent without restriction;</font></p>
<p ALIGN="center"><font face="Times New Roman" size="2">-5-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0"><font face="Times New Roman" size="2">(iii)&nbsp;delivering
to the Collateral Agent warehouse receipts covering any portion of the
Collateral located in warehouses and for which warehouse receipts are issued,
and delivering to the Collateral Agent or its representative certificates of
title covering any portion of the Titled Collateral, together with duly executed
applications for the notation of the Agent&#146;s Liens on such certificates of
title; (iv) when an Event of Default has occurred and is continuing,
transferring Inventory to warehouses or other locations designated by the
Collateral Agent; (v) placing notations on the Grantors&#146; books of account to
disclose the Agent&#146;s Liens; (vi) obtaining control agreements in form and
substance acceptable to the Collateral Agent from securities intermediaries with
respect to financial assets (including Investment Property) in the possession of
securities intermediaries and providing the Collateral Agent control of all
electronic Chattel Paper in such manner as the Collateral Agent may require;
(vii) assigning and delivering to the Collateral Agent all Supporting
Obligations, including letters of credit on which any Grantor is named
beneficiary, with the written consent of the issuer thereof; and (viii) taking
such other steps as are deemed necessary or desirable by the Collateral Agent to
maintain and protect the Agent&#146;s Liens. To the extent permitted by applicable
law, the Collateral Agent may file, without any Grantor&#146;s signature, one or
more financing statements disclosing the Agent&#146;s Liens. The Grantors agree
that a carbon, photographic, photostatic, or other reproduction of this Security
Agreement or of a financing statement is sufficient as a financing statement.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any Collateral is at any time in the possession or control of any warehouseman,
bailee, consignee or any of the Grantors&#146; agents or processors, then the
Grantors shall (i) notify the Collateral Agent thereof and shall use reasonable
efforts to obtain a bailee, consignee or similar letter acknowledged by such
Person that notifies such Person of the Agent&#146;s Liens in such Collateral and
instructs such Person to hold all such Collateral for the Collateral Agent&#146;s
account subject to the Collateral Agent&#146;s instructions, and (ii) deliver to
the Collateral Agent such UCC financing statements as the Collateral Agent may
reasonably request naming such Person as debtor. If at any time any Collateral
is located in any operating facility of a Grantor that is leased by such
Grantor, then such Grantor shall use reasonable efforts to obtain written
landlord lien waivers or subordinations, in form and substance reasonably
satisfactory to the Collateral Agent, that waive or subordinate all present and
future Liens which the owner or lessor of such premises may be entitled to
assert against the Collateral, provided that the provisions of this sentence
shall not apply to Collateral of the RoadOne Borrowers until January 1, 2002.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From
time to time the Grantors shall, upon the Collateral Agent&#146;s request, execute
and deliver confirmatory written instruments pledging to the Collateral Agent,
for the ratable benefit of the Agents, the Letter of Credit Issuer and the
Lenders, the Collateral, but the Grantors&#146; failure to do so shall not affect
or limit the Agent&#146;s Liens or any other rights of the Collateral Agent or any
Lender in and to the Collateral with respect to the Grantors. So long as the
Credit Agreement is in effect and until all Obligations have been fully
satisfied, the Agent&#146;s Liens shall continue in full force and effect in all
Collateral (whether or not deemed eligible for the purpose of calculating the
Availability or as the basis for any advance, loan, extension of credit, or
other financial accommodation).</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors (i) represent and warrant to the Collateral Agent and the Lenders that
the Grantors do not have any commercial tort claims (as defined in Revised</font></p>
<p ALIGN="center"><font face="Times New Roman" size="2">-6-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0"><font face="Times New Roman" size="2">Article&nbsp;9
of the UCC) as of the date hereof, and (ii) agree to promptly notify the
Collateral Agent in writing of any hereafter arising commercial tort claims in
which any Grantor is a plaintiff and is seeking damages in excess of $250,000
(or, if a specific amount of damages are not pled, which could reasonably be
expected to exceed $250,000) and, in connection therewith, shall promptly
execute and deliver to the Collateral Agent a confirmation of the Lien granted
hereunder in such claims and such UCC financing and amendment statements as the
Collateral Agent may reasonably request in order to perfect the Agent&#146;s Liens
therein.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">4.
<a NAME="_Toc430586026">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><u><a NAME="_Toc430684148">LOCATION&nbsp;OF&nbsp;C</a>OLLATERAL</u></font></b><font face="Times New Roman" size="2">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Grantors represent and warrant to the Collateral Agent and the Lenders that:
(a) <u>Schedule I</u> (as updated from time to time by delivery by the Grantors
to the Collateral Agent of a written supplemental schedule with respect thereto,
such written supplemental schedule to be provided at least thirty (30) days
prior to any change in such schedule) is a correct and complete list of each
Grantor&#146;s chief executive office, the location of its books and records, the
locations of the Collateral, and the locations of all of its other places of
business; and (b) <u>Schedule I</u> (as updated from time to time by delivery by
the Grantors to the Collateral Agent of a written supplemental schedule with
respect thereto, such written supplemental schedule to be provided at least
thirty (30) days prior to any change in such schedule) correctly identifies any
of such facilities and locations that are not owned by the Grantors and sets
forth the names of the owners and lessors or sublessors of such facilities and
locations. The Grantors covenant and agree that they will not (i) maintain any
Collateral at any location other than those locations listed for the Grantors on
<u>Schedule I</u>, (ii) otherwise change or add to any of such locations, or
(iii) change the location of their chief executive office from the location
identified in <u>Schedule I</u>, or the jurisdiction of any Grantor&#146;s
jurisdiction of incorporation or organization from the jurisdiction identified
in <u>Schedule II</u>, unless they give the Collateral Agent at least thirty
(30) days&#146; prior written notice thereof and execute any and all financing
statements and other documents that the Collateral Agent reasonably requests in
connection therewith. Without limiting the foregoing, each Grantor represents
that all of its Inventory (other than Inventory in transit) is, and covenants
that all of its Inventory will be, located either (x) on premises owned by such
Grantor, (y) on premises leased by such Grantor, or (z) in a warehouse or with a
bailee or consignee.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">5.
<a NAME="_Toc430586027">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><u>JURISDICTION
OF ORGANIZATION</u></font></b><a NAME="_Toc430684149"><font face="Times New Roman" size="2">.&nbsp;&nbsp;
Each Grantor represents and warrants to the Collateral Agent and the Lenders,
and agrees with the Collateral Agent and the Lenders, that <u>Schedule II</u>
hereto identifies the jurisdiction in which such Grantor is incorporated or
organized and the identification number, if any, provided by such jurisdiction
of incorporation or organization.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">6.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>TITLE TO, LIENS ON, AND SALE AND
USE OF COLLAGERAL</u></font></b></a><font face="Times New Roman" size="2">.&nbsp;&nbsp;
The Grantors represent and warrant to the Collateral Agent and the Lenders and
agree with the Collateral Agent and the Lenders that: (a) all of the Collateral
is and will continue to be owned by the Grantors free and clear of all Liens
whatsoever, except for Permitted Liens; (b)&nbsp;the Agent&#146;s Liens in the
Collateral will not be subject to any prior Lien except for those Liens
identified in <u>clauses (a)</u>, <u>(c)</u>, <u>(d)</u> and <u>(e)</u> of the
definition of Permitted Liens; and (c)&nbsp;the Grantors will use, store, and
maintain the Collateral with all reasonable care and will use such Collateral
for lawful purposes only.</font></p>
<p ALIGN="center"><font face="Times New Roman" size="2">-7-</font></p>
<b>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">7.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font face="Times New Roman" size="2">ADDITIONAL
MORTGAGES</font></u></b><font face="Times New Roman" size="2">. The Grantors, at
the Grantors' expense, will grant to the Collateral Agent Mortgages in any Real
Estate acquired after the Closing Date as may be requested from time to time by
the Collateral Agent and/or the Required Lenders (collectively, the &quot;<u>Additional
Mortgages</u>&quot;). All such Mortgages shall be granted pursuant to
documentation reasonably satisfactory in form and substance to the Collateral
Agent and shall constitute valid and enforceable Liens superior to and prior to
the rights of all third Persons and subject to no other Liens except for
Permitted Liens. The Additional Mortgages shall be duly recorded or filed in
such manner and in such places as are required by law to establish, perfect,
preserve and protect the Agent&#146;s Liens required to be granted pursuant to the
Additional Mortgages and all taxes, fees and other charges payable in connection
therewith shall be paid in full by the Grantors. Furthermore, the Grantors shall
cause to be delivered to the Collateral Agent such opinions of counsel, title
insurance and other related documents as may be reasonably requested by the
Collateral Agent. Each action required by this <u>Section&nbsp;7</u> shall be
completed as soon as possible, but in no event later than 30 days after such
action is requested to be taken by the Collateral Agent or the Required Lenders,
as the case may be.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">8.
<a NAME="_Toc430586029">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><u>ACCESS
AND EXAMINATION</u></font></b><font face="Times New Roman" size="2">. Subject to
the <b>l</b>imitations imposed on the Collateral Agent and the Lenders in the
Credit Agreement, the Collateral Agent, accompanied by any Lender which so
elects, may at all reasonable times during regular business hours (and at any
time when a Default or Event of Default exists and is continuing) have access
to, examine, audit, make extracts from or copies of and inspect any or all of
the Grantors&#146; records, files, and books of account and the Collateral, and
discuss the Grantors&#146; affairs with the Grantors&#146; officers and management.
The Grantors will deliver to the Collateral Agent any instrument necessary for
the Collateral Agent to obtain records from any service bureau maintaining
records for the Grantors. The Collateral Agent may, at any time when a Default
or Event of Default exists, and at the Grantors&#146; expense, make copies of any
or all of the Grantors&#146; books and records, or require the Grantors to deliver
such copies to the Collateral Agent. During the existence of an Event of
Default, the Collateral Agent may, without expense to the Collateral Agent, use
such of the Grantors&#146; respective personnel, supplies, and Real Estate as may
be reasonably necessary for maintaining or enforcing the Collateral Agent&#146;s
Liens. The Collateral Agent shall have the right, at any time, in the Collateral
Agent&#146;s name or in the name of a nominee of the Collateral Agent, to verify
the validity, amount or any other matter relating to the Accounts, Inventory,
Equipment or other Collateral, by mail, telephone, or otherwise.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">9.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>COLLATERAL REPORTING</u></font></b><font face="Times New Roman" size="2">.
The Grantors shall provide the Collateral Agent with the following documents at
the following times in form satisfactory to the Collateral Agent (in each case
prepared separately for the Miller Borrowers and the RoadOne Borrowers, as well
as on a combined basis): (a) together with each Borrowing Base Certificate
delivered pursuant to <u>Section 5.2(l)</u> of the Credit Agreement, or more
frequently if requested by the Collateral Agent, a schedule of the Grantors&#146;
Accounts created, credits given, cash collected and other adjustments to
Accounts since the last such schedule; (b) on a monthly basis, within 30 days
after the end of each month, or more frequently if requested by the Collateral
Agent, an aging of the Grantors&#146; Accounts, together with a reconciliation to
the corresponding Borrowing Base Certificate and to the Grantors&#146; general
ledger; (c) on a monthly basis, within 30 days after the end of each month, or
more frequently if requested by the Collateral Agent, an aging of the Grantors&#146;
accounts payable; (d) on a monthly basis, within 30 days after the end of each
month (or more frequently if</font></p>
<p ALIGN="justify">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-8-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify">&nbsp;</p>
<p ALIGN="justify"><font face="Times New Roman" size="2">requested by the
Collateral Agent), a detailed calculation of Eligible Accounts, Eligible Secured
Accounts, Eligible Fleet Vehicles, Eligible Designated Subsidiary Accounts,
Eligible Designated Subsidiary Inventory and Eligible Inventory; (e) on a
monthly basis, within 30 days after the end of each month (or more frequently if
requested by the Collateral Agent), Inventory and Eligible Fleet Vehicles
reports by category and location, together with a reconciliation to the
corresponding Borrowing Base Certificate and to the Grantors&#146; general ledger;
(f) upon request, copies of invoices in connection with the Grantors&#146;
Accounts, customer statements, credit memos, remittance advices and reports,
deposit slips, shipping and delivery documents in connection with the Grantors&#146;
Accounts and for Inventory and Equipment (including fleet vehicles) acquired by
the Grantors, purchase orders and invoices; (g) upon request, a statement of the
balance of all assets and liabilities, however arising, which are due to the
Grantors from, or which are due from the Grantors to, or which otherwise arise
from any transaction by the Grantors with, any Affiliate of the Grantors;
(h)&nbsp;such other reports as to the Collateral of the Grantors as the
Collateral Agent shall reasonably request from time to time; and (i)&nbsp;with
the delivery of each of the foregoing, a certificate of the Grantors executed by
a Designated Financial Officer certifying as to the accuracy and completeness of
the foregoing. If any of the Grantors&#146; records or reports of the Collateral
are prepared by an accounting service or other agent, the Grantors hereby
authorize such service or agent to deliver such records, reports, and related
documents to the Collateral Agent, for distribution to the Lenders.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">10.
<a NAME="_Toc430586032">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430684153"><u>A</u></a><u>CCOUNTS</u></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Grantor hereby represents and warrants to the Collateral Agent and the Lenders,
with respect to the Grantor&#146;s Accounts, that: (i) each existing Account
represents, and each future Account will represent, a <u>bona</u> <u>fide</u>
sale or lease and delivery of goods by such Grantor, or rendition of services by
such Grantor, in the ordinary course of such Grantor&#146;s business; (ii) each
existing Account is, and each future Account will be, for a liquidated amount
payable by the Account Debtor thereon on the terms set forth in the invoice
therefor or in the schedule thereof delivered to the Collateral Agent, without
any offset, deduction, defense, or counterclaim, except those known to such
Grantor and disclosed to the Collateral Agent and the Lenders pursuant to this
Security Agreement; (iii) no payment will be received with respect to any
Account, and no credit, discount, or extension, or agreement therefor will be
granted on any Account, except as reported to the Collateral Agent and the
Lenders in Borrowing Base Certificates delivered in accordance with the Credit
Agreement and this Security Agreement; (iv) each copy of an invoice delivered to
the Collateral Agent by such Grantor will be a genuine copy of the original
invoice sent to the Account Debtor named therein; and (v) all goods described in
any invoice representing a sale of goods will have been delivered to the Account
Debtor and all services of such Grantor described in each invoice will have been
performed.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Grantor shall (i) re-date any invoice or sale; (ii) make sales on extended
dating beyond that customary in such Grantor&#146;s business; or (iii) extend or
modify any Account except in accordance with Grantors&#146; past practices and
provided Grantors provide written notice thereof to the Collateral Agent. If any
Grantor becomes aware of any matter adversely affecting the collectibility of
any Account or the Account Debtor therefor involving an amount greater than
$100,000, including information that reveals a material adverse change in</font></p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-9-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0"><font face="Times New Roman" size="2">the
Account Debtor&#146;s creditworthiness, the Grantors will promptly so advise the
Collateral Agent and exclude such Account from Eligible Accounts.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Grantor shall accept any note or other instrument (except a check or other
instrument for the immediate payment of money) with respect to any Account
without the Collateral Agent&#146;s written consent. If the Collateral Agent
consents to the acceptance of any such instrument, it shall be considered as
evidence of the Account and not payment thereof and the Grantors will promptly
deliver such instrument to the Collateral Agent, endorsed by the applicable
Grantor to the Collateral Agent in a manner satisfactory in form and substance
to the Collateral Agent.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors shall notify the Collateral Agent promptly of all disputes and claims
in excess of $100,000 with any Account Debtor, and agrees to settle, contest, or
adjust such dispute or claim at no expense to the Collateral Agent or any
Lender. No discount, credit or allowance shall be granted to any such Account
Debtor without the Collateral Agent&#146;s prior written consent, except for
discounts, credits and allowances made or given in the ordinary course of the
Grantors&#146; business when no Event of Default exists hereunder. The Grantors
shall promptly report each credit memorandum on Borrowing Base Certificates (or
on supporting information delivered in connection therewith) submitted by them,
and shall send the Collateral Agent a copy of each credit memorandum in excess
of $50,000 promptly following the Collateral Agent&#146;s request therefor. The
Collateral Agent may, at all times when an Event of Default exists hereunder,
settle or adjust disputes and claims directly with Account Debtors for amounts
and upon terms which the Collateral Agent or the Required Lenders, as
applicable, shall consider advisable and, in all cases, the Collateral Agent
will credit the Grantors&#146; Loan Account with the net amounts received by the
Collateral Agent in payment of any Accounts.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
an Account Debtor returns any Inventory to a Grantor when no Event of Default
exists, then the Grantors shall promptly determine the reason for such return
and, if appropriate, shall issue a credit memorandum to the Account Debtor in
the appropriate amount. The Grantors shall promptly report all returns on
Borrowing Base Certificates (or on supporting information delivered in
connection therewith) submitted by them, and shall send the Collateral Agent a
report of each return involving an amount in excess of $75,000 promptly
following the Collateral Agent&#146;s request therefor. Each such report shall
indicate the reasons for the returns and the locations and condition of the
returned Inventory. In the event any Account Debtor returns Inventory to a
Grantor when an Event of Default exists, the Grantors, upon the request of the
Collateral Agent, shall: (i) hold the returned Inventory in trust for the
Collateral Agent; (ii) segregate all returned Inventory from all of its other
property; (iii) dispose of the returned Inventory solely according to the
Collateral Agent&#146;s written instructions; and (iv) not issue any credits or
allowances with respect thereto without the Collateral Agent&#146;s prior written
consent. All returned Inventory shall be subject to the Collateral Agent&#146;s
Liens thereon. Whenever any Inventory is returned, the related Account shall be
deemed ineligible to the extent of the amount owing by the Account Debtor with
respect to such returned Inventory.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">11.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>COLLECTION OF ACCOUNTS; PAYMENTS</u></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Until the Collateral Agent notifies the Grantors
to the contrary, the Grantors shall make collection of all Accounts and other
Collateral for the Collateral Agent, shall</font></p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-10-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0"><font face="Times New Roman" size="2">receive
all payments as the Collateral Agent&#146;s trustee, and shall promptly (and in any
event within one Business Day after receipt thereof) deliver all payments in
their original form duly endorsed in blank into a Payment Account established
for the account of the Grantors at a Clearing Bank acceptable to the Collateral
Agent, which Payment Account shall be subject to a Blocked Account Agreement.
All funds in any Payment Account shall be subject to the Collateral Agent&#146;s
sole control, and withdrawals by the Grantors shall not be permitted.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly
following the request of the Collateral Agent, (i) the Grantors shall establish
a lock-box service for collections of Accounts at a Clearing Bank acceptable to
the Collateral Agent and subject to a Blocked Account Agreement and other
documentation acceptable to the Collateral Agent, and (ii) the Grantors shall
instruct all Account Debtors to make all payments directly to the address
established for such service. If, notwithstanding such instructions, any Grantor
receives any proceeds of Accounts, it shall receive such payments as the
Collateral Agent&#146;s trustee, and shall immediately deliver such payments to the
Collateral Agent in their original form duly endorsed in blank or deposit them
into a Payment Account, as the Collateral Agent may direct. All collections
received in any lock-box or Payment Account or directly by any Grantor or the
Collateral Agent, and all funds in any Payment Account or other account to which
such collections are deposited shall be subject to the Collateral Agent&#146;s sole
control, and withdrawals by the Grantors shall not be permitted.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Collateral Agent or the Collateral Agent&#146;s designee may, at any time after the
occurrence of an Event of Default, notify Account Debtors that the Accounts have
been assigned to the Collateral Agent and of the Collateral Agent&#146;s security
interest therein, and may collect them directly and charge the collection costs
and expenses to the Loan Account as a Revolving Loan. So long as an Event of
Default has occurred and is continuing, the Grantors, at the Collateral Agent&#146;s
request, shall execute and deliver to the Collateral Agent such documents as the
Collateral Agent shall require to grant the Collateral Agent access to any post
office box in which collections of Accounts are received.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
sales of Inventory are made or services are rendered for cash, the Grantors
shall immediately deliver to the Collateral Agent or deposit into a Payment
Account the cash which the Grantors receive.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
payments including immediately available funds received by the Collateral Agent
at a bank account designated by it, will be the Collateral Agent&#146;s sole
property for its benefit and the benefit of the Lenders<b> </b>and will be
credited to the Loan Account (conditional upon final collection) after allowing
one (1) Business Days for collection; <u>provided</u>, <u>however</u>, that such
payments shall be deemed to be credited to the Loan Account immediately upon
receipt for purposes of (i) determining Availability, (ii) calculating the
Unused Line Fee pursuant to <u>Section 2.5</u> of the Credit Agreement, and
(iii) calculating the amount of interest accrued thereon solely for purposes of
determining the amount of interest to be distributed by the Collateral Agent to
the Lenders (but not the amount of interest payable by the Grantors).</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>INVENTORY; PERPETUAL INVENTORY</u></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors represent and warrant to the Collateral Agent and the Lenders and
agrees with the Collateral Agent and the Lenders that all of the Inventory owned
by</font></p>
<p ALIGN="justify">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-11-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify">&nbsp;</p>
<p ALIGN="justify"><font face="Times New Roman" size="2">the Grantors is and
will be held for sale or lease, or to be furnished in connection with the
rendition of services, in the ordinary course of the Grantors&#146; business, and
is and will be fit for such purposes. The Grantors will keep their Inventory in
good and marketable condition, except for damaged or defective goods arising in
the ordinary course of the Grantors&#146; business. The Grantors will not, without
the prior written consent of the Collateral Agent, acquire or accept any
Inventory on consignment or approval, except pursuant to the Navistar
Consignment Agreement provided the Navistar Intercreditor Agreement is in full
force and effect. The Grantors agree that all Inventory produced by the Grantors
in the United States of America will be produced in accordance with the Federal
Fair Labor Standards Act of 1938, as amended, and all rules, regulations, and
orders thereunder. The Grantors will conduct a physical count of the Inventory
at least once per Fiscal Year, and after and during the continuation of an Event
of Default, at such other times as the Collateral Agent requests. The Grantors
will maintain an inventory reporting system at all times consistent with past
practices and reasonably acceptable to the Collateral Agent. The Grantors will
not, without the Collateral Agent&#146;s written consent, sell any Inventory on a
bill-and-hold, guaranteed sale, sale and return, sale on approval, consignment,
or other repurchase or return basis.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with all Inventory financed by Letters of Credit, the Grantors will,
at the Collateral Agent&#146;s request, instruct all suppliers, carriers,
forwarders, customs brokers, warehouses or others receiving or holding cash,
checks, Inventory, Documents or Instruments in which the Collateral Agent holds
a security interest to deliver them to the Collateral Agent and/or subject to
the Collateral Agent&#146;s order, and if they shall come into the Grantors&#146;
possession, to deliver them, upon request, to the Collateral Agent in their
original form. The Grantors shall also, at the Collateral Agent&#146;s request,
designate the Collateral Agent as the consignee on all bills of lading and other
negotiable and non-negotiable documents.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2"><a NAME="_Toc430684156">13.
</a><a NAME="_Toc430586036">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><u>EQUIPMENT</u></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Grantor represents and warrants to the Collateral Agent and the Lenders and
agrees with the Collateral Agent and the Lenders that all of the Equipment owned
by such Grantor is and will be used or held for use in such Grantor&#146;s
business, and is and will be fit for such purposes. Each Grantor shall keep and
maintain its Equipment in good operating condition and repair (ordinary wear and
tear excepted) and shall make all necessary replacements thereof.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors shall promptly inform the Collateral Agent of any additions to or
deletions from the Equipment with a fair market value in excess of $10,000,
including the purchase, sale or other disposition of any fleet vehicle. The
Grantors shall not permit any Equipment to become a fixture with respect to real
property or to become an accession with respect to other personal property with
respect to which real or personal property the Collateral Agent does not have a
Lien. The Grantors will not, without the Collateral Agent&#146;s prior written
consent, alter or remove any identifying symbol or number on any of the Grantors&#146;
Equipment constituting Collateral.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as set forth in the Credit Agreement, no Grantor shall, without the Collateral
Agent&#146;s prior written consent, sell, lease as a lessor, or otherwise dispose
of any of such Grantor&#146;s Equipment.</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-12-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="left" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Grantor represents and warrants to the Agents and the Lenders that none of the
Equipment included in the <b>[describe pre-closing Appraisal]</b> is subject to
any Lien described in <u>clause (j)</u> of the definition of &quot;Permitted
Lien&quot;.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">14.
<a NAME="_Toc430586038">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430684158"><u>DOCUMENTS,,&nbsp;INSTRUMENTS,&nbsp;AND&nbsp;CHATTEL&nbsp;PAPER</u></a></font></b><font face="Times New Roman" size="2">.
Each Grantor represents and warrants to the Collateral Agent and the Lenders
that (a) all Documents, Instruments, and Chattel Paper describing, evidencing,
or constituting Collateral, and all signatures and endorsements thereon, are and
will be complete, valid, and genuine, and (b) all goods evidenced by such
Documents, Instruments, and Chattel Paper are and will be owned by such Grantor,
free and clear of all Liens other than Permitted Liens.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">15.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>INDEPENDENT DISTRIBUTOR SECURITY
DOCUMENTS</u></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Grantor represents and warrants to the Collateral Agent and the Lenders that (i)
on or prior to the date hereof the Grantors have delivered to, or made available
for review by, the Collateral Agent true and correct copies of each of the
Independent Distributor Security Documents as an effect on the date hereof, and
(ii) each of such Independent Distributor Security Documents is in full force
and effect as of the date hereof and constitutes the valid and binding
obligation of each of the parties thereto.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors shall (i) take all actions as may be necessary or as the Collateral
Agent may reasonably request in order to maintain in full force and effect the
Independent Distributor Security Documents and all Liens of the Grantors
thereunder, as well as to enable the Collateral Agent to maintain and enforce
the Agent&#146;s Liens therein, including the filing of all such UCC financing,
amendment and continuation statements as may be necessary to maintain the
perfection and priority of all such Liens or as the Collateral Agent may
reasonably request, and the giving of such notices to the Independent
Distributors as the Collateral Agent may reasonably request with respect to the
Agent&#146;s Liens in the Independent Distributor Security Documents, (ii) deliver
to the Collateral Agent true and correct copies of all Independent Distributor
Security Documents entered into or received by the Grantors after the date
hereof, (iii) not amend, modify or supplement any of the Independent Distributor
Security Documents in any respect without the Collateral Agent&#146;s prior consent
(except as may be necessary or requested under <u>clause (i)</u> hereof), which
consent shall not be unreasonably withheld or delayed, and (iv) provide the
Collateral Agent prompt written notice of any assertion by any Independent
Distributor that any of the Independent Distributor Security Documents is not a
legal and binding obligation of such Independent Distributor in any respect or
any attempted revocation or limitation by any Independent Distributor of any of
the Independent Distributor Security Documents.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors acknowledge and agree that the Collateral Agent shall have the right at
any time upon prior notice to Parent to (i) review, examine and make copies of
the Independent Distributor Security Documents and all of the Grantors&#146;
records relating thereto, and (ii) require the Grantors, at their sole cost and
expense, to execute and deliver to the Collateral Agent all such UCC-3
assignments as the Collateral Agent may request in order to evidence of record
the Agent&#146;s Liens in the Independent Distributor Security Documents.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-13-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors acknowledge and agree that, notwithstanding any assignment of record to
the Collateral Agent of any UCC financing statements relating to the Independent
Distributor Security Documents or any other action taken by the Collateral Agent
under this Security Agreement with respect to the Independent Distributor
Security Documents, (i) the provisions of Section 20(b) hereof shall apply to
the Independent Distributor Security Documents, and (ii) the Grantors shall
remain responsible for ensuring that all necessary UCC amendment and
continuation statements are timely and properly filed, and all other actions are
taken, in order to maintain the perfection and priority of all of the Liens of
the Grantors under the Independent Distributor Security Documents.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>CANADIAN
INTERCOMPANY SECURITY DOCUMENTS</u></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Grantor represents and warrants to the Collateral Agent and the Lenders that (i)
on or prior to the date hereof the Grantors have delivered to the Collateral
Agent true and correct copies of each of the Intercompany Security Documents as
an effect on the date hereof, and (ii) each of the Intercompany Security
Documents is in full force and effect as of the date hereof and constitutes the
valid and binding obligation of each of the parties thereto.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors shall (i) take all actions as may be necessary or as the Collateral
Agent may reasonably request in order to maintain in full force and effect the
Intercompany Security Documents and all Liens of the Grantors thereunder, as
well as to enable the Collateral Agent to maintain and enforce the Agent&#146;s
Liens therein, including the filing of all such financing, amendment and
continuation statements as may be necessary to maintain the perfection and
priority of all such Liens or as the Collateral Agent may reasonably request,
and the giving of such notices to the Designated Subsidiaries as the Collateral
Agent may reasonably request with respect to the Agent&#146;s Liens in the
Intercompany Security Documents, (ii) deliver to the Collateral Agent true and
correct copies of all Intercompany Security Documents entered into or received
by the Grantors after the date hereof, (iii) not amend, modify or supplement any
of the Intercompany Security Documents in any respect without the Collateral
Agent&#146;s prior consent (except as may be necessary or requested under <u>clause
(i)</u> hereof), which consent shall not be unreasonably withheld or delayed,
and (iv) provide the Collateral Agent prompt written notice of any assertion by
any Designated Subsidiary that any of the Intercompany Security Documents is not
a legal and binding obligation of such Designated Subsidiary in any respect or
any attempted revocation or limitation by any Designated Subsidiary of any of
the Intercompany Security Documents.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors acknowledge and agree that the Collateral Agent shall have the right at
any time upon prior notice to Parent to (i) review, examine and make copies of
the Intercompany Security Documents and all of the Grantors&#146; records relating
thereto, and (ii) require the Grantors, at their sole cost and expense, to
execute and deliver to the Collateral Agent all such assignments as the
Collateral Agent may request in order to evidence of record the Agent&#146;s Liens
in the Intercompany Security Documents.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors acknowledge and agree that, notwithstanding any assignment of record to
the Collateral Agent of any financing or similar statements relating to the
Intercompany Security Documents or any other action taken by the Collateral
Agent under this Security Agreement with respect to the Intercompany Security
Documents, (i) the provisions of</font></p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-14-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0"><font face="Times New Roman" size="2">&nbsp;Section
20(b) hereof shall apply to the Intercompany Security Documents, and (ii) the
Grantors shall remain responsible for ensuring that all necessary amendment and
continuation statements are timely and properly filed, and all other actions are
taken, in order to maintain the perfection and priority of all of the Liens of
the Grantors under the Intercompany Security Documents.</font></p>
<b>
<p ALIGN="left" style="text-indent: 30"><font face="Times New Roman" size="2">17.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>TITLED COLLATERAL</u>.</font></p>
</b>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors agree that (i) the Collateral Agent and the Existing Titled Collateral
Agent may engage the Custodial Administrator as their agent and custodial
administrator to administer and manage the certificates of title or other
comparable documents (including the Existing Certificates of Title) and
accomplish the perfection of the Agent&#146;s Liens in the Titled Collateral,
pursuant to the Custodial Administration Agreement, and (ii) the Grantors shall
execute an agreement or instrument satisfactory to the Custodial Administrator
and the Collateral Agent granting power of attorney to the Custodial
Administrator for the purpose of administering and managing such certificates of
title or other comparable documents and perfecting such Liens. The Grantors
agree that all fees and expenses of the Custodial Administrator, and all filing
fees, taxes, and other amounts incurred in connection with such perfection and
administration shall be paid by the Grantors.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
request by the Custodial Administrator, and not later than five (5) Business
Days following receipt thereof by any of the Grantors from the Custodial
Administrator, the Grantors shall execute and deliver to the Custodial
Administrator (i) all certificates of title or other comparable instruments
which the Custodial Administrator returns or delivers to the Grantors and
instructs the Grantors to execute in order to accomplish perfection of the Agent&#146;s
Liens on the Titled Collateral, (ii) any applications for notation of a security
interest or other comparable forms required in conjunction with the executed
certificates of title to accomplish perfection of such Liens on the Titled
Collateral which the Custodial Administrator delivers to and instructs the
Grantors to execute or cause to be executed, and (iii) such other certificates,
agreements, notices or other items as the Custodial Administrator or the
Collateral Agent deem necessary to perfect such Liens on the Titled Collateral.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within
twenty (20) days after the acquisition by any Grantor of any Titled Collateral,
the Grantors will: (i) execute such certificate of title applications and
documents as may be required to indicate the Agent&#146;s Liens thereon; (ii)
complete and execute any applications for notation of the Agent&#146;s Liens or
other comparable forms required by the applicable state's law in conjunction
with the executed certificates of title in order to perfect the Agent&#146;s Liens
in the Titled Collateral; and (iii) file at its expense the items in <u>clauses
(i)</u> and <u>(ii)</u>, along with such other certificates, agreements,
notices, or other comparable forms as may be necessary, with the appropriate
Governmental Authority in the applicable jurisdiction in order to perfect such
Liens.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors will cause the appropriate Governmental Authority to deliver directly
to the Custodial Administrator, or if delivered to a Grantor, cause to be
delivered to the Custodial Administrator within five (5) Business Days after
receipt thereof from the appropriate Governmental Authority by a Grantor, either
the original certificate of title with the Agent's Liens noted thereon or a
newly issued certificate of title or comparable instrument, as applicable, with</font></p>
<p ALIGN="justify" style="text-indent: 60">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-15-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0"><font face="Times New Roman" size="2">the
Agent's Liens noted thereon, to be managed and administered in accordance with
the Custodial Administration Agreement.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">18.
<a NAME="_Toc430586039">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430684159"><u>RIGHT
TO CURE</u></a></font></b><font face="Times New Roman" size="2">. The Collateral
Agent may, in its discretion, and shall, at the direction of the Required
Lenders, pay any amount or do any act required of the Grantors hereunder or
under any other Loan Document in order to preserve, protect, maintain or enforce
the Obligations, the Collateral or the Agent&#146;s Liens therein, and which the
Grantors fail to pay or do, including payment of any judgment against any
Grantor, any insurance premium, any warehouse charge, any finishing or
processing charge, any landlord&#146;s or bailee&#146;s claim, and any other Lien upon
or with respect to the Collateral. All payments that the Collateral Agent makes
under this <u>Section&nbsp;18</u> and all out-of-pocket costs and expenses that
the Collateral Agent pays or incurs in connection with any action taken by it
hereunder shall be charged to the Grantors&#146; Loan Account as a Revolving Loan.
Any payment made or other action taken by the Collateral Agent under this <u>Section&nbsp;18</u>
shall be without prejudice to any right to assert an Event of Default hereunder
and to proceed thereafter as herein provided.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">19.
<a NAME="_Toc430586040">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430684160"><u>POWER
OF ATTORNEY</u></a></font></b><font face="Times New Roman" size="2">. Each
Grantor hereby appoints the Collateral Agent and the Collateral Agent&#146;s
designee as such Grantor&#146;s attorney, with power: (a)&nbsp;to endorse such
Grantor&#146;s name on any checks, notes, acceptances, money orders, or other forms
of payment or security that come into the Collateral Agent&#146;s or any Lender&#146;s
possession; (b) to sign such Grantor&#146;s name on any invoice, bill of lading,
warehouse receipt or other negotiable or non-negotiable Document constituting
Collateral, on drafts against customers, on assignments of Accounts, on notices
of assignment, financing statements, certificate of title applications and other
public record filings, and to file any such financing statements, applications
and other filings by electronic means or otherwise with or without a signature
as authorized or required by applicable law or filing procedure; (c) so long as
any Event of Default has occurred and is continuing, to notify the post office
authorities to change the address for delivery of such Grantor&#146;s mail to an
address designated by the Collateral Agent and to receive, open and dispose of
all mail addressed to such Grantor; (d) to send requests for verification of
Accounts to customers or Account Debtors; (e) to complete in such Grantor&#146;s
name or the Collateral Agent&#146;s name, any order, sale or transaction, obtain
the necessary Documents in connection therewith, and collect the proceeds
thereof; (f) to clear Inventory through customs in such Grantor&#146;s name, the
Collateral Agent&#146;s name or the name of the Collateral Agent&#146;s designee, and
to sign and deliver to customs officials powers of attorney in such Grantor&#146;s
name for such purpose; and (g) to do all things necessary to carry out the
Credit Agreement and this Security Agreement. Each Grantor ratifies and approves
all acts of such attorney. None of the Lenders or the Collateral Agent nor their
attorneys will be liable for any acts or omissions or for any error of judgment
or mistake of fact or law except for their willful misconduct. This power, being
coupled with an interest, is irrevocable until the Credit Agreement has been
terminated and the Obligations have been fully satisfied.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">20.
<a NAME="_Toc430586041">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a><a NAME="_Toc430684161"><u>THE
COLLATERAL AGENT&#146;S AND THE LENDERS&#146; RIGHTS, DUTIES AND LIABILITIES</u></a></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors assume all responsibility and liability arising from or relating to the
use, sale or other disposition of the Collateral. The Obligations shall not be
affected by</font></p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-16-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0"><font face="Times New Roman" size="2">any
failure of the Collateral Agent or any Lender to take any steps to perfect the
Agent&#146;s Liens or to collect or realize upon the Collateral, nor shall loss of
or damage to the Collateral release the Grantors from any of the Obligations.
Following the occurrence and during the continuation of an Event of Default, the
Collateral Agent may (but shall not be required to), and at the direction of the
Required Lenders shall, without notice to or consent from any Grantor, sue upon
or otherwise collect, extend the time for payment of, modify or amend the terms
of, compromise or settle for cash, credit, or otherwise upon any terms, grant
other indulgences, extensions, renewals, compositions, or releases, and take or
omit to take any other action with respect to the Collateral, any security
therefor, any agreement relating thereto, any insurance applicable thereto, or
any Person liable directly or indirectly in connection with any of the
foregoing, without discharging or otherwise affecting the liability of the
Grantors for the Obligations or under the Credit Agreement or any other
agreement now or hereafter existing between the Collateral Agent and/or any
Lender and the Grantors.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It
is expressly agreed by each Grantor that, anything herein to the contrary
notwithstanding, such Grantor shall remain liable under each of its contracts
and each of its licenses to observe and perform all the conditions and
obligations to be observed and performed by it thereunder. Neither the
Collateral Agent nor any Lender shall have any obligation or liability under any
contract or license by reason of or arising out of this Security Agreement or
the granting herein of a Lien thereon or the receipt by the Collateral Agent or
any Lender of any payment relating to any contract or license pursuant hereto.
Neither the Collateral Agent nor any Lender shall be required or obligated in
any manner to perform or fulfill any of the obligations of the Grantors under or
pursuant to any contract or license, or to make any payment, or to make any
inquiry as to the nature or the sufficiency of any payment received by it or the
sufficiency of any performance by any party under any contract or license, or to
present or file any claims, or to take any action to collect or enforce any
performance or the payment of any amounts which may have been assigned to it or
to which it may be entitled at any time or times.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Collateral Agent may at any time after an Event of Default shall have occurred
and be continuing, without prior notice to any Grantor, notify Account Debtors,
parties to the Contracts and obligors in respect of Instruments and Chattel
Paper, that the Accounts and the right, title and interest of the Grantors in
and under such Contracts, Instruments and Chattel Paper have been assigned to
the Collateral Agent, and that payments shall be made directly to the Collateral
Agent, for itself and the benefit of the Lenders. Upon the request of the
Collateral Agent, the Grantors shall so notify Account Debtors, parties to
Contracts and obligors in respect of Instruments and Chattel Paper.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Collateral Agent may at any time in the Collateral Agent&#146;s own name or in the
name of any Grantor communicate with Account Debtors, parties to contracts,
obligors in respect of Instruments, and obligors in respect of Chattel Paper, to
verify with such Persons, to the Collateral Agent&#146;s satisfaction, the
existence, amount and terms of any such Accounts, contracts, Instruments or
Chattel Paper. If an Event of Default shall have occurred and be continuing, the
Grantors, at their own expense, shall cause the independent certified public
accountants then engaged by the Grantors to prepare and deliver to the
Collateral Agent and each Lender at any time and from time to time promptly upon
the Collateral Agent&#146;s request the following reports with respect to the
Grantor: (i) a reconciliation of all Accounts; (ii) an aging of</font></p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-17-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0"><font face="Times New Roman" size="2">all
Accounts; (iii) trial balances; and (iv) a test verification of such Accounts as
the Collateral Agent may request. The Grantors, at their own expense, shall
deliver to the Collateral Agent the results of each physical verification, if
any, which the Grantors may in their discretion have made, or caused any other
Person to have made on its behalf, of all or any portion of its Inventory.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>PATENT, TRADEMARK AND COPYRIGHT COLLATERAL</u></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Grantor represents and warrants to the Collateral Agent and the Lenders that (i)
such Grantor does not have any interest in, or title to, any Patent, Trademark
or Copyright except as set forth in <u>Schedule III</u> hereto, (ii) the
Security Agreement is effective to create a valid and continuing Lien on and,
upon filing of the Copyright Security Agreement with the United States Copyright
Office, perfected Liens in favor of the Collateral Agent on such Grantor&#146;s
patents, trademarks and copyrights and such perfected Liens are enforceable as
such as against any and all creditors of and purchasers from such Grantor, and
(iii) upon filing of the Copyright Security Agreements with the United States
Copyright Office and filing of the Patent and Trademark Agreements with the
United States Patent and Trademark Office and the filing of appropriate
financing statements, all actions necessary or desirable to protect and perfect
the Agent&#146;s Lien on such Grantor&#146;s patents, trademarks or copyrights shall
have been duly taken.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors shall notify the Collateral Agent immediately if it knows or has reason
to know that any application or registration relating to any patent, trademark
or copyright (now or hereafter existing) may become abandoned or dedicated, or
of any adverse determination or development (including the institution of, or
any such determination or development in, any proceeding in the United States
Patent and Trademark Office, the United States Copyright Office or any court)
regarding any Grantor&#146;s ownership of any patent, trademark or copyright, its
right to register the same, or to keep and maintain the same.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
no event shall any Grantor, either directly or through any agent, employee,
licensee or designee, file an application for the registration of any patent,
trademark or copyright with the United States Patent and Trademark Office, the
United States Copyright Office or any similar office or agency without giving
the Collateral Agent prompt written notice thereof, and, upon request of the
Collateral Agent, the Grantors shall execute and deliver any and all Patent
Security Agreements, Copyright Security Agreements or Trademark Security
Agreements as the Collateral Agent may request to evidence the Agent&#146;s Lien on
such patent, trademark or copyright, and the General Intangibles of the Grantors
relating thereto or represented thereby.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Grantors shall take all actions necessary or requested by the Collateral Agent
to maintain and pursue each application, to obtain the relevant registration and
to maintain the registration of each of the patents, trademarks and copyrights
(now or hereafter existing), including the filing of applications for renewal,
affidavits of use, affidavits of noncontestability and opposition and
interference and cancellation proceedings, unless the Grantors shall determine
that such patent, trademark or copyright is not material to the conduct of their
business.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-18-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event that any of the patent, trademark or copyright Collateral is infringed
upon, or misappropriated or diluted by a third party, and such infringement,
misappropriation or dilution could reasonably be expected to have a Material
Adverse Effect, the Grantors shall notify the Collateral Agent promptly after
any Grantor learns thereof. The Grantors shall, in such case, promptly sue for
infringement, misappropriation or dilution and to recover any and all damages
for such infringement, misappropriation or dilution, and shall take such other
actions as the Collateral Agent shall deem appropriate under the circumstances
to protect such patent, trademark or copyright Collateral.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><u><font face="Times New Roman" size="2">INDEMNIFICATION</font></u></b><font face="Times New Roman" size="2">.
In any suit, proceeding or action brought by the Collateral Agent or any Lender
relating to any Account, Chattel Paper, contract, Document, General Intangible
or Instrument for any sum owing thereunder or to enforce any provision of any
Account, Chattel Paper, contract, Document, General Intangible or Instrument,
the Grantors will save, indemnify and keep the Collateral Agent and the Lenders
harmless from and against all expense (including reasonable and actual attorneys&#146;
fees and expenses), loss or damage suffered by reason of any defense, setoff,
counterclaim, recoupment or reduction of liability whatsoever of the obligor
thereunder, arising out of a breach by any Grantor of any obligation thereunder
or arising out of any other agreement, indebtedness or liability at any time
owing to, or in favor of, such obligor or its successors from any Grantor,
except in the case of the Collateral Agent or any Lender, to the extent such
expense, loss, or damage is attributable to the gross negligence or willful
misconduct of the Collateral Agent or such Lender as finally determined by a
court of competent jurisdiction. All such obligations of the Grantors shall be
and remain enforceable against and only against the Grantors and shall not be
enforceable against the Collateral Agent or any Lender.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">23.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font face="Times New Roman" size="2">LIMITATION
ON LIENS ON COLLATERAL</font></u></b><font face="Times New Roman" size="2">. The
Grantors will not create, permit or suffer to exist, and will defend the
Collateral against, and take such other action as is necessary to remove, any
Lien on the Collateral except Permitted Liens, and will defend the right, title
and interest of the Collateral Agent and the Lenders in and to any of the
Grantors&#146; rights under the Collateral against the claims and demands of all
Persons whomsoever.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">24.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font face="Times New Roman" size="2">NOTICE
REGARDING COLLATERAL</font></u></b><font face="Times New Roman" size="2">. The
Grantors will advise the Collateral Agent promptly, in reasonable detail, of any
Lien (other than Permitted Liens) or claim made or asserted against any of the
Collateral.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">25.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>REMEDIES; RIGHTS </u>UPON<u>
DEFAULT</u></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition to all other rights and remedies granted to it under this Security
Agreement, the Credit Agreement, the other Loan Documents and under any other
instrument or agreement securing, evidencing or relating to any of the
Obligations, if any Event of Default shall have occurred and be continuing, the
Collateral Agent may exercise all rights and remedies of a secured party under
the UCC and otherwise at law or in equity. Without limiting the generality of
the foregoing, the Grantors expressly agrees that in any such event the
Collateral Agent, without demand of performance or other demand, advertisement
or notice of any kind (except the notice specified below of time and place of
public or private sale) to or upon any Grantor or any other Person (all and each
of which demands, advertisements and notices are hereby expressly</font></p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-19-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 0"><font face="Times New Roman" size="2">waived
to the maximum extent permitted by the UCC and other applicable law), may
forthwith enter upon the premises of each Grantor where any Collateral is
located through self-help, without judicial process, without first obtaining a
final judgment or giving any Grantor or any other Person notice and opportunity
for a hearing on the Collateral Agent&#146;s claim or action and may collect,
receive, assemble, process, appropriate and realize upon the Collateral, or any
part thereof, and may forthwith sell, lease, assign, give an option or options
to purchase, or sell or otherwise dispose of and deliver said Collateral (or
contract to do so), or any part thereof, in one or more parcels at a public or
private sale or sales, at any exchange at such prices as it may deem acceptable,
for cash or on credit or for future delivery without assumption of any credit
risk. The Collateral Agent or any Lender shall have the right upon any such
public sale or sales and, to the extent permitted by law, upon any such private
sale or sales, to purchase for the benefit of the Collateral Agent and the
Lenders, the whole or any part of said Collateral so sold, free of any right or
equity of redemption, which equity of redemption each Grantor hereby releases.
Such sales may be adjourned and continued from time to time with or without
notice. The Collateral Agent shall have the right to conduct such sales on any
Grantor&#146;s premises or elsewhere and shall have the right to use any Grantor&#146;s
premises without charge for such time or times as the Collateral Agent deems
necessary or advisable.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Grantor further agrees, at the Collateral Agent&#146;s request, to assemble the
Collateral and make it available to the Collateral Agent at places which the
Collateral Agent shall select, whether at such Grantor&#146;s premises or
elsewhere. Until the Collateral Agent is able to effect a sale, lease, or other
disposition of Collateral, the Collateral Agent shall have the right to hold or
use Collateral, or any part thereof, to the extent that it deems appropriate for
the purpose of preserving Collateral or its value or for any other purpose
deemed appropriate by the Collateral Agent. The Collateral Agent shall have no
obligation to any Grantor to maintain or preserve the rights of any Grantor as
against third parties with respect to Collateral while Collateral is in the
possession of the Collateral Agent. The Collateral Agent may, if it so elects,
seek the appointment of a receiver or keeper to take possession of Collateral
and to enforce any of the Collateral Agent&#146;s remedies (for the benefit of the
Collateral Agent and the Lenders), with respect to such appointment without
prior notice or hearing as to such appointment. The Collateral Agent shall apply
the net proceeds of any such collection, recovery, receipt, appropriation,
realization or sale to the Obligations as provided in the Credit Agreement, and
only after so paying over such net proceeds, and after the payment by the
Collateral Agent of any other amount required by any provision of law, need the
Collateral Agent account for the surplus, if any, to the Grantors. To the
maximum extent permitted by applicable law, each Grantor waives all claims,
damages, and demands against the Collateral Agent or any Lender arising out of
the repossession, retention or sale of the Collateral except such as arise
solely out of the gross negligence or willful misconduct of the Collateral Agent
or such Lender as finally determined by a court of competent jurisdiction. Each
Grantor agrees that ten (10) days prior notice by the Collateral Agent of the
time and place of any public sale or of the time after which a private sale may
take place is reasonable notification of such matters. The Grantors shall remain
liable for any deficiency if the proceeds of any sale or disposition of the
Collateral are insufficient to pay all Obligations, including any attorneys&#146;
fees or other expenses incurred by the Collateral Agent or any Lender to collect
such deficiency.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-20-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise specifically provided herein, each Grantor hereby waives
presentment, demand, protest or any notice (to the maximum extent permitted by
applicable law) of any kind in connection with this Security Agreement or any
Collateral.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EACH
GRANTOR HEREBY KNOWINGLY, INTENTIONALLY AND VOLUNTARILY WAIVES ALL RIGHTS WHICH
IT HAS UNDER CHAPTER 14 OF TITLE 44 OF THE OFFICIAL CODE OF GEORGIA OR UNDER ANY
SIMILAR PROVISION OF APPLICABLE LAW TO NOTICE AND TO A JUDICIAL HEARING PRIOR TO
THE ISSUANCE OF A WRIT OF POSSESSION ENTITLING THE COLLATERAL AGENT OR ANY
LENDER, OR THE SUCCESSORS AND ASSIGNS OF THE Collateral AGENT OR SUCH LENDER, TO
POSSESSION OF THE COLLATERAL UPON AN EVENT OF DEFAULT. WITHOUT LIMITING THE
GENERALITY OF THE FOREGOING AND WITHOUT LIMITING ANY OTHER RIGHT WHICH THE
Collateral AGENT OR THE LENDERS MAY HAVE, EACH GRANTOR CONSENTS THAT IF THE
Collateral AGENT OR ANY LENDER FILES A PETITION FOR AN IMMEDIATE WRIT OF
POSSESSION IN COMPLIANCE WITH SECTIONS 44-14-261 AND 44-14-262 OF THE OFFICIAL
CODE OF GEORGIA OR UNDER ANY SIMILAR PROVISION OF APPLICABLE LAW, AND THIS
WAIVER OR A COPY HEREOF IS ALLEGED IN SUCH PETITION AND ATTACHED THERETO, THE
COURT BEFORE WHICH SUCH PETITION IS FILED MAY DISPENSE WITH ALL RIGHTS AND
PROCEDURES HEREIN WAIVED AND MAY ISSUE FORTHWITH AN IMMEDIATE WRIT OF POSSESSION
IN ACCORDANCE WITH CHAPTER 14 OF TITLE 44 OF THE OFFICIAL CODE OF GEORGIA OR IN
ACCORDANCE WITH ANY SIMILAR PROVISION OF APPLICABLE LAW, WITHOUT THE NECESSITY
OF AN ACCOMPANYING BOND AS OTHERWISE REQUIRED BY SECTION 44-14-263 OF THE
OFFICIAL CODE OF GEORGIA OR BY ANY SIMILAR PROVISION UNDER APPLICABLE LAW.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">26.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font face="Times New Roman" size="2">GRANT
OF LICENSE TO USE PROPRIETARY RIGHTS</font></u></b><font face="Times New Roman" size="2">.
For the purpose of enabling the Collateral Agent to exercise rights and remedies
under this Security Agreement (including, without limiting the terms of <u>Section
25</u><b> </b>hereof, in order to take possession of, hold, preserve, process,
assemble, prepare for sale, market for sale, sell or otherwise dispose of
Collateral) at such time as the Collateral Agent shall be lawfully entitled to
exercise such rights and remedies, each Grantor hereby grants to the Collateral
Agent, for the benefit of the Collateral Agent and the Lenders, an irrevocable,
nonexclusive license (exercisable without payment of royalty or other
compensation to any Grantor) to use, license or sublicense any Proprietary
Rights now owned or hereafter acquired by such Grantor, and wherever the same
may be located, and including in such license access to all media in which any
of the licensed items may be recorded or stored and to all computer software and
programs used for the compilation or printout thereof.</font></p>
<b>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">27.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font face="Times New Roman" size="2">LIMITATION
ON THE COLLATERAL AGENT&#146;S AND THE LENDERS&#146; DUTY IN RESPECT OF COLLATERAL</font></u></b><font face="Times New Roman" size="2">.
The Collateral Agent and each Lender shall use reasonable care with respect to
the Collateral in its possession or under its control. Neither the Collateral
Agent nor any Lender shall have any other duty as to any Collateral in its
possession or control or in the possession or control of any agent or nominee of
the Collateral Agent or such Lender, or any income thereon or as to the
preservation of rights against prior parties or any other rights pertaining
thereto.</font></p>
<b>
<p ALIGN="JUSTIFY">&nbsp;</p>
</b>
<p ALIGN="center"><font face="Times New Roman" size="2">-21-</font></p>
<b>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 30"><font face="Times New Roman" size="2">28.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>MISCELLANEOUS</u></font></b><font face="Times New Roman" size="2">.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<b><u>Reinstatement</u></b>. This Security Agreement shall remain in full force
and effect and continue to be effective should any petition be filed by or
against any Grantor for liquidation or reorganization, should any Grantor become
insolvent or make an assignment for the benefit of any creditor or creditors or
should a receiver or trustee be appointed for all or any significant part of any
Grantor&#146;s assets, and shall continue to be effective or be reinstated, as the
case may be, if at any time payment and performance of the Obligations, or any
part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or
must otherwise be restored or returned by any obligee of the Obligations,
whether as a &quot;voidable preference,&quot; &quot;fraudulent conveyance,&quot;
or otherwise, all as though such payment or performance had not been made. In
the event that any payment, or any part thereof, is rescinded, reduced, restored
or returned, the Obligations shall be reinstated and deemed reduced only by such
amount paid and not so rescinded, reduced, restored or returned.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(b)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Notices</b></u>. Except as
otherwise provided herein, whenever it is provided herein that any notice,
demand, request, consent, approval, declaration or other communication shall or
may be given to or served upon any of the parties by any other party, or
whenever any of the parties desires to give and serve upon any other party any
communication with respect to this Security Agreement, each such notice, demand,
request, consent, approval, declaration or other communication shall be in
writing and shall be given in the manner, and deemed received, as provided for
in the Credit Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<b><u>Severability</u></b>. Whenever possible, each provision of this Security
Agreement shall be interpreted in a manner as to be effective and valid under
applicable law, but if any provision of this Security Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity without invalidating
the remainder of such provision or the remaining provisions of this Security
Agreement. This Security Agreement is to be read, construed and applied together
with the Credit Agreement and the other Loan Documents which, taken together,
set forth the complete understanding and agreement of the Collateral Agent, the
Lenders and the Grantors with respect to the matters referred to herein and
therein.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<b><u>No Waiver; Cumulative Remedies</u></b>. Neither the Collateral Agent nor
any Lender shall by any act, delay, omission or otherwise be deemed to have
waived any of its rights or remedies hereunder, and no waiver shall be valid
unless in writing, signed by the Collateral Agent and then only to the extent
therein set forth. A waiver by the Collateral Agent of any right or remedy
hereunder on any one occasion shall not be construed as a bar to any right or
remedy which the Collateral Agent would otherwise have had on any future
occasion. No failure to exercise nor any delay in exercising on the part of the
Collateral Agent or any Lender, any right, power or privilege hereunder, shall
operate as a waiver thereof, nor shall any single or partial exercise of any
right, power or privilege hereunder preclude any other or future exercise
thereof or the exercise of any other right, power or privilege. The rights and
remedies hereunder provided are cumulative and may be exercised singly or
concurrently, and are not exclusive of any rights and remedies provided by law.
None of the terms or provisions of this Security</font></p>
<p ALIGN="justify">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-22-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify">&nbsp;</p>
<p ALIGN="justify"><font face="Times New Roman" size="2">Agreement may be
waived, altered, modified or amended except by an instrument in writing, duly
executed by the Collateral Agent and the Grantors.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<b><u>Limitation by Law</u></b>. All rights, remedies and powers provided in
this Security Agreement may be exercised only to the extent that the exercise
thereof does not violate any applicable provision of law, and all the provisions
of this Security Agreement are intended to be subject to all applicable
mandatory provisions of law that may be controlling and to be limited to the
extent necessary so that they shall not render this Security Agreement invalid,
unenforceable, in whole or in part, or not entitled to be recorded, registered
or filed under the provisions of any applicable law.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(f)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Termination of this Security
Agreement</b></u>. Subject to <u>Section 28(a)</u><b> </b>hereof, this Security
Agreement (other than <u>Section 22</u>) and the license granted pursuant to
Section 26 hereof shall terminate upon the satisfactory collateralization of all
Letters of Credit, the payment in full of all other Obligations (other than
indemnification Obligations as to which no claim has been asserted), and the
termination of all Commitments.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<b><u>Successors and Assigns</u>. </b>This Security Agreement and all
obligations of the Grantors hereunder shall be binding upon the successors and
assigns of the Grantors (including any debtor-in-possession on behalf of any
Grantor) and shall, together with the rights and remedies of the Collateral
Agent, for the benefit of the Collateral Agent, the Letter of Credit Issuer and
the Lenders, hereunder, inure to the benefit of the Collateral Agent and the
Lenders, all future holders of any instrument evidencing any of the Obligations
and their respective successors and assigns. No sales of participations, other
sales, assignments, transfers or other dispositions of any agreement governing
or instrument evidencing the Obligations or any portion thereof or interest
therein shall in any manner affect the Lien granted to the Collateral Agent, for
the benefit of the Collateral Agent, the Letter of Credit Issuer and the
Lenders, hereunder. No Grantor may assign, sell, hypothecate or otherwise
transfer any interest in or obligation under this Security Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<b><u>Counterparts</u></b>. This Security Agreement may be executed in any
number of separate counterparts, each of which shall collectively and separately
constitute one and the same agreement.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<b><u>Governing Law</u></b>. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN ANY OF
THE LOAN DOCUMENTS, IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION,
VALIDITY AND PERFORMANCE, THIS SECURITY AGREEMENT AND THE OBLIGATIONS ARISING
HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF GEORGIA APPLICABLE TO CONTRACTS MADE AND PERFORMED IN
THAT STATE, AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. EACH
GRANTOR HEREBY CONSENTS AND AGREES THAT THE STATE COURTS OF THE STATE OF GEORGIA
OR THE FEDERAL COURTS LOCATED IN FULTON COUNTY, GEORGIA, SHALL HAVE EXCLUSIVE
JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN ANY GRANTOR,
THE COLLATERAL AGENT AND THE LENDERS PERTAINING TO THIS SECURITY AGREEMENT OR
ANY OF THE</font></p>
<p ALIGN="justify">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-23-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify">&nbsp;</p>
<p ALIGN="justify"><font face="Times New Roman" size="2">OTHER LOAN DOCUMENTS OR
TO ANY MATTER ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT OR ANY OF
THE OTHER LOAN DOCUMENTS, <u>PROVIDED</u>, THAT THE COLLATERAL AGENT, THE
LENDERS AND EACH GRANTOR ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY
HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF SUCH JURISDICTIONS, AND, <u>PROVIDED</u>,
<u>FURTHER</u>, NOTHING IN THIS SECURITY AGREEMENT SHALL BE DEEMED OR OPERATE TO
PRECLUDE THE COLLATERAL AGENT FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN
ANY OTHER JURISDICTION TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR
THE OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE
COLLATERAL AGENT. EACH GRANTOR EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH
JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH GRANTOR
HEREBY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED UPON LACK OF PERSONAL
JURISDICTION, IMPROPER VENUE OR <u>FORUM</u> <u>NON</u> <u>CONVENIENS</u> AND
HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED
APPROPRIATE BY SUCH COURT. EACH GRANTOR HEREBY WAIVES PERSONAL SERVICE OF THE
SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND
AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINTS AND OTHER PROCESS MAY BE MADE BY
REGISTERED OR CERTIFIED MAIL ADDRESSED TO THE BORROWERS&#146; AGENT AT THE ADDRESS
SET FORTH IN <u>SECTION 13.8</u> OF THE CREDIT AGREEMENT AND THAT SERVICE SO
MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF ACTUAL RECEIPT THEREOF OR
FIVE (5) BUSINESS DAYS AFTER DEPOSIT IN THE U.S. MAILS, PROPER POSTAGE PREPAID.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<b><u>Waiver of Jury Trial</u></b>. BECAUSE DISPUTES ARISING IN CONNECTION WITH
COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN
EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL
LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT DISPUTES
ARISING HEREUNDER OR RELATING HERETO BE RESOLVED BY A JUDGE APPLYING SUCH
APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF
THE JUDICIAL SYSTEM AND OF ARBITRATION, TO THE EXTENT PERMITTED BY APPLICABLE
LAW, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR
PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT,
OR OTHERWISE, AMONG THE COLLATERAL AGENT, THE LENDERS, THE LETTER OF CREDIT
ISSUER AND ANY GRANTOR ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL
TO THE RELATIONSHIP ESTABLISHED IN CONNECTION WITH, THIS SECURITY AGREEMENT OR
ANY OF THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS RELATED HERETO OR THERETO.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(k)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Section Titles</b></u>. The
Section titles contained in this Security Agreement are and shall be without
substantive meaning or content of any kind whatsoever and are not a part of the
agreement between the parties hereto.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-24-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<b><u>No Strict Construction</u></b>. The parties hereto have participated
jointly in the negotiation and drafting of this Security Agreement. In the event
an ambiguity or question of intent or interpretation arises, this Security
Agreement shall be construed as if drafted jointly by the parties hereto and no
presumption or burden of proof shall arise favoring or disfavoring any party by
virtue of the authorship of any provisions of this Security Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Advice
of Counsel</b></u>. Each of the parties represents to each other party hereto
that it has discussed this Security Agreement and, specifically, the provisions
of Sections 25(d), 28(i) and Section 28(j), with its counsel.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><u>Benefit
of the Lenders</u></b>. All Liens granted or contemplated hereby shall be for
the benefit of the Collateral Agent, the Letter of Credit Issuer and the
Lenders, and all proceeds or payments realized from Collateral in accordance
herewith shall be applied to the Obligations in accordance with the terms of the
Credit Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">(o)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Existing Titled Collateral</b></u>.
Each of the parties hereto acknowledges and agrees that (i) pursuant to the
Credit Agreement, Bank of America has authorized the Collateral Agent to take
all actions, and exercise all rights and remedies, otherwise available to the
Existing Titled Collateral Agent with respect to the Existing Titled Collateral
and the Existing Certificates of Title, as more fully set forth in the Credit
Agreement, and (ii) each reference herein to the &quot;Collateral Agent&quot; as
it relates to Collateral that consists of Existing Titled Collateral, and the
rights and remedies of the Collateral Agent with respect thereto, shall be
deemed to include both the Collateral Agent and the Existing Titled Collateral
Agent (it being understood that, in accordance with <u>clause (i)</u> above, the
Collateral Agent shall have the full right and power to exercise all such rights
and remedies on behalf of the Existing Titled Collateral Agent).</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">[SIGNATURES COMMENCE
Next Page]</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman" size="2">-25-</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman" size="2">IN
WITNESS WHEREOF, each of the parties hereto has caused this Security Agreement
to be executed and delivered by its duly authorized officer as of the date first
set forth above.</font></p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="1390">
  <tr>
    <td WIDTH="332" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="1025" VALIGN="TOP"><b><u>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">GRANTORS</font></u><font face="Times New Roman" size="2">:</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">ACKERMAN WRECKER
      SERVICE, INC.<br>
      A-EXCELLENCE TOWING CO.<br>
      ALL AMERICAN TOWING SERVICES, INC.&nbsp;<br>
      ALLIED GARDENS
      TOWING, INC.<br>
      ALLIED TOWING AND
      RECOVERY, INC.<br>
      ALTAMONTE TOWING,
      INC.<br>
      ANDERSON TOWING
      SERVICE, INC.<br>
      APACO, INC.<br>
      ARROW WRECKER
      SERVICE, INC.<br>
      A TO Z ENTERPRISES,
      INC.<br>
      B&amp;B ASSOCIATED
      INDUSTRIES, INC.<br>
      B-G TOWING, INC.<br>
      BEAR TRANSPORTATION,
      INC.<br>
      BEATY TOWING &amp;
      RECOVERY, INC.<br>
      BERT'S TOWING
        RECOVERY<br>
      </font>
      </b>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="2"><b>CORPORATION<br>
      BOB BOLIN SERVICES,
      INC.<br>
      BOB'S AUTO SERVICE,
      INC.<br>
      BOB VINCENT AND
        SONS WRECKER<br>
      </b>
      </font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="2"><b>SERVICE, INC.<br>
      BOULEVARD &amp;
        TRUMBULL TOWING,
      </b>
      </font> <font face="Times New Roman" size="2"><b>INC.<br>
      BREWER'S, INC.<br>
      BRYRICH CORPORATION<br>
      C&amp;L TOWING
      SERVICES, INC.<br>
      CAL WEST TOWING,
      INC.<br>
      CARDINAL CENTRE
      ENTERPRISES, INC.<br>
      CEDAR BLUFF 24 HOUR
      TOWING, INC.<br>
      CENTRAL VALLEY
      TOWING, INC.<br>
      CENTURY HOLDINGS,
      INC.<br>
      CHAD'S, INC.<br>
      CHAMPION CARRIER
      CORPORATION<br>
      CHEVRON, INC.<br>
      CHICAGO METRO
      SERVICES, INC.<br>
      CLARENCE CORNISH
      AUTOMOTIVE<br>
      </b>
      </font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><font face="Times New Roman" size="2">SERVICE, INC.<br>
      CLEVELAND VEHICLE
      DETENTION<br>
      CENTER, INC.<br>
      COFFEY&#146;S
        TOWING, INC.</font>
      </b>
    </TD></TR>
    </TABLE>
 <p>&nbsp;</p>
<hr color="#000080">
 <p>&nbsp;</p>
 <table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="1390">
  <tr>
    <td WIDTH="332" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="1025" VALIGN="TOP"><font face="Times New Roman" size="2"><b>
      <p ALIGN="LEFT">
      COLEMAN&#146;S
        TOWING &amp; RECOVERY, INC.<br>
      COMPETITION WHEELIFT, INC.<br>
      D.A. HANELINE,
      INC.<br>
      DVREX,
                              INC.<br>
      DICK'S TOWING
      &amp; ROAD SERVICE, INC.<br>
      DOLLAR
      ENTERPRISES, INC.<br>
      DON'S TOWING,
      INC.<br>
      DUGGER&#146;S
      SERVICES, INC.<br>
      DUN-RITE TOWING
      INC.<br>
      DURU, INC.<br>
      E.B.T., INC.<br>
      EXPORT
      ENTERPRISES, INC.<br>
      GARY&#146;S TOWING
        &amp; SALVAGE POOL,</b></font> <b><font face="Times New Roman" size="2">INC.<br>
      GOLDEN WEST
        TOWING EQUIPMENT</font></b> <font face="Times New Roman" size="2"><b>INC.<br>
      GOOD MECHANIC
        AUTO CO. OF RICHFIELD, INC.<br>
      GREAT AMERICA
      TOWING, INC.<br>
      GREG'S TOWING,
      INC.<br>
      H&amp;H TOWING
      ENTERPRISES, INC.<br>
      HALL'S TOWING
      SERVICE, INC.<br>
      HENDRICKSON
      TOWING, INC.<br>
      H.M.R.
      ENTERPRISES, INC.<br>
      INTERSTATE TOWING
      &amp; RECOVERY, INC.<br>
      KAUFF'S, INC.<br>
      KAUFF&#146;S OF FT.
      PIERCE, INC.<br>
      KAUFF&#146;S OF
      MIAMI, INC.<br>
      KAUFFS OF PALM
      BEACH, INC.<br>
      KEN'S TOWING,
      INC.<br>
      KING AUTOMOTIVE
      &amp; INDUSTRIAL EQUIPMENT, INC.<br>
      LAZER TOW
      SERVICES, INC.<br>
      LEVESQUE'S AUTO
      SERVICE, INC.<br>
      LWKR, INC.<br>
      LINCOLN TOWING
      ENTERPRISES, INC.<br>
      M&amp;M TOWING
      AND RECOVERY, INC.<br>
      MAEJO, INC.<br>
      MEL'S ACQUISITION
      CORP.<br>
      MERL'S TOWING
      SERVICE, INC.<br>
      MID AMERICA
        WRECKER &amp;<br>
      </b></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="2"><b>EQUIPMENT SALES,
      INC. OF COLORADO<br>
      MIKE'S WRECKER
      SERVICE, INC.</p>
      </b></font>
      </TD></TR></TABLE>
<P>&nbsp;</P>
<hr color="#000080">
<P>&nbsp;</P>
      <table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="1390">
  <tr>
    <td WIDTH="332" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="1025" VALIGN="TOP"><b><font face="Times New Roman" size="2">

        <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">MILLER
        FINANCIAL SERVICES GROUP,&nbsp; </font>INC.<br>
        MILLER/GREENEVILLE,
      INC.<br>
        MILLER
        INDUSTRIES DISTRIBUTING, INC.<br>
        MILLER INDUSTRIES,
      INC.<br>
        MILLER
        INDUSTRIES INTERNATIONAL, INC.<br>
        MILLER INDUSTRIES
      TOWING
      EQUIPMENT INC.<br>
        MOORE'S SERVICE
      &amp; TOWING, INC.<br>
        MOORE'S TOWING
      SERVICE, INC.<br>
        MOSTELLER&#146;S
      GARAGE, INC.<br>
        MURPHY'S
                              TOWING, INC.<br>
        OFFICIAL TOWING,
      INC.<br>
        O'HARE TRUCK
      SERVICE, INC.<br>
        P.A.T., INC.<br>
        PIPES
      ENTERPRISES, INC.<br>
        PRO-TOW, INC.<br>
        PULLEN'S TRUCK
      CENTER, INC.<br>
        PURPOSE, INC.<br>
        RAR ENTERPRISES,
      INC.<br>
        RANDY'S
                              HIGH COUNTRY TOWING, INC.<br>
        RAY HARRIS, INC.<br>
        RMA ACQUISITION
      CORP.<br>
        RRIC ACQUISITION
      CORP.<br>
        RAY&#146;S TOWING,
      INC.<br>
        RECOVERY
      SERVICES, INC.<br>
        RTIEX, INC.<br>
        RBEX INC.<br>
        ROAD ONE, INC.<br>
        ROADONE EMPLOYEE
      SERVICES, INC.<br>
        ROAD ONE
      INSURANCE SERVICES, INC.<br>
        ROAD ONE SERVICE,
      INC.<br>
        ROADONE SPECIALIZED<br>
      TRANSPORTATION, INC.<br>
        ROADONE
      TRANSPORTATION AND<br>
      LOGISTICS, INC.<br>
        R.M.W.S., INC.<br>
        SANDY'S AUTO
      &amp; TRUCK SERVICE, INC.<br>
        SAKSTRUP TOWING,
      INC.<br>
        SONOMA CIRCUITS,
      INC.<br>
        SOUTHERN WRECKER
      CENTER, INC.<br>
        SOUTHERN WRECKER
      SALES, INC.<br>
        SOUTHWEST
      TRANSPORT, INC.<br>
        SPEED'S
      AUTOMOTIVE, INC.</p>

      </font></b>

      </td></tr></table>
      <p>&nbsp;</p>
  <hr color="#000080">
      <p>&nbsp;</p>
      <table CELLSPACING="0" CELLPADDING="" WIDTH="1390">
  <tr>
    <td WIDTH="332" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="1025" VALIGN="TOP"><font face="Times New Roman" size="2"><b>

      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">SPEED'S RENTALS,
      INC.<br>
      SROGA'S
      AUTOMOTIVE SERVICES, INC.<br>
      SUBURBAN WRECKER
      SERVICE, INC.<br>
      TEAM TOWING AND
      RECOVERY, INC.<br>
      TED'S OF FAYVILLE,
      INC.<br>
      TEXAS TOWING
      CORPORATION<br>
      THOMPSON'S
      WRECKER SERVICE, INC.<br>
      </font>TOW PRO CUSTOM
        TOWING &amp; HAULING, INC.<br>
      TREASURE COAST
      TOWING, INC.<br>
      TREASURE COAST
      TOWING OF MARTIN&nbsp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COUNTY, INC.<br>
      TRUCK
                              SALES &amp; SALVAGE CO., INC.<br>
      WALKER TOWING,
      INC.<br>
      WES'S SERVICE
      INCORPORATED<br>
      WESTERN TOWING; MCCLURE/EARLEY<br>
      </b>
      </font>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="2"><b>ENTERPRISES, INC.<br>
      WHITEY&#146;S
      TOWING, INC.<br>
      WILTSE TOWING,
      INC.<br>
      ZEBRA TOWING,
      INC.<br>
      ZEHNER TOWING
      &amp; RECOVERY, INC.</p>
      <p ALIGN="LEFT">&nbsp;</p>
      </b>
      <p ALIGN="LEFT">By:&nbsp;&nbsp;<u>&nbsp;&nbsp;<i>&nbsp;/s/ Frank Madonia</i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
      </u>
      </font>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="2">Frank Madonia<br>

      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attorney-in-fact
          of each of the above-<br>

      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;referenced
          Grantors</p>
      </font>
    </td>
  </tr>
  <tr>
    <td WIDTH="332" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="1025" VALIGN="TOP">&nbsp;</td>
  </tr>
</table>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
  <hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP">
      <p ALIGN="LEFT">&nbsp;</p>
      <b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">COLLATERAL AGENT:</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">The CIT
      GROUP/COMMERCIAL SERVICES, INC.</font></p>
      </b>
      <p ALIGN="LEFT">&nbsp;</p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:&nbsp;<u>&nbsp;&nbsp;<i>&nbsp;/s/
      Arthur R. Cordwell&nbsp;&nbsp;</i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
      </u>Name:<u>&nbsp;&nbsp;&nbsp;&nbsp;Arthur R. Cordwell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Title:</font><u><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;V.P.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
      <p ALIGN="LEFT">&nbsp;</p>
      </u><b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">EXISTING TITLED
      COLLATERAL AGENT:</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">BANK OF AMERICA, N.A.</font></p>
      </b>
      <p ALIGN="LEFT"><font face="Times New Roman" size="2">By:<u>&nbsp;&nbsp;&nbsp;<i>/s/
      Kevin M. Moore</i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Name:<u>&nbsp;&nbsp;&nbsp;&nbsp;Kevin M.
      Moore&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
      Title:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior
      V.P.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font>&nbsp;</p>
    </td>
  </tr>
</table>
<u>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">SCHEDULE I<br>
</font>
</b></u><b>
<font face="Times New Roman" size="2">to<br>
SECURITY AGREEMENT</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">LOCATION OF COLLATERAL</font></p>
</u></b>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">A.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Location of Chief
Executive Office</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">B.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Location of Books and
Records</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">C.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Location of Collateral</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Location of all other
places of business</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">E.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Location of leased
facilities and name of lessor/sublessor</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<u>
<hr color="#000080">
<p ALIGN="CENTER">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">SCHEDULE II<br>
</font>
</b></u><b>
<font face="Times New Roman" size="2">to<br>
SECURITY AGREEMENT</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">JURISDICTION OF
ORGANIZATION<br>
(AND ORGANIZATION
NUMBER)</font></p>
</u></b>
<p ALIGN="LEFT">&nbsp;</p>
<u>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">SCHEDULE III<br>
</font>
</b></u><b>
<font face="Times New Roman" size="2">to<br>
SECURITY AGREEMENT</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">PATENTS, TRADEMARKS AND
COPYRIGHTS</font></p>
</u></b>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
  <hr color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>

</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.62
<SEQUENCE>5
<FILENAME>citstock.htm
<DESCRIPTION>EXH. 10.62 - CIT GROUP STOCK PLEDGE AGREEMENT
<TEXT>
<html>
<head>
<title>CIT Group Stock Pledge Agreement</title>
</head>

<body>

<b>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="4">STOCK PLEDGE AGREEMENT</font></p>
</u></b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50; margin-top: 0"><font face="Times New Roman" size="3">THIS STOCK
</font>PLEDGE<font face="Times New Roman" size="3">
AGREEMENT, dated as of July 23, 2001, is executed and delivered by <b>MILLER
INDUSTRIES, INC.</b>,<b> </b>a Tennessee corporation (&#147;Pledgor&#148;), in
favor of <b>THE CIT GROUP/BUSINESS CREDIT, INC.</b>, as Collateral Agent (the </font><font face="Times New Roman" size="3">&#147;Collateral Agent&#148;) for the lenders from time to time party to the
Credit Agreement described below (the </font><font face="Times New Roman" size="3">&#147;Lenders&#148;).</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">W</font></u><font face="Times New Roman" size="3">
<u>
 I</u>
<u>
 T</u>
<u>
 N</u>
<u>
 E</u>
<u>
 S</u>
<u>
 S</u>
<u>
 E</u>
<u>
 T</u>
<u>
 H</u>:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50; margin-top: 0">WHEREAS<font face="Times New Roman" size="3">, Pledgor is the
record and beneficial owner </font> of<font face="Times New Roman" size="3"> the shares of capital stock described in <u>Exhibit
A</u> hereto issued by each corporation named
therein (individually and collectively referred to as the &#147;Issuer&#148;);
and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">WHEREAS<font face="Times New Roman" size="3">, Pledgor and
the Issuer, as borrowers, the Lenders, </font> the<font face="Times New Roman" size="3"> Collateral Agent and Bank of America,
N.A., as Syndication Agent, Administrative Agent and Letter of Credit Issuer,
have entered into a Credit Agreement of even date herewith (as amended,
modified, supplemented and restated from time to time, the &#147;Credit
Agreement&#148;), pursuant to which the Lenders have agreed to make certain
loans and other financial accommodations to Pledgor; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;WHEREAS<font face="Times New Roman" size="3">, in accordance
with the terms of the Loan Documents and as a condition precedent to the Lenders&#146;
obligation to make loans under the Credit Agreement, and as security for all of
the Obligations, the Lenders are requiring that Pledgor execute and deliver this
Stock Pledge Agreement and grant the security interest contemplated hereby</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">NOW,
</font>THEREFORE<font face="Times New Roman" size="3">, in
consideration of the premises and the covenants hereinafter contained, and to
induce the Lenders to enter into the Credit Agreement and make the loans under
the Credit Agreement, it is agreed as follows</font>:</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">1.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Definitions</u></font>.<font face="Times New Roman" size="3">&nbsp;&nbsp;Unless otherwise defined herein, terms defined in the Credit Agreement are used
herein as therein defined, and the following shall have (unless otherwise
provided elsewhere in this Stock Pledge Agreement) the following respective
meanings (such meanings being equally applicable to both the singular and plural
form of the terms defined</font>):</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">&#147;Agreement&#148;
shall mean</font> <font face="Times New Roman" size="3"> this Stock Pledge Agreement, including all amendments, modifications
and supplements and any exhibits or schedules to any of the foregoing, and shall
refer to the Agreement as the same may be in effect at the time such reference
becomes operative</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">&#147;Domestic
</font>
Subsidiary<font face="Times New Roman" size="3">&#148; shall mean any Subsidiary of Pledgor which is organized under
the laws of a jurisdiction within the United States</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<hr size="3" color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">&#147;Event of
Default&#148; shall</font> <font face="Times New Roman" size="3"> have the meaning assigned to such term in the Credit
Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">&#147;Foreign
Subsidiary&#148; </font> shall<font face="Times New Roman" size="3"> mean any Subsidiary of Pledgor which is not a Domestic
Subsidiary.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">&#147;Non-Canadian
</font>
Foreign<font face="Times New Roman" size="3"> Subsidiary&#148; shall mean any Foreign Subsidiary which is not
organized under the laws of Canada or a jurisdiction within Canada</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">&#147;Obligations&#148;
</font>
shall<font face="Times New Roman" size="3"> have the meaning assigned to such term in the Credit Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 50; margin-top: 0"><font face="Times New Roman" size="3">&#147;Pledged
</font>
Collateral<font face="Times New Roman" size="3">&#148; shall have the meaning assigned to such term in Section 2
hereof.</font></p>
<p ALIGN="justify" style="text-indent: 50; margin-top: 0"><font face="Times New Roman" size="3">&#147;Pledged
Securities&#148; shall mean the stock </font> described<font face="Times New Roman" size="3"> in Sections 2.1 and 2.2 hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50; margin-top: 0"><font face="Times New Roman" size="3">2.0</font><font face="Times New Roman" size="3">
&nbsp;&nbsp;&nbsp;</font>Pledge<font face="Times New Roman" size="3">.&nbsp; Pledgor hereby pledges, conveys, hypothecates, mortgages,
assigns, sets over, delivers and grants to the Collateral Agent, for the benefit
of the Lenders, a security interest in all of the following (collectively, the &#147;Pledged Collateral</font>&#148;):</p>
<p ALIGN="JUSTIFY" style="text-indent: 90; margin-top: 0"><font face="Times New Roman" size="3">2.1&nbsp;&nbsp;&nbsp;&nbsp;100% of the
issued and outstanding capital stock owned by Pledgor of each Domestic
Subsidiary and the certificates representing such stock, and all dividends,
distributions, cash, instruments and other property or proceeds from time to
time received, receivable or otherwise distributed in respect of or in exchange
for any or all of such stock</font>;</p>
<p ALIGN="JUSTIFY" style="text-indent: 90; margin-top: 0"><font face="Times New Roman" size="3">2.2
&nbsp;&nbsp;&nbsp;&nbsp;65% of the
issued and outstanding voting stock (or, if less, 100% of the voting stock owned
by Pledgor) and 100% of the issued and outstanding non-voting stock owned by
Pledgor of each Foreign Subsidiary, and the certificates representing such
stock, and all dividends, distributions, cash, instruments and other property or
proceeds from time to time received, receivable or otherwise distributed in
respect of or in exchange for any or all of such stock; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90; margin-top: 0"><font face="Times New Roman" size="3">&nbsp;2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all proceeds of any of the foregoing</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp<font face="Times New Roman" size="3">3.0</font><font face="Times New Roman" size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u>Security</u><font face="Times New Roman" size="3"> <u> for Obligations</u>.
&nbsp;This Agreement secures, and the Pledged
Collateral is security for, the payment and performance of all of the
Obligations</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">4.0</font><font face="Times New Roman" size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Delivery of Pledged Securities</u>. &nbsp;All certificates representing or
evidencing the Pledged Securities shall be delivered to and held by or on behalf
of the Collateral Agent pursuant hereto and shall be accompanied by duly
executed instruments of transfer or assignment in blank, all in form and
substance satisfactory to the Collateral Agent; provided, however, that the
Pledgor shall not be required to deliver the certificates with respect to
Non-Canadian Foreign Subsidiaries until the Subordinated Debt is paid in full,
at which time Pledgor shall promptly deliver such certificates to the Collateral
Agent. The Collateral Agent shall have the right, in its discretion and without
notice to Pledgor, at any time after the occurrence of an Event of Default, to
transfer to or to register in the name of the Collateral Agent, or any of its
nominees, subject to the terms of this Agreement and, prior to the repayment in
full of the Subordinated Debt, to the rights of the Junior Creditors&#146; Agent
with respect to the stock of Non-Canadian Foreign Subsidiaries, any or all of
the Pledged Securities. In addition, the Collateral Agent shall have the right
at any time during the existence of an Event of Default to exchange certificates
or instruments&nbsp;</font></p>
<p ALIGN="center" style="text-indent: 50">&nbsp;</p>
<p ALIGN="center" style="text-indent: 50">-2-</p>
<hr size="3" color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="3">representing or evidencing Pledged Securities for certificates or
instruments of smaller or larger denominations</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">5.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u>Representations</u><font face="Times New Roman" size="3"> <u> and Warranties</u>.
&nbsp;Pledgor represents and warrants to the
Collateral Agent that</font>:</p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">5.1&nbsp;&nbsp;&nbsp;&nbsp;
Pledgor is, and
at the time of delivery of the Pledged Securities to the Collateral Agent
pursuant to Section 4 hereof will be, the sole holder of record and the sole
beneficial owner of the Pledged Collateral free and clear of any Lien thereon or
affecting the title thereto except for Permitted Liens</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">5.2
&nbsp;&nbsp;&nbsp; The Pledged
Securities included in the Pledged Collateral constitute the percentage of the
issued and outstanding shares of capital stock of the Issuer as is set forth on <u>Exhibit&nbsp;A</u>
attached hereto. All of the Pledged Securities have been duly authorized,
validly issued and are fully paid and non-assessable; and there are no existing
options, warrants or commitments of any kind or nature or any outstanding
securities or other instruments convertible into shares of any class of capital
stock of the Issuer, and no capital stock of the Issuer is held in the treasury
of the Issuer</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">5.3&nbsp;&nbsp;&nbsp;&nbsp;  Pledgor has the
right and requisite authority to pledge, assign, transfer, deliver, deposit and
set over the Pledged Collateral to the Collateral Agent as provided herein</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">5.4
&nbsp;&nbsp;&nbsp;&nbsp;None of the
Pledged Securities has been issued or transferred in violation of the securities
registration, securities disclosure or similar laws of any jurisdiction to which
such issuance or transfer may be subject. Pledgor&#146;s execution and delivery of
this Agreement and the pledge of the Pledged Collateral hereunder do not,
directly or indirectly, violate or result in a violation of any such laws</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">5.5
&nbsp;&nbsp;&nbsp;&nbsp;None of the
Pledged Securities included in the Pledged Collateral is, as of the date of this
Agreement, Margin Stock (as such term is defined in 12 C.F.R. Section 207), and
Pledgor shall, promptly after learning thereof, notify the Collateral Agent of
any Pledged Collateral which is or becomes Margin Stock and execute and deliver
in favor of the Collateral Agent any and all instruments, documents and
agreements (including, but not limited to, Form U-1) necessary to cause the
pledge of such Margin Stock to comply with all applicable laws, rules and
regulations</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">5.6
&nbsp;&nbsp;&nbsp;&nbsp; No consent,
approval, authorization or other order of any Person and no consent,
authorization, approval, or other action by, and no notice to or filing with,
any governmental departments, commissions, boards, bureaus, agencies or other
instrumentalities, domestic or foreign, is required to be made or obtained by
Pledgor either (a) for the pledge of the Pledged Collateral pursuant to this
Agreement or for the execution, delivery or performance of this Agreement by
Pledgor, or (b)&nbsp;for the exercise by the Collateral Agent of the voting or
other rights provided for in this Agreement or the remedies in respect of the
Pledged Collateral pursuant to this Agreement, except as may be required in
connection with such disposition by laws affecting the offering and sale of
securities generally</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">5.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The pledge,
assignment and delivery of the Pledged Collateral pursuant to this Agreement
will create a valid Lien on and a perfected security interest in the Pledged
Collateral pledged by Pledgor, and the proceeds thereof, securing the payment of
the Obligations</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;</p>
<p ALIGN="center" style="text-indent: 50">-3-</p>
<hr size="3" color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">5.8
&nbsp;&nbsp;&nbsp;&nbsp; This Agreement
has been duly authorized, executed and delivered by Pledgor and constitutes a
legal, valid and binding obligation of Pledgor enforceable in accordance with
its terms, except as enforceability may be limited by bankruptcy, insolvency, or
other similar laws affecting the rights of creditors generally or by the
application of general principles of equity</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">The representations and
warranties set forth in this Section 5 shall survive the execution and delivery
of this Agreement</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">6.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Covenants</u>.&nbsp;&nbsp;
</font>
Pledgor<font face="Times New Roman" size="3"> covenants and agrees that until the termination of this Agreement in
accordance with Section 12 hereof</font>:</p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">6.1
&nbsp;&nbsp;&nbsp;&nbsp; Except as
provided herein or as permitted under the Credit Agreement, without the prior
written consent of the Collateral Agent, Pledgor will not sell, assign,
transfer, pledge, or otherwise encumber any of its rights in or to the Pledged
Collateral or any unpaid dividends or other unpaid distributions or payments
with respect thereto or grant a Lien therein.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">6.2
&nbsp;&nbsp;&nbsp;&nbsp; Pledgor will
not, subsequent to the date of this Agreement, other than as permitted in the
Credit Agreement, cause or permit the Issuer to issue any shares of capital
stock or securities convertible into shares of capital stock, unless and except
upon first having obtained the prior written consent of the Collateral Agent
thereto, except that the Issuer may issue shares of common stock to Pledgor,
provided that such common stock is pledged to the Collateral Agent as required
by this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">6.3
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor will, at
its expense, promptly execute, acknowledge and deliver all such instruments and
take all such action as the Collateral Agent from time to time may reasonably
request in order to ensure to the Collateral Agent the benefits of the Liens in
and to the Pledged Collateral intended to be created by this Agreement,
including the filing of any necessary or desirable Uniform Commercial Code
financing statements, which may be filed by the Collateral Agent with or without
the signature of Pledgor, and will cooperate with the Collateral Agent, at
Pledgor&#146;s expense, in obtaining all necessary approvals and making all
necessary filings under federal or state law in connection with such Liens or
any sale or transfer of the Pledged Collateral.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">6.4
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor has and
will defend the title to the Pledged Collateral and the Liens of the Collateral
Agent thereon against the claim of any Person (other than the Junior Creditors&#146;
Agent with respect to the stock of the Non-Canadian Foreign Subsidiaries prior
to the repayment in full of the Subordinated Debt) and will maintain and
preserve such Liens.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">6.5
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor will,
upon obtaining any additional shares of capital stock of the Issuer which are
not already Pledged Collateral, promptly (and in any event within three (3)
Business Days) deliver to the Collateral Agent a Pledge Amendment, duly executed
by Pledgor, in substantially the form of <u>Exhibit B</u>
hereto (a &#147;Pledge Amendment&#148;), to confirm the pledge of such
additional Pledged Securities pursuant to this Agreement; provided, however,
that the failure of Pledgor to execute and deliver any such Pledge Amendment
shall not prevent such additional Pledged Securities from being subject to the
Lien created by this Agreement; provided, further, that Pledgor shall not be
required to pledge hereunder more&nbsp;</font></p>
<p ALIGN="center" style="text-indent: 50">-4-</p>
<hr size="3" color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="3"> than 65% of the outstanding voting stock of
any Foreign Subsidiary. Pledgor hereby authorizes the Collateral Agent to attach
each Pledge Amendment to this Agreement and agrees that all shares of stock
listed on any Pledge Amendment delivered to the Collateral Agent shall for all
purposes hereunder be considered Pledged Securities hereunder and shall be
included in the Pledged Collateral.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">6.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor will pay
all taxes, assessments and charges levied, assessed or imposed upon the Pledged
Collateral owned by it before the same become delinquent or become Liens upon
any of the Pledged Collateral except where such taxes, assessments and charges
may be contested in good faith by appropriate proceedings and appropriate
reserves have been established on Pledgor&#146;s books in accordance with GAAP.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90">&nbsp;<font face="Times New Roman" size="3">6.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor will not
create, grant or suffer to exist any Lien on any of the Pledged Collateral
except Permitted Liens.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font size="3">7.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Distributions; Etc.</u></font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90"><font face="Times New Roman" size="3">
7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Right of Pledgor to Receive Distributions</u>.&nbsp;&nbsp;For so long as no Event of Default exists, Pledgor
shall have the right to receive cash distributions declared and paid with
respect to the Pledged Collateral, to the extent such distributions are
permitted by the Credit Agreement. Any and all stock or liquidating
distributions, other distributions in property, return of capital or other
distributions made on or in respect of Pledged Collateral, whether resulting
from a subdivision, combination or reclassification of the outstanding capital
stock of the Issuer or received in exchange for Pledged Collateral or any part
thereof or as a result of any merger, consolidation, acquisition or other
exchange of assets to which the Issuer may be a party or otherwise, shall be and
become part of the Pledged Collateral pledged hereunder and, if received by
Pledgor, shall be received in trust for benefit of the Collateral Agent, be
segregated from the other property and funds of Pledgor, and shall forthwith be
delivered to the Collateral Agent to be held subject to the terms of this
Agreement (in each case, with respect to the stock of Non-Canadian Foreign
Subsidiaries prior to the repayment in full of the Subordinated Debt, subject to
the rights of the Junior Creditors&#146; Agent).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90"><font face="Times New Roman" size="3">7.2</font><font face="Times New Roman" size="3">
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Holding Pledged Collateral; Exchanges</u>.&nbsp;&nbsp;The Collateral Agent may hold
any of the Pledged Collateral, endorsed or assigned in blank, and, during the
existence of an Event of Default, may deliver any of the Pledged Collateral to
the issuer thereof for the purpose of making denominational exchanges or
registrations or transfers or for such other reasonable purpose in furtherance
of this Agreement as the Collateral Agent may deem desirable (subject to the
rights of the Junior Creditors&#146; Agent with respect to the stock of
Non-Canadian Foreign Subsidiaries prior to the repayment in full of the
Subordinated Debt). The Collateral Agent shall have the right, if necessary to
perfect its security interest, to transfer to or register in the name of the
Collateral Agent or any of its nominees, any or all of the Pledged Collateral
(subject to the rights of the Junior Creditors&#146; Agent with respect to the
stock of Non-Canadian Foreign Subsidiaries prior to the repayment in full of the
Subordinated Debt); <u>provided</u> that notwithstanding the foregoing, until
any transfer of beneficial ownership with respect to the Pledged Collateral
pursuant to any exercise of remedies under Section 8 hereof, Pledgor shall
continue to be the beneficial owner of the Pledged Collateral.</font></p>
<p ALIGN="center" style="text-indent: 50">-5-</p>
<hr size="3" color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 90"><font face="Times New Roman" size="3">7.3</font>
<font face="Times New Roman" size="3">
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Termination of Pledgor&#146;s Right to Receive Distributions</u>.&nbsp;&nbsp;During the
existence of any Event of Default, all rights of Pledgor to receive any cash
distributions pursuant to Section 7.1 hereof shall cease, and all such rights
shall thereupon become vested in the Collateral Agent, and the Collateral Agent
shall have the sole and exclusive right to receive and retain the distributions
which Pledgor would otherwise be authorized to receive and retain pursuant to
Section 7.1 hereof. In such event, Pledgor shall pay over to the Collateral
Agent any distributions received by it with respect to the Pledged Collateral
and any and all money and other property paid over to or received by the
Collateral Agent pursuant to the provisions of this Section 7.3 shall be
retained by the Collateral Agent as Pledged Collateral hereunder and/or shall be
applied to the repayment of the Obligations in accordance with the provisions
hereof. Notwithstanding the foregoing, all rights of the Collateral Agent under
this Section 7.3 with respect to the stock of Non-Canadian Foreign Subsidiaries
are, prior to the repayment in full of the Subordinated Debt, subject to the
rights of the Junior Creditors&#146; Agent with respect to such stock.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">8.0</font><font face="Times New Roman" size="3">
&nbsp;&nbsp;&nbsp;&nbsp;<u>Remedies</u>.&nbsp;&nbsp;During the existence of an Event of Default, the Collateral
Agent shall have the following rights and remedies (it being understood that any
such rights and remedies with respect to the stock of Non-Canadian Foreign
Subsidiaries are, prior to the repayment in full of the Subordinated Debt,
subject to the rights of the Junior Creditors&#146; Agent with respect thereto):</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90"><font face="Times New Roman" size="3">8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Secured
Creditor</u>.&nbsp;&nbsp;All of the rights and remedies of a secured party under the
Uniform Commercial Code of the State where such rights and remedies are
asserted, or under other applicable law, all of which rights and remedies shall
be cumulative, and none of which shall be exclusive, to the extent permitted by
law, in addition to any other rights and remedies contained in this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90"><font face="Times New Roman" size="3">8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Right of Sale</u>.&nbsp;&nbsp;The Collateral Agent may, without demand and without advertisement, notice or
legal process of any kind (except as may be required by law), all of which
Pledgor waives, at any time or times (a)&nbsp;apply any cash distributions
received by the Collateral Agent pursuant to Section 7.3 hereof to the
Obligations, and (b) if following such application there remains outstanding
any Obligations, sell the remaining Pledged Collateral, or any part thereof at
public or private sale or at any broker&#146;s board or on any securities exchange,
for cash, upon credit or for future delivery as the Collateral Agent shall deem
appropriate.&nbsp;&nbsp;The Collateral Agent shall be authorized at any such sale (if, on
the advice of counsel, it deems it advisable to do so) to restrict the
prospective bidders or purchasers to Persons who will represent and agree that
they are purchasing the Pledged Collateral for their own account for investment
and not with a view to the distribution or resale thereof, and upon consummation
of any such sale the Collateral Agent shall have the right to assign, transfer
and deliver to the purchaser or purchasers thereof the Pledged Collateral so
sold. Each such purchaser at any such sale shall hold the property sold
absolutely free from any claim or right on the part of Pledgor, and Pledgor
hereby waives (to the extent permitted by law) all rights of redemption, stay
and/or appraisal which Pledgor now has or may have at any time in the future
under any rule of law or statute now existing or hereafter enacted. The proceeds
realized from the sale of any Pledged Collateral shall be applied first to the
actual and reasonable costs, expenses and attorneys&#146; fees and expenses
incurred by the Collateral Agent for collection and for acquisition, completion,
protection, removal, sale and delivery of the Pledged Collateral; and then to
the Obligations in the manner set forth in the Credit Agreement. If any
deficiency shall arise, Pledgor shall be liable therefor.</font></p>
<p ALIGN="center" style="text-indent: 50">-6-</p>
<hr size="3" color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 90"><font face="Times New Roman" size="3">8.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Notice</u>.&nbsp;&nbsp;In addition thereto, Pledgor further agrees that in the event that notice is
necessary under applicable law, written notice mailed to Pledgor in the manner
specified in Section 16 hereof ten (10) days prior to the date of the
disposition of the Pledged Collateral subject to the security interest created
herein at any such public sale or sale at any broker&#146;s board or on any such
securities exchange, or prior to the date after which private sale or any other
disposition of said Pledged Collateral will be made, shall constitute
commercially reasonable and fair notice.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90"><font face="Times New Roman" size="3">8.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Securities
Act, etc</u>.&nbsp;&nbsp;If, at any time when the Collateral Agent shall determine to
exercise its right to sell the whole or any part of the Pledged Collateral
hereunder, such Pledged Collateral or the part thereof to be sold shall not, for
any reason whatsoever, be effectively registered under the Securities Act of
1933, as now or hereafter in effect, or any similar statute now or hereafter in
effect in any jurisdiction (collectively, the &#147;Securities Laws&#148;), the
Collateral Agent may, in its discretion (subject only to applicable requirements
of law), sell such Pledged Collateral or part thereof by private sale in such
manner and under such circumstances as the Collateral Agent may deem necessary
or advisable, but subject to the other requirements of this Section 8, and shall
not be required to effect such registration or to cause the same to be effected.
Without limiting the generality of the foregoing, in any such event, the
Collateral Agent in its discretion (a)&nbsp;may, in accordance with applicable
securities laws, proceed to make such private sale notwithstanding that a
registration statement for the purpose of registering such Pledged Collateral or
part thereof could be or shall have been filed under any applicable Securities
Law, (b)&nbsp;may approach and negotiate with a single possible purchaser to
effect such sale, and (c)&nbsp;may restrict such sale to a purchaser who will
represent and agree that such purchaser is purchasing for its own account, for
investment and not with a view to the distribution or sale of such Pledged
Collateral or part thereof. In addition to a private sale as provided above in
this Section&nbsp;8, if any of the Pledged Collateral shall not be freely
distributable to the public without registration under applicable Securities
Laws at the time of any proposed sale pursuant to this Section 8, then the
Collateral Agent shall not be required to effect such registration or cause the
same to be effected but, in its discretion (subject only to applicable
requirements of law), may require that any sale hereunder (including a sale at
auction) be conducted subject to restrictions (i)&nbsp;as to the financial
sophistication and ability of any Person permitted to bid or purchase at any
such sale, (ii)&nbsp;as to the content of legends to be placed upon any
certificates representing the Pledged Collateral sold in such sale, including
restrictions on future transfer thereof, (iii)&nbsp;as to the representations
required to be made by each Person bidding or purchasing at such sale relating
to that Person&#146;s access to financial information about Pledgor and such Person&#146;s
intentions as to the holding of the Pledged Collateral so sold for investment,
for its own account, and not with a view to the distribution thereof, and (iv)&nbsp;as to such other matters as the Collateral Agent may, in its discretion,
deem necessary or appropriate in order that such sale (notwithstanding any
failure so to register) may be effected in compliance with the Bankruptcy Code
and other laws affecting the enforcement of creditors&#146; rights and all
applicable Securities Laws.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90"><font face="Times New Roman" size="3">8.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Registration</u>.&nbsp;&nbsp;Pledgor acknowledges that notwithstanding the legal availability of a private
sale or a sale subject to the restrictions described above in Section 8.4, the
Collateral Agent may, in its discretion and at its sole expense, elect to
register any or all of the Pledged Collateral under applicable Securities Laws.
Pledgor, however, recognizes that the Collateral Agent may be unable to effect a
public sale of any or all the Pledged Collateral and may be compelled to resort
to one or more private sales thereof. Pledgor also acknowledges that any such
private sale may result in prices and other terms less favorable to the seller
than if such sale were a public sale and, notwithstanding such&nbsp;</font></p>
<p ALIGN="center" style="text-indent: 50">-7-</p>
<hr size="3" color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="3"> circumstances,
agrees that any such private sale shall be deemed to have been made in a
commercially reasonable manner. The Collateral Agent shall be under no
obligation to delay a sale of any of the Pledged Collateral for the period of
time necessary to permit the registrant to register such securities for public
sale under applicable Securities Laws, even if Pledgor would agree to do so.</font></p>
<p ALIGN="justify" style="text-indent: 90"><font face="Times New Roman" size="3">8.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Waiver of
Certain Rights</u>.&nbsp;&nbsp;Pledgor agrees that following the occurrence and during the
continuance of an Event of Default it will not at any time plead, claim or take
the benefit of any appraisal, valuation, stay, extension, moratorium or
redemption law now or hereafter in force in order to prevent or delay the
enforcement of this Agreement, or the absolute sale of the whole or any part of
the Pledged Collateral or the possession thereof by any purchaser at any sale
hereunder, and Pledgor waives the benefit of all such laws to the extent it
lawfully may do so. Pledgor agrees that it will not interfere with any right,
power or remedy of the Collateral Agent provided for in this Agreement or now or
hereafter existing at law or in equity or by statute or otherwise, or the
exercise or beginning of the exercise by the Collateral Agent of any one or more
of such rights, powers or remedies. No failure or delay on the part of the
Collateral Agent to exercise any such right, power or remedy and no notice or
demand which may be given to or made upon Pledgor by the Collateral Agent with
respect to any such remedies shall operate as a waiver thereof, or limit or
impair the Collateral Agent&#146;s right to take any action or to exercise any
power or remedy hereunder, without notice or demand, or prejudice its rights as
against Pledgor in any respect.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90"><font face="Times New Roman" size="3">8.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Specific
Performance</u>.&nbsp;&nbsp;Pledgor further agrees that a breach of any of the covenants
contained in this Section 8 will cause irreparable injury to the Collateral
Agent, that the Collateral Agent has no adequate remedy at law in respect of
such breach and, as a consequence, agrees that each and every covenant contained
in this Section 8 shall be specifically enforceable against Pledgor, and Pledgor
hereby waives and agrees not to assert any defenses against an action for
specific performance of such covenants except for a defense that the Obligations
are not then due and payable in accordance with the agreements and instruments
governing and evidencing such obligations.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">9.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Power
of Attorney; Proxy</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90"><font face="Times New Roman" size="3">9.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the
existence of an Event of Default, Pledgor irrevocably designates, makes,
constitutes and appoints the Collateral Agent (and all Persons designated by the
Collateral Agent) as its true and lawful attorney (and agent-in-fact) and the
Collateral Agent, or the Collateral Agent&#146;s agent, may, without notice to
Pledgor, and at such time or times thereafter as the Collateral Agent or said
agent, in its discretion, may determine, in the name of Pledgor or the
Collateral Agent (in each case, prior to the repayment in full of the
Subordinated Debt, subject to the rights of the Junior Creditors&#146; Agent with
respect to the stock of Non-Canadian Foreign Subsidiaries): (a) transfer the
Pledged Collateral on the books of the issuer thereof, with full power of
substitution in the premises; (b) endorse the name of Pledgor upon any checks,
notes, acceptance, money orders, certificates, drafts or other forms of payment
of security that come into the Collateral Agent&#146;s possession to the extent
they constitute Pledged Collateral; and (c) do all acts and things necessary,
in the Collateral Agent&#146;s discretion, to fulfill the obligations of Pledgor
under this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 90"><font face="Times New Roman" size="3">9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the
existence of an Event of Default, the Collateral Agent, or itsnominee, without
notice or demand of any kind to Pledgor, shall have the sole and exclusive right
to exercise all</font></p>
<p ALIGN="center" style="text-indent: 50">-8-</p>
<hr size="3" color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="3">voting powers pertaining to any and all of the Pledged
Collateral (and to give written consents in lieu of voting thereon) and may
exercise such power in such manner as the Collateral Agent, in its sole
discretion, shall determine (in each case, prior to the repayment in full of the
Subordinated Debt, subject to the rights of the Junior Creditors&#146; Agent with
respect to the stock of Non-Canadian Foreign Subsidiaries). THIS PROXY IS
COUPLED WITH AN INTEREST AND IS IRREVOCABLE. The exercise by the Collateral
Agent of any of its rights and remedies under this Section 9.2 shall not be
deemed a disposition of Pledged Collateral under Article&nbsp;9 of the Uniform
Commercial Code nor an acceptance by the Collateral Agent of any of the Pledged
Collateral in satisfaction of any of the Obligations.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">10.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u>Waiver</u><font face="Times New Roman" size="3">.&nbsp;&nbsp;No delay on the Collateral Agent&#146;s part in exercising any power of sale, Lien,
option or other right hereunder, and no notice or demand which may be given to
or made upon Pledgor by the Collateral Agent with respect to any power of sale,
Lien, option or other right hereunder, shall constitute a waiver thereof, or
limit or impair the Collateral Agent&#146;s right to take any action or to exercise
any power of sale, Lien, option, or any other right hereunder, without notice or
demand, or prejudice the Collateral Agent&#146;s rights as against Pledgor in any
respect</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">11.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u>Assignment</u><font face="Times New Roman" size="3">.&nbsp;&nbsp;The Collateral Agent and the Lenders may assign, endorse or transfer any
instrument evidencing all or any part of the Obligations as provided in, and in
accordance with, the Credit Agreement, and the holder of such instrument shall
be entitled to the benefits of this Agreement</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">12.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Termination</u>.&nbsp;&nbsp;This Agreement shall terminate and be of no further force or effect at such time
as the Obligations shall be paid and performed in full and the Commitments shall
have been terminated. Upon such termination of this Agreement, the Collateral
Agent shall deliver to Pledgor the Pledged Collateral at the time subject to
this Agreement and then in the Collateral Agent&#146;s possession or control and
all instruments of assignment executed in connection therewith, free and clear
of the Liens hereof and, except as otherwise provided in Section 13 hereof, all
of Pledgor&#146;s obligations hereunder shall at such time terminate.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">13.0</font><font face="Times New Roman" size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Reinstatement</u>.&nbsp;&nbsp;This Agreement shall remain in full force and effect and continue to be
effective should any petition be filed by or against Pledgor for liquidation or
reorganization, should Pledgor become insolvent or make an assignment for the
benefit of creditors or should a receiver or trustee be appointed for all or any
significant part of Pledgor&#146;s assets, and shall continue to be effective or be
reinstated, as the case may be, if at any time payment and performance of the
Obligations, or any part thereof, is, pursuant to applicable law, rescinded or
reduced in amount, or must otherwise be restored or returned by any obligee of
the Obligations, whether as a </font><font face="Times New Roman" size="3">&#147;voidable preference</font><font face="Times New Roman" size="3">&#148;,
&#147;fraudulent
conveyance&#148;, or otherwise, all as though such payment or performance had
not been made. In the event that any payment, or any part thereof, is rescinded,
reduced, restored or returned, the Obligations shall be reinstated and deemed
reduced only by such amount paid and not so rescinded, reduced, restored or
returned</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">14.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Miscellaneous</u>.&nbsp;&nbsp;This Agreement shall be binding upon Pledgor and its successors and assigns, and
shall inure to the benefit of, and be enforceable by, the Collateral Agent and
its successors and assigns, and shall be governed by, and construed and enforced
in accordance with, the internal laws in effect in the State of Georgia, and
none of the terms or provisions of this Agreement may be waived,&nbsp;</font></p>
<p ALIGN="center" style="text-indent: 50">-9-</p>
<hr size="3" color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman" size="3"> altered,
modified or amended except in writing duly signed for and on behalf of the
Collateral Agent and Pledgor</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">15.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Severability</u>.&nbsp;&nbsp;If for any reason any provision or provisions hereof are determined to be
invalid and contrary to any existing or future law, such invalidity shall not
impair the operation of or effect those portions of this Agreement which are
valid</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">16.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Notices</u>.&nbsp;&nbsp;Except as otherwise provided herein, whenever it is provided
herein that any notice, demand, request, consent, approval, declaration or other
communication shall or may be given to or served upon any of the parties by any
other party, or whenever any of the parties desires to give or serve upon any
other a communication with respect to this Agreement, each such notice, demand,
request, consent, approval, declaration or other communication shall be in
writing and shall be delivered in accordance with the terms of Section 13.8 of
the Credit Agreement</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">17.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section
Titles</u>.&nbsp;&nbsp;The Section titles contained in this Agreement are and shall be
without substantive meaning or content of any kind whatsoever and are not a part
of the agreement between the parties hereto</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">18.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Counterparts</u>.&nbsp;&nbsp;This Agreement may be executed in any number of counterparts, which shall,
collectively and separately, constitute one agreement</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="center" style="text-indent: 50"><font face="Times New Roman" size="3">[SIGNATURES BEGIN ON
NEXT PAGE]</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="center" style="text-indent: 50">-10-</p>
<hr size="3" color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50; margin-top: 0"><font face="Times New Roman" size="3">IN
</font> WITNESS<font face="Times New Roman" size="3"> WHEREOF,
this Agreement has been duly executed as of the date first written above</font>.</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman"><b>MILLER INDUSTRIES,
INC.
</b>
      </font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">By:</font>
      <hr color="#000000" align="right" width="94%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman">Name:<u>
</u>
      </font>
      <hr color="#000000" align="right" width="88%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman">Title:</font>
      <hr color="#000000" align="right" width="88%" size="1">
    </td>
  </tr>
</table>
<p ALIGN="JUSTIFY"><b></p>
</b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<font face="Times New Roman">
<p ALIGN="center" style="text-indent: 50">-11-</p>
<hr size="3" color="#000080">
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
</font><b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">EXHIBIT A<br>
</font>
</b>
<font face="Times New Roman" size="3">to the Stock Pledge
Agreement</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50; margin-top: 0">Attached<font face="Times New Roman" size="3"> to and forming
a part of that certain Stock Pledge Agreement dated as of July 23, 2001 executed
and delivered by Miller Industries, Inc. to The CIT Group/Business Credit, Inc.,
as Collateral Agent</font>.</p>
<p ALIGN="JUSTIFY">&nbsp;</p>

<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">DOMESTIC SUBSIDIARIES</font></p>
</b>
<p ALIGN="CENTER">&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="676" bgcolor="#FFFF00">
  <tr>
    <td WIDTH="32%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Issuer</b></font></td>
    <td WIDTH="16%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Class of<br>
      Stock</b></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Certificate<br>
      Number(s)</b></font></td>
    <td WIDTH="15%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of<br>
      Shares</b></td>
    <td WIDTH="25%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of Shares<br>
      Issued &amp; Outstanding</b></td>
  </tr>
</table>
<hr size="3" color="#000000" align="left" width="99%">
<table border="0" cellspacing="1" width="98%">
  <tr>
    <td width="32%">
      <p ALIGN="LEFT">&nbsp;<font face="Times New Roman" size="3"><br>
      APACO, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Century Holdings,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">
      Miller/Greeneville, Inc</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Chevron, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Sonoma Circuits, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Miller Industries&nbsp;<br>
      </font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="3">International,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Miller Industries<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distributing,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">B&amp;B
      Associated&nbsp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industries, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Competition
      Wheelift, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Golden West
      Towing&nbsp;<br>
      </font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="3">Equipment, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">King Automotive
      &amp;<br>
      </font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="3">Industrial
      Equipment, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Mid America
      Wrecker &amp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equipment
      Sales, Inc.<br>
      </font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="3">of Colorado</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Purpose, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Southeastern
      Towing&nbsp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equipment, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Southern Wrecker
      Center, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Southern Wrecker
      Sales, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Road One, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">RoadOne Employee<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Services, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Road One Service,
      Inc.</font></p>
      </td>
    <td width="17%">
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3"><br>
      Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;</p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;</p>
      <p ALIGN="center"><br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      </td>
    <td width="13%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">24</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;</p>
      <p ALIGN="center"><font face="Times New Roman" size="3">3</font></p>
      <p ALIGN="center">&nbsp;</p>
      <p ALIGN="center"><br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">1</font></p>
    </td>
    <td width="15%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1,746</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">120</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">200</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;</p>
      <p ALIGN="center"><font face="Times New Roman" size="3">500</font></p>
      <p ALIGN="center">&nbsp;</p>
      <p ALIGN="center"><br>
      <font face="Times New Roman" size="3">50</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
    </td>
    <td width="25%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1,746</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">120</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">200</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;</p>
      <p ALIGN="center"><font face="Times New Roman" size="3">500</font></p>
      <p ALIGN="center">&nbsp;</p>
      <p ALIGN="center"><br>
      <font face="Times New Roman" size="3">50</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
    </td>
  </tr>
</table>
<p ALIGN="center">&nbsp;</p>
<p ALIGN="center">A-1</p>
<hr size="3" color="#000080" align="left">
<p>&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="676" bgcolor="#FFFF00">
  <tr>
    <td WIDTH="32%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Issuer</b></font></td>
    <td WIDTH="16%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Class of<br>
      Stock</b></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Certificate<br>
      Number(s)</b></font></td>
    <td WIDTH="15%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of<br>
      Shares</b></td>
    <td WIDTH="25%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of Shares<br>
      Issued &amp; Outstanding</b></td>
  </tr>
</table>
<hr size="3" color="#000000" align="left">
<table border="0" cellspacing="1" width="98%">
  <tr>
    <td width="32%">
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3"><br>
      A-Excellence Towing Co.</font></p>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Ackerman Wrecker<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service, Inc.</font></p>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">All American
      Towing<br>
      </font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="3">Services,
      Inc.</font></p>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Allied Gardens
      Towing, Inc.</font></p>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Allied Towing and<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recovery, Inc.</font></p>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Altamonte Towing,
      Inc.</font></p>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Anderson Towing
      Service, Inc.</font></p>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">Arrow Wrecker
      Service, Inc.</font></p>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">A to Z
      Enterprises, Inc.</font></p>
      <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">B-G Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Bear Transportation,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Beaty Towing &amp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recovery, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Bert&#146;s Towing
      Recovery<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporation</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Bob Bolin Services,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Bob&#146;s Auto
      Service, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Boulevard &amp;
      Trumbull<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Brewer&#146;s, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Bryrich Corporation</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">C&amp;L Towing
      Services, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Cal West Towing,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Cedar Bluff 24 Hour<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Central Valley
      Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Chad&#146;s, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Clarence Cornish
      Automotive<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Coffey&#146;s Towing,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Coleman&#146;s Towing
      &amp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recovery, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">DVREX, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Dick&#146;s Towing
      &amp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Road Service, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Don&#146;s Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Dugger&#146;s Services,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">DuRu, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">E.B.T., Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Export Enterprises,
      Inc.</font>&nbsp;
      </td>
    <td width="17%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      </td>
    <td width="13%">
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3"><br>
      2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">3</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">4</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">6</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">9</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">11</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">5</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">3</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
    </td>
    <td width="15%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">500</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">500</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">13,100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">20,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1,000</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">1,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">500</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">10,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
    </td>
    <td width="25%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">500</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">500</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">13,100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">20,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1,000</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">1,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">500</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">10,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
    </td>
  </tr>
</table>
<p ALIGN="center">&nbsp;</p>
<p ALIGN="center">A-2</p>
<hr size="3" color="#000080" align="left">
<p ALIGN="center">&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="676" bgcolor="#FFFF00">
  <tr>
    <td WIDTH="32%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Issuer</b></font></td>
    <td WIDTH="16%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Class of<br>
      Stock</b></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Certificate<br>
      Number(s)</b></font></td>
    <td WIDTH="15%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of<br>
      Shares</b></td>
    <td WIDTH="25%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of Shares<br>
      Issued &amp; Outstanding</b></td>
  </tr>
</table>
<hr size="3" color="#000000" align="left">
<table border="0" cellspacing="1" width="98%">
  <tr>
    <td width="32%">
      <p ALIGN="LEFT">&nbsp;<font face="Times New Roman" size="3"><br>
      Gary&#146;s Towing
      &amp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salvage Pool, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Great America
      Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">H&amp;H Towing Enterprises, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Hall&#146;s Towing
      Service, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">H.M.R. Enterprises,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Interstate Towing
      &amp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recovery, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Kauff&#146;s, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Ken&#146;s Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Lazer Tow Services,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Levesque&#146;s Auto
      Service, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">LWKR, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Lincoln Towing Enterprises, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">M&amp;M Towing and
      Recovery,<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Maejo, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Mel&#146;s Acquisition
      Corp.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Merl&#146;s Towing Service, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Mike&#146;s Wrecker Service, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Moore&#146;s Service
      &amp; Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Moore&#146;s Towing
      Service, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Mosteller&#146;s
      Garage, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Official Towing,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">O&#146;Hare Truck
      Service, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">P.A.T., Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Pipes Enterprises,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Pro-Tow, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Pullen&#146;s Truck
      Center, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">RAR Enterprises,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Randy&#146;s High
      Country Towing,<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Ray Harris, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Ray&#146;s Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Recovery Services,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">RTIEX, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">RBEX, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">R.M.W.S., Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">RRIC Acquisition
      Corp.</font></p>
      </td>
    <td width="17%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      </td>
    <td width="13%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">4</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">5</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><br>
      &nbsp;<font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">5</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
    </td>
    <td width="15%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      100</font></p>
      <p ALIGN="center"><br>
      &nbsp;<font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">525</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">5</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">360</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">500</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">50</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">10,000</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">222</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
    </td>
    <td width="25%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      100</font></p>
      <p ALIGN="center"><br>
      &nbsp;<font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">525</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">5</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">360</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">500</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">50</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">10,000</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">222</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1,000</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
    </td>
  </tr>
</table>
<p ALIGN="center">&nbsp;</p>
<p ALIGN="center">&nbsp;</p>
<p ALIGN="center">A-3</p>
<hr size="3" color="#000080" align="left">
<p ALIGN="center">&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="676" bgcolor="#FFFF00">
  <tr>
    <td WIDTH="32%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Issuer</b></font></td>
    <td WIDTH="16%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Class of<br>
      Stock</b></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Certificate<br>
      Number(s)</b></font></td>
    <td WIDTH="15%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of<br>
      Shares</b></td>
    <td WIDTH="25%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of Shares<br>
      Issued &amp; Outstanding</b></td>
  </tr>
</table>
<hr size="3" color="#000000" align="left">
<table border="0" cellspacing="1" width="98%">
  <tr>
    <td width="32%">
      <p ALIGN="LEFT">&nbsp;<font face="Times New Roman" size="3"><br>
      Sakstrup Towing,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Sandy&#146;s Auto &amp;
      Truck Service,<br>
      &nbsp;&nbsp;&nbsp;&nbsp;Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Speed&#146;s
      Automotive, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Speed&#146;s Rentals,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Sroga&#146;s Automotive
      Services,<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Suburban Wrecker Service, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Ted&#146;s of
      Fayville,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Texas Towing
      Corporation</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Thompson&#146;s Wrecker<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Tow Pro Custom
      Towing &amp;<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hauling, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Treasure Coast
      Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Walker Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Wes&#146;s Service
      Incorporated</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Western Towing;
      McClure/<br>
      </font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="3">Earley Enterprises,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Whitey&#146;s Towing,
      Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Wiltse Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Zebra Towing, Inc.</font></p>
      <p ALIGN="LEFT"><font face="Times New Roman" size="3">Zehner Towing &amp; Recovery, Inc.</font></p>
      </td>
    <td width="17%">
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3"><br>
      Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3"><br>
      Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">Common</font></p>
      </td>
    <td width="13%">
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3"><br>
      2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">3</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">4</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">1</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">3</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><br>
      <font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2</font>&nbsp;</p>
    </td>
    <td width="15%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">10</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">438</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">60</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">1,900</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2,500</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
    </td>
    <td width="25%">
      <p ALIGN="center"><font face="Times New Roman" size="3"><br>
      100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">10</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">438</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">60</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<font face="Times New Roman" size="3">1,900</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center">&nbsp;<br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">2,500</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><br>
      <font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
      <p ALIGN="center"><font face="Times New Roman" size="3">100</font></p>
    </td>
  </tr>
</table>
<p ALIGN="center">&nbsp;</p>
<p ALIGN="center">A-4</p>
<hr size="3" color="#000080" align="left">
<p ALIGN="center">&nbsp;</p>

<p ALIGN="center"></p>

<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">NON-CANADIAN FOREIGN
SUBSIDIARIES</font></p>
</b>
<p ALIGN="CENTER">&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="676" bgcolor="#FFFF00">
  <tr>
    <td WIDTH="32%" VALIGN="CENTER" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Issuer</b></font></td>
    <td WIDTH="16%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Class of<br>
      Stock</b></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Certificate<br>
      Number(s)</b></font></td>
    <td WIDTH="15%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of<br>
      Shares</b></td>
    <td WIDTH="25%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of Shares<br>
      Issued &amp; Outstanding</b></td>
  </tr>
</table>
<hr size="3" color="#000000" align="left">
<table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="676">
<tr>
    <td WIDTH="201" VALIGN="TOP">&nbsp;&nbsp;<font face="Times New Roman" size="3">Boniface Engineering,
      Ltd.</font></td>
    <td WIDTH="92" VALIGN="TOP">
      <p align="center">Ordinary</td>
    <td WIDTH="65" VALIGN="TOP" align="center">&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    <td WIDTH="85" VALIGN="TOP">
      <p align="center">&nbsp;65</p>
    </td>
    <td WIDTH="153" VALIGN="TOP">
      <p align="center">&nbsp;<font face="Times New Roman" size="3">100</font></p>
    </td>
  </tr>
</TABLE>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">CANADIAN FOREIGN
SUBSIDIARIES</font></p>
</b>
<p ALIGN="CENTER">&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="676" bgcolor="#FFFF00">
  <tr>
    <td WIDTH="32%" VALIGN="CENTER" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Issuer</b></font></td>
    <td WIDTH="16%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Class of<br>
      Stock</b></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Certificate<br>
      Number(s)</b></font></td>
    <td WIDTH="15%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of<br>
      Shares</b></td>
    <td WIDTH="25%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of Shares<br>
      Issued &amp; Outstanding</b></td>
  </tr>
</TABLE>
<hr size="3" color="#000000" align="left">
<table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="676">
<tr>
    <td WIDTH="201" VALIGN="TOP"><font face="Times New Roman" size="3">407664 British Columbia
      </font><font face="Times New Roman" size="3">Ltd.</font></td>
    <td WIDTH="92" VALIGN="TOP" align="center">&nbsp;<font face="Times New Roman" size="3">Common</font></td>
    <td WIDTH="65" VALIGN="TOP" align="center">&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    <td WIDTH="85" VALIGN="TOP" align="center">&nbsp;<font face="Times New Roman" size="3">22.75</font></td>
    <td WIDTH="153" VALIGN="TOP" align="center">&nbsp;<font face="Times New Roman" size="3">35</font></td>
  </tr>
<tr>
    <td WIDTH="201" VALIGN="TOP">&nbsp;<font face="Times New Roman" size="3">Canadian Towing
      Equipment<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inc.</font></td>
    <td WIDTH="92" VALIGN="TOP" align="center">&nbsp;<font face="Times New Roman" size="3">Common</font></td>
    <td WIDTH="65" VALIGN="TOP" align="center">&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    <td WIDTH="85" VALIGN="TOP" align="center">&nbsp;<font face="Times New Roman" size="3">65</font></td>
    <td WIDTH="153" VALIGN="TOP" align="center">&nbsp;<font face="Times New Roman" size="3">100</font></td>
  </tr>
<tr>
    <td WIDTH="201" VALIGN="TOP"><font face="Times New Roman" size="3">F.G. Russell Truck
      </font>&nbsp;<font face="Times New Roman" size="3">Equipment<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ltd.</font></td>
    <td WIDTH="92" VALIGN="TOP" align="center">&nbsp;<font face="Times New Roman" size="3">Common</font></td>
    <td WIDTH="65" VALIGN="TOP" align="center">&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    <td WIDTH="85" VALIGN="TOP" align="center"><font face="Times New Roman" size="3"> 32,500</font></td>
    <td WIDTH="153" VALIGN="TOP" align="center">&nbsp;<font face="Times New Roman" size="3">50,000</font></td>
  </tr>
</table>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="center">A-5</p>
<p ALIGN="center">&nbsp;</p>
<hr size="3" color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">EXHIBIT B<br>
</font>
</b>
<font face="Times New Roman" size="3">to the Stock Pledge
Agreement</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">PLEDGE AMENDMENT</font></p>
</b>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50; margin-top: 0"><font face="Times New Roman" size="3">This
</font> Pledge<font face="Times New Roman" size="3"> Amendment,
dated ________________, 200__, is delivered pursuant to Section&nbsp;6.5 of the
Stock Pledge Agreement referred to below. The undersigned hereby (a 0) pledges,
conveys, hypothecates, mortgages, assigns, sets over, delivers and grants to the
Collateral Agent, for the benefit of the Lenders, a security interest in the
shares of capital stock set forth below (the &#147;Additional Securities&#148;)
and all dividends, distributions, cash, instruments and other property or
proceeds from time to time received, receivable or otherwise distributed in
respect of or in exchange for any or all of the Additional Securities, all on
the terms and conditions set forth in that certain Stock Pledge Agreement, dated
as of July 23, 2001 (the &#147;Stock Pledge Agreement&#148;), executed and
delivered by the undersigned, as Pledgor, to The CIT Group/Business Credit,
Inc., as Collateral Agent, which terms and conditions are hereby incorporated
herein by reference; (b 0) agrees that this Pledge Amendment may be attached to
the Stock Pledge Agreement; and (c 0) agrees that the Additional Securities
listed on this Pledge Amendment shall be deemed to be a part of the Pledged
Securities under the Stock Pledge Agreement, shall become a part of the Pledged
Collateral referred to in the Stock Pledge Agreement and shall secure all
Obligations referred to in the Stock Pledge Agreement. Capitalized terms used
herein but not defined shall have the meanings ascribed to such terms in the
Stock Pledge Agreement</font>.</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman"><b>MILLER INDUSTRIES,
INC.
</b>
      </font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%">&nbsp;</td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">By:&nbsp;&nbsp;&nbsp;<i>/s/
      Frank Madonia</i></font>
      <hr color="#000000" align="right" width="94%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman">Name:&nbsp;&nbsp;Frank Madonia
      </font>
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exec.
      V.P.</font>
    </td>
  </tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="676" bgcolor="#FFFF00">
  <tr>
    <td WIDTH="32%" VALIGN="CENTER" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Issuer</b></font></td>
    <td WIDTH="16%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Class of<br>
      Stock</b></font></td>
    <td WIDTH="12%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <font face="Times New Roman" size="3"><b>Certificate<br>
      Number(s)</b></font></td>
    <td WIDTH="15%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of<br>
      Shares</b></td>
    <td WIDTH="25%" VALIGN="TOP" bgcolor="#FFFF00" align="center">
      <b>Number of Shares<br>
      Issued &amp; Outstanding</b></td>
  </tr>
</TABLE>
<hr size="3" color="#000000" align="left">
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center">B-1</p>
<p align="center">&nbsp;</p>
<hr size="3" color="#000080">
<p>&nbsp;</p>

</body>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.70
<SEQUENCE>6
<FILENAME>jragrt.htm
<DESCRIPTION>EXH. 10.70 - AMENDED AND RESTATED CREDIT AGREEMENT
<TEXT>
<html>

<head>
<meta name="GENERATOR" content="Microsoft FrontPage 4.0">
<meta name="ProgId" content="FrontPage.Editor.Document">
<title>AMENDED AND RESTATED CREDIT AGREEMENT</title>
</head>

<body>

<font SIZE="2">

<hr size="4" color="#0000FF">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">AMENDED AND RESTATED CREDIT
AGREEMENT</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">by and among</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">MILLER INDUSTRIES, INC.</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">and</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">MILLER INDUSTRIES TOWING
EQUIPMENT INC.</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">as Borrowers,</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">BANK OF AMERICA, N.A.</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">as Agent and as Lender,</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">and</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">THE LENDERS PARTY HERETO FROM
TIME TO TIME</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">July 23, 2001</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<hr size="4" color="#0000FF">
<p ALIGN="CENTER">&nbsp;</p>
<div align="center">
  <center>
  <table border="0" width="685" cellpadding>
    <tr>
      <td width="665" colspan="3" align="center"><font SIZE="2">
        <p ALIGN="CENTER"><font face="Times New Roman">TABLE OF CONTENTS</font></p>
        </font>
        <p>&nbsp;</td>
    </tr>
    <tr>
      <td width="80"></td>
      <td width="539"></td>
      <td width="46"><font SIZE="2"><u><font face="Times New Roman"><b>Page</b></font></u></font></td>
    </tr>
    <tr>
      <td width="80"></td>
      <td width="539"></td>
      <td width="46"></td>
    </tr>
    <tr>
      <td width="665" colspan="3">
        <p ALIGN="center"><b><font SIZE="2" face="Times New Roman">ARTICLE I</font></b><font SIZE="2"><u>
        <p ALIGN="CENTER"><font face="Times New Roman">Definitions and Terms</font></p>
        </u></font>
        <p align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="80"></td>
      <td width="539"></td>
      <td width="46"></td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">1.1.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Definitions</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">3</font></td>
    </tr>
    <tr>
      <td width="80">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">1.2.</font></td>
      <td width="539">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Rules of
        Interpretation</font></td>
      <td width="46">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">17</font></td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">1.3.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Amendment and
        Restatement</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">18</font></td>
    </tr>
    <tr>
      <td width="80">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">2.1.</font></td>
      <td width="539">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Payment of
        Principal</font></td>
      <td width="46">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">19</font></td>
    </tr>
    <tr>
      <td colspan="3" align="center" width="677">&nbsp;
        <p><b><font size="2" face="Times New Roman">ARTICLE I</font></b></p>
        <p><u><font size="2" face="Times New Roman">Definitions and Terms</font></u></td>
    </tr>
    <tr>
      <td width="80"></td>
      <td width="539"></td>
      <td width="46"></td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">2.1.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Term Loan; Payment
        of Principal</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">19</font></td>
    </tr>
    <tr>
      <td width="80">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">2.2.</font></td>
      <td width="539">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Payment of
        Interest</font></td>
      <td width="46">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">21</font></td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">2.3.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Non-Conforming
        Payments</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">21</font></td>
    </tr>
    <tr>
      <td width="80">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">2.4.</font></td>
      <td width="539">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Notes</font></td>
      <td width="46">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">22</font></td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">2.5.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Pro Rata Payments</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">22</font></td>
    </tr>
    <tr>
      <td width="80">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">2.6.</font></td>
      <td width="539">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Optional
        Prepayments</font></td>
      <td width="46">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">22</font></td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">2.7.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Mandatory
        Prepayments</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">22</font></td>
    </tr>
    <tr>
      <td width="80">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">2.8.</font></td>
      <td width="539">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Use of Proceeds</font></td>
      <td width="46">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">23</font></td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">2.9.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Commitment Fee</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">23</font></td>
    </tr>
    <tr>
      <td width="665" colspan="3" align="center">&nbsp;
        <p><b><font size="2" face="Times New Roman">ARTICLE II</font></b></p>
        <p><u><font size="2" face="Times New Roman">The Term Loan</font></u></p>
        <p>&nbsp;</td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">3.1.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Ratification of
        Existing Security Instruments</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">25</font></td>
    </tr>
    <tr>
      <td width="80">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">3.2.</font></td>
      <td width="539">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Assignment of
        Mortgage; Intercompany Security Documents Assignment</font></td>
      <td width="46">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">25</font></td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">3.3.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Guaranty</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">25</font></td>
    </tr>
    <tr>
      <td width="80">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">3.4.</font></td>
      <td width="539">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Stock Pledge</font></td>
      <td width="46">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">25</font></td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">3.5.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Security Interests</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">25</font></td>
    </tr>
    <tr>
      <td width="80">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">3.6.</font></td>
      <td width="539">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Further Assurances</font></td>
      <td width="46">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">25</font></td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">3.7.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Intercreditor
        Matters</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">25</font></td>
    </tr>
    <tr>
      <td width="665" colspan="3" align="center">&nbsp;
        <p><b><font size="2" face="Times New Roman">ARTICLE IV</font></b></p>
        <p><u><font size="2" face="Times New Roman">Change in Circumstances</font></u></p>
        <p>&nbsp;</td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">4.1.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Increased Cost and
        Reduced Return</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">25</font></td>
    </tr>
    <tr>
      <td width="80">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">4.2.</font></td>
      <td width="539">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Taxes</font></td>
      <td width="46">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">26</font></td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">4.3.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Lending Office</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">27</font></td>
    </tr>
    <tr>
      <td width="665" colspan="3" align="center"><b><font size="2" face="Times New Roman">ARTICLE
        V</font></b>
        <p><u><font size="2" face="Times New Roman">Conditions to Making Loans
        and Issuing Letters of Credit</font></u></p>
        <p>&nbsp;</td>
    </tr>
    <tr>
      <td width="80" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">5.1.</font></td>
      <td width="539" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Conditions of
        Making Loan</font></td>
      <td width="46" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">28</font></td>
    </tr>
  </table>
  </center>
</div>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">i</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<div align="center">
  <center>
  <table border="0" width="685" cellpadding="0">
    <tr>
      <td width="665" colspan="3"><font SIZE="2"><b>
        <p ALIGN="CENTER"><font face="Times New Roman">ARTICLE VI</font></p>
        </b><u>
        <p ALIGN="CENTER"><font face="Times New Roman">Representations and
        Warranties</font></p>
        </u></font>
        <p align="center">&nbsp;</td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.1.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Organization and
        Authority</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">31</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.2.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Loan Documents</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">31</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.3.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Solvency</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">31</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.4.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Subsidiaries and
        Stockholders</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">32</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.5.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Ownership
        Interests</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">32</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.6.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Financial
        Condition</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">32</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.7.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Title to
        Properties</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">32</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.8.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Taxes</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">32</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.9.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Other Agreements</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">32</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.10.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Litigation</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">33</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.11.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Margin Stock</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">33</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.12.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Investment Company</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">33</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.13.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Patents, Etc.</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">33</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.14.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">No Untrue
        Statement</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">33</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.15.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">No Consents, Etc.</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">34</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.16.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Employee Benefit
        Plans</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">34</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.17.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">No Default</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">35</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.18.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Environmental
        Matters</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">35</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.19.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Employment Matters</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">35</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">6.20.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Perfected Security
        Instruments</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">35</font></td>
    </tr>
    <tr>
      <td colspan="3" width="677">
        <p ALIGN="CENTER">&nbsp;</p>
        <p ALIGN="CENTER"><b><font face="Times New Roman" SIZE="2">ARTICLE VII</font></b></p>
        <p ALIGN="CENTER"><font SIZE="2"><u><font face="Times New Roman">Affirmative
        Covenants</font></u></font></p>
        <p ALIGN="CENTER">&nbsp;</td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.1.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Financial Reports,
        Etc.</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">37</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.2.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Maintain
        Properties</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">38</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.3.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Existence,
        Qualification, Etc.</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">38</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.4.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Regulations and
        Taxes</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">38</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.5.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Insurance</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">38</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.6.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">True Books</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">38</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.7.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Right of
        Inspection</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">38</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.8.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Observe all Laws</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">39</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.9.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Governmental
        Licenses</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">39</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.10.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Covenants
        Extending to Other Persons</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">39</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.11.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Officer&#146;s
        Knowledge of Default</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">39</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.12.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Suits or Other
        Proceedings</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">39</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.13.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Notice of
        Environmental Complaint or Condition</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">39</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.14.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Environmental
        Compliance</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">39</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.15.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Indemnification</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">39</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.16.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Further Assurances</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">40</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.17.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Employee Benefit
        Plans</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">40</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.18.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Continued
        Operations</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">41</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.19.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Additional Support
        Documents</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">41</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.20.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Subsidiary Support
        of Permitted Indebtedness</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">42</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.21.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Opinions of
        Foreign Counsel</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">42</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.22.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Additional
        Collateral Documents; Audit</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">42</font></td>
    </tr>
    <tr>
      <td width="77" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.23.</font></td>
      <td width="541" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Senior Facility
        Notices</font></td>
      <td width="47" bgcolor="#9BE4FD">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">44</font></td>
    </tr>
    <tr>
      <td width="77">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">7.24.</font></td>
      <td width="541">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Existing Facility
        Interest Payment</font></td>
      <td width="47">
        <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">44</font></td>
    </tr>
  </table>
  </center>
</div>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">ii</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<div align="center">
  <center>
<table border="0" width="685" cellpadding>
  <tr>
    <td colspan="3" width="677">
      <p ALIGN="center"><font SIZE="2"><b><font face="Times New Roman">ARTICLE
      VIII</font></b></font></p>
      <p ALIGN="CENTER"><font SIZE="2"><u><font face="Times New Roman">Negative
      Covenants</font></u></font></p>
      <p ALIGN="CENTER">&nbsp;</td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.1.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Financial Covenants</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">45</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.2.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Acquisitions</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">45</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.3.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Liens</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">45</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.4.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Indebtedness</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">46</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.5.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Transfer of Assets</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">47</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.6.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Investments</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">47</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.7.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Merger or
      Consolidation</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">48</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.8.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Restricted Payments</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">48</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.9.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Transactions with
      Affiliates</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">48</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.10.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Compliance with
      ERISA, the Code and Foreign Benefit Laws</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">48</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.11.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Accounting Changes</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">49</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.12.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Dissolution, etc.</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">49</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.13.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Limitations on Sales
      and Leasebacks</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">49</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.14.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Change in Control</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">49</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.15.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Limitation on
      Guaranties</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">49</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.16.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Negative Pledge
      Clauses</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">49</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.17.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Prepayments, Etc. of
      Indebtedness</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">49</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.18.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Restrictive
      Agreements</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">50</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">8.19</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Modification of
      Senior Facility</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">50</font></td>
  </tr>
  <tr>
    <td colspan="3" width="677">
      <p ALIGN="CENTER">&nbsp;</p>
      <p ALIGN="CENTER"><b><font face="Times New Roman" SIZE="2">ARTICLE IX</font></b></p>
      <p ALIGN="CENTER"><font SIZE="2"><u><font face="Times New Roman">Events of
      Default and Acceleration</font></u></font></p>
      <p ALIGN="CENTER">&nbsp;</td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">9.1.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Events of Default</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">51</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">9.2.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Agent to Act</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">53</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">9.3.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Cumulative Rights</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">53</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">9.4.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">No Waiver</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">53</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">9.5.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Allocation of
      Proceeds</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">53</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">9.6.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Judgment Currency</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">54</font></td>
  </tr>
  <tr>
    <td width="665" colspan="3">
      <p ALIGN="CENTER">&nbsp;</p>
      <p ALIGN="CENTER"><b><font face="Times New Roman" SIZE="2">ARTICLE X</font></b></p>
      <p ALIGN="CENTER"><font SIZE="2"><u><font face="Times New Roman">The Agent</font></u></font></p>
      <p ALIGN="CENTER">&nbsp;</td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">10.1.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Appointment, Powers,
      and Immunities</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">55</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">10.2.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Reliance by Agent</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">55</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">10.3.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Defaults</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">55</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">10.4.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Rights as Lender</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">56</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">10.5.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Indemnification</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">56</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">10.6.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Non-Reliance on
      Agent and Other Lenders</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">56</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">10.7.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Resignation of Agent</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">56</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">10.8.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Fees</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">56</font></td>
  </tr>
  <tr>
    <td width="665" colspan="3">
      <p ALIGN="CENTER">&nbsp;</p>
      <p ALIGN="CENTER"><b><font face="Times New Roman" SIZE="2">ARTICLE XI</font></b></p>
      <p ALIGN="CENTER"><font SIZE="2"><u><font face="Times New Roman">Miscellaneous</font></u></font></p>
      <p ALIGN="CENTER">&nbsp;</td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.1.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Assignments and
      Participations</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">57</font></td>
  </tr>
  <tr>
    <td width="74">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.2.</font></td>
    <td width="540">
      <p ALIGN="LEFT"><font SIZE="2" face="Times New Roman">Notices</font></td>
    <td width="51">
      <p ALIGN="LEFT"><font SIZE="2" face="Times New Roman">58</font></td>
  </tr>
  <tr>
    <td width="74" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.3.</font></td>
    <td width="540" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Right of Set-off;
      Adjustments</font></td>
    <td width="51" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">59</font></td>
  </tr>
</table>
  </center>
</div>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">iii</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<div align="center">
  <center>
<table border="0" width="685" cellpadding="0">
  <tr>
    <td width="72" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.4.</font></td>
    <td width="541" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Survival</font></td>
    <td width="52" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">59</font></td>
  </tr>
  <tr>
    <td width="72">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.5.</font></td>
    <td width="541">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Expenses</font></td>
    <td width="52">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">59</font></td>
  </tr>
  <tr>
    <td width="72" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.6.</font></td>
    <td width="541" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Amendments and
      Waivers</font></td>
    <td width="52" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">60</font></td>
  </tr>
  <tr>
    <td width="72">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.6A.</font></td>
    <td width="541">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Release of Liens</font></td>
    <td width="52">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">60</font></td>
  </tr>
  <tr>
    <td width="72" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.7.</font></td>
    <td width="541" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Counterparts</font></td>
    <td width="52" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">60</font></td>
  </tr>
  <tr>
    <td width="72">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.8.</font></td>
    <td width="541">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Termination</font></td>
    <td width="52">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">60</font></td>
  </tr>
  <tr>
    <td width="72" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.9.</font></td>
    <td width="541" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Indemnification</font></td>
    <td width="52" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">61</font></td>
  </tr>
  <tr>
    <td width="72">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.10.</font></td>
    <td width="541">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Severability</font></td>
    <td width="52">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">61</font></td>
  </tr>
  <tr>
    <td width="72" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.11.</font></td>
    <td width="541" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Entire Agreement</font></td>
    <td width="52" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">61</font></td>
  </tr>
  <tr>
    <td width="72">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.12.</font></td>
    <td width="541">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Agreement Controls</font></td>
    <td width="52">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">61</font></td>
  </tr>
  <tr>
    <td width="72" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.13.</font></td>
    <td width="541" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Usury Savings Clause</font></td>
    <td width="52" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">61</font></td>
  </tr>
  <tr>
    <td width="72">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.14.</font></td>
    <td width="541">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Governing Law;
      Waiver of Jury Trial</font></td>
    <td width="52">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">62</font></td>
  </tr>
  <tr>
    <td width="72" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.15.</font></td>
    <td width="541" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Payments</font></td>
    <td width="52" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">62</font></td>
  </tr>
  <tr>
    <td width="72">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.16.</font></td>
    <td width="541">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Subordination</font></td>
    <td width="52">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">62</font></td>
  </tr>
  <tr>
    <td width="72" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">11.17.</font></td>
    <td width="541" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Joint and Several
      Obligations</font></td>
    <td width="52" bgcolor="#9BE4FD">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">63</font></td>
  </tr>
</table>
  </center>
</div>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685" cellpadding="0">
  <tr>
    <td width="182">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">EXHIBIT A</font></td>
    <td width="427">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Applicable
      Commitment Percentages</font></td>
    <td width="56">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">A-1</font></td>
  </tr>
  <tr>
    <td width="182">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">EXHIBIT B</font></td>
    <td width="427">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Form of Assignment
      and Acceptance</font></td>
    <td width="56">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">B-1</font></td>
  </tr>
  <tr>
    <td width="182">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">EXHIBIT C</font></td>
    <td width="427">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Notice of
      Appointment (or Revocation) of Authorized Representative</font></td>
    <td width="56">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">C-1</font></td>
  </tr>
  <tr>
    <td width="182">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">EXHIBIT D</font></td>
    <td width="427">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Form of Note</font></td>
    <td width="56">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">D-1</font></td>
  </tr>
  <tr>
    <td width="182">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">EXHIBIT E</font></td>
    <td width="427">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Form of Opinion of
      Borrowers&#146; and Guarantors&#146; Counsel</font></td>
    <td width="56">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">E-1</font></td>
  </tr>
  <tr>
    <td width="182">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">EXHIBIT F</font></td>
    <td width="427">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Compliance
      Certificate</font></td>
    <td width="56">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">F-1</font></td>
  </tr>
  <tr>
    <td width="182">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">EXHIBIT G</font></td>
    <td width="427">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Form of Warrant
      Agreement</font></td>
    <td width="56">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">G-1</font></td>
  </tr>
</table>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">iv</font></p>

<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<table border="0" width="685" cellpadding="0">
  <tr>
    <td width="132">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">SCHEDULE 6.4</font></td>
    <td width="539">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Subsidiaries</font></td>
  </tr>
  <tr>
    <td width="132">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">SCHEDULE 6.6</font></td>
    <td width="539">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Existing
      Indebtedness</font></td>
  </tr>
  <tr>
    <td width="132">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">SCHEDULE 6.7</font></td>
    <td width="539">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Title to Properties</font></td>
  </tr>
  <tr>
    <td width="132">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">SCHEDULE 6.10</font></td>
    <td width="539">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Litigation</font></td>
  </tr>
  <tr>
    <td width="132">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">SCHEDULE 6.19</font></td>
    <td width="539">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Employment Matters</font></td>
  </tr>
  <tr>
    <td width="132">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">SCHEDULE 7.5</font></td>
    <td width="539">
      <p ALIGN="LEFT"><font face="Times New Roman" SIZE="2">Insurance</font></td>
  </tr>
</table>
<p ALIGN="LEFT">&nbsp;</p>

<p ALIGN="center"><font face="Times New Roman">v</font></p>

<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">AMENDED AND RESTATED CREDIT
AGREEMENT</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">THIS
AMENDED AND RESTATED CREDIT AGREEMENT,
dated as of July 24, 2001 (the &quot;Agreement&quot;), is made by and among MILLER
INDUSTRIES, INC., a Tennessee corporation having its principal place of
business in Ooltewah, Tennessee (&quot;Miller&quot;), and MILLER INDUSTRIES
TOWING EQUIPMENT INC., a Delaware corporation and wholly owned subsidiary of
Miller having its principal place of business in Ooltewah, Tennessee
(&quot;Miller Towing&quot;) (&quot;Miller and Miller Towing may be referred to
individually herein as a &quot;Borrower&quot; and collectively as the
Borrowers&quot;), BANK OF AMERICA, N.A, a national banking association
organized and existing under the laws of the United States, in its capacity as a
Lender (&quot;Bank of America&quot;), and each other financial institution
executing and delivering a signature page hereto and each other financial
institution which may hereafter execute and deliver an instrument of assignment
with respect to this Agreement pursuant to <u>Section 11.1</u> (hereinafter such
financial institutions may be referred to individually as a &quot;Lender&quot;
or collectively as the &quot;Lenders&quot;), and BANK OF AMERICA, N.A., a
national banking association organized and existing under the laws of the United
States, in its capacity as agent for the Lenders (in such capacity, and together
with any successor agent appointed in accordance with the terms of <u>Section
10.7</u>, the &quot;Agent&quot;);</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">W I T N E S S E T H</font></u><font face="Times New Roman">:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">WHEREAS,
the Borrowers, the Agent and the Lenders are party to that certain Credit
Agreement dated as of January 30, 1998, as amended by Amendment No. 1 to Credit
Agreement dated as of January 31, 1998 and by Amendment No. 2 to Credit
Agreement dated as of October 30, 1998 and by Amendment No. 3 to Credit
Agreement dated as of July 27, 1999 and by Amendment No. 4 to Credit Agreement
dated as of August 13, 1999 and by Amendment No. 5 to Credit Agreement dated as
of July 26, 2000 and by Amendment No. 6 to Credit Agreement dated as of December
14, 2000 (as hereby and from time to time amended, restated, supplemented,
modified or replaced, the &quot;Existing Credit Agreement&quot;), pursuant to
which the Lenders agreed to make and have made available to the Borrowers a
credit facility including a revolving credit and term loan facility with a
letter of credit sublimit and a swing line sublimit (the &quot;Existing
Facility&quot;); and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">WHEREAS,
the Borrowers are entering into a Credit Agreement of even date herewith (the
&quot;Senior Credit Agreement&quot;) with the Senior Agents and the Senior
Lenders (as hereafter defined) simultaneously with the effectiveness hereof,
pursuant to which the Senior Lenders are providing a senior revolving credit
facility and term loan facility in the aggregate maximum principal amount of
$110,000,000 (the &quot;Senior Facility&quot;), the initial proceeds of which
shall be used to repay $82,180,570.84 of outstanding Indebtedness of the
Borrowers in favor of the Agent and the Lenders under the Existing Facility; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">WHEREAS,
the Borrowers have requested that the Lenders amend and restate the Existing
Credit Agreement and make available to the Borrowers a junior term loan facility
in the maximum principal amount outstanding of $14,000,000, the proceeds of
which term loan facility are to be used as provided in <u>Section 2.8</u>
hereof; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">WHEREAS,
the Lenders are willing to amend and restate the Existing Credit Agreement and
make such junior facility available to the Borrowers upon the terms and
conditions set forth herein; and</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman">WHEREAS,
the Borrowers acknowledge that this Agreement constitutes an amendment and
restatement (and not a novation) of the Existing Credit Agreement and the
Obligations hereunder shall continue to be secured by the Collateral currently
securing Obligations of the Borrowers under (and as defined in) the Existing
Credit Agreement pursuant to the Security Instruments and such additional
Collateral as may be granted by the Borrowers to the Agent and the Lenders; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">NOW,
THEREFORE, the Borrowers, the Lenders
and the Agent hereby agree as follows:</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">2</p>
<hr color="#000080">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE I</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">Definitions and Terms</font></p>
</u>
<p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Definitions</u>.
For the purposes of this Agreement, in addition to the definitions set forth
above, the following terms shall have the respective meanings set forth below:</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Accounts&quot;
    means, as to Miller or any Subsidiary, all of entity&#146;s now owned or
    hereafter acquired or arising accounts, as defined in the Uniform Commercial
    Code, including any rights to payment for the sale or lease of goods or
    rendition of services, whether or not they have been earned by performance.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Account
    Debtor&quot; means each Person obligated in any way on or in connection with
    an Account.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Acquisition&quot;
    means the acquisition of (i) a controlling interest in another Person
    (including the purchase of an option, warrant or convertible or similar type
    security to acquire such a controlling interest at the time it becomes
    exercisable by the holder thereof), whether by purchase of such equity
    interest or upon exercise of an option or warrant for, or conversion of
    securities into, such equity interest, or (ii) assets of another Person
    which constitute all or substantially all of the assets of such Person or of
    a line or lines of business conducted by such Person. The term
    &quot;controlling interest&quot; means the possession, directly or
    indirectly, of the power to direct or cause the direction of the management
    and policies of a Person, whether through ownership of Voting Stock, by
    contract or otherwise.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Adjusted
    Net Earnings from Operations&quot; means, with respect to any fiscal period
    of Miller and its Subsidiaries on a consolidated basis, Miller&#146;s and its
    Subsidiaries&#146; net income after provision for income taxes for such fiscal
    period, as determined in accordance with GAAP and reported on the financial
    statements delivered to the Agent for such period, excluding any and all of
    the following included in such net income: (a) gain or loss arising from the
    sale of any capital assets (<u>provided</u>, that, up to $891,000 in the
    aggregate of gain from capital asset sales that occurred during the Fiscal
    Year ended April 30, 2001 shall be included in net income for the fiscal
    periods ending on April 30, 2001, July 31, 2001, October 31, 2001 and
    January 31, 2002 to the extent such asset sales occurred during such fiscal
    periods); (b) gain arising from any write-up in the book value of any asset;
    (c) earnings of any Person, substantially all the assets of which have been
    acquired by Miller or any of its Subsidiaries in any manner, to the extent
    realized by such other Person prior to the date of acquisition; (d) earnings
    of any Person (other than Miller or any of its Subsidiaries) in which Miller
    or any of its Subsidiaries has an ownership interest unless (and only to the
    extent) such earnings shall actually have been received by Miller or such
    Subsidiary in the form of cash distributions; (e) earnings of any Person to
    which assets of Miller or any of its Subsidiaries shall have been sold,
    transferred or disposed of, or into which Miller or any of its Subsidiaries
    shall have been merged, or which has been a party with Miller or any of its
    Subsidiaries to any consolidation or other form of reorganization, prior to
    the date of such transaction; (f) gain arising from the acquisition of debt
    or equity securities by Miller or any of its Subsidiaries or from
    cancellation or forgiveness of Indebtedness; and (g) gain and non-cash
    losses arising from extraordinary items, as determined in accordance with
    GAAP, or from any other non-recurring transaction.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Affiliate&quot;
    means any Person (i) which directly or indirectly through one or more
    intermediaries controls, or is controlled by, or is under common control
    with Miller; or (ii) which beneficially owns or holds 5% or more of any
    class of the outstanding Voting Stock of Miller or (iii) 5% or more of any
    class of the outstanding Voting Stock (or in the case of a Person which is
    not a corporation, 5% or more of the equity interest) of which is
    beneficially owned or held by Miller. The term &quot;control&quot; means the
    possession, directly or indirectly, of the power to direct or cause the
    direction of the management and policies of a Person, whether through
    ownership of Voting Stock, by contract or otherwise.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Applicable
    Commitment Percentage&quot; means, for each Lender at any time, a fraction,
    the numerator of which shall be such Lender&#146;s Commitment and the denominator
    shall be the Total Commitment, which Applicable Commitment Percentage for
    each Lender as of the Closing Date is as set forth in <u>Exhibit A</u>; <u>provided</u>
    that the Applicable Commitment Percentage of each Lender shall be increased
    or decreased to reflect any assignments to or by such Lender effected in
    accordance with <u>Section 11.1</u>.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">3</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Applicable
    Margin&quot; means 6.00% per annum.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Approved
    Fund&quot; means, with respect to any Lender that is a fund that invests in
    commercial loans, any other fund that invests in commercial loans and is
    managed by the same investment advisor as such Lender or by an affiliate of
    such investment advisor.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Asset
    Disposition&quot; means any voluntary disposition, whether by sale, lease or
    transfer, of (a) any or all of the assets of Miller or its Subsidiaries,
    excluding cash, cash equivalents, inventory disposed of in the ordinary
    course of business, and equipment disposed of in the ordinary course of
    business which is obsolete or no longer useable by Miller or its
    Subsidiaries in their business and with respect to which the proceeds of the
    sale of such assets are used to purchase similar equipment to replace the
    unnecessary or obsolete equipment (provided such equipment is replaced with
    replacement equipment within ninety (90) days after any such sale or
    disposition), and (b) any of the capital stock, or securities and
    investments interchangeable, exercisable or convertible for or into, or
    otherwise entitling the holder to receive, any of the capital stock of any
    Subsidiary (other than a disposition to Miller or a Guarantor in the case of
    (a) and (b)).</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Assigned
    Interest&quot; has the meaning ascribed to such term in the Collateral
    Assignment of Interests.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Assignment
    and Acceptance&quot; shall mean an Assignment and Acceptance in the form of <u>Exhibit
    B</u> (with blanks appropriately filled in) executed and delivered to the
    Agent by the parties thereto in connection with an assignment of a Lender&#146;s
    interest under this Agreement pursuant to <u>Section 11.1</u>.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Assignment
    of Leases&quot; means, collectively, any Assignment of Lessee&#146;s Interest in
    Leases by the Borrowers and the Guarantors to the Agent for the benefit of
    the Lenders delivered pursuant to the terms of the Existing Credit Agreement
    or this Agreement, as hereinafter modified, amended or supplemented from
    time to time.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Assignment
    of Mortgage&quot; means that certain Assignment of Deed of Trust by Miller
    to the Agent for the benefit of the Lenders dated as of the Closing Date,
    acknowledged and consented to by Thomas I. Starling, as trustee
    (&quot;Trustee&quot;), covering that certain Deed of Trust and Security
    Agreement dated as of March 31, 1999 by and among Fabri-Tech, L.L.C.,
    Miller, and Trustee, encumbering certain real property described therein
    located in Olive Branch, De Soto County, Mississippi, as hereinafter
    modified, amended or supplemented from time to time.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Authorized
    Representative&quot; means any of the Chief Executive Officer, President,
    any Executive or Senior Vice President of Miller or, with respect to
    financial matters, the chief financial officer or Treasurer of Miller, or
    any other Person expressly designated by the Board of Directors of Miller
    (or the appropriate committee thereof) as an Authorized Representative of
    Miller, as set forth from time to time in a certificate in the form of <u>Exhibit
    C</u>.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Bank
    of America&quot; means Bank of America, N.A., a national banking
    association.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Base
    Rate&quot; means the sum of (i) for any day, the rate per annum equal to the
    higher of (a) the Federal Funds Rate for such day plus one-half of one
    percent (0.5%) or (b) the Prime Rate for such day and (ii) the Applicable
    Margin. Any change in the Base Rate due to a change in the Prime Rate or the
    Federal Funds Rate shall be effective on the effective date of such change
    in the Prime Rate or Federal Funds Rate.</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Board&quot;
    means the Board of Governors of the Federal Reserve System (or any successor
    body).</font></p>
    <p ALIGN="justify" style="text-indent: 60"><font face="Times New Roman">&quot;Borrowers&#146;
    Account&quot; means a demand deposit account with the Agent, which may be
    maintained at one or more offices of the Agent or an agent of the Agent.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">4</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Borrowing Base
    Asset&quot; means any asset of either of the Borrowers or any Subsidiary
    which is included in the Senior Borrowing Base (or against the value of
    which the Senior Lenders advanced the term loan portion of the Senior
    Facility) and has a Senior Collateral Value.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Business Day&quot;
    means any day which is not a Saturday, Sunday or a day on which banks in the
    States of New York, North Carolina and Tennessee are authorized or obligated
    by law, executive order or governmental decree to be closed.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Capital
    Expenditures&quot; means, with respect to Miller and its Subsidiaries, all
    payments due (whether or not paid during any fiscal period) in respect of
    the cost of any fixed asset or improvement, or replacement, substitution, or
    addition thereto, which has a useful life of more than one year, including,
    without limitation, those costs arising in connection with the direct or
    indirect acquisition of such asset by way of increased product or service
    charges or in connection with a Capital Lease.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Capital Lease&quot;
    means any lease of property by a Borrower or any Subsidiary which, in
    accordance with GAAP, should be reflected as a capital lease on the balance
    sheet of such Borrower or Subsidiary.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Certificate and
    Receipt of Registrar&quot; means any Certificate and Receipt of Registrar
    delivered to the Agent pursuant to <u>Section 7.19</u>, in each case
    substantially in the form provided by the Agent and attached to the
    Collateral Assignment of Interests, as any such Certificate and Receipt of
    Registrar may be hereafter amended, supplemented or restated from time to
    time.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Certificate of Title
    Property&quot; means all property which is a motor vehicle or other good,
    whether such property is now owned or hereafter acquired, for which
    ownership is (i) covered by a certificate of title or other comparable
    instrument issued under a statute of a state under the law of which
    indication of a security interest on such certificate or instrument is
    required as a condition of perfection, and (ii) not subject to a purchase
    money Lien in favor of another creditor which is permitted by <u>Section 8.3</u>
    hereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Change of
    Control&quot; means, at any time:</font></p>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i) any
        &quot;person&quot; or &quot;group&quot; (each as used in Sections
        13(d)(3) and 14(d)(2) of the Exchange Act), other than William G. Miller
        (or his spouse, lineal descendants or trusts for their benefit), either
        (A) becomes the &quot;beneficial owner&quot; (as defined in Rule 13d-3
        of the Exchange Act ), directly or indirectly, of Voting Stock of the
        Borrower (or securities convertible into or exchangeable for such Voting
        Stock) representing 25% or more of the combined voting power of all
        Voting Stock of Miller (on a fully diluted basis) or (B) otherwise has
        the ability, directly or indirectly, to elect a majority of the board of
        directors of Miller;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ii) during any period
        of up to 12 consecutive months, commencing on the Closing Date,
        individuals who at the beginning of such 12-month period were directors
        of Miller shall cease for any reason (other than the death, disability
        or retirement of an officer of Miller that is serving as a director at
        such time so long as another officer of Miller replaces such Person as a
        director) to constitute a majority of the board of directors of Miller;
        or</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iii) any Person or two
        or more Persons (other than those Persons identified in clause (i) above
        or existing directors) acting in concert shall have acquired, by
        contract or otherwise, or shall have entered into a contract or
        arrangement and satisfied any conditions to effectiveness, that, upon
        consummation thereof, will result in its or their acquisition of the
        power to exercise, directly or indirectly, a controlling influence on
        the management or policies of Miller.</font></p>
      </blockquote>
    </blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Closing Date&quot;
    means the date as of which this Agreement is executed by the Borrowers, the
    Lenders and the Agent and on which the conditions set forth in <u>Section
    5.1</u> have been satisfied.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="center"><font face="Times New Roman">5</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Code&quot; means the
    Internal Revenue Code of 1986, as amended, and any regulations promulgated
    thereunder.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Collateral&quot; means
    the collateral described in the Security Instruments. Notwithstanding
    anything herein or in any other Loan Document to the contrary, the Liens of
    the Agent and the Lenders in the Collateral shall not secure any Obligations
    arising from or under the Warrant Agreement or the Warrants.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Collateral Assignment
    of Interests&quot; means any Collateral Assignment of Interests delivered to
    the Agent pursuant to <u>Section 7.19</u>, in form and substance
    satisfactory to the Agent and the Lenders, as any such Collateral Assignment
    of Interests may be hereafter amended, supplemented or restated from time to
    time.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Commitment&quot;
    means, with respect to each Lender, the obligation of such Lender to make
    the Loan to the Borrower in a principal amount equal to such Lender&#146;s
    Applicable Commitment Percentage of the Total Commitment as set forth on <u>Exhibit
    A</u>.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Commitment Fee
    Rate&quot; means on each date shown below that percent per annum set forth
    below for such date:</font></p>
  </blockquote>
</blockquote>
<p ALIGN="RIGHT">&nbsp;
<div align="center">
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="5" WIDTH="560">
  <tr>
    <td WIDTH="24%" VALIGN="BOTTOM"><u><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">First
      Business Day that occurs</font></font></u></td>
    <td WIDTH="26%" VALIGN="BOTTOM"><u><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">First
      Business Day that occurs</font></font></u></td>
    <td WIDTH="24%" VALIGN="BOTTOM"><u><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">First
      Business Day that occurs</font></font></u></td>
    <td WIDTH="26%" VALIGN="BOTTOM"><u><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">First
      Business Day that occurs</font></font></u></td>
  </tr>
  <tr>
    <td WIDTH="24%" VALIGN="BOTTOM"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Six (6) months<br>
      <u>from Closing Date</u></font></font></td>
    <td WIDTH="26%" VALIGN="BOTTOM"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Twelve (12) months<br>
      <u>from Closing Date</u></font></font></td>
    <td WIDTH="24%" VALIGN="BOTTOM"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Eighteen (18) months<br>
      <u>from Closing Date</u></font></font></td>
    <td WIDTH="26%" VALIGN="BOTTOM"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Twenty-four (24) months<br>
      <u>from Closing Date</u></font></font></td>
  </tr>
  <tr>
    <td WIDTH="24%" VALIGN="BOTTOM"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1.00%</font></font></td>
    <td WIDTH="26%" VALIGN="BOTTOM"><font SIZE="2">
      <p ALIGN="LEFT"><font face="Times New Roman">2.00%</font></font></td>
    <td WIDTH="24%" VALIGN="BOTTOM"><font SIZE="2">
      <p ALIGN="LEFT"><font face="Times New Roman">4.00%</font></font></td>
    <td WIDTH="26%" VALIGN="BOTTOM"><font SIZE="2">
      <p ALIGN="LEFT"><font face="Times New Roman">6.00%</font></font></td>
  </tr>
</table>
  </center>
</div>
<p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Consistent Basis&quot;
    in reference to the application of GAAP means the accounting principles
    observed in the period referred to are comparable in all material respects
    to those applied in the preparation of the audited financial statements of
    Miller referred to in <u>Section 6.6(a)</u>.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Consolidated EBITDA&quot;
    means, with respect to any fiscal period of Miller and its Subsidiaries on a
    consolidated basis, Adjusted Net Earnings from Operations, <u>plus</u>, to
    the extent deducted in the determination of Adjusted Net Earnings from
    Operations for that fiscal period, Consolidated Interest Expense, Federal,
    state, local and foreign income taxes, depreciation and amortization. In
    calculating Consolidated EBITDA, at a time when the Subsequent EBITDA
    Requirement is applicable under <u>Section 8.1(c)</u>, for any fiscal
    period, EBITDA will be calculated as if the Asset Disposition of the assets
    and/or stock of the RoadOne Borrowers giving rise to the occurrence of the
    Transition Date had occurred prior to such fiscal period.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Consolidated Fixed
    Charge Coverage Ratio&quot; means, with respect to any fiscal period of
    Miller and its Subsidiaries on a consolidated basis, the ratio of
    Consolidated EBITDA to Consolidated Fixed Charges.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Consolidated Fixed
    Charges&quot; means, with respect to any fiscal period of the Miller and its
    Subsidiaries on a consolidated basis, without duplication, Consolidated
    Interest Expense, Capital Expenditures (excluding Capital Expenditures
    funded with Indebtedness of any of the Borrowers and Subsidiaries other than
    the Indebtedness hereunder or under the Senior Facility, but including,
    without duplication, principal payments with respect to such Indebtedness),
    scheduled principal payments of Indebtedness, and Federal, state, local and
    foreign income taxes, excluding deferred taxes; <u>provided</u>, in the case
    of principal payments hereunder, only principal amounts actually paid to the
    Agent and the Lenders in accordance with <u>Section 2.1</u> hereof shall be
    included as &quot;scheduled principal payments of Indebtedness&quot; in
    calculating the amount of Consolidated Fixed Charges for any fiscal period.</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">6</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Consolidated Interest
    Expense&quot; means, with respect to any fiscal period of the Miller and its
    Subsidiaries on a consolidated basis, interest on Indebtedness required or
    scheduled to be paid during the period for which computation is being made
    (including the interest component of all Capital Leases and synthetic
    leases), excluding the amortization of fees and costs incurred with respect
    to the closing of loans.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Consolidated Total
    Assets&quot; means, as of the date on which the amount thereof is to be
    determined, the net book value of all assets of Miller and its Subsidiaries
    as determined on a consolidated basis in accordance with GAAP applied on a
    Consistent Basis.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Contingent
    Obligation&quot; means, with respect to any Person, all obligations of such
    Person which in any manner directly or indirectly guarantee or assure, or in
    effect guarantee or assure, the payment or performance of any indebtedness,
    dividend or other obligations of any other Person (the &quot;guaranteed
    obligations&quot;), or assure or in effect assure the holder of the
    guaranteed obligations against loss in respect thereof, including any such
    obligations incurred through an agreement, contingent or otherwise: (a) to
    purchase the guaranteed obligations or any property constituting security
    therefor; (b) to advance or supply funds for the purchase or payment of the
    guaranteed obligations or to maintain a working capital or other balance
    sheet condition; or (c) to lease property or to purchase any debt or equity
    securities or other property or services.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Debt Offering&quot;
    means Indebtedness of Miller or any Subsidiary not otherwise permitted under
    <u>Section 8.4(a)</u> through <u>8.4(f)</u> which is incurred with the
    consent of the Required Lenders.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Default&quot; means
    any event or condition which, with the giving or receipt of notice or lapse
    of time or both, would constitute an Event of Default hereunder.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Default Rate&quot;
    means the lesser of (i) a rate of interest per annum which shall be four
    percent (4%) above the Base Rate, and (ii) the maximum rate permitted by
    applicable law.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Determination
    Date&quot; means the last day of each fiscal quarterly period of Miller.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Direct Foreign
    Subsidiary&quot; means any Foreign Subsidiary a majority of whose
    outstanding voting stock is owned directly by Miller or a Domestic
    Subsidiary.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Dollars&quot; and the
    symbol &quot;$&quot; means dollars constituting legal tender for the payment
    of public and private debts in the United States of America.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Domestic
    Subsidiary&quot; means any Subsidiary of Miller organized under the laws of
    the United States of America or a state or territory thereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Eligible
    Assignee&quot; means (i) a Lender; (ii) an affiliate or Approved Fund of a
    Lender; and (iii) any other Person approved by the Agent and, unless an
    Event of Default has occurred and is continuing at the time any assignment
    is effected in accordance with <u>Section 11.1</u>, Miller, <u>provided</u>
    that such approval shall not be unreasonably withheld or delayed by Miller
    and such approval shall be deemed given by Miller within five (5) Business
    Days after notice of such proposed assignment has been provided by the
    assigning Lender to Miller; <u>provided</u> <u>further</u>, <u>however</u>,
    that neither Miller nor an affiliate of Miller shall qualify as an Eligible
    Assignee.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Eligible
    Securities&quot; means the following obligations and any other obligations
    previously approved in writing by the Agent:</font></p>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Government
        Securities;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;demand or interest
        bearing time deposits issued by any Lender or certificates of deposit
        maturing within one year from the date of issuance thereof and issued by
        a bank or trust company organized under the laws of the United States or
        of any state thereof having capital</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">7</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">surplus and undivided profits
        aggregating at least $400,000,000 and being rated &quot;A-3&quot; or
        better by S&amp;P or &quot;A&quot; or better by Moody&#146;s;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repurchase
        Agreements;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal
        Obligations;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-Refunded
        Municipal Obligations;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;shares of mutual
        funds which invest in obligations described in paragraphs (a) through
        (e) above, the shares of which mutual funds are at all times rated
        &quot;AAA&quot; by S&amp;P;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;tax-exempt or
        taxable adjustable rate preferred stock issued by a Person having a
        rating of its long term unsecured debt of &quot;A&quot; or better by
        S&amp;P or &quot;A-1&quot; or better by Moody&#146;s; and</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;asset-backed
        remarketed certificates of participation representing a fractional
        undivided interest in the assets of a trust, which certificates are
        rated at least &quot;A-1&quot; by S&amp;P and &quot;P-1&quot; by Moody&#146;s.</font></p>
      </blockquote>
    </blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Employee Benefit
    Plan&quot; means (i) any employee benefit plan, including any Pension Plan,
    within the meaning of Section 3(3) of ERISA which (A) is maintained for
    employees of Miller, any of its ERISA Affiliates or any Subsidiary or is
    assumed by Miller, any of its ERISA Affiliates or any Subsidiary in
    connection with any Acquisition or (B) has at any time been maintained for
    the employees of Miller, any current or former ERISA Affiliate or any
    Subsidiary and (ii) any plan, arrangement, understanding or scheme
    maintained by Miller or any Subsidiary that provides retirement, deferred
    compensation, employee or retiree medical or life insurance, severance
    benefits or any other benefit covering any employee or former employee and
    which is administered under any Foreign Benefit Law or regulated by any
    Governmental Authority other than the United States of America.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Environmental
    Laws&quot; means any federal, state, local or foreign statute, law,
    ordinance, code, rule, regulation, order, decree, permit or license
    regulating, relating to, or imposing liability or standards of conduct
    concerning, any environmental matters or conditions, environmental
    protection or conservation, including without limitation, the Comprehensive
    Environmental Response, Compensation and Liability Act of 1980, as amended;
    the Superfund Amendments and Reauthorization Act of 1986, as amended; the
    Resource Conservation and Recovery Act, as amended; the Toxic Substances
    Control Act, as amended; the Clean Air Act, as amended; the Clean Water Act,
    as amended, together with all regulations promulgated under any of the
    foregoing.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Equity Offering&quot;
    means a public or private offering of equity securities (including, without
    limitation, any security or investment exchangeable, exercisable or
    convertible for or into, or otherwise entitling the holder to receive,
    equity securities) of Miller or any Subsidiary (other than securities issued
    to Miller or another Subsidiary).</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;ERISA&quot; means the
    Employee Retirement Income Security Act of 1974, as amended from time to
    time, and any successor statute and all rules and regulations promulgated
    thereunder.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;ERISA Affiliate&quot;,
    as applied to Miller, means any Person or trade or business which is a
    member of a group which is under common control with Miller, who together
    with Miller, is treated as a single employer within the meaning of Section
    414(b), (c), (m) or (o) of the Code.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Event of Default&quot;
    means any of the occurrences set forth as such in <u>Section 9.1</u>.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Excess
    Availability&quot; means &quot;Excess Availability&quot; as defined in the
    Senior Credit Agreement.</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">8</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Exchange Act&quot;
    means the Securities Exchange Act of 1934, as amended, and the regulations
    promulgated thereunder.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Existing Credit
    Agreement&quot; has the meaning ascribed thereto in the recitals hereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Existing
    Facility&quot; has the meaning ascribed thereto in the recitals hereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Facility Termination
    Date&quot; means such date as all of the following shall have occurred: (a)
    the Borrowers shall have permanently terminated the Term Loan Facility by
    payment in full of all Term Loan Outstandings, together with all accrued and
    unpaid interest thereon, and (b) the Borrowers shall have fully, finally and
    irrevocably paid and satisfied in full all Obligations (other than
    Obligations consisting of continuing indemnities and other contingent
    Obligations of the Borrowers or any Guarantor that may be owing to the
    Lenders pursuant to the Loan Documents and expressly survive termination of
    this Agreement).</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Federal Funds
    Rate&quot; means, for any day, the rate per annum (rounded upwards, if
    necessary, to the nearest 1/100 of 1%) equal to the weighted average of the
    rates on overnight Federal funds transactions with members of the Federal
    Reserve System arranged by Federal funds brokers on such day, as published
    by the Federal Reserve Bank of New York (Statistical Release H-15) on the
    Business Day next succeeding such day; <u>provided</u> that (a) if such day
    is not a Business Day, the Federal Funds Rate for such day shall be such
    rate on such transactions on the next preceding Business Day as so published
    on the next succeeding Business Day, and (b) if no such rate is so published
    on such next succeeding Business Day, the Federal Funds Rate for such day
    shall be the average rate charged to the Agent (in its individual capacity)
    on such day on such transactions as determined by the Agent.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Fiscal Year&quot;
    means the twelve month fiscal period of Miller commencing on the May 1 of
    each calendar year and ending on April 30 of the following calendar year;
    provided, that in the event Miller changes its Fiscal Year to a calendar
    fiscal year, &quot;Fiscal Year&quot; shall mean the twelve month fiscal
    period of Miller commencing on January 1 and ending on December 31 of each
    calendar year; and provided that in the event Miller changes its Fiscal Year
    to end on January 31 of each calendar year, &quot;Fiscal Year&quot; shall
    mean the twelve month fiscal period of Miller commencing on February 1 and
    ending on January 31 of each calendar year.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Fiscal Year End&quot;
    means the last day of a Fiscal Year and &quot;Fiscal Year End&quot; followed
    by a numerical year means the last day of such Fiscal Year.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Foreign Benefit
    Law&quot; means any applicable statute, law, ordinance, code, rule,
    regulation, order or decree of any nation other than the United States of
    America, or any province, state, territory, protectorate or other political
    subdivision of any such nation, regulating, relating to, or imposing
    liability or standards of conduct concerning, any Employee Benefit Plan.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Foreign
    Subsidiary&quot; means any Subsidiary of Miller that is not a Domestic
    Subsidiary.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Four-Quarter
    Period&quot; means a period of four full consecutive fiscal quarters of
    Miller and its Subsidiaries, taken together as one accounting period.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;GAAP&quot; or
    &quot;Generally Accepted Accounting Principles&quot; means generally
    accepted accounting principles, being those principles of accounting which
    are set forth in pronouncements of the Financial Accounting Standards Board
    or the American Institute of Certified Public Accountants or which have
    other substantial authoritative support and are applicable in the
    circumstances as of the date of a report.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Government
    Securities&quot; means direct obligations of, or obligations the timely
    payment of principal and interest on which are fully and unconditionally
    guaranteed by, the United States of America or any agency thereof.</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">9</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Governmental
    Authority&quot; shall mean any Federal, state, municipal, national or other
    governmental department, commission, board, bureau, court, agency or
    instrumentality or political subdivision thereof or any entity or officer
    exercising executive, legislative, judicial, regulatory or administrative
    functions of or pertaining to any government or any court, in each case
    whether associated with a state of the United States, the United States, or
    a foreign entity or government.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Guarantors&quot;
    means, at any date, the Domestic Subsidiaries other than Miller Towing.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Guarantors&#146;
    Obligations&quot; has the meaning ascribed to such term in the Guaranty.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Guaranty&quot; means,
    collectively or individually as the context may indicate, (i) each Guaranty
    Agreement between one or more of the Guarantors and the Agent delivered
    pursuant to the terms of the Existing Credit Agreement, and (ii) any
    additional Guaranty Agreements delivered to the Agent pursuant to <u>Section
    7.19</u>, substantially in the form of the existing Guaranty Agreements, as
    any such Guaranty Agreement may be hereafter amended, supplemented or
    restated from time to time.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Hazardous
    Material&quot; means and includes any pollutant, contaminant, or hazardous,
    toxic or dangerous waste, substance or material (including without
    limitation petroleum products, asbestos-containing materials and lead), the
    generation, handling, storage, transportation, disposal, treatment, release,
    discharge or emission of which is subject to any Environmental Law.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Indebtedness&quot;
    means with respect to any Person, without duplication, all liabilities,
    obligations and indebtedness of such Person to any Person, of any kind or
    nature, now or hereafter owing, arising, due or payable, howsoever
    evidenced, created, incurred, acquired or owing, whether primary, secondary,
    direct, contingent, fixed or otherwise, in each case to the extent such
    liabilities, obligations and indebtedness consist of (a) indebtedness for
    borrowed money or the deferred purchase price of property, excluding trade
    payables, (b) obligations and liabilities of any other Person secured by any
    Lien on such Person&#146;s property, even though such Person shall not have
    assumed or become liable for the payment thereof; <u>provided</u>, <u>however</u>,
    that all such obligations and liabilities which are limited in recourse to
    such property shall be included as Indebtedness of such Person only to the
    extent of the book value of such property as would be shown on a balance
    sheet of such Person prepared in accordance with GAAP; (d) the principal
    amount of all obligations or liabilities created or arising under any
    Capital Lease or conditional sale or other title retention agreement with
    respect to property used or acquired by such Person, even if the rights and
    remedies of the lessor, seller or lender thereunder are limited to
    repossession of such property; <u>provided</u>, <u>however</u>, that all
    such obligations and liabilities which are limited in recourse to such
    property shall be included as Indebtedness of such Person only to the extent
    of the book value of such property as would be shown on a balance sheet of
    such Person prepared in accordance with GAAP; (e)&nbsp;obligations and
    liabilities in respect of Contingent Obligations with respect to
    Indebtedness of another Person; and (f)&nbsp;the present value of lease
    payments due under synthetic leases.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Independent
    Distributors&quot; means any and all distributors of the Borrowers which do
    not constitute Subsidiaries of Miller.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Intellectual Property
    Security Agreement&quot; means the Intellectual Property Security Agreement
    dated as of July 27, 1999 by the Borrowers and the Guarantors to the Agent,
    and any additional Intellectual Property Security Agreements by the
    Borrowers and the Guarantors to the Agent delivered pursuant to <u>Section
    7.19</u> hereof, as hereafter modified, amended or supplemented from time to
    time.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Intercompany
    Accounts&quot; means Accounts of Miller Towing with respect to which a
    Foreign Subsidiary located in Canada is the Account Debtor.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Intercompany Security
    Documents&quot; means each security agreement, pledge agreement, financing
    statement and other agreement, document and instrument, in each case
    executed by a Foreign Subsidiary located in Canada in favor of Miller
    Towing, securing the repayment of any Intercompany Account, such documents
    to be (a) in form and substance acceptable to the Agents and (b)
    collaterally assigned to the Agent pursuant to the Intercompany Security
    Documents Assignment.</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">10</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Intercompany Security
    Documents Assignment&quot; means the Collateral Assignment of Security
    Documents executed by Miller Towing in favor of the Agent for the benefit of
    itself and the Lenders, in form and substance acceptable to the Agents.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Intercreditor
    Agreement&quot; means the Intercreditor and Subordination Agreement dated as
    of the date hereof by and between the Agent, for the benefit of itself and
    the Lenders, and the Senior Agents.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Lending Office&quot;
    means, for each Lender, the &quot;Lending Office&quot; of such Lender (or of
    an affiliate of such Lender) designated on the signature pages hereof or
    such other office of such Lender (or an affiliate of such Lender) as such
    Lender may from time to time specify to the Agent and Miller by written
    notice in accordance with the terms hereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Lien&quot; means any
    interest in property securing any obligation owed to, or a claim by, a
    Person other than the owner of the property, whether such interest is based
    on the common law, statute or contract, and including but not limited to the
    lien or security interest arising from a mortgage, encumbrance, pledge,
    security agreement, conditional sale or trust receipt or a lease,
    consignment or bailment for security purposes. For the purposes of this
    Agreement, Miller and any Subsidiary shall be deemed to be the owner of any
    property which it has acquired or holds subject to a conditional sale
    agreement, financing lease, or other arrangement pursuant to which title to
    the property has been retained by or vested in some other Person for
    security purposes.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Loan&quot; means the
    Term Loan.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Loan Documents&quot;
    means this Agreement, the Notes, the Guaranty, the Security Instruments, the
    Intercreditor Agreement, the VINtek Agreement, the Warrant Agreement, the
    Warrants, and all other instruments and documents heretofore or hereafter
    executed or delivered to or in favor of any Lender or the Agent in
    connection with the Loan made and transactions contemplated under this
    Agreement, as the same may be amended, supplemented or restated from time to
    time.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Loan Parties&quot;
    means the Borrowers, the Guarantors and any other Person (other than the
    Agent or the Lenders) party to any of the Loan Documents.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Location&quot; means,
    with respect to any operating place of business of Miller or any Subsidiary,
    the physical location thereof and all assets used in connection therewith.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Material Adverse
    Effect&quot; means a material adverse effect on (i) the business,
    properties, prospects, operations or condition, financial or otherwise, of
    Miller and its Subsidiaries, taken as a whole, (ii) the ability of the Loan
    Parties taken as a whole to pay or perform the obligations, liabilities and
    indebtedness under the Loan Documents as such payment or performance becomes
    due in accordance with the terms thereof, or (iii) the rights, powers and
    remedies of the Agent or any Lender under any Loan Document or the validity,
    legality or enforceability thereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Material
    Contract&quot; means any contract or agreement, written or oral, of Miller
    or any of its Subsidiaries the failure to comply with which could reasonably
    be expected to have a Material Adverse Effect.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Material Foreign
    Subsidiary&quot; means any Direct Foreign Subsidiary which (i) has total
    assets equal to or greater than 5% of the Consolidated Total Assets of
    Miller and its Subsidiaries (calculated as of the end of the most recent
    fiscal period for which financial statements have been delivered to the
    Agent pursuant to <u>Section 7.1(a) or 7.1(b)</u>) or (ii) has net income
    equal to or greater than 5% of the Consolidated Net Income of Miller and its
    Subsidiaries (calculated for the most recent fiscal period for which
    financial statements have been delivered pursuant to <u>Section 7.1(a) or
    7.1(b)</u>).</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Miller&quot; means
    Miller Industries, Inc., a Tennessee corporation having its principal place
    of business in Ooltewah, Tennessee.</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">11</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Miller Borrowers&quot;
    means &quot;Miller Borrowers&quot; as defined in the Senior Credit
    Agreement.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Miller Financial&quot;
    means Miller Financial Services Group, Inc., a Tennessee corporation and the
    direct wholly-owned subsidiary of Miller.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Miller Towing&quot;
    means Miller Industries Towing Equipment, Inc., a Delaware corporation and
    wholly owned subsidiary of Miller having its principal place of business in
    Ooltewah, Tennessee.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Minimum Disposition
    Value&quot; means, with respect to any asset (i) which is sold by the
    Borrowers in connection with an Asset Disposition, or (ii) with respect to
    which the Lien in favor of the Agent (on behalf of itself and the Lenders)
    and the Senior Agents (on behalf of itself and the Senior Lenders and the
    Senior L/C Issuer) is released in connection with any Debt Offering, the Net
    Proceeds received by the Borrowers in respect thereof, <u>less</u> the sum
    of (a) the Senior Collateral Value of such asset, if any, and (b) the amount
    of Required Payments with respect to such asset, if any.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Moody&#146;s&quot; means
    Moody&#146;s Investors Service, Inc.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Mortgages&quot; means,
    collectively, all Mortgages, Deeds of Trust and Deeds to Secure Debt or
    other comparable instrument granting a Lien to the Agent (or a trustee for
    the benefit of the Agent) for the benefit of the Lenders in Collateral
    constituting real property and fixtures, as such documents may be amended,
    modified or supplemented from time to time.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Multiemployer
    Plan&quot; means a &quot;multiemployer plan&quot; as defined in Section
    4001(a)(3) of ERISA to which Miller or any ERISA Affiliate is making, or is
    accruing an obligation to make, contributions or has made, or been obligated
    to make, contributions within the preceding six (6) Fiscal Years.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Municipal
    Obligations&quot; means general obligations issued by, and supported by the
    full taxing authority of, any state of the United States of America or of
    any municipal corporation or other public body organized under the laws of
    any such state which are rated in the highest investment rating category by
    both S&amp;P and Moody&#146;s.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Navistar Intercreditor
    Agreement&quot; means that certain Intercreditor Agreement executed or to be
    executed by and among the Agent, the Senior Agents, and Navistar Financial
    Corporation documenting the terms previously disclosed to the Lenders and
    related terms ancillary thereto.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Navistar Consignment
    Agreement&quot; means that certain Consignment and Sales Agreement by and
    among the Navistar International Transportation Corp., Lee Smith, Inc., and
    Miller Towing documenting the terms previously disclosed to the Lenders and
    related terms ancillary thereto.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Net Proceeds&quot;
    means (a) from any Equity Offering or Debt Offering cash payments received
    by Miller or any Subsidiary therefrom as and when received, <u>net of</u>,
    without duplication, (i) all bona fide legal, accounting, banking and
    underwriting fees and expenses, commissions, discounts and other issuance
    expenses incurred in connection therewith and (ii) all taxes required to be
    paid or accrued as a consequence of such issuance, and (b) from any Asset
    Disposition, cash payments received by Miller or any Subsidiary therefrom
    (including any cash payments received pursuant to any note or other debt
    security received in connection with any Asset Disposition) as and when
    received, <u>net of</u>, without duplication, (i) commissions and other
    reasonable and customary transaction costs, fees and expenses properly
    attributable to such Asset Disposition and payable by the Borrowers in
    connection therewith (in each case, paid to non-Affiliate third parties),
    (ii)&nbsp;transfer taxes applicable to such Asset Disposition,
    (iii)&nbsp;amounts payable to holders of Liens senior to the Liens of the
    Agent (for the benefit of itself and the Lenders) and the Liens of the
    Senior Agents (for the benefit of themselves and the Senior Lenders and the
    Senior L/C Issuer (to the extent such Liens constitute Permitted Liens
    hereunder), if any, and (iv)&nbsp;an appropriate reserve for income taxes in
    accordance with GAAP in connection therewith.</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">12</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Notes&quot; means,
    collectively, the promissory notes of the Borrowers evidencing the Loan
    executed and delivered to the Lenders substantially in the form of <u>Exhibit
    D</u>, as amended, restated, modified, or supplemented.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Obligations&quot;
    means the obligations, liabilities and Indebtedness of the Borrowers or
    either of them with respect to (i) the principal and interest on the Loan as
    evidenced by the Notes, (ii) all liabilities of the Borrowers or either of
    them to any Lender which arise under a Swap Agreement, and (iii) the payment
    and performance of all other obligations, liabilities and Indebtedness of
    the Borrowers or either of them to the Lenders or the Agent hereunder, under
    any one or more of the other Loan Documents or with respect to the Loan.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Off Balance Sheet
    Liability&quot; of a Person means (i) any repurchase obligation or liability
    of such Person with respect to accounts or notes receivable sold by such
    Person, (ii) any liability under any sale and leaseback transaction which
    does not create a liability on the balance sheet of such Person, (iii) any
    liability under any financing lease or so-called &quot;synthetic lease&quot;
    transaction entered into by such Person or (iv) any obligation arising with
    respect to any other transaction which is the functional equivalent of or
    takes the place of borrowing but which does not constitute a liability on
    the balance sheet of such Person, but excluding operating leases.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Operating
    Documents&quot; means with respect to any corporation, limited liability
    company, partnership, limited partnership, limited liability partnership, or
    other legally authorized incorporated or unincorporated entity, the bylaws,
    operating agreement, partnership agreement, limited partnership agreement or
    other applicable documents relating to the operation, governance or
    management of such entity.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Organizational
    Action&quot; means with respect to any corporation, limited liability
    company, partnership, limited partnership, limited liability partnership or
    other legally authorized incorporated or unincorporated entity, any
    corporate, organizational or partnership action (including any required
    shareholder, member or partner action) or other similar official action, as
    applicable, taken by such entity.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Organizational
    Documents&quot; means with respect to any corporation, limited liability
    company, partnership, limited partnership, limited liability partnership or
    other legally authorized incorporated or unincorporated entity, the articles
    of incorporation, certificate of incorporation, articles of organization,
    certificate of limited partnership or other applicable organizational or
    charter documents relating to the creation of such entity.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Outstandings&quot;
    means, at any date, the total amount of Term Loan Outstandings on such date.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Partially-Owned
    Subsidiary&quot; means a Subsidiary in which Miller or one of Miller&#146;s
    Subsidiaries owns less than 100% of the equity interest.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;PBGC&quot; means the
    Pension Benefit Guaranty Corporation and any successor thereto.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Pension Plan&quot;
    means any employee pension benefit plan within the meaning of Section 3(2)
    of ERISA, other than a Multiemployer Plan, which is subject to the
    provisions of Title IV of ERISA or Section 412 of the Code and which (i) is
    maintained for employees of Miller or any of its ERISA Affiliates or is
    assumed by Miller or any of its ERISA Affiliates in connection with any
    Acquisition or (ii) has at any time been maintained for the employees of
    Miller or any current or former ERISA Affiliate.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Permitted
    Indebtedness&quot; has the meaning assigned to such term in <u>Section 8.4</u>
    hereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Permitted Liens&quot;
    has the meaning assigned to such term in <u>Section 8.3</u> hereof.</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">13</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Person&quot; means an
    individual, partnership, corporation, trust, limited liability company,
    unincorporated organization, association, joint venture or a government or
    agency or political subdivision thereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Pledge Agreement&quot;
    means, collectively or individually as the context may indicate, (i) that
    certain Stock Pledge Agreement delivered pursuant to the terms of the
    Existing Credit Agreement between Miller and the Agent, (ii) that certain
    Stock Pledge Agreement delivered pursuant to the terms of the Existing
    Credit Agreement between certain Domestic Subsidiaries and the Agent, (iii)
    any Pledge Agreement, Share Charge, Debenture or similar instrument in form
    and substance reasonably acceptable to the Agent whereby Miller or a
    Domestic Subsidiary creates a security interest in favor of the Agent of not
    less than 65% of the outstanding capital stock of a Direct Foreign
    Subsidiary, and (iv) any additional Pledge Agreement delivered to the Agent
    pursuant to <u>Section 7.19</u>, as any of the foregoing may be hereafter
    amended, supplemented or restated from time to time.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Pledged Stock&quot;
    has the meaning assigned to such term in any Pledge Agreement.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Post-Disposition
    Availability Requirement&quot; means (i) $10,000,000 at any time prior to
    the sale of RoadOne Borrower Assets having a Senior Collateral Value, in the
    aggregate, greater than or equal to $35,976,338 and (ii) at any time
    thereafter, $9,000,000.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Pre-Refunded Municipal
    Obligations&quot; means obligations of any state of the United States of
    America or of any municipal corporation or other public body organized under
    the laws of any such state which are rated, based on the escrow, in the
    highest investment rating category by both S&amp;P and Moody&#146;s and which
    have been irrevocably called for redemption and advance refunded through the
    deposit in escrow of Government Securities or other debt securities which
    are (i) not callable at the option of the issuer thereof prior to maturity,
    (ii) irrevocably pledged solely to the payment of all principal and interest
    on such obligations as the same becomes due, and (iii) in a principal amount
    and bear such rate or rates of interest as shall be sufficient to pay in
    full all principal of, interest, and premium, if any, on such obligations as
    the same becomes due as verified by a nationally recognized firm of
    certified public accountants.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Prime Rate&quot; means
    the per annum rate of interest established from time to time by Bank of
    America as its prime rate, which rate may not be the lowest rate of interest
    charged by Bank of America to its customers.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Principal Office&quot;
    means the principal office of Bank of America located at Bank of America, N.
    A., Independence Center, 15th Floor, NC1-001-15-04, Charlotte, North
    Carolina 28255, Attention: Agency Services, or such other office and address
    as the Agent may from time to time designate.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Prior Loan
    Documents&quot; has the meaning ascribed thereto in <u>Section 1.3</u>
    hereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Rate Hedging
    Obligations&quot; means any and all obligations of Miller or any Subsidiary,
    whether absolute or contingent and howsoever and whensoever created,
    arising, evidenced or acquired (including all renewals, extensions and
    modifications thereof and substitutions therefor), under (i) any and all
    agreements, devices or arrangements designed to protect at least one of the
    parties thereto from the fluctuations of interest rates, exchange rates or
    forward rates applicable to such party&#146;s assets, liabilities or exchange
    transactions, including, but not limited to, Dollar-denominated or
    cross-currency interest rate exchange agreements, forward currency exchange
    agreements, interest rate cap or collar protection agreements, forward rate
    currency or interest rate options, puts, warrants and those commonly known
    as interest rate &quot;swap&quot; agreements; and (ii) any and all
    cancellations, buybacks, reversals, terminations or assignments of any of
    the foregoing.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Regulation D&quot;
    means Regulation D of the Board as the same may be amended or supplemented
    from time to time.</font></p>
  </blockquote>
</blockquote>
    <p style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">14</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Repurchase
    Agreement&quot; means a repurchase agreement entered into with any financial
    institution whose debt obligations or commercial paper are rated
    &quot;A&quot; by either of S&amp;P or Moody&#146;s or &quot;A-1&quot; by S&amp;P
    or &quot;P-1&quot; by Moody&#146;s.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Required Lenders&quot;
    means, as of any date, 100% of the Lenders on such date.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Required
    Payments&quot; means &quot;Required Payments&quot; as defined in the
    Intercreditor Agreement.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Restricted
    Payment&quot; means (a) any dividend or other distribution, direct or
    indirect, on account of any shares of any class of stock or equity
    securities of Miller or any of its Subsidiaries (other than those payable or
    distributable solely to Miller or to a Subsidiary&#146;s parent) now or hereafter
    outstanding, except a dividend payable solely in shares of a class of stock
    to the holders of that class; (b) any redemption, conversion, exchange,
    retirement or similar payment, purchase or other acquisition for value,
    direct or indirect, of any shares of any class of stock or other equity
    security of Miller or any of its Subsidiaries (other than those payable or
    distributable solely to Miller, Miller Towing or a Guarantor) now or
    hereafter outstanding; (c) any payment (other than to Miller, Miller Towing
    or a Guarantor) made to retire, or to obtain the surrender of, any
    outstanding warrants, options or other rights to acquire shares of any class
    of stock or other equity security of Miller or any of its Subsidiaries now
    or hereafter outstanding; and (d) any issuance and sale of capital stock or
    other equity security of any Subsidiary of Miller (or any option, warrant or
    right to acquire such stock or other equity securities) other than the
    issuance and sale by Miller Towing or a Guarantor to Miller or a Domestic
    Subsidiary.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;RoadOne
    Borrowers&quot; means &quot;RoadOne Borrowers&quot; as defined in the Senior
    Credit Agreement.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;RoadOne Borrower
    Assets&quot; means assets owned by any of the RoadOne Borrowers.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;S&amp;P&quot; means
    Standard &amp; Poor&#146;s Ratings Group, a division of The McGraw-Hill
    Companies, Inc.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Security
    Agreement&quot; means, collectively (or individually as the context may
    indicate), (i) the Security Agreement dated as of July 27, 1999 delivered
    pursuant to the terms of the Existing Credit Agreement by the Borrowers and
    Guarantors to the Agent, and (ii) any additional Security Agreement
    delivered to the Agent pursuant to the terms hereof, including <u>Section
    7.19</u>, as hereafter modified, amended or supplemented from time to time.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Security
    Instruments&quot; means the Pledge Agreement, the Collateral Assignment of
    Interests, the Guaranty, the Security Agreement, the Intellectual Property
    Security Agreement, the Mortgages, the Assignment of Leases, the Assignment
    of Mortgage, the Intercompany Security Documents Assignment, any UCC-1
    Financing Statements, charges, and all other documents and agreements
    executed and delivered in connection herewith granting to the Lenders Liens
    on any assets of the Borrowers, any Guarantor, or any other Person
    collaterally to secure payment and performance of the Obligations and the
    Guarantors&#146; Obligations under the Guaranty.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Senior Agents&quot;
    means the Senior Collateral Agent and the Senior Existing Titled Collateral
    Agent.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Senior Borrowing
    Base&quot; means the &quot;Borrowing Base&quot; as defined in the Senior
    Credit Agreement.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Senior
    Collateral Agent&quot; means The CIT
    Group/Business Credit, Inc., as Collateral Agent for the
    Senior Lenders and the Senior L/C Issuer under the Senior Credit Agreement.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Senior Collateral
    Value&quot; means, at the time of computation thereof, with respect to any
    asset of either of the Borrowers or any Subsidiary, the amount, in dollars,
    included in the Senior Borrowing Base at such date attributable to such
    asset, if any, or with respect to owned real estate and equipment not
    included in the Senior Borrowing Base, the amount advanced by the Senior
    Lenders on the Closing Date with respect to such real estate or equipment
    pursuant to the term loan portion of the Senior Facility, if any.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="center"><font face="Times New Roman">15</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Senior Credit
    Agreement&quot; has the meaning ascribed thereto in the recitals hereof and shall include any and all amendments, supplements, restatements
    or refinancings thereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Senior
    Existing Titled Collateral Agent&quot; means, Bank of America, as Existing
    Titled Collateral Agent for the Senior Lenders and the Senior L/C Issuer
    under the Senior Credit Agreement.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Senior Facility&quot;
    has the meaning ascribed thereto in the recitals hereof and shall include
    any amendment, restatement, refinancing or replacement thereof that does not
    violate <u>Section 8.19</u> hereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Senior Lenders&quot;
    means the lenders party to the Senior Credit Agreement.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Senior
    L/C Issuer&quot; shall mean Bank of America, as the Senior Letter of Credit
    Issuer under the Senior Credit Agreement.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Single Employer
    Plan&quot; means any employee pension benefit plan covered by Title IV of
    ERISA in respect of which Miller or any Subsidiary is an
    &quot;employer&quot; as described in Section 4001(b) of ERISA and which is
    not a Multiemployer Plan.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Solvent&quot; means,
    when used with respect to any Person, that at the time of determination:</font></p>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the fair value of
        its assets (both at fair valuation and at present fair saleable value on
        an orderly basis) is in excess of the total amount of its liabilities,
        including Contingent Obligations;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;it is then able and
        expects to be able to pay its debts as they mature; and</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;it has capital
        sufficient to carry on its business as conducted and as proposed to be
        conducted.</font></p>
      </blockquote>
    </blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Stated Termination
    Date&quot; means July 23, 2003.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Subordinated
    Indebtedness&quot; means all Indebtedness that is subordinated to the Term
    Loan Facility under its own terms or under any separate agreement of
    subordination, in each case upon terms satisfactory to the Agent.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Subsidiary&quot; means
    any corporation or other entity in which more than 50% of its outstanding
    voting stock or more than 50% of all equity interests is owned directly or
    indirectly by Miller and/or by one or more of Miller&#146;s Subsidiaries or is
    otherwise required under GAAP to have its financial statements consolidated
    with those of Miller and its Subsidiaries.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Swap Agreement&quot;
    means one or more agreements between the Borrowers and any Lender with
    respect to Indebtedness evidenced by any or all of the Notes, on terms
    mutually acceptable to the Borrowers and such Lender and the Agent, which
    agreements create Rate Hedging Obligations.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Term Loan&quot; means
    the loan made pursuant to the Term Loan Facility in accordance with <u>Article
    II</u>.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Term Loan
    Facility&quot; means the facility described in <u>Article II</u> providing
    for a Term Loan to the Borrower by the Lenders in the original principal
    amount of $14,000,000.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Term Loan Outstandings&quot;
    means, as of any date of determination, the aggregate principal amount of
    the Term Loan then outstanding and all interest accrued thereon.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Term Loan Termination
    Date&quot; means (i) the Stated Termination Date or (ii) such earlier date
    of termination of Lenders&#146; obligations pursuant to <u>Section 9.1</u> upon
    the occurrence of an Event of Default, or</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">16</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman"> (iii) such date as the Borrower
    may voluntarily and permanently terminate the Term Loan Facility by payment
    in full of all Obligations incurred in connection with the Term Loan.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Termination
    Event&quot; means: (i) a &quot;Reportable Event&quot; described in Section
    4043 of ERISA and the regulations issued thereunder (unless the notice
    requirement has been waived by applicable regulation); or (ii) the
    withdrawal of Miller or any ERISA Affiliate from a Pension Plan during a
    plan year in which it was a &quot;substantial employer&quot; as defined in
    Section 4001(a)(2) of ERISA or was deemed such under Section 4068(f) of
    ERISA; or (iii) the termination of a Pension Plan, the filing of a notice of
    intent to terminate a Pension Plan or the treatment of a Pension Plan
    amendment as a termination under Section 4041 of ERISA; or (iv) the
    institution of proceedings to terminate a Pension Plan by the PBGC; or (v)
    any other event or condition which would constitute grounds under Section
    4042(a) of ERISA for the termination of, or the appointment of a trustee to
    administer, any Pension Plan; or (vi) the partial or complete withdrawal of
    Miller or any ERISA Affiliate from a Multiemployer Plan; or (vii) the
    imposition of a Lien pursuant to Section 412 of the Code or Section 302 of
    ERISA; or (viii) any event or condition which results in the reorganization
    or insolvency of a Multiemployer Plan under Section 4241 or Section 4245 of
    ERISA, respectively; or (ix) any event or condition which results in the
    termination of a Multiemployer Plan under Section 4041A of ERISA or the
    institution by the PBGC of proceedings to terminate a Multiemployer Plan
    under Section 4042 of ERISA; or (x) any event or condition with respect to
    any Employee Benefit Plan that is regulated by any Foreign Benefit Law that
    results in such Employee Benefit Plan&#146;s termination or the revocation of the
    Employee Benefit Plan&#146;s authority to operate under the applicable Foreign
    Benefit Law.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Total Commitment&quot;
    means a principal amount equal to $14,000,000.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Transition Date&quot;
    means &quot;Transition Date&quot; as defined in the Senior Credit Agreement,
    as in effect on the date hereof.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;VINtek&quot; means
    VINtek, Inc.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;VINtek Agreement&quot;
    means that certain Custodial Administration Agreement dated as of the date
    hereof, among the Agent, the Senior Agents, the Borrowers, the Guarantors,
    and VINtek.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Voting Stock&quot;
    means shares of capital stock issued by a corporation, or equivalent
    interests in any other Person, the holders of which are ordinarily, in the
    absence of contingencies, entitled to vote for the election of directors (or
    persons performing similar functions) of such Person, even if the right so
    to vote has been suspended by the happening of such a contingency.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Warrant
    Agreement&quot; means that certain Warrant Agreement by Miller in favor of
    the Lenders, substantially in the form of <u>Exhibit G</u> attached hereto
    and incorporated herein by reference, as the same may be modified, amended
    or supplemented from time to time.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;Warrants&quot;
    has the meaning given such term in Section 2.9(b).</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Rules of Interpretation</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All accounting terms not
specifically defined herein shall have the meanings assigned to such terms and
shall be interpreted in accordance with GAAP applied on a Consistent Basis.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each term defined in the
Georgia Uniform Commercial Code shall have the meaning given therein unless
otherwise defined herein, except to the extent that the Uniform Commercial Code
of another jurisdiction is controlling, in which case such terms shall have the
meaning given in the Uniform Commercial Code of the applicable jurisdiction.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The headings, subheadings
and table of contents used herein or in any other Loan Document are solely for
convenience of reference and shall not constitute a part of any such document or
affect the meaning, construction or effect of any provision thereof.</font></p>
<p ALIGN="center"><font face="Times New Roman">17</font></p>
<hr color="#000080">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise
expressly provided, references herein to articles, sections, paragraphs,
clauses, annexes, appendices, exhibits and schedules are references to articles,
sections, paragraphs, clauses, annexes, appendices, exhibits and schedules in or
to this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All definitions set forth
herein or in any other Loan Document shall apply to the singular as well as the
plural form of such defined term, and all references to the masculine gender
shall include reference to the feminine or neuter gender, and <i>vice versa</i>,
as the context may require.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;When used herein or in any
other Loan Document, words such as &quot;hereunder&quot;, &quot;hereto&quot;,
&quot;hereof&quot; and &quot;herein&quot; and other words of like import shall,
unless the context clearly indicates to the contrary, refer to the whole of the
applicable document and not to any particular article, section, subsection,
paragraph or clause thereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;References to
&quot;including&quot; means including without limiting the generality of any
description preceding such term, and for purposes hereof the rule of <i>ejusdem
generis</i> shall not be applicable to limit a general statement, followed by or
referable to an enumeration of specific matters, to matters similar to those
specifically mentioned.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All dates and times of day
specified herein shall refer to such dates and times at Charlotte, North
Carolina.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the parties to the
Loan Documents and their counsel have reviewed and revised, or requested (or had
the opportunity to request) revisions to, the Loan Documents, and any rule of
construction that ambiguities are to be resolved against the drafting party
shall be inapplicable in the construing and interpretation of the Loan Documents
and all exhibits, schedules and appendices thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any reference to an officer
of Miller or any other Person by reference to the title of such officer shall be
deemed to refer to each other officer of such Person, however titled, exercising
the same or substantially similar functions.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All references to any
agreement or document as amended, modified or supplemented, or words of similar
effect, shall mean such document or agreement, as the case may be, as amended,
modified or supplemented from time to time only as and to the extent permitted
therein and in the Loan Documents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Amendment and Restatement</u>.
The Borrowers, the Agent and the Lenders hereby agree that upon the
effectiveness of this Agreement, the terms and provisions of the Existing Credit
Agreement which in any manner govern or evidence the Obligations, the rights and
interests of the Lenders and any terms, conditions or matters related to any of
the foregoing, shall be and hereby are amended and restated in their entirety by
the terms and provisions of this Agreement and the terms and conditions of the
Existing Credit Agreement shall be superseded by this Agreement, except as
expressly provided herein.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Notwithstanding the amendment
and restatement of Existing Credit Agreement and certain of the related
&quot;Loan Documents&quot; as defined in the Existing Credit Agreement (the
&quot;Prior Loan Documents&quot;) by this Agreement and the other Loan Documents
as herein defined, all of the continuing indebtedness, liabilities and
obligations owing by the Borrowers under the Existing Credit Agreement shall
continue as Obligations hereunder and shall be and remain secured by the
Security Instruments for the benefit of the Agent and the Lenders. This
Agreement is given as a substitution of, and not as a payment of, the
indebtedness, liabilities and obligations of the Borrower under the Existing
Credit Agreement and is not intended to constitute a novation thereof or of any
of the other Prior Loan Documents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">18</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="CENTER" style="text-indent: 60">&nbsp;</p>
<p ALIGN="CENTER" style="text-indent: 60"><font face="Times New Roman">ARTICLE II</font></p>
<u>
<p ALIGN="CENTER" style="text-indent: 60"><font face="Times New Roman">The Term Loan</font></p>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term
Loan; <u>Payment of Principal</u>.&nbsp;&nbsp; Subject to the terms and conditions of this Agreement, the remaining outstanding
balance of the Existing Facility that is not repaid from the proceeds of the
initial funding of the Senior Facility shall be deemed to be Term Loans made by
the Lenders hereunder in accordance with their respective Applicable Commitment
Percentages; provided that the aggregate amount of the Term Loans shall not
exceed the amount of the Term Loan Facility. Borrowers shall cause the proceeds
of the initial extensions of credit under the Senior Facility to be used on the
closing date thereof to reduce the Existing Facility.
In addition to any optional or mandatory prepayments as specified herein, the
Borrowers shall make scheduled quarterly payments of principal on the Term Loans
in one of the following three ways, as applicable (<u>provided</u> no principal
payment shall be required to be made which would cause Excess Availability to be
less than the Post-Disposition Availability Requirement after giving effect to
such payment):</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event Miller has
elected to change its Fiscal Year to a calendar fiscal year:</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before April 5,
    2002, a principal payment equal to $875,000, <u>provided</u> Miller and its
    Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not less
    than 1.15 to 1.00, after giving effect to such payment, (I) for the
    eight-month Period ending on December 31, 2001, as shown by audited
    financial reports (conforming to the requirements of <u>Section 7.1(a)</u>)
    to be delivered to the Agent on or before March 31, 2002 covering the period
    of eight months beginning May 1, 2001 and ending December 31, 2001, and (II)
    for the Four-Quarter Period ending on December 31, 2001, as shown
    collectively by the audited financial reports delivered under (I) above and
    interim financial reports (conforming to the requirements of <u>Section
    7.1(b)</u>) to be delivered to the Agent on or before March 15, 2002
    covering the four-month period beginning January 1, 2001 and ending April
    30, 2001; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before May 20,
    2002, a principal payment equal to $875,000, <u>provided</u> Miller and its
    Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not less
    than 1.15 to 1.00 for the Four-Quarter Period ending on March 31, 2002 as
    shown on the interim financial reports required to be delivered to the Agent
    on or before May 15, 2002 pursuant to <u>Section 7.1(b)</u> hereof, after
    giving effect to such payment; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before August 20,
    2002, a principal payment equal to $875,000, <u>provided</u> Miller and its
    Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not less
    than 1.15 to 1.00 for the Four-Quarter Period ending on June 30, 2002 as
    shown on the interim financial reports required to be delivered to the Agent
    on or before August 15, 2002 pursuant to <u>Section 7.1(b)</u> hereof, after
    giving effect to such payment; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before November
    20, 2002, a principal payment equal to $875,000, <u>provided</u> Miller and
    its Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not
    less than 1.15 to 1.00 for the Four-Quarter Period ending on September 30,
    2002 as shown on the interim financial reports required to be delivered to
    the Agent on or before November 15, 2002 pursuant to <u>Section 7.1(b)</u>
    hereof, after giving effect to such payment; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before April 5,
    2003, a principal payment equal to $875,000, <u>provided</u> Miller and its
    Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not less
    than 1.15 to 1.00 for the Four-Quarter Period ending on December 31, 2002 as
    shown on the audited financial reports required to be delivered to the Agent
    on or before March 31, 2003 pursuant to <u>Section 7.1(a)</u> hereof, after
    giving effect to such payment; </font><u><font face="Times New Roman">or</font></p>
    </blockquote>
  </blockquote>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event Miller has
elected to change its Fiscal Year to the twelve month fiscal period beginning
February 1 of each calendar year and ending January 31 of each calendar year:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">19</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before May 5,
    2002, a principal payment equal to $875,000, <u>provided</u> Miller and its
    Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not less
    than 1.15 to 1.00, after giving effect to such payment, (I) for the
    nine-month Period ending on January 31, 2002, as shown by audited financial
    reports (conforming to the requirements of <u>Section 7.1(a)</u>) to be
    delivered to the Agent on or before April 30, 2002 covering the period of
    three fiscal quarters beginning May 1, 2001 and ending January 31, 2002, and
    (II) for the Four-Quarter Period ending on January 31, 2002, as shown
    collectively by the audited financial reports delivered under (I) above and
    interim financial reports (conforming to the requirements of <u>Section
    7.1(b)</u>) to be delivered to the Agent on or before March 15, 2002
    covering the three-month period beginning February 1, 2001 and ending April
    30, 2001; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before June 20,
    2002, a principal payment equal to $875,000, <u>provided</u> Miller and its
    Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not less
    than 1.15 to 1.00 for the Four-Quarter Period ending on April 30, 2002 as
    shown on the interim financial reports required to be delivered to the Agent
    on or before June 15, 2002 pursuant to <u>Section 7.1(b)</u> hereof, after
    giving effect to such payment; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before September
    20, 2002, a principal payment equal to $875,000, <u>provided</u> Miller and
    its Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not
    less than 1.15 to 1.00 for the Four-Quarter Period ending on July 31, 2002
    as shown on the interim financial reports required to be delivered to the
    Agent on or before September 15, 2002 pursuant to <u>Section 7.1(b)</u>
    hereof, after giving effect to such payment; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before December
    20, 2002, a principal payment equal to $875,000, <u>provided</u> Miller and
    its Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not
    less than 1.15 to 1.00 for the Four-Quarter Period ending on October 31,
    2002 as shown on the interim financial reports required to be delivered to
    the Agent on or before December 15, 2002 pursuant to <u>Section 7.1(b)</u>
    hereof, after giving effect to such payment; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before May 5,
    2003, a principal payment equal to $875,000, <u>provided</u> Miller and its
    Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not less
    than 1.15 to 1.00 for the Four-Quarter Period ending on January 31, 2003 as
    shown on the audited financial reports required to be delivered to the Agent
    on or before April 30, 2003 pursuant to <u>Section 7.1(a)</u> hereof, after
    giving effect to such payment; </font><u><font face="Times New Roman">or</font></p>
    </blockquote>
  </blockquote>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event Miller has
elected not to change its Fiscal Year:</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before May 5,
    2002, a principal payment equal to $875,000, <u>provided</u> Miller and its
    Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not less
    than 1.15 to 1.00, after giving effect to such payment, (I) for the
    nine-month Period ending on January 31, 2002, as shown by audited financial
    reports (conforming to the requirements of <u>Section 7.1(a)</u>) to be
    delivered to the Agent on or before April 30, 2002 covering the period of
    three fiscal quarters beginning May 1, 2001 and ending January 31, 2002, and
    (II) for the Four-Quarter Period ending on January 31, 2002, as shown
    collectively by the audited financial reports delivered under (I) above and
    interim financial reports (conforming to the requirements of <u>Section
    7.1(b)</u>) to be delivered to the Agent on or before March 15, 2002
    covering the three-month period beginning February 1, 2001 and ending April
    30, 2001; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before August 5,
    2002, a principal payment equal to $875,000, <u>provided</u> Miller and its
    Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not less
    than 1.15 to 1.00 for the Four-Quarter Period ending on April 30, 2002 as
    shown on the audited financial reports required to be delivered to the Agent
    on or before July 31, 2002 pursuant to <u>Section 7.1(a)</u> hereof, after
    giving effect to such payment; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before September
    20, 2002, a principal payment equal to $875,000, <u>provided</u> Miller and
    its Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not
    less than 1.15 to 1.00 for the Four-Quarter Period ending on July 31, 2002
    as shown on the interim financial reports required</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">20</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">to be delivered to the
    Agent on or before September 15, 2002 pursuant to <u>Section 7.1(b)</u>
    hereof, after giving effect to such payment; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before December
    20, 2002, a principal payment equal to $875,000, <u>provided</u> Miller and
    its Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not
    less than 1.15 to 1.00 for the Four-Quarter Period ending on October 31,
    2002 as shown on the interim financial reports required to be delivered to
    the Agent on or before December 15, 2002 pursuant to <u>Section 7.1(b)</u>
    hereof, after giving effect to such payment; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before March 20,
    2003, a principal payment equal to $875,000, <u>provided</u> Miller and its
    Subsidiaries maintain a Consolidated Fixed Charge Coverage Ratio of not less
    than 1.15 to 1.00 for the Four-Quarter Period ending on January 31, 2003 as
    shown on the interim financial reports required to be delivered to the Agent
    on or before March 15, 2003 pursuant to <u>Section 7.1(b)</u> hereof, after
    giving effect to such payment.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">In the event that Miller and its
Subsidiaries should fail to maintain the Consolidated Fixed Charge Coverage
Ratio required to be maintained, as described above, or should fail to maintain
Excess Availability of greater than or equal to the Post-Disposition
Availability Requirement, in each case prior to making (and after giving effect
to) any principal prepayment otherwise required as described above, Borrowers
shall be required to make a partial principal payment equal to the lesser of (i)
the maximum amount which would be allowable in order to cause the Consolidated
Fixed Charge Coverage Ratio (calculated as described above), after giving effect
to such partial payment, to be equal to 1.15 to 1.00, and (ii) the maximum
amount which would be allowable in order cause Excess Availability to be equal
to the Post-Disposition Availability Requirement. All unpaid amounts of any
scheduled principal payments, together with any unpaid amounts of mandatory
principal prepayments under <u>Section 2.7(iii)</u>, shall be added to the
amount of the next following scheduled principal payment and shall be due and
payable therewith, so long as the Consolidated Fixed Charge Coverage Ratio
(calculated as described above), after giving effect to such scheduled payment
(as increased) is greater than or equal to 1.15 to 1.00, and so long as Excess
Availability, after giving effect to such scheduled payment (as increased) is
greater than or equal to the Post-Disposition Availability Requirement. The
entire unpaid principal amount of Outstandings shall be due and payable in full
on the Term Loan Termination Date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Payment of Interest</u>.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall pay
    interest to the Agent for the account of each Lender on the outstanding and
    unpaid principal amount of the Loan made by such Lender at the then
    applicable Base Rate; <u>provided</u>, <u>however</u>, that if any amount
    shall not be paid when due (at maturity, by acceleration or otherwise, but
    excluding when any such payment is a principal payment which is not
    permitted to be made pursuant to the terms of the Intercreditor Agreement)
    or if any other Event of Default shall have occurred and be continuing
    hereunder, all amounts outstanding hereunder shall bear interest thereafter
    at the Default Rate from the date such Event of Default occurred until the
    date such Event of Default is cured or waived; <u>provided</u> that interest
    shall accrue at the Default Rate on any such past due amount but shall not
    be payable if the Lenders or the Agent are not permitted to receive payment
    of such amount under the terms of the Intercreditor Agreement.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest shall be
    computed on the basis of a year of 365/366 days, and in each case calculated
    for the actual number of days elapsed. Interest on the Loan shall be paid (i)
    monthly in arrears on the last Business Day of each month commencing July
    31, 2001 and (ii) on the Term Loan Termination Date.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Non-Conforming Payments</u>.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each payment of
    principal (including any prepayment) and payment of interest and fees, and
    any other amount required to be paid to the Lenders with respect to the Term
    Loan, shall be made to the Agent at the Principal Office, for the account of
    each Lender, in Dollars and in immediately available funds before 12:30 P.M.
    on the date such payment is due. The Borrowers shall give the Agent prior
    written notice of any such payment of principal prior to 11:00 A.M. on the
    date of such payment. The Agent may, at the election of the Borrowers, but
    shall not be obligated to, debit the amount of any such payment which is not
    made by such time to any ordinary deposit account, if any, of any of the
    Borrowers with the Agent.</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">21</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agent shall deem any
    payment made by or on behalf of the Borrowers hereunder that is not made
    both (i) in Dollars and in immediately available funds and (ii) prior to
    12:30 P.M. on the date payment is due to be a non-conforming payment. Any
    such payment shall not be deemed to be received by the Agent until the later
    of (A) the time such funds become available funds and (B) the next Business
    Day. Any non-conforming payment shall constitute a Default or Event of
    Default. The Agent shall give prompt telephonic or telefacsimile notice to
    the Borrowers if a non-conforming payment constitutes a Default or an Event
    of Default. Interest shall continue to accrue on any principal as to which a
    non-conforming payment is made until the later of (x) the date such funds
    become available funds or (y) the next Business Day at the Default Rate from
    the date such amount was due and payable.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that any
    payment hereunder or under the Notes evidencing the Term Loan becomes due
    and payable on a day other than a Business Day, then such due date shall be
    extended to the next succeeding Business Day; <u>provided</u> that interest
    shall continue to accrue during the period of any such extension.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Notes</u>. The portion
of the Term Loan made by each Lender shall be evidenced by a Note in
substantially the form of <u>Exhibit D</u> payable to the order of such Lender
in the respective amount of its Applicable Commitment Percentage of the Total
Commitment, which Note shall be dated the Closing Date or a later date pursuant
to an Assignment and Acceptance and shall be duly completed, executed and
delivered by the Borrowers. Each Note (and any note or other instrument issued
as a full or partial substitution or replacement therefor) shall contain the
subordination legend set forth on the Form of Note attached as <u>Exhibit D</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Pro Rata Payments</u>.
Except as otherwise provided herein, (a) each payment on account of the
principal of and interest on the Term Loan and fees payable under <u>Section 2.9</u>
shall be made to the Agent for the account of the Lenders pro rata based on
their Applicable Commitment Percentages, (b) all payments to be made by the
Borrowers for the account of each of the Lenders on account of principal,
interest and fees, shall be made without diminution, setoff, recoupment or
counterclaim, and (c) the Agent will promptly distribute to the Lenders in
immediately available funds payments received in fully collected, immediately
available funds from the Borrowers.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Optional Prepayments</u>.
Subject to the terms and conditions of the Senior Credit
Agreement and the Intercreditor Agreement, the
Borrower may prepay the Term Loan in whole or in part from time to time on any
Business Day, without penalty or premium, upon at least three (3) Business Days&#146;
telephonic notice from an Authorized Representative (effective upon receipt) to
the Agent prior to 10:30 A.M., which notice shall be irrevocable. The Authorized
Representative shall provide the Agent written confirmation of each such
telephonic notice but failure to provide such confirmation shall not affect the
validity of such telephonic notice. Any prepayment, shall be made at a
prepayment price equal to (i) the amount of principal to be prepaid, plus (ii)
all accrued and unpaid interest on the amount so prepaid, to the date of
prepayment.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Mandatory Prepayments</u>.
In addition to the required payments of principal of the Loan set forth in <u>Section
2.1</u> and any optional payments of principal of the Term Loan effected under <u>Section
2.6</u>, and subject to the terms and conditions of the Senior Credit Agreement
and the Intercreditor Agreement, the Borrower shall make the following required
prepayments of the Loan, each such payment to be made to the Agent for the
benefit of the Lenders within the time period specified below:</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Equity Offerings</u>.
    Miller shall make, or shall cause each applicable Subsidiary to make, a
    prepayment from the Net Proceeds of any Equity Offering which constitutes
    &quot;Permitted Refinancing Stock&quot; as defined in the Senior Credit
    Agreement in an amount equal to 100% of such Net Proceeds. Each such
    prepayment shall be made within five (5) Business Days of receipt of such
    Net Proceeds and upon not less than three (3) Business Days&#146; written notice
    to the Agent, and shall include within one (1) Business Day of repayment a
    certificate of an Authorized Representative setting forth in reasonable
    detail the calculations utilized in computing the amount of the Net
    Proceeds.</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">22</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Debt Offerings</u>.
    Miller shall make, or shall cause each applicable Subsidiary to make, a
    prepayment in an amount equal to the Minimum Disposition Value of any asset
    or assets with respect to which the Agent (on behalf of itself and the
    Lenders) and each Senior Agent (on behalf of itself and the Senior Lenders
    and the Senior L/C Issuer) release the Lien in their favor in connection
    with any Debt Offering. Each such prepayment shall be made within five (5)
    Business Days of receipt of any Net Proceeds from such Debt Offering and
    upon not less than three (3) Business Days&#146; written notice to the Agent, and
    shall include within one (1) Business Day of repayment a certificate of an
    Authorized Representative setting forth in reasonable detail the
    calculations utilized in computing the amount of the Net Proceeds.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Asset Dispositions</u>.
    In the event of any Asset Disposition by Miller or any Subsidiary (other
    than Asset Dispositions in an amount not in excess of $100,000 which do not
    involve the sale of all or substantially all of the assets of any single
    Location), Miller shall make, or shall cause each applicable Subsidiary to
    make, a prepayment in connection with any Asset Disposition in an amount
    equal to the Minimum Disposition Value of the asset being disposed of, so
    long as Miller and its Subsidiaries maintain Excess Availability of greater
    than or equal to the Post-Disposition Availability Requirement after giving
    effect to such payment; <u>provided</u> if Miller and its Subsidiaries
    should fail to maintain Excess Availability of greater than or equal to the
    Post-Disposition Availability Requirement prior to making (and after giving
    effect to) any principal prepayment otherwise required as described above,
    Borrowers shall be required to make a partial prepayment equal to the
    maximum amount which would be allowable in order to cause Excess
    Availability to be equal to the Post-Disposition Availability Requirement.
    Each such prepayment shall be made within five (5) Business Days of receipt
    of any proceeds of such Asset Disposition and upon not less than three (3)
    Business Days&#146; written notice to the Agent, which notice shall include a
    certificate of an Authorized Representative setting forth in reasonable
    detail the calculations utilized in computing the amount of such prepayment.
    All unpaid amounts of any principal prepayments otherwise required to be
    paid but for the proviso at the end of the first sentence of this subsection
    (iii) shall be added to the amount of the next following scheduled principal
    payment under <u>Section 2.1</u> hereof, and shall be due and payable
    therewith, so long as the Consolidated Fixed Charge Coverage Ratio
    (calculated as described in <u>Section 2.1</u>), after giving effect to such
    scheduled payment (as increased hereby) is greater than or equal to 1.15 to
    1.00, and so long as Excess Availability, after giving effect to such
    scheduled payment (as increased hereby) is greater than or equal to the
    Post-Disposition Availability Requirement.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">All mandatory prepayments made
and allocable to the Term Loan Facility pursuant to this <u>Section 2.7</u>
shall be applied to the principal amount remaining outstanding under the Term
Loan (as adjusted to give effect to any prior payments or prepayments of
principal) and shall be accompanied by payment by the Borrowers of accrued and
unpaid interest on the amounts prepaid.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Use of Proceeds</u>. The
proceeds of the Loan shall be used by the Borrowers and Guarantors together with
the proceeds of the Senior Facility, to pay certain of the outstanding
indebtedness under the Existing Credit Facility, and for general working capital
needs, capital expenditures and other corporate purposes.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Commitment Fee; Warrants</u>.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If there are
    Outstandings on the first Business Day that occurs six (6) months, twelve
    (12) months, eighteen (18) months, or twenty-four (24) months after the
    Closing Date, the Borrowers agree to pay to the Agent, for the pro rata
    benefit of the Lenders based on their Applicable Commitment Percentages, on
    the Term Loan Termination Date a commitment fee equal to the Commitment Fee
    Rate for each such date multiplied by the total amount of Outstandings on
    each such date.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers agree to
    provide to the Lenders pursuant to the Warrant Agreement, based on their
    Applicable Commitment Percentages, exercisable stock warrants in form and
    substance satisfactory to the Agent and the Lenders (the
    &quot;Warrants&quot;), as follows:</font></p>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before the
        fifth Business Day one year after the Closing Date (the &quot;One-Year
        Anniversary&quot;), Warrants granting the number of shares of common
        stock of Miller equal to the <u>product</u> of (A) the aggregate
        outstanding principal balance of the Term Loans as of the One-Year
        Anniversary <u>divided by</u> the Total Commitment, <u>times</u> (B)
        0.5% of the number of outstanding shares of common stock of Miller as of
        the One-Year</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">23</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">Anniversary. The exercise price for the shares granted by
        such Warrants shall be equal to the average closing price of such shares
        on the New York Stock Exchange or other principal securities market on
        which such shares are then traded (the &quot;Exchange&quot;) for the
        twenty (20) consecutive trading days prior to the One-Year Anniversary,
        or if such shares are no longer listed on the Exchange, such price as is
        determined under the terms of the Warrant Agreement and the Warrants.
        Such Warrants must be exercised not later than seven (7) years after the
        Closing Date.</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or before the
        fifth Business Day two years after the Closing Date (the &quot;Two-Year
        Anniversary&quot;), Warrants granting the number of shares of common
        stock of Miller equal to the <u>product</u> of (A) the aggregate
        outstanding principal balance of the Term Loans as of the Two-Year
        Anniversary <u>divided by</u> the Total Commitment, <u>times</u> (B)
        1.5% of the number of outstanding shares of common stock of Miller as of
        the Two-Year Anniversary. The exercise price for the shares granted by
        such Warrants shall be equal to the average closing price of such shares
        on the Exchange for the twenty (20) consecutive trading days prior to
        the Two-Year Anniversary, or if such shares are no longer listed on the
        Exchange, such price as is determined under the terms of the Warrants.
        Such Warrants must be exercised not later than eight (8) years after the
        Closing Date.</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
        <p ALIGN="JUSTIFY">&nbsp;</p>
        <p ALIGN="JUSTIFY">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">24</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
        <p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p ALIGN="CENTER">&nbsp;</p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE III</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">Security</font></p>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Ratification of Existing
Security Instruments</u>. The Borrowers and Guarantors hereby acknowledge and
agree that the Obligations hereunder shall be and remain secured by the Liens
and security interests created or granted by the existing Security Instruments
for the benefit of the Agent and the Lenders, and shall remain perfected by the
existing filings and recordations made in favor of the Agent for the benefit of
the Lenders.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Assignment of Mortgage;
Intercompany Security Documents Assignment </u>. The Borrowers hereby agree to
execute and deliver or cause to be executed and delivered the Assignment of
Mortgage and the Intercompany Security Documents Assignment.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Guaranty</u>. The
Borrowers hereby agree to cause each hereafter acquired or created Domestic
Subsidiary to execute and deliver a Guaranty pursuant to the terms of <u>Section
7.19</u>. The Borrowers and the Guarantors further acknowledge and agree that
the Obligations hereunder shall be and remain guaranteed by the Guarantors under
the Guaranties executed by them pursuant to the Existing Credit Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Stock Pledge</u>. The
Borrowers hereby agree that they shall, and shall cause each applicable
Subsidiary to, execute and deliver a Pledge Agreement which shall pledge to the
Agent for the benefit of the Lenders (y) 100% (or such lesser percentage as such
Person shall own of any Partially-Owned Subsidiary) of the capital stock and
related interests and rights of any hereafter acquired or created Domestic
Subsidiary and (z) 65% (or such lesser percentage as such Person shall own) of
the Voting Stock of any hereafter acquired or created Direct Foreign Subsidiary,
in each case pursuant to the terms of <u>Section 7.19</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Security Interests</u>.
The Borrowers hereby agree to cause the Security Instruments to be delivered by
any hereafter acquired or created Domestic Subsidiary pursuant to the terms of <u>Section
7.19</u> hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Further Assurances</u>.
At the request of the Agent, the Borrowers will, and will cause each Subsidiary
to, execute by their respective duly authorized officers, alone or with the
Agent, any certificate, instrument, statement or document and will procure any
such certificate, instrument, statement or document (and pay all connected
costs) which the Agent reasonably deems necessary to create, continue or
preserve the Liens (and the perfection and priority thereof) of the Agent for
the benefit of the Lenders contemplated hereby and by the other Loan Documents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Intercreditor Matters</u>.
Each Lender from time to time party hereto, the Agent and the Borrowers hereby
consent to and agree with the terms of the Intercreditor Agreement and such
Lenders hereby (i) acknowledge and agree that each Obligation (including
Obligations arising with respect to the Guaranty) now existing or hereafter
arising and each Lien in all Collateral now owned or hereafter acquired and all
remedies available with respect to such Obligation or Collateral are subject to
the terms of the Intercreditor Agreement, and (ii) direct the Agent on their
behalf to enter into the Intercreditor Agreement and irrevocably consents to the
service by Bank of America in the capacity of Junior Agent and Senior Existing
Titled Collateral Agent under the terms of the Intercreditor Agreement and the
Senior Credit Agreement.</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE IV</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">Change in Circumstances</font></p>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Increased Cost and
Reduced Return</u>. (a) If, after the date hereof, any Lender shall have
determined that the adoption of any applicable law, rule or regulation regarding
capital adequacy or any change therein or in the interpretation or
administration thereof by any governmental authority, central bank or comparable
agency charged with the interpretation or administration thereof, or any request
or directive regarding capital adequacy (whether or not having the force of law)
of any such governmental authority, central bank or comparable agency, has or
would have the effect of reducing the rate of return on the capital of such
Lender or any corporation</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">25</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">controlling such Lender as a consequence of such
Lender&#146;s obligations hereunder to a level below that which such Lender or such
corporation could have achieved but for such adoption, change, request or
directive (taking into consideration its policies with respect to capital
adequacy), then from time to time upon demand the Borrowers shall pay to such
Lender such additional amount or amounts as will compensate such Lender for such
reduction.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Lender shall promptly
notify the Borrowers and the Agent of any event of which it has actual
knowledge, occurring after the date hereof, which will entitle such Lender to
compensation pursuant to this Section and will designate a different Lending
Office if such designation will avoid the need for, or reduce the amount of,
such compensation and will not, in the reasonable judgment of such Lender, be
otherwise disadvantageous to it. Any Lender claiming compensation under this
Section shall furnish to the Borrowers and the Agent a statement setting forth
the additional amount or amounts to be paid to it hereunder which shall be
conclusive in the absence of manifest error. In determining such amount, such
Lender may use any reasonable averaging and attribution methods. No Lender or
any parent corporation shall be entitled to receive compensation for amounts
incurred more than 180 days prior to delivery of such notice.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">4.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Taxes</u>.&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;Any and
all payments by the Borrowers to or for the account of any Lender or the Agent
hereunder or under any other Loan Document shall be made free and clear of and
without deduction for any and all present or future taxes, duties, levies,
imposts, deductions, charges or withholdings, and all liabilities with respect
thereto, <u>excluding</u>, in the case of each Lender and the Agent, taxes
imposed on its income, and franchise taxes imposed on it, by the jurisdiction
under the laws of which such Lender (or its Lending Office) or the Agent (as the
case may be) is organized or any political subdivision thereof, except
withholding taxes applicable to a Lender (all such non-excluded taxes, duties,
levies, imposts, deductions, charges, withholdings and liabilities being
hereinafter referred to as &quot;<u>Taxes</u>&quot;). If the Borrowers or the
Lender shall be required by law to deduct any Taxes from or in respect of any
sum payable under this Agreement or any other Loan Document to any Lender or the
Agent, (i) the sum payable shall be increased as necessary so that after making
all required deductions (including deductions applicable to additional sums
payable under this <u>Section 4.6</u>) such Lender or the Agent receives an
amount equal to the sum it would have received had no such deductions been made,
(ii) the Borrowers shall make such deductions, (iii) the Borrowers shall pay the
full amount deducted to the relevant taxation authority or other authority in
accordance with applicable law, and (iv) the Borrowers shall furnish to the
Agent, at its address referred to in <u>Section 10.2</u>, the original or a
certified copy of a receipt evidencing payment thereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the Borrowers
agree to pay any and all present or future stamp or documentary taxes and any
other excise or property taxes or charges or similar levies which arise from any
payment made under this Agreement or any other Loan Document or from the
execution or delivery of, or otherwise with respect to, this Agreement or any
other Loan Document (hereinafter referred to as &quot;<u>Other Taxes</u>&quot;).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers agree to
indemnify each Lender and the Agent for the full amount of Taxes and Other Taxes
(including, without limitation, any Taxes or Other Taxes imposed or asserted by
any jurisdiction on amounts payable under this <u>Section 4.6</u>) paid by such
Lender or the Agent (as the case may be) and any liability (including penalties,
interest and expenses) arising therefrom or with respect thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Lender organized under
the laws of a jurisdiction outside the United States, on or prior to the date of
its execution and delivery of this Agreement in the case of each Lender listed
on the signature pages hereof and on or prior to the date on which it becomes a
Lender in the case of each other Lender, and from time to time thereafter if
requested in writing by the Borrowers or the Agent (but only so long as such
Lender remains lawfully able to do so), shall provide the Borrowers and the
Agent with (a) if such Lender is a &quot;bank&quot; within the meaning of
Section 881(c)(3)(A) of the Code (i) Internal Revenue Service Form 1001 or 4224,
as appropriate, or any successor form prescribed by the Internal Revenue
Service, certifying that such Lender is entitled to benefits under an income tax
treaty to which the United States is a party which reduces the rate of
withholding tax on payments of interest or certifying that the income receivable
pursuant to this Agreement is effectively connected with the conduct of a trade
or business in the United States, (ii) Internal Revenue Service Form W-8 or W-9,
as appropriate, or any successor form prescribed by the Internal Revenue
Service, and (iii) any other form or certificate required by any taxing
authority (including any certificate required by Sections 871(h) and 881(c) of
the Code), certifying that such Lender is entitled to an exemption from or a
reduced rate of tax on payments pursuant to this Agreement or any of the other
Loan Documents or, (b) if such Lender is not a &quot;bank&quot; within the
meaning of Section</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">26</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">881(c)(3)(A) of the Code and which intends to claim exemption
from U.S. Federal withholding tax under Section 871(h) of 881(c) of the Code
with respect to payments of &quot;portfolio interest,&quot; a form W-8, or any
subsequent versions thereof or successors thereto (and, if such Lender delivers
a Form W-8, a certificate representing that such Lender is not a bank for
purposes of Section 881(c) of the Code, is not a 10-percent shareholder (within
the meaning of Section 871(h)(3)(B) of the Code) of either of the Borrowers and
is not a controlled foreign corporation related to either of the Borrowers
(within the meaning of Section 864(d)(4) of the Code)), properly completed and
duly executed by such Lender claiming complete exemption from, or a reduced rate
of, U.S. Federal withholding tax on payments of interest by the Borrowers under
this Agreement and the other Loan Documents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For any period with respect
to which a Lender has failed to provide the Borrowers and the Agent with the
appropriate form pursuant to <u>Section 4.6(d)</u> (unless such failure is due
to a change in treaty, law or regulation occurring subsequent to the date on
which a form originally was required to be provided), such Lender shall not be
entitled to indemnification under <u>Section 4.6(a) or 4.6(b)</u> with respect
to Taxes imposed by the United States; <u>provided</u>, <u>however</u>, that
should a Lender, which is otherwise exempt from or subject to a reduced rate of
withholding tax, become subject to Taxes because of its failure to deliver a
form required hereunder, the Borrowers shall take such steps as such Lender
shall reasonably request to assist such Lender to recover such Taxes at such
Lender&#146;s expense.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Borrowers are
required to pay additional amounts to or for the account of any Lender pursuant
to this <u>Section 4.2</u>, then such Lender will agree to use reasonable
efforts to change the jurisdiction of its Lending Office so as to eliminate or
reduce any such additional payment which may thereafter accrue if such change,
in the judgment of such Lender, is not otherwise disadvantageous to such Lender.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within thirty (30) days
after the date of any payment of Taxes, the Borrowers shall furnish to the Agent
evidence of such payment and the Agent shall provide a copy of such evidence to
the applicable Lender.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without prejudice to the
survival of any other agreement of the Borrowers hereunder, the agreements and
obligations of the Borrowers contained in this <u>Section 4.2</u> shall survive
the payment in full of the Notes.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">4.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Lending Office</u>.
Without affecting its rights under this <u>Article IV</u> or any other provision
of this Agreement, each Lender agrees that if there is any increase in cost to
or reduction in an amount receivable by such Lender with respect to which the
Borrowers would be obligated to compensate such Lender pursuant to this <u>Article
IV</u>, such Lender shall use reasonable efforts to elect an alternative lending
office (to the extent such Lender has available to it such an office) which
would not result in any such increase in any cost to or reduction in any amount
receivable by such Lender; <u>provided</u>, <u>however</u>, that no Lender shall
be obligated to select an alternative Lending Office if such Lender determines,
in its sole discretion, that (i) as a result of such selection such Lender would
be in violation of any applicable law, regulation, treaty or guideline, or would
incur additional costs or expenses or (ii) such selection would be inadvisable
for regulatory reasons or would impose an unreasonable burden or additional
costs on such Lender.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">27</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE V</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">Conditions to Making Loan</font></p>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">5.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Conditions of Making
Loan</u>. The obligations of the Lenders to make the Loan available are subject
to the conditions precedent that:</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Agent shall have
    received on or prior to the Closing Date, in form and substance satisfactory
    to the Agent and Lenders, the following:</font></p>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;executed originals
        of each of this Agreement, the Notes, the Guaranty, the Security
        Instruments, the Intercreditor Agreement and the other Loan Documents
        (other than the Warrants), together with all schedules and exhibits
        thereto;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the favorable
        written opinion or opinions with respect to the Loan Documents and the
        transactions contemplated thereby of counsel to the Loan Parties dated
        the Closing Date, addressed to the Agent and the Lenders and
        satisfactory to Smith Helms Mulliss &amp; Moore, L.L.P., special counsel
        to the Agent, substantially in the form of <u>Exhibit E</u> hereto;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;resolutions of the
        boards of directors or other appropriate governing body (or of the
        appropriate committee thereof) of each of the Loan Parties certified by
        its secretary or assistant secretary as of the Closing Date, approving
        and adopting the Loan Documents to be executed by such Person, and
        authorizing the execution and delivery thereof;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;specimen signatures
        of officers of each of the Loan Parties executing the Loan Documents on
        behalf of such Person, certified by the secretary or assistant secretary
        of such Person;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Organizational
        Documents of each of the Loan Parties other than Immaterial Subsidiaries
        certified as of a recent date by the Secretary of State of its state of
        organization;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Operating
        Documents of each of the Loan Parties certified as of the Closing Date
        as true and correct by its secretary or assistant secretary;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;certificates
        issued as of a recent date by the Secretaries of State of the respective
        jurisdictions of formation of each of the Loan Parties other than
        Immaterial Subsidiaries as to the due existence and good standing of
        such Person or the equivalent, if any, in foreign jurisdictions;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;appropriate
        certificates of qualification to do business, good standing and, where
        appropriate, authority to conduct business under assumed name, issued in
        respect of each of the Loan Parties other than Immaterial Subsidiaries
        as of a recent date by the Secretary of State or comparable official of
        each jurisdiction, if any, in which the failure to be qualified to do
        business or authorized so to conduct business could have a Material
        Adverse Effect;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;copies of all
        partnership, joint venture or other organizational agreements certified
        as true and complete by the Secretary or Assistant Secretary of the Loan
        Party party thereto;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;receipt and
        satisfactory review of final executed versions of all documents
        governing or evidencing the Senior Facility;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;receipt and
        satisfactory review of consolidated interim financial statements of
        Miller and its Subsidiaries as of April 30, 2001;</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">28</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;receipt and
        satisfactory review of all reports filed with the Securities and
        Exchange Commission pursuant to Section 13(a) or 15(d) of the Exchange
        Act since April 30, 2000;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;notice of
        appointment of the initial Authorized Representative(s);</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(xiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all schedules to
        the Credit Agreement and the other Loan Documents which shall be
        reviewed by and satisfactory to the Agent;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(xv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;evidence that all
        fees and expenses payable on the Closing Date by the Borrowers to the
        Agent and the Lenders in connection herewith and with the Existing
        Credit Agreement (except as otherwise provided by <u>Section 7.24</u>
        hereof) have been paid in full;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(xvi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uniform Commercial
        Code search results with respect to all Loan Parties other than
        Immaterial Subsidiaries showing only Permitted Liens;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(xvii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UCC-1 financing
        statements duly executed by the Borrowers and each Guarantor and
        applicable Subsidiary and in proper form for filing for all locations
        required by applicable law to perfect the Liens of the Agent and the
        Lenders under the Security Instruments as a first or second priority
        Lien (as applicable in accordance with the terms hereof and of the
        Intercreditor Agreement) as to items of Collateral in which a security
        interest may be perfected by the filing of financing statements and for
        which financing statements have not yet been filed to the Agent&#146;s
        satisfaction;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(xviii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;evidence
        satisfactory to the Agent that the Borrowers have entered into, together
        with all other parties thereto including the Senior Agents and the
        Senior Lenders, the Senior Credit Agreement, satisfactory in form and
        substance to the Agent and the Lenders, that all conditions precedent to
        the initial extensions of credit thereunder have been fulfilled (other
        than the effectiveness of this Agreement), and that proceeds thereof
        have been received by the Agent and the Lenders in an amount of
        $82,180,570.84 and applied to the repayments of outstanding Indebtedness
        of the Borrowers in favor of the Agent and the Lenders under the
        Existing Facility;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(xix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a certified copy
        of all Intercompany Security Documents, and such other documents,
        instruments, certificates and opinions (including opinions of foreign
        counsel with respect to the liens of Miller Towing under the
        Intercompany Security Documents, if required by the Agent) as the Agent
        or any Lender may reasonably request in connection with the above,
        including the due perfection of a first or second priority security
        interest (as applicable in accordance with the terms hereof and of the
        Intercreditor Agreement) in the Intercompany Security Documents; and</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(xx)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such other
        documents, instruments, certificates and opinions as the Agent or any
        Lender may reasonably request in connection with the consummation of the
        transactions contemplated hereby, including the due perfection of a
        first or second priority security interest (as applicable in accordance
        with the terms hereof and of the Intercreditor Agreement) in all
        Collateral;</font></p>
      </blockquote>
    </blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the good faith
    judgment of the Agent and the Lenders:</font></p>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There shall not have
        occurred or become known to the Agent or the Lenders any event,
        condition, situation or status since the date of the information
        contained in the financial and business projections, budgets, pro forma
        data and forecasts concerning Miller and its Subsidiaries delivered to
        the Agent prior to the making of the initial Loan that has had or could
        reasonably be expected to result in a Material Adverse Effect;</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">29</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No litigation,
        action, suit, investigation or other arbitral, administrative or
        judicial proceeding shall be pending or threatened that has had or could
        reasonably be expected to have a Material Adverse Effect on Miller or
        its Subsidiaries or on the ability of Miller and the other Loan Parties
        taken as a whole to perform their obligations under the Loan Documents;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Loan Parties
        shall have received all approvals, consents and waivers, and shall have
        made or given all necessary filings and notices as shall be required to
        consummate the transactions contemplated hereby without the occurrence
        of any default under, conflict with or violation of (A) any applicable
        law, rule, regulation, order or decree of any Governmental Authority or
        arbitral authority or (B) any agreement, document or instrument to which
        any of the Loan Parties is a party or by which any of them or their
        properties is bound; and</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There shall not
        have occurred or exist (A) an engagement in hostilities by the United
        States of America or other national or international emergency or
        calamity, (B) a general suspension of or material limitation on trading
        on the New York Stock Exchange or other national securities exchange,
        (C) the declaration of a general banking moratorium by any applicable
        Governmental Authority or the imposition by any applicable Governmental
        Authority of any material limitation on transactions of the type
        contemplated by the Loan Documents, or (D) any other material disruption
        of financial or capital markets that could reasonably be expected to
        adversely affect the transactions contemplated under the Loan Documents.</font></p>
        <p ALIGN="CENTER">&nbsp;</p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
        <p ALIGN="left" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">30</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
        <p ALIGN="left" style="text-indent: 0">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE VI</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">Representations and Warranties</font></p>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Each of the Borrowers represents
and warrants with respect to itself and to its Subsidiaries (which
representations and warranties shall survive the delivery of the documents
mentioned herein and the making of the Loan), that:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Organization and
Authority</u>.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miller and each
    Subsidiary is a corporation or other entity duly organized and validly
    existing under the laws of the jurisdiction of its formation;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miller and each
    Subsidiary (x) has the requisite power and authority to own its properties
    and assets and to carry on its business as now being conducted and as
    contemplated in the Loan Documents, and (y) is qualified to do business in
    every jurisdiction in which the conduct of its business or ownership of its
    assets requires it to be so qualified and in which the failure to so qualify
    would have a Material Adverse Effect;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Borrower has the
    power and authority to execute, deliver and perform this Agreement and the
    Notes, and to borrow hereunder, and to execute, deliver and perform each of
    the other Loan Documents to which it is a party;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor has the
    power and authority to execute, deliver and perform the Guaranty and each of
    the other Loan Documents to which it is a party; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;When executed and
    delivered, each of the Loan Documents to which any Loan Party is a party
    will be the legal, valid and binding obligation or agreement of such Loan
    Party, enforceable against such Loan Party in accordance with its terms,
    subject to the effect of any applicable bankruptcy, moratorium, insolvency,
    reorganization or other similar law affecting the enforceability of
    creditors&#146; rights generally and to the effect of general principles of
    equity (whether considered in a proceeding at law or in equity).</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Loan Documents</u>. The
execution, delivery and performance by each Loan Party of each of the Loan
Documents to which it is a party:</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;have been duly
    authorized by all requisite Organizational Action (including any required
    shareholder or partner approval) of such Loan Party required for the lawful
    execution, delivery and performance thereof;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;do not violate any
    provisions of (i) applicable law, rule or regulation, (ii) any judgment,
    writ, order, determination, decree or arbitral award of any Governmental
    Authority or arbitral authority binding on such Loan Party or any Subsidiary
    or its properties, or (iii) the Organizational Documents or Operating
    Documents of such Loan Party;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;does not and will not be
    in conflict with, result in a breach of or constitute an event of default,
    or an event which, with notice or lapse of time or both, would constitute an
    event of default, under any contract, indenture, agreement or other
    instrument or document to which such Loan Party or any Subsidiary is a
    party, or by which the properties or assets of such Loan Party are bound;
    and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except as provided in
    the Security Instruments, does not and will not result in the creation or
    imposition of any Lien upon any of the properties or assets of such Loan
    Party or any Subsidiary.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.3.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Solvency</u>. Each Loan
Party is Solvent after giving effect to the transactions contemplated by the
Loan Documents and the Senior Facility.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">31</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Subsidiaries and
Stockholders</u>. Miller has no Subsidiaries other than those Persons listed as
Subsidiaries in <u>Schedule 6.4</u> and additional Subsidiaries created or
acquired after the Closing Date in compliance with <u>Section 7.19</u>; <u>Schedule
6.4</u> states as of the date hereof the organizational form of each entity, the
authorized and issued capitalization of each Subsidiary listed thereon, the
number of shares or other equity interests of each class of capital stock or
interest issued and outstanding of each such Subsidiary and the number and/or
percentage of outstanding shares or other equity interest (including options,
warrants and other rights to acquire any interest) of each such class of capital
stock or other equity interest owned by Miller or by any such Subsidiary; the
outstanding shares or other equity interests of each such Subsidiary have been
duly authorized and validly issued and are fully paid and nonassessable; and
Miller and each such Subsidiary owns beneficially and of record all the shares
and other interests it is listed as owning in <u>Schedule 6.4</u>, free and
clear of any Lien other than Permitted Liens.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Ownership Interests</u>.
Miller owns no interest in any Person other than the Persons listed in <u>Schedule
6.4</u>, equity investments in Persons not constituting Subsidiaries permitted
under <u>Section 8.6</u> and additional Subsidiaries created or acquired after
the Closing Date in compliance with <u>Section 7.19</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Financial Condition</u>.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miller has heretofore
    furnished to each Lender (i) an audited consolidated balance sheet of Miller
    and its Subsidiaries as at April 30, 2000, and the notes thereto and the
    related consolidated statements of income, stockholders&#146; equity and cash
    flows for the Fiscal Year then ended as examined and certified by Arthur
    Andersen LLP and (ii) an unaudited consolidated interim balance sheet of
    Miller and its Subsidiaries as at April 30, 2001, and the notes thereto and
    the related consolidated statements of income and cash flows for the interim
    periods then ended. Except as set forth therein, such financial statements
    (including the notes thereto) present fairly the financial condition of
    Miller and its Subsidiaries as of the end of such Fiscal Year and interim
    period and results of their operations for the Fiscal Year and interim
    period then ended and the changes in its stockholders&#146; equity for the Fiscal
    Year then ended, all in conformity with GAAP applied on a Consistent Basis,
    subject however, in the case of unaudited interim statements to year end
    audit adjustments;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;since April 30, 2000,
    there has been no material adverse change in the condition, financial or
    otherwise, of Miller and its Subsidiaries taken as a whole or in the
    businesses, properties, performance, prospects or operations of Miller and
    its Subsidiaries taken as a whole, nor have such businesses or properties
    been materially adversely affected as a result of any fire, explosion,
    earthquake, accident, strike, lockout, combination of workers, flood,
    embargo or act of God; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except as set forth in
    the financial statements referred to in <u>Section 6.6(a)</u> or in <u>Schedule
    6.6</u> or permitted by <u>Section 8.4</u>, neither Miller nor any
    Subsidiary has incurred, other than in the ordinary course of business, any
    Indebtedness, Contingent Obligation or other commitment or liability which
    remains outstanding or unsatisfied.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Title to Properties</u>.
Miller and each of its Subsidiaries has title to all its real and personal
properties, subject to no transfer restrictions or Liens of any kind, except for
the transfer restrictions and Liens described in <u>Schedule 6.7</u> and
transfer restrictions and Liens permitted by <u>Section 8.3</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Taxes</u>. Miller and
each of its Subsidiaries has filed or caused to be filed all federal, state and
local tax returns which are required to be filed by it and, except for taxes and
assessments being contested in good faith by appropriate proceedings diligently
conducted and against which reserves reflected in the financial statements
described in <u>Section 6.6(a)</u> and satisfactory to Miller&#146;s independent
certified public accountants have been established, have paid or caused to be
paid all taxes as shown on said returns or on any assessment received by it, to
the extent that such taxes have become due and the failure of which would
reasonably be expected to have a Material Adverse Effect.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Other Agreements</u>. No
Loan Party nor any Subsidiary is</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">32</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a party to or subject to
    any judgment, order, decree, agreement, lease or instrument, or subject to
    other restrictions, which individually or in the aggregate could reasonably
    be expected to have a Material Adverse Effect;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in default in the
    performance, observance or fulfillment of any of the obligations, covenants
    or conditions contained in any agreement or instrument to which Miller or
    any Subsidiary is a party, which default has, or if not remedied within any
    applicable grace period could reasonably be expected to have, a Material
    Adverse Effect;&nbsp;or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a party to or bound by
    any agreement with any other Person (other than the Agent and the Lenders
    pursuant to this Agreement or any other Loan Document or the Senior Agents,
    the Senior Lenders and the Senior L/C Issuer pursuant to the Senior Credit
    Agreement and the Intercreditor Agreement) which
    prohibits, limits or restricts the ability of any Subsidiary to make any
    payments, directly or indirectly, to Miller by way of dividends, advances,
    repayments of loans or advances, or other returns on investments, or by any
    other agreement or arrangement which restricts the ability of any Subsidiary
    to make any payment, directly or indirectly, to Miller.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.10.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Litigation</u>. Except
as set forth in <u>Schedule 6.10</u>, there is no action, suit, investigation or
proceeding at law or in equity or by or before any governmental instrumentality
or agency or arbitral body pending, or, to the best knowledge of the Borrowers,
threatened by or against Miller or any Subsidiary or affecting Miller or any
Subsidiary or any properties or rights of Miller or any Subsidiary, which could
reasonably be expected to have a Material Adverse Effect. With respect to those
matters set forth on <u>Schedule 6.10</u>, the Borrowers believe that none of
the matters, individually or in the aggregate, will have a Material Adverse
Effect.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Margin Stock</u>. The
proceeds of the borrowings made hereunder will be used by the Borrowers only for
the purposes expressly authorized herein. None of such proceeds will be used,
directly or indirectly, for the purpose of purchasing or carrying any margin
stock or for the purpose of reducing or retiring any Indebtedness which was
originally incurred to purchase or carry margin stock or for any other purpose
which might constitute the Loan under this Agreement a &quot;purpose
credit&quot; within the meaning of said Regulation U or Regulation X (12 C.F.R.
Part 224) of the Board. Neither the Borrowers nor any agent acting in their
behalf has taken or will take any action which might cause this Agreement or any
of the documents or instruments delivered pursuant hereto to violate any
regulation of the Board or to violate the Exchange Act or the Securities Act of
1933, as amended, or any state securities laws, in each case as in effect on the
date hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Investment Company</u>.
No Loan Party nor any Subsidiary is an &quot;investment company,&quot; or an
&quot;affiliated person&quot; of, or &quot;promoter&quot; or &quot;principal
underwriter&quot; for, an &quot;investment company&quot;, as such terms are
defined in the Investment Company Act of 1940, as amended (15 U.S.C. &sec; 80a-1,
et seq.). The application of the proceeds of the Loan and repayment thereof by
the Borrowers and the performance by the Loan Parties of the transactions
contemplated by the Loan Documents will not violate any provision of said Act,
or any rule, regulation or order issued by the Securities and Exchange
Commission thereunder, in each case as in effect on the date hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Patents, Etc</u>.
Miller and each Subsidiary owns or has the right to use, under valid license
agreements or otherwise, all material patents, licenses, franchises, trademarks,
trademark rights, trade names, trade name rights, trade secrets and copyrights
necessary to or used in the conduct of its businesses as now conducted and as
contemplated by the Loan Documents, in all cases without known conflict with any
patent, license, franchise, trademark, trade secret, trade name, copyright,
other proprietary right of any other Person, which conflict is reasonably likely
to have a Material Adverse Effect.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>No Untrue Statement</u>.
Neither (a) this Agreement nor any other Loan Document or certificate or
document executed and delivered by or on behalf of Miller or any other Loan
Party in accordance with or pursuant to any Loan Document nor (b) any statement,
representation, or warranty provided to the Agent in connection with the
negotiation or preparation of the Loan Documents contains any misrepresentation
or untrue statement of material fact or omits to state a material fact
necessary, in light of the circumstance under which it was made, in order to
make any such warranty, representation or statement contained therein not
misleading.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">33</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>No Consents, Etc</u>.
Neither the respective businesses or properties of the Loan Parties or any
Subsidiary, nor any relationship among the Loan Parties or any Subsidiary and
any other Person, nor any circumstance in connection with the execution,
delivery and performance of the Loan Documents and the transactions contemplated
thereby, is such as to require a consent, approval or authorization of, or
filing, registration or qualification with, any Governmental Authority or any
other Person on the part of any Loan Party or any Subsidiary as a condition to
the execution, delivery and performance of, or consummation of the transactions
contemplated by the Loan Documents, or if so, such consent, approval,
authorization, filing, registration or qualification has been duly obtained or
effected, or shall have been obtained or effected prior to the Closing Date, as
the case may be, except for filings necessary to perfect the Liens on the
Collateral.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Employee Benefit Plans</u>.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miller, each ERISA
    Affiliate and each Subsidiary is in compliance with all applicable
    provisions of ERISA, the Code and the regulations and published
    interpretations thereunder and in compliance with all Foreign Benefit Laws
    and the regulations and published interpretations thereunder with respect to
    all Employee Benefit Plans, except for any required amendments for which the
    remedial amendment period as defined in Section 401(b) of the Code has not
    yet expired and except for failures to so comply that would not, in the
    aggregate, reasonably be expected to have a Material Adverse Effect. Each
    Employee Benefit Plan that is intended to be qualified under Section 401(a)
    of the Code has been determined, or Miller or such ERISA Affiliate or its
    Subsidiaries is in the process of obtaining a determination by the Internal
    Revenue Service, to be so qualified, each trust related to such Employee
    Benefit Plan has been determined to be exempt under Section 501(a) of the
    Code, and each Employee Benefit Plan subject to any Foreign Benefit Law has
    received the required approvals by any Governmental Authority regulating
    such Employee Benefit Plan. No material liability has been incurred by
    Miller or any ERISA Affiliate which remains unsatisfied for any taxes or
    penalties with respect to any Employee Benefit Plan or any Multiemployer
    Plan;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither Miller, any
    ERISA Affiliate nor any Subsidiary has (i) engaged in a nonexempt prohibited
    transaction described in Section 4975 of the Code or Section 406 of ERISA
    affecting any of the Employee Benefit Plans or the trusts created thereunder
    which could subject any such Employee Benefit Plan or trust to a material
    tax or penalty on prohibited transactions imposed under Code Section 4975 or
    ERISA, (ii) incurred any accumulated funding deficiency with respect to any
    Employee Benefit Plan, whether or not waived, or any other material
    liability to the PBGC which remains outstanding other than the payment of
    premiums and there are no premium payments which are due and unpaid, (iii)
    failed to make a required contribution or payment to a Multiemployer Plan
    which contributions or payments is in excess of $250,000 individually or in
    the aggregate with other such failed contribution or payment to a
    Multiemployer Plan, (iv) failed to make a required installment or other
    required material payment under Section 412 of the Code, Section 302 of
    ERISA or the terms of such Employee Benefit Plan, or (v) failed to make a
    required contribution or payment under, or otherwise failed to operate in
    material compliance with, any Foreign Benefit Law regulating any Employee
    Benefit Plan;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Termination Event has
    occurred or is reasonably expected to occur with respect to any Employee
    Benefit Plan, and neither Miller nor any ERISA Affiliate has incurred any
    unpaid withdrawal liability with respect to any Multiemployer Plan, which
    event or liability could reasonably be expected to have a Material Adverse
    Effect;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The present value of all
    vested accrued benefits under each Employee Benefit Plan which is subject to
    Title IV of ERISA or whose funding is regulated by any Foreign Benefit Law,
    did not, as of the most recent valuation date for each such plan, exceed the
    then current value of the assets of such Employee Benefit Plan allocable to
    such benefits;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the best of the
    Borrowers&#146; knowledge, each Employee Benefit Plan subject to Title IV of
    ERISA or the funding of which is regulated by any Foreign Benefit Law,
    maintained by Miller, any ERISA Affiliate or any Subsidiary, has been
    administered in accordance with its terms in all material respects and is in
    compliance in all material respects with all applicable requirements of
    ERISA, all Foreign Benefit Laws, and other applicable laws, regulations and
    rules;</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">34</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consummation of the
    Loan provided for herein will not involve any prohibited transaction under
    ERISA which is not subject to a statutory or administrative exemption; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No proceeding, claim,
    lawsuit and/or investigation exists or, to the best knowledge of the
    Borrowers after due inquiry, is threatened concerning or involving any
    Employee Benefit Plan, which, if adversely determined, could reasonably be
    expected to have a Material Adverse Effect.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>No Default</u>.
As of the date hereof, and after giving effect to the
consummation of this Agreement and the Senior Credit Agreement,
there does not exist any Default or Event of Default hereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Environmental Matters</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miller and each Subsidiary is in compliance with all applicable
Environmental Laws in all material respects and has been issued and currently
maintains or is pursuing all required federal, state, local and foreign permits,
licenses, certificates and approvals. Neither Miller nor any Subsidiary has been
notified of any pending or threatened action, suit, proceeding or investigation,
and neither Miller nor any Subsidiary is aware of any fact, which (i) calls into
question, or could reasonably be expected to call into question, compliance by
Miller or any Subsidiary with any Environmental Laws, (ii) which seeks, or could
reasonably be expected to form the basis of a meritorious proceeding to seek, to
suspend, revoke or terminate any license, permit or approval necessary for the
generation, handling, storage, treatment or disposal of any Hazardous Material
or the operation of Miller&#146;s or any Subsidiary&#146;s business or facility, (iii)
seeks to cause, or could reasonably be expected to form the basis of a
meritorious proceeding to cause, any property of Miller or any Subsidiary to be
subject to any restrictions on ownership, use, occupancy or transferability
under any Environmental Law, or (iv) constitutes a reasonable basis to conclude
that Miller or a Subsidiary is a potentially responsible party with regard to
any release or threatened release of a Hazardous Material, which in any of the
foregoing instances could reasonably be expected to have a Material Adverse
Effect; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither Miller nor any
Subsidiary, nor, to the best of the Borrowers&#146; knowledge, any previous owner or
operator of any real property owned or operated by Miller or any Subsidiary or
any other Person, has managed, generated, stored, released, treated, or disposed
of any Hazardous Material on any portion of such property, or transferred or
caused to be transferred any Hazardous Material from such property to any other
location except in compliance in all material respects with all Environmental
Laws. Except for Hazardous Materials necessary for the routine maintenance of
the properties owned or operated by Miller and its Subsidiaries or as brought on
to such properties in the ordinary course of Miller&#146;s or such Subsidiary&#146;s
business, which Hazardous Material shall be used in accordance with all
applicable Environmental Laws, the Borrowers covenant that they shall, and shall
cause each Subsidiary to, not permit any Hazardous Materials to be brought on to
the real property owned or operated by Miller and its Subsidiaries, or if so
brought or found located thereon, shall be immediately removed, with proper
disposal, and all environmental cleanup requirements shall be diligently
undertaken pursuant to all Environmental Laws.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Employment Matters</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as set forth in <u>Schedule 6.19</u>, none of the employees of Miller
or any Subsidiary is subject to any collective bargaining agreement and there
are no strikes, work stoppages, election or decertification petitions or
proceedings, unfair labor charges, equal opportunity proceedings, or other
material labor/employee related controversies or proceedings pending or, to the
best knowledge of the Borrowers, threatened against Miller or any Subsidiary or
between Miller or any Subsidiary and any of its employees, other than (in each
of the foregoing cases) employee grievances arising in the ordinary course of
business which could not reasonably be expected, individually or in the
aggregate, to have a Material Adverse Effect; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except to the extent a
failure to maintain compliance would not have a Material Adverse Effect, Miller
and each Subsidiary is in compliance in all respects with all applicable laws,
rules and regulations pertaining to labor or employment matters, including
without limitation those pertaining to wages, hours, occupational safety and
taxation and there is no pending or, to the knowledge of the Borrowers,
threatened, litigation, administrative proceeding or investigation, in respect
of such matters which, if decided adversely, could reasonably be likely,
individually or in the aggregate, to have a Material Adverse Effect;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Perfected Security
Instruments</u>. At all times after execution and delivery of each Pledge
Agreement by the Pledgor thereunder and satisfaction of the conditions set forth
in <u>Section 5.1</u>, the security interests</font></p>
<p ALIGN="left">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">35</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left"><font face="Times New Roman"> created in favor of the Agent for
the benefit of the Lenders under the Pledge Agreements will constitute valid,
perfected security interests in the Pledged Stock, subject to no other Liens
other than Permitted Liens.</font></p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">36</font></p>
<hr color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE VII</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">Affirmative Covenants</font></p>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Until the Facility Termination
Date, unless the Required Lenders shall otherwise consent in writing, the
Borrowers will, and where applicable will cause each Subsidiary to:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Financial Reports, Etc</u>.&nbsp;&nbsp;(a)&nbsp;&nbsp; As soon as practical and in any event within 90 days after the end of each
Fiscal Year of Miller, deliver or cause to be delivered to the Agent and each
Lender (i) consolidated balance sheets of Miller and its Subsidiaries as at the
end of such Fiscal Year, and the notes thereto, and the related consolidated
statements of income, stockholders&#146; equity and cash flows, and the respective
notes thereto, for such Fiscal Year, setting forth comparative financial
statements for the preceding Fiscal Year, all prepared in accordance with GAAP
applied on a Consistent Basis and containing opinions of Arthur Andersen LLP, or
other such independent certified public accountants selected by Miller and
approved by the Agent, which are unqualified as to the scope of the audit
performed and as to the &quot;going concern&quot; status of Miller and its
Subsidiaries and without any exception not acceptable to the Required Lenders (<u>provided</u>
the requirements of this subsection are not intended to limit any additional
reporting requirements contained in <u>Section 2.1</u>), and (ii) a certificate
of an Authorized Representative demonstrating compliance with <u>Sections 8.1</u>
and <u>8.4</u>, which certificate shall be in the form of <u>Exhibit F</u>;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as soon as practical and in
any event within 45 days after the end of each fiscal quarter (except the last
fiscal quarter of the Fiscal Year), deliver to the Agent and each Lender (i)
consolidated balance sheets of Miller and its Subsidiaries as at the end of such
fiscal quarter, and the related consolidated statements of income and
stockholders&#146; equity and cash flows for such fiscal quarter and for the period
from the beginning of the then current Fiscal Year through the end of such
reporting period, and accompanied by a certificate of an Authorized
Representative to the effect that such financial statements present fairly the
financial position of Miller and its Subsidiaries as of the end of such fiscal
period and the results of their operations and the changes in their financial
position for such fiscal period, in conformity with the standards set forth in
GAAP with respect to interim financial statements, and (ii) a certificate of an
Authorized Representative containing computations for such quarter comparable to
that required pursuant to <u>Section 7.1(a)(ii)</u>;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;together with each delivery
of the financial statements required by <u>Section 7.1(a)(i)</u>, deliver to the
Agent and each Lender a letter from Miller&#146;s accountants specified in <u>Section
7.1(a)(i)</u> stating that in performing the audit necessary to render an
opinion on the financial statements delivered under <u>Section 7.1(a)(i)</u>,
they obtained no knowledge of any Default or Event of Default by the Borrowers
in the fulfillment of the terms and provisions of this Agreement insofar as they
relate to financial matters (which at the date of such statement remains
uncured); or if the accountants have obtained knowledge of such Default or Event
of Default, a statement specifying the nature and period of existence thereof;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as soon as practical and in
any event within thirty (30) days after the end of each month, deliver to the
Agent and each Lender current monthly cash flow projections and borrowing
projections under the Senior Facility through the Facility Termination Date;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly upon their becoming
available to Miller, deliver to the Agent and each Lender a copy of (i) all
regular or special reports or effective registration statements which Miller or
any Subsidiary shall file with the Securities and Exchange Commission (or any
successor thereto) or any securities exchange, (ii) any proxy statement
distributed by Miller or any Subsidiary to its shareholders, bondholders or the
financial community in general, and (iii) any management letter or other report
submitted to Miller or any Subsidiary by independent accountants in connection
with any annual, interim or special audit of Miller or any Subsidiary;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly deliver or cause to
be delivered to the Agent written notice of any event which constitutes or which
with the passage of time or giving of notice or both would constitute a default
or event of default under any Material Contract to which Miller or any of its
Subsidiaries is a party or by which Miller or any Subsidiary thereof or any of
their respective properties may be bound;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman">37</font></p>
<hr color="#000080">
<p ALIGN="left" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;promptly, from time to time,
deliver or cause to be delivered to the Agent such other information regarding
Miller&#146;s and any Subsidiary&#146;s operations, business affairs and financial
condition as the Agent may reasonably request; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as soon as practical and in
any event within thirty (30) days after the end of each month, such financial
information as shall be required by Agent and Lenders in their reasonable
discretion.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The Agent and the Lenders are
hereby authorized to deliver a copy of any such financial or other information
delivered hereunder to the Lenders (or any affiliate of any Lender) or to the
Agent, to any Governmental Authority having jurisdiction over the Agent or any
of the Lenders pursuant to any written request therefor or in the ordinary
course of examination of loan files, or, <u>subject to Section 11.1(f)</u>, to
any other Person who shall acquire or consider the assignment of, or acquisition
of any participation interest in, any Obligation permitted by this Agreement <u>provided</u>
that notice is given to Miller if such information is delivered to a Person not
enumerated herein.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Maintain Properties</u>.
Maintain all properties necessary to its operations in good working order and
condition, ordinary wear and tear excepted, make all needed repairs,
replacements and renewals to such properties, and maintain free from Liens
(other than Permitted Liens) all trademarks, trade names, patents, copyrights,
trade secrets, know-how, and other intellectual property and proprietary
information (or adequate licenses thereto), in each case as are necessary to
conduct its business as currently conducted or as contemplated hereby, all in
accordance with customary and prudent business practices.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Existence,
Qualification, Etc</u>. Except as otherwise expressly permitted under <u>Section
8.7</u>, do or cause to be done all things necessary to preserve and keep in
full force and effect its existence and all material rights and franchises, and,
except to the extent conveyed in connection with a transaction permitted under <u>Section
8.5</u> hereof, maintain its license or qualification to do business as a
foreign corporation and good standing in each jurisdiction in which its
ownership or lease of property or the nature of its business makes such license
or qualification necessary and in which the failure to have such licenses or
qualifications could reasonably be expected to have a Material Adverse Effect.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Regulations and Taxes</u>.
Comply in all material respects with or contest in good faith all statutes and
governmental regulations and pay all taxes, assessments, governmental charges,
claims for labor, supplies, rent and any other obligation which, if unpaid,
would become a Lien against any of its properties except liabilities being
contested in good faith by appropriate proceedings diligently conducted and
against which adequate reserves acceptable to Miller&#146;s independent certified
public accountants have been established unless and until any Lien resulting
therefrom attaches to any of its property and becomes enforceable against its
creditors.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Insurance</u>. (a) Keep
all of its insurable properties adequately insured at all times with responsible
insurance carriers against loss or damage by fire and other hazards, (b)
maintain general public liability insurance at all times with responsible
insurance carriers against liability on account of damage to persons and
property and (c) maintain insurance under all applicable workers&#146; compensation
laws (or in the alternative, maintain required reserves if self-insured for
workers&#146; compensation purposes) and against loss by reason of business
interruption, such policies of insurance to have such limits, deductibles,
exclusions, co-insurance and other provisions providing no less coverages than
are maintained by similar businesses that are similarly situated and shall be in
form reasonably satisfactory to the Agent and as of the Closing Date are
generally described in <u>Schedule 7.5</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>True Books</u>. Keep
true books of record and account in which full, true and correct entries will be
made of all of its dealings and transactions, and set up on its books such
reserves as may be required by GAAP with respect to doubtful accounts and all
taxes, assessments, charges, levies and claims and with respect to its business
in general, and include such reserves in interim as well as year-end financial
statements.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Right of Inspection</u>.
Permit any representative designated by the Agent or any Lender to visit and
inspect any of the properties, corporate books and financial reports of Miller
or any Subsidiary and to discuss its affairs, finances and accounts with its
principal officers and independent certified public accountants, all at
reasonable times, at reasonable intervals and with reasonable prior notice and
permit any Lender to discuss either Borrower&#146;s affairs, finances and accounts
with its principal officers and its independent accountants, all at reasonable
times, at reasonable intervals and with reasonable prior notice.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman">38</font></p>
<hr color="#000080">
<p ALIGN="left" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Observe all Laws</u>.
Conform to and duly observe in all material respects all laws, rules and
regulations and all other valid requirements of any Governmental Authority with
respect to the conduct of its business.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Governmental Licenses</u>.
Obtain and maintain all licenses, permits, certifications and approvals of all
applicable Governmental Authorities as are required for the conduct in all
material respects of its business as currently conducted and as contemplated by
the Loan Documents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Covenants Extending to
Other Persons</u>. Cause each of its Subsidiaries to do with respect to itself,
its business and its assets, each of the things required of Borrowers in <u>Sections
7.2</u> through <u>7.9</u>, <u>7.18</u>, <u>7.19</u> and <u>7.20</u> inclusive;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Officer&#146;s Knowledge of
Default</u>. Upon any Authorized Representative or the General Counsel of Miller
obtaining knowledge of any Default or Event of Default hereunder or under any
other obligation of Miller or any Subsidiary to any Lender, or any event,
development or occurrence which could reasonably be expected to have a Material
Adverse Effect, cause such officer or an Authorized Representative promptly to
notify the Agent of the nature thereof, the period of existence thereof, and
what action Miller or such Subsidiary proposes to take with respect thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Suits or Other
Proceedings</u>. Upon any Authorized Representative or the General Counsel of
Miller obtaining knowledge of any litigation or other proceedings being
instituted against Miller or any Subsidiary or any attachment, levy, execution
or other process being instituted against any assets of Miller or any
Subsidiary, making a claim or claims which could reasonably be expected to
result in damages in an aggregate amount greater than $5,000,000 not otherwise
covered by insurance, or could reasonably be expected to have a Material Adverse
Effect, cause such officer or an Authorized Representative promptly to deliver
to the Agent written notice thereof stating the nature and status of such
litigation, dispute, proceeding, levy, execution or other process.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Notice of Environmental
Complaint or Condition</u>. Promptly provide to the Agent true, accurate and
complete copies of any and all notices, complaints, orders, directives, claims,
or citations received by Miller or any Subsidiary relating to any (a) violation
or alleged violation by Miller or any Subsidiary of any applicable Environmental
Law; (b) release or threatened release by Miller or any Subsidiary, or at any
facility or property owned or leased or operated by Miller or any Subsidiary, or
by any Person handling, transporting, or disposing of any Hazardous Material on
behalf of Miller or any Subsidiary, of any Hazardous Material, except where
occurring legally; or (c) liability or alleged liability of Miller or any
Subsidiary for the costs of cleaning up, removing, remediating or responding to
a release of Hazardous Materials, which in any of the foregoing instances could
reasonably be expected to have a Material Adverse Effect.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Environmental
Compliance</u>. If Miller or any Subsidiary shall receive any letter, notice,
complaint, order, directive, claim or citation alleging that Miller or any
Subsidiary has violated any Environmental Law, has released or is about to
release any Hazardous Material or is liable for the costs of cleaning up,
removing, remediating or responding to a release of Hazardous Materials, which
in any of the foregoing instances could reasonably be expected to have a
Material Adverse Effect, Miller shall provide prompt written notice thereof to
the Agent describing in reasonable detail the nature of the matter and what
action Miller or the applicable Subsidiary proposes to take with respect thereto
and shall, within the time period permitted by the applicable Environmental Law
or the Governmental Authority responsible for enforcing such Environmental Law,
either (i) remove or remedy, or cause the applicable Subsidiary to remove or
remedy, such violation or release or satisfy such liability or (ii) contest in
good faith such violation so long as no remedial action shall be required to be
taken during the period of such contest.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Indemnification</u>.
Without limiting the generality or application of <u>Section 11.9</u>, the
Borrowers hereby agree to indemnify and hold the Agent, the Lenders, and their
respective officers, directors, employees and agents, harmless from and against
any and all claims, losses, penalties, liabilities, damages and expenses
(including assessment and cleanup costs and reasonable attorneys&#146;, consultants&#146;
or other experts&#146; fees and disbursements) arising directly or indirectly from,
out of or by reason of (a) the violation or alleged violation of any
Environmental Law by Miller or any Subsidiary or with respect to any property
owned, operated or leased by Miller or any Subsidiary or (b) the use,
generation, handling, storage, transportation, treatment, emission, release,
discharge or disposal of any</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman">39</font></p>
<hr color="#000080">
<p ALIGN="left" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">Hazardous Materials by or on behalf of Miller or
any Subsidiary or on or with respect to property owned or leased or operated by
Miller or any Subsidiary; <u>provided</u>, <u>however</u>, no party shall be
entitled to indemnification hereunder to the extent that any such liability
resulted directly from such party&#146;s gross negligence or willful misconduct. The
provisions of this <u>Section 7.15</u> shall survive the Facility Termination
Date and expiration or termination of this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Further Assurances</u>.
At the Borrowers&#146; cost and expense, upon request of the Agent, duly execute and
deliver or cause to be duly executed and delivered, to the Agent such further
instruments, documents, certificates, financing and continuation statements, and
do and cause to be done such further acts that may be reasonably necessary or
advisable in the reasonable opinion of the Agent to carry out more effectively
the provisions and purposes of this Agreement and the other Loan Documents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Employee Benefit Plans</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With reasonable promptness,
and in any event within thirty (30) days thereof, give notice to the Agent of (i)
the establishment of any new Employee Benefit Plan (which notice shall include a
summary of such plan), (ii) the commencement of contributions to any Employee
Benefit Plan to which Miller, any of its ERISA Affiliates or any of its
Subsidiaries was not previously contributing, (iii) any material increase in the
benefits of any existing Employee Benefit Plan, (iv) each funding waiver request
filed with respect to any Employee Benefit Plan and all communications received
or sent by Miller, any ERISA Affiliate or any Subsidiary with respect to such
request and (v) the failure of Miller or any ERISA Affiliate or any Subsidiary
to make a required installment or payment under Section 302 of ERISA or Section
412 of the Code (in the case of Employee Benefit Plans regulated by the Code or
ERISA) or any Foreign Benefit Law (in the case of any Employee Benefit Plan
regulated by any Foreign Benefit Law) by the due date, provided that Miller and
its Subsidiaries shall not be required to give any notice specified in this <u>Section
7.17(a)(v)</u> unless it relates to any required installment or payment which
could reasonably be expected to result in a liability of $250,000 or more
individually or when aggregated with other similar failures to make such
payments;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly and in any event
within fifteen (15) days of becoming aware of the occurrence or forthcoming
occurrence of any (a) Termination Event or (b) nonexempt &quot;prohibited
transaction,&quot; as such term is defined in Section 406 of ERISA or Section
4975 of the Code, in connection with any Pension Plan or any trust created
thereunder, deliver to the Agent a notice specifying the nature thereof, what
action Miller, any ERISA Affiliate or any Subsidiary has taken, is taking or
proposes to take with respect thereto and, when known, any action taken or
threatened by the Internal Revenue Service, the Department of Labor, the PBGC or
any other Governmental Authority with respect thereto. Notwithstanding anything
in this <u>Section 7.17(b)</u> to the contrary, Miller and its Subsidiaries
shall not be required to give any notice specified herein unless it relates to
an Termination Event or nonexempt &quot;prohibited transaction&quot; which could
reasonably be expected to result in a liability of $250,000 or more individually
or when aggregated with other similar events which would require notice under
this Section; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With reasonable promptness
but in any event within fifteen (15) days for purposes of clauses (i), (ii) and
(iii), deliver to the Agent copies of (i) any unfavorable determination letter
from the Internal Revenue Service regarding the qualification of an Employee
Benefit Plan under Section 401(a) of the Code, (ii) all notices received by
Miller or any ERISA Affiliate or any Subsidiary of the PBGC&#146;s or any
Governmental Authority&#146;s intent to terminate any Employee Benefit Plan or to
have a trustee appointed to administer any Pension Plan, (iii) each Schedule B
(Actuarial Information) to the annual report (Form 5500 Series) filed by Miller
or any ERISA Affiliate with the Internal Revenue Service with respect to each
Employee Benefit Plan and (iv) all notices received by Miller or any ERISA
Affiliate from a Multiemployer Plan sponsor concerning the imposition or amount
of withdrawal liability pursuant to Section 4202 of ERISA. Miller will notify
the Agent in writing within five (5) Business Days of Miller or any ERISA
Affiliate obtaining knowledge or reason to know that Miller or any ERISA
Affiliate has filed or intends to file a notice of intent to terminate any
Pension Plan under a distress termination within the meaning of Section 4041(c)
of ERISA. Notwithstanding anything in this Section to the contrary, Miller and
its Subsidiaries shall not be required to give any notice specified herein
unless it relates to an event that could reasonably be expected to result in a
liability of $250,000 or more individually or when aggregated with other similar
events which would require notice under this Section.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman">40</font></p>
<hr color="#000080">
<p ALIGN="left" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Continued Operations</u>.
Except as permitted under <u>Section 8.7</u> or <u>Section 8.12</u>, continue at
all times to conduct its business and engage principally in the same or
complementary line or lines of business substantially as heretofore conducted.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Additional Support
Documents</u>.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within fifteen (15) days
    after the end of each fiscal quarter, with respect to each Domestic
    Subsidiary acquired or created during such fiscal quarter cause to be
    delivered to the Agent for the benefit of the Lenders each of the following:</font></p>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a Guaranty executed
        by each such Domestic Subsidiary substantially similar to the Guaranty
        Agreement delivered by the existing Domestic Subsidiaries;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a Security
        Agreement of such Domestic Subsidiary substantially similar to the
        Security Agreement delivered by the existing Domestic Subsidiaries,
        together with such Uniform Commercial Code financing statements on Form
        UCC-1 or otherwise duly executed by such Domestic Subsidiary as
        &quot;Debtor&quot; and naming the Agent for the benefit of the Agent and
        the Lenders as &quot;Secured Party,&quot; in form, substance and number
        sufficient in the reasonable opinion of the Agent and its special
        counsel to be filed in all Uniform Commercial Code filing offices in all
        jurisdictions in which filing is necessary or advisable to perfect in
        favor of the Agent for the benefit of the Agent and the Lenders the Lien
        on Collateral conferred under such Security Instrument to the extent
        such Lien may be perfected by Uniform Commercial Code filing;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a Pledge Agreement
        executed by each such Domestic Subsidiary&#146;s stockholders substantially
        similar to the Pledge Agreement delivered by the existing Domestic
        Subsidiaries, as applicable, pledging 100% (or such lesser percentage as
        such Person shall own of any Partially-Owned Subsidiary) of the capital
        stock and related interests and rights of such Domestic Subsidiary, or
        other comparable instrument pledging or assigning to the Agent for the
        benefit of the Lenders all of the equity, membership or partnership
        interest of such Domestic Subsidiary;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;stock certificates
        representing 100% of the capital stock and related interests and rights
        of each such Domestic Subsidiary, or other appropriate evidence of
        ownership of 100% of the equity, membership or partnership interest of
        each such Domestic Subsidiary, in each case together with duly executed
        stock powers or powers of assignment in blank affixed thereto (but such
        certificates and related powers shall be delivered to the Senior
        Collateral Agent so long as the Senior Facility is in effect),
        or in the case that any such Domestic Subsidiary is a partnership or
        other entity that has not issued certificates evidencing ownership of
        such partnership or other entity, the Collateral Assignment of Interests
        and Certificate and Receipt of Registrar of such entity with respect to
        the registration of the Lien on Assigned Interests so long as such
        assignment is not prohibited by the Governing Documents of such entity;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an opinion of
        counsel to each such Domestic Subsidiary dated as of the date of
        delivery of the Guaranty, Security Agreement, Pledge Agreement, and
        other Loan Documents provided for in this <u>Section 7.19(a)</u> and
        addressed to the Agent and the Lenders, in form and substance
        substantially identical to the opinion of counsel delivered pursuant to <u>Section
        5.1(a)(ii)</u> on the Closing Date (including opinions covering the
        Security Agreement and the validity and perfection of the liens created
        thereunder), with respect to each Loan Party which is party to any Loan
        Document which such newly acquired or created Subsidiary is required to
        deliver or cause to be delivered pursuant to this <u>Section 7.19(a)</u>;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;current copies of
        the Organizational Documents and Operating Documents of each such
        Domestic Subsidiary, minutes of duly called and conducted meetings (or
        duly effected consent actions) of the Board of Directors, partners, or
        appropriate committees thereof (and, if required by such Organizational
        Documents or Operating Documents, of the shareholders) of such Domestic
        Subsidiary authorizing the actions and the execution and delivery of
        documents described in this <u>Section 7.19(a)</u>; and</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman">41</font></p>
<hr color="#000080">
<p ALIGN="left" style="text-indent: 0">&nbsp;</p>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such other
        documents and agreements as may be reasonably requested by the Agent,
        including but not limited to (A) an agreement or instrument granting
        power of attorney to VINtek, and (B) if the Senior Facility is no longer
        in effect, a lockbox agreement or blocked account agreement in favor of
        the Agent, and any documents related thereto, in form and substance
        satisfactory to the Agent.</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Subsidiary Support of
Permitted Indebtedness</u>. So long as not prohibited by law, and subject to the
terms and conditions of the Intercreditor Agreement, Miller and each Subsidiary
shall cause each of their Subsidiaries to make cash payments, directly or
indirectly, to the Borrowers by way of dividends, advances, repayments of loans
or advances, or other returns on investments, or by way of any other arrangement
such that the Borrowers shall have the ability to satisfy all interest and
principal payments required under the terms of this Agreement or any other Loan
Document and under the terms of any other Permitted Indebtedness.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Opinions of Foreign
Counsel</u>. If requested by the Agent, with respect to each Direct Foreign
Subsidiary that constitutes a Material Foreign Subsidiary at any time after the
date hereof, deliver to the Agent a written opinion of foreign counsel in form
and substance satisfactory to the Agent with respect to each Loan Party which is
party to any Loan Document.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Additional Collateral
Documents; Audit</u>.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Within sixty (60)
    days</u> after (a) the acquisition by a Borrower or any Guarantor of any
    real property or (b) the lease to or by a Borrower or any Guarantor of any
    real property described in clause (xi), the Borrowers shall deliver, or
    shall cause the appropriate Guarantor to deliver, to the Agent the items
    listed in clauses (i) through (ix), as applicable, with respect to such real
    property or lease, to the satisfaction of the Agent (but only clauses (viii)
    and (ix) shall apply in the case of leased real property unless such
    property is subject to a Lien in favor of the Senior Collateral Agent):</font></p>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgages, Deeds of
        Trust or other similar documentation necessary to grant to the Agent for
        the benefit of the Agent and the Lenders a lien on the real property
        owned by each Borrower and each Guarantor (collectively, the
        &quot;Mortgages&quot;) (subject only to Permitted Liens);</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgagee title
        insurance policies from a title insurance company satisfactory to the
        Agent covering the Mortgages, in each case indicating the liens of the
        Mortgages are a second lien priority behind only the Senior Collateral
        Agent (for the benefit of itself and the Senior Lenders) (subject only
        to Permitted Liens), containing no exceptions to coverage not acceptable
        to the Agent and providing a revolving credit endorsement and other
        endorsements required by Agent for such policy;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Surveys for each
        of the properties covered by the Mortgages;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certification as to
        whether the location of each property is within any &quot;special flood
        hazard&quot; area within the meaning of the Federal Flood Disaster
        Protection Act of 1973;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appraisals from a
        certified Appraiser selected by the Borrowers and acceptable to the
        Agent for each of the properties covered by the Mortgages;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Environmental
        Reports on all real property covered by a Mortgage from an environmental
        firm satisfactory to Agent showing no environmental hazards with respect
        to such real property;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal opinions
        from local counsel for the Borrowers with respect to the documents
        executed and delivered under this <u>Section 7.22</u> and the perfection
        of the liens created thereby in form and substance satisfactory to the
        Agent;</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman">42</font></p>
<hr color="#000080">
<p ALIGN="left" style="text-indent: 0">&nbsp;</p>
        <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance
        policies or Certificates of Insurance, as the Agent may require,
        evidencing compliance by the Borrowers with the insurance requirements
        of this Agreement and the Security Instruments with respect to the
        properties covered by the Mortgages;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any improvements
        (existing or proposed) on the real property covered by the Mortgages are
        or will be located in an area identified by the U.S. Department of
        Housing and Urban Development as an area having &quot;special flood
        hazards,&quot; Borrowers shall furnish flood insurance acceptable to the
        Agent in an amount not less than the appraised value of the real
        property to be insured or if no appraisal for such property shall be
        obtained, in an amount acceptable to the&nbsp;Agent;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UCC-11 search
        reports no older than thirty (30) days from the appropriate UCC filing
        office in the states where the Borrowers and Guarantors are doing
        business showing no liens or security interests on any assets of the
        Borrowers or Guarantors other than Permitted Liens;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to
        each leased location on which inventory (other than motor vehicles) or
        equipment (other than motor vehicles) in an amount deemed material by
        the Agent is located, an Assignment of Leases with respect to all real
        property owned by a Borrower or Guarantor and leased to others and all
        real property not owned by a Borrower or Guarantor and leased to a
        Borrower or Guarantor, together with, (i) on a reasonable efforts basis
        by Borrowers and Guarantors, a Landlord Consent, Waiver and Estoppel
        Certificate (in form and substance satisfactory to the Agent and the
        Lenders) executed by each landlord or tenant as applicable, and (ii)
        local counsel opinions covering perfection of liens in jurisdictions in
        which the Agent deems necessary;</font></p>
      </blockquote>
    </blockquote>
    <u>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">provided</font></u><font face="Times New Roman">
    that with respect to any real property which has a net book value of less
    than $150,000 (computed by aggregating the value of all contiguous or
    near-contiguous properties which together constitute a single functional
    unit), (A) the Borrowers shall not be required to deliver those items listed
    in clauses (ii), (iii), (v) and (vi), and (B) the Borrowers shall deliver to
    the Agent such documents and instruments as requested by the Agent to
    evidence that title to such property is held by a Borrower or Subsidiary and
    any exceptions to such title, including deeds and existing title insurance
    policies.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Certificate of Title
    Property</u>. The Borrowers agree that each will deliver, and will cause
    each Guarantor to deliver, the following, in the time periods specified
    therefor:</font></p>
    <blockquote>
      <blockquote>
                <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Within
                twenty (20) days</u> after the acquisition by a Borrower or any
                Subsidiary which is a party to a Security Agreement of any
                Certificate of Title Property acquired after the date hereof,
                the Borrowers will, and where applicable will cause each
                Subsidiary to: (a) execute such certificate of title as may be
                required to indicate the security interest of the Agent thereon;
                (b) complete and execute any applications for notation of the
                Agent&#146;s security interest or other comparable forms required by
                the applicable state&#146;s law in conjunction with the executed
                certificates of title in order to perfect the Lien of the Agent
                for the benefit of the Agent and the Lenders in the Certificate
                of Title Property; and (c) file at its expense the items in
                subsections (a) and (b), along with such other certificates,
                agreements, notices, or other comparable forms as may be
                necessary, with the appropriate Governmental Authority in the
                applicable jurisdiction in order to perfect such Lien.</font></p>
                <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
                Borrower will cause the appropriate Governmental Authority to
                deliver directly to VINtek, or if delivered to a Borrower or any
                Subsidiary, cause to be delivered to VINtek <u>within five (5)
                Business Days</u> after receipt thereof from the appropriate
                Governmental Authority by a Borrower or Subsidiary, either the
                original certificate of title with the Agent&#146;s Lien noted
                thereon or a newly issued certificate of title or comparable
                instrument, as applicable, with the Agent&#146;s Lien</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
                <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 0"><font face="Times New Roman">43</font></p>
  <hr color="#000080">
<p ALIGN="left" style="text-indent: 0">&nbsp;</p>
                <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
                <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">noted thereon,
                to be managed and administered in accordance with the VINtek
                Agreement.</font></p>
                <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agent
                and the Lenders agree that upon request of the Agent by the
                Borrowers, and subject to the consent of the Agent in accordance
                with the provisions hereof and of the Intercreditor Agreement,
                the Agent will act and will cooperate with VINtek, in accordance
                with the provisions of the Intercreditor Agreement, to
                effectuate a release of the Lien of the Agent and the Lenders
                with respect to certain Certificate of Title Property which is
                to be sold (subject to any mandatory prepayment applicable
                thereto).</font></p>
      </blockquote>
    </blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Field Audit</u>. The
    Borrowers further acknowledge and agree that, prior to the Facility
    Termination Date, the Agent and its representatives may undertake from time
    to time further field audits and/or valuations of the inventory, equipment,
    accounts receivable, fixed assets, and field audits of the internal controls
    of the Borrowers and the Guarantors and that the costs and expenses of these
    audits and valuations shall be paid by the Borrowers. The Borrowers agree to
    cooperate and cause the Guarantors to cooperate with the Agent and its
    representatives to facilitate completion of all such audits and valuations.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.23&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Senior Facility
    Notices</u>. Borrowers shall deliver or cause to be delivered (i)
    simultaneously with delivery thereof to the Senior Agents or the Senior
    Lenders, a copy of any notices, reports, projections, certificates
    (including borrowing base certificates) or other documents or instruments
    required to be delivered by Borrowers or any of their Subsidiaries to the
    Senior Agents or the Senior Lenders in connection with the Senior Facility,
    and (ii) immediately upon receipt thereof from the Senior Agents or the
    Senior Lenders, a copy of any notices or other documents or instruments
    delivered by the Senior Agents or the Senior Lenders to the Borrowers in
    connection with the Senior Facility.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Existing Facility
    Interest Payment</u>. Not later than July 31, 2001, Borrowers shall pay to
    the Agent for the account of each Lender, in addition to any amounts
    otherwise due and payable hereunder, an amount equal to $640,377.14, which
    payments represent accrued and unpaid interest under the Existing Facility
    as of the Closing Date.</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 0"><font face="Times New Roman">44</font></p>
  <hr color="#000080">
<p ALIGN="left" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="CENTER">&nbsp;</p>
  </blockquote>
</blockquote>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE VIII</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">Negative Covenants</font></p>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Until the Facility Termination
Date, unless the Required Lenders shall otherwise consent in writing, Miller
shall not, nor shall it permit any Subsidiary to:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Financial Covenants</u>.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Capital Expenditures</u>.
    Make or incur any Capital Expenditure if, after giving effect thereto, the
    aggregate amount of all Capital Expenditures by the Borrowers and their
    Subsidiaries on a consolidated basis would exceed (a) $5,600,000 for the
    Fiscal Year ending on April 30, 2002, (b) $6,250,000 for the Fiscal Year
    ending on April 30, 2003, and (c) $6,750,000 for any Fiscal Year thereafter.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Consolidated
    Fixed Charge Coverage Ratio</u>. Permit the Consolidated
    Fixed Charge Coverage Ratio for any Four-Quarter Period to be less than 1.0
    to&nbsp;1.0.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font face="Times New Roman">Consolidated
    EBITDA</font></u><font face="Times New Roman">. Permit Consolidated EBITDA
    for any Four-Quarter Period ending during the periods set forth below to be
    less than the following amounts for the following periods:</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60">&nbsp;</p>
  </blockquote>
</blockquote>

<p ALIGN="RIGHT" style="text-indent: 60">&nbsp;
<div align="center">
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="5" WIDTH="544">
  <tr>
    <td WIDTH="35%" VALIGN="TOP"><b><u><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 60"><font face="Times New Roman">Four-Quarter Periods
      Ending:</font></font></u></b></td>
    <td WIDTH="32%" VALIGN="TOP"><b><u><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 60"><font face="Times New Roman">Initial EBITDA<br>
      Requirement:</font></p>
      </font></u></b>
      <p ALIGN="CENTER" style="text-indent: 60">&nbsp;</td>
    <td WIDTH="32%" VALIGN="TOP"><b><u><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 60"><font face="Times New Roman">Subsequent EBITDA<br>
      Requirement:</font></font></u></b></p>
      </td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP">
      <p style="text-indent: 60"></p>
    </td>
    <td WIDTH="32%" VALIGN="TOP">
      <p style="text-indent: 60"></p>
    </td>
    <td WIDTH="32%" VALIGN="TOP">
      <p style="text-indent: 60"></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 0"><font face="Times New Roman">From the Closing Date<br>
      Through April 29, 2002<br>
      </font></p>
      </font></td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 0"><font face="Times New Roman">$16,000,000</font></font></td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 0"><font face="Times New Roman">$13,000,000</font></font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 0"><font face="Times New Roman">From April 30, 2002<br>
      Through April 29, 2003<br>
      </font></p>
      </font></td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 0"><font face="Times New Roman">$19,000,000</font></font></td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 0"><font face="Times New Roman">$13,000,000</font></font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 0"><font face="Times New Roman">From April 30, 2003<br>
      through Termination</font></font></p>
    </td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 0"><font face="Times New Roman">$24,000,000</font></font></td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER" style="text-indent: 0"><font face="Times New Roman">$15,000,000</font></font></td>
  </tr>
</table>
      </center>
    </div>
<p ALIGN="JUSTIFY" style="text-indent: 60">&nbsp;</p>
<blockquote>
  <blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">For purposes of this <u>Section
8.1(c)</u>, (i) &quot;Initial EBITDA Requirement&quot; means the
applicable minimum Consolidated EBITDA requirement for period from the Closing
Date until the Transition Date, and (ii) &quot;Subsequent EBITDA
Requirement&quot; means the applicable minimum Consolidated EBITDA
requirement for the period from the Transition Date until the Facility
Termination Date.</font></p>
</blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Acquisitions</u>. Enter
into any agreement, contract, binding commitment or other arrangement providing
for, or otherwise effect, any Acquisition, or take any action to solicit the
tender of securities or proxies in respect thereof in order to effect any
Acquisition.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Liens</u>. Incur, create
or permit to exist any Lien, charge or other encumbrance of any nature
whatsoever with respect to any property or assets now owned or hereafter
acquired by Miller or any Subsidiary, other than Liens created in favor of the
Agent and the Lenders under the Loan Documents and the following (collectively,
the &quot;Permitted Liens&quot;):</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens existing as of the
    date hereof and as set forth in <u>Schedule 6.7</u>;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens imposed by law for
    taxes, assessments or charges of any Governmental Authority for claims not
    yet due or which are being contested in good faith by appropriate
    proceedings diligently conducted and with respect to which adequate reserves
    or other appropriate provisions are being maintained in accordance with GAAP
    and which Liens are not yet enforceable against other creditors;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;statutory Liens of
    landlords and Liens of carriers, warehousemen, mechanics, materialmen and
    other Liens imposed by law or created in the ordinary course of business and
    in existence</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center" style="text-indent: 0">45</p>
<hr color="#000080">
    <p ALIGN="center" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">less than 90 days from the date of creation thereof for amounts
    not yet due or which are being contested in good faith by appropriate
    proceedings diligently conducted and with respect to which adequate reserves
    or other appropriate provisions are being maintained in accordance with GAAP
    and which Liens are not yet enforceable against other creditors;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens incurred or
    deposits made in the ordinary course of business (including, without
    limitation, surety bonds and appeal bonds) in connection with workers&#146;
    compensation, unemployment insurance and other types of social security
    benefits or to secure the performance of tenders, bids, leases, contracts
    (other than for the repayment of Indebtedness), statutory obligations and
    other similar obligations or arising as a result of progress payments under
    government contracts;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;purchase money Liens to
    secure Indebtedness permitted under <u>Section 8.4(d)</u> and incurred to
    purchase fixed assets, provided such Indebtedness represents not less than
    75% and not more than 100% of the purchase price of such assets as of the
    date of purchase thereof and no property other than the assets so purchased
    secures such Indebtedness;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising in
    connection with Capital Leases permitted under <u>Section 8.4(d)</u>
    provided that no such Lien shall extend to any Collateral or to any other
    property other than the assets subject to such Capital Leases;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising in
    connection with the Navistar Consignment Agreement and the Navistar
    Intercreditor Agreement;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;easements (including
    reciprocal easement agreements and utility agreements), rights-of-way,
    covenants, consents, reservations, encroachments, variations and zoning and
    other restrictions, charges or encumbrances (whether or not recorded)
    affecting real property, which do not interfere materially with the ordinary
    conduct of the business of Miller or any Subsidiary and which do not
    materially detract from the value of the property to which they attach or
    materially impair the use thereof to Miller or any Subsidiary;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising in
    connection with inventory repurchase obligations permitted under <u>Section
    8.4 (h)</u>; provided such liens are limited to the property subject to such
    financing arrangements and the proceeds thereof;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising in
    connection with floor plan financings permitted under <u>Section 8.4 (i)</u>;
    provided such liens are limited to the property subject to such financing
    arrangements and the proceeds thereof; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liens arising in favor
    of any of the Senior Agents (for the benefit of itself and the Senior
    Lenders and the Senior L/C Issuer) in connection with the Senior Facility.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Indebtedness</u>. Incur,
create, assume or permit to exist any Indebtedness, howsoever evidenced, except
the following (collectively the &quot;Permitted Indebtedness&quot;):</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indebtedness (other than
    Indebtedness under the Senior Facility) existing as of the Closing Date as
    set forth in <u>Schedule 6.6</u>; <u>provided</u>, none of the instruments
    and agreements evidencing or governing such Indebtedness shall be amended,
    modified or supplemented after the Closing Date to change any terms of
    subordination, repayment or rights of conversion, put, exchange or other
    rights from such terms and rights as in effect on the Closing Date;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indebtedness owing to
    the Agent or any Lender in connection with this Agreement, any Note or other
    Loan Document;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the endorsement of
    negotiable instruments for deposit or collection or similar transactions in
    the ordinary course of business;</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center" style="text-indent: 0">46</p>
<hr color="#000080">
    <p ALIGN="center" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;purchase money
    Indebtedness described in <u>Section 8.3</u> and obligations under Capital
    Leases in an aggregate principal amount outstanding at any time not to
    exceed $5,000,000;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;obligations of Miller
    incurred in the ordinary course of business consistent with past practice
    directly or indirectly guaranteeing any trade account Indebtedness of any
    Subsidiary in an aggregate amount not to exceed $1,000,000 outstanding at
    any time;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Guaranty permitted
    hereunder of Guarantors;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;guaranty obligations, in
    an amount not to exceed $3,500,000 in the aggregate at any one time, of
    Miller incurred in the course of business directly or indirectly
    guaranteeing Indebtedness of any purchaser of an asset disposed of in an
    Asset Disposition permitted under <u>Section 8.5(d)</u>;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;inventory repurchase
    obligations incurred with respect to floor plan financing for Independent
    Distributors; <u>provided</u> that the amount of such obligations shall not
    exceed $30,000,000 in the aggregate at any time;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;partial recourse
    obligations of Miller incurred with respect to floor plan financing for
    Independent Distributors; <u>provided</u> that the amount of such exposure
    shall not exceed $1,000,000 in the aggregate at any time;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indebtedness in favor of
    the Senior Lenders, the Senior L/C Issuer and the Senior Agents under the
    Senior Facility in an aggregate outstanding principal amount of up to
    $130,000,000.00 at any one time (plus any accrued interest, fees and
    expenses and other charges owing with respect thereto);</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;unsecured intercompany
    Indebtedness from any Miller Borrower to another Miller Borrower, and
    intercompany Indebtedness from any RoadOne Borrower to another RoadOne
    Borrower;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;unsecured intercompany
    Indebtedness from the RoadOne Borrowers to the Miller Borrowers incurred on
    or after the Closing Date in an aggregate amount outstanding not to exceed
    $1,000,000 at any time;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;unsecured intercompany
    Indebtedness from the Borrowers or any Subsidiaries to any Foreign
    Subsidiaries in an aggregate amount outstanding not to exceed $100,000 at
    any time; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;unsecured intercompany
    Indebtedness incurred on or after the Closing Date for loans and advances
    made by Miller or any Miller Borrower to any RoadOne Borrower, in an in an
    aggregate amount outstanding not to exceed $1,000,000 at any time.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Transfer of Assets</u>.
Make Asset Dispositions of RoadOne Borrower Assets having a Senior Collateral
Value, in the aggregate, greater than or equal to $11,242,606, unless (i) an
event of default has occurred and is continuing under the Senior Facility, or
(ii) the Lenders have received mandatory prepayments under <u>Section 2.7(iii)</u>
from the Asset Disposition of RoadOne Borrower Assets in an amount of not less
than $3,500,000 in the aggregate following the Closing Date after giving effect
to such Asset Disposition.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Investments</u>.
Purchase, own, invest in or otherwise acquire, directly or indirectly, any stock
or other securities, or make any investment or permit to exist any interest
whatsoever in any other Person or permit to exist any loans or advances to any
Person, except that Miller and its Subsidiaries may maintain investments or
invest in:</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eligible Securities;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;investments, including
    joint ventures, existing as of the date hereof and as set forth in <u>Schedule
    6.4</u>;</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center" style="text-indent: 0">47</p>
<hr color="#000080">
    <p ALIGN="center" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;accounts receivable
    arising and trade credit granted in the ordinary course of business and any
    securities received in satisfaction or partial satisfaction thereof in
    connection with accounts of financially troubled Persons to the extent
    reasonably necessary in order to prevent or limit loss;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;investments in Miller
    Towing or in Guarantors;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;loans and advances to
    employees in the ordinary course of business of Miller in an aggregate
    amount outstanding at any one time not to exceed $200,000; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;investments in
    conditional sales contracts or finance leases owned by Miller Financial and
    originated in connection with the financing by Miller Financial of sales of
    inventory in the ordinary course of business consistent with past practice.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Merger or Consolidation</u>.&nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp; Consolidate with or merge into any other Person, or (b) permit any other
Person to merge into it; <u>provided</u>, <u>however</u>, (i) any Domestic
Subsidiary of Miller may merge into or transfer all or substantially all of its
assets into or consolidate with Miller, Miller Towing or any other wholly owned
Guarantor, and (ii) any Foreign Subsidiary may merge into or transfer all or
substantially all of its assets to or consolidate with Miller or any other
Subsidiary.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Restricted Payments</u>.
Make any Restricted Payment or apply or set apart any of their assets therefor
or agree to do any of the foregoing.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Transactions with
Affiliates</u>. Other than transactions permitted under <u>Sections</u> <u>8.5</u>,
<u>8.6</u>, <u>8.7</u> and <u>8.8</u>, enter into any transaction after the
Closing Date, including, without limitation, the purchase, sale, lease or
exchange of property, real or personal, or the rendering of any service, with
any Affiliate of Miller, except (a) that the Borrowers may make the benefits of
the Loan available to any or all of the Guarantors, (b) that the Borrowers may
make the benefits of the Loan in an aggregate amount not exceeding $2,000,000 in
any Fiscal Year available to any Foreign Subsidiary, (c) that such Persons may
render services to Miller or its Subsidiaries for compensation at the same rates
generally paid by Persons engaged in the same or similar businesses for the same
or similar services, (d) that Miller or any Subsidiary may render services to
such Persons for compensation at the same rates generally charged by Miller or
such Subsidiary and (e) in either case in the ordinary course of business and
pursuant to the reasonable requirements of Miller&#146;s (or any Subsidiary&#146;s)
business consistent with past practice of Miller and its Subsidiaries and upon
fair and reasonable terms no less favorable to Miller (or any Subsidiary) than
would be obtained in a comparable arm&#146;s-length transaction with a Person not an
Affiliate.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Compliance with
ERISA,
the Code and Foreign Benefit Laws</u>. With respect to any Pension Plan,
Employee Benefit Plan or Multiemployer Plan:</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;permit the occurrence of
    any Termination Event which would result in a liability on the part of
    Miller, any ERISA Affiliate, or any Subsidiary to the PBGC or any
    Governmental Authority, except for any Termination Event which could not
    reasonably be expected to result in a liability of $250,000 or more
    individually or when aggregated with other such Termination Events; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;permit the present value
    of all benefit liabilities under all Employee Benefit Plans to exceed the
    current value of the assets of such Employee Benefit Plans allocable to such
    benefit liabilities in an amount in excess of $250,000; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;permit any accumulated
    funding deficiency (as defined in Section 302 of ERISA and Section 412 of
    the Code) with respect to any Pension Plan, whether or not waived, except
    for any deficiency which could not reasonably be expected to result in a
    liability of $250,000 or more individually or when aggregated with any other
    such deficiency under such Pension Plan or any other Pension Plan; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;fail to make any
    contribution or payment to any Multiemployer Plan which Miller or any ERISA
    Affiliate may be required to make under any agreement relating to such
    Multiemployer Plan, or any</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center" style="text-indent: 0">48</p>
<hr color="#000080">
    <p ALIGN="center" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">law pertaining thereto, except for any such
    contribution or payment which individually or when aggregated with any other
    such failed contributions or payments does not exceed $250,000; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;engage, or permit Miller
    or any ERISA Affiliate to engage, in any prohibited transaction under
    Section 406 of ERISA or Sections 4975 of the Code for which a material civil
    penalty pursuant to Section 502(I) of ERISA or a material tax pursuant to
    Section 4975 of the Code may be imposed; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;permit the establishment
    of any Employee Benefit Plan providing post-retirement welfare benefits or
    establish or amend any Employee Benefit Plan which establishment or
    amendment could result in material liability to Miller or any ERISA
    Affiliate or any Subsidiary or materially increase the obligation of Miller
    or any ERISA Affiliate or any Subsidiary to a Multiemployer Plan; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;fail, or permit Miller
    or any ERISA Affiliate or any Subsidiary to fail, to establish, maintain and
    operate each Employee Benefit Plan in compliance in all material respects
    with the provisions of ERISA, the Code, all applicable Foreign Benefit Laws
    and all other applicable laws and the regulations and interpretations
    thereof.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Accounting Changes</u>.
Change its Fiscal or make any change in its accounting treatment and reporting
practices except as required by GAAP; <u>provided</u> Miller may elect to change
its Fiscal Year to a calendar fiscal year or a fiscal year ending on January 31
of each calendar year so long as the Borrowers provide to the Agent at least
thirty (30) days prior written notice of such change, and provided that prior to
the effectiveness of any such change, the Borrowers, the Agent and the Lenders
agree in good faith to amend the financial covenants contained in <u>Section 8.1</u>
so as to equitably reflect any such change in Fiscal Year.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Dissolution, etc.</u>
Wind up, liquidate or dissolve (voluntarily or involuntarily) or commence or
suffer any proceedings seeking any such winding up, liquidation or dissolution,
except in connection with a transaction permitted pursuant to <u>Section 8.7</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Limitations on Sales
and Leasebacks</u>. Enter into any arrangement with any Person providing for the
leasing by Miller or any Subsidiary of real or personal property, whether now
owned or hereafter acquired in a related transaction or series of related
transactions, which has been or is to be sold or transferred by Miller or any
Subsidiary to such Person or to any other Person to whom funds have been or are
to be advanced by such Person on the security of such property or rental
obligations of Miller or any Subsidiary; <u>provided</u> that the foregoing
shall not prohibit the existence of additional Off Balance Sheet Liabilities
permitted under <u>Section 8.4(h)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Change in Control</u>.
Cause, suffer or permit to exist or occur any Change of Control.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Limitation on
Guaranties</u>. Enter into or cause, suffer or permit to exist any obligations
of Miller or any Subsidiary directly or indirectly guaranteeing, or in effect
guaranteeing, any Indebtedness or other obligation of any other Person, except (i)
as permitted in <u>Section 8.4</u> and (ii) the endorsement of instruments for
deposit or collection in the ordinary course of business.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Negative Pledge Clauses</u>.
Enter into or cause, suffer or permit to exist any agreement with any Person
other than the Agent and the Lenders pursuant to this Agreement or any other
Loan Documents or the Senior Agents, the Senior Lenders and
the Senior L/C Issuer pursuant to the Senior Credit Agreement and the
Intercreditor Agreement which prohibits or limits the ability of any of
Miller or any Subsidiary to create, incur, assume or suffer to exist any Lien
upon any of its property, assets or revenues, whether now owned or hereafter
acquired, in favor of the Agent and the Lenders under the Loan Documents; <u>provided</u>
that Miller and any Subsidiary may enter into such an agreement in connection
with, and limited solely to, property acquired with the proceeds of purchase
money Indebtedness, Capital Leases or operating leases permitted hereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Prepayments, Etc. of
Indebtedness</u>. (a) Prepay, redeem, purchase, defease or otherwise satisfy
prior to the scheduled maturity thereof in any manner, or make any payment in
violation of any subordination terms of, any Indebtedness other than
intercompany Indebtedness permitted under <u>Section 8.4(k)</u> and Indebtedness
under</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center" style="text-indent: 0">49</p>
<hr color="#000080">
    <p ALIGN="center" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman"> the Senior Facility (in accordance with the terms of the Senior Credit
Agreement (as in effect on the date hereof) and the Intercreditor Agreement).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amend, modify or change in
any manner any term or condition of any Indebtedness described in <u>Section
8.4(a)</u> or any lease so that the terms and conditions thereof are less
favorable to the Agent and the Lenders than the terms of such Indebtedness or
leases as of the Closing Date.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Restrictive Agreements</u>.
Enter into or cause, suffer or permit to exist any agreement with any other
Person (other than the Agent and the Lenders pursuant to this Agreement or any
other Loan Document) which prohibits, limits or restricts the ability of any
Subsidiary to make any payments, directly or indirectly, to the Borrowers by way
of dividends, advances, repayments of loans or advances, or other returns on
investments, or any other agreement or arrangement which restricts the ability
of any such Subsidiary to make any payment, directly or indirectly, to the
Borrowers.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Modification of Senior
Facility</u>. Enter into any agreement, amendment, increase, extension, renewal,
waiver, or other modification (a &quot;Change&quot;) with respect to the Senior
Facility (including but not limited to the Senior Credit Agreement and the other
documents related thereto) without the prior written consent of the Agent and
the Lenders if such Change has the effect of:</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;increasing the amount of
    Excess Availability required to be maintained by Miller and its Subsidiaries
    (as applicable) under the terms of the Senior Credit Agreement, or required
    to be in effect under the definition of &quot;Permitted Payments&quot; in
    the Intercreditor Agreement, to an amount in excess of the Post-Disposition
    Availability Requirement; or</font></p>
    <p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;increasing the Fixed
    Charge Coverage Ratio (as defined in the Senior Credit Agreement) required
    to be maintained by Miller and its Subsidiaries (as applicable) under the
    terms of the Senior Credit Agreement, or required to be in effect under the
    definition of &quot;Permitted Payments&quot; in the Intercreditor Agreement,
    to a ratio greater than 1.15 to 1.0; or</font></p>
    <p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;otherwise specifically
    prohibiting the payment or prepayment of any amount of principal to the
    Lenders hereunder, which payment would otherwise be permitted under the
    terms hereof (as in effect on the Closing Date) or under the Intercreditor
    Agreement.</font></p>
    </blockquote>
  </blockquote>
    <p ALIGN="LEFT">&nbsp;</p>
    <p ALIGN="center">50</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
    <p ALIGN="center"><font face="Times New Roman">ARTICLE IX</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">Events of Default and
Acceleration</font></p>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Events of Default</u>.
If any one or more of the following events (herein called &quot;Events of
Default&quot;) shall occur for any reason whatsoever (and whether such
occurrence shall be voluntary or involuntary or come about or be effected by
operation of law or pursuant to or in compliance with any judgment, decree or
order of any court or any order, rule or regulation of any Governmental
Authority), that is to say:</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if default shall be made
    in the due and punctual payment of the principal of any Loan or other
    Obligation, when and as the same shall be due and payable whether pursuant
    to any provision of <u>Article II</u>, at maturity, by acceleration or
    otherwise; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if default shall be made
    in the due and punctual payment of any amount of interest on any Loan or
    other Obligation or of any fees or other amounts payable to any of the
    Lenders or the Agent on the date on which the same shall be due and payable
    and such default shall continue for 5 days following the date such payment
    is due; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if default shall be made
    in the performance or observance of any covenant set forth in <u>Section 2.7</u>,
    <u>2.9</u>, <u>7.7</u>, <u>7.11</u>, <u>7.12</u>, <u>7.19</u>, <u>7.22</u>, <u>7.24</u>,
    or <u>Article VIII</u>; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if a default shall be
    made in the performance or observance of, or shall occur under, any
    covenant, agreement or provision contained in this Agreement or the Notes
    (other than as described in clauses (a), (b) or (c) above) and such default
    shall continue for thirty (30) or more days after the earlier of receipt of
    notice of such default by the Authorized Representative from the Agent or an
    Authorized Representative of Miller actually becomes aware of such default,
    or if a default shall be made in the performance or observance of, or shall
    occur under, any covenant, agreement or provision contained in any of the
    other Loan Documents (beyond any applicable grace period, if any, contained
    therein) (including without limitation failure of any Guarantor to pay the
    Agent all of the Guarantors&#146; Obligations in accordance with, and as defined
    in, the Guaranty on the Business Day on which the Agent has demanded such
    payment in accordance with the terms of the Guaranty ) or in any instrument
    or document evidencing or creating any obligation, guaranty, or Lien in
    favor of the Agent or any of the Lenders or delivered to the Agent or any of
    the Lenders in connection with or pursuant to this Agreement or any of the
    Obligations, or if any Loan Document ceases to be in full force and effect
    (other than by reason of any action by the Agent or any Lender), or if
    without the written consent of the Lenders, this Agreement or any other Loan
    Document shall be disaffirmed or shall terminate, be terminable or be
    terminated or become void or unenforceable for any reason whatsoever (other
    than in accordance with its terms in the absence of default or by reason of
    any action by the Lenders or the Agent); or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if there shall occur
    (i)
    a default, which is not waived, in the payment of any principal, interest,
    premium or other amount with respect to any Indebtedness or Rate Hedging
    Obligation (other than the Loan and other Obligations or any Indebtedness
    under the Senior Facility) of Miller or any Subsidiary in an amount not less
    than $500,000 in the aggregate outstanding, or (ii) a default, which is not
    waived, in the performance, observance or fulfillment of any term or
    covenant contained in any agreement or instrument under or pursuant to which
    any such Indebtedness or Rate Hedging Obligation referred to in clause (i)
    may have been issued, created, assumed, guaranteed or secured by Miller or
    any Subsidiary, or (iii) any other event of default as specified in any
    agreement or instrument under or pursuant to which any such Indebtedness or
    Rate Hedging Obligation may have been issued, created, assumed, guaranteed
    or secured by Miller or any Subsidiary, and any such default or event of
    default specified in clauses (i), (ii) or (iii) shall continue for more than
    the period of grace, if any, therein specified, or such default or event of
    default shall permit (or, with the giving of notice of lapse of time or
    both, would permit) the holder of any such Indebtedness or Rate Hedging
    Obligation (or any agent or trustee acting on behalf of one or more holders)
    to accelerate the maturity thereof; or</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center">51</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if an
    event of default shall have occurred and be continuing under the Senior
    Facility and the Senior Lenders shall have accelerated the maturity of all
    Obligations under the Senior Facility as a consequence thereof; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if an event of default
    shall have occurred and be continuing under the Senior Facility and the
    Senior Lenders shall have delivered to the Agent or any Lender either (i) a
    Payment Blockage Notice (as defined in the Intercreditor Agreement), or (ii)
    written notice invoking a standstill pursuant to Section 6.2 of the
    Intercreditor Agreement; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if any representation,
    warranty or other statement of fact contained in any Loan Document or in any
    writing, certificate, report or statement at any time furnished to the Agent
    or any Lender by or on behalf of Miller or any other Loan Party pursuant to
    or in connection with any Loan Document, or otherwise, shall be false or
    misleading in any material respect when given; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if Miller or any
    Subsidiary shall be unable to pay its debts generally as they become due;
    file a petition to take advantage of any insolvency statute; make an
    assignment for the benefit of its creditors; commence a proceeding for the
    appointment of a receiver, trustee, liquidator or conservator of itself or
    of the whole or any substantial part of its property; file a petition or
    answer seeking liquidation, reorganization or arrangement or similar relief
    under the federal bankruptcy laws or any other applicable law or statute; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if a court of competent
    jurisdiction shall enter an order, judgment or decree appointing a
    custodian, receiver, trustee, liquidator or conservator of Miller or any
    Subsidiary or other Loan Party or of the whole or any substantial part of
    its properties and such order, judgment or decree continues unstayed and in
    effect for a period of sixty (60) days, or approve a petition filed against
    Miller or any Subsidiary or other Loan Party seeking liquidation,
    reorganization or arrangement or similar relief under the federal bankruptcy
    laws or any other applicable law or statute of the United States of America
    or any state, which petition is not dismissed within sixty (60) days; or if,
    under the provisions of any other law for the relief or aid of debtors, a
    court of competent jurisdiction shall assume custody or control of Miller or
    any Subsidiary or other Loan Party or of the whole or any substantial part
    of its properties, which control is not relinquished within sixty (60) days;
    or if there is commenced against Miller or any Subsidiary or any other Loan
    Party any proceeding or petition seeking reorganization, arrangement or
    similar relief under the federal bankruptcy laws or any other applicable law
    or statute of the United States of America or any state which proceeding or
    petition remains undismissed for a period of sixty (60) days; or if Miller
    or any Subsidiary or any other Loan Party takes any action to indicate its
    consent to or approval of any such proceeding or petition; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if
    (i) one or more
    judgments or orders for the payment of money where the amount not covered by
    insurance (or the amount as to which the insurer is found not to be liable
    for) is in excess of $250,000 is rendered against Miller or any Subsidiary,
    or (ii) there is any attachment, injunction or execution against any of
    Miller&#146;s or Subsidiaries&#146; properties for any amount in excess of $250,000 in
    the aggregate; and such judgment, attachment, injunction or execution
    remains unpaid, unstayed, undischarged, unbonded or undismissed for a period
    of thirty (30) days; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if Miller or any
    Subsidiary shall, other than in the ordinary course of business (as
    determined by past practices) or except as permitted by <u>Section 8.7</u>,
    suspend all or any part of its operations material to the conduct of the
    business of Miller or such Subsidiary for a period of more than sixty (60)
    days; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any actual or asserted
    invalidity (other than by the Agent or Lenders) of the Loan Documents shall
    occur; or</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if there shall occur any
    Termination Event which could reasonably be expected to result in a
    liability of $250,000 or more for Miller or any Subsidiary; or</font></p>
  </blockquote>
</blockquote>
    <p style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center">52</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
    <p style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;there shall occur any
    Change in Control;</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">then, and in any such event and
at any time thereafter, if such Event of Default or any other Event of Default
shall be continuing and shall have not been waived,</font></p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(A)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman">the Agent, with the
        consent of the Required Lenders, may, and at the direction of the
        Required Lenders shall declare by notice to the Borrowers any or all of
        the Obligations to be immediately due and payable, and the same,
        including all interest accrued thereon and all other obligations of the
        Borrowers to the Agent and the Lenders, shall forthwith become
        immediately due and payable without presentment, demand, protest, notice
        or other formality of any kind, all of which are hereby expressly
        waived, anything contained herein or in any instrument evidencing the
        Obligations to the contrary notwithstanding; <u>provided</u>, <u>however</u>,
        that notwithstanding the above, if there shall occur an Event of Default
        under clause (g) or (h) above, then all of the Obligations shall be
        immediately due and payable without the necessity of any action by the
        Agent or the Required Lenders or notice by or to the Agent or the
        Lenders;</font></p>
        <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Agent and each
        of the Lenders shall have all of the rights and remedies available under
        the Loan Documents or under any applicable law.</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Agent to Act</u>. In
case any one or more Events of Default shall occur and not have been waived or
cured, the Agent may, and at the direction of the Required Lenders shall,
proceed to protect and enforce their rights or remedies either by suit in equity
or by action at law, or both, whether for the specific performance of any
covenant, agreement or other provision contained herein or in any other Loan
Document, or to enforce the payment of the Obligations or any other legal or
equitable right or remedy.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Cumulative Rights</u>.
No right or remedy herein conferred upon the Lenders or the Agent is intended to
be exclusive of any other rights or remedies contained herein or in any other
Loan Document, and every such right or remedy shall be cumulative and shall be
in addition to every other such right or remedy contained herein and therein or
now or hereafter existing at law or in equity or by statute, or otherwise.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>No Waiver</u>. No course
of dealing between the Borrowers and any Lender or the Agent or any failure or
delay on the part of any Lender or the Agent in exercising any rights or
remedies under any Loan Document or otherwise available to it shall operate as a
waiver of any rights or remedies and no single or partial exercise of any rights
or remedies shall operate as a waiver or preclude the exercise of any other
rights or remedies hereunder or of the same right or remedy on a future
occasion.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Allocation of Proceeds</u>.
If an Event of Default has occurred and not been waived, and the maturity of the
Notes has been accelerated pursuant to <u>Article IX</u> hereof, all payments
received by the Agent hereunder, in respect of any principal of or interest on
the Obligations or any other amounts payable by the Borrowers hereunder, shall
be applied by the Agent in the following order:</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amounts due to the
    Lenders pursuant to <u>Sections 2.9 and 11.5</u>;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amounts due to the Agent
    pursuant to <u>Sections 2.10 and 10.8</u>;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;payments of interest on
    the Loan to be applied for the ratable benefit of the Lenders;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;payments of principal of
    the Loan, to be applied for the ratable benefit of the Lenders;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amounts due to the
    Lenders pursuant to <u>Sections 7.15</u> and <u>11.9</u>;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;payments of all other
    Obligations due under any of the Loan Documents, if any, to be applied for
    the ratable benefit of the Lenders;</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center">53</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amounts due to any of
    the Lenders in respect of Obligations consisting of liabilities under any
    Swap Agreement with any of the Lenders on a pro rata basis according to the
    amounts owed; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any surplus remaining
    after application as provided for herein, to the Borrowers or otherwise as
    may be required by applicable law.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Judgment Currency</u>.
The Borrowers, the Agent and each Lender hereby agree that if, in the event that
a judgment is given in relation to any sum due to the Agent or any Lender
hereunder, such judgment is given in a currency (the &quot;Judgment
Currency&quot;) other than that in which such sum was originally denominated
(the &quot;Original Currency&quot;), the Borrowers agree to indemnify the Agent
or such Lender, as the case may be, to the extent that the amount of the
Original Currency which could have been purchased by the Agent in accordance
with normal banking procedures on the Business Day following receipt of such sum
is less than the sum which could have been so purchased by the Agent had such
purchase been made on the day on which such judgment was given or, if such day
is not a Business Day, on the Business Day immediately preceding the giving of
such judgment, and if the amount so purchased exceeds the amount which could
have been so purchased by the Agent had such purchase been made on the day on
which such judgment was given or, if such day is not a Business Day, on the
Business Day immediately preceding such judgment, the Agent or the applicable
Lenders agrees to remit such excess to the Borrowers. The agreements in this
Section shall survive payment of all Obligations.</font></p>
<p ALIGN="left">&nbsp;</p>
    <p ALIGN="center">54</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE X</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">The Agent</font></p>
</u>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">10.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Appointment, Powers,
and Immunities</u>. Each Lender hereby irrevocably appoints and authorizes the
Agent to act as its agent under this Agreement and the other Loan Documents with
such powers and discretion as are specifically delegated to the Agent by the
terms of this Agreement and the other Loan Documents, together with such other
powers as are reasonably incidental thereto. The Agent (which term as used in
this sentence and in <u>Section 10.5</u> and the first sentence of <u>Section
10.6</u> hereof shall include its affiliates and its own and its affiliates&#146;
officers, directors, employees, and agents): (a) shall not have any duties or
responsibilities except those expressly set forth in this Agreement and shall
not be a trustee or fiduciary for any Lender; (b) shall not be responsible to
the Lenders for any recital, statement, representation, or warranty (whether
written or oral) made in or in connection with any Loan Document or any
certificate or other document referred to or provided for in, or received by any
of them under, any Loan Document, or for the value, validity, effectiveness,
genuineness, enforceability, or sufficiency of any Loan Document, or any other
document referred to or provided for therein or for any failure by any Loan
Party or any other Person to perform any of its obligations thereunder; (c)
shall not be responsible for or have any duty to ascertain, inquire into, or
verify the performance or observance of any covenants or agreements by any Loan
Party or the satisfaction of any condition or to inspect the property (including
the books and records) of any Loan Party or any of its Subsidiaries or
affiliates; (d) shall not be required to initiate or conduct any litigation or
collection proceedings under any Loan Document; and (e) shall not be responsible
to any Lender for any action taken or omitted to be taken by it under or in
connection with any Loan Document, except for its own gross negligence or
willful misconduct. The Agent may employ agents and attorneys-in-fact and shall
not be responsible for the negligence or misconduct of any such agents or
attorneys-in-fact selected by it with reasonable care. Each Lender hereby
irrevocably designates and appoints Bank of America as the Agent for the Lenders
under this Agreement, and each of the Lenders hereby irrevocably authorizes Bank
of America as the Agent for such Lender, to take such action on its behalf under
the provisions of this Agreement and the other Loan Documents and to exercise
such powers as are expressly delegated to the Agent by the terms of this
Agreement and such other Loan Documents, together with such other powers as are
reasonably incidental thereto. The Agent shall not have any duties or
responsibilities, except those expressly set forth herein, or any fiduciary
relationship with any of the Lenders, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this
Agreement or any other Loan Document or otherwise exist against the Agent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">10.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Reliance by Agent</u>.
The Agent shall be entitled to rely upon any certification, notice, instrument,
writing or other communication (including, without limitation, any thereof by
telephone or telefacsimile) believed by it to be genuine and correct and to have
been signed, sent or made by or on behalf of the proper Person or Persons, and
upon advice and statements of legal counsel (including counsel for any Loan
Party), independent accountants and other experts selected by the Agent. The
Agent may deem and treat the payee of any Note as the holder thereof for all
purposes hereof unless and until the Agent receives and accepts an Assignment
and Acceptance executed in accordance with <u>Section 11.1</u> hereof. As to any
matters not expressly provided for by this Agreement, the Agent shall not be
required to exercise any discretion or take any action, but shall be required to
act or to refrain from acting (and shall be fully protected in so acting or
refraining from acting) upon the instructions of the Required Lenders, and such
instructions shall be binding on all of the Lenders; <u>provided</u>, <u>however</u>,
that the Agent shall not be required to take any action that exposes the Agent
to personal liability or that is contrary to any Loan Document or applicable law
unless it shall first be indemnified to its satisfaction by the Lenders against
any and all liability and expense which may be incurred by it by reason of
taking any such action.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">10.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Defaults</u>. The Agent
shall not be deemed to have knowledge or notice of the occurrence of a Default
or Event of Default unless the Agent has received written notice from a Lender
or the Borrowers specifying such Default or Event of Default and stating that
such notice is a &quot;Notice of Default&quot;. In the event that the Agent
receives such a notice of the occurrence of a Default or Event of Default, the
Agent shall give prompt notice thereof to the Lenders. The Agent shall (subject
to <u>Section 10.2</u> hereof) take such action with respect to such Default or
Event of Default as shall reasonably be directed by the Required Lenders, <u>provided</u>
<u>that</u>, unless and until the Agent shall have received such directions, the
Agent may (but shall not be obligated to) take such action, or refrain from
taking such action, with respect to such Default or Event of Default as it shall
deem advisable in the best interest of the Lenders.</font></p>
    <p ALIGN="center">55</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">10.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Rights as Lender</u>.
With respect to the Loan made by it, Bank of America (and any successor acting
as Agent) in its capacity as a Lender hereunder shall have the same rights and
powers hereunder as any other Lender and may exercise the same as though it were
not acting as the Agent, and the term &quot;Lender&quot; or &quot;Lenders&quot;
shall, unless the context otherwise indicates, include the Agent in its
individual capacity. Bank of America (and any successor acting as Agent) and its
affiliates may (without having to account therefor to any Lender) accept
deposits from, lend money to, make investments in, provide services to, and
generally engage in any kind of lending, trust or other business with any Loan
Party or any of its Subsidiaries or affiliates as if it were not acting as
Agent, and Bank of America (and any successor acting as Agent) and its
affiliates may accept fees and other consideration from any Loan Party or any of
its Subsidiaries or affiliates for services in connection with this Agreement or
otherwise without having to account for the same to the Lenders.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">10.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Indemnification</u>.
The Lenders agree to indemnify the Agent (to the extent not reimbursed under <u>Section
11.9</u> hereof, but without limiting the obligations of the Borrowers under
such Section) ratably in accordance with their respective Commitments, for any
and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses (including attorneys&#146; fees), or disbursements
of any kind and nature whatsoever that may be imposed on, incurred by or
asserted against the Agent (including by any Lender) in any way relating to or
arising out of any Loan Document or the transactions contemplated thereby or any
action taken or omitted by the Agent under any Loan Document; <u>provided</u>
that no Lender shall be liable for any of the foregoing to the extent they arise
from the gross negligence or willful misconduct of the Person to be indemnified.
Without limitation of the foregoing, each Lender agrees to reimburse the Agent
promptly upon demand for its ratable share of any costs or expenses payable by
the Borrowers under <u>Section 11.5</u>, to the extent that the Agent is not
promptly reimbursed for such costs and expenses by the Borrowers. The agreements
contained in this Section shall survive payment in full of the Loan and all
other amounts payable under this Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">10.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Non-Reliance on Agent
and Other Lenders</u>. Each Lender agrees that it has, independently and without
reliance on the Agent or any other Lender, and based on such documents and
information as it has deemed appropriate, made its own credit analysis of the
Loan Parties and their Subsidiaries and decision to enter into this Agreement
and that it will, independently and without reliance upon the Agent or any other
Lender, and based on such documents and information as it shall deem appropriate
at the time, continue to make its own analysis and decisions in taking or not
taking action under the Loan Documents. Except for notices, reports and other
documents and information expressly required to be furnished to the Lenders by
the Agent hereunder, the Agent shall not have any duty or responsibility to
provide any Lender with any credit or other information concerning the affairs,
financial condition or business of any Loan Party or any of its Subsidiaries or
affiliates that may come into the possession of the Agent or any of its
affiliates.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">10.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Resignation of Agent</u>.
The Agent may resign at any time by giving notice thereof to the Lenders and the
Borrowers. Upon any such resignation, the Required Lenders shall have the right
to appoint a successor Agent meeting the requirements set forth herein. The
Borrowers shall have the right to approve such Agent so long as no Default or
Event of Default exist. If no successor Agent shall have been so appointed by
the Required Lenders and shall have accepted such appointment within thirty (30)
days after the retiring Agent&#146;s giving of notice of resignation, then the
retiring Agent may, on behalf of the Lenders, appoint a successor Agent which
shall be a commercial bank organized under the laws of the United States of
America having combined capital and surplus of at least $500,000,000. Upon the
acceptance of any appointment as Agent hereunder by a successor, such successor
shall thereupon succeed to and become vested with all the rights, powers,
discretion, privileges and duties of the retiring Agent, and the retiring Agent
shall be discharged from its duties and obligations hereunder. After any
retiring Agent&#146;s resignation hereunder as Agent, the provisions of this <u>Article
X</u> shall continue in effect for its benefit in respect of any actions taken
or omitted to be taken by it while it was acting as Agent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">10.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Fees</u>. The Borrowers
agree to pay to the Agent, for its individual account, an Agent&#146;s fee as from
time to time agreed to by the Borrowers and Agent in an amount not in excess of
$25,000 in the aggregate in any Fiscal Year (unless written consent of the
Senior Lenders is received with respect thereto).</font></p>
    <p ALIGN="center">56</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE XI</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">Miscellaneous</font></u></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Assignments and
Participations</u>. (a) Each Lender may assign to one or more Eligible Assignees
all or a portion of its rights and obligations under this Agreement (including,
without limitation, all or a portion of its Loan and its Note); provided,
however, that</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each such assignment
    shall be to an Eligible Assignee;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;except in the case of
    an assignment to another Lender or an assignment of all of a Lender&#146;s rights
    and obligations under this Agreement, any such partial assignment shall be
    in an amount at least equal to $1,000,000 or an integral multiple of
    $1,000,000 in excess thereof;</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;each such assignment
    by a Lender shall be of a constant, and not varying, percentage of all of
    its rights and obligations under the Term Loan Facility and the Notes; and</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;the parties to such
    assignment shall execute and deliver to the Agent for its acceptance an
    Assignment and Acceptance in the form of <u>Exhibit B</u> hereto, together
    with any Notes subject to such assignment and a processing fee of $3,500; <u>provided</u>,
    that in the case of contemporaneous assignments by a Lender to more than one
    fund managed by or advised by the same investment advisor (which funds are
    not then Lenders hereunder), only a single $3,500 fee shall be payable for
    all such contemporaneous assignments; and <u>provided</u> <u>further</u>,
    that no such fee shall be payable by any Lender in connection with the
    original issue of the Notes on the Closing Date.</font></p>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Upon execution, delivery and
acceptance of such Assignment and Acceptance, the assignee thereunder shall be a
party hereto and, to the extent of such assignment, have the obligations,
rights, and benefits of a Lender hereunder and under the Loan Documents
(including the Warrant Agreement), and the assigning Lender shall, to the extent
of such assignment, relinquish its rights and be released from its obligations
under this Agreement. Upon the consummation of any assignment pursuant to this
Section, the assignor, the Agent and the Borrowers shall make appropriate
arrangements so that, if required, new Notes are issued to the assignor and the
assignee. If the assignee is not incorporated under the laws of the United
States of America or a state thereof, it shall deliver to the Borrowers and the
Agent certification as to exemption from deduction or withholding of Taxes in
accordance with <u>Section&nbsp;4.6</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agent shall maintain at
its address referred to in <u>Section 11.2</u> a copy of each Assignment and
Acceptance delivered to and accepted by it and a register for the recordation of
the names and addresses of the Lenders and the principal amount of the Loan
owing to, each Lender from time to time (the &quot;<u>Register</u>&quot;). The
entries in the Register shall be conclusive and binding for all purposes, absent
manifest error, and the Borrowers, the Agent and the Lenders may treat each
Person whose name is recorded in the Register as a Lender hereunder for all
purposes of this Agreement. The Register shall be available for inspection by
the Borrowers or any Lender at any reasonable time and from time to time upon
reasonable prior notice.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon its receipt of an
Assignment and Acceptance executed by the parties thereto, together with any
Note subject to such assignment and payment of the processing fee, the Agent
shall, if such Assignment and Acceptance has been completed and is in
substantially the form of <u>Exhibit B</u> hereto, (i) accept such Assignment
and Acceptance, (ii) record the information contained therein in the Register
and (iii) give prompt notice thereof to the parties&nbsp;thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Lender may sell
participations at its expense to one or more Persons in all or a portion of its
rights and obligations under this Agreement (including all or a portion of its
Loan); <u>provided</u>, <u>however</u>, that (i) such Lender&#146;s obligations
under this Agreement shall remain unchanged, (ii) such Lender shall remain
solely responsible to the other parties hereto for the performance of such
obligations, (iii) the Borrowers shall continue to deal solely and directly with
such Lender in connection with such Lender&#146;s rights and obligations under this
Agreement, and such Lender shall retain the sole right to enforce the
obligations of the Borrowers relating to its Loan and its Note and to approve
any amendment, modification or waiver of any provision of this Agreement (other
than amendments,</font></p>
    <p ALIGN="center">57</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">modifications or waivers decreasing the amount of principal of
or the rate at which interest is payable on such Loan or Note, extending any
scheduled principal payment date or date fixed for the payment of interest on
such Loan or Note) and (iv) the sale of any such participation which requires
the Borrowers to file a registration statement with federal or state regulatory
authorities shall not be permitted.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any other
provision set forth in this Agreement, any Lender may at any time assign and
pledge all or any portion of its Loan and its Note to any Federal Reserve Bank
as collateral security pursuant to Regulation A and any Operating Circular
issued by such Federal Reserve Bank. No such assignment shall release the
assigning Lender from its obligations hereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any Lender may furnish any
information concerning Miller or any of its Subsidiaries in the possession of
such Lender from time to time to assignees and participants (including
prospective assignees and participants) so long as such Lender shall require in
writing (which writing names the Borrowers as third party beneficiaries thereof)
any such assignee or participant or prospective assignee or participant to
maintain the confidentiality of any information delivered to it which is not
publicly available.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers may not
assign, nor shall they cause, suffer or permit any Guarantor to assign, any
rights, powers, duties or obligations under this Agreement or the other Loan
Documents without the prior written consent of all the Lenders.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Notices</u>. Any notice
shall be conclusively deemed to have been received by any party hereto and be
effective (i) on the day on which delivered (including hand delivery by
commercial courier service) to such party (against receipt therefor), (ii) on
the date of receipt at such address, telefacsimile number or telex number as may
from time to time be specified by such party in written notice to the other
parties hereto or otherwise received), in the case of notice by telegram or
telefacsimile, respectively (where the receipt of such message is verified by
return), or (iii) on the fifth Business Day after the day on which mailed, if
sent prepaid by certified or registered mail, return receipt requested, in each
case delivered, transmitted or mailed, as the case may be, to the address or
telefacsimile number, as appropriate, set forth below or such other address or
number as such party shall specify by notice hereunder:</font></p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
            <p ALIGN="JUSTIFY"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if to the
            Borrowers or any Guarantor:</font></p>
          <blockquote>
            <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller Industries,
            Inc.<br>
            8503 Hilltop Drive<br>
            Ooltewah, Tennessee
            37363<br>
            Attention: Chief
            Financial Officer<br>
            Telephone: (423)
            238-4171<br>
            Telefacsimile: (423)
            238-6874</font></p>
            <p ALIGN="JUSTIFY">&nbsp;</p>
          </blockquote>
            <p ALIGN="JUSTIFY"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if to the Agent:</font></p>
          <blockquote>
            <p ALIGN="JUSTIFY"><font face="Times New Roman">Bank of America, N.A.<br>
            Independence Center,
            15th Floor<br>
            NC1-001-15-04<br>
            Charlotte, North
            Carolina 28255<br>
            Attention: Agency
            Services<br>
            Telephone: (704)
            388-6482<br>
            Telefacsimile: (704)
            388-9436</font></p>
            <p ALIGN="JUSTIFY">&nbsp;</p>
            <p ALIGN="JUSTIFY"><font face="Times New Roman">With a copy to:<br>
            Bank of America, N.A.<br>
            Independence Center,
            13th Floor<br>
            NC1-001-13-26<br>
            Charlotte, North
            Carolina 28255<br>
            Attention: John P.
            McDuffie</font></p>
            <p ALIGN="JUSTIFY"><font face="Times New Roman">Telephone: (704)
            386-7655</font></p>
            <p ALIGN="JUSTIFY"><font face="Times New Roman">Telefacsimile: (704)
            386-5856</font></p>
          </blockquote>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
    <p ALIGN="center">&nbsp;</p>
    <p ALIGN="center">58</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
            <p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
            <p ALIGN="JUSTIFY"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if to the
            Lenders:</font></p>
          <blockquote>
            <p ALIGN="JUSTIFY">&nbsp;</p>
          </blockquote>
            <p ALIGN="left"><font face="Times New Roman">At the addresses set
            forth on the signature pages hereof and on the signature page of
            each Assignment and Acceptance.</font></p>
          <blockquote>
            <p ALIGN="JUSTIFY">&nbsp;</p>
          </blockquote>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Right of Set-off;
Adjustments</u>. (a) Upon the occurrence and during the continuance of any Event
of Default and subject to the terms of the Intercreditor Agreement, each Lender
(and each of its affiliates) is hereby authorized at any time and from time to
time, to the fullest extent permitted by law, to set off and apply any and all
deposits (general or special, time or demand, provisional or final) at any time
held and other indebtedness at any time owing by such Lender (or any of its
affiliates) to or for the credit or the account of the Borrowers against any and
all of the obligations of the Borrowers now or hereafter existing under this
Agreement and the Note held by such Lender, irrespective of whether such Lender
shall have made any demand under this Agreement or such Note and although the
payment of such obligations may not have been accelerated. Each Lender agrees
promptly to notify the Borrowers after any such set-off and application made by
such Lender; <u>provided</u>, <u>however</u>, that the failure to give such
notice shall not affect the validity of such set-off and application. The rights
of each Lender under this Section are in addition to other rights and remedies
(including, without limitation, other rights of set-off) that such Lender may
have.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Lender (a &quot;<u>benefitted
Lender</u>&quot;) shall at any time receive any payment of all or part of the
Loan owing to it, or interest thereon, or receive any collateral in respect
thereof (whether voluntarily or involuntarily, by set-off, or otherwise), in a
greater proportion than any such payment to or collateral received by any other
Lender, if any, in respect of such other Lender&#146;s Loan owing to it, or interest
thereon, such benefitted Lender shall purchase for cash from the other Lenders a
participation interest in such portion of each such other Lender&#146;s Loan owing to
it, or shall provide such other Lenders with the benefits of any such
collateral, or the proceeds thereof, as shall be necessary to cause such
benefitted Lender to share the excess payment or benefits of such collateral or
proceeds ratably with each of the Lenders; <u>provided</u>, <u>however</u>, that
if all or any portion of such excess payment or benefits is thereafter recovered
from such benefitted Lender, such purchase shall be rescinded, and the purchase
price and benefits returned, to the extent of such recovery, but without
interest. The Borrowers agree that any Lender so purchasing a participation from
a Lender pursuant to this <u>Section 11.3</u> may, to the fullest extent
permitted by law, exercise all of its rights of payment (including the right of
set-off) with respect to such participation as fully as if such Person were the
direct creditor of either of the Borrowers in the amount of such participation.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Survival</u>. All
covenants, agreements, representations and warranties made herein shall survive
the making by the Lenders of the Loan and the execution and delivery to the
Lenders of this Agreement and the Notes and shall continue in full force and
effect so long as any of Obligations remain outstanding or any Lender has any
commitment hereunder or the Borrowers have continuing obligations hereunder
unless otherwise provided herein. Whenever in this Agreement any of the parties
hereto is referred to, such reference shall be deemed to include the successors
and permitted assigns of such party and all covenants, provisions and agreements
by or on behalf of the Borrowers which are contained in the Loan Documents shall
inure to the benefit of the successors and permitted assigns of the Lenders or
any of them.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Expenses</u>. The
Borrowers agree to pay on demand all reasonable costs and expenses of the Agent
in connection with the syndication, preparation, execution and delivery of this
Agreement, the other Loan Documents, and the other documents to be delivered
hereunder, including, without limitation, the reasonable fees and expenses of
Smith Helms Mulliss &amp; Moore, L.L.P., counsel for the Agent, with respect
thereto and with respect to advising the Agent as to its rights and
responsibilities under the Loan Documents. The Borrowers further agree to pay on
demand all reasonable costs and expenses of the Agent, including, without
limitation, the reasonable fees and expenses of counsel for the Agent, in
connection with any future modification or amendment of this Agreement, the
other Loan Documents and the other documents delivered hereunder. The Borrowers
further agree to pay on demand all reasonable costs and expenses of the Agent
and the Lenders, if any (including, without limitation, reasonable attorneys&#146;
fees and expenses and the cost of internal counsel), in connection with the
enforcement (whether through negotiations, legal proceedings, or otherwise) of
the Loan Documents and the other documents to be delivered hereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center">59</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Amendments and Waivers</u>.
Any provision of this Agreement or any other Loan Document may be amended or
waived if, but only if, such amendment or waiver is in writing and is signed by
the Borrowers and the Required Lenders (and, if <u>Article X</u> or the rights
or duties of the Agent are affected thereby, by the Agent); <u>provided</u> that
no such amendment or waiver shall, unless signed by all the Lenders, (i)
increase the Commitments of the Lenders, (ii) reduce the principal of or rate of
interest on any Loan or any fees or other amounts payable hereunder, (iii)
postpone any date fixed for the payment of any scheduled installment of
principal of or interest on any Loan or any fees or other amounts payable
hereunder or for termination of any Commitment, (iv) change the percentage of
the unpaid principal amount of the Notes, or the number of Lenders, which shall
be required for the Lenders or any of them to take any action under this Section
or any other provision of this Agreement or (v) except as otherwise provided for
herein, release any Guarantor or Pledged Stock or any Liens upon or other rights
in all or any material portion of any other Collateral.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Notwithstanding any provision of
the other Loan Documents to the contrary, as between the Agent and the Lenders,
execution by the Agent shall not be deemed conclusive evidence that the Agent
has obtained the written consent of the Required Lenders. No notice to or demand
on the Borrowers in any case shall entitle the Borrowers to any other or further
notice or demand in similar or other circumstances, except as otherwise
expressly provided herein. No delay or omission on any Lender&#146;s or the Agent&#146;s
part in exercising any right, remedy or option shall operate as a waiver of such
or any other right, remedy or option or of any Default or Event of Default.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.6A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Release of Liens</u>.
The Agent is hereby authorized and obligated, at the request and expense of the
Borrowers, (a) to release the Liens arising under the Security Instruments as
may be necessary to effectuate any Asset Disposition (or other sale or
disposition of assets) or Debt Offering otherwise permitted hereunder, and (b)
to release any Guaranty of any Subsidiary all or substantially all of the
capital stock of which or other equity interests in which are being sold in an
Asset Disposition otherwise permitted hereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Counterparts</u>. This
Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed an original, and it shall not be
necessary in making proof of this Agreement to produce or account for more than
one such fully-executed counterpart.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Termination</u>. The
termination of this Agreement shall not affect any rights of the Borrowers, the
Lenders or the Agent or any obligation of the Borrowers, the Lenders or the
Agent, arising prior to the effective date of such termination, and the
provisions hereof shall continue to be fully operative until all transactions
entered into or rights created or obligations incurred prior to such termination
have been fully disposed of, concluded or liquidated and the Obligations arising
prior to or after such termination have been irrevocably paid in full. The
rights granted to the Agent for the benefit of the Lenders under the Loan
Documents shall continue in full force and effect, notwithstanding the
termination of this Agreement, until all of the Obligations have been paid in
full after the termination hereof (other than Obligations in the nature of
continuing indemnities or expense reimbursement obligations not yet due and
payable, which shall continue) or the Borrowers have furnished the Lenders and
the Agent with an indemnification satisfactory to the Agent and each Lender with
respect thereto. All representations, warranties, covenants, waivers and
agreements contained herein shall survive termination hereof until payment in
full of the Obligations unless otherwise provided herein. Notwithstanding the
foregoing, if after receipt of any payment of all or any part of the
Obligations, any Lender is for any reason compelled to surrender such payment to
any Person because such payment is determined to be void or voidable as a
preference, impermissible setoff, a diversion of trust funds or for any other
reason, this Agreement shall continue in full force and the Borrowers shall be
liable to, and shall indemnify and hold the Agent or such Lender harmless for,
the amount of such payment surrendered until the Agent or such Lender shall have
been finally and irrevocably paid in full. The provisions of the foregoing
sentence shall be and remain effective notwithstanding any contrary action which
may have been taken by the Agent or the Lenders in reliance upon such payment,
and any such contrary action so taken shall be without prejudice to the Agent or
the Lenders&#146; rights under this Agreement and shall be deemed to have been
conditioned upon such payment having become final and irrevocable.
Notwithstanding anything herein or in any other Loan Documents to the contrary,
it is expressly understood and agreed that any and all provisions in any of the
Loan Documents (other than the Warrant Agreement and the Warrants) to the effect
that such Loan Document (and any Liens of any Agent or Lenders thereunder) shall
not terminate unless and until all Obligations are satisfied or no longer
outstanding shall be construed to refer to all Obligations other than those
arising from or under the Warrant Agreement or the Warrants and it shall not be
a condition to such termination that any or all of the Obligations arising from
or under the Warrant Agreement or the Warrants be satisfied or no longer
outstanding.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
    <p ALIGN="center">60</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Indemnification</u>.
(a) The Borrowers agree to indemnify and hold harmless the Agent and each Lender
and each of their affiliates and their respective attorneys, officers, directors
and employees (each, an &quot;<u>Indemnified Party</u>&quot;) from and against
any and all claims, damages, losses, liabilities, costs, and expenses
(including, without limitation, reasonable attorneys&#146; fees) that may be incurred
by or asserted or awarded against any Indemnified Party, in each case arising
out of or in connection with or by reason of (including, without limitation, in
connection with any investigation, litigation, or proceeding or preparation of
defense in connection therewith) the Loan Documents, any of the transactions
contemplated herein or the actual or proposed use of the proceeds of the Loan,
except to the extent such claim, damage, loss, liability, cost, or expense is
finally judicially determined to have resulted from such Indemnified Party&#146;s
gross negligence or willful misconduct. In the case of an investigation,
litigation or other proceeding to which the indemnity in this <u>Section 11.9(a)</u>
applies, such indemnity shall be effective whether or not such investigation,
litigation or proceeding is brought by the Borrowers, its directors,
shareholders or creditors or an Indemnified Party or any other Person or any
Indemnified Party is otherwise a party thereto and whether or not the
transactions contemplated hereby are consummated.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without prejudice to the
survival of any other agreement of the Borrowers hereunder, the agreements and
obligations of the Borrowers contained in this <u>Section 11.9</u> shall survive
the payment in full of the Loan and all other amounts payable under this
Agreement and the Notes.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Severability</u>. If
any provision of this Agreement or the other Loan Documents shall be determined
to be illegal or invalid as to one or more of the parties hereto, then such
provision shall remain in effect with respect to all parties, if any, as to whom
such provision is neither illegal nor invalid, and in any event all other
provisions hereof shall remain effective and binding on the parties hereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Entire Agreement</u>.
This Agreement, together with the other Loan Documents, constitutes the entire
agreement among the parties with respect to the subject matter hereof and
supersedes all previous proposals, negotiations, representations, commitments
and other communications between or among the parties, both oral and written,
with respect thereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Agreement Controls</u>.
In the event that any term of any of the Loan Documents other than this
Agreement conflicts with any express term of this Agreement, the terms and
provisions of this Agreement shall control to the extent of such conflict.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Usury Savings Clause</u>.
Notwithstanding any other provision herein, the aggregate interest rate charged
under any of the Notes or other Loan Documents, including all charges or fees in
connection therewith deemed in the nature of interest under applicable law shall
not exceed the Highest Lawful Rate (as such term is defined below). If the rate
of interest (determined without regard to the preceding sentence) under this
Agreement or other Loan Documents at any time exceeds the Highest Lawful Rate,
the outstanding amount of the Loan made hereunder shall bear interest at the
Highest Lawful Rate until the total amount of interest due hereunder equals the
amount of interest which would have been due hereunder if the stated rates of
interest set forth in this Agreement or other Loan Documents had at all times
been in effect. In addition, if when the Loan made hereunder is repaid in full
the total interest due hereunder (taking into account the increase provided for
above) is less than the total amount of interest which would have been due
hereunder if the stated rates of interest set forth in this Agreement had at all
times been in effect, then to the extent permitted by law, the Borrowers shall
pay to the Agent an amount equal to the difference between the amount of
interest paid and the amount of interest which would have been paid if the
Highest Lawful Rate had at all times been in effect. Notwithstanding the
foregoing, it is the intention of the Lenders and the Borrowers to conform
strictly to any applicable usury laws. Accordingly, if any Lender contracts for,
charges, or receives any consideration which constitutes interest in excess of
the Highest Lawful Rate, then any such excess shall be cancelled automatically
and, if previously paid, shall at such Lender&#146;s option be applied to the
outstanding amount of the Loan made hereunder or be refunded to the Borrowers.
As used in this paragraph, the term &quot;Highest Lawful Rate&quot; means the
maximum lawful interest rate, if any, that at any time or from time to time may
be contracted for, charged, or received under the laws applicable to such Lender
which are presently in effect or, to the extent allowed by law, under such
applicable laws which may hereafter be in effect and which allow a higher
maximum nonusurious interest rate than applicable laws now allow.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
    <p ALIGN="center">61</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Governing Law;
Waiver of Jury Trial</u>.</font></p>
<blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS AGREEMENT AND THE
    OTHER LOAN DOCUMENTS (OTHER THAN CERTAIN PLEDGE AGREEMENTS COVERING SHARES
    OF DIRECT FOREIGN SUBSIDIARIES) SHALL BE GOVERNED BY, AND CONSTRUED IN
    ACCORDANCE WITH, THE LAWS OF THE STATE OF GEORGIA APPLICABLE TO CONTRACTS
    EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE NOTWITHSTANDING ITS
    EXECUTION AND DELIVERY OUTSIDE SUCH STATE.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE BORROWERS HEREBY
    EXPRESSLY AND IRREVOCABLY AGREE AND CONSENT THAT ANY SUIT, ACTION OR
    PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS
    CONTEMPLATED HEREIN MAY BE INSTITUTED IN ANY STATE OR FEDERAL COURT SITTING
    IN THE COUNTY OF HAMILTON, STATE OF TENNESSEE, UNITED STATES OF AMERICA OR
    THE COUNTY OF MECKLENBURG, STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA
    OR THE COUNTY OF FULTON OR DE KALB, STATE OF GEORGIA, UNITED STATES OF
    AMERICA, AND, BY THE EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH OF THE
    BORROWERS EXPRESSLY WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE
    TO THE LAYING OF VENUE IN, OR TO THE EXERCISE OF JURISDICTION OVER IT AND
    ITS PROPERTY BY, ANY SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING, AND
    EACH OF THE BORROWERS HEREBY IRREVOCABLY SUBMITS GENERALLY AND
    UNCONDITIONALLY TO THE JURISDICTION OF ANY SUCH COURT IN ANY SUCH SUIT,
    ACTION OR PROCEEDING.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE BORROWERS AGREE THAT
    SERVICE OF PROCESS MAY BE MADE BY PERSONAL SERVICE OF A COPY OF THE SUMMONS
    AND COMPLAINT OR OTHER LEGAL PROCESS IN ANY SUCH SUIT, ACTION OR PROCEEDING,
    OR BY REGISTERED OR CERTIFIED MAIL (POSTAGE PREPAID) TO THE ADDRESS OF THE
    BORROWERS PROVIDED IN SECTION 11.2, OR BY ANY OTHER METHOD OF SERVICE
    PROVIDED FOR UNDER THE APPLICABLE LAWS IN EFFECT.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOTHING CONTAINED IN <u>SUBSECTIONS
    (a)</u> OR <u>(b)</u> HEREOF SHALL PRECLUDE THE AGENT OR ANY LENDER FROM
    BRINGING ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY
    LOAN DOCUMENT IN THE COURTS OF ANY JURISDICTION WHERE THE BORROWERS OR ANY
    OF THE BORROWERS&#146; PROPERTY OR ASSETS MAY BE FOUND OR LOCATED.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN ANY ACTION OR
    PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER OR RELATED TO
    ANY LOAN DOCUMENT OR ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT
    DELIVERED OR THAT MAY IN THE FUTURE BE DELIVERED IN CONNECTION THEREWITH,
    THE BORROWERS, THE AGENT AND THE LENDERS HEREBY AGREE, TO THE EXTENT
    PERMITTED BY APPLICABLE LAW, THAT ANY SUCH ACTION OR PROCEEDING SHALL BE
    TRIED BEFORE A COURT AND NOT BEFORE A JURY AND HEREBY IRREVOCABLY WAIVE, TO
    THE EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT SUCH PERSON MAY HAVE TO
    TRIAL BY JURY IN ANY SUCH ACTION OR PROCEEDING.</font></p>
  </blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Payments</u>. All
principal, interest and other amounts to be paid by the Borrowers under this
Agreement and the other Loan Documents shall be made to the Agent at the
Principal Office in Dollars and in immediately available funds, without setoff,
deduction or counterclaim. Whenever any payment under this Agreement or any
other Loan Document shall be stated to be due on a day that is not a Business
Day, such payment may be made on the next succeeding Business Day, and such
extension of time in such case shall be included in the computation of interest
and fees, as applicable, and as the case may be.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Subordination</u>.
Until the Obligations are paid in full and the Agent and the Lenders are under
no further obligation to lend or extend funds or credit which would constitute
Obligations, the Borrowers hereby</font></p>
    <p ALIGN="center">&nbsp;</p>
    <p ALIGN="center">62</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">unconditionally subordinate all present and
future debts, liabilities or obligations of any Guarantor or any Subsidiary
which is not a Guarantor, as the case may be, to the Borrowers to the
Obligations, and all amounts due under such debts, liabilities, or obligations
shall, upon the occurrence and during the continuance of an Event of Default, be
collected for and upon request of Agent paid over forthwith to the Agent, for
the benefit of the Lenders, on account of the Obligations and, pending such
payment, shall be held by the Borrowers as agent and bailee of the Agent and the
Lenders separate and apart from all other funds, property and accounts of the
Borrowers; <u>provided</u> that (a) the foregoing subordination shall not apply
to the Intercompany Accounts until the Senior Credit Agreement is terminated and
all obligations thereunder are paid in full, and (b) the foregoing subordination
and the Borrowers&#146; obligations with respect thereto shall be subject to the
terms of the Intercreditor Agreement. The Borrowers shall execute such further
documents in favor of the Agent, for the benefit of the Lenders, to further
evidence and support the purpose of this <u>Section 11.16</u>. The Borrowers
hereby irrevocably waive and release any right or rights of subrogation or
contribution existing at law, by contract or otherwise to recover all or any
portion of any payment made hereunder from any Guarantor unless and until the
Obligations are paid in full and the Agent and the Lenders are under no further
obligation to lend or extend further credit which would constitute Obligations.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">11.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Joint and Several
Obligations</u>. The Loan to Borrowers under this Agreement and the Obligations
shall constitute one joint and several general obligation of each of the
Borrowers and Guarantors. Each Borrower and Guarantor shall be jointly and
severally liable to the Lenders for all Obligations hereunder, it being
stipulated and agreed that the Loan inures to the benefit of each of the
Borrowers and Guarantors, and that the Lenders are relying on the joint and
several liability of the Borrowers and Guarantors in extending credit hereunder.
Each Borrower and Guarantor agrees that the joint and several liability of the
Borrowers and Guarantors shall not be impaired or affected by any modification,
supplement, extension or amendment of any contract or agreement to which the
parties thereto may hereafter agree, nor by any delay, extension of time,
renewal, compromise or other indulgence granted by the Lenders with respect to
any of the Obligations, nor by any other agreements or arrangements whatever
with the Borrowers and Guarantors, each Borrower and Guarantor hereby waiving
all notice of any such delay, extension, release, substitution, renewal,
compromise or other indulgence, and hereby consenting to be bound thereby as
fully and effectually as if it had expressly agreed thereto in advance. The
liability of each Borrower and Guarantor hereunder is direct and unconditional
as to all of the Obligations hereunder, and may be enforced without requiring
the Lenders first to resort to any other right, remedy or security; neither
Borrower nor any Guarantor shall have any right of subrogation, reimbursement or
indemnity whatsoever, nor any right of recourse to security for any of the
Obligations hereunder, unless and until all of said Obligations have been paid
in full; nothing shall discharge or satisfy the liability of either Borrower or
any Guarantor hereunder except the full payment and performance of all of the
Obligations; any and all present and future debts and obligations of each
Borrower to the other Borrower or any Guarantor are hereby waived and postponed
in favor of and subordinated to the full payment and performance of all present
and future obligations of the Borrowers and Guarantors to the Lenders.</font></p>
<p ALIGN="CENTER" style="text-indent: 60"><font face="Times New Roman">[Signatures on following pages]</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
    <p ALIGN="center">63</p>
    <hr color="#000080">
    <p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">IN WITNESS WHEREOF</font></b><font face="Times New Roman">,
the parties hereto have caused this instrument to be made, executed and
delivered by their duly authorized officers as of the day and year first above
written.</font></p>
<table border="0" width="685">
  <tr>
    <td width="306">
                        <p ALIGN="JUSTIFY">&nbsp;</p>
    </td>
    <td width="365">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">MILLER
                        INDUSTRIES, INC.</font></p>
    </td>
  </tr>
  <tr>
    <td width="306">
                        <p ALIGN="JUSTIFY">&nbsp;</p>
    </td>
    <td width="365">
                        <p ALIGN="JUSTIFY"></p>
    </td>
  </tr>
  <tr>
    <td width="306">
                        <p ALIGN="JUSTIFY">&nbsp;</p>
    </td>
    <td width="365">
                        <p ALIGN="JUSTIFY"></p>
    </td>
  </tr>
  <tr>
    <td width="306"><p ALIGN="JUSTIFY">&nbsp;</p>
    </td>
    <td width="365">

<font SIZE="2">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">By:&nbsp;
                        <i>/s/ Frank Madonia</i>
      <hr width="95%" align="right" color="#000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:
                        Frank Madonia<br>
                        <font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:
                        Attorney-in-Fact</font></font>
</font>
      <p ALIGN="JUSTIFY">&nbsp;</p>
    </td>
  </tr>
  <tr>
    <td width="306">
                        <p ALIGN="JUSTIFY"></p>
    </td>
    <td width="365">
                        <p ALIGN="JUSTIFY"></p>
    </td>
  </tr>
  <tr>
    <td width="306">
                        <p ALIGN="JUSTIFY"></p>
    </td>
    <td width="365">
                        <p ALIGN="JUSTIFY"></p>
    </td>
  </tr>
  <tr>
    <td width="306">
                        <p ALIGN="JUSTIFY"></p>
    </td>
    <td width="365">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">MILLER
                        INDUSTRIES TOWING EQUIPMENT
                        INC.</font></p>
    </td>
  </tr>
  <tr>
    <td width="306">
                        <p ALIGN="JUSTIFY"></p>
    </td>
    <td width="365">
                        <p ALIGN="JUSTIFY"></p>
    </td>
  </tr>
  <tr>
    <td width="306">
                        <p ALIGN="JUSTIFY"></p>
    </td>
    <td width="365">
                        <p ALIGN="JUSTIFY"></p>
    </td>
  </tr>
  <tr>
    <td width="306">
                        <p ALIGN="JUSTIFY"></p>
    </td>
    <td width="365">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">By:&nbsp;
                        <i>/s/ Frank Madonia</i>
      <hr width="95%" align="right" color="#000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:
                        Frank Madonia<br>
                        <font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:
                        Attorney-in-Fact</font></font>
                           </td>
  </tr>
  <tr>
    <td width="306"></td>
    <td width="365"></td>
  </tr>
</table>
                        <u>
                        <p>&nbsp;</p>
                        <p>&nbsp;</p>
                        <p>&nbsp;</p>
                        <p>&nbsp;</p>
                        <p>&nbsp;</p>
                        <p>&nbsp;</p>
                        <hr align="right" color="#000080">
                        <p>&nbsp;</p>
  <p ALIGN="JUSTIFY"></u></p>
<u>
<table border="0" width="685">
  <tr>
    <td width="306">

<font SIZE="2">
                        <u>
                        <font face="Times New Roman">ACKNOWLEDGED AND CONSENTED TO:</font></u>
</font>
    </td>
    <td width="365"></td>
  </tr>
  <tr>
    <td width="306"></td>
    <td width="365"><font SIZE="2"><u><font face="Times New Roman">GUARANTORS</font></u><font face="Times New Roman">:</font>
</font>
    </td>
  </tr>
  <tr>
    <td width="306"></td>
    <td width="365"></u>

<font SIZE="2">
                      <p ALIGN="JUSTIFY"><font face="Times New Roman">ACKERMAN
                      WRECKER SERVICE, INC.<br>
                      A-EXCELLENCE
                      TOWING CO.<br>
                      ALL
                      AMERICAN TOWING SERVICES, INC.<br>
                      ALLIED
                      GARDENS TOWING, INC.<br>
                      ALLIED
                      TOWING AND RECOVERY, INC.<br>
                      ALTAMONTE
                      TOWING, INC.<br>
                      ANDERSON
                      TOWING SERVICE, INC.<br>
                      APACO,
                      INC.<br>
                      ARROW
                      WRECKER SERVICE, INC.<br>
                      A TO Z
                      ENTERPRISES, INC.<br>
                      B&amp;B
                      ASSOCIATED INDUSTRIES, INC.<br>
                      B-G
                      TOWING, INC.<br>
                      BEAR
                      TRANSPORTATION, INC.<br>
                      BEATY
                      TOWING &amp; RECOVERY, INC.<br>
                      BERT&#146;S
                      TOWING RECOVERY<br>
                      </font>
</font>
</font>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman"><font SIZE="2">CORPORATION<br>
    BOB BOLIN
                      SERVICES, INC.<br>
    BOB&#146;S AUTO
                      SERVICE, INC.<br>
    BOB
                      VINCENT AND SONS WRECKER<br>
</font>
    </font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman"><font SIZE="2">SERVICE,
                      INC.<br>
    BOULEVARD
                      &amp; TRUMBULL TOWING, INC.<br>
</font>
    </font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman"><font SIZE="2">BREWER&#146;S,
                      INC.<br>
    BRYRICH
                      CORPORATION<br>
    C&amp;L
                      TOWING SERVICES, INC.<br>
    CAL WEST
                      TOWING, INC.<br>
    CARDINAL
                      CENTRE ENTERPRISES, INC.<br>
    CEDAR
                      BLUFF 24 HOUR TOWING, INC.<br>
    CENTRAL
                      VALLEY TOWING, INC.<br>
    CENTURY
                      HOLDINGS, INC.<br>
    CHAD&#146;S,
                      INC.<br>
    CHAMPION
                      CARRIER CORPORATION<br>
    CHEVRON,
                      INC.<br>
    CHICAGO
                      METRO SERVICES, INC.<br>
    CLARENCE
                      CORNISH AUTOMOTIVE<br>
</font>
    </font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font SIZE="2"><font face="Times New Roman">SERVICE,
                      INC.<br>
    CLEVELAND
                      VEHICLE DETENTION<br>
    CENTER,
                      INC.</font>
</font>
  </p>
  <font SIZE="2">
                      <p ALIGN="JUSTIFY"><font face="Times New Roman">COFFEY&#146;S
                      TOWING, INC.<br>
                      COLEMAN&#146;S
                      TOWING &amp; RECOVERY, INC.<br>
                      COMPETITION WHEELIFT, INC.<br>
                      D.A. HANELINE, INC.<br>
                      DICK&#146;S
                      TOWING &amp; ROAD SERVICE, INC.<br>
                      DOLLAR
                      ENTERPRISES, INC.<br>
                      DON&#146;S
                      TOWING, INC.<br>
                      DUGGER&#146;S
                      SERVICES, INC.<br>
                      DUN-RITE
                      TOWING, INC.<br>
                      DURU, INC.<br>
                      DVREX,
                      INC.<br>
                      E.B.T.,
                      INC.<br>
                      EXPORT
                      ENTERPRISES, INC.<br>
                      GARY&#146;S
                      TOWING &amp; SALVAGE POOL, INC.<br>
                      GOLDEN
                      WEST TOWING EQUIPMENT INC.</font></p>
<u>
                      </u></font>
  </td>
  </tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<hr align="right" color="#000080">
                    <p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
<u>
    <td width="306"></td>
    </u>
    <td width="365"><font SIZE="2">
                      <p ALIGN="JUSTIFY"><font face="Times New Roman">GOOD
                      MECHANIC AUTO CO. OF<br>
                      RICHFIELD,
                      INC.<br>
                      GREAT
                      AMERICA TOWING, INC.<br>
                      GREG&#146;S
                      TOWING, INC.<br>
                      H&amp;H
                      TOWING ENTERPRISES, INC.<br>
                      HALL&#146;S
                      TOWING SERVICE, INC.<br>
                      HENDRICKSON
                      TOWING, INC.<br>
                      H.M.R.
                      ENTERPRISES, INC.<br>
                      INTERSTATE
                      TOWING &amp; RECOVERY, INC.<br>
                      KAUFF&#146;S,
                      INC.<br>
                      KAUFF&#146;S OF
                      FT. PIERCE, INC.<br>
                      KAUFF&#146;S OF
                      MIAMI, INC.<br>
                      KAUFFS OF
                      PALM BEACH, INC.<br>
                      KEN&#146;S
                      TOWING, INC.<br>
                      KING
                      AUTOMOTIVE &amp; INDUSTRIAL<br>
                      EQUIPMENT,
                      INC.<br>
                      LAZER TOW
                      SERVICES, INC.<br>
                      LEVESQUE&#146;S
                      AUTO SERVICE, INC.<br>
                      LINCOLN
                      TOWING ENTERPRISES, INC.<br>
                      LWKR, INC.<br>
                      M&amp;M
                      TOWING AND RECOVERY, INC.<br>
                      MAEJO,
                      INC.<br>
                      MEL&#146;S
                      ACQUISITION CORP.<br>
                      MERL&#146;S
                      TOWING SERVICE, INC.<br>
                      MID
                      AMERICA WRECKER &amp; EQUIPMENT<br>
                      SALES,
                      INC. OF COLORADO<br>
                      MIKE&#146;S
                      WRECKER SERVICE, INC.<br>
                      MILLER
                      FINANCIAL SERVICES GROUP,</font></font>&nbsp;<font SIZE="2"><font face="Times New Roman">INC.<br>
      MILLER/GREENEVILLE,
                      INC.<br>
      MILLER
                      INDUSTRIES DISTRIBUTING, INC.<br>
      MILLER
                      INDUSTRIES INTERNATIONAL, INC.<br>
      MOORE&#146;S
                      SERVICE &amp; TOWING, INC.<br>
      MOORE&#146;S
                      TOWING SERVICE, INC.<br>
      MOSTELLER&#146;S
                      GARAGE, INC.<br>
      MURPHY&#146;S
                      TOWING, INC.<br>
      OFFICIAL
                      TOWING, INC.<br>
      O&#146;HARE
                      TRUCK SERVICE, INC.<br>
      P. A. T.,
                      INC.<br>
      PIPES
                      ENTERPRISES, INC.<br>
      PRO-TOW,
                      INC.<br>
      PULLEN&#146;S
                      TRUCK CENTER, INC.<br>
      PURPOSE,
                      INC.<br>
      RAR
                      ENTERPRISES, INC.<br>
      RANDY&#146;S
                      HIGH COUNTRY TOWING, INC.<br>
      RAY
                      HARRIS, INC.<br>
      RMA
                      ACQUISITION CORP.<br>
      RRIC
                      ACQUISITION CORP.<br>
      RAY&#146;S
                      TOWING, INC.<br>
      RBEX INC.<br>
      RECOVERY
                      SERVICES, INC.<br>
      RTIEX,
                      INC.<br>
      R.M.W.S.,
                      INC.<br>
      ROAD ONE,
                      INC.<br>
      ROADONE
                      EMPLOYEE SERVICES, INC.<br>
      </font></p>
      </font>
    </td>
  </tr>
</table>
                    <p ALIGN="JUSTIFY">&nbsp;</p>
                    <p ALIGN="JUSTIFY">&nbsp;</p>
<hr align="right" color="#000080">
                    <p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
<u>
    <td width="306"></td>
    </u>
    <td width="365"><font SIZE="2">
                      <p ALIGN="JUSTIFY"><font face="Times New Roman">ROAD ONE
                      INSURANCE SERVICES, INC.<br>
                      ROAD ONE
                      SERVICE, INC.<br>
                      ROADONE
                      SPECIALIZED<br>
                      TRANSPORTATION,
                      INC.<br>
                      ROADONE
                      TRANSPORTATION AND<br>
                      LOGISTICS,
                      INC.<br>
                      SANDY&#146;S
                      AUTO &amp; TRUCK SERVICE, INC.<br>
                      SAKSTRUP
                      TOWING, INC.<br>
                      SONOMA
                      CIRCUITS, INC.<br>
                      SOUTHERN
                      WRECKER CENTER, INC.<br>
                      SOUTHERN
                      WRECKER SALES, INC.<br>
                      SOUTHWEST
                      TRANSPORT, INC.<br>
                      SPEED&#146;S
                      AUTOMOTIVE, INC.<br>
                      SPEED&#146;S
                      RENTALS, INC.<br>
                      SROGA&#146;S
                      AUTOMOTIVE SERVICES, INC.<br>
                      SUBURBAN
                      WRECKER SERVICE, INC.<br>
                      TEAM
                      TOWING AND RECOVERY, INC.<br>
                      TED&#146;S OF FAYVILLE, INC.<br>
                      TEXAS
                      TOWING CORPORATION<br>
                      THOMPSON&#146;S
                      WRECKER SERVICE, INC.<br>
                      TOW PRO
                      CUSTOM TOWING &amp; HAULING, INC.<br>
                      TREASURE
                      COAST TOWING, INC.<br>
                      TREASURE
                      COAST TOWING OF MARTIN COUNTY, INC.<br>
                      TRUCK
                      SALES &amp; SALVAGE CO., INC.<br>
                      WALKER
                      TOWING, INC.<br>
                      WES&#146;S
                      SERVICE INCORPORATED<br>
                      WESTERN
                      TOWING; MCCLURE/EARLEY<br>
                      ENTERPRISES,
                      INC.<br>
                      WHITEY&#146;S
                      TOWING, INC.<br>
                      WILTSE
                      TOWING, INC.<br>
                      ZEBRA
                      TOWING, INC.<br>
                      ZEHNER
                      TOWING &amp; RECOVERY, INC.</font></p>
</font>
<u>
<p>&nbsp;</u></td>
  </tr>
</table>
                  <p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
<u>
    <td width="306"></td>
    </u>
    <td width="365">

<font SIZE="2">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">By:&nbsp;
                        <i>/s/ Frank Madonia</i>
<u>
      <hr width="95%" align="right" color="#000000"></u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:
                        Frank Madonia<br>
                        <font face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:
                        Attorney-in-Fact</font></font>
</font>
<u>
      </td>
    </u>
  </tr>
</table>
                  <p ALIGN="JUSTIFY">&nbsp;</p>
                  <p ALIGN="JUSTIFY">&nbsp;</p>
                  <p ALIGN="JUSTIFY">&nbsp;</p>
<hr align="right" color="#000080">
                  <p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
<u>
    <td width="306"></td>
    </u>
    <td width="365">

<font SIZE="2">
                      <p ALIGN="JUSTIFY"><font face="Times New Roman">BANK OF
                      AMERICA, N.A., as Agent for the Lenders</font></p>
                      <p ALIGN="JUSTIFY">&nbsp;</p>
                      <p ALIGN="JUSTIFY"><font face="Times New Roman">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
                      Name:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
                      Title:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
                      </font></p>
</font>
    </td>
  </tr>
</table>
                  <p ALIGN="JUSTIFY">&nbsp;</p>
                      <p ALIGN="JUSTIFY"><u></p>
                      </u>
<hr align="right" color="#000080">
                      <p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
<u>
    <td width="306"></td>
    </u>
    <td width="365">

<font SIZE="2">
                      <p><font face="Times New Roman">BANK OF
                      AMERICA, N.A.</font></p>
                      <p>&nbsp;</p>
                      <p><font face="Times New Roman">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
                      John P. McDuffie</i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
                      Name: &nbsp;&nbsp;&nbsp;John
                      P. McDuffie<br>
                      Title: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President</font></p>
</font>
    </td>
  </tr>
</table>
                      <p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
<u>
    <td width="306"></td>
    </u>
    <td width="365">

<font SIZE="2">
</font>
      <font face="Times New Roman">Lending
                      Office:</font><font SIZE="2">
      <blockquote>
        <blockquote>
                          <p ALIGN="JUSTIFY"><font face="Times New Roman">Bank
                          of America, N.A.<br>
                          Independence
                          Center, 15th Floor<br>
                          NC1-001-15-04<br>
                          Charlotte,
                          North Carolina 28255<br>
                          Attention:
                          Agency Services<br>
                          Telephone:
                          704-387-2470<br>
                          Telefacsimile:
                          704-409-0009</font></p>
        </blockquote>
      </blockquote>
</font>
      <p>&nbsp;</td>
  </tr>
</table>
                      <p ALIGN="JUSTIFY">&nbsp;</p>
                      <p ALIGN="JUSTIFY">&nbsp;</p>
<hr align="right" color="#000080">
                          <p ALIGN="JUSTIFY">&nbsp;</p>
                          <p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
<u>
    <td width="306"></td>
    </u>
    <td width="365"><font SIZE="2">
                      <p ALIGN="JUSTIFY"><font face="Times New Roman">WACHOVIA
                      BANK, N.A.</font></p>
                      <p ALIGN="JUSTIFY">&nbsp;</p>
                      <p ALIGN="JUSTIFY">&nbsp;</p>
                      <p ALIGN="JUSTIFY"><font face="Times New Roman">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
                      William W. Teegarden&nbsp;</i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
                      </u>Name: &nbsp;&nbsp;&nbsp;William W. Teegarden<br>
                      Title: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President</font></p>
                      <p ALIGN="JUSTIFY">&nbsp;</p>
                      <p ALIGN="JUSTIFY"><font face="Times New Roman">Lending
                      Office:</font></p>
      <blockquote>
                          <p ALIGN="JUSTIFY"><font face="Times New Roman">Wachovia
                          Bank, N.A.<br>
                          U.S. Corporate Finance<br>
                          191 Peachtree Street North East,
28th Floor<br>
                          Atlanta,
                            Georgia 30303<br>
                          Attention:
                            William W. Teegarden<br>
                          Telephone: 404-332-1345<br>
                          Telefacsimile: 404-332-4136</font></p>
      </blockquote>
</font>
</td>
  </tr>
</table>
                          <p ALIGN="JUSTIFY">&nbsp;</p>
<hr align="right" color="#000080">
                            <p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
<u>
    <td width="306"></td>
    </u>
    <td width="365"><font SIZE="2">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">AMSOUTH
                        BANK</font></p>
                        <p ALIGN="JUSTIFY">&nbsp;</p>
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
                        M. Rex Hamilton&nbsp;</i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
                        Name:&nbsp;&nbsp; M.
                        Rex Hamilton<br>
                        Title: &nbsp;&nbsp;&nbsp;&nbsp;Commercial Banking Officer<br>
                        </font></p>
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">Lending
                        Office:</font></p>
      <blockquote>
                            <p ALIGN="JUSTIFY"><font face="Times New Roman">AmSouth
                            Bank<br>
                            1900 5<sup>th</sup> Ave. North,
AST 6<sup>th</sup> Floor<br>
                            Birmingham,
                            Alabama 35203<br>
                            Attention:
                            Rex Hamilton<br>
                            Telephone:
                            205-320-7116<br>
                            Telefacsimile: 205-326-4790</font></p>
      </blockquote>
</font>
    </td>
  </tr>
</table>
                            <p ALIGN="JUSTIFY">&nbsp;</p>
                        <p ALIGN="LEFT">&nbsp;</p>
<hr align="right" color="#000080">
                        <p ALIGN="LEFT">&nbsp;</p>
<table border="0" width="685">
  <tr>
<u>
    <td width="306"></td>
    </u>
    <td width="365"><font SIZE="2">
                        <p ALIGN="LEFT"><font face="Times New Roman">SUNTRUST
                        BANK</font></p>
                        <p ALIGN="JUSTIFY">&nbsp;</p>
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
                        Samuel Ballesteros&nbsp;</i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></font>&nbsp;<font SIZE="2">
                        <font face="Times New Roman"><br>
                        Name: &nbsp;&nbsp;Samuel Ballesteros<br>
                        Title: &nbsp;&nbsp;&nbsp;&nbsp;Director</font></p>
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">Lending
                        Office:</font></p>
      <blockquote>
                            <p ALIGN="JUSTIFY"><font face="Times New Roman">SunTrust
                            Bank<br>
                            201
                            Fourth Avenue North, 12th Floor<br>
                            Nashville,
                            Tennessee 37219<br>
                            Attention:
                            Samuel Ballesteros<br>
                            Telephone:
                            615-748-4737<br>
                            Telefacsimile:
                            615-748-5700<br>
                            </font></p>
      </blockquote>
</font>
    </td>
  </tr>
</table>
                        <p ALIGN="LEFT">&nbsp;</p>
                            <p ALIGN="LEFT">&nbsp;</p>
                            <p ALIGN="LEFT">&nbsp;</p>
                            <p ALIGN="LEFT">&nbsp;</p>
                            <p ALIGN="LEFT">&nbsp;</p>
                            <p ALIGN="LEFT">&nbsp;</p>
<hr align="right" color="#000080" size="4">
                            <p ALIGN="LEFT">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <blockquote>
            <blockquote>
              <blockquote>
                <blockquote>
                  <blockquote>
                    <blockquote>
                      <blockquote>
                        <blockquote>
                          <blockquote>
                            <p ALIGN="LEFT">&nbsp;</p>
                          </blockquote>
                        </blockquote>
                      </blockquote>
                    </blockquote>
                  </blockquote>
                </blockquote>
              </blockquote>
            </blockquote>
          </blockquote>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">EXHIBIT A</font></p>
</u>
<p ALIGN="CENTER"><font face="Times New Roman">Applicable Commitment Percentages</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">Applicable</font></p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <blockquote>
            <blockquote>
              <blockquote>
                <p ALIGN="JUSTIFY"><font face="Times New Roman">Commitment</font></p>
              </blockquote>
            </blockquote>
          </blockquote>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<table border="0" width="100%" cellpadding="7">
  <tr>
    <td valign="bottom">
<p ALIGN="JUSTIFY"><font SIZE="2">
<u>
<font face="Times New Roman">Lender</font></u>
</font>
      </p>
    </td>
    <td valign="bottom">
<p ALIGN="JUSTIFY"><font face="Times New Roman" SIZE="2"><u>Commitment</u></font></p>
    </td>
    <td valign="bottom">
<p ALIGN="JUSTIFY"><font SIZE="2"><font face="Times New Roman"><u>Applicable<br>
</u><u>&nbsp;Commitment<br>
</u>&nbsp;</font><u><font face="Times New Roman">Percentage</font>
</u>
</font>
      </p>
    </td>
  </tr>
  <tr>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman">Bank of America, N.A.</font></p>
    </td>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman">
$7,600,000.00</font></p>
    </td>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman"> 54.2857142857%</font></p>
    </td>
  </tr>
  <tr>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman">Wachovia Bank, N.A.</font></p>
    </td>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman">
$2,400,000.00</font></p>
    </td>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman"> 17.1428571429%</font></p>
    </td>
  </tr>
  <tr>
    <td><font SIZE="2">
<p ALIGN="JUSTIFY"><font face="Times New Roman">AmSouth Bank, f/k/a</font>
</font>
      <font face="Times New Roman"><br>
      First American National Bank</font></p>
    </td>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman">
$2,000,000.00</font></p>
    </td>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman"> 14.2857142857%</font></p>
    </td>
  </tr>
  <tr>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman">SunTrust Bank</font></p>
    </td>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman"> $2,000,000.00</font></p>
    </td>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman">
14.2857142857%</font></p>
    </td>
  </tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">A-1</p>
<hr align="right" color="#000080" size="4">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="center">&nbsp;</p>
<p ALIGN="center">&nbsp;</p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">EXHIBIT B</font></p>
</u>
<p ALIGN="CENTER"><font face="Times New Roman">Form of Assignment and Acceptance</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">DATED _________, ___</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Reference is made to the Amended
an Restated Credit Agreement dated as of July 23, 2001 (as from time to time
amended, restated, supplemented, modified, or replaced, the
&quot;Agreement&quot;) among MILLER INDUSTRIES, INC., a Tennessee corporation
(&quot;Miller&quot;), MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware
Corporation (&quot;Miller Towing,&quot; and together with Miller, the
&quot;Borrowers&quot;), the Lenders (as defined in the Agreement), and Bank of
America, N.A., as Agent for the Lenders (&quot;Agent&quot;). Unless otherwise
defined herein, terms defined in the Agreement are used herein with the same
meanings.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The &quot;Assignor&quot; and the
&quot;Assignee&quot; referred to on Schedule 1 agree as follows:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Assignor hereby sells and
assigns to the Assignee, WITHOUT RECOURSE and without representation or warranty
except as expressly set forth herein, and the Assignee hereby purchases and
assumes from the Assignor, an interest in and to the Assignor&#146;s rights and
obligations under the Credit Agreement and the other Loan Documents (including
the Warrant Agreement) as of the date hereof equal to the percentage interest in
the Commitment specified on <u>Schedule 1</u>. After giving effect to such sale
and assignment, the Assignee&#146;s Term Loan Commitment and the amount of the Loan
owing to the Assignee will be as set forth on <u>Schedule 1</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Assignor (i) represents
and warrants that it is the legal and beneficial owner of the interest being
assigned by it hereunder and that such interest is free and clear of any adverse
claim; (ii) makes no representation or warranty and assumes no responsibility
with respect to any statements, warranties or representations made in or in
connection with the Loan Documents or the execution, legality, validity,
enforceability, genuineness, sufficiency or value of the Loan Documents or any
other instrument or document furnished pursuant thereto; (iii) makes no
representation or warranty and assumes no responsibility with respect to the
financial condition of any Loan Party or the performance or observance by any
Loan Party of any of its obligations under the Loan Documents or any other
instrument or document furnished pursuant thereto; and (iv) attaches the Note
held by the Assignor and requests that the Agent exchange such Note for a new
Note payable to the order of the Assignee in an amount equal to the Commitment
assumed by the Assignee pursuant hereto and to the Assignor in an amount equal
to the Commitment retained by the Assignor, if any, as specified on <u>Schedule
1</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Assignee (i) confirms
that it has received a copy of the Credit Agreement, together with copies of the
financial statements referred to in <u>Section 7.1</u> thereof and such other
documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Assignment and Acceptance; (ii) agrees
that it will, independently and without reliance upon the Agent, the Assignor or
any other Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Agreement; (iii) confirms that it is an
Eligible Assignee; (iv) appoints and authorizes the Agent to take such action as
agent on its behalf and to exercise such powers and discretion under the Credit
Agreement as are delegated to the Agent by the terms thereof, together with such
powers and discretion as are reasonably incidental thereto; (v) agrees that it
will perform in accordance with their terms all of the obligations that by the
terms of the Credit Agreement are required to be performed by it as a Lender;
and (vi) attaches any U.S. Internal Revenue Service or other forms required
under <u>Section 4.6</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following the execution of
this Assignment and Acceptance, it will be delivered to the Agent for acceptance
and recording by the Agent and approval by Miller if required under the Credit
Agreement. The effective date for this Assignment and Acceptance (the &quot;<u>Effective
Date</u>&quot;) shall be the date of acceptance hereof by the Agent and approval
by Miller if required under the Credit Agreement, unless otherwise specified on <u>Schedule
1</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon such acceptance and
recording by the Agent and approval by Miller if required under the Credit
Agreement, as of the Effective Date, (i) the Assignee shall be a party to the
Credit Agreement and, to the extent provided in this Assignment and Acceptance,
have the rights and obligations of a Lender thereunder and under the Loan
Documents (including the Warrant Agreement), and (ii) the Assignor shall, to the
extent provided in this Assignment and Acceptance, relinquish its rights and be
released from its obligations under the Credit Agreement.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">B-1</p>
<hr align="right" color="#000080" size="4">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upon such acceptance and
recording by the Agent and approval by Miller if required under the Credit
Agreement, from and after the Effective Date, the Agent shall make all payments
under the Credit Agreement and the Notes in respect of the interest assigned
hereby (including, without limitation, all payments of principal, interest and
commitment fees with respect thereto) to the Assignee. The Assignor and Assignee
shall make all appropriate adjustments in payments under the Credit Agreement
and the Notes for periods prior to the Effective Date directly between
themselves.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Assignment and
Acceptance shall be governed by, and construed in accordance with, the laws of
the State of Georgia.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Assignment and
Acceptance may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute one
and the same agreement. Delivery of an executed counterpart of <u>Schedule 1</u>
to this Assignment and Acceptance by telefacsimile shall be effective as
delivery of a manually executed counterpart of this Assignment and Acceptance.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">B-2</p>
<hr align="right" color="#000080" size="4">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">IN WITNESS WHEREOF, the Assignor
and the Assignee have caused this Assignment and Acceptance and <u>Schedule 1</u>
to this Assignment and Acceptance to be executed by their officers thereunto
duly authorized as of the date specified thereon.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="652">
  <tr>
    <td width="584"></td>
    <td width="367">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">[NAME OF
                        ASSIGNOR], as Assignor</font></p>
    </td>
  </tr>
  <tr>
    <td width="584"></td>
    <td width="367">
                        <p ALIGN="JUSTIFY"></p>
    </td>
  </tr>
  <tr>
    <td width="584"></td>
    <td width="367"><p ALIGN="JUSTIFY"><font face="Times New Roman">By:___________________________________</font></p>
    </td>
  </tr>
  <tr>
    <td width="584"></td>
    <td width="367">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">Title:__________________________________</font></p>
    </td>
  </tr>
  <tr>
    <td width="584"></td>
    <td width="367">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">Dated:______________________,
                        20 _</font></p>
    </td>
  </tr>
  <tr>
    <td width="584"></td>
    <td width="367">
                        <p ALIGN="JUSTIFY"></p>
    </td>
  </tr>
  <tr>
    <td width="584"></td>
    <td width="367">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">[NAME OF
                        ASSIGNEE], as Assignee</font></p>
    </td>
  </tr>
  <tr>
    <td width="584"></td>
    <td width="367">
                        <p ALIGN="JUSTIFY"></p>
    </td>
  </tr>
  <tr>
    <td width="584"></td>
    <td width="367">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">By:___________________________________</font></p>
    </td>
  </tr>
  <tr>
    <td width="584"></td>
    <td width="367">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">Title:</font></p>
    </td>
  </tr>
  <tr>
    <td width="584"></td>
    <td width="367">
                        <p ALIGN="JUSTIFY"></p>
    </td>
  </tr>
  <tr>
    <td width="584"></td>
    <td width="367">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">Lending
                        Office:</font></p>
    </td>
  </tr>
</table>
                        <p ALIGN="JUSTIFY">&nbsp;</p>
                        <p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">Accepted [and Approved] *<br>
this ___ day of ___________, 20
_</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">BANK OF AMERICA, N.A., as Agent</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">By:_________________________________________<br>
Title:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">[Approved this ____ day<br>
of ____________, 20__</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">MILLER INDUSTRIES, INC.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">By:<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>]*<br>
Title:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">* Required if the Assignee is an
Eligible Assignee solely by reason of clause (iii) of the definition of
&quot;Eligible Assignee&quot;.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">B-3</p>
<hr align="right" color="#000080" size="4">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">SCHEDULE 1</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">to</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">ASSIGNMENT AND ACCEPTANCE</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685" cellpadding="7">
  <tr>
    <td width="363">
<p ALIGN="JUSTIFY"><font face="Times New Roman">Percentage interest of
Commitment assigned</font></p>
    </td>
    <td width="308">
<p ALIGN="JUSTIFY"><font face="Times New Roman">&nbsp;________%</font></p>
    </td>
  </tr>
  <tr>
    <td width="363">
<p ALIGN="JUSTIFY"><font face="Times New Roman">Assignee&#146;s Commitment:</font></p>
    </td>
    <td width="308">
<p ALIGN="JUSTIFY"><font face="Times New Roman">$_______</font></p>
    </td>
  </tr>
  <tr>
    <td width="363">
<p ALIGN="JUSTIFY"><font face="Times New Roman">Aggregate outstanding principal
amount of<br>
Loan assigned:</font></p>
    </td>
    <td width="308">
<p ALIGN="JUSTIFY"><font face="Times New Roman">$_______</font></p>
    </td>
  </tr>
  <tr>
    <td width="363">
<p ALIGN="JUSTIFY"><font face="Times New Roman">Principal amount of Note payable<br>
to Assignee:</font></p>
    </td>
    <td width="308">
<p ALIGN="JUSTIFY"><font face="Times New Roman">$_______</font></p>
    </td>
  </tr>
  <tr>
    <td width="363">
<p ALIGN="JUSTIFY"><font face="Times New Roman">Principal amount of Note payable<br>
to Assignor:</font></p>
    </td>
    <td width="308">
<p ALIGN="JUSTIFY"><font face="Times New Roman">$_______</font></p>
    </td>
  </tr>
  <tr>
    <td width="363">
<p ALIGN="JUSTIFY"><font face="Times New Roman">Effective Date (if other than
date<br>
of acceptance by Agent):</font></p>
    </td>
    <td width="308">
<p ALIGN="JUSTIFY"><font face="Times New Roman">&nbsp;_______, 20__</font></p>
    </td>
  </tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">B-4</p>
<hr align="right" color="#000080" size="4">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">EXHIBIT C</font></p>
</u>
<p ALIGN="CENTER"><font face="Times New Roman">Notice of Appointment (or
Revocation) of Authorized Representative</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman">Reference is hereby made to the
Amended and Restated Credit Agreement dated as of July 23, 2001 (the
&quot;Agreement&quot;) among MILLER INDUSTRIES, INC., a Tennessee corporation
(&quot;Miller&quot;), MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware
corporation (&quot;Miller Towing,&quot; and together with Miller the
&quot;Borrowers&quot;), the Lenders (as defined in the Agreement), and Bank of
America, N.A., as Agent for the Lenders (&quot;Agent&quot;). Capitalized terms
used but not defined herein shall have the respective meanings therefor set
forth in the Agreement.</font></p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman">Miller hereby nominates,
constitutes and appoints each individual named below as an Authorized
Representative under the Loan Documents, and hereby represents and warrants that
(i) set forth opposite each such individual&#146;s name is a true and correct
statement of such individual&#146;s office (to which such individual has been duly
elected or appointed), a genuine specimen signature of such individual and an
address for the giving of notice, and (ii) each such individual has been duly
authorized by Miller to act as Authorized Representative under the Loan
Documents:</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<table BORDER="0" CELLSPACING="0" CELLPADDING="5" WIDTH="638">
  <tr>
    <td WIDTH="33%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="LEFT"><font face="Times New Roman">Name and Address</font></font></td>
    <td WIDTH="33%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Office</font></font></td>
    <td WIDTH="33%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Specimen Signature</font></font></td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="33%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="33%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP">____________________________<br>
      ____________________________<br>
      ____________________________</td>
    <td WIDTH="33%" VALIGN="TOP">_______________________</td>
    <td WIDTH="33%" VALIGN="TOP"><p ALIGN="LEFT"><font size="2">__________________________</font></td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="33%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="33%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="33%" VALIGN="TOP">____________________________<br>
      ____________________________<br>
      ____________________________</td>
    <td WIDTH="33%" VALIGN="TOP">
      <p ALIGN="LEFT"><font size="2">___________________________</font></td>
    <td WIDTH="33%" VALIGN="TOP"><p ALIGN="LEFT"><font size="2">___________________________</font></td>
  </tr>
</table>
<font SIZE="2">
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT"><font face="Times New Roman">Miller hereby revokes (effective
upon receipt hereof by the Agent) the prior appointment of ________________ as
an Authorized Representative.</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT" style="text-indent: 60"><font face="Times New Roman">This the ___ day of
__________________, 20__.</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
                        <b>
                        <table border="0" width="591">
                          <tr>
                            <td width="593"></td>
                        </b>
                          <td width="294">
                        <p ALIGN="LEFT"><font face="Times New Roman"><b>MILLER
                        INDUSTRIES, INC.</b></font></p>
                            <p ALIGN="LEFT"><font face="Times New Roman">By:________________________________<br>
                            Name:_____________________________<br>
                            Title:______________________________</font></p>
                          </td>
                        </tr>
</table>
                        <p ALIGN="LEFT">&nbsp;</p>
                        <p ALIGN="LEFT">&nbsp;</p>
                        <p ALIGN="center"><font face="Times New Roman">C-1</font></p>
<hr align="right" color="#000080" size="3">
                        <p ALIGN="LEFT">&nbsp;</p>
                        <p ALIGN="LEFT"><u></p>
  <p ALIGN="CENTER"><font face="Times New Roman">EXHIBIT D</font></p>
</u>
<p ALIGN="CENTER"><font face="Times New Roman">Form of Note</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">Promissory Note<br>
(Term Loan)</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%" cellpadding="0">
  <tr>
    <td>
<p ALIGN="LEFT"><font face="Times New Roman">$__________________________&nbsp;</font></p>
    </td>
    <td align="right">
<p ALIGN="right"><font face="Times New Roman">
Charlotte, North Carolina&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td>
<p ALIGN="left"></p>
    </td>
    <td align="right">
<p ALIGN="RIGHT"><font face="Times New Roman">July 23, 2001&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
    </td>
  </tr>
</table>
<p ALIGN="RIGHT">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <b>
        <p ALIGN="JUSTIFY"><font face="Times New Roman">THIS NOTE AND THE
        INDEBTEDNESS EVIDENCED HEREBY HAVE BEEN SUBORDINATED TO CERTAIN
        OBLIGATIONS OF THE MAKER PURSUANT TO AN INTERCREDITOR AND SUBORDINATION
        AGREEMENT BETWEEN BANK OF AMERICA, N.A., AS JUNIOR AGENT, AND BANK OF
        AMERICA, N.A. AND THE CIT GROUP/BUSINESS CREDIT, INC., AS SENIOR AGENTS,
        AS AMENDED FROM TIME TO TIME.</font></p>
        </b>
        <p ALIGN="JUSTIFY">&nbsp;</p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">FOR VALUE RECEIVED, MILLER
INDUSTRIES, INC., a Tennessee corporation having its principal place of business
located in Ooltewah, Tennessee (&quot;Miller&quot;) and MILLER INDUSTRIES TOWING
EQUIPMENT INC., a Delaware corporation having its principal place of business
located in Ooltewah, Tennessee (&quot;Miller Towing&quot;) (Miller and Miller
Towing each are referred to as a &quot;Borrower&quot; and collectively, the
&quot;Borrowers&quot;), hereby promise to pay to the order of
________________________________ (the &quot;Lender&quot;), in its individual
capacity, at the office of BANK OF AMERICA, N.A., as agent for the Lenders (the
&quot;Agent&quot;), located at One Independence Center, 101 North Tryon Street,
NC1-001-15-04, Charlotte, North Carolina 28255 (or at such other place or places
as the Agent may designate in writing) at the times set forth in the Amended and
Restated Credit Agreement dated as of July 23, 2001 among the Borrowers, the
financial institutions party thereto (collectively, the &quot;Lenders&quot;) and
the Agent (as amended, supplemented or restated and in effect from time to time,
the &quot;Agreement&quot;; all capitalized terms not otherwise defined herein
shall have the respective meanings set forth in the Agreement), in lawful money
of the United States of America in immediately available funds, the principal
amount of ____________________________ DOLLARS ($___________) on the Term Loan
Termination Date or such earlier date as may be required pursuant to the terms
of the Agreement, and to pay interest from the date hereof on the unpaid
principal amount hereof, in like money, at said office, on the dates and at the
rates provided in <u>Article II</u> of the Agreement. All or any portion of the
principal amount of the Term Loan may be prepaid or required to be prepaid as
provided in the Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Each Borrower shall be jointly
and severally liable as a primary obligor.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">If payment of all sums due
hereunder is accelerated under the terms of the Agreement or under the terms of
the other Loan Documents executed in connection with the Agreement, the then
remaining principal amount hereof and accrued but unpaid interest thereon
evidenced by this Note shall become immediately due and payable, without
presentation, demand, protest or notice of any kind, all of which are hereby
waived by the Borrower.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">In the event this Note is not
paid when due at any stated or accelerated maturity, the Borrower agrees to pay,
in addition to the principal and interest due hereunder, all costs of
collection, including reasonable attorneys&#146; fees, and interest thereon at the
rates set forth above.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Interest hereunder shall be
computed as provided in the Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">This Note is one of the Notes
referred to in the Agreement evidencing the Term Loan and is issued pursuant to
and entitled to the benefits and security of the Agreement to which reference is
hereby made for a more complete statement of the terms and conditions upon which
the Term Loan evidenced hereby was made and is to be repaid. The obligations
evidenced hereby are secured by the Security Instruments. This Note is subject
to certain restrictions on transfer or assignment as provided in the Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0"><font face="Times New Roman">D-1</font></p>
<hr align="right" color="#000080" size="3">
<p ALIGN="center" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The indebtedness evidenced by
this Note constitutes a continuation and modification of a portion of that
indebtedness previously outstanding under the Existing Credit Agreement. This
Note is given as a substitution of, and not as a payment of, the existing
Amended and Restated Promissory Note (Revolving Loan) and the existing
Promissory Note (Term Loan), each dated July 26, 2000, of the Borrowers payable
to the Lender (the &quot;Existing Notes&quot;). All of the indebtedness,
liabilities and obligations owing by the Borrower under the Existing Notes shall
continue and be evidenced in part by this Note delivered in partial substitution
for, and not payment or novation of, the Existing Note.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">This Note shall be governed by
and construed in accordance with the laws of the State of Georgia.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">All Persons bound on this
obligation, whether primarily or secondarily liable as principals, sureties,
guarantors, endorsers or otherwise, hereby waive to the full extent permitted by
law all defenses based on suretyship or impairment of collateral and the
benefits of all provisions of law for stay or delay of execution or sale of
property or other satisfaction of judgment against any of them on account of
liability hereon until judgment be obtained and execution issued against any
other of them and returned unsatisfied or until it can be shown that the maker
or any other party hereto had no property available for the satisfaction of the
debt evidenced by this instrument, or until any other proceedings can be had
against any of them, also their right, if any, to require the holder hereof to
hold as security for this Note any collateral deposited by any of said Persons
as security. Protest, notice of protest, notice of dishonor, diligence or any
other formality are hereby waived by all parties bound hereon.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">[Signature page follows.]</font></p>
</b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">D-2</p>
<hr align="right" color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">IN WITNESS WHEREOF, each of the
Borrowers has caused this Note to be made, executed and delivered by its duly
authorized representative as of the date and year first above written, all
pursuant to authority duly granted.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman"><b>MILLER
                        INDUSTRIES, INC.</b></font>
      <p>&nbsp;</td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">ATTEST:</font></td>
    <td width="50%"></td>
  </tr>
  <tr>
    <td width="50%" valign="bottom">_________________________________<br>
      ___________________________<font face="Times New Roman">Secretary&nbsp;</font></td>
    <td width="50%" valign="bottom">
<font SIZE="2">
<u>
<p ALIGN="JUSTIFY"></u><font face="Times New Roman">By:___________________________________________<br>
 Name:_________________________________________<br>
Title:__________________________________________</font>
</font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">(SEAL)</font></td>
    <td width="50%"></td>
  </tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman"><b>MILLER
                        INDUSTRIES TOWING EQUIPMENT INC.</b></font>
      <p>&nbsp;</td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">ATTEST:</font></td>
    <td width="50%"></td>
  </tr>
  <tr>
    <td width="50%" valign="bottom">_________________________________<br>
      ___________________________<font face="Times New Roman">Secretary&nbsp;</font></td>
    <td width="50%" valign="bottom">
<font SIZE="2">
<u>
<p ALIGN="JUSTIFY"></u><font face="Times New Roman">By:___________________________________________<br>
 Name:_________________________________________<br>
Title:__________________________________________</font>
</font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">(SEAL)</font></td>
    <td width="50%"></td>
  </tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><u></p>
</u>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">D-3</p>
<hr align="right" color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">EXHIBIT E</font></p>
</u>
<p ALIGN="CENTER"><font face="Times New Roman">Form of Opinion of Borrowers&#146; and
Guarantors&#146; Counsel</font></p>
<p ALIGN="CENTER">&nbsp;</p>
</font>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="638">
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="LEFT">&nbsp;</p>
      <p ALIGN="LEFT">&nbsp;</p>
      <p ALIGN="JUSTIFY"><a NAME="kslogo1"><font face="Times New Roman"></font></a></font></td>
    <td WIDTH="50%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="RIGHT"><font face="Times New Roman">Attorneys
      at Law<br>
      </font>
      </font></b><font SIZE="2">
      <font face="Times New Roman">Suite 2800<br>
      1100 Peachtree Street<br>
      Atlanta, Georgia 30309-4530<br>
      Telephone: 404.815.6500<br>
      Facsimile: 404.815.6555<br>
      Web site:
      www.kilpatrickstockton.com</font></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="BOTTOM"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">July
      23, 2001</font></font></td>
    <td WIDTH="50%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="RIGHT">&nbsp;</p>
      <p ALIGN="RIGHT"><font face="Times New Roman">E-mail: HJordan@KilpatrickStockton.com<br>
      Direct Dial: 404.815.6362</font></font></b></p>
    </td>
  </tr>
</table>
<font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
    <td width="73" valign="top">
    <p ALIGN="left"><font face="Times New Roman">TO:</font></p>
    </td>
    <td colspan="2" width="598">
    <p ALIGN="left"><font face="Times New Roman">Each of the Agent and
    the Lenders party to the<br>
    Credit Agreement referenced below<br>
    </font></p>
    </td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">Re:</font></td>
    <td width="551"><font face="Times New Roman"> Amended and Restated
        Credit Agreement, dated as of July 23, 2001, among Miller Industries,
        Inc., Miller Industries Towing Equipment Inc., each of the Lenders
        listed on the signature pages thereof, and Bank of America, N.A., as
        Agent (the &quot;<b>Credit Agreement</b>&quot;)</font></td>
  </tr>
</table>
    <p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">Ladies and Gentlemen:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman">This opinion is furnished
pursuant to <u>Section 5.1</u> of the Credit Agreement. Capitalized terms used
herein which are defined in the Credit Agreement shall have the respective
meanings set forth or referred to in the Credit Agreement unless otherwise
defined herein.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman">We have acted as counsel for
Miller Industries, Inc., a Tennessee corporation (&quot;<b>Miller</b>&quot;),
Miller Industries Towing Equipment Inc., a Delaware corporation (&quot;<b>Towing</b>&quot;;
Miller and Towing are herein collectively called the &quot;<b>Borrowers</b>&quot;),
and the Guarantors listed on <u>Schedule 1</u> attached hereto (collectively,
together with Borrowers, the &quot;<b>Credit Parties</b>&quot;), in connection
with the preparation, negotiation, execution and delivery of the following
documents (collectively, the &quot;<b>Documents</b>&quot;):</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685" cellpadding="5">
  <tr>
    <td width="73"></td>
    <td width="41" valign="top">(i)</td>
    <td width="551"><font face="Times New Roman"> The Credit
          Agreement;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(ii)</font></td>
    <td width="551"><font face="Times New Roman"> The Notes dated
          July 23, 2001 and issued by Borrower;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(iii</font></td>
    <td width="551"><font face="Times New Roman"> The Guaranties,
          dated as of January 30, 1998, May 15, 1998, August 14, 1998, October
          27, 1998, October 28, 1998, November 12, 1998, February 12, 1999, May
          13, 1999, July 20, 1999, November 4, 1999, February 14, 2000 and May
          19, 2000 executed by the Guarantors;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(iv)</font></td>
    <td width="551"><font face="Times New Roman"> The Pledge
          Agreement, dated as of January 30, 1998, executed by Miller, as
          supplemented by the Stock Pledge Agreement Supplements, dated as of
          May 15, 1998, August 14, 1998, October 27, 1998, October 28, 1998,
          November 12, 1998, February 12, 1999, May 13, 1999, July 20, 1999,
          November 4, 1999 and February 14, 2000 executed by Miller;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(v)</font></td>
    <td width="551"><font face="Times New Roman"> The Pledge
          Agreements, dated as of January 30, 1998, May 15, 1998, October 27,
          1998, November 12, 1998, February 12, 1999 and May 13, 1999 executed
          by Road One, Inc., Century Holdings, Inc., O&#146;Hare Truck Service,
          Inc., Southern Wrecker Sales, Inc., Vulcan International (Delaware),
          Inc., Champion Carrier Corporation, and Miller Industries
          International, Inc., B-G Towing, Inc., Great America Towing, Inc.,
          Suburban Wrecker Service, Inc. and Kauff&#146;s, Inc. (collectively,
          together with Miller, the &quot;<b>Pledgors</b>&quot;), as
          supplemented by the Stock Pledge Agreement Supplements, dated as of
          October 27, 1998, February 12, 1999 and May 19, 2000, executed by Road
          One, Inc.;</font></td>
  </tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
          <p ALIGN="center">E-1</p>
<hr align="right" color="#000080" size="3">
          <p ALIGN="center">&nbsp;</p>
<table border="0" width="685" cellpadding="5">
  <tr>
    <td width="73"></td>
    <td width="41" valign="top">(vi)</td>
    <td width="551"><font face="Times New Roman"> The Security
          Agreements, dated as of July 27, 1999, November 4, 1999, February 14,
          2000 and May 19, 2000 executed by the Credit Parties;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(vii)</font></td>
    <td width="551"><font face="Times New Roman"> The Intellectual
          Property Security Agreement, dated as of July 27, 1999, executed by
          the Credit Parties;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(viii)</font></td>
    <td width="551"><font face="Times New Roman"> The Assignment
          of Lessee&#146;s Interest in Leases, dated as of July 27, 1999, executed
          by Road One, Inc.;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(ix)</font></td>
    <td width="551"><font face="Times New Roman"> The Custodial
          Administration Agreement, dated as of July 23, 2001, among the Credit
          Parties, the Agent, the Senior Agents and VINtek, Inc.;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(x)</font></td>
    <td width="551"><font face="Times New Roman"> The Power of
          Attorney, dated as of July 23, 2001, executed by the Credit Parties;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(xi)</font></td>
    <td width="551"><font face="Times New Roman"> Collateral
          Assignment of Deed of Trust, dated as of July 23, 2001, executed by
          Miller;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(xii)</font></td>
    <td width="551"><font face="Times New Roman"> Collateral
          Assignment of Security Documents, dated as of July 23, 2001, executed
          by Towing;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(xiii)</font></td>
    <td width="551"><font face="Times New Roman"> Warrant
          Agreement, dated as of July 23, 2001, executed by Miller; and</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(xiv)</font></td>
    <td width="551"><font face="Times New Roman"> The Uniform
          Commercial Code financing statements naming each Credit Party as
          debtor and the Agent as secured party (collectively, &quot;<b>Financing
          Statements</b>&quot;) which were filed in the Office of the Secretary
          of State of Tennessee (the &quot;<b>Filing Office</b>&quot;) prior to
          July 1, 2001.</font></td>
  </tr>
</table>
          <p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">In connection with this opinion,
we have examined and relied on executed originals of the Documents and on the
factual matters contained in the following certificates or documents relating to
the Credit Parties:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<table border="0" width="685" cellpadding="5">
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(a)</font></td>
    <td width="551"><font face="Times New Roman"> Certificate of the
        Secretary or Assistant Secretary, as appropriate, of each of the Credit
        Parties, dated as of the date hereof, respecting (i) the Articles or
        Certificate of Incorporation and Bylaws of such Credit Party, (ii) the
        authorizing resolutions adopted by the Board of Directors (or duly
        constituted committee of the Board of Directors) of such Credit Party,
        and (iii) the incumbency of officers of such Credit Party;</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(b)</font></td>
    <td width="551"><font face="Times New Roman"> Supporting
        Certificate of Miller dated as of the date hereof, a copy of which is
        attached hereto as <u>Exhibit A</u>; and</font></td>
  </tr>
  <tr>
    <td width="73"></td>
    <td width="41" valign="top"><font face="Times New Roman">(c)</font></td>
    <td width="551"><font face="Times New Roman"> The certificates of
        good standing/existence of the Credit Parties which are listed on <u>Schedule
        2</u> attached hereto.</font></td>
  </tr>
</table>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Whenever any opinion or
confirmation of fact set forth in this opinion letter is qualified by the words
&quot;to our knowledge&quot;, &quot;known to us&quot; or other words of similar
meaning, such words mean the current awareness by lawyers in the Primary Lawyer
Group (defined below) of factual matters such lawyers recognize as being
relevant to the opinion or confirmation so qualified. &quot;<b>Primary Lawyer
Group</b>&quot; means the lawyer who signs this opinion letter and, solely as to
information relevant to an opinion or confirmation issue, any other lawyer in
this firm who is primarily responsible for providing the response concerning the
particular issue. Except as may be expressly described herein, we have not
undertaken any investigation to determine the existence or absence of facts and
no inference as to our knowledge of the existence or absence of facts should be
drawn from our serving as outside counsel for the Credit Parties.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">E-2</p>
<hr align="right" color="#000080" size="3">
<p ALIGN="left">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">As to various factual matters
that are material to our opinions set forth herein, we have relied on the
representations and warranties of the Credit Parties set forth in the Documents
and certificates executed by officers of the Credit Parties, as well as on the
statements contained in the various certificates described above, with respect
to such factual matters. We also have relied on certificates of or telephone
confirmations from public officials. We have not independently verified, nor do
we assume any responsibility for, the factual accuracy or completeness of any
such representations, warranties, statements or certificates.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Moreover, our review of the
Documents was conducted, and our opinions thereon are rendered, only as of the
dates of execution, delivery and effectiveness of the same as indicated
hereinabove, and we have not undertaken any investigation to determine the
continued existence or absence of any facts upon which such documents or
opinions are predicated.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">We have assumed: (i) the
genuineness of all signatures (other than signatures on behalf of Credit
Parties) on, and authenticity of, all documents (other than the Documents)
submitted to us as originals and the conformity to original documents of all
documents submitted to us as copies; and (ii) the due authorization, execution
and delivery of all Documents by all parties thereto (other than the Credit
Parties).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">We also have assumed that the
Lenders and the Agent each have all requisite power and authority to enter into
and perform their respective obligations under the Documents, that the Documents
have been duly authorized, executed and delivered by the Lenders and the Agent,
and that the Documents constitute the legal, valid and binding obligations of
the Lenders and the Agent. We also have assumed that the making of the Loans by
the Lenders will not violate any applicable laws regulating the types or amounts
of loans, extensions of credit, or investments that such parties may properly
make (other than the laws described in paragraphs numbered 7, 9 and 10 below).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">We also have assumed that the
proceeds of any and all Loans will be used in accordance with the terms of the
Credit Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">We also have assumed, with your
permission and without independent investigation or inquiry, the following:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Credit Party has,
before or concurrently with the execution and delivery of the Security
Agreement, rights in the Collateral of such Credit Party covered by the Security
Agreement, including that portion of such Collateral which constitutes personal
property (other than fixtures) of a type (i) in which a security interest may be
granted and perfected under the provisions of Article 9 of the Uniform
Commercial Code as in effect in the State of Tennessee (the &quot;<b>State</b>&quot;)
on this date (the &quot;<b>UCC</b>&quot;), and (ii) as to which federal law has
not preempted the UCC with respect to the validity, enforceability, or
perfection of security interests therein (such portion of such Collateral being
herein collectively called the &quot;<b>UCC Collateral</b>&quot;);</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The location of the
principal place of business and chief executive office of each of the Credit
Parties is and will remain located within the State of Tennessee;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of the UCC Collateral is
situated or located within the State of Tennessee; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Financing Statement
gives a correct mailing address for the debtor named therein and a correct
address of the secured party named therein from which information concerning the
security interest to be perfected thereby may be obtained and each Financing
Statement filed on or after July 1, 2001 gives the correct organization number
of the debtor named therein.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">We also have made such
investigations of law as we have deemed necessary as the basis for the opinions
expressed herein.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">E-3</p>
<hr align="right" color="#000080" size="3">
<p ALIGN="left">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Based on the foregoing, and
subject to the exceptions and qualifications set forth below, it is our opinion
that:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font SIZE="2" face="Times New Roman">1</font><font SIZE="2"><font face="Times New Roman">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Borrower is a corporation validly existing and in good standing under the
laws of the state of its incorporation as set forth above and is duly qualified
to transact business as a foreign corporation and is in good standing in the
States of Georgia and Oregon in the case of Miller and in the State of Tennessee
in the case of Towing. Each Borrower has full corporate power and authority to
own its assets and conduct the businesses in which it is now engaged as known to
us and has full corporate power and authority to enter into each Document to
which it is a party and to perform its obligations thereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font SIZE="2" face="Times New Roman">2</font><font SIZE="2"><font face="Times New Roman">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the Documents to which each Borrower is a party has been duly
authorized, executed and delivered by such Borrower and constitutes the legal,
valid and binding obligation, instrument or agreement (as the case may be) of
such Borrower, enforceable against such Borrower in accordance with its
respective terms.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font SIZE="2" face="Times New Roman">3</font><font SIZE="2"><font face="Times New Roman">.&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except to the extent expressly noted on <u>Schedule 1</u> attached hereto, each
Guarantor is a corporation validly existing and in good standing under the laws
of its state of incorporation as set forth on <u>Schedule 1</u> attached hereto
and is duly qualified to transact business as a foreign corporation in the
jurisdiction or jurisdictions specified with respect to such Guarantor on <u>Schedule
1</u> attached hereto. Each Guarantor has full corporate power and authority to
own its assets and to conduct the businesses in which it is now engaged as known
to us and has full corporate power and authority to enter into each of the
Documents to which it is a party and to perform its obligations thereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font SIZE="2" face="Times New Roman">4</font><font SIZE="2"><font face="Times New Roman">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the Documents to which each Guarantor is a party has been duly
authorized, executed and delivered by such Guarantor and constitutes the legal,
valid and binding obligation, instrument or agreement (as the case may be) of
such Guarantor, enforceable against such Guarantor in accordance with its
respective terms.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font SIZE="2" face="Times New Roman">5</font><font SIZE="2"><font face="Times New Roman">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither the execution or delivery by any Credit Party of, nor performance by any
Credit Party of its obligations under, the Documents (a) does or will conflict
with, violate or constitute a breach of (i) the Certificate or Articles of
Incorporation or the Bylaws of any Credit Party, (ii) any laws, rules or
regulations applicable to any Credit Party, (iii) except as set forth on <u>Schedule
4</u> attached hereto, to our knowledge, any contract or other agreement to
which any Credit Party is a party or by which any of its properties is bound,
(iv) to our knowledge, any judgment, writ, determination, order, decree or
arbitral award to which any Credit Party is a party or by which any Credit Party
or any of its properties is bound, (v) requires the consent of, notice to,
license from or filing with any Governmental Authority which has not been duly
obtained or made on or prior to the date hereof (other than such filings as may
be necessary in order to perfect any of the Liens of the Agent or the Lenders
under the Documents), or (vi) does or will result in the creation or imposition
of any lien, pledge, charge or encumbrance of any nature upon or with respect to
any of the properties of any Credit Party (other than any Liens of the Agent and
the Lenders under the Documents).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font SIZE="2" face="Times New Roman">6</font><font SIZE="2"><font face="Times New Roman">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as disclosed on <u>Schedule 6.10</u> to the Credit Agreement, to our
knowledge there is on this date no pending or threatened action, suit,
investigation or proceeding (including, without limitation, any action, suit,
investigation or proceeding under any environmental or labor law) before or by
any court or governmental department, commission, board, bureau,
instrumentality, agency or arbitral authority, (i) which calls into question the
validity or enforceability of any of the Documents or the titles to their
respective offices or authority of any of the officers of any Credit Party or
(ii) which, if adversely determined, could reasonably be expected to have a
Material Adverse Effect.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font SIZE="2" face="Times New Roman">7</font><font SIZE="2"><font face="Times New Roman">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None of the transactions contemplated by the Credit Agreement, including,
without limitation, the use of the proceeds of the Loans, would violate or
result in the violation of Section 7 of the Securities Exchange Act of 1934, as
amended, any regulations of the Securities and Exchange Commission issued
pursuant thereto, or Regulation T, U or X of the Board of Governors of the
Federal Reserve System.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">E-4</p>
<hr align="right" color="#000080" size="3">
<p ALIGN="left">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font SIZE="2" face="Times New Roman">8</font><font SIZE="2"><font face="Times New Roman">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Financing Statements were in the appropriate form for filing in the Filing
Office. The Security Agreement is effective to create valid security interests
in favor of the Agent, for the benefit of the Lenders, in the UCC Collateral.
The security interests created by the Security Agreements, to the extent they
may be perfected by the filing in the State of Tennessee of UCC financing
statements, were perfected upon the filing of the Financing Statements in the
Filing Office, which Filing Office was the only office in the State of Tennessee
in which the Financing Statements were required to be filed at the time of such
filing in order to perfect the Agent&#146;s security interests in the UCC
Collateral under the Security Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font SIZE="2" face="Times New Roman">9</font><font SIZE="2"><font face="Times New Roman">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Pledge Agreements create valid security interests in favor of the Agent, for
the benefit of the Lenders, in the Pledged Stock covered by the Pledge
Agreements. All of the shares of the Pledged Stock of the Domestic Subsidiaries
covered by the Pledge Agreements are duly authorized, validly existing, fully
paid and nonassessable. Based on our review of the minute books and stock
transfer records of the Domestic Subsidiaries, the certificates listed on <u>Schedule
3</u> attached hereto are now the sole instruments representing the shares of
such Pledged Stock. The security interests created by the Pledge Agreements, to
the extent they may be perfected by the filing in the State of Tennessee of UCC
financing statements, were perfected upon the filing of the Financing Statements
in the Filing Office, which Filing Office was the only office in the State of
Tennessee in which the Financing Statements were required to be filed at the
time of such filing in order to perfect the Agent&#146;s security interests in the
Pledged Stock under the Pledge Agreements.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font SIZE="2" face="Times New Roman">10</font><font SIZE="2"><font face="Times New Roman">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None of the Credit Parties is an &quot;investment company&quot; within the
meaning of the Investment Company Act of 1940, as amended.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></font><font SIZE="2" face="Times New Roman">11</font><font SIZE="2"><font face="Times New Roman">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None of the Credit Parties is a &quot;public utility company&quot;,
&quot;holding company&quot; or a &quot;subsidiary company&quot; of a
&quot;holding company&quot; within the meaning of the Public Utility Holding
Company Act of 1935, as amended.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Our opinions set forth above are
subject to the following qualifications:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Our opinions herein are
limited to (i) the laws of the States of Georgia and North Carolina, (ii) any
applicable federal laws of the United States, (iii) Articles 8 and 9 of the
Uniform Commercial Code as in effect as of this date in the State of Tennessee
(the &quot;<b>Tennessee UCC</b>&quot;), and (iv) the General Corporation Law of
the State of Delaware, the Florida Business Corporation Act, the Kentucky
Business Corporation Act, the Business Corporation Act of the State of Illinois,
the General Corporation Law of the State of Maryland, the Business Corporation
Act of Michigan, the Business Corporation Act of the State of Mississippi, the
General and Business Corporation Law of the State of Missouri, the Business
Corporation Act of the State of Oregon, the Corporation Law of the Commonwealth
of Pennsylvania, the Business Corporation Act of the State of Tennessee and
Texas Business Corporation Act (such state corporation laws and acts, other than
those of the State of Georgia, being herein collectively called the &quot;<b>Other
Corporate Laws</b>&quot;). We are not members of state bar of Delaware, Florida,
Illinois, Kentucky, Maryland, Michigan, Mississippi, Missouri, Oregon,
Pennsylvania, Tennessee or Texas and we do not purport to be experts on the laws
of the such states. To the extent that our opinions herein involve consideration
of any of the Other Corporate Laws, such consideration is based on our review of
unofficial compilations thereof published by Prentice Hall Information Services
as supplemented as of the date hereof. To the extent that our opinions herein
involve consideration of the Tennessee UCC, such consideration is based on our
review of an unofficial compilation thereof published by Commerce Clearing House
as supplemented as of the date hereof. We express no opinion herein with respect
to any laws of the States of Delaware, Florida, Illinois, Kentucky, Maryland,
Michigan, Mississippi, Missouri, Oregon, Pennsylvania, Tennessee or Texas other
than the Other Corporate Laws and the Tennessee UCC. We express no opinion
herein as to the effect (if any) which the laws of any jurisdiction in which any
Foreign Subsidiary is formed may have on the validity, perfection or priority of
the Agent&#146;s security interest under any Pledge Agreement in any of the
Collateral which constitutes Pledged Stock of such Foreign Subsidiary.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our opinions herein regarding
the validity, legality, binding effect or enforceability of any Document or the
validity, legality, enforceability, perfection or priority of any Lien of the
Agent or Lenders thereunder are subject to: (i) the effect of applicable
bankruptcy, fraudulent transfer, moratorium, insolvency, reorganization, or
other similar laws affecting the rights of creditors generally; and (ii) the
effect of general principles of equity, whether applied by a court of equity or
law.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">E-5</p>
<hr align="right" color="#000080" size="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to our opinions
herein regarding the enforceability of any Documents or the Agent&#146;s or Lenders&#146;
Liens thereunder, we have assumed that, to the extent that any applicable law
would require that any rights or remedies of the Lenders or the Agent set forth
in such Documents or relating to such Liens be exercised by any Lender or the
Agent in good faith or in a reasonable or commercially reasonable manner as a
condition to the enforceability thereof, such Lender or Agent will observe and
satisfy such legal requirements.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our opinions in paragraphs
number 8 and 9 above are subject to the following additional exceptions,
assumptions and qualifications: (i) we note that the perfection and priority of
the Agent&#146;s security interest under and Pledge Agreement or the Security
Agreement in any proceeds of the Pledged Stock or the UCC Collateral covered
thereby may be limited under Section 9-315 of the Uniform Commercial Code as in
effect in any applicable jurisdiction, and we also note that Section 552 of the
U.S. Bankruptcy Code limits the extent to which property acquired by a debtor
after commencement of a case under the U.S. Bankruptcy Code may be subject to a
security interest arising under a security agreement entered into by the debtor
prior to the commencement of such case; (ii) we express no opinion with respect
to the perfection of the security interests created under the Pledge Agreement
or the Security Agreement in such of the Collateral covered thereby which
constitutes property of a type in which a security interest must be perfected
under the UCC other than by the filing of a UCC financing statement in the State
of Tennessee; (iii) we call your attention to the fact that the perfection of a
security interest perfected by the filing of a financing statement in the State
of Tennessee will be terminated (1) pursuant to Section 9-507(c) of the UCC, as
to any property covered thereby which is acquired by a debtor more than four
months after such debtor so changes its name as to make the financing statement
seriously misleading unless an amendment to the financing statement which
renders the financing statement not seriously misleading is filed before the
expiration of such four-month period, (2) pursuant to Section 9-316 of the UCC,
four months after a debtor changes its location, which, for a &quot;registered
organization&quot; (as such term is defined in the UCC), includes becoming
organized under the laws of a state other than its state of incorporation as
indicated on <u>Schedule 1</u> attached hereto, and (3) pursuant to Section
9-316, one year after the transfer of any UCC Collateral by the debtor to a
person that thereby becomes a debtor and is located in another jurisdiction,
including without limitation any merger or consolidation of the debtor into
another person, unless such security interest becomes perfected under the laws
of such other jurisdiction prior to such termination; (iv) we express no opinion
as to the validity, perfection or priority of the security interest with respect
to any UCC Collateral in the possession of any Credit Party on a &quot;sale on
approval&quot; basis or a &quot;consignment&quot; basis as set forth in
&sec;&nbsp;9-403 of the UCC; and (v) we note that, under Section 9-515 of the UCC,
in order to continue the perfection of a secured party&#146;s security interest, a
continuation statement with respect to the financing statement must be filed
within the period of six months prior to the expiration of five years from the
date of filing the financing statement. The opinions expressed in paragraphs 8
and 9 above also are subject to the effect of bankruptcy, insolvency,
reorganization, moratorium, or other similar laws affecting the rights of
creditors, including the United States Bankruptcy Code in its entirety. Except
to the extent expressly stated in paragraph 9 above, we express no opinion
herein with respect to any Credit Party&#146;s title to any of the Pledged Stock
and the Collateral. Except to the extent expressly stated in paragraph number 8
above, we express no opinion herein with respect to the perfection or priority
of the Agent&#146;s Liens under the Documents. We call your attention to the fact
that any security interest created under the Security Agreement in any of the
Collateral consisting of accounts, chattel paper or general intangibles may be
subject to the rights, claims or defenses of the account debtor obligated
thereon and to the terms of any applicable agreement between the applicable
Credit Party and such account debtor.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We express no opinion herein
as to the legality, validity, binding effect or enforceability of any of the
following provisions in the Documents: (i) any provisions which purport to waive
any defense, counterclaim, set-off or deduction arising from any violation by
any Lender or Agent of any applicable federal or state securities or usury laws,
any fraud or duress on the part of any Lender or Agent, or any failure on the
part of any Lender or Agent to give notice of a disposition of any personal
property collateral other than in a commercially reasonable manner; (ii) any
provisions which purport to grant any Lender or Agent a right of offset against
special accounts; (iii) any provisions which purport to permit any Lender or
Agent to give notice of the time and place of any sale or other intended
disposition of any personal property collateral for a period or in a manner
which may be deemed to be manifestly unreasonable or to the extent such
provisions purport to constitute an agreement prior to</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center" style="text-indent: 0">E-6</p>
<hr align="right" color="#000080" size="3">
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">&nbsp;default that any sale or
other disposition by any Lender or Agent of any personal property collateral
shall be deemed to have been made in a commercially reasonable manner; (iv) any
provisions which submit any person to the personal jurisdiction or venue of any
particular court for the enforcement of any Documents or waive any personal
rights under the laws of any jurisdiction to object to the jurisdiction or venue
of any court for the purpose of litigation to enforce any of the Documents or
which purport to waive any right to a trial by jury or which purport to waive
the application of any statute of limitation; and (v) any provisions of any of
the Documents which purport to waive any defense based upon any election of
remedies by any of the Lenders or Agent. Further, we are unable to opine that
any provisions of any of the Credit Documents which provide for the giving of
notice by mail will not be interpreted by a court as requiring actual receipt of
the notice by the addressee, notwithstanding any agreement of the parties that
posting by mail constitutes sufficient giving of such notice. We also note that,
to the extent that any of the Documents require any Credit Party to pay the
attorney&#146;s fees of any Lender or Agent, such provisions may be subject to
compliance with any prior notice requirements or any dollar limitations on
collectible attorney&#146;s fees that may be imposed under applicable law. We also
note that the enforceability of provisions in the Documents to the effect that
any failure to exercise or any delay in exercising rights or remedies thereunder
will not operate as a waiver thereof or that any modification to the Documents
or any waivers of the rights and remedies thereunder can only be made in writing
may be subject to any applicable laws which give effect to mutual departures
from the strict terms of written contracts.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">F.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain waivers of notices
and other rights and remedial provisions contained in the Documents may be
unenforceable under applicable law, but the Documents contain adequate other
provisions for enforcing payment of the obligations evidenced, guaranteed or
secured thereby and for the practical realization of the security and other
rights and remedies afforded thereby, and the inclusion of such waivers, rights
and remedial provisions in the Documents does not affect the legality, validity
or binding effect of such Documents or affect the enforceability of the other
provisions of the Documents.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">G.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We express no opinion herein
as to the legality, validity, binding effect or enforceability of any
indemnification provisions in any of the Documents to the extent that the
enforcement thereof would contravene matters of public policy.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">This letter has been delivered
solely for the benefit of the Lenders, the Agent and their respective counsel
pursuant to <u>Section 5.1</u> of the Credit Agreement and may not be relied
upon by any other person or entity or for any other purpose without our express
written permission. We expressly disclaim any duty to update this letter in the
future in the event there are any changes in relevant fact or law that may
change or otherwise affect any of the opinions or confirmations expressed
herein.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="645">
  <tr>
    <td width="688"></td>
    <td width="331">
                            <p ALIGN="JUSTIFY"><font face="Times New Roman">Very
                            truly yours,</font></p>
                            <b>
                            <p ALIGN="JUSTIFY"><font face="Times New Roman">KILPATRICK
                            STOCKTON LLP</font></p>
                            </b>
                            <p ALIGN="JUSTIFY">&nbsp;</p>
                            <p ALIGN="JUSTIFY"><font face="Times New Roman">By:___________________________<br>
                            Hilary P. Jordan, a Partner</font></p>
    </td>
  </tr>
</table>
<b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
</b>
<p ALIGN="CENTER">E-7</p>
<hr align="right" color="#000080" size="3">
<p ALIGN="left">&nbsp;</p>
<b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">EXHIBIT A</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">SUPPORTING CERTIFICATE</font></p>
</b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The undersigned, Frank Madonia,
in his capacity as Executive Vice President, Secretary and General Counsel of
Miller Industries, Inc., a Tennessee corporation (<b>&quot;Miller&quot;</b>),
has executed this Certificate in connection with the legal opinion of even date
(the <b>&quot;Opinion&quot;</b>) to be rendered by Kilpatrick Stockton LLP
pursuant to <u>Section 5.1</u> of that certain Amended and Restated Credit
Agreement, dated as of July 23, 2001, as amended (the <b>&quot;Credit
Agreement&quot;</b>), among Miller, Miller Industries Towing Equipment Inc., the
Lenders listed therein, and Bank of America, N.A., as Agent. The undersigned
authorizes Kilpatrick Stockton LLP to rely on the matters set forth in this
Certificate in rendering the Opinion. This Certificate may not be relied on by
any person other than Kilpatrick Stockton LLP or such Lenders, such Agent, and
their respective counsel, or for any purpose other than the credit transactions
contemplated by the Credit Agreement without the express prior written consent
of the undersigned. Capitalized terms used in this Certificate shall have the
meanings set forth or referred to in the Opinion unless otherwise defined
herein.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Whenever any statement herein
with reference to the existence or absence of any facts is indicated to be based
on the undersigned&#146;s knowledge or awareness, it is intended to signify that
such indication is to the best of his present knowledge obtained during the
general and ordinary course of exercising his duties as Executive Vice
President, Secretary and General Counsel of Miller. The undersigned has not
undertaken any independent investigation to determine the existence or absence
of such facts and no inference as to his knowledge of the existence or absence
of such facts should be imputed to him or drawn from his serving as Executive
Vice President, Secretary and General Counsel of Miller.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The undersigned knows of no
reason why he, Kilpatrick Stockton LLP, the Lenders and the Agent are not
justified in relying on the representations and warranties given on the Closing
Date by Miller and the other Credit Parties in the Credit Agreement or any other
Loan Document and the certificates of the various officers of Miller and the
other Credit Parties furnished on the Closing Date in connection therewith.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Subject to the foregoing, the
undersigned, in his representative capacity as Executive Vice President,
Secretary and General Counsel of Miller, hereby certifies, to the best of his
actual knowledge, that:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Credit Party has at all
material times had a registered agent and office in the state of its
incorporation and has notified the Secretary of State of such state of any
change in its registered agent or registered office or any resignation of its
registered agent or any discontinuation of its registered office, and no Credit
Party has received any notice from such Secretary of State of any determination
that any grounds exist for administratively dissolving such Credit Party, and no
Credit Party has received notice of the commencement of any proceeding to
judicially dissolve such Credit Party, and neither the board of directors nor
the shareholders of such Credit Party have taken any action with respect to the
dissolution of such Credit Party, and no Credit Party has filed any notice of
intent to dissolve with such state.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither the execution or
delivery by any Credit Party of, nor performance by any Credit Party of its
obligations under, the Documents (a) does or will conflict with, violate or
constitute a breach of (i) the Certificate or Articles of Incorporation or the
Bylaws of any Credit Party, (ii) any laws, rules or regulations applicable to
any Credit Party, (iii) any contract or other agreement to which any Credit
Party is a party or by which any of its properties is bound, (iv) any judgment,
writ, determination, order, decree or arbitral award to which any Credit Party
is a party or by which any Credit Party or any of its properties is bound, (v)
requires the consent of, notice to, license from or filing with any Governmental
Authority which has not been duly obtained or made on or prior to the date
hereof (other than such filings as may be necessary in order to perfect any of
the Liens of the Agent or the Lenders under the Documents), or (vi) does or will
result in the creation or imposition of any lien, pledge, charge or encumbrance
of any nature upon or with respect to any of the properties of any Credit Party
(other than any Liens of the Agent and the Lenders under the Documents).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as disclosed on <u>Schedule
6.10</u> to the Credit Agreement, there is on this date no pending or threatened
action, suit, investigation or proceeding (including, without limitation, any
action, suit, investigation or proceeding under any environmental or labor law)
before or by any court or governmental department, commission, board, bureau,
instrumentality, agency or arbitral authority, (i) which calls into question the
validity or enforceability of any of the Documents or the titles to their
respective offices or authority of any of the officers of any Credit Party or
(ii) which, if adversely determined, could reasonably be expected to have a
Material Adverse Effect.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">E-8</p>
<hr align="right" color="#000080" size="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of the shares of the
Pledged Stock of the New Domestic Subsidiaries covered by the Pledge Agreements
are duly authorized, validly existing, fully paid and nonassessable. The
certificates listed on <u>Schedule 3</u> attached to the Opinion are now the
sole instruments representing the shares of such Pledged Stock.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman"><b>IN WITNESS WHEREOF</b>, the
undersigned has hereunto set his hand and seal this ___ day of July, 2001.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<table CELLSPACING="0" CELLPADDING="" WIDTH="638">
  <tr>
    <td WIDTH="50%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="50%" VALIGN="TOP"><u><font SIZE="2">
      <p ALIGN="JUSTIFY">&nbsp;</p>
      <p ALIGN="JUSTIFY">________________________________________-<br>
      </font></u><font SIZE="2"><b>
      <font face="Times New Roman">FRANK MADONIA<br>
      </font>
      </b>
      <font face="Times New Roman">Executive Vice President,
      Secretary and General Counsel of Miller Industries, Inc.</font></font></p>
    </td>
  </tr>
</table>
<font SIZE="2">
<b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
</b>
<p ALIGN="CENTER">E-9</p>
<b>
<hr align="right" color="#000080" size="3">
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">SCHEDULE 1</font></p>
</b>
</font><font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">GUARANTORS</font></p>
<u>
<p ALIGN="CENTER">&nbsp;</p>
</u></b></font>
<table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="671">
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Name of Entity<br>
      </font></p>
      </font></b></td>
    <td WIDTH="31%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">State of Incorporation</font></font></b></td>
    <td WIDTH="31%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">State(s) of Qualification</font></font></b></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller Industries, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Georgia<br>
      Oregon</font></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">A-Excellence Towing Co.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Illinois</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ackerman Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Georgia</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">All American Towing
      Services, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Allied Gardens Towing,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">California</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Allied Towing and
      Recovery, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Oklahoma</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Altamonte Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Anderson Towing Service,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Nevada</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">APACO, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Arrow Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Oklahoma</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">A to Z Enterprises, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">California</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">B&amp;B Associated
      Industries, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Illinois</font></p>
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Indiana</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">B-G Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Oregon</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bear Transportation, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Beaty Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">North Carolina</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bert&#146;s Towing Recovery
      Corporation</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Illinois<br>
      Indiana</font></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bob&#146;s Auto Service, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Colorado</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bob Bolin Services, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Missouri</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bob Vincent and Sons
      Wrecker Service, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Kentucky</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Boulevard &amp; Trumbull
      Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Michigan</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Brewer&#146;s, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Michigan</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bryrich Corporation</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">California</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">C&amp;L Towing Services,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">New Jersey</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Cal West Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">California</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Cardinal Centre
      Enterprises, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">California</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Cedar Bluff 24 Hour
      Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Central Valley Towing,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">California</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Century Holdings, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Chad&#146;s, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Georgia</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Champion Carrier
      Corporation</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Pennsylvania</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Chevron, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Pennsylvania</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Chicago Metro Services,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Illinois</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Clarence Cornish
      Automotive Service, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Texas</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Cleveland Vehicle
      Detention Center, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ohio</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Coffey&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ohio</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Coleman&#146;s Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Michigan</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Competition Wheelift, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">California</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">D.A. Haneline, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ohio</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">DVREX, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Texas</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Dick&#146;s Towing &amp; Road
      Service, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Washington</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Dollar Enterprises, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Don&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Illinois</font></font></td>
  </tr>
  </table>
  <P>&nbsp;</P>

  <P>&nbsp;</P>

  <P align="center"><font size="2" face="Times New Roman">E-10</font></P>

<hr align="right" color="#000080" size="3">
  <P>&nbsp;</P>

<table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="671">
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Name of Entity<br>
      </font></p>
      </font></b></td>
    <td WIDTH="31%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">State of Incorporation</font></font></b></td>
    <td WIDTH="31%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">State(s) of Qualification</font></font></b></td>
  </tr>
  </table>

  <table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="671">
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Dugger&#146;s Services, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">New Mexico</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Dun-Rite Towing Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">New York</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">DuRu, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">California</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">E.B.T., Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Michigan</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Export Enterprises, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Massachusetts</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Gary&#146;s Towing &amp;
      Salvage Pool, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Arizona</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Golden West Towing
      Equipment Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">California</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Good Mechanic Auto Co. of
      Richfield, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ohio</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Great America Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">California</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Greg&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">H&amp;H Towing
      Enterprises, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">North Carolina</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Hall&#146;s Towing Service,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Mississippi</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Hendrickson Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">New York</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">H.M.R. Enterprises, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Maryland</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Interstate Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Kauff&#146;s, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Kauff&#146;s of Ft. Pierce,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Kauff&#146;s of Miami, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Kauffs of Palm Beach, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ken&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Washington</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">King Automotive &amp;
      Industrial Equipment, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Lazer Tow Services, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Missouri</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Levesque&#146;s Auto Service,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Massachusetts</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">LWKR, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Texas</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Lincoln Towing
      Enterprises, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Washington</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">M&amp;M Towing and
      Recovery</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ohio</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Maejo, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Oregon</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Mel&#146;s Acquisition Corp.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Merl&#146;s Towing Service,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Michigan</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Mid America Wrecker &amp;
      Equipment Sales, Inc. of Colorado</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Colorado</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Mike&#146;s Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Michigan</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller Financial Services
      Group, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Arizona<br>
      California<br>
      Florida<br>
      Georgia<br>
      Michigan<br>
      Mississippi<br>
      New Jersey<br>
      New York<br>
      Ohio<br>
      Pennsylvania<br>
      Texas</font></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller/Greeneville, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller Industries
      Distributing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller Industries
      International, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller Industries Towing
      Equipment Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Louisiana<br>
      Tennessee</font></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Moore&#146;s Service &amp;
      Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Indiana</font></font></td>
  </tr>
  </table>
  <P>&nbsp;</P>
  <P>&nbsp;</P>
  <P align="center"><font size="2" face="Times New Roman">E-11</font></P>
<hr align="right" color="#000080" size="3">
  <P align="left">&nbsp;</P>
<table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="671">
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Name of Entity<br>
      </font></p>
      </font></b></td>
    <td WIDTH="31%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">State of Incorporation</font></font></b></td>
    <td WIDTH="31%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">State(s) of Qualification</font></font></b></td>
  </tr>
  </table>
  <table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="671">
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Moore&#146;s Towing Service,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Indiana</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Mosteller&#146;s Garage, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Murphy&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Official Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Michigan</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">O&#146;Hare Truck Service,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Illinois</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">P.A.T., Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Illinois</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Pipes Enterprises, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Missouri</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Pro Tow, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Massachusetts</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Pullen&#146;s Truck Center,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">New York</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Purpose, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Missouri</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RAR Enterprises, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">District of Columbia</font></p>
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Maryland</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RMA Acquisition Corp.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RRIC Acquisition Corp.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Randy&#146;s High Country
      Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Colorado</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ray Harris, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">North Carolina</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ray&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Wisconsin</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RBEX, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Texas</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Recovery Services, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">New Mexico</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RTIEX, Inc. (f/k/a
      Retriever Towing, Inc.)</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Oregon</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Road One, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida<br>
      Massachusetts<br>
      Michigan<br>
      New York<br>
      North Carolina<br>
      Ohio<br>
      Tennessee</font></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RoadOne Employee Services,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Road One Insurance
      Services, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Road One Service, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RoadOne Specialized
      Transportation, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Michigan<br>
      Texas</font></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RoadOne Transportation and
      Logistics, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Michigan</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">R.M.W.S., Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Texas</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Sakstrup Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Michigan</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Sandy&#146;s Auto &amp; Truck
      Service, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ohio</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Sonoma Circuits, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">California</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Southern Wrecker Center,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Alabama<br>
      Mississippi</font></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP" HEIGHT="46"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Southern Wrecker Sales,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP" HEIGHT="46"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP" HEIGHT="46"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Georgia<br>
      Florida<br>
      Tennessee</font></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Southwest Transport, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Speed&#146;s Automotive, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Oregon</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Speed&#146;s Rentals, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Oregon</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Sroga&#146;s Automotive
      Services, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Minnesota</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Suburban Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Indiana<br>
      Kentucky</font></font></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Team Towing and Recovery,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Illinois</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ted&#146;s of Fayville, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Massachusetts</font></font></td>
  </tr>
  </table>
  <P>&nbsp;</P>
  <P align="center"><font size="2" face="Times New Roman">E-12</font></P>
<hr align="right" color="#000080" size="3">
  <P>&nbsp;</P>
<table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="671">
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Name of Entity<br>
      </font></p>
      </font></b></td>
    <td WIDTH="31%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">State of Incorporation</font></font></b></td>
    <td WIDTH="31%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">State(s) of Qualification</font></font></b></td>
  </tr>
  </table>
  <table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="671">


  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Texas Towing Corporation</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Texas</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Thompson&#146;s Wrecker
      Service, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Mississippi</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tow Pro Custom Towing
      &amp; Hauling, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tennessee</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Treasure Coast Towing,
      Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Treasure Coast Towing of
      Martin County, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Florida</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Truck Sales &amp; Salvage
      Co., Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ohio</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Walker Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Nevada</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Wes&#146;s Service
      Incorporated</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Illinois</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Western Towing; McClure/Earley
      Enterprises, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Arizona</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Whitey&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">None</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Wiltse Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Oregon</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Zebra Towing, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">South Carolina</font></font></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Zehner Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="31%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Indiana</font></font></td>
  </tr>
</table>
<font SIZE="2">
<b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
</b>
<p ALIGN="CENTER"><font face="Times New Roman">E-13</font></p>
<b>
<hr align="right" color="#000080" size="3">
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">SCHEDULE 2</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">CERTIFICATES OF GOOD
STANDING/EXISTENCE</font></p>
<p ALIGN="CENTER">&nbsp;</p>
</b>
</font>
  <center>
<table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="7" WIDTH="571">
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Name of Entity</font></font></b></td>
    <td WIDTH="25%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">State</font></font></b></td>
    <td WIDTH="24%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Date Issued</font></font></b></td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller Industries, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Georgia<br>
      Oregon<br>
      Tennessee</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">A-Excellence Towing Co.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Illinois</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ackerman Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Georgia</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">All American Towing
      Services, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Allied Gardens Towing,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">California<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Allied Towing and
      Recovery, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Oklahoma</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Altamonte Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Anderson Towing Service,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Nevada</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">APACO, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Tennessee</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Arrow Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Oklahoma</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">A to Z Enterprises, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">California<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">B&amp;B Associated
      Industries, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Illinois<br>
      Indiana</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">B-G Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Oregon</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bear Transportation, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Beaty Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      North Carolina</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bert&#146;s Towing Recovery
      Corporation</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Illinois<br>
      Indiana</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bob&#146;s Auto Service, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Colorado<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bob Bolin Services, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Missouri</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bob Vincent and Sons
      Wrecker Service, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Kentucky</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Boulevard &amp; Trumbull
      Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Michigan</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Brewer&#146;s, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Michigan</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Bryrich Corporation</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">California<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">C&amp;L Towing Services,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      New Jersey</font></font></p>
    </td>
    </table>
    <P>&nbsp;</P>

    <P align="center"><font size="2" face="Times New Roman">E-14</font></P>

  </center>
  <hr align="right" color="#000080" size="3">
    <P align="left">&nbsp;</P>

  <center>
    <P>&nbsp;</P>

    <table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="7" WIDTH="571">

  <tr>
    <td WIDTH="50%" VALIGN="TOP"><b><font size="2" face="Times New Roman">Name
      of Entity</font></b></td>
    <td WIDTH="25%" VALIGN="TOP">
      <p align="center"><b><font size="2" face="Times New Roman">State</font></b>
    </td>
    <td WIDTH="24%" VALIGN="TOP">
      <p align="center"><b><font size="2" face="Times New Roman">Date Issued</font></b></td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Cal West Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">California<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Cardinal Centre
      Enterprises, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">California</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Cedar Bluff 24 Hour
      Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Tennessee</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Central Valley Towing,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">California<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Century Holdings, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Tennessee</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Chad&#146;s, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Georgia</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Champion Carrier
      Corporation</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Pennsylvania</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Chevron, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Pennsylvania</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Chicago Metro Services,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Illinois</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Clarence Cornish
      Automotive Service, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Texas</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP" HEIGHT="34"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Cleveland Vehicle
      Detention Center, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP" HEIGHT="34"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Ohio</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP" HEIGHT="34">
      <p></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Coffey&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Ohio</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Coleman&#146;s Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Michigan</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Competition Wheelift, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">California<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">D.A. Haneline, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Ohio</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">DVREX, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Texas</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Dick&#146;s Towing &amp; Road
      Service, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Washington</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Dollar Enterprises, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Don&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Illinois</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Dugger&#146;s Services, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      New Mexico</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Dun-Rite Towing Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      New York</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">DuRu, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">California<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">E.B.T., Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Michigan</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Export Enterprises, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Massachusetts</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Gary&#146;s Towing &amp;
      Salvage Pool, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Arizona<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Golden West Towing
      Equipment Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">California<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Good Mechanic Auto Co. of
      Richfield, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Ohio</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Great America Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">California<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  </table>
  <P>&nbsp;</P>
  <P><font size="2" face="Times New Roman">E-15</font></P>
  </center>
  <P align="left">&nbsp;</P>
<hr align="right" color="#000080" size="3">
  <P align="left">&nbsp;</P>

  <center>
  <table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="7" WIDTH="571">

  <tr>
    <td WIDTH="50%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">Name
      of Entity</font></b></td>
    <td WIDTH="25%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">State</font></b>
    </td>
    <td WIDTH="24%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">Date
      Issued</font></b></td>
  </tr>

  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Greg&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">H&amp;H Towing
      Enterprises, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      North Carolina</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Hall&#146;s Towing Service,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Mississippi</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Hendrickson Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      New York</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">H.M.R. Enterprises, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Maryland</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Interstate Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Kauff&#146;s, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Kauff&#146;s of Ft. Pierce,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Florida</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Kauff&#146;s of Miami, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Florida</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Kauffs of Palm Beach, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Florida</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ken&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Washington</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">King Automotive &amp;
      Industrial Equipment, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Lazer Tow Services, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Missouri</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Levesque&#146;s Auto Service,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Lewis Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Texas</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Lincoln Towing
      Enterprises, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Washington</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">M&amp;M Towing and
      Recovery, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Ohio</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Maejo, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Oregon</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Mel&#146;s Acquisition Corp.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Merl&#146;s Towing Service,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Michigan</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Mid America Wrecker &amp;
      Equipment Sales, Inc. of Colorado</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Colorado<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Mike&#146;s Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Michigan</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller Financial Services
      Group, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Arizona<br>
      California<br>
      Florida<br>
      Georgia<br>
      Michigan<br>
      Mississippi<br>
      New Jersey<br>
      New York<br>
      Ohio<br>
      Pennsylvania<br>
      Tennessee<br>
      Texas</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller/Greeneville, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Tennessee</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller Industries
      Distributing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  </table>
  <P>&nbsp;</P>
  <P><font size="2" face="Times New Roman">E-16</font></P>
  <P>&nbsp;</P>
  </center>
<hr align="right" color="#000080" size="3">
  <P align="left">&nbsp;</P>

  <center>
  <table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="7" WIDTH="571">

  <tr>
    <td WIDTH="50%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">Name
      of Entity</font></b></td>
    <td WIDTH="25%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">State</font></b></td>
    <td WIDTH="24%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">Date
      Issued</font></b></td>
  </tr>

  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller Industries
      International, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Tennessee</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Miller Industries Towing
      Equipment Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Tennessee<br>
      Louisiana</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Moore&#146;s Service &amp;
      Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Indiana</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Moore&#146;s Towing Service,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Indiana</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Mosteller&#146;s Garage, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Tennessee</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Murphy&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Official Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Michigan</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">O&#146;Hare Truck Service,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Illinois</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">P.A.T., Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Illinois</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Pipes Enterprises, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Missouri</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Pro-Tow, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Pullen&#146;s Truck Center,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      New York</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Purpose, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Missouri</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RAR Enterprises, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      District of Columbia<br>
      Maryland</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RMA Acquisition Corp.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RRIC Acquisition Corp.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Randy&#146;s High Country
      Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Colorado</font></p>
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ray Harris, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      North Carolina</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ray&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Wisconsin</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RBEX Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Texas</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Recovery Services, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      New Mexico</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RTIEX, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Oregon</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Road One, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida<br>
      Massachusetts<br>
      Michigan<br>
      North Carolina<br>
      New York<br>
      Ohio<br>
      Tennessee</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RoadOne Employee Services,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Tennessee</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  </table>
  <P>&nbsp;</P>
  <P>&nbsp;</P>
  <P><font size="2" face="Times New Roman">E-17</font></P>
  </center>
<hr align="right" color="#000080" size="3">
  <P align="left">&nbsp;</P>
  <P align="left">&nbsp;</P>
  <P align="left">&nbsp;</P>

  <center>
<table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="7" WIDTH="571">

  <tr>
    <td WIDTH="50%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">Name
      of Entity</font></b></td>
    <td WIDTH="25%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">State</font></b>
    </td>
    <td WIDTH="24%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">Date
      Issued</font></b></td>
  </tr>

  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Road One Insurance
      Services, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Tennessee</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Road One Service, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Tennessee</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RoadOne Specialized
      Transportation, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Michigan<br>
      Texas</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">RoadOne Transportation and
      Logistics, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Michigan</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">R.M.W.S., Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Texas</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Sakstrup Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Michigan</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Sandy&#146;s Auto &amp; Truck
      Service, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Ohio</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Sonoma Circuits, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">California<br>
      Delaware</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Southern Wrecker Center,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Alabama<br>
      Delaware<br>
      Mississippi</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Southern Wrecker Sales,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida<br>
      Georgia<br>
      Tennessee</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Southwest Transport, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Florida</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Speed&#146;s Automotive, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Oregon</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Speed&#146;s Rentals, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Oregon</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Sroga&#146;s Automotive
      Services, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Minnesota</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Suburban Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Indiana<br>
      Kentucky</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Team Towing and Recovery,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Illinois</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Ted&#146;s of Fayville, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Texas Towing Corporation</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Texas</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Thompson&#146;s Wrecker
      Service, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Mississippi</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Tow Pro Custom Towing
      &amp; Hauling, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Tennessee</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Treasure Coast Towing,
      Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Florida</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Treasure Coast Towing of
      Martin County, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Florida</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Truck Sales &amp; Salvage
      Co., Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Ohio</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Walker Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Nevada</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Wes&#146;s Service
      Incorporated</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Illinois</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Western Towing; McClure/Earley
      Enterprises, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Whitey&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware</font></font></td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  </table>
  <P>&nbsp;</P>
  <P><font size="2" face="Times New Roman">E-18</font></P>
  </center>
<hr align="right" color="#000080" size="3">
  <P align="left">&nbsp;</P>

  <center>
  <P>&nbsp;</P>
  <table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="7" WIDTH="571">

  <tr>
    <td WIDTH="50%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">Name
      of Entity</font></b></td>
    <td WIDTH="25%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">State</font></b>
    </td>
    <td WIDTH="24%" VALIGN="TOP" align="center"><b><font size="2" face="Times New Roman">Date
      Issued</font></b></td>
  </tr>

  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Wiltse Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Oregon</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Zebra Towing, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      South Carolina</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="50%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="JUSTIFY"><font face="Times New Roman">Zehner Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="25%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Delaware<br>
      Indiana</font></font></p>
    </td>
    <td WIDTH="24%" VALIGN="TOP">&nbsp;</td>
  </tr>
</table>
  </center>
<b><font SIZE="2">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">E-19</p>
<hr align="right" color="#000080" size="3">
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="left">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">SCHEDULE 3</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">PLEDGED STOCK CERTIFICATES</font></p>
</font></b><font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
</font>
<table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="685">
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Name of Entity<br>
      (the following are all
      business corporations unless otherwise indicated)</font></font></b></p>
    </td>
    <td WIDTH="14%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Number of Shares</font></font></b></td>
    <td WIDTH="18%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Type of Stock Issued</font></font></b></td>
    <td WIDTH="20%" VALIGN="TOP"><b><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Stock Certificate Number</font></font></b></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">A-Excellence Towing Co.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Ackerman Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">All American Towing
      Services, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Allied Gardens Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Allied Towing and Recovery,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">500</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Altamonte Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Anderson Towing Service,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">APACO, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Arrow Wrecker Service, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">500</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">3</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">A to Z Enterprises, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">13,100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">B&amp;B Associated
      Industries, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">B-G Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Bear Transportation, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Beaty Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Bert&#146;s Towing Recovery
      Corporation</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">4</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Bob&#146;s Auto Service, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Bob Bolin Services, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">20,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">6</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Bob Vincent and Sons
      Wrecker Service, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">75</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Boulevard &amp; Trumbull
      Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Brewer&#146;s, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Bryrich Corporation</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">C&amp;L Towing Services,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Cal West Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Cardinal Centre
      Enterprises, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">3,501</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Cedar Bluff 24 Hour Towing,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Central Valley Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Century Holdings, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Chad&#146;s, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Champion Carrier
      Corporation</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Chevron, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1,746</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">24</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Chicago Metro Services,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">3,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">A-1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Clarence Cornish Automotive
      Service, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Cleveland Vehicle Detention
      Center, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Coffey&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Coleman&#146;s Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">9</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Competition Wheelift, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">D.A. Haneline, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">DVREX, Inc. (formerly named
      Dallas Vehicle Recovery, Inc.)</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">11</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Dick&#146;s Towing &amp; Road
      Service, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">500</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">5</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Dollar Enterprises, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Don&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Dugger&#146;s Services, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Dun-Rite Towing Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
</table>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P align="center"><font size="2" face="Times New Roman">E-21</font></P>
<hr align="right" color="#000080" size="3">
<P>&nbsp;</P>
<table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="685">
  <tr>
    <td WIDTH="47%" VALIGN="TOP" align="center"><b><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Name of Entity<br>
      (the following are all
      business corporations unless otherwise indicated)</font></font></b></p>
      </td>
    <td WIDTH="14%" VALIGN="TOP" align="center"><b><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Number of Shares</font></font></b></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font face="Times New Roman">Type of Stock Issued</font></b></td>
    <td WIDTH="20%" VALIGN="TOP" align="center"><b><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Stock Certificate Number</font></font></b></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">DuRu, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">E.B.T., Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">10,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">3</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Export Enterprises, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Gary&#146;s Towing &amp;
      Salvage Pool, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Golden West Towing
      Equipment Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">120</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Good Mechanic Auto Co. of
      Richfield, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Great America Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Greg&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">H&amp;H Towing Enterprises,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Hall&#146;s Towing Service,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">525</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">4</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Hendrickson Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">H.M.R. Enterprises, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">5</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Interstate Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Kauff&#146;s, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Kauff&#146;s of Ft. Pierce,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Kauff&#146;s of Miami, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">70,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">5</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Kauffs of Palm Beach, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">105,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">6</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Ken&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">King Automotive &amp;
      Industrial Equipment, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">200</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Lazer Tow Services, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Levesque&#146;s Auto Service,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">L.W.K.R., Inc. (formerly
      named Lewis Wrecker Service, Inc.)</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Lincoln Towing Enterprises,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">M&amp;M Towing and
      Recovery, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Maejo, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Mel&#146;s Acquisition Corp.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Merl&#146;s Towing Service,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Mid-America Wrecker &amp;
      Equipment Sales, Inc. of Colorado</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Mike&#146;s Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">360</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">5</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Miller Financial Services
      Group, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Miller/Greeneville, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Miller Industries
      Distributing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Miller Industries
      International, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Miller Industries Towing
      Equipment Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">3,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">4</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Moore&#146;s Service &amp;
      Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Moore&#146;s Towing Service,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Mosteller&#146;s Garage, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Murphy&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Official Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">O&#146;Hare Truck Service,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">P.A.T., Inc. (formerly
      named Pete&#146;s A Towing, Inc.)</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Pipes Enterprises, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">500</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Pro-Tow, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Pullen&#146;s Truck Center,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Purpose, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">500</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">3</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">RAR Enterprises, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">50</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">RMA Acquisition Corp.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
</table>
<P>&nbsp;</P>
      <P align="center"><font size="2" face="Times New Roman">E-22</font></P>
      <hr align="right" color="#000080" size="3">
<P>&nbsp;</P>
<P>&nbsp;</P>
<table BORDER="1" CELLSPACING="2" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="685">

  <tr>
    <td WIDTH="47%" VALIGN="TOP" align="center"><b><font face="Times New Roman">Name of Entity<br>
      (the following are all
      business corporations unless otherwise indicated)</font></b></td>
    <td WIDTH="14%" VALIGN="TOP" align="center"><b><font face="Times New Roman">Number of Shares</font></b></td>
    <td WIDTH="18%" VALIGN="TOP" align="center"><b><font face="Times New Roman">Type of Stock Issued</font></b></td>
    <td WIDTH="20%" VALIGN="TOP" align="center"><b><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Stock Certificate Number</font></font></b></td>
  </tr>

  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">RRIC Acquisition Corp.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Randy&#146;s High Country
      Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">10,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Ray Harris, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Ray&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">RBEX, Inc. (formerly known
      as Road Butler, Inc.)</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Recovery Services, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">RTIEX, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">222</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Road One, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">RoadOne Employee Services,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Road One Insurance
      Services, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Road One Service, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Road One Specialized
      Transportation, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">RoadOne Transportation and
      Logistics, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">R.M.W.S., Inc. (formerly
      named Ronny Miller Wrecker Service Inc.)</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1,000</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Sakstrup Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Sandy&#146;s Auto &amp; Truck
      Service, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">10</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">3</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Sonoma Circuits, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Southern Wrecker Center,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">50</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Southern Wrecker Sales,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Southwest Transport, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">500</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">4</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Speed&#146;s Automotive, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">438</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">4</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Speed&#146;s Rentals, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">60</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Sroga&#146;s Automotive
      Services, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Suburban Wrecker Service,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Team Towing and Recovery,
      Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">5</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Ted&#146;s of Fayville, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1,900</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Texas Towing Corporation</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Thompson&#146;s Wrecker
      Service, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Tow Pro Custom Towing &amp;
      Hauling, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Treasure Coast Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Treasure Coast Towing of
      Martin County, Inc</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">500</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Truck Sales &amp; Salvage
      Co., Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Walker Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2,500</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Wes&#146;s Service
      Incorporated</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">3</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Western Towing; McClure/Earley
      Enterprises, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Whitey&#146;s Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Wiltse Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Zebra Towing, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
  <tr>
    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Zehner Towing &amp;
      Recovery, Inc.</font></font></td>
    <td WIDTH="14%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">100</font></font></td>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Common</font></font></td>
    <td WIDTH="20%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
  </tr>
</table>
<font SIZE="2">
<p ALIGN="CENTER">&nbsp;</p>
<P align="center"><font size="2" face="Times New Roman">E-23</font></P>
<hr align="right" color="#000080" size="3">
<P>&nbsp;</P>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">SCHEDULE 4</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">EXCEPTIONS</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"></b><font face="Times New Roman">Consent of the Pennsylvania
Industrial Development Authority to the granting of certain liens and
encumbrances upon the property of Miller Industries, Inc. and Champion Carrier
Corporation.</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">E-24</p>
<hr align="right" color="#000080" size="3">
<p ALIGN="left">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">EXHIBIT F</font></p>
</u>
<p ALIGN="CENTER"><font face="Times New Roman">Compliance Certificate</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">Bank of America, N.A., as Agent<br>
Independence Center, 15th Floor<br>
NC1-001-15-04<br>
Charlotte, North Carolina 28255<br>
Attention: Agency Services<br>
Telefacsimile: (704) 386-9436</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Reference is hereby made to the
Amended and Restated Credit Agreement dated as of July 23, 2001 (, as from time
to time amended, restated, modified, replaced, or supplemented the
&quot;Agreement&quot;) among MILLER INDUSTRIES, INC., a Tennessee corporation
(&quot;Miller&quot;), MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware
corporation (&quot;Miller Towing,&quot; and together with Miller, the
&quot;Borrowers&quot;), the Lenders (as defined in the Agreement) and Bank of
America, N.A., successor to Bank of America, N.A., as Agent for the Lenders
(&quot;Agent&quot;). Capitalized terms used but not otherwise defined herein
shall have the respective meanings therefor set forth in the Agreement. The
undersigned, a duly authorized and acting Authorized Representative, hereby
certifies to you as of _____________, 20___ (the &quot;Determination Date&quot;)
as follows:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
    <td width="64">
<p ALIGN="JUSTIFY"><font face="Times New Roman">1.</font></p>
    </td>
    <td width="76" colspan="2">
<p ALIGN="JUSTIFY"><font face="Times New Roman">Calculations:</font></p>
<font SIZE="2">
</font>
    </td>
    <td width="509">
<p ALIGN="JUSTIFY"></p>
    </td>
  </tr>
  <tr>
    <td width="64"></td>
    <td width="34">A.</td>
    <td width="551" colspan="2"><font face="Times New Roman">Compliance with
      Section 8.1</font></td>
  </tr>
  <tr>
    <td width="64"></td>
    <td width="34"></td>
    <td width="42">(a)</td>
    <td width="509"><font face="Times New Roman"><u>Capital Expenditures</u>:</font></td>
  </tr>
  <tr>
    <td width="64">
        <p ALIGN="JUSTIFY"></p>
    </td>
    <td width="34">
        <p ALIGN="JUSTIFY"></p>
    </td>
    <td width="42">
        <p ALIGN="JUSTIFY"></p>
    </td>
    <td width="509">
        <p ALIGN="JUSTIFY">
<font SIZE="2">
<font face="Times New Roman">(i) Fiscal Year ending on April 30, 2002 = </font><b><font face="Times New Roman">Cannot
exceed $5,600,000<br>
</font>
        </b>
<font face="Times New Roman">(ii) Fiscal Year ending on April 30, 2003 = </font><b><font face="Times New Roman">Cannot
exceed $6,250,000<br>
</font>
        </b>
<font face="Times New Roman">(iii) Any Fiscal Year thereafter = </font><b><font face="Times New Roman">Cannot
exceed $6,750,000</font>
        </b>
</font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="64"></td>
    <td width="34"></td>
    <td width="42"><font face="Times New Roman">(b)</font></td>
    <td width="509"><font SIZE="2"><u><font face="Times New Roman">Fixed
    Charge Coverage Ratio</font></u><font face="Times New Roman">: </font><b><font face="Times New Roman">Cannot
    be less than 1.0 to 1.0.</font>
    </b>
</font>
    </td>
  </tr>
  <tr>
    <td width="64"></td>
    <td width="34"></td>
    <td width="42"><font face="Times New Roman">(c)</font></td>
    <td width="509"><font SIZE="2"><u><font face="Times New Roman">EBITDA</font></u><font face="Times New Roman">:</font>
</font>
    </td>
  </tr>
  <tr>
    <td width="64"></td>
    <td width="34"></td>
    <td width="42"></td>
    <td width="509"></td>
  </tr>
</table>
</font>
<p ALIGN="left">&nbsp;
<div align="center">
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="5" WIDTH="544">
  <tr>
    <td WIDTH="35%" VALIGN="TOP"><b><u><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Four-Quarter Periods
      Ending:</font></font></u></b></td>
    <td WIDTH="32%" VALIGN="TOP"><b><u><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Initial EBITDA<br>
      Requirement:</font></p>
      </font></u></b>
    </td>
    <td WIDTH="32%" VALIGN="TOP"><b><u><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">Subsequent EBITDA<br>
      Requirement:</font></font></u></b></p>
    </td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="32%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="32%" VALIGN="TOP">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">From the Closing Date<br>
      Through April 29, 2002</font></p>
      <p ALIGN="CENTER"></font></td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">$16,000,000</font></font></td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">$13,000,000</font></font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">From April 30, 2002<br>
      Through April 29, 2003</font></p>
      <p ALIGN="CENTER"></font></td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">$19,000,000</font></font></td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">$13,000,000</font></font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">From April 30, 2003<br>
      through Termination</font></font></p>
    </td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">$24,000,000</font></font></td>
    <td WIDTH="32%" VALIGN="TOP"><font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">$15,000,000</font></font></td>
  </tr>
</table>
  </center>
  </div>
<font SIZE="2">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
    <td width="64"></td>
    <td width="34"><font face="Times New Roman" size="2">B.</font></td>
    <td width="551"><font face="Times New Roman" SIZE="2"> Compliance with Section
8.4(a): Existing Indebtedness</font></td>
  </tr>
</table>
<table border="0" width="685" cellpadding="7">
  <tr>
    <td width="64"></td>
    <td width="34"></td>
    <td width="276"><font face="Times New Roman">1.</font></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font SIZE="2"><font face="Times New Roman">Existing Indebtedness&nbsp;</font></font></td>
    <td width="275">
      <p align="right"><font face="Times New Roman">
    $__________</font></td>
  </tr>
  <tr>
    <td width="64"></td>
    <td width="34"></td>
    <td width="551" colspan="2"><font face="Times New Roman"><b><font SIZE="2">Required:
</font>
          </b>
      </font>
</font>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font SIZE="2"><font face="Times New Roman"><b>Not more than
        $1,000,000 outstanding at any time
          </b>
    </font></td>
  </tr>
  <tr>
    <td width="64"></td>
    <td width="34"><font face="Times New Roman">C.&nbsp;</font></td>
    <td width="551" colspan="2"><font face="Times New Roman"> Compliance with Section
8.4(d): Purchase Money Indebtedness<br>
      and Capital Lease
    Obligations</font></td>
  </tr>
</table>
        <b>
        <p ALIGN="JUSTIFY">&nbsp;</p>
          </b>
<p ALIGN="center">F-1</p>
        <b>
        <hr align="right" color="#000080" size="3">
        <p ALIGN="JUSTIFY">&nbsp;</p>
        <table border="0" width="100%" cellpadding="5">
          <tr>
            <td width="16%"></td>
            <td width="16%"><font face="Times New Roman" size="2">1.</font></td>
            <td width="50%"><font face="Times New Roman" SIZE="2"> Purchase money and
    Capital Lease obligations</font></td>
            <td width="34%"><font face="Times New Roman" SIZE="2">&nbsp;$__________</font></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%"><font SIZE="2"><b><font face="Times New Roman" size="2">Required:&nbsp;</font>
          </b>
</font>
            </td>
            <td width="50%"><font SIZE="2">
        <b>
        <font face="Times New Roman" size="2"> Not more than
        $5,000,000 outstanding at any time</font>
          </b>
</font>
            </td>
            <td width="34%"></td>
          </tr>
          <tr>
            <td width="16%" valign="top"><font face="Times New Roman" size="2">D.</font></td>
            <td width="66%" colspan="2"><font face="Times New Roman" SIZE="2"> Compliance with Section
8.4(e): Guarantees of Trade<br>
              Account Indebtedness</font></td>
            <td width="34%"></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%"><font face="Times New Roman" size="2">1.</font></td>
            <td width="50%"><font face="Times New Roman" SIZE="2"> Guarantees of trade
    account indebtedness</font></td>
            <td width="34%"><font face="Times New Roman" SIZE="2">&nbsp;$__________</font></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%"><font SIZE="2"><b><font face="Times New Roman" size="2">Required:&nbsp;</font>
          </b>
</font>
            </td>
            <td width="50%"><font SIZE="2">
        <b>
        <font face="Times New Roman" size="2"> Not more than $1,000,000 outstanding
        at any time</font>
          </b>
</font>
            </td>
            <td width="34%"></td>
          </tr>
          <tr>
            <td width="16%" valign="top"><font face="Times New Roman" size="2">E.</font></td>
            <td width="66%" colspan="2"><font face="Times New Roman" SIZE="2"> Compliance with Section
8.4(g): Guarantees of Asset Disposition</font></td>
            <td width="34%"></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%"><font face="Times New Roman" size="2">1.</font></td>
            <td width="50%"><font face="Times New Roman" SIZE="2"> Guarantees of Asset
    Disposition</font></td>
            <td width="34%"><font face="Times New Roman" SIZE="2">&nbsp;$__________</font></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%"><font SIZE="2"><b><font face="Times New Roman" size="2">Required:&nbsp;</font>
          </b>
</font>
            </td>
            <td width="50%"><font SIZE="2">
        <b>
        <font face="Times New Roman" size="2"> Not more than $3,500,000 outstanding
        at any time</font>
          </b>
</font>
            </td>
            <td width="34%"></td>
          </tr>
          <tr>
            <td width="16%" valign="top"><font face="Times New Roman" size="2">F.</font></td>
            <td width="66%" colspan="2"><font face="Times New Roman" SIZE="2"> Compliance with Section
8.4(h): Guarantees of floor plan financing</font></td>
            <td width="34%"></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%"><font face="Times New Roman" size="2">1.</font></td>
            <td width="50%"><font face="Times New Roman" SIZE="2"> Guarantees of floor plan
    financing</font></td>
            <td width="34%"><font face="Times New Roman" SIZE="2">&nbsp;$__________</font></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%"><font SIZE="2"><b><font face="Times New Roman" size="2">Required:&nbsp;</font>
          </b>
</font>
            </td>
            <td width="50%"><font SIZE="2">
        <b>
        <font face="Times New Roman" size="2"> Not more than
    $30,000,000 outstanding at any time</font></b></font></td>
            <td width="34%"></td>
          </tr>
          <tr>
            <td width="16%" valign="top"><font face="Times New Roman" size="2">G.</font></td>
            <td width="100%" colspan="3"><font face="Times New Roman" SIZE="2"> Compliance with Section
8.4(i): Guarantees of partial recourse obligations</font></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%"><font face="Times New Roman" size="2">1.</font></td>
            <td width="50%"><font face="Times New Roman" SIZE="2"> Guarantees of partial
    recourse obligations</font></td>
            <td width="34%"><font face="Times New Roman" SIZE="2">&nbsp;$__________</font></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%"><font SIZE="2"><b><font face="Times New Roman" size="2">Required:&nbsp;</font>
          </b>
</font>
            </td>
            <td width="50%"><font SIZE="2">
        <b>
        <font face="Times New Roman" size="2"> Not more than $1,000,000 outstanding
        at any time</font></b></font></td>
            <td width="34%"></td>
          </tr>
          <tr>
            <td width="16%" valign="top"><font face="Times New Roman" size="2">H.</font></td>
            <td width="100%" colspan="3"><font face="Times New Roman" SIZE="2"> Compliance with Section
8.4(l): intercompany Indebtedness from the RoadOne Borrowers
    to the Miller Borrowers incurred on or after the
    Closing Date</font></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%" valign="top"><font face="Times New Roman" size="2">1.</font></td>
            <td width="50%"><font face="Times New Roman" SIZE="2">intercompany
              Indebtedness from the RoadOne Borrowers to the Miller Borrowers
              incurred on or after the Closing Date</font></td>
            <td width="34%"><font face="Times New Roman" SIZE="2">&nbsp;$__________</font></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%"><font SIZE="2"><b><font face="Times New Roman" size="2">Required:&nbsp;</font>
          </b>
</font>
            </td>
            <td width="50%"><font SIZE="2">
        <b>
        <font face="Times New Roman" size="2"> Not more than $7,000,000 outstanding
        at any time</font></b></font></td>
            <td width="34%"></td>
          </tr>
          <tr>
            <td width="16%" valign="top"><font face="Times New Roman" size="2">I.</font></td>
            <td width="100%" colspan="3"><font face="Times New Roman" SIZE="2"> Compliance with Section
    8.4(m): unsecured intercompany Indebtedness from the
    Borrowers or any Subsidiaries to any Foreign Subsidiaries</font></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%" valign="top"><font face="Times New Roman" size="2">1.</font></td>
            <td width="50%"><font face="Times New Roman" SIZE="2"> unsecured intercompany
    Indebtedness from the Borrowers or any
        Subsidiaries to any Foreign Subsidiaries&nbsp;</font></td>
            <td width="34%"><font face="Times New Roman" SIZE="2">&nbsp;$__________</font></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="16%"><font SIZE="2"><b><font face="Times New Roman" size="2">Required:&nbsp;</font>
          </b>
</font>
            </td>
            <td width="50%"><font SIZE="2">
        <b>
        <font face="Times New Roman" size="2"> Not more than $1,000,000 outstanding
        at any time</font></b></font></td>
            <td width="34%"></td>
          </tr>
          <tr>
            <td width="16%"></td>
            <td width="66%" colspan="2"></td>
            <td width="34%"></td>
          </tr>
        </table>
          </b>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
    <b>
</b>
    <b>
          </b>
<blockquote>
  <blockquote>
  </blockquote>
</blockquote>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY">&nbsp;</p>
    <p ALIGN="center">F-2</p>
  </blockquote>
</blockquote>
<hr align="right" color="#000080" size="3">
    <p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%" cellpadding="5">
  <tr>
    <td width="16%" valign="top"><font face="Times New Roman" size="2">J.</font></td>
    <td width="100%" colspan="3"><font face="Times New Roman" SIZE="2"> Compliance with Section
    8.4(n): unsecured intercompany Indebtedness incurred on or
    after the Closing Date for loans and advances made by
    Miller or any Miller Borrower to any RoadOne
    Borrower</font></td>
  </tr>
  <tr>
        <b>
        <td width="16%"></td>
          </b>
    <td width="1%" valign="top"><font face="Times New Roman" size="2">1.</font></td>
    <td width="71%"><font face="Times New Roman" SIZE="2"> unsecured intercompany
    Indebtedness incurred on or after the
        Closing Date for loans and advances made
        by Miller or any Miller Borrower to
        any RoadOne Borrower</font></td>
    <td width="34%"><font face="Times New Roman" SIZE="2">&nbsp;$__________</font></td>
  </tr>
  <tr>
        <b>
        <td width="16%"></td>
        <td width="16%"><font SIZE="2"><b><font face="Times New Roman" size="2">Required:&nbsp;</font>
          </b>
</font>
        </td>
        <td width="50%"><font SIZE="2">
        <b>
        <font face="Times New Roman" size="2"> Not more than $1,000,000 outstanding
        at any time</font></b></font></td>
        <td width="34%"></td>
          </b>
  </tr>
  <tr>
    <td width="16%" valign="top"></td>
    <td width="13%"></td>
    <td width="54%"></td>
    <td width="33%"></td>
  </tr>
</table>
<p ALIGN="JUSTIFY"><font face="Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No Default</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since __________ (the date of
the last similar certification), (a) the Borrowers have not defaulted in the
keeping, observance, performance or fulfillment of its obligations pursuant to
any of the Loan Documents; and (b) no Default or Event of Default specified in <u>Article
IX</u> of the Agreement has occurred and is continuing.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a Default or Event of
Default has occurred since __________ (the date of the last similar
certification), the Borrowers propose to take the following action with respect
to such Default or Event of
Default:______________________________________________________</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">____________________________________________________________.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(Note, if no Default or Event of
Default has occurred, insert &quot;Not Applicable&quot;).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The Determination Date is the
date of the last required financial statements submitted to the Lenders in
accordance with <u>Section 7.1</u> of the Agreement.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center"><font face="Times New Roman">F-3</font></p>
<hr align="right" color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">IN WITNESS WHEREOF, I have
executed this Certificate this ___ day of ___________, 20___.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
    <td width="327"></td>
    <td width="344">
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">By:________________________________<br>
                        </font>
</font>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font SIZE="2"><font face="Times New Roman">Authorized
                          Representative</font>
</font>
    </p>
                        <p ALIGN="JUSTIFY"><font SIZE="2"><font face="Times New Roman">Name:__________________________________<br>
                        Title:___________________________________</font><u></p>
                        </td>
    </tr>
  </table>
                        <p ALIGN="left">&nbsp;</p>
                        <p ALIGN="left">&nbsp;</p>
                        <p ALIGN="center"><font face="Times New Roman">F-4</font></p>
<hr align="right" color="#000080" size="3">
                        <p ALIGN="left">&nbsp;</p>
                        <p>&nbsp;</p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">EXHIBIT G</font></p>
<p ALIGN="CENTER"><font face="Times New Roman">Form of Warrant Agreement</font></p>
<p ALIGN="CENTER">&nbsp;</p>
</u>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">MILLER INDUSTRIES, INC.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
  <hr color="#000000" size="3" width="50%">
  <center>
<font SIZE="2">
      <p ALIGN="CENTER"><font face="Times New Roman">WARRANT AGREEMENT<br>
      </font></font>
</center><font SIZE="2">
<hr color="#000000" size="3" width="50%">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">________ ___, 2001</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<hr color="#000080" size="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">WARRANT AGREEMENT</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">WARRANT AGREEMENT, dated as of
________ ___, 2001 (this &quot;Agreement&quot;), among MILLER INDUSTRIES, INC.,
a Tennessee corporation (the &quot;Corporation&quot;), and each person attaching
a signature page hereto and each other institution which may hereafter execute
and deliver an instrument of assignment pursuant to Schedule 11.1 that certain
Amended and Restated Credit Agreement, dated _________ __, 2001, by and among
the Corporation, the Lenders party thereto and Bank of America, N.A., as Agent
for the Lenders (as amended, restated, supplemented, or modified, the
&quot;Credit Agreement&quot;) (each an &quot;Investor&quot; and, collectively
the &quot;Investors&quot;).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Pursuant to the terms of the
Credit Agreement, the Corporation has agreed to enter into this Agreement to
issue to the Investors warrants (the &quot;Warrants&quot;) exercisable for
shares of common stock, $0.01 par value per share, of the Corporation (the
&quot;Common Stock&quot;).</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The Corporation has authorized
the issuance to the Investors and to their designated Affiliates (which are,
where applicable, referred to as Investors herein) of the Warrants under the
terms and conditions hereof, which number of shares is subject to increase or
decrease as provided herein.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">In consideration of the
foregoing and of the representations, warranties and agreements contained in the
Credit Agreement, and for the purpose of defining the terms and provisions of
the Warrants and the Warrant Shares (as defined herein) and the respective
rights and obligations thereunder of the Corporation and the Holders (as defined
herein), the Corporation and the Investors hereby agree as follows:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE 1</font></p>
<u>
<p ALIGN="CENTER"><font face="Times New Roman">CERTAIN DEFINITIONS</font></p>
</u></b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">For all purposes of this
Agreement, except as otherwise expressly provided:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the terms defined in this
Article 1 have the meanings assigned to them in this Article, and include the
plural as well as the singular;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the words
&quot;herein,&quot; &quot;hereof&quot; and &quot;hereunder,&quot; and other
words of similar import, refer to this Agreement as a whole and not to any
particular article, section or other subdivision; and</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any capitalized term
otherwise not defined herein, shall have the meaning ascribed to it under the
Credit Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Affiliate</u>&quot;
means, with respect to any person, any other person that directly or indirectly,
through one or more intermediaries, controls, is controlled by or is under
common control with the first mentioned person. A person shall be deemed to
control another person if such first person possesses directly or indirectly the
power to direct, or cause the direction of, the management and policies of the
second person, whether through the ownership of voting securities, by contract
or otherwise.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Board</u>&quot; or
&quot;Board of Directors&quot; means the board of directors of the Corporation.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Business Day</u>&quot;
means any day which is not a Saturday, Sunday or a day on which banking
institutions in the State of New York are authorized or obligated by law,
executive order, regulation or governmental decree to close.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Capital Stock</u>&quot;
shall mean the Common Stock and preferred stock of the Corporation.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Change of Control</u>&quot;
means: (i) the consummation of a merger or consolidation of the Corporation with
or into another entity or any other corporate reorganization, or transfer of
shares, in either case whereby any person or group acquires beneficial ownership
of more than 50% of the combined voting power of all classes of the continuing
or surviving entity&#146;s capital stock outstanding immediately after such merger,
consolidation or other reorganization, or transfer of shares, or (ii) the sale,
transfer or other disposition of all or substantially all of the Corporation&#146;s
assets. A transaction shall not constitute a Change of Control if its sole
purpose is to change the jurisdiction of the Corporation&#146;s incorporation or
organization or to create a holding Corporation, subsidiary or other affiliate
that will be owned by the Corporation or by the persons who held the Corporation&#146;s
securities immediately before such transaction in substantially the same
proportions as before.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-1</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Closing</u>&quot; means
either the Tranche I Closing or the Tranche II Closing, whichever is applicable
for a particular Warrant.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Commission</u>&quot;
means the Securities and Exchange Commission.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Common Stock</u>&quot;
means the common stock, $0.01 par value per share, of the Corporation.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Corporation</u>&quot;
has the meaning set forth in the preamble hereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Credit Agreement</u>&quot;
has the meaning set forth in the preamble hereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Exchange Act</u>&quot;
means the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the Commission promulgated thereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Exercise Price</u>&quot;
shall mean either the Tranche I Exercise Price or the Tranche II Exercise,
whichever is applicable for a particular Warrant.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Expiration Date</u>&quot;
means either the Tranche I Expiration Date or the Tranche II Expiration Date,
whichever is applicable for a particular Warrant.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Holders</u>&quot; means
the holders from time to time of the Warrants or the Warrant Shares issued upon
exercise of the Warrants.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Independent Valuation
Firm</u>&quot; means an independent, experienced appraisal firm which is a
member of a recognized professional association of business appraisers
acceptable to a majority of the Board of Directors of the Corporation and the
applicable Holder and which has not been called upon to audit the financial
statements of the Corporation or such Holder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Market Price</u>&quot;
shall mean on any date specified herein, with respect to Common Stock or to
common stock (or equivalent equity interests) issued pursuant to a Change of
Control, the amount per share equal to (i) the average sale price of the last
sale price of shares of Common Stock, regular way, or of shares of such common
stock (or equivalent equity interests) for the immediately preceding twenty (20)
Business Days (or such other period as may be specified in this Warrant) or, if
no such sale takes place on any such date, the average of the closing bid and
asked prices thereof on such date, in each case as officially reported on the
principal national securities exchange on which the same are then listed or
admitted to trading, or (ii) if no shares of Common Stock or no shares of such
common stock (or equivalent equity interests), as the case may be, are then
listed or admitted to trading on any national securities exchange, the average
sale price of the last sale price of shares of Common Stock, regular way, or of
shares of such common stock (or equivalent equity interests) for the immediately
preceding twenty (20) Business Days (or such other period as may be specified in
this Warrant), or, if no such sale takes place on any such date, the average of
the reported closing bid and asked prices thereof on such date, in each case as
quoted in the Nasdaq National Market or, if no shares of Common Stock or no
shares of such common stock (or equivalent equity interest), as the case may be,
are then quoted in the Nasdaq National Market or Nasdaq Smallcap Market, as
published by the National Quotation Bureau, Incorporated or any similar
successor organization, and in either case as reported by any member firm of the
New York Stock Exchange selected by the Corporation, or (iii) if no shares of
Common Stock or no shares of such common stock (or equivalent equity interests),
as the case may be, are then listed or admitted to trading on any national
securities exchange or quoted or published in the over-the-counter market, the
higher of (x) the book value thereof as determined by any firm of independent
public accountants of recognized standing selected by the Board of Directors of
the Corporation, as of the last day of any month ending within sixty (60) days
preceding the date as of which the determination is to be made or the price per
Warrant Share determined in good faith by the Board of Directors as of the
relevant Closing and notified to the Investors in accordance with Section 7.1
(the &quot;Initially Determined Price&quot;); provided, however, if any Investor
who is entitled to receive any Warrants with respect to the related Closing
objects to the Board of Directors&#146; determination of such Market Price pursuant
to clause (iii) above within five Business Days&#146; of receipt of such notice by
a written notice of objection delivered to the Corporation (an &quot;Objection
Notice,&quot; and each Investor who has delivered an Objection Notice an
&quot;Objecting Investor&quot;), the Market Price shall be such price per
Warrant Share as of the relevant Closing as may be redetermined by the Board of
Directors in consultation with and subject to the agreement of each Objecting
Investor, each of whom shall be required to negotiate in good faith and use
commercially reasonable efforts to reach agreement prior to the Referral Date
(as defined herein) (and such price shall be final upon the agreement of each of
the Objecting Investors); provided, further that if the Board of Directors and
each Objecting Investor are not able to agree on the Market Price within ten
(10) Business Days after the Corporation&#146;s receipt of all timely Objection
Notices (the &quot;Referral Date&quot;), the Market</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center">G-2</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">Price shall be the price per
Warrant Share as of the relevant Closing determined by an Independent Valuation
Firm, not discounting value due to the fact that such securities constitute a
minority interest, and lack liquidity but assuming that the sale would be
between a willing buyer and a willing seller, neither of which is under any
compulsion to sell or buy. The Board of Directors shall submit its valuations
and any other relevant data, and any Investor may submit its own valuation and
any other data, to the Independent Valuation Firm and the Corporation shall
instruct, and shall use commercially reasonable efforts to cause, the
Independent Valuation Firm to make its own determination of the Market Price by
not later than fifteen (15) Business Days after the Referral Date. If the
Independent Valuation Firm fails to determine a price per share on or before the
twentieth (20th) Business Day following the Referral Date, the Initially
Determined Price shall be deemed final and binding. If the Independent Valuation
Firm determines a price per share on or before the twentieth (20th) Business Day
following the Referral Date, whether such price is higher or lower than the
Initially Determined Price, the determination of the final Market Price by such
Independent Valuation Firm shall be final and binding upon the parties. The
Corporation agrees to pay 50%, and the Objecting Investors jointly agree to pay
50%, of the fees and expenses of the Independent Valuation Firm.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Securities Act</u>&quot;
means the Securities Act of 1933, as amended, and the rules and regulations of
the Commission promulgated thereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Tranche I Closing</u>&quot;
has the meaning set forth in Section 2.3(a) hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Tranche II Closing</u>&quot;
has the meaning set forth in Section 2.3(b) hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Tranche I Exercise
Price</u>&quot; is equal to the Market Price as of the Tranche I Closing.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Tranche II Exercise
Price</u>&quot; is equal to the Market Price as of the Tranche II Closing.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Tranche I Expiration
Date</u>&quot; for each Warrant issued pursuant to Section 2.3(a) hereunder, is
equal to the date that is seven years from the date hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Tranche II Expiration
Date</u>&quot; for each Warrant issued pursuant to Section 2.3(b) hereunder, is
equal to the date that is eight years from the date hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Tranche I Shares</u>&quot;
means the Warrant Shares (as adjusted in accordance with Section 4 herein) to be
issued in accordance with Section 2.3(a) hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Tranche II Shares</u>&quot;
means the Warrant Shares (as adjusted in accordance with Section 4 herein) to be
issued in accordance with Section 2.3(b) hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Transfer Legend</u>&quot;
means a legend in the form required by Section 2.2 hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Warrants</u>&quot; have
the meaning set forth in the preamble hereto.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Warrant Certificates</u>&quot;
has the meaning set forth in Section 2.1 hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">&quot;<u>Warrant Shares</u>&quot;
means shares of Common Stock issuable upon exercise of a Warrant Certificate.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE 2<br>
</font>
<u>
<font face="Times New Roman">RIGHT TO PURCHASE WARRANT SHARES</font></p>
</u></b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.1</font></b></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font SIZE="2"><font face="Times New Roman"><b><u>Form of Warrant Certificates</u></b>. Any certificate representing the
Warrants (a &quot;Warrant Certificate&quot;), the form of which is attached
hereto as Exhibit A, shall be detachable from this Agreement and the Credit
Agreement and shall be dated the date on which it is signed by a duly authorized
officer of the Corporation and shall have such insertions as are appropriate or
required or permitted by this Agreement and may have such letters, numbers or
other marks of identification as the Corporation may deem appropriate and as are
not inconsistent with the provisions of this Agreement or the Credit Agreement.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Legend</u></font></b><font face="Times New Roman">.
Each Warrant Certificate shall bear on the face thereof a legend (the &quot;<u>Transfer
Legend</u>&quot;) substantially in the following form:</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-3</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY"><font face="Times New Roman">&quot;This Warrant has
        not been registered under the Securities Act of 1933, as amended (the
        &quot;Act&quot;), and may not be transferred in the absence of such
        registration or an exemption therefrom under such Act.&quot;</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Except as otherwise permitted by
this <u>Section 2.2</u>, (a) each certificate for Common Stock (or other
security) issued upon the exercise of any Warrant, and (b) each certificate
issued upon the direct or indirect transfer of any such Common Stock (or other
security) shall be stamped or otherwise imprinted with a legend in substantially
the following form:</font></p>
<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY"><font face="Times New Roman">&quot;The shares
        represented by this certificate have not been registered under the
        Securities Act of 1933, as amended (the &quot;Act&quot;), and may not be
        transferred in the absence of such registration or an exemption
        therefrom under such Act.&quot;</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The holder of any Warrant or
Warrant Share shall be entitled to receive from the Corporation, without
expense, new securities of like tenor not bearing the applicable legend set
forth above in this <u>Section 2.2</u> when such securities shall have been (a)
effectively registered under the Securities Act and disposed of in accordance
with the registration statement covering such securities, (b) sold to the public
pursuant to Rule 144 or any comparable rule under the Securities Act, or (c)
when, in the opinion of independent counsel for the holder thereof experienced
in Securities Act matters, such restrictions are no longer required in order to
insure compliance with the Securities Act.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font face="Times New Roman">Warrant
Tranches</font></p>
</u></b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The Warrants shall be issuable
to the Investors in accordance with the provisions of this <u>Section 2.3</u>.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Tranche I</u>. On the
    earliest practicable date following the One-Year Anniversary (as defined in
    the Credit Agreement) (the &quot;Tranche I Closing&quot;), the Corporation
    shall issue to the Investors then a party to this Agreement Warrants
    exercisable for a number of Warrant Shares equal to (i) a fraction, the
    numerator of which shall be be the aggregate outstanding principal balance
    of the Term Loans as of the One-Year Anniversary and the denominator of
    which shall be the aggregate outstanding principal balance of the Term Loans
    as of the date hereof, <u>multiplied by</u> (ii) the product of 0.5% <u>times</u>
    the number of outstanding shares of Common Stock of the Corporation as of
    the One-Year Anniversary (the &quot;Tranche I Shares&quot;). Each Investor a
    party to this Agreement on the One-Year Anniversary shall receive that
    number of the Tranche I Shares that is equal to such Investor&#146;s Applicable
    Commitment Percentage multiplied by the aggregate number of Tranche I Shares
    issuable by the Corporation pursuant to this clause (a).</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Tranche II</u>. On
    the earliest practicable date following the Two-Year Anniversary (as defined
    in the Credit Agreement) (the &quot;Tranche II Closing&quot;), the
    Corporation shall issue to the Investors then a party to this Agreement
    Warrants exercisable for a number of Warrant Shares equal to (i) a fraction,
    the numerator of which shall be be the aggregate outstanding principal
    balance of the Term Loans as of the Two-Year Anniversary and the denominator
    of which shall be the aggregate outstanding principal balance of the Term
    Loans as of the date hereof, <u>multiplied by</u> (ii) the product of 1.5% <u>times</u>
    the number of outstanding shares of Common Stock of the Corporation as of
    the Two-Year Anniversary (the &quot;Tranche II Shares&quot;). Each Investor
    a party to this Agreement on the Two-Year Anniversary shall receive that
    number of the Tranche II Shares that is equal to such Investor&#146;s
    Applicable Commitment Percentage multiplied by the aggregate number of
    Tranche II Shares issuable by the Corporation pursuant to this clause (b).</font></p>
  </blockquote>
</blockquote>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Delivery of the Warrant
Certificates</u></font></b><font face="Times New Roman">. Within ten (10) days
of any Closing, the Corporation shall issue to any Investor who is entitled to
receive Warrants in accordance with <u>Section 2.3</u> above, a Warrant
Certificate for Warrants to purchase said number of Warrant Shares, which number
of Warrant Shares is subject to increase and decrease as provided in Article 4
below. In the event a Holder exercises its right to acquire Warrant Shares
granted under any Warrant Certificate, certificates for the shares of Common
Stock so purchased shall be issued in the name of, or as directed by, the Holder
and delivered to Holder, or its transferee (as provided in Article 6 herein),
within a reasonable time and, unless such Warrant Certificate has been fully
exercised or has expired, a new Warrant Certificate representing the shares with
respect to which such Warrant Certificate shall not have been exercised shall
also be issued to Holder, or its transferee, within such time.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE 3<br>
</font>
<u>
<font face="Times New Roman">EXERCISE OF WARRANTS</font></p>
</u></b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-4</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Exercise Price</u></font></b><font face="Times New Roman">.
The Warrant Certificates shall entitle the Holders thereof, subject to the
provisions of this Agreement, to purchase, as applicable: (a) the Tranche I
Warrant Shares at the Tranche I Exercise Price and (b) the Tranche II Warrant
Shares at the Tranche II Exercise Price.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Restrictions on Exercise;
Expiration</u></font></b><font face="Times New Roman">. Subject to the terms and
conditions of this Agreement, on or before the applicable Expiration Date, the
Warrants may be exercised on any Business Day as to all or any portion of the
Warrant Shares. If any of the Warrants are not exercised by 5:00 p.m., New York
City time, on the applicable Expiration Date, this Agreement and unexercised
Warrants and Warrant Certificates shall expire and all rights of the Holders
hereunder and thereunder shall terminate unless otherwise provided herein or
therein.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Method of Exercise;
Payment of Exercise Price</u></font></b><font face="Times New Roman">.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In order to exercise all
    or any of the Warrants, a Holder thereof shall provide written notice in
    substantially the form of <u>Attachment-1</u> to <u>Exhibit A</u> to the
    Corporation at its address set forth in <u>Section 9.3</u> hereof specifying
    the number of Warrants being exercised. Such notice shall be accompanied by
    one or more Warrant Certificates representing not less than the number of
    Warrants being exercised, together with payment in full of the applicable
    per share Exercise Price multiplied by the number of Warrant Shares to be
    purchased pursuant to the exercise. The Exercise Price shall be payable, at
    the option of such Holder by wire transfer, certified check, official bank
    check or bank cashier&#146;s check payable to the order of the Corporation. If
    the number of Warrants being exercised is less than the number of Warrants
    represented by the Warrant Certificate(s) tendered in connection with the
    exercise, the Corporation shall issue new Warrant Certificate(s) for the
    unexercised Warrants in accordance with instructions contained in the notice
    of exercise and this Agreement.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In lieu of exercising
    this Warrant pursuant to <u>Section 3.2(a)</u> above, Holder may elect to
    receive shares based on the value of this Warrant (or the portion thereof
    being canceled) by surrender of this Warrant at the principal office of the
    Corporation together with notice of such election, in which event the
    Corporation shall issue to Holder a number of shares of Common Stock
    computed using the following formula:</font></p>
    <p ALIGN="JUSTIFY">&nbsp;</p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman">X = </font><font face="Times New Roman"><u>Y
    (A-B)<br>
    </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A</font></p>
    </blockquote>
  </blockquote>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY"><font face="Times New Roman">Where:</font></p>
    <p ALIGN="JUSTIFY">&nbsp;</p>
    <blockquote>
      <blockquote>
        <p ALIGN="JUSTIFY"><font face="Times New Roman">X= the number of shares
        of Common Stock to be issued to Holder;</font></p>
                <p ALIGN="left"><font face="Times New Roman">Y= the number of
                shares of Common Stock purchasable under this Warrant (at the
                date of such calculation);</font></p>
                <p ALIGN="JUSTIFY"><font face="Times New Roman">A= the Market
                Value of one share of the Corporation&#146;s Common Stock (at the
                date of such calculation); and</font></p>
                <p ALIGN="JUSTIFY"><font face="Times New Roman">B= Exercise
                Price as of the date of issuance of the Warrant (adjusted to the
                date of such calculation).</font></p>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon exercise of any
    Warrant in conformity with the foregoing provisions, the Corporation shall (i)
    transfer promptly to, or upon the written order of, the Holder of such
    Warrant, appropriate evidence of ownership of any Warrant Shares or other
    securities or property (including money) to which it is entitled, registered
    or otherwise placed in such name or names as may be directed in writing by
    the Holder thereof, (ii) deliver such evidence of ownership and any other
    securities or property (including money) to the person or persons entitled
    to receive the same, and (iii) reissue, as the case may be, a Warrant
    Certificate for any unexercised Warrants. A Warrant shall be deemed to have
    been exercised immediately prior to the close of business on the date of the
    surrender for exercise of the Warrant Certificate representing such Warrant
    being exercised and the payment of or surrender of Warrants representing the
    Exercise Price thereof, and, for all purposes of this Agreement, the person
    entitled to receive any Warrant Shares or other securities or property
    deliverable upon such exercise shall, as between such person</font></p>
  </blockquote>
</blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center">G-5</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
    <p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">and the
    Corporation, be deemed to be the Holder of such Warrant Shares or other
    securities or property of record as of the close of business on such date
    and shall be entitled to receive any Warrant Shares or other securities or
    property (including money) to which such person would have been entitled had
    such person been the record holder of such Warrant Shares or other
    securities or property on such date.</font></p>
  </blockquote>
</blockquote>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Dividends and
Distributions</u></font></b><font face="Times New Roman">. For so long as any of
the Warrants remain outstanding and unexercised, the Corporation will, upon the
declaration of a cash dividend upon its Common Stock or other distribution to
the holders of its Common Stock (other than a dividend to holders of its Common
Stock payable in shares of the Corporation&#146;s Common Stock) and at least 10
days prior to the record date, notify the Holders of such declaration, which
notice will contain, at a minimum, the following information: (i) the
anticipated date of the declaration of the dividend or distribution, (ii) the
amount of such dividend or distribution, (iii) the record date of such dividend
or distribution, (iv) the payment date or distribution date of such dividend or
distribution, and (v) the Corporation&#146;s best estimate of the frequency and
amount of cash dividends or other distributions to be paid or made in each of
the succeeding three years.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE 4<br>
</font>
<u>
<font face="Times New Roman">ADJUSTMENTS</font></p>
</u></b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The number of Warrant Shares for
which any Warrant is exercisable and the applicable Exercise Price for such
Warrant shall be subject to adjustment from time to time as set forth in this <u>Section
4</u>.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Upon Stock Dividends,
Subdivisions or Splits</u></font></b><font face="Times New Roman">. If, at any
time after the date hereof, the number of shares of Common Stock outstanding is
increased by a stock dividend payable in shares of Common Stock or by a
subdivision or split-up of shares of Common Stock then, the number of shares of
Common Stock purchasable on exercise of a Warrant shall be increased in
proportion to such increase in outstanding shares of Common Stock, and the
applicable Exercise Price per share for such Warrant Shares shall be decreased
in proportion to such increase in outstanding shares of Common Stock.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Upon Combinations</u></font></b><font face="Times New Roman">.
If, at any time after the date hereof, the number of shares of Common Stock
outstanding is decreased by any combination of the outstanding shares of Common
Stock into a smaller number of shares of Common Stock, then the number of shares
of Common Stock purchasable on exercise of a Warrant shall be decreased in
proportion to such decrease in outstanding shares of Common Stock, and the
applicable Exercise Price per share for such Warrant Shares shall be increased
in proportion to such decrease in outstanding shares of Common Stock.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Upon Reclassifications,
Reorganizations, Consolidations or Mergers</u></font></b><font face="Times New Roman">.
In the event of any capital reorganization of the Corporation, any
reclassification of the Common Stock of the Corporation (other than a change in
par value or from par value to no par value or from no par value to par value or
as a result of a stock dividend or subdivision, split-up or combination of
shares), or any Change of Control transaction, all Warrants issuable hereunder
shall after such reorganization, reclassification, consolidation, or merger be
exercisable for the kind and number of shares of stock or other securities or
property of the Corporation or of the successor corporation resulting from such
consolidation or surviving such merger, if any, to which the holder of the
number of shares of Common Stock deliverable upon exercise of a Warrant issuable
hereunder (immediately prior to the time of such reorganization,
reclassification, consolidation or merger) would have been entitled upon such
reorganization, reclassification, consolidation or merger. The provisions of
this clause shall similarly apply to successive reorganizations,
reclassifications, consolidations, or mergers. Furthermore, the Corporation will
not merge into or consolidate with any other person, or sell or otherwise
transfer its property, assets and business substantially as an entirety to a
successor of the Corporation, unless prior to the consummation of such
reorganization, reclassification, consolidation or merger, the successor
corporation (if other than the Corporation) resulting from such reorganization,
reclassification, consolidation, assumes, by written instrument, the obligation
to deliver to the Holder of a Warrant issuable hereunder, such shares of stock,
securities or assets, which, in accordance with the foregoing provisions, such
Holders shall be entitled to receive upon exercise.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Deferral in Certain
Circumstances</u></font></b><font face="Times New Roman">. In any case in which
the provisions of this Section 4 shall require that an adjustment shall become
effective immediately after a record date of an event, the Corporation may defer
until the occurrence of such event issuing to the Holder of any Warrant
exercised after such record date and before the occurrence of such event the
shares of Common Stock issuable upon such exercise by reason of the adjustment
required by such event and issuing to such Holder only the shares of Common
Stock issuable upon such exercise before giving effect to such adjustments;
provided, however, that the Corporation shall deliver to such Holder an
appropriate instrument or due bills evidencing such Holder&#146;s right to receive
such additional shares.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE 5<br>
</font>
<u>
<font face="Times New Roman">RESERVATION AND AUTHORIZATION OF
COMMON SHARES, ETC.</font></p>
</u></b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-6</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Reservation and
Authorization</u></font></b><font face="Times New Roman">. The Corporation
hereby represents and warrants that it has reserved, and shall at all times
hereafter reserve and keep available, for issuance upon exercise of the Warrants
such number of its duly authorized but unissued shares of Common Stock as will
be sufficient to permit the exercise in full of all outstanding Warrants and
will cause appropriate evidence of ownership of such Warrant Shares or other
securities to be delivered to the Holders of the Warrants upon their request for
delivery of such, and shall take such action as shall be necessary so that all
such shares of Common Stock, shall to the extent such shares are eligible for
listing on a securities exchange, at all times, be duly approved for listing,
subject to official notice of issuance, on each securities exchange, if any, on
which such shares of Common Stock or other securities are then listed.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Covenant Regarding Common
Stock</u></font></b><font face="Times New Roman">. The Corporation covenants
that, except as contemplated by the Agreements, all shares of Common Stock will,
upon issuance, be (a) duly authorized, validly issued, fully paid and
nonassessable, (b) free from preemptive and any other similar rights and (c)
free from any taxes, liens, charges or security interest with respect thereto.</font></p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE 6<br>
</font>
<u>
<font face="Times New Roman">WARRANT TRANSFER BOOKS:
RESTRICTIONS ON TRANSFER</font></p>
</u></b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Transfer and Exchange</u></font></b><font face="Times New Roman">.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall
    keep and maintain a register in which, subject to such reasonable
    regulations as it may prescribe, the Corporation shall provide for the
    registration of the Warrant Certificates on the Corporation&#146;s records and
    transfers or exchanges of the Warrant Certificates as herein provided.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the
    provisions of this <u>Article 6</u>, a Holder may transfer a Warrant
    Certificate and the Warrants represented thereby in whole or in part by
    written notice to the Corporation stating the name of the proposed
    transferee and otherwise complying with the terms of this Agreement. Any
    transferee shall agree in writing to be subject to the terms and conditions
    of this Agreement and the Agreements.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to <u>Section
    6.2(b)</u> hereof, when a Warrant Certificate is presented to the
    Corporation with a request to register the transfer of such Warrant
    Certificate, the Corporation shall register the transfer or make the
    exchange as requested if its requirements for such transactions and any
    applicable requirements hereunder are satisfied. To permit registrations of
    transfers and exchanges, the Corporation shall execute and deliver such
    Warrant Certificate in accordance with the provisions hereof. No service
    charge shall be made for any registration of transfer or exchange of the
    Warrants.</font></p>
  </blockquote>
</blockquote>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Special Transfer
Provisions</u></font></b><font face="Times New Roman">.</font></p>
<blockquote>
  <blockquote>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By its acceptance of the
    Warrants represented by a Warrant Certificate bearing the Transfer Legend,
    each Holder of the Warrants acknowledges the restrictions on transfer of the
    Warrants and Warrant Shares and agrees that it will transfer the Warrants
    and Warrant Shares only in accordance with those restrictions.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the transfer,
    exchange or replacement of a Warrant Certificate or certificate representing
    Warrant Shares not bearing the Transfer Legend, the Corporation shall
    deliver a Warrant Certificate or stock certificate that does not bear the
    Transfer Legend. Upon the transfer, exchange or replacement of a Warrant
    Certificate or certificate representing Warrant Shares bearing the Transfer
    Legend, the Corporation shall deliver such Warrant Certificate or stock
    certificate bearing the Transfer Legend, unless such legend may be removed
    from a Warrant Certificate or stock certificate as provided in the next
    sentence. The Transfer Legend may be removed from a Warrant Certificate or
    stock certificate if there is delivered to the Corporation an opinion of
    legal counsel satisfactory to the Corporation to confirm that neither such
    legend nor the restrictions on transfer set forth therein are required to
    ensure that transfers of such security will not violate the registration and
    prospectus delivery requirements of the Securities Act or applicable law;
    provided, however, that the Corporation shall not be required to determine
    the sufficiency of any such evidence.</font></p>
    <p ALIGN="JUSTIFY" style="text-indent: 60">&nbsp;</p>
  </blockquote>
</blockquote>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Surrender of a Warrant
Certificate</u></font></b><font face="Times New Roman">. Any Warrant Certificate
surrendered for registration of transfer, exchange or exercise of the Warrants
represented thereby shall be promptly canceled by the Corporation and shall not
be reissued by the Corporation and, except in case of mutilation or partial
exercise of the Warrants represented by such Warrant Certificate, no Warrant
Certificate shall be issued hereunder in lieu thereof.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-7</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE 7<br>
</font>
<u>
<font face="Times New Roman">NOTICE TO HOLDERS</font></p>
</u></b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Notices of Corporate
Actions</u></font></b><font face="Times New Roman">.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">In case:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Corporation shall grant
to the holders of its Capital Stock as a class any rights or warrants to
subscribe for or purchase any shares of Capital Stock of any class; or</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of any reclassification of
the Capital Stock, or of any consolidation, merger or share exchange to which
the Corporation is a party and for which approval of any stockholders of the
Corporation is required, or of the sale or transfer of all or substantially all
of the assets of the Corporation, or of a Change of Control; or</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of the voluntary or
involuntary dissolution, liquidation or winding up of the Corporation; or</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Corporation or any
subsidiary shall commence a tender offer for all or a portion of the outstanding
shares of Capital Stock (or shall amend any such tender offer to change the
maximum number of shares being sought or the amount or type of consideration
being offered therefor); or</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Corporation shall take
an action or an event shall occur that would require a Warrant Share and/or
Exercise Price adjustment pursuant to Section 4; or</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Board of Directors shall
determine the Market Price with respect to any Closing, any Referral Date shall
occur or the Market Price shall be redetermined in accordance with the
definition thereof;</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">then the Corporation shall cause
to be mailed to each Investor at its last address as such address appears in the
stock register, (i) in the case of any action covered by clauses (a) through (d)
above at least 20 days prior to the record date for determining holders of the
Common Stock for purposes of such action, and (ii) in the case of any other such
action, as soon as practicable, a notice stating (1) the date on which a record
is to be taken for the purpose of such dividend, distribution or granting of
rights or warrants, or, if a record is not to be taken, the date as of which the
holders of the Common Stock of record who will be entitled to such dividend,
distribution, rights or warrants are to be determined, (2) the date on which
such reclassification, consolidation, merger, share exchange, sale, transfer,
dissolution, liquidation or winding up is expected to become effective, and the
date as of which it is expected that holders of the Common Stock of record shall
be entitled to exchange their shares of the Common Stock for securities, cash or
other property deliverable upon such reclassification, consolidation, merger,
share exchange, sale, transfer, dissolution, liquidation or winding up, or (3)
the date on which such tender offer commenced, the date on which such tender
offer is scheduled to expire unless extended, the consideration offered and the
other material terms thereof (or the material terms of the amendment thereto).
Such notice shall also set forth such facts with respect thereto as shall be
reasonably necessary to indicate the effect of such action on the applicable
Exercise Price, the Warrant Shares issuable hereunder and the kind or class of
shares or other securities or property which shall be deliverable or purchasable
upon the occurrence of such action or deliverable upon exercise of the Warrants.
Neither the failure to give any such notice nor any defect therein shall affect
the legality or validity of any action described in clauses (a) through (f) of
this Section 7.1.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Taking of Record</u></font></b><font face="Times New Roman">.
In the case of all dividends or other distributions by the Corporation to the
holders of its Common Stock with respect to which any provision of any Section
hereof refers to the taking of a record of such holders, the Corporation will in
each such case take such a record and will take such record as of the close of
business on a Business Day.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Closing of Transfer Books</u></font></b><font face="Times New Roman">.
The Corporation shall not at any time, except upon dissolution, liquidation or
winding up of the Corporation, close its stock transfer books or Warrant
transfer books so as to result in preventing or delaying the exercise or
transfer of any Warrant.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-8</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE 8<br>
</font>
<u>
<font face="Times New Roman">REGISTRATION</font></p>
</u></b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman">8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Corporation Covenants</u></font></b><font face="Times New Roman">.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Registrable Securities</u>.
As used herein, &quot;<u>Registrable Securities</u>&quot; shall mean (i) the
Warrant Shares and (ii) any Common Stock issued or issuable at any time or from
time to time in respect of the Warrant Shares upon a conversion, stock split,
stock dividend, recapitalization or other similar event involving the
Corporation; provided, however, that no shares shall be included in any
registration under this Agreement unless such shares shall have been first
converted to Common Stock; and provided further that shares shall cease to be
Registrable Securities at such time as they become eligible for sale pursuant to
Rule 144 under the Securities Act, and provided further that shares shall cease
to be Registrable Securities at such time as they are sold by a person in a
transaction in which his rights under this Agreement are not properly assigned.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Registration Upon Request</u>.
At any time after the date hereof, the Holder or Holders of Registrable
Securities constituting at least a majority of the total number of shares of
Registrable Securities then outstanding or issuable upon exercise of then
outstanding Warrants may request the Corporation to register under the
Securities Act, for sale in accordance with the method of disposition specified
in such notice, all or any portion of the Registrable Securities held by such
requesting Holder or Holders; provided, however, that the aggregate offering
price of the shares of Registrable Securities to be registered (if they
constitute less than all of the Registrable Securities held by the requesting
Holder or Holders) must be reasonably likely to equal or exceed $500,000; and
provided further, that the Corporation shall have no obligation to (i) effect
more than two (2) registration under this <u>Section 8.1(b)</u> during any
period of twelve (12) consecutive months; or (ii) to effect any registration
under this <u>Section 8.1(b)</u> within 180 days after the effective date of any
registered offering of the Corporation&#146;s securities to the general public in
which such Holder or Holders shall have been able to register all Registrable
Securities as to which registration shall have been requested pursuant to <u>Section
8.1(c)</u>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Incidental Registration</u>.
If the Corporation at any time proposes to register any of its Common Stock
under the Securities Act for sale to the public, whether for its own account or
for the account of other security holders or both (except with respect to
registration statements on Form S-8 or S-4 or another form not available for
registering the Registrable Securities for sale to the public), each such time
it will give written notice to the Holders of its intention to do so. Upon the
written request of any Holder, given within ten (10) days after receipt of any
such notice, to register any of such Holder&#146;s Registrable Securities (which
request must state the intended method of disposition thereof), the Corporation
will use its commercially reasonable efforts (as set forth in <u>Section 8.1(d)</u>)
to cause the Registrable Securities as to which registration has been so
requested to be included in the securities to be covered by the registration
statement proposed to be filed by the Corporation, all to the extent requisite
to permit the sale or other disposition by such Holder (in accordance with its
written request) of such Registrable Securities so registered. If any
registration pursuant to this <u>Section 8.1(c)</u> is, in whole or in part, an
underwritten public offering of Common Stock, any request by a Holder pursuant
to this <u>Section 8.1(c)</u> to register Registrable Securities must specify
that such Registrable Securities are to be included in the underwriting on the
same terms and conditions as the shares of Common Stock otherwise being sold
through underwriters under such registration. Notwithstanding anything to the
contrary contained in this <u>Section 8.1(c)</u>, if there is a firm commitment
underwritten offering of securities of the Corporation pursuant to a
registration statement covering Registrable Securities and such Holder does not
elect to sell its Registrable Securities to the underwriters of securities in
connection with such offering, such Holder will refrain from selling such
Registrable Securities during the period of distribution of the Corporation&#146;s
securities by such underwriters and the period in which the underwriting
syndicate participates in the after market; provided, however, that the Holder,
in any event, shall be entitled to sell its Registrable Securities commencing on
the 180th day after the effective date of such registration statement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 80"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Obligations of the
Corporation</u>. If and whenever the Corporation is required by the provisions
of <u>Section 8.1(b)</u> or <u>(c)</u> hereof to use its commercially reasonable
efforts to effect the registration of any of Registrable Securities under the
Securities Act, the Corporation will, as expeditiously as possible:</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 120"><font face="Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;prepare and file with the
Securities and Exchange Commission (the &quot;<u>SEC</u>&quot;) a registration
statement on the appropriate form and in compliance in all material respects
with the Securities Act (the &quot;Registration Statement&quot;) covering such
Registrable Securities, and use its reasonable best efforts to have the
Registration Statement declared effective as promptly as practicable;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 120"><font face="Times New Roman">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;prepare and file with the
SEC such amendments and supplements to the Registration Statement as may be
necessary to keep the Registration Statement effective (including, without
limitation, any amendments or supplements which may be required as a result of
any changes in any Holder&#146;s plan of distribution) until the earlier of (1)
such time as all the Registrable Securities have been sold by the Holders or (2)
such time as the Registrable Securities will no longer be</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-9</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">required to be
registered for the resale thereof by any Holder by reason of Rule 144 of the SEC
under the Securities Act or any other rule of similar effect; provided, however,
that the Corporation in good faith, may delay the filing of any amendment or
supplement to the Registration Statement for a reasonable period of time, not to
exceed 90 days, in order to permit the Corporation (A) to effect disclosure or
disposition or consummation of any transaction requiring confidential treatment
which is being actively pursued at such time and which would require disclosure
in the Registration Statement or (B) to negotiate, effect or complete any
transaction which the Corporation reasonably believes might be jeopardized,
delayed or made more costly to the Corporation by disclosure in the Registration
Statement;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 120"><font face="Times New Roman">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;advise the Holders,
promptly after it shall receive notice or obtain knowledge thereof, of the
issuance by the SEC of any stop order suspending the effectiveness of the
Registration Statement, of the suspension of the qualification of the
Registrable Securities for offering or sale in any jurisdiction, or of the
initiation or threatening of any proceeding for any such purpose if such stop
order, suspension or proceeding would prohibit the resale of the Registrable
Securities by any Holder; and it will promptly use its reasonable best efforts
to prevent the issuance of any stop order or to obtain its withdrawal if such a
stop order should be issued;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 120"><font face="Times New Roman">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;use its reasonable best
efforts to furnish to the Holders with respect to the Registrable Securities
registered on the Registration Statement (and to each underwriter, if any, of
such Registrable Securities) such number of copies of the prospectus included in
the Registration Statement (the &quot;Prospectus&quot;) in conformity with the
requirements of the Securities Act and such other documents as the Holders may
reasonably request, in order to facilitate the resale of all or any of the
Registrable Securities by the Holders, it being understood and agreed that the
Holders will comply with the provisions of the Securities Act and of such other
securities or state securities laws (&quot;Blue Sky&quot;) as may be applicable
to selling stockholders in connection with any use of the Prospectus;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 120"><font face="Times New Roman">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;within the time during which
a Prospectus is required to be delivered under the Securities Act, comply as far
as it is able with all requirements imposed upon it by the Securities Act, as
now and hereafter amended, and by the rules and regulations, as from time to
time in force, so far as necessary to permit the continuance of sales of the
Registrable Securities as contemplated by the provisions hereof and the
Prospectus. If during such period any event occurs as a result of which the
Prospectus as then amended or supplemented would include an untrue statement of
a material fact or omit to state a material fact necessary to make the
statements therein, in the light of the circumstances then existing, not
misleading, or if during such period it is necessary to amend the Registration
Statement or supplement the Prospectus to comply with the Securities Act, the
Corporation will promptly notify the Holders and will, subject to the proviso in
clause (ii) above, amend the Registration Statement or supplement the Prospectus
so as to correct such statement or omission or effect such compliance and will
immediately notify the Holders of the filing and effectiveness of each amendment
to the Registration Statement and the filing of each supplement to the
Prospectus;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 120"><font face="Times New Roman">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;use its reasonable best
efforts to register and qualify the Registrable Securities under the securities
laws of such jurisdictions as any of the Holders may reasonably request and to
continue such qualifications in effect so long as the Registration Statement is
kept effective pursuant to this Section 8.1, except that the Corporation shall
not be required in connection therewith to qualify as a foreign corporation or
to execute a general consent to service of process in any such jurisdiction;</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 120"><font face="Times New Roman">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if the Registrable
Securities are to be sold in an underwritten offering, the Corporation will
furnish, at the request of the selling Holder(s), on the date that such
Registrable Securities are delivered to the underwriters for sale in an
underwritten public offering (1) an opinion, dated as of such date, of counsel
for the Corporation for the purposes of such registration, addressed to the
underwriters, in a customary form and covering maters of the type customarily
covered in opinions of issuer&#146;s counsel delivered to the underwriters in
underwritten public offerings, and such other legal matters as such underwriter
may reasonably request, and (2) a &quot;comfort&quot; letter, dated as of such
date, signed by the independent public accountants of the Corporation who have
certified the Corporation&#146;s financial statements included in such registration
statement, addressed to the underwriters, in a customary form and covering
matters of the type customarily covered in accountants&#146; &quot;comfort&quot;
letters delivered to the underwriters in underwritten public offerings and such
other financial information (including information as to the period ending not
more than five (5) business days prior to the date of such letter) as such
underwriter may reasonably request; and, with each Holder, enter into customary
agreements (including an underwriting agreement in customary form) and take such
other actins as are reasonably required in order to expedite or facilitate the
disposition of Registrable Securities in an underwritten offering; and</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-10</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 120"><font face="Times New Roman">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;bear all expenses in
connection with the procedures in this <u>Section 8.1</u> (including without
limitation all federal and state registration, qualification and filing fees,
printing expenses, fees and disbursements of counsel for the Corporation, blue
sky fees and expenses and the expense of any special audit incident to or
required by any such registration), other than underwriting discounts, selling
commissions, and fees and the expenses, if any, of counsel or other advisers to
any of the Holders, which shall be borne by the Holders.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall be
entitled to require that the parties refrain from effecting any public sales or
distributions of the Registrable Securities pursuant to a Registration Statement
that has been declared effective by the SEC or otherwise, if the board of
directors of the Corporation reasonably determines that such, public sales, or
distributions would interfere in any material respect with any transaction
involving the Corporation that the board of directors reasonably determines to
be material to the Corporation. The board of directors shall, as promptly as
practicable, give the holders of the Registrable Securities written notice of
any such development. In the event of a request by the board of directors of the
Corporation that the holders of Registrable Securities refrain from effecting
any public sales or distributions of the Registrable Securities, the Corporation
shall be required to lift such restrictions regarding effecting public sales or
distributions of the Registrable Securities as soon as reasonably practicable
after the board of directors shall reasonably determine public sales or
distributions by the holders of the Registrable Securities shall not interfere
with such transaction, <i>provided</i>, that in no event shall any requirement
that the holders of Registrable Securities refrain from effecting public sales
or distributions in the Registrable Securities extend for more than 180 days.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Registration
Statement relates to an underwritten public offering, the right of any Holder to
participate in such registration pursuant shall be conditioned upon such Holder
participating in such reasonable underwriting arrangements as the Corporation
shall make regarding the offering, and the inclusion of Registrable Securities
in the underwriting shall be limited to the extent provided herein. The
participating Holders and all other shareholders proposing to distribute their
securities through such underwriting shall (together with the Corporation and
the other shareholders distributing their securities through such underwriting)
enter into an underwriting agreement in customary form with the managing
underwriter selected for such underwriting by the Corporation. Notwithstanding
any other provision of this Agreement, if the managing underwriter concludes in
its reasonable judgment that the number of shares to be registered for selling
shareholders (including the Holders) would materially adversely effect such
offering, the number of Registrable Securities to be registered, together with
the number of shares of Common Stock or other securities held by other
shareholders proposed to be registered in such offering, shall be reduced on a
pro rata basis based on the number of Registrable Securities proposed to be sold
by each Holder as compared to the number of shares proposed to be sold by all
shareholders. If any Holder disapproves of the terms of any such underwriting,
it may elect to withdraw therefrom by written notice to the Corporation and the
managing underwriter, delivered not less than 10 days before the effective date.
The Registrable Securities excluded by the managing underwriter or withdrawn
from such underwriting shall be withdrawn from such registration, and shall not
be transferred in a public distribution prior to 180 days after the effective
date of the registration statement relating thereto, or such other shorter
period of time as the underwriters may require.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall have
the right to terminate or withdraw any Registration Statement initiated by it
under Section 8.1(c) of this Agreement prior to the effectiveness of such
Registration Statement whether or not any Holder has elected to include
securities in such registration.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Holder Covenants</u></font></b><font face="Times New Roman">.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Holder shall furnish
the Corporation such information regarding such Holder and the distribution of
such Registrable Securities as the Corporation may from time to time reasonably
request in writing.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Holder of the
Registrable Securities agrees by acquisition of such Registrable Securities to
give at least three (3) business hours prior written notice to the Corporation
of any proposed sale of Registrable Securities pursuant to an effective
Registration Statement, specifying the proposed date of such sale, and not to
make such sale (1) unless such three (3) business hours elapse without response
from the Corporation, or (2) in the event the Corporation responds by stating
that an amendment to such Registration Statement or supplement to the Prospectus
must be filed in accordance with <u>Section 8.1(d)(v)</u>, until the Corporation
notifies the Holder that the Registration Statement has been amended or the
Prospectus supplemented as required. Each Holder further agrees that if the
Registrable Securities are not sold within 24 hours of the time such notice is
delivered to the Corporation, it will not sell any Registrable Securities
without again complying with the notice provisions of this <u>Section 8.2(b)</u>.
For purposes hereof, &quot;business hours&quot; means the hours of 9:00 a.m. to
6:00 p.m. on any day when the New York Stock Exchange is open for trading.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-11</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Holder of the
Registrable Securities agrees by acquisition of such Registrable Securities that
upon receipt of any notice from the Corporation of the happening of any event of
the kind described in the second sentence of subdivision (v) of <u>Section
8.1(d)</u> or pursuant to <u>Section 8.1(e)</u>, such Holder will forthwith
discontinue such Holder&#146;s disposition of Registrable Securities pursuant to
the Registration Statement relating to such Registrable Securities until such
Holder&#146;s receipt of the copies of the supplemented or amended prospectus
contemplated by subdivision (v) of <u>Section 8.1(a)</u> or of notice from the
Corporation pursuant to <u>Section 8.1(e)</u>, and, if so directed by the
Corporation, will deliver to the Corporation (at the Corporation&#146;s expense)
all copies, other than permanent file copies, then in such Holder&#146;s possession
of the Prospectus relating to such Registrable Securities at the time of receipt
of such notice.</font></p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">8.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Indemnification</u></font></b><font face="Times New Roman">.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation will
indemnify each Holder, each of its officers, directors and constituent partners,
legal counsel for the Holder, and each person controlling such Holder, with
respect to which registration, qualification or compliance of Registrable
Securities has been effected pursuant to this Agreement, and each underwriter,
if any, and each of its officers, directors, constituent partners, legal counsel
for such underwriter and each person who controls any underwriter against all
claims, losses, damages or liabilities (or actions in respect thereof) to the
extent such claims, losses, damages or liabilities arise out of or are based
upon any untrue statement (or alleged untrue statement) of a material fact
contained in any Prospectus or other document (including any related
Registration Statement) incident to any such registration, qualification or
compliance, or any omission (or alleged omission) to state therein a material
fact required to be stated therein or necessary to make the statements therein
not misleading, or any violation by the Corporation of any rule or regulation
promulgated under the Securities Act applicable to the Corporation and relating
to action or inaction required of the Corporation in connection with any such
registration, qualification or compliance; and the Corporation will reimburse
each such Holder, each such underwriter and each person who controls any such
Holder or underwriter, for any legal and any other expenses reasonably incurred
in connection with investigating or defending any such claim, loss, damage,
liability or action; provided, however, that the indemnity contained in this <u>Section
8.3(a)</u> shall not apply to amounts paid in settlement of any claim, loss,
damage, liability or action if settlement is effected without the consent of the
Corporation (which consent shall not unreasonably be withheld); and provided,
further, that the Corporation will not be liable in any such case to the extent
that any such claim, loss, damage, liability or expense arises out of or is
based upon any untrue statement or omission based upon written information
furnished to the Corporation by such Holder, underwriter or controlling person
and stated to be for use in connection with the offering of Registrable
Securities. Notwithstanding the above, the foregoing indemnity agreement is
subject to the condition that, insofar as it relates to any such untrue
statement, alleged untrue statement, omission or alleged omission made in a
preliminary prospectus on file with the SEC at the time the Registration
Statement becomes effective or the amended prospectus filed with the SEC
pursuant to Rule 424(b) (the &quot;Final Prospectus&quot;), such indemnity
agreement shall not inure to the benefit of any underwriter or any Holder, if
there is no underwriter, if a copy of the Final Prospectus was not furnished to
the person asserting the loss, liability, claim or damage at or prior to the
time such action is required by the Securities Act.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Holder will indemnify
the Corporation, each of its directors and officers, each legal counsel and
independent accountant of the Corporation, each underwriter, if any, of the
Corporation&#146;s securities covered by such a Registration Statement, each person
who controls the Corporation or such underwriter within the meaning of the
Securities Act, and each other such Holder, each of its officers, directors and
constituent partners and each person controlling such other Holder, against all
claims, losses, damages and liabilities (or actions in respect thereof) arising
out of or based upon any untrue statement (or alleged untrue statement) of a
material fact contained in any such Registration Statement, prospectus, offering
circular or other document, or any omission (or alleged omission) to state
therein a material fact required to be stated therein or necessary to make the
statements therein not misleading, or any violation by such Holder of any rule
or regulation promulgated under the Securities Act applicable to such Holder and
relating to action or inaction required of such Holder in connection with any
such registration, qualification or compliance, and will reimburse the
Corporation, such Holder, such directors, officers, partners, persons, law and
accounting firms, underwriters or control persons for any legal and any other
expenses reasonably incurred in connection with investigating or defending any
such claim, loss, damage, liability or action, in each case to the extent, but
only to the extent, that such untrue statement (or alleged untrue statement) or
omission (or alleged omission) is made in such Registration Statement,
prospectus, offering circular or other document in reliance upon and in
conformity with written information furnished to the Corporation by such Holder
and stated to be specifically for use in connection with the offering of
Registrable Securities; provided, however, that each Holder&#146;s liability under
this <u>Section 8.3(b)</u> shall not exceed such Holder&#146;s proceeds from the
offering of Registrable Securities made in connection with such registration.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly after receipt by an
indemnified party under this <u>Section 8.3</u> of notice of the commencement of
any action, such indemnified party will, if a claim in respect thereof is to be
made against an indemnifying party under this</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center">G-12</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0"><font face="Times New Roman">Section 8.3(c), notify the
indemnifying party in writing of the commencement thereof and generally
summarize such action. The indemnifying party shall have the right to
participate in and to assume the defense of such claim; provided, however, that
the indemnifying party shall be entitled to select counsel for the defense of
such claim with the approval of any parties entitled to indemnification, which
approval shall not be unreasonably withheld; provided further, however, that if
either party reasonably determines that there may be a conflict between the
position of the Corporation and the Holders in conducting the defense of such
action, suit or proceeding by reason of recognized claims for indemnity under
this <u>Section 8.3</u>, then counsel for such party shall be entitled to
conduct the defense to the extent reasonably determined by such counsel to be
necessary to protect the interest of such party, and the reasonable fees and
expenses of such counsel shall be paid by the indemnifying party.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the indemnification
provided for in this <u>Section 8.3</u> from an indemnifying party is
unavailable to an indemnified party hereunder in respect to any losses, claims,
damages, liabilities or expenses referred to herein, then the indemnifying
party, in lieu of indemnifying such indemnified party, shall contribute to the
amount paid or payable by such indemnified party as a result of such losses,
claims, damages, liabilities or expenses in such proportion as is appropriate to
reflect the relative fault of the indemnifying party and indemnified party in
connection with the statements or omissions which result in such losses, claims,
damages, liabilities or expenses, as well as any other relevant equitable
considerations. The relative fault of such indemnifying party and indemnified
party shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by such
indemnifying party or indemnified party and the parties&#146; relative intent,
knowledge, access to information supplied by such indemnifying party or
indemnified party and the parties&#146; relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.
The amount paid or payable by a party as a result of the losses, claims,
damages, liabilities and expenses referred to above shall be deemed to include
any legal or other fees or expenses reasonably incurred by such party in
connection with investigating or defending any action, suit, proceeding or
claim.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">ARTICLE 9<br>
MISCELLANEOUS</font></p>
</b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.1<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Loss or Mutilation</u></b>.
Upon receipt by the Corporation from any Holder of evidence reasonably
satisfactory to the Corporation of the ownership of and the loss, theft,
destruction or mutilation of a Warrant Certificate and an indemnity reasonably
satisfactory to it (it being understood that the written indemnification
agreement of Holder shall be a sufficient indemnity) and, in case of mutilation,
upon surrender and cancellation hereof, the Corporation will execute and deliver
in lieu hereof a new Warrant Certificate of like tenor to such Holder; <u>provided</u>,
<u>however</u>, that, in the case of mutilation, no indemnity shall be required
if such Warrant in identifiable form is surrendered to the Corporation for
cancellation.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Payment of Taxes</b></u>.
The Corporation shall pay any taxes and other governmental charges that may be
imposed under the laws of the United States of America or any political
subdivision or taxing authority thereof or therein in respect of the issue or
delivery of Warrant Shares or of other securities or property deliverable upon
exercise of the Warrants (other than income taxes imposed on the Holders). The
Corporation shall not be required, however, to pay any tax or other charge
imposed in connection with any transfer involved in the issue of any certificate
for Warrant Shares or other securities or property issuable upon the exercise of
the Warrants or payment of cash to any person other than the Holder of a Warrant
Certificate surrendered upon exercise of the Warrants, and in case of such
transfer or payment, the Corporation shall not be required to issue any stock
certificate or pay any cash until such tax or charge has been paid or it has
been established to the Corporation&#146;s satisfaction that no such tax or charge
is due.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Notices</b></u>. Any
notice, demand or delivery authorized by this Agreement shall be in writing and
shall be delivered (a) by hand or overnight courier service or (b) mailed or
sent by electronic transmission or transmission by telecopier or confirmed
facsimile, in each case properly addressed to the party to be notified at the
addresses set forth in the Credit Agreement or such other address or telecopy
number as shall have been furnished to the party giving or making such notice,
demand or delivery. Any notice that is sent in a manner provided herein shall
have been duly given when sent.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Governing Law</b></u>.
THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF GEORGIA WITHOUT GIVING EFFECT TO CONFLICTS OF LAW PRINCIPLES
THEREOF.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="center">G-13</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 0">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Assignment; Successors</b></u>.
Subject to <u>Section 6.2(a)</u> hereof, this Agreement may be assigned by the
Investors to any Affiliate at any time upon written notice. This Agreement shall
be binding upon and inure to the benefit of the Corporation and the Investors
and their respective successors and assigns, and the Holders from time to time
of the Warrants. Nothing in this Agreement is intended or shall be construed to
confer upon any person, other than the Corporation, and the Investors, any
right, remedy or claim under or by reason of this Agreement or any part hereof.
The parties acknowledge, that upon the assignment of an Investor&#146;s rights
under the Credit Agreement as provided in <u>Section 11.1</u> of the Credit
Agreement, the assignee of said rights shall become a party hereto as an
&quot;Investor&quot;, with all rights, obligations and benefits of an Investor
hereunder; provided, however, that any Investor who receives a Warrant
Certificate hereunder prior to any such assignment, shall after such assignment,
continue to have all rights under this Agreement with respect to said Warrant
Certificate and the Warrant Shares issuable thereunder.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Counterparts</b></u>.
This Agreement may be executed manually or by facsimile in any number of
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Amendments</b></u>.
Any provision of this Agreement or the Warrant Certificates may be amended or
waived if, but only if, such amendment or waiver is in writing and is signed by
the Corporation and the Investors holding a majority in interest of the issued
or issuable Warrant Shares; provided, however, if any amendment adversely
affects any Investor materially differently than it affects all other Investors
hereunder, said amendment shall not be effective against such Investor without
the written consent of such Investor.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Headings</b></u>. The
descriptive headings of the several Sections of this Agreement are inserted for
convenience only and shall not control or affect the meaning or construction of
any of the provisions hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Third Party
Beneficiaries</b></u>. Each Holder shall be a third party beneficiary to the
agreements made hereunder between the Corporation, on the one hand, and the
Investors, on the other hand, and each such Holder shall have the right to
enforce such agreements directly to the extent it deems such enforcement
necessary or advisable to protect its rights.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Severability</b></u>.
In the event that any one or more of the provisions contained herein, or the
application thereof in any circumstances is held invalid, illegal or
unenforceable in any respect for any reason, the validity, legality and
enforceability of any such provision in every other respect and of the remaining
provisions hereof shall not be in any way impaired or affected thereby, it being
intended that all of the rights and privileges of the parties shall be
enforceable to the fullest extent permitted by law.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>No Inconsistent
Agreements</b></u>. The Corporation has not, as of the date hereof, entered
into, nor shall it, on or after the date hereof, enter into, any agreement that
is inconsistent with the rights granted to the Investors herein or that
otherwise conflicts with the provisions hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">9.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Limitation on Holders&#146;
Rights</b></u>. Prior to the exercise of any Warrant, the Holder thereof shall
not be entitled to any rights of a shareholder, including, without limitation,
the right to vote or receive dividends or other distributions, or any notice of
any proceedings of the Company except as expressly provided in this Agreement.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-14</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">IN WITNESS WHEREOF</font></b><font face="Times New Roman">,
the parties have caused this Agreement to be duly executed, as of the date first
above written</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
    <td width="361"></td>
    <td width="310">
<p ALIGN="JUSTIFY"><b><font face="Times New Roman">MILLER INDUSTRIES, INC.</font></p>
</b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">By:_________________________________<br>
Name:______________________________<br>
Title:_______________________________</font><u></p>
    </td>
  </tr>
</table>
</u>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-15</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
                        <b>
                        <table border="0" width="685">
                          <tr>
                            <td width="361"></td>
                    </b>
                          <td width="310">
                        <p><font face="Times New Roman"><b>BANK OF
                        AMERICA, N.A.</b></font></p>
                        <b>
                        <p ALIGN="JUSTIFY">&nbsp;</p>
                    </b>
                    <p ALIGN="JUSTIFY"><font face="Times New Roman">By:_________________________________<br>
                    Name: John P. McDuffie<br>
                    Title:
                        Vice President</font></p>
                        <b>
                        <p ALIGN="JUSTIFY">&nbsp;</p>
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">WACHOVIA
                        BANK, N.A.</font></p>
                        <p ALIGN="JUSTIFY">&nbsp;</p>
                    </b>
                    <p ALIGN="JUSTIFY"><font face="Times New Roman">By:__________________________________<br>
                    Name: William W. Teegarden<br>
                    Title:
                    Senior Vice President</font></p>
                    <p ALIGN="JUSTIFY">&nbsp;</p>
                        <b>
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">AMSOUTH
                        BANK</font></p>
                        <p ALIGN="JUSTIFY">&nbsp;</p>
                    </b>
                    <p ALIGN="JUSTIFY"><font face="Times New Roman">By:___________________________________<br>
                    &nbsp;Name: M.
Rex Hamilton<br>
                    &nbsp;Title:
Commercial Banking Officer</font></p>
                    <p ALIGN="JUSTIFY">&nbsp;</p>
                            <font SIZE="2">
                        <b>
                        <p ALIGN="JUSTIFY"><font face="Times New Roman">SUNTRUST
                        BANK</font></p>
                        <p ALIGN="JUSTIFY">&nbsp;</p>
                    </b>
                            <p ALIGN="JUSTIFY"><font face="Times New Roman">By:________________________________________<br>
                            Name: Samuel Ballesteros<br>
                            Title: Director</font></p>
                            </font></td>
                        </tr>
</table>
<u>
<p ALIGN="JUSTIFY">&nbsp;</p>
</u>
<p ALIGN="center">G-16</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">EXHIBIT A<br>
FORM OF WARRANT CERTIFICATE</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">THIS WARRANT HAS NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &quot;ACT&quot;),
AND MAY NOT BE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION
THEREFROM UNDER SUCH ACT.</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">THE SECURITIES EVIDENCED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE ACT OR THE SECURITIES LAWS OF ANY
STATE OR OTHER JURISDICTION, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED
OR HYPOTHECATED UNLESS REGISTERED OR QUALIFIED UNDER THE ACT AND APPLICABLE
SECURITIES LAWS OR OTHER JURISDICTIONS, OR THE CORPORATION RECEIVES AN OPINION
OF COUNSEL SATISFACTORY TO IT THAT SUCH REGISTRATION AND QUALIFICATION IS NOT
REQUIRED UNDER APPLICABLE LAW.</font></p>
</b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%" cellpadding="0">
  <tr>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman">No. ______</font></p>
    </td>
    <td align="right">
<p ALIGN="right"><font face="Times New Roman"> Warrants to purchase
an aggregate</font></p>
    </td>
  </tr>
  <tr>
    <td>
<p ALIGN="JUSTIFY"><font face="Times New Roman">&nbsp;</font></p>
    </td>
    <td align="right">
<p ALIGN="right"><font face="Times New Roman">of __________ Shares of Common
Stock</font></p>
    </td>
  </tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">WARRANT TO PURCHASE COMMON STOCK</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">This certifies that, for value
received, _______________________ (the &quot;Holder&quot;) or its assigns, is
entitled to purchase [__] shares of common stock (&quot;Common Stock&quot;) (as
adjusted for any stock splits, stock dividends, combinations, recapitalizations
and similar events), of Miller Industries, Inc. (the &quot;Corporation&quot;).
This Warrant entitles the holder thereof (the &quot;Holder&quot;) to purchase
from the Corporation the shares of Common Stock issuable hereunder at the
purchase price (the &quot;Exercise Price&quot;) of [$__] per share subject to
the terms and conditions hereof and of that certain Warrant Agreement, dated
_____ ___, 2001, among the Corporation and the Investors thereto (the
&quot;Agreement&quot;). All capitalized terms not otherwise defined herein shall
have the meanings ascribed to them in the Agreement. The number of shares
purchasable upon exercise of this Warrant Certificate and the Exercise Price per
share are subject to adjustment from time to time as set forth in the Agreement.
In order to exercise this Warrant Certificate, the registered Holder hereof must
surrender this Warrant Certificate and pay the appropriate Exercise Price at the
office of Corporation as set forth in the Agreement or to its successor.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">This Warrant Certificate is one
of a duly authorized issue of warrants evidencing the right to purchase shares
of Common Stock of the Corporation and is issued under and in accordance with
the Agreement, and is subject to the terms and provisions contained therein, to
all of which terms and provisions the Holder of this Warrant Certificate
consents by acceptance hereof. The Agreement is hereby incorporated herein by
reference and made a part hereof. Reference is hereby made to the Agreement for
a full description of the rights, limitations of rights, obligations, duties and
immunities thereunder of the Corporation and the Holder of the Warrants. The
summary of the terms of the Agreement contained in this Warrant Certificate is
qualified in its entirety by express reference to the Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Copies of the Agreement are
on
file at the office of the Corporation and may be obtained by writing to the
Corporation requesting the same.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">All shares of Common Stock
issuable by the Corporation upon the exercise of this Warrant Certificate shall
be validly issued, fully paid and nonassessable.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">Subject to the requirements set
forth in the Agreement and the restrictions on transfer set forth above, this
Warrant Certificate and all rights hereunder shall be transferable by the
registered Holder hereof on the register of the Corporation maintained by the
Corporation for such purpose at its office upon surrender of this Warrant
Certificate duly endorsed, or accompanied by a written instrument of transfer in
form satisfactory to the Corporation duly executed, by the registered Holder
hereof or such Holder&#146;s attorney duly authorized in writing and upon payment
of any necessary transfer tax or other governmental charge imposed upon such
transfer. Upon any partial transfer the Corporation will issue and deliver to
such Holder a new Warrant Certificate with respect to any portion not so
transferred.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">This Warrant Certificate shall
be void and all exercise rights evidenced hereby shall cease on [_________ __,
____].</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-17</p>
<hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">This Warrant Certificate and the
Agreement are subject to amendment as provided in the Agreement.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY"><font face="Times New Roman">Dated: ________ ___, _____.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="685">
  <tr>
    <td width="331"></td>
    <td width="340">
<p ALIGN="JUSTIFY"><b><font face="Times New Roman">MILLER INDUSTRIES, INC.</font></p>
</b>
<p ALIGN="JUSTIFY">&nbsp;</p>
    <p ALIGN="JUSTIFY"><font face="Times New Roman">By:_______________________________________<br>
    Name:____________________________________<br>
    Title:_____________________________________</font><u></p>
    </td>
  </tr>
</table>
</u>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-18</p>
  <hr color="#000080" size="3">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman">ATTACHMENT-1</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman">Notice of Intention to Exercise
Warrant for Cash</font></p>
</b>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">The undersigned holder of the
attached Warrant Certificate hereby exercises the right to exchange the attached
Warrant Certificate for the number of shares of Common Stock of Miller
Industries, Inc. shown below in accordance with the terms thereof and directs
that (i) such shares be issued and delivered to the undersigned as provided by
the terms of the attached Warrant Certificate, and (ii) a certificate
representing the number of shares covered by the attached Warrant Certificate
which shall thereafter remain unexercised, if any, also be delivered to the
undersigned. This notice is accompanied by the aggregate purchase price shown
below.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Number of shares as to which
exercised: ________________________________</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">AND</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 60">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 60"><font face="Times New Roman">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aggregate Purchase Price:
___________________________________________</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <blockquote>
            <blockquote>
              <blockquote>
<p ALIGN="JUSTIFY"><font face="Times New Roman">_________________________________________<br>
(Signature of Holder)</font></p>
              </blockquote>
            </blockquote>
          </blockquote>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="center">G-19</p>
  </font>

</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.71
<SEQUENCE>7
<FILENAME>suntrnot.htm
<DESCRIPTION>EXH. 10.71 - SUNTRUST BANK PROMISSORY NOTE
<TEXT>
<html>
<head>
<title>Promissory Note</title>
</head>

<body>

<p ALIGN="CENTER"><font face="Times New Roman" size="4">Promissory Note</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="4">(Term Loan)</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<table border="0" cellspacing="1" width="100%">
  <tr>
    <td width="50%"><font face="Times New Roman" size="3">$2,000,000.00</font> </td>
    <td width="50%">
      <p align="right"><font face="Times New Roman" size="3">Charlotte, North
      Carolina<br>
      July 23, 2001</font></td>
  </tr>
</table>
<p ALIGN="RIGHT"><font face="Times New Roman" size="3">&nbsp;</font></p>
<blockquote>
  <blockquote>
    <b>
    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">THIS NOTE AND THE
    INDEBTEDNESS EVIDENCED HEREBY HAVE BEEN SUBORDINATED TO CERTAIN OBLIGATIONS
    OF THE MAKER PURSUANT TO AN INTERCREDITOR AND SUBORDINATION AGREEMENT
    BETWEEN BANK OF AMERICA, N.A., AS JUNIOR AGENT, AND BANK OF AMERICA, N.A.
    AND THE CIT GROUP/BUSINESS CREDIT, INC., AS SENIOR AGENTS, AS AMENDED FROM
    TIME TO TIME.</font></p>
    <p ALIGN="LEFT"><font face="Times New Roman" size="3">&nbsp;</font></p>
    </blockquote>
  </blockquote>
</b>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">FOR
VALUE RECEIVED, MILLER INDUSTRIES, INC., a Tennessee corporation having its
principal place of business located in Ooltewah, Tennessee (&#147;Miller&#148;)
and MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware corporation having its
principal place of business located in Ooltewah, Tennessee (&#147;Miller
Towing&#148;) (Miller and Miller Towing each are referred to as a &#147;Borrower&#148; and collectively, the
&#147;Borrowers&#148;), hereby
promise to pay to the order of SUNTRUST BANK (the &#147;Lender&#148;), in its
individual capacity, at the office of BANK OF AMERICA, N.A., as agent for the
Lenders (the &#147;Agent&#148;), located at One Independence Center, 101 North
Tryon Street, NC1-001-15-04, Charlotte, North Carolina 28255 (or at such other
place or places as the Agent may designate in writing) at the times set forth in
the Amended and Restated Credit Agreement dated as of July 23, 2001 among the
Borrowers, the financial institutions party thereto (collectively, the &#147;Lenders&#148;) and the Agent (as amended, supplemented or restated and in
effect from time to time, the &#147;Agreement&#148;; all capitalized terms not
otherwise defined herein shall have the respective meanings set forth in the
Agreement), in lawful money of the United States of America in immediately
available funds, the principal amount of TWO MILLION DOLLARS ($2,000,000.00) on
the Term Loan Termination Date or such earlier date as may be required pursuant
to the terms of the Agreement, and to pay interest from the date hereof on the
unpaid principal amount hereof, in like money, at said office, on the dates and
at the rates provided in <u>Article II</u>
 of the Agreement. All or any portion of the principal amount of the Term Loan
may be prepaid or required to be prepaid as provided in the Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">&nbsp;Each
Borrower shall be jointly and sever</font>a<font face="Times New Roman" size="3">lly liable as a primary obligor.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">&nbsp;If
payment of all sums due hereunder is accele</font>r<font face="Times New Roman" size="3">ated under the terms of the
Agreement or under the terms of the other Loan Documents executed in connection
with the Agreement, the then remaining principal amount hereof and accrued but
unpaid interest thereon evidenced by this Note shall become immediately due and
payable,</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">&nbsp;</font></p>
<hr color="#000080" align="left" size="3">
<p ALIGN="justify" style="text-indent: 50">&nbsp;</p>
<p ALIGN="justify"><font face="Times New Roman" size="3">&nbsp;without
presentation, demand, protest or notice </font> of any kind, all of which are hereby
waived by the Borrower.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">&nbsp;In
the event this Note is not paid when due at any stated or accelerated maturity,
the Borrower agrees to pay, in addition to the principal and interest due </font>hereunder<font face="Times New Roman" size="3">, all costs of collection, including reasonable attorneys&#146; fees, and
interest thereon at the rates set forth above.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">&nbsp;Interest
hereunder shall be computed as </font> provided<font face="Times New Roman" size="3"> in the Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">&nbsp;This
Note is one of the Notes referred to in the </font> Agreement<font face="Times New Roman" size="3"> evidencing the Term Loan
and is issued pursuant to and entitled to the benefits and security of the
Agreement to which reference is hereby made for a more complete statement of the
terms and conditions upon which the Term Loan evidenced hereby was made and is
to be repaid. The obligations evidenced hereby are secured by the Security
Instruments. This Note is subject to certain restrictions on transfer or
assignment as provided in the Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">&nbsp;The
indebtedness evidenced by this Note constitutes a continuation and modification
of a portion of that indebtedness previously outstanding under the Existing
Credit Agreement. This Note is given as a substitution of, and not as a payment
of, the existing Amended and Restated Promissory Note (Revolving Loan) and the
existing Promissory Note (Term Loan), each dated July 26, 2000, of th</font>e Borrowers
payable to the Lender (the <font face="Times New Roman" size="3">&#147;</font>Existing Notes<font face="Times New Roman" size="3">&#148;</font>). All of the indebtedness,
liabilities and obligations owing by the Borrower under the Existing Notes shall
continue and be evidenced in part by this Note delivered in partial substitution
for, and not payment or novation of, the Existing Note.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">&nbsp;This
Note shall be governed by and construed in accordance with the laws of the State
of Georgia</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="3">&nbsp;All
Persons bound on this obligation, whether primarily or secondarily liable as
principals, sureties, guarantors, endorsers or otherwise, hereby waive to the
full extent </font> permitted<font face="Times New Roman" size="3"> by law all defenses based on suretyship or impairment of
collateral and the benefits of all provisions of law for stay or delay of
execution or sale of property or other satisfaction of judgment against any of
them on account of liability hereon until judgment be obtained and execution
issued against any other of them and returned unsatisfied or until it can be
shown that the maker or any other party hereto had no property available for the
satisfaction of the debt evidenced by this instrument, or until any other
proceedings can be had against any of them, also their right, if any, to require
the holder hereof to hold as security for this Note any collateral deposited by
any of said Persons as security. Protest, notice of protest, notice of dishonor,
diligence or any other formality are hereby waived by all parties bound hereon.</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">&nbsp;</font></p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">[Signature page
follows.]</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">&nbsp;</font></p>
</b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">-2-</font></p>
<b>
<hr color="#000080" align="left" size="3">
<p ALIGN="CENTER"><font face="Times New Roman" size="3">&nbsp;</font></p>
</b>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">IN
WITNESS WHEREOF, each of the Borrowers has caused this Note to be made, executed
and delivered by its duly authorized representative as of </font> the<font face="Times New Roman" size="3"> date and year
first above written, all pursuant to authority duly granted.</font></p>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">&nbsp;</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font face="Times New Roman" size="3">MILLER INDUSTRIES,
INC.
      </font>
</b>
    </td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>ATTEST:</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp;&nbsp;/s/ Frank Madonia
      <hr color="#000000" align="left" width="61%" size="1">
    </td>
    <td width="50%"><font face="Times New Roman" size="3">By:&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
      J. Vincent Mish</i></font>
      <hr color="#000000" align="right" width="94%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">&nbsp;Frank Madonia,&nbsp;</font><font face="Times New Roman" size="3">Secretary</font></td>
    <td width="50%"><font face="Times New Roman" size="3">Name:&nbsp;&nbsp;&nbsp;&nbsp;J.
      Vincent Mish
      </font>
      <hr color="#000000" align="right" width="89%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VP,
      CFO</font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
</table>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>(SEAL)</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
</table>
<p ALIGN="JUSTIFY"><b></p>
</b>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font face="Times New Roman" size="3">MILLER INDUSTRIES
      TOWING<br>
      EQUIPMENT INC.
      </font>
</b>
    </td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>ATTEST:</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp;&nbsp;/s/ Frank Madonia
      <hr color="#000000" align="left" width="61%" size="1">
    </td>
    <td width="50%"><font face="Times New Roman" size="3">By:&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
      J. Vincent Mish</i></font>
      <hr color="#000000" align="right" width="94%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">&nbsp;Frank Madonia, Secretary</font></td>
    <td width="50%"><font face="Times New Roman" size="3">Name:&nbsp;&nbsp;&nbsp;J.
      Vincent Mish
      </font>
      <hr color="#000000" align="right" width="89%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VP,
      CFO</font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
</table>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>(SEAL)</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
</table>
<p>&nbsp;</p>
<p align="center"><font face="Times New Roman" size="3">-3-</font></p>
<p align="center"><font face="Times New Roman" size="3">&nbsp;</font></p>
<hr color="#000080" align="left" size="3">
<p align="center">&nbsp;</p>

</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.72
<SEQUENCE>8
<FILENAME>amsonot.htm
<DESCRIPTION>EXH. 10.72 - AMSOUTH BANK PROMISSORY NOTE
<TEXT>
<html>
<head>
<title>AmSouth Promissory Note</title>
</head>

<body>

<p ALIGN="CENTER"><font face="Times New Roman" size="4">Promissory Note</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="4">(Term Loan)</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<table border="0" cellspacing="1" width="100%">
  <tr>
    <td width="50%"><font face="Times New Roman" size="3">$2,000,000.00&nbsp;</font></td>
    <td width="50%">
      <p ALIGN="right"><font face="Times New Roman" size="3">Charlotte, North
      Carolina<br>
      July 23, 2001</font></td>
  </tr>
</table>
<p ALIGN="RIGHT">&nbsp;</p>
<blockquote>
  <blockquote>
    <b>
    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">THIS NOTE AND THE
    INDEBTEDNESS EVIDENCED HEREBY HAVE BEEN SUBORDINATED TO CERTAIN OBLIGATIONS
    OF THE MAKER PURSUANT TO AN INTERCREDITOR AND SUBORDINATION AGREEMENT
    BETWEEN BANK OF AMERICA, N.A., AS JUNIOR AGENT, AND BANK OF AMERICA, N.A.
    AND THE CIT GROUP/BUSINESS CREDIT, INC., AS SENIOR AGENTS, AS AMENDED FROM
    TIME TO TIME.</font></p>
    <p ALIGN="LEFT">&nbsp;</p>
    </blockquote>
  </blockquote>
</b>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">FOR
VALUE RECEIVED, MILLER INDUSTRIES, INC., a Tennessee corporation having its
principal place of business located in Ooltewah, Tennessee (&#147;Miller&#148;)
and MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware corporation having its
principal place of business located in Ooltewah, Tennessee (&#147;Miller
Towing&#148;) (Miller and Miller Towing each are referred to as a &#147;Borrower&#148; and collectively, the
&#147;Borrowers&#148;), hereby
promise to pay to the order of AMSOUTH BANK (the &#147;Lender&#148;), in its
individual capacity, at the office of BANK OF AMERICA, N.A., as agent for the
Lenders (the &#147;Agent&#148;), located at One Independence Center, 101 North
Tryon Street, NC1-001-15-04, Charlotte, North Carolina 28255 (or at such other
place or places as the Agent may designate in writing) at the times set forth in
the Amended and Restated Credit Agreement dated as of July 23, 2001 among the
Borrowers, the financial institutions party thereto (collectively, the &#147;Lenders&#148;) and the Agent (as amended, supplemented or restated and in
effect from time to time, the &#147;Agreement&#148;; all capitalized terms not
otherwise defined herein shall have the respective meanings set forth in the
Agreement), in lawful money of the United States of America in immediately
available funds, the principal amount of TWO MILLION DOLLARS ($2,000,000.00) on
the Term Loan Termination Date or such earlier date as may be required pursuant
to the terms of the Agreement, and to pay interest from the date hereof on the
unpaid principal amount hereof, in like money, at said office, on the dates and
at the rates provided in <u>Article II</u> of the Agreement. All or any portion
of the principal amount of the Term Loan may be prepaid or required to be
prepaid as provided in the Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">Each
Borrower shall be jointly and severally liable as a primary obligor.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">If
payment of all sums due hereunder is accelerated under the terms of the
Agreement or under the terms of the other Loan Documents executed in connection
with the Agreement, the then remaining principal amount hereof and accrued but
unpaid interest thereon evidenced by this Note shall become immediately due and
payable,</font></p>
<p ALIGN="justify" style="text-indent: 50">&nbsp;</p>
<hr color="#000080" size="3">
<p ALIGN="justify"><font face="Times New Roman" size="3">&nbsp;without presentation, demand, protest or notice of any kind, all of
which are hereby waived by the Borrower.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">In
the event this Note is not paid when due at any stated or accelerated maturity,
the Borrower agrees to pay, in addition to the principal and interest due
hereunder, all costs of collection, including reasonable attorneys' fees, and
interest thereon at the rates set forth above.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">Interest
hereunder shall be computed as provided in the Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">This
Note is one of the Notes referred to in the Agreement evidencing the Term Loan
and is issued pursuant to and entitled to the benefits and security of the
Agreement to which reference is hereby made for a more complete statement of the
terms and conditions upon which the Term Loan evidenced hereby was made and is
to be repaid. The obligations evidenced hereby are secured by the Security
Instruments. This Note is subject to certain restrictions on transfer or
assignment as provided in the Agreement.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">The
indebtedness evidenced by this Note constitutes a continuation and modification
of a portion of that indebtedness previously outstanding under the Existing
Credit Agreement. This Note is given as a substitution of, and not as a payment
of, the existing Amended and Restated Promissory Note (Revolving Loan) and the
existing Promissory Note (Term Loan), each dated July 26, 2000, of the Borrowers
payable to the Lender (the &#147;Existing Notes&#148;). All of the indebtedness,
liabilities and obligations owing by the Borrower under the Existing Notes shall
continue and be evidenced in part by this Note delivered in partial substitution
for, and not payment or novation of, the Existing Note.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">This
Note shall be governed by and construed in accordance with the laws of the State
of Georgia.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="3">All
Persons bound on this obligation, whether primarily or secondarily liable as
principals, sureties, guarantors, endorsers or otherwise, hereby waive to the
full extent permitted by law all defenses based on suretyship or impairment of
collateral and the benefits of all provisions of law for stay or delay of
execution or sale of property or other satisfaction of judgment against any of
them on account of liability hereon until judgment be obtained and execution
issued against any other of them and returned unsatisfied or until it can be
shown that the maker or any other party hereto had no property available for the
satisfaction of the debt evidenced by this instrument, or until any other
proceedings can be had against any of them, also their right, if any, to require
the holder hereof to hold as security for this Note any collateral deposited by
any of said Persons as security. Protest, notice of protest, notice of dishonor,
diligence or any other formality are hereby waived by all parties bound hereon.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">[Signature page
follows.]</font></p>
<p ALIGN="CENTER">&nbsp;</p>
</b>
<p ALIGN="CENTER">-2-</p>
<p ALIGN="CENTER">&nbsp;</p>
<hr color="#000080" size="3">
<p ALIGN="justify" style="text-indent: 50">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">IN
WITNESS WHEREOF, each of the Borrowers has caused this Note to be made, executed
and delivered by its duly authorized representative as of the date and year
first above written, all pursuant to authority duly granted.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font face="Times New Roman" size="3">MILLER INDUSTRIES,
      INC.</font></b></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>ATTEST:</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp;&nbsp;/s/ Frank Madonia
      <hr color="#000000" align="left" width="61%" size="1">
    </td>
    <td width="50%"><font face="Times New Roman" size="3">By:&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
      J. Vincent Mish</i></font>
      <hr color="#000000" align="right" width="94%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">&nbsp;Frank Madonia,&nbsp;</font><font face="Times New Roman" size="3">Secretary</font></td>
    <td width="50%"><font face="Times New Roman" size="3">Name:&nbsp;&nbsp;&nbsp;&nbsp;J.
      Vincent Mish</font>
      <hr color="#000000" align="right" width="89%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VP,
      CFO</font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
</table>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>(SEAL)</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
</table>
<p ALIGN="JUSTIFY"><b></p>
</b>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font face="Times New Roman" size="3">MILLER INDUSTRIES
      TOWING<br>
      EQUIPMENT INC.</font></b></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>ATTEST:</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp;&nbsp;/s/ Frank Madonia
      <hr color="#000000" align="left" width="61%" size="1">
    </td>
    <td width="50%"><font face="Times New Roman" size="3">By:&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
      J. Vincent Mish</i></font>
      <hr color="#000000" align="right" width="94%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">&nbsp;Frank Madonia, Secretary</font></td>
    <td width="50%"><font face="Times New Roman" size="3">Name:&nbsp;&nbsp;&nbsp;J.
      Vincent Mish</font>
      <hr color="#000000" align="right" width="89%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VP,
      CFO</font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
</table>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>(SEAL)</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
</table>
<p>&nbsp;</p>
<p ALIGN="center">-3-</p>
<hr color="#000080" size="3">
<p ALIGN="JUSTIFY">&nbsp;</p>

</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.73
<SEQUENCE>9
<FILENAME>wachonot.htm
<DESCRIPTION>EXH. 10.73 - WACHOVIA BANK PROMISSORY NOTE
<TEXT>
<html>

<head>
<title>Wachovia Promissory Note</title>
</head>

<body>

<p ALIGN="CENTER"><font face="Times New Roman" size="3">Promissory Note</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">(Term Loan)</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<table border="0" cellspacing="1" width="100%">
  <tr>
    <td width="50%"><font face="Times New Roman" size="3">$2,400,000.00&nbsp;</font></td>
    <td width="50%">
      <p align="right"><font face="Times New Roman" size="3">Charlotte, North
      Carolina<br>
      July 23, 2001</font></td>
  </tr>
</table>
<p ALIGN="LEFT">&nbsp;</p>
<blockquote>
  <blockquote>
    <b>
    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">THIS NOTE AND THE
    INDEBTEDNESS EVIDENCED HEREBY HAVE BEEN SUBORDINATED TO CERTAIN OBLIGATIONS
    OF THE MAKER PURSUANT TO AN INTERCREDITOR AND SUBORDINATION AGREEMENT
    BETWEEN BANK OF AMERICA, N.A., AS JUNIOR AGENT, AND BANK OF AMERICA, N.A.
    AND THE CIT GROUP/BUSINESS CREDIT, INC., AS SENIOR AGENTS, AS AMENDED FROM
    TIME TO TIME.</font></p>
    <p ALIGN="LEFT">&nbsp;</p>
    </blockquote>
  </blockquote>
</b>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">FOR
VALUE RECEIVED, MILLER INDUSTRIES, INC., a Tennessee corporation having its
principal place of business located in Ooltewah, Tennessee (&#147;Miller&#148;)
and MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware corporation having its
principal place of business located in Ooltewah, Tennessee (&#147;Miller
Towing&#148;) (Miller and Miller Towing each are referred to as a &#147;Borrower&#148; and collectively, the
&#147;Borrowers&#148;), hereby
promise to pay to the order of WACHOVIA BANK, N.A. (the &#147;Lender&#148;), in
its individual capacity, at the office of BANK OF AMERICA, N.A., as agent for
the Lenders (the &#147;Agent&#148;), located at One Independence Center, 101
North Tryon Street, NC1-001-15-04, Charlotte, North Carolina 28255 (or at such
other place or places as the Agent may designate in writing) at the times set
forth in the Amended and Restated Credit Agreement dated as of July 23, 2001
among the Borrowers, the financial institutions party thereto (collectively, the
&#147;Lenders&#148;) and the Agent (as amended, supplemented or restated and in
effect from time to time, the &#147;Agreement&#148;; all capitalized terms not
otherwise defined herein shall have the respective meanings set forth in the
Agreement), in lawful money of the United States of America in immediately
available funds, the principal amount of TWO MILLION FOUR-HUNDRED THOUSAND
DOLLARS ($2,400,000.00) on the Term Loan Termination Date or such earlier date
as may be required pursuant to the terms of the Agreement, and to pay interest
from the date hereof on the unpaid principal amount hereof, in like money, at
said office, on the dates and at the rates provided in <u>Article II</u> of the
Agreement. All or any portion of the principal amount of the Term Loan may be
prepaid or required to be prepaid as provided in the Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">Each
Borrower shall be jointly and severally liable as a primary obligor.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">If
payment of all sums due hereunder is accelerated under the terms of the
Agreement or under the terms of the other Loan Documents executed in connection
with the Agreement, the then remaining principal amount hereof and accrued but
unpaid</font></p>
<p ALIGN="justify" style="text-indent: 50">&nbsp;</p>
<hr color="#000080" size="3">
<p ALIGN="justify" style="text-indent: 50">&nbsp;</p>
<p ALIGN="justify"><font face="Times New Roman" size="3">interest thereon
evidenced by this Note shall become immediately due and payable, without
presentation, demand, protest or notice of any kind, all of which are hereby
waived by the Borrower.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">In
the event this Note is not paid when due at any stated or accelerated maturity,
the Borrower agrees to pay, in addition to the principal and interest due
hereunder, all costs of collection, including reasonable attorneys&#146; fees, and
interest thereon at the rates set forth above.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">Interest
hereunder shall be computed as provided in the Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">This
Note is one of the Notes referred to in the Agreement evidencing the Term Loan
and is issued pursuant to and entitled to the benefits and security of the
Agreement to which reference is hereby made for a more complete statement of the
terms and conditions upon which the Term Loan evidenced hereby was made and is
to be repaid. The obligations evidenced hereby are secured by the Security
Instruments. This Note is subject to certain restrictions on transfer or
assignment as provided in the Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">The
indebtedness evidenced by this Note constitutes a continuation and modification
of a portion of that indebtedness previously outstanding under the Existing
Credit Agreement. This Note is given as a substitution of, and not as a payment
of, the existing Amended and Restated Promissory Note (Revolving Loan) and the
existing Promissory Note (Term Loan), each dated July 26, 2000, of the Borrowers
payable to the Lender (the &#147;Existing Notes&#148;). All of the indebtedness,
liabilities and obligations owing by the Borrower under the Existing Notes shall
continue and be evidenced in part by this Note delivered in partial substitution
for, and not payment or novation of, the Existing Note.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">This
Note shall be governed by and construed in accordance with the laws of the State
of Georgia.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">All
Persons bound on this obligation, whether primarily or secondarily liable as
principals, sureties, guarantors, endorsers or otherwise, hereby waive to the
full extent permitted by law all defenses based on suretyship or impairment of
collateral and the benefits of all provisions of law for stay or delay of
execution or sale of property or other satisfaction of judgment against any of
them on account of liability hereon until judgment be obtained and execution
issued against any other of them and returned unsatisfied or until it can be
shown that the maker or any other party hereto had no property available for the
satisfaction of the debt evidenced by this instrument, or until any other
proceedings can be had against any of them, also their right, if any, to require
the holder hereof to hold as security for this Note any collateral deposited by
any of said Persons as security. Protest, notice of protest, notice of dishonor,
diligence or any other formality are hereby waived by all parties bound hereon.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">[Signature page
follows.]</font></p>
<p ALIGN="CENTER">&nbsp;</p>
</b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">-2-</font></p>
<hr color="#000080" size="3">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">IN
WITNESS WHEREOF, each of the Borrowers has caused this Note to be made, executed
and delivered by its duly authorized representative as of the date and year
first above written, all pursuant to authority duly granted.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font face="Times New Roman" size="3">MILLER INDUSTRIES,
      INC.</font></b></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>ATTEST:</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp;&nbsp;/s/ Frank Madonia
      <hr color="#000000" align="left" width="61%" size="1">
    </td>
    <td width="50%"><font face="Times New Roman" size="3">By:&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
      J. Vincent Mish</i></font>
      <hr color="#000000" align="right" width="94%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">&nbsp;Frank Madonia,&nbsp;</font><font face="Times New Roman" size="3">Secretary</font></td>
    <td width="50%"><font face="Times New Roman" size="3">Name:&nbsp;&nbsp;&nbsp;&nbsp;J.
      Vincent Mish</font>
      <hr color="#000000" align="right" width="89%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VP,
      CFO</font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
</table>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>(SEAL)</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
</table>
<p ALIGN="JUSTIFY"><b></p>
</b>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font face="Times New Roman" size="3">MILLER INDUSTRIES
      TOWING<br>
      EQUIPMENT INC.</font></b></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>ATTEST:</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp;&nbsp;/s/ Frank Madonia
      <hr color="#000000" align="left" width="61%" size="1">
    </td>
    <td width="50%"><font face="Times New Roman" size="3">By:&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
      J. Vincent Mish</i></font>
      <hr color="#000000" align="right" width="94%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">&nbsp;Frank Madonia, Secretary</font></td>
    <td width="50%"><font face="Times New Roman" size="3">Name:&nbsp;&nbsp;&nbsp;J.
      Vincent Mish</font>
      <hr color="#000000" align="right" width="89%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VP,
      CFO</font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
</table>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>(SEAL)</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
</table>
<p>&nbsp;</p>
<p ALIGN="center">-3-</p>
<hr color="#000080" size="3">
<p ALIGN="JUSTIFY">&nbsp;</p>

</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.74
<SEQUENCE>10
<FILENAME>bkoamnot.htm
<DESCRIPTION>EXH. 10.74 - BANK OF AMERICA PROMISSORY NOTE
<TEXT>
<html>
<head>
<title>Bank of America Promissory Note</title>
</head>

<body>

<p ALIGN="CENTER"><font face="Times New Roman" size="4">Promissory Note</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="4">(Term Loan)</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<table border="0" cellspacing="1" width="100%">
  <tr>
    <td width="50%"><font face="Times New Roman" size="3">$7,600,000.00&nbsp;</font></td>
    <td width="50%">
      <p ALIGN="right"><font face="Times New Roman" size="3">Charlotte, North
      Carolina<br>
      July 23, 2001</font></td>
  </tr>
</table>
<p ALIGN="RIGHT">&nbsp;</p>
<blockquote>
  <blockquote>
    <b>
    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="3">THIS NOTE AND THE
    INDEBTEDNESS EVIDENCED HEREBY HAVE BEEN SUBORDINATED TO CERTAIN OBLIGATIONS
    OF THE MAKER PURSUANT TO AN INTERCREDITOR AND SUBORDINATION AGREEMENT
    BETWEEN BANK OF AMERICA, N.A., AS JUNIOR AGENT, AND BANK OF AMERICA, N.A.
    AND THE CIT GROUP/BUSINESS CREDIT, INC., AS SENIOR AGENTS, AS AMENDED FROM
    TIME TO TIME.</font></p>
    <p ALIGN="LEFT">&nbsp;</p>
    </blockquote>
  </blockquote>
</b>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">FOR
VALUE RECEIVED, MILLER INDUSTRIES, INC., a Tennessee corporation having its
principal place of business located in Ooltewah, Tennessee (&#147;Miller&#148;)
and MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware corporation having its
principal place of business located in Ooltewah, Tennessee (</font><font face="Times New Roman" size="3">&#147;Miller
Towing&#148;) (Miller and Miller Towing each are referred to as a </font><font face="Times New Roman" size="3">&#147;Borrower&#148; and collectively, the
</font><font face="Times New Roman" size="3">&#147;Borrowers&#148;), hereby
promise to pay to the order of BANK OF AMERICA, N.A. (the </font><font face="Times New Roman" size="3">&#147;Lender&#148;),
in its individual capacity, at the office of BANK OF AMERICA, N.A., as agent for
the Lenders (the </font><font face="Times New Roman" size="3">&#147;Agent&#148;), located at One Independence Center, 101
North Tryon Street, NC1-001-15-04, Charlotte, North Carolina 28255 (or at such
other place or places as the Agent may designate in writing) at the times set
forth in the Amended and Restated Credit Agreement dated as of July 23, 2001
among the Borrowers, the financial institutions party thereto (collectively, the
</font><font face="Times New Roman" size="3">&#147;Lenders&#148;) and the Agent (as amended, supplemented or restated and in
effect from time to time, the </font><font face="Times New Roman" size="3">&#147;Agreement&#148;; all capitalized terms not
otherwise defined herein shall have the respective meanings set forth in the
Agreement), in lawful money of the United States of America in immediately
available funds, the principal amount of SEVEN MILLION SIX-HUNDRED THOUSAND
DOLLARS ($7,600,000.00) on the Term Loan Termination Date or such earlier date
as may be required pursuant to the terms of the Agreement, and to pay interest
from the date hereof on the unpaid principal amount hereof, in like money, at
said office, on the dates and at the rates provided in <u>Article II</u> of the
Agreement. All or any portion of the principal amount of the Term Loan may be
prepaid or required to be prepaid as provided in the Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">Each
Borrower shall be jointly and severally liable as a primary obligor.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">If
payment of all sums due hereunder is accelerated under the terms of the
Agreement or under the terms of the other Loan Documents executed in connection
with the Agreement, the then remaining principal amount hereof and accrued but
unpaid</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<hr color="#000080" size="3">
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="justify"><font face="Times New Roman" size="3">interest
thereon evidenced by this Note shall become immediately due and payable, without
presentation, demand, protest or notice of any kind, all of which are hereby
waived by the Borrower.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">In
the event this Note is not paid when due at any stated or accelerated maturity,
the Borrower agrees to pay, in addition to the principal and interest due
hereunder, all costs of collection, including reasonable attorneys&#146; fees, and
interest thereon at the rates set forth above.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">Interest
hereunder shall be computed as provided in the Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">This
Note is one of the Notes referred to in the Agreement evidencing the Term Loan
and is issued pursuant to and entitled to the benefits and security of the
Agreement to which reference is hereby made for a more complete statement of the
terms and conditions upon which the Term Loan evidenced hereby was made and is
to be repaid. The obligations evidenced hereby are secured by the Security
Instruments. This Note is subject to certain restrictions on transfer or
assignment as provided in the Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">The
indebtedness evidenced by this Note constitutes a continuation and modification
of a portion of that indebtedness previously outstanding under the Existing
Credit Agreement. This Note is given as a substitution of, and not as a payment
of, the existing Amended and Restated Promissory Note (Revolving Loan) and the
existing Promissory Note (Term Loan), each dated July 26, 2000, of the Borrowers
payable to the Lender (the &#147;Existing Notes&#148;). All of the indebtedness,
liabilities and obligations owing by the Borrower under the Existing Notes shall
continue and be evidenced in part by this Note delivered in partial substitution
for, and not payment or novation of, the Existing Note.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">This
Note shall be governed by and construed in accordance with the laws of the State
of Georgia.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">All
Persons bound on this obligation, whether primarily or secondarily liable as
principals, sureties, guarantors, endorsers or otherwise, hereby waive to the
full extent permitted by law all defenses based on suretyship or impairment of
collateral and the benefits of all provisions of law for stay or delay of
execution or sale of property or other satisfaction of judgment against any of
them on account of liability hereon until judgment be obtained and execution
issued against any other of them and returned unsatisfied or until it can be
shown that the maker or any other party hereto had no property available for the
satisfaction of the debt evidenced by this instrument, or until any other
proceedings can be had against any of them, also their right, if any, to require
the holder hereof to hold as security for this Note any collateral deposited by
any of said Persons as security. Protest, notice of protest, notice of dishonor,
diligence or any other formality are hereby waived by all parties bound hereon.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">[Signature page
follows.]</font></p>
<p ALIGN="CENTER">&nbsp;</p>
</b>
<p ALIGN="CENTER"><font face="Times New Roman" size="3">-2-</font></p>
<p ALIGN="CENTER">&nbsp;</p>
<hr color="#000080" size="3">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="3">IN
WITNESS WHEREOF, each of the Borrowers has caused this Note to be made, executed
and delivered by its duly authorized representative as of the date and year
first above written, all pursuant to authority duly granted.</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font face="Times New Roman" size="3">MILLER INDUSTRIES,
      INC.</font></b></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>ATTEST:</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp;&nbsp;/s/ Frank Madonia
      <hr color="#000000" align="left" width="61%" size="1">
    </td>
    <td width="50%"><font face="Times New Roman" size="3">By:&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
      J. Vincent Mish</i></font>
      <hr color="#000000" align="right" width="94%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">&nbsp;Frank Madonia,&nbsp;</font><font face="Times New Roman" size="3">Secretary</font></td>
    <td width="50%"><font face="Times New Roman" size="3">Name:&nbsp;&nbsp;&nbsp;&nbsp;J.
      Vincent Mish</font>
      <hr color="#000000" align="right" width="89%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VP,
      CFO</font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
</table>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>(SEAL)</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
</table>
<p ALIGN="JUSTIFY"><b></p>
</b>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font face="Times New Roman" size="3">MILLER INDUSTRIES
      TOWING<br>
      EQUIPMENT INC.</font></b></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>ATTEST:</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%">&nbsp;&nbsp;&nbsp;/s/ Frank Madonia
      <hr color="#000000" align="left" width="61%" size="1">
    </td>
    <td width="50%"><font face="Times New Roman" size="3">By:&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
      J. Vincent Mish</i></font>
      <hr color="#000000" align="right" width="94%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman">&nbsp;Frank Madonia, Secretary</font></td>
    <td width="50%"><font face="Times New Roman" size="3">Name:&nbsp;&nbsp;&nbsp;J.
      Vincent Mish</font>
      <hr color="#000000" align="right" width="89%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VP,
      CFO</font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
</table>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"><font face="Times New Roman" size="3"><b>(SEAL)</b></font></td>
    <td width="50%"><font face="Times New Roman" size="3">&nbsp;</font></td>
  </tr>
</table>
<p>&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center"><font face="Times New Roman" size="3">-3-</font></p>
<p align="center"><font face="Times New Roman" size="3">&nbsp;</font></p>
<hr color="#000080" align="left" size="3">
<p align="center">&nbsp;</p>

</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.75
<SEQUENCE>11
<FILENAME>warrant.htm
<DESCRIPTION>EXH. 10.75 - WARRANT AGREEMENT DATED JULY 23, 2001
<TEXT>
<html>
<head>
<title>Warrant Agreement</title>
</head>

<body>

<u><font SIZE="2">
<p ALIGN="RIGHT">&nbsp;</p>
</font></u><font SIZE="2"><b>
<p ALIGN="CENTER"><a NAME="_DV_IPM1"></a></p>
<p ALIGN="CENTER">&nbsp;</p>
<blockquote>
  <blockquote>
  </b></font>
<p ALIGN="CENTER"><font face="Times New Roman" size="5"><b>MILLER
INDUSTRIES, INC.</b></font></p>
<font SIZE="2">
<p ALIGN="CENTER">&nbsp;</p>
</blockquote>
</blockquote>
</font>
<p ALIGN="CENTER">&nbsp;
<hr color="#000000" size="4" width="45%">
      <p ALIGN="CENTER"><font face="Times New Roman" size="3"><b>WARRANT AGREEMENT</b></font></p>
<p ALIGN="CENTER">&nbsp;
<hr color="#000000" size="4" width="45%">
<p ALIGN="CENTER">&nbsp;</p>
<font SIZE="2">
<p ALIGN="CENTER"><font face="Times New Roman" size="2"><b>July 23, 2001</b></font></p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER">&nbsp;</p>
<hr color="#000080" size="3">
<p ALIGN="CENTER">&nbsp;</p>
</font>
<p ALIGN="CENTER"><b><font face="Times New Roman" size="3">TABLE OF CONTENTS</font></b></p>
<font SIZE="2">
<p ALIGN="RIGHT"><font face="Times New Roman" size="2">&nbsp;</font></p></font>
<table border="0" cellspacing="1" width="688" height="964">
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    <font face="Times New Roman" size="2"><b>Page</b>&nbsp;</font>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
<p ALIGN="LEFT"><font face="Times New Roman" size="2">ARTICLE I&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
<p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CERTAIN
DEFINITIONS&nbsp;</font></p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
<p ALIGN="center"><font face="Times New Roman" size="2">1</font></p>
    </td>
  </tr>
  <tr>
    <td width="118" height="15">
    </td>
    <td width="515" height="15">
    </td>
    <td width="35" height="15" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="15" bgcolor="#00FFFF">
<p ALIGN="LEFT"><font face="Times New Roman" size="2">ARTICLE II&nbsp;</font></p>
    </td>
    <td width="515" height="15" bgcolor="#00FFFF">
<p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RIGHT
          TO PURCHASE WARRANT SHARES</font></p>
    </td>
    <td width="35" height="15" align="center" bgcolor="#00FFFF">
<p ALIGN="center"><font face="Times New Roman" size="2">&nbsp;5</font></p>
    </td>
  </tr>
  <tr>
    <td width="118" height="15">
    </td>
    <td width="515" height="15">
    </td>
    <td width="35" height="15" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">2.1</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;Form of
        Warrant Certificates&nbsp;</font></p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">5</font></p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">2.2&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Legend&nbsp;</font></p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">5</font></p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">2.3&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Warrant Tranches</font></p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">&nbsp;6</font></p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">2.4</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;Delivery of
        the Warrant Certificates&nbsp;</font></p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p align="center"><font face="Times New Roman" size="2">6</font></p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">ARTICLE III&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXERCISE OF WARRANTS&nbsp;</font></p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">7</font></p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">3.1</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;Exercise Price&nbsp;</font></p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">7</font></p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" align="center" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">3.2&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Restrictions
        on Exercise; Expiration&nbsp;</font></p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p align="center"><font face="Times New Roman" size="2">7</font></p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
        <p align="center">
    </td>
  </tr>
  <tr>
    <td width="118" align="center" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">3.3&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">Method of
        Exercise; Payment of Exercise Price </font></p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">7</font></p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
        <p align="center">
    </td>
  </tr>
  <tr>
    <td width="118" align="center" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">3.4</font></p>

    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;Dividends and
        Distributions&nbsp;</font></p>

    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">8</font></p>

    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
        <p align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">

          <p ALIGN="LEFT"><font face="Times New Roman" size="2">ARTICLE IV&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">

          <p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          ADJUSTMENTS&nbsp;</font></p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">

          <p ALIGN="center"><font face="Times New Roman" size="2"> 8</font></p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
               <p ALIGN="center"><font face="Times New Roman" size="2">4.1</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
               <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Upon Stock
        Dividends, Subdivisions or Splits&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
               <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 9</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">4.2</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Upon
        Combinations&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 9</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">4.3&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Upon
        Reclassifications, Reorganizations, Consolidations or Mergers&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 9</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">4.4</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Deferral in
        Certain Circumstances</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;9</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
          <p ALIGN="LEFT"><font face="Times New Roman" size="2">ARTICLE V&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
          <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          RESERVATION AND AUTHORIZATION OF COMMON SHARES, ETC</font><font face="Times New Roman">.</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
          <p align="center"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;10</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
        <p align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">5.1&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Reservation
        and Authorization</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;10</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p align="center"><font face="Times New Roman" size="2">5.2&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Covenant
        Regarding Common Stock&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 10</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
          <p ALIGN="LEFT"><font face="Times New Roman" size="2">ARTICLE VI</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
          <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WARRANT TRANSFER BOOKS: RESTRICTIONS ON TRANSFER</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
          <p align="center"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;10</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">6.1&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Transfer and
        Exchange&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 10</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">6.2</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Special
        Transfer Provisions&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 11</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">6.3</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Surrender of a
        Warrant Certificate&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 11</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
          <p ALIGN="LEFT"><font face="Times New Roman" size="2">ARTICLE VII&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
          <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          NOTICE TO HOLDERS&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
          <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 11</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">7.1</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Notices of
        Corporate Actions&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 11</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">7.2&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Taking of
        Record</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;12</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">7.3</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Closing of
        Transfer Books</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p align="center"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;12</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
          <p ALIGN="LEFT"><font face="Times New Roman" size="2">ARTICLE VIII&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
          <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          REGISTRATION</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
          <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;13</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">8.1</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Corporation
        Covenants&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 13</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">8.2</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Holder
        Covenants&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 17</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">8.3</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Indemnification&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 18</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
          <p ALIGN="LEFT"><font face="Times New Roman" size="2">ARTICLE IX</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
          <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;	MISCELLANEOUS&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
          <p align="center"><font SIZE="2"><font face="Times New Roman" size="2"> 20</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.1</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Loss or
        Mutilation&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" align="center" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 20</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.2&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Payment of
        Taxes&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 20</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.3&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Notices&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 21</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.4&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Governing Law&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">
        21</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.5&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Assignment;
        Successors</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;21</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.6</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Counterparts</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;21</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.7&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Amendments&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 21</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.8</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Headings</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 22</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.9&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Third Party
        Beneficiaries&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 22</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.10&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> Severability&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2">
        22</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
        <p align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.11&nbsp;</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2"> No
        Inconsistent Agreements&nbsp;</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> 22</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
        <p align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">9.12</font></p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
        <p ALIGN="LEFT"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Limitation on
        Holders&#146; Rights</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
        <p ALIGN="center"><font face="Times New Roman" size="2">&nbsp;22</font></p>
    </td>
  </tr>
  </TABLE>
<P>&nbsp;</P>
<P align="center">i</P>
<hr size="3" color="#000080">
<P>&nbsp;</P>
  <table border="0" cellspacing="1" width="688">

  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
<p ALIGN="JUSTIFY"><font SIZE="2"><font face="Times New Roman" size="2">EXHIBIT A</font>
  </font>
      </p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
<p ALIGN="JUSTIFY"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Warrant
Certificate</font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
<p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> A-1</font>
  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="118" height="17">
    </td>
    <td width="515" height="17">
    </td>
    <td width="35" height="17" align="center">
    </td>
  </tr>
  <tr>
    <td width="118" height="17" bgcolor="#00FFFF">
<p ALIGN="JUSTIFY"><font SIZE="2"><font face="Times New Roman" size="2">ATTACHMENT-1</font>
  </font>
      </p>
    </td>
    <td width="515" height="17" bgcolor="#00FFFF">
<p ALIGN="JUSTIFY"><font SIZE="2"><font face="Times New Roman" size="2">&nbsp;Notice of Intention to Exercise Warrant for Cash
        </font>
  </font>
      </p>
    </td>
    <td width="35" height="17" bgcolor="#00FFFF">
<p ALIGN="center"><font SIZE="2"><font face="Times New Roman" size="2"> B-1</font>
  </font>
      </p>
    </td>
  </tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<P>&nbsp;</P>
<P align="center">ii</P>
<hr size="3" color="#000080">
<P>&nbsp;</P>
<p ALIGN="CENTER"><font face="Times New Roman" size="3"><b>WARRANT
AGREEMENT</b></font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">WARRANT
AGREEMENT, dated as of July 23, 2001 (this &#147;Agreement&#148;), among MILLER
INDUSTRIES, INC., a Tennessee corporation (the &#147;Corporation&#148;), and
each person attaching a signature page hereto and each other institution which
may hereafter execute and deliver an instrument of assignment pursuant to <u>Schedule
11.1</u> that certain Amended and Restated Credit Agreement, dated July 23,
2001, by and among the Corporation, the Lenders party thereto and Bank of
America, N.A., as Agent for the Lenders (as amended, restated, supplemented, or
modified, the </font><font face="Times New Roman" size="2"> &#147;Credit Agreement&#148;) (each an &#147;Investor&#148; and,
collectively the &#147;Investors&#148;<a NAME="_DV_C95">)</a><a NAME="_DV_M64"></a>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M65"></a>
 Pursuant to the terms of the Credit Agreement, the Corporation has agreed to
enter into this Agreement to issue to the Investors warrants (the &#147;Warrants&#148;) exercisable for shares of common stock, $0.01 par value
per share, of the Corporation (the &#147;Common Stock&#148;</font>).</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M66"></a>The
Corporation has authorized the issuance to the Investors and to their designated
Affiliates (which are, where applicable, referred to as Investors herein) of the
Warrants under the terms and conditions hereof, which number of shares is
subject to increase or decrease as provided herein</font>.</p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M67"></a>
 In consideration of the foregoing and of the representations, warranties and
agreements contained in the Credit Agreement, and for the purpose of defining
the terms and provisions of the Warrants and the Warrant Shares (as defined
herein) and the respective rights and obligations thereunder of the Corporation
and the Holders (as defined herein), the Corporation and the Investors hereby
agree as follows</font>:</p>
<p align="center">
  <b><font face="Times New Roman" size="2">ARTICLE I</font>
  </b>
<p align="center">
  <b><font face="Times New Roman" size="2">CERTAIN DEFINITIONS</font>
  </b>
</p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M70"></a>
  For all purposes of this Agreement, except as otherwise expressly provided</font>:</p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M71"></a>
  (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the terms defined in this Article 1 have the meanings assigned to</font> <font face="Times New Roman" size="2"> them in
  this Article, and include the plural as well as the singular;</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M72"></a>
  (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the words &#147;herein,&#148; &#147;hereof&#148; and &#147;hereunder,&#148; and
  </font> other<font face="Times New Roman" size="2"> words of similar import, refer to this
  Agreement as a whole and not to any particular article, section or other
  subdivision; and</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M73"></a>
  (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any capitalized term otherwise not defined herein, </font> shall<font face="Times New Roman" size="2"> have the meaning
  ascribed to it under the Credit Agreement.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M74"></a>
  &#147;<u>Affiliate</u>&#148; means, with respect to any <a NAME="_DV_M75"></a>person,
  any other person that directly or indirectly, through one or more
  intermediaries, controls, is controlled by or is under common control with <a NAME="_DV_C98">the
  first mentioned person.</a><b> </b><a NAME="_DV_C100">A person shall be deemed
  to control another person if such first person possesses</a><a NAME="_DV_M76"></a><b>
  </b>directly or indirectly<a NAME="_DV_M77"></a> the power to <a NAME="_DV_C103">direct,
  or cause the direction of,</a><a NAME="_DV_M78"></a><b> </b>the management and
  policies of <a NAME="_DV_C105">the second person</a><a NAME="_DV_M79"></a>,
  whether through the </font> ownership<font face="Times New Roman" size="2"> of voting securities, by contract or otherwise.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M80"></a>
  &#147;<u>Board</u>&#148; or &#147;<u>Board of Directors</u>&#148;means the
  board of directors of</font> <font face="Times New Roman" size="2"> the Corporation.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M81"></a>
  &#147;<u>Business Day</u>&#148; means any day which is not a Saturday, Sunday</font>
  <font face="Times New Roman" size="2">
  or a day on which banking institutions in the State of New York are <a NAME="_DV_M82"></a>authorized
  or obligated by law, executive order, regulation or governmental decree to
  close.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M83"></a>
  &#147;<u>Capital Stock</u>&#148; shall mean the Common Stock and preferred </font>
  stock<font face="Times New Roman" size="2"> of the Corporation.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M84"></a> &#147;<u>Change
  of Control</u>&#148; means: (i) the consummation of a merger or consolidation
  of the Corporation with or&nbsp;</font></p>
  <p ALIGN="justify" style="text-indent: 50">&nbsp;</p>
<hr color="#000080" size="3">
  <p ALIGN="justify">&nbsp;</p>
  <p ALIGN="justify"><font face="Times New Roman" size="2"> into another entity or any other corporate
  reorganization, or transfer of shares, in either case whereby any person or
  group acquires beneficial ownership of more than 50% of the combined voting
  power of all classes of the continuing or surviving entity&#146;s capital stock
  outstanding immediately after such merger, consolidation or other
  reorganization, or transfer of shares, or (ii) the sale, transfer or other
  disposition of all or substantially all of the Corporation&#146;s assets. A
  transaction shall not constitute a Change of Control if its sole purpose is to
  change the jurisdiction of the Corporation&#146;s incorporation or organization
  or to create a holding Corporation, subsidiary or other affiliate that will be
  owned by the Corporation or by the persons who held the Corporation&#146;s
  securities immediately before such transaction in substantially the same
  proportions</font> <font face="Times New Roman" size="2"> as before.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"> &#147;<u>Closing</u>&#148;
  means either the Tranche I Closing or the Tranche II Closing, whic</font>h<font face="Times New Roman" size="2">ever is
  applicable for a particular Warrant.</font></p>
  <b>
  </b>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">&nbsp;&#147;<u>Commission</u>&#148; means the Securities and Exchange </font>Commission<font face="Times New Roman" size="2">.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">&nbsp;&#147;<u>Common Stock</u>&#148; means the common stock, $0.01 par value per
  share, of </font> the<font face="Times New Roman" size="2"> Corporation.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">&nbsp;&#147;<u>Corporation</u>&#148; has the meaning set forth in the preamble </font>hereto<font face="Times New Roman" size="2">.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"> &#147;<u>Credit
  Agreement</u>&#148; has the meaning set forth in </font> the<font face="Times New Roman" size="2"> preamble hereto.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">&nbsp;&#147;<u>Exchange Act</u>&#148; means </font> the<font face="Times New Roman" size="2"> Securities Exchange Act of 1934, as
  amended, and the rules and regulations of the Commission promulgated
  thereunder.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">&nbsp;&#147;<u>Exercise
  Price</u>&#148; shall mean either the </font> Tranche<font face="Times New Roman" size="2"> I Exercise Price or the Tranche
  II Exercise, whichever is applicable for a particular Warrant.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">&#147;<u>Expiration Date</u>&#148; means <a NAME="_DV_M98"></a>either </font> the<font face="Times New Roman" size="2">
  Tranche I Expiration Date or the Tranche II Expiration Date, whichever is
  applicable for a particular Warrant.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">&nbsp;&#147;<u>Holders</u>&#148; means the holders from time to </font> time<font face="Times New Roman" size="2"> of the Warrants
  or the Warrant Shares issued upon exercise of the Warrants.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">&nbsp;&#147;<u>Independent
  Valuation Firm</u>&#148; means an </font>independent<font face="Times New Roman" size="2">, experienced appraisal firm
  which is a member of a recognized professional association of business
  appraisers <a NAME="_DV_M101"></a>acceptable to<a NAME="_DV_C122"><b> </b>a
  majority of the Board of Directors<b> </b></a>of the Corporation and the
  applicable Holder and which has not been called upon to audit the financial
  statements of the Corporation or such Holder.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">&#147;<u>Market
  Price</u>&#148; shall mean on any date specified herein,&nbsp;with respect to
  Common Stock or to common stock (or equivalent equity interests) issued
  pursuant to a </font> Change<font face="Times New Roman" size="2"> of Control, the amount per share equal to (i)&nbsp;the
  average sale price of the last sale price of shares of Common Stock, regular
  way, or of shares of such common stock (or equivalent equity interests) for
  the immediately preceding twenty (20) Business Days (or such other period as
  may be specified in this Warrant) or, if no such sale takes place on any such
  date, the average of the closing bid and asked prices thereof on such date, in
  each case as officially reported on the principal national securities exchange
  on which the same are then listed or admitted to trading, or (ii)&nbsp;if no
  shares of Common Stock or no shares of such common stock (or equivalent equity
  interests), as the case may be, are then listed or admitted to trading on any
  national securities exchange, the average sale price of the last sale price of
  shares of Common Stock, regular way, or of shares of such common stock (or
  equivalent equity interests) for the immediately preceding twenty (20)
  Business Days (or such other period as may be specified in this Warrant), or,
  if no such sale takes place on any such date,<b> </b>the average of the
  reported closing bid and asked prices thereof on such date, in each case as
  quoted in the Nasdaq National Market or, if no shares of Common Stock or no
  shares of such common stock (or equivalent equity interest), as the case may
  be, are then quoted in the Nasdaq National Market or Nasdaq Smallcap Market,
  as published by the National Quotation Bureau, Incorporated or any similar
  successor organization, and in either case as reported by any member firm of
  the New York Stock Exchange selected by the Corporation, or (iii) if no shares
  of Common Stock or no shares of such common stock (or equivalent equity
  interests), as the case may be, are then&nbsp;</font></p>
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50"><font face="Times New Roman" size="2">2</font></p>
<hr color="#000080" size="3">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> listed or admitted to trading on any
  national securities exchange or quoted or published in the over-the-counter
  market, the higher of (x)&nbsp;the book value thereof as determined by any
  firm of independent public accountants of recognized standing selected by the
  Board of Directors of the Corporation, as of the last day of any month ending
  within sixty (60) days preceding the date as of which the determination is to
  be made or <a NAME="_DV_C135">the price per Warrant Share </a><a NAME="_DV_M115"></a>determined
  in good faith <a NAME="_DV_M116"></a>by the Board of Directors <a NAME="_DV_C137">as
  of the relevant Closing </a><a NAME="_DV_M117"></a>and <a NAME="_DV_C139">notified
  to the Investors in accordance with Section 7.1 (the </a> &#147;<a NAME="_DV_C139">Initially
  Determined Price</a>&#148;<a NAME="_DV_C139">)</a><a NAME="_DV_M118"></a>; <u>provided</u>, <a NAME="_DV_M119"></a><u>however</u>,
  if <a NAME="_DV_C140">any Investor who is entitled to receive any Warrants
  with respect to the related Closing objects to the Board of Directors&#146;
  determination of </a><a NAME="_DV_M120"></a>such <a NAME="_DV_C142">Market
  Price pursuant to clause (iii) above within five Business Days&#146; of receipt
  of such notice by a written notice of objection delivered to the Corporation
  (an </a></font><font face="Times New Roman" size="2"> &#147;<a NAME="_DV_C142">Objection Notice,</a>&#148;<a NAME="_DV_C142"> and each Investor who has delivered an
  Objection Notice an </a></font><font face="Times New Roman" size="2"> &#147;<a NAME="_DV_C142">Objecting Investor</a>&#148;<a NAME="_DV_C142">), the Market Price shall be
  such price per Warrant Share as of the relevant Closing as may be redetermined
  by the Board of Directors in consultation with and subject to the agreement of
  each Objecting Investor, each of whom shall be required to negotiate in good
  faith and use commercially reasonable efforts to reach agreement prior to the
  Referral Date (as defined herein) (and such price shall be final upon the
  agreement of each of the Objecting Investors); provided, further that if the
  Board of Directors and each Objecting Investor</a><a NAME="_DV_M121"></a> are
  not able to agree on the Market Price within ten (10)
  Business Days after the Corporation&#146;s receipt of all timely Objection
  Notices (the </font><font face="Times New Roman" size="2"> &#147;Referral Date&#148;), the Market
  Price shall be the price per Warrant Share as of the
  relevant Closing determined by an Independent
  Valuation Firm, not discounting value due to the fact that such securities
  constitute a minority interest, and lack liquidity but assuming that the sale
  would be between a willing buyer and a willing seller, neither of which is
  under any compulsion to sell or buy. The Board of Directors shall
  submit its valuations and
  any other relevant data, and any Investor may submit its own valuation and any other data,
  to the Independent Valuation Firm and the Corporation shall
  instruct, and shall use commercially reasonable efforts to cause
  the Independent Valuation Firm to make its own determination of the Market
  Price by not later than fifteen (15) Business Days after
  the Referral Date. If the Independent Valuation Firm fails to determine a
  price per share on or before the twentieth (20<sup>th</sup>) Business Day
  following the Referral Date, the Initially Determined Price shall be deemed
  final and binding.  If the
  Independent Valuation Firm determines a price per share on or before the
  twentieth (20<sup>th</sup>) Business Day following the Referral Date, whether
  such price is higher or lower than the Initially Determined Price, the
  determination of the final Market Price by such Independent Valuation Firm
  shall be final and binding upon the parties. The Corporation agrees
  to pay 50%, and the Objecting Investors jointly agree to pay 50%,
  of the fees and expenses of the Independent Valuation Firm.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M137"></a><a NAME="_DV_M141"></a><a NAME="_DV_IPM9"></a><a NAME="_DV_C172"></a>
  &#147;<u>Securities Act</u>&#148; means the </font> Securities<font face="Times New Roman" size="2"> Act of 1933, as
  amended, and the rules and regulations of the Commission promulgated
  thereunder.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_IPM11"></a>
  &#147;<u>Tranche I Closing</u>&#148; has the meaning set</font> <font face="Times New Roman" size="2"> forth in <u>Section
  2.3(a)</u> hereof.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M144"></a> &#147;<u>Tranche
  II Closing</u>&#148; has the meaning set </font> forth<font face="Times New Roman" size="2"> in <u>Section 2.3(b)</u>
  hereof.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M145"></a><a NAME="_DV_IPM12"></a><a NAME="_DV_IPM13"></a><a NAME="_DV_M146"></a> &#147;<u>Tranche
  I Exercise Price</u>&#148; is equal to </font>t<font face="Times New Roman" size="2">he Market Price as of the Tranche I
  Closing.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M147"></a> &#147;<u>Tranche
  II Exercise Price</u>&#148; is equal</font> <font face="Times New Roman" size="2"> to the Market Price as of the Tranche II
  Closing<a NAME="_DV_M149"></a>.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"> &#147;<u>Tranche I
  Expiration Date</u>&#148; for each W</font>a<font face="Times New Roman" size="2">rrant issued pursuant to <u>Section
  2.3(a)</u> hereunder, is equal to the date that is seven years from the date
  hereof.</font></p>
<p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"> &#147;<u>Tranche II
  Expiration Date</u>&#148; for each </font> Warrant<font face="Times New Roman" size="2"> issued pursuant to <u>Section
  2.3(b)</u> hereunder, is equal to the date that is eight years from the date
  hereof.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M150"></a><a NAME="_DV_IPM16"></a><a NAME="_DV_IPM17"></a><a NAME="_DV_M153"></a>
  &#147;<u>Tranche I Shares</u>&#148; means</font> <font face="Times New Roman" size="2"> <a NAME="_DV_C183">the </a>Warrant
  Shares (as adjusted in accordance with <u>Section 4</u> herein) to be issued
  in accordance with <u>Section 2.3(a)</u> hereof.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M155"></a>
  &#147;<u>Tranche II Shares</u>&#148; means the Warrant </font> Shares<font face="Times New Roman" size="2"> (as adjusted in
  accordance with <u>Section 4</u> herein) to be issued in accordance with <u>Section
  2.3(b)</u> hereof.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M158"></a>
  <a NAME="_DV_M160"></a>&#147;<u>Transfer Legend</u>&#148; means a legend in
  the </font> form<font face="Times New Roman" size="2"> required by <u>Section 2.2</u> hereof.</font></p>
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50"><font face="Times New Roman" size="2">3</font></p>
<hr color="#000080" size="3">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M161"></a>
  &#147;<u>Warrants</u>&#148; have the meaning set forth in t</font>h<font face="Times New Roman" size="2">e preamble hereto.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M162"></a>
  &#147;<u>Warrant Certificates</u>&#148; has the meaning s</font>e<font face="Times New Roman" size="2">t forth in <u>Section
  2.1</u> hereof.</font></p>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M163"></a>
  &#147;<u>Warrant Shares</u>&#148; means shares of </font> Common<font face="Times New Roman" size="2"> Stock issuable upon
  exercise of a Warrant Certificate.</font></p>
<p align="center"><b><font face="Times New Roman" size="2">ARTICLE II</font></b>
<p align="center"><b><font face="Times New Roman" size="2">
    RIGHT TO PURCHASE WARRANT SHARES</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">2.1&nbsp;&nbsp;&nbsp;&nbsp;<u>Form
        of Warrant Certificates</u>.</b>&nbsp;&nbsp;Any certificate representing the Warrants (a &#147;<u>Warrant Certificate</u>&#148;),
      the form of which is attached hereto as Exhibit A, shall be detachable
      from this Agreement and the Credit Agreement and shall be dated the date
      on which it is signed by a duly authorized officer of the Corporation and
      shall have such insertions as are appropriate or required or permitted by
      this Agreement and may have such letters, numbers or other marks of
      identification as the Corporation may deem appropriate and as are not
      inconsistent with the provisions of this Agreement or the Credit
      Agreement.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b>
 <u><b>Legend</b></u><b>.&nbsp;&nbsp;</b>
      Each Warrant Certificate shall bear on the face thereof a legend (the
      &#147;<u>Transfer Legend</u>&#148;) substantially in the following form:</font></p>
      <dir>
    <blockquote>
    <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">&#147;This Warrant
    has not been registered under the Securities Act of 1933, as amended (the
    &#147;Act&#148;), and may not be transferred in the absence of such
    registration or an exemption therefrom under such Act.&#148;</font></p>
    </blockquote>
        </dir>

    <p ALIGN="JUSTIFY" style="text-indent: 50">&nbsp;<font face="Times New Roman" size="2">Except as otherwise
    permitted by this </font>Section<font face="Times New Roman" size="2"> <u> 2.2</u>, (a)&nbsp;each certificate for Common
    Stock (or other security) issued upon the exercise of any Warrant, and
    (b)&nbsp;each certificate issued upon the direct or indirect transfer of any
    such Common Stock (or other security) shall be stamped or otherwise
    imprinted with a legend in substantially the following form:</font></p>
<blockquote>
  <blockquote>
<p ALIGN="JUSTIFY"><font face="Times New Roman" size="2"> &#147;The shares
    represented by this certificate </font> have<font face="Times New Roman" size="2"> not been registered under the
    Securities Act of 1933, as amended (the &#147;Act&#148;), and may not be
    transferred in the absence of such registration or an exemption therefrom
    under such Act.&#148;</font></p>
  </blockquote>
</blockquote>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">The holder of any
  Warrant or Warrant Shar</font>e<font face="Times New Roman" size="2"> shall be entitled to receive from the Corporation,
  without expense, new securities of like tenor not bearing the applicable
  legend set forth above in this <u>Section 2.2</u> when such securities shall
  have been (a)&nbsp;effectively registered under the Securities Act and
  disposed of in accordance with the registration statement covering such
  securities, (b)&nbsp;sold to the public pursuant to Rule&nbsp;144 or any
  comparable rule under the Securities Act, or (c)&nbsp;when, in the opinion of
  independent counsel for the holder thereof experienced in Securities Act
  matters, such restrictions are no longer required in order to insure
  compliance with the Securities Act.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">
  <b>2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Warrant Tranches</u>.</b></font>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M171"></a>The
  Warrants </font>
 shall<font SIZE="2"><font face="Times New Roman" size="2"> be issuable to the Investors in accordance with the provisions
  of this <u>Section 2.3</u>.</font></p>
  <b>
  </b>
  <blockquote>
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Tranche I</u>.&nbsp;&nbsp;
  On </font>
</font>
 the<font SIZE="2"><font face="Times New Roman" size="2"> earliest practicable date following the One-Year Anniversary (as
  defined in the Credit Agreement) (the </font>
</font>
  <font face="Times New Roman" size="2"> &#147;</font><font SIZE="2"><font face="Times New Roman" size="2">Tranche I Closing</font></font><font face="Times New Roman" size="2">&#148;), the
  Corporation shall issue to the Investors then a party to this Agreement
  Warrants exercisable for a number of Warrant Shares equal to (i) a fraction,
  the numerator of which shall be be the aggregate outstanding principal balance
  of the Term Loans as of the One-Year Anniversary and the denominator of which
  shall be the aggregate outstanding principal balance of the Term Loans as of
  the date hereof, <u>multiplied by</u> (ii) the product of 0.5% <u>times</u>
  the number of outstanding shares of Common Stock of the Corporation as of the
  One-Year Anniversary (the </font><font face="Times New Roman" size="2"> &#147;</font><font SIZE="2"><font face="Times New Roman" size="2">Tranche I</font></font></p>
</blockquote>

  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50"><font face="Times New Roman" size="2">4</font></p>
  <hr color="#000080" size="3">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>

<blockquote>
  <p ALIGN="JUSTIFY"><font face="Times New Roman" size="2">Shares</font><font face="Times New Roman" size="2">&#148;</font><font SIZE="2"><font face="Times New Roman" size="2">). Each Investor a party
  to this Agreement on the One-Year Anniversary shall receive that number of the
  Tranche I Shares that is equal to such Investor&#146;s Applicable Commitment
  Percentage multiplied by the aggregate number of Tranche I Shares issuable by
  the Corporation pursuant to this clause (a).</font></p>
</font>
  <font SIZE="2">
  <p ALIGN="JUSTIFY" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Tranche II</u>.&nbsp;&nbsp;On the earliest practicable date following the Two-Year Anniversary (as
  defined in the Credit Agreement) (the &#147;Tranche II Closing&#148;), the
  Corporation shall issue to the Investors then a party to this Agreement
  Warrants exercisable for a number of Warrant Shares equal to (i) a fraction,
  the numerator of which shall be be the aggregate outstanding principal balance
  of the Term Loans as of the Two-Year Anniversary and the denominator of which
  shall be the aggregate outstanding principal balance of the Term Loans as of
  the date hereof, <u>multiplied by</u> (ii) the product of 1.5% <u>times</u>
  the number of outstanding shares of Common Stock of the Corporation as of the
  Two-Year Anniversary (the &#147;Tranche II Shares&#148;). Each Investor a
  party to this Agreement on the Two-Year Anniversary shall receive that number
  of the Tranche II Shares that is equal to such Investor&#146;s Applicable
  Commitment Percentage multiplied by the aggregate number of Tranche II Shares
  issuable by the Corporation pursuant to this clause (b).</font></p>
  </blockquote>
  <p style="text-indent: 50">
  <font face="Times New Roman" size="2"><b>2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b><u><b>Delivery
    of the Warrant Certificates</u>.</b>&nbsp;&nbsp;Within ten (10) days
    of any Closing, the Corporation shall issue to any Investor who is entitled
    to receive Warrants in accordance with <u>Section 2.3</u> above, a Warrant
    Certificate for Warrants to purchase said number of Warrant Shares, which
    number of Warrant Shares is subject to increase and decrease as provided in
    Article 4 below.&nbsp; In the event a Holder exercises its
    right to acquire Warrant Shares granted under any Warrant Certificate,
    certificates for the shares of Common Stock so purchased shall be issued in
    the name of, or as directed by, the Holder and delivered to Holder, or its
    transferee (as provided in Article 6 herein), within a reasonable time and,
    unless such Warrant Certificate has been fully exercised or has expired, a
    new Warrant Certificate representing the shares with respect to which such
    Warrant Certificate shall not have been exercised shall also be issued to
    Holder, or its transferee, within such time.</font>
</font>
<p align="center"><b><font face="Times New Roman" size="2">ARTICLE III</font></b>
<p align="center"><b><font face="Times New Roman" size="2">EXERCISE OF WARRANTS</font></p>
  <font SIZE="2">
  <a NAME="_DV_M212"></a><a NAME="_Toc520261199"></a></font></b>
<p style="text-indent: 50"><font SIZE="2"><b>3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Exercise
  Price</u>.</b>&nbsp;&nbsp;The Warrant Certificates shall

</font>
 entitle<font SIZE="2"><font face="Times New Roman" size="2"> the
  Holders thereof, subject to the provisions of this Agreement, to purchase, as
  applicable: (a) the Tranche I Warrant Shares at the Tranche I Exercise Price
  and (b) the Tranche II Warrant Shares at the Tranche II Exercise Price.</font>
<p style="text-indent: 50"><font face="Times New Roman" size="2"><b>3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b><u><b>Restrictions
    on Exercise; Expiration</u>.</b>&nbsp;&nbsp;Subject</font>

</font>
 <font SIZE="2"><font face="Times New Roman" size="2"> to the terms and
    conditions of this Agreement, on or before the applicable Expiration Date,
    the Warrants may be exercised on any Business Day as to all or any portion
    of the Warrant Shares. If any of the Warrants are not exercised by 5:00
    p.m., New York City time, on the applicable Expiration Date, this Agreement
    and unexercised Warrants and Warrant Certificates shall expire and all
    rights of the Holders hereunder and thereunder shall terminate unless
    otherwise provided herein or therein.</font>
<p style="text-indent: 50"><font face="Times New Roman" size="2"><b>3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Method of Exercise; Payment of Exercise Price</u>.</b></font>
<blockquote>
  <p style="text-indent: 50" align="justify"><font face="Times New Roman" size="2" align="JUSTIFY">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  In order to exercise all or any of the Warrants, a Holder thereof shall
  provide written notice in substantially the form of <u>Attachment-1</u> to <u>Exhibit
  A</u> to the Corporation at its address set forth in <u>Section 9.3</u> hereof
  specifying the number of Warrants being exercised. Such notice shall be
  accompanied by one or more Warrant Certificates representing not less than the
  number of Warrants being exe</font></font>rcised, together with payment in full of the
  applicable per share Exercise Price multiplied by th<font SIZE="2"><font face="Times New Roman" size="2">e number of Warrant Shares
  to be purchased pursuant to the exercise. The Exercise Price shall be payable,
  at the option of such Holder by wire transfer, certified check, official bank
  check or bank cashier&#146;s check payable to the order of the Corporation.&nbsp;
  If the number of Warrants being exercised is less than the number of Warrants
  represented by the Warrant Certificate(s) tendered in connection with the
  exercise, the Corporation shall issue new Warrant Certificate(s) for the
  unexercised Warrants in accordance with instructions contained in the notice
  of exercise and this Agreement.</font></p>
  <p style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In lieu of
  exercising this Warrant pursuant to <u>Section 3.2(a)</u> above, Holder may
  elect to&nbsp; </font>
</blockquote>

  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50"><font face="Times New Roman">5</font></p>
  <hr color="#000080" size="3">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>

</font>
<blockquote>
   <p><font face="Times New Roman" size="2" align="JUSTIFY"> receive shares based on the value of this Warrant (or&nbsp; the portion
  thereof being canceled) by surrender of this Warrant at the principal office
  of the Corporation together with notice of such election, in which event the
  Corporation shall issue to Holder a number of shares of Common Stock computed
  using the following formula:</font>
</blockquote>

  <p ALIGN="center"><font face="Times New Roman" size="2">X = <u>Y
  (A-B)</u><br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A</font>


  <p ALIGN="LEFT"><font face="Times New Roman" size="2">Where:</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="2">X=&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the number of shares
  of Common Stock to be issued to Holder;</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="2" align="JUSTIFY">Y=
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the number of shares
  of Common Stock purchasable under this Warrant (at the date of such
  calculation);</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="2" align="JUSTIFY">A=
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Market Value of
  one share of the Corporation&#146;s Common Stock (at the date of such
  calculation); and</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="2" align="JUSTIFY">B=
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exercise Price as of
  the date of issuance of the Warrant (adjusted to the date of such
  calculation).</font></p>
  <p ALIGN="LEFT"><font face="Times New Roman" size="2" align="JUSTIFY">Upon
  exercise of any Warrant in conformity with the foregoing provisions, the
  Corporation shall (i) transfer promptly to, or upon the written order of<a NAME="_DV_C242">,</a><a NAME="_DV_M223"></a><b>
  </b>the Holder of such Warrant, appropriate evidence of ownership of any
  Warrant Shares or other securities or property (including money) to which it
  is entitled, registered or otherwise placed in such name or names as may be
  directed in writing by the Holder thereof, (ii) deliver such evidence of
  ownership and any other securities or property (including money) to the person
  or persons entitled to receive the same, and (iii) reissue, as the case may
  be, a Warrant Certificate for any unexercised Warrants. A Warrant shall be
  deemed to have been exercised immediately prior to the close of business on
  the date of the surrender for exercise of the Warrant Certificate representing
  such Warrant being exercised and the payment of or surrender of Warrants
  representing the Exercise Price thereof, and, for all purposes of this
  Agreement, the person entitled to receive any Warrant Shares or other
  securities or property deliverable upon such exercise shall, as between such
  person and the Corporation, be deemed to be the Holder of such Warrant Shares
  or other securities or property of record as of the close of business on such
  date and shall be entitled to receive any Warrant Shares or other securities
  or property (including money) to which such person would have been entitled
  had such person been the record holder of such Warrant Shares or other
  securities or property on such date.</font></p>
<p style="text-indent: 50" align="JUSTIFY">
<font face="Times New Roman" size="2"><b>3.4</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><u>Dividends
    and Distributions</u></b>.&nbsp; &nbsp;For so long as any of the
    Warrants remain outstanding and unexercised, the Corporation will, upon the
    declaration of a cash dividend upon its Common Stock or other distribution
    to the holders of its Common Stock (other than a dividend to holders of its
    Common Stock payable in shares of the Corporation&#146;s Common Stock) and at
    least 10 days prior to the record date, notify the Holders of such
    declaration, which notice will contain, at a minimum, the following
    information: (i) the anticipated date of the declaration of the dividend or
    distribution, (ii) the amount of such dividend or distribution, (iii) the
    record date of such dividend or distribution, (iv) the payment date or
    distribution date of such dividend or distribution, and (v) the Corporation&#146;s
    best estimate of the frequency and amount of cash dividends or other
    distributions to be paid or made in each of the succeeding three years.</font>
  <b>
  <p align="center"><font face="Times New Roman" size="2">ARTICLE IV</font>
  <p align="center"><font face="Times New Roman" size="2">ADJUSTMENTS</font>
  <p align="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M228"></a>The
  number of Warrant Shares for </font>
  </b>
<font face="Times New Roman" size="2"><b>
 which </b></font>
  <b>
  <font face="Times New Roman" size="2"> any Warrant is exercisable and the
  applicable Exercise Price for such Warrant shall be subject to adjustment from
  time to time as set forth in this Section 4.</font></p>
  </b>

<p style="text-indent: 50">
<font face="Times New Roman" size="2"><b>4.1</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
      Stock Dividends, Subdivisions or Splits. <a NAME="_DV_M230"></a> If, at
      any time after the date hereof, the number of shares of Common Stock
      outstanding is increased by a stock dividend payable in shares of Common
      Stock or by a subdivision or split-up of shares of Common Stock then, the
      number of shares of Common Stock purchasable on exercise of a Warrant
      shall be increased in proportion to such increase in outstanding shares of
      Common Stock, and</font>
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50"><font face="Times New Roman" size="2">6</font></p>
<hr color="#000080" size="3">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
<p><font face="Times New Roman" size="2">the applicable Exercise Price <a NAME="_DV_C243"><b>per
      share </b></a><b><a NAME="_DV_M231"></a></b>for such Warrant Shares shall
      be decreased in proportion to such increase in outstanding shares of
      Common Stock.</font></p>

<p ALIGN="justify" style="text-indent: 50">

<font face="Times New Roman" size="2"><b>4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Upon
     Combinations</u>.</b>&nbsp;&nbsp; If, at any time&nbsp; after the date
      hereof, the number of shares of Common Stock outstanding is decreased by <a NAME="_DV_C245"><b>any</b></a><b><a NAME="_DV_M234"></a></b>
      combination of the outstanding shares of Common Stock into a smaller
      number of shares of Common Stock, then the number of shares of Common
      Stock purchasable on exercise of a Warrant shall be decreased in
      proportion to such decrease in outstanding shares of Common Stock, and the
      applicable Exercise Price<a NAME="_DV_C246"><b> per share</b></a><b><a NAME="_DV_M235"></a></b>
      for such Warrant Shares shall be increased in proportion to such decrease
      in outstanding shares of Common Stock.</font>
&nbsp;
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>4.3</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Upon
      Reclassifications, Reorganizations, Consolidations or Mergers</u>.</b>&nbsp;&nbsp;
      In the event of any capital reorganization of the Corporation, any
      reclassification of the Common Stock of the Corporation (other than a
      change in par value or from par value to no par value or from no par value
      to par value or as a result of a stock dividend or subdivision, split-up
      or combination of shares), or any Change of Control transaction, all
      Warrants issuable hereunder shall after such reorganization,
      reclassification, consolidation, or merger be exercisable for the kind and
      number of shares of stock or other securities or property of the
      Corporation or of the successor corporation resulting from such
      consolidation or surviving such merger, if any, to which the holder of the
      number of shares of Common Stock deliverable upon exercise of a Warrant
      issuable hereunder (immediately prior to the time of such reorganization,
      reclassification, consolidation or merger) would have been entitled upon
      such reorganization, reclassification, consolidation or merger. The
      provisions of this clause shall similarly apply to successive
      reorganizations, reclassifications, consolidations, or mergers.
      Furthermore, the Corporation will not merge into or consolidate with any
      other person, or sell or otherwise transfer its property, assets and
      business substantially as an entirety to a successor of the Corporation,
      unless prior to the consummation of such reorganization, reclassification,
      consolidation or merger, the successor corporation (if other than the
      Corporation) resulting from such reorganization, reclassification,
      consolidation, assumes, by written instrument, the obligation to deliver
      to the Holder of a Warrant issuable hereunder, such shares of stock,
      securities or assets, which, in accordance with the foregoing provisions,
      such Holders shall be entitled to receive upon exercise.</font>&nbsp;</p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>4.4</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Deferral
      in Certain Circumstances</b></u></font><b><font face="Times New Roman" size="2">.</font></b><font face="Times New Roman" size="2">&nbsp;&nbsp; In any case in which the
      provisions of this Section 4 shall require that an adjustment shall become
      effective immediately after a record date of an event, the Corporation may
      defer until the occurrence of such event issuing to the Holder of any
      Warrant exercised after such record date and before the occurrence of such
      event the shares of Common Stock issuable upon such exercise by reason of
      the adjustment required by such event and <b>issuing</b>
      to such Holder only the shares of Common Stock issuable upon such exercise
      before giving effect to such adjustments; <b>provided</b>, <b>however</b>,
      that the Corporation shall deliver to such Holder an appropriate
      instrument or due bills evidencing such Holder&#146;s right to receive such
      additional shares.</font></p>
<p align="center"><b><font face="Times New Roman" size="2">ARTICLE V</font></b></p>
<p align="center"><b><font face="Times New Roman" size="2">RESERVATION AND AUTHORIZATION OF COMMON SHARES, ETC.</font></p>
</b>

        <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Reservation
        and Authorization</u></b>.&nbsp;&nbsp;The Corporation hereby represents and warrants that it has reserved, and
      shall at all times hereafter reserve and keep available, for issuance upon
      exercise of the Warrants such number of its duly authorized but unissued
      shares of Common Stock as will be sufficient to permit the exercise in
      full of all outstanding Warrants and will cause appropriate evidence of
      ownership of such Warrant Shares or other securities to be delivered to
      the Holders of the Warrants upon their request for delivery of such, and
      shall take such action as shall be necessary so that all such shares of
      Common Stock, shall to the extent such shares are eligible for listing on
      a securities exchange, at all times, be duly approved for listing, subject
      to official notice of issuance, on each securities exchange, if any, on
      which such shares of Common Stock or other securities are then listed.</font>
      <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>5.2</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Covenant
      Regarding Common Stock</b></u>.&nbsp;&nbsp;The Corporation
      covenants that, except as contemplated by the Agreements, all shares of
      Common Stock will, upon issuance, be (a) duly authorized, validly issued,
      fully paid and nonassessable, (b) free from preemptive and any other
      similar rights and (c) free from any taxes, liens, charges or security
      interest with respect thereto.</font>
<p align="center"><b><font face="Times New Roman" size="2">ARTICLE VI</font></b>
<p align="center"><b><font face="Times New Roman" size="2">
    WARRANT TRANSFER BOOKS: RESTRICTIONS ON TRANSFER</font></p>
<a NAME="_DV_M251"></a><a NAME="_Toc520261212"></a></b>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>6.1</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><b>Transfer
      and </b></u> </font>
<u><b>
 Exchange</b></u><font face="Times New Roman" size="2">.</font>
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50"><font face="Times New Roman" size="2">7</font></p>
<hr color="#000080" size="3">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
<blockquote>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(a)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="Times New Roman" size="2">The Corporation shall keep and maintain a register in which, subject to such
    reasonable regulations as it may prescribe, the Corporation shall provide
    for the registration of the Warrant Certificates on the Corporation&#146;s
    records and transfers or exchanges of the Warrant Certificates as herein
    provided.</font></p>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(b</font>)<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Subject to the provisions of this <u>Article 6</u>, a Holder may transfer a
    Warrant Certificate and the Warrants represented thereby in whole or in part
    by written notice to the Corporation stating the name of the proposed
    transferee and otherwise complying with the terms of this Agreement. Any
    transferee shall agree in writing to be subject to the terms and conditions
    of this Agreement and the Agreements.</font></p>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
   Subject to <u>Section 6.2(b)</u> hereof, when a Warrant Certificate is
    presented to the Corporation with a request to register the transfer of such
    Warrant Certificate, the Corporation shall register the transfer or make the
    exchange as requested if its requirements for such transactions and any
    applicable requirements hereunder are satisfied. To permit registrations of
    transfers and exchanges, the Corporation shall execute and deliver such
    Warrant Certificate in accordance with the provisions hereof. No service
    charge shall be made for any registration of transfer or exchange of the
    Warrants.</font></p>
</blockquote>
<p ALIGN="justify" style="text-indent: 50">
<font face="Times New Roman" size="2"><b>6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Special
Transfer Provisions</u>.</b></font>
<blockquote>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By its acceptance of the Warrants represented by a Warrant Certificate
    bearing the Transfer Legend, each Holder of the Warrants acknowledges the
    restrictions on transfer of the Warrants and Warrant Shares and agrees that
    it will transfer the Warrants and Warrant Shares only in accordance with
    those restrictions.</font></p>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon the transfer, exchange or replacement of a Warrant Certificate or
    certificate representing Warrant Shares not bearing the Transfer Legend, the
    Corporation shall deliver a Warrant Certificate or stock certificate that
    does not bear the Transfer Legend. Upon the transfer, exchange or
    replacement of a Warrant Certificate or certificate representing Warrant
    Shares bearing the Transfer Legend, the Corporation shall deliver such
    Warrant Certificate or stock certificate bearing the Transfer Legend, unless
    such legend may be removed from a Warrant Certificate or stock certificate
    as provided in the next sentence. The Transfer Legend may be removed from a
    Warrant Certificate or stock certificate if there is delivered to the
    Corporation an opinion of legal counsel satisfactory to the Corporation to
    confirm that neither such legend nor the restrictions on transfer set forth
    therein are required to ensure that transfers of such security will not
    violate the registration and prospectus delivery requirements of the
    Securities Act or applicable law; provided, however, that the Corporation
    shall not be required to determine the sufficiency of any such evidence.</font></p>
</blockquote>
<p ALIGN="justify" style="text-indent: 50">
<font face="Times New Roman" size="2"><b>6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Surrender
      of a Warrant Certificate</u></b>.&nbsp;&nbsp; Any Warrant
      Certificate s</font>u<font face="Times New Roman" size="2">rrendered for registration of transfer, exchange or exercise
      of the Warrants represented thereby shall be promptly canceled by the
      Corporation and shall not be reissued by the Corporation and, except in
      case of mutilation or partial exercise of the Warrants represented by such
      Warrant Certificate, no Warrant Certificate shall be issued hereunder in
      lieu thereof.</font>
<p align="center"><font face="Times New Roman" size="2"><b>ARTICLE VII</b></font>
<p align="center"><font face="Times New Roman" size="2"><b>NOTICE TO HOLDERS</b></font></p>
<b>
<p ALIGN="justify" style="text-indent: 50"><font size="2">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Notices
        of Corporate Actions</u></font></b>.<font face="Times New Roman">
    <p ALIGN="LEFT"><font face="Times New Roman" size="2">In
    case:</font></p>
</font>
<a NAME="_Toc520259925">
    <blockquote>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(a)
    </font></a><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a NAME="_DV_M266"></a>the
    Corporation shall grant to <a NAME="_DV_M267"></a><b>the</b> holders of its <a NAME="_DV_C252"><b>Capital
    Stock as a </b> class<b> any</b></a><b><a NAME="_DV_M268"></a></b> rights or
    warrants to subscribe for or purchase any shares of Capital Stock of any
    class; or</font></p>
    <font face="Times New Roman">
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520259926">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </a><a NAME="_DV_M269"></a>of any reclassification of the Capital Stock, or
    of any consolidation, merger or share </font></font> exchange<font face="Times New Roman"><font face="Times New Roman" size="2"> to which the Corporation is a
    party and for which approval of any stockholders of the Corporation is
    required, or of the sale or transfer of all or substantially all of the
    assets of the Corporation, or of a Change of Control; or</font></p>
    </blockquote>
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50"><font size="2">8</font></p>
<hr color="#000080" size="3">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
    <blockquote>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_Toc520259927">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </a><a NAME="_DV_M270"></a>of the voluntary or involuntary dissolution,
    liquidation or winding up of </font></font> the<font face="Times New Roman"><font face="Times New Roman" size="2"> Corporation; or</font></p>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <a NAME="_DV_M271"></a>the
    Corporation or any subsidiary shall commence a tender offer for all or</font></font>
<font face="Times New Roman"><font face="Times New Roman" size="2"> a
    portion of the outstanding shares of Capital Stock (or shall amend any such
    tender offer to change the maximum number of shares being sought or the
    amount or type of consideration being offered therefor); or</font></p>

    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a NAME="_DV_M274"></a>
    the Corporation shall take an action or an event shall</font></font> <font face="Times New Roman"><font face="Times New Roman" size="2"> occur that would
    require a Warrant Share and/or Exercise Price adjustment pursuant to Section
    4; or</font></p>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Board of Directors shall determine the Market Price with
    </font></font> respect<font face="Times New Roman"><font face="Times New Roman" size="2"> to any
    Closing, any Referral Date shall occur or the Market Price shall be
    redetermined in accordance with the definition thereof;</font></p>
    </blockquote>
    <p ALIGN="LEFT"><font face="Times New Roman" size="2"><a NAME="_DV_M275"></a>then
    the Corporation shall cause to be mailed to each Investor at its last
    address as such address appears in the stock register, (i) in the case of
    any action covered by clauses (a) through (d) above at least 20 days prior
    to the record date for determining holders of the Common Stock for purposes
    of such action, and (ii) in the case of any other such action, as soon as
    practicable, a notice stating (1)&nbsp;the date on which a record is to be
    taken for the purpose of such dividend, distribution or granting of rights
    or warrants, or, if a record is not to be taken, the date as of which the
    holders of the Common Stock of record who will be entitled to such dividend,
    distribution, rights or warrants are to be determined, (2)&nbsp;the date on
    which such reclassification, consolidation, merger, share exchange, sale,
    transfer, dissolution, liquidation or winding up is expected to become
    effective, and the date as of which it is expected that holders of the
    Common Stock of record shall be entitled to exchange their shares of the
    Common Stock for securities, cash or other property deliverable upon such
    reclassification, consolidation, merger, share exchange, sale, transfer,
    dissolution, liquidation or winding up, or (3)&nbsp;the date on which such
    tender offer commenced, the date on which such tender offer is scheduled to
    expire unless extended, the consideration offered and the other material
    terms thereof (or the material terms of the amendment thereto). Such notice
    shall also set forth such facts with respect thereto as shall be reasonably
    necessary to indicate the effect of such action on the applicable Exercise
    Price, the Warrant Shares issuable hereunder and the kind or class of shares
    or other securities or property which shall be deliverable or purchasable
    upon the occurrence of such action or deliverable upon exercise of the
    Warrants. Neither the failure to give any such notice nor any defect therein
    shall affect the legality or validity of any action described in clauses (a)
    through (f) of this Section 7.1.</font></p>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Taking
      of Record</u></b>. <a NAME="_DV_M277"></a> In </font></font> the<font face="Times New Roman"><font face="Times New Roman" size="2"> case of all dividends or
      other distributions by the Corporation to the holders of its Common Stock
      with respect to which any provision of any Section hereof refers to the
      taking of a record of such holders, the Corporation will in each such case
      take such a record and will take such record as of the close of business
      on a Business Day.</font>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Closing
      of Transfer Books</u></b>.&nbsp;&nbsp;The
  Corporation shall not at any time, except upon dissolution, liquidation or
  winding up of the Corporation, close its stock transfer books or Warrant
  transfer books so as to result in preventing or delaying the exercise or
  transfer of any Warrant.</font></p>
<p align="center"><b><font size="2">ARTICLE VIII</font></b>
<p align="center"><b><a NAME="_Toc520261219"><u><font face="Times New Roman" size="2">REGISTRATION</font></u></a></p>
</b>
  <b>
  <p ALIGN="justify" style="text-indent: 50"><font size="2">8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u><a NAME="_Toc520261220">Corporation
      Covenants</a></u></font></b></font><a NAME="_Toc520261220">.</a><font face="Times New Roman">
<blockquote>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Registrable
  Securities</u>.&nbsp;&nbsp;As used herein,&#147;<u>Registrable Securities</u>&#148;
  shall mean (i) the Warrant Shares and (ii) any Common Stock issued or issuable
  at any time or from time to time in respect of the Warrant Shares upon a
  conversion, stock split, stock dividend, recapitalization or other similar
  event involving the Corporation; provided, however, that no shares shall be
  included in any registration under this Agreement unless such shares shall
  have been first converted to Common Stock; and provided further that shares
  shall cease to be Registrable Securities at</font></p>
</blockquote>

  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50"><font size="2">9</font></p>
<hr color="#000080" size="3">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
<blockquote>
  <p ALIGN="LEFT"><font face="Times New Roman" size="2">such time as they become eligible
  for sale pursuant to Rule 144 under the Securities Act, and provided further
  that shares shall cease to be Registrable Securities at such time as they are
  sold by a person in a transaction in which his rights under this Agreement are
  not properly assigned.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Registration Upon
  Request</u>.&nbsp;&nbsp;At any time after the date hereof, the Holder or Holders of
  Registrable Securities constituting at least a majority of the total number of
  shares of Registrable Securities then outstanding or issuable upon exercise of
  then outstanding Warrants may request the Corporation to register under the
  Securities Act, for sale in accordance with the method of disposition
  specified in such notice, all or any portion of the Registrable Securities
  held by such requesting Holder or Holders; provided, however, that the
  aggregate offering price of the shares of Registrable Securities to be
  registered (if they constitute less than all of the Registrable Securities
  held by the requesting Holder or Holders) must be reasonably likely to equal
  or exceed $500,000; and provided further, that the Corporation shall have no
  obligation to (i) effect more than two (2) registration under this <u>Section
  8.1(b)</u> during any period of twelve (12) consecutive months; or (ii) to
  effect any registration under this <u>Section 8.1(b)</u> within 180 days after
  the effective date of any registered offering of the Corporation&#146;s
  securities to the general public in which such Holder or Holders shall have
  been able to register all Registrable Securities as to which registration
  shall have been requested pursuant to <u>Section 8.1(c</u></font></font>).</p>
    <font face="Times New Roman">
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Incidental
  Registration</u>.&nbsp;&nbsp;If the Corporation at any time proposes to register any of
  its Common Stock under the Securities Act for sale to the public, whether for
  its own account or for the account of other security holders or both (except
  with respect to registration statements on Form S-8 or S-4 or another form not
  available for registering the Registrable Securities for sale to the public),
  each such time it will give written notice to the Holders of its intention to
  do so. Upon the written request of any Holder, given within ten (10) days
  after receipt of any such notice, to register any of such Holder&#146;s
  Registrable Securities (which request must state the intended method of
  disposition thereof), the Corporation will use its commercially reasonable
  efforts (as set forth in <u>Section 8.1(d)</u>) to cause the Registrable
  Securities as to which registration has been so requested to be included in
  the securities to be covered by the registration statement proposed to be
  filed by the Corporation, all to the extent requisite to permit the sale or
  other disposition by such Holder (in accordance with its written request) of
  such Registrable Securities so registered. If any registration pursuant to
  this <u>Section 8.1(c)</u> is, in whole or in part, an underwritten public
  offering of Common Stock, any request by a Holder pursuant to this <u>Section
  8.1(c)</u> to register Registrable Securities must specify that such
  Registrable Securities are to be included in the underwriting on the same
  terms and conditions as the shares of Common Stock otherwise being sold
  through underwriters under such registration. Notwithstanding anything to the
  contrary contained in this <u>Section 8.1(c)</u>, if there is a firm
  commitment underwritten offering of securities of the Corporation pursuant to
  a registration statement covering Registrable Securities and such Holder does
  not elect to sell its Registrable Securities to the underwriters of securities
  in connection with such offering, such Holder will refrain from selling such
  Registrable Securities during the period of distribution of the Corporation&#146;s
  securities by such underwriters and the period in which the underwriting
  syndicate participates in the after market; provided, however, that the
  Holder, in any event, shall be entitled to sell its Registrable Securities
  commencing on the 180th day after the effective date of such registration
  statement.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Obligations of
  the Corporation</u>.&nbsp;&nbsp;If and whenever the Corporation is required by the
  provisions of <u>Section 8.1(b)</u> or <u>(c)</u> hereof to use its
  commercially reasonable efforts to effect the registration of any of
  Registrable Securities under the Securities Act, the Corporation will, as
  expeditiously as possible:</font></p>
  <blockquote>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;prepare and file
  with the Securities and Exchange Commission (the &#147;<u>SEC</u>&#148;) a
  registration statement on the appropriate form and in compliance in all
  material respects with the Securities Act (the &#147;Registration
  Statement&#148;) covering such Registrable Securities, and use its reasonable
  best efforts to have the Registration Statement declared effective as promptly
  as practicable;</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;prepare and file
  with the SEC such amendments and supplements to the Registration Statement as
  may be necessary to keep the Registration Statement effective (including,
  without limitation, any amendments or supplements which may be required as a
  result of any changes in any Holder&#146;s plan of distribution) until the
  earlier of (1) such time as all the</font></p>
  </blockquote>
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>

    </blockquote>
<font face="Times New Roman">

  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50"><font size="2">10</font></p>
<hr color="#000080" size="3">
</font>
</font>
<blockquote>
    <font face="Times New Roman">
  <p>&nbsp;</p>

  <blockquote>
  <p ALIGN="justify"><font face="Times New Roman" size="2">Registrable Securities have been sold by
  the Holders or (2) such time as the Registrable Securities will no longer be
  required to be registered for the resale thereof by any Holder by reason of
  Rule 144 of the SEC under the Securities Act or any other rule of similar
  effect; provided, however, that the Corporation in good faith, may delay the
  filing of any amendment or supplement to the Registration Statement for a
  reasonable period of time, not to exceed 90 days, in order to permit the
  Corporation (A) to effect disclosure or disposition or consummation of any
  transaction requiring confidential treatment which is being actively pursued
  at such time and which would require disclosure in the Registration Statement
  or (B) to negotiate, effect or complete any transaction which the Corporation
  reasonably believes might be jeopardized, delayed or made more costly to the
  Corporation by disclosure in the Registration Statement;</font></p>
  </blockquote>
  <blockquote>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;advise the
  Holders, promptly after it shall receive notice or obtain knowledge thereof,
  of the issuance by the SEC of any stop order suspending the effectiveness of
  the Registration Statement, of the suspension of the qualification of the
  Registrable Securities for offering or sale in any jurisdiction, or of the
  initiation or threatening of any proceeding for any such purpose if such stop
  order, suspension or proceeding would prohibit the resale of the Registrable
  Securities by any Holder; and it will promptly use its reasonable best efforts
  to prevent the issuance of any stop order or to obtain its withdrawal if such
  a stop order should be issued;</font></p>
  </blockquote>

  <blockquote>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(iv)
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;use its reasonable
  best efforts to furnish to the Holders with respect to the Registrable
  Securities registered on the Registration Statement (and to each underwriter,
  if any, of such Registrable Securities) such number of copies of the
  prospectus included in the Registration Statement (the &#147;Prospectus&#148;)
  in conformity with the requirements of the Securities Act and such other
  documents as the Holders may reasonably request, in order to facilitate the
  resale of all or any of the Registrable Securities by the Holders, it being
  understood and agreed that the Holders will comply with the provisions of the
  Securities Act and of such other securities or state securities laws
  (&#147;Blue Sky&#148;) as may be applicable to selling stockholders in
  connection with any use of the Prospectus;</font></p>  </blockquote>

  <blockquote>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></font>within<font face="Times New Roman"><font face="Times New Roman" size="2"> the time
  during which a Prospectus is required to be delivered under the Securities
  Act, comply as far as it is able with all requirements imposed upon it by the
  Securities Act, as now and hereafter amended, and by the rules and
  regulations, as from time to time in force, so far as necessary to permit the
  continuance of sales of the Registrable Securities as contemplated by the
  provisions hereof and the Prospectus. If during such period any event occurs
  as a result of which the Prospectus as then amended or supplemented would
  include an untrue statement of a material fact or omit to state a material
  fact necessary to make the statements therein, in the light of the
  circumstances then existing, not misleading, or if during such period it is
  necessary to amend the Registration Statement or supplement the Prospectus to
  comply with the Securities Act, the Corporation will promptly notify the
  Holders and will, subject to the proviso in clause (ii) above, amend the
  Registration Statement or supplement the Prospectus so as to correct such
  statement or omission or effect such compliance and will immediately notify
  the Holders of the filing and effectiveness of each amendment to the
  Registration Statement and the filing of each supplement to the Prospectus;</font></p>
  </blockquote>

  <blockquote>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;use
 its reasonable best efforts to register and qualify the Registrable Securities under the
  securities laws of such jurisdictions as any of the Holders may reasonably
  request and to continue such qualifications in effect so long as the
  Registration Statement is kept effective pursuant to this <u>Section 8.1</u>,
  except that the Corporation shall not be required in connection therewith to
  qualify as a foreign corporation or to execute a general consent to service of
  process in any such jurisdiction;</font></p>
    </blockquote>

  <blockquote>
<p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;if the Registrable
  Securities are to be sold in an underwritten offering, the Corporation will
  furnish, at the request of the selling Holder(s), on the date that such
  Registrable Securities are delivered to the underwriters for sale in an
  underwritten public offering (1) an opinion, dated as of such date, of counsel
  for the Corporation for the purposes of such registration, </p>
    </blockquote>



  <font face="Times New Roman">

  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50">11</p>
    </blockquote>
<hr color="#000080" size="3">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  </font>
  </font></font>
<blockquote>
  <font face="Times New Roman" size="2">
  <blockquote>
  <p ALIGN="justify"><font face="Times New Roman"><font face="Times New Roman" size="2">addressed to the
  underwriters, in a customary form and covering maters of the type customarily
  covered in opinions of issuer&#146;s counsel delivered to the underwriters in
  underwritten public offerings, and such other legal matters as such
  underwriter may reasonably request, and (2) a </font><font face="Times New Roman" size="2"> &#147;comfort&#148; letter,
  dated as of such date, signed by the independent public accountants of the
  Corporation who have certified the Corporation&#146;s financial statements
  included in such registration statement, addressed to the underwriters, in a
  customary form and covering matters of the type customarily covered in
  accountants&#146; </font><font face="Times New Roman" size="2"> &#147;comfort&#148; letters delivered to the underwriters in
  underwritten public offerings and such other financial information (including
  information as to the period ending not more than five (5) business days prior
  to the date of such letter) as such underwriter may reasonably request; and,
  with each Holder, enter into customary agreements (including an underwriting
  agreement in customary form) and take such other actins as are reasonably
  required in order to expedite or facilitate the disposition of Registrable
  Securities in an underwritten offering; and</font></p>

  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;bear all expenses
  in connection with the procedures in this <u>Section 8.1</u> (including
  without limitation all federal and state registration, qualification and
  filing fees, printing expenses, fees and disbursements of counsel for the
  Corporation, blue sky fees and expenses and the expense of any special audit
  incident to or required by any such registration), other than underwriting
  discounts, selling commissions, and fees and the expenses, if any, of counsel
  or other advisers to any of the Holders, which shall be borne by the Holders.</font></p>
  </blockquote>

  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation
  shall be entitled to require that the parties refrain from effecting any
  public sales or distributions </font>

</font>

 of<font face="Times New Roman"><font face="Times New Roman" size="2"> the Registrable Securities pursuant to a
  Registration Statement that has been declared effective by the SEC or
  otherwise, if the board of directors of the Corporation reasonably determines
  that such, public sales, or distributions would interfere in any material
  respect with any transaction involving the Corporation that the board of
  directors reasonably determines to be material to the Corporation. The board
  of directors shall, as promptly as practicable, give the holders of the
  Registrable Securities written notice of any such development. In the event of
  a request by the board of directors of the Corporation that the holders of
  Registrable Securities refrain from effecting any public sales or
  distributions of the Registrable Securities, the Corporation shall be required
  to lift such restrictions regarding effecting public sales or distributions of
  the Registrable Securities as soon as reasonably practicable after the board
  of directors shall reasonably determine public sales or distributions by the
  holders of the Registrable Securities shall not interfere with such
  transaction, <i>provided, </i>that in no event shall any requirement that the
  holders of Registrable Securities refrain from effecting public sales or
  distributions in the Registrable Securities extend for more than 180 days.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(f</font></font>)<font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font face="Times New Roman"><font face="Times New Roman" size="2">If any Registration
  Statement relates to an underwritten public offering, the right of any Holder
  to participate in such registration pursuant shall be conditioned upon such
  Holder participating in such reasonable underwriting arrangements as the
  Corporation shall make regarding the offering, and the inclusion of
  Registrable Securities in the underwriting shall be limited to the extent
  provided herein. The participating Holders and all other shareholders
  proposing to distribute their securities through such underwriting shall
  (together with the Corporation and the other shareholders distributing their
  securities through such underwriting) enter into an underwriting agreement in
  customary form with the managing underwriter selected for such underwriting by
  the Corporation. Notwithstanding any other provision of this Agreement, if the
  managing underwriter concludes in its reasonable judgment that the number of
  shares to be registered for selling shareholders (including the Holders) would
  materially adversely effect such offering, the number of Registrable
  Securities to be registered, together with the number of shares of Common
  Stock or other securities held by other shareholders proposed to be registered
  in such offering, shall be reduced on a pro rata basis based on the number of
  Registrable Securities proposed to be sold by each Holder as compared to the
  number of shares proposed to be sold by all shareholders. If any Holder
  disapproves of the terms of any such underwriting, it may elect to withdraw
  therefrom by written notice to the Corporation and the managing underwriter,
  delivered not less than 10 days before the effective date. The Registrable
  Securities excluded by the managing underwriter or withdrawn from such
  underwriting shall be withdrawn from such registration, and shall not be
  transferred in a public distribution prior to 180 days after the effective
  date of the registration statement relating thereto, or such other shorter
  period of</font></p></blockquote>
  <font face="Times New Roman" size="2">



  <font face="Times New Roman">

  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50">12</p>
<hr color="#000080" size="3">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  </font>
<blockquote>
  <p ALIGN="justify"><font face="Times New Roman"><font face="Times New Roman" size="2"> time as the underwriters may require.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation
  shall have the right to terminate or withdraw any Registration Statement
  initiated by it under <u>Section 8.1(c)</u> of this Agreement prior to the
  effectiveness of such Registration Statement whether or not any Holder has
  elected to include securities in such registration.</font></p>
    </blockquote>
<p style="text-indent: 50"><font face="Times New Roman" size="2"><b>8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b><b><u>Holder
    Covenants</u></b>.</font>
    <blockquote>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">
  (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Holder shall
  furnish the Corporation such information regarding such Holder and the
  distribution of such Registrable Securities as the Corporation may from time
  to time reasonably request in writing.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Holder of the
  Registrable Securities agrees by acquisition of such Registrable Securities to
  give at least three (3) business hours prior written notice to the Corporation
  of any proposed sale of Registrable Securities pursuant to an effective
  Registration Statement, specifying the proposed date of such sale, and not to
  make such sale (1) unless such three (3) business hours elapse without
  response from the Corporation, or (2) in the event the Corporation responds by
  stating that an amendment to such Registration Statement or supplement to the
  Prospectus must be filed in accordance with <u>Section 8.1(d)(v)</u>, until
  the Corporation notifies the Holder that the Registration Statement has been
  amended or the Prospectus supplemented as required. Each Holder further agrees
  that if the Registrable Securities are not sold within 24 hours of the time
  such notice is delivered to the Corporation, it will not sell any Registrable
  Securities without again complying with the notice provisions of this <u>Section
  8.2(b)</u>. For purposes hereof, &#147;business hours&#148; means the hours of
  9:00 a.m. to 6:00 p.m. on any day when the New York Stock Exchange is open for
  trading.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Holder of the
  Registrable Securities agrees by acquisition of such Registrable Securities
  that upon receipt of any notice from the Corporation of the happening of any
  event of the kind described in the second sentence of subdivision (v) of <u>Section
  8.1(d)</u> or pursuant to <u>Section 8.1(e)</u>, such Holder will forthwith
  discontinue such Holder&#146;s disposition of Registrable Securities pursuant to
  the Registration Statement relating to such Registrable Securities until such
  Holder&#146;s receipt of the copies of the supplemented or amended prospectus
  contemplated by subdivision (v) of <u>Section 8.1(a)</u> or of notice from the
  Corporation pursuant to <u>Section 8.1(e)</u>, and, if so directed by the
  Corporation, will deliver to the Corporation (at the Corporation&#146;s expense)
  all copies, other than permanent file copies, then in such Holder&#146;s
  possession of the Prospectus relating to such Registrable Securities at the
  time of receipt of such notice.</font></p>
  <font face="Times New Roman" size="2"><b>8.3</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><u>Indemnification</u>.</b></font>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">
  (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation will
  indemnify each Holder, each of its officers, directors and constituent
  partners, legal counsel for the Holder, and each person controlling such
  Holder, with respect to which registration, qualification or compliance of
  Registrable Securities has been effected pursuant to this Agreement, and each
  underwriter, if any, and each of its officers, directors, constituent
  partners, legal counsel for such underwriter and each person who controls any
  underwriter against all claims, losses, damages or liabilities (or actions in
  respect thereof) to the extent such claims, losses, damages or liabilities
  arise out of or are based upon any untrue statement (or alleged untrue
  statement) of a material fact contained in any Prospectus or other document
  (including any related Registration Statement) incident to any such
  registration, qualification or compliance, or any omission (or alleged
  omission) to state therein a material fact required to be stated therein or
  necessary to make the statements therein not misleading, or any violation by
  the Corporation of any rule or regulation promulgated under the Securities Act
  applicable to the Corporation and relating to action or inaction required of
  the Corporation in connection with any such registration, qualification or
  compliance; and the Corporation will reimburse each such Holder, each such
  underwriter and each person who controls any such Holder or underwriter, for
  any legal and any other expenses reasonably incurred in connection with
  investigating or defending any such claim, loss, damage,</font></p>
  <font face="Times New Roman">
</blockquote>

  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50"><font size="2">13</font></p>
<hr color="#000080" size="3">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>
  </font>


  <blockquote>
  <p ALIGN="justify"><font face="Times New Roman" size="2">liability or action;
  provided, however, that the indemnity contained in this <u>Section 8.3(a)</u>
  shall not apply to amounts paid in settlement of any claim, loss, damage,
  liability or action if settlement is effected without the consent of the
  Corporation (which consent shall not unreasonably be withheld); and provided,
  further, that the Corporation will not be liable in any such case to the
  extent that any such claim, loss, damage, liability or expense arises out of
  or is based upon any untrue statement or omission based upon written
  information furnished to the Corporation by such Holder, underwriter or
  controlling person and stated to be for use in connection with the offering of
  Registrable Securities. Notwithstanding the above, the foregoing indemnity
  agreement is subject to the condition that, insofar as it relates to any such
  untrue statement, alleged untrue statement, omission or alleged omission made
  in a preliminary prospectus on file with the SEC at the time the Registration
  Statement becomes effective or the amended prospectus filed with the SEC
  pursuant to Rule 424(b) (the &#147;Final Prospectus&#148;), such indemnity
  agreement shall not inure to the benefit of any underwriter or any Holder, if
  there is no underwriter, if a copy of the Final Prospectus was not furnished
  to the person asserting the loss, liability, claim or damage at or prior to
  the time such action is required by the Securities Act.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Holder will indemnify the Corporation, each of its directors and officers, each legal
  counsel and independent accountant of the Corporation, each underwriter, if
  any, of the Corporation&#146;s securities covered by such a Registration
  Statement, each person who controls the Corporation or such underwriter within
  the meaning of the Securities Act, and each other such Holder, each of its
  officers, directors and constituent partners and each person controlling such
  other Holder, against all claims, losses, damages and liabilities (or actions
  in respect thereof) arising out of or based upon any untrue statement (or
  alleged untrue statement) of a material fact contained in any such
  Registration Statement, prospectus, offering circular or other document, or
  any omission (or alleged omission) to state therein a material fact required
  to be stated therein or necessary to make the statements therein not
  misleading, or any violation by such Holder of any rule or regulation
  promulgated under the Securities Act applicable to such Holder and relating to
  action or inaction required of such Holder in connection with any such
  registration, qualification or compliance, and will reimburse the Corporation,
  such Holder, such directors, officers, partners, persons, law and accounting
  firms, underwriters or control persons for any legal and any other expenses
  reasonably incurred in connection with investigating or defending any such
  claim, loss, damage, liability or action, in each case to the extent, but only
  to the extent, that such untrue statement (or alleged untrue statement) or
  omission (or alleged omission) is made in such Registration Statement,
  prospectus, offering circular or other document in reliance upon and in
  conformity with written information furnished to the Corporation by such
  Holder and stated to be specifically for use in connection with the offering
  of Registrable Securities; provided, however, that each Holder&#146;s liability
  under this <u>Section 8.3(b)</u> shall not exceed such Holder&#146;s proceeds
  from the offering of Registrable Securities made in connection with such
  registration.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Promptly after
  receipt by an indemnified party under this <u>Section 8.3</u> of notice of the
  commencement of any action, such indemnified party will, if a claim in respect
  thereof is to be made against an indemnifying party under this Section 8.3(c),
  notify the indemnifying party in writing of the commencement thereof and
  generally summarize such action. The indemnifying party shall have the right
  to participate in and to assume the defense of such claim; provided, however,
  that the indemnifying party shall be entitled to select counsel for the
  defense of such claim with the approval of any parties entitled to
  indemnification, which approval shall not be unreasonably withheld; provided
  further, however, that if either party reasonably determines that there may be
  a conflict between the position of the Corporation and the Holders in
  conducting the defense of such action, suit or proceeding by reason of
  recognized claims for indemnity under this <u>Section 8.3</u>, then counsel
  for such party shall be entitled to conduct the defense to the extent
  reasonably determined by such counsel to be necessary to protect the interest
  of such party, and the reasonable fees and expenses of such counsel shall be
  paid by the indemnifying party.</font></p>
  <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the indemnification provided for in this Section 8.3 from an indemnifying
  party is unavailable to an indemnified party hereunder in respect to any
  losses, claims, damages, liabilities or expenses referred to herein, then the
  indemnifying party, in lieu of indemnifying such indemnified party, shall
  contribute to the amount paid or payable by such indemnified party as a result
  of such losses, claims, damages, liabilities or expenses in such proportion as
  is appropriate to reflect the relative fault of the indemnifying party and
  indemnified party in connection with the statements or omissions which result
  in such losses, claims, damages, liabilities or expenses, as well as any other
  relevant equitable considerations. The relative fault of such indemnifying
  party and indemnified party shall be determined by reference to, among other
  things, whether the untrue or alleged untrue statement of a material fact or
  the omission or alleged omission to state a material fact relates to
  information supplied by such indemnifying party or indemnified party and the
  parties&#146; relative intent, knowledge, access to information supplied by such
  indemnifying party or</font></p>
  </blockquote>

  <p ALIGN="justify" style="text-indent: 50">&nbsp;</p>
  <p ALIGN="center" style="text-indent: 50"><font size="2">14</font></p>
  <hr size="3" color="#000080">
  <p ALIGN="center" style="text-indent: 50">&nbsp;</p>

  <blockquote>
  <p ALIGN="justify"><font face="Times New Roman" size="2">indemnified party and the parties&#146; relative intent,
  knowledge, access to information and opportunity to correct or prevent such
  statement or omission. The amount paid or payable by a party as a result of
  the losses, claims, damages, liabilities and expenses referred to above shall
  be deemed to include any legal or other fees or expenses reasonably incurred
  by such party in connection with investigating or defending any action, suit,
  proceeding or claim.</font></p>
  <p align="center"><b><font size="2">ARTICLE IX</font></b>
  <p align="center"><a NAME="_Toc520261223"><b><font face="Times New Roman" size="2">MISCELLANEOUS</font></b></a></p>
</blockquote>
      <p ALIGN="justify" style="text-indent: 50"><font size="2"><b>9.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Loss</u></b></font><u><font face="Times New Roman" size="2">
  <b>
      or Mutilation</b></font></u><font face="Times New Roman" size="2">.&nbsp;&nbsp;Upon receipt by the Corporation from any Holder of evidence reasonably
    satisfactory to the Corporation of the ownership of and the loss, theft,
    destruction or mutilation of a Warrant Certificate and an indemnity
    reasonably satisfactory to it (it being understood that the written
    indemnification agreement of Holder shall be a sufficient indemnity) and, in
    case of mutilation, upon surrender and cancellation hereof, the Corporation
    will execute and deliver in lieu hereof a new Warrant Certificate of like
    tenor to such Holder; <b><u>provided</u></b>, <b><u>however</u></b>, that,
    in the case of mutilation, no indemnity shall be required if such Warrant in
    identifiable form is surrendered to the Corporation for cancellation.</font>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>9.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Payment
    of Taxes</u>.</b>&nbsp;&nbsp;The Corporation shall pay any taxes
    and other governmental charges that may be imposed under the laws of the
    United States of America or any political subdivision or taxing authority
    thereof or therein in respect of the issue or delivery of Warrant Shares or
    of other securities or property deliverable upon exercise of the Warrants
    (other than income taxes imposed on the Holders). The Corporation shall not
    be required, however, to pay any tax or other charge imposed in connection
    with any transfer involved in the issue of any certificate for Warrant
    Shares or other securities or property issuable upon the exercise of the
    Warrants or payment of cash to any person other than the Holder of a Warrant
    Certificate surrendered upon exercise of the Warrants, and in case of such
    transfer or payment, the Corporation shall not be required to issue any
    stock certificate or pay any cash until such tax or charge has been paid or
    it has been established to the Corporation&#146;s satisfaction that no such tax
    or charge is due.</font>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>9.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Notices</u></b>.&nbsp;&nbsp;Any notice, demand or delivery authorized by this Agreement shall be in
    writing and shall be delivered (a) by hand or overnight courier service or
    (b) mailed or sent by electronic transmission or
    transmission by telecopier or confirmed facsimile, in each case properly
    addressed to the party to be notified at the addresses set forth <a NAME="_DV_C264">in the Credit Agreement </a>or
    such other address or telecopy number as shall have been furnished to the
    party giving or making such notice, demand or delivery. Any notice that is
    sent in a manner provided herein shall have been duly given when sent.</font>
</font>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>9.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b><u><b>Governing
    Law</b></u>.&nbsp;&nbsp;THIS AGREEMENT SHALL BE GOVERNED BY AND
    CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF GEORGIA<b> </b>WITHOUT
    GIVING EFFECT TO CONFLICTS OF LAW PRINCIPLES THEREOF.</font>
    <p ALIGN="justify" style="text-indent: 50"><b><font face="Times New Roman" size="2">9.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Assignment</u></font></b><font face="Times New Roman"><u><b>;
    Successors</b></u>.&nbsp;&nbsp;Subject to <u>Section 6.2(a)</u>
    hereof, this Agreement may be assigned by the Investors to any Affiliate </font> at<font face="Times New Roman"><font face="Times New Roman" size="2">
    any time upon written notice. This Agreement shall be binding upon and inure
    to the benefit of the Corporation and the Investors and their respective
    successors and assigns, and the Holders from time to time of the Warrants.
    Nothing in this Agreement is intended or shall be construed to confer upon
    any person, other than the Corporation, and the Investors, any right, remedy
    or claim under or by reason of this Agreement or any part hereof. The
    parties acknowledge, that upon the assignment of an Investor&#146;s rights
    under the Credit Agreement as provided in <u>Section 11.1</u> of the Credit
    Agreement, the assignee of said rights shall become a party hereto as an </font><font face="Times New Roman" size="2"> &#147;Investor&#148;, with all rights, obligations and benefits of an
    Investor hereunder; provided, however, that any Investor who receives a
    Warrant Certificate hereunder prior to any such assignment, shall after such
    assignment, continue to have all rights under this Agreement with respect to
    said Warrant Certificate and the Warrant Shares issuable thereunder.</font></font><p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman"><font size="2"><b>9.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Counterparts</u></b>.&nbsp;&nbsp;</font><font face="Times New Roman" size="2">This Agreement may be executed manually or by facsimile in any number of
    counterparts, each of which shall be deemed an original, but all of which
    together shall constitute one and the same instrument.</font></font><p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman"><font size="2"><b>9.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Amendments</u></b>.&nbsp;&nbsp;</font><font face="Times New Roman" size="2">Any provision of this Agreement or the Warrant Certificates may be amended
    or waived if, but only if, such amendment or waiver is in writing and is
    signed by the Corporation and the Investors holding a majority in interest
    of the issued or issuable Warrant Shares; provided, however, if any
    amendment</font></font><p ALIGN="justify" style="text-indent: 50">&nbsp;<p ALIGN="center" style="text-indent: 50"><font face="Times New Roman" size="2">15</font><p ALIGN="center" style="text-indent: 50">&nbsp;
<hr size="3" color="#000080">
<p ALIGN="justify" style="text-indent: 50">&nbsp;<p ALIGN="justify"><font face="Times New Roman"><font face="Times New Roman" size="2">adversely affects any Investor materially differently than it
    affects all other Investors hereunder, said amendment shall not be effective
    against such Investor without the written consent of such Investor.</font>
    <p ALIGN="justify" style="text-indent: 50"><font size="2"><b>9.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></font><font face="Times New Roman" size="2"><b><u>Headings</u></b>.&nbsp;&nbsp;The descriptive headings of the several Sections of this Agreement are
    inserted for convenience</font>

 </font>

    <font face="Times New Roman"><font face="Times New Roman" size="2"> only and shall not control or affect the meaning or
    construction of any of the provisions hereof.</font>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>9.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Third
    Party Beneficiaries</u></b>.&nbsp;&nbsp;Each Holder shall be a
    third party beneficiary to the agreements made hereunder </font>

</font>

 between<font face="Times New Roman"><font face="Times New Roman" size="2"> the
    Corporation, on the one hand, and the Investors, on the other hand, and each
    such Holder shall have the right to enforce such agreements directly to the
    extent it deems such enforcement necessary or advisable to protect its
    rights.</font><p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>9.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Severability</u></b>.&nbsp;&nbsp;In the event that any one or more of the provisions contained herein, or the
    application thereof in any circumstances is held invalid, illegal or
    unenforceable in any respect for any reason, the validity, legality and
    enforceability of any such provision in every other respect and of the
    remaining provisions hereof shall not be in any way impaired or affected
    thereby, it being intended that all of the rights and privileges of the
    parties shall be enforceable to the fullest extent permitted by law.</font></font>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>9.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>No Inconsistent Agreements</u>.</b>&nbsp;&nbsp;The Corporation has
    not, as of the date hereof, entered into, nor shall it, on or after the date
    hereof, enter into, any agreement that is inconsistent with the rights
    granted to the Investors herein or that otherwise conflicts with the
    provisions hereof.</font></p>
    <p ALIGN="justify" style="text-indent: 50"><font face="Times New Roman" size="2"><b>9.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Limitation
    on Holders&#146; Rights</u></b>.&nbsp;&nbsp;Prior to the exercise of any Warrant, the
    Holder thereof shall not be entitled to any rights of a shareholder,
    including, without limitation, the right to vote or receive dividends or
    other distributions, or any notice of any proceedings of the Company except
    as expressly provided in this Agreement.</font></p>

<font face="Times New Roman">
<p ALIGN="LEFT">&nbsp;</p>

</font>

<p ALIGN="center"><font size="2">16</font></p>
<hr size="3" color="#000080">
<p ALIGN="center">&nbsp;</p>

<font face="Times New Roman">
<p ALIGN="justify" style="text-indent: 50"><b><font face="Times New Roman" size="2">IN WITNESS WHEREOF</b>,
the parties have caused this Warrant Agreement to be duly executed, as of the
date first above written</font></p>
<p ALIGN="JUSTIFY">&nbsp;</p>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><font size="2"><b>MILLER INDUSTRIES, INC.</b></font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
      Frank Madonia</i></font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Name:&nbsp;&nbsp;</font><font size="2">Frank
      Madonia</font>
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Title:&nbsp;&nbsp;&nbsp;&nbsp;Executive
      Vice President</font>
    </td>
  </tr>
</table>
<p ALIGN="JUSTIFY">&nbsp;</p>
<hr size="3" color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font size="2">BANK OF AMERICA, N.A.</font></b></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>/s/
      John P. McDuffie</i></font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Name:&nbsp;&nbsp;John
      P. McDuffie</font>
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Title:&nbsp;&nbsp;&nbsp;&nbsp;Vice
      President</font>
    </td>
  </tr>
</table>
<p>&nbsp;</p>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font size="2">WACHOVIA BANK, N.A.</font></b></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
      William W. Teegarden</font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Name:&nbsp;&nbsp;&nbsp;William
      W. Teegarden</font>
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior
      Vice President</font>
    </td>
  </tr>
</table>
<p>&nbsp;</p>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font size="2">AMSOUTH BANK, N.A.</font></b></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
      M. Rex Hamilton</font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Name:&nbsp;&nbsp;</font><font size="2">M.
      Rex Hamilton</font>
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Title:&nbsp;&nbsp;&nbsp;&nbsp;Commercial
      Banking Officer</font>
    </td>
  </tr>
</table>
<p>&nbsp;</p>
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font size="2">SUNTRUST BANK</font></b></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
      Samuel Ballesteros</font>
      <hr color="#000000" align="right" width="90%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Name:&nbsp;&nbsp;Samuel
      Ballesteros</font>
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Title:&nbsp;&nbsp;&nbsp;&nbsp;Director</font>
    </td>
  </tr>
</table>
<b>
<p ALIGN="CENTER">&nbsp;</p>
<hr size="3" color="#000080">
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">EXHIBIT
A</font></p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">FORM OF WARRANT
CERTIFICATE</font></p>
</b>
<p ALIGN="LEFT">&nbsp;</p>
<b>
<p ALIGN="LEFT"><font face="Times New Roman" size="2"><a NAME="_DV_M333"></a>THIS
WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE &#147;ACT&#148;), AND MAY NOT BE TRANSFERRED IN THE ABSENCE OF SUCH
REGISTRATION OR AN EXEMPTION THEREFROM UNDER SUCH ACT.</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">THE SECURITIES EVIDENCED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE ACT OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE SOLD, TRANSFERRED,
ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS REGISTERED OR QUALIFIED UNDER THE ACT
AND APPLICABLE SECURITIES LAWS OR OTHER JURISDICTIONS, OR THE CORPORATION
RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO IT THAT SUCH REGISTRATION AND
QUALIFICATION IS NOT REQUIRED UNDER APPLICABLE LAW.</font></p>
</b>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2"><a NAME="_DV_M334"></a>No.
______ Warrants to purchase an aggregate</font></p>
<blockquote>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">&nbsp;of
__________ Shares of Common Stock</font></p>
</blockquote>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="CENTER"><font face="Times New Roman" size="2">WARRANT
TO PURCHASE COMMON STOCK</font></p>
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">This certifies that, for value received, _______________________ (the &#147;Holder&#148;) or its assigns, is entitled to purchase [__] shares of
common stock (&#147;Common Stock&#148;) (as adjusted for any stock splits, stock
dividends, combinations, recapitalizations and similar events), of Miller
Industries, Inc. (the &#147;Corporation&#148;). This Warrant entitles the holder
thereof (the &#147;Holder&#148;) to purchase from the Corporation the shares of
Common Stock issuable hereunder at the purchase price (the &#147;Exercise
Price&#148;) of [$__] per share subject to the terms and conditions hereof and
of that certain Warrant Agreement, dated July 23, 2001, among the Corporation
and the Investors thereto (the &#147;Agreement&#148;). All capitalized terms not
otherwise defined herein shall have the meanings ascribed to them in the
Agreement. The number of shares purchasable upon exercise of this Warrant
Certificate and the Exercise Price per share are subject to adjustment from time
to time as set forth in the Agreement. In order to exercise this Warrant
Certificate, the registered Holder hereof must surrender this Warrant
Certificate and pay the appropriate Exercise Price at the office of Corporation
as set forth in the Agreement or to its successor.</font></p>
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">This Warrant Certificate is one of a duly authorized issue of warrants
evidencing the right to purchase shares of Common Stock of the Corporation </font></font> and

<font face="Times New Roman">
<font face="Times New Roman" size="2">
is issued under and in accordance with the Agreement, and is subject to the
terms and provisions contained therein, to all of which terms and provisions the
Holder of this Warrant Certificate consents by acceptance hereof. The Agreement
is hereby incorporated herein by reference and made a part hereof. Reference is
hereby made to the Agreement for a full description of the rights, limitations
of rights, obligations, duties and immunities thereunder of the Corporation and
the Holder of the Warrants. The summary of the terms of the Agreement contained
in this Warrant Certificate is qualified in its entirety by express reference to
the Agreement.</font></p>
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">Copies of </font></font> the

<font face="Times New Roman">
<font face="Times New Roman" size="2"> Agreement are on file at the office of the Corporation and may be
obtained by writing to the Corporation requesting the same.</font></p>
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">&nbsp;All shares of Common Stock issuable by the Corporation upon the exercise of this
Warrant Certificate shall be validly issued, fully paid and nonassessable.</font></p>
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">Subject
to the requirements set forth in the Agreement and the restrictions on
transfer set forth above, this Warrant Certificate and all rights hereunder
shall be transferable by the registered Holder hereof on the register of the
Corporation maintained by the Corporation for such purpose at its office upon
surrender of this Warrant Certificate duly endorsed, or accompanied by a written
instrument of transfer in form satisfactory to the Corporation duly executed, by
the registered Holder hereof or such Holder&#146;s attorney duly authorized in
writing and upon payment of any necessary transfer tax or other governmental
charge imposed upon such transfer. Upon any partial transfer the Corporation
will issue and deliver to such Holder a new Warrant Certificate with respect to
any portion not so transferred.</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="center"><font size="2">A-1</font></p>
<hr size="3" color="#000080">
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2"><a NAME="_DV_M342"></a>
 This Warrant Certificate</font></font>

<font face="Times New Roman">
<font face="Times New Roman" size="2"> shall be void and all exercise rights evidenced hereby
shall cease on [_________ __, ____].</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="center"><font size="2">A-2</font></p>
<hr size="3" color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">This Warrant Certificate
and the Agreement </font></font> are

<font face="Times New Roman">
<font face="Times New Roman" size="2"> subject to amendment as provided in the Agreement.</font></p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2"><a NAME="_DV_M344"></a>Dated:
________ ___, _____.</font></p>
<p ALIGN="LEFT">&nbsp;</p>

<font face="Times New Roman">
<table border="0" width="100%" cellspacing="1">
  <tr>
    <td width="50%"></td>
    <td width="50%"><b><font face="Times New Roman" size="2">MILLER INDUSTRIES,
INC.
      </font>
</b>
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">By:</font>
      <hr color="#000000" align="right" width="94%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Name:
      </font>
      <hr color="#000000" align="right" width="88%" size="1">
    </td>
  </tr>
  <tr>
    <td width="50%"></td>
    <td width="50%"><font face="Times New Roman" size="2">Title:</font>
      <hr color="#000000" align="right" width="88%" size="1">
    </td>
  </tr>
</table>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="center"><font size="2">A-3</font></p>
<p ALIGN="center">&nbsp;</p>
<hr size="3" color="#000080">
<p ALIGN="center">&nbsp;</p>
<p ALIGN="center"><b>ATTACHMENT-1</b></p>

</font>


<font face="Times New Roman" size="2">
<b>
<p ALIGN="CENTER"><font face="Times New Roman" size="2"></a>Notice
of Intention to Exercise Warrant for Cash</font></p></b>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT" style="text-indent: 50"><font face="Times New Roman" size="2">
The undersigned holder of the attached Warrant Certificate hereby exercises the
right to exchange the attached Warrant Certificate for the number of shares of
Common Stock of Miller Industries, Inc. shown below in accordance with the terms
thereof and directs that (i) such shares be issued and delivered to the
undersigned as provided by the terms of the attached Warrant Certificate, and
(ii) a certificate representing the number of shares covered by the attached
Warrant Certificate which shall thereafter remain unexercised, if any, also be
delivered to the undersigned. This notice is accompanied by the aggregate
purchase price shown below.</font></p>
<p ALIGN="LEFT"><font face="Times New Roman" size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Number of shares as to which exercised: ________________________________</font></p>
<p ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AND</p>
<p ALIGN="LEFT">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Aggregate Purchase Price: ___________________________________________</p>
<p ALIGN="LEFT">&nbsp;</p>
<table border="0" cellspacing="1" width="100%">
  <tr>
    <td width="50%"></td>
    <td width="50%" valign="BOTTOM" align="LEFT">
      <hr size="1" color="#000000" width="95%">
     </td>
  </tr>
<tr>
    <td width="50%"></td>
    <td width="50%" valign="TOP">(Signature of Holder)</td>
  </tr>
</table>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="center">B-1</p>
<p ALIGN="center">&nbsp;</p>
<hr size="3" color="#000080">
<p ALIGN="LEFT">&nbsp;</p>

</font>

</font>

</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>12
<FILENAME>subsid.htm
<DESCRIPTION>EXH. 21 - LIST OF SUBSIDIARIES
<TEXT>
<html>
<head>
<title>Subsidiaries</title>
</head>
<body>

<p ALIGN="LEFT">&nbsp;</p>
<b><u>
<p ALIGN="CENTER">Subsidiaries</p>
</u></b>
<p ALIGN="LEFT">&nbsp;</p>
<div align="center">
  <center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="576">
  <tr>
    <td WIDTH="71%" VALIGN="TOP"><b><u>
      <p ALIGN="LEFT">Name of Entity</p>
      </u>
      <p ALIGN="LEFT"></b></td>
    <td WIDTH="29%" VALIGN="TOP"><b><u>
      <p ALIGN="CENTER">State of Incorporation</u></b></td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">A-Excellence Towing Co.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Ackerman Wrecker Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">All American Towing Services, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Allied Gardens Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Allied Towing and Recovery, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Altamonte Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Anderson Towing Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">APACO, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Arrow Wrecker Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">A to Z Enterprises, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">B&amp;B Associated Industries, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">B-G Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Bear Transportation, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Beaty Towing &amp; Recovery, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Bert&#146;s Towing Recovery Corporation</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Bill Gerlock Towing Co.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Oregon</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Bob&#146;s Auto Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Bob Bolin Services, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Bob Vincent and Sons Wrecker Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Kentucky</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Boulevard &amp; Trumbull Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Brewer&#146;s, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Bryrich Corporation</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">C&amp;L Towing Services, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Cal West Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Cardinal Centre Enterprises, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">California</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Cedar Bluff 24 Hour Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Central Valley Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Century Holdings, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Tennessee</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Chad&#146;s, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Champion Carrier Corporation</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Chevron, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Pennsylvania</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Chicago Metro Services, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Illinois</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Clarence Cornish Automotive Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Cleveland Vehicle Detention Center, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Coffey&#146;s Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Coleman&#146;s Towing &amp; Recovery, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Michigan</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Competition Wheelift, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">D.A. Haneline, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">DVREX, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Texas</td>
  </tr>
 <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Dick&#146;s Towing &amp; Road Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Dollar Enterprises, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Don&#146;s Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  </TABLE>
  <p>&nbsp;</p>
  <hr size="3" color="#000080">
  <p>&nbsp;</p>
 <table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="576">
  <tr>
    <td WIDTH="71%" VALIGN="TOP"><b><u>
      <p ALIGN="LEFT">Name of Entity</p>
      </u>
      <p ALIGN="LEFT"></b></td>
    <td WIDTH="29%" VALIGN="TOP"><b><u>
      <p ALIGN="CENTER">State of Incorporation</u></b></td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Dugger&#146;s Services, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Dun-Rite Towing Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">DuRu, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">E.B.T., Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Export Enterprises, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Gary&#146;s Towing &amp; Salvage, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Golden West Towing Equipment Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Good Mechanic Auto Co. of Richfield, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Great America Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Greg&#146;s Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">H&amp;H Towing Enterprises, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Hall&#146;s Towing Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Hendrickson Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">H.M.R. Enterprises, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Maryland</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Interstate Towing &amp; Recovery, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Kauff&#146;s, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Kauff&#146;s of Ft. Pierce, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Florida</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Kauff&#146;s of Miami, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Florida</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Kauffs of Palm Beach, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Florida</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Ken&#146;s Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">King Automotive &amp; Industrial Equipment, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Lazer Tow Services, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Levesque&#146;s Auto Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">LWKR, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Lincoln Towing Enterprises, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">M&amp;M Towing and Recovery</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Maejo, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Mel&#146;s Acquisition Corp.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Merl&#146;s Towing Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Mid America Wrecker &amp; Equipment Sales, Inc. of
      Colorado</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Mike&#146;s Wrecker Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Miller Financial Services Group, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Tennessee</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Miller/Greeneville, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Tennessee</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Miller Industries Distributing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Miller Industries International, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Tennessee</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Miller Industries Towing Equipment Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Moore&#146;s Service &amp; Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Moore&#146;s Towing Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Mosteller&#146;s Garage, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Murphy&#146;s Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Official Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">O&#146;Hare Truck Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
   </TABLE>
  <p><font face="Times New Roman" size="2">&nbsp;-2-</font></p>
  <hr size="3" color="#000080">
  <p>&nbsp;</p>
 <table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="576">
  <tr>
    <td WIDTH="71%" VALIGN="TOP"><b><u>
      <p ALIGN="LEFT">Name of Entity</p>
      </u>
      <p ALIGN="LEFT"></b></td>
    <td WIDTH="29%" VALIGN="TOP"><b><u>
      <p ALIGN="CENTER">State of Incorporation</u></b></td>
  </tr>
   <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">P.A.T., Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Pipes Enterprises, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Pro-Tow, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Pullen&#146;s Truck Center, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Purpose, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">RAR Enterprises, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">RMA Acquisition Corp.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">RRIC Acquisition Corp.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Randy&#146;s High Country Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Ray Harris, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Ray&#146;s Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Recovery Services, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">RTIEX, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Oregon</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">RBEX, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Road One, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">RoadOne Employee Services, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Road One Insurance Services, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Road One Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">RoadOne Specialized Transportation, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">RoadOne Transportation &amp; Logistics, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">R.M.W.S., Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Sakstrup Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Sandy&#146;s Auto &amp; Truck Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Sonoma Circuits, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Southern Wrecker Center, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Southern Wrecker Sales, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Southwest Transport, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Florida</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Speed&#146;s Automotive, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Oregon</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Speed&#146;s Rentals, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Oregon</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Sroga&#146;s Automotive Services, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Suburban Wrecker Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Team Towing and Recovery, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Illinois</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Ted&#146;s of Fayville, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Texas Towing Corporation</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Thompson&#146;s Wrecker Service, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Tow Pro Custom Towing &amp; Hauling, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Treasure Coast Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Treasure Coast Towing of Martin County, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Florida</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Truck Sales &amp; Salvage Co., Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Walker Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Wes&#146;s Service Incorporated</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Western Towing; McClure/Earley Enterprises, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Whitey&#146;s Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Wiltse Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
 </TABLE>
  <p>&nbsp;<font face="Times New Roman" size="2">-3-</font></p>
  <hr size="3" color="#000080">
  <p>&nbsp;</p>
 <table BORDER="0" CELLSPACING="0" CELLPADDING="7" WIDTH="576">
  <tr>
    <td WIDTH="71%" VALIGN="TOP"><b><u>
      <p ALIGN="LEFT">Name of Entity</p>
      </u>
      <p ALIGN="LEFT"></b></td>
    <td WIDTH="29%" VALIGN="TOP"><b><u>
      <p ALIGN="CENTER">State of Incorporation</u></b></td>
  </tr>
   <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Zebra Towing, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
  <tr>
    <td WIDTH="71%" VALIGN="TOP">
      <p ALIGN="LEFT">Zehner Towing &amp; Recovery, Inc.</td>
    <td WIDTH="29%" VALIGN="TOP">
      <p ALIGN="CENTER">Delaware</td>
  </tr>
</table>
  </center>
</div>
<p ALIGN="LEFT">&nbsp;</p>

<p ALIGN="center"><font face="Times New Roman" size="2">-4-</font></p>

</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>13
<FILENAME>consent.htm
<DESCRIPTION>EXH. 23 - ACCOUNTANTS' CONSENT
<TEXT>
<html>

<head>
<meta name="GENERATOR" content="Microsoft FrontPage 4.0">
<meta name="ProgId" content="FrontPage.Editor.Document">
<title>EXHIBIT 23</title>
</head>

<body>

<b><u><font SIZE="3">
<p ALIGN="RIGHT">EXHIBIT 23</p>
</font></u></b><font SIZE="3">
<p ALIGN="RIGHT">&nbsp;</p>
</font><b>
<p ALIGN="CENTER">CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS</p>
</b>
<p ALIGN="CENTER">&nbsp;</p>
<p ALIGN="LEFT">As independent public accountants, we hereby consent to the
incorporation of our reports included in this Form 10-K, into Miller Industries,
Inc.'s previously filed Registration Statements on Form S-4 (File No.
333-34641), and Form S-8 (File No. 33-82282).</p>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="center">ARTHUR ANDERSEN LLP</p>
<p ALIGN="center">&nbsp;</p>
<blockquote>
<p ALIGN="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ ARTHUR ANDERSEN LLP</p>
<p ALIGN="center">&nbsp;</p>
</blockquote>
<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="LEFT">Chattanooga, Tennessee<br>
July 25, 2001</p>

</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>logo.gif
<DESCRIPTION>COMPANY LOGO
<TEXT>
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`
end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
