Document:

Exhibit 10.22  

March 31,
2001 

Mr. Gary
Anderson

1604 Foothills Drive, South

Golden, CO 80401 

RE: SEPARATION AGREEMENT

Dear
Gary: 

It
is acknowledged that your employment with Storage Technology Corporation ("StorageTek" or the "Company") as Corporate Vice President, Worldwide Operations Technology terminates effective
March 31, 2001 ("Termination Date"). This letter confirms the terms of your severance under this Separation Agreement (the "Separation Agreement") as set forth and agreed upon in your Retention
Agreement dated January 18, 2000 (the "Retention Agreement"). This Separation Agreement and your Retention Agreement supersede all previous oral and written agreements regarding your employment
with StorageTek, provided, however, that the terms and conditions of your Executive Employment Agreement dated September 30, 1999 (the "Employment Agreement"), to the degree that they do not
conflict with the terms and conditions of this Separation Agreement and your Retention Agreement, shall remain in full force and effect. In the event of a conflict of terms and/or conditions between
your Retention Agreement and this Separation Agreement, the latter shall control. 

	1.
	SEPARATION BENEFITS: The Company will pay, within 30 days of the Termination Date, a separation payment equal to the amounts set
forth in your Retention Agreement, which amount is equal to $697,500.00 or (i) one and one-half year's base salary ($450,000.00), and (ii) one and one-half year's
target MBO bonus for 2001 ($247,500.00). 

Additionally
as stated in your Retention Agreement, you understand and agree that all of your outstanding unvested stock options will vest on the Termination Date (according to the terms of your
Stock Option Agreements and the Company's 1995 Stock Option Plan). Pursuant to the terms of StorageTek's Stock Option Plan, you will have ninety (90) days from the Termination Date to exercise
these options. On the Termination Date, the Company's right of repurchase of any of your previously granted restricted stock will be void 

	2.
	NON-SOLICITATION: Per the terms of your Retention Agreement, you confirm that during the two-year period
commencing with the Termination Date, you will not, directly, or indirectly, hire, solicit, or encourage any then-current Company employees to apply for employment with any person or
entity (a) with which you are (or intend to be) employed, (b) by whom you or an entity in which you are employed or have a financial interest is engaged as a consultant, recruiter,
independent contractor or otherwise, or (c) in which you further covenant and agree that you will not provide to any other person or entity the names of any person who is then employed by the
Company.

	3.
	NON-COMPETE: Per the terms of your Retention Agreement, you confirm that for a period of eighteen months from the
Termination Date that you will not, either directly or indirectly, engage in any activity in competition with any product or service of the Company (said competitive activities to be determined and
identified at the reasonable discretion of the Company), or harmful or contrary to the best interest of the Company, including accepting employment with or serving as a consultant to any entity that
is in competition with the Company. You further acknowledge and agree by way of this Separation Agreement that competitor companies include, Advanced Digital Information Corporation, ATL/Quantum, EMC,
Exabyte, Hewlett-Packard, IBM, Managed Storage International, Storage Networks Inc, and Sun Microsystems.

	4.
	PRESERVATION OF TRADE SECRETS AND CONFIDENTIAL INFORMATION: You reaffirm and agree to observe and abide by the terms of the StorageTek
Proprietary Rights 

Agreement
you signed and that said Proprietary Rights Agreement survives this Agreement, specifically including the provisions therein regarding
nondisclosure of the Company's trade secrets and confidential and proprietary information related to inventions, and strategic planning, customers, financial projections, revenue projections,
financing, staffing, operation and accounting information related to the Company's business. 

	5.
	COMPANY RELEASE: The Company hereby irrevocably and unconditionally releases and discharges you and your heirs, successors, and assigns
(separately and collectively, "releasees"), jointly and individually, from any and all claims, known or unknown, which it, its past and present subsidiaries, divisions, officers, directors, agents,
employees, successors, and assigns have or may have against releasees and any and all liability which releasees may have to it, whether denominated claims, demands, causes of action, obligations,
damages or liabilities arising from any and all bases, however denominated, provided, however, that this release does not affect any claims which are based on releasees' willful acts, gross negligence
or dishonesty in the performance of duties as an employee of the Company, nor any claims which may arise after the execution of this Agreement. The Company further agrees that it will not file or
permit to be filed on its behalf any claim against you which is released hereby.

	6.
	NO FUTURE LAWSUITS: You represent that you do not currently intend to bring any claims on behalf of yourself or on behalf of any other
person or entity against the Company or any other person or entity referred to herein.

	7.
	NON-DISCLOSURE: Unless otherwise required to do so by law, subpoena or court order, you will not in any way communicate or
discuss the terms of this Separation Agreement or the circumstances of its execution with any person, other than the your attorneys or authorized Company personnel, said personnel to be explicitly
designated by the Company's President and CEO. You understand that this nondisclosure provision applies particularly to current and former employees of the Company and the Company's customers, clients
and vendors.

	8.
	NO ADVERSE COMMENT: You agree that during your employment with the Company through the Termination Date and for at least one year
following the Termination Date, you will not, except as specifically required by law or court process or consented to in writing by the Company, (a) communicate to any person or entity any
adverse information, written or oral, concerning the Company, its officers, directors, employees, attorneys, agents or advisers (including any communication concerning information that relates to the
business, operations, prospects or affairs of the Company or any of its subsidiaries or affiliates) under the circumstances in which there is a reasonable possibility that such information might be
publicly reported or disclosed or otherwise made available to third parties (regardless of whether the communication of such information is intended to have or cause that result is within your
control), or (b) provide to any person (other than your attorney or accountant) or entity any information that concerns or relates to the negotiations or circumstances leading to the execution
of this Separation Agreement.

	9.
	NON-DISPARAGEMENT: You and the Company mutually agree that the terms of your termination of employment are amicable and
mutually acceptable and each party agrees with the other that neither shall malign, defame, blame, or otherwise disparage the other, either publicly or privately regarding the past or future business
or personal affairs of the Company or you, or any other officer, director or employee of the Company. 

This
Separation Agreement shall be deemed for purposes of the Older Workers Benefits Protection Act to have been delivered to you for your consideration on March 31, 2001. You have
twenty-one (21) days from that date to decide whether or not to accept this agreement. If you accept this agreement, you will then have seven days from the date you sign this
agreement and deliver an executed copy to the Company during seven day period you may revoke your acceptance by notifying the Company in writing of your desire to do so. No amounts otherwise due to
you under this Separation Agreement will be paid to you until the expiration of that seven day revocation period. 

Please
sign both copies of this letter below, and the attached Settlement and Release, indicating your acceptance, and return one copy for our files. 

	Accepted and Agreed:	 	Very truly yours,
	 	 	 
	 	 	STORAGE TECHNOLOGY CORP.
	 	 	 
	
GARY ANDERSON	 	
 Patrick J. Martin

Chairman, President and Chief Executive Officer
	 	 	 
	
 Date	 	
 Date

EXHIBIT A  

SETTLEMENT AND RELEASE  

	1.
	In
exchange for payment of salary (in the amount of $450,000.00) and bonus (in the amount of $247,500.00) to Gary Anderson ("Employee"), by Storage Technology Corporation ("Company"),
Employee hereby irrevocably and unconditionally releases and discharges the Company, its past and present subsidiaries, divisions, officers, directors, agents, employees, successors, and assigns
(separately and collectively, "releasees") jointly and individually, from any and all claims, known or unknown, which he, his heirs, successors or assigns have or may have against releasees and any
and all liability which releasees may have to his whether denominated claims, demands, causes of action, obligations, damages, or liabilities arising from any and all bases, however denominated,
including but not limited to, any claims of discrimination under the Age Discrimination in Employment Act ("ADEA"), the
Older Workers Benefit Protection Act, the Rehabilitation Act, the Family Medical Leave Act, the Americans with Disabilities Act, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991
or any federal or state civil rights act, claims for wrongful discharge, breach of contract, or for damages under any other federal, state or local law, rule or regulation, or common law under any
theory, as well as any claim for attorney's fees, costs or expenses under any of these or any other applicable statute, ordinance, regulation or law; provided, however, that this release does not
affect (1) any claims for benefits which have vested or shall vest on or before the effective date of this Settlement and Release ("Release") under any of the Company's benefit plans;
(2) any claims for indemnification for acts of Employee which have occurred or may occur as an officer or employee of the Company; or (3) any claims which may arise after the execution
of this Release. This release specifically excepts any claim Employee may wish to make for unemployment compensation, and the Company agrees not to contest any claim made by Employee for unemployment
compensation. This release is for any relief, no matter how denominated, including, but not limited to, back pay, front pay, compensatory damages, punitive damages, or damages for pain and suffering.
Employee further agrees that he will not file or permit to be filed on his behalf any such claim, will not permit himself to be a member of any class seeking relief against the releasees and will not
counsel or assist in the prosecution of claims against the releasees, whether those claims are on behalf of himself or others, unless he is under a court order to do so.

	2.
	Employee
agrees that by signing this Release, he is giving up the right to sue for age discrimination, and that under this Release Employee shall receive consideration to which he is
not otherwise entitled, and would not receive but for his release of rights under the ADEA. Employee has up to twenty-one (21) days after delivery of this Release to consider
whether to sign this Release. Employee agrees that, after he has signed and delivered this Release to the Company, this Release will not be effective or enforceable until the end of a seven
(7) day revocation period beginning the day after the Employee signs this Release, and that Employee will not receive the severance payment due under the Employment Agreement until this
seven-day period has expired. During this seven-day period, Employee may revoke this Release, without reason and in his sole judgment, but he may do so only by delivering a
written statement of revocation to the Company to the attention of General Counsel. If the Company does not receive a written statement of revocation from Employee by the end of the revocation period,
then this Release will become legally enforceable and Employee may not thereafter revoke this Release.

	3.
	Employee
agrees that this Release shall be governed by federal law and the internal laws of the State of Colorado, irrespective of the choice of law rules of any state. 

ACKNOWLEDGMENT:  

        Employee's signature below acknowledges that he has read this document fully, that he understands and agrees to its contents, that he understands that it is a
legally binding document, and 

that he has been advised to consult a lawyer of his choosing before signing this Release, and has had the opportunity to do so. 

	
 Date	 	
 GARY R. ANDERSON

This
Release presented to Employee on March 31, 2001.<Page>

                                                                   EXHIBIT 10.1

        FIFTH AMENDMENT AND AGREEMENT TO THE CREDIT AGREEMENT AND FIRST
                      AMENDMENT TO THE SECURITY AGREEMENT

                  FIFTH AMENDMENT AND AGREEMENT TO THE CREDIT AGREEMENT AND
FIRST AMENDMENT TO THE SECURITY AGREEMENT (this "Amendment"), dated as of
February 27, 2002, among CONSOLIDATED CONTAINER HOLDINGS LLC, a Delaware limited
liability company ("Holdings"), CONSOLIDATED CONTAINER COMPANY LLC, a Delaware
limited liability company (the "Borrower"), the Banks party to the Credit
Agreement referred to below (the "Banks"), BANKERS TRUST COMPANY, as
Administrative Agent (in such capacity, the "Administrative Agent") under the
Credit Agreement and as Collateral Agent (in such capacity, the "Collateral
Agent") under the Security Agreement, JPMORGAN CHASE BANK (successor by merger
to Morgan Guaranty Trust Company of New York), as Documentation Agent (the
"Documentation Agent"), and CREDIT SUISSE FIRST BOSTON (formerly known as
Donaldson, Lufkin & Jenrette Securities Corporation), as Syndication Agent (the
"Syndication Agent" and, together with the Administrative Agent and the
Documentation Agent, the "Agents"). Unless otherwise indicated, all capitalized
terms used herein and not otherwise defined shall have the respective meanings
provided such terms in the Credit Agreement referred to below.

                              W I T N E S S E T H :

                  WHEREAS, Holdings, the Borrower, the Banks and the Agents are
parties to a Credit Agreement, dated as of July 1, 1999 (as amended, restated,
modified and/or supplemented to but not including the date hereof, the "Credit
Agreement");

                  WHEREAS, the Borrower, each Guarantor, and the Collateral
Agent are parties to a Security Agreement, dated as of July 1, 1999 (as amended,
restated, modified and/or supplemented to but not including the date hereof, the
"Security Agreement"); and

                  WHEREAS, the parties hereto wish to amend, modify and
supplement the Credit Agreement and the Security Agreement as provided herein,
to, among other things, reduce the existing revolving credit facilities and
substitute a new revolving credit facility, in each case, on terms and
conditions set forth herein;

                  NOW, THEREFORE, it is agreed:

I.       AMENDMENTS AND AGREEMENT.

                  1. Effective as of the Fifth Amendment Effective Date (as
defined below) (i) the Total Revolving Loan Commitment shall be reduced from
$73,500,000 to $54,500,000, with the Revolving Loan Commitment (if any) of each
Bank to be reduced PRO RATA based on the amount such Bank's Revolving Loan
Commitment bears to the Total Revolving Loan Commitment and (ii) in substitution
for such reduction, the Tranche 3 Revolving Loan Facility (as defined after
giving effect to this Amendment) shall be added and shall consist of a Total

<Page>

Tranche 3 Revolving Loan Commitment (as defined after giving effect to this
Amendment) of $15,000,000 (as set forth in Annex I to the Credit Agreement (as
in effect after giving effect to this Amendment)), which Total Tranche 3
Revolving Loan Commitment may be increased by up to $4,000,000 in accordance
with Section 1.16 of the Credit Agreement (as in effect after giving effect to
this Amendment).

                  2. Section 1.01 of the Credit Agreement is hereby amended by
inserting at the end thereof the following new clause (h):

                  "(h) Subject to and upon the terms and conditions set forth
         herein, each Bank with a Tranche 3 Revolving Loan Commitment severally
         agrees, at any time and from time to time on and after the Fifth
         Amendment Effective Date and prior to the Tranche 3 Revolving Loan
         Maturity Date, to make a revolving loan or revolving loans (each, a
         "Tranche 3 Revolving Loan" and, collectively, the "Tranche 3 Revolving
         Loans") to the Borrower, which Tranche 3 Revolving Loans (i) shall be
         made and maintained in Dollars, (ii) shall, at the option of the
         Borrower, be incurred and maintained as and/or converted into Base Rate
         Loans or Eurodollar Loans, (iii) may be repaid and reborrowed in
         accordance with the provisions hereof, and (iv) shall not exceed for
         any Bank at any time outstanding that aggregate principal amount which
         equals the Tranche 3 Revolving Loan Commitment of such Bank at such
         time."

                  3. Section 1.03(a) of the Credit Agreement is hereby amended
by deleting clause (ii) thereof and inserting in lieu thereof the following new
clause (ii):

         "(ii)    whether the respective Borrowing shall consist of A Term
         Loans, B Term Loans, C Term Loans, Tranche 2 Converted Term Loans,
         Revolving Loans or Tranche 3 Revolving Loans,".

                  4.   Section 1.05(a) of the Credit Agreement is hereby amended
to read in its entirety as follows:

                  "(a) At the request of any Bank, the Borrower's obligation to
         pay the principal of, and interest on, the Loans made by such Bank to
         the Borrower shall be evidenced (i) if A Term Loans, by a promissory
         note duly executed and delivered by the Borrower substantially in the
         form of Exhibit B-1 with blanks appropriately completed in conformity
         herewith (each an "A Term Note" and, collectively, the "A Term Notes"),
         (ii) if B Term Loans, by a promissory note duly executed and delivered
         by the Borrower substantially in the form of Exhibit B-2 with blanks
         appropriately completed in conformity herewith (each a "B Term Note"
         and, collectively, the "B Term Notes"), (iii) if C Term Loans, by a
         promissory note duly executed and delivered by the Borrower
         substantially in the form of Exhibit B-3 with blanks appropriately
         completed in conformity herewith (each, a "C Term Note" and,
         collectively, the "C Term Notes"), (iv) if Revolving Loans, by a
         promissory note duly executed and delivered by the Borrower
         substantially in the form of Exhibit B-4 with blanks appropriately
         completed in conformity herewith (each, a "Revolving Note" and,
         collectively, the "Revolving Notes"), (v) if Swingline Loans, by a
         promissory note substantially in the form of Exhibit B-5, with blanks
         appropriately completed in conformity herewith (the "Swingline Note"),

                                       -2-
<Page>

         (vi) if Tranche 2 Converted Term Loans by a promissory note
         substantially in the form of Exhibit B-6, with blanks appropriately
         completed in conformity herewith (each, a "Tranche 2
         Revolving/Converted Term Note" and, collectively, the "Tranche 2
         Revolving/Converted Term Notes") and (vii) if Tranche 3 Revolving
         Loans, by a promissory note substantially in the form of Exhibit B-7
         with blanks appropriately completed in conformity herewith (each a
         "Tranche 3 Revolving Note" and, collectively, the "Tranche 3 Revolving
         Notes")."

                  5.   Section 1.05 of the Credit Agreement is hereby further
amended by (i) redesignating clauses (g) and (h) thereof as clauses (h) and (i),
respectively, and (ii) inserting the following new clause (g) immediately
following clause (f) thereof:

                  "(g) The Tranche 3 Revolving Note issued to any Bank that has
         a Tranche 3 Revolving Loan Commitment shall (i) be executed by the
         Borrower, (ii) be payable to the order of such Bank and be dated the
         date of issuance, (iii) be in a stated principal amount equal to the
         Tranche 3 Revolving Loan Commitment of such Bank, (iv) mature on the
         Tranche 3 Revolving Loan Maturity Date, (v) bear interest as provided
         in the appropriate clause of Section 1.08 in respect of the Base Rate
         Loans and Eurodollar Loans, as the case may be, evidenced thereby, (vi)
         be subject to voluntary prepayment as provided in Section 4.01 and
         mandatory repayment as provided in Section 4.02 and (vii) be entitled
         to the benefits of this Agreement and each Tranche 3 Guaranty and be
         secured by the Security Documents."

                  6.   Section 1.07 of the Credit Agreement is hereby amended
to read in its entirety as follows:

                  "1.07 PRO RATA BORROWINGS. All Borrowings of Term Loans under
         this Agreement shall be incurred by the Borrower from the Banks PRO
         RATA on the basis of their A Term Loan Commitments (and after the
         termination thereof, A Term Loans), B Term Loan Commitment (and after
         the termination thereof, B Term Loans) and C Term Loan Commitment (and
         after the termination thereof, C Term Loans). All Borrowings of
         Revolving Loans under this Agreement shall be incurred by the Borrower
         from the Banks PRO RATA on the basis of their Revolving Loan
         Commitments, as the case may be, PROVIDED that all Borrowings of
         Revolving Loans made pursuant to a Mandatory Borrowing shall be
         incurred from the RC Banks PRO RATA on the basis on their Revolving
         Percentages. All Tranche 2 Revolving Loans shall be converted into
         Tranche 2 Converted Term Loans on the Tranche 2 Conversion Date PRO
         RATA on the basis of each Bank's Tranche 2 Revolving Loan Commitment
         and, following the Tranche 2 Conversion Date, all Borrowings of Tranche
         2 Converted Term Loans shall be incurred by the Borrower from the Banks
         PRO RATA on the basis of their Tranche 2 Converted Term Loans. All
         Borrowings of Tranche 3 Revolving Loans under this Agreement shall be
         incurred by the Borrower from the Banks PRO RATA on the basis of their
         Tranche 3 Revolving Loan Commitments. It is understood that no Bank
         shall be responsible for any default by any other Bank of its
         obligation to make Loans hereunder and that each Bank shall be
         obligated to make the Loans to be made by it hereunder, regardless of
         the failure of any other Bank to fulfill its commitments hereunder."

                                       -3-
<Page>

                  7. Section 1 of the Credit Agreement is hereby further amended
by inserting the following new Section 1.16 at the end thereof:

                  "1.16 ADDITIONAL TRANCHE 3 REVOLVING LOAN COMMITMENT. Upon
         five Business Days written notice (such notice, the "Tranche 3 Increase
         Notice") to the Administrative Agent and BTCo (and so long as the
         Tranche 3 Guaranty Payment Request Date has not yet occurred), the
         Borrower shall have the right on any one Business Day on or before the
         date which is 15 days prior to the Tranche 3 Revolving Loan Maturity
         Date to effect a one-time increase to the Total Tranche 3 Revolving
         Loan Commitment (the date of such increase, the "Tranche 3 Increase
         Date") in an aggregate amount of up to $4,000,000 (such amount, the
         "Additional Tranche 3 Revolving Loan Commitment Amount"). On the
         Tranche 3 Increase Date (i) the Tranche 3 Revolving Loan Commitment of
         BTCo shall automatically increase by the Additional Tranche 3 Revolving
         Loan Commitment Amount and (ii) the Borrower shall, in coordination
         with the Administrative Agent, repay all outstanding Tranche 3
         Revolving Loans of each Bank with a Tranche 3 Revolving Loan
         Commitment, and incur additional Tranche 3 Revolving Loans from other
         Banks with Tranche 3 Revolving Loan Commitments, in each case, so that
         each Bank with a Tranche 3 Revolving Loan Commitment participates in
         each Borrowing of Tranche 3 Revolving Loans PRO RATA on the basis of
         their respective Tranche 3 Revolving Loan Commitments (after giving
         effect to such increase pursuant to this Section 1.16) (it being
         understood that the Borrower shall be obligated to pay to the Banks
         with Tranche 3 Revolving Loan Commitments the costs of the type
         referred to in Section 1.11 in connection with any such repayment
         and/or Borrowing, provided that such reallocation of Tranche 3
         Revolving Loan Commitments shall be done with a view to minimizing such
         costs to the Borrower). The Administrative Agent shall promptly notify
         each Bank upon receipt of the Tranche 3 Increase Notice. On the Tranche
         3 Increase Date, the Total Tranche 3 Revolving Loan Commitment under,
         and for all purposes of, this Agreement shall be increased by the
         aggregate amount of such Additional Tranche 3 Revolving Loan Commitment
         Amount and Schedule I shall be deemed modified to reflect the revised
         Tranche 3 Revolving Loan Commitments of the affected Banks. Upon
         surrender of any old Tranche 3 Revolving Notes by a Bank with a Tranche
         3 Revolving Loan Commitment (or, if lost, a standard lost note
         indemnity in form and substance reasonably satisfactory to the
         Borrower), to the extent requested by such Bank, a new Tranche 3
         Revolving Note will be issued, at the Borrower's expense, to such Bank,
         which shall conform to the requirements of Section 1.05 (with
         appropriate modifications to the extent needed to reflect the revised
         Tranche 3 Revolving Loan Commitment of such Bank)."

                  8. Section 3.01 of the Credit Agreement is hereby amended by
deleting clause (f) thereof and inserting the following new clause (f) in lieu
thereof:

                  "(f) The Borrower agrees to pay to each Bank with a Tranche 3
         Revolving Loan Commitment a commitment fee (the "Tranche 3 Revolving
         Loan Commitment Fee") for the period from and including the Fifth
         Amendment Effective Date to, but not including, the Tranche 3 Revolving
         Loan Maturity Date, computed at a rate equal to 0.50% on the average
         daily Unutilized Tranche 3 Revolving Loan Commitment of such Bank.
         Accrued Tranche 3 Revolving Loan Commitment Fees shall be due and
         payable quarterly

                                       -4-
<Page>

         in arrears on each Quarterly Payment Date and on the Tranche 3
         Revolving Loan Maturity Date.

                  9.   Section 3.02(b) of the Credit Agreement is hereby amended
to read in its entirety as follows:

                  "(b) Upon at least two Business Days' prior written notice to
         the Administrative Agent at its Notice Office (which notice the
         Administrative Agent shall promptly transmit to each of the Banks), the
         Borrower shall have the right, at any time or from time to time,
         without premium or penalty, to permanently reduce the Total Unutilized
         Tranche 3 Revolving Loan Commitment, in whole or in part, in integral
         multiples of $1,000,000 in the case of partial reductions to the Total
         Unutilized Tranche 3 Revolving Loan Commitment, PROVIDED that each such
         reduction shall apply proportionately to permanently reduce the Tranche
         3 Revolving Loan Commitment of each Bank with a Tranche 3 Revolving
         Loan Commitment."

                  10.  Section 3.03 of the Credit Agreement is hereby amended by
deleting clauses (e), (f) and (g) thereof and by inserting in lieu thereof the
following new clauses (e), (f), (g), (h), (i) and (j):

                  "(e) The Total Tranche 3 Revolving Loan Commitment (and the
         Tranche 3 Revolving Loan Commitment of each Bank) shall terminate in
         its entirety on the Tranche 3 Revolving Loan Maturity Date.

                  (f)  On each date after the Fifth Amendment Effective Date
         upon which a mandatory repayment of Term Loans or Tranche 2 Converted
         Term Loans pursuant to any of Sections 4.02(f) through (j), inclusive,
         is required and exceeds in amount the aggregate principal amount of
         Term Loans or Tranche 2 Converted Term Loans then outstanding (or would
         be required if such Term Loans or Tranche 2 Converted Term Loans were
         then outstanding), the Total Revolving Loan Commitment shall be
         permanently reduced by the amount, if any, by which the amount required
         to be applied pursuant to said Sections (determined as if an unlimited
         amount of Term Loans and/or Tranche 2 Converted Term Loans were
         actually outstanding) exceeds the aggregate principal amount of such
         Term Loans or Tranche 2 Converted Term Loans then outstanding.

                  (g)  On each date after the Fifth Amendment Effective Date
         upon which a mandatory reduction of the Total Revolving Loan Commitment
         pursuant to Section 3.03(f) is required and exceeds in amount the Total
         Revolving Loan Commitment, the Total Tranche 3 Revolving Loan
         Commitment shall be permanently reduced by the amount, if any, by which
         the amount required to be applied pursuant to said Section (determined
         as if an unlimited Total Revolving Loan Commitment existed at such
         time) exceeds the Total Revolving Loan Commitment at such time.

                  (h)  The Total Tranche 3 Revolving Loan Commitment shall be
         permanently reduced in an amount equal to the Total Unutilized Tranche
         3 Revolving Loan Commitment (if any) on the Tranche 3 Guaranty Payment
         Request Date.

                                       -5-
<Page>

                  (i)  At any time after the Tranche 3 Guaranty Payment Request
         Date upon which a repayment of the principal of Tranche 3 Revolving
         Loans is made, the Total Tranche 3 Revolving Loan Commitment shall be
         permanently reduced by an amount equal to the aggregate amount of
         Tranche 3 Revolving Loans being repaid at such time.

                  (j)  Each reduction to the Total Revolving Loan Commitment or
         the Total Tranche 3 Revolving Loan Commitment pursuant to this Section
         3.03 shall be applied proportionately to reduce the Revolving Loan
         Commitment or the Tranche 3 Revolving Loan Commitment, as the case may
         be, of each Bank with such a Commitment."

                  11.  Section 4.01(i) of the Credit Agreement is hereby amended
by deleting the text "Tranche 2 Revolving Loans" appearing therein and by
inserting in lieu thereof the text "Tranche 3 Revolving Loans".

                  12.  Section 4.01 of the Credit Agreement is hereby further
amended by inserting the following paragraph at the end thereof:

         "Notwithstanding anything to the contrary contained above in this
         Section 4.01, no voluntary prepayments of Revolving Loans or Swingline
         Loans pursuant to this Section 4.01 may be made at any time when any
         Tranche 3 Revolving Loans are outstanding."

                  13.  Section 4.02(a)(ii) of the Credit Agreement is hereby
amended to read in its entirety as follows:

                  "(ii) If on any date the aggregate outstanding principal
         amount of Tranche 3 Revolving Loans exceeds the Total Tranche 3
         Revolving Loan Commitment as then in effect, the Borrower shall repay
         on such date the principal of Tranche 3 Revolving Loans in an aggregate
         amount equal to such excess."

                  14.  Notwithstanding anything to the contrary contained in
Section 4.02(i) of the Credit Agreement, the Banks hereby agree that the
requirements of such Section shall not give rise to a mandatory repayment for
the Excess Cash Payment Period in respect of the fiscal year of the Borrower
ending December 31, 2001.

                  15.  Section 4.02(l) of the Credit Agreement is hereby amended
by deleting the term "Tranche 2 Convertible Term Loans" appearing therein and
inserting the term "Tranche 2 Converted Term Loans" in lieu thereof.

                  16.  Section 4.02(n) of the Credit Agreement is hereby amended
by inserting the following new sentence at the end thereof:

                  "All outstanding Tranche 3 Revolving Loans shall be repaid in
         full on the Tranche 3 Revolving Loan Maturity Date."

                  17.  Section 5 of the Credit Agreement is hereby amended by
inserting the following new Sections 5.20 and 5.21 immediately following Section
5.19 appearing in said Section:

                                       -6-
<Page>

                  "5.20 OVERRIDE OF TOTAL REVOLVING LOAN COMMITMENT. At the time
         of each Credit Event, and after giving effect to such Credit Event, (x)
         the sum of (i) the aggregate principal amount of outstanding Revolving
         Loans PLUS (ii) the aggregate principal amount of outstanding Swingline
         Loans plus (iii) the Letter of Credit Outstandings, in each case at
         such time (after giving effect to such Credit Event), shall not exceed
         the Revolving Loan Cap Amount as then in effect and (y) the aggregate
         principal amount of outstanding Revolving Loans of each Bank, when
         added to such Bank's Revolving Percentage of (i) the Letter of Credit
         Outstandings and (ii) the aggregate principal amount of the Swingline
         Loans, in each case at such time (after giving effect to such Credit
         Event), shall not exceed such Bank's Revolving Percentage of the
         Revolving Loan Cap Amount as then in effect.

                  5.21 OVERRIDE OF TOTAL TRANCHE 3 REVOLVING LOAN COMMITMENT. At
         the time of each Credit Event that includes the incurrence of Tranche 3
         Revolving Loans by the Borrower (i) the Total Unutilized Revolving
         Commitment must be zero and (ii) the Tranche 3 Guaranty Payment Request
         Date shall not have occurred."

                  18.  Section 6.08 of the Credit Agreement is hereby amended
by (i) redesignating clause (e) thereof as clause (f), and (ii) inserting the
following new clause (e) immediately following clause (d) thereof:

                  "(e) All proceeds of the Tranche 3 Revolving Loans shall be
         used by the Borrower and its Subsidiaries for working capital and
         general corporate purposes, to the extent permitted by this Agreement."

                  19.  Section 7.01 of the Credit Agreement is hereby amended by
deleting clause (k) thereof and inserting the following new clause (k) in lieu
thereof:

                  "(k) MINIMUM EBITDA CERTIFICATE. On or prior to June 21, 2002,
         a certificate of the chief financial officer or treasurer of the
         Borrower, (x) certifying (i) as to the Consolidated EBITDA of Holdings
         and its Subsidiaries for the period from January 1, 2002 through May
         31, 2002 (taken as one accounting period) and (ii) that no Default or
         Event of Default has occurred and is continuing (or, if a Default or
         Event of Default has occurred and is continuing, identifying each such
         Default or Event of Default), and (y) attaching thereto (i) the
         consolidated statement of income for Holdings and its Subsidiaries (on
         a consolidated basis) for each monthly accounting period that ends
         after January 1, 2002 and on or prior to May 31, 2002 and (ii) the
         calculations necessary to establish compliance with Section 8.17 as of
         May 31, 2002."

                  20.  Section 7 of the Credit Agreement is hereby further
amended by inserting the following new Section 7.18 at the end thereof.

                  "7.18 MORTGAGE AMENDMENTS. Each Credit Party party to a
         Mortgage hereby agrees to deliver to the Collateral Agent, or cause to
         be delivered to the Collateral Agent, within 45 days following the
         Fifth Amendment Effective Date (x) fully executed counterparts of
         amendments (the "Mortgage Amendments"), in form and substance
         reasonably satisfactory to the Collateral Agent, to each Mortgage as
         may be reasonably

                                       -7-
<Page>

         specified by the Collateral Agent, together with evidence that
         counterparts of each of the Mortgage Amendments have been delivered
         to the title company insuring the Lien on the relevant Mortgage for
         recording in all places to the extent necessary or desirable, in the
         reasonable judgment of the Collateral Agent, is effective to
         maintain a valid and enforceable first priority mortgage lien on the
         relevant Mortgaged Properties in favor of the Collateral Agent for
         the benefit of the Secured Creditors and (y) either endorsements to
         the relevant existing Mortgage Policies or new Mortgage Policies
         assuring the Collateral Agent that each Mortgage so specified by the
         Collateral Agent, after giving effect to the respective Mortgage
         Amendment, is a valid and enforceable first priority mortgage lien
         on the respective Mortgaged Property, free and clear of all defects
         and encumbrances, except Permitted Encumbrances."

                  21.  Section 8.05(ii) of the Credit Agreement by inserting
the text "Subject to Section 8.18," at the beginning thereof.

                  22.  Section 8.07 of the Credit Agreement is hereby amended
by inserting the following new clause (c) at the end thereof:

                  "(c) Notwithstanding anything to the contrary contained in
         this Section 8.07, Holdings and the Borrower will not, and will not
         permit any of their Subsidiaries to, make Capital Expenditures in
         excess of the sum of (i) $35,000,000 in the aggregate for Holdings and
         all of its Subsidiaries taken together during the fiscal year of
         Holdings ending December 31, 2002 and (ii) $2,500,000 of cash Capital
         Expenditures of the type referred to in the last sentence of Section
         8.07(a)."

                  23.  Notwithstanding anything to the contrary contained in
Section 8.05, neither the Borrower nor any other Credit Party shall be permitted
to make any Permitted Acquisition on and after the Fifth Amendment Effective
Date to and including December 31, 2002; it being understood and agreed that the
Borrower shall be permitted to acquire a joint venture interest in Reid Mexico
S.A. de C.V. for aggregate consideration (including cash and non-cash
consideration) not to exceed $3,500,000.

                  24.  Section 8.08 of the Credit Agreement is hereby amended by
deleting the portion of the table appearing therein from March 31, 2002 through
December 31, 2002, and inserting in lieu thereof the following:

                  "March 31, 2002            7.25:1.00
                  June 30, 2002              7.25:1.00
                  September 30, 2002         6.60:1.00
                  December 31, 2002          5.25:1.00".

                  25.  Section 8.09 of the Credit Agreement is hereby amended by
deleting the portion of the table appearing therein from March 31, 2002 through
December 31, 2002, and inserting in lieu thereof the following:

                  "March 31, 2002            1.70:1.00
                  June 30, 2002              1.80:1.00

                                       -8-
<Page>

                  September 30, 2002         1.90:1.00
                  December 31, 2002          2.20:1.00".

                  26.  Section 8.10 of the Credit Agreement is hereby amended by
deleting the portion of the table appearing therein from March 31, 2002 through
December 31, 2002, and inserting in lieu thereof the following:

                  "March 31, 2002            0.70:1.00
                  June 30, 2002              0.70:1.00
                  September 30, 2002         0.75:1.00
                  December 31, 2002          0.95:1.00".

                  27.  Section 8 of the Credit Agreement is hereby amended by
inserting the following new Sections 8.17 and 8.18 at the end thereof:

                  "8.17 MINIMUM EBITDA. Holdings and the Borrower will not
         permit Consolidated EBITDA for the period from January 1, 2002 through
         and including May 31, 2002 (taken as one accounting period) to be less
         than $35,000,000.

                  8.18  UTILIZATION. Holdings and the Borrower will not permit
         (i) the sum of (x) the Total Unutilized Revolving Loan Commitment PLUS
         (y) the Total Unutilized Tranche 3 Revolving Loan Commitment PLUS (z)
         cash and Cash Equivalents of Holdings and its Domestic Subsidiaries to
         be less than $15,000,000 on the last day of any fiscal month of
         Holdings ending on or after June 30, 2002 and (ii) the sum of (x) the
         Total Unutilized Revolving Loan Commitment PLUS (y) cash and Cash
         Equivalents of Holdings and its Domestic Subsidiaries to be less than
         $15,000,000 on December 31, 2002."

                  28.  Section 9.08 of the Credit Agreement is hereby amended by
deleting the text "Section 12 of the Guaranty" appearing therein and inserting
the text "Section 12 of the Subsidiary Guaranty" in lieu thereof.

                  29.  Section 9 of the Credit Agreement is hereby further
amended by (x) inserting the word "or" at the end of Section 9.10 of the Credit
Agreement and (y) inserting the following new Section 9.11 immediately following
Section 9.10 of the Credit Agreement:

                  "9.11 TRANCHE 3 GUARANTY. At any time prior to the termination
         of the Total Tranche 3 Revolving Loan Commitment or when any Tranche 3
         Obligations are outstanding, and unless otherwise waived in writing by
         the Required Tranche 3 Banks (a) any Tranche 3 Guaranty or any
         provision thereof shall cease to be in full force or effect as to any
         Tranche 3 Guarantor, or any Tranche 3 Guarantor or any Person acting by
         or on behalf of any Tranche 3 Guarantor shall deny or disaffirm such
         Tranche 3 Guarantor's obligations under the respective Tranche 3
         Guaranty; or (b) any Tranche 3 Guarantor shall default in the due
         performance or observance of any term, covenant or agreement on its
         part to be performed or observed pursuant to the respective Tranche 3
         Guaranty (other than a payment obligation under the respective Tranche
         3 Guaranty), and such default shall continue unremedied for 15 or more
         days after notice to the applicable Tranche 3 Guarantor and the
         Administrative Agent by any Tranche 3 Revolving Loan Bank ; or (c) any
         Tranche 3 Guarantor shall default in the payment of any amount when due
         in respect

                                       -9-
<Page>

         of the Guaranteed Obligations (as defined in the respective Tranche
         3 Guaranty), and such default shall continue unremedied for three or
         more days; or (d) a Tranche 3 Guaranty Event of Default (as defined
         in the respective Tranche 3 Guaranty) shall have occurred;".

                  30.  The definition of "Bank Default" appearing in Section
10.01 of the Credit Agreement is hereby amended by deleting the text "or (d)"
appearing therein and inserting the text ", (d), (f) or (h)" in lieu thereof.

                  31.  Section 10 of the Credit Agreement is hereby further
amended by (i) deleting the definitions of "Applicable Margin", "Commitment",
"Fourth Amendment", "Fourth Amendment Effective Date", "Loan", "Minimum
Borrowing Amount", "Note", "Required Banks", "Test Period", "Third Amendment
Effective Date", "Total Commitment", and "Tranche" and "Tranche 2 Conversion
Date" appearing therein and (ii) inserting the following new definitions in the
appropriate alphabetical order:

                  "Additional Tranche 3 Revolving Loan Commitment Amount" shall
         have the meaning provided in Section 1.16.

                  "Applicable Margin" shall mean (I) prior to the Fifth
         Amendment Effective Date, for purposes of calculating the applicable
         interest rate for any day for any Revolving Loan, Tranche 2 Revolving
         Loan, A Term Loan or B Term Loan, the appropriate applicable percentage
         set forth below corresponding to the Leverage Ratio in effect as of the
         most recent Determination Date:

<Table>
<Caption>
=========================================================================================================================
                                                                                    Applicable Margin
                                                               ----------------------------------------------------------
                                                                  For Revolving Loans,               For B Term Loans
                                                                  Tranche 2 Revolving Loans
                                                                  and A Term Loans
-------------------------------------------------------------------------------------------------------------------------
                                                                                   Base
  Pricing                                                         Eurodollar       Rate          Eurodollar    Base Rate
  Level                       Leverage Ratio                         Loans         Loans            Loans        Loans
-------------------------------------------------------------------------------------------------------------------------
  <S>          <C>                                                <C>              <C>           <C>           <C>
  I            more than 5.0:1.00                                    2.25%         1.25%            2.75%        1.75%
-------------------------------------------------------------------------------------------------------------------------
  II           more than 4.5:1.0  less than or equal to 5.0:1.0      2.00%         1.00%            2.50%        1.50%
-------------------------------------------------------------------------------------------------------------------------
  III          more than 3.5:1.00 less than or equal to 4.5:1.0      1.75%         0.75%            2.25%        1.25%
-------------------------------------------------------------------------------------------------------------------------
  IV           more than 3.0:1.0  less than or equal to 3.5:1.0      1.50%         0.50%            2.00%        1.00%
-------------------------------------------------------------------------------------------------------------------------
  V            more than 2.5:1.0  less than or equal to 3.0:1.0      1.25%         0.25%            2.00%        1.00%
-------------------------------------------------------------------------------------------------------------------------
  VI           less than or equal to 2.5:1.0                         1.00%            0%            2.00%        1.00%
-------------------------------------------------------------------------------------------------------------------------
</Table>

                                       -10-
<Page>

         and (II) on and after the Fifth Amendment Effective Date, for purposes
         of calculating the applicable interest rate for any day for any
         Revolving Loan, A Term Loan, B Term Loan or Tranche 2 Converted Term
         Loan, the appropriate applicable percentage set forth below
         corresponding to the Leverage Ratio in effect as of the most recent
         Determination Date:

<Table>
<Caption>
=========================================================================================================================
                                                                                    Applicable Margin
                                                               ----------------------------------------------------------
                                                                  For Revolving Loans,               For B Term Loans
                                                                  Tranche 2 Converted Term Loans
                                                                  and A Term Loans
-------------------------------------------------------------------------------------------------------------------------
                                                                                   Base
  Pricing                                                         Eurodollar       Rate          Eurodollar    Base Rate
  Level                       Leverage Ratio                         Loans         Loans            Loans        Loans
-------------------------------------------------------------------------------------------------------------------------
  <S>          <C>                                                <C>              <C>           <C>           <C>
  I            more than 6.0:1.0                                     3.75%         2.75%            4.25%        3.25%
-------------------------------------------------------------------------------------------------------------------------
  II           more than 5.5:1.0  less than or equal to 6.0:1.0      3.50%         2.50%            4.00%        3.00%
-------------------------------------------------------------------------------------------------------------------------
  III          more than 5.0:1.00 less than or equal to 5.5:1.0      3.25%         2.25%            3.75%        2.75%
-------------------------------------------------------------------------------------------------------------------------
  IV           more than 4.5:1.0  less than or equal to 5.0:1.0      3.00%         2.00%            3.50%        2.50%
-------------------------------------------------------------------------------------------------------------------------
  V            more than 3.5:1.0  less than or equal to 4.5:1.0      2.50%         1.50%            3.25%        2.25%
-------------------------------------------------------------------------------------------------------------------------
  VI           more than 3.0:1.0  less than or equal to 3.5:1.0      2.00%         1.00%            3.00%        2.00%
-------------------------------------------------------------------------------------------------------------------------
  VII          more than 2.5:1.0  less than or equal to 3.0:1.0      1.75%         0.75%            3.00%        2.00%
-------------------------------------------------------------------------------------------------------------------------
  VIII         less than or equal to 2.5:1.0                         1.50%         0.50%            3.00%        2.00%
-------------------------------------------------------------------------------------------------------------------------
</Table>

                  The Applicable Margin shall be determined and adjusted
         quarterly on each Determination Date; PROVIDED, HOWEVER, that if
         Holdings fails to provide the officer's certificate to the
         Administrative Agent as required by Section 7.01(e) for the last day of
         the most recently ended fiscal quarter of Holdings preceding the
         Determination Date, the Applicable Margins from such Determination Date
         shall be based on Pricing Level I until such time as an appropriate
         officer's certificate is provided, whereupon the Applicable Margins
         shall be determined by the Leverage Ratio as of the last day of the
         most recently ended fiscal quarter of Holdings preceding such
         Determination Date. Each Applicable Margin shall be effective from one
         Determination Date until the next Determination Date. Any adjustments
         in the Applicable Margins shall be applicable to all existing Loans and
         Letters of Credit as well as any new Loans and Letters of Credit made
         or issued. Notwithstanding anything to the contrary contained herein,
         (i) with respect to each C Term Loan Sub-Facility, to the extent then
         outstanding, the Applicable Margins shall be that percentage set forth
         in or calculated in accordance with the relevant C Term Loan Commitment
         Agreement, (ii) on and after the Fifth Amendment Effective Date to but
         not including the first Determination Date after the Fifth Amendment
         Effective Date,

                                       -11-
<Page>

         the Applicable Margin shall be determined in accordance with Pricing
         Level I set forth above and (iii) with respect to the Tranche 3
         Revolving Loan Facility, the Applicable Margin shall be (x) 1.00% in
         the case of Base Rate Loans and (y) 2.00% in the case of Eurodollar
         Loans.

                  "Commitment" shall mean any of the commitments of any Bank,
         I.E., whether the A Term Loan Commitment, B Term Loan Commitment, C
         Term Loan Commitment, Revolving Loan Commitment, Tranche 2 Revolving
         Loan Commitment or Tranche 3 Revolving Loan Commitment.

                  "Determination Date" shall have the meaning provided in the
         definition of "Applicable Commitment Fee Percentage".

                  "Fifth Amendment" shall mean the Fifth Amendment to this
         Agreement, dated as of February 27, 2002.

                  "Fifth Amendment Effective Date" shall have the meaning
         provided in the Fifth Amendment.

                  "Loan" shall mean, collectively, each Term Loan, Tranche 2
         Converted Term Loan, Revolving Loan, Tranche 2 Revolving Loan, Tranche
         3 Revolving Loan, in each case, and Swingline Loan made by any Bank
         hereunder.

                  "Minimum Borrowing Amount" shall mean (i) with respect to Term
         Loans $5,000,000, (ii) with respect to Revolving Loans and Tranche 3
         Revolving Loans, in each case maintained as Eurodollar Loans,
         $1,000,000 (and multiples of $500,000 in excess thereof), (iii) with
         respect to Revolving Loans and Tranche 3 Revolving Loans, in each case
         maintained as Base Rate Loans, $500,000 (and multiples of $100,000 in
         excess thereof) and (iv) with respect to Swingline Loans, $100,000.

                  "Mortgage Amendments" shall have the meaning provided in
         Section 7.18.

                  "Non-Tranche 3 Obligations" shall mean all Obligations
         (including, without limitation, any interest accruing subsequent to the
         filing of a petition of bankruptcy at the rate provided for in the
         documentation with respect thereto, whether or not such interest is an
         allowed claim under applicable law, but excluding any Other Secured
         Obligations) other than the Tranche 3 Obligations.

                  "Non-Tranche 3 Secured Obligations" shall mean and include all
         Non-Tranche 3 Obligations (including, without limitation, any interest
         accruing subsequent to the filing of a petition of bankruptcy at the
         rate provided for in the documentation with respect thereto, whether or
         not such interest is an allowed claim under applicable law) and all
         Other Secured Obligations.

                  "Note" shall mean each Term Note, each Revolving Note, each
         Tranche 2 Revolving/Converted Term Note, each Tranche 3 Revolving Note
         and the Swingline Note.

                                       -12-

<Page>

                  "Other Secured Obligations" shall mean any Interest Rate
         Protection or Other Hedging Obligations under, and as defined in, the
         various Security Documents, which Interest Rate Protection or Other
         Hedging Obligations are secured pursuant to the various Security
         Documents.

                  "Proceeds" shall mean "Proceeds" as such term is defined in
         Section 9-102(a)(64) of the Uniform Commercial Code as in effect in the
         State of New York on the date hereof and, in any event, shall include,
         without limitation, (a) any and all proceeds of any insurance,
         indemnity, warranty or guaranty payable to Holdings or any of its
         Subsidiaries from time to time with respect to any of the Collateral,
         (b) any and all payments (in any form whatsoever) made or due and
         payable to the Holdings or any of its Subsidiaries from time to time in
         connection with any requisition, confiscation, condemnation, seizure or
         forfeiture of all or any part of the Collateral by any governmental
         agency (or any Person acting under color of governmental authority) and
         (c) any and all other amounts from time to time paid or payable under
         or in connection with any of the Collateral.

                  "Remedial Action" shall mean any claim, proceeding or action
         to foreclose upon, take possession or control of, sell, lease or
         otherwise dispose of, or in any other manner realize, take steps to
         realize or seek to realize upon, the whole or any part of any
         Collateral, whether pursuant to the UCC, by foreclosure, by setoff, by
         self-help repossession, by notification to account debtors, by deed in
         lieu of foreclosure, by exercise of power of sale, by judicial action
         or otherwise, or the exercise of any other remedies with respect to any
         Collateral available under any of the Security Documents, or under
         applicable law.

                  "Required Banks" shall mean Non-Defaulting Banks the sum of
         whose outstanding Term Loans, Revolving Loan Commitments (or, after the
         Total Revolving Loan Commitment has been terminated, outstanding
         Revolving Loans and Revolving Percentages of outstanding Swingline
         Loans and Letter of Credit Outstandings), Tranche 2 Revolving Loan
         Commitments (or, after the Total Tranche 2 Revolving Loan Commitment
         has been terminated, outstanding Tranche 2 Revolving Loans or Tranche 2
         Converted Term Loans, as the case may be) and Tranche 3 Revolving Loan
         Commitments (or, after the Total Tranche 3 Revolving Loan Commitment
         has been terminated, outstanding Tranche 3 Revolving Loans) constitute
         greater than 50% of the sum of (i) the total outstanding Term Loans of
         Non-Defaulting Banks, (ii) the Total Revolving Loan Commitment less the
         aggregate Revolving Loan Commitments of Defaulting Banks (or, after the
         Total Revolving Loan Commitment has been terminated, the total
         outstanding Revolving Loans of Non-Defaulting Banks and the aggregate
         Revolving Percentages of all Non-Defaulting Banks of the total
         outstanding Swingline Loans and Letter of Credit Outstandings at such
         time), (iii) the Total Tranche 2 Revolving Loan Commitment less the
         Tranche 2 Revolving Loan Commitments of Defaulting Banks (or, after the
         Total Tranche 2 Revolving Loan Commitment has been terminated, the
         total outstanding Tranche 2 Revolving Loans or Tranche 2 Converted Term
         Loans, as the case may be, of Non-Defaulting Banks at such time), and
         (iv) the Total Tranche 3 Revolving Loan Commitment less the Tranche 3
         Revolving Loan Commitments of Defaulting Banks (or, after the Total
         Tranche 3 Revolving Loan Commitment has been terminated, the total
         outstanding Tranche 3 Revolving Loans of

                                       -13-
<Page>

         Non-Defaulting Banks at such time). Notwithstanding anything to the
         contrary contained in this definition, it is understood and agreed
         that, to the extent that any payment in respect of the principal of
         any Tranche 3 Revolving Loan (or any part thereof) has been made by
         any Tranche 3 Guarantor pursuant to any Tranche 3 Guaranty, then
         such principal amount (or part thereof, as the case may be) shall
         not be included in the foregoing calculations of Required Banks,
         unless the Total Commitment and all Non-Tranche 3 Obligations,
         together with all interest owing with respect thereto, have been
         indefeasibly paid in full in cash.

                  "Required Tranche 3 Banks" shall mean those Non-Defaulting
         Banks, the sum of whose outstanding Tranche 3 Revolving Loan
         Commitments (or, if after the Total Tranche 3 Revolving Loan Commitment
         has been terminated, outstanding Tranche 3 Revolving Loans) represent
         an amount greater than 50% of the Total Tranche 3 Revolving Loan
         Commitment less the aggregate Tranche 3 Revolving Loan Commitments of
         Defaulting Banks (or, if after the Total Tranche 3 Revolving Loan
         Commitment has been terminated, the total outstanding Tranche 3
         Revolving Loans of Defaulting Banks).

                  "Revolving Loan Cap Amount" shall mean $43,500,000.

                  "Secured Obligations" shall mean and include all Non-Tranche 3
         Secured Obligations and, subject to the provisions of Section 14, all
         Tranche 3 Obligations.

                  "Test Period" shall mean, at any time, each period of four
         consecutive fiscal quarters then last ended, in each case taken as one
         accounting period; PROVIDED that, notwithstanding anything to the
         contrary contained above or in Section 13.07 or otherwise required by
         generally accepted accounting principles, and solely in determining
         compliance with Sections 8.08, 8.09 and 8.10, to the extent the
         respective Test Period includes (w) the fiscal quarter of Holdings
         ended June 30, 2001, Consolidated EBITDA for such fiscal quarter shall
         be deemed to be $27,000,000, (x) the fiscal quarter of Holdings ended
         September 30, 2001, Consolidated EBITDA for such fiscal quarter shall
         be deemed to be $21,000,000 and (y) the fiscal quarter of Holdings
         ended December 31, 2001, Consolidated EBITDA for such fiscal quarter
         shall be deemed to be $13,100,000.

                  "Third Amendment Effective Date" shall mean November 13, 2001.

                  "Total Commitment" shall mean the sum of the Total A Term Loan
         Commitment, the Total B Term Loan Commitment, the Total C Term Loan
         Commitment, the Total Revolving Loan Commitment, the Total Tranche 2
         Revolving Loan Commitment and the Total Tranche 3 Revolving Loan
         Commitment.

                  "Total Tranche 3 Revolving Loan Commitment" shall mean the sum
         of the Tranche 3 Revolving Loan Commitments of each of the Banks.

                  "Total Unutilized Tranche 3 Revolving Loan Commitment" shall
         mean, at any time (i) the Total Tranche 3 Revolving Loan Commitment at
         such time LESS (ii) the aggregate principal amount of all Tranche 3
         Revolving Loans outstanding at such time.

                                       -14-
<Page>

                  "Tranche" shall mean the respective facility and commitments
         utilized in making Loans hereunder, with there being seven separate
         Tranches, I.E., A Term Loans, B Term Loans, C Term Loans, Revolving
         Loans, Swingline Loans, Tranche 2 Converted Term Loans and Tranche 3
         Revolving Loans.

                  "Tranche 2 Conversion Date" shall mean the Fifth Amendment
         Effective Date.

                  "Tranche 3 Guarantor" shall mean, collectively, each
         guarantor, in whole or in part, of any obligation under the Tranche 3
         Revolving Loan Facility.

                  "Tranche 3 Guaranty" shall mean, collectively, one or more
         guaranties executed and delivered by any Tranche 3 Guarantor pursuant
         to the terms of the Fifth Amendment.

                  "Tranche 3 Guaranty Payment Request Date" shall mean the day
         on which the first request or demand for payment is made by the
         Administrative Agent or any Tranche 3 Revolving Loan Bank to any
         Tranche 3 Guarantor under any Tranche 3 Guaranty in respect of any part
         of the Guaranteed Obligations (as defined therein) which is due but
         unpaid.

                  "Tranche 3 Increase Date" shall have the meaning provided in
         Section 1.16.

                  "Tranche 3 Increase Notice" shall have the meaning provided in
         Section 1.16.

                  "Tranche 3 Obligations" shall mean all Obligations
         constituting the principal of, or interest (including, without
         limitation, any interest accruing subsequent to the filing of a
         petition of bankruptcy at the rate provided for in the documentation
         with respect thereto, whether or not such interest is an allowed claim
         under applicable law) on, Tranche 3 Revolving Loans or under the
         Tranche 3 Revolving Notes, Tranche 3 Revolving Loan Commitment Fees,
         and any other amounts owing pursuant to the terms of this Agreement or
         any other Credit Documents with respect to the Tranche 3 Revolving
         Loans.

                  "Tranche 3 Revolving Loan" shall have the meaning provided in
         Section 1.01(h).

                  "Tranche 3 Revolving Loan Bank" shall mean each Bank with a
         Tranche 3 Revolving Loan Commitment, outstanding Tranche 3 Revolving
         Loans or any other obligations in respect of the Tranche 3 Revolving
         Loan Facility.

                  "Tranche 3 Revolving Loan Commitment" shall mean, with respect
         to each Bank, the amount set forth opposite such Bank's name in Annex I
         directly below the column entitled "Tranche 3 Revolving Loan
         Commitment," as the same may be reduced or terminated pursuant to
         Sections 3.02, 3.03 and/or 9.

                  "Tranche 3 Revolving Loan Commitment Fee" shall have the
         meaning provided in Section 3.01(f).

                  "Tranche 3 Revolving Loan Facility" shall mean the Tranche
         evidenced by the Total Tranche 3 Revolving Loan Commitment.

                                       -15-
<Page>

                  "Tranche 3 Revolving Loan Maturity Date" shall mean January 5,
         2003.

                  "Tranche 3 Revolving Note" shall have the meaning provided in
         Section 1.05(a).

                  "Unutilized Tranche 3 Revolving Loan Commitment" with respect
         to any Bank at any time, shall mean such Bank's Tranche 3 Revolving
         Loan Commitment at such time, if any, less the sum of the aggregate
         principal amount of all Tranche 3 Revolving Loans made by such Bank.

                  32. Section 13.04(b) of the Credit Agreement is hereby amended
by (i) deleting the phrase "Revolving Loan Commitments (and related outstanding
Obligations hereunder), Tranche 2 Revolving Loan Commitments (and related
outstanding Obligations hereunder) and/or its outstanding Term Loans and/or
Tranche 2 Converted Term Loans" appearing in clause (x) thereof and inserting in
lieu thereof the phrase "Revolving Loan Commitments (and related outstanding
Obligations hereunder), Tranche 3 Revolving Loan Commitments (and related
outstanding Obligations hereunder), its outstanding Term Loans and/or its
outstanding Tranche 2 Converted Term Loans", (ii) deleting the phrase "Revolving
Loan Commitments (and related outstanding Obligations hereunder), Tranche 2
Revolving Loan Commitments (and related outstanding Obligations hereunder)
and/or outstanding principal amount of Term Loans and/or Tranche 2 Converted
Term Loans" appearing in clause (y) thereof and inserting in lieu thereof the
phrase "Revolving Loan Commitments (and related outstanding Obligations
hereunder), Tranche 3 Revolving Loan Commitments (and related outstanding
Obligations hereunder), outstanding Term Loans and/or outstanding Tranche 2
Converted Term Loans", (iii) deleting each phrase "Revolving Loan Commitments,
Tranche 2 Revolving Loan Commitments, Term Loans and/or Tranche 2 Converted Term
Loans" appearing in the provisos contained therein and inserting in lieu thereof
"Revolving Loan Commitments, Tranche 3 Revolving Loan Commitments, Term Loans
and/or Tranche 2 Converted Term Loans", (iv) deleting the phrase "To the extent
that an assignment of all or any portion of a Bank's Revolving Loan Commitment
or Tranche 2 Revolving Loan Commitment" appearing in the fourth sentence thereof
and inserting in lieu thereof "To the extent that an assignment of all or any
portion of a Bank's Revolving Loan Commitment or Tranche 3 Revolving Loan
Commitment".

                  33. The parties hereto hereby agree that, without the written
consent of Holdings, the Borrower, the Required Banks (or each Bank, to the
extent required by Section 13.12) and each Tranche 3 Guarantor, (i) the
percentages in the pricing grid set forth in the definition of "Applicable
Margin" in this Agreement shall not be amended or modified to increase such
percentages, solely as such increase would increase the interest rates
applicable to Tranche 3 Revolving Loans, (ii) Section 3.01(f), Sections 3.03(h)
and (i), Section 4.01 (solely in respect of the last sentence thereof), Section
5.21 and Section 14 shall not be amended, modified or waived in any respect,
(iii) the Tranche 3 Revolving Loan Maturity Date shall not be extended, (iv) the
Total Tranche 3 Revolving Loan Commitment shall not be increased (other than
pursuant to Section 1.16 of the Credit Agreement) and (v) the aggregate
principal amount of all outstanding Tranche 3 Revolving Loans shall not exceed
$19,000,000; it being understood that, without such requisite consent, no
amendment, modification or waiver of a type referred to in this Section 33 shall
have any force or effect.

                                       -16-
<Page>

                  34. The Credit Agreement is hereby further amended by
inserting the following new Section 14 at the end thereof:

                  "Section 14. SPECIAL PROVISIONS WITH RESPECT TO THE TRANCHE 3
         REVOLVING LOAN FACILITY. To induce the Required Banks to enter into the
         Fifth Amendment and thereby permit the making of the Tranche 3
         Revolving Loans, the following agreements are made by the Tranche 3
         Revolving Loan Banks (and their successors and assigns) for the benefit
         of the Banks holding Non-Tranche 3 Obligations hereunder (except that
         the agreement contained in Section 14.04 is made by the Banks party to
         the Fifth Amendment (and their successors and assigns) for the benefit
         of the Tranche 3 Revolving Loan Banks):

                  14.01 PRIORITIES WITH RESPECT TO COLLATERAL. The Banks
         acknowledge and agree that all Secured Obligations shall be secured
         pursuant to the Security Documents in accordance with the terms
         thereof; PROVIDED that, notwithstanding anything to the contrary
         contained in this Agreement or any other Credit Document, as between
         the Tranche 3 Obligations and Non-Tranche 3 Secured Obligations, the
         following priorities and agreements with respect to the Collateral
         shall apply:

                  (i)   The Liens created under the Security Documents on the
         Collateral and the Proceeds thereof securing the Non-Tranche 3 Secured
         Obligations shall be superior and prior to the Liens of the holders of
         (or claimants in respect of) the Tranche 3 Obligations with respect
         thereto as set forth in this Section 14 and in the Security Agreement.

                  (ii)  The holders of the Tranche 3 Obligations and each
         Tranche 3 Guarantor (or any Affiliate thereof) which obtains a claim
         in respect of the Tranche 3 Obligations, in each case, for
         themselves and their successors and assigns, hereby acknowledge and
         agree for the benefit of the other Secured Creditors that they shall
         not be entitled to receive, in respect of the Tranche 3 Obligations
         held by them, any of the proceeds of any Collateral following the
         occurrence of an Event of Default or received as a result of the
         enforcement of rights pursuant to the Security Documents until all
         Non-Tranche 3 Secured Obligations have been indefeasibly paid in
         full in cash. The Tranche 3 Revolving Loan Banks (for themselves and
         their successors and assigns) hereby agree that, to the extent that
         their outstanding Tranche 3 Revolving Loans are excluded for
         purposes of determining the "Required Banks" in accordance with the
         last sentence appearing in the definition thereof, they shall have
         no rights to institute foreclosure under the Security Documents, but
         shall only be entitled to share in the proceeds of the Collateral as
         realized and following the indefeasible payment in full in cash of
         all Non-Tranche 3 Secured Obligations.

                  (iii) Until all Non-Tranche 3 Secured Obligations have been
         indefeasibly paid in full in cash, each holder of the Tranche 3
         Obligations, and each Tranche 3 Guarantor who obtains a claim in
         respect of the Tranche 3 Obligations, in each case, hereby agrees (x)
         not to exercise, with respect to the Tranche 3 Obligations, any right
         of setoff or counterclaim with respect to the Collateral or any
         Proceeds thereof, (y) that all Proceeds of Collateral shall be paid to
         the Administrative Agent for application to the Non-Tranche 3 Secured
         Obligations and (z) that any Proceeds of Collateral received by any
         holder of (or claimant in respect of) the Tranche 3 Obligations in its
         capacity as such and any other

                                       -17-
<Page>

         cash or other property received by any holder of (or claimant in
         respect of) the Tranche 3 Obligations in its capacity as such shall
         be segregated and held in trust and paid over to the Administrative
         Agent for the benefit of the holders of all Non-Tranche 3 Secured
         Obligations in the same form as received, with any necessary
         endorsements.

                  (iv)  If the Collateral Agent releases its liens in any
         Collateral in connection with the sale, lease, transfer or other
         disposition thereof, the holders of (and claimants in respect of) the
         Tranche 3 Obligations shall execute and deliver to the Collateral Agent
         such termination statements, release documents, consents and other
         documents as the Collateral Agent may request to effectively release,
         and facilitate the release of, the Liens held by the Collateral Agent
         in such Collateral.

                  The provisions of this Section 14.01 shall be effective at all
         times during the term of this Agreement, and notwithstanding (without
         limitation): (i) the initiation of any bankruptcy, moratorium,
         reorganization or other insolvency proceeding with respect to Holdings
         or any of its Subsidiaries (and all references to Holdings or any of
         its Subsidiaries shall include any such entity as debtor in possession
         or any receiver or trustee for such entity); (ii) the priorities which
         would otherwise result under the terms of the respective Security
         Documents or under applicable law; (iii) the taking of possession of
         any Collateral by any Tranche 3 Revolving Loan Bank; or (iv) any other
         matter whatsoever; and shall continue in full force and effect until
         the Total Commitment has terminated and all Secured Obligations have
         been repaid in full.

                  14.02 CERTAIN DISPOSITIONS OF COLLATERAL. Notwithstanding
         anything to the contrary contained above, to the extent Collateral is
         sold in accordance with the requirements of Section 8.02 of this
         Agreement (and is not sold as a result of any Remedial Action pursuant
         to a Security Document) at a time when no Default or Event of Default
         exists pursuant to Section 9.05, the proceeds thereof shall be applied
         in accordance with the requirements of Section 4.02 of this Agreement.

                  14.03 FURTHER ASSURANCES. Each of the holders of the Tranche 3
         Obligations agrees to take such further action and shall execute and
         deliver to the Administrative Agent, the Collateral Agent and the Banks
         such additional documents and instruments (in recordable form, if
         requested) as the Administrative Agent, the Collateral Agent or the
         Banks may reasonably request to effectuate the terms of, and the
         priorities established by, this Section 14.

                  14.04 AGREEMENT FOR BENEFIT OF TRANCHE 3 REVOLVING LOAN BANKS.
         Each Bank which executes and delivers a counterpart of the Fifth
         Amendment hereby irrevocably agrees, for the benefit of the Tranche 3
         Revolving Loan Banks, that such Bank (and its successors and assigns)
         will not, unless the prior written consent of the Required Tranche 3
         Banks has been obtained, agree to any amendment or modification to this
         Agreement to the extent such amendment or modification would amend,
         modify or alter any of the provisions of this Section 14 or any defined
         term as used herein. The agreements contained in this Section 14.04 are
         made for the benefit of the Tranche 3 Revolving Loan Banks and may not
         be amended or modified without the prior written consent of the
         Required Tranche 3 Banks."

                                       -18-
<Page>

                  35. Annex I to the Credit Agreement is hereby amended by
deleting the same in its entirety and inserting in lieu thereof the new Annex I
in the form attached hereto.

                  36. Exhibit A to the Credit Agreement is hereby amended by
inserting the phrase "[Tranche 2 Converted Term Loans] [Tranche 3 Revolving
Loans]" immediately after the phrase "[Revolving Loans]" appearing therein.

                  37. The Credit Agreement is hereby further amended by
inserting a new Exhibit B-7 thereto in the form of Exhibit B-7 attached hereto.

                  38. The Credit Agreement is hereby further amended by deleting
Exhibit M thereto in its entirety and inserting in lieu thereof a new Exhibit M
thereto in the form of Exhibit M attached hereto.

II.      Amendments to the Security Agreement.

                  1.   Section 7.4 of the Security Agreement is hereby amended
by deleting such Section in its entirety and inserting the following new Section
7.4 in lieu thereof:

                  "7.4 APPLICATION OF PROCEEDS. (a) All moneys collected by the
         Collateral Agent upon any sale or other disposition of the Collateral
         (or, to the extent the Pledge Agreement or the Mortgages require
         proceeds of collateral thereunder to be applied in accordance with the
         provisions of this Agreement, the Pledgee under the Pledge Agreement or
         the Mortgagee under such Mortgage), together with all other moneys
         received by the Collateral Agent hereunder, shall be applied as
         follows:

                       (i)   FIRST, to the payment of all Obligations owing to
                  the Collateral Agent, the Pledgee or the Mortgagee resulting
                  from their acting as Collateral Agent, Pledgee or Mortgagee,
                  respectively;

                       (ii)  SECOND, to the extent proceeds remain after the
                  application pursuant to the preceding clause (i), an amount
                  equal to the outstanding Non-Tranche 3 Secured Obligations
                  shall be paid to the Secured Creditors as provided in Section
                  7.4(e), with each Secured Creditor receiving an amount equal
                  to its outstanding Non-Tranche 3 Secured Obligations or, if
                  the proceeds are insufficient to pay in full all such
                  Non-Tranche 3 Secured Obligations, its PRO RATA Share of the
                  amount remaining to be distributed, to be applied, with
                  respect to the Credit Document Obligations, first to the
                  payment of interest in respect of the unpaid principal amount
                  of Loans (other than the Tranche 3 Revolving Loans)
                  outstanding, second to the payment of principal of Loans
                  (other than the Tranche 3 Revolving Loans) outstanding, then
                  to the other Credit Document Obligations (other than the
                  Tranche 3 Obligations);

                       (iii) THIRD, to the extent proceeds remain after the
                  application pursuant to the preceding clauses (i) and (ii), an
                  amount equal to the outstanding Tranche 3 Obligations shall be
                  paid to the Secured Creditors as provided in Section 7.4(e),
                  with each Secured Creditor receiving an amount equal to its
                  outstanding Tranche

                                       -19-
<Page>

                  3 Obligations or, if the proceeds are insufficient to pay in
                  full all such Tranche 3 Obligations, its PRO RATA Share of the
                  amount remaining to be distributed; and

                       (iv)  FOURTH, to the extent proceeds remain after the
                  applications pursuant to preceding clauses (i) through (iii),
                  and following the termination of this Agreement pursuant to
                  Section 10.9 hereof, to the relevant Assignor, to the extent
                  directed by such Assignor or a court of competent
                  jurisdiction, or to whomever may be lawfully entitled to
                  receive such surplus.

                  (b) For purposes of this Agreement, "PRO RATA Share" shall
         mean, when calculating a Secured Creditor's portion of any distribution
         or amount, that amount (expressed as a percentage) equal to a fraction
         the numerator of which is the then unpaid amount of such Secured
         Creditor's Non-Tranche 3 Secured Obligations or Tranche 3 Obligations
         or, as the case may be, and the denominator of which is the then
         outstanding amount of all Non-Tranche 3 Secured Obligations or Tranche
         3 Obligations as the case may be.

                  (c) When payments to Secured Creditors are based upon their
         respective PRO RATA Shares, the amounts received by such Secured
         Creditors hereunder shall be applied (for purposes of making
         determinations under this Section 7.4 only) (i) FIRST, to their
         Non-Tranche 3 Secured Obligations and (ii) SECOND, to their Tranche 3
         Obligations. If any payment to any Secured Creditor of its PRO RATA
         Share of any distribution would result in overpayment to such Secured
         Creditor, such excess amount shall instead be distributed in respect of
         the unpaid Non-Tranche 3 Secured Obligations or Tranche 3 Obligations,
         as the case may be, of the other Secured Creditors, with each Secured
         Creditor whose Non-Tranche 3 Secured Obligations or Tranche 3
         Obligations, as the case may be, have not been paid in full to receive
         an amount equal to such excess amount multiplied by a fraction the
         numerator of which is the unpaid Non-Tranche 3 Secured Obligations or
         Tranche 3 Obligations, as the case may be, of such Secured Creditor and
         the denominator of which is the unpaid Non-Tranche 3 Secured
         Obligations or Tranche 3 Obligations, as the case may be, of all
         Secured Creditors entitled to such distribution.

                  (d) All payments required to be made to (i) the Bank Creditors
         hereunder shall be made to the Administrative Agent for the account of
         the respective Bank Creditors and (ii) the Interest Rate Creditors
         hereunder shall be made to the paying agent under the applicable
         Interest Rate Protection Agreement or Other Hedging Agreement or, in
         the case of Interest Rate Protection Agreements or Other Hedging
         Agreements without a paying agent, directly to the applicable Interest
         Rate Creditor.

                  (e) For purposes of applying payments received in accordance
         with this Section 7.4, the Collateral Agent shall be entitled to rely
         upon (i) the Administrative Agent for a determination (which the
         Administrative Agent agrees to provide upon request to the Collateral
         Agent) of the outstanding Credit Document Obligations and (ii) upon any
         Interest Rate Creditor for a determination (which each Interest Rate
         Creditor agrees to provide upon request to the Collateral Agent) of the
         outstanding Interest Rate Protection or Other Hedging Obligations owed
         to such Interest Rate Creditor. Unless it has actual knowledge
         (including by way of written notice from a Secured Creditor) to the

                                       -20-
<Page>

         contrary, the Administrative Agent under the Credit Agreement, in
         furnishing information pursuant to the preceding sentence, and the
         Collateral Agent, in acting hereunder, shall be entitled to assume that
         (x) no Credit Document Obligations other than principal, interest and
         regularly accruing fees are owing to any Bank Creditor and (y) no
         Interest Rate Protection Agreements or Interest Rate Protection or
         Other Hedging Obligations with respect thereto are in existence.

                  (f) It is understood that each Assignor shall remain liable to
         the extent of any deficiency between (x) the amount of the Obligations
         for which it is liable directly or as a Guarantor that are satisfied
         with proceeds of the Collateral and (y) the aggregate outstanding
         amount of such Obligations.

III.     ACKNOWLEDGMENTS AND AGREEMENTS WITH RESPECT TO VARIOUS CREDIT
         DOCUMENTS.

                  1. For the avoidance of doubt, each Credit Party hereby
acknowledges and confirms its due authorization, execution and delivery of all
Credit Documents (each Credit Document as amended, restated, modified and/or
supplemented through and including the date hereof) to which it is a party,
including all instruments, financing statements, agreements, certificates and
documents executed and delivered in connection therewith, and hereby ratifies
all actions heretofore taken in connection therewith.

                  2. Each Credit Party, by its execution (or acknowledgment, as
the case may be) and delivery of this Amendment, hereby consents to the
extensions of credit pursuant to the Credit Agreement (including, without
limitation, as amended by this Amendment). Each Credit Party further
acknowledges and agrees to the provisions of this Amendment and hereby agrees
for the benefit of the Banks that all extensions of credit (including as
contemplated by this Amendment) pursuant to the Credit Agreement (including,
without limitation, as amended by this Amendment, and as same may be further
amended, restated, modified and/or supplemented from time to time) shall be
fully entitled to all benefits of, and shall be fully guaranteed and secured
pursuant to and in accordance with the terms of, each of the Credit Documents,
as applicable.

IV.      MISCELLANEOUS.

                  1. This Amendment is limited as specified and shall not
constitute a modification, acceptance or waiver of any other provision of the
Credit Agreement or any other Credit Document.

                  2. This Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each
of which counterparts when executed and delivered shall be an original, but all
of which shall together constitute one and the same instrument. A complete set
of counterparts shall be lodged with the Borrower and the Administrative Agent.

                  3. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW
OF THE STATE OF NEW YORK.

                                       -21-

<Page>

              4.        This Amendment shall become effective on the date (the
"Fifth Amendment Effective Date") when:

              (i)    each Credit Party, the Required Banks and each Bank which
         is providing a Tranche 3 Revolving Loan Commitment pursuant to this
         Amendment shall have signed a counterpart hereof (whether the same or
         different counterpart) and shall have delivered (including by way of
         facsimile transmission) the same to the Administrative Agent at the
         Notice Office;

              (ii)   each Tranche 3 Guarantor shall have duly authorized,
         executed and delivered the respective Tranche 3 Guaranty in the form of
         Exhibit I to this Amendment, and each Tranche 3 Guaranty shall be in
         full force and effect;

              (iii)  the Administrative Agent shall have received for the
         account of each Bank which is providing a Tranche 3 Revolving Loan
         Commitment pursuant to this Amendment and requests the same, a Tranche
         3 Revolving Note, in the amount, maturity and as otherwise provided in
         this Amendment and Section 1.05 of the Credit Agreement (as amended
         hereby);

              (iv)   the Administrative Agent shall have received from Holdings,
         the Borrower and each Tranche 3 Guarantor true and correct certified
         copies of resolutions of the Board of Directors (or equivalent) of such
         Person with respect to the matters set forth in this Amendment, and
         such resolutions shall be in form and substance satisfactory to the
         Administrative Agent;

              (v)    the Administrative Agent shall have received from each
         Tranche 3 Guarantor a certificate, dated the Fifth Amendment Effective
         Date, signed by an appropriate officer of each Tranche 3 Guarantor,
         certifying and attaching true and correct copies of the certificate of
         limited partnership, partnership agreement or other organizational
         documents of each Tranche 3 Guarantor, and all of the foregoing shall
         be reasonably satisfactory to the Administrative Agent;

              (vi)   all corporate, partnership and legal proceedings and all
         instruments and agreements in connection with the transactions
         contemplated by the Credit Agreement and this Amendment shall be
         reasonably satisfactory in form and substance to the Administrative
         Agent, and the Administrative Agent shall have received all information
         and copies of all documents and papers, including records of
         proceedings, governmental approvals, good standing certificates and
         bring-down telegrams or facsimiles, if any, which the Administrative
         Agent reasonably may have requested in connection therewith, such
         documents and papers where requested to be certified by proper
         corporate, partnership or governmental authorities;

              (vii)  the Administrative Agent shall have received from (x)
         Simpson Thacher & Bartlett, counsel to Holdings, the Borrower and one
         of the Tranche 3 Guarantors, an opinion addressed to each Agent, the
         Collateral Agent and each of the Banks and dated the Fifth Amendment
         Effective Date, covering such matters incident to this Amendment and
         the transactions contemplated herein as the Administrative Agent may
         reasonably

                                    -22-

<Page>

         request (including, without limitation, an opinion as to no conflict
         with the Senior Subordinated Note Documents and appropriate opinions as
         to the applicable Tranche 3 Guaranty) and otherwise in form and
         substance satisfactory to the Administrative Agent and (b) from Hughes
         & Luce, L.L.P., counsel to the other Tranche 3 Guarantor, an opinion
         addressed to each Agent, the Collateral Agent and each of the Tranche 3
         Revolving Loan Banks and dated the Fifth Amendment Effective Date,
         covering such matters incident to the respective Tranche 3 Guaranty as
         the Administrative Agent may reasonably request and otherwise in form
         and substance satisfactory to the Administrative Agent;

              (viii) the Borrower shall have delivered to the Administrative
         Agent an officer's certificate signed by an appropriate officer of the
         Borrower in form and substance satisfactory to the Administrative
         Agent, (x) establishing that the provision of the Tranche 3 Revolving
         Loan Commitment pursuant to the terms of the Credit Agreement (as
         amended by this Amendment) (including, without limitation, the guaranty
         thereof pursuant to each Tranche 3 Guaranty) complies with the terms of
         the Senior Subordinated Notes Indenture and (y) containing a
         representation and warranty that (I) the incurrence of $19,000,000 of
         Tranche 3 Revolving Loans is permitted pursuant to the Senior
         Subordinated Note Indenture and (II) the Indebtedness evidenced by the
         Tranche 3 Revolving Loans (and each Credit Event occurring after the
         Fifth Amendment Effective Date) constitutes, or will constitute, as the
         case may be, "Senior Debt" and "Designated Senior Debt" under, and as
         defined in, the Senior Subordinated Note Indenture;

              (ix)   the Borrower shall have paid to each Bank which executed
         and delivered to the Administrative Agent a counterpart of the Third
         Amendment (prior to 5:00 p.m. on November 13, 2001) and this Amendment
         (prior to 5:00 p.m. on February 27, 2002), a fee equal to the product
         of (x) 1.50% MULTIPLIED BY (y) the quotient of (i) the number of days
         during the period from and including the Third Amendment Effective Date
         to but excluding the Fifth Amendment Effective Date DIVIDED BY (ii)
         360, MULTIPLIED BY (z) the sum of (i) the aggregate principal amount of
         such Bank's outstanding Term Loans on the Fifth Amendment Effective
         Date, (ii) the aggregate amount of such Bank's Tranche 2 Converted Term
         Loans on the Fifth Amendment Effective Date (after giving effect to
         this Amendment) and (iii) such Bank's Revolving Percentage of the
         Revolving Loan Cap Amount (as defined after giving effect to this
         Amendment) on the Fifth Amendment Effective Date.

              (x)    the Borrower shall have paid to each Bank which executes
         and delivers to the Administrative Agent a counterpart of this
         Amendment on or before 5:00 p.m. (New York time) on February 27, 2002,
         a fee equal to 0.25% of the sum of (i) the aggregate principal amount
         of such Bank's outstanding Term Loans on the Fifth Amendment Effective
         Date, (ii) the aggregate principal amount of such Bank's Tranche 2
         Converted Term Loans on the Fifth Amendment Effective Date (after
         giving effect to this Amendment) and (iii) such Bank's Revolving Loan
         Commitment on the Fifth Amendment Effective Date (after giving effect
         to the reduction thereto pursuant to this Amendment); and

                                    -23-

<Page>

              (xi)   the Borrower shall have paid to the Administrative Agent
         and the Banks all fees, costs and expenses (including, without
         limitation, legal fees and expenses) payable to the Administrative
         Agent and the Banks to the extent then due.

         Unless the Administrative Agent has received actual notice from any
         Bank that the conditions contained above have not been met, upon the
         Administrative Agent's good faith determination that the conditions
         described above have been met, the Fifth Amendment Effective Date shall
         be deemed to have occurred, regardless of any subsequent determination
         that one or more of the conditions thereto had not been met (although
         the occurrence of the Fifth Amendment Effective Date shall not release
         any Credit Party or any Tranche 3 Guarantor from any liability for
         failure to satisfy one or more of the applicable conditions specified
         above).

                  5.    In order to induce the Banks to enter into this
Amendment, the Borrower hereby represents and warrants that (i) the
representations, warranties and agreements contained in Section 6 of the
Credit Agreement are true and correct in all material respects on and as of
the Fifth Amendment Effective Date, both before and after giving effect to
this Amendment and (ii) there exists no Default or Event of Default on the
Fifth Amendment Effective Date, after giving effect to the waivers and
amendments contained in this Amendment.

                  6.    From and after the Fifth Amendment Effective Date, all
references in the Credit Agreement and each of the Credit Documents to the
Credit Agreement shall be deemed to be references to the Credit Agreement as
amended hereby.

                                    * * *

                                    -24-

<Page>

                  IN WITNESS WHEREOF, each of the parties hereto has caused a
counterpart of this Amendment to be duly executed and delivered as of the date
first above written.

                                              CONSOLIDATED CONTAINER HOLDINGS
                                              LLC

                                              By /s/ Tyler L. Woolson
                                                 --------------------------
                                                  Title: Chief Financial Officer

<Page>

                                              CONSOLIDATED CONTAINER COMPANY
                                              LLC

                                              By: Consolidated Container
                                                  Holdings LLC, as its Sole
                                                  Member and Manager

                                              By /s/ Tyler L. Woolson
                                                 --------------------------
                                                  Title: Chief Financial Officer

<Page>

                                                BANKERS TRUST COMPANY,
                                                 Individually, as Administrative
                                                 Agent and as Collateral Agent

                                                By /s/ Marco Orlando
                                                   --------------------------
                                                    Title: Director

<Page>

                                                JPMORGAN CHASE BANK (successor
                                                by merger to Morgan Guaranty
                                                Trust Company of New York),
                                                  Individually and as
                                                  Documentation Agent

                                                By /s/ Kathryn A. Duncan
                                                   --------------------------
                                                    Title: Vice President

<Page>

                                                CREDIT SUISSE FIRST BOSTON
                                                (formally known as Donaldson,
                                                Lufkin & Jenrette Securities
                                                Corporation), Individually and
                                                as Syndication Agent

                                                By /s/ Paul J. Corona
                                                   --------------------------
                                                    Title: Director

                                                By /s/ Willaim S. Lutkins
                                                   --------------------------
                                                    Title: Director

<Page>

                                             ATHENA CDO, LIMITED

                                             By /s/ Mohan V. Phansalkar
                                                --------------------------
                                                 Title: Executive Vice President

<Page>

                                                BANCO POPULAR DE PUERTO RICO

                                                By /s/ Raul Cacho
                                                   --------------------------
                                                    Title: Vice President

                                                By /s/ Hector Vina
                                                   --------------------------
                                                    Title: Vice President

<Page>

                                                    BANK AUSTRIA CREDITANSTALT

                                                    By /s/ Francesco Ossino
                                                       -----------------------
                                                        Title: Director

                                                    By /s/ Timothy L. Harrod
                                                       -----------------------
                                                        Title: Managing Director

<Page>

                                                    BANK OF MONTREAL

                                                    By /s/ Geoffrey R. McConnell
                                                       -----------------------
                                                        Title: Director

<Page>

                                                     THE BANK OF NEW YORK

                                                     By /s/ David T. Sunderwirth
                                                        -----------------------
                                                         Title: Vice President

<Page>

                                                      THE BANK OF NOVA SCOTIA

                                                      By /s/ N. Bell
                                                         -----------------------
                                                          Title: Assistant Agent

<Page>

                                                   BANK POLSKA KASA OPIEKI, S.A.

                                                   By /s/ William G. Reynolds
                                                      -----------------------
                                                       Title: Vice President

<Page>

                                             BEDFORD CDO, LIMITED

                                             By /s/ Mohan V. Phansalkar
                                                -----------------------
                                                 Title: Executive Vice President

<Page>

                                                      CAPTIVA III FINANCE, LTD.

                                                      By /s/ David Dyer
                                                         -----------------------
                                                          Title: Director

<Page>

                                                      CAPTIVA IV FINANCE, LTD.

                                                      By /s/ David Dyer
                                                         -----------------------
                                                          Title: Director

<Page>

                                        DZ BANK AG DEUTSCHE ZENTRAL-
                                        GENOSSENSCHAFTSBANK, FRANKFURT
                                        AM MAIN, (successor by merger to DG BANK
                                        DEUTSCHE GENOSSENSCHAFTSBANK AG), as a
                                        Lender

                                        By /s/ Bernd Franke
                                           ----------------------------------
                                            Title: Vice President

                                        By /s/ Ronald Matossian
                                           ----------------------------------
                                            Title: Vice President

<Page>

                                               THE DAI-ICHI KANGYO BANK, LIMITED

                                               By /s/  Christopher Fahey
                                                  ------------------------------
                                                   Title: Vice President

<Page>

                                           ERSTE BANK DER OESTERREINCHISCHEN
                                           SPARKASSEN

                                           By /s/ Brandon A. Meyerson
                                              ------------------------------
                                               Title: Vice President
                                                      Erste Bank New York Branch

                                           By /s/ John S. Runnion
                                              ------------------------------
                                               Title: Vice President
                                                      Erste Bank New York Branch

<Page>

                                               FLEET NATIONAL BANK, N.A.

                                               By /s/ Marwan Isbaih
                                                  ------------------------------
                                                   Title: Director

<Page>

                                               FIRSTRUST BANK

                                               By /s/ Kent Nelson
                                                  ------------------------------
                                                   Title: Vice President

<Page>

                                            GENERAL ELECTRIC CAPITAL
                                            CORPORATION

                                            By /s/ W. Jerome McDermott
                                               --------------------------
                                                Title: Duly Authorized Signatory

<Page>

                                                GRAYSTON CLO 2001-1 LTD.

                                                By /s/ Niall D. Rosenzwerg
                                                   --------------------------
                                                    Title: Associate Director

<Page>

                                                BAYERESCHE HYPO-UND VEREINSBANK
                                                AG, NEW YORK BRANCH

                                                By /s/ Francesco Ossino
                                                   --------------------------
                                                    Title: Director

                                                By /s/ Timothy L. Harrod
                                                   --------------------------
                                                    Title: Managing Director

<Page>

                                                THE INDUSTRIAL BANK OF JAPAN,
                                                LIMITED

                                                By /s/ Akihiko Mabuchi
                                                   --------------------------
                                                    Title: Senior Vice President

<Page>

                                                THE GOVERNOR AND COMPANY OF THE
                                                BANK OF IRELAND

                                                By /s/ G. Hannon
                                                   --------------------------
                                                    Title: Authorized Signatory

                                                By /s/ Mary Connolly
                                                   --------------------------
                                                    Title: Authorized Signatory

<Page>

                                                KZH CRESCENT LLC

                                                By /s/ Anthony Iarrobino
                                                   --------------------------
                                                    Title: Authorized Agent

<Page>

                                                KZH CRESCENT-2 LLC

                                                By /s/ Anthony Iarrobino
                                                   --------------------------
                                                    Title: Authorized Agent

<Page>

                                                KZH CRESCENT-3 LLC

                                                By /s/ Anthony Iarrobino
                                                   --------------------------
                                                    Title: Authorized Agent

<Page>

                                                KZH PONDVIEW LLC

                                                By /s/ Anthony Iarrobino
                                                   --------------------------
                                                    Title: Authorized Agent

<Page>

                                                HAMILTON CDO, LTD
                                                  By: Stanfield Capital Partners
                                                       LLC as its Collateral
                                                       Manager

                                                By /s/ Christopher A. Bondy
                                                   --------------------------
                                                    Title: Partner

<Page>

                                                KZH WATERSIDE LLC

                                                By /s/ Anthony Iarrobino
                                                   --------------------------
                                                    Title: Authorized Agent

<Page>

                                               THE MITSUBISHI TRUST AND BANKING
                                               CORPORATION

                                               By /s/ Hiroyuki Tsuru
                                                  --------------------------
                                                   Title: Deputy General Manager

<Page>

                                                NATIONAL CITY BANK

                                                By /s/ Andrew Pernsteiner
                                                   --------------------------
                                                    Title: Account Officer

<Page>

                                       NATEXIS BANQUE POPULAIRES

                                       By /s/ Frank H. Maden, Jr.
                                          --------------------------
                                           Title: Vice President & Group Manager

                                       By /s/ Christian Giordano
                                          --------------------------
                                           Title: Vice President

<Page>

                                                 NORTH AMERICAN SENIOR FLOATING
                                                 RATE FUND INC.
                                                  By: Stanfield Capital Partners
                                                      LLC as subadvisor

                                                By /s/ Christopher A. Bondy
                                                   --------------------------
                                                    Title: Partner

<Page>

                                                TCW LEVERAGE INCOME TRUST, L.P.
                                                By: TCW Advisors (Bermuda),
                                                Ltd., as General Partner

                                                By /s/ Mark L. Gold
                                                   --------------------------
                                                Title: Managing Director

                                                By: TCW Investment Management
                                                Company, as Investment Advisor

                                                By /s/ G. Steven Kalin
                                                   --------------------------
                                                Title: Vice President

<Page>

                                                OAK BROOK BANK

                                                By /s/ Henry Wessel
                                                   --------------------------
                                                    Title: Vice President

<Page>

                                                SENIOR DEBT PORTFOLIO
                                                By: Boston Management and
                                                Research as Investment Advisor

                                                By /s/ Payson F. Swaffield
                                                   --------------------------
                                                    Title: Vice President

<Page>

                                                SEQUILS I, LTD.
                                                By: TCW Advisors, Inc. as its
                                                Collateral Manager

                                                By /s/ Mark L. Gold
                                                   --------------------------
                                                    Title: Managing Director

                                                By /s/ G. Steven Kalin
                                                   --------------------------
                                                    Title: Vice President

<Page>

                                                SEQUILS IV, LTD.
                                                By: TCW Advisors, Inc. as its
                                                Collateral Manager

                                                By /s/ Mark L. Gold
                                                   --------------------------
                                                    Title: Managing Director

                                                By /s/ G. Steven Kalin
                                                   --------------------------
                                                    Title: Vice President

<Page>

                                                STANFIELD ARBITRAGE CDO, LTD.
                                                 By: Stanfield Capital Partners
                                                     LLC as its Collateral
                                                     Manager

                                                By /s/ Christopher A. Bondy
                                                   --------------------------
                                                    Title: Partner

<Page>

                                                SUMITOMO TRUST & BANKING CO.,
                                                LTD.

                                                By /s/ Elizabeth A. Quirk
                                                   --------------------------
                                                    Title: Vice President

<Page>

                                                TCW LEVERAGED INCOME TRUST II
                                                L.P.
                                                By: TCW Advisors (Bermuda),
                                                Ltd., as General Partner

                                                By /s/ Mark L. Gold
                                                   --------------------------
                                                    Title: Managing Director

                                                By: TCW Investment Management
                                                Company, as Investment Advisor

                                                By /s/ G. Steven Kalin
                                                   --------------------------
                                                    Title: Vice President

<Page>

                                                TORONTO DOMINION (NEW YORK),
                                                INC.

                                                By /s/ Stacey Malek
                                                   --------------------------
                                                    Title: Vice President

<Page>

                                                WEBSTER BANK

                                                By /s/ Scott Roth
                                                   --------------------------
                                                    Title: Vice President

<Page>

                                                TCW LEVERAGED INCOME TRUST IV,
                                                L.P.

                                                By: TCW (LINC IV), L.L.C.,
                                                as General Partner

                                                By: TCW ASSET MANAGEMENT COMPANY
                                                as managing member of the
                                                General Partner

                                                By /s/ Mark L. Gold
                                                   --------------------------
                                                    Title: Managing Director

                                                By /s/ G. Steven Kalin
                                                   --------------------------
                                                    Title: Vice President

<Page>

                                                WINDSOR LOAN FUNDING, LIMITED
                                                 By: Stanfield Capital Partners
                                                     LLC as its Investment
                                                     Manager

                                                By /s/ Christopher A. Bondy
                                                   --------------------------
                                                    Title: Partner

<Page>

                                             ADDISON CDO, LIMITED (ACCT 1279)
                                             By: Pacific Investment
                                             Management Company LLC, as its
                                             Investment Advisor

                                             By /s/ Mohan V. Phansalkar
                                                --------------------------
                                                 Title: Executive Vice President

<Page>

                                             DELANO COMPANY (ACCT 274)

                                             By: Pacific Investment
                                             Management Company LLC, as its
                                             Investment Advisor

                                             By /s/ Mohan V. Phansalkar
                                                --------------------------
                                                 Title: Executive Vice President

<Page>

                                             JISSEKIKUN FUNDING, LTD. (ACCT
                                             1288)

                                             By: Pacific Investment
                                             Management Company LLC, as its
                                             Investment Advisor

                                             By /s/ Mohan V. Phansalkar
                                                --------------------------
                                                 Title: Executive Vice President

<Page>

                                                CAPTIVA II FINANCE LTD.

                                                By /s/ Paul Cope
                                                   --------------------------
                                                    Title: Director

<Page>

                                                APEX (IDM) CDO I, LTD.

                                                By /s/ Glen Duffy
                                                   --------------------------
                                                    Title: Director

<Page>

                                                ELC (CAYMAN) LTD. 2000-1

                                                By /s/ Glen Duffy
                                                   --------------------------
                                                    Title: Director

<Page>

                                                TRYON CLO LTD. 2000-1

                                                By /s/ Glen Duffy
                                                   --------------------------
                                                    Title: Director

<Page>

                                                PROMETHEUS INVESTMENT FUNDING
                                                NO. 1 LTD.

                                                By: CPF Asset Advisory, L.P.
                                                As Investment Manager

                                                By /s/ Francesco Ossino
                                                   --------------------------
                                                    Title: Director

                                                By /s/ Timothy L. Harrod
                                                   --------------------------
                                                    Title: Managing Director

<Page>

Acknowledged and Agreed to by:

 FRANKLIN PLASTICS HOLDINGS LLC

 By /s/ Louis Lettes
    -----------------------------------
     Title: Vice President, General Counsel

 REID PLASTICS GROUP LLC

 By /s/ Louis Lettes
    -----------------------------------
     Title: Vice President, General Counsel

 CONSOLIDATED CONTAINTER CAPITAL, INC.

 By /s/ Louis Lettes
    -----------------------------------
     Title: Vice President, General Counsel

 PLASTIC CONTAINERS LLC

 By /s/ Louis Lettes
    -----------------------------------
     Title: Vice President, General Counsel

 CONTINENTAL PLASTIC CONTAINERS LLC

 By /s/ Louis Lettes
    -----------------------------------
     Title: Vice President, General Counsel

 CONTINENTAL CARRIBEAN CONTAINERS, INC.

 By /s/ Louis Lettes
    -----------------------------------
     Title: Vice President, General Counsel

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}]]