Document:

EXHIBIT 10.11

                       FORM OF STOCK RESTRICTION AGREEMENT

         The persons listed below have entered into the Stock Restriction
Agreement set forth below in connection with the consummation of the merger of
HomeSense Financial Corp. and certain of its affiliates with and into HomeGold,
Inc.;

R. Joe Arnold
Matthew J. Arnold                           Elizabeth S. Jarrett
David C. Gaffney                            Elizabeth Sterling Jarrett
Larry C. Hamilton                           Robert Elliott Jarrett
John W. Neal                                William Blakely Jarrett
Ronald J. Sheppard                          Daniel E.H. Sterling
Charles D. Sides, Jr.                       Sterling Family Ltd. Partnership
Terrell E. Stubbs                           Charles Taylor Sterling
Mary Francis Wyche                          Elizabeth H. Sterling
Sarah Wyche Coenen                          John M. Sterling IV
Wyche Profit Sharing Plan                   John M. Sterling, Jr.
Bradford Wheeler Wyche                      Estate of Buck Mickel
Harriet Wyche                                  Buck A. Mickel
C.T. Wyche                                  Charles C. Mickel
Mickel Investment Group, Inc.               Charles C. Mickel, Custodian
Minor H. Mickel                             Charles C. Michel, Custodian 2
Rachelle Ellison Mickel                     Charles C. Mickel, Custodian 3
Anne Carter Shaw                            Harold E. Shaw, Jr.
Minor M. Shaw                               Harold Ellis Shaw III
Kathryn Alston Shaw                         Buck A. Mickel, Custodian for
                                               Tyler Vaughan Mickel

                           STOCK RESTRICTION AGREEMENT

         This Stock Restriction Agreement is entered into by and between the
undersigned shareholders of HomeGold Financial, Inc. ("HomeGold").

         WHEREAS, HomeGold is entitled to claim net operating loss carry
forwards for federal income tax purposes, the tax benefits of which will be
substantial and material in the future; and

         WHEREAS, the tax benefits of the HomeGold loss carry forwards will be
greatly reduced, and possibly lost entirely, if an "Ownership Change", within
the meaning of Section 382(g) of the Internal Revenue Code, occurs; and

         WHEREAS, it is in the mutual best interest of the principal
shareholders of HomeGold to take steps to insure that an Ownership Change will
not take place and therefore each of the
<PAGE>

undersigned shareholders of HomeGold has agreed to the restrictions set forth
below upon their purchase and sale of the shares of HomeGold.

         NOW, THEREFORE, in consideration of the mutual promises herein
contained, each of the undersigned shareholders agrees that prior to any
purchase or sale of the Common Stock of HomeGold, such party will give written
notice to the Company, at the address below, specifying whether such purchase or
sale will be an open market transaction or a purchase by a specific person or a
sale to a specific person and will not consummate such purchase or sale if the
Company advises such party within five (5) days of its receipt of such written
notice, that such proposed purchase or sale could reasonably be expected to
create an "Owner Shift" within the meaning of Section 382(g)(2) of the Internal
Revenue Code. In this connection each party will provide the Company such
additional information as it may reasonably request in order to make that
determination set forth above, including the identity of the proposed seller or
purchaser unless it is proposed that such sale take place as a market
transaction.

         The foregoing restrictions shall terminate upon any of the following:

         (a) the expiration of three years after the Closing of the merger of
HomeGold and HomeSense Financial Corp.;

         (b) an Ownership Change, as defined in Section 382(g) of the Internal
Revenue Code;

         (c) HomeGold shall have ceased to have at least $5,000,000 of net
operating loss carry forwards; or

         (d) the HomeGold Board shall determine that the restrictions are no
longer necessary.

Each of the undersigned shareholders agree that HomeGold shall be entitled to
treat any attempted purchase or sale in violation of the terms of this Agreement
as null and void and HomeGold shall be entitled to disregard such attempted
purchase or sale. It is agreed that HomeGold's stock transfer agent may be given
"stop transfer" instructions consistent with the foregoing.

         Each of the undersigned agrees to make available to HomeGold all
certificates representing HomeGold stock owned by the undersigned, so that such
certificates may be legended to note the restrictions imposed by this Agreement.

This Agreement may be signed in counterparts.

                                              HOMEGOLD FINANCIAL, INC.

                                              By: ____________________________Exhibit 10.42

REDACTED - OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION AND IS
--------------------------------------------------------------------------------
DENOTED HEREIN BY *****.
------------------------

May 14, 2000

Charles & Colvard
P.O. Box 13533
Research Triangle Park, NC 27709-3533
Attn:  Robert S. Thomas, President

Gentlemen:

This letter, if accepted by C3, Inc., doing business as Charles & Colvard, will
serve as an agreement between Charles & Colvard and Cree, Inc. and an amendment
to our December 22,1999 letter agreement according to the following terms:

1.   Cree agrees to purchase and Charles & Colvard agrees to sell the ** crystal
     growth systems currently owned by Charles & Colvard for a total price of
     $5,000,000, subject to paragraphs 3 and 4 below.
     o   Cree will issue a purchase order for the systems and Charles & Colvard
         will sign and deliver to Cree a bill of sale and assignment in mutually
         acceptable form transferring ownership of the systems, free of any lien
         or other encumbrance, on May 15, 2000.
     o   Charles & Colvard will treat the $5,000,000 as a receivable and apply
         it against invoices from Cree received after May 15th. The purchase
         price will be payable as a credit against such invoices except that any
         balance not previously applied will become due and payable June 30,
         2001. Additionally, the outstanding balance of such receivable from
         Cree will bear interest at an annual rate of 4.75%, accruing pursuant
         to Charles & Colvard's standard policy in effect from time to time.

2.   Charles & Colvard will purchase the production crystals according to the
     pricing outlined in the December 22,1999 amendment with an additional
     charge per crystal delivered to Charles and Colvard as follows:

         $*** per 2" crystal
         $*** per 3" crystal

3.   Charles & Colvard and Cree each acknowledge and agree that, based on the
     information available to them as of the date hereof, each has performed
     their obligations to the other under the agreements, as amended, between
     the parties. Concurrently with the delivery of the bill of sale and
     assignment under paragraph 1, Charles & Colvard will sign and deliver to
     Cree a mutually acceptable form of release of any claim against Cree, its
     directors, officers, employees or representatives, based on or arising out
     of any prior circumstance or event known to Charles & Colvard, excluding
     claims based on intentional and knowingly wrongful actions or obligations
     due to be performed in the future under written agreements between the
     parties.

<PAGE>
Charles & Colvard
May 14, 2000
Page 2

4.   The parties' obligations under this letter agreement are subject to the
     condition that the Board of Directors of Charles & Colvard approve the
     execution, delivery and performance of this agreement by resolution duly
     adopted at a meeting duly held, or by unanimous written consent in lieu of
     a meeting. Concurrently with the delivery of the bill of sale and
     assignment under paragraph 1, Charles & Colvard will deliver to Cree a
     certificate of its Secretary, in mutually acceptable form, certifying such
     approval. Each party represents and warrants to the other that the
     execution, delivery and performance of this letter agreement and the
     transactions contemplated herein have been duly and validly authorized by
     all necessary corporate action.

5.   If Cree receives additional orders for production crystals from Charles &
     Colvard beyond those contemplated by the December 22, 1999 letter
     agreement, the companies will either negotiate a mutually agreeable
     delivery schedule and pricing or rely on the provisions set out in the
     Supply Agreement, as previously amended.

6.   Except as provided above, purchases will be subject to the terms and
     conditions of the Supply Agreement, as previously amended, and the
     development program will be subject to the terms and conditions of the
     Development Agreement, as previously amended.

7.   The contents of this letter shall be considered 'Confidential Information'
     of each party subject to the provisions of Section 5 of the Supply
     Agreement, as previously amended.

If acceptable, please sign below and date to indicate Charles & Colvard's
binding agreement to these terms.

----------------------                                   -----------------------
Charles M. Swoboda                                       Robert S. Thomas
President & COO                                          President & COOEXHIBIT 10.1

                      AMENDMENT NO. 10 TO CREDIT AGREEMENT

                  AMENDMENT NO. 10 AND TENTH WAIVER (this "AMENDMENT"), dated as
of April 14, 2000, to and under the Credit Agreement, dated as of March 30, 1998
(as heretofore amended, supplemented or otherwise modified, the "CREDIT
AGREEMENT"), among SUNBEAM CORPORATION (the "PARENT"), the SUBSIDIARY BORROWER
referred to therein, the LENDERS party thereto, MORGAN STANLEY SENIOR FUNDING,
INC., as Syndication Agent, BANK OF AMERICA, N.A., as Documentation Agent, and
FIRST UNION NATIONAL BANK, as Administrative Agent.

                             W I T N E S S E T H :

                  WHEREAS, the Parent, the Subsidiary Borrower, the Lenders and
the Agents are parties to the Credit Agreement;

                  WHEREAS, the Parent has requested that the Administrative
Agent and the Lenders agree to continue to waive, until April 10, 2001, certain
provisions of the Credit Agreement and, in connection therewith, to amend and
waive certain provisions of the Credit Agreement, all as more fully set forth
below;

                  WHEREAS, the Administrative Agent and the Lenders are willing
to agree to such requested waivers and amendments, but only upon the terms and
conditions of this Amendment; and

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

         1        SECTION. DEFINED TERMS; REFERENCES. Unless otherwise
specifically defined herein, each term used herein which is defined in the
Credit Agreement has the meaning assigned to such term in the Credit Agreement.
Each reference to "hereof", "hereunder", "herein" and "hereby" and each other
similar reference and each reference to "this Agreement" and each other similar
reference contained in the Credit Agreement shall, after this Amendment becomes
effective, refer to the Credit Agreement as amended hereby. Except as herein
specifically waived or amended, all terms and provisions of the Credit Agreement
shall remain in full force and effect and shall be performed by the parties
thereto according to its terms and provisions. This Amendment is limited as
specified and shall not constitute a modification, amendment or waiver of any
other provision of the Credit Agreement or any other Loan Document or indicate
the Lenders' willingness to consent to any such other modification, amendment or
waiver of the Credit Agreement or any other Loan Document, including without
limitation, any modification, amendment or waiver for any other date or time
period or in connection with any other transaction.

         1        SECTION. DELETION AND ADDITION OF CERTAIN DEFINED TERMS.
Section 1.01 of the Credit Agreement is amended:

                  (a) to delete in their entirety the defined terms "BUSINESS
         PLAN", "ELIGIBLE SUBSIDIARY" and "MANDATORY PREPAYMENT AMOUNT" in such
         Section; and

<PAGE>

                  (b) to add in their appropriate alphabetical order in such
         Section the following defined terms:

                           ""BUSINESS PLAN" means (i) in respect of the 2000
                  fiscal year of the Parent, the business plan for such fiscal
                  year delivered to the Lenders on February 15, 2000 and (ii) in
                  respect of each fiscal year of the Parent after the 2000
                  fiscal year of the Parent, the business plan for such fiscal
                  year delivered to the Lenders pursuant to Section 5.02(C).

                           "EASTPAK TRANSACTION" means the sale of substantially
                  all of the assets of, and the business conducted by, Eastpak
                  Corporation and its Subsidiaries, pursuant to the VF Purchase
                  Agreement.

                           "ELIGIBLE SUBSIDIARY" means Coleman, at any time it
                  is a Subsidiary.

                           "FIFTH AMENDMENT FEE" has the meaning assigned to
                  such term in Section 2.11(d).

                                    "NEW RECEIVABLES CAPITAL INVESTMENT" has the
                  meaning assigned to the term "Capital Investment" in the New
                  Receivables Program Purchase Agreement.

                                    "NEW RECEIVABLES PROGRAM" means the accounts
                  receivable sales program established pursuant to (i) the New
                  Receivables Program Purchase Agreement and any other documents
                  (including without limitation, any intercreditor agreement)
                  executed in connection therewith or pursuant thereto, all in
                  form and substance satisfactory to the Required Lenders, and
                  (ii) any other agreements executed and delivered in accordance
                  with Section 6.09(c)(y).

                           "NEW RECEIVABLES PROGRAM PURCHASE AGREEMENT" means
                  the Receivables Purchase Agreement to be entered into by and
                  among Redwood Receivables Corporation, General Electric
                  Capital Corporation, Coleman Funding Corporation, Coleman,
                  Powermate and the Parent, in form and substance satisfactory
                  to the Required Lenders, as amended, supplemented or otherwise
                  modified in accordance with Section 6.09(c).

                           "NEW RECEIVABLES PURCHASE LIMIT" means $95,000,000 or
                  such other amount designated as the "Maximum Facility
                  Commitment" pursuant to the New Receivables Program Purchase
                  Agreement.

                                    "POWERMATE" means Coleman Powermate, Inc., a
                  Nebraska corporation.

                           "RESTATEMENT RELATED LITIGATION" means any
                  litigation, or investigation by any Governmental Authority,
                  relating to the restatement in October, 1998 of the financial
                  statements of the Parent and its Consolidated Subsidiaries for
                  the 1996 and 1997 fiscal years of the Parent and for the
                  fiscal quarter of the Parent ended March 31, 1998.

                                       3
<PAGE>

                           "TENTH AMENDMENT EFFECTIVE DATE" means the Amendment
                  Effective Date under and as defined in Amendment No. 10 and
                  Tenth Waiver, dated as of April 14, 2000, to and under this
                  Agreement.

                           "VF PURCHASE AGREEMENT" the Asset Purchase Agreement,
                  dated as of March 18, 2000, between VF Corporation and the
                  Parent, together with any non-material amendments thereof.".

         2        SECTION. DEFINITION OF CONSOLIDATED EBITDA. The definition of
"CONSOLIDATED EBITDA" in Section 1.01 of the Credit Agreement is amended:

                           (a) to replace the word "and" at the end of clause
                  (ii) in paragraph (2) in such definition with a comma;

                           (b) to add immediately after clause (iii) in
                  paragraph (2) in such definition the phrase "and (iv) expenses
                  on account of Restatement Related Litigation (but deducting
                  cash disbursements (net of any cash payments received by the
                  Parent from insurance companies and/or other third parties in
                  respect of any such expenses) in excess of $12,300,000 on or
                  after January 1, 2000)";

                           (c) to replace the period at the end of paragraph (3)
                  in such definition with the phrase ", PLUS"; and

                           (d) to add immediately after paragraph (3) in such
                  definition the following new paragraph (4):

                                    "(4) foreign currency non-cash gains or
                           losses related to intercompany obligations incurred
                           prior to January 1, 2000, to the extent included in
                           consolidated net income in paragraph (1) above.".

         3        SECTION. REPAYMENT OF TERM LOANS.

                  (a) Paragraph (a) of Section 2.09 of the Credit Agreement is
amended to add immediately before the period at the end of such paragraph the
following proviso:

                           "PROVIDED FURTHER that, effective upon the Tenth
                  Amendment Effective Date, the date of payment shall be
                  extended to (x) August 15, 2000 for $69,250,000 of the Term
                  Loans scheduled to be paid on April 10, 2000 pursuant to the
                  immediately preceding proviso, (y) November 30, 2000 for
                  $30,750,000 of the Term Loans scheduled to be paid on April
                  10, 2000 pursuant to the immediately preceding proviso and (z)
                  April 10, 2001 for (i) $38,500,000 of the Terms Loan scheduled
                  to be paid on April 10, 2000 pursuant to the immediately
                  preceding proviso, (ii) the $66,750,000 installment of the
                  Tranche A Term Loans scheduled to be paid on each of September
                  30, 2000 and March 31, 2001 and (iii) the $2,500,000
                  installment of the Tranche B Term Loans scheduled to be paid
                  on each of September 30, 2000 and March 31, 2001.".

                                       4
<PAGE>

                  (b) Paragraph (b)(i) of Section 2.09 of the Credit Agreement
is amended to replace the phrase "to prepay Term Loans (or the Term Commitments
shall be reduced)" in such paragraph with the phrase "to prepay the Loans".

                  (c) Paragraph (b)(i)(w) of Section 2.09 of the Credit
Agreement is amended in its entirety to read as follows:

                           "(w) on December 31, 2000 with the amount, if any, by
                  which the sum of funds on deposit in the Concentration Account
                  on such date, after giving effect to Section 2.09(d)(ii), PLUS
                  the aggregate amount of the unused Revolving Commitments on
                  such date exceeds $185,000,000.".

                  (d)      Paragraph (b)(i)(x) of Section 2.09 of the Credit
                  Agreement is amended:

                           (i) to replace the phrase "except as otherwise set
                  forth in Section 2.09(d)(i)" in such Section with the phrase
                  "except as otherwise set forth in Sections 2.09(b)(iv) and
                  (d)(i)";

                           (ii) to add immediately after the term "Indebtedness
                  Incurrence" in clause (2) in such paragraph the phrase "or any
                  issuance of the stock of the Parent or any Subsidiary (other
                  than any issuance of stock of the Parent pursuant to and in
                  accordance with stock option plans or other benefit plans or
                  employment arrangements for management or employees of the
                  Parent and its Subsidiaries)";

                           (iii) to add immediately after the term "Existing
                  Receivables Program" in the proviso in such paragraph the
                  phrase "and the New Receivables Program"; and

                           (iv) to replace the reference to "$100,000,000" in
                  the proviso in such paragraph with a reference to
                  "$195,000,000".

                  (e) Paragraph (b)(iv) of Section 2.09 of the Credit Agreement
is amended in its entirety to read as follows:

                           "(iv) The amount of any repayment of the Loans made
                  pursuant to clauses (i) and (ii) of this paragraph shall be
                  applied (A) FIRST, in the direct order of maturity of each
                  subsequent scheduled repayment of the Term Loans, through and
                  including the repayment due on November 30, 2000, to be made
                  by the Borrowers pursuant to paragraph (a) of this Section,
                  PROVIDED that if (i) the fee payable pursuant to Section
                  2.11(e) is paid prior to consummation of the Eastpak
                  Transaction, $8,500,000 of the Net Cash Proceeds of the
                  Eastpak Transaction shall be applied as a prepayment of the
                  Revolving Loans (but not reduce the Revolving Commitments or
                  the Retained Asset Sale Proceeds Amount referred to below),
                  and (ii) the $69,250,000 amortization payment due on August
                  15, 2000 is paid prior to consummation of the Eastpak
                  Transaction, $69,250,000 of the Net Cash Proceeds of the
                  Eastpak Transaction shall be applied as a prepayment of the
                  Revolving Loans (but not reduce the Revolving Commitments or
                  the Retained Asset Sale Proceeds Amount referred to below),
                  (B) SECOND, to prepay the Revolving Loans (but not reduce the
                  Revolving Commitments) in an amount

                                       5
<PAGE>

                  equal to $8,500,000; the amount of any such prepayment of the
                  Revolving Loans shall create a reserve (the "COMMITMENT
                  RESERVE") under the Revolving Commitments to be borrowed only
                  to pay on November 30, 2000 the amount of the Fifth Amendment
                  Fee due on November 30, 2000 pursuant to Section 2.11(d), (C)
                  THIRD, in the case of any prepayment of the Loans made
                  pursuant to clause (i)(x)(1) of this paragraph only, to prepay
                  an amount of up to $25,000,000 (the "RETAINED ASSET SALE
                  PROCEEDS AMOUNT") of the Revolving Loans (but not reduce the
                  Revolving Commitments), (D) FOURTH, in the direct order of
                  maturity of each scheduled repayment of the Term Loans due
                  after November 30, 2000 through and including the repayment
                  due on April 10, 2001, to be made by the Borrowers pursuant to
                  paragraph (a) of this Section, and (E) FIFTH, to reduce
                  ratably the amount of all remaining scheduled repayments of
                  the Term Loans due after April 10, 2001.".

                  (f) Paragraph (d) of Section 2.09 of the Credit Agreement is
amended (i) to replace the word "and" immediately before the reference to
"(iii)" in such paragraph with a comma and (ii) to add immediately before the
period at the end of such paragraph the phrase "and (iv) as set forth in
Sections 2.09(b)(iv)(B) and (C) above".

         4        SECTION. FEES. Section 2.11 of the Credit Agreement is
                  amended:

                           (a) to replace in its entirety paragraph (d) in such
                  Section to read as follows:

                                    "(d) The Parent agrees that on the Fifth
                           Amendment Effective Date the Lenders shall have
                           earned a fee (as such fee may be increased pursuant
                           to this paragraph (d), the "FIFTH AMENDMENT FEE") in
                           an amount equal to .25% of the Commitments in effect
                           as of the Fifth Amendment Effective Date; PROVIDED
                           that on the Tenth Amendment Effective Date, the Fifth
                           Amendment Fee shall be increased and fully earned in
                           an amount equal to .50% of the Commitments in effect
                           as of the Fifth Amendment Effective Date; PROVIDED
                           FURTHER that (i) on the earlier of (A) November 30,
                           2000 and (B) the date on which the Commitments shall
                           have terminated and the principal of and interest on
                           the Loans and all other amounts payable by the
                           Obligors under this Agreement and the other Loan
                           Documents shall have been paid in full, the Parent
                           shall pay to the Administrative Agent, for the
                           account of the Lenders, a portion of the Fifth
                           Amendment Fee equal to .50% of the Commitments in
                           effect as of the Fifth Amendment Effective Date and
                           (ii) if the Aggregate Exposure shall not have been
                           reduced to $1,200,000,000 or less on or before
                           November 30, 2000, the Fifth Amendment Fee shall be
                           increased to, and fully earned on such date in, an
                           amount equal to 1.00% of the Commitments in effect as
                           of the Fifth Amendment Effective Date and, in such
                           event, the Parent shall pay to the Administrative
                           Agent, for the account of the Lenders, on the earlier
                           of (A) June 30, 2001 and (B) the date on which the
                           Commitments shall have terminated and the principal
                           of and interest on the Loans and all other amounts
                           payable by the Obligors under this Agreement and the
                           other Loan Documents shall have been paid

                                       6
<PAGE>

                           in full, the unpaid portion of such increased amount
                           of the Fifth Amendment Fee."; and

                           (b) to reletter paragraph (e) in such Section as
                  paragraph (f) and to add immediately after paragraph (d) in
                  such Section the following new paragraph (e):

                                    "(e) The Parent further agrees that on the
                           Tenth Amendment Effective Date the Lenders shall have
                           earned a fee in an amount equal to .50% of the
                           Commitments in effect as of the Tenth Amendment
                           Effective Date, which fee the Parent shall pay to the
                           Administrative Agent, for the account of the Lenders,
                           on the earliest of (i) June 30, 2000, (ii) the date
                           of the consummation of the Eastpak Transaction and
                           (iii) the date on which the Commitments shall have
                           terminated and the principal of and interest on the
                           Loans and all other amounts payable by the Obligors
                           under this Agreement and the other Loan Documents
                           shall have been paid in full.".

         5        SECTION. CONDITIONS TO EACH CREDIT EVENT. Section 4.04 of the
Credit Agreement is amended to add immediately after paragraph (f) in such
Section the following new paragraph (g):

                           "(g) From and after the implementation of the New
                  Receivables Program, at the time of and immediately after
                  giving effect to such Borrowing, the aggregate New Receivables
                  Capital Investment shall not be less than 75% of the New
                  Receivables Purchase Limit, PROVIDED that, if the aggregate
                  New Receivables Capital Investment is less than 75% of the New
                  Receivables Purchase Limit at such time, this condition shall
                  nonetheless be deemed satisfied so long as at the time of and
                  immediately after giving effect to such Borrowing, no less
                  than 75% of the aggregate outstanding balance of all accounts
                  receivable owed to Coleman and Powermate shall be Eligible
                  Receivables (as defined in the New Receivables Program
                  Purchase Agreement).".

         6        SECTION. FINANCIAL STATEMENTS. Section 5.01 of the Credit
Agreement is amended:

                           (a) to replace the phrase "within 90 days after the
                  end of each fiscal year of the Parent," in paragraph (a) in
                  such Section with the phrase "(i) within 46 days after the end
                  of each fiscal year of the Parent, its preliminary unaudited
                  consolidated balance sheet and related statements of
                  operations, stockholders' equity and cash flows as of the end
                  of and for such fiscal year and (ii) within 105 days after the
                  end of each fiscal year of the Parent,";

                           (b) to replace the reference to "Arthur Andersen LLP"
                  in paragraph (a) in such Section with a reference to "Deloitte
                  & Touche LLP";

                           (c) to replace the reference to "60 days" in
                  paragraph (b) in such Section with a reference to "45 days";

                                       7
<PAGE>

                           (d) to replace the reference to "90 days" in the
                  parenthetical in paragraph (b) in such Section with a
                  reference to "105 days";

                           (e) to replace the phrase "under clause (a) or (b)
                  above and clauses (A) and (J) of Section 5.02" in paragraph
                  (c) in such Section with the phrase "under clause (a)(ii) or
                  (b) above and Section 5.02(A)";

                           (f) to replace the phrase "Sections 6.01 and 6.11
                  through 6.17" in paragraph (c) in such Section with the phrase
                  "Sections 6.01 and 6.11 through 6.16"; and

                           (g) to replace the phrase "under clause (a) above" in
                  paragraph (d) in such Section with the phrase "under clause
                  (a)(ii) above".

         7        SECTION. ADDITIONAL INFORMATIONAL REQUIREMENTS. Section 5.02
of the Credit Agreement is amended:

                           (a) to replace the phrase "On or before the last
                  Business Day of each month" in paragraph (B)(i) in such
                  Section with the phrase "Within five days after the end of
                  each month";

                           (b) to replace the reference to "fifteenth day" in
                  paragraph (B)(ii) in such Section with a reference to
                  "twentieth day";

                           (c) to replace in their entirety paragraphs (C)
                  through (E) of such Section to read as follows:

                                    "(C) (i) On or before December 31st of each
                           calendar year, a preliminary Business Plan for the
                           immediately following fiscal year of the Parent
                           setting forth for each Strategic Business Unit and on
                           a consolidated and consolidating basis monthly
                           forecasted income statements, cash flow statements
                           and balance sheets, in each case on a preliminary
                           basis, and (ii) on or before February 22nd of such
                           fiscal year, a final Business Plan for such fiscal
                           year setting forth for each Strategic Business Unit
                           and on a consolidated and consolidating basis monthly
                           forecasted income statements, cash flow statements
                           and balance sheets, in each case on a final basis.

                                    (D) On or before January 31st of each
                           calendar year, projections for the immediately
                           following two fiscal years of the Parent, on a
                           preliminary basis, setting forth (1) for each
                           Strategic Business Unit and on a consolidated basis
                           projected summaries of net sales and EBITDA and (2)
                           on a consolidated basis projected cash flow
                           statements and balance sheets and (ii) on or before
                           February 28th of each such calendar year, projections
                           for the immediately following two fiscal years of the
                           Parent, on a final basis, setting forth (1) for each
                           Strategic Business Unit and on a consolidated basis
                           projected summaries of net sales and EBITDA and (2)
                           on a consolidated basis projected cash flow
                           statements and balance sheets.

                                       8
<PAGE>

                                    (E)(1) On or before September 30, 2000, the
                           Parent shall present to the Lenders its written plan
                           for meeting the amortization payments due on or
                           before September 30, 2001 and (2) on or before
                           February 1, 2001, the Parent shall present to the
                           Lenders its updated written plan, in form and
                           substance reasonably satisfactory to the Lenders, for
                           meeting the amortization payments due on or before
                           September 30, 2001."; and

                           (d) to replace in their entirety paragraphs (H), (J)
                  and (K) in such Section with the following new paragraphs (H),
                  (J) and (K):

                                    "(H) Biweekly, a report summarizing the
                           status of all Restatement Related Litigation (on or
                           before the last day of each month, in the case of any
                           other litigation commenced after the Fifth Amendment
                           Effective Date if such other litigation involves
                           potential liability and/or projected costs in excess
                           of $3,500,000), including all fees and expenses
                           incurred by the Parent or any of its Subsidiaries to
                           the extent such amounts have been reported to the
                           Parent, together with copies of all material
                           pleadings filed with respect to any Restatement
                           Related Litigation since the date of the last report
                           delivered pursuant to this paragraph (H).

                                    (J)(1) Biweekly until the termination of the
                           transitional arrangements contemplated by the VF
                           Purchase Agreement, a report summarizing the status
                           of the developments and efforts of the Parent and its
                           Subsidiaries in relation to the Eastpak Transaction,
                           and (2) on or before the last day of each month, a
                           report summarizing (x) the status of any efforts of
                           the Parent to explore strategic alternatives for any
                           of its Strategic Business Units and (y) developments
                           in connection with, and Investments in, Thalia
                           Products, Inc.

                                    (K)45 days after the end of each fiscal
                           quarter, beginning with the fiscal quarter ended
                           March 31, 2000, (1) projections for the four fiscal
                           quarters immediately following the fiscal quarter
                           then ended, setting forth on a consolidated basis
                           quarterly forecasted income statements, cash flow
                           statements and balance sheets and (2) a report of key
                           strategic initiatives, together with a timetable with
                           respect to the implementation of such initiatives
                           during the period of the four fiscal quarters
                           immediately following the fiscal quarter then
                           ended.".

         8        SECTION. INDEBTEDNESS. Section 6.01 of the Credit Agreement is
amended:

                           (a) to replace paragraph (c) in such Section in its
                  entirety to read as follows:

                                    "(c) (i) Indebtedness of the Parent to any
                           Subsidiary and of any Subsidiary Guarantor to the
                           Parent or any Subsidiary, (ii) Indebtedness existing
                           on the Tenth Amendment Effective Date of the Parent
                           to any Subsidiary and of any Subsidiary to the Parent
                           or any other Subsidiary, (iii) Indebtedness of any
                           Subsidiary organized under the laws of any
                           jurisdiction outside the United States to any other
                           Subsidiary organized under the laws of any

                                       9
<PAGE>

                           jurisdiction outside the United States, (iv)
                           Indebtedness of any Subsidiary organized under the
                           laws of any jurisdiction outside the United States to
                           the Parent or any Subsidiary Guarantor in an
                           aggregate amount not to exceed $5,000,000 for all
                           such Subsidiaries at any time outstanding, (v)
                           Indebtedness of Thalia Products, Inc. to the Parent
                           or any Subsidiary Guarantor, (vi) Indebtedness of any
                           Inactive Subsidiary to the Parent or any Subsidiary
                           in respect of environmental remediation, litigation
                           and product liability issues and (vii) Indebtedness
                           of any Inactive Subsidiary to the Parent or any
                           Subsidiary (exclusive of Indebtedness permitted under
                           clause (vi) of this paragraph) in an amount not to
                           exceed $100,000 at any time outstanding;";

                           (b) to replace the reference to "$40,000,000" in
                  paragraph (g) in such Section with a reference to
                  "$50,000,000"; and

                           (c) to replace paragraph (h) in such Section in its
                  entirety to read as follows:

                                    "(h) other unsecured Indebtedness in an
                           aggregate principal amount not exceeding $5,000,000
                           at any time outstanding.".

         9        SECTION. LIENS. Paragraph (f) of Section 6.02 of the Credit
Agreement is amended to add immediately before the semicolon at the end of such
paragraph the phrase "and the New Receivables Program".

         10       SECTION. FUNDAMENTAL CHANGES; ASSET SALES. Paragraph (c) of
Section 6.03 of the Credit Agreement is amended:

                           (a) to add immediately after the reference to "the
                  Existing Receivables Program" in such paragraph the phrase "or
                  the New Receivables Program";

                           (b) to replace the word "and" immediately preceding
                  the reference to "(ii)" in clause (y) in the proviso in such
                  paragraph with a comma; and

                           (c) to amend in its entirety clause (y)(ii) in the
                  proviso in such paragraph to read as follows: "(ii) other
                  Asset Sales the fair market value of which does not exceed
                  $5,000,000 in the aggregate for any such Asset Sale or series
                  of related Asset Sales and (iii) Asset Sales of Non-Core
                  Assets".

         11       SECTION. INVESTMENTS, LOANS, ADVANCES, GUARANTEES AND
ACQUISITIONS. Section 6.04 of the Credit Agreement is amended:

                           (a) to replace the reference to "Material
                  Subsidiaries" in the introductory clause in such Section with
                  a reference to "Subsidiaries";

                           (b) to replace paragraph (c) in such Section in its
                  entirety to read as follows:

                                       10
<PAGE>

                                    "(c) loans or advances (i) made by the
                           Parent to any Material Subsidiary and made by any
                           Subsidiary to the Parent or any Material Subsidiary,
                           (ii) existing on the Tenth Amendment Effective Date
                           made by the Parent to any Subsidiary and made by any
                           Subsidiary to the Parent or any other Subsidiary and
                           (iii) constituting Indebtedness permitted under
                           Sections 6.01(c);";

                           (c) to add immediately before the semicolon at the
                  end of paragraph (d) in such Section the phrase "and any
                  Guarantee by the Parent of the performance of any Subsidiary
                  pursuant to the New Receivables Program"; and

                           (d) to add immediately before the semicolon at the
                  end of paragraph (f) in such Section the phrase "and capital
                  contributions, or deemed capital contributions, by Coleman or
                  Powermate in Coleman Asset Diversification, Inc. pursuant to
                  the New Receivables Program".

         12       SECTION. RESTRICTED PAYMENTS; VOLUNTARY PAYMENTS. Paragraph
(b) of Section 6.06 of the Credit Agreement is amended to add immediately before
the period at the end of such paragraph the following: "or (iii) make any
payment in respect of the Existing Insurance Loans or the Additional Insurance
Loans (each such term as defined in the Seventh Waiver and Consent, dated as of
March 27, 2000, under this Agreement) other than from the proceeds of the
benefits payable under the applicable insurance policies pursuant to which the
Existing Insurance Loans and Additional Insurance Loans were made".

         13       SECTION. MODIFICATION OF CERTAIN DOCUMENTS. Section 6.09 of
the Credit Agreement is amended to add immediately after paragraph (b) of such
Section the following new paragraph (c):

                           "(c) From and after the Tenth Amendment Effective
                  Date, without the consent of the Required Lenders, (x) the
                  Parent will not, and will not permit any of its Subsidiaries
                  to, consent to or solicit or enter into any amendment or
                  supplement to, or any waiver or other modification of, the New
                  Receivables Program Purchase Agreement, any document executed
                  in connection therewith or pursuant thereto or any receivables
                  sale agreements of the type described in clause (y) below if
                  such amendment, supplement, waiver or other modification (i)
                  would result in a reduction of the New Receivables Purchase
                  Limit or (ii) would otherwise reduce the financing available
                  to the Parent or any of its Subsidiaries pursuant to the New
                  Receivables Program or have an adverse effect on the interests
                  of the Lenders or the Administrative Agent and (y) the Parent
                  will not, and will not permit any of its Subsidiaries to,
                  enter into any receivables sale agreement relating to the New
                  Receivables Program other than a receivables sale agreement
                  intended to provide for the inclusion of certain accounts
                  receivable of the Parent or such Subsidiary in the New
                  Receivables Program, which receivables sale agreement shall be
                  in form and substance reasonably satisfactory to the Required
                  Lenders.".

         14       SECTION. CAPITAL EXPENDITURES. Section 6.11 is amended to
replace in its entirety the last paragraph in such Section with the following
new paragraph:

                                       11
<PAGE>

                           "Notwithstanding the foregoing, Consolidated Capital
                  Expenditures at any time during each of the periods set forth
                  below will not exceed the amount set forth below opposite such
                  period:

                          PERIOD                                AMOUNT

January 1, 2000 - June 30, 2000                               $50,000,000

January 1, 2000 - September 30, 2000                          $70,000,000

January 1, 2000 - December 31, 2000                           $83,000,000

January 1, 2000 - March 31, 2001                             $100,000,000".

         1        SECTION. CONSOLIDATED EBITDA. Section 6.15 is amended in its
entirety to read as follows:

                           "SECTION 6.15. CONSOLIDATED EBITDA. At the last day
                  of each calendar month set forth below, Consolidated EBITDA
                  (excluding bank amendment expenditures and expenditures for
                  the Lenders' advisors, in each case to the extent deducted in
                  determining Consolidated EBITDA) for the period from January
                  1, 2000 through the last day of such month will not be less
                  than the amount set forth below opposite such month:

                                   MONTH           CONSOLIDATED EBITDA

                             April, 2000                   $35,800,000

                               May, 2000                   $53,800,000

                              June, 2000                   $69,500,000

                              July, 2000                   $86,000,000

                            August, 2000                  $104,400,000

                         September, 2000                  $128,300,000

                                       12
<PAGE>

                                   MONTH           CONSOLIDATED EBITDA

                           October, 2000                  $149,900,000

                          November, 2000                  $173,500,000

                          December, 2000                  $186,400,000

                           January, 2001                  $186,300,000

                          February, 2001                  $186,700,000

                             March, 2001                $213,600,000".

         1        SECTION. RECEIVABLES PROGRAM. Section 6.21 is amended in its
entirety to read as follows:

                              "SECTION 6.21. RECEIVABLES PROGRAMS. The Parent
                  will not, and will not permit any Subsidiary to, fail (a)(i)
                  to maintain the Existing Receivables Program, and comply with
                  the terms and provisions of such program, unless within 60
                  days after termination thereof, the Existing Receivables
                  Program is replaced with an alternative accounts receivables
                  program, which shall be on terms and conditions, and provide
                  an amount of financing, reasonably satisfactory to the
                  Required Lenders and (ii) from and after the implementation
                  thereof, to maintain the New Receivables Program, and comply
                  with the terms and provisions of such program, unless prior to
                  any termination thereof, a replacement program on terms and
                  conditions, and providing for an amount of financing,
                  reasonably satisfactory to the Required Lenders is implemented
                  and (b) to use their respective reasonable best efforts to
                  maximize the aggregate Capital Investment up to the
                  Receivables Purchase Limit and to maximize the aggregate New
                  Receivables Capital Investment up to the New Receivables
                  Purchase Limit.".

         2        SECTION. ADDITIONAL NEGATIVE COVENANT. Article 6 of the Credit
Agreement is amended to add immediately after Section 6.21 the following new
Section 6.22:

                              "SECTION 6.22. EASTPAK TRANSACTION. The Parent
                  will not, and will not permit any Subsidiary to, fail to use
                  their respective reasonable best efforts to consummate the
                  Eastpak Transaction and, in connection therewith, the Parent
                  shall, and shall cause its Subsidiaries to, provide such
                  information as reasonably

                                       13
<PAGE>

                  requested by the Administrative Agent or the Lenders to review
                  and discuss such efforts.".

         3        SECTION. REPLACEMENT OF SCHEDULES AND NEW EXHIBIT. The Credit
Agreement is amended to replace Schedule 3.01(a) (Material Domestic
Subsidiaries), Schedule 3.01(b) (Material Foreign Subsidiaries) and Schedule A
(Strategic Business Units) thereto with new Schedules in the forms attached to
this Amendment as Exhibits A, B and C, respectively.

         4        SECTION. WAIVER WITH RESPECT TO FINANCIAL STATEMENTS. The
Lenders hereby waive, until May 1, 2000, any Default or Event of Default by
reason of the failure of the Parent to comply with the requirement of Section
5.01(a) (FINANCIAL STATEMENTS AND OTHER INFORMATION) of the Credit Agreement,
after giving effect to the Eighth Waiver, dated as of March 30, 2000 under the
Credit Agreement, to deliver to the Administrative Agent on or before April 14,
2000 the financial statements set forth in such Section.

         5        SECTION. WAIVER TO PERMIT EASTPAK TRANSACTION. The Lenders
hereby waive Section 6.03 (FUNDAMENTAL CHANGES; ASSET SALES) of the Credit
Agreement (after giving effect to this Amendment) solely to the extent necessary
to permit the Parent to consummate the Eastpak Transaction pursuant to the VF
Purchase Agreement; PROVIDED that the foregoing waiver is conditioned upon the
VF Purchase Agreement not having been amended or modified in any material
respect or in any manner that could reasonably be expected to have an adverse
effect on the Lenders, in either case without the prior written consent of the
Required Lenders. Notwithstanding anything to the contrary contained in Section
2.09(b)(iv) of the Credit Agreement (after giving effect to this Amendment) the
Net Cash Proceeds of the Eastpak Transaction shall be applied FIRST, to pay in
full the fee payable from such Net Cash Proceeds, unless previously paid,
pursuant to Section 2.11(e) of the Credit Agreement and SECOND, to the Term
Loans in accordance with Section 2.09(b)(iv) of the Credit Agreement, PROVIDED,
HOWEVER, the Parent may apply any post-closing adjustments to be paid to the
Parent pursuant to the VF Purchase Agreement to repay the Revolving Loans (but
not reduce the Revolving Commitments).

         6        SECTION. WAIVERS OF FINANCIAL STATEMENT DELIVERY, HEDGING
OBLIGATIONS, FINANCIAL COVENANTS AND REPRESENTATIONS.

         (a) The Lenders hereby waive, until April 10, 2001, any Default or
Event of Default arising by reason of the representations and warranties
contained in Sections 3.04 (FINANCIAL CONDITION; NO MATERIAL ADVERSE Change),
3.06 (LITIGATION AND ENVIRONMENTAL MATTERS) and 3.07 (COMPLIANCE WITH LAWS AND
AGREEMENTS) of the Credit Agreement to have proven to have been materially
incorrect when made or deemed made at any time prior to the Fifth Amendment
Effective Date.

         (b) The Lenders hereby waive, until April 10, 2001, any Default or
Event of Default arising by reason of the representation and warranty contained
in Section 3.11 (DISCLOSURE) of the Credit Agreement to have proven to have been
materially incorrect when made or deemed made at any time prior to the Fifth
Amendment Effective Date; PROVIDED that such waiver is conditioned upon the
representation and warranty contained in the second sentence of such Section
3.11 on and after the Fifth Amendment Effective Date to be true and correct (for
purposes of Section 4.04(b), and not materially incorrect, for purposes of
paragraph (c) of Article 7) in respect of all reports, financial statements,
certificates or other information (taken as a

                                       14
<PAGE>

whole) furnished on or after September 30, 1998 by or on behalf of any Obligor
to the Administrative Agent or any Lender.

         (c) The Lenders hereby waive, until April 10, 2001, (i) any Default or
Event of Default arising by reason of the representation and warranty contained
in Section 3.04(c) or Section 3.14 (ACQUISITION DOCUMENTS) of the Credit
Agreement to have proven to have been materially incorrect when made or deemed
made and (ii) the condition under Section 4.04(b) that each representation and
warranty referenced in clause (i) be true and correct when made or deemed made.

         (d) The Lenders hereby waive, until April 10, 2001, any Default or
Event of Default arising by reason of the failure by the Parent to comply with
Section 5.10 (APPROVED HEDGING AGREEMENTS) of the Credit Agreement.

         (e) The Lenders hereby waive, until April 10, 2001, (i) the Events of
Default arising by reason of the failure by the Parent to comply with Section
6.12 (LEVERAGE RATIO), Section 6.13 (INTEREST COVERAGE RATIO) and Section 6.14
(FIXED CHARGE COVERAGE RATIO) of the Credit Agreement at the last day of the
fiscal quarters of the Parent ending during the period on and after June 30,
1998 through and including December 31, 1999 and (ii) any Event of Default
arising by reason of any failure by the Parent to comply with Section 6.12
(LEVERAGE RATIO), Section 6.13 (INTEREST COVERAGE RATIO) and Section 6.14 (FIXED
CHARGE COVERAGE RATIO) of the Credit Agreement at the last day of any fiscal
quarter of the Parent during the 2000 fiscal year of the Parent and at the last
day of the fiscal quarter of the Parent ending March 31, 2001.

         (f) The Lenders hereby waive, until April 10, 2001, any Default or
Event of Default that existed on June 30, 1998. This waiver shall not constitute
a waiver of any Default or Event of Default existing on or after July 1, 1998
after giving effect to this Amendment.

         7 SECTION. GOVERNING LAW. This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.

         8 SECTION. COUNTERPARTS. This Amendment may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument.

         9 SECTION. REPRESENTATIONS AND WARRANTIES; NO DEFAULT. After giving
effect to this Amendment, the Parent and the Subsidiary Borrower (to the extent
applicable to it thereunder) hereby represent and warrant that all
representations and warranties contained in the Credit Agreement are true and
correct on and as of the Amendment Effective Date (unless stated to relate to a
specific earlier date, in which case, such representations and warranties shall
be true and correct as of such earlier date) and that no Default or Event of
Default shall have occurred and be continuing or would result from the execution
and delivery of this Amendment.

         10 SECTION. EFFECTIVENESS. This Amendment shall become effective on the
date (the "AMENDMENT EFFECTIVE DATE") on which:

         (a) the Administrative Agent shall have received from each of the
Parent, the Subsidiary Borrower and the Lenders, a counterpart hereof signed by
such party or facsimile or

                                       15
<PAGE>

other written confirmation (in form satisfactory to the Administrative Agent)
that such party has signed a counterpart hereof;

         (b) the Administrative Agent shall have received such documents and
certificates as the Administrative Agent or its counsel may reasonably request
relating to the organization, existence and good standing of the Parent, the
authorization of the transactions contemplated by this Amendment and any other
legal matters relating to any of the foregoing, all in form and substance
satisfactory to the Administrative Agent and its counsel;

         (c) the Lenders shall be (and by their execution hereof, hereby confirm
that they are) satisfied with (a) all of their legal, regulatory and financial
due diligence and (b) the cash flow and other projections and other financial
information provided by the Parent for the period through March 31, 2001; and

         (d) the Administrative Agent shall have received payment of all fees
and other amounts due and payable pursuant to the Credit Agreement, including
reimbursement or payment of all out-of-pocket expenses of the Administrative
Agent and the Lenders invoiced to the Parent and required to be reimbursed or
paid by the Parent under the Credit Agreement.

                                       16
<PAGE>
                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed as of the date first above written.

                                  SUNBEAM CORPORATION

                                  By__________________________________________
                                    Name:
                                    Title:

                                  THE COLEMAN COMPANY, INC.

                                  By__________________________________________
                                    Name:
                                    Title:

                                  MORGAN STANLEY SENIOR FUNDING, INC.,
                                       individually and as Syndication Agent

                                  By__________________________________________
                                    Name:
                                    Title:

                                  BANK OF AMERICA, N.A.,
                                       individually and as Documentation Agent

                                  By__________________________________________
                                    Name:
                                    Title:

                                  FIRST UNION NATIONAL BANK,
                                       individually and as Administrative Agent

                                  By__________________________________________
                                    Name:
                                    Title:

                                       17

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