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

FIRST AMENDMENT TO CREDIT AGREEMENT

     THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into
as of January 10, 2002, between SCP POOL CORPORATION, a Delaware corporation
(the “Borrower”), and BANK ONE, NA, as administrative agent (in such capacity,
the “Administrative Agent”).

BACKGROUND

A.  

The Borrower and the Administrative Agent are parties to that certain Credit
Agreement dated as of November 27, 2001 (as the same may be amended, modified,
supplemented, or restated from time to time, the “Credit Agreement”; terms
defined in the Credit Agreement and not otherwise defined herein shall be used
herein as defined in the Credit Agreement).

B.  

The Borrower has requested an amendment to Schedule 1 of the Credit Agreement,
and the Administrative Agent has agreed to such amendment, subject to the terms
and conditions contained herein.

     NOW, THEREFORE, in consideration of the covenants, conditions and
agreements hereafter set forth, and for other good and valuable consideration,
the receipt and adequacy of which are all hereby acknowledged, the parties
hereto covenant and agree as follows:

1.  

AMENDMENT TO THE CREDIT AGREEMENT. The Credit Agreement is hereby amended as
follows:

(a)  

Amendment to Schedule 1 to the Credit Agreement. Effective as of the date
hereof, all references in the Credit Agreement to “Schedule 1” shall be deemed
to refer to the “Schedule 1” attached hereto as Schedule 1.

2.  

REPRESENTATIONS AND WARRANTIES TRUE; NO DEFAULT. By its execution and delivery
hereof, the Borrower represents and warrants to the Administrative Agent that,
as of the date hereof:

(a)  

after giving effect to this Amendment, the representations and warranties
contained in the Credit Agreement and the other Loan Documents are true and
correct in all material respects on and as of the date hereof as made on and as
of such date, except for any representations and warranties made as of a
specific date, which shall be true and correct or shall have been true, as
applicable, in all material respects as of such specific date; and

(b)  

after giving effect to this Amendment, no event has occurred and is continuing
which constitutes a Default or an Unmatured Default.

3.  

CONDITIONS OF EFFECTIVENESS. This Amendment shall not be effective until each of
the following conditions precedent shall have been satisfied:

FIRST AMENDMENT TO CREDIT AGREEMENT –Page 1

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

(a)  

The Administrative Agent shall have received all of the following, each dated
(unless otherwise indicated) the date of this Amendment, in form and substance
reasonably satisfactory to the Administrative Agent:

(i)  

This Amendment executed by the Borrower and the Administrative Agent and
acknowledged by the Guarantors.

(ii)  

Guaranty Supplements (as defined in the Guaranty) executed by SCP Northpark LLC
and SCP Services LP.

(iii)  

Security Agreement Supplements (as defined in the Security Agreement) executed
by SCP Northpark LLC and SCP Services LP.

(iv)  

Copies of the certificate of limited partnership or certificate of formation, as
applicable, of SCP Northpark LLC and SCP Services LP, together with all
amendments, and certificates of existence and good standing, each certified by
the appropriate governmental officer in their respective jurisdiction of
organization.

(v)  

Copies, certified by the Secretary or Assistant Secretary of each of SCP
Northpark LLC and the general partner of SCP Services LP, of its limited
liability company agreement and partnership agreement, as applicable, and
resolutions of the Board of Directors of SCP Northpark LLC and the general
partner of SCP Services LP authorizing the execution of the Loan Documents to
which each such Person is a party.

(vi)  

An incumbency certificate, executed by the Secretary or Assistant Secretary of
each of SCP Northpark LLC and the general partner of SCP Services LP, which
shall identify by name and title and bear the signatures of the Authorized
Officers and any other officers of SCP Northpark LLC and the general partner of
SCP Services LP authorized to sign the Loan Documents to which each such Person
is a party, upon which certificate the Administrative Agent shall be entitled to
rely until informed of any change in writing by any such Person.

(vii)  

A bring down certificate of the Secretary or Assistant Secretary of SCP
Distributors LLC certifying that its certificate of formation and the limited
liability company agreement have not been modified in any respect from the
copies thereof previously provided to the Administrative Agent.

(viii)  

A written opinion of the Borrower's counsel, addressed to the Administrative
Agent and the Lenders.

(ix)  

Uniform Commercial Code financing statements covering such Collateral (as
defined in the Security Agreement) of SCP Northpark LLC and SCP Services LP as
the Administrative Agent may request.

(x)  

The insurance certificate as described in Section 5.21 of the Credit Agreement
and Section 4.3.2 of the Security Agreement.

FIRST AMENDMENT TO CREDIT AGREEMENT –Page 2

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

(xi)  

Such other documents as the Administrative Agent may reasonably request.

4.  

REFERENCE TO CREDIT AGREEMENT. Upon the effectiveness of this Amendment, each
reference in the Credit Agreement to “this Agreement,” “hereunder,” or words of
like import shall mean and be a reference to the Credit Agreement, as affected
and amended by this Amendment.

5.  

COUNTERPARTS; EXECUTION VIA FACSIMILE. This Amendment may be executed in one or
more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. This Amendment may be
validly executed and delivered by facsimile or other electronic transmission.

6.  

GOVERNING LAW; BINDING EFFECT. This Amendment shall be governed by and construed
in accordance with the laws of the State of Texas and shall be binding upon the
Borrower, the Administrative Agent, and their respective successors and assigns.

7.  

HEADINGS. Section headings in this Amendment are included herein for convenience
of reference only and shall not constitute a part of this Amendment for any
other purpose.

8.  

LOAN DOCUMENT. This Amendment is a Loan Document and is subject to all
provisions of the Credit Agreement applicable to Loan Documents, all of which
are incorporated in this Amendment by reference the same as if set forth in this
Amendment verbatim.

9.  

NO ORAL AGREEMENTS. THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS
REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

[Balance of page intentionally left blank.]

FIRST AMENDMENT TO CREDIT AGREEMENT –Page 3

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

      IN WITNESS WHEREOF, the Borrower and the Administrative Agent have
executed this Amendment as of the date first above written.

  BORROWER:     SCP POOL CORPORATION      
By:_______________________________________   Manuel J. Perez de la Mesa  
President and Chief Executive Officer

FIRST AMENDMENT TO CREDIT AGREEMENT –Page 4

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

  ADMINISTRATIVE AGENT:    BANK ONE, NA,  as Administrative Agent    
 By:__________________________________  John Horst  Vice President

FIRST AMENDMENT TO CREDIT AGREEMENT –Page 5

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

      Guarantors hereby consent and agree to this Amendment and agree that,
subsequent to the execution of this Amendment, the Guaranty shall remain in full
force and effect and shall continue to be the legal, valid and binding
obligation of Guarantors enforceable against Guarantors in accordance with its
terms. In addition, Guarantors hereby agree that the Security Agreement and
other Loan Documents they are parties to, shall remain in full force and effect
and shall continue to (i) secure the Secured Obligations and (ii) be the legal,
valid and binding obligations of Guarantors and enforceable against Guarantors
in accordance with their respective terms.

  GUARANTORS:     SCP DISTRIBUTORS LLC      
By:_____________________________________________  
Name:___________________________________________  
Title:____________________________________________     SCP PROPERTY CO.      
By:_____________________________________________  
Name:___________________________________________  
Title:____________________________________________     ALLIANCE PACKAGING, INC.
      By:_____________________________________________  
Name:___________________________________________  
Title:____________________________________________     SUPERIOR POOL PRODUCTS
LLC       By:_____________________________________________  
Name:___________________________________________  
Title:____________________________________________

FIRST AMENDMENT TO CREDIT AGREEMENT  Page 6

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

  SCP ACQUISITION CO. LLC     By:   SCP Distributors LLC,         as its sole
member       By:______________________________________________  
Name:______________________________________________  
Title:______________________________________________       SCP INTERNATIONAL,
INC.       By:______________________________________________  
Name:______________________________________________  
Title:______________________________________________       SCP SERVICES LP      
By:   SCP Distributors LLC,         as its general partner      
By:______________________________________________  
Name:______________________________________________  
Title:______________________________________________       SCP NORTHPARK LLC    
  By:______________________________________________  
Name:______________________________________________  
Title:______________________________________________

FIRST AMENDMENT TO CREDIT AGREEMENT –Page 7

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

Schedule 1

Schedule 1 to Credit Agreement

Subsidiaries and Other Investments

FIRST AMENDMENT TO CREDIT AGREEMENT –Page 8

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

SCHEDULE 1

Subsidiary and Other Investments:

    Authorized   Percentage   Name  Jurisdictions  Shares   Ownership SCP
Distributors LLC  Delaware  1,000   100 % Superior Pool Products LLC  Delaware 
1,000   100 % SCP Property Co.  Delaware  1,000   100 % Alliance Packaging,
Inc.  Delaware  1,000   100 % SCP Acquisition Co. LLC  Delaware  1,000   100 %
SCP International, Inc.  Delaware  1,000   100 % SCP Services LP  Delaware  100
  100 % SCP Northpark LLC  Delaware  1,000   100 % SCP Barbados, Inc.  Barbados 
1,000   100 % SCP Pool Holdings, B.V  Netherlands  1,000   100 % SCP Pool, B.V 
Netherlands  1,000   100 % SCP (UK) Holdings Limited  United Kingdom  228   100
% Norcal Pool Supplies Limited  dormant company-  450   100 %   United Kingdom
SCP (UK) Limited  United Kingdom  90,000   100 % The Swimming Pool Warehouse
Limited  dormant company-  3,500   100 %   United Kingdom Garden Leisure
Products Limited  dormant company-  10,000   100 %   United Kingdom South
Central Pools (France), S.A.S  France  11,500   100 % Jean Albuoy SA  France 
305   100 % SCP Distributors Inc. Canada  Canada  100   100 %

FIRST AMENDMENT TO CREDIT AGREEMENT –Page 9

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

Bonin Consultores E Servicos, LDA   Portugal   5,000   100 % Exporlinea
Importacao E Exportacao De Equipamentos Par  Portugal  5,000   100 % Tratamento
De Aguas E Oustros, LDA 

FIRST AMENDMENT TO CREDIT AGREEMENT –Page 10