Exhibit 10.1

 

EXECUTION COPY

 

THIRD AMENDMENT

 

THIRD AMENDMENT, dated as of October 4, 2004 (the “Amendment”), to the SECOND
AMENDED AND RESTATED CREDIT AGREEMENT, dated as of March 20, 2003 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”),
among NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company
(“NSP”), NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”),
MORNING PRIDE MANUFACTURING L.L.C., a Delaware limited liability company
(“Morning Pride,” together with NSP and North Safety, the “U. S. Borrowers”),
NORTH SAFETY PRODUCTS LTD., a company organized and existing under the laws of
Ontario (“North Safety Canada” and, together with the U.S. Borrowers, the
“Borrowers”), the several banks and other financial institutions or entities
from time to time parties thereto (the “U.S. Lenders”), CANADIAN IMPERIAL BANK
OF COMMERCE (the “Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as
documentation agent (in such capacity, the “Documentation Agent”), CANADIAN
IMPERIAL BANK OF COMMERCE, as syndication agent (in such capacity, the
“Syndication Agent”) and FLEET NATIONAL BANK, as administrative agent (in such
capacity, the “Administrative Agent”).

 

W I T N E S S E T H:

 

WHEREAS, the Borrowers have requested that the Lenders agree to amend certain
provisions of the Credit Agreement; and

 

WHEREAS, the Lenders are willing to amend such provisions on and subject to the
terms and conditions herein;

 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by each of the parties hereto, the parties
agree as follows:

 

SECTION 1.                                AMENDMENT TO SECTION 1.1 OF THE CREDIT
AGREEMENT.  (A)  SECTION 1.1 OF THE CREDIT AGREEMENT IS HEREBY AMENDED BY
DELETING THE DEFINITION OF “APPLICABLE MARGIN” IN ITS ENTIRETY AND SUBSTITUTING
IN LIEU THEREOF:

 

““Applicable Margin”:  for each Type of Loan, the rate per annum set forth under
the relevant column heading below:

 

 

 

ABR Loans and
C$Prime Loans

 

Eurodollar Loans
and Bankers’
Acceptances

 

U.S. Revolving Loans and Canadian Loans

 

2.50

%

3.50

%

Term Loans

 

1.75

%

2.75

%;

 

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PROVIDED, THAT ON AND AFTER EACH ADJUSTMENT DATE TO OCCUR AFTER THE COMPLETION
OF TWO FULL FISCAL QUARTERS OF NSP FOLLOWING THE CLOSING DATE, THE APPLICABLE
MARGIN WITH RESPECT TO U.S. REVOLVING LOANS, U.S. SWINGLINE LOANS AND CANADIAN
LOANS WILL BE DETERMINED PURSUANT TO THE PRICING GRID.”

 

SECTION 2.                                AMENDMENT TO SECTION 7.8 OF THE CREDIT
AGREEMENT.  SECTION 7.8 OF THE CREDIT AGREEMENT IS HEREBY AMENDED BY DELETING
CLAUSE (J) IN ITS ENTIRETY AND SUBSTITUTING IN LIEU THEREOF THE FOLLOWING:

 

“(j) in addition to Investments otherwise expressly permitted by this Section,
Permitted Acquisitions completed subsequent to the Closing Date for an aggregate
purchase price (including cash, Capital Stock and promissory notes given as
consideration therefor and Indebtedness assumed in connection therewith, but
excluding investment banking, brokerage, legal, accounting and other similar
fees paid in connection therewith and fees paid in connection with the financing
thereof) not to exceed $100,000,000 for all such Permitted Acquisitions;”

 

SECTION 3.                                SUBSEQUENT TERM LOAN REPRICING.  THE
PARTIES TO THE CREDIT AGREEMENT HEREBY AGREE THAT, NOTWITHSTANDING CLAUSES
(A)(II) AND (B)(I) OF SECTION 2.20 THEREOF, IF, DURING THE PERIOD BEGINNING ON
THE DAY AFTER THE EFFECTIVE DATE OF THIS AMENDMENT AND ENDING ON THE FIRST
ANNIVERSARY THEREAFTER, NSP REQUESTS AND OBTAINS A DECREASE IN THE APPLICABLE
MARGIN WITH RESPECT TO ANY TERM LOAN (OTHER THAN PURSUANT TO A REFINANCING OR AN
AMENDMENT AND RESTATEMENT OF THE CREDIT AGREEMENT), (A) NSP SHALL PAY TO THE
ADMINISTRATIVE AGENT, IN IMMEDIATELY AVAILABLE FUNDS, FOR THE ACCOUNT OF EACH
TERM LOAN LENDER, A FEE EQUAL TO 1% OF THE AGGREGATE AMOUNT OF SUCH LENDER’S
TERM LOANS THEN OUTSTANDING AND (B) THE PURCHASE PRICE FOR ANY TERM LOAN PAYABLE
BY A REPLACEMENT FINANCIAL INSTITUTION TO A TERM LOAN LENDER WHICH HAS BEEN
REPLACED AFTER HAVING WITHHELD ITS CONSENT TO SUCH A DECREASE SHALL BE 101% OF
PAR, PLUS ALL ACCRUED, BUT UNPAID, INTEREST AND FEES AND OTHER AMOUNTS OWING TO
THE REPLACED TERM LOAN LENDER ON OR PRIOR TO THE DATE OF REPLACEMENT; PROVIDED
THAT (X) THE FEE IN THE FOREGOING CLAUSE (A) SHALL BE PAID ONLY TO TERM LOAN
LENDERS WHICH CONSENT TO SUCH DECREASE AND (Y) THE PURCHASE PRICE IN THE
FOREGOING CLAUSE (B) SHALL APPLY ONLY IF SUCH REPLACEMENT OCCURS DURING THE
PERIOD BEGINNING ON THE DAY AFTER THE EFFECTIVE DATE OF THIS AMENDMENT AND
ENDING ON THE FIRST ANNIVERSARY THEREAFTER.  FOR THE AVOIDANCE OF DOUBT, THIS
SECTION 3 SHALL NOT APPLY IN THE INSTANCE IN WHICH NSP OBTAINS ANY ADDITIONAL
TERM LOAN PURSUANT TO SECTION 2.25 OF THE CREDIT AGREEMENT HAVING A LOWER
APPLICABLE MARGIN THAN THAT OF ANY THEN EXISTING TERM LOAN, BUT SHALL APPLY IF
NSP SUBSEQUENTLY REQUESTS A REDUCTION IN SUCH EXISTING TERM LOAN AS DESCRIBED
HEREIN.

 

SECTION 4.                                REPRESENTATIONS AND WARRANTIES.  THE
BORROWERS JOINTLY AND SEVERALLY REPRESENT AND WARRANT THAT THE REPRESENTATIONS
AND WARRANTIES MADE BY THE BORROWERS IN SECTION 4 OF THE CREDIT AGREEMENT, AFTER
GIVING EFFECT TO THIS AMENDMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY, ARE
TRUE AND CORRECT IN ALL MATERIAL RESPECTS, EXCEPT WHERE SUCH REPRESENTATIONS AND
WARRANTIES RELATE TO AN EARLIER DATE IN WHICH CASE SUCH REPRESENTATIONS AND
WARRANTIES ARE TRUE AND CORRECT IN ALL MATERIAL RESPECTS AS OF SUCH EARLIER
DATE.  THE BORROWERS JOINTLY AND SEVERALLY REPRESENT AND WARRANT THAT, AFTER
GIVING EFFECT TO THIS AMENDMENT, NO DEFAULT OR EVENT OF DEFAULT HAS OCCURRED AND
IS CONTINUING.

 

2

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

 

SECTION 5.                                EFFECTIVENESS.  THIS AMENDMENT SHALL
BE EFFECTIVE ON AND AS OF THE DATE OF THIS AMENDMENT AT SUCH TIME THAT (A) IT
SHALL HAVE BEEN EXECUTED AND DELIVERED BY THE REQUIRED LENDERS AND EACH TERM
LENDER AND (B) THE ACKNOWLEDGMENT AND CONSENT ATTACHED HERETO SHALL HAVE BEEN
EXECUTED AND DELIVERED BY EACH GUARANTOR.

 

SECTION 6.                                CONTINUING EFFECT OF CREDIT
AGREEMENT.  THIS AMENDMENT SHALL NOT CONSTITUTE A WAIVER, AMENDMENT OR
MODIFICATION OF ANY OTHER PROVISION OF THE CREDIT AGREEMENT NOT EXPRESSLY
REFERRED TO HEREIN AND SHALL NOT BE CONSTRUED AS A WAIVER OR CONSENT TO ANY
FURTHER OR FUTURE ACTION ON THE PART OF THE BORROWERS THAT WOULD REQUIRE A
WAIVER OR CONSENT OF THE LENDERS OR THE ADMINISTRATIVE AGENT.  EXCEPT AS
EXPRESSLY AMENDED OR MODIFIED HEREIN, THE PROVISIONS OF THE CREDIT AGREEMENT ARE
AND SHALL REMAIN IN FULL FORCE AND EFFECT.

 

SECTION 7.                                COUNTERPARTS.  THIS AMENDMENT MAY BE
EXECUTED BY ONE OR MORE OF THE PARTIES TO THIS AMENDMENT ON ANY NUMBER OF
SEPARATE COUNTERPARTS (INCLUDING BY FACSIMILE TRANSMISSION), AND ALL OF SAID
COUNTERPARTS TAKEN TOGETHER SHALL BE DEEMED TO CONSTITUTE ONE AND THE SAME
INSTRUMENT.  A SET OF THE COPIES OF THIS AMENDMENT SIGNED BY ALL THE PARTIES
SHALL BE LODGED WITH NSP AND THE ADMINISTRATIVE AGENT.

 

SECTION 8.                                PAYMENT OF EXPENSES.  THE BORROWERS
AGREE, JOINTLY AND SEVERALLY, TO PAY OR REIMBURSE THE ADMINISTRATIVE AGENT FOR
ALL OF ITS REASONABLE OUT-OF-POCKET COSTS AND EXPENSES INCURRED IN CONNECTION
WITH THE DEVELOPMENT, PREPARATION AND EXECUTION OF THIS AMENDMENT AND ANY OTHER
DOCUMENTS PREPARED IN CONNECTION HEREWITH, AND THE CONSUMMATION AND
ADMINISTRATION OF THE TRANSACTIONS CONTEMPLATED HEREBY, INCLUDING, WITHOUT
LIMITATION, THE REASONABLE FEES AND DISBURSEMENTS OF COUNSEL TO THE
ADMINISTRATIVE AGENT.

 

SECTION 9.                                GOVERNING LAW.  THIS AMENDMENT SHALL
BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK.

 

[Rest of page left intentionally blank]

 

3

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their respective duly authorized officers as of the
day and year first herein written.

 

 

NORCROSS SAFETY PRODUCTS L.L.C.

 

 

 

By: 

  /s/ David F. Myers, Jr.

 

 

 

  Name:

David F. Myers, Jr.

 

 

 

  Title:

Executive Vice President and
Chief Financial Officer

 

 

 

 

NORTH SAFETY PRODUCTS INC.

 

 

 

By: 

  /s/ David F. Myers, Jr.

 

 

 

  Name:

David F. Myers, Jr.

 

 

 

  Title:

Executive Vice President and
Chief Financial Officer

 

 

 

 

MORNING PRIDE MANUFACTURING L.L.C.

 

 

 

By: 

  /s/ David F. Myers, Jr.

 

 

 

  Name:

David F. Myers, Jr.

 

 

 

  Title:

Executive Vice President and
Chief Financial Officer

 

 

 

 

NORTH SAFETY PRODUCTS LTD.

 

 

 

By:

  /s/ David F. Myers, Jr.

 

 

 

  Name:

David F. Myers, Jr.

 

 

 

  Title:

Executive Vice President and
Chief Financial Officer

 

 

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

 

 

FLEET NATIONAL BANK, as Administrative
Agent and as a U.S. Lender

 

 

 

By: 

/s/ Michael DiSandro

 

 

 

  Name: Michael DiSandro

 

 

 

  Title: Director

 

 

 

 

CANADIAN IMPERIAL BANK OF
COMMERCE, solely as Syndication Agent

 

 

 

By: 

 

 

 

 

  Name:

 

 

 

  Title:

 

 

 

 

GENERAL ELECTRIC CAPITAL
CORPORATION, as Documentation Agent and
as a U.S. Lender

 

 

 

By:

/s/ Gerald Girardi

 

 

 

  Name:

Gerald Girardi

 

 

 

  Title:

Executive Director
CIBC World Markets Corp., as Agent

 

 

 

 

CANADIAN IMPERIAL BANK OF
COMMERCE, solely as Canadian Lender

 

 

 

By: 

/s/ Gerald Girardi

 

 

 

  Name:

Gerald Girardi

 

 

 

  Title:

Executive Director
CIBC World Markets Corp., as Agent

 

 

 

 

CIBC INC., as a U.S. Lender

 

 

 

By:

/s/ Gerald Girardi

 

 

 

  Name:

Gerald Girardi

 

 

 

  Title:

Executive Director
CIBC World Markets Corp., as Agent

 

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

Aeries Finance II Ltd.

 

 

 

By:

Patriarch Partners X, LLC

 

 

 

Its Managing Agent

 

 

 

 

 

 

By:

/s/ Lynn Tilton

 

 

 

Name: Lynn Tilton

 

 

 

Title: Manager

 

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

AIM FLOATING RATE FUND

 

By:

INVESCO Senior Secured Management, Inc. As Sub-Adviser

 

 

 

 

 

 

By:

/s/ Gregory Stoeckle

 

 

 

Name:  Gregory Stoeckle

 

 

 

Title:  Authorized Signatory

 

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

ANTARES CAPITAL CORPORATION

 

 

 

 

 

By:

/s/ Tyler W. Lindblad

 

 

Name:

Tyler W. Lindblad

 

 

Title:

Director

 

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

ANTARES FUNDING, L.P.

 

By:  JPMorgan Chase Bank, as trustee of the Antares Funding Trust created under
the Trust Agreement dated as of November 30, 1999.

 

 

 

 

 

 

By:

/s/ Leslie Hundley

 

 

Name:

Leslie Hundley

 

 

Title:

AVP

 

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

APEX (IDM) CDO I, LTD.
ELC (CAYMAN) LTD.

 

 

[NAME OF LENDER]

 

 

 

 

By:

Babson Capital Managment LLC
as Collateral Manager

 

 

 

 

 

 

By:

/s/ Glenn P Duffy

 

 

 

Name:  GLENN P DUFFY, CFA

 

 

 

Title:  Managing Director

 

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

ARCHIMEDES FUNDING IV (CAYMAN), LTD.

 

 

 

BY:

ING Capital Advisors LLC
as Collateral Manager

 

 

 

 

 

 

 

 

 

 

BY:

/s/ Robert D. Cohen

 

 

Name:

ROBERT D. COHEN

 

 

 

Title:

VICE PRESIDENT

 

 

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

AVALON CAPITAL LTD. 2

 

By:

INVESCO Senior Secured Management, Inc.

 

 

 

As Portfolio Advisor

 

 

 

 

 

 

 

 

 

 

By:

/s/ Gregory Stoeckle

 

 

 

Name:

Gregory Stoeckle

 

 

 

 

Title:

Authorized Signatory

 

 

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

BALANCED HIGH-YIELD FUND II, LTD.

 

 

 

By:

ING Capital Advisors LLC,

 

 

 

as Asset Manager

 

 

 

 

 

 

 

 

By:

/s/ [ILLEGIBLE]

 

 

Name:

 

 

Title:

 

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

 

 

 

BRYN MAWR CLO, Ltd.

 

 

By: Deerfield Capital Management LLC as its

 

 

 Collateral Manager

 

 

 

 

 

By:

/s/ Scott Morrison

 

 

 

Name:  Scott Morrison

 

 

 

Title:  Vice President

 

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

Centurion CDO II, Ltd.

 

By: American Express Asset Management

 

Group, Inc. as Collateral Manager

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ Robin C. Stancil

 

 

 

Name:

Robin C. Stancil

 

 

Title:

Supervisor - Fixed Income Support Team

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

Centurion CDO VI, Ltd.

 

By: American Express Asset Management

 

Group as Collateral Manager

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ Robin C. Stancil

 

 

 

Name:

Robin C. Stancil

 

 

Title:

Supervisor - Fixed Income Support Team

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

CHARTER VIEW PORTFOLIO

 

By:

INVESCO Senior Secured Management, Inc.

 

 

 

As Investment Advisor

 

 

 

 

 

 

 

 

 

 

By:

/s/ Gregory Stoeckle

 

 

 

Name:

Gregory Stoeckle

 

 

 

 

Title:

Authorized Signatory

 

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

CITICORP INSURANCE AND INVESTMENT TRUST

 

 

[NAME OF LENDER]

 

 

 

 

By:

Travelers Asset Management International Company LLC

 

 

 

 

 

By:

/s/ Allen R. Cantrell

 

 

 

Name:

Allen R. Cantrell

 

 

 

Title:

Investment Officer

 

 

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Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

Citigroup Investments Corporate Loan Fund Inc.

 

 

 

By: Travelers Asset Management International Company LLC

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ John P. O’Connell

 

 

 

Name:

John P. O’Connell

 

 

 

Title:

Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

DIVERSIFIED CREDIT PORTFOLIO LTD.

 

  By:

INVESCO Senior Secured Management, Inc.
as Investment Adviser

 

 

 

 

 

By:

/s/ Gregory Stoeckle

 

 

 

Name:

Gregory Stoeckle

 

 

 

 

Title:

Authorized Signatory

 

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

Dryden III Leveraged Loan CDO 2002,

 

By Prudential Investment Management Inc.,

 

As Collateral Manager

 

 

 

By:

/s/ Janet Crowe

 

 

Name:

Janet Crowe

 

 

Title:

Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

ELC (CAYMAN) LTD. CDO SERIES 1999-I

 

ELC (CAYMAN) LTD 1999-III

 

 

[NAME OF LENDER]

 

 

 

 

By:

Babson Capital Management LLC

 

 

 

as Collateral Manager

 

 

 

 

 

 

By:

/s/ Glenn P Duffy

 

 

 

Name:

GLENN P DUFFY, CFA

 

 

 

 

Title:

Managing Director

 

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

ELC (CAYMAN) LTD 2000-I

 

TRYON CLO LTD. 2000-I

 

 

[NAME OF LENDER]

 

 

 

 

By:

Babson Capital Management LLC as Collateral
Manager

 

 

 

 

 

By:

/s/ Glenn P Duffy

 

 

 

Name:

GLENN P DUFFY, CFA

 

 

 

Title:

Managing Director

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

ENDURANCE CLO I, LTD.

 

 

 

By:

ING Capital Advisors LLC,

 

 

 

  as Portfolio Manager

 

 

 

 

 

 

 

 

 

 

By:

/s/ Robert D. Cohen

 

 

Name: Robert D. Cohen

 

 

Title: Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

Flagship CCO II

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ Mark S. Pelletier

 

 

 

Name:

Mark S. Pelletier

 

 

 

Title:

Director

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

Flagship CCO 2001-I

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ Mark S. Pelletier

 

 

 

Name:

Mark S. Pelletier

 

 

 

Title:

Director

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

 

 

FOREST CREEK CLO, Ltd.

 

 

By: Deerfield Capital Management LLC as its

 

 

 Collateral Manager

 

 

 

 

 

By:

/s/ Scott Morrison

 

 

 

Name:  Scott Morrison

 

 

 

Title:  Vice President

 

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

Franklin CLO III, Limited

FRANKLIN CLO IV, LIMITED

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ David Ardini

 

 

 

Name:  DAVID ARDINI

 

 

 

Title:  VICE PRESIDENT

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

FRANKLIN FLOATING RATE
DAILY ACCESS FUND

 

 

 

 

 

Franklin Floating Rate Trust

 

 

 

 

 

Franklin Floating Rate Master Series

 

 

[NAME OF LENDER]

 

 

 

 

By:

/s/ Richard Hsu

 

 

 

Name: Richard Hsu

 

 

 

Title: Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

GLENEAGLES TRADING LLC

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ Meredith J. Koslick

 

 

 

Name:

MEREDITH J. KOSLICK

 

 

 

Title:

ASSISTANT VICE PRESIDENT

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

GMAC COMMERCIAL FINANCE LLC

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ Michael Williams

 

 

 

Name:

MICHAEL WILLIAMS

 

 

 

Title:

Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

GoldenTree Loan Opportunities I, Ltd.

 

 

By: GoldenTree Asset Management, LP

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ Frederick S. Haddad

 

 

 

Name:  FREDERICK S. HADDAD

 

 

 

Title: 

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

GoldenTree Loan Opportunities II, Ltd.

 

 

By: GoldenTree Asset Management, LP

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ Frederick S. Haddad

 

 

 

Name:  FREDERICK S. HADDAD

 

 

 

Title: 

 

 

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

 

 

Hewett’s Island CDO, Ltd.

 

By:  Cypress Tree Investment Management Company, Inc.,

 

as Portfolio Manager,

 

 

 

 

 

 

 

By: 

   /s/ Jeffrey Megar

 

 

 

 

 

 

Name: 

JEFFREY MEGAR

 

 

Title: 

Director

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

ING-ORYX CLO, LTD.

 

 

 

BY:

ING Capital Advisors LLC.

 

 

 

as Collateral Manager

 

 

 

 

 

 

BY:

/s/ Robert D. Cohen

 

 

Name:

ROBERT D. COHEN

 

 

 

Title:

VICE PRESIDENT

 

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

 

 

ING PRIME RATE TRUST

 

 

By:

ING Investments Management, Co.
as its investment manager

 

 

 

 

 

By:

/s/ Theodore M. Haag

 

 

 

Name:  Theodore M. Haag

 

 

 

Title:  Vice President

 

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

INVESCO EUROPEAN CDO I S.A.

 

By:

INVESCO Senior Secured Management, Inc.
As Collateral Manager

 

 

 

 

 

By:

/s/ Gregory Stoeckle

 

 

 

Name:

Gregory Stoeckle

 

 

 

 

Title:

Authorized Signatory

 

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

KZH CYPRESSTREE-1 LLC

 

 

 

 

 

By:

/s/ Joyce Fraser-Bryant

 

 

 

Name:

JOYCE FRASER-BRYANT

 

 

 

Title:

AUTHORIZED AGENT

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

KZH STERLING LLC

 

 

 

 

 

By:

/s/ Joyce Fraser-Bryant

 

 

 

Name:

JOYCE FRASER-BRYANT

 

 

 

Title:

AUTHORIZED AGENT

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

LOAN FUNDING IV, LLC

 

By: Highland Capital Management, L.P.

 

As Portfolio Manager

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ Mark Okada

 

 

 

Name:

Mark Okada

 

 

 

Title:

Chief Investment Officer
Highland Capital Management, L.P.

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

LONG GROVE CLO, LIMITED

 

By: Deerfield Capital Management LLC as its

 

 Collateral Manager

 

 

 

By:

  /s/ Scott Morrison

 

 

Name:  Scott Morrison

 

 

Title:  Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

MARINER CDO 2002, LTD.

 

 

 

 

 

By:

  /s/ Tyler W. Lindblad

 

 

Name:

Tyler W. Lindblad

 

 

Title:

Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

MERRILL LYNCH CAPITAL, a division of

 

Merrill Lynch Business Financial Services Inc.

 

 

 

 

 

By:

  /s/ Julia F. Maslanka

 

 

Name:

Julia F. Maslanka

 

 

Title:

Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

METROPOLITAN LIFE INSURANCE COMPANY

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

  /s/ James R. Dingler

 

 

 

Name:

James R. Dingler

 

 

 

Title:

Director

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

ML CLO XII PILGRIM AMERICA

 

(CAYMAN) LTD,

 

By: ING Investments, LLC
as its investment manager

 

 

 

By:

/s/ Theodore M. Haag

 

 

Name:  Theodore M. Haag

 

 

Title:  Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

 

 

ML CLO XV PILGRIM AMERICA

 

 

(CAYMAN) LTD,

 

 

By: ING Investments, LLC
as its investment manager

 

 

 

 

 

By:

/s/ Theodore M. Haag

 

 

 

Name:  Theodore M. Haag

 

 

 

Title:  Vice President

 

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

Monument Capital Ltd., as Assignee

 

By:  Alliance Capital Management L.P.,

 

as Investment Manager

 

By:  Alliance Capital Management Corporation,

 

as General Partner

 

 

 

By:

/s/ Joel Serebransky

 

 

 

Name:

Joel Serebransky

 

 

 

Title:

Senior Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

MUIRFIELD TRADING LLC

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

/s/ Meredith J. Koslick

 

 

 

Name:  MEREDITH J. KOSLICK

 

 

 

Title:  ASSISTANT VICE PRESIDENT

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

National City Bank

 

 

 

 

 

 

By:

/s/ Renee M. Bonnell

 

 

 

Name:

Renee M. Bonnell

 

 

 

Title:

Account Officer

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

Oasis Collateralized High Income Portfolios-1, Ltd.

 

 

 

By:

Patriarch Partners XIII, LLC

 

 

Its Managing Agent

 

 

 

 

 

By:

/s/ Lynn Tikon

 

 

 

Name:

Lynn Tikon

 

 

 

Title:

Manager

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

ROSEMONT CLO, Ltd.

 

By: Deerfield Capital Management LLC as its

 

  Collateral Manager

 

 

 

By:

  /s/ Scott Morrison

 

 

Name:  Scott Morrison

 

 

Title:  Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

SARATOGA CLO I, LIMITED

 

By:

INVESCO Senior Secured Management, Inc.

 

 

As Asset Manager

 

 

 

 

 

By:

  /s/ Gregory Stoeckle

 

 

 

Name:

Gregory Stoeckle

 

 

 

Title:

Authorized Signatory

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

Sequils-Centurion V, Ltd.

 

 

 

By: American Express Asset Management

 

 

 

Group, Inc. as Collateral Manager

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

  /s/ Robin C. Stancil

 

 

 

Name:

Robin C. Stancil

 

 

Title:

Supervisor - Fixed Income Support Team

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

SEQUILS-Cumberland I, Ltd.

 

By: Deerfield Capital Management LLC as its

 

  Collateral Manager

 

 

 

By:

/s/ Scott Morrison

 

 

Name:  Scott Morrison

 

 

Title:  Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

SEQUILS-LIBERTY, LTD.

 

By:

INVESCO Senior Secured Management, Inc.

 

 

As Collateral Manager

 

 

 

 

 

By:

  /s/ Gregory Stoeckle

 

 

 

Name:

Gregory Stoeckle

 

 

 

Title:

Authorized Signatory

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

SEQUILS - PILGRIM I, LTD

 

By: ING Investments, LLC
as its investment manager

 

 

 

By:

  /s/ Theodore M. Haag

 

 

Name:  Theodore M. Haag

 

 

Title:  Vice President

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

SIGNATURE 5 L.P.

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

  /s/ Steven S. Lee

 

 

 

Name:

Steven S. Lee

 

 

 

Title:

Managing Director

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

SIGNATURE 7 L.P.

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

  /s/ Steven S. Lee

 

 

 

Name:

Steven S. Lee

 

 

 

Title:

Managing Director

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

Stanfield Carrera CLO, Ltd.

 

 

By:  Stanfield Capital Partners LLC
as its Asset Manager

 

 

 

 

 

 

By:

  /s/ Christopher E. Jansen

 

 

 

Name:

Christopher E. Jansen

 

 

 

Title:

Managing Partner

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

THE TRAVELERS INSURANCE COMPANY

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

  /s/ Allen R. Cantrell

 

 

 

Name:

Allen R. Cantrell

 

 

 

Title:

Investment Officer

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

Venture II CDO, Limited

 

 

 

 

 

By its investment advisor MJX Asset Management LLC

 

 

 

 

 

 

/s/ Kenneth Ostmann

 

 

Name:

Kenneth Ostmann

 

 

Title:

Director

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

Venture CDO 2002, Limited

 

 

 

 

 

By its investment advisor MJX Asset Management LLC

 

 

 

 

 

 

/s/ Kenneth Ostmann

 

 

Name:

Kenneth Ostmann

 

 

Title:

Director

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

WACHOVIA BANK, NATIONAL ASSOCIATION

 

 

[NAME OF LENDER]

 

 

 

 

 

 

By:

  /s/ Kenneth M. Gacevich

 

 

 

Name:

Kenneth M. Gacevich

 

 

 

 

Title:

Vice President

 

 

 

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

 

 

Signature page to the THIRD AMENDMENT dated as of September 30, 2004 (this
“Amendment”), to the Second Amended and Restated Credit Agreement, dated as of
March 20, 2003, as amended (as so amended, the “Credit Agreement”), among
NORCROSS SAFETY PRODUCTS L.L.C., a Delaware limited liability company (“NSP”),
NORTH SAFETY PRODUCTS INC., a Delaware corporation (“North Safety”), MORNING
PRIDE MANUFACTURING L.L.C., a Delaware limited liability company (“Morning
Pride,” together with NSP and North Safety, the “U.S. Borrowers”), NORTH SAFETY
PRODUCTS LTD., a company organized and existing under the laws of Ontario
(“North Safety Canada” and, together with the U.S. Borrowers, the “Borrowers”),
the several banks and other financial institutions or entities from time to time
parties thereto (the “U. S. Lenders”), CANADIAN IMPERIAL BANK OF COMMERCE (the
“Canadian Lender”), GENERAL ELECTRIC CAPITAL CORPORATION, as documentation agent
(in such capacity, the “Documentation Agent”), CANADIAN IMPERIAL BANK OF
COMMERCE, as syndication agent (in such capacity, the “Syndication Agent”) and
FLEET NATIONAL BANK, as administrative agent (in such capacity, the
“Administrative Agent”).

 

 

 

 

 

Windsor Loan Funding, Limited
By:  Stanfield Capital Partners LLC
as its Investment Manager

 

 

 

 

 

 

 

 

 

By:

  /s/ Christopher E. Jansen

 

 

 

Name:

Christopher E. Jansen

 

 

 

Title:

Managing Partner

 

 

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

 

ACKNOWLEDGMENT AND CONSENT

 

Each of the undersigned as guarantors under the Second Amended and Restated
Guarantee and Collateral Agreement, dated as of March 20, 2003 (as amended,
supplemented or otherwise modified from time to time, the “Guarantee”), made by
the undersigned in favor of the Administrative Agent, for the benefit of the
Lenders, hereby (a) consents to the transactions contemplated by this Amendment,
and (b) acknowledges and agrees that the guarantees (and grants of collateral
security therefor) contained in such Guarantee are, and shall remain, in full
force and effect after giving effect to this Amendment, and all prior
modifications to the Credit Agreement and the Guarantee.

 

 

NSP HOLDING L.L.C.

 

 

 

By: 

  /s/ David F. Myers, Jr.

 

 

 

  Name:

David F. Myers, Jr.

 

 

 

  Title:

Executive Vice President and
Chief Financial Officer

 

 

 

 

NORCROSS SAFETY PRODUCTS L.L.C.

 

 

 

By: 

  /s/ David F. Myers, Jr.

 

 

 

  Name:

David F. Myers, Jr.

 

 

 

  Title:

Executive Vice President and
Chief Financial Officer

 

 

 

 

MORNING PRIDE MANUFACTURING L.L.C.

 

 

 

By: 

  /s/ David F. Myers, Jr.

 

 

 

  Name:

David F. Myers, Jr.

 

 

 

  Title:

Executive Vice President and
Chief Financial Officer

 

 

 

 

NORTH SAFETY PRODUCTS INC.

 

 

 

By:

  /s/ David F. Myers, Jr.

 

 

 

  Name:

David F. Myers, Jr.

 

 

 

  Title:

Executive Vice President and
Chief Financial Officer

 

 

 

 

NORTH SAFETY MEXICO HOLDINGS LLC

 

 

 

By:

  /s/ David F. Myers, Jr.

 

 

 

  Name:

David F. Myers, Jr.

 

 

 

  Title:

Executive Vice President and
Chief Financial Officer

 

 

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