Exhibit 10.16

 

EXECUTION COPY

 

AMENDMENT No. 4 and AGREEMENT dated as of October 29, 2005 (this “Amendment”),
to the Credit Agreement dated as of January 25, 2001, as amended by Amendment
No. 1 and Agreement dated as of February 11, 2002, Amendment No. 2 dated as of
May 1, 2004 and Amendment No. 3, Consent and Release dated as of August 18, 2004
(the “Credit Agreement”), among COLLINS & AIKMAN FLOORCOVERINGS, INC., a
Delaware corporation (the “Borrower”), TANDUS GROUP, INC., a Virginia
corporation formerly named CAF Holdings, Inc. (“Holdings”), the Lenders (as
defined therein) and CREDIT SUISSE (formerly known as Credit Suisse First
Boston), as administrative agent (in such capacity, the “Administrative Agent”)
and as collateral agent (in such capacity, the “Collateral Agent”) for the
Lenders.

 

A. Pursuant to the Credit Agreement, the Lenders have extended, and have agreed
to extend, credit to the Borrower.

 

B. Holdings and the Borrower have requested that the Credit Agreement be amended
as provided herein.

 

C. The Requisite Lenders (as defined below) are willing so to amend the Credit
Agreement on the terms and subject to the conditions set forth herein.

 

D. Capitalized terms used but not defined herein shall have the meanings
assigned to them in the Credit Agreement.

 

Accordingly, in consideration of the mutual agreements herein contained and
other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the parties hereto agree as follows:

 

SECTION 1. Agreements. The parties hereto hereby agree that, from and after
October 29, 2005, (a) Holdings and the Borrower shall not be required to comply
with Section 6.11 of the Credit Agreement and (b) all references to Section 6.11
of the Credit Agreement in any Loan Document (other than this Amendment) shall
be disregarded and intentionally omitted.

 

SECTION 2. Amendments. (a) Section 1.01 of the Credit Agreement is hereby
amended by inserting in the appropriate alphabetical order therein the
following:

 

“Amendment No. 4” shall mean Amendment No. 4 and Agreement dated as of
October 29, 2005, among the Borrower, Holdings, the Requisite Lenders (as
defined therein), the Administrative Agent and the Collateral Agent, to this
Agreement.

 

“Amendment No. 4 Effective Date” shall mean the date on which Amendment No. 4
becomes effective in accordance with its terms.

 

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(b) The definition of the term “Borrower’s Share of Excess Cash Flow” set forth
in Section 1.01 of the Credit Agreement is hereby amended and restated in its
entirety to read as follows:

 

“Borrower’s Share of Excess Cash Flow” shall mean, as of the Closing Date, $0,
which amount shall be (a) increased, on the date of delivery in any fiscal year
of the certificate of a Financial Officer required by Section 5.04(d)(i) setting
forth the calculation of Excess Cash Flow for the preceding fiscal year (each
such date being an “ECF Prepayment Date”), so long as any prepayment required
pursuant to Section 2.13(d) has been made, by an amount equal to the amount of
such Excess Cash Flow which is not required to be used to prepay the Term Loans
and (b) reduced (i) on each ECF Prepayment Date where Excess Cash Flow for the
immediately preceding fiscal year is a negative number, by such amount, and
(ii) at the time any Restricted Payment is made pursuant to Section 6.06(a)(vii)
with an amount attributable to the Borrower’s Share of Excess Cash Flow, by the
portion thereof, it being understood that the Borrower’s Share of Excess Cash
Flow may be reduced to an amount below $0 after giving effect to the reductions
enumerated in clause (b)(i) above.

 

(c) The definition of the term “Consolidated EBITDA” set forth in Section 1.01
of the Credit Agreement is hereby amended by replacing the last sentence thereof
with the following:

 

“In addition, solely for purposes of determining the Borrower’s compliance with
Sections 6.12 and 6.13 and for purposes of any calculation made pursuant to
Section 6.09(c)(i), in determining Consolidated EBITDA for any period, there
shall be added to Consolidated Net Income for such period (to the extent
deducted in determining such Consolidated Net Income), without duplication, the
amount of (x) any fees, costs or other expenses in an aggregate amount not to
exceed $10,000,000 incurred by the Borrower and its Subsidiaries in connection
with Amendment No. 3 and in connection with the Monterey Transactions (as
defined therein) and (y) any fees, costs or other expenses in an aggregate
amount not to exceed $4,300,000 incurred by the Borrower and its Subsidiaries in
connection with Amendment No. 4 and in connection with the Borrower’s
consolidation of its Truro and Santa Ana facilities and up to $900,000 of
severance related cost.”

 

(d) Section 2.22 of the Credit Agreement is hereby amended by inserting the
following at the end of paragraph (i) thereof:

 

“In addition, the Borrower may, at any time and from time to time with the
consent of the Administrative Agent and such Lender, designate one or more
additional Lenders to act as an issuing bank under the terms of this Agreement.
Any Lender designated as an issuing bank pursuant to the preceding sentence
shall be deemed to be an “Issuing Bank” (in addition to being a Lender) in
respect of Letters of Credit issued or to be issued by such Lender.”

 

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(e) Section 6.04(a) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows:

 

“(a) (i) loans and investments by Holdings, the Borrower and the Subsidiaries
existing on the Amendment No. 4 Effective Date in or to the Borrower and the
Subsidiaries (other than loans and investments made pursuant to clause (iii) or
(iv) below), (ii) additional investments by Holdings, the Borrower or any of its
Subsidiaries in the Equity Interests of the Borrower or any of its Subsidiaries;
provided that (A) any such Equity Interests held by a Loan Party shall be
pledged pursuant to the Pledge Agreement (subject to the limitations applicable
to voting stock of a Foreign Subsidiary referred to in Section 4.02(e)) and
(B) the aggregate amount of investments by Loan Parties in, and loans and
advances by Loan Parties to, Subsidiaries that are not Loan Parties pursuant to
this clause (ii)(B) shall not exceed the sum of $5,000,000 plus the Net Cash
Proceeds of Private Equity Issuances attributable thereto at any time
outstanding, (iii) additional loans to or investments in Crossley in an
aggregate amount at any time outstanding not in excess of $10,000,000 and
(iv) the Monterey Transactions (as defined in Amendment No. 3);”

 

(f) Section 6.06(a)(vii) of the Credit Agreement is hereby amended and restated
in its entirety to read as follows:

 

“(vii) so long as no Event of Default or Default shall have occurred and be
continuing or would result therefrom and so long as after giving effect to any
Restricted Payment made pursuant to this clause (vii) the Leverage Ratio would
be less than 3.75 to 1.00, Holdings or the Borrower may, or the Borrower may
make distributions to Holdings so that Holdings may, make Restricted Payments
from time to time after October 26, 2002, in an aggregate amount not to exceed
$15,000,000 plus the Borrower’s Share of Excess Cash Flow.”

 

(g) Section 6.09(c)(i) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows:

 

“(c)(i) Make any distribution, whether in cash, property, securities or a
combination thereof, other than regular scheduled payments of interest as and
when due or overdue (to the extent not prohibited by applicable subordination
provisions), in respect of, or pay, or offer or commit to pay, or directly or
indirectly (including pursuant to any Synthetic Purchase Agreement) redeem,
repurchase, retire or otherwise acquire for consideration, or set apart any sum
for the aforesaid purposes, any Subordinated Indebtedness or any Refinancing
Indebtedness in respect thereof (provided that (x) the foregoing shall not
prohibit a refinancing of such Indebtedness with Equity Interests or the
proceeds of Refinancing Indebtedness or Equity Interests and (y) so long as no
Event of Default or Default shall have occurred and be continuing or would
result therefrom and so long as after giving effect to the prepayment or
repurchase of Senior Subordinated Notes pursuant to this Section 6.09(c)(i)(y),
(1) the unused and available Revolving Credit Commitments would be not less than
$25,000,000 and (2) the Senior Leverage Ratio would be less than 1.375 to 1.00,
the Borrower may prepay or repurchase Senior Subordinated Notes and any other
Subordinated Debt), or”

 

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(h) Section 6.12 (Fixed Charge Coverage Ratio) of the Credit Agreement is hereby
amended and restated in its entirety to read as follows:

 

“SECTION 6.12. Fixed Charge Coverage Ratio. Permit the Fixed Charge Coverage
Ratio for any period of four consecutive fiscal quarters, in each case taken as
one accounting period, to be less than 1.00 to 1.00.”

 

SECTION 3. Amendment Fee. The Borrower agrees to pay in accordance with the
second sentence hereof to the Administrative Agent for the account of each
Lender that executes and delivers a copy of this Amendment to the Administrative
Agent (or its counsel) at or prior to 12:00 noon, New York City time, on
December 7, 2005 (the “Signing Date”), an amendment fee (the “Amendment Fee”) in
an amount equal to 0.2% of the sum of such Lender’s Revolving Credit Commitment
(whether used or unused) and the principal amount of such Lender’s outstanding
Term Loans, in each case as of the Signing Date. The Amendment Fee shall be due
and payable in immediately available funds on the Amendment No. 4 Effective
Date. Once paid, the Amendment Fee shall not be refundable.

 

SECTION 4. Effectiveness. This Amendment shall become effective as of the date
set forth above, on the date occurring on or prior to December 7, 2005, that the
following conditions are satisfied:

 

(a) the Administrative Agent shall have received the Amendment Fee; and

 

(b) the Administrative Agent shall have received counterparts of this Amendment
that, when taken together, bear the signatures of (i) the Borrower,
(ii) Holdings, (iii) the Subsidiary Guarantors, (iv) the Required Lenders and
(v) Lenders holding a majority of the Revolving Credit Commitments, whether used
or unused (the Lenders described in clauses (iv) and (v) above being referred to
herein as the “Requisite Lenders”).

 

SECTION 5. Effect of Amendment. Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a
waiver of, or otherwise affect the rights and remedies of the Lenders, the
Collateral Agent or the Administrative Agent under the Credit Agreement or any
other Loan Document, and shall not alter, modify, amend or in any way affect any
of the terms, conditions, obligations, covenants or agreements contained in the
Credit Agreement or any other Loan Document, all of which are ratified and
affirmed in all respects and shall continue in full force and effect. Nothing
herein shall be deemed to entitle any Loan Party to a consent to, or a waiver,
amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any
other Loan Document in similar or different circumstances. This Amendment shall
apply and be effective only with respect to the provisions of the Credit
Agreement specifically referred to herein. After the date hereof, any reference
to the Credit Agreement shall mean the Credit Agreement, as modified hereby.
This Amendment shall constitute a “Loan Document” for all purposes of the Credit
Agreement and the other Loan Documents.

 

SECTION 6. Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when

 

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so executed and delivered shall be deemed an original, but all such counterparts
together shall constitute but one and the same contract. Delivery of an executed
counterpart of a signature page of this Amendment by facsimile transmission
shall be as effective as delivery of a manually executed counterpart hereof.

 

SECTION 7. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

SECTION 8. Headings. The headings of this Amendment are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.

 

SECTION 9. Expenses. The Borrower agrees to reimburse the Administrative Agent
for all of its reasonable out-of-pocket expenses incurred in connection with
this Amendment, including the reasonable fees, charges and disbursements of
Cravath, Swaine & Moore LLP, counsel for the Administrative Agent.

 

SECTION 10. Acknowledgment of Guarantors. Each of the Guarantors hereby
acknowledges receipt and notice of, and consents to the terms of, this
Amendment.

 

[Remainder of this page intentionally left blank]

 

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

 

COLLINS & AIKMAN FLOORCOVERINGS, INC., by   /s/ Leonard F. Ferro    

Name:

  Leonard F. Ferro    

Title:

  Vice President & Chief Financial Officer

TANDUS GROUP, INC.,

by   /s/ Leonard F. Ferro    

Name:

  Leonard F. Ferro    

Title:

  Vice President & Chief Financial Officer EACH OF THE SUBSIDIARY GUARANTORS
LISTED ON SCHEDULE I HERETO, by   /s/ Leonard F. Ferro    

Name:

  Leonard F. Ferro    

Title:

  Vice President & Chief Financial Officer CREDIT SUISSE, CAYMAN ISLANDS BRANCH
(formerly known as Credit Suisse First Boston), individually, and as
Administrative Agent and Collateral Agent, by   /s/ David Dodd    

Name:

  David Dodd    

Title:

  Vice President by   /s/ Mikhail Faybusovich    

Name:

  Mikhail Faybusovich    

Title:

  Associate

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:

SunAmerica Life Insurance Company

By:

  AIG Global Investment Corp., Inc.
its Investment Advisor

by:

  /s/ W. Jeffrey Baxter

Name:

  W. Jeffrey Baxter

Title:

  Vice President

Galaxy CLO 1999-1, Ltd

By:

  AIG Global Investment Corp., Inc.
its Collateral Manager

by:

  /s/ W. Jeffrey Baxter

Name:

  W. Jeffrey Baxter

Title:

  Vice President

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:

 

Bank of America

   

by:

  /s/ James W. Ford        

Name:

  James W. Ford        

Title:

  Senior Vice President

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:

  The Governor and Company of
The Bank of Ireland    

by:

  /s/ Sorka Kelly          /s/ John O’ Connor         Name:   Sorka Kelly     
John O’ Connor         Title:   Authorised Signatories

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:

 

BLACK DIAMOND CLO 2005-1 LTD.

   

By:

 

Black Diamond Capital Management, L.L.C.

       

as its Collateral Manager

   

by:

  /s/ James J. Zenni, Jr.        

Name:

  James J. Zenni, Jr.        

Title:

 

President & Managing Partner

Black Diamond Capital Management, L.L.C.

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:   BLACK DIAMOND CLO 2005-2 LTD.     By:   Black Diamond Capital
Management, L.L.C.         as its Collateral Manager     by:   /s/ James J.
Zenni, Jr.         Name:   James J. Zenni, Jr.         Title:   President &
Managing Partner             Black Diamond Capital Management, L.L.C.

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:    Black Diamond International Funding, Ltd.     by:   /s/ Alan
Corkish         Name:   Alan Corkish         Title:   Director

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:   BNP Paribas     by:   /s/ Susan M. Bowes         Name:   Susan
M. Bowes         Title:   Director         /s/ Craig J. Lewis             Craig
J. Lewis             Director

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:    Carlyle High Yield Partners II, Ltd.     by:   /s/ Mark Alter
        Name:   Mark Alter         Title:   Managing Director

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

    Name of Lender:   Carlyle High Yield Partners IV, Ltd.        

by:

  /s/ Mark Alter            

Name:

  Mark Alter            

Title:

  Managing Director

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

    Name of Lender:   Carlyle High Yield Partners VI, Ltd.        

by:

  /s/ Mark Alter            

Name:

  Mark Alter            

Title:

  Managing Director

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

    Name of Lender:   Carlyle High Yield Partners VII, Ltd.        

by:

  /s/ Mark Alter            

Name:

  Mark Alter            

Title:

  Managing Director

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:   Carlyle High Yield Partners VIII, Ltd.    

by:

  /s/ Mark Alter        

Name:

  Mark Alter        

Title:

  Managing Director

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:    General Electric Capital Corporation                  

by:

  /s/ Jeffrey Skinner        

Name:

  Jeffrey Skinner         Title:   Duly Authorized Signatory

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:    GMAC Commercial Finance LLC                  

by:

  /s/ David Grabosky        

Name:

  David Grabosky        

Title:

  Vice President

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender: 

  Grand Central Asset Trust, BDC Series     by:   /s/ Mikus N. Kins        

Name:

  Mikus N. Kins        

Title:

  Attorney-in-fact

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender: 

  HARBOUR TOWN FUNDING LLC     by:   /s/ M. Cristina Higgins        

Name:

  M. Cristina Higgins        

Title:

  Assistant Vice President

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:

 

KZH Soleil LLC

    by:   /s/ Virginia Conway        

Name:

  Virginia Conway        

Title:

  Authorized Signatory

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:

 

KZH Soleil-Z LLC

    by:   /s/ Virginia Conway        

Name:

  Virginia Conway        

Title:

  Authorized Signatory

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:

 

Magnetite Asset Investors III

    by:   /s/ Tom Colwell        

Name:

  Tom Colwell        

Title:

  Authorized Signatory

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:

 

General Electric Capital Corporation,
as Administrator for,

MERRITT CLO HOLDING LLC

    by:   /s/ Brian P. Schwinn        

Name:

  Brian P. Schwinn        

Title:

  Duly Authorized Signatory

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:

 

National City Bank

   

by:

  /s/ Tony J. Daher        

Name:

  Tony J. Daher        

Title:

  Vice President

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

        /s/ Illegible

Name of Lender:

 

Nationwide Life Insurance Company

   

by:

  /s/ Illegible        

Name:

           

Title:

   

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

        /s/ Illegible

Name of Lender:

 

Nationwide Indemnity Company

   

by:

  /s/ Illegible        

Name:

           

Title:

   

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

        /s/ Illegible

Name of Lender:

 

Nationwide Life and Annuity Insurance Company

   

by:

  /s/ Illegible        

Name:

           

Title:

   

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

        /s/ Illegible Name of Lender:    Nationwide Mutual Fire Insurance
Company    

by:

  /s/ Illegible        

Name:

           

Title:

   

 

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

        /s/ Illegible Name of Lender:    Amco Insurance    

by:

  /s/ Illegible        

Name:

           

Title:

   

 

32

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:

       

by:

  /s/ Diane J. Exter        

Name:

  Diane J. Exter        

Title:

  Managing Director             Portfolio Manager

 

  

Sankaty Advisors, LLC as Collateral

Manager for Race Point II CLO,

Limited, as Term Lender

  

Sankaty Advisors, LLC as Collateral

Manager for Race Point CLO,

Limited, as Term Lender

  

Sankaty Advisors, LLC as Collateral

Manager for Castle Hill I -

INGOTS, Ltd., as Term Lender

  

Sankaty Advisors, LLC as Collateral

Manager for Castle Hill I -

INGOTS, Ltd., as Term Lender

  

Sankaty Advisors, LLC as Collateral

Manager for Castle Hill III CLO,

Limited, as Term Lender

 

33

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:    Toronto Dominion (New York) LLC    

by:

  /s/ Masood Fikree        

Name:

  Masood Fikree        

Title:

  Authorized Signatory

 

34

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SIGNATURE PAGE TO

AMENDMENT NO. 4 AND AGREEMENT

DATED AS OF OCTOBER 29, 2005,

TO THE COLLINS & AIKMAN

FLOORCOVERINGS, INC. CREDIT AGREEMENT

DATED AS OF JANUARY 25, 2001, AS AMENDED

 

Name of Lender:    Wachovia Bank, National Association    

by:

  /s/ Thomas M. Harper        

Name:

  Thomas M. Harper        

Title:

  Managing Director

 

35

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Schedule I

 

SUBSIDIARY GUARANTORS

 

CAF Extrusion, Inc., a Delaware corporation

Monterey Color Systems, Inc., a California corporation