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POST-PETITION CREDIT, SECURITY AND GUARANTY AGREEMENT

dated as of November 15, 2001,

among

THE CIT GROUP/BUSINESS CREDIT, INC.,

as Lender,

SWEET FACTORY, INC.,

as Borrower,

and

SWEET FACTORY GROUP, INC.,

SF PROPERTIES, INC.

and

SF CANDY COMPANY,

as Guarantors

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FIRST AMENDMENT AGREEMENT

dated as of January 9, 2001

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FIRST AMENDMENT AGREEMENT

    This FIRST AMENDMENT AGREEMENT, dated as of January 9, 2002 (this
"Amendment"), is among SWEET FACTORY, INC., a Delaware corporation ("Borrower"),
SWEET FACTORY GROUP, INC. a Delaware corporation ("SF Parent"), SF CANDY
COMPANY, a Delaware corporation ("SF Candy"), SF PROPERTIES, INC., a Delaware
corporation ("SF Properties" and together with Borrower, SF Parent and SF Candy,
collectively, the "SF Companies" and, individually, "SF Company"), and THE CIT
GROUP/BUSINESS CREDIT, INC., a New York corporation ("Lender").

PRELIMINARY STATEMENTS:

    (1) The SF Companies and Lender are parties to the Post-Petition Credit,
Security and Guaranty Agreement, dated as of November 15, 2001 (as the same may
from time be amended, restated or otherwise modified, the "Credit Agreement";
unless otherwise defined herein the terms defined therein are used herein as so
defined).

    (2) On December 19, 2001, the Bankruptcy Court entered the Final Order,
which contained certain modifications to the Credit Agreement.

    (3) The parties hereto desire to amend the Credit Agreement to incorporate
such modifications contained in the Final Order.

    NOW, THEREFORE, the parties hereby agree as follows:

    SECTION 1.  AMENDMENTS.  Sections 10.1(h), (n), (s) and (x) of the Credit
Agreement are hereby amended and restated in their entirety as follows:

    (h) an event of default or a breach or failure by any Credit Party to comply
with the provisions of any of the other Loan Documents (after giving effect to
any applicable grace or cure period) shall occur after the Closing Date;

    (n) an order with respect to any of the Cases shall be entered by the
Bankruptcy Court, or an application for an order with respect to any of the
Cases shall be filed by (x) any party (other than the Committee or any of the SF
Companies), which application shall not be fully and finally dismissed with
prejudice within 30 days after the filing of such application, or (y) the
Committee or any of the SF Companies, seeking relief, (i) revoking, reversing or
staying, the Interim Order or the Final Order, or modifying, supplementing or
amending the Interim Order or the Final Order in a manner adverse to Lender in
its sole opinion, (ii) permitting any administrative expense or any claim (now
existing or hereafter arising, or any kind or nature whatsoever) to have
administrative priority as to any SF Company equal or superior to the priority
of Lender in respect of the Obligations, (iii) granting or permitting the grant
of a Lien on any of the Collateral, (iv) invalidating or otherwise challenging
any of the Liens of Lender securing the Pre- Petition Obligations, or otherwise
objecting to, or raising defenses to, the extent, amount, validity, perfection,
priority, or enforceability of any of the Pre-Petition Obligations or Liens
securing any of the Pre-Petition Obligations, (v) after entry of the Final
Order, surcharging under Section 506(c) of the Bankruptcy Code any Collateral
that secures any of the Pre-Petition Obligations, or (vi) permitting the use of
Lender's cash collateral except as permitted by the Carve-Out;

    (s) an application for the approval of any other Super-Priority Claim (other
than the Carve-Out) in any of the Cases that is pari passu with or senior to the
claims of Lender against any SF Company hereunder shall be filed by (x) any
party (other than the Committee or any of the SF Companies), which application
shall not be fully and finally dismissed with prejudice within

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30 days after the filing of such application, or (y) the Committee or any of the
SF Companies, or there shall arise or be granted any such pari passu or senior
Super-Priority Claim;

    (x) an application for an order with respect to any of the Cases shall be
filed by (x) any party (other than the Committee or any of the SF Companies),
which application shall not be fully and finally dismissed with prejudice within
30 days after the filing of such application, or (y) the Committee or any of the
SF Companies, seeking an Avoidance Action, or an Avoidance Action shall be
granted by the Bankruptcy Court; provided, however, that an Avoidance Action
brought by any party other than the SF Companies that seeks only a judicial
determination that liens granted by any of the SF Companies to Existing Agent,
for the benefit of the Existing Lenders, in the Pre-Petition Collateral were not
properly perfected as of November 15, 2001 or the amount of the Prepetition
Indebtedness, as defined in the Final Order, is in error shall not constitute an
Event of Default hereunder.

    SECTION 2.  REPRESENTATIONS AND WARRANTIES.  Each SF Company represents and
warrants as follows:

    2.1.  Authorization and Validity of Amendment.  This Amendment has been duly
authorized by all necessary corporate action, has been duly executed and
delivered by its duly authorized officer, and constitutes the valid and binding
agreement of such SF Company, enforceable against such SF Company in accordance
with its terms except as enforcement thereof may be subject to the effect of any
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting creditors' rights generally and general principles of equity
(regardless of whether such enforcement is sought in a proceeding in equity or
at law or otherwise).

    2.2.  Representations and Warranties.  After giving effect to this
Amendment, the representations and warranties of the SF Companies contained in
the Credit Agreement or in the other Loan Documents are true and correct in all
material respects on and as of the date hereof, as though made on and as of the
date hereof, except to the extent that such representations and warranties
expressly relate to an earlier specified date, in which case such
representations and warranties are hereby reaffirmed as true and correct in all
material respects as of the date when made.

    2.3.  No Event of Default.  After giving effect to this Amendment, no
Default or Event of Default will exist.

    2.4.  No Claims.  There is no claim or offset against, or defense or
counterclaim to, any of the obligations or liabilities of any of the SF
Companies under the Credit Agreement or any other Loan Document.

    SECTION 3.  RATIFICATIONS.  Except as expressly modified and superseded by
this Amendment, the terms and provisions of the Credit Agreement are ratified
and confirmed and shall continue in full force and effect.

    SECTION 4.  CONDITIONS TO EFFECTIVENESS.  The waiver and amendments set
forth in Section 1 of this Amendment shall become effective upon the
satisfaction of the following conditions precedent:

    (a) after giving effect to the terms of this Amendment, no default or event
of default shall exist under the Credit Agreement or any other Loan Document;

    (b) each Guarantor (other than the SF Guarantors) shall have acknowledged
and agreed to the terms of this Amendment;

    (c) the SF Companies shall have paid all reasonable legal fees and expenses
of Lender in connection with this Amendment and the documents executed in
connection herewith; and

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    (d) the SF Companies shall have provided such other items and shall have
satisfied such other conditions as may be reasonably required by Lender.

    SECTION 5.  MISCELLANEOUS.  

    5.1.  Survival of Representations and Warranties.  All representations and
warranties made in this Amendment shall survive the execution and delivery of
this Amendment, and no investigation by Lender or any subsequent Revolving Loan
or other extension of credit under the Credit Agreement shall affect the
representations and warranties or the right of Lender to rely upon them.

    5.2.  Reference to Credit Agreement.  The Credit Agreement and any and all
other agreements, instruments or documentation now or hereafter executed and
delivered pursuant to the terms of the Credit Agreement as amended hereby, are
hereby amended so that any reference therein to the Credit Agreement shall mean
a reference to the Credit Agreement as amended hereby.

    5.3.  Severability.  Any term or provision of this Amendment held by a court
of competent jurisdiction to be invalid or unenforceable shall not impair or
invalidate the remainder of this Amendment and the effect thereof shall be
confined to the term or provision so held to be invalid or unenforceable.

    5.4.  Headings.  The headings, captions and arrangements used in this
Amendment are for convenience only and shall not affect the interpretation of
this Amendment.

    5.5.  Entire Agreement.  This Amendment is specifically limited to the
matters expressly set forth herein. This Amendment and all other instruments,
agreements and documentation executed and delivered in connection with this
Amendment embody the final, entire agreement among the parties hereto with
respect to the subject matter hereof and supersede any and all prior
commitments, agreements, representations and understandings, whether written or
oral, relating to the matters covered by this Amendment, and may not be
contradicted or varied by evidence of prior, contemporaneous or subsequent oral
agreements or discussions of the parties hereto. There are no oral agreements
among the parties hereto relating to the subject matter hereof or any other
subject matter relating to the Credit Agreement. Except as set forth herein, the
Credit Agreement shall remain in full force and effect and be unaffected hereby.

    5.6.  Counterparts.  This Amendment may be executed by the parties hereto
separately in one or more counterparts and by facsimile signature, each of which
when so executed shall be deemed to be an original, but all of which when taken
together shall constitute one and the same agreement.

    5.7.  Applicable Law.  THE VALIDITY, INTERPRETATION AND ENFORCEMENT OF THIS
AMENDMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF ILLINOIS.

    5.8.  Jury Trial Waiver.  EACH OF THE SF COMPANIES AND LENDER HEREBY WAIVES
ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF THIS
AMENDMENT, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREUNDER
OR THEREUNDER. EACH OF THE SF COMPANIES HEREBY IRREVOCABLY WAIVES PERSONAL
SERVICE OF PROCESS AND CONSENTS TO SERVICE OF PROCESS BY CERTIFIED OR REGISTERED
MAIL, RETURN RECEIPT REQUESTED. IN NO EVENT WILL LENDER BE LIABLE FOR LOST
PROFITS OR OTHER SPECIAL OR CONSEQUENTIAL DAMAGES.

[Remainder of page intentionally left blank.]

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    IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as
of the date first above written.

    BORROWER:
 
 
SWEET FACTORY, INC.
 
 
By:
/s/ TED A. SHEPHERD   

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    Name: Ted A. Shepherd     Title: President and Chief Operating Officer
 
 
SF GUARANTORS:
 
 
SWEET FACTORY GROUP, INC.
 
 
By:
/s/ TED A. SHEPHERD   

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    Name: Ted A. Shepherd     Title: President and Chief Operating Officer
 
 
SF PROPERTIES, INC.
 
 
By:
/s/ TED A. SHEPHERD   

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    Name: Ted A. Shepherd     Title: President and Chief Operating Officer
 
 
SF CANDY COMPANY
 
 
By:
/s/ TED A. SHEPHERD   

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    Name: Ted A. Shepherd     Title: President and Chief Operating Officer
 
 
LENDER:
 
 
THE CIT GROUP/BUSINESS CREDIT, INC.
 
 
By:
/s/ ROBERT W. AGLER   

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    Name: Robert W. Agler     Title: Vice President

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GUARANTOR ACKNOWLEDGMENT

    Each of the undersigned acknowledges and agrees to the terms of the
foregoing First Amendment Agreement. Each of the undersigned further agrees that
its obligations pursuant to its Guaranty shall remain in full force and effect
and be unaffected hereby.

    FANNIE MAY HOLDINGS, INC.
 
 
By:
/s/ TED A. SHEPHERD   

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    Name: Ted A. Shepherd     Title: President and Chief Operating Officer
 
 
ARCHIBALD CANDY CORPORATION
 
 
By:
/s/ TED A. SHEPHERD   

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    Name: Ted A. Shepherd     Title: President and Chief Operating Officer
 
 
ARCHIBALD CANDY (CANADA) CORPORATION
 
 
By:
/s/ TED A. SHEPHERD   

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    Name: Ted A. Shepherd     Title: President and Chief Operating Officer

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FIRST AMENDMENT AGREEMENT
GUARANTOR ACKNOWLEDGMENT