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                                                                    EXHIBIT 4(e)

                               SECURITY AGREEMENT


         THIS SECURITY AGREEMENT (this "Security Agreement") is entered into as
of March 10, 1999, among FRUIT OF THE LOOM, INC., a Delaware corporation ("Fruit
of the Loom"), Fruit of the Loom, Ltd., a Cayman Islands company (the "Parent")
and certain Subsidiaries of Fruit of the Loom as set forth on the signature
pages hereto and as may from time to time become a party hereto (together with
Fruit of the Loom and the Parent, individually an "Obligor," and collectively
the "Obligors") and NATIONSBANK, N.A., in its capacity as collateral agent (in
such capacity, the "Collateral Agent") for the Secured Parties (as defined
below).


                                    RECITALS

         WHEREAS, pursuant to that certain Credit Agreement dated as of
September 19, 1997 (as amended, modified, extended, renewed or replaced from
time to time and to which the Parent, by execution of a joinder agreement dated
as of March 10, 1999, has been added as a guarantor, the "Fruit of the Loom
Agreement") among Fruit of the Loom as borrower, the guarantors thereunder, the
lenders party thereto (the "Fruit of the Loom Lenders") and the Collateral
Agent, the Fruit of the Loom Lenders agreed to extend credit to Fruit of the
Loom upon the terms and subject to the conditions set forth therein; and

         WHEREAS, pursuant to (a) that certain Indenture dated March 15, 1981
evidencing 7% Debentures issued by Northwest Industries, Inc. (predecessor in
interest to Fruit of the Loom) due March 15, 2011 in the original face amount of
$125,000,000, (b) that certain Indenture dated November 30, 1993 evidencing 6
1/2% Notes due 2003 issued by Fruit of the Loom in the original face amount of
$150,000,000 and (c) that certain Indenture dated November 30, 1993 evidencing 7
3/8% Debentures due 2023 issued by Fruit of the Loom in the original face amount
of $150,000,000 (collectively, the "Senior Note Indentures"), the holders of the
Senior Note Indentures (collectively, the "Noteholders") extended credit to
Fruit of the Loom upon the terms and subject to the conditions set forth
therein; and

         WHEREAS, pursuant to that certain Credit Agreement to be entered into
as of March 24, 1999 (as amended, modified, extended, renewed or replaced from
time to time, the "Farley Agreement") among William Farley as borrower,
NationsBank, N.A. as administrative agent, Credit Suisse First Boston as
syndication agent and the lenders party thereto (the "Farley Lenders"), the
Farley Lenders are agreeing to extend credit to William Farley provided, among
other conditions, that Fruit of the Loom, certain of its Subsidiaries and the
Parent execute that certain Guaranty of Payment (the "Farley Guaranty") to be
entered into as of March 24, 1999 in favor of NationsBank, N.A. as
Administrative Agent for the Farley Lenders, for the benefit of William Farley;
and

         WHEREAS, pursuant to the terms of the Fruit of the Loom Agreement, the
Senior Note Indentures and the Farley Guaranty, the Obligors are obligated to
secure their obligations to the Fruit of the Loom Lenders, the Noteholders and
the Farley Lenders, respectively, in accordance with the terms of this Security
Agreement; and


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         WHEREAS, NationsBank, N.A. is acting as collateral agent for the
Secured Parties pursuant to the terms of this Security Agreement.

         NOW, THEREFORE, in consideration of these premises and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

         1.       Definitions.

         (a) Unless otherwise defined herein, capitalized terms used herein
shall have the meanings ascribed to such terms in the Fruit of the Loom
Agreement or, if the context so requires, in the respective Senior Credit
Documents, and the following terms which are defined in the Uniform Commercial
Code in effect in the State of North Carolina on the date hereof (the "UCC") are
used herein as so defined: Chattel Paper, Deposit Accounts, Documents,
Equipment, Farm Products, Fixtures, General Intangibles, Instruments, Inventory,
Investment Property and Proceeds.

         (b) In addition, the following terms shall have the following meanings:

         "Accounts" has the meaning accorded such term in the UCC, except that
such term as used herein shall not include those Accounts that are Receivables
Facility Assets (as defined in the Fruit of the Loom Agreement).

         "Bank Credit Documents" means, collectively, the Credit Documents as
defined in the Fruit of the Loom Agreement and the Credit Documents (including,
without limitation, the Farley Guaranty) as defined in the Farley Agreement.

         "Copyright Licenses": any written agreement providing for the grant by
or to an Obligor of any right under any Copyright including, without limitation,
any thereof referred to in Schedule 1(b) attached hereto.

         "Copyrights": (a) all registered United States copyrights in all Works,
now existing or hereafter created or acquired, all registrations and recordings
thereof, and all applications in connection therewith, including, without
limitation, registrations, recordings and applications in the United States
Copyright office including, without limitation, any thereof referred to in
Schedule 1(b) attached hereto and (b) all renewals thereof including, without
limitation, any thereof referred to in Schedule 1(b) attached hereto.

         "Hedging Agreements" means, collectively, all interest rate protection
agreements, foreign currency exchange agreements, commodity purchase or option
agreements or other interest or exchange rate or commodity price hedging
agreements, in each case, entered into or purchased by an Obligor.
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         "Patent License": all agreements, whether written or oral, providing
for the grant by or to an Obligor of any right to manufacture, use or sell any
invention covered by a Patent, including, without limitation, any thereof
referred to in Schedule 1(b) attached hereto.

         "Patents": (a) all letters patent of the United States or any other
country and all reissues and extensions thereof, including, without limitation,
any thereof referred to in Schedule 1(b) attached hereto and (b) all
applications for letters patent of the United States or any other country and
all divisions, continuations and continuations-in-part thereof, including,
without limitation, any thereof referred to in Schedule 1(b) attached hereto.

         "Permitted Liens" means, collectively, all Permitted Liens as defined
in the Fruit of the Loom Agreement, all Permitted Liens as defined in the Farley
Agreement and all Permitted Liens as defined in any Senior Note Indenture.

         "Pledge Agreement" means that certain Second Amended and Restated
Pledge Agreement, dated as of the date hereof, among the Obligors as Pledgors,
the Collateral Agent and the Secured Parties.

         "Required Lenders" has the meaning ascribed to such term in the Fruit
of the Loom Agreement.

         "Secured Obligations" means, collectively, (i) all of the obligations,
now existing or hereafter arising pursuant to the Senior Credit Documents, owing
from any Obligor to any Secured Party or the Collateral Agent, including,
without limitation, all guaranty obligations arising out of Section 4 of the
Fruit of the Loom Agreement, all obligations under the Farley Guaranty, all
obligations under the Senior Note Indentures and all obligations arising under
any Hedging Agreement; and (ii) all other indebtedness, liabilities and
obligations of any kind or nature, now existing or hereafter arising, owing from
any Obligor to any Secured Party or the Collateral Agent pursuant to or in
connection with a transaction contemplated by the Senior Credit Documents,
howsoever evidenced, created, incurred or acquired, whether primary, secondary,
direct, contingent, or joint and several, and all obligations and liabilities
incurred in connection with collecting and enforcing the foregoing..

         "Secured Parties" means, collectively, the Noteholders, the Fruit of
the Loom Lenders, the Farley Lenders and any Affiliate of a Fruit of the Loom
Lender or a Farley Lender which has entered into a Hedging Agreement with an
Obligor and "Secured Party" means any one of them.

         "Security Agreement Effective Date" means any date that the Unsecured
Senior Debt Rating is BB- or worse from S&P and Ba3 or worse from Moody's.

         "Senior Credit Documents" means, collectively, the Bank Credit
Documents, the Senior Note Indentures and the Hedging Agreements.

         "Trademark License": means any agreement, written or oral, providing
for the grant by or to an Obligor of any right to use any Trademark, including,
without limitation, any thereof referred to in Schedule 1(b) attached hereto.
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         "Trademarks": (a) all trademarks, trade names, corporate names,
fictitious business names, trade dress and service marks, and the goodwill
associated therewith, now existing or hereafter adopted or acquired, all
registrations and recordings thereof, and all applications in connection
therewith, whether in the United States Patent and Trademark Office or in any
similar office or agency of the United States, any State thereof or any other
country or any political subdivision thereof, or otherwise, including, without
limitation, any thereof referred to in Schedule 1(b) attached hereto, and (b)
all renewals thereof, including, without limitation, any thereof referred to in
Schedule 1(b) attached hereto.

         "Work": any work which is subject to copyright protection pursuant to
Title 17 of the United States Code.

         2.       Grant of Security Interest in the Collateral. To secure the
prompt payment and performance in full when due, whether by lapse of time,
acceleration or otherwise, of the Secured Obligations, each Obligor hereby,
subject to Section 27 and 28 hereof, grants to the Collateral Agent, for the
benefit of the Secured Parties, a continuing security interest in, and a right
to set off against, any and all right, title and interest of such Obligor in and
to the following, whether now owned or existing or owned, acquired, or arising
hereafter (collectively, the "Collateral"):

                  (a)      all Accounts;

                  (b)      all Chattel Paper;

                  (c)      all Copyrights;

                  (d)      all Copyright Licenses;

                  (e)      all Deposit Accounts;

                  (f)      all Documents;

                  (g)      all Equipment;

                  (h)      all Fixtures;

                  (i)      all General Intangibles;

                  (j)      all Instruments;

                  (k)      all Inventory;

                  (l)      all Investment Property;

                  (m)      all Patents;
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                  (n)      all Patent Licenses;

                  (o)      all Trademarks;

                  (p)      all Trademark Licenses;

                  (r) all books, records, ledger cards, files, correspondence,
         computer programs, tapes, disks, and related data processing software
         (owned by such Obligor or in which it has an interest) that at any time
         evidence or contain information relating to any Collateral or are
         otherwise necessary or helpful in the collection thereof or realization
         thereupon; and

                  (s) to the extent not otherwise included, all Proceeds and
         products of any and all of the foregoing.

         The Obligors and the Collateral Agent, on behalf of the Secured
Parties, hereby acknowledge and agree that the security interest created hereby
in the Collateral (i) constitutes continuing collateral security for all of the
Secured Obligations, whether now existing or hereafter arising and (ii) is not
to be construed as an assignment of any Copyrights, Copyright Licenses, Patents,
Patent Licenses, Trademarks or Trademark Licenses. Moreover, the Collateral
shall not include any of the Pledged Collateral (as defined in the Pledge
Agreement).

         3.       Provisions Relating to Accounts.

                  (a) Anything herein to the contrary notwithstanding, each of
         the Obligors shall remain liable under each of the Accounts to observe
         and perform all the conditions and obligations to be observed and
         performed by it thereunder, all in accordance with the terms of any
         agreement giving rise to each such Account. Neither the Collateral
         Agent nor any Secured Party shall have any obligation or liability
         under any Account (or any agreement giving rise thereto) by reason of
         or arising out of this Security Agreement or the receipt by the
         Collateral Agent or any Secured Party of any payment relating to such
         Account pursuant hereto, nor shall the Collateral Agent or any Secured
         Party be obligated in any manner to perform any of the obligations of
         an Obligor under or pursuant to any Account (or any agreement giving
         rise thereto), to make any payment, to make any inquiry as to the
         nature or the sufficiency of any payment received by it or as to the
         sufficiency of any performance by any party under any Account (or any
         agreement giving rise thereto), to present or file any claim, to take
         any action to enforce any performance or to collect the payment of any
         amounts which may have been assigned to it or to which it may be
         entitled at any time or times.

                  (b) As it so reasonably requests from time to time, the
         Collateral Agent shall have the right, but not the obligation, to make
         test verifications of the Accounts in any manner and through any medium
         that it reasonably considers advisable, other than by direct contact
         with account debtors, and the Obligors shall furnish all such
         assistance and information as the Collateral Agent may require in
         connection with such test verifications. As the Collateral Agent may so
         reasonably request from time to time, the Obligors, at the Obligors'
         own


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         expense, shall cause independent public accountants or others
         satisfactory to the Collateral Agent to furnish to the Collateral Agent
         reports showing reconciliations, aging and test verifications of, and
         trial balances for, the Accounts. At any time after the occurrence and
         during the continuation of an Event of Default, the Collateral Agent in
         its own name or in the name of others may communicate with account
         debtors on the Accounts to verify with them to the Collateral Agent's
         satisfaction the existence, amount and terms of any Accounts.

         4.       Representations and Warranties. Each Obligor hereby represents
and warrants to the Collateral Agent, for the benefit of the Secured Parties,
that, on and after the Security Agreement Effective Date and so long as any of
the Secured Obligations remain outstanding (other than any such obligations
which by the terms thereof are stated to survive termination of the Senior
Credit Documents) or any Senior Credit Document is in effect or any Letter of
Credit under any Bank Credit Document shall remain outstanding, and until all of
the Commitments under all Bank Credit Documents shall have been terminated:

                  (a) Chief Executive Office; Books & Records. Each Obligor's
         chief executive office and chief place of business is located at the
         locations set forth on Schedule 4(a) attached hereto (as updated from
         time to time), and each Obligor keeps its books and records at such
         locations. Unless the applicable Obligor has previously notified the
         Collateral Agent of such change, the chief executive office and chief
         place of business of such Obligor has not changed from such locations
         in the past four months.

                  (b) Location of Collateral. Set forth on Schedule 4(b)
         attached hereto (as updated from time to time) is a list of all
         locations where the Collateral of each Obligor is located, including
         county and state where located, other than with respect to inventory in
         transit from one such location to another such location in the ordinary
         course of business.

                  (c) Ownership. Each Obligor is the legal and beneficial owner
         of the Collateral which it purports to own and has a valid right to use
         all of its other Collateral. Each Obligor has the right to pledge and
         grant a security interest in such Collateral, and, to the extent that
         such Collateral may be sold, assigned or transferred, such Obligor has
         the right to sell, assign or transfer the same. Each Obligor's legal
         name is as shown in this Security Agreement and no Obligor has in the
         past four months changed its name, been party to a merger,
         consolidation or other change in structure or used any tradename except
         as set forth on Schedule 4(c) attached hereto (as updated from time to
         time).

                  (d) Security Interest/Priority. This Security Agreement
         creates a valid security interest in, and Lien on, the Collateral of
         such Obligor in favor of the Collateral Agent, for the benefit of the
         Secured Parties, and, when properly perfected by filing or otherwise,
         shall constitute a valid first priority perfected security interest in
         such Collateral, to the extent such security interest can be perfected
         by filing or otherwise under the UCC or other applicable law of the
         relevant jurisdiction, free and clear of all Liens except for Permitted
         Liens.

                  (e) Farm Products. None of the Collateral constitutes, or is
         the Proceeds of, Farm Products.
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                  (f) Accounts. With respect to the Accounts of the Obligors:
         (i) each Account and the papers and documents of the applicable Obligor
         relating thereto are genuine and in all material respects what they
         purport to be, (ii) each Account arises out of a bona fide transaction
         for goods sold and delivered (or in the process of being delivered) by
         an Obligor or for services actually rendered by an Obligor, which
         transaction was conducted in the ordinary course of the Obligor's
         business and was completed in accordance with the terms of any
         documents pertaining thereto; (iii) the goods sold and/or services
         furnished giving rise to each Account are not subject to any security
         interest or Lien except the first priority, perfected security interest
         granted to the Collateral Agent herein and except for Permitted Liens;
         (iv) no Account of an Obligor is evidenced by any Instrument or Chattel
         Paper unless such Instrument or Chattel Paper has been theretofore
         endorsed over and delivered to the Collateral Agent; (v) the amount of
         each Account as shown on the applicable Obligor's books and records,
         and on all invoices and statements which may be delivered to the
         Collateral Agent with respect thereto, is due and payable to the
         applicable Obligor and is not in any way contingent; (vi) no Account is
         evidenced by a judgment, to the best knowledge of the Obligors there
         are no set-offs, counterclaims or disputes existing or asserted with
         respect to any Account, and no Obligor has made any agreement with any
         account debtor for any deduction from any Account except a discount or
         allowance for prompt payment allowed by the applicable Obligor in the
         ordinary course of its business; (vii) to the best knowledge of the
         Obligors, there are no facts, events or occurrences which in any
         material respect impair the validity or enforcement of any Account or
         tend to reduce the amount payable thereunder as shown on the applicable
         Obligor's books and records and all invoices and statements delivered
         to the Collateral Agent with respect thereto; (viii) each Account is
         assignable; (ix) to each of the Obligors' knowledge, the account debtor
         with respect to each Account has the capacity to contract; (x) to each
         of the Obligor's knowledge, there are no proceedings or actions which
         are threatened or pending against any account debtor with respect to
         any Account; and (xi) no surety bond was required or given in
         connection with any Account of an Obligor or the contracts or purchase
         orders out of which they arose.

                  (g) Equipment. With respect to each Obligor's Equipment: (i)
         all such Equipment is in normal operating condition and repair,
         ordinary wear and tear alone excepted (subject to casualty events), and
         is suitable for the uses to which it is customarily put in the conduct
         of such Obligor's business; and (ii) no Equipment used in the conduct
         of such Obligor's business is leased, except for (A) the Equipment
         subject to that certain Participation Agreement dated as of September
         30, 1994 among Union Underwear Company, Inc. and certain of its
         Subsidiaries, as Lessees, The Chase Manhattan Bank (as successor to
         Chemical Bank), not in its individual capacity, except as expressly
         stated therein, but solely as Owner Trustee, the Investors identified
         therein and Credit Suisse First Boston, as the same may be amended,
         restated, or otherwise modified from time to time, and (B) non-material
         Equipment.

                  (h) Inventory. No Inventory is held by an Obligor pursuant to
         consignment, sale or return, sale on approval or similar arrangement.
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                  (i) Documents, Instruments and Chattel Paper. All Documents,
         Instruments and Chattel Paper describing, evidencing or constituting
         Collateral are, to the Obligors' knowledge, complete, valid, and
         genuine.

                  (j)      Intellectual Property.

                                    (i) Schedule 1(b) attached hereto (as
                  updated from time to time) includes all Copyrights, Copyright
                  Licenses, Patents, Patent Licenses, Trademarks (except for
                  non-material unregistered trademarks and service marks) and
                  Trademark Licenses (collectively, the "Intellectual Property")
                  owned by the Obligors in their own names as of the date
                  hereof.

                                    (ii) To the best of each Obligor's
                  knowledge, all Intellectual Property of such Obligor is valid,
                  subsisting, unexpired and enforceable.

                                    (iii) Except as set forth in Schedule 1(b)
                  attached hereto, none of such Intellectual Property is the
                  subject of any licensing or franchise agreement.

                                    (iv) All applications pertaining to the
                  Intellectual Property of each Obligor have been duly and
                  properly filed, all registrations or letters pertaining to
                  such Intellectual Property have been duly and properly filed
                  and issued, and all of such Intellectual Property is valid and
                  enforceable, except as could not reasonably be expected to
                  have a Material Adverse Effect.

                                    (v) Except for licenses to third parties in
                  the ordinary course of business, no Obligor has made any
                  assignment or agreement in conflict with the security interest
                  in the Intellectual Property of any Obligor hereunder.

                                    (vi) Except as could not reasonably be
                  expected to have a Material Adverse Effect, no holding,
                  decision or judgment has been rendered by any Governmental
                  Authority which would limit, cancel or question the validity
                  of any Intellectual Property and, except as could not
                  reasonably be expected to have a Material Adverse Effect, no
                  action or proceeding is pending seeking to limit, cancel or
                  question the validity of any Intellectual Property, or which,
                  if adversely determined, would have a material adverse effect
                  on the value of any Intellectual Property.

                  (k) Binding Agreement. This Security Agreement has been duly
         authorized, executed and delivered by the Pledgor and constitutes a
         legal, valid and binding obligation of the Pledgor enforceable in
         accordance with its terms, except as such enforcement may be limited by
         applicable bankruptcy or insolvency laws or by general principles of
         equity;

         5.       Covenants. Each Obligor covenants that, on and after the
Security Agreement Effective Date and so long as any of the Secured Obligations
remain outstanding (other than any such obligations which by the terms thereof
are stated to survive termination of the Senior Credit Documents) or any Senior
Credit Document is in effect or any Letter of Credit under any Bank Credit

<PAGE>   9

Document shall remain outstanding, and until all of the Commitments under all
Bank Credit Documents shall have been terminated, such Obligor shall:

                  (a) Other Liens. Defend the Collateral against the claims and
         demands of all other parties claiming an interest therein, keep the
         Collateral free from all Liens, except for Permitted Liens, and not
         sell, exchange, transfer, assign, lease or otherwise dispose of the
         Collateral or any interest therein, except as permitted under the
         respective Senior Credit Documents.

                  (b) Preservation of Collateral. (i) Not use the Collateral in
         violation of the provisions of this Security Agreement or any other
         agreement relating to the Collateral or any policy insuring the
         Collateral or any applicable statute, law, bylaw, rule, regulation or
         ordinance; and (ii) not permit any Collateral to be or become a fixture
         to real property or an accession to other personal property unless the
         Collateral Agent has a valid, perfected and first priority security
         interest for the benefit of the Secured Parties in such real or
         personal property.

                  (c) Instruments/Chattel Paper/Documents. If any amount payable
         under or in connection with any of the Collateral shall be or become
         evidenced by any Instrument or Chattel Paper, or if any Property
         comprising Collateral shall be stored or shipped subject to a Document,
         immediately deliver such Instrument, Chattel Paper or Document to the
         Collateral Agent, duly endorsed in a manner satisfactory to the
         Collateral Agent, to be held as Collateral pursuant to this Security
         Agreement.

                  (d) Changes in Location/Additional Collateral, etc. (i) Not,
         without providing 30 days prior written notice to the Collateral Agent
         and without confirming that the Collateral Agent has filed such
         amendments to any previously filed financing statements as the
         Collateral Agent may require, (A) change the location of its chief
         executive office and chief place of business (as well as its books and
         records) from the locations set forth on Schedule 4(a) attached hereto,
         (B) change the location of any Collateral from the locations set forth
         on Schedule 4(b) attached hereto or (C) change its name, be party to a
         merger, consolidation or other change in structure or use any tradename
         other than as set forth on Schedule 4(c) attached hereto; (ii) if,
         subsequent to the date hereof, such Obligor shall acquire any patented,
         registered or applied for Intellectual Property or any securities or
         any other property required to be delivered to the Collateral Agent as
         Collateral hereunder, immediately notify the Collateral Agent of same.

                  (e) Inspection. Allow the Collateral Agent or its
         representatives to visit and inspect the Collateral during normal
         business hours as is reasonably requested by the Collateral Agent with
         appropriate notice and in accordance with the applicable provisions of
         the Fruit of the Loom Agreement.

                  (f) Perfection of Security Interest. Execute and deliver to
         the Collateral Agent such agreements, assignments or instruments
         (including affidavits, notices, reaffirmations and amendments and
         restatements of existing documents as the Collateral Agent may
         reasonably request) and do all such other things as the Collateral
         Agent may reasonably deem necessary or appropriate (i) to assure to the
         Collateral Agent its security interests hereunder, including (A)



<PAGE>   10

         such financing statements (including renewal statements) or amendments
         thereof or supplements thereto or other instruments and documents as
         the Collateral Agent may from time to time reasonably request in order
         to perfect and maintain the security interests granted hereunder in
         accordance with the UCC or other applicable law of the relevant
         jurisdiction, (B) with regard to Copyrights, a Notice of Grant of
         Security Interest in Copyrights in the form of Schedule 5(f)(i)
         attached hereto and/or such other duly executed documents as the
         Collateral Agent may request in a form acceptable to counsel for the
         Collateral Agent and suitable for recording to evidence the security
         interest of the Collateral Agent for the benefit of the Lenders in the
         Copyrights, (C) with regard to Patents, a Notice of Grant of Security
         Interest in Patents for filing with the United States Patent and
         Trademark Office in the form of Schedule 5(f)(ii) attached hereto
         and/or such other duly executed documents as the Collateral Agent may
         request in a form acceptable to counsel for the Collateral Agent and
         suitable for recording to evidence the security interest of the
         Collateral Agent for the benefit of the Lenders in the Patents, and (D)
         with regard to Trademarks, a Notice of Grant of Security Interest in
         Trademarks for filing with the United States Patent and Trademark
         Office in the form of Schedule 5(f)(iii) attached hereto and/or such
         other duly executed documents as the Collateral Agent may request in a
         form acceptable to counsel for the Collateral Agent and suitable for
         recording to evidence the security interest of the Collateral Agent for
         the benefit of the Lenders in the Trademarks, (ii) to consummate the
         transactions contemplated hereby and (iii) to otherwise protect and
         assure the Collateral Agent of its rights and interests hereunder. To
         that end, each Obligor agrees that, upon the failure of such Obligor to
         sign any such financing statement within 10 Business Days after a
         request therefor or, if the Collateral Agent reasonably believes that
         prompt action by the Collateral Agent is necessary to protect the
         rights of the Secured Parties in the Collateral, without such request,
         the Collateral Agent may file in any jurisdiction one or more financing
         statements or other necessary documents disclosing the Collateral
         Agent's security interest in any or all of the Collateral of such
         Obligor without, to the extent permitted by law, such Obligor's
         signature thereon, and further, upon such failure or if such prompt
         action is necessary, each Obligor also hereby irrevocably makes,
         constitutes and appoints the Collateral Agent, its nominee or any other
         person whom the Collateral Agent may designate, as such Obligor's
         attorney-in-fact with full power and for the limited purpose to sign in
         the name of such Obligor any such financing statements, or amendments
         and supplements to financing statements, renewal financing statements,
         notices or any similar documents which in the Collateral Agent's
         reasonable discretion would be necessary, appropriate or convenient in
         order to perfect and maintain perfection of the security interests
         granted hereunder, such power, being coupled with an interest, being
         and remaining irrevocable so long as any Senior Credit Document is in
         effect or any of the Secured Obligations remain outstanding (other than
         any such obligations which by the terms thereof are stated to survive
         termination of the Senior Credit Documents) or any Letter of Credit
         under any Bank Credit Document shall remain outstanding and until all
         of the Commitments under all Bank Credit Documents shall have
         terminated. Each Obligor hereby agrees that a carbon, photographic or
         other reproduction of this Security Agreement or any such financing
         statement is sufficient for filing as a financing statement by the
         Collateral Agent without notice thereof to such Obligor, upon the
         conditions described above, wherever the Collateral Agent may deem it
         appropriate to file the same. In the event for any reason the law of
         any jurisdiction other than North Carolina becomes or is applicable to
         the Collateral of any Obligor or any part thereof, or to any of the
         Secured


<PAGE>   11

         Obligations, such Obligor agrees to execute and deliver all such
         instruments and to do all such other things as the Collateral Agent in
         its sole discretion reasonably deems necessary or appropriate to
         preserve, protect and enforce the security interests of the Collateral
         Agent under the law of such other jurisdiction (and, if an Obligor
         shall fail to do so within the 10 Business Day period described above,
         then the Collateral Agent may execute any and all such requested
         documents on behalf of such Obligor pursuant to the power of attorney
         granted hereinabove). Each Obligor agrees to mark its books and records
         to reflect the security interest of the Collateral Agent in the
         Collateral.

                  (g) Collateral Held by Warehouseman, Bailee, etc. If any
         Collateral is at any time in the possession or control of a
         warehouseman, bailee or any agent or processor of such Obligor, notify
         the Collateral Agent of such possession, notify such Person of the
         Collateral Agent's security interest for the benefit of the Secured
         Parties in such Collateral, and instruct such Person to hold all such
         Collateral for the Collateral Agent's account subject to the Collateral
         Agent's instructions.

                  (h) Treatment of Accounts. (i) Not grant or extend the time
         for payment of any Account, or compromise or settle any Account for
         less than the full amount thereof, or release any person or property,
         in whole or in part, from payment thereof, or allow any credit or
         discount thereon, other than as normal and customary in the ordinary
         course of an Obligor's business, and (ii) maintain at its principal
         place of business a record of Accounts consistent with customary
         business practices.

                  (i) Covenants Relating to Copyrights.

                                    (i) Employ the Copyright for each Work with
                  such notice of copyright as may be required by law to secure
                  copyright protection.

                                    (ii) Not do any act or knowingly omit to do
                  any act whereby any material Copyright may become invalidated
                  and (A) not do any act, or knowingly omit to do any act,
                  whereby any material Copyright may become injected into the
                  public domain; (B) notify the Collateral Agent immediately if
                  it knows, or has reason to know, that any material Copyright
                  may become injected into the public domain or of any adverse
                  determination or development (including, without limitation,
                  the institution of, or any such determination or development
                  in, any proceeding in any court or tribunal in the United
                  States or any other country) regarding an Obligor's ownership
                  of any such Copyright or its validity; (C) take all necessary
                  steps as it shall deem appropriate under the circumstances, to
                  maintain and pursue each application, to obtain the relevant
                  registration and to maintain each registration of each
                  material Copyright owned by an Obligor including, without
                  limitation, filing of applications for renewal where
                  necessary; and (D) promptly notify the Collateral Agent of any
                  material infringement of any material Copyright of an Obligor
                  of which it becomes aware and take such actions as it shall
                  reasonably deem appropriate under the circumstances to protect
                  such Copyright, including, where appropriate, the bringing of
                  suit for infringement, seeking injunctive relief and seeking
                  to recover any and all damages for such infringement.
<PAGE>   12

                                    (iii) Not make any assignment or agreement
                  in conflict with the security interest in the Copyrights of
                  each Obligor hereunder other than in the ordinary course of
                  business.

                  (j) Covenants Relating to Patents and Trademarks.

                                    (i) Subject to each Obligor's reasonable
                  business judgment or as permitted in any Senior Credit
                  Document, (A) continue to use each material Trademark in order
                  to maintain such Trademark in full force free from any claim
                  of abandonment for non-use, (B) maintain as in the past the
                  quality of products and services offered under such Trademark,
                  (C) employ such Trademark with the appropriate notice of
                  registration, (D) not adopt or use any mark which is
                  confusingly similar or a colorable imitation of such Trademark
                  unless the Collateral Agent, for the ratable benefit of the
                  Secured Parties, shall obtain a perfected security interest in
                  such mark pursuant to this Security Agreement, and (E) not
                  (and not permit any licensee or sublicensee thereof to) do any
                  act or knowingly omit to do any act whereby any material
                  Trademark may become invalidated.

                                    (ii) Not do any act, or omit to do any act,
                  whereby any material Patent may become abandoned or dedicated.

                                    (iii) Promptly notify the Collateral Agent
                  if it knows, or has reason to know, that any application or
                  registration relating to any material Patent or material
                  Trademark may become abandoned or dedicated, or of any adverse
                  determination or development (including, without limitation,
                  the institution of, or any such determination or development
                  in, any proceeding in the United States Patent and Trademark
                  Office or any court or tribunal in any country) regarding an
                  Obligor's ownership of any such Patent or Trademark or its
                  right to register the same or to keep, use and maintain the
                  same.

                                    (iv) Whenever an Obligor, either by itself
                  or through an agent, employee, licensee or designee, shall
                  file an application for the registration of any Patent or
                  Trademark with the United States Patent and Trademark Office
                  or any similar office or agency in any other country or any
                  political subdivision thereof, such Obligor shall report such
                  filing to the Collateral Agent within ten Business Days after
                  the last day of the fiscal quarter in which such filing
                  occurs. Upon request of the Collateral Agent, an Obligor shall
                  execute and deliver any and all agreements, instruments,
                  documents and papers as the Collateral Agent may reasonably
                  request to evidence the Collateral Agent's and the Secured
                  Parties' security interest in any Patent or Trademark and the
                  goodwill and General Intangibles of such Obligor relating
                  thereto or represented thereby.

                                    (v) Take all reasonable and necessary steps,
                  including, without limitation, in any proceeding before the
                  United States Patent and Trademark Office, or
<PAGE>   13

                  any similar office or agency in any other country or any
                  political subdivision thereof, to maintain and pursue each
                  application, to obtain the relevant registration and to
                  maintain each registration of all material Patents and
                  material Trademarks, including, without limitation, filing of
                  applications for renewal, affidavits of use and affidavits of
                  incontestability.

                                     (vi) Promptly notify the Collateral Agent
                  after it learns that any material Patent or material Trademark
                  included in the Collateral is infringed, misappropriated or
                  diluted by a third party and promptly sue for infringement,
                  misappropriation or dilution, seek injunctive relief where
                  appropriate and recover any and all damages for such
                  infringement, misappropriation or dilution, or take such other
                  actions as it shall reasonably deem appropriate under the
                  circumstances to protect such Patent or Trademark.

                                    (vii) Except for licenses to third parties
                  in the ordinary course of business, not make any assignment or
                  agreement in conflict with the security interest in the
                  Patents or Trademarks, whether now or hereafter existing, of
                  any Obligor hereunder.

                  (k) New Patents, Copyrights and Trademarks. Promptly provide
         the Collateral Agent with (i) a listing of all applications, if any,
         for new Copyrights, Patents or Trademarks (together with a listing of
         the issuance of registrations or letters on present applications),
         which new applications and issued registrations or letters shall be
         subject to the terms and conditions hereunder, and (ii) (A) with
         respect to Copyrights, a duly executed Notice of Grant of Security
         Interest in Copyrights, (B) with respect to Patents, a duly executed
         Notice of Grant of Security Interest in Patents, (C) with respect to
         Trademarks, a duly executed Notice of Grant of Security Interest in
         Trademarks or (D) such other duly executed documents as the Collateral
         Agent may request in a form reasonably acceptable to counsel for the
         Collateral Agent and suitable for recording to evidence the security
         interest of the Collateral Agent for the benefit of the Lenders in the
         Copyright, Patent or Trademark which is the subject of such new
         application.

                  (l) Insurance/Maintenance of Collateral. Each Obligor will at
         all times maintain in full force and effect insurance policies for the
         Collateral in such amounts, covering such risks and liabilities and
         with such deductibles or self-insurance retentions as are in accordance
         with normal industry practice. All such policies shall have the
         Collateral Agent, on behalf of the Secured Parties, named as an
         additional insured and loss payee.

                  In the event there occurs any material loss, damage to or
         destruction of the Collateral of any Obligor or any part thereof, such
         Obligor shall promptly give written notice thereof to the Collateral
         Agent generally describing the nature and extent of such loss, damage
         or destruction. Subsequent to any loss, damage to or destruction of the
         Collateral of any Obligor or any part thereof, such Obligor, whether or
         not the insurance proceeds, if any, received on account of such damage
         or destruction shall be sufficient for that purpose, at such Obligor's
         cost and expense, will promptly repair or replace the Collateral of
         such Obligor so lost,


<PAGE>   14

         damaged or destroyed; provided, however, that such Obligor need not
         repair or replace the Collateral of such Obligor so lost, damaged or
         destroyed to the extent the failure to make such repair or replacement
         (a) is desirable to the proper conduct of the business of such Obligor
         in the ordinary course and otherwise is in the best interest of such
         Obligor and (b) would not materially impair the rights and benefits of
         the Collateral Agents or the Secured Parties under this Security
         Agreement or any Senior Credit Document.

                  In the event an Obligor or the Collateral Agent shall receive
         any insurance proceeds, as a result of any loss, damage or destruction
         of Collateral, (A) in a net amount of $5,000,000 or less, the
         Collateral Agent shall take such action as requested by such Obligor to
         release such proceeds to such Obligor or (B) in a net amount in excess
         of $5,000,000, such Obligor will immediately pay over such proceeds to
         the Collateral Agent as cash collateral for the Secured Obligations.
         The Collateral Agent agrees to release insurance proceeds received in
         accordance with clause (B) of the immediately prior sentence to such
         Obligor for replacement or restoration of the portion of the Collateral
         of such Obligor lost, damaged or destroyed if (x) within 180 days from
         the date the Collateral Agent receives such insurance proceeds, the
         Collateral Agent has received written request for such release from
         such Obligor together with evidence reasonably satisfactory to it that
         the Collateral lost, damaged or destroyed has been or will be replaced
         or restored to its condition (or by Collateral having a value at least
         equal to the condition of the asset subject to the loss, damage or
         destruction) immediately prior to the loss, destruction or other event
         giving rise to the payment of such insurance proceeds, or that such
         Obligor shall acquire such other assets useful in the business of such
         Obligor with such insurance proceeds, and (y) on the date of such
         release no Event of Default exists. If the conditions in the preceding
         sentence are not met, the Collateral Agent may or, upon the request of
         the Required Lenders, shall at any time after the first Business Day
         subsequent to the date 180 days after it received such insurance
         proceeds, apply such insurance proceeds as a mandatory prepayment of
         the Secured Obligations for application in accordance with the terms of
         Section 10 hereof. All insurance proceeds shall be subject to the
         security interest of the Secured Parties under this Security Agreement
         and the Pledge Agreement. All insurance policies maintained hereunder
         shall contain a clause providing that such policies may not be
         canceled, reduced in coverage or otherwise modified without 30 days
         prior written notice to the Collateral Agent.

                  The present insurance coverage of the Obligors for the
         Collateral is outlined as to carrier, policy number, expiration date,
         type and amount on Schedule 5(l) attached hereto. Schedule 5(l) shall
         be amended and updated by the Obligors on an annual basis or upon the
         request of the Collateral Agent.

                  Each Obligor will maintain and preserve its Collateral in good
         repair, working order and condition, normal wear and tear excepted
         (subject to casualty events), and will make, or cause to be made, in
         such properties and equipment from time to time all repairs, renewals,
         replacements, extensions, additions, betterments and improvements
         thereto as may be needed or proper, to the extent and in the manner
         customary for companies in similar businesses.
<PAGE>   15

                  (m) Restrictions on Collateral. Use its best efforts to ensure
         that its assets do not contain legally enforceable restrictions on the
         granting of a security interest therein.

         6.       Performance of Obligations and Advances by Secured Parties. On
failure of any Obligor to perform any of the covenants, obligations and
agreements contained herein, the Collateral Agent may, at its sole option and in
its reasonable discretion, perform or cause the performance of the same and in
so doing may expend such sums as the Collateral Agent may reasonably deem
advisable in the performance thereof, including, without limitation, the payment
of any insurance premiums, the payment of any taxes, a payment to obtain a
release of a Lien or potential Lien (other than Permitted Liens), expenditures
made in defending against any adverse claim and all other expenditures which the
Collateral Agent or the Secured Parties may make for the protection of the
security interest hereof or may be compelled to make by operation of law. All
such sums and amounts so expended shall be repayable by the Obligors on a joint
and several basis promptly upon timely notice thereof and demand therefor, and
all such sums and amounts so expended shall constitute additional Secured
Obligations and shall bear interest from the date said amounts are expended at
the rate specified in Section 3.1(b) of the Fruit of the Loom Agreement for
Revolving Loans that are Base Rate Loans. No such performance of any covenant or
agreement by the Collateral Agent or the Secured Parties on behalf of any
Obligor, and no such advance or expenditure therefor, shall relieve the Obligors
of any default under the terms of this Security Agreement or any Senior Credit
Document. The Secured Parties or the Collateral Agent may make any payment
hereby authorized in accordance with any bill, statement or estimate procured
from the appropriate public office or holder of the claim to be discharged
without inquiry into the accuracy of such bill, statement or estimate or into
the validity of any tax assessment, sale, forfeiture, tax lien, title or claim,
except to the extent such payment is being contested in good faith by an Obligor
in appropriate proceedings and against which adequate reserves are being
maintained in accordance with GAAP.

         7.       Events of Default.

         The occurrence and continuation of an event which under any Senior
Credit Document would constitute an Event of Default shall be an Event of
Default hereunder (an "Event of Default").

         8.       Remedies.

                  (a) General Remedies. Upon the occurrence of an Event of
         Default and during the continuation thereof, the Secured Parties shall
         have, in addition to the rights and remedies provided herein, in the
         Senior Credit Documents or by law (including, but not limited to, the
         rights and remedies set forth in the UCC of the jurisdiction applicable
         to the affected Collateral), the rights and remedies of a secured party
         under the UCC (regardless of whether the UCC is the law of the
         jurisdiction where the rights and remedies are asserted and regardless
         of whether the UCC applies to the affected Collateral), and further,
         the Collateral Agent may, with or without judicial process or the aid
         and assistance of others, (i) enter on any premises on which any of the
         Collateral may be located and, without resistance or interference by
         the Obligors, take possession of the Collateral, (ii) dispose of any
         Collateral on any such premises, (iii) require the Obligors to assemble
         and make available to the Collateral Agent at the expense of the
         Obligors any Collateral at any place and time designated by the
         Collateral Agent which is


<PAGE>   16

         reasonably convenient to both parties, (iv) remove any Collateral from
         any such premises for the purpose of effecting sale or other
         disposition thereof, and/or (v) without demand and without
         advertisement, notice, hearing or process of law, all of which each of
         the Obligors hereby waives to the fullest extent permitted by law, at
         any place and time or times, sell and deliver any or all Collateral
         held by or for it at public or private sale, by one or more contracts,
         in one or more parcels, for cash, upon credit or otherwise, at such
         prices and upon such terms as the Collateral Agent deems advisable, in
         its sole discretion (subject to any and all mandatory legal
         requirements). In addition to all other sums due the Collateral Agent
         and the Secured Parties with respect to the Secured Obligations, the
         Obligors shall pay to the Collateral Agent and each of the Secured
         Parties all reasonable documented costs and expenses incurred by the
         Collateral Agent or any such Secured Party, including, but not limited
         to, reasonable attorneys' fees and court costs, in obtaining or
         liquidating the Collateral, in enforcing payment of the Secured
         Obligations, or in the prosecution or defense of any action or
         proceeding by or against the Collateral Agent or the Secured Parties or
         the Obligors concerning any matter arising out of or connected with
         this Security Agreement, any Collateral or the Secured Obligations,
         including, without limitation, any of the foregoing arising in, arising
         under or related to a case under the Bankruptcy Code. To the extent the
         rights of notice cannot be legally waived hereunder, each Obligor
         agrees that any requirement of reasonable notice shall be met if such
         notice is personally served on or mailed postage prepaid to such
         Obligor in accordance with the notice provisions of Section 15 hereof
         at least 10 Business Days before the time of sale or other event giving
         rise to the requirement of such notice. The Collateral Agent and the
         Secured Parties shall not be obligated to make any sale or other
         disposition of the Collateral regardless of notice having been given.
         To the extent permitted by law, any Secured Party may be a purchaser at
         any such sale. To the extent permitted by applicable law, each of the
         Obligors hereby waives all of its rights of redemption with respect to
         any such sale. Subject to the provisions of applicable law, the
         Collateral Agent and the Secured Parties may postpone or cause the
         postponement of the sale of all or any portion of the Collateral by
         announcement at the time and place of such sale, and such sale may,
         without further notice, to the extent permitted by law, be made at the
         time and place to which the sale was postponed, or the Collateral Agent
         and the Secured Parties may further postpone such sale by announcement
         made at such time and place.

                  (b) Remedies relating to Accounts. Upon the occurrence of an
         Event of Default and during the continuation thereof, whether or not
         the Collateral Agent has exercised any or all of its rights and
         remedies hereunder, each Obligor will promptly upon request of the
         Collateral Agent instruct all account debtors to remit all payments in
         respect of Accounts to a mailing location selected by the Collateral
         Agent. In addition, the Collateral Agent or its designee may notify any
         Obligor's account debtors that the Accounts of such Obligor have been
         assigned to the Collateral Agent or of the Collateral Agent's security
         interest therein, and may (either in its own name or in the name of an
         Obligor or both) demand, collect (including without limitation by way
         of a lockbox arrangement), receive, take receipt for, sell, sue for,
         compound, settle, compromise and give acquittance for any and all
         amounts due or to become due on any Account, and, in the Collateral
         Agent's discretion, file any claim or take any other action or
         proceeding to protect and realize upon the security interest of the
         Secured Parties in the Accounts. Each Obligor acknowledges and agrees
         that the Proceeds of its Accounts


<PAGE>   17

         remitted to or on behalf of the Collateral Agent in accordance with the
         provisions hereof shall be solely for the Collateral Agent's own
         convenience and that such Obligor shall not have any right, title or
         interest in such Accounts or in any such other amounts except as
         expressly provided herein. The Collateral Agent and the Secured Parties
         shall have no liability or responsibility to any Obligor for acceptance
         of a check, draft or other order for payment of money bearing the
         legend "payment in full" or words of similar import or any other
         restrictive legend or endorsement or be responsible for determining the
         correctness of any remittance. Each Obligor hereby agrees to indemnify
         the Collateral Agent and the Secured Parties from and against all
         liabilities, damages, losses, actions, claims, judgments, costs,
         expenses, charges and reasonable attorneys' fees suffered or incurred
         by the Collateral Agent or the Secured Parties (each an "Indemnified
         Party") because of the maintenance of the foregoing arrangements except
         as relating to or arising out of the gross negligence or willful
         misconduct of an Indemnified Party or its officers, employees or
         agents. In the case of any investigation, litigation or other
         proceeding, the foregoing indemnity shall be effective whether or not
         such investigation, litigation or proceeding is brought by an Obligor,
         its directors, shareholders or creditors or an Indemnified Party or any
         other Person or any other Indemnified Party is otherwise a party
         thereto.

                  (c) Access. In addition to the rights and remedies hereunder,
         upon the occurrence of an Event of Default and during the continuation
         thereof, the Collateral Agent shall have the right to enter and remain
         upon the various premises of the Obligors without cost or charge to the
         Collateral Agent, and use the same, together with materials, supplies,
         books and records of the Obligors for the purpose of collecting and
         liquidating the Collateral, or for preparing for sale and conducting
         the sale of the Collateral, whether by foreclosure, auction or
         otherwise. In addition, the Collateral Agent may remove Collateral, or
         any part thereof, from such premises and/or any records with respect
         thereto, in order to effectively collect or liquidate such Collateral.

                  (d) Nonexclusive Nature of Remedies. Failure by the Collateral
         Agent or the Secured Parties to exercise any right, remedy or option
         under this Security Agreement or any Senior Credit Document or as
         provided by law, or any delay by the Collateral Agent or the Secured
         Parties in exercising the same, shall not operate as a waiver of any
         such right, remedy or option. No waiver hereunder shall be effective
         unless it is in writing, signed by the party against whom such waiver
         is sought to be enforced and then only to the extent specifically
         stated, which in the case of the Collateral Agent or the Secured
         Parties shall only be granted as provided herein. To the extent
         permitted by law, neither the Collateral Agent, the Secured Parties,
         nor any party acting as attorney for the Collateral Agent or the
         Secured Parties, shall be liable hereunder for any acts or omissions or
         for any error of judgment or mistake of fact or law other than their
         gross negligence or willful misconduct hereunder. The rights and
         remedies of the Collateral Agents and the Secured Parties under this
         Security Agreement shall be cumulative and not exclusive of any other
         right or remedy which the Collateral Agent or the Secured Parties may
         have.
<PAGE>   18

                  (e) Retention of Collateral. The Collateral Agent may, after
         providing the notices required by Section 9-505(2) of the UCC or
         otherwise complying with the requirements of applicable law of the
         relevant jurisdiction, to the extent the Collateral Agent is in
         possession of any of the Collateral, retain the Collateral in
         satisfaction of the Secured Obligations. Unless and until the
         Collateral Agent shall have provided such notices, however, the
         Collateral Agent shall not be deemed to have retained any Collateral in
         satisfaction of any Secured Obligations for any reason.

                  (f) Deficiency. Unless the Collateral Agent has elected to
         retain the Collateral as set forth in Section 8(e) hereof, in the event
         that the proceeds of any sale, collection or realization are
         insufficient to pay all amounts to which the Collateral Agent or the
         Secured Parties are legally entitled, the Obligors shall be jointly and
         severally liable for the deficiency, together with interest thereon at
         the rate specified in Section 3.1(b) of the Fruit of the Loom Agreement
         for Revolving Loans that are Base Rate Loans, together with the costs
         of collection and the reasonable documented fees of any attorneys
         employed by the Collateral Agent to collect such deficiency. Any
         surplus remaining after the full payment and satisfaction of the
         Secured Obligations (other than any such obligations which by the terms
         thereof are stated to survive termination of the Senior Credit
         Documents) shall be returned to the Obligors or to whomsoever a court
         of competent jurisdiction shall determine to be entitled thereto.


<PAGE>   19


         9.       Rights of the Collateral Agent.

                  (a) Power of Attorney. In addition to other powers of attorney
         contained herein, each Obligor hereby designates and appoints the
         Collateral Agent, on behalf of the Secured Parties, and each of its
         designees or agents, as attorney-in-fact of such Obligor, irrevocably
         and with power of substitution, with authority to take any or all of
         the following actions upon the occurrence and during the continuation
         of an Event of Default:

                           (i) to demand, collect, settle, compromise, adjust,
                  and give discharges and releases concerning the Collateral of
                  such Obligor, all as the Collateral Agent may reasonably
                  determine;

                           (ii) to commence and prosecute any actions in any
                  court for the purposes of collecting any Collateral and
                  enforcing any other right in respect thereof;

                           (iii) to defend, settle or compromise any action
                  brought and, in connection therewith, give such discharge or
                  release as the Collateral Agent may deem reasonably
                  appropriate;

                           (iv) receive, open and dispose of mail addressed to
                  an Obligor and endorse checks, notes, drafts, acceptances,
                  money orders, bills of lading, warehouse receipts or other
                  instruments or documents evidencing payment, shipment or
                  storage of the goods giving rise to the Collateral of such
                  Obligor, or securing or relating to such Collateral, on behalf
                  of and in the name of such Obligor;

                           (v) sell, assign, transfer, make any agreement in
                  respect of, or otherwise deal with or exercise rights in
                  respect of, any Collateral or the goods or services which have
                  given rise thereto, as fully and completely as though the
                  Collateral Agent were the absolute owner thereof for all
                  purposes;

                           (vi) (A) adjust and compromise proceeds payable under
                  an insurance policy of an Obligor for the Collateral, (B)
                  collect, receive and give receipts for such insurance proceeds
                  in the name of such Obligor, the Collateral Agent and the
                  Secured Parties and (C) endorse such Obligor's name upon any
                  instrument in payment thereof;

                           (vii) execute and deliver all assignments,
                  conveyances, statements, financing statements, renewal
                  financing statements, security agreements, affidavits, notices
                  and other agreements, instruments and documents that the
                  Collateral Agent may determine necessary in order to perfect
                  and maintain the security interests and liens granted in this
                  Security Agreement and in order to fully consummate all of the
                  transactions contemplated therein;
<PAGE>   20

                           (viii) institute any foreclosure proceedings that the
                  Collateral Agent may deem appropriate; and

                           (ix) do and perform all such other acts and things as
                  the Collateral Agent may reasonably deem to be necessary,
                  proper or convenient in connection with the Collateral.

         This power of attorney is a power coupled with an interest and shall be
         irrevocable (i) for so long as any of the Secured Obligations (other
         than any such obligations which by the terms thereof are stated to
         survive termination of the Senior Credit Documents) remain outstanding,
         any Senior Credit Document is in effect or any Letter of Credit under
         any Bank Credit Document shall remain outstanding and (ii) until all of
         the Commitments under all Bank Credit Documents shall have been
         terminated. The Collateral Agent shall be under no duty to exercise or
         withhold the exercise of any of the rights, powers, privileges and
         options expressly or implicitly granted to the Collateral Agent in this
         Security Agreement, and shall not be liable for any failure to do so or
         any delay in doing so. The Collateral Agent shall not be liable for any
         act or omission or for any error of judgment or any mistake of fact or
         law in its individual capacity or its capacity as attorney-in-fact
         except acts or omissions resulting from its gross negligence or willful
         misconduct. This power of attorney is conferred on the Collateral Agent
         solely to protect, preserve and realize upon its security interest in
         the Collateral.

                  (b) Assignment by the Collateral Agent. The Collateral Agent
         may from time to time, subject to the provisions of the respective
         Senior Credit Documents, assign the Secured Obligations or any portion
         thereof and/or the Collateral or any portion thereof, and the assignee
         shall be entitled to all of the rights and remedies of the Collateral
         Agent under this Security Agreement in relation thereto.

                  (c) The Collateral Agent's Duty of Care. Other than the
         exercise of reasonable care to ensure the safe custody of the
         Collateral while being held by the Collateral Agent hereunder, the
         Collateral Agent shall have no duty or liability to preserve rights
         pertaining thereto, it being understood and agreed that the Obligors
         shall be responsible for preservation of all rights in the Collateral,
         and the Collateral Agent shall be relieved of all responsibility for
         the Collateral upon surrendering it or tendering the surrender of it to
         the Obligors. The Collateral Agent shall be deemed to have exercised
         reasonable care in the custody and preservation of the Collateral in
         its possession if the Collateral is accorded treatment substantially
         equal to that which the Collateral Agent accords its own property,
         which shall be no less than the treatment employed by a reasonable and
         prudent agent in the industry, it being understood that the Collateral
         Agent shall not have responsibility for taking any necessary steps to
         preserve rights against any parties with respect to any of the
         Collateral.

                  (d) Release of Collateral. The Collateral Agent may release
         any of the Collateral from this Security Agreement or may substitute
         any of the Collateral for other Collateral without altering, varying or
         diminishing in any way the force, effect, lien, pledge or security
         interest of this Security Agreement as to any Collateral not expressly
         released or substituted,


<PAGE>   21

         and this Security Agreement shall continue as a first priority lien,
         subject to Permitted Liens, on all Collateral not expressly released or
         substituted.

         10.      Application of Proceeds. Upon the occurrence and during the
continuation of an Event of Default, any payments in respect of the Secured
Obligations and any proceeds of the Collateral, when received by the Collateral
Agent or any of the Secured Parties in cash or its equivalent, will be applied
in reduction of the Secured Obligations as follows:

                  (a) FIRST, to the payment of all reasonable, documented
         out-of-pocket costs and expenses (including without limitation
         reasonable, documented attorneys' fees) of the Collateral Agent or a
         Secured Party in connection with enforcing the rights of the Secured
         Parties under the Senior Credit Documents and any protective advances
         made by the Collateral Agent or a Secured Party, pro rata as set forth
         below;

                  (b) SECOND, to the payment of all accrued fees and interest
         payable to the Collateral Agent or the Secured Parties under the Senior
         Credit Documents, pro rata as set forth below;

                  (c) THIRD, to the payment of the outstanding principal amount
         of the Loans and unreimbursed drawings under Letters of Credit and to
         the payment or cash collateralization of the outstanding LOC
         Obligations under the Bank Credit Documents and the payment of all
         outstanding principal amounts under the Senior Note Indentures, pro
         rata as set forth below;

                  (d) FOURTH, to any principal amounts outstanding under Hedging
         Agreements, pro rata as set forth below;

                  (e) FIFTH, to all other obligations which shall have become
         due and payable under the Senior Credit Documents and not repaid
         pursuant to clauses "FIRST" through "FOURTH" above, pro rata as set
         forth below; and

                  (f) SIXTH, to the payment of the surplus, if any, to whomever
         may be lawfully entitled to receive such surplus.

         In carrying out the foregoing, (i) amounts received shall be applied in
the numerical order provided until exhausted prior to application to the next
succeeding category; (ii) each of the Secured Parties shall receive an amount
equal to its pro rata share of amounts available to be applied above (based on
the proportion that the then outstanding obligations owed by the Obligors to
such Secured Party under the Senior Credit Documents bears to the aggregate
outstanding obligations of the Obligors to the Secured Parties under the Senior
Credit Documents); and (iii) to the extent that any amounts available for
distribution pursuant to clause "THIRD" above are attributable to the issued but
undrawn amount of outstanding Letters of Credit under any Bank Credit Document,
such amounts shall be held by the Collateral Agent in a cash collateral account
and applied (x) first, to reimburse the Issuing Lenders under each such Bank
Credit Document from time to time for any drawings under such Letters of Credit
and (y) then, following the expiration of


<PAGE>   22

all such Letters of Credit, without duplication, to all other obligations of the
types described in clauses "THIRD" and "FIFTH" above. Each Obligor irrevocably
waives the right to direct the application of such payments and proceeds and
acknowledges and agrees that the Collateral Agent shall have the continuing and
exclusive right to apply and reapply any and all such payments and proceeds in
the Collateral Agent's sole discretion, notwithstanding any entry to the
contrary upon any of its books and records.

         11.      Costs of Counsel. If at any time hereafter, whether upon the
occurrence of an Event of Default or not, the Collateral Agent employs counsel
to prepare or consider amendments, waivers or consents with respect to this
Security Agreement, or to take action or make a response in or with respect to
any legal or arbitral proceeding relating to this Security Agreement or relating
to the Collateral, or to protect the Collateral or exercise any rights or
remedies under this Security Agreement or with respect to the Collateral, then
the Obligors agree to promptly pay upon demand therefor any and all such
reasonable, documented costs and expenses of the Collateral Agent or the Secured
Parties, all of which costs and expenses shall constitute Secured Obligations
hereunder.

         12.      Continuing Agreement.

                  (a) This Security Agreement shall be a continuing agreement in
         every respect and shall remain in full force and effect so long as any
         of the Secured Obligations remain outstanding or any Senior Credit
         Document is in effect or any Letter of Credit under any Bank Credit
         Document shall remain outstanding (other than any such obligations
         which by the terms thereof are stated to survive termination of the
         Senior Credit Documents), and until all of the Commitments under all
         Bank Credit Documents shall have terminated. Upon such payment and
         termination, this Security Agreement shall be automatically terminated
         and the Collateral Agent and the Secured Parties shall, upon the
         request and at the expense of the Obligors, forthwith release all of
         their liens and security interests hereunder and shall execute and
         deliver all UCC termination statements and/or other documents
         reasonably requested by the Obligors evidencing such termination.
         Notwithstanding the foregoing, all releases and indemnities provided
         hereunder shall survive termination of this Security Agreement.

                  (b) This Security Agreement shall continue to be effective or
         be automatically reinstated, as the case may be, if at any time
         payment, in whole or in part, of any of the Secured Obligations is
         rescinded or must otherwise be restored or returned by the Collateral
         Agent or any Secured Party as a preference, fraudulent conveyance or
         otherwise under any bankruptcy, insolvency or similar law, all as
         though such payment had not been made; provided that in the event
         payment of all or any part of the Secured Obligations is rescinded or
         must be restored or returned, all reasonable documented costs and
         expenses (including, without limitation, any reasonable documented
         legal fees and disbursements) incurred by the Collateral Agent or any
         Secured Party in defending and enforcing such reinstatement shall be
         deemed to be included as a part of the Secured Obligations.

         13.      Amendments; Waivers; Modifications. This Security Agreement
and the provisions hereof may not be amended, waived, modified, changed,
discharged or terminated except by a written instrument executed by the Obligors
and the Collateral Agent; provided that the Collateral Agent may


<PAGE>   23

only execute such written instrument upon the consent of the Required Lenders
(or the Fruit of the Loom Lenders, as may be required by the terms of the Fruit
of the Loom Agreement).

         14.      Successors in Interest. This Security Agreement shall create a
continuing security interest in the Collateral and shall be binding upon each
Obligor, its successors and assigns and shall inure, together with the rights
and remedies of the Collateral Agent and the Secured Parties hereunder, to the
benefit of the Collateral Agent and the Secured Parties and their successors and
permitted assigns; provided, however, that none of the Obligors may assign its
rights or delegate its duties hereunder without the prior written consent of the
Collateral Agent and the Required Lenders (or the Fruit of the Loom Lenders as
may be required by the terms of the Fruit of the Loom Agreement). To the fullest
extent permitted by law, each Obligor hereby releases the Collateral Agent and
each Secured Party, and its successors and assigns, from any liability for any
act or omission relating to this Security Agreement or the Collateral, except
for any liability arising from the gross negligence or willful misconduct of the
Collateral Agent or such Secured Party, or its officers, employees or agents.

         15.      Notices. All notices required or permitted to be given under
this Security Agreement shall be as follows:

to an Obligor:             [Name of Obligor]
                           c/o Fruit of the Loom, Inc.
                           233 S. Wacker Drive, Suite 5000
                           Sears Tower
                           Chicago, Illinois  60606
                           Attn:  Vice President and General Counsel

                           Telephone:  (312) 876-1724
                           Facsimile:  (312) 993-1888

with a copy to             [Name of Obligor]
                           c/o Fruit of the Loom, Inc.
                           233 S. Wacker Drive, Suite 5000
                           Sears Tower
                           Chicago, Illinois  60606
                           Attn:  Vice President and Treasurer

                           Telephone:  (312) 876-1724
                           Facsimile:  (312) 993-1888

to the
Collateral Agent:          NationsBank, N.A.
                           Agency Services
                           Independence Center
                           15th Floor
                           Charlotte, North Carolina  28255
                           Attn:  Herb Boyd

                           Telephone:  (704) 388-3225
                           Facsimile:  (704) 386-9923


<PAGE>   24

with a copy to:   Bank of America
                           231 South LaSalle Street
                           9th Floor
                           Chicago, Illinois  60697
                           Attn:  Lisa Donoghue

                           Telephone:  (312) 828-3898
                           Facsimile:  (312) 987-0303

         16.      Counterparts. This Security Agreement may be executed in any
number of counterparts, each of which where so executed and delivered shall be
an original, but all of which shall constitute one and the same instrument. It
shall not be necessary in making proof of this Security Agreement to produce or
account for more than one such counterpart.

         17.      Headings. The headings of the sections and subsections hereof
are provided for convenience only and shall not in any way affect the meaning or
construction of any provision of this Security Agreement.

         18.      Governing Law; Submission to Jurisdiction; Venue.

                  (a) THIS SECURITY AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF
         THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND
         INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NORTH CAROLINA.
         Any legal action or proceeding with respect to this Security Agreement
         may be brought in the courts of the State of North Carolina, or of the
         United States for the Western District of North Carolina, and, by
         execution and delivery of this Security Agreement, each Obligor hereby
         irrevocably accepts for itself and in respect of its property,
         generally and unconditionally, the jurisdiction of such courts. Each
         Obligor further irrevocably consents to the service of process out of
         any of the aforementioned courts in any such action or proceeding by
         the mailing of copies thereof by registered or certified mail, postage
         prepaid, to it at the address for notices pursuant to Section 15
         hereof, such service to become effective 30 days after such mailing.
         Nothing herein shall affect the right of the Collateral Agent to serve
         process in any other manner permitted by law or to commence legal
         proceedings or to otherwise proceed against any Obligor in any other
         jurisdiction.

                  (b) Each Obligor hereby irrevocably waives any objection which
         it may now or hereafter have to the laying of venue of any of the
         aforesaid actions or proceedings arising out of or in connection with
         this Security Agreement brought in the courts referred to in subsection
         (a) hereof and hereby further irrevocably waives and agrees not to
         plead or claim in any such court that any such action or proceeding
         brought in any such court has been brought in an inconvenient forum.


<PAGE>   25

         19.      Waiver of Jury Trial. TO THE EXTENT PERMITTED BY APPLICABLE
LAW, EACH OF THE PARTIES TO THIS SECURITY AGREEMENT HEREBY IRREVOCABLY WAIVES
ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT
OF OR RELATING TO THIS SECURITY AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.

         20.      Severability. If any provision of this Security Agreement is
determined to be illegal, invalid or unenforceable, such provision shall be
fully severable and the remaining provisions shall remain in full force and
effect and shall be construed without giving effect to the illegal, invalid or
unenforceable provisions.

         21.      Entirety. This Security Agreement and the Senior Credit
Documents represent the entire agreement of the parties hereto and thereto, and
supersede all prior agreements and understandings, oral or written, if any,
including any commitment letters or correspondence relating to the Senior Credit
Documents or the transactions contemplated herein and therein.

         22.      Conflicts with Senior Credit Documents. To the extent that any
provision of this Security Agreement conflicts in any substantive way with the
terms of any Senior Credit Document, the terms of such Senior Credit Document
shall control.

         23.      Survival. All representations and warranties of the Obligors
hereunder shall survive the execution and delivery of this Security Agreement
and the Senior Credit Documents and the delivery of Notes, the making of Loans
and the issuance of Letters of Credit under the Bank Credit Documents.

         24.      Other Security. To the extent that any of the Secured
Obligations are now or hereafter secured by property other than the Collateral
(including, without limitation, real property and securities owned by an
Obligor), or by a guarantee, endorsement or property of any other Person, then
the Collateral Agent and the Secured Parties shall have the right to proceed
against such other property, guarantee or endorsement upon the occurrence and
during the continuation of any Event of Default, and the Collateral Agent and
the Secured Parties have the right, in their sole discretion, to determine which
rights, security, liens, security interests or remedies the Collateral Agent and
the Secured Parties shall at any time pursue, relinquish, subordinate, modify or
take with respect thereto, without in any way modifying or affecting any of them
or any of the Collateral Agent's and the Secured Parties' rights or the Secured
Obligations under this Security Agreement or under any Senior Credit Document.

         25.      Joint and Several Obligations of Obligors.

                  (a) Each of the Obligors is accepting joint and several
         liability hereunder in consideration of the financial accommodation to
         be provided by the Secured Parties under the respective Senior Credit
         Documents, for the mutual benefit, directly and indirectly, of each of
         the Obligors and in consideration of the undertakings of each of the
         Obligors to accept joint and several liability for the obligations of
         each of them.
<PAGE>   26

                  (b) Each of the Obligors jointly and severally hereby
         irrevocably and unconditionally accepts, not merely as a surety but
         also as a co-debtor, joint and several liability with the other
         Obligors with respect to the payment and performance of all of the
         Secured Obligations arising under this Security Agreement or the Senior
         Credit Documents, it being the intention of the parties hereto that all
         the Secured Obligations shall be the joint and several obligations of
         each of the Obligors without preferences or distinction among them.

                  (c) Notwithstanding any provision to the contrary contained
         herein or in any other of the Senior Credit Documents, to the extent
         the obligations of an Obligor shall be adjudicated to be invalid or
         unenforceable for any reason (including, without limitation, because of
         any applicable state or federal law relating to fraudulent conveyances
         or transfers) then the obligations of each Obligor hereunder shall be
         limited to the maximum amount that is permissible under applicable law
         (whether federal or state and including, without limitation, the
         Bankruptcy Code).

         26.      Rights of Required Lenders. All rights of the Collateral Agent
hereunder, if not exercised by the Collateral Agent, may be exercised by the
Required Lenders.

         27.      Effective Date. Notwithstanding anything in this Security
Agreement to the contrary, (a) neither the grants of security interests pursuant
to Section 2 hereof, nor any of the covenants and other agreements contained
herein, shall become effective until the Security Agreement Effective Date;
provided that on the Security Agreement Effective Date such pledges, grants of
security interests, covenants and other agreements shall become effective
immediately and without any further action on the part of any of the parties
hereto; and (b) none of the schedules referred to herein shall be required to be
completed or delivered to the Collateral Agent until the Security Agreement
Effective Date; provided that on the Security Agreement Effective Date, such
schedules shall immediately be completed and delivered to the Collateral Agent
and thereafter such schedules (as they may be amended from time to time) shall
constitute a part of this Security Agreement. On and after the Security
Agreement Effective Date, each Obligor shall (within 30 days of such request)
take such action, as reasonably requested by the Collateral Agent and at its own
expense, to ensure that the Collateral Agent, for the benefit of the Secured
Parties, has a first priority, perfected security interest in and Lien on all
Collateral (whether now owned or hereafter acquired), subject only to Permitted
Liens, including, without limitation, delivery of UCC financing statements,
filings with respect to Intellectual Property, valuations of the Collateral and
legal opinions with respect thereto.

         28.      Limitation on Security Interest in Assets of Fruit of the
Loom, Ltd. Notwithstanding any provision in this Security Agreement to the
contrary, Fruit of the Loom, Ltd. is not granting a security interest in its
assets to secure the obligations under the Farley Agreement and, unless (a) the
Farley Lenders request that the assets of Fruit of the Loom, Ltd. secure the
obligations under the Farley Agreement and (b) at the time of such request, such
grant of security interest would not violate any other agreement to which Fruit
of the Loom, Ltd. may be a party, Fruit of the Loom, Ltd. shall not be deemed to
have granted a security interest in its assets in favor of the Farley Lenders,
and the Farley Lenders shall have no rights in the assets of


<PAGE>   27

Fruit of the Loom, Ltd. This provision shall not affect the rights of the Fruit
of the Loom Lenders or the Noteholders in the assets of Fruit of the Loom, Ltd.

         29.      Termination of Security Agreement. Notwithstanding any
provision in this Security Agreement to the contrary, in the event all of the
Bank Credit Documents shall have terminated, no Loans, Letters of Credit or
Commitments thereunder shall remain outstanding, and all obligations thereunder
shall have terminated (other than such obligations that by their terms are
stated to survive termination of the Bank Credit Documents), this Security
Agreement shall immediately terminate and cease to be effective and the Obligors
shall be released from all obligations hereunder (other than such obligations
that by their terms are stated to survive the termination of this Security
Agreement).


                            (signature pages follow)



<PAGE>   28



Each of the parties hereto has caused a counterpart of this Security Agreement
to be duly executed and delivered as of the date first above written.


                                         FRUIT OF THE LOOM, INC.,
                                         a Delaware corporation

                                         By:
                                            ------------------------------------
                                         Name:  Brian J. Hanigan
                                         Title: Vice President and Treasurer


                                         FRUIT OF THE LOOM, LTD.,
                                         a Cayman Islands company

                                         UNION UNDERWEAR COMPANY, INC.,
                                         a New York corporation

                                         ALICEVILLE COTTON MILL, INC.,
                                         an Alabama corporation

                                         THE B.V.D. LICENSING CORPORATION,
                                         a Delaware corporation

                                         FAYETTE COTTON MILL, INC.,
                                         an Alabama corporation

                                         FOL CARIBBEAN CORPORATION,
                                         a Delaware corporation

                                         FRUIT OF THE LOOM ARKANSAS, INC.,
                                         an Arkansas corporation

                                         FRUIT OF THE LOOM CARIBBEAN, INC.,
                                         a Delaware corporation

                                         FRUIT OF THE LOOM, INC.,
                                         a New York corporation

                                         FRUIT OF THE LOOM TEXAS, INC.,
                                         a Texas corporation
<PAGE>   29

                                         FTL SALES COMPANY, INC.,
                                         a New York corporation

                                         GITANO FASHIONS LIMITED,
                                         a Delaware corporation

                                         GREENVILLE MANUFACTURING, INC.,
                                         a Mississippi corporation

                                         JET SEW TECHNOLOGIES, INC.,
                                         a New York corporation

                                         MARTIN MILLS, INC.,
                                         a Louisiana corporation

                                         PRO PLAYER, INC.,
                                         a New York corporation

                                         RABUN APPAREL, INC.,
                                         a Georgia corporation

                                         RUSSELL HOSIERY MILLS, INC.,
                                         a North Carolina corporation

                                         SALEM SPORTSWEAR CORPORATION,
                                         a Delaware corporation

                                         SHERMAN WAREHOUSE CORPORATION,
                                         a Mississippi corporation

                                         UNION SALES, INC.,
                                         a Delaware corporation

                                         UNION YARN MILLS, INC.,
                                         an Alabama corporation

                                         WHITMIRE MANUFACTURING, INC.,
                                         a South Carolina corporation

                                         WINFIELD COTTON MILL, INC.,
                                         an Alabama corporation

                                         FTL REGIONAL SALES COMPANY, INC.,
                                         a Delaware corporation
<PAGE>   30

                                         LEESBURG YARN MILLS, INC.,
                                         an Alabama corporation

                                         SALEM SPORTSWEAR, INC.,
                                         a New Hampshire corporation

                                         FRUIT OF THE LOOM TRADING COMPANY,
                                         a Delaware corporation

                                         DEKALB KNITTING CORPORATION,
                                         an Alabama corporation


                                         By:
                                            ------------------------------------
                                         Name:  Brian J. Hanigan
                                         Title: Vice President and a Financial
                                                Officer of each of the foregoing
                                                entities.



<PAGE>   31


Accepted and agreed to in Charlotte, North Carolina as of the date first above
written.

                                         NATIONSBANK, N.A.,
                                         as Collateral Agent


                                         By:
                                            ------------------------------------
                                         Name:
                                              ----------------------------------
                                         Title:
                                               ---------------------------------





<PAGE>   32


                                  SCHEDULE 1(b)

                              INTELLECTUAL PROPERTY


                          FRUIT OF THE LOOM, INC. (NY)

                                 U.S. TRADEMARKS

<TABLE>
<CAPTION>
PENDING APPLICATIONS
-------------------------------------------------------------------------------------------------------------------
                          MARK                               APPLICATION SERIAL NO.              FILING DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>                                 <C>
               BET YOU THINK THIS IS SILK                          75/612,610                     12/28/98
-------------------------------------------------------------------------------------------------------------------
                     ACTIVE COMFORT                                75/447,798                      3/10/98
-------------------------------------------------------------------------------------------------------------------
               CUMBERLAND BAY and Design                           75/305,504                      6/9/97
-------------------------------------------------------------------------------------------------------------------


REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                  REGISTRATION NO.              REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
          COMFORTABLY HOLDS ITS SHAPE ALL DAY                      2,248,406                       5/25/99
-------------------------------------------------------------------------------------------------------------------
                          FTL                                      1,956,453                       2/13/96
-------------------------------------------------------------------------------------------------------------------
                        LOFTEEZ                                    1,923,805                       10/3/95
-------------------------------------------------------------------------------------------------------------------
                   FRUIT OF THE LOOM                               1,876,708                       1/31/95
-------------------------------------------------------------------------------------------------------------------
                     RIBBED WHITES                                 1,857,744                      10/11/94
-------------------------------------------------------------------------------------------------------------------
        FRUIT OF THE LOOM CASUAL WEAR and Design                   1,809,305                       12/7/93
-------------------------------------------------------------------------------------------------------------------
                     CASUAL COLORS                                 1,786,827                       8/10/93
-------------------------------------------------------------------------------------------------------------------
               FRUIT OF THE LOOM CASUALS                           1,504,928                       9/20/88
-------------------------------------------------------------------------------------------------------------------
      FRUIT OF THE LOOM MADE IN U.S.A. and Design                  1,504,927                       9/20/88
-------------------------------------------------------------------------------------------------------------------
               MADE IN U.S.A. and Design                           1,504,926                       9/20/88
-------------------------------------------------------------------------------------------------------------------
                      Design Mark                                  1,479,680                       3/8/88
-------------------------------------------------------------------------------------------------------------------
                        DURABULK                                   1,405,901                       8/19/85
-------------------------------------------------------------------------------------------------------------------
                         VOGUE(1)                                  1,307,190                      11/27/84
-------------------------------------------------------------------------------------------------------------------
                        FUNPALS                                    1,328,652                       4/2/85
-------------------------------------------------------------------------------------------------------------------
             MADEMOISELLE (MISS YOUNG LADY)                        1,290,168                       8/14/84
-------------------------------------------------------------------------------------------------------------------
                       ART WORKS                                   1,260,071                       12/6/83
-------------------------------------------------------------------------------------------------------------------
                       LI'L APPLE                                  1,286,092                       7/17/84
-------------------------------------------------------------------------------------------------------------------
                      SCREEN STARS                                 1,249,057                       8/23/83
-------------------------------------------------------------------------------------------------------------------
                GOLDEN BLEND (stylized)                            1,236,432                       5/3/83
-------------------------------------------------------------------------------------------------------------------
                       UNIPRINTS                                   1,224,341                       1/18/83
-------------------------------------------------------------------------------------------------------------------
               PREMIUM PLUS + and Design                           1,254,597                      10/18/83
-------------------------------------------------------------------------------------------------------------------
                 GREAT LOOKS (stylized)                            1,220,986                      12/21/82
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                         1,234,708                       4/12/83
-------------------------------------------------------------------------------------------------------------------
                       FINALISTS                                   1,171,397                       9/29/81
-------------------------------------------------------------------------------------------------------------------
                        UNDEROOS                                   1,111,826                       1/23/79
-------------------------------------------------------------------------------------------------------------------
                     THE SOCK HOUSE                                1,118,294                       5/15/79
-------------------------------------------------------------------------------------------------------------------
                 SUPER BAND and Design                             1,113,185                       2/13/79
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                          913,840                        6/8/71
-------------------------------------------------------------------------------------------------------------------
</TABLE>


----------

(1) The trademark database lists the owner of this mark as Fruit of the Loom,
    Inc., a Kentucky corporation.

<PAGE>   33

<TABLE>
<CAPTION>


-------------------------------------------------------------------------------------------------------------------
                          MARK                                  REGISTRATION NO.              REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>                                 <C>
              FRUIT OF THE LOOM and Design                          913,839                        6/8/71
-------------------------------------------------------------------------------------------------------------------
                      Design Mark                                   913,838                        6/8/71
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                          679,661                        6/2/59
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                          678,530                        5/12/59
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                          688,053                       11/10/59
-------------------------------------------------------------------------------------------------------------------
                    OMEGA (stylized)                                675,623                        3/17/59
-------------------------------------------------------------------------------------------------------------------
                       TOP DRAWER                                   674,221                        2/17/59
-------------------------------------------------------------------------------------------------------------------
                 PLANTATION and Design                              179,913                        2/19/24
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM (stylized)                          175,314                        11/6/23
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM (stylized)                          174,998                       10/30/23
-------------------------------------------------------------------------------------------------------------------


STATE OR COMMONWEALTH MARKS

-------------------------------------------------------------------------------------------------------------------
      STATE/COMMONWEALTH                   MARK                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
         Puerto Rico                 FRUIT OF THE LOOM                 34,347                       7/31/95
-------------------------------------------------------------------------------------------------------------------
         Puerto Rico                    Design Mark                    34,346                       7/31/95
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                        RUSSELL HOSIERY MILLS, INC. (NC)

                                 U.S. TRADEMARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                  REGISTRATION NO.              REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                             <C>                           <C>
                      LOW RUNNERS                                  1,550,276                       8/1/89
-------------------------------------------------------------------------------------------------------------------
                       SUPERBULK                                   1,362,094                       9/24/85
-------------------------------------------------------------------------------------------------------------------
                       PROS KNOW                                   1,322,259                       2/26/85
-------------------------------------------------------------------------------------------------------------------
                        IN-TREAD                                   1,344,653                       6/25/85
-------------------------------------------------------------------------------------------------------------------
              RUSSELL NATIONAL and Design                          1,356,767                       8/27/85
-------------------------------------------------------------------------------------------------------------------
                       DURASOCKS                                   1,176,329                       11/3/81
-------------------------------------------------------------------------------------------------------------------
                        EVER DRY                                   1,148,059                       3/3/81
-------------------------------------------------------------------------------------------------------------------
                       ULTRA DRY                                   1,148,459                       3/17/81
-------------------------------------------------------------------------------------------------------------------
                        ALL DRY                                    1,148,458                       3/17/81
-------------------------------------------------------------------------------------------------------------------
                      R and Design                                 1,149,019                       3/24/81
-------------------------------------------------------------------------------------------------------------------
                 SHORTCUFFS (stylized)                             1,159,229                       6/30/81
-------------------------------------------------------------------------------------------------------------------
                        PRO ROLL                                   1,127,560                      12/11/79
-------------------------------------------------------------------------------------------------------------------
                   PRO MS. (stylized)                              1,125,598                       10/2/79
-------------------------------------------------------------------------------------------------------------------
                  ATHLETTES and Design                             1,176,291                       11/3/81
-------------------------------------------------------------------------------------------------------------------
                      CUSHION-PLUS                                  928,798                        2/8/72
-------------------------------------------------------------------------------------------------------------------
                      FOOT-COZIES                                   770,409                        5/26/64
-------------------------------------------------------------------------------------------------------------------
                       MITEY-BIGS                                   691,746                        1/19/60
-------------------------------------------------------------------------------------------------------------------
                   ROCKAY (stylized)                                688,021                       11/10/59
-------------------------------------------------------------------------------------------------------------------
                      CREW-TOPPER                                   670,977                        12/9/58
-------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   34

                     THE UNION UNDERWEAR COMPANY, INC. (NY)

                                 U.S. TRADEMARKS
<TABLE>
<CAPTION>
REGISTERED MARKS
-------------------------------------------------------------------------------------------------------------------
                          MARK                                  REGISTRATION NO.              REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>                                 <C>
                  BLOOPERS! (stylized)                             2,101,575                       9/30/97
-------------------------------------------------------------------------------------------------------------------
                       TRI COLORS                                  1,545,023                       6/20/89
-------------------------------------------------------------------------------------------------------------------
                      KIDS KOLORS                                  1,919,828                       9/19/95
-------------------------------------------------------------------------------------------------------------------
                  BLOOPERS! (stylized)                             1,464,698                      11/10/87
-------------------------------------------------------------------------------------------------------------------
                     WARM FEELINGS                                 1,275,307                       4/24/84
-------------------------------------------------------------------------------------------------------------------
                  SPORTIQUE and Design                             1,289,113                       8/7/84
-------------------------------------------------------------------------------------------------------------------
                    MR. G and Design                                741,665                        12/4/62
-------------------------------------------------------------------------------------------------------------------
                    JR. G and Design                                741,664                        12/4/62
-------------------------------------------------------------------------------------------------------------------


STATE OR COMMONWEALTH MARKS

-------------------------------------------------------------------------------------------------------------------
      STATE/COMMONWEALTH                   MARK                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
         Puerto Rico                   SCREEN STARS                    31,097                       9/14/92
-------------------------------------------------------------------------------------------------------------------
         Puerto Rico                     UNDEROOS                      21,922                      11/10/78
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                     THE B.V.D. LICENSING CORPORATION (DEL.)

                                 U.S. TRADEMARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                  REGISTRATION NO.              REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                             <C>                           <C>
             COMFORT THAT DOESN'T WEAR OUT                         2,198,222                      10/20/98
-------------------------------------------------------------------------------------------------------------------
                     BVD and Design                                1,506,054                       9/27/88
-------------------------------------------------------------------------------------------------------------------
                     BVD and Design                                1,506,049                       9/27/88
-------------------------------------------------------------------------------------------------------------------
                   LEGENDARY QUALITY                               1,464,625                      11/10/87
-------------------------------------------------------------------------------------------------------------------
                     THE BODY BASIC                                1,145,835                       1/13/81
-------------------------------------------------------------------------------------------------------------------
                     BVD and Design                                1,107,398                      11/28/78
-------------------------------------------------------------------------------------------------------------------
                 MISS B.V.D. (stylized)                             824,467                        2/21/67
-------------------------------------------------------------------------------------------------------------------
                 LADY B.V.D. (stylized)                             824,466                        2/21/67
-------------------------------------------------------------------------------------------------------------------
                         B.V.D.                                     764,348                        2/4/64
-------------------------------------------------------------------------------------------------------------------
                      MISS B.V.D.                                   688,379                       11/17/59
-------------------------------------------------------------------------------------------------------------------
      "NEXT TO MYSELF I LIKE B.V.D. BEST" (stylized)                587,588                        3/30/54
-------------------------------------------------------------------------------------------------------------------
                         B.V.D.                                     546,353                        8/7/51
-------------------------------------------------------------------------------------------------------------------
                   B.V.D. and Design                                408,771                        8/29/44
-------------------------------------------------------------------------------------------------------------------
                   B.V.D. (stylized)                                367,184                        5/9/39
-------------------------------------------------------------------------------------------------------------------
                         B.V.D.                                      49,931                        2/27/06
-------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>   35

                         GITANO FASHIONS LIMITED (DEL.)

                                 U.S. TRADEMARKS

<TABLE>
<CAPTION>
PENDING APPLICATIONS
-------------------------------------------------------------------------------------------------------------------
                          MARK                               APPLICATION SERIAL NO.              FILING DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>                                 <C>
                        GIT MORE                                   75/628,081                      1/26/99
-------------------------------------------------------------------------------------------------------------------
                TECHNA SPORT and Design                            75/392,287                     11/18/97
-------------------------------------------------------------------------------------------------------------------


REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                  REGISTRATION NO.              REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
                       EASY WAIST                                  2,061,524                       5/13/97
-------------------------------------------------------------------------------------------------------------------
            GITANO AMERICAN MADE and Design                        1,881,529                       2/28/95
-------------------------------------------------------------------------------------------------------------------
                   GITANO and Design                               1,766,799                       4/20/93
-------------------------------------------------------------------------------------------------------------------
                      Design Mark                                  1,970,100                       4/23/96
-------------------------------------------------------------------------------------------------------------------
         AMERICAN FREEDOM GITANO THE                               1,969,857                       4/23/96
        FREEDOM TO MOVE WITH COMFORT
    COMFORT & QUALITY GUARANTEED MADE IN USA
         PREMIUM JEANS SINCE 1971 100%
              COTTON and Design
-------------------------------------------------------------------------------------------------------------------
                     GITANO (GYPSY)                                1,953,147                       1/30/96
-------------------------------------------------------------------------------------------------------------------
            THE FREEDOM TO MOVE WITH COMFORT                       1,956,741                       2/13/96
-------------------------------------------------------------------------------------------------------------------
                     ULTRA WEIGHTS                                 1,898,177                       6/6/95
-------------------------------------------------------------------------------------------------------------------
               GITANO (GYPSY) and Design                           1,853,636                       9/13/94
-------------------------------------------------------------------------------------------------------------------
               GITANO (GYPSY) and Design                           1,907,851                       7/25/95
-------------------------------------------------------------------------------------------------------------------
              PS GITANO (GYPSY) and Design                         1,841,897                       6/28/94
-------------------------------------------------------------------------------------------------------------------
                    FASHION STORIES                                1,839,952                       6/14/94
-------------------------------------------------------------------------------------------------------------------
             FRIENDS UNITED FOR WORLD STYLE                        1,751,362                       2/9/93
-------------------------------------------------------------------------------------------------------------------
                          PS 1                                     1,851,524                       8/30/94
-------------------------------------------------------------------------------------------------------------------
                   GITANO and Design                               1,748,390                       1/26/93
-------------------------------------------------------------------------------------------------------------------
                FIT 2B TRIED and Design                            1,782,281                       7/13/93
-------------------------------------------------------------------------------------------------------------------
                      BABY GITANO                                  1,739,848                      12/15/92
-------------------------------------------------------------------------------------------------------------------
                     GITANO HIKERS                                 1,834,690                       5/3/94
-------------------------------------------------------------------------------------------------------------------
                   GITANO (stylized)                               1,748,208                       1/26/93
-------------------------------------------------------------------------------------------------------------------
                WORKING TOGETHER FOR YOU                           1,736,704                       12/1/92
-------------------------------------------------------------------------------------------------------------------
                      ACTION STEP                                  1,739,924                      12/15/92
-------------------------------------------------------------------------------------------------------------------
               SUN KISS GITANO and Design                          1,775,911                       6/8/93
-------------------------------------------------------------------------------------------------------------------
                        KNIT KIT                                   1,750,799                       2/2/93
-------------------------------------------------------------------------------------------------------------------
               GITANO (GYPSY) and Design                           1,615,528                       10/2/90
-------------------------------------------------------------------------------------------------------------------
                       EJ GITANO                                   1,568,238                      11/28/89
-------------------------------------------------------------------------------------------------------------------
                     GITANO (GYPSY)                                1,578,252                       1/16/90
-------------------------------------------------------------------------------------------------------------------
                    AMERICAN FREEDOM                               1,509,196                      10/18/88
-------------------------------------------------------------------------------------------------------------------
                      TECHNA SPORT                                 1,512,612                      11/15/88
-------------------------------------------------------------------------------------------------------------------
                TECHNA SPORT and Design                            1,512,611                      11/15/88
-------------------------------------------------------------------------------------------------------------------
            GITANO SPORT (GYPSY) and Design                        1,511,720                       11/8/88
-------------------------------------------------------------------------------------------------------------------
                    BEHIND THE SEAMS                               1,500,506                       8/16/88
-------------------------------------------------------------------------------------------------------------------
                  DECK SHOE and Design                             1,489,428                       5/24/88
-------------------------------------------------------------------------------------------------------------------
                    BASIC EQUIPMENT                                1,475,939                       2/9/88
-------------------------------------------------------------------------------------------------------------------
                 INNER VIEW and Design                             1,467,477                       12/1/87
-------------------------------------------------------------------------------------------------------------------
   GITANO MATERNITY APPAREL MA (TRIPTAKER) and Design              1,454,389                       8/25/87
-------------------------------------------------------------------------------------------------------------------
             GITANO (TRIPTAKER) (stylized)                         1,453,287                       8/18/87
-------------------------------------------------------------------------------------------------------------------
      GITANO (TRIP-TAKER, EXCURSIONIST) (stylized)                 1,460,809                      10/13/87
-------------------------------------------------------------------------------------------------------------------
               SUN KISS GITANO and Design                          1,429,356                       2/17/87
-------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   36
<TABLE>
<CAPTION>


-------------------------------------------------------------------------------------------------------------------
                          MARK                                  REGISTRATION NO.              REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>                                 <C>
            GITANO (EXCURSIONIST) (stylized)                       1,431,960                       3/10/87
-------------------------------------------------------------------------------------------------------------------
                    RISE and Design                                1,406,820                       8/26/86
-------------------------------------------------------------------------------------------------------------------
             P.S. GITANO (GYPSY) and Design                        1,385,286                       3/4/86
-------------------------------------------------------------------------------------------------------------------
                    FIT TO BE TRIED                                1,457,486                       9/15/87
-------------------------------------------------------------------------------------------------------------------
                THE JOY OF GETTING MORE                            1,271,916                       3/27/84
-------------------------------------------------------------------------------------------------------------------
      GITANO (EXCURSIONIST TRIP-TAKER) and Design                  1,203,662                       8/3/82
-------------------------------------------------------------------------------------------------------------------
                     PS (stylized)                                 1,182,266                      12/15/81
-------------------------------------------------------------------------------------------------------------------
                   GITANO (TRAVELER)                               1,119,681                       6/5/79
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                         JET SEW TECHNOLOGIES, INC. (NY)

                                 U.S. TRADEMARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                  REGISTRATION NO.              REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                             <C>                           <C>
                        JET SEW                                    1,547,088                       7/11/89
-------------------------------------------------------------------------------------------------------------------
                       CLUPICKER                                   1,075,843                      10/25/77
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                              PRO PLAYER, INC. (NY)

                                 U.S. TRADEMARKS

<TABLE>
<CAPTION>
PENDING APPLICATIONS

-------------------------------------------------------------------------------------------------------------------
                          MARK                               APPLICATION SERIAL NO.              FILING DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>                                 <C>
                       PRO PLAYER                                  75/009,404                     10/24/95
-------------------------------------------------------------------------------------------------------------------

REGISTERED MARKS
-------------------------------------------------------------------------------------------------------------------
                          MARK                                  REGISTRATION NO.              REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
                  FANS GEAR (stylized)                             2,077,125                       7/8/97
-------------------------------------------------------------------------------------------------------------------
                       PRO PLAYER                                  2,025,275                      12/24/96
-------------------------------------------------------------------------------------------------------------------
                       PRO PLAYER                                  1,897,027                       5/30/95
-------------------------------------------------------------------------------------------------------------------
                   WEAR THE ATTITUDE                               2,081,861                       7/22/97
-------------------------------------------------------------------------------------------------------------------
                      P and Design                                 1,782,748                       7/20/93
-------------------------------------------------------------------------------------------------------------------
                       PRO PLAYER                                  1,751,335                       2/9/93
-------------------------------------------------------------------------------------------------------------------
                      DANIEL YOUNG                                 1,636,199                       2/26/91
-------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>   37


                           SALEM SPORTSWEAR, INC. (NH)

                                 U.S. TRADEMARKS

<TABLE>
<CAPTION>
REGISTERED MARKS
-------------------------------------------------------------------------------------------------------------------
                          MARK                                  REGISTRATION NO.              REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                             <C>                           <C>
                       BABY SALEM                                  1,776,605                       6/15/93
-------------------------------------------------------------------------------------------------------------------
                OFFICIAL FAN and Design                            1,685,400                       5/5/92
-------------------------------------------------------------------------------------------------------------------
              SALEM SPORTSWEAR and Design                          1,791,681                       9/7/93
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                     THE UNION UNDERWEAR COMPANY, INC. (NY)

                                  U.S. PATENTS
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
        PATENT NO.                FILING DATE                                     TITLE
-------------------------------------------------------------------------------------------------------------------
<S>                               <C>                                             <C>
         5,657,945                  2/5/96          Powerized unroller
-------------------------------------------------------------------------------------------------------------------
         5,649,435                  11/7/95         Circular knitting machine with replaceable knitting head
-------------------------------------------------------------------------------------------------------------------
         5,533,461                  2/10/95         Pocket hemmer having a thread break sensor
-------------------------------------------------------------------------------------------------------------------
         5,443,024                 10/26/93         Pocket hemmer
-------------------------------------------------------------------------------------------------------------------
         5,135,580                  3/27/91         Filter-washing system
-------------------------------------------------------------------------------------------------------------------
         5,042,272                  7/12/90         Knitting machine fabric roll doffing apparatus
-------------------------------------------------------------------------------------------------------------------
         4,524,706                  9/25/81         Trim attaching machine and method
-------------------------------------------------------------------------------------------------------------------
         4,324,004                  7/9/80          Method for making fused collars and product resulting therefrom
-------------------------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>   38


                         JET SEW TECHNOLOGIES, INC. (NY)

                                  U.S. PATENTS
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
        PATENT NO.                FILING DATE                                     TITLE
-------------------------------------------------------------------------------------------------------------------
<S>                               <C>               <C>
         5,881,661                 11/19/97         Leg binding attachment system
-------------------------------------------------------------------------------------------------------------------
         5,816,178                  9/20/95         Automatic unloading and stacking apparatus
-------------------------------------------------------------------------------------------------------------------
         5,809,919                  9/18/96         Clamping device and method for an automatic sewing system
-------------------------------------------------------------------------------------------------------------------
         5,806,449                  4/3/96          Method and apparatus for attaching sleeves to shirt bodies
-------------------------------------------------------------------------------------------------------------------
         5,746,427                  9/26/95         Roller type stacker and method for stacking pieces of limp
                                                    material
-------------------------------------------------------------------------------------------------------------------
         5,622,129                 10/20/95         Pneumatic tensioning arm for automated sewing machine
-------------------------------------------------------------------------------------------------------------------
         5,622,128                 10/20/95         Fabric tensioning system and separator plate for automated
                                                    sewing machine
-------------------------------------------------------------------------------------------------------------------
         5,600,906                  10/3/95         Automatic suction type transfer of limp material on conveyors
-------------------------------------------------------------------------------------------------------------------
         5,555,833                  8/22/94         Sleeve insertion system for the manufacture of shirts
-------------------------------------------------------------------------------------------------------------------
         5,553,561                 10/25/94         Sleeve insertion system with edge guide feature
-------------------------------------------------------------------------------------------------------------------
         5,505,149                  4/18/95         Method and apparatus for attaching sleeves to shirt bodies
-------------------------------------------------------------------------------------------------------------------
         5,406,900                  10/1/93         Method and apparatus for attaching sleeves to tubular shirt
                                                    bodies
-------------------------------------------------------------------------------------------------------------------
         5,365,867                  8/27/93         Style group recognition system for automated sewing patterns
-------------------------------------------------------------------------------------------------------------------
         5,349,913                  5/14/93         Method and apparatus for attaching sleeves to tubular shirt
                                                    bodies
-------------------------------------------------------------------------------------------------------------------
         5,349,912                  3/25/93         Pocket setter for flat and tabular garments
-------------------------------------------------------------------------------------------------------------------
         5,255,621                  6/24/92         Turret pocket setter for tubular fabrics
-------------------------------------------------------------------------------------------------------------------
         5,029,537*                 6/14/89         Method and apparatus for contoured folding and hemming of fabric
                                                    parts, such as pocket plies
-------------------------------------------------------------------------------------------------------------------
         4,865,309*                 8/4/88          Method and apparatus for aligning workpieces of variable lengths
-------------------------------------------------------------------------------------------------------------------
         4,602,580                  1/22/85         Method and apparatus for forming sleeve packets
-------------------------------------------------------------------------------------------------------------------
         4,333,409                 12/21/79         Fabric label feeding means
-------------------------------------------------------------------------------------------------------------------
</TABLE>

*  There is a gap in the chain of title of this patent between Cluett, Peabody
& Co., Inc. and West Point-Pepperell, Inc., the party which assigned the patent
to Jet Sew. Cluett, Peabody merged with West Point Pepperell on January 1, 1989.


<PAGE>   39


                             FRUIT OF THE LOOM, INC.

                                 U.S. COPYRIGHTS
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
     REGISTRATION NO.         REGISTRATION DATE                                   TITLE
-------------------------------------------------------------------------------------------------------------------
<S>                           <C>                   <C>
         VA391019                  12/18/89         The Cat and the fiddle
-------------------------------------------------------------------------------------------------------------------
         VA389170                  12/27/89         Mary had a little lamb
-------------------------------------------------------------------------------------------------------------------
         VA382749                  12/18/89         Little Miss Muffet
-------------------------------------------------------------------------------------------------------------------
         VA306940                  4/18/88          [Bears & hearts]
-------------------------------------------------------------------------------------------------------------------
         VA306938                  4/18/88          [Berry vines]
-------------------------------------------------------------------------------------------------------------------
         VA305373                  5/17/88          Country fresh
-------------------------------------------------------------------------------------------------------------------
         VA305372                  5/17/88          Butterfly bows
-------------------------------------------------------------------------------------------------------------------
         VA305371                  5/17/88          [Bows, bows, and more bows
-------------------------------------------------------------------------------------------------------------------
         VA303470                  5/18/88          Tender hearts
-------------------------------------------------------------------------------------------------------------------
         VA303469                  5/18/88          Cute as a button
-------------------------------------------------------------------------------------------------------------------
         VA302022                  4/18/88          Bubbles
-------------------------------------------------------------------------------------------------------------------
         VA283483                  10/29/87         Panda parade (paper dolls)
-------------------------------------------------------------------------------------------------------------------
         VA282894                  10/29/87         Make a wish
-------------------------------------------------------------------------------------------------------------------
         VA281605                  10/29/87         Make a friend
-------------------------------------------------------------------------------------------------------------------
         VA281371                  10/30/87         I'm somebody special
-------------------------------------------------------------------------------------------------------------------
         VA281365                  10/29/87         Panda parade (Rocking horse)
-------------------------------------------------------------------------------------------------------------------
         VA281319                  10/29/87         Panda parade (balloons)
-------------------------------------------------------------------------------------------------------------------
         VA274140                  6/17/87          World of dolls
-------------------------------------------------------------------------------------------------------------------
         VA273370                  7/15/87          World of dolls
-------------------------------------------------------------------------------------------------------------------
         VA270591                  6/15/86          World of dolls (United States)
-------------------------------------------------------------------------------------------------------------------
         VA227697                  11/6/85          Unicorns
-------------------------------------------------------------------------------------------------------------------
         VA227696                  11/6/85          Winged pony
-------------------------------------------------------------------------------------------------------------------
         VA227695                  11/6/85          Pegasus
-------------------------------------------------------------------------------------------------------------------
         VA227694                  11/6/85          Gumballs
-------------------------------------------------------------------------------------------------------------------
         VA227693                  11/6/85          Little Bo Peep
-------------------------------------------------------------------------------------------------------------------
         VA227692                  11/6/85          The Cat and the fiddle
-------------------------------------------------------------------------------------------------------------------
         VA227691                  11/6/85          Little Miss Muffet
-------------------------------------------------------------------------------------------------------------------
         VA227690                  11/6/85          Picnic
-------------------------------------------------------------------------------------------------------------------
         VA227689                  11/6/85          Babies
-------------------------------------------------------------------------------------------------------------------
         VA224710                  11/6/85          Balloons
-------------------------------------------------------------------------------------------------------------------
         VA224709                  11/6/85          Rainbows
-------------------------------------------------------------------------------------------------------------------
         VA224708                  11/6/85          Music
-------------------------------------------------------------------------------------------------------------------
         VA221519                  4/14/86          Up, up, and away
-------------------------------------------------------------------------------------------------------------------
         VA221516                  4/14/86          Butterflies are pretty
-------------------------------------------------------------------------------------------------------------------
         VA221515                  4/14/86          Goldilocks
-------------------------------------------------------------------------------------------------------------------
         VA221514                  4/14/86          Red Riding Hood
-------------------------------------------------------------------------------------------------------------------
         VA221513                  4/14/86          Alice in Wonderland
-------------------------------------------------------------------------------------------------------------------
         VA221512                  4/14/86          Love is my friends
-------------------------------------------------------------------------------------------------------------------
         VA205004                  11/13/85         Raindrops
-------------------------------------------------------------------------------------------------------------------
         VA205003                  11/13/85         Butterflies
-------------------------------------------------------------------------------------------------------------------
         VA205002                  11/13/85         Hearts
-------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>   40


                          UNION UNDERWEAR COMPANY, INC.

                                 U.S. COPYRIGHTS
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
     REGISTRATION NO.         REGISTRATION DATE                                   TITLE
-------------------------------------------------------------------------------------------------------------------
<S>                           <C>                   <C>
         VAu34856                   2/1/82          Hi, Emma
-------------------------------------------------------------------------------------------------------------------
         VA205005                  11/13/85         3 decorated girls' briefs: with 3 related designs
-------------------------------------------------------------------------------------------------------------------
         VA165390                   9/5/84          Warm feelings
-------------------------------------------------------------------------------------------------------------------
         VA 19740                  3/22/79          Underoos, underwear that's fun to wear!
-------------------------------------------------------------------------------------------------------------------
         VA 11273                  11/13/78         Superman Underoos, underwear that's fun to wear!
-------------------------------------------------------------------------------------------------------------------
         VA 11272                  11/13/78         Betty Underoos, underwear that's fun to wear!
-------------------------------------------------------------------------------------------------------------------
         PA 16155                  11/13/78         Boys
-------------------------------------------------------------------------------------------------------------------
         PA 16154                  11/13/78         Girls
-------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>   41


                         FRUIT OF THE LOOM, INC. (N.Y.)

                               CANADIAN TRADEMARKS


<TABLE>
<CAPTION>
PENDING APPLICATIONS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   APPLICATION NO.                 FILING DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                             <C>
                     CUMBERLAND BAY                                  0893,135                      10/13/98
-------------------------------------------------------------------------------------------------------------------

REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                          TMA481,032                     8/20/97
-------------------------------------------------------------------------------------------------------------------
       FRUIT OF THE LOOM FEMININE STYLE and Design                  TMA420,531                     12/10/93
-------------------------------------------------------------------------------------------------------------------
                FRUIT OF THE LOOM CASUALS                           TMA406,289                     12/18/92
-------------------------------------------------------------------------------------------------------------------
                      GOLDEN BLEND                                  TMA338,954                      4/8/88
-------------------------------------------------------------------------------------------------------------------
                         FUNGALS                                    TMA328,122                     5/29/87
-------------------------------------------------------------------------------------------------------------------
                  SUPERBAND and Design                              TMA360,523                     10/20/89
-------------------------------------------------------------------------------------------------------------------
                         FUNPALS                                    TMA327,378                      5/8/87
-------------------------------------------------------------------------------------------------------------------
           ATLANTIC TRADING COMPANY and Design                      TMA306,864*                    9/13/85
-------------------------------------------------------------------------------------------------------------------
                       WIND SEEKER                                  TMA302,716*                    5/10/85
-------------------------------------------------------------------------------------------------------------------
                    P.R.O. and Design                               TMA282,187*                     8/5/83
-------------------------------------------------------------------------------------------------------------------
                      SCREEN STARTS                                 TMA282,549                     8/19/83
-------------------------------------------------------------------------------------------------------------------
                       UNDERSKINS                                   TMA247,327*                    6/27/80
-------------------------------------------------------------------------------------------------------------------
                   UNDEROOS and Design                              TMA243,852                     4/25/80
-------------------------------------------------------------------------------------------------------------------
                   ATLANTIC and Design                              TMA218,100*                    12/31/76
-------------------------------------------------------------------------------------------------------------------
                   FERGUSSON ATLANTIC                               TMA214,401*                    6/18/76
-------------------------------------------------------------------------------------------------------------------
                         DURAFIT                                    TMA141,775*                     9/3/65
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                          TMA120,178                     11/18/60
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                              TMDA033,513                      6/1/23
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                         TMDA028,668                      7/8/21
-------------------------------------------------------------------------------------------------------------------
                        ATLANTIC                                   TMDA026,681*                    6/10/20
-------------------------------------------------------------------------------------------------------------------
</TABLE>

*Subject to a security interest recorded with CIPO on June 9, 1989.


                          UNION UNDERWEAR COMPANY, INC.

                               CANADIAN TRADEMARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                   BLOOPERS and Design                              TMA409,472                     3/12/93
-------------------------------------------------------------------------------------------------------------------
                      WARM FEELINGS                                 TMA343,893                     8/19/88
-------------------------------------------------------------------------------------------------------------------
                        BLOOPERS                                    TMA398,597                     5/29/92
-------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>   42

                             THE B.V.D. CORPORATION

                               CANADIAN TRADEMARKS

REGISTERED MARKS
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
    B.V.D. MADE FOR THE BEST RETAIL TRADE and Design               NFLD002,352                     11/9/39
-------------------------------------------------------------------------------------------------------------------

</TABLE>

                             GITANO FASHIONS LIMITED

                               CANADIAN TRADEMARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
   BECAUSE LEGS ARE THE PEDESTAL EVERY WOMAN STANDS ON              TMA426,298                     4/15/94
-------------------------------------------------------------------------------------------------------------------
                     EMPORIO GITANO                                 TMA440,737                     3/24/95
-------------------------------------------------------------------------------------------------------------------
                         GITANO                                     TMA440,419                     3/17/95
-------------------------------------------------------------------------------------------------------------------
                         GITANO                                     TMA402,647                     9/11/92
-------------------------------------------------------------------------------------------------------------------
          LINEA GITANO (GYPSY LINE) and Design                      TMA440,226                     3/10/95
-------------------------------------------------------------------------------------------------------------------
                    GITANO COLLECTION                               TMA400,405                     7/24/92
-------------------------------------------------------------------------------------------------------------------
                      GITANO FAMILY                                 TMA389,886                     11/8/91
-------------------------------------------------------------------------------------------------------------------
                  THE SPIRIT OF FAMILY                              TMA389,510                     10/25/91
-------------------------------------------------------------------------------------------------------------------
                         FAMILY                                     TMA389,883                     11/8/91
-------------------------------------------------------------------------------------------------------------------
                         GITANO                                     TMA244,568                      5/9/80
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                           RUSSELL HOSIERY MILLS, INC.

                               CANADIAN TRADEMARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
               RUSSELL NATIONAL and Design                          TMA201,607                      9/6/74
-------------------------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>   43


                             SALEM SPORTSWEAR, INC.

                               CANADIAN TRADEMARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
               SALEM SPORTSWEAR and Design                          TMA407,112                     1/22/93
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                             FRUIT OF THE LOOM, INC.

                                   U.K. MARKS

<TABLE>
<CAPTION>
PENDING APPLICATIONS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   APPLICATION NO.               APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
                         SOFSPUN                                     2149670                       10/30/97
-------------------------------------------------------------------------------------------------------------------
</TABLE>


<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
                CUMBERLAND BAY and Design                            2179629                       10/14/98
-------------------------------------------------------------------------------------------------------------------
                 SCREEN STARS and Design                             2012849                       3//2/95
-------------------------------------------------------------------------------------------------------------------
                          FRUIT                                      2010168                        2/6/95
-------------------------------------------------------------------------------------------------------------------
           LIFE LIBERTY AND FRUIT OF THE LOOM                        1585890                       9/26/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           1568017                        4/7/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           1535273                       5/10/93
-------------------------------------------------------------------------------------------------------------------
                        ART WORKS                                    B1180540                      8/21/82
-------------------------------------------------------------------------------------------------------------------
                      SCREEN STARS                                   B1171913                      3/20/82
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           1151358                       3/27/81
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           B1115563                       6/7/79
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           1102521                       10/6/78
-------------------------------------------------------------------------------------------------------------------
                        UNDEROOS                                     1102155                       9/29/78
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           B1019585                      10/25/73
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           B997014                       8/16/72
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           B982461                       11/1/71
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM (stylized)                           B790246                       4/29/59
-------------------------------------------------------------------------------------------------------------------
                       FRUIT BRAND                                    790245                       4/29/59
-------------------------------------------------------------------------------------------------------------------
                       APPLE BRAND                                    790244                       4/29/59
-------------------------------------------------------------------------------------------------------------------
                       Design Mark                                    790243                       4/29/59
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           B703941                       1/11/52
-------------------------------------------------------------------------------------------------------------------
  FRUIT OF THE LOOM THE ORIGINAL SINCE 1851 and Design               1469566                        7/4/91
-------------------------------------------------------------------------------------------------------------------
                      SCREEN STARS                                   1284266                       10/7/86
-------------------------------------------------------------------------------------------------------------------
                      TUTTI FRUTTI                                   1280865                       10/2/86
-------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   44

                                    CTM MARKS

<TABLE>
<CAPTION>
PENDING APPLICATIONS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   APPLICATION NO.                 FILING DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                             <C>
                          FRUIT                                       745216                       1/27/98
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                 731737                       1/27/98
-------------------------------------------------------------------------------------------------------------------
  FRUIT OF THE LOOM THE ORIGINAL SINCE 1851 and Design                183384                        4/1/96
-------------------------------------------------------------------------------------------------------------------


REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            183608                        7/9/98
-------------------------------------------------------------------------------------------------------------------
                      SCREEN STARS                                    183517                        7/9/98
-------------------------------------------------------------------------------------------------------------------
                       Design Mark                                    183558                        7/9/98
-------------------------------------------------------------------------------------------------------------------
                          FRUIT                                       183491                        4/1/96
-------------------------------------------------------------------------------------------------------------------
                         LOFTEEZ                                      322545                       8/14/96
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                                   SPAIN MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                CUMBERLAND BAY and Design                           2193499 M                      4/20/99
-------------------------------------------------------------------------------------------------------------------
             FLOWERS IN THE MOON and Design                         2040195 M                       9/5/97
-------------------------------------------------------------------------------------------------------------------
                   FLOWERS IN THE MOON                              1941359 M                       9/5/95
-------------------------------------------------------------------------------------------------------------------
           LIFE, LIBERTY AND FRUIT OF THE LOOM                      1922802 M                       5/4/95
-------------------------------------------------------------------------------------------------------------------
  FRUIT OF THE LOOM THE ORIGINAL SINCE 1851 and Design              1915719 M                       3/3/95
-------------------------------------------------------------------------------------------------------------------
      LIFE LIBERTY AND FRUIT OF THE LOOM and Design                 1911467 M                      11/20/95
-------------------------------------------------------------------------------------------------------------------
      LIFE LIBERTY AND FRUIT OF THE LOOM and Design                 1911466 M                      10/5/95
-------------------------------------------------------------------------------------------------------------------
                      OFFICIAL FAN                                  1815450 M                      11/4/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                          1810918 M                      11/4/94
-------------------------------------------------------------------------------------------------------------------
              SCREEN STARS BEST and Design                          1801507 M                      10/20/94
-------------------------------------------------------------------------------------------------------------------
                 SCREEN STARS and Design                            1801506 M                      10/20/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                          1649379 M                      9/20/93
-------------------------------------------------------------------------------------------------------------------
                      SCREEN STARS                                  1113967 M                      5/20/86
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           950518 M                      10/5/81
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           920536 M                      5/20/80
-------------------------------------------------------------------------------------------------------------------
                  DISENO (Design Mark)                               569275 M                       9/4/68
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                569274 M                       9/4/68
-------------------------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>   45

                                  FRANCE MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
           LIFE LIBERTY AND FRUIT OF THE LOOM                       94 536331                      9/16/94
-------------------------------------------------------------------------------------------------------------------
  FRUIT OF THE LOOM THE ORIGINAL SINCE 1851 and Design              94 526390                      6/27/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                          94 524121                      6/10/94
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                               94 520679                      5/18/94
-------------------------------------------------------------------------------------------------------------------
      VIVRE ETRE LIBRE FRUIT OF THE LOOM and Design                 94 521120                      5/20/94
-------------------------------------------------------------------------------------------------------------------
                      OFFICIAL FAN                                  94 516150                      4/19/94
-------------------------------------------------------------------------------------------------------------------
          MARQUE FIGUARTIVE PURE (Design Mark)                       1682767                       7/25/91
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           1232596                       4/27/83
-------------------------------------------------------------------------------------------------------------------
                      SCREEN STARS                                   1208106                        7/2/82
-------------------------------------------------------------------------------------------------------------------
                      MADEMOISELLE                                   1178321                       1/30/92
-------------------------------------------------------------------------------------------------------------------
            EASY FRUIT OF THE LOOM and Design                        1160623                       1/23/81
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           1070535                        4/5/78
-------------------------------------------------------------------------------------------------------------------
          MARQUE FIGURATIVE PURE (Design Mark)                       1046645                        4/5/78
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                  BENELUX MARKS

<TABLE>
<CAPTION>
PENDING APPLICATIONS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   APPLICATION NO.                 FILING DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                             <C>
                     CUMBERLAND BAY                                   924672                       10/12/98
-------------------------------------------------------------------------------------------------------------------


REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            557224                       8/26/94
-------------------------------------------------------------------------------------------------------------------
  FRUIT OF THE LOOM THE ORIGINAL SINCE 1851 and Design                550890                       6/22/94
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                 550586                        6/9/94
-------------------------------------------------------------------------------------------------------------------
                       Design Mark                                    515744                       6/30/92
-------------------------------------------------------------------------------------------------------------------
          EASY BY FRUIT OF THE LOOM and Design                        394878                       10/28/83
-------------------------------------------------------------------------------------------------------------------
            EASY FRUIT OF THE LOOM and Design                         371620                       12/18/80
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            367737                        8/4/80
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            364261                        3/7/80
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            318919                       4/25/73
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            308329                       1/18/72
-------------------------------------------------------------------------------------------------------------------
                      SCREEN STARS                                    380565                       3/15/82
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            99401                        12/9/71
-------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   46



                                  DENMARK MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                CUMBERLAND BAY and Design                          VR 4429 1998                    12/17/98
-------------------------------------------------------------------------------------------------------------------
                FIGURMAERKE (Design Mark)                          VR 7785 1994                    11/11/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                         VR 7784 1994                    11/11/94
-------------------------------------------------------------------------------------------------------------------
  FRUIT OF THE LOOM THE ORIGINAL SINCE 1851 and Design             VR 6171 1994                     9/9/94
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                              VR 5634 1994                    8/19/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                         VR 731 1974                     3/15/74
-------------------------------------------------------------------------------------------------------------------
                      SCREEN STARS                                 VR 314 1983                     1/28/83
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                         VR 936 1981                      3/6/81
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                                SWITZERLAND MARKS

<TABLE>
<CAPTION>
PENDING APPLICATIONS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   APPLICATION NO.                 FILING DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                             <C>
                        ART WORKS                                      2636                        4/11/96
-------------------------------------------------------------------------------------------------------------------
                       Design Mark                                     5845                        8/26/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                             5844                        8/26/94
-------------------------------------------------------------------------------------------------------------------
  FRUIT OF THE LOOM THE ORIGINAL SINCE 1851 and Design                 4403                        6/28/94
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                  3221                        5/11/94
-------------------------------------------------------------------------------------------------------------------


REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
                CUMBERLAND BAY and Design                             459288                       10/14/98
-------------------------------------------------------------------------------------------------------------------
                        ART WORKS                                     440455                       4/11/96
-------------------------------------------------------------------------------------------------------------------
                       Design Mark                                    426086                       8/26/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            426085                       8/26/94
-------------------------------------------------------------------------------------------------------------------
  FRUIT OF THE LOOM THE ORIGINAL SINCE 1851 and Design                421749                       6/28/94
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                 421148                       5/11/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            313912                       8/19/80
-------------------------------------------------------------------------------------------------------------------
          EASY BY FRUIT OF THE LOOM and Design                        312129                       11/2/81
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            304308                       1/17/80
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                                  AUSTRIA MARKS
<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                CUMBERLAND BAY and Design                             179539                       12/14/98
-------------------------------------------------------------------------------------------------------------------
  FRUIT OF THE LOOM THE ORIGINAL SINCE 1851 and Design                155802                       12/16/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            155102                       10/31/94
-------------------------------------------------------------------------------------------------------------------
                       Design Mark                                    155101                       10/31/94
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                 153015                        6/9/94
-------------------------------------------------------------------------------------------------------------------
            EASY FRUIT OF THE LOOM and Design                         96494                        3/26/81
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            93791                        4/30/80
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            80396                         7/9/75
-------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   47


                                  GERMANY MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                CUMBERLAND BAY and Design                            39860298                      11/12/98
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           2096767                       5/17/95
-------------------------------------------------------------------------------------------------------------------
  FRUIT OF THE LOOM THE ORIGINAL SINCE 1851 and Design               2092012                       2/16/95
-------------------------------------------------------------------------------------------------------------------
                      SCREEN STARS                                    652433                        3/3/93
-------------------------------------------------------------------------------------------------------------------
           FRUIT OF THE LOOM LARGE and Design                        0889052                       12/23/71
-------------------------------------------------------------------------------------------------------------------
                   LOOMER S and Design                               1108699                       7/15/87
-------------------------------------------------------------------------------------------------------------------
                  LADY FRUIT and Design                              1108698                       7/15/87
-------------------------------------------------------------------------------------------------------------------
            REINES BILDZEICHEN (Design Mark)                         1108697                       7/15/87
-------------------------------------------------------------------------------------------------------------------
                        LOOMER S                                     1106798                       5/29/87
-------------------------------------------------------------------------------------------------------------------
                       MASTER LOOM                                   1116057                       12/29/87
-------------------------------------------------------------------------------------------------------------------
                      MASTER FRUIT                                   1116056                       12/29/87
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           1079650                       7/17/85
-------------------------------------------------------------------------------------------------------------------
            REINES BILDZEICHEN (Design Mark)                         1079649                       7/17/85
-------------------------------------------------------------------------------------------------------------------
                      SCREEN STARS                                   1038809                       9/24/82
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           1036070                       9/14/81
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           1030504                        3/9/82
-------------------------------------------------------------------------------------------------------------------
        GOOD MORNING FRUIT OF THE LOOM and Design                    1020030                        7/9/81
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            974820                        8/3/78
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            907573                       7/18/73
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           0903578                       3/21/73
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                   ITALY MARKS

<TABLE>
<CAPTION>
PENDING APPLICATIONS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   APPLICATION NO.                 FILING DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                             <C>
                        UNDEROOS                                  99 804 MILANO                    1/28/99
-------------------------------------------------------------------------------------------------------------------
                CUMBERLAND BAY and Design                         98 9935 MILANO                   10/14/98
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                        98 2769 MILANO                   3/19/98
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                       97 11632 MILANO                   12/22/97
-------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>   48


<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
           LIFE, LIBERTY AND FRUIT OF THE LOOM                        698959                       12/24/96
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            697536                       12/18/96
-------------------------------------------------------------------------------------------------------------------
  FRUIT OF THE LOOM THE ORIGINAL SINCE 1851 and Design                687482                       12/18/96
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            675483                       4/12/96
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            670175                        2/9/96
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            667029                       1/26/96
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            652762                        6/7/95
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            640255                       12/27/94
-------------------------------------------------------------------------------------------------------------------
          MARCHO PURO FIGURATIVO (Design Mark)                        585081                       12/11/92
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            585080                       12/11/92
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            558704                       1/29/92
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            487774                        2/8/88
-------------------------------------------------------------------------------------------------------------------
                    FRUTTI DEL TELAIO                                 399103                        2/3/86
-------------------------------------------------------------------------------------------------------------------
                         FRUTTI                                       399102                        2/3/86
-------------------------------------------------------------------------------------------------------------------
                    FIORI DEL TELAIO                                  399101                        2/3/86
-------------------------------------------------------------------------------------------------------------------
                      TUTTI FRUTTI                                    399100                        2/3/86
-------------------------------------------------------------------------------------------------------------------
          EASY BY FRUIT OF THE LOOM and Design                        394718                       1/27/86
-------------------------------------------------------------------------------------------------------------------
                EASY BY FRUIT OF THE LOOM                             387133                       1/10/86
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            358542                       6/26/85
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            357703                       6/26/85
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            311765                       9/15/78
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            296300                        6/9/76
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            280756                       4/11/74
-------------------------------------------------------------------------------------------------------------------
          MARCHIO PURO FIGURATIVO (Design Mark)                       260861                       6/19/72
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                 260857                       6/19/72
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            253171                        8/4/71
-------------------------------------------------------------------------------------------------------------------

</TABLE>


<PAGE>   49


                                  MONACO MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
                    FRUIT OF THE LOOM                                 15372                        5/11/94
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                             8282                         5/7/80
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                               LIECHTENSTEIN MARKS


<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
            REINES BILDZEICHEN (Design Mark)                           9169                         9/7/94
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                  9168                         9/7/94
-------------------------------------------------------------------------------------------------------------------
        FRUIT OF THE LOOM THE ORIGINAL SINCE 1851                      9093                        6/27/94
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                  9092                        6/27/94
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                          UNION UNDERWEAR COMPANY, INC.

                                  FRANCE MARKS


<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
                        UNDEROOS                                     1492399                       10/6/88
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                SWITZERLAND MARKS


<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
                        UNDEROOS                                      314548                       10/8/81
-------------------------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>   50



                                  GERMANY MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
              FRUIT OF THE LOOM and Design                           DD650640                      4/10/92
-------------------------------------------------------------------------------------------------------------------
            REINES BILDZEICHEN (Design Mark)                         DD649231                       2/5/92
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                DD649230                       2/5/92
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           DD649229                       2/5/92
-------------------------------------------------------------------------------------------------------------------
                           FOL                                       1179860                        8/5/91
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                           1174298                       3/27/91
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                1161416                       7/24/90
-------------------------------------------------------------------------------------------------------------------
                       LADY FRUIT                                    1141371                       6/16/89
-------------------------------------------------------------------------------------------------------------------
                   UNDEROOS and Design                               1027157                       12/28/81
-------------------------------------------------------------------------------------------------------------------
            REINES BILDZEICHEN (Design Mark)                          998426                       2/26/80
-------------------------------------------------------------------------------------------------------------------
              FRUIT OF THE LOOM and Design                            998425                       2/26/80
-------------------------------------------------------------------------------------------------------------------
                    FRUIT OF THE LOOM                                1003172                        6/9/80
-------------------------------------------------------------------------------------------------------------------
                        UNDEROOS                                      991640                       10/11/79
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                   ITALY MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                      SCREEN STARS                                    406297                       2/24/86
-------------------------------------------------------------------------------------------------------------------
                        UNDEROOS                                      365020                       8/26/85
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                             THE B.V.D. CORPORATION

                                   U.K. MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
                     BVD and Design                                  1497231                        4/7/92
-------------------------------------------------------------------------------------------------------------------
                         B.V.D.                                       924209                       4/26/68
-------------------------------------------------------------------------------------------------------------------
                     BVD and Design                                   435263                       3/25/23
-------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>   51



                                    CTM MARKS
<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>  <C>
                           BVD                                        183079                       6/25/98
-------------------------------------------------------------------------------------------------------------------
                     BVD and Design                                   183061                       6/25/98
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                   SPAIN MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                         B.V.D.                                      470471 M                      8/12/65
-------------------------------------------------------------------------------------------------------------------
                         B.V.D.                                      460686 M                      11/28/64
-------------------------------------------------------------------------------------------------------------------
                         B.V.D.                                      461461 M                      3/30/65
-------------------------------------------------------------------------------------------------------------------
    MADE FOR THE B.V.D. BEST RETAIL TRADE and Design                 19625 M                       12/7/11
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                  FRANCE MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
                     BVD and Design                                 93 484581                      9/22/93
-------------------------------------------------------------------------------------------------------------------
                     BVD and Design                                  1624287                       12/20/88
-------------------------------------------------------------------------------------------------------------------
                     BVD and Design                                  1251163                       11/16/83
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                  BENELUX MARKS


<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
                         B.V.D.                                        4296                         2/5/71
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                  DENMARK MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                           BVD                                     VR 2503 1956                    12/15/56
-------------------------------------------------------------------------------------------------------------------
            BVD BEST RETAIL TRADE and Design                        VR 98 1946                     1/26/46
-------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   52

                                SWITZERLAND MARKS

<TABLE>
<CAPTION>
PENDING APPLICATIONS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   APPLICATION NO.                 FILING DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                             <C>
  BVD LEGENDARY QUALITY SINCE 1876 BRADLEY VOORHEES DAY               10575                        9/21/93
                       and Design
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                  GERMANY MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                     BVD and Design                                  2065539                       5/24/94
-------------------------------------------------------------------------------------------------------------------
      BVD MADE FOR THE BEST RETAIL TRADE and Design                  0439486                       11/14/31
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                             GITANO FASHIONS LIMITED

                                    CTM MARKS
<TABLE>
<CAPTION>
PENDING APPLICATIONS

-------------------------------------------------------------------------------------------------------------------
                          MARK                          APPLICATION NO.                 FILING DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                     <C>                             <C>
                GITANO                                       178061                        4/1/96
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                  FRANCE MARKS
<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
                         GITANO                                      1583820                       3/28/90
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                                  BENELUX MARKS
<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
                       GITANO USA                                     478904                       5/18/90
-------------------------------------------------------------------------------------------------------------------
                       GITANO USA                                     369903                       11/25/80
-------------------------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>   53

                                  DENMARK MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                    GITANO and Design                              VR 1415 1992                    3/13/92
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                                 AUSTRIA MARKS
<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                    GITANO and Design                                 155093                       10/31/94
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                  GERMANY MARKS
<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                    GITANO and Design                                39827902                      7/16/98
-------------------------------------------------------------------------------------------------------------------
                         GITANO                                      2096500                       5/16/95
-------------------------------------------------------------------------------------------------------------------
                         GITANO                                       652734                       4/19/93
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                PRO PLAYER, INC.

                                   U.K. MARKS
<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
          PRO PLAYER BY DANIEL YOUNG and Design                      1463404                       4/29/91
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                    CTM MARKS

<TABLE>
<CAPTION>
PENDING APPLICATION

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   APPLICATION NO.               APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <S>                           <C>
                       PRO PLAYER                                     181347                        4/1/96
-------------------------------------------------------------------------------------------------------------------

</TABLE>
<PAGE>   54



                                  FRANCE MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
                  PRO PLAYER and Design                              1683638                       7/29/91
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                             SALEM SPORTSWEAR, INC.

                                    CTM MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.             REGISTRATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                          <C>
                 OFFICIAL FAN and Design                              178103                        7/9/98
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                  FRANCE MARKS


<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                          MARK                                   REGISTRATION NO.              APPLICATION DATE
-------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>                           <C>
               SALEM SPORTSWEAR and Design                           1638301                       1/11/91
-------------------------------------------------------------------------------------------------------------------
</TABLE>

                                  GERMANY MARKS

<TABLE>
<CAPTION>
REGISTERED MARKS

-------------------------------------------------------------------------------------------------------------------
                         MARK                                   REGISTRATION NO.             REGISTRATION DATE
--------------------------------------------------------------------------------------------------------------------
<S>                                                             <C>                          <C>
              SALEM SPORTSWEAR and Design                           2043876                        9/2/93
--------------------------------------------------------------------------------------------------------------------
</TABLE>



<PAGE>   55


                          UNION UNDERWEAR COMPANY, INC.

                                 FOREIGN PATENTS

<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------------------------
       PATENT NO.               ISSUE DATE                                      TITLE
-------------------------------------------------------------------------------------------------------------------
<S>                             <C>              <C>
      WIPO 9717485               5/15/97         Circular knitting machine with replaceable knitting head
-------------------------------------------------------------------------------------------------------------------
</TABLE>


                           JET SEW TECHNOLOGIES, INC.

                                 FOREIGN PATENTS

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
       PATENT NO.               ISSUE DATE                                      TITLE
-------------------------------------------------------------------------------------------------------------------
<S>                             <C>              <C>
     Canada 2095705              9/26/94         Pocket setting for flat and tubular garments
-------------------------------------------------------------------------------------------------------------------
      Italy 1265078              10/30/96        Pocket setting for flat and tubular garments
-------------------------------------------------------------------------------------------------------------------
</TABLE>





<PAGE>   56


                                  SCHEDULE 4(a)

              CHIEF EXECUTIVE OFFICES/PRINCIPAL PLACES OF BUSINESS

<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------------------------
    NO.                TRANSACTION PARTY                                          LOCATIONS
-------------------------------------------------------------------------------------------------------------------
<S>           <C>                                                 <C>
     1.       Fruit of the Loom, Inc.                             a.  233 S. Wacker Drive, Chicago, IL  60606
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
-------------------------------------------------------------------------------------------------------------------
     2.       Union Underwear Company, Inc.                       a.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  b.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     3.       Aliceville Cotton Mill, Inc.                        a.  315 Alabama Street, Aliceville, AL  35442
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     4.       The B.V.D. Licensing Corporation                    a.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  b.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     5.       DeKalb Knitting Corporation                         a.  3398 Winn Avenue, Fort Payne, AL  35967
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     6.       Fayette Cotton Mill, Inc.                           a.  807 8th Street, S.E., Fayette, AL  35555
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     7.       FOL Caribbean Corporation                           a.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  b.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     8.       Fruit of the Loom Arkansas, Inc.                    a.  1425 Crompton, Osceola, AR  72370
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   57

<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------------------------
    NO.                TRANSACTION PARTY                                          LOCATIONS
-------------------------------------------------------------------------------------------------------------------
<S>           <C>                                                 <C>
     9.       Fruit of the Loom, Caribbean, Inc.                  a.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  b.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     10.      Fruit of the Loom, Inc. (New York)                  a.  350 5th Avenue, Suite 640D,
                                                                           New York, NY  10018
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     11.      Fruit of the Loom Trading Company                   a.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  b.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     12.      FTL Regional Sales Co., Inc.                        a.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  b.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     13.      FTL Sales Company, Inc.                             a.  350 5th Avenue, Suite 640D
                                                                           New York, NY  10018
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     14.      Fruit of the Loom Texas, Inc.                       a.  5810 East Harrison, Harlingen, TX  78551
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     15.      Gitano Fashions Limited                             a.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  b.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     16.      Greenville Manufacturing, Inc.                      a.  1 Vlasic Drive, Greenville, MS  38701
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>   58
<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------------------------
    NO.                TRANSACTION PARTY                                          LOCATIONS
-------------------------------------------------------------------------------------------------------------------
<S>           <C>                                                 <C>
     17.      Jet Sew Technologies, Inc.                          a.  8119 State Route 12 North
                                                                           Barneveld, NY  13304
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     18.      Leesburg Yarn Mills, Inc.                           a.  Highway 68 West, Leesburg, AL  35983
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     19.      Martin Mills, Inc.                                  a.  Highway 31 North, St. Martinville, LA  70582
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     20.      Pro Player, Inc.                                    a.  530 Secaucus Road, Secaucus, NJ  07094
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
                                                                  or
                                                                  d.  15 Hudson Park Drive, Hudson, NH  03051
-------------------------------------------------------------------------------------------------------------------
     21.      Rabun Apparel, Inc.                                 a.  Route 1, Box 1, Kelly Creek Road
                                                                           Rabun Gap, GA  30568
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     22.      Russell Hosiery Mills, Inc.                         a.  Highway 220, Russell Drive, Star, NC  27356
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     23.      Salem Sportswear Corporation                        a  15 Hudson Park Drive, Hudson, NH  03051
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   59
<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------------------------
    NO.                TRANSACTION PARTY                                          LOCATIONS
-------------------------------------------------------------------------------------------------------------------
<S>           <C>                                                 <C>                                <C>
     24.      Salem Sportswear, Inc.                              a.  15 Hudson Park, Drive, Hudson, NH  03051
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     25.      Sherman Warehouse Corporation                       a.  6th Avenue, Sherman, MS  38869
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     26.      Union Sales, Inc.                                   a.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  b.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     27.      Union Yarn Mills, Inc.                              a.  First Street, Jacksonville, AL  36265
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     28.      Whitmire Manufacturing, Inc.                        a.  Hwy. 176/121, Whitmire, SC  29178
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     29.      Winfield Cotton Mill, Inc.                          a.  Second Street South, Winfield, AL  35594
                                                                  or
                                                                  b.  One Fruit of the Loom Drive
                                                                           Bowling Green, KY  42101-9015
                                                                  or
                                                                  c.  233 S. Wacker Drive, Chicago, IL  60606
-------------------------------------------------------------------------------------------------------------------
     30.      Fruit of the Loom, Ltd.                             a.       P.O. Box 31311 SMB
                                                                           Safehaven Corporate Center
                                                                           Grand Cayman, Cayman Islands
                                                                           British West Indies
-------------------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>   60



                                  SCHEDULE 4(b)

                             LOCATIONS OF COLLATERAL

1.       233 S. Wacker Drive, Chicago, IL  60606
2.       One Fruit of the Loom Drive
         Bowling Green, KY  42101-9015
3.       315 Alabama Street, Aliceville, AL  35442
4.       3398 Winn Avenue, Fort Payne, AL  35967
5.       807 8th Street, S.E., Fayette, AL  35555
6.       Highway 68 West, Leesburg, AL  35983
7.       Second Street South, Winfield, AL  35594
8.       First Street, Jacksonville, AL  36265
9.       1425 Crompton, Osceola, AR  72370
10.      350 5th Avenue, Suite 640D,
         New York, NY  10018
11.      8119 State Route 12 North
         Barneveld, NY  13304
12.      5810 East Harrison, Harlingen, TX  78551
13.      1 Vlasic Drive, Greenville, MS  38701
14.      6th Avenue, Sherman, MS  38869
15.      Highway 31 North, St. Martinville, LA  70582
16.      530 Secaucus Road, Secaucus, NJ  07094
17.      Route 1, Box 1, Kelly Creek Road
         Rabun Gap, GA  30568
18.      Highway 220, Russell Drive, Star, NC  27356
19.      15 Hudson Park Drive, Hudson, NH  03051
20.      Hwy. 176/121, Whitmire, SC  29178
21.      Safehaven Corporate Center
         Grand Cayman, Cayman Islands
         British West Indies


<PAGE>   61


                                  SCHEDULE 4(c)

        MERGERS, CONSOLIDATIONS, CHANGE IN STRUCTURE OR USE OF TRADENAMES



There have been no mergers, consolidations, changes in corporate structure or
uses of tradenames in the past four months, other than:

1.   On March 4, 1999, Fruit of the Loom, Inc. effected a corporate
reorganization pursuant to which Fruit of the Loom, Ltd., a Cayman Islands
company, became the parent holding company of Fruit of the Loom, Inc.


<PAGE>   62


                                  SCHEDULE 5(l)

                                    INSURANCE

ALL COVERAGES PROVIDED UNDER:       POLICY #:          RIY600831
                                    CARRIER:           ROYAL & SUNALLIANCE
                                                       (ROYAL INDEMNITY CO.)
                                    TOTAL INSURANCE:   $3,500,000,000
                                    EXPIRATION DATE:   11/01/99

* COVERAGE LIMITS ARE PER OCCURRENCE UNLESS OTHERWISE INDICATED


<TABLE>
<CAPTION>
                           TYPE OF COVERAGE                                                AMOUNT
                           ----------------                                                ------
<S>                                                                      <C>
Accounts Receivable                                                      $                            25,000,000.00
Claims Preparation Expense                                                                               250,000.00
Coinsurance Deficiency                                                                                10,000,000.00
Contingent Time Element (Gross Earnings/Extra Expense)                                                10,000,000.00
(sublimit for Extra Expense coverage)                                                                  3,000,000.00
Damaged Merchandise                                                                                   30,000,000.00
Debris Removal                                                                                           greater of
                                                                              (a) 25% of (amount of direct physical
                                                                            damage + business interruption expense)
                                                                                                                and
                                                                                                 (b) $10,000,000.00
Difference in Conditions/Limits of Other Policies                                                     10,000,000.00
Earthquake (All Locations)                                                                           100,000,000.00
         sublimit for Mexico (> 10 miles from Texas)                                                  20,000,000.00
         sublimit for Mexico (Aquascalientes, Cuautitlan,
               Mexico City and Alta Mira)                                                             10,000,000.00
         sublimit for Honduras                                                                        50,000,000.00
         sublimit for Osceola, AR location                                                            50,000,000.00
         sublimit for Jamaica                                                                         50,000,000.00
         sublimit for Puerto Rico                                                                     50,000,000.00
         * no earthquake coverage in California or Japan
         * earthquake coverages are annual aggregates
Exhibition, Exposition Fair or Trade Show                                                              1,000,000.00
Expediting Expense/Extra Expense                                                                      25,000,000.00
Fine Arts                                                                                              5,000,000.00
Flood (All Locations)                                                                                100,000,000.00
* flood coverage is annual aggregate
Increased Tax Liability                                                                               10,000,000.00
Ingress/Egress                                                                                        25,000,000.00
Leasehold Interest                                                                                    10,000,000.00
Miscellaneous Unnamed Locations                                                                       25,000,000.00
* total coverage
Newly Acquired Property                                                                               20,000,000.00
</TABLE>

<PAGE>   63

<TABLE>
<S>                                                                                                   <C>
* coverage is per location
Pollution Cleanup and Removal (land or water)                                                          1,000,000.00
* annual aggregate for all locations
Precious Metals                                                                                        5,000,000.00
Property Sold Under Conditional Sale                                                                   5,000,000.00
Rents                                                                                                 10,000,000.00
Royalties                                                                                             25,000,000.00
Service Interruption -- Combined Property Damage and
         Time Element                                                                                 25,000,000.00
         -- Service Interruption at Miscellaneous Unnamed
               Locations or Newly Acquired Property                                                   10,000,000.00
Temporary Removal From Premises                                                                        1,000,000.00
Tenants' and Neighbors' Liability                                                                     10,000,000.00
Transit                                                                                                5,000,000.00
Valuable Papers and Records + Media/Data Replacement                                                  25,000,000.00
         sublimit for Media/Data Replacement                                                           5,000,000.00

</TABLE>



<PAGE>   64


                                SCHEDULE 5(f)(i)

                                     NOTICE

                                       OF

                           GRANT OF SECURITY INTEREST

                                       IN

                                   COPYRIGHTS


United States Copyright Office


         Please be advised that pursuant to the Security Agreement dated as of
March 10, 1999 (as the same may be amended, modified, extended or restated from
time to time, the "Security Agreement") by and among the Obligors party thereto
(each an "Obligor" and collectively, the "Obligors") and NationsBank, N.A., as
Collateral Agent (the "Collateral Agent") for the Secured Parties referenced
therein (the "Secured Parties"), the undersigned Obligor has granted a
continuing security interest in and continuing lien upon, the copyrights and
copyright applications shown below to the Collateral Agent for the ratable
benefit of the Secured Parties:


<TABLE>
<CAPTION>
                                   COPYRIGHTS
                                   ----------

                                                                                 Date of
         Copyright No.                      Description of Copyright            Copyright
         -------------                      ------------------------            ---------
<S>                                         <C>                                 <C>




                             Copyright Applications
                             ----------------------

            Copyright                   Description of Copyright            Date of Copyright
         Applications No.                    Applied For                      Applications
         ----------------                -----------------------            -----------------
</TABLE>




<PAGE>   65


         The Obligors and the Collateral Agent, on behalf of the Secured
Parties, hereby acknowledge and agree that the security interest in the
foregoing copyrights and copyright applications (i) may only be terminated in
accordance with the terms of the Security Agreement and (ii) is not to be
construed as an assignment of any copyright or copyright application.

                                         Very truly yours,

                                         ---------------------------------------
                                         [Obligor]



                                         By:
                                            ------------------------------------
                                         Name:
                                              ----------------------------------
                                         Title:
                                               ---------------------------------

Acknowledged and Accepted:

NATIONSBANK, N.A.,
as Collateral Agent

By:
   ------------------------------------
Name:
     ----------------------------------
Title:
      ---------------------------------


<PAGE>   66


                                SCHEDULE 5(f)(ii)

                                     NOTICE

                                       OF

                           GRANT OF SECURITY INTEREST

                                       IN

                                     PATENTS


United States Patent and Trademark Office


         Please be advised that pursuant to the Security Agreement dated as of
March 10, 1999 (as the same may be amended, modified, extended or restated from
time to time, the "Security Agreement") by and among the Obligors party thereto
(each an "Obligor" and collectively, the "Obligors") and NationsBank, N.A., as
Collateral Agent (the "Collateral Agent") for the Secured Parties referenced
therein (the "Secured Parties"), the undersigned Obligor has granted a
continuing security interest in and continuing lien upon, the patents and patent
applications shown below to the Collateral Agent for the ratable benefit of the
Secured Parties:


<TABLE>
<CAPTION>
                                    PATENTS
                                    -------

                                            Description of Patent                       Date of
         Patent No.                                 Item                                Patent
         ----------                         ---------------------                       -------
<S>                                         <C>                                         <C>




                               Patent Applications
                               -------------------

             Patent                                                             Date of Patent
         Applications No.                                                        Applications
         ----------------                                                       --------------
</TABLE>



<PAGE>   67


         The Obligors and the Collateral Agent, on behalf of the Secured
Parties, hereby acknowledge and agree that the security interest in the
foregoing patents and patent applications (i) may only be terminated in
accordance with the terms of the Security Agreement and (ii) is not to be
construed as an assignment of any patent or patent application.

                                         Very truly yours,

                                         ---------------------------------------
                                         [Obligor]

                                         By:
                                            ------------------------------------
                                         Name:
                                              ----------------------------------
                                         Title:
                                               ---------------------------------


Acknowledged and Accepted:

NATIONSBANK, N.A.,
as Collateral Agent

By:
   ------------------------------------
Name:
     ----------------------------------
Title:
      ---------------------------------




<PAGE>   68


                               SCHEDULE 5(f)(iii)

                                     NOTICE

                                       OF

                           GRANT OF SECURITY INTEREST

                                       IN

                                   TRADEMARKS


United States Patent and Trademark Office


         Please be advised that pursuant to the Security Agreement dated as of
March 10, 1999 (as the same may be amended, modified, extended or restated from
time to time, the "Security Agreement") by and among the Obligors party thereto
(each an "Obligor" and collectively, the "Obligors") and NationsBank, N.A., as
Collateral Agent (the "Collateral Agent") for the Secured Parties referenced
therein (the "Secured Parties"), the undersigned Obligor has granted a
continuing security interest in and continuing lien upon, the trademarks and
trademark applications shown below to the Collateral Agent for the ratable
benefit of the Secured Parties:


<TABLE>
<CAPTION>
                                   TRADEMARKS
                                   ----------

                                            Description of Trademark                   Date of
         Trademark Registration No.                  Item                             Trademark
         --------------------------         ------------------------                  ---------
<S>                                         <C>                                       <C>





                             Trademark Applications
                             ----------------------

            Trademark                       Description of Trademark            Date of Trademark
         Applications No.                        Applied For                       Applications
         ----------------                   ------------------------            -----------------
</TABLE>



<PAGE>   69


         The Obligors and the Collateral Agent, on behalf of the Secured
Parties, hereby acknowledge and agree that the security interest in the
foregoing trademarks and trademark applications (i) may only be terminated in
accordance with the terms of the Security Agreement and (ii) is not to be
construed as an assignment of any trademark or trademark application.

                                         Very truly yours,

                                         ---------------------------------------
                                         [Obligor]

                                         By:
                                           -------------------------------------
                                         Name:
                                              ----------------------------------
                                         Title:
                                               ---------------------------------

Acknowledged and Accepted:

NATIONSBANK, N.A.,
as Collateral Agent

By:
   ------------------------------------
Name:
     ----------------------------------
Title:
      ---------------------------------