Document:

Exhibit 10.2

  VoWLAN EXCLUSIVE DISTRIBUTOR AGREEMENT

  BETWEEN

  EBI Communications, INC.

  AND

  Y-Tel International, LLC

  OCTOBER 25, 2004

  Date

  

  This VoWLAN EXCLUSIVE DISTRIBUTOR AGREEMENT("Agreement") is entered into
    this 25th day of October, 2004  (the "Effective Date"), between EBI
    Communications, INC., a Florida corporation having a business address
    at 5765 N. Andrews Way, Ft Lauderdale, Fl., 33309 (hereinafter "EBI") or assigns;
    and  Y-Tel International, LLC having a business address 1100 N.W. 163rd
    Dr. North Miami Beach, FL.33169 and  (hereinafter the "Y-Tel"). 
    EBI and Y-Tel are collectively referred to herein as the "Parties" and individually
    as "Party".

  WITNESSETH AND DEFINITIONS:

  Whereas "EBI" has developed a  VoWLAN product. And whereas Y-Tel desires
    to purchase from EBI, and EBI desires to sell to Y-Tel, Exclusive Marketing
    rights to its VOWLAN services, in accordance with the terms and conditions
    set forth in this Agreement. 

               
    "VoWLAN" Voice over Wireless Local Area Network.

               
    "Service" shall mean those VoWLAN services described in the attached relevant
    Annex(es) incorporated herein by reference.

               
    "Hot spots" shall mean a 802.11 wireless access points.

               
    "Client" shall mean the software to be downloaded by the enduser.

  NOW THEREFORE, in consideration of the mutual covenants and agreements
    contained herein and other good and valuable consideration, the receipt and
    sufficiency of which is hereby acknowledged, the Parties agree as follows:

  1.                  
    DESCRIPTION OF SERVICES.  EBI, either directly or through its
    affiliates or underlying carriers, shall provide the Services, and Y-Tel shall
    purchase and utilize the Services per the terms and conditions of this Agreement. 
    The Parties may, by mutual agreement, add and incorporate additional services
    by executing additional Annex(es) and incorporating them herein.

  2.                  
    TERM.  This Agreement shall commence on the Effective Date and
    shall continue for an initial term ("Term") of ten  (10) years from the
    Service Date and thereafter shall automatically renew for equivalent successive
    renewal Terms unless terminated by either Party pursuant to this Agreement. 
    The term of each specific Service shall be set forth in the attached relevant
    Annex(es) hereto but in any event it is understood and agreed that the terms
    of this Agreement shall at all times govern the provision of Services by EBI.

  3.                  
    PRICING AND BILLING.  For the Services provided pursuant to this
    Agreement, Y-Tel's clients shall pre-pay Y-Tel per the pricing and provisions
    set forth in the attached relevant Annex(es).  In no event shall Y-Tel
    be liable for the fraudulent or illegal use of the Services by any customers
    or end-users,  If Y-Tel in good faith disputes any credit card amount,
    it shall submit to EBI within fifteen (15) days following receipt of such
    disputed invoice the written documentation identifying the disputed credit
    card amounts.  The Parties shall investigate the disputed amounts and
    upon mutual agreement, EBI may issue a credit.  Failure to contest a
    charge within thirty (30) days of the date of the invoice will create an irrefutable
    presumption of the correctness of the charge, absent manifest error. 
    Further, EBI shall have the right to set off any amounts due hereunder which
    are not paid when due against any amounts owed to EBI by Y-Tel or any of its
    affiliates or Clients pursuant to any other agreement or arrangement. In addition
    to the charges provided in the attached Annex(es) .

  4.                  
    DUTIES AND RESPONSIBILITIES. The Parties agree to the performance and
    delivery of services detailed below:

  EBI shall be responsible for the operations of the VoWLAN network, including
    but not limited to: ensuring the quality and reliability of the network, maintenance
    of equipment, contract negotiations for point to point terminations, and customer
    service. EBI will be responsible for all expenses related to performance of
    the above items, including labor, development and operating expenses. EBI
    will be responsible for paying any and all taxes related to operating the
    VoWLAN network. EBI will be responsible for finalizing the Agreement with
    Hewlett-Packard as it relates to the VoWLAN product.

  Y-Tel will be responsible for product distribution (phones utilized in the
    Network), and marketing of the VoWLAN network.  Y-Tel will be responsible
    for expenses related to such marketing activities including brochures, staff
    and travel expenses. Y-Tel will also be responsible for implementing the accounting
    systems and controls to ensure the collections of all revenues. Y-Tel will
    be responsible for paying all processing fees with Visa/Mastercard, American
    Express and Discover.

  5.                  
    SECURITY DEPOSIT.  Not Applicable

  6.                  
    NET OF TAXES.  All Services pricing and other charges due hereunder
    are exclusive of all applicable taxes, including value added tax, sales taxes,
    and duties or levies imposed by any authority, government or government agency,
    the payment of which shall be the sole responsibility of EBI, and EBI agrees
    to indemnify and hold Y-Tel harmless from any liability therefore.

  7.                  
    TERMINATION.  In addition to any other rights at law or in equity,
    EBI may immediately suspend the delivery of Services and/or terminate this
    Agreement in the event that Y-Tel (i) becomes insolvent or bankrupt or (ii)
    commits a breach of any of the terms of this Agreement and fails to remedy
    such breach within fifteen (15) days after receipt of written notice thereof
    from EBI.  A material breach is defined as a breach in the defined "Duties
    and Responsibilities" sections of this Agreement.

  8.                  
    LIMITATION OF LIABILITY.   EBI acknowledges that Y-Tel has
    no control over how a foreign administration or third party carrier establishes
    its own rules and conditions pertaining to international VOWLAN services. 
    EBI agrees that Y-Tel, its directors, officers, employees and agents shall
    not be liable for any loss or damage sustained by EBI, its interconnecting
    carriers, its customers or its end users due to any failure in or breakdown
    of the communication facilities associated with providing the Services, for
    any delay, interruption or degradation of the Services whatsoever shall be
    the cause or duration thereof, or for any other cause or claim whatsoever
    arising under this Agreement.  In no event shall either Party be liable
    to the other Party for consequential, special or indirect losses or damages
    sustained by Y-Tel or EBI or any third parties in using the Service howsoever
    arising and whether under contract, tort or otherwise (including, without
    limitation, third party claims, loss of profits, loss of customers or damage
    to reputation or goodwill).

  9.                  
    FORCE MAJEURE.  No failure or omission by either Party to carry
    out or observe any of the terms and conditions of this Agreement (other than
    any payment obligation) shall give rise to any claim against such Party or
    be deemed a breach of this Agreement if such failure or omission arises from
    an act of God, an act of Government, any cause reasonably beyond the control
    of a Party, or any other circumstance commonly known as force majeure. 

  10.               
    PUBLICITY, CONFIDENTIALITY.  For a period of two (2) years from
    the termination date of this Agreement, each Party shall maintain the confidentiality
    of all information or data of any nature ("Information") provided to it by
    the other Party hereto, provided such Information contains a conspicuous marking
    identifying it as "Confidential" or "Proprietary" or is inherently of a confidential
    nature (i.e., customer or cost data).  For purposes of this Article,
    this Agreement and all of its Annexes shall be considered "Confidential". 
    Each Party shall use the same efforts (but in no case less than reasonable
    efforts) to protect the Information it receives hereunder as it accords to
    its own Information.  The above requirements shall not apply to Information
    that is already in the possession of the receiving Party through no breach
    of an obligation of confidentiality to the disclosing Party or any third party,
    is already publicly available through no breach of this Agreement or has been
    previously independently developed by the receiving Party.  This Agreement
    shall not prevent any disclosure of Information pursuant to applicable law
    or regulation, provided that prior to making such disclosure, the receiving
    Party shall use reasonable efforts to notify the disclosing Party of this
    required disclosure.  Each Party acknowledges that its breach or threatened
    breach of this Section may cause the Disclosing Party irreparable harm, which
    would not be adequately compensated by monetary damages.  Accordingly,
    in the event of any such breach or threatened breach, the Receiving Party
    agrees that equitable relief, including temporary or permanent injunctions,
    is an available remedy in addition to any legal remedies to which the Disclosing
    Party may be entitled.  At the request of the Disclosing Party upon termination
    of this Agreement or at any time or from time to time thereafter, the Receiving
    Party shall, as promptly as practicable and in all cases within five (5) days
    of such request, deliver to Disclosing Party all proprietary information of
    Disclosing Party then in Receiving Party's possession or under Receiving Party's
    control or, in lieu thereof, Receiving Party may destroy all of Receiving
    Party's copies of such proprietary information and certify to Disclosing Party
    in writing that such destruction has been accomplished.     

  11.               
    DISCLOSURE.  Without obtaining the prior written consent of the
    other Party hereto, a Party shall not (i) refer to itself as an authorized
    representative of the other Party in promotional, advertising or other materials;
    (ii) use the other Party's logos, trade marks, service marks, or any variations
    thereof in any of its promotional, advertising, or other materials, or (iii)
    release any public announcements referring to the other Party or this Agreement
    without first having obtained said Party's prior written consent.  Notwithstanding
    the foregoing, EBI is hereby expressly authorized to identify Y-Tel as its
    customer for Services for the limited purpose of the periodic issuance of
    marketing and/or publicity announcements. 

  12.               
    NOTICES.  All notices, requests or other communications hereunder
    shall be in writing, addressed to the Parties at the address indicated in
    the caption of this Agreement or as otherwise stated in the relevant Annex
    hereto.  Notices mailed by registered or certified mail shall be deemed
    received by the addressee on the fifth business day following the mailing
    or sending thereof.  Notices sent by telex, facsimile or electronic mail
    shall be conclusively deemed to have been received when the delivery confirmation
    is received.  Any notice of change of address shall be deemed received
    only when actually received.

  COMPLIANCE WITH LAWS.  This Agreement and its continuance hereof
    is contingent upon the obtaining and the                                           
    continuance of such approvals, consents, governmental and regulatory authorizations,
    licenses and permits  as may be required or   deemed necessary
    by the Parties, and the Parties shall use commercially reasonable efforts
    to obtain and continue same in full force and effect.  Y-Tel shall not
    use the Services in any manner or for any purpose, which constitutes a violation
    of applicable laws in   any jurisdiction in which the Services are
    being provided and shall indemnify EBI against any such unlawful use of the
    Services. 

  13.               
    SEVERABILITY AND WAIVER.  If any part or any provision of this
    Agreement is or becomes illegal, invalid or unenforceable, that part or provision
    shall be ineffective to the extent of such invalidity or unenforceability
    only, without in any way affecting the validity or enforceability of the remaining
    parts of said provision or the remaining provisions of this Agreement. 
    No waiver by either Party to any provisions of this Agreement shall be binding
    unless made in writing.

  14.               
    RELATIONSHIP OF THE PARTIES.  The relationship between the Parties
    shall not be a partnership, joint venture or a merger of their assets or their
    fiscal or other liabilities or undertakings.  Neither Party shall have
    the right to bind the other Party, except as expressly provided for herein. 
    This Agreement is exclusive.  This Agreement shall be deemed to prevent
    either Party from entering into an agreement or negotiation of similar kind
    or nature with third parties.  All persons employed by either Party in
    connection with the Services provided under this Agreement shall be considered
    employees or agents of such party only, and shall in no way, either directly
    or indirectly, be considered employees or agents of the other Party.

  15.               
    DISPUTES.  In the case of any dispute between the Parties hereto
    arising from this Agreement or in connection with any action, proceeding or
    counterclaim based on or arising out of, under, or in connection with any
    document or instrument executed between the Parties, that has not been resolved
    through negotiation between the parties, such dispute shall be settled and
    determined through arbitration in accordance with the Rules of Commercial
    Arbitration of the United States Arbitration Association. Any arbitration
    pursuant to this Agreement or based on or arising out of, under, or in connection
    with any document or instrument executed between the Parties, shall be held
    in Broward County, and shall be conducted by a single arbitrator. The written
    decision of the arbitrator so selected shall be binding, final and conclusive
    on the parties. The prevailing party in any arbitration (subject to the discretion
    of the arbitrator) shall recover its expenses and costs including reasonable
    attorney's fees from the other Party. Notwithstanding the foregoing or anything
    contained herein or in any document or instrument executed between the parties,
    with respect to billing procedures, failure to contest a charge within thirty
    (30) days of the date of the invoice will create an irrefutable presumption
    of the correctness of the charge, absent manifest error.

  16.               
    GOVERNING LAW, VENUE AND WAIVER OF JURY TRIAL.  This Agreement
    will be governed by and construed in accordance with the Laws of Broward County,
    Florida.  Any action regarding the duties and obligations contained herein
    will be brought only in Broward County. The parties hereto hereby knowingly,
    irrevocably, voluntarily and intentionally waive the right to trial by jury
    in any action regarding this Agreement or in connection with any action, proceeding
    or counterclaim based on or arising out of, under, or in connection with any
    document or instrument executed in connection with this agreement, or any
    course of conduct, course of dealing, statements (whether verbal or written)
    or action of any party hereto. This release shall be binding upon and inure
    to the benefit of the parties, their affiliates and successors.

  17.               
    COUNTERPARTS.  This Agreement may be executed in any number of
    counterparts, any one and all of which shall constitute the Agreement of the
    parties and each of which shall be deemed an original.

  18.               
    ENTIRE AGREEMENT.  This Agreement, including the relevant Annexes
    thereto represents the entire understanding between the Parties in relation
    to the matters herein and supersedes all previous agreements whether oral
    or written made between the Parties in relation to the subject matter hereof. 
    Except as otherwise agreed herein, this Agreement may only be modified by
    a writing signed by authorized representatives of both Parties.  The
    headings in this Agreement are for convenience of reference and shall not
    affect its construction or interpretation.  In the event of any conflict,
    inconsistency or ambiguity between the provisions of this Agreement, any Annex
    and/or the Tariffs, the interpretation shall be resolved by giving precedence
    to such documents in the following descending order:  (a) the Annexes;
    (b) the Agreement.

  IN WITNESS WHEREOF, the Parties have executed this Agreement in duplicate,
    or caused this Agreement to be executed in duplicate by a duly authorized
    officer, as of the date first above written.

  EBI, INC.                                      
                                                  
                  
    Y-Tel International, LLC

  By:   /s/ Edward Stackpole                                         
                                   
    By:/s/ Steve Lipman                                           

  Name: Edward Stackpole                                           
                                   
    Name: Steve Lipman                                           

  Title: President                                                            
                                   
    Title: President                                                    

  SCHEDULE OF ANNEXES

  THIS SCHEDULE OF ANNEXES is subject to the terms and conditions of
    the VoWLAN Marketing AGREEMENT entered into between EBI Communications,
    Inc ("EBI") and Y-Tel International, LLC  ("Y-Tel")
    dated      .

  ANNEX                                                                                
    SERVICE DESCRIPTION                                                   

  ANNEX 1                                                                              Fees
    and Commissions

     ANNEX 2                                                             
                   
    International rates

  

  ANNEX 1

  Y-Tel agrees to pay a one time Exclusive Marketing Fee of One Hundred Thousand
    U.S. Dollars ($100,000).

  Payable Five Thousand ($5,000) upon signature and Ninety Thousand U.S.Dollars 
    ($95,000) within thirty days.

  and Three Hundred Thousand shares of Y-Tel stock.

  Y-Tel agrees to pay EBI fifty percent (50%) of the gross revenue resulting
    from customers using the VoWlan network. Payments will be made on a bi-monthly
    basis with cutoff dates on the fifteenth and the end of the month. Payments
    will be issued within seven days following the end of each cutoff cycle.

  Additionally, Y-Tel agrees to pay EBI fifty percent (50%) of the net revenue
    resulting from the sale of all Network Phones.  Net Revenue is defined
    as Gross Sales minus the cost of the phones. Payments will be made by the
    fifteenth day of the month following the month for which sales were made.

  IN WITNESS WHEREOF, the Parties have executed this Annex, or caused
    this Annex to be executed by a duly authorized officer, as of the date first
    above written.

  EBI Communications, Inc.                                
                  
                  
    Y-Tel International, LLC                    

  By: _________________________________                                           
    By: _________________________________

  Name:_______________________________                                            
    Name: _______________________________

  Title:________________________________                                           
    Title: ______________________________

  ANNEX 2 –

  IN WITNESS WHEREOF, the Parties have executed this Rate Schedule,
    or caused this Rate Schedule to be executed by a duly authorized officer,
    as of the date first above written.

   EBI Communications, Inc.                                       
                  
                 
    Y-Tel International, LLC                     

  By: _________________________________                                   
    By: _________________________________

  Name:_______________________________                                    
    Name: _______________________________

  Title:________________________________                                   
    Title: _______________________________Exhibit 10.29

                                                                    [Execution]

                          AMENDMENT NO. 5 AND CONSENT
                                       TO
                          LOAN AND SECURITY AGREEMENT

                                                October 1, 2004

Congress Financial Corporation (Southern)
200 Galleria Parkway, Suite 1500
Atlanta, Georgia 30339

            Re:   Loan and Security Agreement, dated October 11, 2000

Ladies and Gentlemen:

      Congress Financial Corporation (Southern) ("Lender") and Valentec Wells,
LLC, formerly known as Valentec International Corporation, LLC ("Valentec"),
Safety Components Fabric Technologies, Inc. ("SCFT"), Automotive Safety
Components International, Inc. ("Automotive International"), Automotive Safety
Components International GmbH & Co. KG ("German Borrower"), Automotive Safety
Components International Limited ("UK Borrower" and together with Valentec,
SCFT, Automotive International and German Borrower, individually each a
"Borrower" and collectively, "Borrowers"), Safety Components International, Inc.
("Safety"), ASCI Holdings Germany (DE), Inc. ("ASCI Germany"), ASCI Holdings
U.K. (DE), Inc. ("ASCI UK"), ASCI Holdings Mexico (DE), Inc. ("ASCI Mexico"),
ASCI Holdings Czech (DE), Inc. ("ASCI Czech"), Automotive Safety Components
International, S.A. de C.V. ("Automotive Safety Mexico") and Automotive Safety
Components International s.r.o. ("Automotive Safety Czech" and together with
Safety, ASCI Germany, ASCI UK, ASCI Mexico, ASCI Czech and Automotive Safety
Mexico, each individually a "Guarantor" and collectively, "Guarantors") have
entered into financing arrangements pursuant to which Lender has made and may
make loans and advances to Borrowers as set forth in the Loan and Security
Agreement, dated October 11, 2000, by and among Lender, Borrowers and
Guarantors, as amended by Amendment No. 1 and Consent to Loan and Security
Agreement, dated as of November 2, 2001, Amendment No. 2 to Loan and Security
Agreement, dated as of October 11, 2002, Amendment No. 3 and Consent to Loan and
Security Agreement, dated as of October 8, 2003, and Amendment No. 4 to Loan and
Security Agreement, dated as of July 20, 2004 (as the same now exists or may
hereafter be amended, modified, supplemented, extended, renewed, restated or
replaced, the "Loan Agreement") and other agreements, documents and instruments
referred to therein or at any time executed and/or delivered in connection
therewith or related thereto, together with this Amendment (all of the
foregoing, including the Loan Agreement, as

<PAGE>

the same now exist or may hereafter be amended, modified, supplemented,
extended, renewed, restated or replaced, being collectively referred to herein
as the "Financing Agreements"). All capitalized terms used herein shall have the
meaning assigned thereto in the Loan Agreement, unless otherwise defined herein.

      Borrowers and Guarantors have requested that Lender (i) consent to the
purchase by German Borrower of seventy-five (75%) percent of the shares of a
limited liability company organized under the laws of the Republic of South
Africa and expected to be renamed Automotive Safety Components International GT
(Proprietary) Limited ("Safety South Africa" as hereinafter further defined),
the other 25% of the shares of which will be purchased by KAP Textile Holdings
SA Ltd. ("Gelvenor") and which, prior to the purchase of such shares by German
Borrower and Gelvenor, has no assets or liabilities and has not engaged in any
business, (ii) consent to the transfer by German Borrower to Safety South Africa
of certain equipment and parts described on Exhibit A hereto (the "Safety SA
Equipment"), and (iii) agree to amend the Loan Agreement to, among other things,
provide for certain investments by Borrowers and Guarantors in Automotive Safety
South Africa.

      Lender is willing to agree to such requests subject to the terms and
conditions contained herein.

      In consideration of the forgoing and the agreements and covenants
contained herein, and for other good and valuable consideration, the adequacy
and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

      1. Consent. Subject to the terms and conditions contained herein,
notwithstanding anything to the contrary set forth in Sections 8.1, 7.4(e),
9.7(c), or 9.10 of the Loan Agreement, Lender hereby consents to (a) the
purchase of seventy-five (75%) percent of the shares of Safety South Africa, (b)
the cash investment by German Borrower in Safety South Africa of up to the US
Dollar Equivalent of $5,000, and (c) the transfer by German Borrower to Safety
South Africa of title to the Safety SA Equipment, the relocation of the Safety
SA Equipment to South Africa and the contribution in kind of up to the US Dollar
equivalent of (euro) 324,021 in respect of the shipping of the Safety SA
Equipment, the assembling of the Safety SA Equipment at the plant of Safety
South Africa, the establishing of the production process, certain know-how for
the manufacturing, marketing and distribution of airbags, initial management,
technical support and legal support (legal fees); provided, that, (i) the
actions contemplated by clauses (a) and (b) shall have occurred by no later than
October 15, 2004 and (ii) as to each transfer of title to the Safety SA
Equipment by German Borrower to Safety South Africa and the relocation of such
Safety SA Equipment to a premises of Safety South Africa which may occur from
time to time after the date hereof, the following conditions have been
satisfied: (A) Safety shall provide notice to Lender within ten (10) Business
Days after the later to occur of the transfer of title and relocation of any of
the Safety SA Equipment, (B) all such transfers shall have been completed by no
later than December 31, 2006 and (C) as of the date of any proposed transfer of
title or relocation and after giving effect thereto, no Event of Default or act,
condition or event which with notice or passage of time or both would constitute
an Event of Default shall exist or have occurred.

                                     - 2 -
<PAGE>

      2. Amendments.

            (a) Definitions.

                  (i) Amendments to Definitions. The definition of "Subsidiary"
in Section 1.109 of the Loan Agreement is hereby amended by deleting the
following proviso "provided, that, the term Subsidiary shall not include Safety
Asia, Safety HK, or Safety Romania, or any subsidiary of any of them" at the end
of such definition and replacing it with the following: "provided, that, the
term Subsidiary shall not include Safety Asia, Safety HK, Safety Romania, or
Safety South Africa, or any subsidiary of any of them".

                  (ii) Additional Definitions. The following terms shall have
the meanings given to them below and the Loan Agreement shall be deemed and is
hereby amended to include, in addition and not in limitation, the following
definitions:

                        (A) "Amendment No. 5" shall mean Amendment No. 5 and
Consent to Loan and Security Agreement, dated October 1, 2004, by and among
Lender, Borrowers and Guarantors.

                        (B) "Gelvenor" shall mean KAP Textile Holdings SA Ltd.
(formerly named Da Gama Textiles Company Limited), a company organized under the
laws of the Republic of South Africa, and its successors and assigns.

                        (C) "Safety SA Equipment" shall mean the Equipment to be
transferred by German Borrower to Safety South Africa after the date hereof
listed on Exhibit A hereto.

                        (D) "Safety South Africa" shall mean the limited
liability company organized under the laws of the Republic of South Africa and
expected to be named Automotive Safety Components International GT (Proprietary)
Limited, and its successors and assigns.

                        (E) "Safety SA Shareholders' Agreement" shall mean the
Shareholders' Agreement, dated on or after the date hereof, by and among
Gelvenor, German Borrower and any additional shareholders in Safety South
Africa, as the same may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced.

            (b) Loans, Investments and Guarantees.

                  (i) Section 9.10 of the Loan Agreement is hereby amended by
deleting clause (m) of such Section in its entirety and replacing it with the
following:

            "(m) notwithstanding anything to the contrary set forth in the June
      2004 Consent, unsecured loans by any Borrower or Guarantor to Automotive
      Safety Czech, Automotive Safety Mexico, Safety Asia, Safety HK, Safety
      Romania, and Safety South Africa, provided, that, as to any such loan,
      each of the following

                                     - 3 -
<PAGE>

      conditions is satisfied as determined by Lender in good faith: (i) each
      month Borrowers and Guarantors shall provide to Lender a report in form
      and substance satisfactory to Lender of the amount of such loans made in
      the immediately preceding month, any repayments in connection therewith
      and the outstanding amount thereof as of the last day of the immediately
      preceding month, (ii) the Indebtedness arising pursuant to any such loan
      shall not be evidenced by a promissory note or other instrument, unless,
      the single original of such note or other instrument is delivered to
      Lender to hold as part of the Collateral, with such endorsement and/or
      assignment by the payee of such note or other instrument as Lender may
      require, (iii) as of the date of the making of such loan and after giving
      effect thereto, the Borrower or Guarantor making such loan is and shall be
      Solvent, (iv) if the loan is made by a Borrower, as of the date of the
      making of such loan and after giving effect thereto, the weekly average
      Excess Availability of the Borrower making such loan for each of the
      immediately preceding four weeks shall have been not less than the US
      Dollar Equivalent of US$1,000,000, (v) such loans are permitted under the
      laws and regulations applicable to each such Borrower or Guarantor and the
      recipient of any such loans, (vi) as of the date of the making of such
      loan and after giving effect thereto, no Event of Default or act,
      condition or event which with notice or passage of time or both would
      constitute an Event of Default shall exist or have occurred, (vii) as of
      the date of the making of such loan and after giving effect thereto, the
      aggregate weekly average Excess Availability of all US Borrowers for each
      of the immediately preceding four weeks shall have been not less than the
      US Dollar Equivalent of US$5,000,000, (viii) the amount of all such loans
      to Automotive Safety Czech, Automotive Safety Mexico, Safety Asia, Safety
      HK, Safety Romania, and Safety South Africa shall not exceed $10,000,000
      in the aggregate and (ix) as of the date of the making of such loan,
      Adjusted Pre-Tax Income of the Borrower or Guarantor making such loan for
      each of the two most recently ended fiscal quarters shall have been
      greater than zero;"

                  (ii) Section 9.10 of the Loan Agreement is hereby amended by
(a) deleting the period at the end of clause (t) thereof and replacing it with
"; and" and (b) adding at the end of such Section a new clause (u) as follows:

            "(u) unsecured loans by Safety South Africa to German Borrower made
      after the date of Amendment No. 5 in the amount of the excess cash flow of
      Safety South Africa made at such times and as determined pursuant to the
      Safety SA Shareholders' Agreement (as in effect on the date delivered to
      Lender pursuant to Section 6 of Amendment No. 5); provided, that, as to
      any such loan, each of the following conditions is satisfied as determined
      by Lender: (i) the Indebtedness arising pursuant to such loan is subject
      to, and subordinate in right of payment to, the right of Lender to receive
      the prior indefeasible payment and satisfaction in full of all of the
      Obligations on terms and conditions acceptable to Lender, (ii) Lender
      shall have received, in form and substance satisfactory to Lender, the
      Safety SA Shareholders' Agreement (as in effect on the date delivered to
      Lender

                                     - 4 -
<PAGE>

      pursuant to Section 6 of Amendment No. 5) and a subordination agreement
      providing for the terms of the subordination in right of payment of such
      Indebtedness of German Borrower to the prior final payment and
      satisfaction in full of all of the Obligations, duly authorized, executed
      and delivered by Safety South Africa and German Borrower, (iii) German
      Borrower shall not amend, modify, alter or change the terms of the Safety
      SA Shareholders' Agreement (as in effect on the date delivered to Lender
      pursuant to Section 6 of Amendment No. 5) and the terms of such loans made
      pursuant thereto, (iv) German Borrower shall not, directly or indirectly
      make, or be required to make, any principal payments in respect of such
      Indebtedness; provided, that, if, following the end of any fiscal year of
      Safety South Africa, the shareholders of Safety South Africa determine, in
      accordance with the procedures established in the Safety SA Shareholders'
      Agreement (as in effect on the date delivered to Lender pursuant to
      Section 6 of Amendment No. 5), that any portion of the loans made by
      Safety South Africa to German Borrower during such fiscal year must be
      repaid by German Borrower (any such amount, the "Repayment Amount"),
      German Borrower may pay to Safety South Africa the Repayment Amount so
      long as (A) such payment is made within thirty (30) days of the end of
      each fiscal year of Safety South Africa, (B) as of the date of the making
      of such payment and after giving effect thereto, the aggregate weekly
      average Excess Availability of all US Borrowers for each of the
      immediately preceding four weeks shall have been not less than the US
      Dollar Equivalent of US$5,000,000, (C) as of the date of the making of
      such payment and after giving effect thereto, the aggregate weekly average
      Excess Availability of German Borrower for each of the immediately
      preceding four weeks shall have been not less than the US Dollar
      Equivalent of US$500,000, (D) on or before the date of such payment,
      German Borrower shall furnish to Lender, evidence, in form and substance
      satisfactory to Lender, that the amount of the loans made by Safety South
      Africa to German Borrower in such fiscal year (other than the Repayment
      Amount) are deemed by Safety South Africa to be cancelled, discharged and
      paid in full, and (E) as of the date of the making of such payment and
      after giving effect thereto, no Event of Default of act, condition or
      event which with notice or passage of time or both would constitute an
      Event of Default shall exist of have occurred, (v) each month, German
      Borrower shall provide to Lender a report in form and substance
      satisfactory to Lender of the amount of such loans made in the immediately
      preceding month, any repayments in connection therewith and the
      outstanding amount thereof as of the last day of the immediately preceding
      month, (vi) Indebtedness arising pursuant to such loans shall not be
      evidenced by a promissory note or other instrument, unless the single
      original of such note or other instrument is delivered to Lender to hold
      as part of the Collateral, with such endorsement and/or assignment by the
      payee of such note or other instrument as Lender may require, and (vii)
      within thirty (30) days of the end of any fiscal year of Safety South
      Africa, unless delivered to Lender pursuant to clause (iii)(D) above,
      German Borrower shall furnish to Lender, evidence, in form and substance
      satisfactory to Lender, that the amount of the loans made by Safety South
      Africa to German Borrower in such fiscal year (other

                                     - 5 -
<PAGE>

      than any Repayment Amount) are deemed by Safety South Africa to be
      cancelled, discharged and paid in full."

      3. Representations, Warranties and Covenants. Each Borrower and Guarantor,
jointly and severally, represents, warrants and covenants with and to Lender as
follows, which representations, warranties and covenants are continuing and
shall survive the execution and delivery hereof, the truth and accuracy of, or
compliance with each, together with the representations, warranties and
covenants in the other Financing Agreements, being a continuing condition of the
making or providing of any Loans or Letter of Credit Accommodations by Lender to
Borrowers:

            (a) neither the execution and delivery of this Amendment, or the
documents, agreements or instruments executed or delivered in connection
therewith or related thereto (collectively, together with this Amendment, the
"Amendment Documents") nor the consummation of the transactions herein or
therein contemplated, nor compliance with the provisions hereof or thereof are
in contravention of any law or regulation or any order or decree of any court or
Governmental Authority applicable to Borrowers or Guarantors or any of their
respective Subsidiaries in any respect, or conflict with or result in the breach
of, or constitutes a default in any respect under any mortgage, deed of trust,
security agreement, agreement or instrument to which any Borrower or Guarantor
is a party or may be bound, or violates any provision of the Certificate of
Incorporation or By-Laws (or similar organizational documents) of any Borrower
or Guarantor;

            (b) the Amendment Documents have been duly authorized, executed and
delivered by all necessary action on the part of each Borrower and Guarantor
which is a party hereto and thereto and, if necessary, their respective equity
holders, and the agreements and obligations of each Borrower and Guarantor
contained herein and therein constitute legal, valid and binding obligations of
each Borrower and Guarantor enforceable against such entities in accordance with
their respective terms, except as such enforceability may be limited by
bankruptcy, insolvency, moratorium or similar laws limiting creditors' rights
generally and by general equitable principles;

            (c) no consent, approval or other action of, or filing with or
notice to any Governmental Authority is required in connection with the
execution, delivery and performance of any of the Amendment Documents by any
Borrower or Guarantor;

            (d) all of the representations and warranties set forth in the Loan
Agreement and the other Financing Agreements, each as amended hereby, are true
and correct in all material respects on and as of the date hereof as if made on
the date hereof, except to the extent any such representation or warranty is
made as of a specified date, in which case such representation or warranty shall
have been true and correct as of such date;

            (e) prior to the date on which each of German Borrower and Gelvenor
have purchased the shares in Safety South Africa contemplated by the Safety SA
Shareholders'

                                     - 6 -
<PAGE>

Agreement, Safety South Africa has no assets or liabilities and has not engaged
in any business activities or other activities;

            (f) Safety, Automotive International, ASCI Germany and German
Borrower each represent that Safety South Africa and any of its subsidiaries
shall not engage in any business other than the businesses of Safety and its
Subsidiaries on the date hereof and any businesses reasonably related, ancillary
or complementary to the businesses in which Safety and its Subsidiaries are
engaged on the date hereof which businesses shall be operated by Safety South
Africa and any of its subsidiaries in the Republic of South Africa, and upon
reasonable request by Lender, Borrowers and Guarantors shall provide Lender
information with respect to the assets, liabilities, obligations or operations
of Safety South Africa and any of its subsidiaries, including but not limited to
any tax returns filed by or on behalf of Safety South Africa and any of its
subsidiaries in any jurisdiction;

            (g) as of the date on which each of German Borrower and Gelvenor
have purchased the shares in Safety South Africa contemplated by the Safety SA
Shareholders' Agreement, German Borrower shall own seventy-five (75%) percent of
Safety South Africa and Gelvenor shall own twenty-five (25%) percent;

            (h) the net book value of the Safety SA Equipment is set forth on
Exhibit A hereto;

            (i) Borrowers and Guarantors have delivered to Lender true, correct
and complete copies of the Amendment Documents;

            (j) Safety, Automotive International, ASCI Germany and German
Borrower shall provide Lender with fifteen (15) days prior written notice of the
formation of any subsidiaries of Safety South Africa or any of its subsidiaries
and shall provide Lender with such other further information as Lender shall
reasonably request with respect thereto; and

            (k) no Event of Default or act, condition or event which with notice
or passage or time or both would constitute an Event of Default, exists or has
occurred and is continuing after giving effect to the provisions hereof.

      4. Amendment Fee. In consideration of the amendments set forth herein,
Borrowers shall on the date hereof, pay to Lender, and Lender may, at its
option, charge the account of Borrowers maintained by Lender, a fee in the
amount of $5,000, which fee shall constitute part of the Obligations and is
fully earned and payable on the date hereof.

      5. Conditions Precedent. The amendments set forth herein shall be
effective upon the satisfaction of each of the following conditions precedent in
a manner satisfactory to Lender:

            (a) Lender shall have received an original of this Amendment, duly
authorized, executed and delivered by Borrowers and Guarantors;

                                     - 7 -
<PAGE>

            (b) all requisite corporate action and proceedings in connection
with this Amendment and the other Amendment Documents shall be in form and
substance satisfactory to Lender, and Lender shall have received all information
and copies of all documents, including records of requisite corporate action and
proceedings which Lender may have requested in connection therewith, such
documents where requested by Lender or its counsel to be certified by
appropriate corporate officers or governmental authorities;

            (c) Lender shall have received payment in full of the outstanding
principal amount of the Term Loan made by Lender to German Borrower, plus all
interest, costs, expenses and other charges payable under the charges payable
under the Loan Agreement in connection therewith;

            (d) Lender shall have received the fee referred to in Section 4
hereof;

            (e) no Event of Default or act, condition or event which with notice
or passage of time or both would constitute an Event of Default shall exist or
have occurred and be continuing after giving effect to the provisions hereof;

            (f) Lender shall have received a true and correct copy of any
consent, waiver or approval to or of this Amendment or any of the other
Amendment Documents, which any Borrower or Guarantor is required to obtain from
any other Person, and such consent, approval or waiver shall be in form and
substance satisfactory to Lender; and

            (g) the aggregate Excess Availability of Borrowers as determined by
Lender, as of the effective date of this Amendment, shall be not less than US
Dollar Equivalent of US$10,000,000 after giving effect to the transactions
contemplated hereunder.

      6. Additional Items To Be Delivered. Each Borrower and Guarantor hereby
agrees that, in addition to all other terms, conditions and provisions set forth
in the other Financing Agreements, Borrowers and Guarantors shall deliver or
cause to be delivered to Lender, in form and substance satisfactory to Lender,
as soon as possible, but in any event by no later than (a) October 31, 2004, a
written description of any potential tax liability under the Federal Republic of
Germany and the Republic of South Africa as a result of the loans and any
payments made with respect thereto under Section 9.10(u) of the Loan Agreement,
and (b) December 31, 2004, (i) true, correct and complete copies of the Articles
of Association of Safety South Africa, (ii) Safety SA Shareholders' Agreement,
and (iii) the Subordination Agreement, duly authorized, executed and delivered
by Safety South Africa in favor Lender.

      7. General.

            (a) Effect of this Amendment. Except as expressly provided herein,
no other changes or modifications to the Financing Agreements are intended or
implied, and in all other respects the Financing Agreements are hereby
specifically ratified, restated and confirmed by all parties hereto as of the
date hereof. To the extent any conflict exists between the terms of this
Amendment and the Financing Agreements, the terms of this Amendment shall
control.

                                     - 8 -
<PAGE>

            (b) Additional Events of Default. The parties hereto acknowledge,
confirm and agree that the failure of Borrowers or Guarantors to comply with the
covenants, conditions and agreements contained herein and the failure of Safety
South Africa to comply with the Subordination Agreement to be delivered pursuant
to Section 6 hereof, shall, in each case, constitute an Event of Default under
the Financing Agreements subject to the cure period set forth in Section
10.1(a)(ii) of the Loan Agreement.

            (c) Further Assurances. The parties hereto shall execute and deliver
such additional documents and take such additional actions as may be necessary
to effectuate the provisions and purposes of this Amendment.

            (d) Governing Law. The rights and obligations hereunder of each of
the parties hereto shall be governed by and interpreted and determined in
accordance with the internal laws of the State of New York (without giving
effect to principles of conflicts of laws or other rules of law that would
result in the application of the law of any jurisdiction other than the State of
New York).

            (e) Binding Effect. This Amendment is binding upon and shall inure
to the benefit of Lender, Borrowers, Guarantors and their respective successors
and assigns. Any amendment contained herein shall not be construed to constitute
an amendment to any other or further action by Borrowers or Guarantors or to
entitle Borrowers or Guarantors to any other amendment. The Loan Agreement and
this Amendment shall be read and construed as one agreement.

            (f) Counterparts, etc. This Amendment may be executed in one or more
counterparts, each of which when so executed shall be deemed to be an original
but all of which when taken together shall constitute one and the same
instrument. In making proof of this Amendment, it shall not be necessary to
produce or account for more than one counterpart hereof signed by each of the
parties hereto. This Amendment may be executed and delivered by telecopier with
the same force and effect as if it were a manually executed and delivered
counterpart.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                     - 9 -
<PAGE>

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

                                     SAFETY COMPONENTS FABRIC
                                     TECHNOLOGIES, INC.

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

                                     AUTOMOTIVE SAFETY COMPONENTS
                                     INTERNATIONAL, INC.

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

                                     AUTOMOTIVE SAFETY COMPONENTS
                                     INTERNATIONAL GmbH & CO. KG

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

                                     AUTOMOTIVE SAFETY COMPONENTS
                                     INTERNATIONAL LIMITED

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

                                     VALENTEC WELLS, LLC (formerly known
                                     as Valentec International Corporation, LLC)

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

                       [SIGNATURES CONTINUED ON NEXT PAGE]

<PAGE>

                    [SIGNATURES CONTINUED FROM PREVIOUS PAGE]

                                     SAFETY COMPONENTS INTERNATIONAL, INC.

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

                                     ASCI HOLDINGS GERMANY (DE), INC.

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

                                     ASCI HOLDINGS U.K. (DE), INC.

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

                                     ASCI HOLDINGS MEXICO (DE), INC.

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

                                     ASCI HOLDINGS CZECH (DE), INC.

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

                                     AUTOMOTIVE SAFETY COMPONENTS
                                     INTERNATIONAL, S.A. de C.V.

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

                       [SIGNATURES CONTINUED ON NEXT PAGE]

<PAGE>

                    [SIGNATURES CONTINUED FROM PREVIOUS PAGE]

                                     AUTOMOTIVE SAFETY COMPONENTS
                                     INTERNATIONAL S.R.O.

                                     By:
                                         ---------------------------------------

                                     Title:
                                            ------------------------------------

AGREED:

CONGRESS FINANCIAL CORPORATION
(SOUTHERN)

By:
    -----------------------------------

Title:
       --------------------------------

<PAGE>

                                    Exhibit A
                                       to
                                 Amendment No. 5

                               Safety SA Equipment

--------------------------------------------------------------------------------
                                                                        Net Book
Program                 Asset No.     Description                         Value
                                                                         in EUR
--------------------------------------------------------------------------------
                        30-008        laser cutter; Lectra Focus 10      241,173
--------------------------------------------------------------------------------
SAB VW2                               gluing machine                       5,000
                        0771B         screen printer                       5,000
                        23-1003       hot press                            1,500
                        49-025        1-N DSST CNC BAS 370                 3,000
--------------------------------------------------------------------------------
PAB Ford C307 (40F)     49-016        CNC machine 00784                   10,000
                        49-1027       2N lock stitch manual                3,000
                        49-035        1N Flatbed Manual                    4,500
                        49-030        1N Flatbed Manual                    4,500
                        46-1016       2N Post Manual                       4,500
                        46-030        2N Post Manual                       4,500
                                      folding table                        5,000
--------------------------------------------------------------------------------
SAB Ford C307           43-1002       1N CNC Brother BAS342E              15,000
                        41-1031       2 needle DSST manual                 6,000
                        42-613        1N CNC machine                       5,000
--------------------------------------------------------------------------------
DAB Ford C307           49-1001       1-N DSST CNC Mitsubishi             18,000
                                      2516
                        41-1023       2-N DKST manual DA 195               5,000
                        49-034        1-N DSST CNC Brother                10,000
--------------------------------------------------------------------------------
SAB VW2                               printing screen                      2,000
                                      sewing jigs & tables                 8,000
                                      PC scanner                           2,000
                                      installation                         6,000
                                                                      ----------
                                                                          18,000
--------------------------------------------------------------------------------
PAB Ford C307 (40F)                   sewing jigs & tables                14,000
                                      machine repair                       8,000
                                      folding tables                       6,000
                                      PC scanner                           2,000
                                      metal detector                      10,000
                                      installation                        10,000
                                                                      ----------
                                                                          50,000
--------------------------------------------------------------------------------
SAB Ford C307                         sewing jigs & tables                 1,000
                                      PC scanner                           2,000
                                      installation                         2,000
                                                                      ----------
                                                                           5,000
--------------------------------------------------------------------------------

<PAGE>

--------------------------------------------------------------------------------
                                                                        Net Book
Program                 Asset No.     Description                         Value
                                                                         in EUR
--------------------------------------------------------------------------------
DAB Ford C307                         sewing jigs & tables                 4,000
                                      machine repair                      10,000
                                      PC scanner                           5,000
                                      installation                         2,000
                                                                      ----------
                                                                          19,000
--------------------------------------------------------------------------------
PAB BMW E90                           sewing jigs & tables                 3,000
                                      new sewing machines                 78,000
                                      PC scanner                           2,000
                                      installation                        10,000
                                                                      ----------
                                                                          93,000
--------------------------------------------------------------------------------
DAB BMW E90                           sewing jigs & tables                 9,000
                                      new sewing machines                 52,000
                                      PC scanner                           2,000
                                      installation                        10,000
                                                                      ----------
                                                                          73,000
--------------------------------------------------------------------------------
SAB GM Holden                         sewing jigs & tables                 2,000
                                      new sewing machines                 46,000
                                      PC scanner                           2,000
                                      metal detector                      10,000
                                      installation                        10,000
                                                                      ----------
                                                                          70,000
--------------------------------------------------------------------------------
PAB GM Holden                         sewing jigs & tables                 2,000
                                      new sewing machines                204,000
                                      PC scanner                           2,000
                                      installation                        10,000
                                                                      ----------
                                                                         218,000
--------------------------------------------------------------------------------
                                      spare parts:
--------------------------------------------------------------------------------
laser cutter                          laser gas (for 6 to 8 months)          700
--------------------------------------------------------------------------------
laser cutter                          mirrors, transmission,
                                      other spare parts                   12,000
--------------------------------------------------------------------------------
                                      spare part-pack between
sewing line                           EUR 750 and EUR 1,500
                                      per line                             8,000
--------------------------------------------------------------------------------
TOTAL:                                                                   917,373
--------------------------------------------------------------------------------

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