Document:

SCHEDULE "A"

                    TERMS AND CONDITIONS OF SEVERANCE PROGRAM

PROPOSED TERMS:(1)

Cause: Cause means, with respect to any Key Executive, the occurrence of any of
the following: (i) the commission of fraud, embezzlement or theft by the Key
Executive in connection with the Key Executive's duties; (ii) the intentional
wrongful damage to property of Safety Components by the Key Executive; (iii) the
intentional wrongful disclosure by the Key Executive of any secret process or
confidential information of Safety Components or their non-debtor affiliates;
(iv) the intentional violation of any non-disclosure, non-solicitation and
non-competition covenants to which the Key Executive is subject; (v) the Key
Executive's commission of (a) a felony or (b) a misdemeanor involving moral
turpitude; (vi) the Key Executive's intentional refusal to follow reasonable
directions or instructions of a more senior officer or the Board of Directors of
SCI as to which SCI has notified the Key Executive in writing and such refusal
shall have continued for a period of three (3) business days after receipt of
such notice; or (vii) a Key Executive's intentional or grossly negligent breach
of any stated material employment policy of SCI.

Change in Control: A Change in Control will be deemed to have occurred upon (i)
an acquisition by any person (the "Person") of Beneficial Ownership of the
shares of common stock of SCI then outstanding (the "Company Common Stock
Outstanding") or the voting securities of SCI then outstanding entitled to vote
generally in the election of directors (the "Company Voting Securities
Outstanding"); provided, however, that such acquisition of Beneficial Ownership
would result in the Person's Beneficially Owning 25% or more of the Company
Common Stock Outstanding or 25% or more of the combined voting power of the
Company Voting Securities Outstanding; and, provided, further, that immediately
prior to such acquisition such Person was not a direct or indirect Beneficial
Owner of 25% or more of the Company Common Stock Outstanding or 25% or more of
the combined voting power of Company Voting Securities Outstanding, as the case
may be; or (ii) approval by the stockholders of SCI of a reorganization, merger,
consolidation, complete liquidation or dissolution of SCI, sale or disposition
of all or substantially all of the assets of SCI, or similar corporate
transaction (in each case referred to herein as a "Corporate Transaction") or,
if consummation of such Corporate Transaction is subject, at the time of such
approval by stockholders, to the consent of any government or governmental
agency, the obtaining of such consent (either explicitly or implicitly); or
(iii) a change in the composition of the Board of Directors of SCI such that the
individuals who, as of the effective date of such Corporate Transaction (the
"Effective Date"), constitute the Board of Directors of SCI (such Board of
Directors of SCI shall be hereinafter referred to as the "Incumbent Board")
cease for any reason to constitute at least a majority of the Board of

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(1)  Capitalized terms not defined herein shall have the meanings ascribed to
     them in that certain Motion of Safety Components for Order, Pursuant to 11
     U.S.C. ss.ss. 105(a) and 363(b)(1), Approving and Authorizing
     Implementation of Employee Severance Program for Key Executives, dated May
     24, 2000 (the "Motion").

<PAGE>

Directors of SCI; provided, however, that any individual who becomes a member of
the Board of Directors of SCI subsequent to the Effective Date whose election,
or nomination for election by SCI's stockholders, was approved by a vote of at
least a majority of those individuals who are members of the Board of Directors
of SCI and who were also members of the Incumbent Board (or deemed to be such
pursuant to this proviso) shall be considered as though such individual were a
member of the Incumbent Board; but, provided, further, that any such individual
whose initial assumption of office occurs as a result of either an actual or
threatened election contest (as such terms are used in Rule l4a-11 of Regulation
14A under the Securities Exchange Act of 1934 (as amended from time to time),
including any successor to such Rule) or other actual or threatened solicitation
of proxies or consents by or on behalf of a Person other than the Board of
Directors of SCI shall not be so considered as a member of the Incumbent Board.
Notwithstanding the provisions set forth in subparagraphs (i), (ii) and (iii)
above, the following shall not constitute a Change in Control for purposes of
the Severance Program: (1) any acquisition by or consummation of a Corporate
Transaction with any subsidiary of SCI or an employee benefit plan (or related
trust) sponsored or maintained by SCI or an affiliate; or (2) an acquisition by
any Person or Persons of Beneficial Ownership of the shares of Company Common
Stock Outstanding or shares of Company Voting Securities Outstanding, or the
change in composition of the Board of Directors of SCI, if both (a) such
acquisition of Common Stock or the change in composition of the Board of
Directors of SCI results from an exchange of debt securities of the Company in
connection with a plan of reorganization (the "Plan") under chapter 11 of the
Bankruptcy Code and (b) employment contracts covering the Key Executives for the
period subsequent to the effective date of the Plan have been either assumed by
Safety Components, approved by the Bankruptcy Court or otherwise entered into by
SCI and such Key Executive.

Company or SCI: Company or SCI means Safety Components International, Inc.

Good Reason: Good reason means the Key Executive's voluntary termination of
employment within 60 days following the occurrence of any of the following: (a)
a change in the Key Executive's duties or responsibilities, or a change in the
Key Executive's reporting relationships, either of which results in or reflects
a material diminution of the scope or importance of the Key Executive's
responsibilities; (b) a reduction in the Key Executive's then current base
salary or annual target bonus; (c) a reduction in the level of benefits
available or awarded to such Key Executives under employee and officer benefit
plans and programs including, but not limited to, annual and long-term incentive
and stock-based plans and programs (other than as part of reductions in such
benefit plans or programs affecting similarly situated employees of Safety
Components); (d) any failure of any acquirer following a Change in Control to
agree to be bound by this Severance Program, or (e) a relocation of the Key
Executive's primary employment location which is more than 50 miles from his
current primary employment location; provided, however, that for Good Reason to
exist, the Key Executive must give the Company written notice, at least 30 days
prior to the date the Key Executive intends to terminate his employment,
providing a description of the events constituting Good Reason hereunder and, in
the event the Company corrects of cures such events prior to the conclusion of
such 30 day period, then Good Reason shall not exist hereunder.

                                       2
<PAGE>

Key Executive: Key Executive means only the following individuals: John C.
Corey, Brian P. Menezes, Stephen B. Duerk, and Daniel R. Smith.

Qualifying Termination of Employment: Qualifying Termination of Employment means
a Key Executive's termination of employment that occurs on account of any of the
following circumstances: (1) a termination of employment by the Company without
Cause (other than as a result of death or disability) or (2) a termination by
the Key Executive for Good Reason. Qualifying Termination of Employment shall
not include a termination of employment as a result of (a) death, (b)
disability, (c) retirement, (d) the Company's termination of the Key Executive's
employment for Cause, (e) the Key Executive's termination of employment for
reasons other than Good Reason.

Severance Benefits: Severance Benefits means, for each Key Executive, the cash
severance benefit and health insurance continuation provided for such Key
Executive in the chart below:

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
EXECUTIVE                              CASH SEVERANCE BENEFIT(2)                   HEALTH INSURANCE     ANNUAL BASE
                                                                                   CONTINUATION         SALARY
--------------------------------------------------------------------------------------------------------------------
<S>                                    <C>                                         <C>                  <C>
John C. Corey, President and Chief     An amount equal to 24 months of annual      24 months            $300,000
Operating Officer                      base salary ($600,000)
--------------------------------------------------------------------------------------------------------------------
Brian P. Menezes, Vice President and   An amount equal to 18 months of annual      18 months            $180,000
Chief Financial Officer                base salary ($270,000)
--------------------------------------------------------------------------------------------------------------------
Stephen B. Duerk, Vice President       An amount equal to 18 months of annual      18 months            $175,000
                                       base salary ($262,500)
--------------------------------------------------------------------------------------------------------------------
Daniel R. Smith, Assistant Secretary   An amount equal to 12 months of annual      12 months            $105,000
and Treasurer                          base salary ($105,000)
--------------------------------------------------------------------------------------------------------------------
</TABLE>

During the health insurance continuation period listed above, the Company shall
provide, at the same employee rates as the Key Executive paid prior to his
termination of employment, continued health insurance coverage as in effect from
time to time for the Key Executive and his dependents who were covered by the
Company's health insurance plan immediately prior to his termination of
employment, for the length of time indicated in the table above. Severance
Benefits shall not include continued participation in any incentive compensation
plans or benefit plans, other than the Company's health insurance plan.

TERMS OF SEVERANCE PLAN

Eligibility: If a Key Executive incurs a Qualifying Termination of Employment,
then such Key Executive will be entitled to receive, in the manner set forth
herein, the Severance Benefits (provided that if no Change in Control has
occurred, then such Key Executive shall execute a release with respect to the
Company substantially in the form annexed hereto). A Key Executive whose
employment terminates as a result of (i) death, (ii) disability, (iii) a
termination by the

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(2)  "Term of Entitlement" refers, with respect to each Key Executive, to the
     period of time that each such executive is entitled to receive severance
     benefits, as set forth in this column

                                       3
<PAGE>

Company for Cause, (iv) a termination by the Executive for reasons other than
Good Reason, or (v) retirement, shall not be eligible to receive any benefits
under the Plan. The Key Executive will not be entitled to severance under any
other plan, program, arrangement, or agreement with the Company or any other
Safety Components entity, and any other such payments or benefits to which the
Executive receives shall reduce, on a dollar for dollar basis, the payments and
benefits provided hereunder.

Timing and manner of severance benefits: Severance Benefits will be paid during
the Term of Entitlement for a Key Executive in the form of salary continuation
after a Key Executive incurs a Qualifying Termination of Employment in
accordance with the Company's normal payroll practices in existence as of the
date the Key Executive is severed.

Mitigation: Where a Key Executive has incurred a Qualifying Termination of
Employment, the cash component of the Severance Benefits received will be
subject to mitigation by any amount received as W-2 salary from a successor
employer, and the health insurance continuation component of the Severance
Benefits Group will be limited to the extent that the Key Executive becomes
covered by the group health insurance plan of a successor employer.
Notwithstanding the foregoing, there is no duty upon any Key Executive to seek
mitigation of the Severance Benefits provided hereunder.

Amendment or Termination. The Severance Program is subject to approval by the
Bankruptcy Court. The Severance Program may be amended or terminated by the
Company in its sole discretion; provided, however, that the Severance Program
cannot be amended or terminated in any manner which adversely affects the rights
of any Key Executive within: (i) twelve (12) months following the date of
adoption and (ii) in the event that a Change in Control occurs, three (3) months
preceding and twelve (12) months following the event that constitutes such
Change in Control.TAB 99 ASSIGNMENT AGREEMENT

THIS AGREEMENT MADE as of the 18th day of January A. D. 1999.

BETWEEN:  The TAB 99 SYNDICATE comprising Lloyd Frizzell of Grants Pass, Oregon,
          David  Vallandingham  of  Williams,  Oregon,  Richard Day of Salt Lake
          City,   Utah,  and  Gemexport   Limited  an   international   business
          corporation incorporated under the laws of Barbados,  having an office
          at the City of Grants Pass,  Oregon,  U.S.A.  (hereafter  collectively
          called "the Assignor")

                                OF THE FIRST PART

                                      -and-

          THE AMERICAS MINING CORPORATION, a body incorporated under the laws of
          the State of Utah,  U.S.A.,  and  having an office at Salt Lake  City,
          Utah, U.S.A. (herein after called "the Assignee")

                               OF THE SECOND PART

     WHEREAS the Assignor is the beneficial owner of the following mining claims
recorded in the name of Lloyd Frizzell:

          The TAB 99-1 through TAB 99-16 and TAB 99-25 claims  located in Sec 15
          Twp 41S Rng 9W of Willamette  Meridian,  Josephine County,  Oregon and
          TAB 99-17  through TAB 99-24 and TAB 99-26  through  TAB 99-31  claims
          located  in Twp 18N Rng 4E of  Humbolt  Meridian,  Del  Norte  County,
          California (hereinafter called the "Claims")

by virtue of a syndicate  agreement  dated December 1, 1998 (attached  hereto as
Exhibit  "A" and  made a part  hereof  and  hereinafter  called  the  "Syndicate
Agreement.")

     AND  WHEREAS  the  Assignor  has agreed to assign to the  Assignee  and the
Assignee  has agreed to purchase  the  Assignor's  interest in the Claims on the
terms and conditions hereinafter set forth.

     NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the sum of
one dollar now paid by the Assignee to the Assignor  (receipt of which is hereby
acknowledged by the Assignor) and of the covenants and agreements of the parties
hereto hereinafter set forth, the parties hereto do hereby covenant and agree as
follows:

TRANSFER OF INTEREST

1.1 The Assignor  hereby sells,  assigns,  transfers and conveys to the Assignee
all of its  interest in the Claims to have and to hold the same,  together  with
all benefit and advantage to be derived therefrom.
<PAGE>

1.2 The Assignee hereby purchases and accepts from the Assignor all its interest
in the Claims.

1.3 The  Assignor  does not  purport to convey and does not  warrant  any better
title to the Claims  hereby  assigned  than it now has or is entitled to receive
but  warrants  and  represents  to the Assignee  that it has not  encumbered  or
alienated any of its interest in the Claims conveyed hereunder.

ASSIGNOR'S COVENANTS

2.1 The Assignor  covenants and agrees with the Assignee that the Assignee shall
have all the rights of the  Assignor  with  respect  to the  Claims and  without
limiting the  generality of the  foregoing,  shall have the right to explore and
mine the properties contained within the Claims.

2.2 The Assignor  consents and agrees with the Assignee that it shall  indemnify
and save  harmless the Assignee  from and against all claims,  causes of action,
suits and  demands  by any person or persons  with  respect to the Claims  which
arise or may  arise as a result  of or in any  manner  connected  with an act or
omission occurring prior to the date of this agreement.

ASSIGNOR'S REPRESENTATIONS

3.1 The Assignor  represents and warrants that, as of the date of this agreement
the Claims are duly recorded and are in good standing.

3.2 The Assignor  represents and warrants that the assignment  contained  herein
does not contravene or result in a breach of the Syndicate Agreement.

ASSIGNEE'S COVENANTS

4.1  The  Assignee   covenants  and  agrees  that  it  shall,  as  part  of  the
consideration for the within assignment issue common shares of its capital stock
as now  constituted  to the members of the TAB 99  Syndicate  in the amounts set
forth below opposite their names:

                  Name                         Number of Shares
                  ----                         ----------------
                  Lloyd Frizzell                    100,000
                  David Vallandingham               100,000
                  Richard Day                       200,000
                  Gemexport Limited               2,000,000

4.2 The Assignee covenants and agrees with the Assignor that it shall assume the
Assignor's  obligations and burdens under the Claims and that it shall indemnity
and save  harmless the Assignor  from and against all claims,  causes of action,
suits and demands by any person or persons with respect to the Claims.

MUTUAL CONVENANTS

5.1 The parties  hereto  mutually  agree and  covenant to exchange  all relevant
information  concerning the Claims and the Syndicate Agreement in order that the
provisions of the Claims and  Syndicate  Agreements be complied with and further
agree that if the Assignee has received
<PAGE>

notice of a default and fails to remedy or dispute such default within 5 days of
receipt of the said notice  then the  Assignor  may, at the sole  expense of the
Assignee, remedy or dispute such default.

MISCELLANEOUS

6.1 This agreement  shall be governed and construed in accordance  with the laws
of the State of Oregon.

6.2 This agreement shall enure to the benefit of and be binding upon the parties
hereto,  their  respective  heirs,  executors,  administrators,  successors  and
assigns.

6.3 The parties  hereto agree to do such further and other acts and execute such
further and other documents as may be necessary to carry out the true intent and
meaning of this Agreement.

6.4 Notwithstanding  anything contained herein this agreement shall be effective
as of the 18th day of January 1999.

     IN WITNESS WHEREOF the parties hereto have hereunto executed this Agreement
as of the day and year first above written.

TAB 99 SYNDICATE                                 THE AMERICAS MINING CORPORATION

Per: /s/ Lloyd Frizzell                           Per: /s/ Richard Day
   ------------------------------------              ---------------------------
         Lloyd Frizzell                                     Richard Day

Per: /s/ David Vallandingham
   ------------------------------------
         David Vallandingham

Per: /s/ Richard Day
   ------------------------------------
         Richard Day

GEMEXPORT LIMITED

Per: /s/ Jurg Keller
   ------------------------------------
         Jurg Keller

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