Document:

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                                                                   Exhibit 10.6

NEITHER THIS CONVERTIBLE PROMISSORY NOTE NOR THE VOTING COMMON STOCK INTO WHICH
IT IS CONVERTIBLE HAS BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS. THEY MAY NOT BE SOLD, OFFERED
FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN
EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT AND APPLICABLE LAWS OR
SOME OTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND
APPLICABLE LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH
REGISTRATION IS NOT REQUIRED.

                            PINNACLE TOWERS IV INC.
                          CONVERTIBLE PROMISSORY NOTE

$9,600,000                                                      August 17, 2000

         PINNACLE TOWERS IV INC., a Florida corporation (the "Company"), the
principal office of which is located at 301 North Cattlemen Road, Suite 300,
Sarasota, Florida 34232, for value received hereby promises to pay to Pinnacle
Towers Inc., or its registered assigns, the sum of Nine Million Six Hundred
Thousand Dollars ($9,600,000), or such lesser amount as shall then equal the
outstanding principal amount hereof and any unpaid accrued interest hereon, as
set forth below. The outstanding principal under this Note shall be due and
payable in full within 30 days of the date demand is made therefor by the
Holder. Demand under this Note shall be given by the Holder to the Company by
written notice thereof in accordance with Section 11 below. Payment for all
amounts due hereunder shall be made at the Company's option by either wire
transfer or by mail to the registered address of the Holder.

         The following is a statement of the rights of the Holder of this Note
and the conditions to which this Note is subject, and to which the Holder
hereof, by the acceptance of this Note, agrees:

         1.       Definitions. As used in this Note, the following terms,
unless the context otherwise requires, have the following meanings:

                  (a)      "Company" includes any corporation which shall
succeed to or assume the obligations of the Company under this Note.

                  (b)      "Holder," when the context refers to a holder of
this Note, shall mean any Person who shall at the time be the registered holder
of this Note.

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                  (c)      "Person" means any individual, Company, partnership,
joint venture, trust, unincorporated organization or government or any agency
or political subdivision thereof.

         2.       Interest. Commencing on September 30, 2000, and on each
December 31, March 31, June 30 and September 30 thereafter until all
outstanding principal and interest on this Note shall have been paid in full,
the Company shall pay interest at the rate of thirteen percent (13%) per annum
(the "Initial Interest Rate") on the principal of this Note outstanding during
the period beginning on the date of issuance of this Note and ending on the
date that the principal amount of this Note becomes due and payable. In the
event that the principal amount of this Note is not paid in full when such
amount becomes due and payable, interest at the same rate as the Initial
Interest Rate plus two percent (2%) shall continue to accrue on the balance of
any unpaid principal until such balance is paid.

         3.       Conversion.

                  3.1      Conversion. Any Holder of this Note has the right,
at the Holder's option (the "Option"), at any time prior to payment in full of
the principal balance of this Note, to convert this Note, in accordance with
the provisions of Section 3.2 hereof, in whole or in part, into fully paid and
nonassessable shares of the Company's Voting Common Stock, par value $0.001 per
share or Nonvoting Common Stock, par value $0.001 per share (the "Common
Stock"), at the option of the Holder from time to time. The number of shares of
Common Stock into which this Note may be converted ("Conversion Shares") shall
be determined by dividing the aggregate principal amount of this Note together
with all accrued interest to the date of conversion elected to be converted by
the Holder by the Conversion Price (as defined below) in effect at the time of
such conversion. The initial Conversion Price shall be equal to $25 (the
"Conversion Price").

                  3.2      Notice of Conversion Pursuant to Section 3.1. Before
the Holder shall be entitled to convert this Note into shares of Common Stock,
it shall surrender this Note at the office of the Company and shall give
written notice to the Company at its principal corporate office of the election
to convert all or a portion of the same pursuant to this Section 3 ("Notice of
Conversion"), and shall state therein the amount of the Note to be converted
and the name or names in which the certificate or certificates for shares of
Common Stock are to be issued. Such conversion shall be deemed to have been
made immediately prior to the close of business on the date of such surrender
of the Note, and the Person or Persons entitled to receive the shares of Common
Stock issuable upon such conversion shall be treated for all purposes as the
record holder or holders of such shares of Common Stock as of such date.

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                  3.3      Mechanics and Effect of Conversion. No fractional
shares of Common Stock shall be issued upon conversion of this Note. In lieu of
the Company issuing any fractional shares to the Holder upon the conversion of
this Note, the Company shall pay to the Holder the amount of outstanding
principal that is not so converted, such payment to be in the form as provided
below. Upon the conversion of this Note pursuant to Section 3.1 above, the
Holder shall surrender this Note, duly endorsed, at the principal office of the
Company. At its expense, the Company shall, as soon as practicable thereafter,
issue and deliver to such Holder at such principal office a certificate or
certificates for the number of shares of such Common Stock to which the Holder
shall be entitled upon such conversion (bearing such legends as are required by
applicable state and federal securities laws in the opinion of counsel to the
Company), together with any other securities and property to which the Holder
is entitled upon such conversion under the terms of this Note, including a
check payable to the Holder for any cash amounts payable as described above and
a replacement Note representing any amount of the Note not converted. Upon the
complete conversion of all of this Note, the Company shall be forever released
from all its obligations and liabilities under this Note, except that the
Company shall be obligated to pay the Holder, within ten (10) days after the
date of such conversion, any interest accrued and unpaid or unconverted to and
including the date of such conversion, and no more.

         4.       Prepayment. Prepayment of the principal of this Note is
permitted, in whole or in part, without premium or penalty of any kind;
provided the Company provides the Holder with thirty (30) days' prior written
notice (unless notice is waived in writing by the Holder) of its intention to
prepay the principal of this Note, in whole or in part, during which time the
Holder may exercise the Option by delivering to the Company the Notice of
Conversion.

         5.       Conversion Price Adjustments.

                  5.1      Adjustments for Stock Splits and Subdivisions. In
the event the Company should at any time or from time to time after the date of
issuance hereof fix a record date for the effectuation of a split or
subdivision of the outstanding shares of Common Stock or the determination of
holders of Common Stock entitled to receive a dividend or other distribution
payable in additional shares of Common Stock or other securities or rights
convertible into, or entitling the holder thereof to receive directly or
indirectly, additional shares of Common Stock (hereinafter referred to as
"Common Stock Equivalents") without payment of any consideration by such holder
for the additional shares of Common Stock or the Common Stock Equivalents
(including the additional shares of Common Stock issuable upon conversion or
exercise thereof), then, as of such record date (or the date of such dividend
distribution, split or subdivision if no record date is fixed), the Conversion
Price of this Note shall be appropriately decreased so that the number of
shares of

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Common Stock issuable upon conversion of this Note shall be increased in
proportion to such increase of outstanding shares.

                  5.2      Adjustments for Reverse Stock Splits. If the number
of shares of Common Stock outstanding at any time after the date hereof is
decreased by a combination of the outstanding shares of Common Stock, then,
following the record date of such combination, the Conversion Price for this
Note shall be appropriately increased so that the number of shares of Common
Stock issuable on conversion hereof shall be decreased in proportion to such
decrease in outstanding shares.

                  5.3      Notices of Record Date, etc. In the event of:

                           (a)      Any taking by the Company of a record of
the holders of any class of securities of the Company for the purpose of
determining the holders thereof who are entitled to receive any dividend (other
than a cash dividend payable out of earned surplus at the same rate as that of
the last such cash dividend theretofore paid) or other distribution, or any
right to subscribe for, purchase or otherwise acquire any shares of stock of
any class or any other securities or property, or to receive any other right;
or

                           (b)      Any capital reorganization of the Company,
any reclassification or recapitalization of the capital stock of the Company or
any transfer of all or substantially all of the assets of the Company to any
other Person or any consolidation or merger involving the Company; or

                           (c)      Any voluntary or involuntary dissolution,
liquidation or windingup of the Company, the Company will mail to the holder of
this Note at least seven (7) days prior to the earliest date specified therein,
a notice specifying:

                                    (i)         The date on which any such
record is to be taken for the purpose of such dividend, distribution or right,
and the amount and character of such dividend, distribution or right; and

                                    (ii)        The date on which any such
reorganization, reclassification, transfer, consolidation, merger, dissolution,
liquidation or windingup is expected to become effective and the record date
for determining shareholders entitled to vote thereon.

                  5.4      Reservation of Stock Issuable Upon Conversion. The
Company shall at all times reserve and keep available out of its authorized but
unissued shares of Common Stock solely for the purpose of effecting the
conversion of this Note such number of its shares of Common Stock as shall from
time to time be sufficient to effect the conversion of the Note; and if at any
time the number of authorized but unissued shares of Common Stock shall not be
sufficient to effect the

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conversion of the entire outstanding principal amount of this Note, in addition
to such other remedies as shall be available to the holder of this Note, the
Company will use its best efforts to take such corporation action as may, in
the opinion of its counsel, be necessary to increase its authorized but
unissued shares of Common Stock to such number of shares as shall be sufficient
for such purposes.

         6.       Representations and Warranties of the Holder.

                  (a)      The Holder by its acceptance of this Note
acknowledges that it is aware that this Note and the shares of Common Stock
issuable to it by the Company upon conversion of this Note have not been
registered under the Securities Act of 1933, as amended ("Act"), or the
securities laws of any state or other jurisdiction.

                  (b)      The Holder warrants and represents to the Company
that it has acquired this Note, and, upon conversion of the Note, it will be
acquiring the Common Stock, for investment and not with a view to or for sale
in connection with any distribution of this Note or such Common Stock or with
any intention of distributing or selling this Note or such Common Stock.

                  (c)      The Holder has no right to demand that the Company
register this Note or the shares of Common Stock issued or issuable under this
Note.

         7.       Assignment. Subject to the restrictions on transfer described
in Section 11 below, the rights and obligations of the Company and the Holder
of this Note shall be binding upon and benefit the successors, assigns, heirs,
administrators and transferees of the parties.

         8.       Waiver and Amendment. Any provision of this Note may be
amended, waived or modified upon the written consent of the Company and the
Holder.

         9.       Transfer of This Note or Securities Issuable on Conversion
Hereof. With respect to any offer, sale or other disposition of this Note or
securities into which such Note may be converted, the Holder will give written
notice to the Company prior thereto, describing briefly the manner thereof,
together with a written opinion of such Holder's counsel, to the effect that
such offer, sale or other distribution may be effected without registration or
qualification (under any federal or state law then in effect). Promptly upon
receiving such written notice and reasonably satisfactory opinion, if so
requested, the Company, as promptly as practicable, shall notify such Holder
that such Holder may sell or otherwise dispose of this Note or such securities,
all in accordance with the terms of the notice delivered to the Company. If a
determination has been made pursuant to this Section 9 that the opinion of
counsel for the Holder is not reasonably satisfactory to the Company, the
Company shall so notify the Holder promptly after such determination has been
made. Each Note thus transferred and each certificate

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representing the securities thus transferred shall bear a legend as to the
applicable restrictions on transferability in order to ensure compliance with
the Act, unless in the opinion of counsel for the Company such legend is not
required. The Company may issue stop transfer instructions to its transfer
agent in connection with such restrictions.

         10.      Treatment of Note. To the extent permitted by generally
accepted accounting principles, the Company will treat, account and report the
Note as debt and not equity for accounting purposes and with respect to any
returns filed with federal, state or local tax authorities.

         11.      Notices. Any notice, request or other communication required
or permitted hereunder shall be in writing and shall be deemed to have been
duly given if personally delivered or if (and then two business days after)
mailed by registered or certified mail, postage prepaid, at the respective
addresses of the parties as set forth herein. Any party hereto may by notice so
given change its address for future notice hereunder.

         12.      No Shareholder Rights. Nothing contained in this Note shall
be construed as conferring upon the Holder or any other Person the right to
vote or to consent or to receive notice as a shareholder in respect of meetings
of shareholders for the election of directors of the Company or any other
matters or any rights whatsoever as a shareholder of the Company; and no
dividends or interest shall be payable or accrued in respect of this Note or
the interest represented hereby or the Conversion Shares obtained hereunder
until, and only to the extent that, this Note shall have been converted.

         13.      Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Florida, excluding that
body of law relating to conflict of laws.

         14.      Heading; References. All headings used herein are used for
convenience only and shall not be used to construe or interpret this Note.
Except where otherwise indicated, all references herein to Sections refer to
Sections hereof.

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         IN WITNESS WHEREOF, the Company has caused this Note to be issued this
17th day of August, 2000.

                                         PINNACLE TOWERS IV INC.

                                         By
                                           ------------------------------------
                                                 Steven R. Day, Vice President

                                         Name of Holder:
                                                        -----------------------
                                         Address:
                                                 ------------------------------

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

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                                                                    EXHIBIT 4.14

                   AMENDMENT NO. 2 TO INTERCREDITOR AGREEMENT

         THIS AMENDMENT NO. 2 TO INTERCREDITOR AGREEMENT ("Amendment"), dated as
of October 16, 2000 (the "Amendment"), is by and between The Bank of New York
("BoNY") and Bank of America, National Association ("Bank of America").

         A.       Bankers Trust Company ("BTC"), as the Note Agent, and BT
Commercial Corporation ("BTCC"), as the Credit Agent and the Shared Collateral
Agent, entered into that certain Intercreditor Agreement, dated as of February
5, 1997.

         B.       Pursuant to the terms of that certain Amendment No. 1 to
Intercreditor Agreement, dated as of April 17, 1997 (the "First Amendment"),
between BoNY and BTCC, BoNY replaced BTC as the Note Agent (the First Amendment
and the Intercreditor Agreement referred to in Recital A hereof shall be
referred to collectively hereinafter as the "Intercreditor Agreement").

         C.       Concurrently herewith it is proposed that Bank of America
enter into that certain Loan and Security Agreement (as such agreement may be
amended, restated, or otherwise modified from time to time, the "Loan
Agreement"), with Anchor Glass Container Corporation (the "Borrower") and
certain lending institutions (including, without limitation, Bank of America) as
the "Lenders" (as defined therein).

         D.       It is proposed that pursuant to the terms of the Intercreditor
Agreement, upon execution and delivery of the Loan Agreement and the
effectiveness of this Amendment, Bank of America shall replace BTCC as the
Credit Agent.

         E.       It is proposed that pursuant to the terms of the Intercreditor
Agreement, upon execution and delivery of the Loan Agreement and the
effectiveness of this Amendment, BoNY shall replace BTCC as the Shared
Collateral Agent.

         F.       The parties hereto wish to amend the Intercreditor Agreement
on the terms and conditions set forth below:

         NOW, THEREFORE, in consideration of the premises, and in order to
induce Bank of America to enter into the Loan Agreement and to become the Credit
Agent pursuant to the terms of the Intercreditor Agreement, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:

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                                    ARTICLE I

                                   Definitions

         Section I.1 Definitions. Unless otherwise defined herein, all
capitalized terms and phrases used in this Amendment shall have the meanings as
are specifically set forth for such terms and phrases in the Intercreditor
Agreement.

                                   ARTICLE II

                                   Amendments

         Section II.1 Amendment of Definitions in Section 1 of the Intercreditor
Agreement. Effective as of the date hereof, each of the following defined terms
contained in Section 1 of the Intercreditor Agreement are amended and restated
in their entirety to read as follows:

                  "Bank Creditors" means the Credit Agent and the Lenders.

                  "Borrower" has the meaning set forth in the Recitals, and
         includes any successor thereto, including, without limitation, Anchor
         Glass Container Corporation.

                  "BT Account" means a deposit account, maintained by the
         Borrower with the Credit Agent, into which available funds in the
         Concentration Account are transferred in accordance with the terms of
         the BTCC Credit Agreement.

                  "BTCC" means BT Commercial Corporation or any successor
         thereto, including, without limitation, Bank of America, National
         Association.

                  "BTCC Credit Agreement Security Documents" means,
         collectively, any and all documents executed in connection with the
         BTCC Credit Agreement or in furtherance thereof (including, without
         limitation, the BTCC Credit Agreement), pursuant to which the Borrower
         grants to the Credit Agent, for the benefit of the Credit Agent and the
         Lenders, a Lien on the Lenders' Collateral, as the same may be amended,
         modified, or supplemented from time to time.

                  "Cash Collateral Account of the BTCC Credit Agreement" means a
         non-interest bearing cash collateral account maintained with, and in
         the sole dominion and control of the Collateral Agent for the benefit
         of the Lenders, established pursuant to the BTCC Credit Agreement.

                  "Collateral Agent" means BTCC or any successor thereof under
         the BTCC Credit Agreement as agent for the Lenders.

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                  "Collateral Agent's Lien" means the Liens of the Collateral
         Agent in the BTCC Collateral pursuant to the BTCC Credit Agreement
         Security Documents.

                  "Concentration Account" means an account established pursuant
         to a Concentration Account Agreement entered into between the Borrower
         and the Collateral Agent and into which all available amounts held in
         the Collection Accounts shall be transferred each Business Day.

                  "Concentration Account Agreement" means an agreement entered
         into between the Borrower and the Collateral Agent establishing a
         Concentration Account.

                  "Disbursement Account" means a checking account opened by the
         Borrower with the Credit Agent for general purposes, including the
         purpose of paying trade payables and other operating expenses.

                  "Hedging Obligations" means, collectively, at any time, all
         debts, liabilities, and obligations of the Borrower, whether now or
         hereafter existing, incurred in connection with any Hedge Agreement (as
         such term is defined in the BTCC Credit Agreement) entered into with
         the Credit Agent or any Lender.

                  "Interest Rate Creditors" means the Credit Agent acting in its
         individual capacity, any Lender or a syndicate of financial
         institutions organized by the Credit Agent or an affiliate of the
         Credit Agent (even if the Credit Agent or any such Lender ceases to be
         a Lender under the BTCC Credit Agreement for any reason), and any
         institution that participates, and in each case their subsequent
         assigns, in one or more interest rate agreements (including, without
         limitation, interest rate swaps, caps, collars, and similar agreements
         permitted by the BTCC Credit Agreement).

         Section  II.2     Amendment to Section 3.1 of the Intercreditor
Agreement. Effective as of the date hereof, Section 3.1(a) of the Intercreditor
Agreement is hereby amended and restated in its entirety to read as follows:

                  (a)      The Lenders' Liens in all that Anchor Property set
         forth and described on Exhibit A hereto (the "Bank Collateral") shall
         be first priority Liens in such Property, superior to any Senior
         Noteholders' Liens in such Property, and the Senior Noteholders' Liens
         in such Property, if any, shall be subordinate to the Lenders' Liens in
         such Property.

         Section II.3      Amendment to Section 3.4 of the Intercreditor
Agreement. Effective as of the date hereof, Section 3.4(b) of the Intercreditor
Agreement is hereby amended and restated in its entirety to read as follows:

                  (b)      the Note Agent, any Senior Noteholder, or the Shared
         Collateral Agent obtains possession of any of the Lenders' Collateral
         or receives any Proceeds

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         from any Remedial Action with respect to Lenders' Collateral or
         Disposition of Lenders' Collateral described in Section 3.3 hereof or
         as a result of its Lien on any Lenders' Collateral at any time prior to
         payment in full of all BTCC Credit Agreement Obligations; or

Additionally, the phrase "Credit Agreement Obligations" contained in the portion
of Section 3.4 following clause (c) thereof is amended to read "BTCC Credit
Agreement Obligations".

         Section II.4      Amendment to Section 3.5 of the Intercreditor
Agreement. Effective as of the date hereof, Section 3.5 of the Intercreditor
Agreement is hereby amended as follows: (a) clause (i) thereof is amended and
restated in its entirety to read "(i) in the case of Bank Collateral, applied in
accordance with the requirements set forth in the BTCC Credit Agreement" and (b)
the word "he" contained therein shall be amended to read "be".

         Section II.5      Amendment to Section 4.1 of the Intercreditor
Agreement. Effective as of the date hereof, the word "obligations" at the end of
Section 4.1(a) of the Intercreditor Agreement is hereby amended to read
"Obligations."

         Section II.6      Amendment to Section 5.1 of the Intercreditor
Agreement. Effective as of the date hereof, Section 5.1(a) of the Intercreditor
Agreement is hereby amended and restated in its entirety to read as follows:

                  (a)      Subject to the resignation and removal provisions of
         Section 5.5 hereof, the Credit Agent hereby irrevocably designates,
         appoints, and authorizes the Note Agent as Shared Collateral Agent
         hereunder (the Note Agent in such capacity being hereinafter referred
         to as the "Shared Collateral Agent") upon the written instruction of
         the Credit Agent to take such action, including, without limitation,
         the exercise of rights and the pursuit of remedies pursuant to this
         Agreement and the Shared Collateral Security Documents, as agent on its
         behalf and to exercise such other powers under this Agreement and the
         Shared Collateral Security Documents as are expressly delegated to the
         Shared Collateral Agent by the terms hereof and thereof, together with
         such powers as are reasonably incidental thereto.

Additionally, the last sentence of Section 5.4(e) is hereby amended and restated
in its entirety to read as follows:

         The obligations of the Credit Agent under this Section 5.4 shall in no
         event exceed the amounts actually paid to and received by the Credit
         Agent from the Borrower to reimburse the Credit Agent for such
         obligations plus the proceeds of Shared Collateral received by the
         Credit Agent and available to pay such obligations in accordance with
         the terms of the BTCC Credit Agreement and the BTCC Credit Agreement
         Security Documents.

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         Section II.7      Amendment to Section 6 of the Intercreditor
Agreement. Effective as of the date hereof, the phrase "BTCC Credit obligations"
contained in clause (i) of Section 6 of the Intercreditor Agreement is hereby
amended to read "BTCC Credit Obligations".

         Section II.8      Amendment to Section 7 of the Intercreditor
Agreement. Effective as of the date hereof, clause (a) of Section 7 of the
Intercreditor Agreement is hereby amended and restated in its entirety to read
as follows:

                  (a)      It is a duly organized and validly existing banking
         association under the laws of the United States of America, in the case
         of the Credit Agent, and is a duly organized and validly existing
         banking corporation under the laws of the State of New York, in the
         case of the Note Agent and the Shared Collateral Agent; has all
         requisite power and authority to execute, deliver, and perform under
         this Agreement; and the execution, delivery, and performance by it of
         this Agreement have been duly authorized by all requisite corporate or
         other action; and

         Section II.9      Amendment to Section 8.1 of the Intercreditor
Agreement. Effective as of the date hereof, the addresses for notice in Section
8.1 of the Intercreditor Agreement are hereby amended to read as follows:

                           If to the Credit Agent at:

                                    Bank of America, National Association
                                    231 South LaSalle Street
                                    Chicago, Illinois 60697
                                    Attention: Portfolio Manager

                           If to the Note Agent at:

                                    The Bank of New York
                                    101 Barclay Street
                                    New York, New York 10286
                                    Attention: Corporate Trust Administration

                           If to the Shared Collateral Agent at:

                                    The Bank of New York
                                    101 Barclay Street
                                    New York, New York 10286
                                    Attention: Corporate Trust Administration

         Section II.10     Amendment to Exhibit A of the Intercreditor
Agreement. Effective as of the date hereof, Exhibit A of the Intercreditor
Agreement is hereby amended as follows: (a) the word "and" following the
semicolon at the end of clause (i) thereof is deleted, (b) clause (j) thereof is
amended to read in its entirety "(j) all right, title, and interest of the
Borrower in that certain

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Replacement Promissory Note, dated October 16, 2000, in the original principal
amount of $17,330,021.37, made by G&G Investments, Inc. to the order of the
Borrower (the "Intercompany Note") and all right, title, and interest of the
Borrower in any capital stock or other equity ownership interest that the
Borrower may receive in satisfaction or repayment of the Intercompany Note, and
(c) a new clause (k) is added thereto which shall read in its entirety "(k) all
Proceeds and products of any and all of the foregoing."

         Section II.11     Agreement Regarding Certain References in the
Intercreditor Agreement. Effective as of the date hereof, BoNY and Bank of
America agree that (a) all references to BTCC in the Intercreditor Agreement
after the Recitals thereto shall constitute a reference to Bank of America as a
party to the Intercreditor Agreement in the context set forth therein, (b) all
references to the BTCC Credit Agreement after the Recitals thereto shall
constitute a reference to the Loan Agreement, and (c) any references to the
"Company" in the Intercreditor Agreement shall be a reference to the Borrower.

                                   ARTICLE III

                                   Amendments

         Section III.1     Representations and Warranties. To induce Bank of
America to assume the role of Credit Agent and to induce the Lenders to make
credit facilities available to the Borrower under the terms of the Loan
Agreement, BoNY represents to Bank of America that:

                  (a)      as of the date hereof, no Default or Event of Default
         has occurred and is continuing under the Intercreditor Agreement of
         which it has received written notice; and

                  (b)      as of the date hereof, the representations and
         warranties of the Note Agent set forth in Section 7 of the
         Intercreditor Agreement (as amended hereby) are true and correct with
         the same effect as though such representations and warranties had been
         made on the date hereof.

         Section III.2     Additional Representations and Warranties. Each of
BoNY and Bank of America represents as follows:

                  (a)      such party has full power and authority to enter into
         this Amendment and to incur and perform the obligations provided for
         under the Intercreditor Agreement and this Amendment, all of which have
         been duly authorized by all proper and necessary corporate action; no
         consent or approval of stockholders or of any public authority or
         regulatory body which has not been obtained is required as a condition
         to the validity or enforceability of this Amendment;

                  (b)      this Amendment and the Intercreditor Agreement (as
         modified by this Amendment) constitute the valid and legally binding
         obligations of each of the parties hereto (as provided therein) and are
         fully enforceable against each of the parties hereto in accordance with
         their respective terms; and

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                  (c)      the execution and performance of this Amendment, and
         the designation of Bank of America as the Credit Agent and BoNY as the
         Shared Collateral Agent under the Intercreditor Agreement (as modified
         by this Amendment), will not, (i) violate any provision of law, any
         order of any court or other agency of government, or the certificate of
         incorporation, bylaws, or other similar organizational documents of
         such entity, (ii) to the best knowledge of Shared Collateral Agent
         without independent investigation violate any indenture, contract,
         agreement, or other instrument to, or be in conflict with, result in a
         breach of or constitute (with due notice and or lapse of time) a
         default under, any such indenture, contract, agreement, or other
         instrument affecting such signatory, or (iii) to the best knowledge of
         Shared Collateral Agent without independent investigation result in the
         creation or imposition of any lien, charge, or encumbrance of any
         nature whatsoever relating to such signatory other than the Lenders'
         Liens in favor of Bank of America as Credit Agent under the
         Intercreditor Agreement.

                                   ARTICLE IV

                                   Conditions

         Section IV.1      Effectiveness of this Amendment. The amendments set
forth above shall become effective as of the date of the execution and delivery
of this Amendment and the satisfaction of all conditions precedent to the
effectiveness of the Loan Agreement.

         Section IV.2      No Material Adverse Change. Effectiveness of this
Amendment is subject to the condition that no event shall have occurred which
shall have had a material adverse effect on the financial condition or
operations of the Borrower.

                                    ARTICLE V

                                  Miscellaneous

         Section V.1       Effect on Intercreditor Agreement. Except as
specifically amended hereby, the terms and provisions of the Intercreditor
Agreement are in all other respects ratified and confirmed and remain in full
force and effect. No reference to this Amendment need be made in any notice,
writing, or other communication relating to the Intercreditor Agreement, any
such reference to the Intercreditor Agreement to be deemed a reference thereto
as amended by this Amendment. All references to the Intercreditor Agreement in
any document, instrument, or agreement executed in connection with the
Intercreditor Agreement shall be deemed to refer to the Intercreditor Agreement
as amended hereby.

         Section V.2       Successors and Assigns. This Amendment shall be
binding upon and inure to the benefit of each of the signatories hereto and
their respective successors and assigns.

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         Section V.3       Governing Law. This Amendment shall be construed in
accordance with and governed by the laws of the State of New York, without
regard to the conflict of laws principles thereof.

         Section V.4       Venue and Waiver of Jury Trial. The provisions of
Section 8.3 of the Intercreditor Agreement are incorporated herein and made a
part hereof and shall govern and apply to this Amendment as if set forth in full
herein.

         Section V.5       Counterparts. This Amendment may be executed in any
number of counterparts, each of which shall be deemed an original and all of
which taken together shall constitute one and the same Amendment.

                            (SIGNATURE PAGE FOLLOWS)

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         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed as of the date first above written.

                                     BANK OF AMERICA, NATIONAL ASSOCIATION,
                                     as the Credit Agent

                                     By: /s/ Stephen G. Bernardo
                                       ---------------------------------------
                                     Name: Stephen G. Bernardo
                                          ------------------------------------
                                     Title: Vice President
                                           -----------------------------------

                                     THE BANK OF NEW YORK, as the Note
                                     Agent and as the Shared Collateral Agent

                                     By: /s/ Julie Salovitch-Miller
                                         -------------------------------------
                                     Name: Julie Salovitch-Miller
                                          ------------------------------------
                                     Title: Vice President
                                           -----------------------------------

Acknowledged and Agreed:

ANCHOR GLASS CONTAINER CORPORATION

By: /s/ John J. Ghaznavi
    --------------------------------
Name: John J. Ghaznavi
     -------------------------------
Title: Chairman and CEO
      ------------------------------

SIGNATURE PAGE TO AMENDMENT NO. 2 TO INTERCREDITOR AGREEMENT

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