EQUIFAX INC, 8-A12B, 1995-11-02

EQUIFAX INC
8-A12B, 1995-11-02
PREPACKAGED SOFTWARE

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<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

----------

FORM 8-A

FOR REGISTRATION OF CERTAIN CLASSES OF
SECURITIES PURSUANT TO SECTION 12(b) OR (g) OF
THE SECURITIES EXCHANGE ACT OF 1934

EQUIFAX INC.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)

Georgia 58-0401110
- ---------------------------------------- -------------------
(State of Incorporation or organization) (IRS Employer
Identification No.)

1600 Peachtree Street, N.W.
P.O. Box 4081, Atlanta, Georgia 30302
- ---------------------------------------- -------------------
(Address of principal executive offices) (Zip Code)

Securities to be registered pursuant to Section 12(b) of the Act:

Title of each class Name of each exchange on which
to be so registered each class is to be registered
- ---------------------------------------- ------------------------------

Common Stock Purchase Rights New York Stock Exchange
- ----------------------------------------- ------------------------------

Securities to be registered pursuant to Section 12(g) of the Act:

- --------------------------------------------------------------------------------
(Title of Class)

Index to Exhibits Appears on Page 7
<PAGE> 2

ITEM 1. Description of Registrant's Securities to be Registered.

On October 25, 1995, the Board of Directors of Equifax Inc. (the
"Company") declared a dividend distribution of one right (a "Right") for each
outstanding share of common stock, par value $2.50 per share (the "Common
Shares"), of the Company. The distribution is payable on November 6, 1995 (the
"Record Date") to the shareholders of record as of the close of business on the
Record Date. Each Right entitles the registered holder to purchase from the
Company one Common Share at a price of $185.00 (the "Purchase Price"), subject
to adjustment. The description and terms of the Rights are set forth in a
Rights Agreement, dated as of October 25, 1995 (the "Rights Agreement"),
between the Company and SunTrust Bank, Atlanta, as Rights Agent (the "Rights
Agent"). On October 25, 1995, the Board of Directors of the Company also
adopted an amendment to the Articles of Incorporation of the Company to effect
a two-for-one stock split of the issued and unissued Common Shares as permitted
by Georgia law. The two-for-one stock split will become effective as of 5:00
p.m. Eastern Time on November 24, 1995, with certificates representing the
additional shares to be mailed on or about December 15, 1995. Unless otherwise
indicated, all information herein is set forth on a pre-split basis. At the
effective time of the stock split, the Purchase Price will be adjusted to
$92.50 per Right to reflect the two-for-one stock split.

Until the earliest to occur of (i) the close of business on the tenth
calendar day (or such later date as may be specified by the Board of Directors)
following a public announcement that a person or group of affiliated or
associated persons has acquired, or obtained the right to acquire, beneficial
ownership of 15% or more of the outstanding Common Shares (an "Acquiring
Person"), (ii) the close of business on the tenth calendar day following the
commencement of a tender offer or exchange offer by a person or group of
affiliated or associated persons, the consummation of which would result in
beneficial ownership by such person or group of 15% or more of the outstanding
Common Shares, or (iii) the close of business on the tenth calendar day
following the first date of public announcement of the first occurrence of a
Flip-in Event or a Flip-over Event (as such terms are hereinafter defined) (the
earliest of such dates being hereinafter called the "Distribution Date"), the
Rights will be evidenced, with respect to any of the Common Share certificates
outstanding as of the Record Date, by such Common Share certificates.

The Rights Agreement provides that, until the Distribution Date, the
Rights will be transferred with and only with the Common Shares. Until the
Distribution Date (or earlier redemption or expiration of the Rights), new
Common Share certificates issued after the Record Date upon transfer or new
issuance of Common Shares will contain a notation incorporating the Rights
Agreement by reference. Until the Distribution Date (or earlier redemption or
expiration of the Rights), the surrender for transfer of any certificates for
Common Shares in respect of which Rights have been issued will also constitute
the transfer of the Rights associated with the Common Shares represented by
such certificates. As soon as practicable following the Distribution Date,
separate certificates evidencing the Rights (the "Right Certificates") will be
mailed to holders of record of the Common Shares as of the close of business on
the Distribution Date and such separate Right Certificates alone will evidence
the Rights.

2
<PAGE> 3

No Right is exercisable at any time prior to the Distribution Date.
The Rights will expire on November 6, 2005 (the "Final Expiration Date") unless
earlier redeemed or exchanged by the Company as described below. Until a Right
is exercised, the holder thereof, as such, will have no rights as a shareholder
of the Company, including without limitation the right to vote or to receive
dividends.

The Purchase Price payable, and the number of Common Shares or other
securities issuable, upon exercise of the Rights are subject to adjustment from
time to time to prevent dilution (i) in the event of a stock dividend on, or a
subdivision, combination or reclassification of, the Common Shares, (ii) upon
the grant to holders of the Common Shares of certain rights or warrants to
subscribe for or purchase Common Shares at a price, or securities convertible
into Common Shares with a conversion price, less than the then current market
price of the Common Shares or (iii) upon the distribution to holders of the
Common Shares of evidences of indebtedness or cash (excluding regular periodic
cash dividends), assets, stock (excluding dividends payable in Common Shares)
or of subscription rights or warrants (other than those referred to above).

In the event (a "Flip-in Event") that (i) any person or group of
affiliated or associated persons becomes the beneficial owner of 20% or more of
the outstanding Common Shares, (ii) any Acquiring Person merges into or
combines with the Company and the Company is the surviving corporation or any
Acquiring Person effects certain other transactions with the Company, as
described in the Rights Agreement, or (iii) during such time as there is an
Acquiring Person, there shall be any reclassification of securities or
recapitalization or reorganization of the Company which has the effect of
increasing by more than 1% the proportionate share of the outstanding shares of
any class of equity securities of the Company or any of its subsidiaries
beneficially owned by the Acquiring Person, proper provision shall be made so
that each holder of a Right, other than Rights that are or were owned
beneficially by the Acquiring Person (which, from and after the later of the
Distribution Date and the date of the earliest of any such events, will be
void), will thereafter have the right to receive, upon exercise thereof at the
then current exercise price of the Right, that number of Common Shares (or,
under certain circumstances, an economically equivalent security or securities
of the Company) having a market value of two times the exercise price of the
Right.

To illustrate the operation of such an adjustment, at a Purchase Price
of $185.00, assuming the current market price (as determined pursuant to the
provisions of the Rights Agreement) per Common Share were $46.25, each Right
not owned beneficially by an Acquiring Person at or after the time of such an
occurrence would entitle its holder to purchase (after the Distribution Date)
from the Company eight (8) Common Shares (having a market value of $370.00) for
$185.00.

3
<PAGE> 4

limitation securities creating obligations of the Company, are sold, proper
provision shall be made so that each holder of a Right will thereafter have the
right to receive, upon the exercise thereof at the then current exercise price
of the Right, that number of shares of common stock (or, under certain
circumstances, an economically equivalent security or securities) of such other
person which at the time of such transaction would have a market value of two
times the exercise price of the Right.

At any time after the later of the Distribution Date and the first
occurrence of a Flip-in Event or Flip-over Event and prior to the acquisition
by any person or group of affiliated or associated persons of 50% or more of
the outstanding Common Shares, the Board of Directors of the Company may
exchange the Rights (other than any Rights which have become void), in whole or
in part, at an exchange ratio of one Common Share per Right (subject to
adjustment).

With certain exceptions, no adjustment in the Purchase Price will be
required until cumulative adjustments require an adjustment in the Purchase
Price of at least 1%. The Company is not required to issue fractional Common
Shares or other securities issuable upon the exercise of Rights. In lieu of
issuing such securities, the Company may make a cash payment, as provided in
the Rights Agreement.

The Company may redeem the Rights in whole, but not in part, at a
price of $0.01 per Right (the "Redemption Price"), at any time prior to the
close of business on the later of (i) the Distribution Date and (ii) the first
date of public announcement that a person has become an Acquiring Person.
Immediately upon any redemption of the Rights, the right to exercise the Rights
will terminate and the only right of the holders of Rights will be to receive
the Redemption Price.

The Rights Agreement may be amended by the Company without the
approval of any holders of Right Certificates, including amendments which add
other events requiring adjustment to the purchase price payable and the number
of Common Shares or other securities issuable upon the exercise of the Rights
or which modify procedures relating to the redemption of the Rights, provided
that no amendment may be made at such time as the Rights are not then
redeemable which decreases the stated Redemption Price or the period of time
remaining until the Final Expiration Date or which modifies a time period
relating to when the Rights may be redeemed.

The Rights have certain anti-takeover effects. The Rights will cause
substantial dilution to a person or group that attempts to acquire the Company
on terms not approved by the Board of Directors, except pursuant to an offer
conditioned on a substantial number of Rights being acquired. The Rights
should not interfere with any merger or other business combination approved by
the Board of Directors since (subject to the limitations described above) the
Rights may be redeemed by the Company at the Redemption Price prior to the time
that the Rights would otherwise become exercisable, or if later, the time that
a person or group has become an Acquiring Person.

4
<PAGE> 5

The Rights Agreement, which includes the form of Right Certificate as
an exhibit thereto, and the forms of press release and letter to shareholders
announcing the declaration of the dividend distribution of the Rights are
attached hereto as exhibits and are incorporated herein by this reference. The
foregoing description of the Rights does not purport to be complete and is
qualified in its entirety by reference to such exhibits.

ITEM 2. Exhibits.

99.1 Form of Right Certificate (Exhibit A to the Rights Agreement
filed as Exhibit 99.2 hereto).

99.2 Rights Agreement.

99.3 Summary of Rights to Purchase Common Shares (Exhibit B to the
Rights Agreement filed as Exhibit 99.2 hereto).

99.4 Form of press release dated October 25, 1995.

99.5 Form of letter to shareholders dated November 6, 1995.

99.6 Power of Attorney and resolutions authorizing Power of
Attorney.

5
<PAGE> 6

SIGNATURE

Pursuant to the requirements of Section 12 of the Securities Exchange
Act of 1934, the registrant has duly caused this registration statement to be
signed on its behalf by the undersigned, thereto duly authorized.

EQUIFAX INC.

By /s/ C.B. Rogers, Jr.
--------------------------------
C. B. Rogers, Jr.
Chairman and
Chief Executive Officer

Dated: November 2, 1995
-----------------

6
<PAGE> 7

INDEX TO EXHIBITS

<TABLE>
<CAPTION>
Exhibit
Number Exhibit
- ------- -------
<S> <C>
99.1 Form of Right Certificate
(Exhibit A to the Rights
Agreement filed as
Exhibit 99.2 hereto).

99.2 Rights Agreement.

99.3 Summary of Rights to Purchase
Common Shares (Exhibit B
to the Rights Agreement filed
as Exhibit 99.22 hereto).

99.4 Form of press release
dated October 25, 1995.

99.5 Form of letter to shareholders
dated November 6, 1995.

99.6 Power of Attorney and resolutions
authorizing Power of Attorney.
</TABLE>

<PAGE> 1

EXHIBIT 99.1

Form of Right Certificate (Exhibit A to
the Rights Agreement filed as Exhibit 99.2 hereto)

<PAGE> 1

EXHIBIT 99.2

Rights Agreement
<PAGE> 2

EXHIBIT 99.2

================================================================================

EQUIFAX INC.

and

SUNTRUST BANK, ATLANTA

RIGHTS AGREEMENT

Dated as of October 25, 1995

================================================================================
<PAGE> 3

TABLE OF CONTENTS

<TABLE>
<CAPTION>
Page
----
<S> <C>
RECITALS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
- --------

Section 1. Certain Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Section 2. Appointment of Rights Agent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Section 3. Issue of Right Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Section 4. Form of Right Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Section 5. Countersignature and Registration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Section 6. Transfer, Split Up, Combination and Exchange of Right Certificates; Mutilated, Destroyed,
Lost or Stolen Right Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Section 7. Exercise of Rights; Purchase Price; Expiration Date of Rights . . . . . . . . . . . . . . . . . 11

Section 8. Cancellation and Destruction of Right Certificates . . . . . . . . . . . . . . . . . . . . . . 14

Section 9. Company Covenants Concerning Securities and Rights . . . . . . . . . . . . . . . . . . . . . . 14

Section 10. Record Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Section 11. Adjustment of Purchase Price, Number and Kind of Securities or Number of Rights . . . . . . . . 17

Section 12. Certificate of Adjusted Purchase Price or Number of Securities . . . . . . . . . . . . . . . . 29

Section 13. Consolidation, Merger or Sale or Transfer of Assets or Earning Power . . . . . . . . . . . . . 29

Section 14. Fractional Rights and Fractional Securities . . . . . . . . . . . . . . . . . . . . . . . . . . 33

Section 15. Rights of Action . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

Section 16. Agreement of Rights Holders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

Section 17. Right Certificate Holder Not Deemed a Shareholder . . . . . . . . . . . . . . . . . . . . . . . 36

Section 18. Concerning the Rights Agent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
</TABLE>

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<PAGE> 4

<TABLE>
<S> <C> <C>
Section 19. Merger or Consolidation or Change of Name of Rights Agent . . . . . . . . . . . . . . . . . . . 37

Section 20. Duties of Rights Agent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

Section 21. Change of Rights Agent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

Section 22. Issuance of New Right Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

Section 23. Redemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

Section 24. Notice of Certain Events . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

Section 25. Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45

Section 26. Supplements and Amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46

Section 27. Exchange . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47

Section 28. Successors; Certain Covenants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49

Section 29. Benefits of this Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49

Section 30. Severability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49

Section 31. Governing Law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49

Section 32. Counterparts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50

Section 33. Descriptive Headings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50

Exhibit A Form of Right Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A-1

Exhibit B Summary of Rights to Purchase Common Shares . . . . . . . . . . . . . . . . . . . . . . . . . . B-1
</TABLE>

- iii -
<PAGE> 5

RIGHTS AGREEMENT

This RIGHTS AGREEMENT, dated as of October 25, 1995 (this
"Agreement"), is made and entered into by and between Equifax Inc., a Georgia
corporation (the "Company"), and SunTrust Bank, Atlanta, a Georgia banking
corporation (the "Rights Agent").

RECITALS

WHEREAS, on October 25, 1995, the Board of Directors of the Company
authorized and declared a dividend distribution of one right ("Right") for each
share of Common Stock, par value $2.50 per share, of the Company (a "Common
Share") outstanding as of the Close of Business (as hereinafter defined) on
November 6, 1995, (the "Record Date"), each Right initially representing the
right to purchase one Common Share, upon the terms and subject to the
conditions herein set forth, and further authorized and directed the issuance
of one Right with respect to each Common Share issued or delivered by the
Company (whether originally issued or delivered from the Company's treasury)
after the Record Date but prior to the earlier of the Distribution Date (as
hereinafter defined) and the Expiration Date (as hereinafter defined).

NOW THEREFORE, in consideration of the premises and the mutual
agreements herein set forth, the parties hereby agree as follows:

Section 1. Certain Definitions. For purposes of this Agreement,
the following terms shall have the meanings indicated:

(a) "Acquiring Person" shall mean any Person (other than the
Company or any Subsidiary of the Company or any employee benefit or stock
ownership plan of the Company or of any Subsidiary of the Company or any entity
holding Common Shares for or pursuant to the terms of any such plan) who or
which, together with all Affiliates and Associates of such Person, shall
<PAGE> 6

be the Beneficial Owner of 15% or more of the Common Shares then outstanding;
provided, however, that a Person shall not be deemed to have become an
Acquiring Person solely as a result of a reduction in the number of Common
Shares outstanding unless and until (i) such time as such Person or any
Affiliate or Associate of such Person shall thereafter become the Beneficial
Owner of any additional Common Shares, other than as a result of a stock
dividend, stock split or similar transaction effected by the Company in which
all holders of Common Shares are treated equally, or (ii) any other Person who
is the Beneficial Owner of any Common Shares shall thereafter become an
Affiliate or Associate of such Person.

(b) "Affiliate" and "Associate" shall have the respective meanings
ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under
the Exchange Act, as in effect on the date of this Agreement.

(i) which such Person or any of such Person's Affiliates
or Associates, directly or indirectly, has the right to acquire
(whether such right is exercisable immediately or only after the
passage of time) pursuant to any agreement, arrangement or
understanding (whether or not in writing), or upon the exercise of
conversion rights, exchange rights, rights, warrants or options, or
otherwise (in each case, other than upon exercise or exchange of the
Rights); provided, however, that a Person shall not be deemed the
Beneficial Owner of, or to beneficially own, securities tendered
pursuant to a tender or exchange offer made by or on behalf of such
Person or any of such Person's Affiliates or Associates until such
tendered securities are accepted for purchase or exchange; or

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<PAGE> 7

(ii) which such Person or any of such Person's Affiliates
or Associates, directly or indirectly, has the right to vote or
dispose of, including pursuant to any agreement, arrangement or
understanding (whether or not in writing); or

(iii) of which any other Person is the Beneficial Owner,
if such Person or any of such Person's Affiliates or Associates has
any agreement, arrangement or understanding (whether or not in
writing) with such other Person (or any of such other Person's
Affiliates or Associates) with respect to acquiring, holding, voting
or disposing of any securities of the Company;

provided, however, that a Person shall not be deemed the Beneficial Owner of,
or to beneficially own, any security (A) if such Person has the right to vote
such security pursuant to an agreement, arrangement or understanding (whether
or not in writing) which (1) arises solely from a revocable proxy given to such
Person in response to a public proxy or consent solicitation made pursuant to,
and in accordance with, the applicable rules and regulations of the Exchange
Act and (2) is not also then reportable on Schedule 13D under the Exchange Act
(or any comparable or successor report), or (B) if such beneficial ownership
arises solely as a result of such Person's status as a "clearing agency", as
defined in Section 3(a)(23) of the Exchange Act; and provided, further, that
nothing in this paragraph (c) shall cause a Person engaged in business as an
underwriter of securities to be the Beneficial Owner of, or to beneficially
own, any securities acquired through such Person's participation in good faith
in an underwriting syndicate until the expiration of 40 calendar days after the
date of such acquisition, or such later date as the Board of Directors of the
Company may determine in any specific case.

(d) "Business Day" shall mean any day other than a Saturday,
Sunday or a day on which banking institutions in the State of Georgia (or such
other state in which the principal office of the Rights Agent is located) are
authorized or obligated by law or executive order to close.

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<PAGE> 8

(e) "Close of Business" on any given date shall mean 5:00 P.M.,
Eastern time, on such date; provided, however, that if such date is not a
Business Day it shall mean 5:00 P.M., Eastern time, on the next succeeding
Business Day.

(f) "Common Shares" when used with reference to the Company shall
mean the Common Stock, par value $2.50 per share (and following the amendment
to the Articles of Incorporation contemplated to become effective November 24,
1995, $1.25 per share, or as such par value may be amended in the future), of
the Company; provided, however, that, if the Company is the continuing or
surviving corporation in a transaction described in Section 11(a)(ii) or
Section 13(a)(ii) hereof, "Common Shares" when used with reference to the
Company shall mean the capital stock or equity security with the greatest
aggregate voting power of the Company. "Common Shares" when used with
reference to any corporation or other legal entity, other than the Company,
including an Issuer, shall mean the capital stock or equity security with the
greatest aggregate voting power of such corporation or other legal entity.

(g) "Company" shall mean Equifax Inc., a Georgia corporation.

(h) "Distribution Date" shall mean the earliest of: (i) the Close
of Business on the tenth calendar day (or, unless the Distribution Date shall
have previously occurred, such later date as may be specified by the Board of
Directors of the Company) after the Share Acquisition Date, (ii) the Close of
Business on the tenth Business Day (or, unless the Distribution Date shall have
previously occurred, such later date as may be specified by the Board of
Directors of the Company) after the date of the commencement of a tender or
exchange offer by any Person (other than the Company or any Subsidiary of the
Company or any employee benefit or stock ownership plan of the Company or of
any Subsidiary of the Company or any entity holding Common Shares for or
pursuant to the terms of any such plan), if upon the consummation thereof such
Person would be the Beneficial Owner of 15% or more of the outstanding Common
Shares, and (iii) the

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<PAGE> 9

Close of Business on the tenth calendar day after the first date of public
announcement by the Company or an Acquiring Person (by press release, filing
made with the Securities and Exchange Commission or otherwise) of the first
occurrence of a Triggering Event; provided, however, that if the earliest of
such dates would otherwise occur prior to the Record Date, the Distribution
Date shall mean the Close of Business on the Record Date.

(i) "Exchange Act" shall mean the Securities Exchange Act of 1934,
as amended.

(j) "Expiration Date" shall mean the earliest of (i) the Close of
Business on the Final Expiration Date, (ii) the time at which the Rights are
redeemed as provided in Section 23 hereof, and (iii) the time at which all
exercisable Rights are exchanged as provided in Section 27 hereof.

(k) "Final Expiration Date" shall mean the tenth anniversary of
the Record Date.

(l) "Flip-in Event" shall mean any event described in clauses (A),
(B) or (C) of Section 11(a)(ii) hereof.

(m) "Flip-over Event" shall mean any event described in
subsections (i), (ii) or (iii) of Section 13(a) hereof.

(n) "Issuer" shall have the meaning set forth in Section 13(b)
hereof.

(o) "NASDAQ" shall mean the National Association of Securities
Dealers, Inc. Automated Quotation System.

(p) "Person" shall mean any individual, firm, corporation,
partnership or other legal entity, and shall include any successor (by merger
or otherwise) of such entity.

(q) "Purchase Price" shall mean initially $185.00 per Common Share
and shall be automatically adjusted to $92.50 per Common Share upon the
two-for-one stock split of the Common Shares contemplated to become effective
as of November 24, 1995, and shall be subject to further adjustment from time
to time as provided in this Agreement.

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<PAGE> 10

(r) "Redemption Price" shall mean $0.01 per Right, subject to
adjustment by resolution of the Board of Directors of the Company to reflect
any stock split, stock dividend or similar transaction occurring after the date
hereof.

(s) "Right" shall have the meaning set forth in the Recitals to
this Agreement.

(t) "Right Certificates" shall mean certificates evidencing the
Rights, in substantially the form of Exhibit A attached hereto.

(u) "Rights Agent" shall mean SunTrust Bank, Atlanta, unless and
until a successor Rights Agent shall have become such pursuant to the terms of
this Agreement, and thereafter, "Rights Agent" shall mean such successor Rights
Agent.

(v) "Securities Act" shall mean the Securities Act of 1933, as
amended.

(w) "Share Acquisition Date" shall mean the first date of public
announcement by the Company or an Acquiring Person (by press release, filing
made with the Securities and Exchange Commission or otherwise) that an
Acquiring Person has become such.

(x) "Subsidiary" when used with reference to any Person shall mean
any corporation or other legal entity of which a majority of the voting power
of the voting equity securities or equity interests is owned, directly or
indirectly, by such Person; provided, however, that for purposes of Section
13(b) hereof, "Subsidiary" when used with reference to any Person shall mean
any corporation or other legal entity of which at least 20% of the voting power
of the voting equity securities or equity interests is owned, directly or
indirectly, by such Person.

(y) "Summary of Rights to Purchase Common Shares" shall mean the
Summary of Rights to Purchase Common Shares, in substantially the form of
Exhibit B attached hereto.

(z) "Trading Day" shall mean any day on which the principal
national securities exchange on which the Common Shares are listed or admitted
to trading is open for the transaction

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<PAGE> 11

of business or, if the Common Shares are not listed or admitted to trading on
any national securities exchange, a Business Day.

(aa) "Triggering Event" shall mean any Flip-in Event or Flip-over
Event.

Section 2. Appointment of Rights Agent. The Company hereby
appoints the Rights Agent to act as agent for the Company and the holders of
the Rights (who, in accordance with Section 3 hereof, shall also be, prior to
the Distribution Date, the holders of the Common Shares) in accordance with the
terms and conditions hereof, and the Rights Agent hereby accepts such
appointment and hereby certifies that it complies with the requirements of the
New York Stock Exchange governing transfer agents and registrars. The Company
may from time to time act as Co-Rights Agent or appoint such Co-Rights Agents
as it may deem necessary or desirable. Any actions which may be taken by the
Rights Agent pursuant to the terms of this Agreement may be taken by any such
Co-Rights Agent. To the extent that any Co-Rights Agent takes any action
pursuant to this Agreement, such Co-Rights Agent shall be entitled to all of
the rights and protections of, and subject to all of the applicable duties and
obligations imposed upon, the Rights Agent pursuant to the terms of this
Agreement.

Section 3. Issue of Right Certificates.

(a) Until the Distribution Date, (i) the Rights shall be evidenced
by the certificates representing Common Shares registered in the names of the
record holders thereof (which certificates representing Common Shares shall
also be deemed to be Right Certificates), together with a copy of the Summary
of Rights, (ii) the Rights shall be transferable only in connection with the
transfer of the underlying Common Shares, and (iii) the surrender for transfer
of any certificates evidencing Common Shares in respect of which Rights have
been issued, with or without a copy of the Summary of Rights, shall also
constitute the transfer of the Rights associated with the Common Shares
evidenced by such certificates.

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<PAGE> 12

(b) As promptly as practicable after the Record Date, the Company
shall send a copy of the Summary of Rights by first-class, postage prepaid
mail, to each record holder of Common Shares as of the close of business on the
Record Date, at the address of such holder shown on the records of the Company
as of such date.

(c) Rights shall be issued by the Company in respect of all Common
Shares (other than Common Shares issued upon the exercise or exchange of any
Right) issued or delivered by the Company (whether originally issued or
delivered from the Company's treasury) after the Record Date but prior to the
earlier of the Distribution Date and the Expiration Date. Certificates
evidencing such Common Shares shall have stamped on, impressed on, printed on,
written on or otherwise affixed to them the following legend or such similar
legend as the Company may deem appropriate and as is not inconsistent with the
provisions of this Agreement, or as may be required to comply with any
applicable law or with any rule or regulation made pursuant thereto or with any
rule or regulation of any stock exchange or transaction reporting system on
which the Common Shares may from time to time be listed or quoted, or to
conform to usage:

This Certificate also evidences and entitles the holder hereof to
certain Rights as set forth in a Rights Agreement between Equifax Inc.
and SunTrust Bank, Atlanta, dated as of October 25, 1995 (the "Rights
Agreement"), the terms of which are hereby incorporated herein by
reference and a copy of which is on file at the principal executive
offices of Equifax Inc.. Under certain circumstances, as set forth in
the Rights Agreement, such Rights may be redeemed, may expire, may be
amended or may be evidenced by separate certificates and no longer be
evidenced by this Certificate. Equifax Inc. will mail to the holder
of this Certificate a copy of the Rights Agreement without charge
promptly after receipt of a written request therefor. Under certain
circumstances as set forth in the Rights Agreement, Rights
beneficially owned by an Acquiring Person or any Affiliate or
Associate of an Acquiring Person (as such terms are defined in the
Rights Agreement) may become null and void.

(d) As promptly as practicable after the Distribution Date, the
Company shall prepare and execute, the Rights Agent will countersign and the
Company shall send or cause to be sent (and the Rights Agent shall, if
requested, send), by first-class, insured, postage prepaid mail, to

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<PAGE> 13

each record holder of Common Shares as of the Close of Business on the
Distribution Date, at the address of such holder shown on the records of the
Company, a Right Certificate, evidencing one Right for each Common Share so
held, subject to adjustment. As of and after the Distribution Date, the Rights
shall be evidenced solely by such Right Certificates.

Section 4. Form of Right Certificates. The Right Certificates
(and the form of election to purchase and form of assignment to be printed on
the reverse thereof) shall be substantially in the form set forth as Exhibit A
hereto with such changes, marks of identification or designation and such
legends, summaries or endorsements printed thereon as the Company may deem
appropriate and as are not inconsistent with the provisions of this Agreement,
or as may be required to comply with any applicable law or with any rule or
regulation made pursuant thereto or with any rule or regulation of any stock
exchange or transaction reporting system on which the Rights may from time to
time be listed or quoted, or to conform to usage. Subject to the provisions of
Section 22 hereof, the Right Certificates, whenever issued, on their face shall
entitle the holders thereof to purchase such number of Common Shares as shall
be set forth therein at the Purchase Price set forth therein, but the Purchase
Price, the number and kind of securities issuable upon exercise of each Right
and the number of Rights outstanding shall be subject to adjustment as provided
herein.

Section 5. Countersignature and Registration.

(a) The Right Certificates shall be executed on behalf of the
Company by its Chairman of the Board, President or any Vice President, either
manually or by facsimile signature, and shall have affixed thereto the
Company's seal or a facsimile thereof which shall be attested by the Secretary
or an Assistant Secretary of the Company, either manually or by facsimile
signature. The Right Certificates shall be manually countersigned by the
Rights Agent and shall not be valid for any purpose unless so countersigned.
In case any officer of the Company who shall have

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<PAGE> 14

signed any of the Right Certificates shall cease to be such officer of the
Company before countersignature by the Rights Agent and issuance and delivery
by the Company, such Right Certificates, nevertheless, may be countersigned by
the Rights Agent, and issued and delivered by the Company with the same force
and effect as though the person who signed such Right Certificates had not
ceased to be such officer of the Company; and any Right Certificate may be
signed on behalf of the Company by any person who, at the actual date of the
execution of such Right Certificate, shall be a proper officer of the Company
to sign such Right Certificate, although at the date of the execution of this
Rights Agreement any such person was not such an officer.

(b) Following the Distribution Date, the Rights Agent shall keep
or cause to be kept, at the principal office of the Rights Agent designated for
such purpose and at such other offices as may be required to comply with any
applicable law or with any rule or regulation made pursuant thereto or with any
rule or regulation of any stock exchange or any transaction reporting system on
which the Rights may from time to time be listed or quoted, books for
registration and transfer of the Right Certificates issued hereunder. Such
books shall show the names and addresses of the respective holders of the Right
Certificates, the number of Rights evidenced on its face by each of the Right
Certificates and the date of each of the Right Certificates.

Section 6. Transfer, Split Up, Combination and Exchange of Right
Certificates; Mutilated, Destroyed, Lost or Stolen Right Certificates.

(a) Subject to the provisions of Sections 7(d) and 14 hereof, at
any time after the Close of Business on the Distribution Date and prior to the
Expiration Date, any Right Certificate or Right Certificates representing
exercisable Rights may be transferred, split up, combined or exchanged for
another Right Certificate or Right Certificates, entitling the registered
holder to purchase a like number of Common Shares (or other securities, as the
case may be) as the Right Certificate or Right Certificates surrendered then
entitled such holder (or former holder in the case

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<PAGE> 15

of a transfer) to purchase. Any registered holder desiring to transfer, split
up, combine or exchange any such Right Certificate shall make such request in
writing delivered to the Rights Agent, and shall surrender the Right
Certificate or Right Certificates to be transferred, split up, combined or
exchanged at the principal office of the Rights Agent designated for such
purpose. Thereupon or as promptly as practicable thereafter, subject to the
provisions of Sections 7(d) and 14 hereof, the Company shall prepare, execute
and deliver to the Rights Agent, and the Rights Agent shall countersign and
deliver a Right Certificate or Right Certificates, as the case may be, as so
requested. The Company may require payment of a sum sufficient to cover any
tax or governmental charge that may be imposed in connection with any transfer,
split up, combination or exchange of Right Certificates.

(b) Upon receipt by the Company and the Rights Agent of evidence
reasonably satisfactory to them of the loss, theft, destruction or mutilation
of a Right Certificate, and, in case of loss, theft or destruction, of
indemnity or security reasonably satisfactory to them, and reimbursement to the
Company and the Rights Agent of all reasonable expenses incidental thereto, and
upon surrender to the Rights Agent and cancellation of the Right Certificate if
mutilated, the Company shall prepare, execute and deliver a new Right
Certificate of like tenor to the Rights Agent and the Rights Agent shall
countersign and deliver such new Right Certificate to the registered holder in
lieu of the Right Certificate so lost, stolen, destroyed or mutilated.

Section 7. Exercise of Rights; Purchase Price; Expiration Date
of Rights.

(a) The registered holder of any Right Certificate may exercise
the Rights evidenced thereby (except as otherwise provided herein) in whole or
in part at any time after the Distribution Date and prior to the Expiration
Date, upon surrender of the Right Certificate, with the form of election to
purchase on the reverse side thereof duly executed, to the Rights Agent at the
office or offices of the Rights Agent designated for such purpose, together
with payment in cash, in lawful

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<PAGE> 16

money of the United States of America by certified check or bank draft payable
to the order of the Company equal to the sum of (i) the exercise price for the
total number of securities as to which such surrendered Rights are exercised
and (ii) an amount equal to any applicable transfer tax required to be paid by
the holder of such Right Certificate in accordance with the provisions of
Section 9 hereof. In lieu of the cash payment referred to in the immediately
preceding sentence, following the occurrence of a Triggering Event the
registered holder of a Right Certificate may exercise the Rights evidenced
thereby (except as otherwise provided herein) in whole or in part upon
surrender of the Right Certificate as described above together with an election
to exercise such Rights without payment of cash on the reverse side thereof
duly completed. With respect to any Rights as to which such an election is
made, the holder shall receive a number of Common Shares or other securities
having a value equal to the difference between (i) the value of the Common
Shares or other securities that would have been issuable upon payment of the
cash amount as described above, and (ii) the amount of such cash payment. For
purposes of this Section 7(a), the value of any Common Share or other security
shall be the current per share market price of a Common Share (determined
pursuant to Section 11(d) hereof) on the Trading Day immediately preceding the
date of the first occurrence of a Triggering Event.

(b) Upon receipt of a Right Certificate representing exercisable
Rights with the form of election to purchase duly executed, accompanied by
either payment as described above or a duly completed election to exercise
without payment of cash, the Rights Agent shall promptly (i) requisition from
any transfer agent of the Common Shares (or make available, if the Rights Agent
is the transfer agent) certificates representing the number of Common Shares to
be purchased (and the Company hereby irrevocably authorizes and directs its
transfer agent to comply with all such requests), (ii) after receipt of such
certificates, cause the same to be delivered to or upon the order of the
registered holder of such Right Certificate, registered in such name or names
as may be

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<PAGE> 17

designated by such holder, (iii) when appropriate, requisition from the Company
or any transfer agent therefor (or make available, if the Rights Agent is the
transfer agent) certificates representing the number of equivalent common
shares to be issued in lieu of the issuance of Common Shares in accordance with
the provisions of Section 11(a)(iii) hereof, (iv) when appropriate, after
receipt of such certificates, cause the same to be delivered to or upon the
order of the registered holder of such Right Certificate, registered in such
name or names as may be designated by such holder, (v) when appropriate,
requisition from the Company the amount of cash to be paid in lieu of the
issuance of fractional shares in accordance with the provisions of Section 14
hereof or in lieu of the issuance of Common Shares in accordance with the
provisions of Section 11(a)(iii) hereof, (vi) when appropriate, after receipt,
deliver such cash to or upon the order of the registered holder of such Right
Certificate, and (vii) when appropriate, deliver any due bill or other
instrument provided to the Rights Agent by the Company for delivery to the
registered holder of such Right Certificate as provided by Section 11(l)
hereof.

(c) In case the registered holder of any Right Certificate shall
exercise less than all the Rights evidenced thereby, the Company shall prepare,
execute and deliver a new Right Certificate evidencing Rights equivalent to the
Rights remaining unexercised and the Rights Agent shall countersign and deliver
such new Right Certificate to the registered holder of such Right Certificate
or to his duly authorized assigns, subject to the provisions of Section 14
hereof.

(d) Notwithstanding anything in this Agreement to the contrary,
neither the Rights Agent nor the Company shall be obligated to undertake any
action with respect to any purported transfer, split up, combination or
exchange of any Right Certificate pursuant to Section 6 hereof or exercise of a
Right Certificate as set forth in this Section 7 unless the registered holder
of such Right Certificate shall have (i) completed and signed the certificate
following the form of assignment or form of election to purchase, as
applicable, set forth on the reverse side of the Right

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<PAGE> 18

Certificate surrendered for such transfer, split up, combination, exchange or
exercise, and (ii) provided such additional evidence of the identity of the
Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates
thereof as the Company shall have reasonably requested.

Section 8. Cancellation and Destruction of Right Certificates.
All Right Certificates surrendered for the purpose of exercise, transfer, split
up, combination or exchange shall, if surrendered to the Company or to any of
its stock transfer agents, be delivered to the Rights Agent for cancellation or
in cancelled form, or, if surrendered to the Rights Agent, shall be cancelled
by it, and no Right Certificates shall be issued in lieu thereof except as
expressly permitted by this Agreement. The Company shall deliver to the Rights
Agent for cancellation and retirement, and the Rights Agent shall so cancel and
retire, any other Right Certificate purchased or acquired by the Company
otherwise than upon the exercise thereof. The Rights Agent shall deliver all
cancelled Right Certificates to the Company, or shall, at the written request
of the Company, destroy such cancelled Right Certificates, and in such case
shall deliver a certificate of destruction thereof to the Company.

Section 9. Company Covenants Concerning Securities and Rights.
The Company covenants and agrees that:

(a) So long as the Common Shares issuable upon the exercise of the
Rights may be listed on a national securities exchange, it shall endeavor to
cause, from and after such time as the Rights become exercisable, all
securities reserved for issuance upon the exercise of Rights to be listed on
such exchange upon official notice of issuance.

(b) It shall take all such action as may be necessary to ensure
that all Common Shares and/or other securities delivered upon exercise of
Rights, at the time of delivery of the certificates for such securities shall
be (subject to payment of the Purchase Price) duly and validly authorized and
issued, fully paid and nonassessable securities.

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<PAGE> 19

(c) It shall pay when due and payable any and all federal and
state transfer taxes and charges that may be payable in respect of the issuance
or delivery of the Right Certificates and of any certificates representing
securities issued upon the exercise of Rights; provided, however, that the
Company shall not be required to pay any transfer tax or charge which may be
payable in respect of any transfer or delivery of Right Certificates to a
person other than, or the issuance or delivery of certificates representing
securities issued upon the exercise of Rights in a name other than that of, the
registered holder of the Right Certificate evidencing Rights surrendered for
exercise, or to issue or deliver any certificates representing securities
issued upon the exercise of any Rights until any such tax or charge shall have
been paid (any such tax or charge being payable by the holder of such Right
Certificate at the time of surrender) or until it has been established to the
Company's reasonable satisfaction that no such tax is due.

(d) It shall use its best efforts (i) to file on an appropriate
form, as soon as practicable following the later of the first occurrence of a
Triggering Event or the Distribution Date, a registration statement under the
Securities Act with respect to the securities issuable upon exercise of the
Rights, (ii) to cause such registration statement to become effective as soon
as practicable after such filing, and (iii) to cause such registration
statement to remain effective (with a prospectus at all times meeting the
requirements of the Act) until the earlier of (A) the date as of which the
Rights are no longer exercisable for such securities and (B) the Expiration
Date. The Company shall also take such action as may be appropriate under, or
to ensure compliance with, the securities or "blue sky" laws of the various
states in connection with the exercisability of the Rights. The Company may
temporarily suspend, for a period of time after the date set forth in clause
(i) of the first sentence of this Section 9(d), the exercisability of the
Rights in order to prepare and file such registration statement and to permit
it to become effective. Upon any such suspension, the Company shall issue a
public announcement stating that the exercisability of the

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<PAGE> 20

Rights has been temporarily suspended, as well as a public announcement at such
time as the suspension is no longer in effect. In addition, if the Company
shall determine that a registration statement should be filed under the
Securities Act or any state securities laws following the Distribution Date,
the Company may temporarily suspend the exercisability of the Rights in each
relevant jurisdiction until such time as a registration statement has been
declared effective and, upon any such suspension, the Company shall issue a
public announcement stating that the exercisability of the Rights has been
temporarily suspended, as well as a public announcement at such time as the
suspension is no longer in effect. Notwithstanding anything in this Agreement
to the contrary, the Rights shall not be exercisable in any jurisdiction if the
requisite registration or qualification in such jurisdiction shall not have
been effected or the exercise of the Rights shall not be permitted under
applicable law.

(e) Notwithstanding anything in this Agreement to the contrary,
after the Distribution Date it shall not, except as permitted by Section 23 or
Section 26 hereof, take (or permit any Subsidiary to take) any action if at the
time such action is taken it is reasonably foreseeable that such action will
eliminate or otherwise diminish the benefits intended to be afforded by the
Rights.

(f) In the event that the Company is obligated to issue other
securities of the Company and/or pay cash pursuant to Sections 11, 13 or 14
hereof, it shall make all arrangements necessary so that such other securities
and/or cash are available for distribution by the Rights Agent, if and when
appropriate.

Section 10. Record Date. Each Person in whose name any
certificate representing Common Shares is issued upon the exercise of Rights
shall for all purposes be deemed to have become the holder of record of the
Common Shares represented thereby on, and such certificate shall be dated, the
date upon which the Right Certificate evidencing such Rights was duly
surrendered and payment of the Purchase Price (and all applicable transfer
taxes) was made;

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<PAGE> 21

provided, however, that if the date of such surrender and payment is a date
upon which the Common Shares transfer books of the Company are closed, such
Person shall be deemed to have become the record holder of such securities on,
and such certificate shall be dated, the next succeeding Business Day on which
the Common Shares transfer books of the Company are open. Prior to the
exercise of the Rights evidenced thereby, the holder of a Right Certificate
shall not be entitled to any rights of a shareholder of the Company with
respect to securities for which the Rights shall be exercisable, including,
without limitation, the right to vote, to receive dividends or other
distributions or to exercise any preemptive rights, and shall not be entitled
to receive any notice of any proceedings of the Company, except as provided
herein.

Section 11. Adjustment of Purchase Price, Number and Kind of
Securities or Number of Rights. The Purchase Price, the number and kind of
securities issuable upon exercise of each Right and the number of Rights
outstanding are subject to adjustment from time to time as provided in this
Section 11.

(a) (i) In the event that the Company shall at any time after the
date of this Agreement (A) effect a dividend on the Common Shares payable in
Common Shares, (B) subdivide the outstanding Common Shares, (C) combine the
outstanding Common Shares into a smaller number of shares or (D) issue any
shares of its capital stock in a reclassification of the Common Shares
(including any such reclassification in connection with a consolidation or
merger in which the Company is the continuing or surviving corporation), the
Purchase Price in effect at the time of the record date for such dividend or of
the effective date of such subdivision, combination or reclassification, and/or
the number and/or kind of shares of capital stock issuable on such date upon
exercise of a Right, shall be proportionately adjusted so that the holder of
any Right exercised after such time shall be entitled to receive upon payment
of the Purchase Price then in effect the aggregate number and kind of shares of
capital stock which, if such Right had been

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<PAGE> 22

exercised immediately prior to such date and at a time when the Common Shares
transfer books of the Company were open, the holder of such Right would have
owned upon such exercise and been entitled to receive by virtue of such
dividend, subdivision, combination or reclassification. If an event occurs
which would require an adjustment under both this Section 11(a)(i) and Section
11(a)(ii) hereof or Section 13 hereof, the adjustment provided for in this
Section 11(a)(i) shall be in addition to, and shall be made prior to, any
adjustment required pursuant to Section 11(a)(ii) or Section 13 hereof.

(ii) Subject to the provisions of Section 27 hereof, in
the event that:

(A) any Acquiring Person or any Affiliate or
Associate of any Acquiring Person, at any time after the date of this
Agreement, directly or indirectly, shall (1) merge into the Company or
otherwise combine with the Company and the Company shall be the
continuing or surviving corporation of such merger or combination
(other than in a transaction subject to Section 13 hereof), (2) merge
or otherwise combine with any Subsidiary of the Company, (3) in one or
more transactions (other than in connection with the exercise or
exchange of Rights or the exercise or conversion of securities
exercisable for or convertible into shares of any class of capital
stock of the Company or any of its Subsidiaries) transfer any assets
to the Company or any of its Subsidiaries in exchange (in whole or in
part) for shares of any class of capital stock of the Company or any
of its Subsidiaries or for securities exercisable for or convertible
into shares of any class of capital stock of the Company or any of its
Subsidiaries, or otherwise obtain from the Company or any of its
Subsidiaries, with or without consideration, any additional shares of
any class of capital stock of the Company or any of its Subsidiaries
or securities exercisable for or convertible into shares of any class
of capital stock of the Company or any of its Subsidiaries (other than
as part of a pro rata distribution to all holders of such

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<PAGE> 23

shares of any class of capital stock of the Company, or any of its
Subsidiaries), (4) sell, purchase, lease, exchange, mortgage, pledge,
transfer or otherwise dispose (in one or more transactions), to, from,
with or of, as the case may be, the Company or any of its Subsidiaries
(other than in a transaction subject to Section 13 hereof ), assets,
including securities, on terms and conditions less favorable to the
Company than the Company would be able to obtain in arm's-length
negotiation with an unaffiliated third party, (5) receive any
compensation from the Company or any of its Subsidiaries other than
compensation as a director or for full-time employment as a regular
employee, in either case, at rates in accordance with the Company's
(or its Subsidiaries') past practices, or (6) receive the benefit,
directly or indirectly (except proportionately as a shareholder), of
any loans, advances, guarantees, pledges or other financial assistance
or any tax credits or other tax advantage provided by the Company or
any of its Subsidiaries; or

(B) during such time as there is an Acquiring
Person, there shall be any reclassification of securities (including
any reverse stock split), or recapitalization of the Company, or any
merger or consolidation of the Company with any of its Subsidiaries or
any other transaction or series of transactions involving the Company
or any of its Subsidiaries (whether or not with or into or otherwise
involving an Acquiring Person), other than a transaction subject to
Section 13 hereof, which has the effect, directly or indirectly, of
increasing by more than 1% the proportionate share of the outstanding
shares of any class of equity securities or of securities exercisable
for or convertible into equity securities of the Company or any of its
Subsidiaries of which an Acquiring Person or any Affiliate or
Associate of any Acquiring Person, is the Beneficial Owner; or

(C) any Person (other than the Company or any
Subsidiary of the Company or any employee benefit or stock ownership
plan of the Company or of any

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<PAGE> 24

Subsidiary of the Company or any entity holding Common Shares for or
pursuant to the terms of any such plan) who or which, together with
all Affiliates and Associates of such Person, shall at any time after
date of this Agreement, become the Beneficial Owner of 20% or more of
the Common Shares then outstanding (other than pursuant to any
transaction set forth in Section 13(a) hereof ); provided, however,
that a Person shall not be deemed to have become the Beneficial Owner
of 20% or more of the Common Shares then outstanding for the purposes
of this Section 11(a)(ii)(C) solely as a result of a reduction in the
number of Common Shares outstanding unless and until such time as (1)
such Person or any Affiliate or Associate of such Person shall
thereafter become the Beneficial Owner of any additional Common Shares
other than as a result of a stock dividend, stock split or similar
transaction effected by the Company in which all holders of Common
Shares are treated equally, or (2) any other Person who is the
Beneficial Owner of any Common Shares shall thereafter become an
Affiliate or Associate of such Person,

then, and in each such case, proper provision shall be made so that each holder
of a Right, except as provided below, shall thereafter have a right to receive,
upon exercise thereof in accordance with the terms of this Agreement at an
exercise price per Right equal to the product of the then-current Purchase
Price multiplied by the number of Common Shares for which a Right was
exercisable immediately prior to the first occurrence of a Triggering Event,
such number of Common Shares as shall equal the result obtained by (x)
multiplying the then-current Purchase Price by the number of Common Shares for
which a Right was exercisable immediately prior to the first occurrence of a
Triggering Event, and dividing that product by (y) 50% of the current per share
market price of the Common Shares (determined pursuant to Section 11(d) hereof)
on the date of the first occurrence of a Triggering Event. Notwithstanding
anything in this Agreement to the contrary, from and after the later of the
Distribution Date and the first occurrence of a Flip-in

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<PAGE> 25

Event, (1) any Rights that are or were acquired or beneficially owned by any
Acquiring Person (or any Affiliate or Associate of such Acquiring Person) shall
be void and any holder of such Rights shall thereafter have no right to
exercise such Rights under any provision of this Agreement, (2) no Right
Certificate shall be issued pursuant to this Agreement that represents Rights
beneficially owned by an Acquiring Person or any Affiliate or Associate
thereof, (3) no Right Certificate shall be issued at any time upon the transfer
of any Rights to an Acquiring Person or any Affiliate or Associate thereof or
to any nominee of such Acquiring Person or Affiliate or Associate thereof, and
(4) any Right Certificate delivered to the Rights Agent for transfer to an
Acquiring Person or any Affiliate or Associate thereof shall be cancelled.

(iii) Upon the occurrence of the Distribution Date or a
Flip-in Event, if there shall not be sufficient Common Shares authorized but
unissued or issued but not outstanding to permit the issuance of all the Common
Shares issuable in accordance with the provisions hereof upon the exercise of a
Right, the Board of Directors of the Company shall use its best efforts
promptly to authorize and, subject to the provisions of Section 9(d) hereof,
make available for issuance additional Common Shares or other equity securities
of the Company having equivalent voting rights and an equivalent value (as
determined in good faith by the Board of Directors of the Company) to the
Common Shares (for purposes of this Section 11(a)(iii), "equivalent common
shares"). In the event that equivalent common shares are so authorized, upon
the exercise of a Right in accordance with the provisions of Section 7 hereof,
the registered holder shall be entitled to receive (A) Common Shares, to the
extent any are available and (B) a number of equivalent common shares, which
the Board of Directors of the Company shall have determined in good faith to
have a value equivalent to the excess of (x) the aggregate current per share
market value of all the Common Shares issuable in accordance with subsection
(ii) hereof upon the exercise of a Right (the "Exercise Value") over (y) the
aggregate current per share market value of any Common

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<PAGE> 26

Shares available for issuance upon the exercise of such Right; provided,
however, that if at any time after 90 calendar days after the first occurrence
of a Flip-in Event, there shall not be sufficient Common Shares and/or
equivalent common shares available for issuance upon the exercise of a Right,
then the Company shall be obligated to deliver, upon the surrender of such
Right and without requiring payment of the Purchase Price, Common Shares (to
the extent available), equivalent common shares (to the extent available) and
then cash (to the extent permitted by applicable law and any agreements or
instruments to which the Company is a party in effect immediately prior to the
first occurrence of any Flip-in Event), which securities and cash shall have an
aggregate value equal to the excess of (1) the Exercise Value over (2) the
product of the then-current Purchase Price multiplied by the number of Common
Shares for which a Right was exercisable immediately prior to the first
occurrence of a Triggering Event. To the extent that any legal or contractual
restrictions prevent the Company from paying the full amount of cash payable in
accordance with the foregoing sentence, the Company shall pay to holders of the
Rights as to which such payments are being made all amounts which are not then
restricted on a pro rata basis and shall continue to make payments on a pro
rata basis as funds become available until the full amount due to each such
Rights holder has been paid.

(b) In the event that the Company shall fix a record date for the
issuance of rights, options or warrants to all holders of Common Shares
entitling them (for a period expiring within 45 calendar days after such record
date) to subscribe for or purchase Common Shares (or securities having
equivalent rights, privileges and preferences as the Common Shares (for
purposes of this Section 11(b), "equivalent common shares")) or securities
convertible into Common Shares or equivalent common shares at a price per
Common Share or equivalent common share (or having a conversion price per
share, if a security convertible into Common Shares or equivalent common
shares) less than the current per share market price of the Common Shares
(determined pursuant to

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<PAGE> 27

Section 11(d) hereof) on such record date, the Purchase Price to be in effect
after such record date shall be determined by multiplying the Purchase Price in
effect immediately prior to such record date by a fraction, the numerator of
which shall be the number of Common Shares outstanding on such record date plus
the number of Common Shares which the aggregate offering price of the total
number of Common Shares and/or equivalent common shares so to be offered
(and/or the aggregate initial conversion price of the convertible securities so
to be offered) would purchase at such current per share market price and the
denominator of which shall be the number of Common Shares outstanding on such
record date plus the number of additional Common Shares and/or equivalent
common shares to be offered for subscription or purchase (or into which the
convertible securities so to be offered are initially convertible). In case
such subscription price may be paid in a consideration part or all of which
shall be in a form other than cash, the value of such consideration shall be as
determined in good faith by the Board of Directors of the Company, whose
determination shall be described in a statement filed with the Rights Agent.
Common Shares owned by or held for the account of the Company shall not be
deemed outstanding for the purpose of any such computation. Such adjustment
shall be made successively whenever such a record date is fixed; and in the
event that such rights, options or warrants are not so issued, the Purchase
Price shall be adjusted to be the Purchase Price which would then be in effect
if such record date had not been fixed.

(c) In the event that the Company shall fix a record date for the
making of a distribution to all holders of Common Shares (including any such
distribution made in connection with a consolidation or merger in which the
Company is the continuing or surviving corporation) of evidences of
indebtedness, cash (other than a regular periodic cash dividend), assets, stock
(other than a dividend payable in Common Shares) or subscription rights,
options or warrants (excluding those referred to in Section 11(b) hereof), the
Purchase Price to be in effect after such

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<PAGE> 28

record date shall be determined by multiplying the Purchase Price in effect
immediately prior to such record date by a fraction, the numerator of which
shall be the current per share market price of the Common Shares (as determined
pursuant to Section 11(d) hereof) on such record date or, if earlier, the date
on which Common Shares begin to trade on an ex-dividend or when-issued basis
for such distribution, less the fair market value (as determined in good faith
by the Board of Directors of the Company, whose determination shall be
described in a statement filed with the Rights Agent) of the portion of the
evidences of indebtedness, cash, assets or stock so to be distributed or of
such subscription rights, options or warrants applicable to one Common Share,
and the denominator of which shall be such current per share market price of
the Common Shares. Such adjustments shall be made successively whenever such a
record date is fixed; and in the event that such distribution is not so made,
the Purchase Price shall again be adjusted to be the Purchase Price which would
then be in effect if such record date had not been fixed.

(d) For the purpose of any computation hereunder, the "current per
share market price" of Common Shares on any date shall be deemed to be the
average of the daily closing prices per share of such Common Shares for the 30
consecutive Trading Days immediately prior to such date; provided, however,
that in the event that the current per share market price of the Common Shares
is determined during a period following the announcement by the issuer of such
Common Shares of (i) a dividend or distribution on such Common Shares payable
in such Common Shares or securities convertible into such Common Shares (other
than the Rights) or (ii) any subdivision, combination or reclassification of
such Common Shares, and prior to the expiration of 30 Trading Days after the
ex-dividend date for such dividend or distribution, or the record date for such
subdivision, combination or reclassification, then, and in each such case, the
current per share market price shall be appropriately adjusted to take into
account ex-dividend trading or to reflect the current per share market price
per Common Share equivalent. The closing price for each day

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<PAGE> 29

shall be the last sale price, regular way, or, in case no such sale takes place
on such day, the average of the closing bid and asked prices, regular way, in
either case as reported in the principal consolidated transaction reporting
system with respect to securities listed or admitted to trading on the New York
Stock Exchange or, if the Common Shares are not listed or admitted to trading
on the New York Stock Exchange, as reported in the principal consolidated
transaction reporting system with respect to securities listed on the principal
national securities exchange on which the Common Shares are listed or admitted
to trading or, if the Common Shares are not listed or admitted to trading on
any national securities exchange, the last quoted price or, if not so quoted,
the average of the high bid and low asked prices in the over-the-counter
market, as reported by NASDAQ or such other system then in use, or, if on any
such date the Common Shares are not quoted by any such organization, the
average of the closing bid and asked prices as furnished by a professional
market maker making a market in the Common Shares selected by the Board of
Directors of the Company. If the Common Shares are not publicly held or not so
listed or traded, or not the subject of available bid and asked quotes,
"current per share market price" shall mean the fair value per share as
determined in good faith by the Board of Directors of the Company, whose
determination shall be described in a statement filed with the Rights Agent.

(e) Except as set forth below, no adjustment in the Purchase Price
shall be required unless such adjustment would require an increase or decrease
of at least 1% in such price; provided, however, that any adjustments which by
reason of this Section 11(e) are not required to be made shall be carried
forward and taken into account in any subsequent adjustment. All calculations
under this Section 11 shall be made to the nearest cent or to the nearest one
ten-thousandth of a Common Share or other security, as the case may be.
Notwithstanding the first sentence of this Section 11(e), any adjustment
required by this Section 11 shall be made no later

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<PAGE> 30

than the earlier of (i) three years from the date of the transaction which
requires such adjustment and (ii) the Expiration Date.

(f) If as a result of an adjustment made pursuant to Section 11(a)
hereof, the holder of any Right thereafter exercised shall become entitled to
receive any securities of the Company other than Common Shares, thereafter the
number of such other securities so receivable upon exercise of any Right shall
be subject to adjustment from time to time in a manner and on terms as nearly
equivalent as practicable to the provisions with respect to the Common Shares
contained in this Section 11, and the provisions of Sections 7, 9, 10 and 13
hereof with respect to the Common Shares shall apply on like terms to any such
other securities.

(g) All Rights originally issued by the Company subsequent to any
adjustment made to the Purchase Price hereunder shall evidence the right to
purchase, at the adjusted Purchase Price, the number of Common Shares issuable
from time to time hereunder upon exercise of the Rights, all subject to further
adjustment as provided herein.

(h) Unless the Company shall have exercised its election as
provided in Section 11(i) hereof, upon each adjustment of the Purchase Price as
a result of the calculations made in Section 11(b) and Section 11(c) hereof
made with respect to a distribution of subscription rights, options or warrants
applicable to Common Shares, each Right outstanding immediately prior to the
making of such adjustment shall thereafter evidence the right to purchase, at
the adjusted Purchase Price, that number of Common Shares (calculated to the
nearest one-thousandth a Common Share) obtained by (i) multiplying (x) the
number of Common Shares issuable upon exercise of a Right immediately prior to
this adjustment by (y) the Purchase Price in effect immediately prior to such
adjustment of the Purchase Price, and (ii) dividing the product so obtained by
the Purchase Price in effect immediately after such adjustment of the Purchase
Price.

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<PAGE> 31

(i) The Company may elect, on or after the date of any adjustment
of the Purchase Price, to adjust the number of Rights in substitution for any
adjustment in the number of Common Shares issuable upon the exercise of a
Right. Each of the Rights outstanding after such adjustment of the number of
Rights shall be exercisable for the number of Common Shares for which a Right
was exercisable immediately prior to such adjustment. Each Right held of
record prior to such adjustment of the number of Rights shall become that
number of Rights (calculated to the nearest one- thousandth) obtained by
dividing the Purchase Price in effect immediately prior to adjustment of the
Purchase Price by the Purchase Price in effect immediately after adjustment of
the Purchase Price. The Company shall make a public announcement of its
election to adjust the number of Rights, indicating the record date for the
adjustment, and, if known at the time, the amount of the adjustment to be made.
This record date may be the date on which the Purchase Price is adjusted or any
day thereafter, but, if the Right Certificates have been issued, shall be at
least 10 calendar days later than the date of the public announcement. If
Right Certificates have been issued, upon each adjustment of the number of
Rights pursuant to this Section 11(i), the Company shall, as promptly as
practicable, cause to be distributed to holders of record of Right Certificates
on such record date Right Certificates evidencing, subject to the provisions of
Section 14 hereof, the additional Rights to which such holders shall be
entitled as a result of such adjustment, or, at the option of the Company,
shall cause to be distributed to such holders of record in substitution and
replacement for the Right Certificates held by such holders prior to the date
of adjustment, and upon surrender thereof if required by the Company, new Right
Certificates evidencing all the Rights to which such holders shall be entitled
after such adjustment. Right Certificates so to be distributed shall be
issued, executed and countersigned in the manner provided for herein (and may
bear, at the option of the Company, the adjusted Purchase Price) and shall be
registered in the

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<PAGE> 32

names of the holders of record of Right Certificates on the record date
specified in the public announcement.

(j) Irrespective of any adjustment or change in the Purchase Price
or the number or kind of securities issuable upon the exercise of the Rights,
the Right Certificates theretofore and thereafter issued may continue to
express the Purchase Price and the number and kind of securities which were
expressed in the initial Right Certificate issued hereunder.

(k) Before taking any action that would cause an adjustment
reducing the Purchase Price below the then par value, if any, of the Common
Shares or other securities issuable upon exercise of the Rights, the Company
shall take any corporate action which may, in the opinion of its counsel, be
necessary in order that the Company may validly and legally issue fully paid
and nonassessable Common Shares or such other securities at such adjusted
Purchase Price.

(l) In any case in which this Section 11 shall require that an
adjustment in the Purchase Price be made effective as of a record date for a
specified event, the Company may elect to defer until the occurrence of such
event the issuance to the holder of any Right exercised after such record date
the number of Common Shares or other securities of the Company, if any,
issuable upon such exercise over and above the number of Common Shares or other
securities of the Company, if any, issuable upon such exercise on the basis of
the Purchase Price in effect prior to such adjustment; provided, however, that
the Company shall deliver to such holder a due bill or other appropriate
instrument evidencing such holder's right to receive such additional Common
Shares or other securities upon the occurrence of the event requiring such
adjustment.

(m) Notwithstanding anything in this Agreement to the contrary,
the Company shall be entitled to make such reductions in the Purchase Price, in
addition to those adjustments expressly required by this Section 11, as and to
the extent that in its good faith judgment the Board of Directors of the
Company shall determine to be advisable in order that any (i) consolidation or

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<PAGE> 33

subdivision of the Common Shares, (ii) issuance wholly for cash of Common
Shares at less than the current per share market price therefor, (iii) issuance
wholly for cash of Common Shares or securities which by their terms are
convertible into or exchangeable for Common Shares, (iv) stock dividends, or
(v) issuance of rights, options or warrants referred to in this Section 11,
hereafter made by the Company to holders of its Common Shares shall not be
taxable to such shareholders.

Section 12. Certificate of Adjusted Purchase Price or Number of
Securities. Whenever an adjustment is made as provided in Section 11 or
Section 13 hereof, the Company shall promptly (a) prepare a certificate setting
forth such adjustment and a brief statement of the facts accounting for such
adjustment, (b) file with the Rights Agent and with each transfer agent for the
Common Shares, a copy of such certificate, and (c) if such adjustment is made
after the Distribution Date, mail a brief summary of such adjustment to each
holder of a Right Certificate in accordance with Section 25 hereof.

Section 13. Consolidation, Merger or Sale or Transfer of Assets or Earning
Power.

(a) In the event that, following the Share Acquisition Date,
directly or indirectly:

(i) the Company shall consolidate with, or merge with or
into, any other Person and the Company shall not be the continuing or
surviving corporation of such consolidation or merger; or

(ii) any Person shall consolidate with the Company, or
merge with or into the Company and the Company shall be the continuing
or surviving corporation of such merger or consolidation and, in
connection with such merger or consolidation, all or part of the
Common Shares shall be changed into or exchanged for stock or other
securities of any other Person or cash or any other property; or

(iii) the Company shall sell or otherwise transfer (or one
or more of its Subsidiaries shall sell or otherwise transfer), in one
or more transactions, assets or earning

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<PAGE> 34

power (including, without limitation, securities creating any
obligation on the part of the Company and/or any of its Subsidiaries)
representing in the aggregate more than 50% of the assets or earning
power of the Company and its Subsidiaries (taken as a whole) to any
Person or Persons,

then, and in each such case, proper provision shall be made so that (A) each
holder of a Right (except as otherwise provided herein) shall thereafter have
the right to receive, upon the exercise thereof in accordance with the terms of
this Agreement at an exercise price per Right equal to the product of the
then-current Purchase Price multiplied by the number of Common Shares for which
a Right was exercisable immediately prior to the first occurrence of a
Triggering Event, such number of validly authorized and issued, fully paid,
nonassessable and freely tradeable Common Shares of the Issuer, free and clear
of any liens, encumbrances and other adverse claims and not subject to any
rights of call or first refusal, as shall be equal to the result obtained by
(x) multiplying the then-current Purchase Price by the number of Common Shares
for which a Right is exercisable immediately prior to the first occurrence of a
Triggering Event and dividing that product by (y) 50% of the current per share
market price of the Common Shares of the Issuer (determined pursuant to Section
11(d) hereof), on the date of consummation of such Flip-over Event; (B) the
Issuer shall thereafter be liable for, and shall assume, by virtue of the
consummation of such Flip-over Event, all the obligations and duties of the
Company pursuant to this Agreement; (C) the term "Company" shall thereafter be
deemed to refer to the Issuer; and (D) the Issuer shall take such steps
(including, without limitation, the reservation of a sufficient number of its
Common Shares to permit the exercise of all outstanding Rights) in connection
with such consummation as may be necessary to assure that the provisions hereof
shall thereafter be applicable, as nearly as reasonably may be possible, in
relation to its Common Shares thereafter deliverable upon the exercise of the
Rights.

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<PAGE> 35

(b) For purposes of this Section 13, "Issuer" shall mean (i) in
the case of any Flip-over Event described in Sections 13(a) (i) or (ii) above,
the Person that is the continuing, surviving, resulting or acquiring Person
(including the Company as the continuing or surviving corporation of a
transaction described in Section 13(a)(ii) above), and (ii) in the case of any
Flip-over Event described in Section 13(a)(iii) above, the Person that is the
party receiving the greatest portion of the assets or earning power (including,
without limitation, securities creating any obligation on the part of the
Company and/or any of its Subsidiaries) transferred pursuant to such
transaction or transactions; provided, however, that, in any such case, (A) if
(1) no class of equity security of such Person is, at the time of such merger,
consolidation or transaction and has been continuously over the preceding
12-month period, registered pursuant to Section 12 of the Exchange Act, and (2)
such Person is a Subsidiary, directly or indirectly, of another Person, a class
of equity security of which is and has been so registered, the term "Issuer"
shall mean such other Person; and (B) in case such Person is a Subsidiary,
directly or indirectly, of more than one Person, a class of equity security of
two or more of which are and have been so registered, the term "Issuer" shall
mean whichever of such Persons is the issuer of the equity security having the
greatest aggregate market value. Notwithstanding the foregoing, if the Issuer
in any of the Flip-over Events listed above is not a corporation or other legal
entity having outstanding equity securities, then, and in each such case, (x)
if the Issuer is directly or indirectly wholly owned by a corporation or other
legal entity having outstanding equity securities, then all references to
Common Shares of the Issuer shall be deemed to be references to the Common
Shares of the corporation or other legal entity having outstanding equity
securities which ultimately controls the Issuer, and (y) if there is no such
corporation or other legal entity having outstanding equity securities, (I)
proper provision shall be made so that the Issuer shall create or otherwise
make available for purposes of the exercise of the Rights in accordance with
the terms of this Agreement, a kind or kinds of security or securities

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<PAGE> 36

having a fair market value at least equal to the economic value of the Common
Shares which each holder of a Right would have been entitled to receive if the
Issuer had been a corporation or other legal entity having outstanding equity
securities; and (II) all other provisions of this Agreement shall apply to the
issuer of such securities as if such securities were Common Shares.

(c) The Company shall not consummate any Flip-over Event, unless
the Issuer shall have a sufficient number of authorized Common Shares (or other
securities as contemplated in Section 13(b) above) which have not been issued
or reserved for issuance to permit the exercise in full of the Rights in
accordance with this Section 13 and unless prior to such consummation the
Company and the Issuer shall have executed and delivered to the Rights Agent a
supplemental agreement providing for the terms set forth in subsections (a) and
(b) of this Section 13 and further providing that as promptly as practicable
after the consummation of any Flip-over Event, the Issuer shall:

(i) prepare and file a registration statement under the
Securities Act, with respect to the Rights and the securities issuable
upon exercise of the Rights on an appropriate form, and shall use its
best efforts to cause such registration statement to (A) become
effective as soon as practicable after such filing and (B) remain
effective (with a prospectus at all times meeting the requirements of
the Securities Act) until the Expiration Date;

(ii) take all such action as may be appropriate under, or
to ensure compliance with, the securities or "blue sky" laws of the
various states in connection with the exercisability of the Rights;
and

(iii) deliver to holders of the Rights historical
financial statements for the Issuer and each of its Affiliates which
comply in all respects with the requirements for registration on Form
10 under the Exchange Act.

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<PAGE> 37

(d) The provisions of this Section 13 shall similarly apply to
successive mergers or consolidations or sales or other transfers. In the event
that a Flip-over Event occurs at any time after the occurrence of a Flip-in
Event, the Rights which have not theretofore been exercised shall thereafter
become exercisable in the manner described in Section 13(a) hereof.

Section 14. Fractional Rights and Fractional Securities.

(a) The Company shall not be required to issue fractions of Rights
or to distribute Right Certificates which evidence fractional Rights. In lieu
of such fractional Rights, the Company shall pay as promptly as practicable to
the registered holders of the Right Certificates with regard to which such
fractional Rights otherwise would be issuable, an amount in cash equal to the
same fraction of the current market value of a whole Right. For the purposes
of this Section 14(a), the current market value of a whole Right shall be the
closing price of the Rights for the Trading Day immediately prior to the date
on which such fractional Rights otherwise would have been issuable. The
closing price for any day shall be the last sale price, regular way, or, in
case no such sale takes place on such day, the average of the closing bid and
asked prices, regular way, in either case as reported in the principal
consolidated transaction reporting system with respect to securities listed or
admitted to trading on the New York Stock Exchange or, if the Rights are not
listed or admitted to trading on the New York Stock Exchange, as reported in
the principal consolidated transaction reporting system with respect to
securities listed on the principal national securities exchange on which the
Rights are listed or admitted to trading or, if the Rights are not listed or
admitted to trading on any national securities exchange, the last quoted price
or, if not so quoted, the average of the high bid and low asked prices in the
over-the-counter market, as reported by NASDAQ or such other system then in use
or, if on any such date the Rights are not quoted by any such organization, the
average of the closing bid and asked prices as furnished by a professional
market maker making a market in the Rights selected by the Board of Directors
of the

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<PAGE> 38

Company. If on any such date no such market maker is making a market in the
Rights the fair value of the Rights on such date as determined in good faith by
the Board of Directors of the Company shall be used.

(b) The Company shall not be required to issue fractions of Common
Shares or other securities issuable upon exercise or exchange of the Rights or
to distribute certificates which evidence any such fractional securities. In
lieu of issuing any such fractional securities, the Company may pay to any
Person to whom or which such fractional securities would otherwise be issuable
an amount in cash equal to the same fraction of the current market value of one
such security. For purposes of this Section 14(b), the current market value of
a Common Share or other security issuable upon the exercise or exchange of
Rights shall be the closing price thereof (as determined in the same manner as
set forth for Common Shares in the second sentence of Section 11(d) hereof) for
the Trading Day immediately prior to the date of such exercise or exchange;
provided, however, that if neither the Common Shares nor any such other
securities are publicly held or listed or admitted to trading on any national
securities exchange, or the subject of available bid and asked quotes, the
current market value of one Common Share or such other security shall be
determined in good faith by the Board of Directors of the Company.

Section 15. Rights of Action. All rights of action in respect of
this Agreement, excepting the rights of action given to the Rights Agent under
Section 18 hereof, are vested in the respective registered holders of the Right
Certificates (and, prior to the Distribution Date, the registered holders of
the Common Shares); and any registered holder of any Right Certificate (or,
prior to the Distribution Date, of the Common Shares), without the consent of
the Rights Agent or of the holder of any other Right Certificate (or, prior to
the Distribution Date, of the holder of any Common Shares), may in his own
behalf and for his own benefit enforce, and may institute and maintain any
suit, action or proceeding against the Company to enforce, or otherwise act in
respect

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<PAGE> 39

of, his right to exercise the Rights evidenced by such Right Certificate or
Common Share certificate in the manner provided in such Right Certificate and
in this Agreement. Without limiting the foregoing or any remedies available to
the holders of Rights, it is specifically acknowledged that the holders of
Rights would not have an adequate remedy at law for any breach of this
Agreement and shall be entitled to specific performance of the obligations
under this Agreement, and injunctive relief against actual or threatened
violations of the obligations of any Person subject to this Agreement.

Section 16. Agreement of Rights Holders. Every holder of a Right
by accepting the same consents and agrees with the Company and the Rights Agent
and with every other holder of a Right that:

(a) Prior to the Distribution Date, the Rights shall be
transferable only in connection with the transfer of the Common Shares;

(b) After the Distribution Date, the Right Certificates are
transferable only on the registry books of the Rights Agent if surrendered at
the principal office of the Rights Agent designated for such purpose, duly
endorsed or accompanied by a proper instrument of transfer;

(c) The Company and the Rights Agent may deem and treat the person
in whose name the Right Certificate (or, prior to the Distribution Date, the
associated Common Share certificate) is registered as the absolute owner
thereof and of the Rights evidenced thereby (notwithstanding any notations of
ownership or writing on the Right Certificate or the associated Common Share
certificate made by anyone other than the Company or the Rights Agent) for all
purposes whatsoever, and neither the Company nor the Rights Agent shall be
affected by any notice to the contrary;

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<PAGE> 40

(d) Such holder expressly waives any right to receive any
fractional Rights and any fractional securities upon exercise or exchange of a
Right, except as otherwise provided in Section 14 hereof.

(e) Notwithstanding anything in this Agreement to the contrary,
neither the Company nor the Rights Agent shall have any liability to any holder
of a Right or other Person as a result of its inability to perform any of its
obligations under this Agreement by reason of any preliminary or permanent
injunction or other order, decree or ruling issued by a court of competent
jurisdiction or by a governmental, regulatory or administrative agency or
commission, or any statute, rule, regulation or executive order promulgated or
enacted by any governmental authority, prohibiting or otherwise restraining
performance of such obligation; provided, however, that the Company shall use
its best efforts to have any such order, decree or ruling lifted or otherwise
overturned as soon as possible.

Section 17. Right Certificate Holder Not Deemed a Shareholder.
No holder, as such, of any Right Certificate shall be entitled to vote, receive
dividends or be deemed for any purpose the holder of the Common Shares or any
other securities of the Company which may at any time be issuable upon the
exercise of the Rights represented thereby, nor shall anything contained herein
or in any Right Certificate be construed to confer upon the holder of any Right
Certificate, as such, any of the rights of a shareholder of the Company or any
right to vote for the election of directors or upon any matter submitted to
shareholders at any meeting thereof, or to give or withhold consent to any
corporate action, or to receive notice of meetings or other actions affecting
shareholders (except as provided in Section 24 hereof), or to receive dividends
or subscription rights, or otherwise, until the Right or Rights evidenced by
such Right Certificate shall have been exercised in accordance with the
provisions of this Agreement or exchanged pursuant to the provisions of Section
27 hereof.

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<PAGE> 41

Section 18. Concerning the Rights Agent.

(a) The Company agrees to pay to the Rights Agent reasonable
compensation for all services rendered by it hereunder and, from time to time,
on demand of the Rights Agent, its reasonable expenses and counsel fees and
other disbursements incurred in the administration and execution of this
Agreement and the exercise and performance of its duties hereunder. The
Company also agrees to indemnify the Rights Agent for, and to hold it harmless
against, any loss, liability, suit, action, proceeding or expense, incurred
without gross negligence, bad faith or willful misconduct on the part of the
Rights Agent, for anything done or omitted by the Rights Agent in connection
with the acceptance and administration of this Agreement, including the costs
and expenses of defending against any claim of liability arising therefrom,
directly or indirectly.

(b) The Rights Agent shall be protected and shall incur no
liability for or in respect of any action taken, suffered or omitted by it in
connection with its administration of this Agreement in reliance upon any Right
Certificate or certificate evidencing Common Shares or other securities of the
Company, instrument of assignment or transfer, power of attorney, endorsement,
affidavit, letter, notice, direction, consent, certificate, statement, or other
paper or document believed by it to be genuine and to be signed, executed and,
where necessary, verified or acknowledged, by the proper Person or Persons.

Section 19. Merger or Consolidation or Change of Name of Rights
Agent.

(a) Any corporation into which the Rights Agent or any successor
Rights Agent may be merged or with which it may be consolidated, or any
corporation resulting from any merger or consolidation to which the Rights
Agent or any successor Rights Agent shall be a party, or any corporation
succeeding to the corporate trust business of the Rights Agent or any successor
Rights Agent, shall be the successor to the Rights Agent under this Agreement
without the execution or filing of any paper or any further act on the part of
any of the parties hereto, provided that such

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<PAGE> 42

corporation would be eligible for appointment as a successor Rights Agent under
the provisions of Section 21 hereof. In case at the time such successor Rights
Agent shall succeed to the agency created by this Agreement, any of the Right
Certificates shall have been countersigned but not delivered, any such
successor Rights Agent may adopt the countersignature of the predecessor Rights
Agent and deliver such Right Certificates so countersigned; and in case at that
time any of the Right Certificates shall not have been countersigned, any
successor Rights Agent may countersign such Right Certificates either in the
name of the predecessor Rights Agent or in the name of the successor Rights
Agent; and in all such cases such Right Certificates shall have the full force
provided in the Right Certificates and in this Agreement.

(b) In case at any time the name of the Rights Agent shall be
changed and at such time any of the Right Certificates shall have been
countersigned but not delivered, the Rights Agent may adopt the
countersignature under its prior name and deliver Right Certificates so
countersigned; and in case at that time any of the Right Certificates shall not
have been countersigned, the Rights Agent may countersign such Right
Certificates either in its prior name or in its changed name; and in all such
cases such Right Certificates shall have the full force provided in the Right
Certificates and in this Agreement.

Section 20. Duties of Rights Agent. The Rights Agent undertakes
the duties and obligations imposed by this Agreement upon the following terms
and conditions, by all of which the Company and the holders of Right
Certificates, by their acceptance thereof, shall be bound:

(a) The Rights Agent may consult with legal counsel (who may be
legal counsel for the Company), and the opinion of such counsel shall be full
and complete authorization and protection to the Rights Agent as to any action
taken or omitted by it in good faith and in accordance with such opinion.

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<PAGE> 43

(b) Whenever in the performance of its duties under this Agreement
the Rights Agent shall deem it necessary or desirable that any fact or matter
be proved or established by the Company prior to taking or suffering any action
hereunder, such fact or matter (unless other evidence in respect thereof be
herein specifically prescribed) may be deemed to be conclusively proved and
established by a certificate signed by any one of the Chairman of the Board,
the President or any Vice President of the Company and delivered to the Rights
Agent; and such certificate shall be full authorization to the Rights Agent for
any action taken or suffered in good faith by it under the provisions of this
Agreement in reliance upon such certificate.

(d) The Rights Agent shall not be liable for or by reason of any
of the statements of fact or recitals contained in this Agreement or in the
Right Certificates (except its countersignature thereof) or be required to
verify the same, but all such statements and recitals are and shall be deemed
to have been made by the Company only.

(e) The Rights Agent shall not be under any responsibility in
respect of the validity of this Agreement or the execution and delivery hereof
(except the due execution and delivery hereof by the Rights Agent) or in
respect of the validity or execution of any Right Certificate (except its
countersignature thereof); nor shall it be responsible for any breach by the
Company of any covenant or condition contained in this Agreement or in any
Right Certificate; nor shall it be responsible for any adjustment required
under the provisions of Section 11 or Section 13 hereof (including any
adjustment which results in Rights becoming void) or responsible for the
manner, method or amount of any such adjustment or the ascertaining of the
existence of facts that would require any such adjustment (except with respect
to the exercise of Rights evidenced by Right Certificates after actual notice
of any such adjustment); nor shall it by any act hereunder be

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<PAGE> 44

deemed to make any representation or warranty as to the authorization or
reservation of any shares of stock or other securities to be issued pursuant to
this Agreement or any Right Certificate or as to whether any shares of stock or
other securities will, when issued, be validly authorized and issued, fully
paid and nonassessable.

(f) The Company agrees that it will perform, execute, acknowledge
and deliver or cause to be performed, executed, acknowledged and delivered all
such further and other acts, instruments and assurances as may reasonably be
required by the Rights Agent for the carrying out or performing by the Rights
Agent of the provisions of this Agreement.

(g) The Rights Agent is hereby authorized and directed to accept
instructions with respect to the performance of its duties hereunder from any
one of the Chairman of the Board, the President or any Vice President of the
Company, and to apply to such officers for advice or instructions in connection
with its duties, and it shall not be liable for any action taken or suffered to
be taken by it in good faith in accordance with instructions of any such
officer.

(h) The Rights Agent and any shareholder, director, officer or
employee of the Rights Agent may buy, sell or deal in any of the Rights or
other securities of the Company or become pecuniarily interested in any
transaction in which the Company may be interested, or contract with or lend
money to the Company or otherwise act as fully and freely as though it were not
Rights Agent under this Agreement. Nothing herein shall preclude the Rights
Agent from acting in any other capacity for the Company or for any other legal
entity.

(i) The Rights Agent may execute and exercise any of the rights or
powers hereby vested in it or perform any duty hereunder either itself or by or
through its attorneys or agents, and the Rights Agent shall not be answerable
or accountable for any act, default, neglect or misconduct of any such
attorneys or agents or for any loss to the Company resulting from any such act,
default, neglect or misconduct, provided reasonable care was exercised in the
selection

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<PAGE> 45

and continued employment thereof. The Rights Agent shall not be under any duty
or responsibility to insure compliance with any applicable federal or state
securities laws in connection with the issuance, transfer or exchange of Right
Certificates.

(j) If, with respect to any Right Certificate surrendered to the
Rights Agent for exercise, transfer, split up, combination or exchange, the
certificate attached to the form of assignment or form of election to purchase,
as the case may be, has either not been completed or indicates an affirmative
response to clause 1 or 2 thereof, the Rights Agent shall not take any further
action with respect to such requested exercise, transfer, split up, combination
or exchange, without first consulting with the Company.

Section 21. Change of Rights Agent. The Rights Agent or any
successor Rights Agent may resign and be discharged from its duties under this
Agreement upon 30 calendar days' notice in writing mailed to the Company and to
each transfer agent of the Common Shares by registered or certified mail, and
to the holders of the Right Certificates by first-class mail. The Company may
remove the Rights Agent or any successor Rights Agent upon 30 calendar days'
notice in writing, mailed to the Rights Agent or successor Rights Agent, as the
case may be, and to each transfer agent of the Common Shares by registered or
certified mail, and to the holders of the Right Certificates by first-class
mail. If the Rights Agent shall resign or be removed or shall otherwise become
incapable of acting, the Company shall appoint a successor to the Rights Agent.
If the Company shall fail to make such appointment within a period of 30
calendar days after giving notice of such removal or after it has been notified
in writing of such resignation or incapacity by the resigning or incapacitated
Rights Agent or by the holder of a Right Certificate (who shall, with such
notice, submit his Right Certificate for inspection by the Company), then the
registered holder of any Right Certificate may apply to any court of competent
jurisdiction for the appointment of a new Rights Agent. Any successor Rights
Agent, whether appointed by the

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<PAGE> 46

Company or by such a court, shall be a corporation organized and doing business
under the laws of the United States or of the States of Georgia or New York (or
of any other state of the United States so long as such corporation is
authorized to do business as a banking institution in the States of Georgia or
New York), in good standing, having a principal office in the States of Georgia
or New York, which is authorized under such laws to exercise corporate trust
powers and is subject to supervision or examination by federal or state
authority and which has at the time of its appointment as Rights Agent a
combined capital and surplus of at least $50 million. After appointment, the
successor Rights Agent shall be vested with the same powers, rights, duties and
responsibilities as if it had been originally named as Rights Agent without
further act or deed; but the predecessor Rights Agent shall deliver and
transfer to the successor Rights Agent any property at the time held by it
hereunder, and execute and deliver any further assurance, conveyance, act or
deed necessary for the purpose. Not later than the effective date of any such
appointment, the Company shall file notice thereof in writing with the
predecessor Rights Agent and each transfer agent of the Common Shares, and mail
a notice thereof in writing to the registered holders of the Right
Certificates. Failure to give any notice provided for in this Section 21,
however, or any defect therein, shall not affect the legality or validity of
the resignation or removal of the Rights Agent or the appointment of the
successor Rights Agent, as the case may be.

Section 22. Issuance of New Right Certificates. Notwithstanding
any of the provisions of this Agreement or of the Rights to the contrary, the
Company may, at its option, issue new Right Certificates evidencing Rights in
such form as may be approved by its Board of Directors to reflect any
adjustment or change in the Purchase Price per share and the number or kind of
securities issuable upon exercise of the Rights made in accordance with the
provisions of this Agreement. In addition, in connection with the issuance or
sale by the Company of Common Shares following the Distribution Date and prior
to the Expiration Date, the Company (a) shall,

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<PAGE> 47

with respect to Common Shares so issued or sold pursuant to the exercise or
conversion of securities issued prior to the Distribution Date which are
exercisable for, or convertible into, Common Shares, and (b) may, in any other
case, if deemed necessary, appropriate or desirable by the Board of Directors
of the Company, issue Right Certificates representing an equivalent number of
Rights as would have been issued in respect of such Common Shares if they had
been issued or sold prior to the Distribution Date, as appropriately adjusted
as provided herein as if they had been so issued or sold; provided, however,
that (i) no such Right Certificate shall be issued if, and to the extent that,
in its good faith judgment the Board of Directors of the Company shall have
determined that the issuance of such Right Certificate could have a material
adverse tax consequence to the Company or to the Person to whom or which such
Right Certificate otherwise would be issued, and (ii) no such Right Certificate
shall be issued if, and to the extent that, appropriate adjustment otherwise
shall have been made in lieu of the issuance thereof.

Section 23. Redemption.

(a) Prior to the Expiration Date, the Board of Directors of the
Company may, at its option, redeem all but not less than all of the
then-outstanding Rights at the Redemption Price at any time prior to the Close
of Business on the later of (i) the Distribution Date and (ii) the Share
Acquisition Date.

(b) Immediately upon the action of the Board of Directors of the
Company ordering the redemption of the Rights, and without any further action
and without any notice, the right to exercise the Rights shall terminate and
the only right thereafter of the holders of Rights shall be to receive the
Redemption Price. Promptly after the action of its Board of Directors ordering
the redemption of the Rights, the Company shall publicly announce such action,
and within 10 calendar days thereafter, the Company shall give notice of such
redemption to the holders of the then- outstanding Rights by mailing such
notice to all such holders at their last addresses as they

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<PAGE> 48

appear upon the registry books of the Company; provided, however, that the
failure to give, or any defect in, any such notice shall not affect the
validity of the redemption of the Rights. Any notice which is mailed in the
manner herein provided shall be deemed given, whether or not the holder
receives the notice. The notice of redemption mailed to the holders of Rights
shall state the method by which the payment of the Redemption Price will be
made. The Company may, at its option, pay the Redemption Price in cash, Common
Shares (based upon the current per share market price of the Common Shares
(determined pursuant to Section 11(d) hereof) at the time of redemption) or any
other form of consideration deemed appropriate by the Board of Directors of the
Company (based upon the fair market value of such other consideration,
determined by the Board of Directors of the Company in good faith) or any
combination thereof.

(c) At any time following the Share Acquisition Date, the Board of
Directors of the Company may relinquish the right to redeem the Rights under
this Section 23 by duly adopting a resolution to that effect. Immediately upon
adoption of such resolution, the rights of the Board of Directors of the
Company to redeem the Rights shall terminate without further action and without
any notice. Promptly after adoption of such a resolution, the Company shall
publicly announce such action; provided, however, that the failure to give, or
any defect in, any such notice shall not affect the validity of the action of
the Board of Directors of the Company.

Section 24. Notice of Certain Events.

(a) In case, after the Distribution Date, the Company shall
propose (i) to pay any dividend payable in stock of any class to the holders of
Common Shares or to make any other distribution to the holders of Common Shares
(other than a regular periodic cash dividend), (ii) to offer to the holders of
Common Shares rights, options or warrants to subscribe for or to purchase any
additional Common Shares or shares of stock of any class or any other
securities, rights or options, (iii) to effect any reclassification of its
Common Shares (other than a reclassification

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<PAGE> 49

involving only the subdivision of outstanding Common Shares), (iv) to effect
any consolidation or merger into or with, or to effect any sale or other
transfer (or to permit one or more of its Subsidiaries to effect any sale or
other transfer), in one or more transactions, of assets or earning power
(including, without limitation, securities creating any obligation on the part
of the Company and/or any of its Subsidiaries) representing more than 50% of
the assets and earning power of the Company and its Subsidiaries, taken as a
whole, to any other Person or Persons, or (v) to effect the liquidation,
dissolution or winding up of the Company, then, in each such case, the Company
shall give to each holder of a Right Certificate, in accordance with Section 25
hereof, a notice of such proposed action, which shall specify the record date
for the purposes of such stock dividend, distribution or offering of rights,
options or warrants, or the date on which such reclassification, consolidation,
merger, sale, transfer, liquidation, dissolution, or winding up is to take
place and the date of participation therein by the holders of the Common
Shares, if any such date is to be fixed, and such notice shall be so given, in
the case of any action covered by clause (i) or (ii) above, at least 10
calendar days prior to the record date for determining holders of the Common
Shares for purposes of such action, and, in the case of any such other action,
at least 10 calendar days prior to the date of the taking of such proposed
action or the date of participation therein by the holders of the Common
Shares, whichever shall be the earlier.

(b) In case any Triggering Event shall occur, then, in any such
case, the Company shall as soon as practicable thereafter give to the Rights
Agent and each holder of a Right Certificate, in accordance with Section 25
hereof, a notice of the occurrence of such event, which shall specify the event
and the consequences of the event to holders of Rights.

Section 25. Notices.

(a) Notices or demands authorized by this Agreement to be given or
made by the Rights Agent or by the holder of any Right Certificate to or on the
Company shall be sufficiently

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<PAGE> 50

given or made if sent by first-class mail, postage prepaid, addressed (until
another address is filed in writing with the Rights Agent) as follows:

Equifax Inc.
1600 Peachtree Street, N.W.
Atlanta, Georgia 30309
Attention: Corporate Secretary

(b) Subject to the provisions of Section 21 hereof, any notice or
demand authorized by this Agreement to be given or made by the Company or by
the holder of any Right Certificate to or on the Rights Agent shall be
sufficiently given or made if sent by first-class mail, postage prepaid,
addressed (until another address is filed in writing with the Company) as
follows:

SunTrust Bank, Atlanta
Corporate Trust Department
P.O. Box 4625
Atlanta, Georgia 30302
Attention: Department Manager

(c) Notices or demands authorized by this Agreement to be given or
made by the Company or the Rights Agent to the holder of any Right Certificate
(or, if prior to the Distribution Date, to the holder of any certificate
evidencing Common Shares) shall be sufficiently given or made if sent by
first-class mail, postage prepaid, addressed to such holder at the address of
such holder as shown on the registry books of the Company.

Section 26. Supplements and Amendments. Prior to the
Distribution Date and subject to the last sentence of this Section 26, if the
Company so directs, the Company and the Rights Agent shall supplement or amend
any provision of this Agreement without the approval of any holders of
certificates representing Common Shares. From and after the Distribution Date
and subject to the last sentence of this Section 26, if the Company so directs,
the Company and the Rights Agent shall supplement or amend this Agreement
without the approval of any holders of Right Certificates in order (i) to cure
any ambiguity, (ii) to correct or supplement any provision contained herein
which may be defective or inconsistent with any other provisions herein, (iii)
to

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<PAGE> 51

shorten or lengthen any time period hereunder, or (iv) to supplement or amend
the provisions hereunder in any manner which the Company may deem desirable,
including, without limitation, the addition of other events requiring
adjustment to the Rights under Sections 11 or 13 hereof or procedures relating
to the redemption of the Rights, which supplement or amendment shall not, in
the good faith determination of the Board of Directors of the Company,
adversely affect the interests of the holders of Right Certificates (other than
an Acquiring Person or an Affiliate or Associate of an Acquiring Person). Upon
the delivery of a certificate from an officer of the Company which states that
the proposed supplement or amendment is in compliance with the terms of this
Section 26, the Rights Agent shall execute such supplement or amendment;
provided, however, that the failure or refusal of the Rights Agent to execute
such supplement or amendment shall not affect the validity of any supplement or
amendment adopted by the Company, any of which shall be effective in accordance
with the terms thereof. Notwithstanding anything in this Agreement to the
contrary, no supplement or amendment shall be made at such time as the Rights
are not then redeemable which decreases the stated Redemption Price or the
period of time remaining until the Final Expiration Date or which modifies a
time period relating to when the Rights may be redeemed.

Section 27. Exchange.

(a) The Board of Directors of the Company may, at its option, at
any time after the later of the Distribution Date and the first occurrence of a
Triggering Event, exchange all or part of the then-outstanding and exercisable
Rights (which shall not include Rights that have become void pursuant to the
provisions of Section 11(a)(ii) hereof) for Common Shares at an exchange ratio
of one Common Share per Right, appropriately adjusted to reflect any stock
split, stock dividend or similar transaction occurring after the date hereof
(such exchange ratio being hereinafter referred to as the "Exchange Ratio").
Notwithstanding the foregoing, the Board of

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<PAGE> 52

Directors shall not be empowered to effect such exchange at any time after any
Person (other than the Company, any Subsidiary of the Company, any employee
benefit plan of the Company or any such Subsidiary, or any entity holding
Common Shares for or pursuant to the terms of any such plan), who or which,
together with all Affiliates and Associates of such Person, becomes the
Beneficial Owner of 50% or more of the Common Shares then outstanding.

(b) Immediately upon the action of the Board of Directors of the
Company ordering the exchange of any Rights pursuant to Section 27(a) hereof,
and without any further action and without any notice, the right to exercise
such Rights shall terminate and the only right with respect to such Rights
thereafter of the holder of such Rights shall be to receive that number of
Common Shares equal to the number of such Rights held by such holder multiplied
by the Exchange Ratio. Promptly after the action of the Board of Directors of
the Company ordering the exchange of any Rights pursuant to Section 27(a)
hereof, the Company shall publicly announce such action, and within 10 calendar
days thereafter shall give notice of any such exchange to all of the holders of
such Rights at their last addresses as they appear upon the registry books of
the Rights Agent; provided, however, that the failure to give, or any defect
in, such notice shall not affect the validity of such exchange. Any notice
which is mailed in the manner herein provided shall be deemed given, whether or
not the holder receives the notice. Each such notice of exchange shall state
the method by which the exchange of the Common Shares for Rights will be
effected and, in the event of any partial exchange, the number of Rights which
will be exchanged. Any partial exchange shall be effected pro rata based on
the number of Rights (other than Rights which have become void pursuant to the
provisions of Section 11(a)(ii) hereof) held by each holder of Rights.

(c) In any exchange pursuant to this Section 27, the Company, at
its option, may substitute for any Common Share exchangeable for a Right, (i)
equivalent common shares (as such term is used in Section 11(a)(iii) hereof),
(ii) cash, (iii) debt securities of the Company, (iv) other

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<PAGE> 53

assets, or (v) any combination of the foregoing, in any event having an
aggregate value which the Board of Directors of the Company shall have
determined in good faith to be equal to the current market value of one Common
Share (determined pursuant to Section 11(d) hereof) on the Trading Day
immediately preceding the date of exchange pursuant to this Section 27.

Section 28. Successors; Certain Covenants. All the covenants and
provisions of this Agreement by or for the benefit of the Company or the Rights
Agent shall bind and inure to the benefit of their respective successors and
assigns hereunder.

Section 29. Benefits of this Agreement. Nothing in this
Agreement shall be construed to give to any Person other than the Company, the
Rights Agent and the registered holders of the Right Certificates (and, prior
to the Distribution Date, the Common Shares) any legal or equitable right,
remedy or claim under this Agreement; but this Agreement shall be for the sole
and exclusive benefit of the Company, the Rights Agent and the registered
holders of the Right Certificates (or prior to the Distribution Date, the
Common Shares).

Section 30. Severability. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction or
other authority to be invalid, void or unenforceable, the remainder of the
terms, provisions, covenants and restrictions of this Agreement shall remain in
full force and effect and shall in no way be affected, impaired or invalidated.

Section 31. Governing Law. This Agreement and each Right
Certificate issued hereunder shall be deemed to be a contract made under the
internal substantive laws of the State of Georgia and for all purposes shall be
governed by and construed in accordance with the internal substantive laws of
such State applicable to contracts to be made and performed entirely within
such State.

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<PAGE> 54

Section 32. Counterparts. This Agreement may be executed in any
number of counterparts and each of such counterparts shall for all purposes be
deemed to be an original, and all such counterparts shall together constitute
but one and the same instrument.

Section 33. Descriptive Headings. 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.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and their respective corporate seals to be hereunto affixed and
attested, all as of the day and year first above written.

[SEAL]

Attest: EQUIFAX INC.

By /s/ Thomas H. Magis By /s/ C.B. Rogers, Jr.
-------------------------------- ---------------------------------
Thomas H. Magis C. B. Rogers, Jr.
Secretary Chairman and Chief Executive Officer

[SEAL]

Attest: SUNTRUST BANK, ATLANTA

By /s/ Roy C. Forward, Jr. By /s/ Thomas Donaldson
-------------------------------- ---------------------------------
Roy C. Forward, Jr. Thomas Donaldson
Vice President Group Vice President

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<PAGE> 55

EXHIBIT A

Form of Right Certificate

Certificate No. R- _________ Rights

NOT EXERCISABLE AFTER NOVEMBER 6, 2005 OR EARLIER IF REDEEMED. THE
RIGHTS ARE SUBJECT TO REDEMPTION, AT THE OPTION OF THE COMPANY, AT $0.01
PER RIGHT ON THE TERMS SET FORTH IN THE RIGHTS AGREEMENT. UNDER CERTAIN
CIRCUMSTANCES SPECIFIED IN THE RIGHTS AGREEMENT, RIGHTS BENEFICIALLY
OWNED BY AN ACQUIRING PERSON OR AN AFFILIATE OR AN ASSOCIATE OF AN
ACQUIRING PERSON (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT) MAY
BECOME NULL AND VOID.

Right Certificate

EQUIFAX INC.

This certifies that ________________, or registered assigns, is the
registered owner of the number of Rights set forth above, each of which
entitles the owner thereof, subject to the terms, provisions and conditions of
the Rights Agreement, dated as of October 25, 1995 (the "Rights Agreement"),
between Equifax Inc., a Georgia corporation (the "Company"), and SunTrust Bank,
Atlanta, a Georgia banking corporation (the "Rights Agent"), to purchase from
the Company at any time after the Distribution Date (as such term is defined in
the Rights Agreement) and prior to 5:00 P.M. (Eastern time) on November 6,
2005 at the principal office or offices of the Rights Agent designated for such
purpose, one fully paid nonassessable share of common stock, par value $2.50
per share (the "Common Shares"), of the Company, at a purchase price of $185.00
per Common Share (the "Purchase Price"), upon presentation and surrender of
this Right Certificate with the Form of Election to Purchase and related
Certificate duly executed. If this Right Certificate shall be exercised in
part, the holder shall be entitled to receive upon surrender hereof another
Right Certificate or Right Certificates for the number of whole Rights not
exercised. The number of Rights evidenced by this Right Certificate (and the
number of Common Shares which may be purchased upon exercise thereof) set forth
above, and

A-1
<PAGE> 56

the Purchase Price set forth above, are the number and Purchase Price as of
November 6, 1995, based on the Common Shares as constituted at such date.

As provided in the Rights Agreement, the Purchase Price and the number
and kind of securities issuable upon the exercise of the Rights evidenced by
this Right Certificate are subject to adjustment upon the happening of certain
events.

This Right Certificate is subject to all of the terms, provisions and
conditions of the Rights Agreement, which terms, provisions and conditions are
hereby incorporated herein by reference and made a part hereof and to which
Rights Agreement reference is hereby made for a full description of the rights,
limitations of rights, obligations, duties and immunities of the Rights Agent,
the Company and the holders of the Right Certificates, which limitations of
rights include the temporary suspension of the exercisability of the Rights
under the circumstances specified in the Rights Agreement. Copies of the
Rights Agreement are on file at the above-mentioned office of the Rights Agent.

Pursuant to the Rights Agreement, from and after the later of the
Distribution Date and the first occurrence of a Flip-in Event (as such term is
defined in the Rights Agreement), (i) any Rights that are or were acquired or
beneficially owned by any Acquiring Person (or any Affiliate or Associate of
such Acquiring Person) shall be void and any holder of such Rights shall
thereafter have no right to exercise such Rights under any provision of the
Rights Agreement, (ii) no Right Certificate shall be issued pursuant to the
Rights Agreement that represents Rights beneficially owned by an Acquiring
Person or any Affiliate or Associate thereof, (iii) no Right Certificate shall
be issued at any time upon the transfer of any Rights to an Acquiring Person or
any Affiliate or Associate thereof or to any nominee of such Acquiring Person
or Affiliate or Associate thereof, and (iv) any Right Certificate delivered to
the Rights Agent for transfer to an Acquiring Person or any Affiliate or
Associate thereof shall be cancelled.

This Right Certificate, with or without other Right Certificates, may be
transferred, split up, combined or exchanged for another Right Certificate or
Right Certificates, entitling the holder to purchase a like number of Common
Shares (or other securities, as the case may be) as the Right Certificate or
Right Certificates surrendered shall have entitled such holder (or former
holder in the case of a transfer) to purchase, upon presentation and surrender
hereof at the principal office of the Rights Agent designated for such purpose,
with the Form of Assignment (if appropriate) and the related Certificate duly
executed.

Subject to the provisions of the Rights Agreement, the Rights evidenced
by this Certificate may be redeemed by the Company at its option at a
redemption price of $0.01 per Right. The Rights Agreement may be supplemented
and amended by the Company, as provided therein.

The Company is not required to issue fractional Common Shares or other
securities issuable upon the exercise of any Right or Rights evidenced hereby.
In lieu of issuing such fractional Common Shares or other securities, the
Company may make a cash payment, as provided in the Rights Agreement.

A-2
<PAGE> 57

No holder of this Right Certificate, as such, shall be entitled to vote
or receive dividends or be deemed for any purpose the holder of the Common
Shares or of any other securities of the Company which may at any time be
issuable upon the exercise of the Right or Rights represented hereby, nor shall
anything contained herein or in the Rights Agreement be construed to confer
upon the holder hereof, as such, any of the rights of a shareholder of the
Company or any right to vote for the election of directors or upon any matter
submitted to shareholders at any meeting thereof, or to give or withhold
consent to any corporate action, or to receive notice of meetings or other
actions affecting shareholders (except as provided in the Rights Agreement), or
to receive dividends or subscription rights, or otherwise, until the Right or
Rights evidenced by this Right Certificate shall have been exercised in
accordance with the provisions of the Rights Agreement.

This Right Certificate shall not be valid or obligatory for any purpose
until it shall have been countersigned by the Rights Agent.

A-3
<PAGE> 58

WITNESS the facsimile signature of the proper officers of the Company
and its corporate seal. Dated as of _________, 19__.

ATTEST: EQUIFAX INC.

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

[SEAL]

Countersigned:

SunTrust Bank, Atlanta

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

A-4
<PAGE> 59

Form of Reverse Side of Right Certificate

FORM OF ASSIGNMENT

(To be executed by the registered holder if such
holder desires to transfer the Right Certificate)

FOR VALUE RECEIVED, ___________________________________________________
__________________________________________ hereby sells, assigns and transfers
unto__________________________________________________________________________
______________________________________________________________________________
(Please print name and address of transferee)

_______________________________________________________________________________
this Right Certificate, together with all right, title and interest therein,
and does hereby irrevocably constitute and appoint _________________ Attorney,
to transfer the within Right Certificate on the books of the within-named
Company, with full power of substitution.

Dated: _____________, 19__

___________________________________
Signature

Signature Guaranteed:

CERTIFICATE

The undersigned hereby certifies by checking the appropriate boxes that:

(1) the Rights evidenced by this Right Certificate [ ] are [ ] are
not being sold, assigned, transferred, split up, combined or exchanged by or on
behalf of a Person who is or was an Acquiring Person or an Affiliate or
Associate of any such Person (as such terms are defined in the Rights
Agreement);

(2) after due inquiry and to the best knowledge of the undersigned,
it [ ] did [ ] did not acquire the Rights evidenced by this Right Certificate
from any Person who is, was or became an Acquiring Person or an Affiliate or
Associate of an Acquiring Person.

Dated: _____________, 19

___________________________________
Signature

A-5
<PAGE> 60

FORM OF ELECTION TO PURCHASE

(To be executed if holder desires to
exercise the Right Certificate)

To Equifax Inc.:

The undersigned hereby irrevocably elects to exercise _______________
Rights represented by this Right Certificate to purchase the Common Shares or
other securities issuable upon the exercise of such Rights and requests that
certificates for such securities be issued in the name of:

Please insert social security
or other identifying number:
________________________________________________________________________________
________________________________________________________________________________
(Please print name and address)
________________________________________________________________________________

If such number of Rights shall not be all the Rights evidenced by this Right
Certificate, a new Right Certificate for the balance remaining of such Rights
shall be registered in the name of and delivered to:

Please insert social security
or other identifying number:
________________________________________________________________________________

________________________________________________________________________________
(Please print name and address)
________________________________________________________________________________

Optional Election to Exercise without Payment of Cash:

With respect to the exercise of ___________ of the Rights specified
above, the undersigned hereby elects to exercise such Rights without payment of
cash and to receive a number of Common Shares or other securities having a
value (as determined pursuant to the Rights Agreement) equal to the difference
between (i) the value of the Common Shares or other securities that would have
been issuable upon the exercise thereof upon payment of the cash amount as
provided in the Rights Agreement, and (ii) the amount of such cash payment.

Dated: _____________, 19__

___________________________________
Signature

Signature Guaranteed:

A-6
<PAGE> 61

CERTIFICATE

The undersigned hereby certifies by checking the appropriate boxes that:

(1) the Rights evidenced by this Right Certificate [ ] are [ ] are
not being exercised by or on behalf of a Person who is or was an Acquiring
Person or an Affiliate or Associate of any such Person (as such terms are
defined pursuant to the Rights Agreement);

Dated: _____________, 19

___________________________________
Signature

NOTICE

Signatures on the foregoing Form of Assignment and Form of Election to
Purchase and in the related Certificates must correspond to the name as written
upon the face of this Right Certificate in every particular, without alteration
or enlargement or any change whatsoever.

Signatures must be guaranteed by a member firm of a registered national
securities exchange, a member of the National Association of Securities
Dealers, Inc., or a commercial bank or trust company having an office or
correspondent in the United States.

A-7
<PAGE> 62

EXHIBIT B

SUMMARY OF RIGHTS TO PURCHASE
COMMON SHARES

The Board of Directors of Equifax Inc. (the "Company") has declared a
dividend distribution of one right (a "Right") for each outstanding share of
common stock, par value $2.50 per share (the "Common Shares"), of the Company.
The distribution is payable on November 6, 1995 (the "Record Date") to the
shareholders of record as of the close of business on the Record Date. Each
Right entitles the registered holder to purchase from the Company one Common
Share at a price of $185.00 (the "Purchase Price"), subject to adjustment. The
description and terms of the Rights are set forth in a Rights Agreement, dated
as of October 25, 1995 (the "Rights Agreement"), between the Company and
SunTrust Bank, Atlanta, as Rights Agent (the "Rights Agent"). On October 25,
1995, the Board of Directors of the Company also adopted an amendment to the
Articles of Incorporation of the Company to effect a two-for-one stock split of
the issued and unissued Common Shares as permitted by Georgia law. The
two-for-one stock split will become effective as of 5:00 p.m. Eastern Time on
November 24, 1995, with certificates representing the additional shares to be
mailed on or about December 15, 1995. Unless otherwise indicated, all
information herein is set forth on a pre-split basis. At the effective time of
the stock split, the Purchase Price will be adjusted to $92.50 per Right to
reflect the two-for-one stock split.

The Rights Agreement provides that, until the Distribution Date, the
Rights will be transferred with and only with the Common Shares. Until the
Distribution Date (or earlier redemption or expiration of the Rights), new
Common Share certificates issued after the Record Date upon transfer or new
issuance of Common Shares will contain a notation incorporating the Rights
Agreement by reference. Until the Distribution Date (or earlier redemption or
expiration of the Rights), the surrender for transfer of any certificates for
Common Shares in respect of which Rights have been issued will also constitute
the transfer of the Rights associated with the Common Shares represented by
such certificates. As soon as practicable following the Distribution Date,
separate certificates evidencing the Rights (the "Right Certificates") will be
mailed to holders of record of the Common Shares of the close of business on
the Distribution Date and such separate Right Certificates alone will evidence
the Rights.
<PAGE> 63

No Right is exercisable at any time prior to the Distribution Date. The
Rights will expire on November 6, 2005 (the "Final Expiration Date") unless
earlier redeemed or exchanged by the Company as described below. Until a Right
is exercised, the holder thereof, as such, will have no rights as a shareholder
of the Company, including without limitation the right to vote or to receive
dividends.

B-2
<PAGE> 64

The Company may redeem the Rights in whole, but not in part, at a price
of $0.01 per Right (the "Redemption Price"), at any time prior to the close of
business on the later of (i) the Distribution Date and (ii) the first date of
public announcement that a person has become an Acquiring Person. Immediately
upon any redemption of the Rights, the right to exercise the Rights will
terminate and the only right of the holders of Rights will be to receive the
Redemption Price.

The Rights Agreement may be amended by the Company without the approval
of any holders of Right Certificates, including amendments which add other
events requiring adjustment to the purchase price payable and the number of
Common Shares or other securities issuable upon the exercise of the Rights or
which modify procedures relating to the redemption of the Rights, provided that
no amendment may be made at such time as the Rights are not then redeemable
which decreases the stated Redemption Price or the period of time remaining
until the Final Expiration Date or which modifies a time period relating to
when the Rights may be redeemed.

A copy of the Rights Agreement has been filed with the Securities and
Exchange Commission as an Exhibit to a Registration Statement on Form 8-A. A
copy of the Rights Agreement is available free of charge from the Company.
This summary description of the Rights is as of November 6, 1995, does not
purport to be complete and is qualified in its entirety by reference to the
Rights Agreement, which is incorporated herein by this reference.

B-3

<PAGE> 1

EXHIBIT 99.3

Summary of Rights to Purchase Common Shares
(Exhibit B to the Rights Agreement filed
as Exhibit 99.2 hereto)

<PAGE> 1

EXHIBIT 99.4

Form of Press Release
dated October 25, 1995
<PAGE> 2

EXHIBIT 99.4

EQUIFAX

1600 Peachtree Street, N.W., Atlanta, Georgia 30309
________________________________________________________________________________
NEWS RELEASE

FOR IMMEDIATE RELEASE Contact: Norman Black
Public Affairs
404-888-5040 (o)
770-578-0679 (h)
Blacknorm@aol.

ROGERS CEDES CEO DUTIES TO MCGLAUGHLIN

BOARD OKAYS STOCK SPLIT, DIVIDEND INCREASE,
SHARE REPURCHASE AND SHAREHOLDER RIGHTS PLAN

ATLANTA, OCT. 25, 1995 -- The Equifax Board of Directors today
unanimously approved the recommendations of C.B. Rogers, Jr., chairman and
CEO, and elected Daniel W. McGlaughlin the corporation's next chief executive
officer. The Board also approved a 2-for-1 stock split, an increase in the
quarterly dividend, a $200 million share repurchase program and a "shareholder
rights" plan.

"We have a performance-based organization that's really performing,"
said Rogers in announcing the various moves. "Equifax has made great progress
in recent years and the best is yet to come. This is an opportune time for me
to pass the CEO responsibilities and I believe everyone knows that Dan
McGlaughlin has been my choice as successor for several years."

"On January 1, 1996, Dan will assume the responsibilities of CEO,"
Rogers continued. "And I will remain as chairman. We have the best management
team in the information industry and I assure you, 'The beat goes on.'"

-more-
<PAGE> 3

McGLAUGHLIN ELECTED 2-2-2

FINANCIAL NEWS

The 2-for-1 stock split, the fourth such split in the past 10 years,
will become effective on Nov. 24, 1995, to shareholders of record on that date.
Stock certificates for the split will be distributed on Dec. 15, 1995.

The regular quarterly dividend, meantime, is being increased from
15.5-cents per share to 16.5-cents per share pre-split (8.25-cents after the
stock split), an increase of 6.5%. The dividend is payable on Dec. 15, 1995,
to shareholders of record Nov. 24, 1995.

The increase in the quarterly dividend is the 15th such boost in the
last 16 years at Equifax. The year 1995 is the 82nd consecutive year in which
Equifax has paid a cash dividend.

The Shareholder Rights Plan is designed to protect the company and its
shareholders from coercive, unfair and inadequate takeover bids and practices.
The plan is designed to strengthen the Board's ability to deter a person or
group from attempting to gain control of the company without offering a fair
price and equal treatment to all shareholders.

The Rights initially will trade together with the company's common stock
and will not be exercisable unless certain triggering events occur. Among the
triggering events is the acquisition of 20% or more of the company's common
stock.

-more-
<PAGE> 4

McGLAUGHLIN ELECTED 3-3-3

The $200 million share repurchase represents a continuation of the
financial strategy adopted in 1992. Senior Vice President and CFO Donald U.
Hallman said, "Given our confidence in the future prospects and financial
position of the company, we are willing to move to a more leveraged capital
structure to lower our cost of capital without materially impacting our
financial flexibility."

After adopting Economic Value Added in 1992, Equifax continues to
examine options that drive the creation of shareholder value, Hallman added.
The company has demonstrated its commitment to buying back shares, having
purchased more than 12 million shares worth almost $300 million since December
1992. With the board's authorization, Equifax will be able to pursue a more
aggressive buyback strategy, Hallman said.

CEO SUCCESSION

McGlaughlin, the company's president and chief operating officer since
Jan. 1, 1993, will succeed Rogers as CEO on Jan. 1, 1996, while retaining the
title of president.

Rogers has guided the corporation as its CEO since 1989 and as its
chairman and CEO since 1992. He will retain not only his duties as chairman of
the Board of Directors but also chairmanship of the board's Executive
Committee. Rogers also will continue to chair the Canadian Board's executive
committee and Equifax Europe, and will provide support as required in the areas
of government relations and community service.

-more-
<PAGE> 5

McGLAUGHLIN ELECTED 4-4-4

The 66-year-old Rogers is credited with a complete makeover of Equifax
that turned the company from a national credit reporting agency into a global
information management leader. Since Rogers became president, Equifax has
doubled its annual revenues while reducing overhead, expanding internationally
and entering new, strategic markets.

McGlaughlin, considered the "heir apparent" for several years, will
become the ninth chief executive in Equifax's long history, which dates to
1899. His succession will mark continuation of the traditional means of
passing leadership within Equifax, namely for the chairman/CEO to pass the CEO
responsibilities to the company's next leader while retaining the chairmanship
through age 70.

Under Equifax's normal retirement guidelines, Rogers would have ceded
his CEO duties last year after turning 65. In June 1994, however, the Board of
Directors announced the guideline had been suspended in Rogers' case and he had
been asked to remain at the helm of the corporation for an indefinite period.

"I agreed to remain as chairman and CEO because Dan and I just the year
before had implemented a sweeping management reorganization," Rogers said
Wednesday. "The new organization now clearly has proven itself, the stock
price has doubled and we're on the right trajectory."

-more-
<PAGE> 6

McGLAUGHLIN ELECTED 5-5-5

"Under the circumstances, it is with great appreciation and anticipation
that I announce this decision of the board," Rogers concluded. "I have worked
closely with Dan and can attest to his knowledge of our company, his leadership
abilities and his vision of the future. He has played a critical role already
in helping transform Equifax into a high-growth, high-technology market leader.
We have worked together as a team for a number of years, and we will continue
to work together because nothing is more important to either of us than seeing
our strategic plans implemented."

McGlaughlin, 59, originally joined Equifax in 1989 as the senior vice
president for Information Technology after impressive careers with IBM and
General Electric. He was elected to the Equifax Board of Directors in 1990 and
subsequently promoted to the post of executive vice president in 1991. He was
named president and chief operating officer of the corporation on Jan. 1, 1993.

McGlaughlin, in accepting his appointment by the Board, emphasized his
intent to maintain Equifax as a fast-growing, nimble player in the information
management industry.

"We have transformed this company into a high-tech, market-driven
concern that knows how to streamline management while applying technology to
the benefit of our customers here and around the world," said McGlaughlin. "We
have an information management expertise that is second-to-none, and I see no
limit to our growth."

"We have a management team that's proven its ability to adapt to
change," added McGlaughlin. "Business as usual at Equifax these days means
dealing with a lot of change. We have to keep changing in order to remain the
market leader."

-more-
<PAGE> 7

McGLAUGHLIN ELECTED 6-6-6

A native of Edinboro, Pa., McGlaughlin earned his bachelor's degree in
mechanical engineering from the University of Cincinnati and a Ph.D. in
electrical engineering from Case-Western Reserve University in Cleveland. A
member of the Board of Directors of Wachovia Bank of Georgia, he and his wife,
Patricia, reside in northwest Atlanta. The McGlaughlins have three children
and four grandchildren.

Equifax Inc. (NYSE: EFX), committed to Global Information Leadership in
the Information Age, is the leading provider of information services that help
grant credit, authorize and process credit card and check transactions, insure
lives and property and control healthcare costs. Established in 1899 in
Atlanta, Equifax today employs more than 14,000 people throughout North and
South America, the United Kingdom and continental Europe. Revenues for the 12
months ended September 30, 1995, were more than $1.6 billion.

# # #

<PAGE> 1

EXHIBIT 99.5

Form of Letter to Shareholders
dated November 6, 1995
<PAGE> 2

EXHIBIT 99.5

[EQUIFAX INC. LETTERHEAD]

November 6, 1995

To Our Shareholders:

Equifax Inc. has adopted a Share Purchase Rights Plan designed to provide you,
our shareholders, with additional assurance that you will have the opportunity
to benefit from the long-term prospects and increases in value of the Company.
Pursuant to the Rights Plan, which is similar to the rights plans previously
adopted by many other publicly owned companies, the Board of Directors declared
a dividend of one share purchase right (a "Right") for each outstanding share
of the Company's Common Stock. The distribution is being made to shareholders
of record as November 24, 1995.

The Rights initially will be represented by, and trade together with, the
Company's Common Stock. The Rights are not currently exercisable and, as
indicated in the enclosed summary of the Rights Plan, do not become exercisable
unless certain triggering events occur. Among the triggering events is the
acquisition of 20% or more of the Company's Common Stock. Unless previously
redeemed, upon the occurrence of one of the specified triggering events, each
Right that is not held by the 20% or more shareholder will entitle its holder
to purchase one share of Common Stock or, under certain circumstances,
additional shares of Common Stock at a discounted price.

A summary of the Rights Plan which explains the terms and nature of the Rights
is enclosed. Please review the summary carefully.

The Board of Directors believes that the Rights Plan will help to protect your
interests in the event that the Company is confronted with coercive, unfair or
inadequate takeover bids or practices. The Plan contains provisions to protect
you in the event of an unsolicited offer to acquire the Company, including
offers that do not treat all shareholders equally, the acquisition in the open
market of shares constituting control without offering fair value to all
shareholders, and other coercive, unfair or inadequate takeover bids and
practices that could impair the ability of the Board of Directors to represent
your interests fully. The Board believes that the Rights represent a sound and
reasonable means of addressing the complex issues of corporate policy created
by the current takeover environment. In adopting the Rights Plan, the Board
has expressed its confidence in the Company's future and its determination that
you, our shareholders, be given every opportunity to participate fully in that
future.

On Behalf of the Board of Directors,

/s/ C.B. Rogers, Jr.
- --------------------
Chairman and Chief Executive Officer
<PAGE> 3

SUMMARY OF RIGHTS TO PURCHASE
COMMON SHARES

The Board of Directors of Equifax, Inc. (the "Company") has declared a
dividend distribution of one right (a "Right") for each outstanding share of
common stock, par value $2.50 per share (the "Common Shares"), of the Company.
The distribution is payable on November 6, 1995 (the "Record Date") to the
shareholders of record as of the close of business on the Record Date. Each
Right entitles the registered holder to purchase from the Company one Common
Share at a price of $185.00 (the "Purchase Price"), subject to adjustment. The
description and terms of the Rights are set forth in a Rights Agreement, dated
as of October 25, 1995, (the "Rights Agreement"), between the Company and
SunTrust Bank, Atlanta, as Rights Agent (the "Rights Agent"). On October 25,
1995, the Board of Directors of the Company also adopted an amendment to the
Articles of Incorporation of the Company to effect a two-for-one stock split of
the issued and unissued Common Shares as permitted by Georgia law. The
two-for-one split will become effective as of 5:00 p.m. Eastern Time on
November 24, 1995, with certificates representing the additional shares to be
mailed on or about December 15, 1995. Unless otherwise indicated, all
information herein is set forth on a pre-split basis. At the effective time of
the stock split, the Purchase Price will be adjusted to $92.50 per Right to
reflect the two-for-one stock split.

Until the earliest to occur of (i) the close of business on the tenth
calendar day (or such later date as may be specified by the Board of Directors)
following a public announcement that a person or group of affiliated or
associated persons has acquired, or obtained the right to acquire, beneficial
ownership of 20% or more of the outstanding Common Shares (an "Acquiring
Person"), (ii) the close of business on the tenth calendar day following the
commencement of a tender offer or exchange offer by a person or group of
affiliated or associated persons, the consummation of which would result in
beneficial ownership by such person or group of 20% or more of the outstanding
Common Shares, or (iii) the close of business on the tenth calendar day
following the first date of public announcement of the first occurrence of a
Flip-in Event or a Flip-over Event (as such terms are hereinafter defined) (the
earliest of such dates being hereinafter called the "Distribution Date"), the
Rights will be evidenced, with respect to any of the Common Share certificates
outstanding as of the Record Date, by such Common Share certificates.

The Rights Agreement provides that, until the Distribution Date, the
Rights will be transferred with and only with the Common Shares. Until the
Distribution Date (or earlier redemption or expiration of the Rights), new
Common Share certificates issued after the Record Date upon transfer or new
issuance of Common Shares will contain a notation incorporating the Rights
Agreement by reference. Until the Distribution Date (or earlier redemption or
expiration of the Rights), the surrender for transfer of any certificates for
Common Shares in respect of which Rights have been issued will also constitute
the transfer of the Rights associated with the Common Shares represented by
such certificates. As soon as practicable following the Distribution Date,
separate certificates evidencing the Rights (the "Right Certificates") will be
mailed to holders of record of the Common Shares of the close of business on
the Distribution Date and such separate Right Certificates alone will evidence
the Rights.

No Right is exercisable at any time prior to the Distribution Date. The
Rights will expire on November 6, 2005 (the "Final Expiration Date") unless
earlier redeemed or exchanged by the Company as described below. Until a Right
is exercised, the holder thereof, as such, will have no rights as a shareholder
of the Company, including without limitation the right to vote or to receive
dividends.

there is an Acquiring Person, there shall be any reclassification of securities
or recapitalization or reorganization of the Company which has the effect of
increasing by more than 1% the proportionate share of the outstanding shares of
any class of equity securities of the Company or any of its subsidiaries
beneficially owned by the Acquiring Person, proper provision shall be made so
that each holder of a Right, other than Rights that are or were owned
beneficially by the Acquiring Person (which, from and after the later of the
Distribution Date and the date of the earliest of any such events, will be
void), will thereafter have the right to receive, upon exercise thereof at the
then current exercise price of the Right, that number of Common Shares (or,
under certain circumstances, an economically equivalent security or securities
of the Company) having a market value of two times the exercise price of the
Rights.

To illustrate the operation of such an adjustment, at a Purchase Price of
$185.00, assuming the current market price (as determined pursuant to the
provisions of the Rights Agreement) per Common Share were $46.25, each Right
not owned beneficially by an Acquiring Person at or after the time of such an
occurrence would entitle its holder to purchase (after the Distribution Date)
from the Company eight (8) Common Shares (have a market value of $370.00) for
$185.00.

In the event (a "Flip-over Event") that, following the first date of
public announcement that a person has become an Acquiring Person, (i) the
Company merges with or into any person and the Company is not the surviving
corporation, (ii) any person merges with or into the Company and the Company is
the surviving corporation, but its Common Shares are changed or exchanged, or
(iii) 50% or more of the Company's assets or earning power, including without
limitation securities creating obligations of the Company, are sold, proper
provision shall be made so that each holder of a Right will thereafter have the
right to receive, upon the exercise thereof at the then current exercise price
of the Right, that number of shares of common stock (or, under certain
circumstances, an economically equivalent security or securities) of such other
person which at the time of such transaction would have a market value of two
times the exercise price of the Right.

At any time after the later of the Distribution Date and the first
occurrence of a Flip-in Event or Flip-over Event and prior to the acquisition
by any person or group of affiliated or associated persons of 50% or more of
the outstanding Common Shares, the Board of Directors of the Company may
exchange the Rights (other than any Rights which have become void), in whole or
in part, at any exchange ratio of one Common Share per Right (subject to
adjustment).

The Company may redeem the Rights in whole, but not in part, at a price
of $0.01 per Right (the "Redemption Price"), at any time prior to the close of
business on the later of (i) the Distribution Date and (ii) the first date of
public announcement that a person has become an Acquiring Person. Immediately
upon any redemption of the Rights, the right to exercise the Rights will
terminate and the only right of the holders of Rights will be to receive the
Redemption Price.

The Rights Agreement may be amended by the Company without the approval
of any holders of Right Certificates, including amendments which add other
events requiring adjustment to the purchase price payable and the number of
Common Shares or other securities issuable upon the exercise of the Rights or
which modify procedures relating to the redemption of the Rights, provided that
no amendment may be made at such time as the Rights are not then redeemable
which decreases the stated Redemption Price or the period of time remaining
until the Final Expiration Date or which modifies a time period relating to
when the Rights may be redeemed.

<PAGE> 1

EXHIBIT 99.6

Power of Attorney and Resolutions
Authorizing Power of Attorney
<PAGE> 2

EXHIBIT 99.6

EQUIFAX INC.

REGISTRATION STATEMENT

POWER OF ATTORNEY

Equifax Inc., a Georgia corporation (the "Corporation"), hereby
constitutes and appoints Thomas H. Magis and Ralph F. Haygood, and any of them,
with full power of substitution and resubstitution, as attorneys or attorney of
the Corporation, to sign and file under the Securities Exchange Act of 1934, as
amended, a Registration Statement relating to the registration of that number
of Common Stock Purchase Rights to be issued to the Corporation's shareholders
pursuant to action taken by the Board of Directors of the Corporation on
October 25, 1995, and any and all amendments and exhibits thereto and any and
all applications or other documents to be filed with the Securities and
Exchange Commission pertaining to such registration, with full power and
authority to do and perform any and all acts and things whatsoever required and
necessary to be done in the premises, hereby ratifying, confirming and
approving the acts of said attorneys and any of them and any such substitutes.

EXECUTED this first day of November, 1995.

EQUIFAX INC.

By /s/ C.B. Rogers, Jr.
------------------------------------------
C.B. Rogers, Jr.
Chairman and Chief Executive Officer

ATTEST /s/ Thomas H. Magis
-----------------------------------
Thomas H. Magis
Secretary

<PAGE> 3

SECRETARY'S CERTIFICATE

The undersigned, Thomas H. Magis, hereby certifies that he is the
Secretary of Equifax Inc. (the "Corporation") and that, as such, he is
authorized to deliver this Certificate on behalf of the Corporation and further
certifies that attached hereto is a true and complete copy of a resolution duly
adopted by the Board of Directors of the Corporation at a meeting held on
October 25, 1995.

/s/ Thomas H. Magis
-----------------------------------------
Thomas H. Magis
Secretary

Dated: November 1, 1995
----------------

<PAGE> 4

RESOLVED, that the Chairman of the Board, the President, any Vice
President and the Secretary of the Corporation be, and each of them hereby is,
authorized, in the name and on behalf of the Corporation, to execute a power or
powers of attorney appointing Thomas H. Magis and Ralph F. Haygood, and any of
them, with full power of substitution and resubstitution, as attorneys or
attorney of the Corporation, to sign and file a registration statement or
registration statements relating to the registration of the Rights, Commons
Shares or other securities issuable upon the exercise of Rights, or any or all
thereof, under the Securities Act and to sign and file a registration statement
relating to the registration of the Rights, Common Shares or other securities
issuable upon the exercise of Rights, or any or all thereof, under the Exchange
Act, and any and all amendments and exhibits to each such registration
statement, and any and all applications or other documents to be filed with the
Commission pertaining thereto, with full power and authority to do and perform
any and all acts and things whatsoever required and necessary to be done in the
premises, and which powers of attorney shall ratify, confirm and approve the
acts of said attorneys and any of them and any such substitutes related
thereto.