Document:

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                                                                     Exhibit 4.2

                              PRESTIGE BRANDS, INC.

                    9-1/4% SENIOR SUBORDINATED NOTES DUE 2012

                          REGISTRATION RIGHTS AGREEMENT

                                                              New York, New York
                                                                   April 6, 2004

Citigroup Global Markets Inc.
Banc of America Securities LLC
Merrill Lynch, Pierce, Fenner &
        Smith Incorporated
As Representatives of the Initial Purchasers

c/o Citigroup Global Markets Inc.
388 Greenwich Street
New York, New York 10013

Ladies and Gentlemen:

          Prestige Brands, Inc., a corporation organized under the laws of the
state of Delaware (the "COMPANY"), proposes to issue and sell to Citigroup
Global Markets Inc., Banc of America Securities LLC and Merrill Lynch, Pierce,
Fenner & Smith Incorporated (the "INITIAL PURCHASERS"), $210,000,000 aggregate
principal amount of its 9-1/4% Senior Subordinated Notes due 2012 (the "NOTES"
and, together with the Guarantees (as defined below) the "SECURITIES"), upon the
terms set forth in the Purchase Agreement among the Company, the Guarantors (as
defined below) and the Initial Purchasers, dated March 30, 2004 (the "PURCHASE
AGREEMENT"), relating to the initial placement (the "INITIAL PLACEMENT") of the
Securities. The Notes are guaranteed (the "GUARANTEES") on an unsecured senior
subordinated basis by Prestige Brands International, LLC ("PRESTIGE
INTERNATIONAL"), Prestige Products Holdings, Inc. and each of the entities set
forth on the signature pages hereto (the "GUARANTORS"). To induce the Initial
Purchasers to enter into the Purchase Agreement and to satisfy a condition to
your obligations thereunder, the Company and the Guarantors agree with you for
your benefit and the benefit of the holders from time to time of the Securities
(including the Initial Purchasers) (each a "HOLDER" and, collectively, the
"HOLDERS"), and you agree on behalf of yourself and the Holders as follows:

          1.   DEFINITIONS. Capitalized terms used herein without definition
shall have their respective meanings set forth in the Purchase Agreement. As
used in this Agreement, the following capitalized defined terms shall have the
following meanings:

          "Act" shall mean the Securities Act of 1933, as amended, and the rules
and regulations of the Commission promulgated thereunder.

          "Affiliate" shall have the meaning specified in Rule 405 under the Act
and the terms "controlling" and "controlled" shall have meanings correlative
thereto.

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          "Broker-Dealer" shall mean any broker or dealer registered as such
under the Exchange Act.

          "Business Day" shall mean any day other than a Saturday, a Sunday or a
legal holiday or a day on which banking institutions or trust companies are
authorized or obligated by law to close in New York City.

          "Closing Date" shall mean the date of the first issuance of the
Securities.

          "Commission" shall mean the Securities and Exchange Commission.

          "Deferral Period" shall have the meaning indicated in Section 4(k)(ii)
hereof.

          "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the Commission promulgated thereunder.

          "Exchange Offer Registration Period" shall mean the 180-day period
following the consummation of the Registered Exchange Offer, exclusive of any
period during which any stop order shall be in effect suspending the
effectiveness of the Exchange Offer Registration Statement.

          "Exchange Offer Registration Statement" shall mean a registration
statement of the Company and the Guarantors on an appropriate form under the Act
with respect to the Registered Exchange Offer, all amendments and supplements to
such registration statement, including post-effective amendments thereto, in
each case including the Prospectus contained therein, all exhibits thereto and
all material incorporated by reference therein.

          "Exchanging Dealer" shall mean any Holder (which may include any
Initial Purchaser) that is a Broker-Dealer and elects to exchange for New
Securities any Securities that it acquired for its own account as a result of
market-making activities or other trading activities (but not directly from the
Company or any Affiliate of the Company) for New Securities.

          "Final Memorandum" shall have the meaning set forth in the Purchase
Agreement.

          "Holder" shall have the meaning set forth in the preamble hereto.

          "Indenture" shall mean the Indenture relating to the Securities, dated
as of April 6, 2004, among the Company, the Guarantors and U.S. Bank National
Association, as trustee, as the same may be amended from time to time in
accordance with the terms thereof.

          "Initial Placement" shall have the meaning set forth in the preamble
hereto.

          "Initial Purchaser" shall have the meaning set forth in the preamble
hereto.

          "Losses" shall have the meaning set forth in Section 6(d) hereof.

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          "Majority Holders" shall mean, on any date, Holders of a majority of
the aggregate principal amount of Securities registered under a Registration
Statement.

          "Managing Underwriters" shall mean the investment banker or investment
bankers and manager or managers that administer an underwritten offering, if
any, under a Registration Statement.

          "NASD Rules" shall mean the Conduct Rules and the By-Laws of the
National Association of Securities Dealers, Inc.

          "New Securities" shall mean debt securities of the Company and the
Guarantors identical in all material respects to the Securities (except that the
cash interest and interest rate step-up provisions and the transfer restrictions
shall be modified or eliminated, as appropriate) to be issued under the
Indenture.

          "Prospectus" shall mean the prospectus included in any Registration
Statement (including without limitation a prospectus that discloses information
previously omitted from a prospectus filed as part of an effective registration
statement in reliance upon Rule 430A under the Act), as amended or supplemented
by any prospectus supplement, with respect to the terms of the offering of any
portion of the Securities or the New Securities covered by such Registration
Statement, and all amendments and supplements thereto, including any and all
exhibits thereto and any information incorporated by reference therein.

          "Purchase Agreement" shall have the meaning set forth in the preamble
hereto.

          "Registered Exchange Offer" shall mean the proposed offer of the
Company to issue and deliver to the Holders of the Securities that are not
prohibited by any law or policy of the Commission from participating in such
offer, in exchange for the Securities, a like aggregate principal amount of the
New Securities.

          "Registrable Securities" shall mean (i) Securities other than those
that (A) have been registered under a Registration Statement and exchanged or
disposed of in accordance therewith or (B) are eligible to be sold to the public
pursuant to Rule 144(k) under the Act or any successor rule or regulation
thereto that may be adopted by the Commission and (ii) any New Securities resale
of which by the Holder thereof requires compliance with the prospectus delivery
requirements of the Act.

          "Registration Default" shall have the meaning set forth in Section 8
hereto.

          "Registration Statement" shall mean any Exchange Offer Registration
Statement or Shelf Registration Statement that covers any of the Securities or
the New Securities, as the case may be, pursuant to the provisions of this
Agreement, any amendments and supplements to such registration statement,
including post-effective amendments (in each case including the Prospectus
contained therein), all exhibits thereto and all material incorporated by
reference therein.

          "Securities" shall have the meaning set forth in the preamble hereto.

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          "Shelf Registration" shall mean a registration effected pursuant to
Section 3 hereof.

          "Shelf Registration Period" has the meaning set forth in Section 3(b)
hereof.

          "Shelf Registration Statement" shall mean a "shelf" registration
statement of the Company and the Guarantors pursuant to the provisions of
Section 3 hereof which covers some or all of the Securities or New Securities,
as applicable, on an appropriate form under Rule 415 under the Act, or any
similar rule that may be adopted by the Commission, amendments and supplements
to such registration statement, including post-effective amendments, in each
case including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

          "Special Interest" shall have the meaning set forth in Section 8
hereof.

          "Trustee" shall mean the trustee with respect to the Securities under
the Indenture.

          "Trust Indenture Act" shall mean the Trust Indenture Act of 1939, as
amended, and the rules and regulations of the Commission promulgated thereunder.

          "underwriter" shall mean any underwriter of Securities in connection
with an offering thereof under a Shelf Registration Statement.

          2.   REGISTERED EXCHANGE OFFER. To the extent permitted by applicable
law or applicable interpretations of the staff of the Commission, (a) the
Company and the Guarantors shall prepare and, not later than 90 days following
the Closing Date (or if such 90th day is not a Business Day, the next succeeding
Business Day), shall file with the Commission the Exchange Offer Registration
Statement with respect to the Registered Exchange Offer. The Company and the
Guarantors shall use their reasonable best efforts to cause the Exchange Offer
Registration Statement to become effective under the Act within 180 days of the
Closing Date (or if such 180th day is not a Business Day, the next succeeding
Business Day).

          (b)  Upon the effectiveness of the Exchange Offer Registration
Statement, the Company shall promptly commence the Registered Exchange Offer, it
being the objective of such Registered Exchange Offer to enable each Holder
electing to exchange Securities for New Securities (assuming that such Holder is
not an Affiliate of the Company, acquires the New Securities in the ordinary
course of such Holder's business, has no arrangements with any person to
participate in the distribution of the New Securities and is not prohibited by
any law or policy of the Commission from participating in the Registered
Exchange Offer) to trade such New Securities from and after their receipt
without any limitations or restrictions under the Act and without material
restrictions under the securities laws of a substantial proportion of the
several states of the United States.

          (c)  In connection with the Registered Exchange Offer, the Company and
the Guarantors shall:

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               (i)    mail to each Holder a copy of the Prospectus forming part
          of the Exchange Offer Registration Statement, together with an
          appropriate letter of transmittal and related documents;

               (ii)   keep the Registered Exchange Offer open for not less than
          30 days and not more than 45 days after the date notice thereof is
          mailed to the Holders (or, in each case, longer if required by
          applicable law);

               (iii)  use their reasonable best efforts to keep the Exchange
          Offer Registration Statement continuously effective under the Act,
          supplemented and amended as required under the Act, to ensure that it
          is available for sales of New Securities by Exchanging Dealers during
          the Exchange Offer Registration Period;

               (iv)   utilize the services of a depositary for the Registered
          Exchange Offer with an address in the Borough of Manhattan in New York
          City, which may be the Trustee, the New Securities Trustee or an
          Affiliate of either of them;

               (v)    permit Holders to withdraw tendered Securities at any time
          prior to the close of business, New York time, on the last Business
          Day on which the Registered Exchange Offer is open;

               (vi)   if required by the Commission, prior to effectiveness of
          the Exchange Offer Registration Statement, provide a supplemental
          letter to the Commission (A) stating that the Company and the
          Guarantors are conducting the Registered Exchange Offer in reliance on
          the position of the Commission in EXXON CAPITAL HOLDINGS CORPORATION
          (pub. avail. May 13, 1988), MORGAN STANLEY AND CO., INC. (pub. avail.
          June 5, 1991); and (B) including a representation that the Company and
          the Guarantors have not entered into any arrangement or understanding
          with any person to distribute the New Securities to be received in the
          Registered Exchange Offer and that, to the best of the Company's
          information and belief, each Holder participating in the Registered
          Exchange Offer is acquiring the New Securities in the ordinary course
          of business and has no arrangement or understanding with any person to
          participate in the distribution of the New Securities; and

               (vii)  comply in all material respects with all applicable laws.

          (d)  As soon as practicable after the close of the Registered Exchange
Offer, the Company shall:

               (i)    accept for exchange all Securities tendered and not
          validly withdrawn pursuant to the Registered Exchange Offer;

               (ii)   deliver or cause to be delivered to the Trustee for
          cancellation in accordance with Section 4(s) all Securities so
          accepted for exchange; and

               (iii)  use its reasonably best efforts to cause the Trustee
          promptly to authenticate and deliver to each Holder of Securities a
          principal amount of New

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          Securities equal to the principal amount of the Securities of such
          Holder so accepted for exchange.

          (e)  Each Holder is hereby deemed to acknowledge and agree that any
Broker-Dealer and any such Holder using the Registered Exchange Offer to
participate in a distribution of the New Securities (x) could not under
Commission policy as in effect on the date of this Agreement rely on the
position of the Commission in EXXON CAPITAL HOLDINGS CORPORATION (pub. avail.
May 13, 1988) and MORGAN STANLEY AND CO., INC. (pub. avail. June 5, 1991), as
interpreted in the Commission's letter to Shearman & Sterling dated July 2, 1993
and similar no-action letters; and (y) must comply with the registration and
prospectus delivery requirements of the Act in connection with any secondary
resale transaction, which must be covered by an effective registration statement
containing the selling security holder information required by Item 507 or 508,
as applicable, of Regulation S-K under the Act if the resales are of New
Securities obtained by such Holder in exchange for Securities acquired by such
Holder directly from the Company or one of its Affiliates. Accordingly, each
Holder participating in the Registered Exchange Offer shall be required to
represent to the Company that, at the time of the consummation of the Registered
Exchange Offer:

               (i)    any New Securities received by such Holder will be
          acquired in the ordinary course of business;

               (ii)   such Holder will have no arrangement or understanding with
          any person to participate in the distribution of the Securities or the
          New Securities within the meaning of the Act; and

               (iii)  such Holder is not an Affiliate of the Company or any of
          the Guarantors.

          (f)  If any Initial Purchaser determines that it is not eligible to
participate in the Registered Exchange Offer with respect to the exchange of
Securities constituting any portion of an unsold allotment, at the request of
such Initial Purchaser, the Company and the Guarantors shall issue and deliver
to such Initial Purchaser or the person purchasing New Securities registered
under a Shelf Registration Statement as contemplated by Section 3 hereof from
such Initial Purchaser, in exchange for such Securities, a like principal amount
of New Securities. The Company and the Guarantors shall use their respective
best efforts to cause the CUSIP Service Bureau to issue the same CUSIP number
for such New Securities as for New Securities issued pursuant to the Registered
Exchange Offer.

          3.   SHELF REGISTRATION.

          (a)  If (i) due to any change in law or applicable interpretations
thereof by the Commission's staff, the Company determines upon advice of its
outside counsel that it is not permitted to effect the Registered Exchange Offer
as contemplated by Section 2 hereof; (ii) the Registered Exchange Offer is not
consummated within 45 days of the date of the effectiveness of the Exchange
Offer Registration Statement; (iii) any Initial Purchaser so requests in writing
with respect to Securities that are not eligible to be exchanged for New
Securities in the Registered Exchange Offer; or (iv) any Holder (other than an
Initial Purchaser) notifies the Company in

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writing that is not eligible to participate in the Registered Exchange Offer,
the Company and the Guarantors shall effect a Shelf Registration Statement in
accordance with subsection (b) below; PROVIDED, HOWEVER, that the Company shall
only be required to register Securities under a Shelf Registration Statement for
persons who have identified themselves to the Company as Holders of such
Securities.

          (b)  (i) The Company and the Guarantors shall as promptly as
practicable (but in no event more than 90 days after so required or requested
pursuant to this Section 3), file with the Commission and shall use their
reasonable best efforts to cause to be declared effective under the Act within
90 days after so required or requested, a Shelf Registration Statement relating
to the offer and sale of the Securities or the New Securities, as applicable, by
the Holders thereof from time to time in accordance with the methods of
distribution elected by such Holders and set forth in such Shelf Registration
Statement; PROVIDED, HOWEVER, that nothing in this Section 3(b) shall require
the filing of a Shelf Registration Statement prior to the deadline for filing an
Exchange Offer Registration Statement as set forth in Section 2(a); PROVIDED,
FURTHER, HOWEVER, that no Holder (other than an Initial Purchaser) shall be
entitled to have the Securities held by it covered by such Shelf Registration
Statement unless such Holder agrees in writing to be bound by all of the
provisions of this Agreement applicable to such Holder; PROVIDED, FURTHER, that
with respect to New Securities received by an Initial Purchaser in exchange for
Securities constituting any portion of an unsold allotment, the Company and the
Guarantors may, if permitted by current interpretations by the Commission's
staff, file a post-effective amendment to the Exchange Offer Registration
Statement containing the information required by Item 507 or 508 of Regulation
S-K, as applicable, in satisfaction of its obligations under this subsection
with respect thereto, and any such Exchange Offer Registration Statement, as so
amended, shall be referred to herein as, and governed by the provisions herein
applicable to, a Shelf Registration Statement.

               (ii)   The Company and the Guarantors shall use their respective
          reasonable best efforts to keep the Shelf Registration Statement
          continuously effective, supplemented and amended as required by the
          Act, in order to permit the Prospectus forming part thereof to be
          usable by Holders for (A) two years from the date the Shelf
          Registration Statement is declared effective by the Commission or (B)
          such shorter period that will terminate on the date upon which all the
          Securities or New Securities, as applicable, covered by the Shelf
          Registration Statement have been sold pursuant to the Shelf
          Registration Statement (in any such case, such period being called the
          "SHELF REGISTRATION PERIOD"). The Company and the Guarantors shall not
          be obligated to amend or supplement any Shelf Registration Statement
          more than once per calendar quarter to reflect additional Holders. The
          Company and the Guarantors shall be deemed not to have used their
          respective best efforts to keep the Shelf Registration Statement
          effective during the Shelf Registration Period if they voluntarily
          take any action that would result in Holders of Securities covered
          thereby not being able to offer and sell such Securities at any time
          during the Shelf Registration Period, unless such action is (x)
          required by applicable law or otherwise undertaken by the Company in
          good faith and for valid business reasons (not including avoidance of
          the Company's obligations hereunder), including the

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          acquisition or divestiture of assets, and (y) permitted pursuant to
          Section 4(k)(ii) hereof.

               (iii)  The Company and the Guarantors shall cause the Shelf
          Registration Statement and the related Prospectus and any amendment or
          supplement thereto, as of the effective date of the Shelf Registration
          Statement or such amendment or supplement, (A) to comply in all
          material respects with the applicable requirements of the Act; and (B)
          not to contain any untrue statement of a material fact or omit to
          state a material fact required to be stated therein or necessary in
          order to make the statements therein (in the case of the Prospectus,
          in the light of the circumstances under which they were made) not
          misleading.

          4.   ADDITIONAL REGISTRATION PROCEDURES. In connection with any Shelf
Registration Statement and, to the extent applicable, any Exchange Offer
Registration Statement, the following provisions shall apply.

          (a)  The Company and the Guarantors shall:

               (i)    furnish to each of the Representatives and counsel for the
          Holders, as soon as practicable prior to the filing thereof with the
          Commission, a copy of any Exchange Offer Registration Statement and
          any Shelf Registration Statement, and each amendment thereof and each
          amendment or supplement, if any, to the Prospectus included therein
          (including all documents incorporated by reference therein after the
          initial filing) and shall use its reasonable best efforts to reflect
          in each such document, when so filed with the Commission, such
          comments as the Representatives reasonably propose;

               (ii)   if permitted by the Commission, include the information
          set forth in Annex A hereto on the facing page of the Exchange Offer
          Registration Statement, in Annex B hereto in the forepart of the
          Exchange Offer Registration Statement in a section setting forth
          details of the Exchange Offer, in Annex C hereto in the underwriting
          or plan of distribution section of the Prospectus contained in the
          Exchange Offer Registration Statement, and in Annex D hereto in the
          letter of transmittal delivered pursuant to the Registered Exchange
          Offer;

               (iii)  if requested by an Initial Purchaser, include the
          information required by Item 507 or 508 of Regulation S-K, as
          applicable, in the Prospectus contained in the Exchange Offer
          Registration Statement; and

               (iv)   in the case of a Shelf Registration Statement, include the
          names of the Holders that propose to sell Securities pursuant to the
          Shelf Registration Statement as selling security holders.

          (b)  The Company shall ensure that:

               (i)    any Registration Statement and any amendment thereto and
          any Prospectus forming part thereof and any amendment or supplement
          thereto complies in all material respects with the Act; and

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               (ii)   any Registration Statement and any amendment thereto does
          not, when it becomes effective, contain an untrue statement of a
          material fact or omit to state a material fact required to be stated
          therein or necessary to make the statements therein not misleading.

          (c)  The Company and the Guarantors shall advise you, the selling
Holders of Securities covered by any Shelf Registration Statement and any
Exchanging Dealer under any Exchange Offer Registration Statement that has
provided in writing to the Company and the Guarantors a telephone or facsimile
number and address for notices, and, if requested by you or any such Holder or
Exchanging Dealer, shall confirm such advice in writing (which notice pursuant
to clauses (ii)-(v) hereof shall be accompanied by an instruction to suspend the
use of the Prospectus until the Company and the Guarantors shall have remedied
the basis for such suspension):

               (i)    when a Registration Statement and any amendment thereto
          has been filed with the Commission and when the Registration Statement
          or any post-effective amendment thereto has become effective;

               (ii)   of any request by the Commission for any amendment or
          supplement to the Registration Statement or the Prospectus or for
          additional information;

               (iii)  of the issuance by the Commission of any stop order
          suspending the effectiveness of the Registration Statement or the
          institution or threatening of any proceeding for that purpose;

               (iv)   of the receipt by the Company and the Guarantors of any
          notification with respect to the suspension of the qualification of
          the securities included therein for sale in any jurisdiction or the
          institution or threatening of any proceeding for such purpose; and

               (v)    of the happening of any event that requires any change in
          the Registration Statement or the Prospectus so that, as of such date,
          they (A) do not contain any untrue statement of a material fact and
          (B) do not omit to state a material fact required to be stated therein
          or necessary to make the statements therein (in the case of the
          Prospectus, in the light of the circumstances under which they were
          made) not misleading.

          (d)  The Company and the Guarantors shall use their respective
commercially reasonable best efforts to prevent the issuance of any order
suspending the effectiveness of any Registration Statement or the qualification
of the securities therein for sale in any jurisdiction and, if issued, to obtain
as soon as possible the withdrawal thereof.

          (e)  The Company and the Guarantors shall furnish to each selling
Holder of Securities covered by any Shelf Registration Statement, without
charge, at least one copy of such Shelf Registration Statement and any
post-effective amendment thereto, without any material incorporated therein by
reference or all exhibits thereto unless requested by such Holder.

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          (f)  The Company and the Guarantors shall, during the Shelf
Registration Period, deliver to each selling Holder of Securities covered by any
Shelf Registration Statement, without charge, as many copies of the Prospectus
(including the preliminary Prospectus) included in such Shelf Registration
Statement and any amendment or supplement thereto as such Holder may reasonably
request. The Company and the Guarantors consent to the use in accordance with
the terms of this Agreement of the Prospectus or any amendment or supplement
thereto by each of the selling Holders of Securities in connection with the
offering and sale of the Securities covered by the Prospectus, or any amendment
or supplement thereto, included in the Shelf Registration Statement.

          (g)  The Company and the Guarantors shall furnish to each Exchanging
Dealer which so requests, without charge, at least one copy of the Exchange
Offer Registration Statement and any post-effective amendment thereto, without
any materials incorporated by reference therein or exhibits thereto unless
requested by such Exchanging Dealer.

          (h)  The Company and the Guarantors shall promptly deliver to each
Initial Purchaser, each Exchanging Dealer and each other person required to
deliver a Prospectus during the Exchange Offer Registration Period, without
charge, as many copies of the Prospectus included in such Exchange Offer
Registration Statement and any amendment or supplement thereto as any such
person may reasonably request. The Company and the Guarantors consent to the use
in accordance with the terms of this Agreement of the Prospectus or any
amendment or supplement thereto by any Initial Purchaser, any Exchanging Dealer
and any such other person that may be required to deliver a Prospectus following
the Registered Exchange Offer in connection with the offering and sale of the
New Securities covered by the Prospectus, or any amendment or supplement
thereto, included in the Exchange Offer Registration Statement.

          (i)  Prior to the Registered Exchange Offer or any other offering of
Securities or New Securities pursuant to any Registration Statement, the Company
and the Guarantors shall arrange, if necessary, for the qualification of the
Securities or the New Securities for sale under the laws of such jurisdictions
as any selling Holder shall reasonably request and shall maintain such
qualification in effect so long as required; PROVIDED that in no event shall the
Company and the Guarantors be obligated to qualify to do business in any
jurisdiction where they are not then so qualified or to take any action that
would subject them to service of process in suits or subject them to taxation,
other than those arising out of the Initial Placement, the Registered Exchange
Offer or any offering pursuant to a Shelf Registration Statement, in any such
jurisdiction where they are not then so subject.

          (j)  The Company and the Guarantors shall cooperate with the selling
Holders of Securities to facilitate the timely preparation and delivery of
certificates representing New Securities or Securities to be issued or sold
pursuant to any Registration Statement free of any restrictive legends and in
such denominations and registered in such names as such selling Holders may
reasonably request.

          (k)  (i) Subject to paragraph (ii) below, upon the occurrence of any
event contemplated by subsections (c)(ii) through (v) above, the Company and the
Guarantors shall promptly (or within the time period provided for by clause (ii)
hereof, if applicable) prepare a post-effective amendment to the applicable
Registration Statement or an amendment or

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supplement to the related Prospectus or file any other required document so
that, as thereafter delivered to initial purchasers of the securities included
therein, the Prospectus will not include an untrue statement of a material fact
or omit to state any material fact required to be stated therein or necessary to
make the statements therein, in the light of the circumstances under which they
were made, not misleading. In such circumstances, the period of effectiveness of
the Exchange Offer Registration Statement provided for in Section 2 and the
Shelf Registration Statement provided for in Section 3(b) shall each be extended
by the number of days from and including the date of the giving of a notice of
suspension pursuant to Section 4(c) to and including the date when the Initial
Purchasers, the Holders of the Securities and any known Exchanging Dealer shall
have received such amended or supplemented Prospectus pursuant to this Section.

               (ii)   Upon the occurrence or existence of any pending corporate
          development or any other material event that, in the reasonable
          judgment of the Company, makes it appropriate to suspend the
          availability of a Shelf Registration Statement and the related
          Prospectus, the Company and the Guarantors shall give notice (without
          notice of the nature or details of such events) to the Holders that
          the availability of the Shelf Registration is suspended and, upon
          actual receipt of any such notice, each Holder agrees not to sell any
          Registrable Securities pursuant to the Shelf Registration until such
          Holder's receipt of copies of the supplemented or amended Prospectus
          provided for in Section 3(i) hereof, or until it is advised in writing
          by the Company and the Guarantors that the Prospectus may be used, and
          has received copies of any additional or supplemental filings that are
          incorporated or deemed incorporated by reference in such Prospectus.
          The period during which the availability of the Shelf Registration and
          any Prospectus is suspended (the "Deferral Period") shall not exceed
          45 days in any three-month period or 90 days in any twelve-month
          period.

          (l)  Not later than the effective date of any Registration Statement,
the Company and the Guarantors shall provide a CUSIP number for the Securities
or the New Securities, as the case may be, registered under such Registration
Statement and provide the Trustee with printed certificates for such Securities
or New Securities, in a form eligible for deposit with The Depository Trust
Company.

          (m)  The Company and the Guarantors shall comply with all applicable
rules and regulations of the Commission and shall make generally available to
their security holders an earnings statement satisfying the provisions of
Section 11(a) of the Act as soon as practicable after the effective date of the
applicable Registration Statement and in any event no later than 45 days after
the end of a 12-month period (or 90 days, if such period is a fiscal year)
beginning with the first month of the Company's first fiscal quarter commencing
after the effective date of the applicable Registration Statement.

          (n)  The Company and the Guarantors shall cause the Indenture to be
qualified under the Trust Indenture Act in a timely manner.

          (o)  The Company and the Guarantors may require each Holder of
securities to be sold pursuant to any Shelf Registration Statement to furnish to
the Company and the Guarantors

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such information regarding the Holder and the distribution of such securities as
the Company and the Guarantors may from time to time reasonably require for
inclusion in such Registration Statement. The Company and the Guarantors may
exclude from such Shelf Registration Statement the Securities of any Holder that
fails to furnish such information within a reasonable time after receiving such
request.

          (p)  In the case of any Shelf Registration Statement, the Company and
the Guarantors shall enter into customary agreements (including, if requested by
the Majority Holders, an underwriting agreement in customary form) and take all
other appropriate actions in order to expedite or facilitate the registration or
the disposition of the Securities, and in connection therewith, if an
underwriting agreement is entered into, cause the same to contain
indemnification provisions and procedures no less favorable than those set forth
in Section 6 hereof.

          (q)  In the case of any Shelf Registration Statement, the Company and
the Guarantors shall, if requested:

               (i)    make reasonably available for inspection by the selling
          Holders of Securities to be registered thereunder, any underwriter
          participating in any disposition pursuant to such Shelf Registration
          Statement, and any attorney, accountant or other agent retained by the
          selling Holders or any such underwriter all relevant financial and
          other records and pertinent corporate documents of the Company and its
          subsidiaries; PROVIDED that if such information is deemed confidential
          by the Company or the Guarantors, each Person receiving such
          information shall take all actions reasonably necessary to protect
          such confidentiality;

               (ii)   cause the Company's officers, directors, employees,
          accountants and auditors to supply all relevant information reasonably
          requested by the selling Holders or any such underwriter, attorney,
          accountant or agent in connection with any such Shelf Registration
          Statement as is customary for similar due diligence examinations;

               (iii)  in connection with an underwritten offering pursuant to
          such Shelf Registration Statement, make such representations and
          warranties to the selling Holders of Securities registered thereunder
          and the underwriters, if any, in form, substance and scope as are
          customarily made by issuers to underwriters in primary underwritten
          offerings and covering matters including, but not limited to, those
          set forth in the Purchase Agreement;

               (iv)   in connection with an underwritten offering pursuant to
          such Shelf Registration Statement, obtain opinions of counsel to the
          Company and the Guarantors and updates thereof (which counsel and
          opinions (in form, scope and substance) shall be reasonably
          satisfactory to the Managing Underwriters, if any) addressed to each
          selling Holder and the underwriters, if any, covering such matters as
          are customarily covered in opinions requested in underwritten
          offerings

                                       12
<Page>

          and such other matters as may be reasonably requested by such Holders
          and underwriters;

               (v)    in connection with an underwritten offering pursuant to
          such Shelf Registration Statement, obtain "comfort" letters and
          updates thereof from the independent certified public accountants of
          the Company (and, if necessary, any other independent certified public
          accountants of any subsidiary of the Company or of any business
          acquired by the Company for which financial statements and financial
          data are, or are required to be, included in the Registration
          Statement), addressed to each selling Holder of Securities registered
          thereunder and the underwriters, if any, in customary form and
          covering matters of the type customarily covered in "comfort" letters
          in connection with primary underwritten offerings; and

               (vi)   in connection with an underwritten offering pursuant to
          such Shelf Registration Statement, deliver such documents and
          certificates as may be reasonably requested by the Majority Holders or
          the Managing Underwriters, if any, including those to evidence
          compliance with Section 4(k) and with any customary conditions
          contained in the underwriting agreement or other agreement entered
          into by the Company and the Guarantors.

The actions set forth in clauses (iii), (v) and (vi) of this paragraph (q) shall
be performed at the effectiveness of such Registration Statement and each
post-effective amendment thereto. The actions set forth in clause (iv) shall be
performed at, and the actions set forth in clauses (iii), (v) and (vi) shall be
reaffirmed at, each closing under any underwriting or similar agreement as and
to the extent required thereunder.

          (r)  In the case of any Exchange Offer Registration Statement, the
Company and the Guarantors shall, if requested by an Initial Purchaser, or by a
broker dealer that holds Securities that were acquired as a result of market
making or other trading activities:

               (i)    make reasonably available for inspection by the requesting
          party, and any attorney, accountant or other agent retained by the
          requesting party, all relevant financial and other records, pertinent
          corporate documents and properties of the Company and its
          subsidiaries; PROVIDED that if such information is deemed confidential
          by the Company or the Guarantors, each Person receiving such
          information shall take all actions reasonably necessary to protect
          such confidentiality;

               (ii)   cause the Company's officers, directors, employees,
          accountants and auditors to supply all relevant information reasonably
          requested by the requesting party or any such attorney, accountant or
          agent in connection with any such Registration Statement as is
          customary for similar due diligence examinations;

               (iii)  make such representations and warranties to the requesting
          party, in form, substance and scope as are customarily made by issuers
          to underwriters

                                       13
<Page>

          in primary underwritten offerings and covering matters including, but
          not limited to, those set forth in the Purchase Agreement;

               (iv)   obtain opinions of counsel to the Company and updates
          thereof (which counsel and opinions (in form, scope and substance)
          shall be reasonably satisfactory to the requesting party and its
          counsel, addressed to the requesting party, covering such matters as
          are customarily covered in opinions requested in underwritten
          offerings and such other matters as may be reasonably requested by the
          requesting party or its counsel;

               (v)    obtain "comfort" letters and updates thereof from the
          independent certified public accountants of the Company (and, if
          necessary, any other independent certified public accountants of any
          subsidiary of the Company or of any business acquired by the Company
          for which financial statements and financial data are, or are required
          to be, included in the Registration Statement), addressed to the
          requesting party, in customary form and covering matters of the type
          customarily covered in "comfort" letters in connection with primary
          underwritten offerings, or if requested by the requesting party or its
          counsel in lieu of a "comfort" letter, an agreed-upon procedures
          letter under Statement on Auditing Standards No. 35, covering matters
          requested by the requesting party or its counsel; and

               (vi)   deliver such documents and certificates as may be
          reasonably requested by the requesting party or its counsel, including
          those to evidence compliance with Section 4(k) and with conditions
          customarily contained in underwriting agreements.

The foregoing actions set forth in clauses (iii), (iv), (v), and (vi) of this
Section shall be performed at the close of the Registered Exchange Offer and the
effective date of any post-effective amendment to the Exchange Offer
Registration Statement.

          (s)  If a Registered Exchange Offer is to be consummated, upon
delivery of the Securities by Holders to the Company (or to such other person as
directed by the Company) in exchange for the New Securities, the Company shall
mark, or caused to be marked, on the Securities so exchanged that such
Securities are being cancelled in exchange for the New Securities. In no event
shall the Securities be marked as paid or otherwise satisfied.

          (t)  The Company and the Guarantors shall use their respective
reasonable best efforts if the Securities have been rated prior to the initial
sale of such Securities, to confirm such ratings will apply to the Securities or
the New Securities, as the case may be, covered by a Registration Statement.

          (u)  In the event that any Broker-Dealer shall underwrite any
Securities or participate as a member of an underwriting syndicate or selling
group or "assist in the distribution" (within the meaning of the NASD Rules)
thereof, whether as a Holder of such Securities or as an underwriter, a
placement or sales agent or a broker or dealer in respect

                                       14
<Page>

thereof, or otherwise, the Company and the Guarantors shall assist such
Broker-Dealer in complying with the NASD Rules.

          (v)  The Company shall use its reasonable best efforts to take all
other steps necessary to effect the registration of the Securities or the New
Securities, as the case may be, covered by a Registration Statement.

          5.   REGISTRATION EXPENSES. The Company shall bear all reasonable
expenses incurred in connection with the performance of its obligations under
Sections 2, 3 and 4 hereof and, in the event of any Shelf Registration
Statement, will reimburse the Holders for the reasonable fees and disbursements
of one firm or counsel (which shall initially be Weil, Gotshal & Manges LLP, but
which may be another nationally recognized law firm experienced in securities
matters designated by the Majority Holders) to act as counsel for the Holders in
connection therewith.

          6.   INDEMNIFICATION AND CONTRIBUTION. (a) The Company and the
Guarantors, jointly and severally, agree to indemnify and hold harmless each
Holder of Securities or New Securities, as the case may be, covered by any
Registration Statement, each Initial Purchaser and, with respect to any
Prospectus delivery as contemplated in Section 4(h) hereof, each Exchanging
Dealer, the directors, officers, employees, Affiliates and agents of each such
Holder, Initial Purchaser or Exchanging Dealer and each person who controls any
such Holder, Initial Purchaser or Exchanging Dealer within the meaning of either
the Act or the Exchange Act against any and all losses, claims, damages or
liabilities, joint or several, to which they or any of them may become subject
under the Act, the Exchange Act or other federal or state statutory law or
regulation, at common law or otherwise, insofar as such losses, claims, damages
or liabilities (or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material fact contained in
the Registration Statement as originally filed or in any amendment thereof, or
in any preliminary Prospectus or the Prospectus, or in any amendment thereof or
supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein (in the case of any preliminary
Prospectus or the Prospectus, in the light of the circumstances under which they
were made) not misleading, and agree to reimburse each such indemnified party,
as incurred, for any legal or other expenses reasonably incurred by it in
connection with investigating or defending any such loss, claim, damage,
liability or action; PROVIDED, HOWEVER, that the Company and the Guarantors will
not be liable in any such case to the extent that any such loss, claim, damage
or liability arises out of or is based upon any such untrue statement or alleged
untrue statement or omission or alleged omission made therein in reliance upon
and in conformity with written information furnished to the Company and the
Guarantors by or on behalf of the party claiming indemnification specifically
for inclusion therein. This indemnity agreement shall be in addition to any
liability that the Company and the Guarantors may otherwise have.

          The Company and the Guarantors also, jointly and severally, agree to
indemnify as provided in this Section 6(a) or contribute as provided in Section
6(d) hereof to Losses of each underwriter, if any, of Securities or New
Securities, as the case may be, registered under a Shelf Registration Statement,
their directors, officers, employees, Affiliates or agents and each person who
controls such underwriter on substantially the same basis as that of the
indemnification of

                                       15
<Page>

the Initial Purchasers and the selling Holders provided in this Section 6(a) and
shall, if requested by any Holder, enter into an underwriting agreement
reflecting such agreement, as provided in Section 4(p) hereof.

          (b)  Each Holder of securities covered by a Registration Statement
(including each Initial Purchaser that is a Holder, in such capacity) severally
and not jointly agrees to indemnify and hold harmless the Company and the
Guarantors, each of their directors, each of their officers who signs such
Registration Statement and each person who controls the Company or any of the
Guarantors within the meaning of either the Act or the Exchange Act, to the same
extent as the foregoing indemnity from the Company and the Guarantors to each
such Holder, but only with reference to written information relating to such
Holder furnished to the Company or any of the Guarantors by or on behalf of such
Holder specifically for inclusion in the documents referred to in the foregoing
indemnity. This indemnity agreement will be in addition to any liability that
any such Holder may otherwise have.

          (c)  Promptly after receipt by an indemnified party under this Section
6 or notice of the commencement of any action, such indemnified party will, if a
claim in respect thereof is to be made against the indemnifying party under this
Section, notify the indemnifying party in writing of the commencement thereof;
but the failure so to notify the indemnifying party (i) will not relieve it from
liability under paragraph (a) or (b) above unless and to the extent it did not
otherwise learn of such action and such failure materially prejudices the
indemnifying party; and (ii) will not, in any event, relieve the indemnifying
party from any obligations to any indemnified party other than the
indemnification obligation provided in paragraph (a) or (b) above. The
indemnifying party shall be entitled to appoint counsel (including local
counsel) of the indemnifying party's choice at the indemnifying party's expense
to represent the indemnified party in any action for which indemnification is
sought (in which case the indemnifying party shall not thereafter be responsible
for the fees and expenses of any separate counsel, other than local counsel if
not appointed by the indemnifying party, retained by the indemnified party or
parties except as set forth below); PROVIDED, HOWEVER, that such counsel shall
be reasonably satisfactory to the indemnified party. Notwithstanding the
indemnifying party's election to appoint counsel (which shall be one firm and
any necessary local counsel) to represent the indemnified party in an action,
the indemnified party shall have the right to employ separate counsel (including
local counsel), and the indemnifying party shall bear the reasonable fees, costs
and expenses of such separate counsel if (i) the use of counsel chosen by the
indemnifying party to represent the indemnified party would present such counsel
with a conflict of interest; (ii) the actual or potential defendants in, or
targets of, any such action include both the indemnified party and the
indemnifying party and the indemnified party shall have reasonably concluded
that there may be legal defenses available to it and/or other indemnified
parties that are different from or additional to those available to the
indemnifying party; (iii) the indemnifying party shall not have employed counsel
reasonably satisfactory to the indemnified party to represent the indemnified
party within a reasonable time after notice of the institution of such action;
or (iv) the indemnifying party shall authorize the indemnified party to employ
separate counsel at the expense of the indemnifying party. It is understood,
however, that the Company shall, in connection with any one such action or
separate but substantially similar or related actions in the same jurisdiction
arising out of the same general allegations or circumstances, be liable for the
reasonable fees and expenses of only one separate firm of attorneys (in addition
to any local counsel) at any time for all such indemnified parties, which

                                       16
<Page>

firm, if the indemnifying parties include the Initial Purchasers, shall be
designated in writing by Citigroup. An indemnifying party will not, without the
prior written consent of the indemnified parties, settle or compromise or
consent to the entry of any judgment with respect to any pending or threatened
claim, action, suit or proceeding in respect of which indemnification or
contribution may be sought hereunder (whether or not the indemnified parties are
actual or potential parties to such claim or action) unless such settlement,
compromise or consent includes an unconditional release of each indemnified
party from all liability arising out of such claim, action, suit or proceeding.

          (d)  In the event that the indemnity provided in paragraph (a) or (b)
of this Section is unavailable to or insufficient to hold harmless an
indemnified party for any reason, then each applicable indemnifying party shall
have a joint and several obligation to contribute to the aggregate losses,
claims, damages and liabilities (including legal or other expenses reasonably
incurred in connection with investigating or defending any loss, claim,
liability, damage or action) (collectively "Losses") to which such indemnified
party may be subject in such proportion as is appropriate to reflect the
relative benefits received by such indemnifying party, on the one hand, and such
indemnified party, on the other hand, from the Initial Placement and the
Registration Statement which resulted in such Losses; PROVIDED, HOWEVER, that in
no case shall any Initial Purchaser be responsible, in the aggregate, for any
amount in excess of the purchase discount or commission applicable to such
Security, or in the case of a New Security, applicable to the Security that was
exchangeable into such New Security, as set forth in the Final Memorandum, nor
shall any underwriter be responsible for any amount in excess of the
underwriting discount or commission applicable to the securities purchased by
such underwriter under the Registration Statement which resulted in such Losses.
If the allocation provided by the immediately preceding sentence is unavailable
for any reason, the indemnifying party and the indemnified party shall
contribute in such proportion as is appropriate to reflect not only such
relative benefits but also the relative fault of such indemnifying party, on the
one hand, and such indemnified party, on the other hand, in connection with the
statements or omissions which resulted in such Losses as well as any other
relevant equitable considerations. Benefits received by the Company and the
Guarantors shall be deemed to be equal to the total net proceeds from the
Initial Placement (before deducting expenses) as set forth in the Final
Memorandum. Benefits received by the Initial Purchasers shall be deemed to be
equal to the total purchase discounts and commissions as set forth on the cover
page of the Final Memorandum, and benefits received by any other Holders shall
be deemed to be equal to the value of receiving Securities or New Securities, as
applicable, registered under the Act. Benefits received by any underwriter shall
be deemed to be equal to the total underwriting discounts and commissions, as
set forth on the cover page of the Prospectus forming a part of the Registration
Statement which resulted in such Losses. Relative fault shall be determined by
reference to, among other things, whether any untrue or any alleged untrue
statement of a material fact or omission or alleged omission to state a material
fact relates to information provided by the indemnifying party, on the one hand,
or by the indemnified party, on the other hand, the intent of the parties and
their relative knowledge, access to information and opportunity to correct or
prevent such untrue statement or omission. The parties agree that it would not
be just and equitable if contribution were determined by pro rata allocation
(even if the Holders were treated as one entity for such purpose) or any other
method of allocation which does not take account of the equitable considerations
referred to above. Notwithstanding the provisions of this paragraph (d), no
person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Act)

                                       17
<Page>

shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. For purposes of this Section, each person who
controls a Holder within the meaning of either the Act or the Exchange Act and
each director, officer, employee and agent of such Holder shall have the same
rights to contribution as such Holder, and each person who controls the Company
or any of the Guarantors within the meaning of either the Act or the Exchange
Act, each officer of the Company or any of the Guarantors who shall have signed
the Registration Statement and each director of the Company or any of the
Guarantors shall have the same rights to contribution as the Company, subject in
each case to the applicable terms and conditions of this paragraph (d).

          (e)  The provisions of this Section will remain in full force and
effect, regardless of any investigation made by or on behalf of any Holder or
the Company and the Guarantors or any of the indemnified persons referred to in
this Section 6, and will survive the sale by a Holder of securities covered by a
Registration Statement.

          7.   UNDERWRITTEN REGISTRATIONS. (a) If any of the Securities or New
Securities, as the case may be, covered by any Shelf Registration Statement are
to be sold in an underwritten offering, the Managing Underwriters shall be
selected by the Majority Holders.

          (b)  No person may participate in any underwritten offering pursuant
to any Shelf Registration Statement, unless such person (i) agrees to sell such
person's Securities or New Securities, as the case may be, on the basis
reasonably provided in any underwriting arrangements approved by the persons
entitled hereunder to approve such arrangements; and (ii) completes and executes
all questionnaires, powers of attorney, indemnities, underwriting agreements and
other documents reasonably required under the terms of such underwriting
arrangements.

          8.   SPECIAL INTEREST. If (a) on or prior to the 90th day following
the original issue date of the Securities, neither the Exchange Offer
Registration Statement nor the Shelf Registration Statement has been filed with
the Commission, (b) on or prior to the 180th day following the original issue
date of the Securities, the Exchange Offer Registration Statement has not been
declared effective or on or prior to the 90th day following the Company's
obligation to file the Shelf Registration Statement, the Shelf Registration
Statement has not been filed, (c) on or prior to the 45th day following the date
the Exchange Offer Registration Statement is first declared effective, the
Registered Exchange Offer has not been consummated, or (d) after either the
Exchange Offer Registration Statement or the Shelf Registration Statement has
been declared effective, such Registration Statement thereafter ceases to be
effective or usable in connection with resales of Securities or New Securities
in accordance with and during the periods specified in this Agreement (each such
event referred to in clauses (a) through (d), a ("REGISTRATION DEFAULT"),
interest ("SPECIAL INTEREST") will accrue on the principal amount of the
Securities and the New Securities (in addition to the stated interest on the
Securities and New Securities) from and including the date on which any such
Registration Default shall occur to but excluding the date on which all
Registration Defaults have been cured. Special Interest will accrue at a rate of
0.25% per annum during the 90-day period immediately following the occurrence of
such Registration Default and shall increase by 0.25% per annum at the end of
each subsequent 90-day period, but in no event shall such rate exceed 1.00% per
annum.

                                       18
<Page>

          All obligations of the Company and the Guarantors set forth in the
preceding paragraph that are outstanding with respect to any Security at the
time such Security is exchanged for a New Security shall survive until such time
as all such obligations with respect to such Security have been satisfied in
full.

          9.   NO INCONSISTENT AGREEMENTS. The Company has not entered into, and
agrees not to enter into, any agreement with respect to its securities that is
inconsistent with the rights granted to the Holders herein or that otherwise
conflicts with the provisions hereof.

          10.  AMENDMENTS AND WAIVERS. The provisions of this Agreement may not
be amended, qualified, modified or supplemented, and waivers or consents to
departures from the provisions hereof may not be given, unless the Company has
obtained the written consent of the holders of a majority of the aggregate
principal amount of the Registrable Securities outstanding; PROVIDED that, with
respect to any matter that directly or indirectly affects the rights of any
Initial Purchaser hereunder, the Company shall obtain the written consent of
each such Initial Purchaser against which such amendment, qualification,
supplement, waiver or consent is to be effective; PROVIDED, FURTHER, that no
amendment, qualification, supplement, waiver or consent with respect to Section
8 hereof shall be effective as against any Holder of Registered Securities
unless consented to in writing by such Holder; and PROVIDED, FURTHER, that the
provisions of this Article 10 may not be amended, qualified, modified or
supplemented, and waivers or consents to departures from the provisions hereof
may not be given, unless the Company has obtained the written consent of the
Initial Purchasers and each Holder. Notwithstanding the foregoing (except the
foregoing provisos), a waiver or consent to departure from the provisions hereof
with respect to a matter that relates exclusively to the rights of Holders whose
Securities or New Securities, as the case may be, are being sold pursuant to a
Registration Statement and that does not directly or indirectly affect the
rights of other Holders may be given by the Majority Holders, determined on the
basis of Securities or New Securities, as the case may be, being sold rather
than registered under such Registration Statement.

          11.  NOTICES. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand-delivery, first-class mail,
telex, telecopier or air courier guaranteeing overnight delivery:

          (a)  if to a Holder, at the most current address given by such holder
to the Company in accordance with the provisions of this Section 11, which
address initially is, with respect to each Holder, the address of such Holder
maintained by the Registrar under the Indenture;

          (b)  if to you, initially at the respective addresses set forth in the
Purchase Agreement; and

          (c)  if to the Company or the Guarantors, initially at their address
set forth in the Purchase Agreement.

          All such notices and communications shall be deemed to have been duly
given when received.

                                       19
<Page>

          The Initial Purchasers, the Company or the Guarantors by notice to the
other parties may designate additional or different addresses for subsequent
notices or communications.

          12.  REMEDIES. Each Holder, in addition to being entitled to exercise
all rights provided to it herein, in the Indenture or in the Purchase Agreement
or granted by law, including recovery of liquidated or other damages, will be
entitled to specific performance of its rights under this Agreement. The Company
agrees that monetary damages would not be adequate compensation for any loss
incurred by reason of a breach by it of the provisions this Agreement and hereby
agrees to waive in any action for specific performance the defense that a remedy
at law would be adequate.

          13.  SUCCESSORS. This Agreement shall inure to the benefit of and be
binding upon the parties hereto, their respective successors and assigns,
including, without the need for an express assignment or any consent by the
Company thereto, subsequent Holders of Securities and the New Securities, and
the indemnified persons referred to in Section 6 hereof. The Company hereby
agrees to extend the benefits of this Agreement to any Holder of Securities and
the New Securities, and any such Holder may specifically enforce the provisions
of this Agreement as if an original party hereto.

          14.  COUNTERPARTS. This Agreement may be signed in one or more
counterparts, each of which shall constitute an original and all of which
together shall constitute one and the same agreement.

          15.  HEADINGS. The section headings used herein are for convenience
only and shall not affect the construction hereof.

          16.  APPLICABLE LAW. This Agreement shall be governed by and construed
in accordance with the laws of the State of New York applicable to contracts
made and to be performed in the State of New York. The parties hereto each
hereby waive any right to trial by jury in any action, proceeding or
counterclaim arising out of or relating to this Agreement.

          17.  SEVERABILITY. In the event that any one of more of the provisions
contained herein, or the application thereof in any circumstances, is held
invalid, illegal or unenforceable in any respect for any reason, the validity,
legality and enforceability of any such provision in every other respect and of
the remaining provisions hereof shall not be in any way impaired or affected
thereby, it being intended that all of the rights and privileges of the parties
shall be enforceable to the fullest extent permitted by law.

          18.  SECURITIES HELD BY THE COMPANY, ETC. Whenever the consent or
approval of Holders of a specified percentage of principal amount of Securities
or New Securities is required hereunder, Securities or New Securities, as
applicable, held by the Company or its Affiliates (other than subsequent Holders
of Securities or New Securities if such subsequent Holders are deemed to be
Affiliates solely by reason of their holdings of such Securities or New
Securities) shall not be counted in determining whether such consent or approval
was given by the Holders of such required percentage.

                                       20
<Page>

          If the foregoing is in accordance with your understanding of our
agreement, please sign and return to us the enclosed duplicate hereof, whereupon
this Agreement and your acceptance shall represent a binding agreement among the
Company, the Guarantors and the several Initial Purchasers.

                                         Very truly yours,

                                         PRESTIGE BRANDS, INC.

                                         By:  /S/ PETER J. ANDERSON
                                            -----------------------------------
                                            Name: Peter J. Anderson
                                            Title: Vice President

                                         PRESTIGE BRANDS INTERNATIONAL, LLC
                                         PRESTIGE PRODUCTS HOLDINGS, INC.
                                         PRESTIGE HOUSEHOLD HOLDINGS, INC.
                                         PRESTIGE HOUSEHOLD BRANDS, INC.
                                         THE COMET PRODUCTS CORPORATION
                                         THE SPIC AND SPAN COMPANY
                                         PRESTIGE ACQUISITION HOLDINGS LLC
                                         MEDTECH HOLDINGS, INC.
                                         MEDTECH PRODUCTS, INC.
                                         PECOS PHARMACEUTICAL, INC.
                                         THE CUTEX COMPANY
                                         PRESTIGE PERSONAL CARE HOLDINGS, INC.
                                         PRESTIGE PERSONAL CARE, INC.
                                         THE DENOREX COMPANY
                                         BONITA BAY  HOLDINGS, INC.
                                         PRESTIGE BRANDS HOLDINGS, INC.
                                         PRESTIGE BRANDS FINANCIAL CORPORATION
                                         PRESTIGE BRANDS INTERNATIONAL, INC.

                                            By:  /S/ PETER J. ANDERSON
                                               -----------------------------
                                            Name: Peter J. Anderson
                                            Title: Vice President

                                       21
<Page>

The foregoing Agreement is hereby confirmed and
accepted as of the date first above written.

CITIGROUP GLOBAL MARKETS INC.
BANC OF AMERICA SECURITIES LLC
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

By: CITIGROUP GLOBAL MARKETS INC.

By       /S/ JOHN MCAULEY
      ----------------------------
      Name: John McAuley
      Title: Vice President

                                       22
<Page>

                                     ANNEX A

          Each broker-dealer that receives new securities for its own account
pursuant to the Exchange Offer must acknowledge that it will deliver a
prospectus in connection with any resale of such new securities. The Letter of
Transmittal states that by so acknowledging and by delivering a prospectus, a
broker-dealer will not be deemed to admit that it is an "underwriter" within the
meaning of the Act. This prospectus, as it may be amended or supplemented from
time to time, may be used by a broker-dealer in connection with resales of new
securities received in exchange for securities where such securities were
acquired by such broker-dealer as a result of market-making activities or other
trading activities. The company has agreed that, starting on the expiration date
and ending on the close of business 180 days after the expiration date, it will
make this prospectus available to any broker-dealer for use in connection with
any such resale. See "Plan of Distribution."

                                       A-1
<Page>

                                     ANNEX B

          Each broker-dealer that receives new securities for its own account in
exchange for securities, where such securities were acquired by such
broker-dealer as a result of market-making activities or other trading
activities, must acknowledge that it will deliver a prospectus in connection
with any resale of such new securities. See "Plan of Distribution."

                                       B-1
<Page>

                                     ANNEX C

                              PLAN OF DISTRIBUTION

          Each broker-dealer that receives new securities for its own account
pursuant to the Exchange Offer must acknowledge that it will deliver a
prospectus in connection with any resale of such new securities. This
prospectus, as it may be amended or supplemented from time to time, may be used
by a broker-dealer in connection with resales of new securities received in
exchange for securities where such securities were acquired as a result of
market-making activities or other trading activities. The company and the
guarantors have agreed that, starting on the expiration date and ending on the
close of business 180 days after the expiration date, they will make this
prospectus, as amended or supplemented, available to any broker-dealer for use
in connection with any such resale. In addition, until __________, ______, all
dealers effecting transactions in the new securities may be required to deliver
a prospectus.

          The company will not receive any proceeds from any sale of new
securities by broker-dealers. New securities received by broker-dealers for
their own account pursuant to the Exchange Offer may be sold from time to time
in one or more transactions in the over-the-counter market, in negotiated
transactions, through the writing of options on the new securities or a
combination of such methods of resale, at market prices prevailing at the time
of resale, at prices related to such prevailing market prices or negotiated
prices. Any such resale may be made directly to purchasers or to or through
brokers or dealers who may receive compensation in the form of commissions or
concessions from any such broker-dealer and/or the purchasers of any such new
securities. Any broker-dealer that resells new securities that were received by
it for its own account pursuant to the Exchange Offer and any broker or dealer
that participates in a distribution of such new securities may be deemed to be
an "underwriter" within the meaning of the Act and any profit of any such resale
of new securities and any commissions or concessions received by any such
persons may be deemed to be underwriting compensation under the Act. The Letter
of Transmittal states that by acknowledging that it will deliver and by
delivering a prospectus, a broker-dealer will not be deemed to admit that it is
an "underwriter" within the meaning of the Act.

          For a period of 180 days after the expiration date, the company and
the guarantors will promptly send additional copies of this prospectus and any
amendment or supplement to this prospectus to any broker-dealer that requests
such documents in the Letter of Transmittal. The company has agreed to pay all
expenses incident to the Exchange Offer (including the expenses of one counsel
for the holder of the securities) other than commissions or concessions of any
brokers or dealers and will indemnify the holders of the securities (including
any broker-dealers) against certain liabilities, including liabilities under the
Act.

          [If applicable, add information required by Regulation S-K Items 507
and/or 508.]

                                       C-1
<Page>

                                     ANNEX D

RIDER A

PLEASE FILL IN YOUR NAME AND ADDRESS BELOW IF YOU ARE A BROKER-DEALER AND WISH
TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY
AMENDMENTS OR SUPPLEMENTS THERETO.

Name:      ______________________________
Address:   ______________________________
           ______________________________

RIDER B

If the undersigned is not a Broker-Dealer, the undersigned represents that it
acquired the New Securities in the ordinary course of its business, it is not
engaged in, and does not intend to engage in, a distribution of New Securities
and it has no arrangements or understandings with any person to participate in a
distribution of the New Securities. If the undersigned is a Broker-Dealer that
will receive New Securities for its own account in exchange for Securities, it
represents that the Securities to be exchanged for New Securities were acquired
by it as a result of market-making activities or other trading activities and
acknowledges that it will deliver a prospectus in connection with any resale of
such New Securities; however, by so acknowledging and by delivering a
prospectus, the undersigned will not be deemed to admit that it is an
"underwriter" within the meaning of the Act.<Page>

                                                                    Exhibit 10.1

                                  $505,000,000

                                CREDIT AGREEMENT

                            DATED AS OF APRIL 6, 2004

                                      AMONG

                              PRESTIGE BRANDS, INC.
                                   AS BORROWER

                       PRESTIGE BRANDS INTERNATIONAL, LLC
                                    AS PARENT

                                       AND

                      THE LENDERS AND ISSUERS PARTY HERETO

                                       AND

                          CITICORP NORTH AMERICA, INC.
                   AS ADMINISTRATIVE AGENT AND TRANCHE C AGENT

                                       AND

                              BANK OF AMERICA, N.A.
                              AS SYNDICATION AGENT

                                       AND

                             MERRILL LYNCH CAPITAL,
          A DIVISION OF MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC.
                             AS DOCUMENTATION AGENT

                          CITIGROUP GLOBAL MARKETS INC.

                                       AND

                         BANC OF AMERICA SECURITIES LLC
             AS JOINT LEAD ARRANGERS AND JOINT BOOK-RUNNING MANAGERS

                           WEIL, GOTSHAL & MANGES LLP
                                767 FIFTH AVENUE
                          NEW YORK, NEW YORK 10153-0119

<Page>

<Table>
<S>                                                                                               <C>
ARTICLE I             DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS.............................1

   SECTION 1.1     DEFINED TERMS...................................................................1
   SECTION 1.2     COMPUTATION OF TIME PERIODS....................................................47
   SECTION 1.3     ACCOUNTING TERMS AND PRINCIPLES................................................47
   SECTION 1.4     CONVERSION OF FOREIGN CURRENCIES...............................................47
   SECTION 1.5     CERTAIN TERMS..................................................................48

ARTICLE II            THE FACILITIES..............................................................49

   SECTION 2.1     THE COMMITMENTS................................................................49
   SECTION 2.2     BORROWING PROCEDURES...........................................................50
   SECTION 2.3     SWING LOANS....................................................................52
   SECTION 2.4     LETTERS OF CREDIT..............................................................54
   SECTION 2.5     TERMINATION OF THE COMMITMENTS.................................................58
   SECTION 2.6     REPAYMENT OF LOANS.............................................................59
   SECTION 2.7     EVIDENCE OF DEBT...............................................................59
   SECTION 2.8     OPTIONAL PREPAYMENTS...........................................................61
   SECTION 2.9     MANDATORY PREPAYMENTS..........................................................61
   SECTION 2.10       INTEREST....................................................................65
   SECTION 2.11       CONVERSION/CONTINUATION OPTION..............................................66
   SECTION 2.12       FEES........................................................................66
   SECTION 2.13       PAYMENTS AND COMPUTATIONS...................................................68
   SECTION 2.14       SPECIAL PROVISIONS GOVERNING EURODOLLAR RATE LOANS..........................70
   SECTION 2.15       CAPITAL ADEQUACY............................................................71
   SECTION 2.16       TAXES.......................................................................72
   SECTION 2.17       SUBSTITUTION OF LENDERS.....................................................74

ARTICLE III           CONDITIONS TO LOANS AND LETTERS OF CREDIT...................................75

   SECTION 3.1     CONDITIONS PRECEDENT TO INITIAL LOANS AND LETTERS OF CREDIT....................75
   SECTION 3.2     CONDITIONS PRECEDENT TO EACH LOAN AND LETTER OF CREDIT.........................79
   SECTION 3.3     CONDITIONS PRECEDENT TO EACH FACILITIES INCREASE...............................80
   SECTION 3.4     DETERMINATIONS OF INITIAL BORROWING CONDITIONS.................................81

ARTICLE IV            REPRESENTATIONS AND WARRANTIES..............................................82

   SECTION 4.1     CORPORATE EXISTENCE; COMPLIANCE WITH LAW.......................................82
   SECTION 4.2     CORPORATE POWER; AUTHORIZATION; ENFORCEABLE OBLIGATIONS........................83
   SECTION 4.3     OWNERSHIP OF PARENT; SUBSIDIARIES..............................................84
   SECTION 4.4     FINANCIAL STATEMENTS...........................................................84
   SECTION 4.5     MATERIAL ADVERSE CHANGE........................................................85
   SECTION 4.6     SOLVENCY.......................................................................85
   SECTION 4.7     LITIGATION.....................................................................85
   SECTION 4.8     TAXES..........................................................................85
   SECTION 4.9     FULL DISCLOSURE................................................................86
   SECTION 4.10       MARGIN REGULATIONS..........................................................86
   SECTION 4.11       NO BURDENSOME RESTRICTIONS; NO DEFAULTS.....................................87
   SECTION 4.12       INVESTMENT COMPANY ACT; PUBLIC UTILITY HOLDING COMPANY ACT..................87
   SECTION 4.13       USE OF PROCEEDS.............................................................87
   SECTION 4.14       INSURANCE...................................................................87
   SECTION 4.15       LABOR MATTERS...............................................................88
   SECTION 4.16       ERISA.......................................................................88
   SECTION 4.17       ENVIRONMENTAL MATTERS.......................................................88
   SECTION 4.18       INTELLECTUAL PROPERTY.......................................................89
   SECTION 4.19       TITLE; REAL PROPERTY........................................................90
   SECTION 4.20       RELATED DOCUMENTS...........................................................90
</Table>

                                        i
<Page>

                                TABLE OF CONTENTS
                                   (CONTINUED)

<Table>
<Caption>
                                                                                                 PAGE
<S>                                                                                               <C>
ARTICLE V             FINANCIAL COVENANTS.........................................................91

   SECTION 5.1     MAXIMUM LEVERAGE RATIO.........................................................91
   SECTION 5.2     MINIMUM INTEREST COVERAGE RATIO................................................93
   SECTION 5.3     MINIMUM FIXED CHARGE COVERAGE RATIO............................................94
   SECTION 5.4     CAPITAL EXPENDITURES...........................................................94

ARTICLE VI            REPORTING COVENANTS.........................................................95

   SECTION 6.1     FINANCIAL STATEMENTS...........................................................95
   SECTION 6.2     DEFAULT NOTICES................................................................97
   SECTION 6.3     LITIGATION.....................................................................97
   SECTION 6.4     ASSET SALES....................................................................97
   SECTION 6.5     NOTICES UNDER RELATED DOCUMENTS................................................97
   SECTION 6.6     SEC FILINGS; PRESS RELEASES....................................................98
   SECTION 6.7     LABOR RELATIONS................................................................98
   SECTION 6.8     TAX RETURNS....................................................................98
   SECTION 6.9     INSURANCE......................................................................98
   SECTION 6.10       ERISA MATTERS...............................................................98
   SECTION 6.11       ENVIRONMENTAL MATTERS.......................................................99
   SECTION 6.12       MATERIAL CONTRACTS.........................................................100
   SECTION 6.13       OTHER INFORMATION..........................................................100

ARTICLE VII           AFFIRMATIVE COVENANTS......................................................100

   SECTION 7.1     PRESERVATION OF CORPORATE EXISTENCE, ETC......................................100
   SECTION 7.2     COMPLIANCE WITH LAWS, ETC.....................................................100
   SECTION 7.3     CONDUCT OF BUSINESS...........................................................100
   SECTION 7.4     PAYMENT OF TAXES, ETC.........................................................101
   SECTION 7.5     MAINTENANCE OF INSURANCE......................................................101
   SECTION 7.6     ACCESS........................................................................101
   SECTION 7.7     KEEPING OF BOOKS..............................................................102
   SECTION 7.8     MAINTENANCE OF PROPERTIES, ETC................................................102
   SECTION 7.9     APPLICATION OF PROCEEDS.......................................................102
   SECTION 7.10       ENVIRONMENTAL..............................................................102
   SECTION 7.11       ADDITIONAL COLLATERAL AND GUARANTIES.......................................102
   SECTION 7.12       CONTROL ACCOUNTS; APPROVED DEPOSIT ACCOUNTS................................104
   SECTION 7.13       REAL PROPERTY..............................................................104
   SECTION 7.14       INTEREST RATE CONTRACTS....................................................105
   SECTION 7.15       POST-CLOSING DELIVERIES....................................................105

ARTICLE VIII          NEGATIVE COVENANTS.........................................................106

   SECTION 8.1     INDEBTEDNESS..................................................................106
   SECTION 8.2     LIENS, ETC....................................................................108
   SECTION 8.3     INVESTMENTS...................................................................110
   SECTION 8.4     SALE OF ASSETS................................................................111
   SECTION 8.5     RESTRICTED PAYMENTS...........................................................113
   SECTION 8.6     PREPAYMENT AND CANCELLATION OF INDEBTEDNESS...................................114
   SECTION 8.7     RESTRICTION ON FUNDAMENTAL CHANGES; PERMITTED ACQUISITIONS....................115
   SECTION 8.8     CHANGE IN NATURE OF BUSINESS..................................................116
   SECTION 8.9     TRANSACTIONS WITH JOINT VENTURES AND AFFILIATES...............................116
   SECTION 8.10       LIMITATIONS ON RESTRICTIONS ON SUBSIDIARY DISTRIBUTIONS;
                      NO NEW NEGATIVE PLEDGE.....................................................117
   SECTION 8.11       MODIFICATION OF CONSTITUENT DOCUMENTS......................................118
   SECTION 8.12       MODIFICATION OF RELATED DOCUMENTS..........................................118
</Table>

                                       ii
<Page>

                                TABLE OF CONTENTS
                                   (CONTINUED)

<Table>
<Caption>
                                                                                                 PAGE
<S>                                                                                               <C>
   SECTION 8.13       MODIFICATION OF SUBORDINATED DEBT DOCUMENTS AND MANAGEMENT AGREEMENT;
                      SENIOR DEBT................................................................118
   SECTION 8.14       ACCOUNTING CHANGES; FISCAL YEAR............................................119
   SECTION 8.15       MARGIN REGULATIONS.........................................................119
   SECTION 8.16       SALE AND LEASEBACK TRANSACTIONS............................................119
   SECTION 8.17       NO SPECULATIVE TRANSACTIONS................................................119
   SECTION 8.18       COMPLIANCE WITH ERISA......................................................120
   SECTION 8.19       ENVIRONMENTAL..............................................................120

ARTICLE IX            EVENTS OF DEFAULT..........................................................120

   SECTION 9.1     EVENTS OF DEFAULT.............................................................120
   SECTION 9.2     REMEDIES......................................................................122
   SECTION 9.3     ACTIONS IN RESPECT OF LETTERS OF CREDIT.......................................122
   SECTION 9.4     RESCISSION....................................................................123

ARTICLE X             THE AGENTS.................................................................123

   SECTION 10.1       AUTHORIZATION AND ACTION...................................................123
   SECTION 10.2       AGENTS' RELIANCE, ETC......................................................124
   SECTION 10.3       POSTING OF APPROVED ELECTRONIC COMMUNICATIONS..............................125
   SECTION 10.4       EACH AGENT INDIVIDUALLY....................................................126
   SECTION 10.5       LENDER CREDIT DECISION.....................................................126
   SECTION 10.6       INDEMNIFICATION............................................................126
   SECTION 10.7       SUCCESSOR ADMINISTRATIVE AGENT AND TRANCHE C AGENT.........................127
   SECTION 10.8       CONCERNING THE COLLATERAL AND THE COLLATERAL DOCUMENTS.....................127
   SECTION 10.9       COLLATERAL MATTERS RELATING TO RELATED OBLIGATIONS.........................128

ARTICLE XI            MISCELLANEOUS..............................................................129

   SECTION 11.1       AMENDMENTS, WAIVERS, ETC...................................................129
   SECTION 11.2       ASSIGNMENTS AND PARTICIPATIONS.............................................132
   SECTION 11.3       COSTS AND EXPENSES.........................................................136
   SECTION 11.4       INDEMNITIES................................................................137
   SECTION 11.5       LIMITATION OF LIABILITY....................................................139
   SECTION 11.6       RIGHT OF SET-OFF...........................................................139
   SECTION 11.7       SHARING OF PAYMENTS, ETC...................................................139
   SECTION 11.8       NOTICES, ETC...............................................................140
   SECTION 11.9       NO WAIVER; REMEDIES........................................................142
   SECTION 11.10      BINDING EFFECT.............................................................142
   SECTION 11.11      GOVERNING LAW..............................................................142
   SECTION 11.12      SUBMISSION TO JURISDICTION; SERVICE OF PROCESS.............................142
   SECTION 11.13      WAIVER OF JURY TRIAL.......................................................143
   SECTION 11.14      MARSHALING; PAYMENTS SET ASIDE.............................................143
   SECTION 11.15      SECTION TITLES.............................................................143
   SECTION 11.16      EXECUTION IN COUNTERPARTS..................................................144
   SECTION 11.17      ENTIRE AGREEMENT...........................................................144
   SECTION 11.18      CONFIDENTIALITY............................................................144
</Table>

                                       iii
<Page>

                                TABLE OF CONTENTS
                                   (CONTINUED)

<Table>
<Caption>
                                                                            PAGE
<S>                <C>                                                      <C>
                                    SCHEDULES

Schedule I      -  Commitments
Schedule II     -  Applicable Lending Offices and Addresses for Notices
Schedule 1.1    -  EBITDA Adjustments
Schedule 2.4    -  Existing Letters of Credit
Schedule 4.2    -  Consents
Schedule 4.3    -  Ownership of Loan Parties
Schedule 4.4    -  Financial Statements
Schedule 4.7    -  Litigation
Schedule 4.15   -  Labor Matters
Schedule 4.16   -  List of Plans
Schedule 4.17   -  Environmental Matters
Schedule 4.18   -  Intellectual Property
Schedule 4.19   -  Real Property
Schedule 7.15   -  Post-Closing Deliveries
Schedule 8.1    -  Existing Indebtedness
Schedule 8.2    -  Existing Liens
Schedule 8.3    -  Existing Investments

                                    EXHIBITS

Exhibit A       -  Form of Assignment and Acceptance
Exhibit B-1     -  Form of Revolving Credit Note
Exhibit B-2     -  Form of Term Note
Exhibit C       -  Form of Notice of Borrowing
Exhibit D       -  Form of Swing Loan Request
Exhibit E       -  Form of Letter of Credit Request
Exhibit F       -  Form of Notice of Conversion or Continuation
Exhibit G       -  Form of Opinion of Counsel for the Loan Parties
Exhibit H       -  Form of Guaranty
Exhibit I       -  Form of Pledge and Security Agreement
Exhibit J       -  Form of Intercreditor Agreement
</Table>

                                       iv
<Page>

          CREDIT AGREEMENT, dated as of April 6, 2004, among PRESTIGE BRANDS,
INC., a Delaware corporation (the "BORROWER"), PRESTIGE BRANDS INTERNATIONAL,
LLC, a Delaware limited liability company (the "PARENT"), the Lenders (as
defined below), the Issuers (as defined below), CITICORP NORTH AMERICA, INC.
("CITICORP"), as administrative agent for the Lenders and the Issuers and
collateral agent for the First-Priority Secured Parties (in such capacities, the
"ADMINISTRATIVE AGENT") and as collateral agent for the Tranche C Secured
Parties (in such capacity, the "TRANCHE C AGENT"), BANK OF AMERICA, N.A.
("BOFA"), as syndication agent for the Lenders and the Issuers (in such
capacity, the "SYNDICATION AGENT") and MERRILL LYNCH CAPITAL, a division of
Merrill Lynch Business Financial Services Inc. ("MERRILL"), as documentation
agent for the Lenders and the Issuers (in such capacity, the "DOCUMENTATION
AGENT").

                              W I T N E S S E T H:

          WHEREAS, the Borrower has requested that the Lenders and Issuers make
available for the purposes specified in this Agreement, a term loan, revolving
credit and letter of credit facility; and

          WHEREAS, the Lenders and Issuers are willing to make available to the
Borrower such term loan, revolving credit and letter of credit facility upon the
terms and subject to the conditions set forth herein;

          NOW, THEREFORE, in consideration of the premises and the covenants and
agreements contained herein, the parties hereto hereby agree as follows:

                                    ARTICLE I

                DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS

          SECTION 1.1    DEFINED TERMS

          As used in this Agreement, the following terms have the following
meanings (such meanings to be equally applicable to both the singular and plural
forms of the terms defined):

          "ACQUISITIONS" means, collectively, the Medtech Acquisition, the
Prestige Acquisition and the Spic and Span Acquisition.

          "ADDITIONAL SUBORDINATED DEBT" means unsecured Indebtedness of the
Borrower that (a) is junior to or pari passu with the Subordinated Notes, (b)
bears interest and provides for the payment of fees on terms and conditions not
significantly less favorable to any Loan Party from those offered to similarly
situated borrowers in the marketplace for similar facilities, (c) has a maturity
not earlier and an average life to maturity not less than that of the
Subordinated Notes (calculated at the time of incurrence of such Indebtedness),
(d) allows for the mandatory prepayments provided hereunder and (e) is otherwise
on terms and conditions that, taken as a whole, are materially not less
favorable to the Loan Parties and the interests of any Collateral Agent, the
Syndication Agent, any Lender, Issuer or Secured Party under the Loan Documents
than those of the Subordinated Notes and the Subordinated Notes Documents.

<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "ADDITIONAL SUBORDINATED DEBT DOCUMENT" means any note, indenture or
credit agreement governing the issuance or setting forth the terms of any
Additional Subordinated Debt and any other agreement, certificate, power of
attorney, or document related to any of the foregoing.

          "ADDITIONAL SUBORDINATED DEBT NOTICE" means a written notice executed
by a Responsible Officer of the Parent with respect to the incurrence of
Additional Subordinated Debt stating that (a) no Event of Default has occurred
and is continuing and (b) the Parent (directly or indirectly through one of its
Subsidiaries) intends and expects to use all (or an amount identified in such
notice) of the proceeds of such Additional Subordinated Debt substantially
contemporaneously with the issuance of such Additional Subordinated Debt as part
of the consideration (as set forth in CLAUSE (e) of the definition of Permitted
Acquisition) to be paid for a Permitted Acquisition identified therein.

          "ADJUSTED EBITDA" shall mean EBITDA adjusted as provided in SCHEDULE
1.1 (EBITDA ADJUSTMENTS) for the periods set forth on such Schedule.

          "ADMINISTRATIVE AGENT" has the meaning specified in the preamble to
this Agreement.

          "AFFECTED LENDER" has the meaning specified in SECTION 2.17
(SUBSTITUTION OF LENDERS).

          "AFFILIATE" means, with respect to any Person, any other Person
directly or indirectly controlling or that is controlled by or is under common
control with such Person, each officer, director, general partner or
joint-venturer of such Person, and each Person that is the beneficial owner of
10% or more of any class of Voting Stock of such Person. For the purposes of
this definition, "CONTROL" means the possession of the power to direct or cause
the direction of the management and policies of such Person, whether through the
ownership of voting securities, by contract or otherwise.

          "AGENT AFFILIATE" has the meaning specified in SECTION 10.3(c)
(POSTING OF APPROVED ELECTRONIC COMMUNICATIONS).

          "AGENT" means each of the Administrative Agent, the Syndication Agent,
the Tranche C Agent and the Documentation Agent.

          "AGREEMENT" means this Credit Agreement.

          "ALTERNATIVE CURRENCY" means any lawful currency other than Dollars
that is readily transferable into Dollars.

          "ANTI-TERRORISM LAW" has the meaning specified in SECTION 4.1(b)
(CORPORATE EXISTENCE; COMPLIANCE WITH LAW).

          "ANTI-TERRORISM ORDER" has the meaning specified in SECTION 4.1(b)
(CORPORATE EXISTENCE; COMPLIANCE WITH LAW).

          "APPLICABLE COLLATERAL AGENT" means prior to payment in full of the
First-Priority Secured Obligations, the Administrative Agent, and, thereafter,
the Tranche C Agent.

                                        2
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "APPLICABLE LENDING OFFICE" means, with respect to each Lender, its
Domestic Lending Office in the case of a Base Rate Loan, and its Eurodollar
Lending Office in the case of a Eurodollar Rate Loan.

          "APPLICABLE MARGIN" means the following:

                    (a) with respect to (i) Tranche B Loans maintained as Base
          Rate Loans, a rate equal to 1.75% per annum and (ii) Tranche B Loans
          maintained as Eurodollar Rate Loans, a rate equal to 2.75% per annum;

                    (b) with respect to (i) Tranche C Loans maintained as Base
          Rate Loans, a rate equal to 3.75% per annum and (ii) Tranche C Loans
          maintained as Eurodollar Rate Loans, a rate equal to 4.75% per annum;
          and

                    (c)(i) during the period from the Closing Date through the
          180th day following the Closing Date, with respect to (A) Revolving
          Loans and Swing Loans maintained as Base Rate Loans, a rate equal to
          1.50% per annum and (B) Revolving Loans maintained as Eurodollar Rate
          Loans, a rate equal to 2.50% per annum and (ii) thereafter, as of any
          date of determination, a per annum rate equal to the rate set forth
          below opposite the applicable type of Loan and the then applicable
          Leverage Ratio (determined on the last day of the most recent Fiscal
          Quarter for which Financial Statements have been delivered pursuant to
          SECTION 6.1(b) or (c) (FINANCIAL STATEMENTS)) set forth below:

<Table>
<Caption>
                                                                         BASE RATE     EURODOLLAR RATE
          LEVERAGE RATIO                                                   LOANS            LOANS
          --------------------------------------------------------------------------------------------
          <S>                                                              <C>              <C>
          Greater than or equal to 5 to 1                                  1.50%            2.50%
          --------------------------------------------------------------------------------------------
          Less than 5 to 1 and equal to or greater than 4.25 to 1          1.25%            2.25%
          --------------------------------------------------------------------------------------------
          Less than 4.25 to 1 and equal to or greater than 3.5 to 1        1.00%            2.00%
          --------------------------------------------------------------------------------------------
          Less than 3.5 to 1                                               0.75%            1.75%
          --------------------------------------------------------------------------------------------
</Table>

Changes in the Applicable Margin resulting from a change in the Leverage Ratio
on the last day of any subsequent Fiscal Quarter shall become effective as to
all Revolving Loans and Swing Loans upon delivery by the Parent to the
Administrative Agent of new Financial Statements pursuant to SECTION 6.1(b) or
(c) (FINANCIAL STATEMENTS), as applicable. Notwithstanding anything to the
contrary set forth in this Agreement (including the then effective Leverage
Ratio), if the Parent shall fail to deliver such Financial Statements within any
of the time periods specified in SECTION 6.1(b) or (c) (FINANCIAL STATEMENTS),
the Applicable Margin from and including the 46th day after the end of such
Fiscal Quarter or the 101st day after the end of such Fiscal Year, as the case
may be, to but not including the date the Parent delivers to the Administrative
Agent such Financial Statements shall equal the highest possible Applicable
Margin provided for by this definition.

          "APPLICABLE UNUSED COMMITMENT FEE RATE" means 0.50% per annum.

          "APPROVED DEPOSIT ACCOUNT" means a Deposit Account that is the subject
of an effective Deposit Account Control Agreement and that is maintained by any
Loan Party with a Deposit Account Bank. "APPROVED DEPOSIT ACCOUNT" includes all
monies on deposit in a Deposit

                                        3
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

Account and all certificates and instruments, if any, representing or evidencing
such Deposit Account.

          "APPROVED ELECTRONIC COMMUNICATIONS" means each notice, demand,
communication, information, document and other material that any Loan Party is
obligated to, or otherwise chooses to, provide to any Agent pursuant to any Loan
Document or the transactions contemplated therein, including (a) any supplement
to the Guaranty, any joinder to the Pledge and Security Agreement and any other
written Contractual Obligation delivered or required to be delivered in respect
of any Loan Document or the transactions contemplated therein and (b) any
Financial Statement, financial and other report, notice, request, certificate
and other information material; PROVIDED, HOWEVER, that, "APPROVED ELECTRONIC
COMMUNICATION" shall exclude (x) any Notice of Borrowing, Letter of Credit
Request, Swing Loan Request, Facilities Increase Notice, Notice of Conversion or
Continuation, and any other notice, demand, communication, information, document
and other material relating to a request for a new, or a conversion of an
existing, Borrowing, (ii) any notice pursuant to SECTION 2.8 (OPTIONAL
PREPAYMENTS) and SECTION 2.9 (MANDATORY PREPAYMENTS) and any other notice
relating to the payment of any principal or other amount due under any Loan
Document prior to the scheduled date therefor, (iii) all notices of any Default
or Event of Default and (iv) any notice, demand, communication, information,
document and other material required to be delivered to satisfy any of the
conditions set forth in ARTICLE III (CONDITIONS TO LOANS AND LETTERS OF CREDIT)
or SECTION 2.4(a) (LETTERS OF CREDIT) or any other condition to any Borrowing or
other extension of credit hereunder or any condition precedent to the
effectiveness of this Agreement.

          "APPROVED ELECTRONIC PLATFORM" has the meaning specified in SECTION
10.3(a) (POSTING OF APPROVED ELECTRONIC COMMUNICATIONS).

          "APPROVED FUND" means, with respect to any Person, any Fund that is
administered, advised or managed by such Person, an Affiliate of such Person or
by any other entity that also administers, advises or manages such Person or
Affiliate.

          "APPROVED SECURITIES INTERMEDIARY" means a "securities intermediary"
or a "commodity intermediary" (as such terms are defined in the UCC) that is
either an Agent or a Revolving Credit Lender party to this Agreement on the date
hereof or prior to the Syndication Completion Date (and each Affiliate thereof)
or that is approved by the Applicable Collateral Agent, which approval shall not
be unreasonably withheld.

          "ARRANGER" means each of Citigroup Global Markets Inc. and Banc of
America Securities LLC, in their capacity as joint lead arrangers and joint
book-running managers.

          "ASSET SALE" has the meaning specified in SECTION 8.4 (SALE OF
ASSETS).

          "ASSIGNMENT AND ACCEPTANCE" means an assignment and acceptance entered
into by a Lender and an Eligible Assignee, and accepted by the Administrative
Agent, in substantially the form of EXHIBIT A (FORM OF ASSIGNMENT AND
ACCEPTANCE).

          "AVAILABLE CREDIT" means, at any date, (a) the then effective
Revolving Credit Commitments MINUS (b) the aggregate Revolving Credit
Outstandings on such date, after giving effect to any substantially
contemporaneous repayment of any Loan or Reimbursement Obligation on such date.

                                        4
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "AVAILABLE EMPLOYEE BASKET" means, at any time, $5,000,000 LESS the
sum of the following: (a) the aggregate amount of all cash payments made in
respect of Indebtedness incurred in reliance upon SECTION 8.1(m) (INDEBTEDNESS)
after the Closing Date, (b) the aggregate amount of all cash dividends made
pursuant to SECTION 8.5(c)(iii) (RESTRICTED PAYMENTS) after the Closing Date
(other than Restricted Payments as described under SECTION 8.5(c)(iii)(A)
(RESTRICTED PAYMENTS)) and (c) the aggregate principal amount of all
intercompany loans made pursuant to SECTION 8.3(i) (INVESTMENTS) in reliance
upon such SECTION 8.5(c)(iii) (RESTRICTED PAYMENTS).

          "BAILEE'S LETTER" means a letter in form and substance reasonably
acceptable to the Applicable Collateral Agent and executed by any Person (other
than such Loan Party) that is in possession of inventory on behalf of any Loan
Party pursuant to which such Person acknowledges, among other things, the
Collateral Agents' Liens with respect thereto.

          "BASE RATE" means, for any period, a fluctuating interest rate per
annum as shall be in effect from time to time, which rate per annum shall be
equal at all times to the highest of the following:

          (a)  the rate of interest announced publicly by Citibank in New York,
New York, from time to time, as Citibank's base rate; and

          (b)  0.5% per annum PLUS the Federal Funds Rate.

          "BASE RATE LOAN" means any Swing Loan or any other Loan during any
period in which it bears interest based on the Base Rate.

          "BOFA" has the meaning specified in the preamble to this Agreement.

          "BORROWER" has the meaning specified in the preamble to this
Agreement.

          "BORROWER'S ACCOUNTANTS" means PricewaterhouseCoopers or other
independent nationally-recognized public accountants acceptable to the
Administrative Agent, which acceptance shall not be unreasonably withheld.

          "BORROWING" means a Revolving Credit Borrowing or a Term Loan
Borrowing.

          "BUSINESS DAY" means a day of the year on which banks are not required
or authorized to close in New York City and, if the applicable Business Day
relates to notices, determinations, fundings and payments in connection with the
Eurodollar Rate or any Eurodollar Rate Loans, a day on which dealings in Dollar
deposits are also carried on in the London interbank market.

          "CAPITAL EXPENDITURES" means, for any Person for any period, the
aggregate of amounts that would be reflected as additions to property, plant or
equipment on a Consolidated balance sheet of such Person and its Subsidiaries,
excluding interest capitalized during construction.

          "CAPITAL LEASE" means, with respect to any Person, any lease of, or
other arrangement conveying the right to use, property by such Person as lessee
that would be accounted for as capitalized liability on a balance sheet of such
Person prepared in conformity with GAAP.

                                        5
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "CAPITAL LEASE OBLIGATIONS" means, with respect to any Person, the
capitalized amount of all Consolidated obligations of such Person or any of its
Subsidiaries under Capital Leases determined in accordance with GAAP.

          "CASH COLLATERAL ACCOUNT" means any Deposit Account or Securities
Account that is (a) established by the Administrative Agent from time to time in
its sole discretion to receive cash and Cash Equivalents (or purchase cash or
Cash Equivalents with funds received) from the Loan Parties or Persons acting on
their behalf pursuant to the Loan Documents, (b) with such depositaries and
securities intermediaries as the Administrative Agent may determine in its sole
discretion, (c) in the name of the Administrative Agent (although such account
may also have words referring to any Loan Party and the account's purpose), (d)
under the control of the Administrative Agent and (e) in the case of a
Securities Account, with respect to which the Administrative Agent shall be the
Entitlement Holder and the only Person authorized to give Entitlement Orders
with respect thereto.

          "CASH EQUIVALENTS" means each the following:

          (a)  (i) securities issued or fully guaranteed or insured by the
     United States federal government or any agency thereof and (ii) securities
     owned by a Foreign Non-Guarantor and issued, fully guaranteed or insured by
     the United Kingdom or any agency or instrumentality thereof (as long as
     that the full faith and credit of the United Kingdom is pledged in support
     of those securities);

          (b)  (i) certificates of deposit, eurodollar time deposits, overnight
     bank deposits and bankers' acceptances of any commercial bank organized
     under the laws of the United States, any state thereof, the District of
     Columbia, any foreign bank, or its branches or agencies (fully protected
     against currency fluctuations) that, at the time of acquisition, are rated
     at least "A-1" by S&P or "P-1" by Moody's, and (ii) certificates of
     deposit, eurodollar time deposits, banker's acceptances and overnight bank
     deposits, in each case of any non-U.S. commercial bank having capital and
     surplus in excess of $500,000,000 and a Thomson BankWatch Rating of at
     least "B" and owned by any Foreign Non-Guarantor;

          (c)  repurchase obligations with a term of not more than seven days
     with respect to securities of the types described in CLAUSE (a) or (b)
     above of a Person permitted to make Investments in such securities pursuant
     to such clauses and with a Lender or any Affiliate thereof or a financial
     institution meeting the definition of CLAUSE (b) or (c) of the definition
     of Eligible Assignee;

          (d)  (i) commercial paper of an issuer rated at least "A-1" by S&P or
     "P-1" by Moody's and (ii) commercial paper owned by a Foreign Non-Guarantor
     of an issuer having the highest rating obtainable from S&P or Moody's; and

          (e)  (i) shares of any money market fund that (A) has at least 95% of
     its assets invested continuously in the types of investments referred to in
     CLAUSES (a) through (d) above, (B) has net assets whose Dollar Equivalent
     exceeds $500,000,000 and (C) is rated at least "A-1" by S&P or "P-1" by
     Moody's and (ii) shares owned by a Foreign Non-Guarantor of any money
     market fund that has at least 95% of its assets invested continuously in
     the types of investments referred to in CLAUSES (a) through (d) above;

                                        6
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

PROVIDED, HOWEVER, that (x) the maturities of all obligations of the type
specified in CLAUSES (a) through (e) above shall not exceed the lesser of the
time specified in such clauses and (A) in the case of obligations owned by a
Foreign Non-Guarantor, 180 days and (B) otherwise, 360 days and (y) "CASH
EQUIVALENTS" shall not include Securities of the Parent, the Ultimate Parent,
their Subsidiaries, Joint Ventures of any of them and any Affiliate or Approved
Fund of any of the foregoing.

          "CASH INTEREST EXPENSE" means, with respect to any Person for any
period, the Interest Expense of such Person for such period LESS the sum of,
without duplication and in each case determined on a Consolidated basis for such
Person and its Subsidiaries and included in such sum only to the extent included
in the calculation of Interest Expense, (a) the Non-Cash Interest Expense of
such Person for such period, (b) any fees (including underwriting fees) and
expenses paid by such Person or its Consolidated Subsidiaries during such period
in connection with the consummation of the Acquisitions, (c) any fees (including
underwriting fees) and expenses paid by such Person or its Consolidated
Subsidiaries during such period in connection with the consummation of any
Permitted Acquisition or Sale of Business permitted hereunder, in an aggregate
amount over all such periods not to exceed $5,000,000, (d) any upfront fee and
other cash payments made during such period by the Borrower as a condition to
the execution of any Interest Rate Contract the Borrower is required to enter
into pursuant to SECTION 7.14 (INTEREST RATE CONTRACTS) to other parties to such
Interest Rate Contract as consideration required by such other parties to enter
into such Interest Rate Contract, (e) any fees paid during such period by or on
behalf of the Borrower to any Agent pursuant to any Fee Letter, (f) any
Consolidated net cash gain of such Person and its Subsidiaries under Interest
Rate Contracts for such period and (g) any Consolidated interest income of such
Person and its Subsidiaries for such period.

          "CASH MANAGEMENT OBLIGATION" means, as applied to any Person, any
direct or indirect liability, contingent or otherwise, of such Person in respect
of cash management services (including treasury, depository, overdraft, credit
or debit card, electronic funds transfer and other cash management arrangements)
provided by any Lender or any Affiliate thereof in connection with this
Agreement or any Loan Document, including obligations for the payment of fees,
interest, charges, expenses, attorneys' fees and disbursements in connection
therewith.

          "CHANGE OF CONTROL" means the occurrence of any event, transaction or
occurrence as a result of which any of the following occurs:

          (a)  prior to the completion of any initial public offering of the
     Stock of Parent or Ultimate Parent generating (individually or in the
     aggregate together with any prior initial public offering) net cash
     proceeds to the Loan Parties the Dollar Equivalent of which equals or
     exceeds $150,000,000, the Sponsor shall cease to, directly or indirectly,
     own and control (i) more than 50% of the Voting Stock of the Parent, on a
     fully diluted basis or (ii) at least a percentage of the outstanding Voting
     Stock of the Parent necessary to elect at any time a majority of the board
     of directors (or similar governing body) of the Parent;

          (b)  on and after completion of any such initial public offering, any
     "person" or "group" (as such terms are used in Sections 13(d) and 14(d) of
     the United States Securities Exchange Act of 1934, including any group
     acting for the purpose of acquiring, holding, voting or disposing of
     Securities within the meaning of Rule 13d5(b)(1) of the United States
     Securities Exchange Act of 1934) other than the Sponsor shall become the
     "beneficial owner" (as defined in Rules 13(d)-3 and 13(d)-5 under the

                                        7
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

     United States Securities Exchange Act of 1934, except that each Person will
     be deemed to have "beneficial ownership" of all Stock and Stock Equivalents
     that such Person has the right to acquire, whether such right is
     exercisable immediately or only after the passage of time), directly or
     indirectly, of more than the greater of (x) 30% of the then outstanding
     Voting Stock of Parent or (y) the Voting Stock of Parent owned, directly or
     indirectly, by the Sponsor (for purposes of this CLAUSE (b), such person or
     group shall be deemed to beneficially own any Voting Stock of any Person
     held by any other Person as long as such person or group beneficially owns,
     directly or indirectly, in the aggregate at least a majority of the total
     voting power of the Voting Stock of such other Person);

          (c)  during any period of twelve consecutive calendar months,
     individuals who, at the beginning of such period, constituted the board of
     directors (or similar governing body) of the Parent (together with any new
     directors nominated by the Sponsor and directors whose election by the
     board of directors of the Parent or whose nomination for election by the
     members of the Parent was approved by a vote of at least a majority of the
     directors (or members of a similar governing body) then still in office who
     either were directors at the beginning of such period or whose elections or
     nomination for election was previously so approved) cease for any reason
     other than death or disability to constitute a majority of the directors
     (or members of a similar governing body) then in office;

          (d)  the Parent shall cease to own and control, directly or through
     one or more Wholly-Owned Subsidiaries, all of the economic and voting
     rights associated with all of the outstanding Stock of the Borrower; or

          (e)  any "Change of Control" under and as defined in the Subordinated
     Notes Indenture or any term of similar import under any Subordinated Debt
     Document.

          "CHANGE OF LAW" has the meaning specified in SECTION 2.14(c) (SPECIAL
PROVISIONS GOVERNING EURODOLLAR RATE LOANS).

          "CITIBANK" means Citibank, N.A., a national banking association.

          "CITICORP" has the meaning specified in the preamble to this
Agreement.

          "CLOSING DATE" means the first date on which any Loan is made or any
Letter of Credit is Issued or deemed issued pursuant to SECTION 2.4(k) (LETTERS
OF CREDIT).

          "CLOSING DATE ACQUISITION" means the Prestige Acquisition.

          "CLOSING DATE ACQUISITION AGREEMENT" means the Prestige Acquisition
Agreement.

          "CLOSING DATE RELATED DOCUMENT" means each Subordinated Notes
Document, each Prestige Acquisition Document and each Sponsor's Equity
Investment Document.

          "CODE" means the U.S. Internal Revenue Code of 1986, as currently
amended.

                                        8
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "COLLATERAL" means all property and interests in property and proceeds
thereof now owned or hereafter acquired by any Loan Party in or upon which a
Lien is granted under any Collateral Document.

          "COLLATERAL AGENTS" means each of the Administrative Agent and the
Tranche C Agent.

          "COLLATERAL DOCUMENTS" means the Pledge and Security Agreement, the
Foreign Collateral Documents, the Mortgages (if any are executed after the
Closing Date), the Deposit Account Control Agreements, the Securities Account
Control Agreements and any other document executed and delivered by a Loan Party
granting a Lien on any of its property to secure payment of the Secured
Obligations.

          "COMMITMENT" means, with respect to any Lender, such Lender's
Revolving Credit Commitment, Tranche B Commitment and Tranche C Commitment, if
any, and "COMMITMENTS" means the aggregate Revolving Credit Commitments, Tranche
B Commitments and Tranche C Commitments of all Lenders.

          "COMMODITY ACCOUNT" has the meaning given to such term in the UCC.

          "COMPLIANCE CERTIFICATE" has the meaning specified in SECTION 6.1(d)
(FINANCIAL STATEMENTS).

          "CONSOLIDATED" means, with respect to any Person, the consolidation of
accounts of such Person and its Subsidiaries in accordance with GAAP.

          "CONSOLIDATED CURRENT ASSETS" means, with respect to any Person at any
date, the total Consolidated current assets (other than cash and Cash
Equivalents) of such Person and its Subsidiaries at such date, excluding any
credit for deferred federal, state, local and foreign income tax.

          "CONSOLIDATED CURRENT LIABILITIES" means, with respect to any Person
at any date, all liabilities of such Person and its Subsidiaries at such date
that should be classified as current liabilities on a Consolidated balance sheet
of such Person and its Subsidiaries, but excluding, in the case of the Parent,
and only to the extent included in current liabilities of the Parent and its
Subsidiaries on a Consolidated balance sheet thereof, the sum of, without
duplication, (a) the principal amount of any current portion of long-term
Consolidated Financial Covenant Debt of such Person, (b) the then outstanding
principal amount of the Loans, (c) the current portion of any accrued and unpaid
interest on any Indebtedness described under CLAUSE (a) or (b) above and (d)
liabilities for deferred federal, state, local and foreign income tax.

          "CONSOLIDATED NET INCOME" means, for any Person for any period, the
Consolidated net income (or loss) of such Person and its Subsidiaries for such
period; PROVIDED, HOWEVER, that (a) the net income of any other Person in which
such Person or one of its Subsidiaries has a joint interest with a third party
(which interest does not cause the net income of such other Person to be
Consolidated into the net income of such Person) shall be included only to the
extent of the amount of dividends or distributions paid to such Person or
Subsidiary, (b) the net income of any Subsidiary of such Person that (i) is a
Loan Party and that is subject to any consensual restriction or limitation on
the payment of dividends or the making of other distributions shall be excluded
to the extent of such restriction or limitation or (ii) is not a Loan

                                        9
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

Party and that is subject to any restriction or limitation (whether or not
consensual) on the payment of dividends or the making of other distributions
shall be excluded to the extent of such restriction or limitation and (c)
extraordinary, unusual or non-recurring gains and losses and any one-time
increase or decrease to net income that is required to be recorded because of
the adoption of new accounting policies, practices or standards required by GAAP
shall be excluded and (d) gains and losses from businesses reflected on the
Financial Statements of such Person as discontinued operations shall be
excluded.

          "CONSTITUENT DOCUMENTS" means, with respect to any Person, (a) the
articles of incorporation, certificate of incorporation, constitution or
certificate of formation (or the equivalent organizational documents) of such
Person, (b) the by-laws, operating agreement (or the equivalent governing
documents) of such Person and (c) any document setting forth the manner of
election and obligations of the directors or managing members of such Person (if
any) and the designation, amount or relative rights, limitations and preferences
of any class or series of such Person's Stock.

          "CONTAMINANT" means any material, substance or waste that is
classified, regulated or otherwise characterized under any Environmental Law as
hazardous, toxic, a contaminant or a pollutant or by other words of similar
meaning or regulatory effect, including any petroleum or petroleum-derived
substance or waste, asbestos and polychlorinated biphenyls.

          "CONTRACTUAL OBLIGATION" of any Person means any obligation,
agreement, undertaking or similar provision of any Security issued by such
Person or of any agreement, undertaking, contract, lease, indenture, mortgage,
deed of trust or other instrument (excluding a Loan Document) to which such
Person is a party or by which it or any of its property is bound or to which any
of its property is subject.

          "CONTROL ACCOUNT" means a Securities Account or Commodity Account that
is the subject of an effective Securities Account Control Agreement and that is
maintained by any Loan Party with an Approved Securities Intermediary. "CONTROL
ACCOUNT" includes all Financial Assets held in a Securities Account or a
Commodity Account and all certificates and instruments, if any, representing or
evidencing the Financial Assets contained therein.

          "CORPORATE CHART" means a corporate organizational chart, list or
other similar document in each case in form reasonably acceptable to the
Administrative Agent and setting forth, for each Person that is a Loan Party,
that is subject to SECTION 7.11 (ADDITIONAL COLLATERAL AND GUARANTIES) or that
is a Subsidiary or Joint Venture of any of them, (a) the full legal name of such
Person (and any trade name, fictitious name or other name such Person operates
under at such time), (b) the jurisdiction of organization, the organizational
number (if any) and the tax identification number (if any) of such Person, (c)
the location of such Person's chief executive office (or sole place of business)
and (d) the number of shares of each class of such Person's Stock authorized (if
applicable), the number outstanding as of the date of delivery and the number
and percentage of such outstanding shares for each such class owned (directly or
indirectly) by any Loan Party or any Subsidiary of any of them.

          "CUSTOMARY PERMITTED LIENS" means, with respect to any Person, any of
the following Liens, in each case as long as no such Lien secures any
Indebtedness for borrowed money:

                                       10
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          (a)  Liens with respect to the payment of taxes, assessments or
     governmental charges in each case that are not overdue by more than 30 days
     or that can be paid without penalty or that are being contested in good
     faith by appropriate proceedings and with respect to which adequate
     reserves or other appropriate provisions are being maintained to the extent
     required by GAAP;

          (b)  Liens of landlords arising by statute (or, with the
     Administrative Agent's consent, by contract) and liens of suppliers,
     mechanics, carriers, materialmen, warehousemen or workmen and other liens
     imposed by law (including, as applicable, under Article 2 of the uniform
     commercial code of any state of the United States or the District of
     Columbia and similar laws) created in the ordinary course of business for
     amounts not overdue by more than 30 days or that are being contested in
     good faith by appropriate proceedings and with respect to which adequate
     reserves or other appropriate provisions are being maintained to the extent
     required by GAAP;

          (c)  pledges and cash deposits made in the ordinary course of business
     in connection with workers' compensation, unemployment or other insurance
     obligations or other types of social security benefits or similar legal
     obligations or to secure the performance of bids, statutory obligations,
     public obligations to any Governmental Authority, tenders, sales, contracts
     (other than for the repayment of borrowed money) and surety, customs or
     performance bonds;

          (d)  encumbrances arising by reason of zoning restrictions, easements,
     licenses, building codes, land-use restrictions, reservations, covenants,
     rights-of-way, utility easements, building restrictions and other similar
     encumbrances on the use of real property not materially detracting from the
     value of such real property or not materially interfering with the ordinary
     conduct of the business conducted and proposed to be conducted at such real
     property;

          (e)  Liens arising under leases or subleases of real property that do
     not, in the aggregate, materially detract from the value of such real
     property or interfere with the ordinary conduct of the business conducted
     and proposed to be conducted at such real property;

          (f)  Liens, pledges and cash deposits to secure any appeal bond with
     respect to any judgment or order (or similar process) or Liens otherwise
     granted as part of such judgment or order (or similar process), in each
     case to the extent no Event of Default exists as a result of such Lien,
     judgment or order;

          (h)  rights of setoff, banker's liens and similar rights in favor of a
     banking institution that arise as a matter of law, encumber deposits and
     are within the general parameters customary in the banking industry; and

          (i)  Liens that might be deemed to exist on the assets subject to a
     repurchase agreement constituting a Cash Equivalent permitted hereunder, if
     such Liens are deemed to exist solely because the existence of such
     repurchase agreement.

          "DEBT ISSUANCE" means the incurrence of Indebtedness of the type
specified in CLAUSE (a) or (b) of the definition of "INDEBTEDNESS" by the Parent
or any of its Subsidiaries.

                                       11
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "DEFAULT" means any event that, with the passing of applicable grace
periods or the giving of notice or both, would become an Event of Default if not
cured or waived.

          "DEPOSIT ACCOUNT" has the meaning given to such term in the UCC.

          "DEPOSIT ACCOUNT BANK" means (a) each Agent and each Revolving Credit
Lender party to this Agreement on the date hereof or prior to the Syndication
Completion Date (and each Affiliate thereof), (b) the financial institutions
listed on SCHEDULE 7.15 (POST-CLOSING DELIVERIES) and (c) each other financial
institution approved by the Applicable Collateral Agent, which approval shall
not be unreasonably withheld.

          "DEPOSIT ACCOUNT CONTROL AGREEMENT" has the meaning specified in the
Pledge and Security Agreement.

          "DISCLOSURE DOCUMENTS" means, collectively, (a) the confidential
information memoranda and related materials prepared in connection with the
syndication of the Facilities, (b) the Subordinated Notes Offering Memorandum
and (c) on and after the issuance of any Additional Subordinated Debt, any
offering memoranda, information memoranda and similar documentation distributed
to prospective participants in a syndication or an offering in respect thereof.

          "DISQUALIFIED STOCK" means any Stock of the Parent that, by its terms,
(or by the terms of any Security into which it is convertible or for which it is
exchangeable, in either case at the option of the holder thereof) or otherwise
(a) matures or is mandatorily redeemable pursuant to a sinking fund obligation
or otherwise, (b) is or may become redeemable or repurchaseable at the option of
the holder thereof, in whole or in part, (c) is Indebtedness or is convertible
or exchangeable at the option of the holder thereof for Indebtedness or
Disqualified Stock, in each of CLAUSE (a), (b) and (c) coming due sooner than
the latest of (i) the first anniversary of the Tranche C Maturity Date, (ii) the
first anniversary of the Tranche B Maturity Date and (iii) the first anniversary
of the Scheduled Termination Date; PROVIDED, HOWEVER, that only the portion of
Stock which so matures or is so mandatorily redeemable, is so convertible or
exchangeable or is so redeemable at the option of the holder thereof prior to
such date, shall be deemed to be Disqualified Stock; and PROVIDED, FURTHER, that
any Stock that would constitute "Disqualified Stock" solely because the holders
thereof have the right to require the Parent or any of its Subsidiaries to
repurchase such Stock upon the occurrence of a change of control or asset sale
shall not constitute Disqualified Stock if the terms of such Stock (and all such
Securities into which it is convertible or for which it is exchangeable) provide
that none of the Parent or its Subsidiaries may repurchase or redeem any such
Stock (or any such Securities into which it is convertible or for which it is
exchangeable) pursuant to such provision prior to the payment in full of the
Secured Obligations.

          "DISQUALIFIED STOCK DOCUMENT" means any agreement, certificate, power
of attorney, or other document relating to any Disqualified Stock.

          "DOCUMENTARY LETTER OF CREDIT" means any Letter of Credit that is
drawable upon presentation of documents evidencing the sale or shipment of goods
purchased by the Parent or any of its Subsidiaries in the ordinary course of its
business.

          "DOCUMENTATION AGENT" has the meaning specified in the preamble
hereto.

                                       12
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "DOLLAR EQUIVALENT" of any amount means, at the time of determination
thereof, (a) if such amount is expressed in Dollars, such amount, (b) if such
amount is expressed in an Alternative Currency, the equivalent of such amount in
Dollars determined by using the rate of exchange quoted by Citibank in New York,
New York at 11:00 a.m. (New York time) on the date of determination (or, if such
date is not a Business Day, the last Business Day prior thereto) to prime banks
in New York for the spot purchase in the New York foreign exchange market of
such amount of Dollars with such Alternative Currency and (c) if such amount is
denominated in any other currency, the equivalent of such amount in Dollars as
determined by the Administrative Agent using any method of determination it
reasonably deems appropriate.

          "DOLLARS" and the sign "$" each mean the lawful money of the United
States of America.

          "DOMESTIC LENDING OFFICE" means, with respect to any Lender, the
office of such Lender specified as its "DOMESTIC LENDING OFFICE" opposite its
name on SCHEDULE II (APPLICABLE LENDING OFFICES AND ADDRESSES FOR NOTICES) or on
the Assignment and Acceptance by which it became a Lender or such other office
of such Lender as such Lender may from time to time specify to the Borrower and
the Administrative Agent.

          "DOMESTIC PERSON" means any "UNITED STATES PERSON" under and as
defined in Section 7701(a)(30) of the Code.

          "DOMESTIC SUBSIDIARY" means any Subsidiary of the Parent organized
under the laws of any state of the United States of America or the District of
Columbia.

          "EBITDA" means, with respect to any Person for any period,

          (a)  Consolidated Net Income of such Person for such period PLUS

          (b)  the sum of, in each case (other than in the case of CLAUSES
     (xiii) and (xiv) below) to the extent included in the calculation of such
     Consolidated Net Income as a reduction thereof but without duplication, the
     following:

               (i)    any provision for federal, state, local and foreign income
     tax, franchise taxes and state single business unitary and similar taxes
     imposed in lieu of income tax;

               (ii)   Interest Expense;

               (iii)  loss from extraordinary items;

               (iv)   depreciation, depletion and amortization expenses;

               (v)    cash expenses made during such period in connection with
     any Acquisition or Permitted Acquisition for which such Person or its
     Consolidated Subsidiaries have received during such period indemnification
     payments in respect of any Acquisition or Permitted Acquisition, to the
     extent reimbursed by third parties that are not Affiliates of such Person
     or any of its Consolidated Subsidiaries;

                                       13
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

               (vi)   fees and expenses paid during such period in connection
     with the exchange of the Subordinated Notes for notes registered with the
     Securities and Exchange Commission;

               (vii)  any aggregate net loss in such period from the sale,
     exchange or other disposition of capital assets (other than dispositions of
     Inventory in the ordinary course of business) by such Person or any of its
     Consolidated Subsidiaries in an amount not to exceed $5,000,000 in the
     aggregate for all such periods;

               (viii) any write-off made in such period of deferred financing
     costs;

               (ix)   earn-out obligations incurred in connection with any
     Acquisition or Permitted Acquisition and paid or accrued during such
     period;

               (x)    fees (including underwriting fees) and expenses paid by
     such Person or its Consolidated Subsidiaries during such period in
     connection with the consummation of the Transactions;

               (xi)   all other non-cash charges and non-cash losses for such
     period, including the amount of any compensation deduction as the result of
     any grant of Stock or Stock Equivalents to employees, officers, directors
     or consultants;

               (xii)  any portion of the Management Fees paid by or on behalf
     of, or accrued by, such Person or any of its Consolidated Subsidiaries
     during such period;

               (xiii) payments received by such Person or any of its
     Consolidated Subsidiaries from business interruption insurance;

               (xiv)  adjustments for the period from January 1, 2004 through
     March 31, 2004 in an amount not to exceed $10,000,000 for items deemed
     non-recurring by the Sponsor and a Responsible Officer of the Borrower (and
     as shall be acceptable to the Administrative Agent and the Syndication
     Agent) to reflect the manner in which the Parent and its Subsidiaries will
     be operated in the future after giving effect to the Acquisitions; and
     MINUS; and

               (xv)   costs not to exceed $2,600,000 to implement synergy cost
     savings outlined on SCHEDULE 1.1; and

          (c)  the sum of, in each case, to the extent included in the
     calculation of such Consolidated Net Income as an increase thereto but
     without duplication, each of the following:

               (i)    any credit for income tax;

               (ii)   Consolidated net gains of such Person and its Subsidiaries
     under Interest Rate Contracts for such period;

               (iii)  any Consolidated interest income of such Person and its
     Subsidiaries for such period;

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

               (iv)   gains from extraordinary items for such period;

               (v)    any aggregate net gain in such period (but not any
     aggregate net loss) from the sale, exchange or other disposition of capital
     assets by such Person or any of its Consolidated Subsidiaries (other than
     dispositions of Inventory in the ordinary course of business);

               (vi)   any cash refund of any payment in such period of any item
     described in CLAUSE (b) above which payment or item was added to
     Consolidated Net Income in the calculation of EBITDA by reason of such
     clause either in such period or in any prior period; and

               (vii)  any other non-cash gains or other items which have been
     added in determining Consolidated Net Income of such Person for such
     period, including any reversal of a change referred to in CLAUSE (b)(xi)
     above by reason of a decrease in the value of any Stock or Stock
     Equivalent.

          "ELIGIBLE ASSIGNEE" means (a) a Lender or an Affiliate or Approved
Fund of any Lender, (b) a commercial bank having total assets whose Dollar
Equivalent exceeds $5,000,000,000, (c) a finance company, insurance company or
any other financial institution or Fund, in each case reasonably acceptable to
the Administrative Agent and regularly engaged in making, purchasing or
investing in loans and having a net worth, determined in accordance with GAAP,
whose Dollar Equivalent exceeds $250,000,000 (or, to the extent net worth is
less than such amount, a finance company, insurance company, other financial
institution or Fund, reasonably acceptable to the Administrative Agent and the
Borrower) or (d) a savings and loan association or savings bank organized under
the laws of the United States or any State thereof having a net worth,
determined in accordance with GAAP, whose Dollar Equivalent exceeds
$250,000,000.

          "ENTITLEMENT HOLDER" has the meaning given to such term in the UCC.

          "ENTITLEMENT ORDER" has the meaning given to such term in the UCC.

          "ENVIRONMENTAL LAWS" means all applicable Requirements of Law now or
hereafter in effect and as amended or supplemented from time to time, relating
to pollution or the regulation and protection of human or animal health, safety,
the environment or natural resources, including the Comprehensive Environmental
Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C. Section
9601 ET SEQ.); the Hazardous Material Transportation Act, as amended (49 U.S.C.
Section 5101 ET SEQ.); the Federal Insecticide, Fungicide, and Rodenticide Act,
as amended (7 U.S.C. Section 136 ET SEQ.); the Resource Conservation and
Recovery Act, as amended (42 U.S.C. Section 6901 ET SEQ.); the Toxic Substance
Control Act, as amended (15 U.S.C. Section 2601 ET SEQ.); the Clean Air Act, as
amended (42 U.S.C. Section 7401 ET SEQ.); the Federal Water Pollution Control
Act, as amended (33 U.S.C. Section 1251 ET SEQ.); the Occupational Safety and
Health Act, as amended (29 U.S.C. Section 651 ET SEQ.); the Safe Drinking Water
Act, as amended (42 U.S.C. Section 300f ET SEQ.); and each of their state and
local counterparts or equivalents and any transfer of ownership notification or
approval statute, including the Industrial Site Recovery Act (N.J. Stat. Ann.
Section 13:1K-6 ET SEQ.).

          "ENVIRONMENTAL LIABILITIES AND COSTS" means, with respect to any
Person, all liabilities, obligations, responsibilities, Remedial Actions,
losses, damages, punitive damages,

                                       15
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

consequential damages, treble damages, costs and expenses (including all fees,
disbursements and expenses of counsel, experts and consultants and costs of
investigation and feasibility studies), fines, penalties, sanctions and interest
incurred as a result of any claim or demand by any other Person, whether based
in contract, tort, implied or express warranty, strict liability, criminal or
civil statute and whether arising under any Environmental Law, Permit, order or
agreement with any Governmental Authority or other Person, in each case relating
to any environmental, health or safety condition or to any Release or threatened
Release and resulting from the past, present or future operations of, or
ownership of property by, such Person or any of its Subsidiaries.

          "ENVIRONMENTAL LIEN" means any Lien in favor of any Governmental
Authority for Environmental Liabilities and Costs.

          "EQUIPMENT" has the meaning given to such term in the UCC.

          "EQUITY ISSUANCE" means any capital contribution to the Parent from
any of its holders of Stock or Stock Equivalent or any issue or sale of any
Stock or Stock Equivalent of the Parent or any Subsidiary of the Parent by the
Parent or any such Subsidiary to any Person other than the Parent or any such
Subsidiary (or any Joint Venture of any of them), in each case other than any
issuance of common Stock of the Parent (a) that constitutes Nominal Shares or
(b) occurring in the ordinary course of business to any director, member of the
management or employee of the Parent or its Subsidiaries.

          "EQUITY ISSUANCE NOTICE" means, with respect to any Equity Issuance, a
notice from the Parent to the Administrative Agent delivered on or before the
date of consummation of such Equity Issuance (a) that the Parent (directly or
indirectly through one of its Subsidiaries or Permitted Joint Venture) intends
and expects to use Net Cash Proceeds of such Equity Issuance identified in such
notice, to the extent a prepayment of the Secured Obligations from all or any
portion of such Net Cash Proceeds is not required hereunder or under any other
Loan Document and (b) identifying separately (i) the portion of the Net Cash
Proceeds of such Equity Issuance that is anticipated to be used to make
Investments permitted under SECTION 8.3(m) (INVESTMENTS), (ii) the portion of
the Net Cash Proceeds of such Equity Issuance that is anticipated to be used to
make Permitted Acquisitions, and identifying each Permitted Acquisition to be
made therewith and (iii) any other Net Cash Proceeds of such Equity Issuance the
receipt of which is not anticipated to result in a mandatory prepayment
hereunder by reason of SECTION 2.9(a)(ii) (MANDATORY PREPAYMENTS) because such
Net Cash Proceeds are anticipated to be used to make other Investments or
Capital Expenditures or management buybacks.

          "ERISA" means the United States Employee Retirement Income Security
Act of 1974.

          "ERISA AFFILIATE" means any trade or business (whether or not
incorporated) under common control or treated as a single employer with the
Parent or any of its Subsidiaries within the meaning of Section 414(b), (c), (m)
or (o) of the Code.

          "ERISA EVENT" means (a) a reportable event described in Section
4043(c)(1), (2), (3), (5), (6), (8) or (9) of ERISA with respect to a Title IV
Plan or a Multiemployer Plan, (b) the withdrawal of the Parent, any of its
Subsidiaries or any ERISA Affiliate from a Title IV Plan subject to Section 4063
of ERISA during a plan year in which it was a substantial employer, as defined
in Section 4001(a)(2) of ERISA, (c) the complete or partial withdrawal of the
Parent, any of its Subsidiaries or any ERISA Affiliate from any Multiemployer
Plan, (d) notice of

                                       16
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

reorganization or insolvency of a Multiemployer Plan, (e) the filing of a notice
of intent to terminate a Title IV Plan or the treatment of a plan amendment as a
termination under Section 4041 of ERISA, (f) the institution of proceedings to
terminate a Title IV Plan or Multiemployer Plan by the PBGC, (g) the failure to
make any required contribution to a Title IV Plan or Multiemployer Plan, (h) the
imposition of a lien under Section 412 of the Code or Section 302 of ERISA on
the Parent or any of its Subsidiaries or any ERISA Affiliate or (i) any other
event or condition that might reasonably be expected to constitute grounds under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Title IV Plan or Multiemployer Plan or the imposition of any
liability under Title IV of ERISA, other than for PBGC premiums due but not
delinquent under Section 4007 of ERISA or (j) the aggregate unfunded vested
benefits (as determined under Section 4006(a)(3)(E)(iii) of all Title IV Plans
(disregarding Title IV Plans with no unfunded vested benefits) exceed
$50,000,000 and the funded vested benefit percentage of such Title IV Plan is
less than 90 percent.

          "EUROCURRENCY LIABILITIES" has the meaning assigned to that term in
Regulation D of the Federal Reserve Board.

          "EURODOLLAR BASE RATE" means, with respect to any Interest Period for
any Eurodollar Rate Loan, the rate determined by the Administrative Agent to be
the offered rate for deposits in Dollars for the applicable Interest Period
appearing on the Dow Jones Markets Telerate Page 3750 as of 11:00 a.m., London
time, on the second full Business Day next preceding the first day of each
Interest Period. In the event that such rate does not appear on the Dow Jones
Markets Telerate Page 3750 (or otherwise on the Dow Jones Markets screen), the
Eurodollar Base Rate for the purposes of this definition shall be determined by
reference to such other comparable publicly available service for displaying
eurodollar rates as may be selected by the Administrative Agent.

          "EURODOLLAR LENDING OFFICE" means, with respect to any Lender, the
office of such Lender specified as its "EURODOLLAR LENDING OFFICE" opposite its
name on SCHEDULE II (APPLICABLE LENDING OFFICES AND ADDRESSES FOR NOTICES) or on
the Assignment and Acceptance by which it became a Lender (or, if no such office
is specified, its Domestic Lending Office) or such other office of such Lender
as such Lender may from time to time specify to the Borrower and the
Administrative Agent.

          "EURODOLLAR RATE" means, with respect to any Interest Period for any
Eurodollar Rate Loan, an interest rate per annum equal to the rate per annum
obtained by dividing (a) the Eurodollar Base Rate by (b)(i) a percentage equal
to 100% MINUS (ii) the reserve percentage applicable two Business Days before
the first day of such Interest Period under regulations issued from time to time
by the Federal Reserve Board for determining the maximum reserve requirement
(including any emergency, supplemental or other marginal reserve requirement)
for a member bank of the Federal Reserve System in New York City with respect to
liabilities or assets consisting of or including Eurocurrency Liabilities (or
with respect to any other category of liabilities that includes deposits by
reference to which the Eurodollar Rate is determined) having a term equal to
such Interest Period.

          "EURODOLLAR RATE LOAN" means any Loan that, for an Interest Period,
bears interest based on the Eurodollar Rate.

          "EVENT OF DEFAULT" has the meaning specified in SECTION 9.1 (EVENTS OF
DEFAULT).

                                       17
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "EXCESS CASH FLOW" means, for any period, each calculated on a
Consolidated basis, (a) EBITDA of the Parent for such period PLUS (b) the sum
of, without duplication, (i) the excess, if any, of the Working Capital of the
Parent at the beginning of such period over the Working Capital of the Parent at
the end of such period and (ii) any cash refund of any payment or expense set
forth in CLAUSE (c) below for which credit was given pursuant to such clauses in
prior periods, MINUS (c) the sum (without duplication, including duplications
that may occur because of the inclusion of any of the following in the
calculation of any defined term used below) of all of the following:

               (i)    scheduled and mandatory cash principal payments on the
     Loans during such period and optional cash principal payments on the Loans
     during such period (but only, in the case of payment in respect of
     Revolving Loans, to the extent that the Revolving Credit Commitments are
     permanently reduced by the amount of such payments);

               (ii)   cash principal payments made by the Parent or any of its
     Subsidiaries during such period on other Indebtedness to the extent such
     other Indebtedness and payments are permitted by this Agreement;

               (iii)  scheduled cash payments made by the Parent or any of its
     Subsidiaries on Capital Lease Obligations during such period to the extent
     such Capital Lease Obligations and payments are permitted by this
     Agreement;

               (iv)   Unfinanced Capital Expenditures made by the Parent or any
     of its Subsidiaries during such period to the extent permitted by this
     Agreement;

               (v)    cash payments of federal, state, local and foreign income
     tax, franchise taxes and state single business unitary and similar taxes
     imposed in lieu of income tax made during such period by Parent or any of
     its Subsidiaries;

               (vi)   cash Restricted Payments permitted to be made in reliance
     upon SECTION 8.5(c)(iii) (RESTRICTED PAYMENTS) and made to the Parent for
     the sole purpose of funding cash payments made during such period to any
     then existing or former director, officer or employee of Parent or any of
     its Subsidiaries or their respective assigns, estates, heirs or their
     current or former spouses for the repurchase, redemption or other
     acquisition or retirement for value of any of their Stock or Stock
     Equivalents of Parent;

               (vii)  cash payments (other than in respect of taxes, which are
     governed by CLAUSE (v) above) made during such period for any liability
     which accrual in a prior period did not reduce EBITDA and therefore
     increased Excess Cash Flow in such prior period (and there was no other
     reduction to EBITDA or Excess Cash Flow related to such payment);

               (viii) Cash Interest Expense made during such period (PLUS, but
     only to the extent subtracted from Interest Expense in the calculation of
     Cash Interest Expense, any fees and expenses described in CLAUSES (b)
     through (e) of the definition of Cash Interest Expense); and

                                       18
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

               (ix)   all cash expenses made during such period, to the extent
     such cash expenses were added back to Consolidated Net Income in the
     calculation of EBITDA pursuant to CLAUSES (b)(v), (vi), (vii), (ix) and (x)
     of the definition of EBITDA;

               (x)    any portion of the Management Fees paid in cash during
     such period; and

               (xi)   the excess, if any, of the Working Capital of the Parent
     at the end of such period over the Working Capital of the Parent at the
     beginning of such period.

          "EXCLUDED FOREIGN SUBSIDIARY" means any Subsidiary that is not a
Domestic Subsidiary in respect of which either (a) the pledge of all of the
Stock of such Subsidiary as Collateral to secure payment of the Secured
Obligations or (b) such Subsidiary entering into Guaranty Obligations in respect
of the Secured Obligations, could reasonably be expected, in the good faith
judgment of the Parent, result in materially adverse tax consequences to any
Loan Party or any Subsidiary of any Loan Party, unless, in the case of CLAUSES
(a) and (b), such Subsidiary has entered into Guaranty Obligations in respect of
the Subordinated Notes Indenture or other Indebtedness of any Loan Party having
substantially similar tax consequences.

          "EXISTING AGENTS" means each of Merrill Lynch Capital, a division of
Merrill Lynch Business Financial Services Inc. and Union Bank of California,
N.A. in their capacity as agents under the Existing Credit Documents.

          "EXISTING CREDIT DOCUMENTS" means, each as amended to the date hereof,
(a) that certain Credit Agreement, dated as of February 6, 2004, by and among
the Borrower and Denorex Acquisition, Inc., a Delaware corporation, as
borrowers, the financial institutions from time to time party thereto as lenders
and Merrill Lynch Capital, a division of Merrill Lynch Business Financial
Services Inc., as agent for such lenders, (b) that certain Senior Subordinated
Loan Agreement, dated as of February 6, 2004, by and among the Borrower and
Denorex Acquisition, Inc., as borrowers, Medtech Acquisition Holdings, Inc., a
Delaware corporation, Denorex Acquisition Holdings, Inc., a Delaware
corporation, Medtech/Denorex Management, Inc., a Delaware corporation, GTCR
Capital Partners, L.P., a Delaware limited partnership and certain other lenders
named therein, (c) that certain Second Amended and Restated Revolving/Term Loan
Agreement, dated as of December 30, 2002, by and among Prestige Brands
International, Inc., certain of its subsidiaries, the lenders from time to time
party thereto and Union Bank of California, N.A., as agent for such lenders and
(d) those certain 15% senior subordinated notes issued pursuant to the
Securities Purchase Agreement, dated as of December 30, 2002, by and among
Prestige Brands Holdings, Inc., a Delaware corporation, certain of its
subsidiaries, Bonita Bay Holdings, Inc. and the lenders named therein, and such
securities purchase agreement.

          "FACILITIES" means (a) the Tranche B Facility, (b) the Tranche C
Facility and (c) the Revolving Credit Facility.

          "FACILITIES INCREASE" has the meaning specified in SECTION 2.1(c) (THE
COMMITMENTS).

          "FACILITIES INCREASE DATE" has the meaning specified in SECTION 2.1(c)
(THE COMMITMENTS).

                                       19
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "FACILITIES INCREASE NOTICE" means a notice from the Borrower to the
Administrative Agent requesting a Facilities Increase, which may include any
proposed term and condition for such proposed Facilities Increase but shall
include in any event the amount of such proposed Facilities Increase.

          "FAIR MARKET VALUE" means (a) with respect to any asset or group of
assets (other than a marketable Security) of any Loan Party at any date that are
the object of a transaction or series of transactions, the value of the
consideration obtainable in a sale of such asset at such date or on the date of
such transaction or series of transactions assuming a sale by a willing seller
to a willing purchaser, neither of which is under pressure or compulsion to
complete the transaction and both of which are dealing at arm's length, having
regard to the nature and characteristics of such asset, as reasonably determined
by the Board of Directors (or equivalent governing body) of such Loan Party
(unless the Dollar Equivalent of such consideration is equal to or less than
$5,000,000, as determined by a Responsible Officer of the Company) or, if such
asset shall have been the subject of a relatively contemporaneous appraisal by
an independent third party appraiser, the basic assumptions underlying which
have not materially changed since its date, the value set forth in such
appraisal and (b) with respect to any marketable Security at any date, the
closing sale price of such Security on the Business Day next preceding such
date, as appearing in any published list of any national securities exchange or
the NASDAQ Stock Market or, if there is no such closing sale price of such
Security, the final price for the purchase of such Security at face value quoted
on such Business Day by a financial institution of recognized standing regularly
dealing in Securities of such type and selected by the Administrative Agent.

          "FEDERAL FUNDS RATE" means, for any period, a fluctuating interest
rate per annum equal for each day during such period to the weighted average of
the rates on overnight Federal funds transactions with members of the Federal
Reserve System arranged by Federal funds brokers, as published for such day (or,
if such day is not a Business Day, for the next preceding Business Day) by the
Federal Reserve Bank of New York, or, if such rate is not so published for any
day that is a Business Day, the average of the quotations for such day on such
transactions received by the Administrative Agent from three Federal funds
brokers of recognized standing selected by it.

          "FEDERAL RESERVE BOARD" means the Board of Governors of the United
States Federal Reserve System, or any successor thereto.

          "FEE LETTER" shall mean each of (a) the amended and restated fee
letter, dated as of February 9, 2004 and amended and restated as of March 25,
2004, as assigned to the Borrower on the date hereof, among the Borrower (as
assignee of Prestige Acquisition Holdings, LLC), the Administrative Agent, the
Syndication Agent and the Arrangers, with respect to certain fees to be paid
from time to time to such Agents and the Arrangers and (b) any additional fee
letter entered into as part of a Facilities Increase and executed by, among
others, the Administrative Agent.

          "FINANCIAL ASSET" has the meaning given to such term in the UCC.

          "FINANCIAL COVENANT DEBT" of any Person means Indebtedness of such
Person and its Subsidiaries of the type specified in CLAUSES (a), (b) (other
than contingent obligations also of the type specified in CLAUSE (c) of such
definition), (d), (e), (f) and (h) of the definition of "INDEBTEDNESS" and
non-contingent of obligations of the type specified in CLAUSE (c) of such
definition, in each case to the extent each such item would be classified as
"indebtedness" on a Consolidated balance sheet of such Person.

                                       20
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "FINANCIAL STATEMENTS" means the financial statements of the Parent
and its Subsidiaries delivered in accordance with SECTION 4.4 (FINANCIAL
STATEMENTS) and SECTION 6.1 (FINANCIAL STATEMENTS).

          "FIRST-PRIORITY SECURED OBLIGATIONS" means the Secured Obligations
other than the Tranche C Obligations.

          "FIRST-PRIORITY SECURED PARTIES" means the Secured Parties other than
the Tranche C Secured Parties.

          "FISCAL QUARTER" means each of the three month periods ending on March
31, June 30, September 30 and December 31.

          "FISCAL YEAR" means the twelve month period ending on March 31.

          "FIXED CHARGE COVERAGE RATIO" means, with respect to any Person for
any period, the ratio of (a) Consolidated Adjusted EBITDA of such Person for
such period MINUS Unfinanced Capital Expenditures of such Person for such period
to (b) the Fixed Charges of such Person for such period.

          "FIXED CHARGES" means, with respect to any Person for any period, the
sum, determined on a Consolidated basis, of (a) the Cash Interest Expense of
such Person and its Subsidiaries for such period, (b) the principal amount of
Consolidated Financial Covenant Debt of such Person having a scheduled due date
during such period (taking into account any reduction to such scheduled payments
of principal amount made on or prior to the date of determination of "FIXED
CHARGES" in accordance with the terms of this Agreement and the terms of such
Consolidated Financial Covenant Debt, whether through mandatory or optional
prepayments or otherwise), (c) all cash dividends and all other cash Restricted
Payments payable by such Person and its Subsidiaries on Stock in respect of such
period to Persons other than such Person and its Subsidiaries and all
intercompany loans made in pursuant to SECTION 8.3(i) (INVESTMENTS) (other than
Restricted Payments made and permitted pursuant to SECTION 8.5(c)(iii)
(RESTRICTED PAYMENTS) (and any the intercompany loans made in reliance on such
clause) in respect of the Stock or Stock Equivalents of any existing or former
director, officer or employee of Parent or any of its Subsidiaries or their
assigns, estates, heirs or their current or former spouses) and (d) the total
federal income tax liability actually paid in cash by such Person for such
period.

          "FOREIGN COLLATERAL DOCUMENTS" means (i) the Share Mortgage between
Prestige Brands International, Inc. and the Collateral Agents and (ii) any other
document executed and delivered by a Loan Party granting a Lien on any of its
property to secure payment of the Secured Obligations under any law other than
United States federal, state or local law.

          "FOREIGN IP SUBSIDIARY" means one or more Wholly-Owned Subsidiaries of
any Loan Party (a) that is incorporated in Ireland, Switzerland or other
jurisdictions reasonably acceptable to the Administrative Agent, (b) whose Stock
and Stock Equivalents shall be pledged to the Administrative Agent to the extent
required pursuant to SECTION 7.11 (ADDITIONAL COLLATERAL AND GUARANTIES) and
(c)(i) whose Constituent Documents do not prevent or otherwise limit, and whose
jurisdiction of organization and applicable Requirements of Law do not prevent
or otherwise limit, the granting of Requisite Priority Liens to the Collateral
Agents on 65% of the Stock of such Wholly-Owned Subsidiaries, foreclosure under
such Requisite Priority Liens or any other exercise of remedies similar to the
remedies set forth in the Pledge and Security Agreement

                                       21
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

in respect of capital stock and (ii) whose Constituent Documents do not prevent
or otherwise limit (except to the extent required by applicable Requirements of
Law), any payment by any Wholly-Owned Subsidiary to any Loan Party (whether
directly or indirectly through any Wholly-Owned Subsidiary).

          "FOREIGN IP TRANSFER" means the transfer, within 270 days of the
Closing Date, to one or more Foreign IP Subsidiary of (a) any Intellectual
Property to the extent registered in any jurisdiction other than the United
States or any State thereof or the District of Columbia or (b) any unregistered
Intellectual Property and all rights under manufacturing, distribution and other
contracts, in each case to the extent such Intellectual Property and rights are
used in or otherwise related to the development, marketing, manufacturing,
packaging, handling, distribution or sale of products sold outside of the United
States.

          "FOREIGN NON-GUARANTOR" means any Non-Guarantor that is not organized
under the laws of any State of the United States of America or the District of
Columbia.

          "FUND" means any Person (other than a natural Person) that is or will
be engaged in making, purchasing, holding or otherwise investing in commercial
loans and similar extensions of credit in the ordinary course of its business.

          "GAAP" means generally accepted accounting principles in the United
States of America as in effect from time to time set forth in the opinions and
pronouncements of the Accounting Principles Board and the American Institute of
Certified Public Accountants and the statements and pronouncements of the
Financial Accounting Standards Board, or in such other statements by such other
entity as may be in general use by significant segments of the accounting
profession, that are applicable to the circumstances as of the date of
determination.

          "GOVERNMENTAL AUTHORITY" means any nation, sovereign or government,
any state or other political subdivision thereof and any entity or authority
exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government, including any central bank or stock
exchange.

          "GUARANTOR" means the Parent and each Subsidiary Guarantor.

          "GUARANTY" means the guaranty, in substantially the form of EXHIBIT H
(FORM OF GUARANTY), executed by the Guarantors.

          "GUARANTY OBLIGATION" means, as applied to any Person, any direct or
indirect liability, contingent or otherwise, of such Person with respect to any
Indebtedness of another Person, if the purpose or intent of such Person in
incurring the Guaranty Obligation is to provide assurance to the obligee of such
Indebtedness that such Indebtedness will be paid or discharged, that any
agreement relating thereto will be complied with, or that any holder of such
Indebtedness will be protected (in whole or in part) against loss in respect
thereof, including (a) the direct or indirect guaranty, endorsement (other than
for collection or deposit in the ordinary course of business), co-making,
discounting with recourse or sale with recourse by such Person of Indebtedness
of another Person and (b) any liability of such Person for Indebtedness of
another Person through any agreement (contingent or otherwise) (i) to purchase,
repurchase or otherwise acquire such Indebtedness or any security therefor or to
provide funds for the payment or discharge of such Indebtedness (whether in the
form of a loan, advance, stock purchase, capital contribution or otherwise),
(ii) to maintain the solvency or any balance sheet item, level of

                                       22
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

income or financial condition of another Person, (iii) to make take-or-pay or
similar payments, if required, regardless of non-performance by any other party
or parties to an agreement, (iv) to purchase, sell or lease (as lessor or
lessee) property, or to purchase or sell services, primarily for the purpose of
enabling the debtor to make payment of such Indebtedness or to assure the holder
of such Indebtedness against loss or (v) to supply funds to, or in any other
manner invest in, such other Person (including to pay for property or services
irrespective of whether such property is received or such services are
rendered), if in the case of any agreement described under CLAUSE (b)(i), (ii),
(iii), (iv) or (v) above the primary purpose or intent thereof is to provide
assurance that Indebtedness of another Person will be paid or discharged, that
any agreement relating thereto will be complied with or that any holder of such
Indebtedness will be protected (in whole or in part) against loss in respect
thereof. The amount of any Guaranty Obligation shall be equal to the amount of
the Indebtedness so guaranteed or otherwise supported.

          "HEDGING CONTRACTS" means all Interest Rate Contracts, foreign
exchange contracts, currency swap or option agreements, forward contracts,
commodity swap, purchase or option agreements, other commodity price hedging
arrangements and all other similar agreements or arrangements designed to alter
the risks of any Person arising from fluctuations in interest rates, currency
values or commodity prices.

          "HEDGING CONTRACT OBLIGATIONS" means each liability, amount,
obligation, covenant and duty owing by any Loan Party to any Agent, any Lender,
any Issuer, any Affiliate of any of them or any Indemnitee, of every type and
description, present or future, arising under each Hedging Contract with any
Person that was a Lender or an Affiliate of any such Lender at the time such
Person entered into such Hedging Contract, whether direct or indirect (including
those acquired by assignment), absolute or contingent, due or to become due, now
existing or hereafter arising and however acquired and whether or not evidenced
by any note, guaranty or other instrument or for the payment of money, including
obligations for the payment of fees, interest, charges, expenses, attorneys'
fees and disbursements and other sums chargeable to any Loan Party in connection
therewith.

          "HOLDING COMPANY" means each direct Subsidiary of Parent.

          "INDEBTEDNESS" of any Person means without duplication (a) all
indebtedness of such Person for borrowed money, (b) all obligations of such
Person evidenced by notes, bonds, debentures or similar instruments or that bear
interest, (c) all reimbursement and other obligations with respect to letters of
credit, bankers' acceptances, surety bonds and performance bonds, whether or not
matured, (d) all indebtedness for the deferred purchase price of property or
services, other than trade payables incurred in the ordinary course of business,
(e) all indebtedness of such Person created or arising under any conditional
sale or other title retention agreement with respect to property acquired by
such Person (even though the rights and remedies of the seller or lender under
such agreement in the event of default are limited to repossession or sale of
such property), (f) all Capital Lease Obligations of such Person, (g) all
Guaranty Obligations of such Person, (h) all obligations of such Person to
purchase, redeem, retire, defease or otherwise acquire for value any Stock or
Stock Equivalents of such Person coming due sooner than the latest of (i) the
first anniversary of the Tranche C Maturity Date, (ii) the first anniversary of
the Tranche B Maturity Date and (iii) the first anniversary of the Scheduled
Termination Date, valued, in the case of redeemable preferred stock, at the
greater of its voluntary liquidation preference and its involuntary liquidation
preference plus accrued and unpaid dividends, (i) all payments that such Person
would have to make in the event of an early termination on the date Indebtedness
of such Person is being determined in respect of Hedging Contracts of such
Person

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

and (j) all Indebtedness of the type referred to above secured by (or for which
the holder of such Indebtedness has an existing right, contingent or otherwise,
to be secured by) any Lien upon or in property (including accounts and general
intangibles) owned by such Person, even though such Person has not assumed and
is not otherwise liable for the payment of such Indebtedness; PROVIDED, HOWEVER,
that Indebtedness shall not include any earn-out obligations of such Person or
obligations of such Person in connection with any consulting agreement, in each
case owing to the seller in connection with any Acquisition or Permitted
Acquisition, until such obligations shall be earned. The value for purpose of
this Agreement of any Indebtedness qualifying as such under CLAUSE (j) above
(regardless of whether such Indebtedness qualifies as such under any other
clause hereof) shall be deemed to be equal to the lesser of (x) the amount of
such Indebtedness and (y) the Fair Market Value of the property subject to a
Lien securing any of such Indebtedness.

          "INDEMNIFIED MATTER" has the meaning specified in SECTION 11.4
(INDEMNITIES).

          "INDEMNITEE" has the meaning specified in SECTION 11.4 (INDEMNITIES).

          "INTELLECTUAL PROPERTY" has the meaning specified in the Pledge and
Security Agreement.

          "INTERCREDITOR AGREEMENT" means an agreement, in substantially the
form of EXHIBIT J (FORM OF INTERCREDITOR AGREEMENT), among each Lender, each
Collateral Agent and each Loan Party.

          "INTEREST COVERAGE RATIO" means, with respect to any Person for any
period, the ratio of (a) Consolidated Adjusted EBITDA of such Person for such
period to (b) Cash Interest Expense of such Person for such period.

          "INTEREST EXPENSE" means, for any Person for any period, Consolidated
total interest expense of such Person and its Subsidiaries for such period and
including, in any event, interest capitalized during such period and net costs
under Interest Rate Contracts for such period.

          "INTEREST PERIOD" means, in the case of any Eurodollar Rate Loan, (a)
initially, the period commencing on the date such Eurodollar Rate Loan is made
or on the date of conversion of a Base Rate Loan to such Eurodollar Rate Loan
and ending one, two, three or six months thereafter (or if deposits of such
duration are available to all applicable Lenders, ending nine or twelve months
thereafter), as selected by the Borrower in its Notice of Borrowing or Notice of
Conversion or Continuation given to the Administrative Agent pursuant to SECTION
2.2 (BORROWING PROCEDURES) or 2.11 (CONVERSION/CONTINUATION OPTION) and (b)
thereafter, if such Loan is continued, in whole or in part, as a Eurodollar Rate
Loan pursuant to SECTION 2.11 (CONVERSION/CONTINUATION OPTION), a period
commencing on the last day of the immediately preceding Interest Period therefor
and ending one, two, three or six months thereafter (or if deposits of such
duration are available to all Lenders, ending nine or twelve months thereafter),
as selected by the Borrower in its Notice of Conversion or Continuation given to
the Administrative Agent pursuant to SECTION 2.11 (CONVERSION/CONTINUATION
OPTION); PROVIDED, HOWEVER, that all of the foregoing provisions relating to
Interest Periods in respect of Eurodollar Rate Loans are subject to the
following:

               (i)    if any Interest Period would otherwise end on a day that
     is not a Business Day, such Interest Period shall be extended to the next
     succeeding Business Day, unless the result of such extension would be to
     extend such Interest Period into

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

     another calendar month, in which event such Interest Period shall end on
     the immediately preceding Business Day;

               (ii)   any Interest Period that begins on the last Business Day
     of a calendar month (or on a day for which there is no numerically
     corresponding day in the calendar month at the end of such Interest Period)
     shall end on the last Business Day of a calendar month;

               (iii)  the Borrower may not select any Interest Period that ends
     after the date of a scheduled principal payment on the Loans as set forth
     in ARTICLE II (THE FACILITIES) unless, after giving effect to such
     selection, the aggregate unpaid principal amount of the Loans for which
     Interest Periods end after such scheduled principal payment shall be equal
     to or less than the principal amount to which the Loans are required to be
     reduced after such scheduled principal payment is made;

               (iv)   the Borrower may not select any Interest Period in respect
     of Loans having an aggregate principal amount of less than $1,000,000; and

               (v)    there shall be outstanding at any one time no more than 10
     Interest Periods in the aggregate.

          "INTEREST RATE CONTRACTS" means all interest rate swap agreements,
interest rate cap agreements, interest rate collar agreements and interest rate
insurance.

          "INTERMEDIATE HOLDING COMPANIES" means each of Prestige Household
Holdings, Inc., a Delaware corporation, Prestige Products Holdings, Inc., a
Delaware corporation, Prestige Acquisition Holdings LLC, a Delaware limited
liability company, Bonita Bay Holdings, Inc., a Virginia corporation, Prestige
Brands Holdings, Inc., a Virginia corporation, Prestige Personal Care Holdings,
Inc., a Delaware corporation and Prestige Personal Care, Inc., a Delaware
corporation.

          "INVESTMENT" means, with respect to any Person, (a) any purchase or
other acquisition by such Person of (i) any Security issued by, (ii) a
beneficial interest in any Security issued by, or (iii) any other equity
ownership interest in, any other Person, (b) any purchase by such Person of all
or a significant part of the assets of a business conducted by any other Person,
or all or substantially all of the assets constituting the business of a
division, branch or other unit operation of any other Person, (c) any loan,
advance (other than deposits with financial institutions available for
withdrawal on demand, prepaid expenses, accounts receivable and similar items
made or incurred in the ordinary course of business as presently conducted) or
capital contribution by such Person to any other Person, including all
Indebtedness of any other Person to such Person arising from a sale of property
by such Person other than in the ordinary course of its business, and (d) any
Guaranty Obligation incurred by such Person in respect of Indebtedness of any
other Person. For purposes of ARTICLE VIII (NEGATIVE COVENANTS), the outstanding
amount of any Investment made by any Person at any time shall be calculated as
the excess of the initial amount of such Investment made by such Person
(including the Fair Market Value of all property transferred by such Person as
part of such Investment) over the sum of, without duplication, (x) all returns
of principal or capital thereof received on or prior to such time by such Person
(including all cash dividends, cash distributions and cash repayments of
Indebtedness received by such Person) and (y) all liabilities of such Person
expressly transferred,

                                       25
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

prior to such time, in connection with the sale or disposition of such
Investment, but only to the extent such Person is fully released of such
liabilities by such transfer.

          "IRS" means the Internal Revenue Service of the United States or any
successor thereto.

          "ISSUE" means, with respect to any Letter of Credit, to issue
(including any deemed issuance pursuant to SECTION 2.4(k) (LETTERS OF CREDIT)),
extend the expiry of, renew or increase the maximum face amount (including by
deleting or reducing any scheduled decrease in such maximum face amount) of,
such Letter of Credit. The terms "ISSUED" and "ISSUANCE" shall have a
corresponding meaning.

          "ISSUER" means each Lender or Affiliate of a Lender that (a) is listed
on the signature pages hereof as an "ISSUER" or (b) hereafter becomes an Issuer
with the approval of the Administrative Agent and the Borrower by agreeing
pursuant to an agreement with and in form and substance satisfactory to the
Administrative Agent and the Borrower to be bound by the terms hereof applicable
to Issuers.

          "JOINT VENTURE" means any Person (a) that is not a Subsidiary of the
Parent or the Borrower, either directly or indirectly, (b) in which the Parent,
the Borrower, any of their respective Subsidiaries or any other Joint Venture
owns Stock or Stock Equivalents and (c) for which the Parent and the Borrower,
in the aggregate together with their respective Subsidiaries, is, directly or
indirectly, the beneficial owner of 5% or more of any class of the Stock or
Stock Equivalents thereof.

          "LAND" of any Person means all of those plots, pieces or parcels of
land now owned, leased or hereafter acquired or leased (including, in respect of
the Loan Parties, as reflected in the most recent Financial Statements) by such
Person.

          "LANDLORD WAIVER" means a letter in form and substance reasonably
acceptable to the Applicable Collateral Agent and executed by a landlord in
respect of inventory of any Loan Party located at any leased premises of any
Loan Party.

          "LEASES" means, with respect to any Person, all of those leasehold
estates in real property of such Person, as lessee, as such may be amended,
supplemented or otherwise modified from time to time.

          "LENDER" means the Swing Loan Lender and each other financial
institution or other entity that (a) is listed on the signature pages hereof as
a "LENDER", (b) from time to time becomes a party hereto by execution of an
Assignment and Acceptance or (c) becomes a party hereto in connection with a
Facilities Increase by execution of an assumption agreement in connection with
such Facilities Increase.

          "LETTER OF CREDIT" means any letter of credit Issued pursuant to
SECTION 2.4 (LETTERS OF CREDIT).

          "LETTER OF CREDIT OBLIGATIONS" means, at any time, the aggregate of
all liabilities at such time of the Borrower to all Issuers with respect to
Letters of Credit, whether or not any such liability is contingent, including,
without duplication, the sum of (a) the Reimbursement Obligations at such time
and (b) the Letter of Credit Undrawn Amounts at such time.

                                       26
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "LETTER OF CREDIT REIMBURSEMENT AGREEMENT" has the meaning specified
in SECTION 2.4(a)(vi) (LETTERS OF CREDIT).

          "LETTER OF CREDIT REQUEST" has the meaning specified in SECTION 2.4(c)
(LETTERS OF CREDIT).

          "LETTER OF CREDIT SUBLIMIT" means $5,000,000.

          "LETTER OF CREDIT UNDRAWN AMOUNTS" means, at any time, the aggregate
undrawn face amount of all Letters of Credit outstanding at such time.

          "LEVERAGE RATIO" means, with respect to any Person as of any date, the
ratio of (a) Consolidated Financial Covenant Debt of such Person and its
Subsidiaries outstanding as of such date to (b) Consolidated Adjusted EBITDA for
such Person for the last four Fiscal Quarter period ending on or before such
date.

          "LIEN" means any mortgage, deed of trust, pledge, hypothecation,
collateral assignment, charge, deposit arrangement, encumbrance, lien (statutory
or other), security interest or preference, priority or other security agreement
or preferential arrangement of any kind or nature whatsoever intended to assure
payment of any Indebtedness or the performance of any other obligation,
including any conditional sale or other title retention agreement and the
interest of a lessor under a Capital Lease and any financing lease having
substantially the same economic effect as any of the foregoing.

          "LOAN" means any loan made by any Lender pursuant to this Agreement.

          "LOAN DOCUMENTS" means, collectively, this Agreement, the Notes (if
any), the Guaranty, the Intercreditor Agreement, each Fee Letter, each Letter of
Credit Reimbursement Agreement, the Collateral Documents and each certificate,
agreement or document executed by a Loan Party and delivered to any Collateral
Agent or any Lender in connection with or pursuant to any of the foregoing.

          "LOAN PARTY" means each of the Borrower, each Guarantor and each other
Subsidiary of the Parent that executes and delivers a Loan Document.

          "MANAGEMENT AGREEMENT" means the Amended and Restated Professional
Services Agreement, dated as of February 6, 2004 and amended and restated as of
the date hereof, between the Borrower (as successor in interest to
Medtech/Denorex Management, Inc., a Delaware corporation) and GTCR Golder Rauner
II, L.L.C., a Delaware limited liability company, in the form presented to the
Administrative Agent, Syndication Agent and the Lenders on or prior to the date
hereof and satisfactory to the Administrative Agent and the Syndication Agent,
together with such amendments, restatements, changes, supplements or other
modifications to any provision thereof as may be agreed by the Administrative
Agent in its sole discretion.

          "MANAGEMENT FEE" means each of the following fees payable by the
Borrower to GTCR Golder Rauner II, L.L.C.: (a) a management fee in an amount not
to exceed $4,000,000 in each Fiscal Year, (b) one-time fees, each payable on the
date of the consummation of certain equity and debt financings described in the
Management Agreement in an amount not to exceed 2% of the gross amount (or, in
the case of revolving facilities, the maximum committed amount)

                                       27
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

of such financings received by (or made available to) the Loan Parties and (c)
indemnities and reimbursement of reasonable out-of-pocket fees and expenses, in
each case pursuant to, and subject to the terms and conditions of, the
Management Agreement (as disclosed to the Administrative Agent on the Closing
Date).

          "MATERIAL ADVERSE CHANGE" means a material adverse change in any of
(a) the business, assets, operations, properties, performance, condition
(financial or otherwise) or contingent liabilities of the Parent and its
Subsidiaries taken as a whole, (b) the legality, validity or enforceability of
any Loan Document or (c) the material rights and remedies of the Collateral
Agents, the Syndication Agent, the Lenders or the Issuers under the Loan
Documents.

          "MATERIAL ADVERSE EFFECT" means an effect that results in or causes,
or could reasonably be expected to result in or cause, a Material Adverse
Change.

          "MATERIAL EVENT OF DEFAULT" means each Event of Default set forth in
CLAUSE (a), (b), (e)(i), (e)(iii) or (f) of SECTION 9.1 (EVENTS OF DEFAULT).

          "MEDTECH ACQUISITION" means the acquisition by the Borrower and
Denorex Acquisition, Inc. of all of the capital stock of Medtech Holdings, Inc.
and The Denorex Company, pursuant to the Medtech Acquisition Agreement.

          "MEDTECH ACQUISITION AGREEMENT" means the Stock Purchase Agreement,
dated as of January 7, 2004, by and among Medtech Holdings, Inc., a Delaware
corporation, the stockholders thereof listed on the signature pages thereto, The
Denorex Company, a Delaware corporation, the Borrower and Prestige Personal
Care, Inc. (formerly known as Denorex Acquisition, Inc.), a Delaware
corporation.

          "MEDTECH ACQUISITION DOCUMENT" means each of the Medtech Acquisition
Agreement and any agreements evidencing the employment and severance
arrangements with senior management, in each case together with the schedules,
exhibits, annexes and exhibits thereto and all other agreement, document, power
of attorney and certificate executed in connection therewith.

          "MERRILL" has the meaning specified in the preamble to this Agreement.

          "MOODY'S" means Moody's Investors Services, Inc.

          "MORTGAGE SUPPORTING DOCUMENTS" means, with respect to a Mortgage for
a parcel of Real Property, each of the agreement, documents and instruments
(including title policies or marked-up unconditional insurance binders (in each
case, together with all documents referred to therein), maps, plats, current
as-built surveys, environmental reports, evidence regarding recording and
payment of fees, insurance premium and taxes) that the Applicable Collateral
Agent may reasonably request, each in form and substance reasonably satisfactory
to it, to create, register or otherwise perfect, maintain, evidence the
existence, substance, form or validity of, or enforce valid and enforceable
Requisite Priority Liens on such parcel of Real Property (which may be in favor
of, instead of the Collateral Agents, such other trustee as may be required or
desired under local law), subject only to (a) Liens permitted under SECTION 8.2
(LIENS, ETC.) and (b) such other Liens as the Applicable Collateral Agent may
reasonably approve.

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "MORTGAGES" means the mortgages, deeds of trust or other real estate
security documents made or required herein to be made by the Borrower or any
other Loan Party, each in form and substance satisfactory to the Applicable
Collateral Agent.

          "MULTIEMPLOYER PLAN" means a multiemployer plan, as defined in Section
4001(a)(3) of ERISA, to which the Parent, any of its Subsidiaries or any ERISA
Affiliate has any obligation or liability, contingent or otherwise.

          "NET CASH PROCEEDS" means proceeds received by the Parent or any of
its Subsidiaries after the Closing Date in cash or Cash Equivalents from any (a)
Asset Sale other than the Foreign IP Transfer and other than an Asset Sale
permitted under CLAUSES (a) through (h) and (i)(A) of SECTION 8.4 (SALE OF
ASSETS), net of (i) the reasonable cash costs of sale, assignment or other
disposition (including fees, commission, costs and other expenses), (ii) taxes
paid or reasonably estimated to be payable as a result thereof, (iii) any amount
required to be paid or prepaid on Indebtedness (other than the Obligations)
secured by the assets subject to such Asset Sale, as long as evidence of each of
CLAUSES (i), (ii) and (iii) above is provided to the Administrative Agent, and
(iv) appropriate amounts provided by the seller as a reserve (but only to the
extent such amounts remain set aside as a reserve), in accordance with GAAP,
against all liabilities associated with the property disposed of in such Asset
Sale and retained by the Parent or any of its Subsidiaries after such Asset
Sale, including pension and other post-employment benefit liabilities,
liabilities relating to environmental matters and liabilities under
indemnification provisions associated with such Asset Sale, (b) Property Loss
Event or (c)(i) Equity Issuance or (ii) any Debt Issuance other than as
permitted under CLAUSES (a) through (k)(i) or CLAUSES (l) through (t) of SECTION
8.1 (INDEBTEDNESS), in each case net of taxes, fees, commissions, indemnities,
discounts, placement fees, brokers', consultants', investment banking, legal,
accounting and other advisors' fees, expenses and other costs incurred in
connection with such transaction as long as evidence of such fees and costs is
provided to the Administrative Agent; PROVIDED, HOWEVER, that "NET CASH
PROCEEDS" shall include proceeds received by a Permitted Joint Venture from any
Asset Sale or Property Loss Event only to the extent such proceeds are received
by the Parent or any of its Subsidiaries.

          "NET EQUITY INVESTMENT" means, at any time, the amount, if any, by
which (a) the amount of proceeds received in the form of cash or Cash
Equivalents by the Holding Companies or any of their respective Subsidiaries at
or prior to such time from any Equity Issuance (other than any Equity Issuance
of Disqualified Stock), net of brokers' and advisors' fees and other transaction
costs incurred in connection with such Equity Issuance, exceeds (b) the
Non-Guarantor Investment Amount at such time.

          "NOMINAL SHARES" means (a) for any Subsidiary of the Parent that is
not a Domestic Subsidiary, nominal issuances of Stock in an aggregate amount not
to exceed 0.5% of the Stock and Stock Equivalents of such Subsidiary on a
fully-diluted basis and (b) in any case, director's qualifying shares, in each
case to the extent such issuances are required by applicable law.

          "NON-GUARANTOR INVESTMENT AMOUNT" means, at any time, the Dollar
Equivalent of the amount by which

          (a)  the sum, without duplication, of (i) all Investments (valued as
     of the date such Investment is made) in all Non-Guarantors made by any Loan
     Party (including any capital contribution to any Non-Guarantor, all
     advances made to any Non-Guarantor by

                                       29
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

     any Loan Party, all Guaranty Obligations of any Loan Party of Indebtedness
     of any Non-Guarantor and all Permitted Acquisitions by Loan Parties of
     Stock or Stock Equivalents of Non-Guarantors or involving assets located
     outside of the United States to the extent, after giving effect to such
     Permitted Acquisition, such assets are owned by Non-Guarantors) and (ii)
     the Fair Market Value, at the time of such transfer, of all property
     (including cash and Cash Equivalents received by any Non-Guarantor as
     consideration for Asset Sales by such Non-Guarantor to any Loan Party)
     transferred to any Non-Guarantor by any Loan Party on or after the Closing
     Date other than as part of the consummation of the Foreign IP Transfer or
     the Transactions, exceeds

          (b)  the sum of, without duplication, (i) any return on capital or
     loan repayment (in the form of cash or Cash Equivalents) with respect to,
     or net cash proceeds of the sale or other disposition of, such Investment
     received by any Loan Party from any Non-Guarantor and (ii) the Fair Market
     Value, at the time of such transfer, of all property (including cash and
     Cash Equivalents received by any Loan Party as consideration for Asset
     Sales by any Loan Party to any Non-Guarantor) transferred to any Loan Party
     by any Non-Guarantor on or after the Closing Date, other than as part of
     the consummation of the Foreign IP Transfer or the Transactions.

          "NON-CASH INTEREST EXPENSE" means, with respect to any Person for any
period, the sum of the following amounts to the extent included in the
calculation of Interest Expense of such Person, in each case determined on a
Consolidated basis for such Person and its Subsidiaries, (a) the amount of debt
discount and debt issuance costs amortized, (b) charges relating to write-ups or
write-downs in the book or carrying value of existing Financial Covenant Debt of
such Person, (c) interest payable in evidences of Indebtedness or by addition to
the principal of the related Indebtedness and (d) other non-cash interest.

          "NON-CONSENTING LENDER" has the meaning specified in SECTION 11.1(c)
(AMENDMENTS, WAIVERS, ETC.).

          "NON-FUNDING LENDER" has the meaning specified in SECTION 2.2(d)
(BORROWING PROCEDURES).

          "NON-GUARANTOR" means any Subsidiary or Joint Venture of any Loan
Party that is not a Subsidiary Guarantor, together with any Subsidiary or Joint
Venture of such Subsidiary or Joint Venture that is not a Subsidiary Guarantor.

          "NON-U.S. LENDER" means each Lender, Issuer or Agent that is a
Non-U.S. Person.

          "NON-U.S. PERSON" means any Person that is not a Domestic Person.

          "NOTE" means any Revolving Credit Note, Tranche B Note or Tranche C
Note.

          "NOTICE OF BORROWING" has the meaning specified in SECTION 2.2(a)
(BORROWING PROCEDURES).

          "NOTICE OF CONVERSION OR CONTINUATION" has the meaning specified in
SECTION 2.11 (CONVERSION/CONTINUATION OPTION).

                                       30
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "OBLIGATIONS" means the Loans, the Letter of Credit Obligations and
all other amounts, obligations, covenants and duties owing by the Borrower (or
any amount paid by any Loan Party for the account of the Borrower) to the
Administrative Agent, any Lender, any Issuer, any Affiliate of any of them or
any Indemnitee, of every type and description (whether by reason of an extension
of credit, opening or amendment of a letter of credit or payment of any draft
drawn or other payment thereunder, loan, guaranty, indemnification or
otherwise), present or future, arising under this Agreement or any other Loan
Document, whether direct or indirect (including those acquired by assignment),
absolute or contingent, due or to become due, now existing or hereafter arising
and however acquired and whether or not evidenced by any note, guaranty or other
instrument or for the payment of money, including all letter of credit, cash
management and other fees, interest, charges, expenses, attorneys' fees and
disbursements and other sums chargeable to the Borrower under this Agreement,
any other Loan Document and all obligations of the Borrower under any Loan
Document to provide cash collateral for any Letter of Credit Obligation.

          "PAID IN FULL" and "PAYMENT IN FULL" means, with respect to any
Secured Obligation, the occurrence of all of the foregoing, (a) with respect to
such Secured Obligations other than (i) contingent indemnification obligations,
Hedging Contract Obligations and Cash Management Obligations not then due and
payable and (ii) to the extent covered by CLAUSE (b) below, obligations with
respect to undrawn Letters of Credit, payment in full thereof in cash (or
otherwise to the written satisfaction of the Secured Parties owed such Secured
Obligations), (b) with respect to any undrawn Letter of Credit, the obligations
under which are included in such Secured Obligations, (i) the cancellation
thereof and payment in full of all resulting Secured Obligations pursuant to
CLAUSE (a) above or (ii) the receipt of cash collateral (or a backstop letter of
credit in respect thereof on terms acceptable to the applicable Issuer of the
Letters of Credit and the Administrative Agent) in an amount at least equal to
102% of the Letter of Credit Obligations for such Letter of Credit and (c) if
such Secured Obligations consist of all the Secured Obligations in one or more
Facilities, termination of all Commitments and all other obligations of the
Secured Parties in respect of such Facilities under the Loan Documents.

          "PARENT" has the meaning specified in the preamble to this Agreement.

          "PBGC" means the Pension Benefit Guaranty Corporation or any successor
thereto.

          "PERMIT" means any permit, approval, authorization, license, variance
or permission required from a Governmental Authority under an applicable
Requirement of Law.

          "PERMITTED ACQUISITION" means any Proposed Acquisition subject to the
satisfaction of each of the following conditions:

          (a)  the Administrative Agent shall receive at least five Business
     Days' (or such other period as may be agreed to by the Administrative Agent
     in its sole discretion) prior written notice of such Proposed Acquisition,
     which notice shall include, without limitation, a reasonably detailed
     description of such Proposed Acquisition and a reasonable estimate of the
     amount (if any) of any Net Cash Proceeds of any Equity Issuance proposed to
     be used to pay for such Permitted Acquisition;

          (b)  such Proposed Acquisition shall only involve assets (which may
     include Stock) comprising a business, or those assets of a business, of the
     type engaged in by the

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

     Parent and its Subsidiaries as of the Closing Date or any other business
     that is reasonably related, ancillary or complementary thereto (or a
     reasonable extension or expansion thereof) or otherwise part of the
     consumer products business;

          (c)  such Proposed Acquisition shall be consensual and shall have been
     approved by the Proposed Acquisition Target's board of directors;

          (d)  no additional Indebtedness or other liabilities shall be
     incurred, assumed or otherwise be reflected on a Consolidated balance sheet
     of the Parent and Proposed Acquisition Target after giving effect to such
     Proposed Acquisition, except (i) Loans made hereunder, (ii) ordinary course
     trade payables and accrued expenses and (iii) Indebtedness permitted under
     SECTION 8.1 (INDEBTEDNESS);

          (e)  the Dollar Equivalent of the sum of all amounts payable (without
     taking into account all such amounts paid using the Net Cash Proceeds of
     any Equity Issuance and identified in an Equity Issuance Notice or any
     notice delivered pursuant to CLAUSE (a) above to be used for such purpose)
     in connection with such Proposed Acquisition and all other Permitted
     Acquisitions consummated on or prior to the date of the consummation of
     such Proposed Acquisition (without taking into account any transfer to the
     seller thereunder of Stock or Stock Equivalents of the Parent or the
     Ultimate Parent but including all transaction costs, purchase price
     adjustments, earn-out payments (but only to the extent such payments are
     required to be set forth as liabilities on a balance sheet prepared in
     accordance with GAAP), escrow payments, direct and indirect payments to any
     seller (or its Affiliates, assignees, heirs or family) under consulting,
     deferred compensation and similar arrangements or in lieu of the issuance
     of fractional shares and all Indebtedness permitted pursuant to SECTION
     8.1(l) (INDEBTEDNESS) and all other Indebtedness liabilities and Guaranty
     Obligations incurred or assumed in connection with such Proposed
     Acquisition or otherwise reflected in a Consolidated balance sheet of the
     Parent and its Subsidiaries and the Proposed Acquisition Target and its
     Subsidiaries after giving effect to such Permitted Acquisition but not
     reflected therein prior to giving effect to such Permitted Acquisition)
     shall not exceed $50,000,000 in any Fiscal Year; PROVIDED, HOWEVER, that
     (i) if such Proposed Acquisition involves assets located outside the United
     States, the Dollar Equivalent of the sum of all amounts payable (without
     taking into account all such amounts paid for any Permitted Acquisition
     using the Net Cash Proceeds of such Equity Issuance and identified in the
     Equity Issuance Notice or any notice delivered pursuant to CLAUSE (a) above
     for such Equity Issuance to be so used) in connection with such Permitted
     Acquisition and all other Permitted Acquisitions involving assets located
     outside of the United States and consummated on or prior to the date of the
     consummation of such Permitted Acquisition shall not exceed $20,000,000 in
     any Fiscal Year and (ii) to the extent such Proposed Acquisition is made
     using Net Cash Proceeds of Asset Sales permitted under CLAUSE (i), (j) or
     (k) of SECTION 8.4 (SALE OF ASSETS) (and such Permitted Acquisition was
     specifically identified as a Permitted Reinvestment to be made with all or
     part of such Net Cash Proceeds in each Reinvestment Notice for such Net
     Cash Proceeds), such Net Cash Proceeds shall not be counted as part of the
     consideration for such Permitted Acquisition;

          (f)  within 30 days after (or such later date as may be agreed to by
     the Administrative Agent, in its sole discretion) the date of the
     consummation of such Proposed Acquisition, each applicable Loan Party and
     the Proposed Acquisition Target and its Subsidiaries shall have executed
     such documents and taken such actions as may

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

     be required under SECTIONS 7.11 (ADDITIONAL COLLATERAL AND GUARANTIES) and
     7.13 (REAL PROPERTY);

          (g)  the Parent shall have delivered to the Administrative Agent, at
     least five Business Days prior to such Proposed Acquisition, such existing
     financial information, financial analysis, documentation or other existing
     information relating to such Proposed Acquisition as the Administrative
     Agent or any Lender shall reasonably request;

          (h)  on or prior to the date of the consummation of such Proposed
     Acquisition, the Administrative Agent shall have received copies of the
     acquisition agreement and, promptly thereafter (but in any event not later
     than 15 days after the consummation of such Proposed Acquisition or such
     later date as may be agreed to by the Administrative Agent in its sole
     discretion), all related Contractual Obligations, instruments and all
     opinions, certificates, lien search results and other documents reasonably
     requested by the Administrative Agent;

          (i)  on the date of the consummation of such Proposed Acquisition and
     after giving effect thereto, (i) no Default or Event of Default shall have
     occurred and be continuing and (ii) all representations and warranties
     contained in ARTICLE IV (REPRESENTATIONS AND WARRANTIES) and in the other
     Loan Documents shall be true and correct in all material respects; and

          (j)  on the date of the consummation of such of such Proposed
     Acquisition and after giving effect thereto, (i) if the Leverage Ratio of
     the Parent, calculated on a Pro Forma Basis after giving effect to such
     Proposed Acquisition, is equal to or higher than 5.50 to 1.00, the Leverage
     Ratio of the Parent calculated on a Pro Forma Basis after giving effect to
     such Proposed Acquisition (and recomputed as of the last day of the most
     recently ended Fiscal Quarter for which Financial Statements have been
     delivered pursuant to SECTION 6.1(b) or (c) (FINANCIAL STATEMENTS)) shall
     not be higher than the Leverage Ratio in effect immediately prior to such
     Proposed Acquisition and (ii) otherwise, the Parent shall be in compliance
     with SECTION 5.1 (MAXIMUM LEVERAGE RATIO) on a Pro Forma Basis after giving
     effect to such Proposed Acquisition (and with the Leverage Ratio recomputed
     as of the last day of the most recently ended Fiscal Quarter for which
     Financial Statements have been delivered pursuant to SECTION 6.1(b) or (c)
     (FINANCIAL STATEMENTS)).

          "PERMITTED ACQUISITION NOTICE" means, in respect of any Permitted
Acquisition, a notice from the Parent to the Administrative Agent delivered on
or before such Permitted Acquisition that identifies (a) non-core assets to be
acquired as part of such Permitted Acquisition that the Parent and its
Subsidiaries intend and expects to dispose of within the 360 days next following
the consummation of such Permitted Acquisition and (b) any Revolving Credit
Borrowing that were or will be made on or prior to the time of such Permitted
Acquisition and the proceeds of which will be used to consummate such Permitted
Acquisition.

          "PERMITTED JOINT VENTURE" means any Joint Venture (a) in which the
investors, participants and each other holder of Stock and Stock Equivalents
therein (other than the Loan Parties) participate on terms materially no more
favorable than the terms applicable to the Loan Parties (other than solely due
to the percentage of Stock or Stock Equivalents owned in such Joint Venture by
each such Person and rights customarily incidental thereto), (b) that is not a
Loan Party, that does not own Stock or Stock Equivalents in any Loan Party and
no direct or indirect

                                       33
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

Subsidiary or Joint Venture of which is a Loan Party, (c) all of the Stock and
Stock Equivalents of which shall be subject to Requisite Priority Liens, to the
extent of the Loan Parties' interest therein as provided under the Collateral
Documents and (d) in which no Loan Party shall be under any Contractual
Obligation to make Investments or Asset or incur Guaranty Obligations in respect
of such Joint Venture not permitted hereunder.

          "PERMITTED REINVESTMENT" means, with respect to any Reinvestment
Event, to make a Permitted Acquisition, become an investor in a Permitted Joint
Venture or acquire (or make Capital Expenditures to finance the acquisition or
improvement of), to the extent otherwise permitted hereunder, assets useful in
the business of the Parent or any of its Subsidiaries or, if such Reinvestment
Event is a Property Loss Event that is a loss or damage, to repair such loss or
damage.

          "PERSON" means an individual, partnership, corporation (including a
business trust), joint stock company, estate, trust, limited liability company,
unincorporated association, joint venture or other entity or a Governmental
Authority.

          "PLEDGE AND SECURITY AGREEMENT" means an agreement, in substantially
the form of EXHIBIT I (FORM OF PLEDGE AND SECURITY AGREEMENT), executed by the
Borrower and each Guarantor.

          "PLEDGED DEBT INSTRUMENTS" has the meaning specified in the Pledge and
Security Agreement.

          "PLEDGED STOCK" has the meaning specified in the Pledge and Security
Agreement.

          "PREPAYMENT PERCENTAGE" means, with respect to any prepayment of
Tranche C Loans, (a) if such prepayment is made during the period from the
Closing Date to the first anniversary thereof, 3%, (b) if such prepayment is
made during the period from the first anniversary of the Closing Date to the
second anniversary thereof, 2%, (c) if such prepayment is made during the period
from the second anniversary of the Closing Date to the third anniversary
thereof, 1% and (d) otherwise, 0%.

          "PRESTIGE ACQUISITION" means the merger of Prestige Mergersub, Inc., a
Virginia corporation and a direct Subsidiary of Prestige Acquisition Holdings
LLC, a Delaware limited liability company, with and into Bonita Bay Holdings,
Inc., a Virginia corporation, pursuant to the terms of the Prestige Acquisition
Agreement.

          "PRESTIGE ACQUISITION AGREEMENT" means the Agreement of Merger, dated
as of February 10, 2004, by and among Prestige Acquisition Holdings, LLC,
Prestige Mergersub, Inc., a Virginia corporation, Bonita Bay Holdings, Inc., a
Virginia corporation, Midocean Capital Partners SB, L.P. and the Ultimate
Parent.

          "PRESTIGE ACQUISITION DOCUMENT" means each of the Prestige Acquisition
Agreement (and the related escrow agreement) and any agreements evidencing the
employment and severance arrangements with senior management of Bonita Bay
Holdings, Inc. and its Subsidiaries, in each case together with the schedules,
exhibits, annexes and exhibits thereto and all other agreement, document, power
of attorney and certificate executed in connection therewith.

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "PROCEEDS" has the meaning given to such term in the UCC.

          "PRO FORMA BASIS" means, with respect to any determination for any
period, that such determination shall be made giving PRO FORMA effect to each
Permitted Acquisition consummated during such period (and the Medtech
Acquisition, the Closing Date Acquisition and each other Acquisition, in each
case if such Acquisition is consummated on or prior to the Closing Date and
during such period) and each Sale of Business consummated during such period
(or, as the case may be, any specified Permitted Acquisition or Sale of
Business), in each case together with all transactions relating thereto
consummated during such period (including any incurrence, assumption,
refinancing or repayment of Indebtedness), as if such acquisition, Sale of
Business and related transactions had been consummated on the first day of such
period, in each case based on historical results accounted for in accordance
with GAAP and, to the extent applicable, reasonable assumptions that are
specified in details in the relevant Compliance Certificate and the adjustments
set forth on SCHEDULE 1.1 (EBITDA ADJUSTMENTS), Financial Statement or other
document provided to the Administrative Agent or any Lender in connection
herewith in accordance with Regulation S-X of the Securities Act of 1933, and
other cost savings and pro forma adjustments reasonably acceptable to the
Administrative Agent.

          "PROJECTIONS" means those financial projections dated March 15, 2004
covering the Fiscal Years ending in 2004 through 2011 inclusive, to be delivered
to the Lenders by the Parent.

          "PROPERTY LOSS EVENT" means (a) any loss of or damage to property of
the Parent or any of its Subsidiaries that results in the receipt by the Parent
or such Subsidiary of proceeds of insurance whose Dollar Equivalent exceeds
$3,000,000 (individually or in the aggregate) or (b) any taking of property of
the Parent or any of its Subsidiaries that results in the receipt by such Person
of a compensation payment in respect thereof whose Dollar Equivalent exceeds
$3,000,000 (individually or in the aggregate).

          "PROPOSED ACQUISITION" means the proposed acquisition by any
Subsidiary of Parent of all or substantially all of the assets or Stock of any
Proposed Acquisition Target (including rights to a product line), or the merger
of any Proposed Acquisition Target with or into any Subsidiary of the Parent
(and, in the case of a merger with the Borrower, with the Borrower being the
surviving corporation).

          "PROPOSED ACQUISITION TARGET" means any Person or any operating
division, ingredient, formula, product line or brand thereof subject to a
Proposed Acquisition.

          "PURCHASING LENDER" has the meaning specified in SECTION 11.7 (SHARING
OF PAYMENTS, ETC.).

          "RATABLE PORTION" or (other than in the expression "EQUALLY AND
RATABLY") "RATABLY" means, with respect to any Lender, (a) with respect to the
Revolving Credit Facility, the percentage obtained by dividing (i) the Revolving
Credit Commitment of such Lender by (ii) the aggregate Revolving Credit
Commitments of all Lenders (or, at any time after the Revolving Credit
Termination Date, the percentage obtained by dividing the aggregate outstanding
principal balance of the Revolving Credit Outstandings owing to such Lender by
the aggregate outstanding principal balance of the Revolving Credit Outstandings
owing to all Lenders), (b) with respect to the Term Loan Facilities, the
percentage obtained by dividing (i) the Term Loan Commitment of such Lender by
(ii) the aggregate Term Loan Commitments of all Lenders (or, at any time after

                                       35
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

the Closing Date, the percentage obtained by dividing the outstanding principal
amount of such Lender's Term Loans by the aggregate outstanding principal amount
of the Term Loans of all Lenders) and (c) with respect to Term Loans of any
Tranche, the percentage obtained by dividing (i) the Term Loan Commitment of
such Lender in such Tranche (ii) the aggregate Term Loan Commitments of all
Lenders in such Tranche (or, at any time after the Closing Date, the percentage
obtained by dividing the principal amount of such Lender's Term Loans in such
Tranche by the aggregate Term Loans of all Lenders in such Tranche).

          "REAL PROPERTY" of any Person means the Land of such Person, together
with the right, title and interest of such Person, if any, in and to the
streets, the Land lying in the bed of any streets, roads or avenues, opened or
proposed, in front of, the air space and development rights pertaining to the
Land and the right to use such air space and development rights, all rights of
way, privileges, liberties, tenements, hereditaments and appurtenances belonging
or in any way appertaining thereto, all fixtures, all easements now or hereafter
benefiting the Land and all royalties and rights appertaining to the use and
enjoyment of the Land, including all alley, vault, drainage, mineral, water, oil
and gas rights, together with all of the buildings and other improvements now or
hereafter erected on the Land and any fixtures appurtenant thereto.

          "REGISTER" has the meaning specified in SECTION 2.7(b) (EVIDENCE OF
DEBT).

          "REIMBURSEMENT DATE" has the meaning specified in SECTION 2.4(h)
(LETTERS OF CREDIT).

          "REIMBURSEMENT OBLIGATIONS" means, as and when matured, the obligation
of the Borrower to pay, on the date payment is made or scheduled to be made to
the beneficiary under each such Letter of Credit (or at such other date as may
be specified in the applicable Letter of Credit Reimbursement Agreement) and in
the currency drawn (or in such other currency as may be specified in the
applicable Letter of Credit Reimbursement Agreement), all amounts of each drafts
and other requests for payments drawn under Letters of Credit, and all other
matured reimbursement or repayment obligations of the Borrower to any Issuer
with respect to amounts drawn under Letters of Credit.

          "REINVESTMENT DEFERRED PREPAYMENT" means, with respect to any Net Cash
Proceeds of any Reinvestment Event, the portion of such Net Cash Proceeds that
are subject to a Reinvestment Notice and the receipt of which would otherwise
trigger a mandatory prepayment of the Loans, reduction of the Commitments or
posting of cash collateral hereunder.

          "REINVESTMENT EVENT" has the meaning specified in SECTION 2.9(e)
(MANDATORY PREPAYMENTS).

          "REINVESTMENT NOTICE" means a written notice executed by a Responsible
Officer of the Parent with respect to a Reinvestment Event stating that no Event
of Default has occurred and is continuing and that the Parent (directly or
indirectly through one of its Subsidiaries) intends and expects to make
Permitted Reinvestments in an amount not to exceed the Net Cash Proceeds of such
Reinvestment Event.

          "REINVESTMENT PREPAYMENT AMOUNT" means, on any Reinvestment Prepayment
Date for any portion of any Reinvestment Deferred Prepayment, such portion of
such Reinvestment Deferred Prepayment LESS any amount expended or required to be
expended

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

pursuant to a Contractual Obligation entered into prior to such Reinvestment
Prepayment Date for such Net Cash Proceeds to make Permitted Reinvestments using
such Net Cash Proceeds.

          "REINVESTMENT PREPAYMENT DATE" means, with respect to a portion of the
Reinvestment Deferred Prepayment of any Net Cash Proceeds of a Reinvestment
Event, the earliest of (a) the date occurring 270 days after such Reinvestment
Event, (b) the date that is five Business Days after the date on which the
Parent shall have notified the Administrative Agent of the Parent's
determination not to make Permitted Reinvestments with such portion of such
Reinvestment Deferred Prepayment and (c) the first date after such Reinvestment
Event upon which an Event of Default shall have occurred and is continuing.

          "RELATED DOCUMENTS" means each Closing Date Related Document, each
Medtech Acquisition Document, each Spic and Span Acquisition Document, the
Shansby Documents and, upon the issuance of any additional Subordinated Debt,
each Subordinated Debt Document related thereto.

          "RELEASE" means, with respect to any Person, any release, spill,
emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal,
leaching or migration, in each case, of any Contaminant into the indoor or
outdoor environment or into or out of any property owned, leased or operated by
such Person, including the movement of Contaminants through or in the air, soil,
surface water, ground water or property.

          "REMEDIAL ACTION" means all actions required to (a) clean up, remove,
treat or in any other way address any Contaminant in the indoor or outdoor
environment, (b) prevent the Release or threat of Release or minimize the
further Release so that a Contaminant does not migrate or endanger or threaten
to endanger public health or welfare or the indoor or outdoor environment or (c)
perform pre-remedial studies and investigations and post-remedial monitoring and
care.

          "REQUIREMENT OF LAW" means, with respect to any Person, the common law
and all federal, state, local and foreign laws, treaties, rules and regulations,
orders, judgments, decrees and other determinations of, concessions, grants,
franchises, licenses and other Contractual Obligations (other than purchase,
sale and distribution contracts entered into in the ordinary course of business)
with, any Governmental Authority or arbitrator, applicable to or binding upon
such Person or any of its property or to which such Person or any of its
property is subject.

          "REQUISITE ASSET SALE LENDERS" means, collectively, Lenders having (a)
on and prior to the Closing Date, more than fifty percent (50%) of the aggregate
outstanding amount of the Commitments, (b) after the Closing Date and on and
prior to the Revolving Credit Termination Date, more than fifty percent (50%) of
the sum of the aggregate outstanding amount of the Revolving Credit Commitments
and the principal amount of all Term Loans then outstanding and (c) after the
Revolving Credit Termination Date, more than fifty percent (50%) of the sum of
the aggregate Revolving Credit Outstandings and the principal amount of all Term
Loans then outstanding. A Non-Funding Lender shall not be included in the
calculation of "REQUISITE ASSET SALE LENDERS."

          "REQUISITE FIRST-PRIORITY LENDERS" means, collectively, Revolving
Credit Lenders and Tranche B Lenders having (a) on and prior to the Closing
Date, more than fifty percent (50%) of the sum of the aggregate Revolving Credit
Commitments then outstanding and the aggregate Tranche B Commitments then
outstanding, (b) after the Closing Date and on and prior to the

                                       37
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

Revolving Credit Termination Date, more than fifty percent (50%) of the sum of
the aggregate outstanding amount of the Revolving Credit Commitments and the
principal amount of all Tranche B Loans then outstanding and (c) after the
Revolving Credit Termination Date, more than fifty percent (50%) of the sum of
the aggregate Revolving Credit Outstandings and the principal amount of all Term
Loans then outstanding. A Non-Funding Lender shall not be included in the
calculation of "REQUISITE FIRST-PRIORITY LENDERS."

          "REQUISITE LENDERS" means, (a) on or prior to the payment in full of
all First-Priority Secured Obligations, the Requisite First-Priority Lenders and
(b) thereafter, the Requisite Tranche C Lenders.

          "REQUISITE PRIORITY LIENS" means, collectively, (a) a valid and
perfected first-priority security interest in favor of the Administrative Agent
for the benefit of the First-Priority Secured Parties and securing the
First-Priority Obligations and (b) a valid and perfected second-priority
security interest, junior only to the First-Priority Obligations, in favor the
Tranche C Agent for the benefit of the Tranche C Secured Parties and securing
the Tranche C Obligations.

          "REQUISITE REVOLVING CREDIT LENDERS" means, collectively, Revolving
Credit Lenders having more than fifty percent (50%) of the aggregate outstanding
amount of the Revolving Credit Commitments or, after the Revolving Credit
Termination Date, more than fifty percent (50%) of the aggregate Revolving
Credit Outstandings. A Non-Funding Lender shall not be included in the
calculation of "REQUISITE REVOLVING CREDIT LENDERS."

          "REQUISITE TRANCHE B LENDERS" means, collectively, Tranche B Lenders
having more than 50% of the aggregate outstanding amount of the Tranche B
Commitments or, after the Closing Date, more than fifty percent (50%) of the
principal amount of all Tranche B Loans then outstanding. A Non-Funding Lender
shall not be included in the calculation of "REQUISITE TRANCHE B LENDERS."

          "REQUISITE TRANCHE C LENDERS" means, collectively, Tranche C Lenders
having more than 50% of the aggregate outstanding amount of the Tranche C
Commitments or, after the Closing Date, more than fifty percent (50%) of the
principal amount of all Tranche C Loans then outstanding. A Non-Funding Lender
shall not be included in the calculation of "REQUISITE TRANCHE C LENDERS."

          "RESPONSIBLE OFFICER" means, with respect to any Person, any of the
principal executive officers, managing members or general partners of such
Person but, in any event, with respect to financial matters, the chief financial
officer of such Person.

          "RESTRICTED PAYMENT" means (a) any dividend, distribution or any other
payment whether direct or indirect, on account of any Stock or Stock Equivalent
of the Parent or any of its Subsidiaries now or hereafter outstanding and (b)
any redemption, retirement, sinking fund or similar payment, purchase or other
acquisition for value, direct or indirect, of any Stock or Stock Equivalent of
the Parent or any of its Subsidiaries now or hereafter outstanding.

          "RESTRICTED PAYMENT ALLOWANCE" means, at any time, the amount, if any,
by which (a) the sum of (i) 50% of the Consolidated Net Income (to the extent
such Consolidated Net Income shall be positive) of the Company accrued
subsequent to the first day of the first Fiscal Quarter beginning on or after
the Closing Date through the last day of the most recently ended Fiscal Quarter
or Fiscal Year for which Financial Statements have been delivered pursuant

                                       38
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

to SECTION 6.1(b) or (c) (FINANCIAL STATEMENTS) and (ii) the Net Equity
Investment at such time exceeds (b) 100% of the deficit in Consolidated Net
Income (to the extent such Consolidated Net Income shall be a deficit) of the
Company accrued subsequent to the first day of the first Fiscal Quarter
beginning on or after the Closing Date through the last day of the most recently
ended Fiscal Quarter or Fiscal Year for which Financial Statements have been
delivered pursuant to SECTION 6.1(b) or (c) (FINANCIAL STATEMENTS).

          "REVOLVING CREDIT BORROWING" means a borrowing consisting of Revolving
Loans made on the same day by the Revolving Credit Lenders ratably according to
their respective Revolving Credit Commitments.

          "REVOLVING CREDIT COMMITMENT" means, with respect to each Revolving
Credit Lender, the commitment of such Revolving Credit Lender to make Revolving
Loans and acquire interests in other Revolving Credit Outstandings in the
aggregate principal amount outstanding not to exceed the amount set forth
opposite such Revolving Credit Lender's name on SCHEDULE I (COMMITMENTS) under
the caption "REVOLVING CREDIT COMMITMENT" (as amended to reflect each Assignment
and Acceptance executed by such Revolving Credit Lender) as such amount may be
reduced pursuant to this Agreement, and each additional commitment by such
Revolving Credit Lender in the Revolving Credit Facility that is included as
part of any Facilities Increase, as such amount may be reduced pursuant to this
Agreement.

          "REVOLVING CREDIT FACILITY" means the Revolving Credit Commitments and
the provisions herein related to the Revolving Loans, Swing Loans and Letters of
Credit.

          "REVOLVING CREDIT LENDER" means each Lender that (a) has a Revolving
Credit Commitment, (b) holds a Revolving Loan or (c) participates in any Letter
of Credit.

          "REVOLVING CREDIT NOTE" means a promissory note of the Borrower
payable to the order of any Revolving Credit Lender in a principal amount equal
to the amount of such Revolving Credit Lender's Revolving Credit Commitment
evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit
Lender resulting from the Revolving Loans owing to such Revolving Credit Lender.

          "REVOLVING CREDIT OUTSTANDINGS" means, at any particular time, the sum
of (a) the principal amount of the Revolving Loans outstanding at such time, (b)
the Letter of Credit Obligations outstanding at such time and (c) the principal
amount of the Swing Loans outstanding at such time.

          "REVOLVING CREDIT TERMINATION DATE" shall mean the earliest of (a) the
Scheduled Termination Date, (b) the date of termination of all of the Revolving
Credit Commitments pursuant to SECTION 2.5 (TERMINATION OF THE COMMITMENTS) and
(c) the date on which the Obligations become due and payable pursuant to SECTION
9.2 (REMEDIES).

          "REVOLVING LOAN" has the meaning specified in SECTION 2.1 (THE
COMMITMENTS).

          "S&P" means Standard & Poor's Rating Services.

          "SALE OF BUSINESS" means the sale of all or substantially all of the
Stock of, or all or substantially all of the assets of, any Person or the sale
of any division or line of business.

                                       39
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "SARBANES-OXLEY ACT" means the United States Sarbanes-Oxley Act of
2002.

          "SCHEDULED TERMINATION DATE" means the fifth anniversary of the
Closing Date.

          "SECURED OBLIGATIONS" means, (a) in the case of the Borrower, the
Obligations, the Cash Management Obligations and the Hedging Contract
Obligations of the Borrower and (b) in the case of any other Loan Party, the
obligations of such Loan Party under the Guaranty and the other Loan Documents
to which it is a party and the Cash Management Obligations and Hedging Contract
Obligations of such Loan Party.

          "SECURED PARTIES" means the Lenders, the Issuers, each Collateral
Agent and each other holder of any Secured Obligation.

          "SECURITIES ACCOUNT" has the meaning given to such term in the UCC.

          "SECURITIES ACCOUNT CONTROL AGREEMENT" has the meaning specified in
the Pledge and Security Agreement.

          "SECURITY" means any Stock, Stock Equivalent, voting trust
certificate, bond, debenture, note or other evidence of Indebtedness, whether
secured, unsecured, convertible or subordinated, or any certificate of interest,
share or participation in, any temporary or interim certificate for the purchase
or acquisition of, or any right to subscribe to, purchase or acquire, any of the
foregoing, but shall not include any evidence of the Obligations.

          "SELLING LENDER" has the meaning specified in SECTION 11.7 (SHARING OF
PAYMENTS, ETC.).

          "SHANSBY AGREEMENT" means the Senior Preferred Investor Rights
Agreement, dated as of March 5, 2004, by and among the Ultimate Parent, the
Sponsor and the Shansby Holders.

          "SHANSBY DOCUMENT" means the Shansby Agreement, the Shansby Notes and
any other agreement, certificate, power of attorney, or document related to any
of the foregoing that, if it were not a "SHANSBY DOCUMENT", would not otherwise
constitute a Related Document.

          "SHANSBY HOLDERS" means each of the "Securityholders" under and as
defined in the Shansby Agreement.

          "SHANSBY NOTES" means the promissory notes issued by the Borrower to
the Shansby Holders upon the occurrence of a "Liquidity Event" (under and as
defined in the Shansby Agreement) bearing interest at a rate equal to 8% per
annum, payable quarterly in cash, having a maturity date equal to the third
anniversary of such Liquidity Event and fully subordinated to the Secured
Obligations on terms and conditions reasonably satisfactory to the
Administrative Agent, which shall in any event prohibit any cash payment thereof
(other than, subject to appropriate subordination provisions, regularly
scheduled interest payments) until the latest of (a) the first anniversary of
the Tranche C Maturity Date, (b) the first anniversary of the Tranche B Maturity
Date and (c) the first anniversary of the Scheduled Termination Date as each
such term is defined on the date of the incurrence thereof; PROVIDED, HOWEVER,
that the Shansby Notes may be paid at maturity thereof but shall not be paid,
and shall provide that they shall not be paid, in the event that, at the time of
maturity (x) the sum of (i) the Available Credit at such

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

time and any cash of the Loan Parties on deposit in Deposit Accounts and held by
the Loan Parties in compliance with SECTION 7.12 (CONTROL ACCOUNTS; APPROVED
DEPOSIT ACCOUNTS) exceeds $30,000,000 and (y) no Default or Event of Default
exists and is continuing.

          "SHANSBY PREFERRED STOCK" means the Stock of the Shansby Holders in
the Ultimate Parent.

          "SOLVENT" means, with respect to any Person as of any date of
determination, that, as of such date, (a) the value of the assets of such Person
(both at fair value and present fair saleable value) is greater than the total
amount of liabilities (including contingent and unliquidated liabilities) of
such Person, (b) such Person is able to pay all liabilities of such Person as
such liabilities mature and (c) such Person does not have unreasonably small
capital. In computing the amount of contingent or unliquidated liabilities at
any time, such liabilities shall be computed at the amount that, in light of all
the facts and circumstances existing at such time, represents the amount that
can reasonably be expected to become an actual or matured liability (in each
case as interpreted in accordance with fraudulent conveyance, bankruptcy,
insolvency and similar laws and other applicable Requirements of Law).

          "SPECIAL PURPOSE VEHICLE" means any special purpose funding vehicle
identified as such in writing by any Lender to the Administrative Agent.

          "SPIC AND SPAN" means The Spic and Span Company, a Delaware
corporation.

          "SPIC AND SPAN ACQUISITION" means the acquisition of all of the Stock
of Spic and Span by Prestige Household Brands, Inc. (formerly known as SNS
Household Brands, Inc.), a Delaware corporation, pursuant to the Spic and Span
Acquisition Agreement.

          "SPIC AND SPAN ACQUISITION AGREEMENT" means that certain Stock
Purchase Agreement, dated as of March 5, 2004, among Spic and Span, the
stockholders of Spic and Span listed on the schedules thereto, Prestige
Household Brands, Inc. (formerly known as SNS Household Brands, Inc.), a
Delaware corporation, and the Ultimate Parent.

          "SPIC AND SPAN ACQUISITION DOCUMENT" means each of the Spic and Span
Acquisition Agreement and any agreements evidencing the employment and severance
arrangements with senior management, in each case together with the schedules,
exhibits, annexes and exhibits thereto and all other agreement, document, power
of attorney and certificate executed in connection therewith.

          "SPONSOR" means GTCR Capital Partners, L.P., a Delaware limited
partnership, GTCR Fund VIII, L.P., a Delaware limited partnership, GTCR Fund
VIII/A, L.P., a Delaware limited partnership, GTCR Fund VIII/B, L.P., a Delaware
limited partnership, GTCR Golder Rauner II, LLC, a Delaware limited liability
company, together with each of their respective Approved Funds and Affiliates.

          "SPONSOR'S EQUITY INVESTMENT" means the cash equity contribution from
the Sponsor and certain co-investors disclosed to the Administrative Agent and
the Lenders to the Parent in Dollars in an amount equal to $174,158,000.

          "SPONSOR'S EQUITY INVESTMENT DOCUMENT" means each agreement, document,
power of attorney and certificate executed in connection with the Sponsor's
Equity Investment.

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "STANDBY LETTER OF CREDIT" means any Letter of Credit that is not a
Documentary Letter of Credit.

          "STOCK" means shares of capital stock (whether denominated as common
stock or preferred stock), beneficial, partnership or membership interests,
participations or other equivalents (regardless of how designated) of or in a
corporation, partnership, limited liability company or equivalent entity,
whether voting or non-voting.

          "STOCK EQUIVALENTS" means all securities convertible into or
exchangeable for Stock and all warrants, options or other rights to purchase or
subscribe for any Stock, whether or not presently convertible, exchangeable or
exercisable.

          "SUBORDINATED DEBT" means, in each case to the extent permitted to be
incurred by such Loan Party hereunder, (a) Additional Subordinated Debt of any
Loan Party, (b) Indebtedness of any Loan Party under the Subordinated Notes, the
Subordinated Notes Documents or the Additional Subordinated Debt Documents, (c)
Indebtedness of any Loan Party permitted to be incurred under CLAUSE (m) or (n)
of SECTION 8.1 (INDEBTEDNESS), (d) Indebtedness of the Ultimate Parent and its
Subsidiaries under the Shansby Agreement, the Shansby Notes or any other Shansby
Document (including all Indebtedness permitted to be incurred pursuant to CLAUSE
(r) of SECTION 8.1 (INDEBTEDNESS)) and (e) any other Indebtedness of any Loan
Party that is expressly subordinated in right of payment to any of the Secured
Obligations or is scheduled to mature not earlier than the latest of (i) the
first anniversary of the Tranche C Maturity Date, (ii) the first anniversary of
the Tranche B Maturity Date and (iii) the first anniversary of the Scheduled
Termination Date as each such term is defined on the date of the incurrence
thereof.

          "SUBORDINATED DEBT DOCUMENT" means each of the Subordinated Notes, the
Subordinated Notes Documents, the Shansby Documents and the Additional
Subordinated Debt Documents and any other note, indenture, credit agreement
related to any Subordinated Debt, and any other agreement, certificate, power of
attorney, or document related to any of the foregoing.

          "SUBORDINATED NOTES" means the 9.250% Senior Subordinated Notes due
2012, issued by the Borrower in Dollars and governed by the terms of the
Subordinated Notes Indenture.

          "SUBORDINATED NOTES DOCUMENT" means each of the Subordinated Notes,
the Subordinated Notes Indenture and any other agreement, certificate, power of
attorney, or document related to any of the foregoing.

          "SUBORDINATED NOTES INDENTURE" means the Indenture, dated as of the
Closing Date, between the Borrower, certain other Loan Parties and the
Subordinated Notes Trustee, in respect of the issuance of senior subordinated
notes by the Borrower.

          "SUBORDINATED NOTES OFFERING MEMORANDUM" means the final offering
memorandum, dated March 30, 2004, prepared by the Parent in compliance with RULE
144A (PRIVATE RELEASES OF SECURITIES TO INSTITUTIONS) of the United States
Securities Act of 1933, in connection with the issuance of the Subordinated
Notes.

          "SUBORDINATED NOTES TRUSTEE" means U.S. Bank National Association, as
trustee under the Subordinated Notes Indenture.

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "SUBSIDIARY" means, with respect to any Person, any corporation,
partnership, limited liability company or other business entity of which an
aggregate of more than 50% of the outstanding Voting Stock is, at the time,
directly or indirectly, owned or controlled by such Person or one or more
Subsidiaries of such Person.

          "SUBSIDIARY GUARANTOR" means each Subsidiary of the Parent (other than
the Borrower) that is party to or that becomes party to the Guaranty.

          "SUBSTITUTE INSTITUTION" has the meaning specified in SECTION 2.17
(SUBSTITUTION OF LENDERS).

          "SUBSTITUTION NOTICE" has the meaning specified in SECTION 2.17
(SUBSTITUTION OF LENDERS).

          "SWING LOAN" has the meaning specified in SECTION 2.3 (SWING LOANS).

          "SWING LOAN LENDER" means Citicorp or any other Revolving Credit
Lender that becomes the Administrative Agent or agrees, with the approval of the
Administrative Agent and the Borrower, to act as the Swing Loan Lender
hereunder, in each case in its capacity as the Swing Loan Lender hereunder.

          "SWING LOAN REQUEST" has the meaning specified in SECTION 2.3(b)
(SWING LOANS).

          "SWING LOAN SUBLIMIT" means $15,000,000.

          "SYNDICATION AGENT" has the meaning specified in the preamble hereto.

          "SYNDICATION COMPLETION DATE" means the earlier to occur of (a) the
15th day following the Closing Date and (b) the date upon which the Arrangers
determine in their sole reasonable discretion that the primary syndication of
the Loans and Revolving Credit Commitments has been completed.

          "TAX AFFILIATE" means, with respect to any Person, (a) any Subsidiary
of such Person and (b) any Affiliate of such Person with which such Person files
or is eligible to file consolidated, combined or unitary tax returns.

          "TAX RETURN" has the meaning specified in SECTION 4.8(a) (TAXES).

          "TAXES" has the meaning specified in SECTION 2.16(a) (TAXES).

          "TERM LOAN" means each of the Tranche B Loans and Tranche C Loans.

          "TERM LOAN BORROWING" means a borrowing consisting of Term Loans made
on the same day by the Term Loan Lenders.

          "TERM LOAN COMMITMENT" means each of the Tranche B Commitments and
Tranche C Commitments.

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "TERM LOAN COMMITMENT TERMINATION DATE" means, with respect to any
term commitment of any Lender or prospective Lender, (a) if such commitment is
entered into as part of a Facilities Increase, the earlier of the date agreed by
the Borrower and the Administrative Agent to be the date of termination of the
commitments for such Facilities Increase, any termination date expressly set
forth in the commitment letter for such commitment and the Facilities Increase
Date for such Facilities Increase after the incurrence of any Term Loan on such
date and (b) in the case of any other commitment (including any Term Loan
Commitment existing on or prior to the Closing Date), the Closing Date, after
the incurrence of any Term Loan on such date.

          "TERM LOAN FACILITIES" means the Term Loan Commitments and the
provisions herein related to the Term Loans.

          "TERM LOAN LENDER" means each Lender that has a Term Loan Commitment
or that holds a Term Loan.

          "TERM LOAN MATURITY DATE" means, in respect of each Tranche B Loan,
the Tranche B Maturity Date and, in respect of each Tranche C Loan, the Tranche
C Maturity Date.

          "TITLE IV PLAN" means a pension plan, other than a Multiemployer Plan,
covered by Title IV of ERISA and to which the Parent any of its Subsidiaries or
any ERISA Affiliate has any obligation or liability, contingent or otherwise.

          "TRANCHE" means each of the Tranche B Facility or the Tranche C
Facility.

          "TRANCHE B COMMITMENT" with respect to each Tranche B Lender, (a) the
commitment of such Lender to make Tranche B Loans to the Borrower on the Closing
Date in the aggregate principal amount outstanding not to exceed the amount set
forth opposite such Lender's name on SCHEDULE I (COMMITMENTS) under the caption
"TRANCHE B COMMITMENT" (as amended to reflect each Assignment and Acceptance
executed by such Lender), as such amount may be reduced pursuant to this
Agreement, and (b) any commitment by such Lender that is included as part of a
Facilities Increase to make Tranche B Loans on any Facilities Increase Date, as
such amount may be reduced pursuant to this Agreement.

          "TRANCHE B FACILITY" means the Tranche B Commitments and the
provisions herein related to the Tranche B Loans.

          "TRANCHE B LENDER" means each Lender that has a Tranche B Commitment
or that holds a Tranche B Loan.

          "TRANCHE B LOAN" means any loan made to the Borrower pursuant to
SECTION 2.1(b)(i) or (ii) (THE COMMITMENTS).

          "TRANCHE B MATURITY DATE" means the seventh anniversary of the Closing
Date.

          "TRANCHE B NOTE" means a promissory note of the Borrower payable to
the order of any Tranche B Lender in a principal amount equal to the amount of
the Tranche B Loan owing to such Lender.

          "TRANCHE C AGENT" has the meaning specified in the preamble to this
Agreement.

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          "TRANCHE C COMMITMENT" means, with respect to each Tranche C Lender,
the commitment of such Lender to make Tranche C Loans to the Borrower on the
Closing Date in the aggregate principal amount outstanding not to exceed the
amount set forth opposite such Lender's name on SCHEDULE I (COMMITMENTS) under
the caption "TRANCHE C COMMITMENT" (as amended to reflect each Assignment and
Acceptance executed by such Lender), as such amount may be reduced pursuant to
this Agreement.

          "TRANCHE C DEFAULT" means the occurrence of an Event of Default
arising from any of the following: (a) the Borrower failing to pay any principal
of any Tranche C Loan when the same becomes due and payable, (b) any Loan Party
failing to pay any interest on any Tranche C Loan, any fee under any of the Loan
Documents owing to the Tranche C Lenders or the Tranche C Agent or any other
Tranche C Secured Obligation (other than one referred to in CLAUSE (a) above)
and such non-payment continues for a period of five Business Days after the due
date therefor or (c) the failure of the Parent to comply with SECTION 5.1(b)
(MAXIMUM LEVERAGE RATIO), SECTION 5.2(b) (MINIMUM INTEREST COVERAGE RATIO) or
SECTION 5.3(b) (MINIMUM FIXED CHARGE COVERAGE RATIO).

          "TRANCHE C FACILITY" means the Tranche C Commitments and the
provisions herein related to the Tranche C Loans.

          "TRANCHE C LENDER" means each Lender that has a Tranche C Commitment
or that holds a Tranche C Loan.

          "TRANCHE C LOAN" means any loan made to the Borrower pursuant to
SECTION 2.1(b)(iii) (THE COMMITMENTS).

          "TRANCHE C MATURITY DATE" means the date that is seven years and 180
days after the Closing Date.

          "TRANCHE C NOTE" means a promissory note of the Borrower payable to
the order of any Tranche C Lender in a principal amount equal to the amount of
the Tranche C Loan owing to such Lender.

          "TRANCHE C OBLIGATIONS" means the Tranche C Loans and all other
amounts, obligations, covenants and duties owing by the Borrower (or any amount
paid by any Loan Party for the account of the Borrower) to any Tranche C Lender
in its capacity as such or any of its affiliated Indemnitees, of every type and
description (whether by reason of an extension of credit, loan, guaranty,
indemnification or otherwise) in respect of the Tranche C Facility, present or
future, arising under this Agreement, any other Loan Document, whether direct or
indirect (including those acquired by assignment), absolute or contingent, due
or to become due, now existing or hereafter arising and however acquired and
whether or not evidenced by any note, guaranty or other instrument or for the
payment of money, including all fees, interest, charges, expenses, attorneys'
fees and disbursements and other sums chargeable to the Borrower under this
Agreement or any other Loan Document by any Tranche C Lender in its capacity as
such in respect of the Tranche C Loans or otherwise in respect of the Tranche C
Facility.

          "TRANCHE C SECURED OBLIGATIONS" means, in the case of the Borrower,
the Tranche C Obligations, and, in the case of any other Loan Party, the
obligations, covenants and duties owing by such Loan Party to any Tranche C
Lender in its capacity as such or any of its affiliated Indemnitees in respect
of the Tranche C Facility arising under the guaranty of the

                                       45
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

Tranche C Obligations set forth in the Guaranty or otherwise arising under the
Guaranty or any other Loan Document to which such Loan Party is a party.

          "TRANCHE C SECURED PARTIES" means the Tranche C Lenders and any other
holder of any Tranche C Secured Obligation.

          "TRANSACTIONS" means the transactions contemplated in connection with
the Sponsor's Equity Investment, the closing of the Facilities, the issuance of
the Subordinated Notes, the consummation of the Prestige Acquisition and the
consummation on the Closing Date of the other transactions contemplated by the
Closing Date Related Documents on such Closing Date.

          "UCC" has the meaning specified in the Pledge and Security Agreement.

          "ULTIMATE PARENT" means Prestige International Holdings, LLC (formerly
known as Medtech/Denorex LLC), a Delaware limited liability company.

          "UNFINANCED CAPITAL EXPENDITURES" means, with respect to any Person
for any period, the Capital Expenditures of such Person in such period other
than the portion of such Capital Expenditures financed with the net cash
proceeds of (a) Capital Leases or other Indebtedness (other than any Secured
Obligation or any Subordinated Debt) of the Parent or any of its Subsidiaries,
(b) Equity Issuances or (c) Reinvestment Events; PROVIDED, HOWEVER, that, (x) in
the case of Capital Leases, Indebtedness and Equity Issuances, the incurrence
thereof is permitted under this Agreement and the receipt of such Net Cash
Proceeds does not cause a mandatory prepayment of the Obligations pursuant to
SECTION 2.9 (MANDATORY PREPAYMENTS) and (y) in the case of Reinvestment Events,
to the extent the financing of Capital Expenditures with the Net Cash Proceeds
thereof is a Permitted Reinvestment of such Net Cash Proceeds permitted pursuant
to SECTION 2.9(e) (MANDATORY PREPAYMENTS).

          "UNUSED COMMITMENT FEE" has the meaning specified in SECTION 2.12
(FEES).

          "U.S. LENDER" means each Lender, Issuer or Agent that is a Domestic
Person.

          "VOTING STOCK" means Stock of any Person having ordinary power to vote
in the election of members of the board of directors, managers, trustees or
other controlling Persons, of such Person (irrespective of whether, at the time,
Stock of any other class or classes of such entity shall have or might have
voting power by reason of the happening of any contingency).

          "WHOLLY-OWNED SUBSIDIARY" of any Person means any Subsidiary of such
Person, all of the Stock of which (other than Nominal Shares) is owned by such
Person, either directly or indirectly through one or more Wholly-Owned
Subsidiaries of such Person.

          "WITHDRAWAL LIABILITY" means, with respect to the Parent or any of its
Subsidiaries at any time, the aggregate liability incurred (whether or not
assessed) with respect to all Multiemployer Plans pursuant to Section 4201 of
ERISA or for increases in contributions required to be made pursuant to Section
4243 of ERISA.

          "WORKING CAPITAL" means, for any Person at any date, the amount, if
any, by which the Consolidated Current Assets of such Person at such date
exceeds the Consolidated Current Liabilities of such Person at such date.

                                       46
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          SECTION 1.2    COMPUTATION OF TIME PERIODS

          In this Agreement, in the computation of periods of time from a
specified date to a later specified date, the word "FROM" means "FROM AND
INCLUDING" and the words "TO" and "UNTIL" each mean "TO BUT EXCLUDING" and the
word "THROUGH" means "TO AND INCLUDING."

          SECTION 1.3    ACCOUNTING TERMS AND PRINCIPLES

          (a)  Except as set forth below, all accounting terms not specifically
defined herein shall be construed in conformity with GAAP and all accounting
determinations required to be made pursuant hereto (including for purpose of
measuring compliance with ARTICLE V (FINANCIAL COVENANTS) shall, unless
expressly otherwise provided herein, be made in conformity with GAAP, except for
the use of purchase accounting principles (as set forth in Statements 16 (Prior
Period Adjustments) and 17 (Accounting for Leases) of the U.S. Financial Account
Standards Board and the U.S. Statements of Financial Accounting Standards 142
(regarding the elimination of goodwill amortization) and 143 (regarding
accounting for asset-retirement obligations)) and for the classification as
liabilities mandatorily redeemable Stock and other debt-like financial
instruments (as set forth in the U.S. Statement of Financial Accounting Standard
150).

          (b)  If any change in the accounting principles used in the
preparation of the most recent Financial Statements referred to in SECTION 6.1
(FINANCIAL STATEMENTS) is hereafter required or permitted by the rules,
regulations, pronouncements and opinions of the Financial Accounting Standards
Board or the American Institute of Certified Public Accountants (or any
successors thereto) and such change is adopted by the Parent or any of its
Subsidiaries with the agreement of the Borrower's Accountants and results in a
change in any of the calculations required by ARTICLE V (FINANCIAL COVENANTS) or
VIII (NEGATIVE COVENANTS) that would not have resulted had such accounting
change not occurred, the parties hereto agree to enter into negotiations in
order to amend such provisions so as to equitably reflect such change such that
the criteria for evaluating compliance with such covenants shall be the same
after such change as if such change had not been made; PROVIDED, HOWEVER, that
no change in GAAP that would affect a calculation that measures compliance with
any covenant contained in ARTICLE V (FINANCIAL COVENANTS) or VIII (NEGATIVE
COVENANTS) shall be given effect until such provisions are amended to reflect
such changes in GAAP.

          (c)  For purposes of making all financial calculations to determine
compliance with ARTICLE V (FINANCIAL COVENANTS), all components of such
calculations (other than Capital Expenditures and taxes for Fixed Charges) shall
be adjusted to include or exclude, as the case may be, without duplication, such
components of such calculations attributable to any business or assets that have
been acquired by the Parent or any of its Subsidiaries (including through any
Acquisition or Permitted Acquisition) or that have been sold pursuant to any
Sale of Business either (i) on or before the Closing Date or (ii) after the
first day of the applicable period of determination and prior to the end of such
period, in each case as determined in good faith by the Parent on a Pro Forma
Basis.

          SECTION 1.4    CONVERSION OF FOREIGN CURRENCIES

          (a)  FINANCIAL COVENANT DEBT. Financial Covenant Debt denominated in
any currency other than Dollars shall be calculated using the Dollar Equivalent
thereof as of the date of the Financial Statements on which such Financial
Covenant Debt is reflected.

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          (b)  DOLLAR EQUIVALENTS. The Administrative Agent shall determine the
Dollar Equivalent of any amount as required hereby, and a determination thereof
by the Administrative Agent shall be conclusive absent manifest error. The
Administrative Agent may, but shall not be obligated to, rely on any
determination made by any Loan Party in any document delivered to the
Administrative Agent. The Administrative Agent may determine or redetermine the
Dollar Equivalent of any amount on any date either in its own discretion or upon
the request of any Lender or Issuer.

          (c)  ROUNDING-OFF. The Administrative Agent may set up appropriate
rounding off mechanisms or otherwise round-off amounts hereunder to the nearest
higher or lower amount in whole Dollar or cent to ensure amounts owing by any
party hereunder or that otherwise need to be calculated or converted hereunder
are expressed in whole Dollars or in whole cents, as may be necessary or
appropriate.

          SECTION 1.5    CERTAIN TERMS

          (a)  The terms "HEREIN," "HEREOF", "HERETO" and "HEREUNDER" and
similar terms refer to this Agreement as a whole and not to any particular
Article, Section, subsection or clause in, this Agreement.

          (b)  Unless otherwise expressly indicated herein, (i) references in
this Agreement to an Exhibit, Schedule, Article, Section, clause or sub-clause
refer to the appropriate Exhibit or Schedule to, or Article, Section, clause or
sub-clause in this Agreement and (ii) the words "ABOVE" and "BELOW", when
following a reference to a clause or a sub-clause of any Loan Document, refer to
a clause or sub-clause within, respectively, the same Section or clause.

          (c)  Each agreement defined in this ARTICLE I shall include all
appendices, exhibits and schedules thereto. Unless the prior written consent of
the Requisite Lenders or any Agent is required hereunder or under the
Intercreditor Agreement for an amendment, restatement, supplement or other
modification to any such agreement and such consent is not obtained, references
in this Agreement to such agreement shall be to such agreement as so amended,
restated, supplemented or modified.

          (d)  References in this Agreement to any Requirement of Law shall be
to such Requirement of Law as amended or modified from time to time and to any
successor legislation thereto, in each case as in effect at the time any such
reference is operative.

          (e)  The term "INCLUDING" when used in any Loan Document means
"INCLUDING WITHOUT LIMITATION" except when used in the computation of time
periods.

          (f)  The terms "LENDER," "REVOLVING CREDIT LENDER," "TRANCHE B
LENDER," "TRANCHE C LENDER," "ISSUER," "AGENT," "COLLATERAL AGENT,"
"ADMINISTRATIVE AGENT," "TRANCHE C AGENT," "SYNDICATION AGENT" and
"DOCUMENTATION AGENT" include, without limitation, their respective successors.

          (g)  Upon the appointment of any successor Administrative Agent
pursuant to SECTION 10.7 (SUCCESSOR ADMINISTRATIVE AGENT), references to
Citicorp in SECTION 10.4 (EACH AGENT INDIVIDUALLY) and to Citibank in the
definitions of Base Rate, Dollar Equivalent and Eurodollar Rate shall be deemed
to refer to the financial institution then acting as the Administrative Agent or
one of its Affiliates if it so designates.

                                       48
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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

                                   ARTICLE II

                                 THE FACILITIES

          SECTION 2.1    THE COMMITMENTS

          (a)  REVOLVING CREDIT COMMITMENTS. On the terms and subject to the
conditions contained in this Agreement, each Revolving Credit Lender severally
agrees to make loans in Dollars (each a "REVOLVING LOAN") to the Borrower from
time to time on any Business Day during the period from the date hereof until
the Revolving Credit Termination Date in an aggregate principal amount at any
time outstanding for all such loans by such Revolving Credit Lender not to
exceed such Revolving Credit Lender's Revolving Credit Commitment; PROVIDED,
HOWEVER, that at no time shall any Revolving Credit Lender be obligated to make
a Revolving Loan in excess of such Revolving Credit Lender's Ratable Portion of
the Available Credit. Within the limits of the Revolving Credit Commitment of
each Revolving Credit Lender, amounts of Revolving Loans repaid may be
reborrowed under this SECTION 2.1.

          (b)  TERM LOAN COMMITMENTS

               (i)    On the terms and subject to the conditions contained in
     this Agreement, each Tranche B Lender severally agrees to make a loan in
     Dollars to the Borrower on the Closing Date in an amount not to exceed such
     Lender's Tranche B Commitment on such date.

               (ii)   Each Lender (or Affiliate or Approved Fund thereof) or
     Eligible Assignee having, in its sole discretion, committed to a Facilities
     Increase shall agree as part of such commitment that, on the Facilities
     Increase Date for such Facilities Increase of the Tranche B Facility, on
     the terms and subject to the conditions set forth in its commitment
     therefor or otherwise agreed to as part of such commitment or set forth in
     this Agreement as amended in connection with such Facilities Increase, such
     Lender, Affiliate, Approved Fund or Eligible Assignee shall make a loan in
     Dollars to the Borrower in an amount not to exceed such commitment to such
     Facilities Increase.

               (iii)  On the terms and subject to the conditions contained in
     this Agreement, each Tranche C Lender severally agrees to make a loan in
     Dollars to the Borrower on the Closing Date, in an amount not to exceed
     such Lender's Tranche C Commitment on such date.

               (iv)   Amounts of Term Loans prepaid may not be reborrowed.

          (c)  FACILITIES INCREASE

               (i)    The Borrower shall have the right to send to the
     Administrative Agent, after the Closing Date, a Facilities Increase Notice
     to request an increase (each a "FACILITIES INCREASE") in the aggregate
     Revolving Credit Commitments or the disbursement of additional Tranche B
     Loans in excess of the Tranche B Loans disbursed on the Closing Date, in a
     principal amount not to exceed $150,000,000 in the aggregate for all such
     requests; PROVIDED, HOWEVER, that (A) no Facilities Increase in the
     Revolving Credit Facility shall be effective later than one year prior to
     the Scheduled Termination Date, (B) no Facilities Increase in the Tranche B
     Facility shall be effective later than

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

     three years prior to the Tranche B Maturity Date, (C) no Facilities
     Increase shall be effective earlier than 10 days after the delivery of the
     Facilities Increase Notice to the Administrative Agent in respect of such
     Facilities Increase and (D) no more than three Facilities Increases shall
     be made pursuant to this CLAUSE (c). Nothing in this Agreement shall be
     construed to obligate any Lender to negotiate for (whether or not in good
     faith), solicit, provide or consent to any increase in the Commitments, and
     any such increase may be subject to changes in any term herein.

               (ii)   The Administrative Agent shall promptly notify each Lender
     of the proposed Facilities Increase and of the proposed terms and
     conditions therefor agreed between the Borrower and the Administrative
     Agent. Each such Lender (and each of their Affiliates and Approved Funds)
     may, in its sole discretion, commit to participate in such Facilities
     Increase by forwarding its commitment to the Administrative Agent therefor
     in form and substance satisfactory to the Administrative Agent. The
     Administrative Agent shall allocate, in its sole discretion but in amounts
     not to exceed for each such Lender the commitment received from such
     Lender, Affiliate or Approved Fund, the Commitments to be made as part of
     the Facilities Increase to the Lenders from which it has received such
     written commitments. If the Administrative Agent does not receive enough
     commitments from existing Lenders or their Affiliates or Approved Funds, it
     may, after consultation with the Borrower, allocate to Eligible Assignees
     any excess of the proposed amount of such Facilities Increase agreed with
     the Borrower over the aggregate amounts of the commitments received from
     existing Lenders.

               (iii)  Each Facilities Increase shall become effective on a date
     agreed by the Borrower and the Administrative Agent (each a "FACILITIES
     INCREASE DATE"), which shall be in any case on or after the date of
     satisfaction of the conditions precedent set forth in SECTION 3.3
     (CONDITIONS PRECEDENT TO EACH FACILITIES INCREASE). The Administrative
     Agent shall notify the Lenders and the Borrower, on or before 1:00 P.M.
     (New York City time) on the day following the Facilities Increase Date of
     the effectiveness of the Facilities Increase on the Facilities Increase
     Date and shall record in the Register all applicable additional information
     in respect of such Facilities Increase.

               (iv)   On the Facilities Increase Date for any Facilities
     Increase in the Revolving Credit Facility, each Lender or Eligible Assignee
     participating in such Facilities Increase shall purchase from each existing
     Revolving Credit Lender having Revolving Loans outstanding on such
     Facilities Increase Date, without recourse or warranty, an undivided
     interest and participation, to the extent of such Revolving Credit Lender's
     Ratable Portion of the new Revolving Credit Commitments (after giving
     effect to such Facilities Increase), in the aggregate outstanding Revolving
     Loans, so as to ensure that, on the Facilities Increase Date after giving
     effect to such Facilities Increase, each Revolving Credit Lender is owed
     only its Ratable Portion of the Revolving Loans outstanding on such
     Facilities Increase Date.

          SECTION 2.2    BORROWING PROCEDURES

          (a)  Each Borrowing shall be made on notice given by the Borrower to
the Administrative Agent not later than 11:00 a.m. (New York time) (i) on the
date of the proposed Borrowing, which shall be a Business Day, in the case of a
Borrowing of Base Rate Loans and (ii) three Business Days, in the case of a
Borrowing of Eurodollar Rate Loans, prior to the date of the proposed Borrowing.
Each such notice shall be in substantially the form of EXHIBIT C (FORM

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

OF NOTICE OF BORROWING) (a "NOTICE OF BORROWING"), specifying (A) the date of
such proposed Borrowing (which, in the case of a Term Loan Borrowing that is not
made as part of a Facilities Increase, shall be the Closing Date and, in the
case of any Term Loan Borrowing that is made as part of a Facilities Increase,
shall be the Facilities Increase Date for such Facilities Increase), (B) the
aggregate amount of such proposed Borrowing, (C) whether any portion of the
proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans and (D)
for each Eurodollar Rate Loan, the initial Interest Period or Periods thereof.
Loans shall be made as Base Rate Loans unless, subject to SECTION 2.14 (SPECIAL
PROVISIONS GOVERNING EURODOLLAR RATE LOANS), the Notice of Borrowing specifies
that all or a portion thereof shall be Eurodollar Rate Loans. Notwithstanding
anything to the contrary contained in SECTION 2.3(a) (SWING LOANS), if any
Notice of Borrowing requests a Revolving Credit Borrowing of Base Rate Loans,
the Administrative Agent may make a Swing Loan available to the Borrower in an
aggregate amount not to exceed such proposed Revolving Credit Borrowing, and the
aggregate amount of the corresponding proposed Revolving Credit Borrowing shall
be reduced accordingly by the principal amount of such Swing Loan. Each
Borrowing shall be in an aggregate amount of not less than $1,000,000 or an
integral multiple of $100,000 in excess thereof.

          (b)  The Administrative Agent shall give to each Lender prompt notice
of the Administrative Agent's receipt of a Notice of Borrowing and, if
Eurodollar Rate Loans are properly requested in such Notice of Borrowing, the
applicable interest rate determined pursuant to SECTION 2.14(a) (DETERMINATION
OF INTEREST RATE). Each Lender shall, before 11:00 a.m. (New York time) on the
date of the proposed Borrowing, make available to the Administrative Agent at
its address referred to in SECTION 11.8 (NOTICES, ETC.), in immediately
available funds, such Lender's Ratable Portion of such proposed Borrowing. Upon
fulfillment (or due waiver in accordance with SECTION 11.1 (AMENDMENTS, WAIVERS,
ETC.)) (i) on the Closing Date, of the applicable conditions set forth in
SECTION 3.1 (CONDITIONS PRECEDENT TO INITIAL LOANS AND LETTERS OF CREDIT) and
(ii) at any time (including the Closing Date), of the applicable conditions set
forth in SECTION 3.2 (CONDITIONS PRECEDENT TO EACH LOAN AND LETTER OF CREDIT),
and after the Administrative Agent's receipt of such funds, the Administrative
Agent shall make such funds available to the Borrower.

          (c)  Unless the Administrative Agent shall have received notice from a
Lender prior to the date of any proposed Borrowing that such Lender will not
make available to the Administrative Agent such Lender's Ratable Portion of such
Borrowing (or any portion thereof), the Administrative Agent may assume that
such Lender has made such Ratable Portion available to the Administrative Agent
on the date of such Borrowing in accordance with this SECTION 2.2 and the
Administrative Agent may, in reliance upon such assumption, make available to
the Borrower on such date a corresponding amount. If and to the extent that such
Lender shall not have so made such Ratable Portion available to the
Administrative Agent, such Lender and the Borrower severally agree to repay to
the Administrative Agent forthwith on demand (and, in the case of the Borrower,
within three Business Days after receipt of such demand) such corresponding
amount together with interest thereon, for each day from the date such amount is
made available to the Borrower until the date such amount is repaid to the
Administrative Agent, at (i) in the case of the Borrower, the interest rate
applicable at the time to the Loans comprising such Borrowing and (ii) in the
case of such Lender, the Federal Funds Rate for the first Business Day and
thereafter at the interest rate applicable at the time to the Loans comprising
such Borrowing. If such Lender shall repay to the Administrative Agent such
corresponding amount, such corresponding amount so repaid shall constitute such
Lender's Loan as part of such Borrowing for purposes of this Agreement. If the
Borrower shall repay to the Administrative

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

Agent such corresponding amount, such payment shall not relieve such Lender of
any obligation it may have hereunder to the Borrower.

          (d)  The failure of any Lender to make on the date specified any Loan
or any payment required by it (such Lender being a "NON-FUNDING LENDER"),
including any payment in respect of its participation in Swing Loans and Letter
of Credit Obligations, shall not relieve any other Lender of its obligations to
make such Loan or payment on such date but no such other Lender shall be
responsible for the failure of any Non-Funding Lender to make a Loan or payment
required under this Agreement.

          SECTION 2.3    SWING LOANS

          (a)  On the terms and subject to the conditions contained in this
Agreement, the Swing Loan Lender may, in its sole discretion, make, in Dollars,
loans (each a "SWING LOAN") otherwise available to the Borrower under the
Revolving Credit Facility from time to time on any Business Day during the
period from the date hereof until the Revolving Credit Termination Date in an
aggregate principal amount at any time outstanding (together with the aggregate
outstanding principal amount of any other Loan made by the Swing Loan Lender
hereunder in its capacity as a Lender or the Swing Loan Lender) not to exceed
the Swing Loan Sublimit; PROVIDED, HOWEVER, that at no time shall the Swing Loan
Lender make any Swing Loan in excess of the Available Credit. Each Swing Loan
shall be a Base Rate Loan and must be paid in full upon any Revolving Credit
Borrowing hereunder and shall in any event mature no later than the Revolving
Credit Termination Date. Within the limits set forth in the first sentence of
this CLAUSE (a), amounts of Swing Loans repaid may be reborrowed under this
CLAUSE (a).

          (b)  In order to request a Swing Loan, the Borrower shall telecopy (or
forward by electronic mail or similar means) to the Administrative Agent a duly
completed request in substantially the form of EXHIBIT D (FORM OF SWING LOAN
REQUEST), setting forth the requested amount and date of such Swing Loan (a
"SWING LOAN REQUEST"), to be received by the Administrative Agent not later than
1:00 p.m. (New York time) on the day of the proposed borrowing. The
Administrative Agent shall promptly notify the Swing Loan Lender of the details
of the requested Swing Loan. Subject to the terms of this Agreement, the Swing
Loan Lender may make a Swing Loan available to the Administrative Agent and, in
turn, the Administrative Agent shall make such amounts available to the Borrower
on the date of the relevant Swing Loan Request. The Swing Loan Lender shall not
make any Swing Loan in the period commencing on the first Business Day after it
receives written notice from the Administrative Agent or any Revolving Credit
Lender that one or more of the conditions precedent contained in SECTION 3.2
(CONDITIONS PRECEDENT TO EACH LOAN AND LETTER OF CREDIT) shall not on such date
be satisfied, and ending when such conditions are satisfied. The Swing Loan
Lender shall not otherwise be required to determine that, or take notice
whether, the conditions precedent set forth in SECTION 3.2 (CONDITIONS PRECEDENT
TO EACH LOAN AND LETTER OF CREDIT) have been satisfied in connection with the
making of any Swing Loan.

          (c)  The Swing Loan Lender shall notify the Administrative Agent in
writing (which writing may be a telecopy or electronic mail) weekly, by no later
than 10:00 a.m. (New York time) on the first Business Day of each week, of the
aggregate principal amount of its Swing Loans then outstanding.

          (d)  The Swing Loan Lender may demand at any time that each Revolving
Credit Lender pay to the Administrative Agent, for the account of the Swing Loan
Lender, in the

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

manner provided in CLAUSE (e) below, such Revolving Credit Lender's Ratable
Portion of all or a portion of the outstanding Swing Loans, which demand shall
be made through the Administrative Agent, shall be in writing and shall specify
the outstanding principal amount of Swing Loans demanded to be paid.

          (e)  The Administrative Agent shall forward each notice referred to in
CLAUSE (c) above and each demand referred to in CLAUSE (d) above to each
Revolving Credit Lender on the day such notice or such demand is received by the
Administrative Agent (except that any such notice or demand received by the
Administrative Agent after 2:00 p.m. (New York time) on any Business Day or any
such demand received on a day that is not a Business Day shall not be required
to be forwarded to the Revolving Credit Lenders by the Administrative Agent
until the next succeeding Business Day), together with a statement prepared by
the Administrative Agent specifying the amount of each Revolving Credit Lender's
Ratable Portion of the aggregate principal amount of the Swing Loans stated to
be outstanding in such notice or demanded to be paid pursuant to such demand,
and, notwithstanding whether or not the conditions precedent set forth in
SECTIONS 3.2 (CONDITIONS PRECEDENT TO EACH LOAN AND LETTER OF CREDIT) and 2.1(a)
(THE COMMITMENTS) shall have been satisfied (which conditions precedent the
Revolving Credit Lenders hereby irrevocably waive), each Revolving Credit Lender
shall, before 11:00 a.m. (New York time) on the Business Day next succeeding the
date of such Revolving Credit Lender's receipt of such notice or demand, make
available to the Administrative Agent, in immediately available funds, for the
account of the Swing Loan Lender, the amount specified in such statement. Upon
such payment by a Revolving Credit Lender, such Revolving Credit Lender shall,
except as provided in CLAUSE (f) below, be deemed to have made a Revolving Loan
to the Borrower. The Administrative Agent shall use such funds to repay the
Swing Loans to the Swing Loan Lender. To the extent that any Revolving Credit
Lender fails to make such payment available to the Administrative Agent for the
account of the Swing Loan Lender, the Borrower shall repay such Swing Loan on
demand.

          (f)  Upon the occurrence of a Default under CLAUSE (ii) or (iii) of
SECTION 9.1(f) (EVENTS OF DEFAULT), each Revolving Credit Lender shall acquire,
without recourse or warranty, an undivided participation in each Swing Loan
otherwise required to be repaid by such Revolving Credit Lender pursuant to
CLAUSE (e) above, which participation shall be in a principal amount equal to
such Revolving Credit Lender's Ratable Portion of such Swing Loan, by paying to
the Swing Loan Lender on the date on which such Revolving Credit Lender would
otherwise have been required to make a payment in respect of such Swing Loan
pursuant to CLAUSE (e) above, in immediately available funds, an amount equal to
such Revolving Credit Lender's Ratable Portion of such Swing Loan. If all or
part of such amount is not in fact made available by such Revolving Credit
Lender to the Swing Loan Lender on such date, the Swing Loan Lender shall be
entitled to recover any such unpaid amount on demand from such Revolving Credit
Lender together with interest accrued from such date at the Federal Funds Rate
for the first Business Day after such payment was due and thereafter at the rate
of interest then applicable to Base Rate Loans.

          (g)  From and after the date on which any Revolving Credit Lender (i)
is deemed to have made a Revolving Loan pursuant to CLAUSE (e) above with
respect to any Swing Loan or (ii) purchases an undivided participation interest
in a Swing Loan pursuant to CLAUSE (f) above, the Swing Loan Lender shall
promptly distribute to such Revolving Credit Lender such Revolving Credit
Lender's Ratable Portion of all payments of principal of and interest received

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

by the Swing Loan Lender on account of such Swing Loan other than those received
from a Revolving Credit Lender pursuant to CLAUSE (e) or (f) above.

          SECTION 2.4    LETTERS OF CREDIT

          (a)  On the terms and subject to the conditions contained in this
Agreement, each Issuer agrees to Issue at the request of the Borrower and for
the account of the Borrower one or more Letters of Credit from time to time on
any Business Day during the period commencing on the Closing Date and ending on
the earlier of the Revolving Credit Termination Date and 30 days prior to the
Scheduled Termination Date; PROVIDED, HOWEVER, that no Issuer shall be under any
obligation to Issue (and, upon the occurrence of any of the events described in
CLAUSES (ii), (iii), (iv), (v), AND (vi)(A) below, shall not Issue) any Letter
of Credit upon the occurrence of any of the following:

               (i)    any order, judgment or decree of any Governmental
     Authority or arbitrator shall purport by its terms to enjoin or restrain
     such Issuer from Issuing such Letter of Credit or any Requirement of Law
     applicable to such Issuer or any request or directive (whether or not
     having the force of law) from any Governmental Authority with jurisdiction
     over such Issuer shall prohibit, or request that such Issuer refrain from,
     the Issuance of letters of credit generally or such Letter of Credit in
     particular or shall impose upon such Issuer with respect to such Letter of
     Credit any restriction or reserve or capital requirement (for which such
     Issuer is not otherwise compensated) not in effect on the date of this
     Agreement or result in any unreimbursed loss, cost or expense that was not
     applicable, in effect or known to such Issuer as of the date of this
     Agreement and that such Issuer in good faith deems material to it;

               (ii)   such Issuer shall have received any written notice of the
     type described in CLAUSE (d) below;

               (iii)  after giving effect to the Issuance of such Letter of
     Credit, the aggregate Revolving Credit Outstandings would exceed the
     aggregate Revolving Credit Commitments in effect at such time;

               (iv)   after giving effect to the Issuance of such Letter of
     Credit, the sum of (i) the Letter of Credit Undrawn Amounts at such time
     and (ii) the Reimbursement Obligations at such time exceeds the Letter of
     Credit Sublimit;

               (v)    such Letter of Credit is requested to be denominated in
     any currency other than Dollars; or

               (vi)   (A) any fees due in connection with a requested Issuance
     have not been paid, (B) such Letter of Credit is requested to be Issued in
     a form that is not acceptable to such Issuer or (C) the Issuer for such
     Letter of Credit shall not have received, in form and substance reasonably
     acceptable to it and, if applicable, duly executed by such Borrower,
     applications, agreements and other documentation (collectively, a "LETTER
     OF CREDIT REIMBURSEMENT AGREEMENT") such Issuer generally employs in the
     ordinary course of its business for the Issuance of letters of credit of
     the type of such Letter of Credit.

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

None of the Revolving Credit Lenders (other than the Issuers in their capacity
as such) shall have any obligation to Issue any Letter of Credit.

          (b)  In no event shall the expiration date of any Letter of Credit (i)
be more than one year after the date of issuance thereof or (ii) be less than
five Business Days prior to the Scheduled Termination Date; PROVIDED, HOWEVER,
that any Letter of Credit with a term less than or equal to one year may provide
for the renewal thereof for additional periods less than or equal to one year,
as long as, (x) on or before the expiration of each such term and each such
period, the Borrower and the Issuer of such Letter or Credit shall have the
option to prevent such renewal and (y) the Borrower shall not permit any such
renewal to extend the expiration date of any Letter beyond the date set forth in
CLAUSE (ii) above.

          (c)  In connection with the Issuance of each Letter of Credit, the
Borrower shall give the relevant Issuer and the Administrative Agent at least
two Business Days' prior written notice, in substantially the form of EXHIBIT E
(FORM OF LETTER OF CREDIT REQUEST) (or in such other written or electronic form
as is acceptable to the Issuer), of the requested Issuance of such Letter of
Credit (a "LETTER OF CREDIT REQUEST"). Such notice shall be irrevocable and
shall specify the Issuer of such Letter of Credit, the face amount of the Letter
of Credit requested (which shall not be less than $50,000), the date of Issuance
of such requested Letter of Credit, the date on which such Letter of Credit is
to expire (which date shall be a Business Day) and, in the case of an issuance,
the Person for whose benefit the requested Letter of Credit is to be issued.
Such notice, to be effective, must be received by the relevant Issuer and the
Administrative Agent not later than 11:00 a.m. (New York time) on the second
Business Day prior to the requested Issuance of such Letter of Credit.

          (d)  Subject to the satisfaction of the conditions set forth in this
SECTION 2.4, the relevant Issuer shall, on the requested date, Issue a Letter of
Credit on behalf of the Borrower in accordance with such Issuer's usual and
customary business practices. No Issuer shall Issue any Letter of Credit in the
period commencing on the first Business Day after it receives written notice
from any Revolving Credit Lender that one or more of the conditions precedent
contained in SECTION 3.2 (CONDITIONS PRECEDENT TO EACH LOAN AND LETTER OF
CREDIT) or CLAUSE (a) above (other than those conditions set forth in CLAUSES
(a)(i), (a)(vi)(B) and (C) above and, to the extent such clause relates to fees
owing to the Issuer of such Letter of Credit and its Affiliates, CLAUSE
(a)(vi)(A) above) are not on such date satisfied or duly waived and ending when
such conditions are satisfied or duly waived. No Issuer shall otherwise be
required to determine that, or take notice whether, the conditions precedent set
forth in SECTION 3.2 (CONDITIONS PRECEDENT TO EACH LOAN AND LETTER OF CREDIT)
have been satisfied in connection with the Issuance of any Letter of Credit.

          (e)  The Borrower agrees that, if requested by the Issuer of any
Letter of Credit, it shall execute a Letter of Credit Reimbursement Agreement in
respect to any Letter of Credit Issued hereunder. In the event of any conflict
between the terms of any Letter of Credit Reimbursement Agreement and this
Agreement, the terms of this Agreement shall govern.

          (f)  Each Issuer shall comply with the following:

               (i)    give the Administrative Agent written notice (or
     telephonic notice confirmed promptly thereafter in writing), which writing
     may be a telecopy or electronic mail, of the Issuance of any Letter of
     Credit Issued by it, of all drawings under any Letter of Credit Issued by
     it and of the payment (or the failure to pay when due) by

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

     the Borrower of any Reimbursement Obligation when due (which notice the
     Administrative Agent shall promptly transmit by telecopy, electronic mail
     or similar transmission to each Revolving Credit Lender);

               (ii)   upon the request of any Revolving Credit Lender, furnish
     to such Revolving Credit Lender copies of any Letter of Credit
     Reimbursement Agreement to which such Issuer is a party and such other
     documentation as may reasonably be requested by such Revolving Credit
     Lender; and

               (iii)  no later than 10 Business Days following the last day of
     each calendar month, provide to the Administrative Agent (and the
     Administrative Agent shall provide a copy to each Revolving Credit Lender
     requesting the same) and the Borrower separate schedules for Documentary
     Letters of Credit and Standby Letters of Credit issued by it, in form and
     substance reasonably satisfactory to the Administrative Agent, setting
     forth the aggregate Letter of Credit Obligations, in each case outstanding
     at the end of each month and any information requested by the Borrower or
     the Administrative Agent relating thereto.

          (g)  Immediately upon the issuance by an Issuer of a Letter of Credit
in accordance with the terms and conditions of this Agreement, such Issuer shall
be deemed to have sold and transferred to each Revolving Credit Lender, and each
Revolving Credit Lender shall be deemed irrevocably and unconditionally to have
purchased and received from such Issuer, without recourse or warranty, an
undivided interest and participation, to the extent of such Revolving Credit
Lender's Ratable Portion of the Revolving Credit Commitments, in such Letter of
Credit and the obligations of the Borrower with respect thereto (including all
Letter of Credit Obligations with respect thereto) and any security therefor and
guaranty pertaining thereto.

          (h)  The Borrower agrees to pay to the Issuer of any Letter of Credit
the amount of all Reimbursement Obligations owing to such Issuer under any
Letter of Credit issued for its account no later than the date that is the next
succeeding Business Day after the Borrower receives written notice from such
Issuer that payment has been made under such Letter of Credit (the
"REIMBURSEMENT DATE"), irrespective of any claim, set-off, defense or other
right that the Borrower may have at any time against such Issuer or any other
Person. In the event that any Issuer makes any payment under any Letter of
Credit and the Borrower shall not have repaid such amount to such Issuer
pursuant to this CLAUSE (h) or any such payment by the Borrower is rescinded or
set aside for any reason, such Reimbursement Obligation shall be payable on
demand with interest thereon computed (i) from the date on which such
Reimbursement Obligation arose to the Reimbursement Date, at the rate of
interest applicable during such period to Revolving Loans that are Base Rate
Loans and (ii) from the Reimbursement Date until the date of payment in full, at
the rate of interest applicable during such period to past due Revolving Loans
that are Base Rate Loans, and such Issuer shall promptly notify the
Administrative Agent, which shall promptly notify each Revolving Credit Lender
of such failure, and each Revolving Credit Lender shall promptly and
unconditionally pay to the Administrative Agent for the account of such Issuer
the amount of such Revolving Credit Lender's Ratable Portion of such payment in
immediately available Dollars. If the Administrative Agent so notifies such
Revolving Credit Lender prior to 11:00 a.m. (New York time) on any Business Day,
such Revolving Credit Lender shall make available to the Administrative Agent
for the account of such Issuer its Ratable Portion of the amount of such payment
on such Business Day in immediately available funds. Upon such payment by a
Revolving Credit Lender, such Revolving Credit Lender shall, except during the
continuance of a Default or Event of Default under SECTION 9.1(f) (EVENTS OF
DEFAULT)

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

and notwithstanding whether or not the conditions precedent set forth in SECTION
3.2 (CONDITIONS PRECEDENT TO EACH LOAN AND LETTER OF CREDIT) shall have been
satisfied (which conditions precedent the Revolving Credit Lenders hereby
irrevocably waive), be deemed to have made a Revolving Loan to the Borrower in
the principal amount of such payment. Whenever any Issuer receives from the
Borrower a payment of a Reimbursement Obligation as to which the Administrative
Agent has received for the account of such Issuer any payment from a Revolving
Credit Lender pursuant to this CLAUSE (h), such Issuer shall pay over to the
Administrative Agent any amount received in excess of such Reimbursement
Obligation and, upon receipt of such amount, the Administrative Agent shall
promptly pay over to each Revolving Credit Lender, in immediately available
funds, an amount equal to such Revolving Credit Lender's Ratable Portion of the
amount of such payment adjusted, if necessary, to reflect the respective amounts
the Revolving Credit Lenders have paid in respect of such Reimbursement
Obligation.

          (i)  If and to the extent such Revolving Credit Lender shall not have
so made its Ratable Portion of the amount of the payment required by CLAUSE (h)
above available to the Administrative Agent for the account of such Issuer, such
Revolving Credit Lender agrees to pay to the Administrative Agent for the
account of such Issuer forthwith on demand any such unpaid amount together with
interest thereon, for the first Business Day after payment was first due at the
Federal Funds Rate and, thereafter, until such amount is repaid to the
Administrative Agent for the account of such Issuer, at a rate per annum equal
to the rate applicable to Base Rate Loans under the Revolving Credit Facility.

          (j)  The Borrower's obligation to pay each Reimbursement Obligation
and the obligations of the Revolving Credit Lenders to make payments to the
Administrative Agent for the account of the Issuers with respect to Letters of
Credit shall be absolute, unconditional and irrevocable and shall be performed
strictly in accordance with the terms of this Agreement, under any and all
circumstances whatsoever, including the occurrence of any Default or Event of
Default, and irrespective of any of the following:

               (i)    any lack of validity or enforceability of any Letter of
     Credit or any Loan Document, or any term or provision therein;

               (ii)   any amendment or waiver of or any consent to departure
     from all or any of the provisions of any Letter of Credit or any Loan
     Document;

               (iii)  the existence of any claim, set off, defense or other
     right that the Borrower, any other party guaranteeing, or otherwise
     obligated with, the Borrower, any Subsidiary or other Affiliate thereof or
     any other Person may at any time have against the beneficiary under any
     Letter of Credit, any Issuer, the Administrative Agent or any Lender or any
     other Person, whether in connection with this Agreement, any other Loan
     Document or any other related or unrelated agreement or transaction;

               (iv)   any draft or other document presented under a Letter of
     Credit proving to be forged, fraudulent, invalid or insufficient in any
     respect or any statement therein being untrue or inaccurate in any respect;

               (v)    payment by the Issuer under a Letter of Credit against
     presentation of a draft or other document that does not comply with the
     terms of such Letter of Credit; and

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

               (vi)   any other act or omission to act or delay of any kind of
     the Issuer, the Lenders, the Administrative Agent or any other Person or
     any other event or circumstance whatsoever, whether or not similar to any
     of the foregoing, that might, but for the provisions of this SECTION 2.4,
     constitute a legal or equitable discharge of the Borrower's obligations
     hereunder.

Any action taken or omitted to be taken by the relevant Issuer under or in
connection with any Letter of Credit, if taken or omitted in the absence of
gross negligence or willful misconduct, shall not result in any liability of
such Issuer to the Borrower or any Lender. In determining whether drafts and
other documents presented under a Letter of Credit comply with the terms
thereof, the Issuer may accept documents that appear on their face to be in
order, without responsibility for further investigation, regardless of any
notice or information to the contrary and, in making any payment under any
Letter of Credit, the Issuer may rely exclusively on the documents presented to
it under such Letter of Credit as to any and all matters set forth therein,
including reliance on the amount of any draft presented under such Letter of
Credit, whether or not the amount due to the beneficiary thereunder equals the
amount of such draft and whether or not any document presented pursuant to such
Letter of Credit proves to be insufficient in any respect, if such document on
its face appears to be in order, and whether or not any other statement or any
other document presented pursuant to such Letter of Credit proves to be forged
or invalid or any statement therein proves to be inaccurate or untrue in any
respect whatsoever, and any noncompliance in any immaterial respect of the
documents presented under such Letter of Credit with the terms thereof shall, in
each case, be deemed not to constitute willful misconduct or gross negligence of
the Issuer.

          (k)  SCHEDULE 2.4 (EXISTING LETTERS OF CREDIT) contains a schedule of
certain letters of credit issued prior to the Closing Date by Merrill Lynch Bank
USA for the account of the Borrower, and the Borrower hereby assumes and
undertakes to repay all reimbursement and other obligations owing by the
Ultimate Parent to Merrill Lynch Bank USA in respect of such letters of credit.
On the Closing Date (i) such letters of credit, to the extent outstanding, shall
be automatically and without further action by the parties thereto converted to
Letters of Credit issued pursuant to this SECTION 2.4 for the account of the
Borrower and subject to the provisions hereof, and for this purpose the fees
specified in SECTION 2.12(b) (FEES) shall be payable (in substitution for any
fees set forth in the applicable letter of credit reimbursement agreements or
applications relating to such letters of credit) as if such letters of credit
had been issued on the Closing Date, (ii) the issuers of such Letters of Credit
shall be deemed to be "ISSUERS" hereunder solely for the purpose of maintaining
such letters of credit, for purposes of SECTION 2.16(f) relating to the
obligation to provide the appropriate forms, certificates and statements to the
Borrower and the Administrative Agent and updated as required by SECTION 2.16(f)
and for purposes of SECTION 2.7(b), relating to the entries to be made in the
Register, (iii) the Dollar Equivalent of the face amount of such letters of
credit shall be included in the calculation of Letter of Credit Obligations and
(iv) all liabilities of the Borrower with respect to such letters of credit
shall constitute Obligations. No letter of credit converted in accordance with
this CLAUSE (k) shall be amended, extended or renewed without the prior written
consent of the Administrative Agent.

          SECTION 2.5    TERMINATION OF THE COMMITMENTS

          (a)  The Borrower may, upon at least three Business Days' prior notice
to the Administrative Agent, terminate in whole or reduce in part ratably the
unused portions of the respective Revolving Credit Commitments of the Revolving
Credit Lenders or, prior to the Term Loan Commitment Termination Date for the
Term Loan Commitments in any Tranche, the

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unused portions of such Term Loan Commitments of the Term Loan Lenders in such
Tranche; PROVIDED, HOWEVER, that each partial reduction shall be in an aggregate
amount of not less than $5,000,000 or an integral multiple of $1,000,000 in
excess thereof and need not be ratable among the Facilities.

          (b)  The then current Revolving Credit Commitments shall be reduced on
each date on which a prepayment of Revolving Loans or Swing Loans is made (or
would be required to be made had the outstanding Revolving Loans and Swing Loans
equaled the Revolving Credit Commitments then in effect) pursuant to SECTION
2.9(a) (MANDATORY PREPAYMENTS) from the proceeds of any Asset Sale or Property
Loss Event, in each case in the amount of such prepayment (or of the prepayment
that would have been required) (and the Revolving Credit Commitment of each
Revolving Credit Lender shall be reduced by its Ratable Portion of such amount).

          (c)  Any unused Term Loan Commitment shall terminate on the Term Loan
Commitment Termination Date for such Term Loan Commitment. In addition, any
Revolving Credit Commitment entered into as part of a Facilities Increase shall
terminate on the earlier of (i) the Facilities Increase Date for such Revolving
Credit Commitment, (ii) any termination date expressly set forth in the
commitment letter for such commitment and (iii) the date agreed by the Borrower
and the Administrative Agent to be the date of termination of the commitments in
such Facilities Increase.

          SECTION 2.6    REPAYMENT OF LOANS

          (a)  The Borrower promises to repay the entire unpaid principal amount
of the Revolving Loans and the Swing Loans on the Scheduled Termination Date or
earlier, if otherwise required by the terms hereof.

          (b)  The Borrower promises to repay 0.25% (which repayment may be made
through the application of optional or mandatory prepayments to the extent
provided hereunder) of the initial principal amount of each Tranche B Loan made
under the Tranche B Facility, on the last Business Day of each calendar quarter
commencing on the first such day following the making of such Tranche B Loan;
PROVIDED, HOWEVER, that the Borrower shall repay the entire unpaid principal
amount of each Tranche B Loan on the Tranche B Maturity Date.

          (c)  The Borrower promises to repay the entire unpaid principal amount
of each Tranche C Loan on the Tranche C Maturity Date.

          SECTION 2.7    EVIDENCE OF DEBT

          (a)  Each Lender shall maintain in accordance with its usual practice
an account or accounts evidencing Indebtedness of the Borrower to such Lender
resulting from each Loan of such Lender from time to time, including the amounts
of principal and interest payable and paid to such Lender from time to time
under this Agreement.

          (b)  (i) The Administrative Agent, acting as agent of the Borrower
solely for this purpose and for tax purposes, shall establish and maintain at
its address referred to in SECTION 11.8 (NOTICES, ETC.) a record of ownership
(the "REGISTER") in which the Administrative Agent agrees to register by book
entry the Administrative Agent's, each Lender's and each Issuer's interest in
each Loan, each Letter of Credit and each Reimbursement Obligation, and in the
right

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to receive any payments hereunder and any assignment of any such interest or
rights. In addition, the Administrative Agent, acting as agent of the Borrower
solely for this purpose and for tax purposes, shall establish and maintain
accounts in the Register in accordance with its usual practice in which it shall
record (i) the names and addresses of the Lenders and the Issuers, (ii) the
Commitments of each Lender from time to time, (iii) the amount of each Loan made
and, if a Eurodollar Rate Loan, the Interest Period applicable thereto, (iv) the
amount of any principal or interest due and payable, and paid, by the Borrower
to, or for the account of, each Lender hereunder, (v) the amount that is due and
payable, and paid, by or on behalf of the Borrower to, or for the account of,
each Issuer, including the amount of Letter Credit Obligations (specifying the
amount of any Reimbursement Obligations) due and payable to an Issuer, and (vi)
the amount of any sum received by the Administrative Agent hereunder or under
any Loan Document from any Loan Party, whether such sum constitutes principal or
interest (and the type of Loan to which it applies), fees, expenses or other
amounts due under the Loan Documents and each Lender's and Issuer's, as the case
may be, share thereof, if applicable.

          (ii) Notwithstanding anything to the contrary contained in this
Agreement, the Loans (including the Notes evidencing such Loans) and the
Reimbursement Obligations are registered obligations and the right, title, and
interest of the Lenders and the Issuers and their assignees in and to such Loans
or Reimbursement Obligations, as the case may be, shall be transferable only
upon notation of such transfer in the Register. A Note shall only evidence the
Lender's or a registered assignee's right, title and interest in and to the
related Loan, and in no event is any such Note to be considered a bearer
instrument or obligation. This SECTION 2.7(b) and SECTION 11.2 shall be
construed so that the Loans and Reimbursement Obligations are at all times
maintained in "REGISTERED FORM" within the meaning of Sections 163(f), 871(h)(2)
and 881(c)(2) of the Code and any related regulations (or any successor
provisions of the Code or such regulations).

          (c)  The entries made in the Register and in the accounts therein
maintained pursuant to CLAUSES (a) and (b) above shall, to the extent permitted
by applicable law, be PRIMA FACIE evidence of the existence and amounts of the
obligations recorded therein; PROVIDED, HOWEVER, that the failure of any Lender
or the Administrative Agent to maintain such accounts or any error therein shall
not in any manner affect the obligations of the Borrower to repay the Loans in
accordance with their terms. In addition, the Loan Parties, the Administrative
Agent, the Lenders and the Issuers shall treat each Person whose name is
recorded in the Register as a Lender or as an Issuer, as applicable, for all
purposes of this Agreement. Information contained in the Register with respect
to any Lender or Issuer shall be available for inspection by the Borrower, the
Administrative Agent, such Lender or such Issuer at any reasonable time and from
time to time upon reasonable prior notice.

          (d)  Notwithstanding any other provision of the Agreement, in the
event that any Lender requests that the Borrower execute and deliver a
promissory note or notes payable to such Lender in order to evidence the
Indebtedness owing to such Lender by the Borrower hereunder, the Borrower shall
promptly execute and deliver a Note or Notes to such Lender evidencing any
Revolving Loans and Term Loans of any Tranche, as the case may be, of such
Lender, substantially in the forms of EXHIBIT B-1 (FORM OF REVOLVING CREDIT
NOTE) and EXHIBIT B-2 (FORM OF TERM NOTE), respectively.

          (e)  In each case where a Revolving Credit Lender purchases an
undivided participation interest in a Swing Loan pursuant to SECTION 2.3(f)
(SWING LOANS), the Swing Loan Lender shall (i) keep a register meeting the
requirements of Treasury Regulation section 5f.103-

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                                                                CREDIT AGREEMENT
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1(c) of each Revolving Credit Lender's entitlement to payments of principal and
interest with respect to each such Swing Loan and (ii) collect, prior to the
time such Revolving Credit Lender receives payment with respect to such Swing
Loan, from each such Revolving Credit Lender the appropriate forms,
certificates, and statements described in SECTION 2.16 (TAXES) (and updated as
required by such SECTION 2.16).

          SECTION 2.8    OPTIONAL PREPAYMENTS

          (a)  REVOLVING LOANS. The Borrower may prepay the outstanding
principal amount of the Revolving Loans and Swing Loans in whole or in part at
any time; PROVIDED, HOWEVER, that if any prepayment of any Eurodollar Rate Loan
is made by or on behalf of the Borrower other than on the last day of an
Interest Period for such Loan, the Borrower shall also pay any amount owing
pursuant to SECTION 2.14(e) (BREAKAGE COSTS).

          (b)  TERM LOANS. The Borrower may, upon at least two Business Days'
prior notice to the Administrative Agent stating the proposed date and aggregate
principal amount of the prepayment, prepay the outstanding principal amount of
the Term Loans of any Tranche, in whole or in part, together with accrued
interest to the date of such prepayment on the principal amount prepaid;
PROVIDED, HOWEVER, that (i) if any such prepayment is a prepayment of any
Eurodollar Rate Loan made by or on behalf of the Borrower other than on the last
day of an Interest Period for such Loan, the Borrower shall also pay any amounts
owing pursuant to SECTION 2.14(e) (BREAKAGE COSTS), (ii) each such prepayment
that is a partial prepayment shall be in an aggregate amount that is an integral
multiple of $1,000,000, (iii) no such prepayment shall be a prepayment of the
Tranche C Loans made prior to the payment in full of the First-Priority
Obligations, (iv) if any such prepayment is a prepayment of the Tranche C Loans,
the Borrower shall also pay to the Administrative Agent, for the benefit of the
Tranche C Lenders ratably, an amount equal to the Prepayment Percentage of the
principal amount of the Tranche C Loans so repaid and (v) any such partial
prepayment that is a prepayment of the Term Loans of any Tranche shall be
applied to first to reduce the next four remaining installments of such
outstanding principal amount of the Term Loans of such Tranche in the order of
their maturity and then to reduce the remaining installments thereof ratably.
Upon the giving of such notice of prepayment, the principal amount of the Term
Loans specified to be prepaid shall become due and payable on the date specified
for such prepayment.

          (c)  The Borrower shall have no right to prepay the principal amount
of any Revolving Loan or any Term Loan other than as provided in this SECTION
2.8.

          SECTION 2.9    MANDATORY PREPAYMENTS

          (a)  Within three Business Days after receipt by any Loan Party or any
Subsidiary of any Loan Party of Net Cash Proceeds (or, in the case of CLAUSE
(iii) below, upon the receipt by any Loan Party, or any Subsidiary of any Loan
Party of any proceeds of any "Asset Sale", as defined in such clause, within one
Business Day after the day such proceeds become subject to such clause) the
following shall occur:

               (i)    to the extent such Net Cash Proceeds arise from an Asset
     Sale, Property Loss Event or Debt Issuance, the Borrower (or, at the
     Borrower's option, any other Loan Party for the benefit of the Borrower)
     shall immediately prepay the Loans (or provide cash collateral in respect
     of Letters of Credit) in an amount equal to 100% of such Net Cash Proceeds;
     PROVIDED, HOWEVER, that:

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                                                                CREDIT AGREEMENT
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                      (A)   no such prepayment caused by the receipt of Net Cash
          Proceeds arising from an Asset Sale shall be required to the extent
          that the Dollar Equivalent of the sum of such Net Cash Proceeds and
          all other Net Cash Proceeds from Asset Sale received by the Parent or
          any of its Subsidiaries after the Closing Date does not exceed
          $5,000,000 (it being understood that a prepayment shall only be
          required of such excess to the extent such Dollar Equivalent exceeds
          $5,000,000);

                      (B)   as long as no Event of Default shall have occurred
          and be continuing, no such prepayment caused by the receipt of Net
          Cash Proceeds arising from any incurrence of Additional Subordinated
          Debt shall be required if (1) the Administrative Agent has received an
          Additional Subordinated Debt Notice with respect of such incurrence
          and (2) such Net Cash Proceeds are intended to be used substantially
          contemporaneously with such incurrence for the Permitted Acquisition
          set forth in such Additional Subordinated Debt Notice; PROVIDED,
          FURTHER, that, notwithstanding the foregoing, such prepayment shall be
          required (in the percentages set forth above) in an amount equal to
          the Net Cash Proceeds of the Additional Subordinated Debt not used to
          fund substantially contemporaneously with the issuance of such
          Additional Subordinated Debt the Permitted Acquisition identified in
          the corresponding Additional Subordinated Debt Notice; and

                      (C)   as long as no Event of Default shall have occurred
          and be continuing, no such prepayment caused by the receipt of Net
          Cash Proceeds arising from the disposition of any Investment in Stock
          or Stock Equivalents of Subsidiaries or Permitted Joint Ventures
          permitted to be made pursuant to CLAUSE (h), (m) or (n) of SECTION 8.3
          (INVESTMENTS) shall be required if, on the date of such Asset Sale,
          the Leverage Ratio of the Parent, calculated on a Pro Forma Basis
          after giving effect to such disposition and any repayment of
          Indebtedness to be made with the proceeds thereof, is less than 5.50
          to 1.00;

               (ii)   to the extent such Net Cash Proceeds arise from an Equity
     Issuance, the Borrower (or, at the Borrower's option, any other Loan Party
     for the benefit of the Borrower) shall immediately prepay the Loans (or
     provide cash collateral in respect of Letters of Credit) in an amount equal
     to (A) 50% of such Net Cash Proceeds or (B) if the Leverage Ratio of the
     Parent is less than 4.50 to 1 for the most recent four Fiscal Quarter
     period for which a Compliance Certificate has been delivered pursuant to
     SECTION 6.1(d) (REPORTING COVENANTS) ended prior to such Equity Issuance
     calculated PRO FORMA after giving effect to such Equity Issuance and any
     payment of Indebtedness to be made with the proceeds thereof, 0% of such
     Net Cash Proceeds; PROVIDED, HOWEVER, that no such prepayment shall be
     required pursuant to this CLAUSE (ii) because of the receipt of the Net
     Cash Proceeds of any Equity Issuance of Stock or Stock Equivalents (other
     than Disqualified Stock), (x) if such Equity Issuance is made to the
     Sponsor or to holders of the Stock of the Ultimate Parent that were holders
     of such Stock on the date hereof (after giving effect to the Transactions),
     and any other holder thereafter which is exercising existing pre-emptive
     rights or (y) if such Equity Issuance is made in connection with a
     Permitted Acquisition, Investments permitted under CLAUSE (h)(iii), (m) or
     (n) of SECTION 8.3 (INVESTMENTS), Capital Expenditures permitted hereunder
     or management buybacks permitted under SECTION 8.5(c)(iii) (RESTRICTED
     PAYMENTS); and PROVIDED, FURTHER, that,

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                                                                CREDIT AGREEMENT
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     notwithstanding CLAUSE (y) of the preceding proviso, such prepayment
     pursuant to CLAUSE (y) shall be required (in the percentages set forth
     above) in an amount equal to the amount of such Net Cash Proceeds that are
     not used for purposes identified in such CLAUSE (y) within 270 days after
     the date of the date of the consummation of such Equity Issuance
     (including, if the Permitted Acquisition identified in such Equity Issuance
     Notice has been abandoned, the use of such Net Cash Proceeds to consummate
     another Permitted Acquisition permitted hereunder); and

               (iii)  notwithstanding the foregoing in this CLAUSE (a) and
     notwithstanding CLAUSE (e) BELOW, at any time when any Loan Party, any
     Subsidiary of any Loan Party or any Joint Venture of any of them
     consummates any "ASSET SALE" or "EQUITY ISSUANCE", as defined in any
     Subordinated Notes Document (together with any word of similar applications
     defined in any Subordinated Debt Document or any Disqualified Stock
     Document), at any time when, and to the extent, in the absence of any
     requirement to prepay the Secured Obligations hereunder, the Borrower would
     be required to prepay, or make an offer to purchase, any Subordinated Debt
     or Disqualified Stock, the Borrower (or, at the Borrower's option, any
     other Loan Party for the benefit of the Borrower) shall immediately prepay
     the Loans (or provide cash collateral in respect of Letters of Credit) in
     an amount not to exceed the proceeds of such "Asset Sale".

Any such mandatory prepayment shall be applied in accordance with CLAUSE (c)
below.

          (b)  The Borrower (or, at the Borrower's option, any other Loan Party
for the benefit of the Borrower) shall prepay the Loans within 90 days after the
last day of each Fiscal Year beginning with the Fiscal Year 2005, in an amount
equal to the difference between (i) 50% of the Excess Cash Flow for such Fiscal
Year (or, in the case of Fiscal Year 2005, the period beginning on the Closing
Date and ending on the last day of such Fiscal Year) and (ii) optional cash
principal payments on the Loans made during such Fiscal Year (but only, in the
case of payment in respect of Revolving Loans, to the extent that the Revolving
Credit Commitments are permanently reduced by the amount of such payments);
PROVIDED, HOWEVER, that, if the Leverage Ratio of the Parent on the last day of
such Fiscal Year is less than 4.25 to 1, then no such prepayment shall be
required. Any such mandatory prepayment shall be applied in accordance with
CLAUSE (c) below.

          (c)  Subject to the provisions of SECTION 2.13(g) (PAYMENTS AND
COMPUTATIONS) and CLAUSE (e) below, any prepayments required to be applied in
accordance with this CLAUSE (c) shall be applied as follows: FIRST, to repay the
outstanding principal balance of the Tranche B Loans, until such Tranche B Loans
shall have been paid in full; SECOND, to repay the outstanding principal balance
of the Swing Loans until such Swing Loans shall have been paid in full; THIRD,
to repay the outstanding principal balance of the Revolving Loans until such
Revolving Loans shall have been paid in full; FOURTH, to provide cash collateral
for any Letter of Credit Obligations in an amount equal to 102% of such Letter
of Credit Obligations in the manner set forth in SECTION 9.3 (ACTIONS IN RESPECT
OF LETTERS OF CREDIT) until all such Letter of Credit Obligations have been
fully cash collateralized in the manner set forth therein; and THEN, to repay
the outstanding principal balance of all Tranche C Loans until such Tranche C
Loans shall have been paid in full; PROVIDED, HOWEVER, that, at any time prior
to the occurrence and continuation of any Event of Default, any mandatory
prepayment required by the receipt of Net Cash Proceeds of any Asset Sale
permitted under SECTION 8.4(j) (SALE OF ASSETS) of non-core assets previously
acquired as part of a Permitted Acquisition and with respect to which the
Administrative Agent has received a Permitted Acquisition Notice shall be first
applied to repay the Revolving Loans

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and Swing Loans in an amount not to exceed the amount identified in such
Permitted Acquisition Notice as part of a Borrowing the proceeds of which were
used consummate such Permitted Acquisition. If any mandatory prepayment of the
Tranche C Loans is required to be made pursuant to this CLAUSE (c) because of
the receipt of Net Cash Proceeds of any Equity Issuance or Debt Issuance, the
Borrower shall pay on the date of such prepayment to the Administrative Agent,
for the ratable benefit of the Tranche C Lenders, an additional amount equal to
the Prepayment Percentage of the principal amount of the Tranche C Loans so
repaid. All prepayments of the Term Loans of any Tranche made pursuant to this
CLAUSE (c) shall be applied FIRST to prepay the next four principal installments
of the Term Loans of such Tranche in order of their maturity and THEN to prepay
the remaining principal installments thereof ratably. All repayments of
Revolving Loans and Swing Loans required to be made pursuant to this CLAUSE (c)
because of Asset Sales (other than any prepayment of the Revolving Loans or
Swing Loans required to be made solely to the extent of a Borrowing thereof made
to consummate a Permitted Acquisition, as set forth in a Permitted Acquisition
Notice) or Property Loss Events (but not repayments required to be made because
of Debt Issuances, Equity Issuances or Excess Cash Flow) shall result in a
permanent reduction of the Revolving Credit Commitments to the extent provided
in SECTION 2.5(b) (TERMINATION OF THE COMMITMENTS).

          (d)  If at any time, the aggregate principal amount of Revolving
Credit Outstandings exceeds the aggregate Revolving Credit Commitments at such
time, the Borrower (or, at the Borrower's option, any other Loan Party) shall
forthwith prepay the Swing Loans first and then the Revolving Loans then
outstanding in an amount equal to such excess. If any such excess remains after
payment in full of the aggregate outstanding Swing Loans and Revolving Loans,
the Borrower (or, at the Borrower's option, any other Loan Party) shall provide
cash collateral for the Letter of Credit Obligations in the manner set forth in
SECTION 9.3 (ACTIONS IN RESPECT OF LETTERS OF CREDIT) in an amount equal to 102%
of such excess.

          (e)  Notwithstanding the foregoing clauses in this SECTION 2.9 (other
than CLAUSE (a)(iii) above, upon the occurrence of any Asset Sale or Property
Loss Event in respect of which a Responsible Officer of the Parent has delivered
a Reinvestment Notice (a "REINVESTMENT EVENT"), all of the following shall
occur:

               (i)    Upon receipt of the Net Cash Proceeds subject to such
     Reinvestment Notice (as long as no Event of Default shall have occurred and
     be continuing), the Borrower shall be permitted to make Permitted
     Reinvestments in an amount not to exceed the amount of such Net Cash
     Proceeds, as set forth in the Reinvestment Notice for such Net Cash
     Proceeds, and shall not be required to prepay the Loans as provided in
     CLAUSE (a) above.

               (ii)   On each Reinvestment Prepayment Date for such Reinvestment
     Event:

                      (A)   the Borrower shall prepay the Tranche B Loans in an
          amount equal to the Reinvestment Prepayment Amount applicable to such
          Reinvestment Prepayment Date;

                      (B)   to the extent such Tranche B Loans shall then be
          paid in full, the Revolving Credit Commitments shall then be
          permanently reduced by an amount equal to any remaining portion of
          such Reinvestment Prepayment Amount not applied to repay such Tranche
          B Loans; and

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                                                                CREDIT AGREEMENT
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                      (C)   to the extent no Revolving Credit Commitment shall
          remain outstanding after such reduction, the Borrower shall prepay the
          Tranche C Loans in an amount equal to any remaining portion of such
          Reinvestment Prepayment Amount not applied to repay Tranche B Loan or
          to reduce the Revolving Credit Commitments.

In addition, the Borrower shall make any payment required pursuant to CLAUSE (d)
above as a result of any such reduction in the Revolving Credit Commitments. All
prepayments of the Term Loans of any Tranche made pursuant to this CLAUSE (e)
shall be applied to the remaining installments thereof in the manner set forth
in CLAUSE (c) above.

          SECTION 2.10   INTEREST

          (a)  RATE OF INTEREST. All Loans and the outstanding amount of all
other Obligations shall bear interest, in the case of Loans, on the unpaid
principal amount thereof from the date such Loans are made and, in the case of
such other Obligations, from the date such other Obligations are due and payable
until, in all cases, paid in full, except as otherwise provided in CLAUSE (c)
BELOW, as follows:

               (i)    if a Base Rate Loan or such other Obligation, at a rate
     per annum equal to the sum of (A) the Base Rate as in effect from time to
     time and (B) the Applicable Margin; and

               (ii)   if a Eurodollar Rate Loan, at a rate per annum equal to
     the sum of (A) the Eurodollar Rate determined for the applicable Interest
     Period and (B) the Applicable Margin in effect from time to time during
     such Eurodollar Interest Period.

          (b)  INTEREST PAYMENTS. (i) Interest accrued on each Base Rate Loan
(other than Swing Loans) shall be payable in arrears (A) on the last Business
Day of each calendar quarter, commencing on the first such day following the
making of such Base Rate Loan, (B) in the case of Base Rate Loans that are Term
Loans, upon the payment or prepayment thereof in full or in part and (C) if not
previously paid in full, at maturity (whether by acceleration or otherwise) of
such Base Rate Loan, (ii) interest accrued on Swing Loans shall be payable in
arrears on the last Business Day of the immediately succeeding calendar quarter,
(iii) interest accrued on each Eurodollar Rate Loan shall be payable in arrears
(A) on the last day of each Interest Period applicable to such Loan and, if such
Interest Period has a duration of more than three months, on each date during
such Interest Period occurring every three months from the first day of such
Interest Period, (B) upon the payment or prepayment thereof in full or in part
and (C) if not previously paid in full, at maturity (whether by acceleration or
otherwise) of such Eurodollar Rate Loan and (iv) interest accrued on the amount
of all other Obligations shall be payable on demand from and after the time such
Obligation becomes due and payable (whether by acceleration or otherwise).

          (c)  DEFAULT INTEREST. Notwithstanding the rates of interest specified
in CLAUSE (a) above or elsewhere herein, (i) effective immediately upon the
occurrence of a Material Event of Default and for as long thereafter as such
Material Event of Default shall be continuing and (ii) upon the occurrence of
any other Event of Default and for as long thereafter as such Event of Default
shall be continuing, effective immediately upon the earlier of the receipt (A)
by the Borrower of a notice by the Administrative Agent or (B) by the
Administrative Agent of instructions from the Requisite Lenders, the principal
balance of all Loans and the amount of all

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

other Obligations then due and payable shall bear interest at a rate that is two
percent per annum in excess of the rate of interest applicable to such Loans or
other Obligations from time to time. Such interest shall be payable on the date
that would otherwise be applicable to such interest pursuant to CLAUSE SECTION
2.10(b) above or otherwise on demand.

          SECTION 2.11   CONVERSION/CONTINUATION OPTION

          (a)  The Borrower may elect (i) at any time on any Business Day to
convert Base Rate Loans (other than Swing Loans) or any portion thereof to
Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to
convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to
continue such Eurodollar Rate Loans or any portion thereof for an additional
Interest Period; PROVIDED, HOWEVER, that the aggregate amount of the Eurodollar
Loans for each Interest Period must be an integral multiple of $1,000,000. Each
conversion or continuation shall be allocated among the Loans of each Lender in
accordance with such Lender's Ratable Portion. Each such election shall be in
substantially the form of EXHIBIT F (FORM OF NOTICE OF CONVERSION OR
CONTINUATION) (a "NOTICE OF CONVERSION OR CONTINUATION") and shall be made by
giving the Administrative Agent at least three Business Days' prior written
notice specifying (A) the amount and type of Loan being converted or continued,
(B) in the case of a conversion to or a continuation of Eurodollar Rate Loans,
the applicable Interest Period and (C) in the case of a conversion, the date of
such conversion.

          (b)  The Administrative Agent shall promptly notify each Lender of its
receipt of a Notice of Conversion or Continuation and of the options selected
therein. Notwithstanding the foregoing, (i) no conversion in whole or in part of
Base Rate Loans to Eurodollar Rate Loans shall be permitted at any time prior to
the Syndication Completion Date, (ii) no conversion in whole or in part of Base
Rate Loans to Eurodollar Rate Loans and no continuation in whole or in part of
Eurodollar Rate Loans upon the expiration of any applicable Interest Period
shall be permitted at any time at which (A) an Event of Default shall have
occurred and be continuing and the Administrative Agent shall have received
instructions from the Requisite Lenders to that effect, (B) the continuation of,
or conversion into, a Eurodollar Rate Loan would violate any provision of
SECTION 2.14 (SPECIAL PROVISIONS GOVERNING EURODOLLAR RATE LOANS) or (C) any
Material Event of Default shall have occurred and be continuing and (iii) no
conversion in whole or in part of Base Rate Loans to Eurodollar Rate Loans
having an Interest Period greater than one month and no continuation in whole or
in part of Eurodollar Rate Loans into Eurodollar Rate Loans upon the expiration
of any applicable Interest Period into Eurodollar Rate Loans having an Interest
Period greater than one month shall be permitted at any time at which an Event
of Default shall have occurred and be continuing. If, within the time period
required under the terms of this SECTION 2.11, the Administrative Agent does not
receive a Notice of Conversion or Continuation from the Borrower containing a
permitted election to continue any Eurodollar Rate Loans for an additional
Interest Period or to convert any such Loans, then, upon the expiration of the
applicable Interest Period, such Loans shall be automatically converted to Base
Rate Loans. Each Notice of Conversion or Continuation shall be irrevocable.

          SECTION 2.12   FEES

          (a)  UNUSED COMMITMENT FEE. The Borrower agrees to pay in immediately
available Dollars a commitment fee (the "UNUSED COMMITMENT FEE") as follows:

               (i)    to each Revolving Credit Lender (other than the Swing Loan
     Lender), on the actual daily amount by which the Revolving Credit
     Commitment of such

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                                                                CREDIT AGREEMENT
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     Revolving Credit Lender exceeds such Lender's Ratable Portion of the sum of
     (A) the aggregate outstanding principal amount of Revolving Loans and (B)
     the outstanding amount of the aggregate Letter of Credit Obligations from
     the date hereof through the Revolving Credit Termination Date at the
     Applicable Unused Commitment Fee Rate, payable in arrears (x) on the last
     Business Day of each calendar quarter, commencing on the first such
     Business Day following the Closing Date and (y) on the Revolving Credit
     Termination Date; and

               (ii)   to the Revolving Credit Lender that is the Swing Loan
     Lender or an Affiliate thereof, on the actual daily amount by which the
     Revolving Credit Commitment of such Revolving Credit Lender exceeds the sum
     of (A) the principal amount of the Swing Loans of Swing Loan Lender
     outstanding and (B) such Lender's Ratable Portion of the sum of (1) the
     aggregate outstanding principal amount of Revolving Loans and (2) the
     outstanding amount of the aggregate Letter of Credit Obligations from the
     date hereof through the Revolving Credit Termination Date at the Applicable
     Unused Commitment Fee Rate, payable in arrears (x) on the last Business Day
     of each calendar quarter, commencing on the first such Business Day
     following the Closing Date and (y) on the Revolving Credit Termination
     Date.

          (b)  LETTER OF CREDIT FEES. The Borrower agrees to pay the following
amounts with respect to Letters of Credit issued by any Issuer:

               (i)    to the Administrative Agent for the account of each Issuer
     of a Letter of Credit, with respect to each Letter of Credit issued by such
     Issuer, an issuance fee equal to 0.125% per annum of the average daily
     maximum undrawn face amount of such Letter of Credit, payable in arrears
     (A) on the last Business Day of each calendar quarter, commencing on the
     first such Business Day following the issuance of such Letter of Credit and
     (B) on the Revolving Credit Termination Date;

               (ii)   to the Administrative Agent for the ratable benefit of the
     Revolving Credit Lenders, with respect to each Letter of Credit, a fee
     accruing in Dollars at a rate per annum equal to the Applicable Margin for
     Revolving Loans that are Eurodollar Rate Loans on the average daily maximum
     undrawn face amount of such Letter of Credit, payable in arrears (A) on the
     last Business Day of each calendar quarter, commencing on the first such
     Business Day following the issuance of such Letter of Credit and (B) on the
     Revolving Credit Termination Date; PROVIDED, HOWEVER, that (x) effective
     immediately upon the occurrence of a Material Event of Default and for as
     long thereafter as such Material Event of Default shall be continuing and
     (y) upon the occurrence of any other Event of Default and for as long
     thereafter as such Event of Default shall be continuing, effective
     immediately upon the earlier of the receipt (1) by the Borrower of a notice
     by the Administrative Agent or (2) by the Administrative Agent of
     instructions from the Requisite Lenders, such fee shall be increased by two
     percent per annum (instead of, and not in addition to, any increase
     pursuant to SECTION 2.10(c) (INTEREST)) and shall be payable on demand; and

               (iii)  to the Issuer of any Letter of Credit, with respect to the
     issuance, amendment or transfer of each Letter of Credit and each drawing
     made thereunder, documentary and processing charges in accordance with such
     Issuer's standard schedule for such charges in effect at the time of
     issuance, amendment, transfer or drawing, as the case may be.

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                                                                CREDIT AGREEMENT
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          (c)  ADDITIONAL FEES. The Borrower has agreed to pay to the
Administrative Agent, the Syndication Agent and the Arrangers additional fees,
the amount and dates of payment of which are embodied in the Fee Letters.

          SECTION 2.13   PAYMENTS AND COMPUTATIONS

          (a)  Each payment made by or on behalf of the Borrower (including fees
and expenses) shall be made not later than 1:00 p.m. (New York time) on the day
when due, in the currency specified herein (or, if no such currency is
specified, in Dollars) to the Administrative Agent at its address referred to in
SECTION 11.8 (NOTICES, ETC.) in immediately available funds without set-off or
counterclaim. The Administrative Agent shall promptly thereafter cause to be
distributed immediately available funds relating to the payment of principal,
interest or fees to the Lenders, in accordance with the application of payments
set forth in CLAUSE (f) or (g) below, as applicable, for the account of their
respective Applicable Lending Offices; PROVIDED, HOWEVER, that amounts payable
pursuant to SECTION 2.15 (CAPITAL ADEQUACY), SECTION 2.16 (TAXES) or SECTION
2.14(c) or (d) (SPECIAL PROVISIONS GOVERNING EURODOLLAR RATE LOANS) shall be
paid only to the affected Lender or Lenders and amounts payable with respect to
Swing Loans shall be paid only to the Swing Loan Lender. Payments received by
the Administrative Agent after 1:00 p.m. (New York time) shall be deemed to be
received on the next Business Day.

          (b)  All computations of interest of Base Rate Loans (except where the
Base Rate is calculated using CLAUSE (b) of the definition thereof) shall be
made by the Administrative Agent on the basis of a year of 365 or, as applicable
366 days for the actual number of days (including the first day but excluding
the last day) occurring in the period for which such interest and fees are
payable. All other computations of interest and of fees shall be made by the
Administrative Agent on the basis of a year of 360 days, in each case for the
actual number of days (including the first day but excluding the last day)
occurring in the period for which such interest and fees are payable. Each
determination by the Administrative Agent of a rate of interest hereunder shall
be conclusive and binding for all purposes, absent manifest error.

          (c)  Each payment by or on behalf of the Borrower of any Loan,
Reimbursement Obligation (including interest or fees in respect thereof) and
each reimbursement of various costs, expenses or other Obligation shall be made
in the currency in which such Loan was made, such Letter of Credit issued or
such cost, expense or other Obligation was incurred; PROVIDED, HOWEVER, that,
other than for payments in respect of a Loan or Reimbursement Obligation, Loan
Documents duly executed by the Administrative Agent may specify other currencies
of payment for Obligations created by or directly related to such Loan Document.

          (d)  Whenever any payment hereunder shall be stated to be due on a day
other than a Business Day, the due date for such payment shall be extended to
the next succeeding Business Day, and such extension of time shall in such case
be included in the computation of payment of interest or fees, as the case may
be; PROVIDED, HOWEVER, that if such extension would cause payment of interest on
or principal of any Eurodollar Rate Loan to be made in the next calendar month,
such payment shall be made on the immediately preceding Business Day. All
repayments of any Revolving Loans or any Tranche of Term Loans shall be applied
as follows: FIRST, to repay such Loans outstanding as Base Rate Loans and THEN,
to repay such Loans outstanding as Eurodollar Rate Loans, with those Eurodollar
Rate Loans having earlier expiring Eurodollar Interest Periods being repaid
prior to those having later expiring Eurodollar Interest Periods.

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          (e)  Unless the Administrative Agent shall have received notice from
the Borrower to the Lenders prior to the date on which any payment is due
hereunder that the Borrower will not make such payment in full (and the
Administrative Agent has not received any notice that such payment shall be made
in full by another Loan Party on behalf of the Borrower), the Administrative
Agent may assume that the Borrower has made such payment in full to the
Administrative Agent on such date and the Administrative Agent may, in reliance
upon such assumption, cause to be distributed to each Lender on such due date an
amount equal to the amount then due such Lender. If and to the extent that the
Borrower shall not have made (and no Loan Party shall have made on behalf of the
Borrower) such payment in full to the Administrative Agent, each Lender shall
repay to the Administrative Agent forthwith on demand such amount distributed to
such Lender together with interest thereon (at the Federal Funds Rate for the
first Business Day and thereafter, at the rate applicable to Base Rate Loans for
the applicable Facility) for each day from the date such amount is distributed
to such Lender until the date such Lender repays such amount to the
Administrative Agent.

          (f)  Except for payments and other amounts received by the
Administrative Agent and applied in accordance with the provisions of CLAUSE (g)
below (or required to be applied in accordance with CLAUSES (c) or (e) of
SECTION 2.9 (MANDATORY PREPAYMENTS)), all payments and any other amounts
received by the Administrative Agent from or for the benefit of the Borrower
shall be applied as follows: FIRST, to pay principal of, and interest on, any
portion of the Loans the Administrative Agent may have advanced pursuant to the
express provisions of this Agreement on behalf of any Lender, for which the
Administrative Agent has not then been reimbursed by such Lender or the Borrower
(or any Loan Party on behalf of the Borrower), SECOND, to pay all other
Obligations then due and payable; and THIRD, as the Borrower so designates.
Payments in respect of Swing Loans received by the Administrative Agent shall be
distributed to the Swing Loan Lender; payments in respect of Revolving Loans
received by the Administrative Agent shall be distributed to each Revolving
Credit Lender in accordance with such Lender's Ratable Portion of the Revolving
Credit Commitments; payments in respect of any Tranche of Term Loans received by
the Administrative Agent shall be distributed to each Term Loan Lender in such
Tranche in accordance with such Lender's Ratable Portion of such Tranche; and
all payments of fees and all other payments in respect of any other Obligation
shall be allocated among such of the Lenders and Issuers as are entitled thereto
and, for such payments allocated to the Lenders, in proportion to their
respective Ratable Portions in the Facility with respect to which such payment
is made.

          (g)  The Borrower hereby irrevocably waives the right to direct the
application of any and all payments in respect of the Obligations and any
proceeds of Collateral after the occurrence and during the continuance of an
Event of Default and agrees that, notwithstanding the provisions of CLAUSES (c)
or (e) of SECTION 2.9 (MANDATORY PREPAYMENTS) and CLAUSE (f) above, the
Administrative Agent may, and, upon either (A) the written direction of the
Requisite Lenders or (B) the acceleration of the Obligations pursuant to SECTION
9.2 (REMEDIES), shall, deliver a Blockage Notice to each Deposit Account Bank
for each Approved Deposit Account and apply all payments in respect of any
Obligations and all funds on deposit in any Cash Collateral Account and all
other proceeds of Collateral in the order set forth in the Intercreditor
Agreement.

          (h)  The Adminstrative Agent hereby agrees to deliver to each other
Agent, promptly upon receipt thereof by the Administrative Agent, each Permitted
Acquisition Notice delivered by the Parent to the Administrative Agent and all
other notices and information

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

furnished to the Administrative Agent in connection with any Permitted
Acquisition pursuant to the definition of "Permitted Acquisition".

          SECTION 2.14   SPECIAL PROVISIONS GOVERNING EURODOLLAR RATE LOANS

          (a)  DETERMINATION OF INTEREST RATE

          The Eurodollar Rate for each Interest Period for Eurodollar Rate Loans
shall be determined by the Administrative Agent pursuant to the procedures set
forth in the definition of "EURODOLLAR RATE." The Administrative Agent's
determination shall be presumed to be correct absent manifest error and shall be
binding on the Borrower.

          (b)  INTEREST RATE UNASCERTAINABLE, INADEQUATE OR UNFAIR

          In the event that (i) the Administrative Agent determines that
adequate and fair means do not exist for ascertaining the applicable interest
rates by reference to which the Eurodollar Rate then being determined is to be
fixed or (ii) the Requisite Lenders notify the Administrative Agent that the
Eurodollar Rate for any Interest Period will not adequately reflect the cost to
the Lenders of making or maintaining such Loans for such Interest Period, the
Administrative Agent shall forthwith so notify the Borrower and the Lenders,
whereupon each Eurodollar Loan shall automatically, on the last day of the
current Interest Period for such Loan, convert into a Base Rate Loan and the
obligations of the Lenders to make Eurodollar Rate Loans or to convert Base Rate
Loans into Eurodollar Rate Loans shall be suspended until the Administrative
Agent shall notify the Borrower that the Requisite Lenders have determined that
the circumstances causing such suspension no longer exist.

          (c)  INCREASED COSTS

          If at any time any Lender determines that the introduction of, or any
change in or in the interpretation of, any law, treaty or governmental rule,
regulation or order (other than any change by way of imposition or increase of
reserve requirements included in determining the Eurodollar Rate) or the
compliance by such Lender with any guideline, request or directive from any
central bank or other Governmental Authority (whether or not having the force of
law) (collectively, a "CHANGE OF LAW"), shall have the effect of increasing the
cost to such Lender of agreeing to make or making, funding or maintaining any
Eurodollar Rate Loans, then the Borrower shall from time to time, upon demand by
such Lender (with a copy of such demand to the Administrative Agent), pay to the
Administrative Agent for the account of such Lender additional amounts
sufficient to compensate such Lender for such increased cost. A certificate as
to the amount of such increased cost, submitted to the Borrower and the
Administrative Agent by such Lender, shall be conclusive and binding for all
purposes, absent manifest error; PROVIDED, HOWEVER, that notwithstanding the
foregoing, the Borrower shall not be required to compensate any Lender for any
increased cost incurred more than 180 days prior to the delivery of such
certificate (such period to be extended in the case of increased costs caused by
a Change of Law with retroactive effect to include the period of retroactive
effect of such Change of Law).

          (d)  ILLEGALITY

          Notwithstanding any other provision of this Agreement, if any Lender
determines that the introduction of, or any change in or in the interpretation
of, any law, treaty or governmental rule, regulation or order after the date of
this Agreement shall make it unlawful, or

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any central bank or other Governmental Authority shall assert that it is
unlawful, for any Lender or its Eurodollar Lending Office to make Eurodollar
Rate Loans or to continue to fund or maintain Eurodollar Rate Loans, then, on
notice thereof and demand therefor by such Lender to the Borrower through the
Administrative Agent, (i) the obligation of such Lender to make or to continue
Eurodollar Rate Loans and to convert Base Rate Loans into Eurodollar Rate Loans
shall be suspended, and each such Lender shall make a Base Rate Loan as part of
any requested Borrowing of Eurodollar Rate Loans and (ii) if the affected
Eurodollar Rate Loans are then outstanding, the Borrower shall immediately
convert each such Loan into a Base Rate Loan. If, at any time after a Lender
gives notice under this CLAUSE (d), such Lender determines that it may lawfully
make Eurodollar Rate Loans, such Lender shall promptly give notice of that
determination to the Borrower and the Administrative Agent, and the
Administrative Agent shall promptly transmit the notice to each other Lender.
The Borrower's right to request, and such Lender's obligation, if any, to make
Eurodollar Rate Loans shall thereupon be restored.

          (e)  BREAKAGE COSTS

          In addition to all amounts required to be paid by or on behalf of the
Borrower pursuant to SECTION 2.10 (INTEREST), the Borrower shall compensate each
Lender, upon demand, for all losses, expenses and liabilities (including any
loss or expense incurred by reason of the liquidation or reemployment of
deposits or other funds acquired by such Lender to fund or maintain such
Lender's Eurodollar Rate Loans to the Borrower but excluding any loss of the
Applicable Margin on the relevant Loans) that such Lender may sustain (i) if for
any reason (other than solely by reason of such Lender being a Non-Funding
Lender) a proposed Borrowing, conversion into or continuation of Eurodollar Rate
Loans does not occur on a date specified therefor in a Notice of Borrowing or a
Notice of Conversion or Continuation given by the Borrower or in a telephonic
request by it for borrowing or conversion or continuation or a successive
Interest Period does not commence after notice therefor is given pursuant to
SECTION 2.11 (CONVERSION/CONTINUATION OPTION), (ii) if for any reason any
Eurodollar Rate Loan is prepaid (including mandatorily pursuant to SECTION 2.9
(MANDATORY PREPAYMENTS)) on a date that is not the last day of the applicable
Interest Period, (iii) as a consequence of a required conversion of a Eurodollar
Rate Loan to a Base Rate Loan as a result of any of the events indicated in
CLAUSE (d) above or (iv) as a consequence of any failure by the Borrower to
repay Eurodollar Rate Loans when required by the terms hereof. The Lender making
demand for such compensation shall deliver to the Borrower concurrently with
such demand a written statement as to such losses, expenses and liabilities, and
this statement shall be conclusive as to the amount of compensation due to such
Lender, absent manifest error.

          SECTION 2.15   CAPITAL ADEQUACY

          If at any time any Lender determines that (a) the adoption of, or any
change in or in the interpretation of, any law, treaty or governmental rule,
regulation or order after the date of this Agreement regarding capital adequacy,
(b) compliance with any such law, treaty, rule, regulation or order or (c)
compliance with any guideline or request or directive from any central bank or
other Governmental Authority (whether or not having the force of law) shall have
the effect of reducing the rate of return on such Lender's (or any corporation
controlling such Lender's) capital as a consequence of its obligations hereunder
or under or in respect of any Letter of Credit to a level below that which such
Lender or such corporation could have achieved but for such adoption, change,
compliance or interpretation, then, upon demand from time to time by such Lender
(with a copy of such demand to the Administrative Agent), the Borrower shall pay
to the Administrative Agent for the account of such Lender, from time to time as
specified by

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such Lender, additional amounts sufficient to compensate such Lender for such
reduction. A certificate as to such amounts submitted to the Borrower and the
Administrative Agent by such Lender shall be conclusive and binding for all
purposes absent manifest error; PROVIDED, HOWEVER, that notwithstanding the
foregoing, the Borrower shall not be required to compensate any Lender for any
such amount incurred more than 180 days prior to the delivery of such
certificate (such period to be extended in the case of a reduction caused by any
event described in CLAUSE (a), (b) or (c) above and having retroactive effect to
include the period of such retroactive effect).

          SECTION 2.16   TAXES

          (a)  Except as otherwise provided in this SECTION 2.16, any and all
payments by any Loan Party under each Loan Document shall be made free and clear
of and without deduction for any and all present or future taxes, levies,
imposts, deductions, charges or withholdings, and all liabilities with respect
thereto, excluding (i) in the case of each Lender, each Issuer and each Agent
(A) taxes measured by its net income, and franchise taxes imposed on it, and
similar taxes imposed by the jurisdiction (or any political subdivision thereof)
under the laws of which such Lender, Issuer or Agent (as the case may be) is
organized and (B) any United States withholding taxes payable with respect to
payments under the Loan Documents under laws (including any statute, treaty or
regulation) in effect on the Closing Date (or, in the case of (x) an Eligible
Assignee, the date of the Assignment and Acceptance, (y) a successor Agent, the
date of the appointment of such Agent, and (z) a successor Issuer, the date such
Issuer becomes an Issuer) applicable to such Lender, Issuer or Agent, as the
case may be, but not excluding any United States withholding taxes payable as a
result of any change in such laws occurring after the Closing Date (or the date
of such Assignment and Acceptance or the date of such appointment of such Agent
or the date such Issuer becomes an Issuer) and (ii) in the case of each Lender
or each Issuer, taxes measured by its net income, and franchise taxes imposed on
it as a result of a present or former connection between such Lender or such
Issuer (as the case may be) and the jurisdiction of the Governmental Authority
imposing such tax or any taxing authority thereof or therein (all such
non-excluded taxes, levies, imposts, deductions, charges, withholdings and
liabilities being hereinafter referred to as "TAXES"). If any Taxes shall be
required by law to be deducted from or in respect of any sum payable under any
Loan Document to any Lender, Issuer or Agent (w) the sum payable shall be
increased as may be necessary so that, after making all required deductions
(including deductions applicable to additional sums payable under this SECTION
2.16, such Lender, Issuer or Agent (as the case may be) receives an amount equal
to the sum it would have received had no such deductions been made, (x) the
relevant Loan Party shall make such deductions, (y) the relevant Loan Party
shall pay the full amount deducted to the relevant taxing authority or other
authority in accordance with applicable law and (z) the relevant Loan Party
shall deliver to the Administrative Agent evidence of such payment.

          (b)  In addition, each Loan Party agrees to pay any present or future
stamp or documentary taxes or any other excise or property taxes, charges or
similar levies of the United States or any political subdivision thereof or any
applicable foreign jurisdiction, and all liabilities with respect thereto, in
each case arising from any payment made under any Loan Document or from the
execution, delivery or registration of, or otherwise with respect to, any Loan
Document (collectively, "OTHER TAXES").

          (c)  Each Loan Party shall, jointly and severally, indemnify each
Lender, Issuer and Agent for the full amount of Taxes and Other Taxes (including
any Taxes and Other Taxes imposed by any jurisdiction on amounts payable under
this SECTION 2.16) paid by such Lender, Issuer or Agent (as the case may be) and
any liability (including for penalties, interest

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and expenses) arising therefrom or with respect thereto, whether or not such
Taxes or Other Taxes were correctly or legally asserted. This indemnification
shall be made within 30 days from the date such Lender, Issuer or Agent (as the
case may be) makes written demand therefor.

          (d)  Within 30 days after the date of any payment of Taxes or Other
Taxes by any Loan Party, the Borrower shall furnish to the Administrative Agent,
at its address referred to in SECTION 11.8 (NOTICES, ETC.), the original or a
certified copy of a receipt evidencing payment thereof.

          (e)  Without prejudice to the survival of any other agreement of any
Loan Party hereunder or under the Guaranty, the agreements and obligations of
such Loan Party contained in this SECTION 2.16 shall survive the payment in full
of the Obligations.

          (f)  (i) Each Non-U.S. Lender that is entitled at such time to an
exemption from United States withholding tax, or that is subject to such tax at
a reduced rate under an applicable tax treaty, shall (v) on or prior to the
Closing Date if such Non-U.S. Lender is a signatory hereto, (w) otherwise, on or
prior to the date on which such Non-U.S. Lender becomes a Lender, Issuer or
Agent hereunder, (x) on or prior to the date on which any such form or
certification expires or becomes obsolete, (y) after the occurrence of any event
requiring a change in the most recent form or certification previously delivered
by it to the Borrower and the Administrative Agent, and (z) from time to time if
requested by the Borrower or the Administrative Agent, provide the
Administrative Agent and the Borrower with two completed originals of each of
the following, as applicable:

                      (A)   Form W-8ECI (claiming exemption from U.S.
          withholding tax because the income is effectively connected with a
          U.S. trade or business) or any successor form;

                      (B)   Form W-8BEN (claiming exemption from, or a
          reduction of, U.S. withholding tax under an income tax treaty) or any
          successor form;

                      (C)   in the case of a Non-U.S. Lender claiming exemption
          under Sections 871(h) or 881(c) of the Code, a Form W-8BEN (claiming
          exemption from U.S. withholding tax under the portfolio interest
          exemption) or any successor form; or

                      (D)   any other applicable form, certificate or document
          prescribed by the IRS certifying as to such Non-U.S. Lender's
          entitlement to such exemption from United States withholding tax or
          reduced rate with respect to all payments to be made to such Non-U.S.
          Lender under the Loan Documents.

Unless the Borrower and the Administrative Agent have received forms or other
documents satisfactory to them indicating that payments under any Loan Document
to or for a Non-U.S. Lender are not subject to United States withholding tax or
are subject to such tax at a rate reduced by an applicable tax treaty, the Loan
Parties and the Administrative Agent shall withhold amounts required to be
withheld by applicable Requirements of Law from such payments at the applicable
statutory rate.

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               (ii)   Each U.S. Lender shall (v) on or prior to the Closing Date
     if such U.S. Lender is a signatory hereto, (w) otherwise, on or prior to
     the date on which such U.S. Lender becomes a Lender, an Issuer or an Agent
     hereunder, (x) on or prior to the date on which any such form or
     certification expires or becomes obsolete, (y) after the occurrence of any
     event requiring a change in the most recent form or certification
     previously delivered by it to the Borrower and the Administrative Agent,
     and (z) from time to time if requested by the Borrower or the
     Administrative Agent, provide the Administrative Agent and the Borrower
     with two completed originals of Form W-9 (certifying that such U.S. Lender
     is entitled to an exemption from U.S. backup withholding tax) or any
     successor form. Solely for purposes of this SECTION 2.16(f), a U.S. Lender
     shall not include a Lender, an Issuer or an Agent that may be treated as an
     exempt recipient based on the indicators described in Treasury Regulation
     section 1.6049-4(c)(1)(ii).

          (g)  Any Lender claiming any additional amounts payable pursuant to
this SECTION 2.16 shall use its reasonable efforts (consistent with its internal
policies and Requirements of Law) to change the jurisdiction of its Applicable
Lending Office if the making of such a change would avoid the need for, or
reduce the amount of, any such additional amounts that would be payable or may
thereafter accrue and would not, in the sole determination of such Lender, be
otherwise disadvantageous to such Lender.

          SECTION 2.17   SUBSTITUTION OF LENDERS

          (a)  In the event that (i)(A) any Lender makes a claim under SECTION
2.14(c) (INCREASED COSTS) or 2.15 (CAPITAL ADEQUACY), (B) it becomes illegal for
any Lender to continue to fund or make any Eurodollar Rate Loan and such Lender
notifies the Borrower pursuant to SECTION 2.14(d) (ILLEGALITY), (C) any Loan
Party is required to make any payment pursuant to SECTION 2.16 (TAXES) that is
attributable to a particular Lender or (D) any Lender becomes a Non-Funding
Lender, (ii) in the case of CLAUSE (i)(A) above, as a consequence of increased
costs in respect of which such claim is made, the effective rate of interest
payable to such Lender under this Agreement with respect to its Loans materially
exceeds the effective average annual rate of interest payable to the Requisite
Lenders under this Agreement and (iii) in the case of CLAUSE (i)(A), (B) and (C)
above, Revolving Credit Lenders holding at least 75% of the Revolving Credit
Commitments are not subject to such increased costs or illegality, payment or
proceedings (any such Lender, an "AFFECTED LENDER"), the Borrower may substitute
any Lender and, if reasonably acceptable to the Administrative Agent, any other
Eligible Assignee (a "SUBSTITUTE INSTITUTION") for such Affected Lender
hereunder, after delivery of a written notice (a "SUBSTITUTION NOTICE") by the
Borrower to the Administrative Agent and the Affected Lender within a reasonable
time (in any case not to exceed 90 days) following the occurrence of any of the
events described in CLAUSE (i) above that the Borrower intends to make such
substitution; PROVIDED, HOWEVER, that, if more than one Lender claims increased
costs, illegality or right to payment arising from the same act or condition and
such claims are received by the Borrower within 30 days of each other, then the
Borrower may substitute all, but not (except to the extent the Borrower has
already substituted one of such Affected Lenders before the Borrower's receipt
of the other Affected Lenders' claim) less than all, Lenders making such claims.

          (b)  If the Substitution Notice was properly issued under this SECTION
2.17, the Affected Lender shall sell, and the Substitute Institution shall
purchase, all rights and claims of such Affected Lender under the Loan Documents
and the Substitute Institution shall assume, and the Affected Lender shall be
relieved of, the Affected Lender's Revolving Credit

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Commitments and all other prior unperformed obligations of the Affected Lender
under the Loan Documents (other than in respect of any damages (other than
exemplary or punitive damages, to the extent permitted by applicable law) in
respect of any such unperformed obligations). Such purchase and sale (and the
corresponding assignment of all rights and claims hereunder) shall be recorded
in the Register maintained by the Administrative Agent and shall be effective on
(and not earlier than) the latest of (i) the receipt by the Affected Lender of
its Ratable Portion of the Revolving Credit Outstandings and of each Tranche of
Term Loans, together with any other Obligations owing to it, (ii) the receipt by
the Administrative Agent of an agreement in form and substance satisfactory to
it and the Borrower whereby the Substitute Institution shall agree to be bound
by the terms hereof and (iii) the payment in full to the Affected Lender in cash
of all fees, unreimbursed costs and expenses and indemnities accrued and unpaid
through such effective date. Upon the effectiveness of such sale, purchase and
assumption, the Substitute Institution shall become a "LENDER" hereunder for all
purposes of this Agreement having a Commitment in the amount of such Affected
Lender's Commitment assumed by it and such Commitment of the Affected Lender
shall be terminated; PROVIDED, HOWEVER, that all indemnities under the Loan
Documents shall continue in favor of such Affected Lender.

          (c)  Each Lender agrees that, if it becomes an Affected Lender and its
rights and claims are assigned hereunder to a Substitute Institution pursuant to
this SECTION 2.17, it shall execute and deliver to the Administrative Agent an
Assignment and Acceptance to evidence such assignment, together with any Note
(if such Loans are evidenced by a Note) evidencing the Loans subject to such
Assignment and Acceptance; PROVIDED, HOWEVER, that the failure of any Affected
Lender to execute an Assignment and Acceptance shall not render such assignment
invalid.

                                   ARTICLE III

                    CONDITIONS TO LOANS AND LETTERS OF CREDIT

          SECTION 3.1    CONDITIONS PRECEDENT TO INITIAL LOANS AND LETTERS OF
                         CREDIT

          The obligation of each Lender to make the Loans requested to be made
by it on the Closing Date and the obligation of each Issuer to Issue Letters of
Credit on the Closing Date is subject to the satisfaction or due waiver in
accordance with SECTION 11.1 (AMENDMENTS, WAIVERS, ETC.) of each of the
following conditions precedent on or before May 31, 2004:

          (a)  CERTAIN DOCUMENTS. The Administrative Agent shall have received
on or prior to the Closing Date (and, to the extent any Borrowing of any
Eurodollar Rate Loans is requested to be made on the Closing Date, in respect of
the Notice of Borrowing for such Eurodollar Rate Loans, at least three Business
Days prior to the Closing Date) each of the following, each dated the Closing
Date unless otherwise indicated or agreed to by the Administrative Agent and the
Syndication Agent, in form and substance satisfactory to each of the
Administrative Agent and the Syndication Agent and in sufficient copies for each
Lender:

               (i)    this Agreement, duly executed and delivered by the
     Borrower and the Parent and, for the account of each Lender requesting the
     same, a Note of the Borrower conforming to the requirements set forth
     herein;

               (ii)   the Intercreditor Agreement, duly executed by each Lender,
     the Tranche C Agent and each Loan Party party thereto;

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               (iii)  the Guaranty, duly executed by each Guarantor;

               (iv)   each Foreign Collateral Document, duly executed by the
     appropriate Loan Parties;

               (v)    the Pledge and Security Agreement, duly executed by the
     Borrower and each Guarantor, together with each of the following:

                      (A)   evidence satisfactory to each of the Administrative
          Agent and the Syndication Agent that, upon the filing and recording of
          instruments delivered at the Closing, the Collateral shall be subject
          to the Requisite Priority Liens (subject to Liens permitted
          hereunder), including (x) such documents duly executed by each Loan
          Party as each of the Administrative Agent and the Tranche C Agent may
          request with respect to the perfection of the Requisite Priority Liens
          in the Collateral (including financing statements under the UCC,
          short-form security agreements relating to patents, trademarks and
          registered copyrights in the United States and Canada suitable for
          filing with the United States Patent and Trademark Office, the United
          States Copyright Office or the Canadian Intellectual Property Office,
          as the case may be, and other applicable documents under the laws of
          any jurisdiction with respect to the perfection of Liens created by
          the Pledge and Security Agreement) and (y) copies of UCC search
          reports as of a recent date listing all effective financing statements
          that name any Loan Party as debtor, together with copies of such
          financing statements, none of which shall cover the Collateral except
          for those that shall be terminated on the Closing Date or are
          otherwise permitted hereunder;

                      (B)   all certificates, instruments and other documents
          representing all Pledged Stock being pledged pursuant to such Pledge
          and Security Agreement and stock powers for such certificates,
          instruments and other documents executed in blank;

                      (C)   all instruments representing Pledged Debt
          Instruments being pledged pursuant to such Pledge and Security
          Agreement duly endorsed in blank, including, without limitation,
          intercompany notes in form and substance and from Loan Parties and
          their Subsidiaries reasonably satisfactory to the Administrative Agent
          and the Syndication Agent;

                      (D)   all Deposit Account Control Agreements, duly
          executed by the corresponding Deposit Account Bank and Loan Party,
          that, in the reasonable judgment of either the Administrative Agent or
          the Syndication Agent, shall be required for the Loan Parties to
          comply with SECTION 7.12 (CONTROL ACCOUNTS; APPROVED DEPOSIT
          ACCOUNTS); and

                      (E)   Securities Account Control Agreements duly executed
          by the appropriate Loan Party and (1) all "securities intermediaries"
          (as defined in the UCC) with respect to all Securities Accounts and
          securities entitlements of the Borrower and each Guarantor and (2) all
          "commodities intermediaries" (as defined in the UCC) with respect to
          all commodities contracts and commodities accounts held by the
          Borrower and each Guarantor;

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               (vi)   any Landlord Waiver and Bailee's Letter, duly executed by
     all parties thereto (other than the Agents and the Lenders), that may be
     requested by either the Administrative Agent or the Syndication Agent, each
     in their reasonable discretion, prior to the Closing Date;

               (vii)  a favorable opinion of (A) Kirkland & Ellis LLP, counsel
     to the Loan Parties, in substantially the form of EXHIBIT G (FORM OF
     OPINION OF COUNSEL FOR THE LOAN PARTIES) (which shall cover New York,
     Delaware and California), (B) counsel to the Loan Parties in Virginia, in
     each case addressed to the Collateral Agents and the Lenders and addressing
     such other matters as any Lender through the Administrative Agent or the
     Syndication Agent may reasonably request and (C) counsel to the
     Administrative Agent as to the enforceability of this Agreement and the
     other Loan Documents to be executed on the Closing Date;

               (viii) a copy of each Closing Date Related Document (including a
     certificate from each party to the Closing Date Acquisition Agreement for
     the benefit of the Administrative Agent, the Syndication Agent, each of
     their respective counsels and the Lenders and Issuers that, subject only to
     the funding of the initial Loan hereunder, such party is prepared to
     consummate the Transactions) and each existing Disclosure Document, in each
     case certified as being complete and correct by a Responsible Officer of
     the Parent;

               (ix)   a copy of the articles or certificate of incorporation (or
     equivalent Constituent Document) of each Loan Party, certified as of a
     recent date by the Secretary of State of the state of organization of such
     Loan Party, together with certificates of such official attesting to the
     good standing of each such Loan Party;

               (x)    a certificate of the Secretary or an Assistant Secretary
     of each Loan Party certifying (A) the names and true signatures of each
     officer of such Loan Party that has been authorized to execute and deliver
     any Loan Document or other document required hereunder to be executed and
     delivered by or on behalf of such Loan Party, (B) the by-laws (or
     equivalent Constituent Document) of such Loan Party as in effect on the
     date of such certification, (C) the resolutions of such Loan Party's Board
     of Directors (or equivalent governing body) approving and authorizing the
     execution, delivery and performance of this Agreement and the other Loan
     Documents to which it is a party and (D) that there have been no changes in
     the certificate of incorporation (or equivalent Constituent Document) of
     such Loan Party from the certificate of incorporation (or equivalent
     Constituent Document) delivered pursuant to CLAUSE (ix) above;

               (xi)   at the option of the Parent, either (A) a certificate of a
     Responsible Officer of the Parent or (B) a solvency opinion from an
     independent financial accountant reasonably acceptable to each of the
     Administrative Agent and the Syndication Agent, in each case stating that
     the Borrower, individually, and the Parent and its Subsidiaries, taken as a
     whole, are Solvent on a Consolidated basis after giving effect to the
     Transactions, the initial Loans and Letters of Credit, the application of
     the proceeds thereof in accordance with SECTION 7.9 (APPLICATION OF
     PROCEEDS) and the payment of all estimated legal, accounting and other fees
     related hereto and thereto;

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               (xii)  a certificate of a Responsible Officer of the Parent to
     the effect that (A) the condition set forth in SECTION 3.2(b) (CONDITIONS
     PRECEDENT TO EACH LOAN AND LETTER OF CREDIT) has been satisfied and (B) no
     litigation not listed on SCHEDULE 4.7 (LITIGATION) shall have been
     commenced against any Loan Party or any of its Subsidiaries that would have
     a Material Adverse Effect;

               (xiii) evidence satisfactory to each of the Administrative Agent
     and the Syndication Agent that the insurance policies required by SECTION
     7.5 (MAINTENANCE OF INSURANCE) and any Collateral Document are in full
     force and effect, together with, unless otherwise agreed by each of the
     Administrative Agent and the Syndication Agent, endorsements naming each of
     the Administrative Agent, on behalf of the First-Priority Secured Parties,
     and the Tranche C Agent, on behalf of the Tranche C Secured Parties, as an
     additional insured or loss payee under all insurance policies to be
     maintained with respect to the properties of the Parent, the Borrower and
     each other Loan Party; and

               (xiv)  such other certificates, documents, agreements and
     information respecting any Loan Party as any Lender through the
     Administrative Agent or the Syndication Agent may reasonably request.

          (b)  FEE AND EXPENSES PAID. There shall have been paid to the
Administrative Agent, for the account of the Agents, the Issuers and the
Lenders, as applicable, all fees and expenses (including reasonable fees and
expenses of counsel) due and payable on or before the Closing Date (including
all such fees described in the Fee Letters).

          (c)  REFINANCING OF EXISTING CREDIT DOCUMENTS. (i) All Indebtedness
and other obligations issued under or in connection with any Existing Credit
Document shall have been repaid in full, (ii) each Existing Credit Document and
all documents executed in connection therewith shall have been terminated on
terms satisfactory to each of the Administrative Agent and the Syndication Agent
and (iii) the Administrative Agent shall have received payoff letters duly
executed and delivered by the appropriate Loan Parties, each Existing Agent and,
as requested by each of the Administrative Agent and the Syndication Agent in
their sole discretion, other creditors under the Existing Credit Documents, or
other evidence of such termination, in each case in form and substance
satisfactory to each of the Administrative Agent and the Syndication Agent.

          (D)  CONSUMMATION OF TRANSACTIONS AND CLOSING DATE RELATED DOCUMENTS.
Each of the Administrative Agent and the Syndication Agent shall be satisfied
(and may, but shall not be obligated to, rely on the receipt of a certificate
from any Loan Party or any Affiliate thereof for all or part of such purpose)
that (i) the terms and conditions of the Closing Date Acquisition Agreement
shall not have been amended, waived or modified without the approval of each of
the Administrative Agent and the Syndication Agent (other than non-material
amendments, waivers and modifications to such terms that do not, in the
aggregate, materially adversely affect the interests of the Collateral Agents,
the Syndication Agent, the Lenders and the Issuers), (ii) the Closing Date
Acquisition Agreement and each other Closing Date Related Documents shall have
been approved by all corporate action of each Loan Party party thereto and each
of the other parties thereto, shall have been executed and delivered by each
such party, shall be in full force and effect and there shall not have occurred
and be continuing any material breach or default thereunder, (iii) subject only
to the funding of the initial Loans hereunder, all conditions precedent to the
consummation of the Closing Date Acquisition shall have been satisfied or waived
with the consent of each of the Administrative Agent and the Syndication

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Agent, (iv) the Sponsor's Equity Investment shall have been made on terms and
conditions satisfactory to the each of the Administrative Agent and the
Syndication Agent, (v) the Subordinated Notes shall have been issued in
accordance with the Subordinated Notes Indenture and the Borrower shall have
received gross proceeds thereof in an aggregate amount not less than
$210,000,000, and the Secured Obligations shall constitute "Senior Debt" and
"Designated Senior Debt" under and as defined in the Subordinated Notes
Indenture, (vi) subject only to the funding of the initial Loans hereunder, the
Closing Date Acquisition shall have been consummated in accordance with the
Closing Date Acquisition Agreement and all applicable Requirements of Law and
all representations and warranties contained in the Closing Date Acquisition
Agreement and the other Closing Date Related Documents shall be true and correct
in all material respects on the Closing Date and (vii) good and marketable title
to the assets purported to be transferred as of the Closing Date by the terms of
the Closing Date Acquisition Agreement and each other Closing Date Related
Document, free and clear of all Liens (other than Liens permitted pursuant to
SECTION 8.2 (LIENS, ETC.)), shall be transferred to the Parent or its applicable
Subsidiary concurrently with the making of the initial Loans under this
Agreement.

          (E)  CONSENTS, ETC. Each of the Parent and its Subsidiaries shall have
received all consents and authorizations required pursuant to any material
Contractual Obligation with any other Person and shall have obtained all Permits
of, and effected all notices to and filings with, any Governmental Authority, in
each case, as may be necessary to allow each of the Parent and its Subsidiaries
lawfully (i) to execute, deliver and perform, in all material respects, their
respective obligations hereunder and under the Loan Documents and the Closing
Date Related Documents to which each of them, respectively, is, or shall be, a
party and each other agreement or instrument to be executed and delivered by
each of them, respectively, pursuant thereto or in connection therewith, (ii) to
create and perfect the Liens on the Collateral to be owned by each of them in
the manner and for the purpose contemplated by the Loan Documents and (iii) to
consummate the Closing Date Acquisition.

          SECTION 3.2    CONDITIONS PRECEDENT TO EACH LOAN AND LETTER OF CREDIT

          The obligation of each Lender on any date (including the Closing Date)
to make any Loan and of each Issuer on any date (including the Closing Date) to
Issue any Letter of Credit is subject to the satisfaction of each of the
following conditions precedent:

          (a)  REQUEST FOR BORROWING OR ISSUANCE OF LETTER OF CREDIT. With
respect to any Loan, the Administrative Agent shall have received a duly
executed Notice of Borrowing (or, in the case of Swing Loans, a duly executed
Swing Loan Request), and, with respect to any Letter of Credit, the
Administrative Agent and the Issuer shall have received a duly executed Letter
of Credit Request.

          (b)  REPRESENTATIONS AND WARRANTIES; NO DEFAULTS. The following
statements shall be true on the date of such Loan or Issuance, both before and
after giving effect thereto and, in the case of any Loan, to the application of
the proceeds thereof:

               (i)    the representations and warranties set forth in ARTICLE IV
     (REPRESENTATIONS AND WARRANTIES) and in the other Loan Documents shall be
     true and correct on and as of the Closing Date and shall be true and
     correct in all material respects on and as of any such date after the
     Closing Date with the same effect as though made on and as of such date,
     except to the extent such representations and warranties expressly

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     relate to an earlier date, in which case such representations and
     warranties shall have been true and correct in all material respects as of
     such earlier date; and

               (ii)   no Default or Event of Default shall have occurred and be
     continuing.

          (c)  NO LEGAL IMPEDIMENTS. The making of the Loans or the Issuance of
such Letter of Credit on such date does not violate any Requirement of Law on
the date of or immediately following such Loan or Issuance of such Letter of
Credit and is not enjoined, temporarily, preliminarily or permanently.

Each submission by the Borrower to the Administrative Agent of a Notice of
Borrowing or a Swing Loan Request and the acceptance by the Borrower of the
proceeds of each Loan requested therein, and each submission by the Borrower to
an Issuer of a Letter of Credit Request, and the Issuance of each Letter of
Credit requested therein, shall be deemed to constitute a representation and
warranty by the Borrower and the Parent as to the matters specified in CLAUSE
(b) above on the date of the making of such Loan or the Issuance of such Letter
of Credit.

          SECTION 3.3    CONDITIONS PRECEDENT TO EACH FACILITIES INCREASE

          Each Facilities Increase shall not become effective prior to the
satisfaction of all of the following conditions precedent:

          (a)  CERTAIN DOCUMENTS. The Administrative Agent shall have received
on or prior to the Facilities Increase Date for such Facilities Increase each of
the following, each dated such Facilities Increase Date unless otherwise
indicated or agreed to by the Administrative Agent and each in form and
substance satisfactory to the Administrative Agent:

               (i)    written commitments duly executed by existing Lenders (or
     their Affiliates or Approved Funds) or Eligible Assignees in an aggregate
     amount equal to the amount of the proposed Facilities Increase (as agreed
     between the Borrower and the Administrative Agent but in any case not to
     exceed, in the aggregate for all such Facilities Increases, the maximum
     amount set forth in SECTION 2.1(c) (FACILITIES INCREASE)) and, in the case
     of each such Eligible Assignee or Affiliate or Approved Fund that is not an
     existing Lender, an assumption agreement in form and substance satisfactory
     to the Administrative Agent and duly executed by the Borrower, the
     Administrative Agent and such Affiliate, Approved Fund or Eligible
     Assignee;

               (ii)   an amendment to this Agreement (including to SCHEDULE I
     (COMMITMENTS)), effective as of the Facilities Increase Date and executed
     by the Borrower and the Administrative Agent, to the extent necessary to
     implement terms and conditions of the Facilities Increase (including
     interest rates, fees and scheduled repayment dates and maturity), as agreed
     by the Borrower and the Administrative Agent but, which, in any case,
     except for of interest, fees, scheduled repayment dates and maturity, shall
     not be applied materially differently to the Facilities Increase and the
     existing Facilities;

               (iii)  certified copies of resolutions of the Board of Directors
     of each Loan Party approving the consummation of such Facilities Increase
     and the execution,

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     delivery and performance of the corresponding amendments to this Agreement
     and the other documents to be executed in connection therewith;

               (iv)   a favorable opinion of counsel for the Loan Parties,
     addressed to the Administrative Agent and the Lenders and in form and
     substance and from counsel reasonably satisfactory to the Administrative
     Agent; and

               (v)    such other document as the Administrative Agent may
     reasonably request or as any Lender participating in such Facilities
     Increase may require as a condition to its commitment in such Facilities
     Increase.

          (b)  FEE AND EXPENSES PAID. There shall have been paid to the
Administrative Agent, for the account of the Administrative Agent and the
Lenders (including any Person becoming a Lender as part of such Facilities
Increase on such Facilities Increase Date), as applicable, all fees and expenses
(including reasonable fees and expenses of counsel) due and payable on or before
the Facilities Increase Date (including all such fees described in the Fee
Letters).

          (c)  CONDITIONS TO EACH LOAN AND LETTER OF CREDIT. (i) The conditions
precedent set forth in SECTION 3.2 (CONDITIONS PRECEDENT TO EACH LOAN AND LETTER
OF CREDIT) shall have been satisfied both before and after giving effect to such
Facilities Increase, (ii) such Facilities Increase shall be made on the terms
and conditions set forth in SECTION 2.1(c)(i) (FACILITIES INCREASE) and (iii)
the Borrower and the Parent shall be in compliance with ARTICLE V (FINANCIAL
COVENANTS) on such Facilities Increase Date for the most recently ended Fiscal
Quarter on a pro forma basis both before and after giving effect to such
Facilities Increase.

          (d)  YIELD MAINTENANCE. (i) The "all-in yield" (on a marked-to-market
basis) of such Facilities Increase for the Tranche B Facility or Revolving
Credit Facility shall not exceed such all-in yield for the existing Tranche B
Facility or Revolving Credit Facility (after giving effect to any increase in
the Applicable Margin applicable to the existing Tranche B Facility and
Revolving Credit Facility becoming effective on the Facilities Increase Date)
and (ii) as of such Facilities Increase Date, the weighted average life of such
Facilities Increase for the Tranche B Facility or Revolving Credit Facility
shall not be shorter than the weighted average life for the existing Tranche B
Facility or Revolving Credit Facility.

          SECTION 3.4    DETERMINATIONS OF INITIAL BORROWING CONDITIONS

          For purposes of determining compliance with the conditions specified
in SECTION 3.1 (CONDITIONS PRECEDENT TO INITIAL LOANS AND LETTERS OF CREDIT),
each Lender shall be deemed to have consented to, approved, accepted or be
satisfied with, each document or other matter required thereunder to be
consented to or approved by or acceptable or satisfactory to the Lenders unless
an officer of the Administrative Agent responsible for the transactions
contemplated by the Loan Documents shall have received notice from such Lender
prior to the initial Borrowing, borrowing of Swing Loans or Issuance or deemed
Issuance hereunder specifying its objection thereto and such Lender shall not
have made available to the Administrative Agent such Lender's Ratable Portion of
such Borrowing or Swing Loans.

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                                   ARTICLE IV

                         REPRESENTATIONS AND WARRANTIES

          To induce the Lenders, the Issuers and the Collateral Agents to enter
into this Agreement, each of the Parent and the Borrower represents and warrants
each of the following to the Lenders, the Issuers and the Collateral Agents, on
and as of the Closing Date and after giving effect to the Transactions and the
making of the Loans and the other financial accommodations on the Closing Date
and on and as of each date as required by SECTION 3.2(b)(i) (CONDITIONS
PRECEDENT TO EACH LOAN AND LETTER OF CREDIT):

          SECTION 4.1    CORPORATE EXISTENCE; COMPLIANCE WITH LAW

          (a)  Each of the Parent and its Subsidiaries (i) is duly organized,
validly existing and in good standing under the laws of the jurisdiction of its
organization, (ii) is duly qualified to do business as a foreign entity and in
good standing under the laws of each jurisdiction where such qualification is
necessary, except where the failure to be so qualified or in good standing would
not, in the aggregate, have a Material Adverse Effect, (iii) has all requisite
power and authority and the legal right to own, pledge, mortgage and operate its
properties, to lease the property it operates under lease and to conduct its
business as now or currently proposed to be conducted, (iv) is in compliance
with its Constituent Documents, (v) is in compliance with all applicable
Requirements of Law except where the failure to be in compliance would not, in
the aggregate, have a Material Adverse Effect and (vi) has all necessary Permits
from or by, has made all necessary filings with, and has given all necessary
notices to, each Governmental Authority having jurisdiction, to the extent
required for such ownership, operation and conduct, except for Permits or
filings that can be obtained or made by the taking of ministerial action to
secure the grant or transfer thereof or the failure to obtain or make would not,
in the aggregate, have a Material Adverse Effect.

          (b)  None of the Parent, any of its Subsidiaries (and, to the
knowledge of the Parent and its Subsidiaries, no Permitted Joint Venture) is in
violation in any material respects of any United States Requirements of Law
relating to terrorism, sanctions or money laundering ("ANTI-TERRORISM LAWS"),
including United States Executive Order No. 13224 on Terrorist Financing (the
"ANTI-TERRORISM ORDER"), and the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001,
Public Law 107-56.

          (c)  None of the Parent. or any of its Subsidiaries (and, to the
knowledge of the Parent and its Subsidiaries, no Permitted Joint Venture) is any
of the following:

               (i)    a person that is listed in the annex to, or is otherwise
     subject to the provisions of, the Anti-Terrorism Order;

               (ii)   a person owned or controlled by, or acting for or on
     behalf of, any person that is listed in the annex to, or is otherwise
     subject to the provisions of, the Anti-Terrorism Order;

               (iii)  a person that commits, threatens or conspires to commit or
     supports "terrorism" as defined in the Executive Order; or

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               (iv)   a person that is named as a "specially designated national
     and blocked person" in the most current list published by the U.S. Treasury
     Department Office of Foreign Assets Control.

          (d)  To the knowledge of the Parent and its Subsidiaries, none of the
Parent or any of its Subsidiaries and no Permitted Joint Venture (i) conducts
any business or engages in making or receiving any contribution of funds, goods
or services to or for the benefit of any person described in CLAUSE (c) above,
(ii) deals in, or otherwise engages in any transactions relating to, any
property or interests in property blocked pursuant to the Anti-Terrorism Order
or (iii) engages in or conspires to engage in any transaction that evades or
avoids, or has the purpose of evading or avoiding, or attempts to violate, any
of the prohibitions set forth in any Anti-Terrorism Law.

          SECTION 4.2    CORPORATE POWER; AUTHORIZATION; ENFORCEABLE OBLIGATIONS

          (a)  The execution, delivery and performance by each Loan Party of the
Loan Documents to which it is a party and the consummation of the transactions
contemplated thereby:

               (i)    are within such Loan Party's corporate, limited liability
     company, partnership or other powers;

               (ii)   have been or, at the time of delivery thereof pursuant to
     ARTICLE III (CONDITIONS TO LOANS AND LETTERS OF CREDIT) will have been duly
     authorized by all necessary action, including the consent of shareholders,
     partners and members where required;

               (iii)  do not and will not (A) contravene such Loan Party's or
     any of its Subsidiaries' respective Constituent Documents, (B) violate any
     other Requirement of Law applicable to such Loan Party (including
     Regulations T, U and X of the Federal Reserve Board), or any order or
     decree of any Governmental Authority or arbitrator applicable to such Loan
     Party, (C) conflict with or result in the breach of, or constitute a
     default under, or result in or permit the termination or acceleration of,
     any Related Document or any other material Contractual Obligation of such
     Loan Party or any of its Subsidiaries or (D) result in the creation or
     imposition of any Lien upon any property of such Loan Party or any of its
     Subsidiaries, other than those in favor of the Secured Parties pursuant to
     the Collateral Documents; and

               (iv)   do not require the consent of, authorization by, approval
     of, notice to, or filing or registration with, any Governmental Authority
     or any other Person, other than those listed on SCHEDULE 4.2 (CONSENTS) and
     that have been or will be, prior to the Closing Date, obtained or made,
     copies of which have been or will be delivered to the Administrative Agent
     pursuant to SECTION 3.1 (CONDITIONS PRECEDENT TO INITIAL LOANS AND LETTERS
     OF CREDIT), and each of which on the Closing Date will be in full force and
     effect and, with respect to the Collateral, filings required to perfect the
     Liens created by the Collateral Documents and release Liens in respect of
     the Existing Credit Documents.

          (b)  This Agreement has been, and each of the other Loan Documents
will have been upon delivery thereof pursuant to the terms of this Agreement,
duly executed and delivered by each Loan Party party thereto. This Agreement is,
and the other Loan Documents will be, when delivered hereunder, the legal, valid
and binding obligation of each Loan Party

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                                                                CREDIT AGREEMENT
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party thereto, enforceable against such Loan Party in accordance with its terms,
except as such enforceability may be limited by general principles of equity and
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the enforcement of creditors' rights generally.

          SECTION 4.3    OWNERSHIP OF PARENT; SUBSIDIARIES

          (a)  Set forth on SCHEDULE 4.3 (OWNERSHIP OF LOAN PARTIES) is a
complete and accurate list showing, as of the Closing Date, Parent and all of
its Subsidiaries and, as to each such Person, the jurisdiction of its
organization, the number of shares of each class of Stock authorized (if
applicable), the number outstanding on the Closing Date and the number and
percentage of the outstanding shares of each such class owned (directly or
indirectly) by any Loan Party.

          (b)  No Stock of the Parent or any Subsidiary of the Parent is subject
to any outstanding option, warrant, right of conversion or purchase of any
similar right. All of the outstanding capital stock of each Holding Company has
been validly issued, is fully paid and non-assessable (as applicable) and is
owned beneficially and of record by the Parent, free and clear of all Liens
other than the Lien in favor of the Secured Parties created by the Pledge and
Security Agreement and Customary Permitted Liens. All of the outstanding Stock
of each Subsidiary of the Parent owned (directly or indirectly) by the Parent
has been validly issued, is fully paid and non-assessable (to the extent
applicable) and is owned by the Parent or a Subsidiary of the Parent, free and
clear of all Liens other than the Lien in favor of the Secured Parties created
pursuant to the Pledge and Security Agreement and Customary Permitted Liens.
Neither the Parent nor any of its Subsidiaries is a party to (or, with respect
to the Stock of each Subsidiary of the Parent, has knowledge of) (i) any
agreement restricting the transfer or hypothecation of any Stock of any such
Subsidiary, other than the Loan Documents or (ii) any agreement or understanding
with respect to the voting, sale or transfer of any shares of Stock of the
Parent or any agreement restricting the transfer or hypothecation of any such
shares. Neither the Parent nor the Parent owns or holds, directly or indirectly,
any Stock of any Person other than such Subsidiaries and Investments permitted
by SECTION 8.3 (INVESTMENTS).

          SECTION 4.4    FINANCIAL STATEMENTS

          (a)  The Financial Statements listed on SCHEDULE 4.4 (FINANCIAL
STATEMENTS), copies of each of which have been furnished to each Lender, fairly
present in all material respects, subject, in the case of such Financial
Statements that are not certified by independent financial accountants to the
absence of footnote disclosure and normal recurring year-end audit adjustments,
the Consolidated financial condition of the Parent and its Subsidiaries as at
the dates set forth on such SCHEDULE 4.4 for such Financial Statements and the
Consolidated results of the operations of the Parent and its Subsidiaries for
the period ended on such dates, all in conformity with GAAP.

          (b)  As of the Closing Date, none of the Parent or any of the Parent's
Subsidiaries has any material obligation, contingent liability or liability for
taxes, long-term leases or unusual forward or long-term commitment that (i) is
not reflected in the Financial Statements referred to in CLAUSE (a) above or in
the notes thereto, (ii) is required to be disclosed in such Financial Statements
and (iii) is not permitted by this Agreement.

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                                                                CREDIT AGREEMENT
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          (c)  The Projections have been prepared by the Parent in light of the
past operations of its business, and reflect projections for the period from
January 1, 2004 through March 31, 2011 on a quarter by quarter basis through
March 31, 2005 and on a year by year basis thereafter. The Projections are based
upon estimates and assumptions stated therein, all of which the Parent believes
to be reasonable and fair on the Closing Date in light of current conditions and
current facts known to the Parent and, as of the Closing Date, reflect the
Parent's good faith and reasonable estimates of the future financial performance
of the Parent and its Subsidiaries and of the other information projected
therein for the periods set forth therein. Notwithstanding the foregoing, it is
understood that such Projections are subject to significant uncertainties and
contingencies, many of which are beyond the control of the Parent and its
Subsidiaries and that no assurance can be given that such Projections will be
realized.

          (d)  The pro forma unaudited Consolidated balance sheet of the Parent
and its Subsidiaries, a copy of which has been delivered to each Lender, has
been prepared as of March 19, 2004 and reflects, as of such date, on a Pro Forma
Basis, the Consolidated financial condition of the Parent and its Subsidiaries,
and the assumptions expressed therein were reasonable based on the information
available to the Parent at the time so furnished and on the Closing Date.

          SECTION 4.5    MATERIAL ADVERSE CHANGE

          Since December 31, 2002, there has been no Material Adverse Change and
there have been no events or developments that, in the aggregate, have had a
Material Adverse Effect.

          SECTION 4.6    SOLVENCY

          Both before and after giving effect to (a) the Loans and Letter of
Credit Obligations to be made or extended on the Closing Date or such other date
as Loans and Letter of Credit Obligations requested hereunder are made or
extended, (b) the disbursement of the proceeds of such Loans pursuant to the
instructions of the Borrower, (c) the Closing Date Acquisition and the
consummation of the other Transactions and other financing transactions
contemplated hereby, (d) the payment and accrual of all transaction costs in
connection with the foregoing and (e) all contingent rights of contribution and
all intercompany loans, the Borrower is Solvent and the Loan Parties, on a
Consolidated Basis, are Solvent.

          SECTION 4.7    LITIGATION

          Except as set forth on SCHEDULE 4.7 (LITIGATION), there are no pending
or, to the knowledge of the Parent and the Borrower, threatened actions,
investigations or proceedings affecting the Parent or any of its Subsidiaries
before any court, Governmental Authority or arbitrator other than those that, in
the aggregate, would not have a Material Adverse Effect. The performance of any
action by any Loan Party required or contemplated by any Loan Document or any
Related Document is not restrained or enjoined (either temporarily,
preliminarily or permanently).

          SECTION 4.8    TAXES

          (a)  All federal and material state, local and foreign income and
franchise and other material tax returns, reports and statements (collectively,
the "TAX RETURNS") required to be filed by the Parent, any Holding Company or
any of their respective Tax Affiliates have been

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                                                                CREDIT AGREEMENT
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filed with the appropriate Governmental Authorities in all jurisdictions in
which such Tax Returns are required to be filed, all such Tax Returns are true
and correct in all material respects, and all taxes, charges and other
impositions reflected in such Tax Returns and all material federal and material
state, local and foreign income and franchise and other material taxes otherwise
due and payable have been paid prior to the date on which any fine, penalty,
interest, late charge or loss may be added thereto for non-payment thereof
except where contested in good faith and by appropriate proceedings if adequate
reserves therefor have been established on the books of the Parent, such Holding
Company or such Tax Affiliate in conformity with GAAP. On the Closing Date, no
Tax Return is under audit or examination by any Governmental Authority and no
notice of such an audit or examination has been given or made by any
Governmental Authority. No assertion of any claim for any material federal or
material state, local or foreign income, franchise or any other material taxes
has been given or made by any Governmental Authority that is in excess of any
reserves therefor that have been established on the books of the Parent, any
Holding Company or any of their respective Tax Affiliates in conformity with
GAAP and none of the Parent, any Holding Company or any of their respective Tax
Affiliates has any knowledge that any Governmental Authority is considering
making any such assertion in the foreseeable future. Proper and accurate amounts
have been withheld by the Parent, each Holding Company and each of their
respective Tax Affiliates from their respective employees for all periods in
full and complete compliance with the tax, social security and unemployment
withholding provisions of applicable Requirements of Law and such withholdings
have been timely paid to the respective Governmental Authorities.

          (b)  None of the Parent, any Holding Company or any of their
respective Tax Affiliates has (i) incurred any obligation under any tax sharing
agreement or arrangement other than those of which the Administrative Agent has
received a copy prior to the date hereof or (ii) been a member of an affiliated,
combined or unitary group other than the group of which the Parent, any Holding
Company or any of their respective Tax Affiliates is the common parent.

          SECTION 4.9    FULL DISCLOSURE

          The written, factual information (other than projections, budgets,
other estimates and general market data) concerning any of the Parent and its
Subsidiaries prepared or furnished by or on behalf of the Parent or the Borrower
in connection with this Agreement or the Related Documents or the consummation
of the transactions contemplated hereunder and thereunder taken as a whole,
including the information contained in the Disclosure Documents, does not, as of
the date furnished (or as of the date this representation is made when
considered together with all other information furnished thereafter), contain
any untrue statement of a material fact or omit to state a material fact
necessary to make the statements contained therein or herein, taken as a whole,
not materially misleading in light of the circumstances under which such
statements were and are made.

          SECTION 4.10   MARGIN REGULATIONS

          No Loan Party is engaged in the business of extending credit for the
purpose of purchasing or carrying margin stock (within the meaning of Regulation
U of the Federal Reserve Board), and no proceeds of any Loan will be used to
purchase or carry any such margin stock or to extend credit to others for the
purpose of purchasing or carrying any such margin stock in contravention of
Regulation T, U or X of the Federal Reserve Board.

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                                                                CREDIT AGREEMENT
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          SECTION 4.11   NO BURDENSOME RESTRICTIONS; NO DEFAULTS

          (a)  None of the Parent or any of its Subsidiaries (i) is a party to
any Contractual Obligation the compliance with one or more of which would have,
in the aggregate, a Material Adverse Effect or (ii) is subject to one or more
charter or corporate restrictions that would, in the aggregate, have a Material
Adverse Effect.

          (b)  None of the Parent or any of its Subsidiaries is in default under
or with respect to any Contractual Obligation owed by it and, to the knowledge
of the Parent and the Borrower, no other party is in default under or with
respect to any Contractual Obligation owed to any Loan Party or to any
Subsidiary of any Loan Party, other than, in either case, those defaults that,
in the aggregate, would not have a Material Adverse Effect.

          (c)  No Default or Event of Default has occurred and is continuing.

          (d)  To the knowledge of the Parent and the Borrower, there are no
Requirements of Law applicable to any Loan Party or any Subsidiary of any Loan
Party the compliance with which by such Loan Party or such Subsidiary, as the
case may be, would, in the aggregate, have a Material Adverse Effect.

          SECTION 4.12   INVESTMENT COMPANY ACT; PUBLIC UTILITY HOLDING COMPANY
ACT

          None of the Parent or any of its Subsidiaries is (a) an "INVESTMENT
COMPANY" or an "AFFILIATED PERSON" of, or "PROMOTER" or "PRINCIPAL UNDERWRITER"
for, an "INVESTMENT COMPANY," as such terms are defined in the Investment
Company Act of 1940, as amended or (b) a "HOLDING COMPANY" or an "AFFILIATE" of
a "HOLDING COMPANY" or a "SUBSIDIARY COMPANY" of a "HOLDING COMPANY," as each
such term is defined and used in the Public Utility Holding Company Act of 1935,
as amended.

          SECTION 4.13   USE OF PROCEEDS

          The proceeds of the Loans and the Letters of Credit are being used by
the Borrower (and, to the extent distributed to them by the Borrower, each other
Loan Party) solely (a) to refinance all Indebtedness and other obligations
(other than indemnification and other obligations that survive repayment of the
Indebtedness by their terms) outstanding under the Existing Credit Documents,
(b) to finance the Closing Date Acquisition and for the payment of related
transaction costs, fees and expenses, (c) for the payment of transaction costs,
fees and expenses incurred in connection with this Agreement and the
transactions contemplated hereby and (d) for working capital and general
corporate purposes (including to make Permitted Acquisitions).

          SECTION 4.14   INSURANCE

          All policies of insurance of any kind or nature of the Parent or any
of its Subsidiaries, including policies of life, fire, theft, product liability,
public liability, property damage, other casualty, employee fidelity, workers'
compensation and employee health and welfare insurance, are in full force and
effect and are of a nature and provide such coverage as, in the reasonable
business judgment of a Responsible Officer of the Parent, is sufficient,
appropriate and prudent for a business of the size and character of that of such
Person.

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                                                                CREDIT AGREEMENT
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          SECTION 4.15   LABOR MATTERS

          (a)  There are no strikes, work stoppages, slowdowns or lockouts
pending or threatened against or involving the Parent or any of its
Subsidiaries, other than those that, in the aggregate, would not have a Material
Adverse Effect.

          (b)  There are no unfair labor practices, grievances, complaints or
arbitrations pending, or, to the Borrower's and Parent's knowledge, threatened,
against or involving the Parent or any of its Subsidiaries, nor are there any
arbitrations or grievances threatened involving the Parent or any of its
Subsidiaries, other than those that, in the aggregate, would not have a Material
Adverse Effect.

          (c)  Except as set forth on SCHEDULE 4.15 (LABOR MATTERS), as of the
Closing Date, there is no collective bargaining agreement covering any employee
of the Parent or its Subsidiaries.

          (d)  SCHEDULE 4.15 (LABOR MATTERS) sets forth, as of the date hereof,
all material consulting agreements, executive employment agreements, executive
compensation plans, deferred compensation agreements, employee stock purchase
and stock option plans and severance plans of the Parent and any of its
Subsidiaries.

          SECTION 4.16   ERISA

          (a)  SCHEDULE 4.16 (LIST OF PLANS) separately identifies as of the
date hereof all Title IV Plans, all Multiemployer Plans and all of the employee
benefit plans within the meaning of Section 3(3) of ERISA to which the Parent or
any of its Subsidiaries has any obligation or liability, contingent or
otherwise.

          (b)  Each employee benefit plan of the Parent or any of its
Subsidiaries intended to qualify under Section 401 of the Code does so qualify,
and any trust created thereunder is exempt from tax under the provisions of
Section 501 of the Code, except where such failures, in the aggregate, would not
have a Material Adverse Effect.

          (c)  Each Title IV Plan is in compliance in all material respects with
applicable provisions of ERISA, the Code and other Requirements of Law except
for non-compliances that, in the aggregate, would not have a Material Adverse
Effect.

          (d)  There has been no, nor is there reasonably expected to occur, any
ERISA Event other than those that, in the aggregate, would not have a Material
Adverse Effect.

          (e)  Except to the extent set forth on SCHEDULE 4.16 (LIST OF PLANS),
none of the Parent or any of its Subsidiaries or any ERISA Affiliate would have
any Withdrawal Liability as a result of a complete withdrawal as of the date
hereof from any Multiemployer Plan.

          SECTION 4.17   ENVIRONMENTAL MATTERS

          Except as disclosed on SCHEDULE 4.17 (ENVIRONMENTAL MATTERS),

          (a)  the operations of the Parent and each of its Subsidiaries have
been and are in compliance with all Environmental Laws, including obtaining and
complying with all

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

required environmental, health and safety Permits, other than non-compliances
that, in the aggregate, would not have a reasonable likelihood of the Parent and
its Subsidiaries incurring Environmental Liabilities and Costs after the date
hereof whose Dollar Equivalent would exceed $5,000,000;

          (b)  none of the Parent or any of its Subsidiaries or any Real
Property currently or, to the knowledge of the Parent and the Borrower,
previously owned, operated or leased by or for the Parent or any of its
Subsidiaries is subject to any pending or, to the knowledge of the Parent and
the Borrower, threatened, claim, order, agreement, notice of violation, notice
of potential liability or is the subject of any pending or threatened proceeding
or governmental investigation under or pursuant to Environmental Laws other than
those that, in the aggregate, are not reasonably likely to result in the Parent
and its Subsidiaries incurring Environmental Liabilities and Costs whose Dollar
Equivalent would exceed $5,000,000;

          (c)  none of the Parent or any of its Subsidiaries is a treatment,
storage or disposal facility requiring a Permit under the Resource Conservation
and Recovery Act, 42 U.S.C. Section 6901 et seq., the regulations thereunder or
any state analog;

          (d)  there are no facts, circumstances or conditions arising out of or
relating to the operations or ownership of the Parent or of Real Property owned,
operated or leased by the Parent or any of its Subsidiaries that are not
specifically included in the financial information furnished to the Lenders
other than those that, in the aggregate, would not have a reasonable likelihood
of the Parent and its Subsidiaries incurring Environmental Liabilities and Costs
whose Dollar Equivalent would exceed $5,000,000;

          (e)  As of the date hereof, no Environmental Lien has attached to any
property of the Parent or any of its Subsidiaries and, to the knowledge of the
Parent and the Borrower, no facts, circumstances or conditions exist that could
reasonably be expected to result in any such Lien attaching to any such
property; and

          (f)  As of the Closing Date, the Parent and each of its Subsidiaries
has provided the Lenders with copies of all environmental, health or safety
audits, studies, assessments, inspections, investigations or other environmental
health and safety reports relating to the operations of the Parent or any of its
Subsidiaries or any Real Property of any of them that are in the possession,
custody or control of the Parent or any of its Subsidiaries.

          SECTION 4.18   INTELLECTUAL PROPERTY

          Except as disclosed on SCHEDULE 4.18 (INTELLECTUAL PROPERTY), (a) the
Parent and its Subsidiaries own or license or otherwise have the right to use
all licenses, permits, patents, patent applications, trademarks, trademark
applications, service marks, trade names, copyrights, copyright applications,
Internet domain names, franchises, authorizations and other intellectual
property rights (including all Intellectual Property) that are necessary for the
operations of their respective businesses, including all trade names associated
with any private label brands of the Parent or any of its Subsidiaries and (b)
to the Borrower's and the Parent's knowledge, no license, permit, patent, patent
application, trademark, trademark application, service mark, trade name,
copyright, copyright application, Internet domain name, franchise,
authorization, other intellectual property right (including all Intellectual
Property), slogan or other advertising device, product, process, method,
substance, part or component, or other material now employed, or now
contemplated to be employed, by the Parent or any of its Subsidiaries infringes
upon or conflicts

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                                                                CREDIT AGREEMENT
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with any rights owned by any other Person, and no claim or litigation regarding
any of the foregoing is pending or threatened which is reasonably likely to
result in a material liability to any Loan Party.

          SECTION 4.19   TITLE; REAL PROPERTY

          (a)  Each of the Parent and its Subsidiaries has good and marketable
title to, or valid leasehold interests in, all Real Property and good title to
all personal property, in each case that is purported to be owned or leased by
it, including those reflected on the most recent Financial Statements delivered
by the Parent, and none of such properties and assets is subject to any Lien,
except Liens permitted under SECTION 8.2 (LIENS, ETC.). The Parent and its
Subsidiaries have received all deeds, assignments, waivers, consents,
non-disturbance and recognition or similar agreements, bills of sale and other
documents in respect of, and have duly effected all recordings, filings and
other actions necessary to establish, protect and perfect, the Parent's and its
Subsidiaries' right, title and interest in and to all such property.

          (b)  Set forth on SCHEDULE 4.19 (REAL PROPERTY) is a complete and
accurate list of all Real Property of each Loan Party and its Subsidiaries and
showing, as of the Closing Date, the current street address (including, where
applicable, county, state and other relevant jurisdictions), record owner and,
where applicable, lessee thereof.

          (c)  All Permits required to have been issued or appropriate to enable
all Real Property of the Parent or any of its Subsidiaries to be lawfully
occupied and used for all of the purposes for which they are currently occupied
and used have been lawfully issued and are in full force and effect, other than
those that, in the aggregate, would not have a Material Adverse Effect.

          (d)  None of the Parent or any of its Subsidiaries has received any
notice, or has any knowledge, of any pending, threatened or contemplated
condemnation proceeding affecting any Real Property of the Parent or any of its
Subsidiaries or any part thereof, except those that, in the aggregate, would not
have a Material Adverse Effect.

          SECTION 4.20   RELATED DOCUMENTS

          (a)  As of the Closing Date (with respect to each Closing Date Related
Document), the closing date of any Acquisition (with respect to any Related
Document (other than the Shansby Documents) relating to any Acquisition other
than the Closing Date Acquisition) or the date of execution and delivery thereof
with respect to any other Closing Date, the execution, delivery and performance
by each Loan Party of the Related Documents (other than the Shansby Documents)
to which it is a party and the consummation of the transactions contemplated
thereby by such Loan Party:

               (i)    are within such Loan Party's respective corporate, limited
     liability company, partnership or other powers;

               (ii)   have been duly authorized by all necessary corporate or
     other action, including the consent of stockholders where required;

               (iii)  do not and will not (A) contravene or violate any Loan
     Party's or any of its Subsidiaries' respective Constituent Documents, (B)
     violate any other

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                                                                CREDIT AGREEMENT
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     Requirement of Law applicable to any Loan Party, (C) conflict with or
     result in the breach of, constitute a default under, or result in or permit
     the termination or acceleration of, any Contractual Obligation of any Loan
     Party or any of its Subsidiaries, except for those that, in the aggregate,
     would not have a Material Adverse Effect or (D) result in the creation or
     imposition of any Lien upon any property of any Loan Party or any of its
     Subsidiaries other than a Lien permitted under SECTION 8.2 (LIENS, ETC.);
     and

               (iv)   do not require the consent of, authorization by, approval
     of, notice to, or filing or registration with, any Governmental Authority
     or any other Person, other than those that (A) will have been obtained at
     the Closing Date, each of which will be in full force and effect on the
     Closing Date, none of which will on the Closing Date impose materially
     adverse conditions upon the exercise of control by the Parent over the
     Borrower or by the Borrower over any of its Subsidiaries and (B) in the
     aggregate, if not obtained, would not have a Material Adverse Effect.

          (b)  Each of the Related Documents has been or at the Closing Date
will have been duly executed and delivered by each Loan Party party thereto and
at the Closing Date will be the legal, valid and binding obligation of each Loan
Party party thereto, enforceable against such Loan Party in accordance with its
terms, except as such enforceability may be limited by general principles of
equity and applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting the enforcement of creditors' rights generally.

          (c)  As of the Closing Date, none of the Related Documents has been
amended or modified in any respect and no provision therein has been waived,
except in each case to the extent permitted by SECTION 8.12 (MODIFICATION OF
RELATED DOCUMENTS).

          (d)  The Secured Obligations constitute "Senior Debt" and "Designated
Senior Debt" under and as defined in the Subordinated Notes Indenture and
qualify as such under any terms of similar application defined in any
Subordinated Debt Document in respect of any Additional Subordinated Debt. No
other Indebtedness qualifies as "Designated Senior Debt" pursuant to the
Subordinated Notes Indenture or, if applicable, the Additional Subordinated
Debt.

                                    ARTICLE V

                               FINANCIAL COVENANTS

          Each of Parent and the Borrower agrees with the Lenders, the Issuers
and the Collateral Agents to each of the following, until all Secured
Obligations are paid in full and, in each case, unless the Requisite Lenders
otherwise consent in writing:

          SECTION 5.1    MAXIMUM LEVERAGE RATIO

          (a)  The Parent agrees with each of the Administrative Agent and each
Revolving Credit Lender, Tranche B Lender, Swing Loan Lender and Issuer that it
shall maintain, on the last day of each Fiscal Quarter set forth below, a
Leverage Ratio of not more than the maximum ratio set forth below opposite such
Fiscal Quarter:

<Table>
<Caption>
                FISCAL QUARTER ENDING         MAXIMUM LEVERAGE RATIO
          -------------------------------  -----------------------------
                  <S>                               <C>
                     June 30, 2004                  6.85 to 1
                  September 30, 2004                6.85 to 1
</Table>

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

<Table>
<Caption>
                FISCAL QUARTER ENDING         MAXIMUM LEVERAGE RATIO
          -------------------------------  -----------------------------
                  <S>                               <C>
                  December 31, 2004                 6.85 to 1

                    March 31, 2005                  6.75 to 1
                    June 30, 2005                   6.60 to 1
                  September 30, 2005                6.50 to 1
                  December 31, 2005                 6.25 to 1

                    March 31, 2006                  6.00 to 1
                    June 30, 2006                   6.00 to 1
                  September 30, 2006                5.75 to 1
                  December 31, 2006                 5.75 to 1

                    March 31, 2007                  5.75 to 1
                    June 30, 2007                   5.50 to 1
                  September 30, 2007                5.25 to 1
                  December 31, 2007                 5.25 to 1

                    March 31, 2008                  5.00 to 1
                    June 30, 2008                   5.00 to 1
                  September 30, 2008                4.75 to 1
                  December 31, 2008                 4.75 to 1

                    March 31, 2009                  4.50 to 1
                    June 30, 2009                   4.50 to 1
                  September 30, 2009                4.25 to 1
                  December 31, 2009                 4.25 to 1

                    March 31, 2010                  4.00 to 1
                    June 30, 2010                   4.00 to 1
                  September 30, 2010                3.75 to 1
                  December 31, 2010                 3.75 to 1

                    March 31, 2011                  3.75 to 1
</Table>

          (b)  The Parent agrees with each of the Tranche C Agent and each
Tranche C Lender that it shall maintain, on the last day of each Fiscal Quarter
set forth below, a Leverage Ratio of not more than the maximum ratio set forth
below opposite such Fiscal Quarter:

<Table>
<Caption>
                FISCAL QUARTER ENDING        MAXIMUM LEVERAGE RATIO
          -------------------------------  ------------------------------
                  <S>                               <C>
                    June 30, 2004                   7.25 to 1
                  September 30, 2004                7.25 to 1
                  December 31, 2004                 7.25 to 1

                    March 31, 2005                  7.15 to 1
                    June 30, 2005                   7.00 to 1
                  September 30, 2005                6.75 to 1
                  December 31, 2005                 6.50 to 1
</Table>

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                                                                CREDIT AGREEMENT
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<Table>
<Caption>
                FISCAL QUARTER ENDING         MAXIMUM LEVERAGE RATIO
          -------------------------------  ------------------------------
                  <S>                               <C>
                    March 31, 2006                  6.25 to 1
                    June 30, 2006                   6.25 to 1
                  September 30, 2006                6.00 to 1
                  December 31, 2006                 6.00 to 1

                    March 31, 2007                  6.00 to 1
                    June 30, 2007                   5.75 to 1
                  September 30, 2007                5.50 to 1
                  December 31, 2007                 5.50 to 1

                    March 31, 2008                  5.25 to 1
                    June 30, 2008                   5.25 to 1
                  September 30, 2008                5.00 to 1
                  December 31, 2008                 5.00 to 1

                    March 31, 2009                  4.75 to 1
                    June 30, 2009                   4.75 to 1
                  September 30, 2009                4.50 to 1
                  December 31, 2009                 4.50 to 1

                    March 31, 2010                  4.25 to 1
                    June 30, 2010                   4.25 to 1
                  September 30, 2010                4.00 to 1
                  December 31, 2010                 4.00 to 1

                    March 31, 2011                  4.00 to 1
</Table>

          SECTION 5.2    MINIMUM INTEREST COVERAGE RATIO

          (a)  The Parent agrees with each of the Administrative Agent and each
Revolving Credit Lender, Tranche B Lender, Swing Loan Lender and Issuer that it
shall maintain an Interest Coverage Ratio, as determined as of the last day of
each Fiscal Quarter set forth below, for the four Fiscal Quarters ending on such
day, of at least the minimum ratio set forth below opposite such Fiscal Quarter:

<Table>
<Caption>
                                                             MINIMUM INTEREST
          EACH FISCAL QUARTER ENDING DURING THE PERIOD        COVERAGE RATIO
          ------------------------------------------------   ----------------
           <S>                                                   <C>
           From June 30, 2004 through December 31, 2007          2.25 to 1

           From January 1, 2008 through December 31, 2008        2.50 to 1

           From January 1, 2009 through December 31, 2009        2.75 to 1

           From January 1, 2010 through December 31, 2010        3.00 to 1

           From January 1, 2011 through March 31, 2011           3.25 to 1
</Table>

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                                                                CREDIT AGREEMENT
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          (b)  The Parent agrees with each of the Tranche C Agent and each
Tranche C Lender that it shall maintain an Interest Coverage Ratio, as
determined as of the last day of each Fiscal Quarter set forth below, for the
four Fiscal Quarters ending on such day, of at least the minimum ratio set forth
below opposite such Fiscal Quarter:

<Table>
<Caption>
                                                             MINIMUM INTEREST
          EACH FISCAL QUARTER ENDING DURING THE PERIOD        COVERAGE RATIO
          ------------------------------------------------   ----------------
           <S>                                                   <C>
           From June 30, 2004 through December 31, 2007          2.00 to 1

           From January 1, 2008 through December 31, 2008        2.25 to 1

           From January 1, 2009 through December 31, 2009        2.50 to 1

           From January 1, 2010 through December 31, 2010        2.75 to 1

           From January 1, 2011 through March 31, 2011           3.00 to 1
</Table>

          SECTION 5.3    MINIMUM FIXED CHARGE COVERAGE RATIO

          (a)  The Parent agrees with each of the Administrative Agent and each
Revolving Credit Lender, Tranche B Lender, Swing Loan Lender and Issuer that it
shall maintain a Fixed Charge Coverage Ratio, as determined as of the last day
of each Fiscal Quarter set forth below, for the four Fiscal Quarters ending on
such day, of at least the minimum ratio set forth below opposite such Fiscal
Quarter:

<Table>
<Caption>
                                                            MINIMUM FIXED CHARGE
          EACH FISCAL QUARTER ENDING DURING THE PERIOD         COVERAGE RATIO
          ------------------------------------------------  --------------------
             <S>                                                 <C>
             From June 30, 2004 through March 31, 2011           1.50 to 1
</Table>

          (b)  The Parent agrees with each of the Tranche C Agent and each
Tranche C Lender that it shall maintain a Fixed Charge Coverage Ratio, as
determined as of the last day of each Fiscal Quarter set forth below, for the
four Fiscal Quarters ending on such day, of at least the minimum ratio set forth
below opposite such Fiscal Quarter:

<Table>
<Caption>
                                                            MINIMUM FIXED CHARGE
          EACH FISCAL QUARTER ENDING DURING THE PERIOD         COVERAGE RATIO
          ------------------------------------------------  --------------------
             <S>                                                 <C>
             From June 30, 2004 through March 31, 2011           1.25 to 1
</Table>

          SECTION 5.4    CAPITAL EXPENDITURES

          The Parent shall not make or incur, or permit to be made or incurred,
Capital Expenditures during each of the periods set forth below to be, in the
aggregate, in excess of the maximum amount set forth below for such period:

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

<Table>
<Caption>
                                                              MAXIMUM CAPITAL
                             PERIOD                            EXPENDITURES
          ------------------------------------------------    -----------------
            <S>                                                <C>
            From April 1, 2004 through March 31, 2005          $  2,500,000
            From April 1, 2005 through March 31, 2006          $  2,500,000
            From April 1, 2006 through March 31, 2007          $  2,500,000
            From April 1, 2007 through March 31, 2008          $  2,500,000
            From April 1, 2008 through March 31, 2009          $  2,500,000
            From April 1, 2009 through March 31, 2010          $  2,500,000
            From April 1, 2010 through March 31, 2011          $  2,500,000;
</Table>

PROVIDED, HOWEVER, that to the extent that actual Capital Expenditures for any
such period shall be less than the maximum amount set forth above for such
period (without giving effect to the carryover permitted by this proviso), the
difference between said stated maximum amount and such actual Capital
Expenditures shall, in addition, be available for Capital Expenditures in the
next succeeding period.

                                   ARTICLE VI

                               REPORTING COVENANTS

          Each of the Parent and the Borrower agrees with the Lenders, the
Issuers and the Collateral Agents to each of the following, until all Secured
Obligations are paid in full and, in each case, unless the Requisite Lenders
otherwise consent in writing:

          SECTION 6.1    FINANCIAL STATEMENTS

          The Parent shall furnish to the Administrative Agent each of the
following:

          (a)  MONTHLY REPORTS. Within 30 days after the end of each fiscal
month during the first Fiscal Year following the Closing Date, financial
information regarding the Parent and its Subsidiaries consisting of Consolidated
unaudited balance sheets as of the close of such month and the related
statements of income and cash flow for such month and that portion of such
Fiscal Year ending as of the close of such month, in each case certified by a
Responsible Officer of the Parent as fairly presenting in all material respects
the Consolidated financial position of the Parent and its Subsidiaries as at the
dates indicated and the results of their operations and cash flow for the
periods indicated in accordance with GAAP (subject to the absence of footnote
disclosure and normal year-end audit adjustments and other than the treatment of
co-op advertising expenses and coupon expenses).

          (b)  QUARTERLY REPORTS. Within 45 days after the end of each of the
first three Fiscal Quarters of each Fiscal Year, financial information regarding
the Parent and its Subsidiaries consisting of Consolidated and consolidating
unaudited balance sheets as of the close of such quarter and the related
statements of income and cash flow for such quarter and that portion of the
Fiscal Year ending as of the close of such quarter, setting forth in comparative
form the figures for the corresponding period in the prior year, in each case
certified by a Responsible Officer of the Parent as fairly presenting in all
material respects the Consolidated and consolidating financial position of the
Parent and its Subsidiaries as at the dates indicated and the results of their
operations and cash flow for the periods indicated in accordance with GAAP
(subject to the absence of footnote disclosure and normal year-end audit
adjustments and other than the treatment of co-op advertising expenses and
coupon expenses).

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                                                                CREDIT AGREEMENT
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          (c)  ANNUAL REPORTS. Within 100 days after the end of each Fiscal
Year, financial information regarding the Parent and its Subsidiaries consisting
of Consolidated and consolidating balance sheets of the Parent and its
Subsidiaries as of the end of such year and related statements of income and
cash flows of the Parent and its Subsidiaries for such Fiscal Year, all prepared
in conformity with GAAP and certified, in the case of such Consolidated
Financial Statements, without qualification as to the scope of the audit or as
to the Parent or the Borrower being a going concern by the Borrower's
Accountants, together with the report of such accounting firm stating that (i)
such Financial Statements fairly present in all material respects the
Consolidated financial position of the Parent and its Subsidiaries as at the
dates indicated and the results of their operations and cash flow for the
periods indicated in conformity with GAAP (other than the treatment of co-op
advertising expenses and coupon expenses) applied on a basis consistent with
prior years (except for changes with which the Borrower's Accountants shall
concur and that shall have been disclosed in the notes to the Financial
Statements) and (ii) the examination by the Borrower's Accountants in connection
with such Consolidated Financial Statements has been made in accordance with
generally accepted auditing standards.

          (d)  COMPLIANCE CERTIFICATE. Together with each delivery of any
Financial Statement pursuant to CLAUSE (b) or (c) above, a certificate of a
Responsible Officer of the Parent (each, a "COMPLIANCE CERTIFICATE") (i) showing
in reasonable detail the calculations used in determining the Leverage Ratio
(for purposes of determining the Applicable Margin) and demonstrating compliance
with each of the financial covenants contained in ARTICLE V (FINANCIAL
COVENANTS) that is tested on a quarterly basis and (ii) stating that no Default
or Event of Default has occurred and is continuing or, if a Default or an Event
of Default has occurred and is continuing, stating the nature thereof and the
action that the Parent proposes to take with respect thereto.

          (e)  CORPORATE CHART AND OTHER COLLATERAL UPDATES. Together with each
delivery of any Financial Statement pursuant to CLAUSE (b) or (c) above, (i) a
certificate of a Responsible Officer of the Parent certifying that the Corporate
Chart attached thereto (or the last Corporate Chart delivered pursuant to this
CLAUSE (e)) is true, correct, complete and current as of the date of such
Financial Statement and (ii) a certificate of a Responsible Officer of the
Parent in form and substance satisfactory to the Administrative Agent that all
certificates, statements, updates and other documents (including updated
schedules) required to be delivered pursuant to the Pledge and Security
Agreement by any Loan Party in the preceding Fiscal Quarter have been delivered
thereunder (or such delivery requirement was otherwise duly waived or extended).
The reporting requirements set forth in this CLAUSE (e) are in addition to, and
are not intended to and shall not replace or otherwise modify, any obligation of
any Loan Party under any Loan Document (including other notice or reporting
requirements). Compliance with the reporting obligations in this CLAUSE (e)
shall only provide notice to the Administrative Agent and shall not, by itself,
modify any obligation of any Loan Party under any Loan Document, update any
Schedule to this Agreement or any schedule to any other Loan Document or cure,
or otherwise modify in any way, any failure to comply with any covenant, or any
breach of any representation or warranty, contained in any Loan Document or any
other Default or Event of Default.

          (f)  BUSINESS PLAN. Not later than 30 days after the end of each
Fiscal Year, and containing substantially the types of financial information
contained in the Projections, (i) the annual business plan of the Parent and its
Subsidiaries for the Fiscal Year next succeeding such Fiscal Year approved by
the Board of Directors of the Parent and (ii) forecasts prepared by management
of the Parent for each of the two Fiscal Years next succeeding such Fiscal Year
(but

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                                                                CREDIT AGREEMENT
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in any event not beyond the Fiscal Year in which the last Term Loan Maturity
Date is scheduled to occur), including, in each instance described in CLAUSES
(ii) and (iii) above, (x) a projected year-end Consolidated balance sheet and
income statement and statement of cash flows and (y) a statement of all of the
material assumptions on which such forecasts are based.

          (g)  MANAGEMENT LETTERS, ETC. Within five Business Days after receipt
thereof by any Loan Party, copies of each management letter, exception report or
similar letter or report received by such Loan Party from its independent
certified public accountants (including the Borrower's Accountants).

          (h)  INTERCOMPANY LOAN BALANCES. Together with each delivery of any
Financial Statement pursuant to CLAUSE (b) above, a summary of the outstanding
balance of all intercompany Indebtedness as of the last day of the fiscal month
covered by such Financial Statement, certified by a Responsible Officer of the
Parent.

          SECTION 6.2    DEFAULT NOTICES

          As soon as practicable, and in any event within five Business Days
after a Responsible Officer of any Loan Party has actual knowledge of the
existence of any Default, Event of Default or other event having had a Material
Adverse Effect, the Parent shall give the Administrative Agent notice specifying
the nature of such Default or Event of Default or other event, which notice, if
given by telephone, shall be promptly confirmed in writing on the next Business
Day.

          SECTION 6.3    LITIGATION

          Promptly after the commencement thereof, the Parent shall give the
Administrative Agent written notice of the commencement of all actions, suits
and proceedings before any domestic or foreign Governmental Authority or
arbitrator affecting the Parent or any of its Subsidiaries that, in the
reasonable judgment of the Borrower or the Parent, expose the Parent or any of
its Subsidiaries to liability in an aggregate amount the Dollar Equivalent of
which would equal or exceed $10,000,000 or that would have a Material Adverse
Effect.

          SECTION 6.4    ASSET SALES

          Prior to any Asset Sale whose Net Cash Proceeds (or the Dollar
Equivalent thereof) are anticipated to exceed $10,000,000, the Parent shall send
the Administrative Agent a notice (a) describing such Asset Sale or the nature
and material terms and conditions of such transaction and (b) stating the
estimated Net Cash Proceeds anticipated to be received by the Parent or any of
its Subsidiaries.

          SECTION 6.5    NOTICES UNDER RELATED DOCUMENTS

          Promptly after the sending or filing thereof, the Parent shall send
the Administrative Agent copies of all material notices, certificates or reports
delivered pursuant to, or in connection with, any Related Document.

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          SECTION 6.6    SEC FILINGS; PRESS RELEASES

          Promptly after the sending or filing thereof, the Parent shall send
the Administrative Agent copies of (a) all reports that any Loan Party or the
Ultimate Parent sends to its security holders generally, (b) all reports and
registration statements that the Ultimate Parent, the Parent or any Subsidiary
of the Parent files with the Securities and Exchange Commission or any national
or foreign securities exchange or the National Association of Securities
Dealers, Inc. and (c) all other written statements concerning material changes
or developments in the business of such Loan Party made available by any Loan
Party to the public or any other creditor.

          SECTION 6.7    LABOR RELATIONS

          Promptly after becoming aware of the same, the Parent shall give the
Administrative Agent written notice of (a) any material labor dispute to which
the Parent or any of its Subsidiaries is a party, including any strikes,
lockouts or other material disputes relating to any of such Person's plants and
other facilities, and (b) any Worker Adjustment and Retraining Notification Act
or related liability incurred with respect to the closing of any plant or other
facility of any such Person.

          SECTION 6.8    TAX RETURNS

          Upon the request of any Lender, through the Administrative Agent, the
Parent shall provide copies of all federal, state, local and foreign tax returns
and reports filed by the Parent or any of its Subsidiaries in respect of taxes
measured by income (excluding sales, use and like taxes).

          SECTION 6.9    INSURANCE

          As soon as is practicable and in any event within 100 days after the
end of each Fiscal Year, the Parent shall furnish the Administrative Agent with
(a) a report in form and substance satisfactory to the Administrative Agent
outlining all material insurance coverage maintained as of the date of such
report by the Parent or any of its Subsidiaries and the duration of such
coverage and (b) an insurance broker's statement that all premiums then due and
payable with respect to such coverage have been paid and confirming that, with
respect to all such insurance coverage maintained by the Parent or any Loan
Party, each of the Administrative Agent, on behalf of the First-Priority Secured
Parties and the Tranche C Agent, on behalf of the Tranche C Secured Parties, has
been named as loss payee or additional insured, as applicable.

          SECTION 6.10   ERISA MATTERS

          The Parent shall furnish the Administrative Agent (with sufficient
copies for each of the Lenders) each of the following:

          (a)  promptly and in any event within 30 days after the Parent, any of
its Subsidiaries or any ERISA Affiliate knows or has reason to know that any
ERISA Event has occurred, written notice describing such event;

          (b)  promptly and in any event within 10 days after the Parent, any of
its Subsidiaries or any ERISA Affiliate knows or has reason to know that a
request for a minimum funding waiver under Section 412 of the Code has been
filed with respect to any Title IV Plan or

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

Multiemployer Plan, a written statement of a Responsible Officer of the Parent
describing such ERISA Event or waiver request and the action, if any, the
Parent, its Subsidiaries and ERISA Affiliates propose to take with respect
thereto and a copy of any notice filed with the PBGC or the IRS pertaining
thereto; and

          (c)  simultaneously with the date that the Parent, any of its
Subsidiaries or any ERISA Affiliate files a notice of intent to terminate any
Title IV Plan, if such termination would require material additional
contributions in order to be considered a standard termination within the
meaning of Section 4041(b) of ERISA, a copy of each notice.

          SECTION 6.11   ENVIRONMENTAL MATTERS

          The Parent shall provide the Administrative Agent promptly and in any
event within 10 days after the Parent or any of its Subsidiaries learning of any
of the following, written notice of each of the following:

          (a)  that any Loan Party or any Subsidiary of any Loan Party is or may
be liable to any Person as a result of a Release or threatened Release that
could reasonably be expected to subject such Loan Party or such Subsidiary to
Environmental Liabilities and Costs whose Dollar Equivalent shall exceed
$5,000,000;

          (b)  the receipt by any Loan Party or any Subsidiary of any Loan Party
of notification that any real or personal property of such Loan Party or such
Subsidiary is or is reasonably likely to be subject to any Environmental Lien;

          (c)  the receipt by any Loan Party or any Subsidiary of any Loan Party
of any notice of violation of or potential liability under, or knowledge by such
Loan Party or such Subsidiary that there exists a condition that could
reasonably be expected to result in a violation of or liability under, any
Environmental Law, except for violations and liabilities the consequence of
which, in the aggregate, would not be reasonably likely to subject the Loan
Parties and their Subsidiaries collectively to Environmental Liabilities and
Costs whose Dollar Equivalent shall exceed $5,000,000;

          (d)  the commencement of any judicial or administrative proceeding or
investigation alleging a violation of or liability under any Environmental Law,
that, in the aggregate, if adversely determined, would have a reasonable
likelihood of subjecting the Loan Parties and their Subsidiaries collectively to
Environmental Liabilities and Costs whose Dollar Equivalent shall exceed
$5,000,000;

          (e)  any proposed acquisition of stock, assets or real estate, any
proposed leasing of property or any other action by any Loan Party or any of its
Subsidiaries other than those the consequences of which, in the aggregate, have
reasonable likelihood of subjecting the Loan Parties and their Subsidiaries
collectively to Environmental Liabilities and Costs whose Dollar Equivalent
shall exceed $5,000,000;

          (f)  any proposed action by any Loan Party or any of its Subsidiaries
or any proposed change in Environmental Laws that, in the aggregate, have a
reasonable likelihood of requiring the Loan Parties to obtain additional
environmental, health or safety Permits or make additional capital improvements
to obtain compliance with Environmental Laws that, in the aggregate, would have
cost $5,000,000 or more or that shall subject the Loan Parties and their

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

Subsidiaries to additional Environmental Liabilities and Costs whose Dollar
Equivalent shall exceed $5,000,000; and

          (g)  upon written request by any Lender through the Administrative
Agent, a report providing an update of the status of any environmental, health
or safety compliance, hazard or liability issue identified in any notice or
report delivered pursuant to this Agreement.

          SECTION 6.12   MATERIAL CONTRACTS

          Promptly after any Responsible Officer becoming aware of the same, the
Parent shall give the Administrative Agent prior to the Closing Date written
notice of any cancellation, termination, loss of, or material adverse change to,
any material Contractual Obligation (including any Intellectual Property license
agreement, manufacturing agreement or other customer arrangement).

          SECTION 6.13   OTHER INFORMATION

          Each of the Parent and the Borrower shall provide the Administrative
Agent or any Lender with such other information respecting the business,
properties, condition, financial or otherwise, or operations of the Parent, any
Subsidiary of the Parent or any Joint Venture of any of them as the
Administrative Agent or such Lender through the Administrative Agent may from
time to time reasonably request.

                                   ARTICLE VII

                              AFFIRMATIVE COVENANTS

          Each of the Parent and the Borrower agrees with the Lenders, the
Issuers and the Collateral Agents to each of the following, until all Secured
Obligations are paid in full and, in each case, unless the Requisite Lenders
otherwise consent in writing:

          SECTION 7.1    PRESERVATION OF CORPORATE EXISTENCE, ETC.

          Each of the Parent and the Borrower shall, and shall cause each of
their respective Subsidiaries to, preserve and maintain its legal existence,
except as permitted by SECTION 8.4 (SALE OF ASSETS) and 8.7 (RESTRICTION ON
FUNDAMENTAL CHANGES; PERMITTED ACQUISITIONS).

          SECTION 7.2    COMPLIANCE WITH LAWS, ETC.

          Each of the Parent and the Borrower shall, and shall cause each of
their respective Subsidiaries to, comply with all applicable Requirements of
Law, Contractual Obligations and Permits, except where the failure so to comply
would not, in the aggregate, have a Material Adverse Effect.

          SECTION 7.3    CONDUCT OF BUSINESS

          Each of the Parent and the Borrower shall, and shall cause each of
their respective Subsidiaries to, (a) conduct its business in the ordinary
course and (b) use its reasonable efforts, in the ordinary course, to preserve
its business and the goodwill and business

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                                                                CREDIT AGREEMENT
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of the customers, advertisers, suppliers and others having business relations
with the Parent or any of its Subsidiaries, except in each case where the
failure to comply with the covenants in each of CLAUSES (a) and (b) above would
not, in the aggregate, have a Material Adverse Effect.

          SECTION 7.4    PAYMENT OF TAXES, ETC.

          Each of the Parent and the Borrower shall, and shall cause each of
their respective Subsidiaries to, pay and discharge before the same shall become
delinquent, all lawful material governmental claims and all material federal and
material state, local and foreign income, franchise and other taxes,
assessments, charges and levies, except where contested in good faith, by proper
proceedings and adequate reserves therefor have been established on the books of
the Parent, the Borrower or the appropriate Subsidiary in conformity with GAAP.

          SECTION 7.5    MAINTENANCE OF INSURANCE

          Each of the Parent and the Borrower shall (a) maintain for, itself,
and each of the Parent and the Borrower shall cause to be maintained for each of
their respective Subsidiaries, insurance with responsible and reputable
insurance companies or associations in such amounts and covering such risks
that, as determined in the good faith judgment of a Responsible Officer of
Parent to be sufficient, appropriate and prudent in the conduct of the business
of the kind conducted by Parent and its Subsidiaries, and, in any event, all
insurance required by any Collateral Documents and (b) cause all such insurance
relating to the Parent or any Loan Party to name each of the Administrative
Agent, on behalf of the First-Priority Secured Parties, and the Tranche C Agent,
on behalf of the Tranche C Secured Parties, as additional insured or loss payee,
as appropriate, and to provide that no cancellation or material change in
coverage shall be effective until after 10 days' written notice thereof to each
Collateral Agent.

          SECTION 7.6    ACCESS

          Each of the Parent and the Borrower shall, and shall cause each of
their respective Subsidiaries to, from time to time (but, if no Default or Event
of Default shall have occurred and be continuing, not more often than once per
Fiscal Year at the Borrower's expense) permit the Administrative Agent (or,
after the payment in full of the First-Priority Secured Obligations, the Tranche
C Agent), or any agents or representatives thereof, within two Business Days
after written notification of the same (except that during the continuance of an
Event of Default, no such notice shall be required) to, during the normal
business hours of the Parent, the Borrower or such Subsidiary, as applicable,
(a) examine and make copies of and abstracts from the records and books of
account of the Parent and each Subsidiary of the Parent, (b) visit the
properties of the Parent and each of its Subsidiaries, (c) discuss the affairs,
finances and accounts of the Parent and each of its Subsidiaries with any of
their respective officers or directors, as long as the Borrower is offered an
opportunity to be present during such discussions, and (d) communicate directly
with any of its certified public accountants (including the Borrower's
Accountants). Each of the Parent and the Borrower shall authorize its certified
public accountants (including the Borrower's Accountants), and shall use its
commercially reasonable efforts to cause the certified public accountants of any
of their respective Subsidiaries, if any, to disclose to the Collateral Agents
any and all financial statements and other information as either Collateral
Agent reasonably requests and that such accountants may have with respect to the
business, financial condition, results of operations or other affairs of the
Parent or its Subsidiaries.

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                                                                CREDIT AGREEMENT
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          SECTION 7.7    KEEPING OF BOOKS

          Each of the Parent and the Borrower shall, and shall cause each of
their respective Subsidiaries to, keep, proper books of record and account, in
which full and correct entries shall be made in conformity with GAAP of all
financial transactions and the assets and business of the Parent, the Borrower
and each such Subsidiary.

          SECTION 7.8    MAINTENANCE OF PROPERTIES, ETC.

          Each of the Parent and the Borrower shall, and shall cause each of
their respective Subsidiaries to, maintain and preserve (a) in good working
order and condition all of its material properties necessary in the conduct of
its business, (b) all rights, permits, licenses, approvals and privileges
(including all Permits) used or useful or necessary in the conduct of its
business and (c) all registered patents, trademarks, trade names, copyrights and
service marks with respect to its business, except where failure to so maintain
and preserve the items set forth in CLAUSES (a), (b) and (c) above would not, in
the aggregate, have a Material Adverse Effect.

          SECTION 7.9    APPLICATION OF PROCEEDS

          The Borrower (and, to the extent distributed to them by the Borrower,
each Loan Party) shall use the entire amount of the proceeds of the Loans as
provided in SECTION 4.13 (USE OF PROCEEDS).

          SECTION 7.10   ENVIRONMENTAL

          Each of the Parent and the Borrower shall, and shall cause each of
their respective Subsidiaries to, comply in all material respects with
Environmental Laws and, without limiting the foregoing, the Borrower shall, at
its sole cost and expense, upon receipt of any notification or otherwise
obtaining knowledge of any Release or other event that has any reasonable
likelihood of any of the Parent or any of its Subsidiaries incurring
Environmental Liabilities and Costs whose Dollar Equivalent shall exceed
$2,500,000 in the aggregate, (a) conduct, or pay for consultants to conduct,
tests or assessments of environmental conditions at such operations or
properties, including the investigation and testing of subsurface conditions and
(b) take such Remedial Action and undertake such investigation or other action
as required by Environmental Laws or as any Governmental Authority requires or
as is appropriate and consistent with good business practice to address the
Release or event and otherwise ensure compliance with Environmental Laws.

          SECTION 7.11   ADDITIONAL COLLATERAL AND GUARANTIES

          To the extent not delivered to the Administrative Agent on or before
the Closing Date (including in respect of after-acquired property and Persons
that become Subsidiaries of any Loan Party after the Closing Date), each of the
Parent and the Borrower agrees promptly to do, or to cause each of their
respective Subsidiaries to do, each of the following, unless otherwise agreed by
the Administrative Agent:

          (a)  deliver to the Administrative Agent such duly executed
supplements and amendments to the Guaranty (or, in the case of any Subsidiary of
any Loan Party that is not a Domestic Subsidiary or that holds shares in any
Person that is not a Domestic Subsidiary, foreign guarantees and related
documents), in each case in form and substance reasonably satisfactory to

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the Administrative Agent and as the Administrative Agent deems necessary or
advisable in order to ensure that each Subsidiary of each Loan Party (and each
other Person having entered into Guaranty Obligations or otherwise became liable
in respect of any Subordinated Debt) guaranties, as primary obligor and not as
surety, the full and punctual payment when due of the Obligations or any part
thereof; PROVIDED, HOWEVER, in no event shall any Excluded Foreign Subsidiary be
required to guaranty the payment of the Obligations unless the Parent and the
Administrative Agent otherwise agree;

          (b)  deliver to the Administrative Agent such duly-executed joinder
and amendments to the Pledge and Security Agreement and, if applicable, other
Collateral Documents (or, in the case of any such Subsidiary of any Loan Party
that is not a Domestic Subsidiary or that holds shares in any Person that is not
a Domestic Subsidiary, foreign charges, pledges, security agreements and other
Collateral Documents), in each case in form and substance reasonably
satisfactory to the Administrative Agent and as the Administrative Agent deems
necessary or advisable in order to (i) effectively grant the Requisite Priority
Liens in the Stock and Stock Equivalents and other debt Securities owned by any
Loan Party, any Subsidiary of any Loan Party or any other Person having entered
into Guaranty Obligations or otherwise became liable in respect of any
Subordinated Debt and (ii) effectively grant the Requisite Priority Liens in all
property interests and other assets of any Loan Party, any Subsidiary of any
Loan Party or any Subsidiary of the Borrower or the Parent having entered into
Guaranty Obligations or otherwise became liable in respect of any Subordinated
Debt or any other Person planning to enter, having entered or having agreed to
enter into any such Guaranty Obligations or liability; PROVIDED, HOWEVER, in no
event shall (x) any Loan Party or any of its Subsidiaries, individually or
collectively, be required to pledge in excess of 66% of the outstanding Voting
Stock of any Excluded Foreign Subsidiary unless the Parent and the
Administrative Agent otherwise agree or (y) any assets of any Excluded Foreign
Subsidiary be required to be pledged, unless the Parent and the Administrative
Agent otherwise agree;

          (c)  deliver to the Administrative Agent all certificates, instruments
and other documents representing all Pledged Stock, Pledged Debt Instruments and
all other Stock, Stock Equivalents and other debt Securities being pledged
pursuant to the joinders, amendments and foreign agreements executed pursuant to
CLAUSE (b) above, together with (i) in the case of certificated Pledged Stock
and other certificated Stock and Stock Equivalents, undated stock powers
endorsed in blank and (ii) in the case of Pledged Debt Instruments and other
certificated debt Securities, endorsed in blank, in each case executed and
delivered by a Responsible Officer of such Loan Party or such Subsidiary
thereof, as the case may be;

          (d)  use commercially reasonable efforts to deliver to the
Administrative Agent Landlord Waivers (or, as applicable, Bailee's Letters) to
the extent requested by the Administrative Agent, with respect to any location
of inventory of any Loan Party;

          (e)  to take such other actions necessary or advisable to ensure the
validity or continuing validity of the guaranties required to be given pursuant
to CLAUSE (a) above or to create, maintain or perfect the security interest
required to be granted pursuant to CLAUSE (b) above, including the filing of UCC
financing statements in such jurisdictions as may be required by the Collateral
Documents or by law or as may be reasonably requested by the Administrative
Agent;

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          (f)  if requested by the Administrative Agent, deliver to the
Collateral Agents legal opinions relating to the matters described above, which
opinions shall be in form and substance, and from counsel, reasonably
satisfactory to each Collateral Agent.

          SECTION 7.12   CONTROL ACCOUNTS; APPROVED DEPOSIT ACCOUNTS

          (a)  Each of the Parent and the Borrower shall, and shall cause each
of their respective Subsidiaries, with the exception of any Excluded Foreign
Subsidiary, to (i) deposit in an Approved Deposit Account all cash they receive,
(ii) not establish or maintain any Securities Account that is not a Control
Account and (iii) not establish or maintain any Deposit Account other than with
a Deposit Account Bank; PROVIDED, HOWEVER, that each of the Parent and the
Borrower and each of their respective Subsidiaries (x) deposit cash in and
maintain payroll, withholding tax and other fiduciary accounts, in each case
that are not Approved Deposit Accounts, (y) deposit cash in and maintain other
accounts that are not Approved Deposit Accounts as long as the Dollar Equivalent
of the aggregate balance in all such accounts does not exceed $3,000,000 and (z)
deposit cash in and maintain the accounts set forth on SCHEDULE 7.15
(POST-CLOSING DELIVERIES) until the date set forth on such Schedule for each
such account (as the same may be extended by the Administrative Agent).

          (b)  The Administrative Agent may establish one or more Cash
Collateral Accounts with such depositaries and Securities Intermediaries as it
in its sole discretion shall determine; PROVIDED, HOWEVER, that no Cash
Collateral Account shall be established with respect to the assets of any
Excluded Foreign Subsidiary. Without limiting the foregoing, funds on deposit in
any Cash Collateral Account may be invested (but the Administrative Agent shall
be under no obligation to make any such investment) in Cash Equivalents at the
direction of the Administrative Agent and, except during the continuance of an
Event of Default, the Administrative Agent agrees with the Parent to issue
Entitlement Orders for such investments in Cash Equivalents as requested by the
Parent; PROVIDED, HOWEVER, that the Administrative Agent shall not have any
responsibility for, or bear any risk of loss of, any such investment or income
thereon. None of the Parent, the Borrower, any of their respective Subsidiaries
or any other Loan Party or Person claiming on behalf of or through the Parent,
the Borrower, any of their respective Subsidiaries or any other Loan Party shall
have any right to demand payment of any funds held in any Cash Collateral
Account at any time prior to the termination of all outstanding Letters of
Credit and the payment in full (as defined in the Intercreditor Agreement) of
all then outstanding and payable monetary Obligations.

          SECTION 7.13   REAL PROPERTY

          (a)  Each of the Parent and the Borrower shall, and shall cause each
of their respective Subsidiaries to, (i) comply in all material respects with
all of their respective obligations under all of their respective material
Leases now or hereafter held respectively by them, including the Leases set
forth on SCHEDULE 4.19 (REAL PROPERTY), (ii) not modify, amend, cancel, extend
or otherwise change in any materially adverse manner any term, covenant or
condition of any such Lease, (iii) not assign or sublet any other Lease if such
assignment or sublet would have a Material Adverse Effect and (iv) provide the
Administrative Agent with a copy of each notice of default under any Lease
received by the Parent, the Borrower or any of their respective Subsidiaries
immediately upon receipt thereof and deliver to the Administrative Agent a copy
of each notice of default sent by the Parent, the Borrower or any of their
respective Subsidiaries under any Lease simultaneously with its delivery of such
notice under such Lease.

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          (b)  At least 15 Business Days prior to (i) entering into any Lease
(other than a renewal of an existing Lease) or, if earlier, entering into
possession of any leased premise, in each case for the principal place of
business and chief executive office of the Parent, the Borrower or any other
Guarantor or any other Lease (including any renewal) in which the Dollar
Equivalent of the annual rental payments are anticipated to equal or exceed
$1,000,000 or (ii) acquiring any material owned Real Property, the Parent shall,
and each of the Parent and the Borrower shall cause each Guarantor to, provide
the Administrative Agent written notice thereof.

          (c)  To the extent requested by the Administrative Agent, not
previously delivered to the Administrative Agent and not prohibited pursuant to
the Contractual Obligation granting a Lien permitted hereunder on such Real
Property or Lease, upon written request of the Administrative Agent, each of the
Parent and the Borrower shall, and shall cause each other Loan Party to, execute
and deliver to the Administrative Agent, for the benefit of the Secured Parties,
promptly and in any event not later than 45 days after receipt of such notice
(or, if such notice is given by the Administrative Agent prior to the
acquisition of such Real Property or Lease, immediately upon such acquisition),
a Mortgage on any Real Property or Lease of such Loan Party, together with (i)
if requested by the Administrative Agent and such Real Property is located in
the United States or is a Lease of Real Property located in the United States,
all Mortgage Supporting Documents relating thereto or (ii) otherwise, documents
similar to Mortgage Supporting Documents deemed by the Administrative Agent to
be appropriate in the applicable jurisdiction to obtain the equivalent in such
jurisdiction of mortgages on such Real Property or Lease constituting the
Requisite Priority Liens; PROVIDED, HOWEVER, that the Parent and the Borrower
shall not have to deliver any Mortgage to the Administrative Agent on any Lease
with respect to office space to the extent such Lease is in effect on the date
hereof (and reviewed by the Administrative Agent prior to the date hereof),
together with all replacements for such Lease on terms and conditions (including
financial terms) not materially worse for the Borrower.

          SECTION 7.14   INTEREST RATE CONTRACTS

          The Borrower shall, within 90 days after the Closing Date, enter into
an Interest Rate Contract or Contracts, on terms reasonably satisfactory to the
Administrative Agent, to provide protection against interest rates on
Indebtedness bearing floating interest rates for a period of 2 years with
respect to a notional amount of at least the excess of (a) 50% of the aggregate
outstanding principal amount of Indebtedness of the Parent and its Subsidiaries
(other than the Revolving Loans) bearing floating interest rates over (b) the
aggregate outstanding principal amount of Indebtedness of the Parent and its
Subsidiaries bearing fixed interest rates.

          SECTION 7.15   POST-CLOSING DELIVERIES

          Each of the Parent and the Borrower shall, and shall cause each of
their respective Subsidiaries to, (a) deliver to the Administrative Agent each
item set forth on SCHEDULE 7.15 (POST-CLOSING DELIVERIES) in form and substance
reasonably satisfactory to the Administrative Agent and (b) perform each action
set forth in SCHEDULE 7.15 (POST-CLOSING DELIVERIES) in a manner reasonably
satisfactory to the Administrative Agent, in each case (x) within the periods
set forth opposite each such item or action on such Schedule and (y) unless
otherwise agreed by the Administrative Agent in respect of any such item or
action.

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                                  ARTICLE VIII

                               NEGATIVE COVENANTS

          Each of the Borrower and the Parent agrees with the Lenders, the
Issuers and the Administrative Agent to each of the following, until all Secured
Obligations are paid in full and, in each case, unless the Requisite Lenders
otherwise consent in writing:

          SECTION 8.1    INDEBTEDNESS

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, directly or indirectly create, incur,
assume or otherwise become or remain directly or indirectly liable with respect
to any Indebtedness except for the following:

          (a)  the Secured Obligations(other than in respect of Hedging
Contracts not permitted to be incurred pursuant to CLAUSE (i) below) and
Guaranty Obligations in respect thereto;

          (b)  Indebtedness existing on the date of this Agreement and disclosed
on SCHEDULE 8.1 (EXISTING INDEBTEDNESS);

          (c)  Guaranty Obligations incurred by the Parent, the Borrower or any
Subsidiary of the Parent (i) in respect of Indebtedness of the Borrower or any
Subsidiary Guarantor that is otherwise permitted by this SECTION 8.1 (other than
CLAUSE (a) above and CLAUSES (j) below) and, in the case of Guaranty Obligations
of the Shansby Notes, subordinated to the prior payment in full of the Secured
Obligations to the same extent as such Shansby Notes, or (ii) in respect of
Indebtedness of any Permitted Joint Venture or any Subsidiary of the Parent that
is not the Borrower or a Subsidiary Guarantor, to the extent such Guaranty
Obligation, together with all other such Guaranty Obligations and all other
Investments permitted thereunder, is permitted as an Investment pursuant to
SECTION 8.3(h)(iii) (INVESTMENTS);

          (d)  Capital Lease Obligations and purchase money Indebtedness
incurred by the Borrower or any other Subsidiary of the Parent to finance the
acquisition or improvement (together with, in each case, related costs) of fixed
assets; PROVIDED, HOWEVER, that (i) the Capital Expenditure related thereto is
otherwise permitted by SECTION 5.4 (CAPITAL EXPENDITURES) and (ii) the Dollar
Equivalent of the aggregate outstanding principal amount of all such Capital
Lease Obligations and purchase money Indebtedness (including renewals,
extensions, refinancings and refundings of any such Capital Lease Obligations or
purchase money Indebtedness permitted pursuant to CLAUSE (e) BELOW) shall not
exceed $15,000,000 at any time;

          (e)  Renewals, extensions, refinancings and refundings of Indebtedness
permitted by CLAUSE (b) (other than the intercompany loans set forth on SCHEDULE
8.1 (EXISTING INDEBTEDNESS)) or (d) above or this CLAUSE (e); PROVIDED, HOWEVER,
that any such renewal, extension, refinancing or refunding is in an aggregate
principal amount not greater than the principal amount of, and is on terms taken
as a whole not materially less favorable to the Parent, the Borrower or any of
their respective Subsidiaries obligated thereunder than the Indebtedness being
renewed, extended, refinanced or refunded;

          (f)  a sale and leaseback transaction permitted pursuant to SECTION
8.16 (SALE AND LEASEBACK TRANSACTIONS), to the extent such transaction would
constitute Indebtedness;

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          (g)  Indebtedness arising from intercompany loans (i) from the
Borrower to any Subsidiary Guarantor, (ii) from any Subsidiary Guarantor to the
Borrower or any Subsidiary Guarantor, (iii) from the Borrower or any Subsidiary
Guarantor to any Subsidiary of the Parent that is a Non-Guarantor; PROVIDED,
HOWEVER, that, in the case of this CLAUSE (iii), the Investment by such Borrower
or Subsidiary Guarantor in such intercompany loan to such Subsidiary is
permitted under SECTION 8.3 (INVESTMENTS) or (iv) from any Subsidiary of the
Parent to the Parent, to the extent permitted under SECTION 8.3(i)
(INVESTMENTS);

          (h)  Indebtedness arising under any performance or surety bond entered
into in the ordinary course of business;

          (i)  Obligations under Interest Rate Contracts mandated by SECTION
     7.14 (INTEREST RATE CONTRACTS) and other Hedging Contracts permitted under
     SECTION 8.17 (NO SPECULATIVE TRANSACTIONS);

          (j)  Indebtedness (but not Guaranty Obligations thereof) owing to the
issuer of any insurance policy by the Person purchasing such policy for the
benefit of the Parent and its Subsidiaries for the purpose of financing the
purchase of such policy by the Parent or any of its Subsidiaries, in an
aggregate outstanding principal amount not to exceed the premiums owed under
such policy;

          (k)  (i) Indebtedness of the Borrower owing under the Subordinated
Notes in an aggregate principal amount incurred the Dollar Equivalent of which
does not exceed $210,000,000 at any time and (ii) Additional Subordinated Debt
in an aggregate principal amount incurred the Dollar Equivalent of which does
not exceed $100,000,000 at any time;

          (l)  Indebtedness of a Subsidiary of the Parent assumed by such
Subsidiary in connection with any Permitted Acquisition (or, if such Subsidiary
is acquired as part of such Permitted Acquisition, existing prior thereto),
together with renewals, extensions, refinancings and refundings thereof, in an
aggregate outstanding principal amount the Dollar Equivalent of which does not
exceed $25,000,000 at any time; PROVIDED, HOWEVER, that such Indebtedness (i)
exists at the time of such Permitted Acquisition at least in the amounts assumed
in connection therewith and (ii) is not drawn down, created or increased in
contemplation of or in connection with such Permitted Acquisition or on or after
the consummation thereof and does not provide any credit support therefor; and
PROVIDED, FURTHER, that any renewal, extension, refinancing or refunding thereof
is in an aggregate principal amount not greater than the principal amount of,
and is on terms taken as a whole not materially less favorable to the Parent,
the Borrower or any of their respective Subsidiaries obligated thereunder than
the Indebtedness being renewed, extended, refinanced or refunded;

          (m)  unsecured Indebtedness of Parent and its Subsidiaries (other than
any loans or advances that would be in violation of Section 402 of the
Sarbanes-Oxley Act) owing to any then existing or former director, officer or
employee of Parent or any of its Subsidiaries or their respective assigns,
estates, heirs or their current or former spouses for the repurchase, redemption
or other acquisition or retirement for value of any of the Stock or Stock
Equivalents of the Ultimate Parent held by them; PROVIDED, HOWEVER, that such
Indebtedness shall provide that no cash payment (whether through optional
prepayments, mandatory prepayments, scheduled repayments, acceleration or
otherwise) shall be made thereunder to the extent the Available Employee Basket
is (or would be after such payment) less than zero;

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          (n)  unsecured Indebtedness of Parent and its Subsidiaries owing to
any seller as payment of the purchase price of a Permitted Acquisition on terms
and conditions satisfactory to the Administrative Agent (including subordination
provisions satisfactory to the Administrative Agent and which has a maturity
date and prohibits any cash payment (other than, subject to appropriate
subordination provisions, regularly scheduled interest payments) earlier than
the latest of (i) the first anniversary of the Tranche C Maturity Date, (ii) the
first anniversary of the Tranche B Maturity Date and (iii) the first anniversary
of the Scheduled Termination Date);

          (o)  contingent indemnification obligations of the Parent and its
Subsidiaries to financial institutions, in each case to the extent in the
ordinary course of business and on terms and conditions which are within the
general parameters customary in the banking industry, entered into to obtain
cash management services or deposit account overdraft protection services (in
amount similar to those offered for comparable services in the financial
industry) or other services in connection with the management or opening of
deposit accounts or incurred as a result of endorsement of negotiable
instruments for deposit or collection purposes and other customary, contingent
loss indemnification obligations of Parent and its Subsidiaries incurred in the
ordinary course of business;

          (p)  contingent liabilities of Parent or any of its Subsidiaries in
respect of any purchase price adjustment, earn-out provision or any
non-competition or consulting agreement or deferred compensation agreement, in
each case owing to the seller in connection with any Acquisition or any
Permitted Acquisition;

          (q)  Indebtedness of Subsidiaries of Parent that are Non-Guarantors
(not owing to any Loan Party or any Subsidiary of any Loan Party) for working
capital purposes in an aggregate outstanding principal amount the Dollar
Equivalent of which does not exceed $10,000,000 at any time;

          (r)  Indebtedness of the Borrower owing to Shansby under the Shansby
Notes subject to the terms and conditions set forth in the Shansby Documents and
in an aggregate outstanding principal amount the Dollar Equivalent of which does
not exceed $22,500,000 (prior to taking into account any interest paid in kind
on the Shansby Preferred Stock in accordance with the terms hereof) at any time;

          (s)  Indebtedness of any Subsidiary of Parent not otherwise permitted
under this SECTION 8.1 having an aggregate outstanding principal amount whose
Dollar Equivalent shall not exceed $10,000,000 at any time; and

          (t)  accretion or amortization of original issue discount and
accretion of interest paid in kind, in each case in respect of Indebtedness
otherwise permitted under this SECTION 8.1.

          SECTION 8.2    LIENS, ETC.

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, create or suffer to exist, any Lien upon or
with respect to any of their respective properties or assets, whether now owned
or hereafter acquired, or assign, or permit any of its Subsidiaries to assign,
any right to receive income, except for the following:

          (a)  Liens created pursuant to the Loan Documents;

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                                                                CREDIT AGREEMENT
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          (b)  Liens existing on the date of this Agreement and disclosed on
SCHEDULE 8.2 (EXISTING LIENS);

          (c)  Customary Permitted Liens on the assets of the Parent and its
Subsidiaries;

          (d)  purchase money Liens granted by any Subsidiary of Parent
(including the interest of a lessor under a Capital Lease and purchase money
Liens to which any property is subject at the time, on or after the date hereof,
of such Subsidiary's acquisition thereof) securing Indebtedness permitted under
SECTION 8.1(d) (INDEBTEDNESS) and limited in each case to the property purchased
with the proceeds of such purchase money Indebtedness or subject to such Capital
Lease;

          (e)  any Lien granted by any Subsidiary of Parent and securing the
renewal, extension, refinancing or refunding of any Indebtedness secured by any
Lien permitted by CLAUSE (b) or (d) above or this CLAUSE (e) without any change
in the assets subject to such Lien and to the extent such renewal, extension,
refinancing or refunding is permitted by SECTION 8.1(e) (INDEBTEDNESS);

          (f)  Liens in favor of lessors, sublessors, lessees or sublessees
securing operating leases or, to the extent such transactions create a Lien
hereunder, sale and leaseback transactions, to the extent such sale and
leaseback transactions are permitted hereunder;

          (g)  any Lien securing Indebtedness permitted pursuant to SECTION
8.1(l) (INDEBTEDNESS); PROVIDED, HOWEVER, that (i) such Lien exists at the time
of the Permitted Acquisition relating to such Indebtedness and is not created in
contemplation of or in connection with such Permitted Acquisition and (ii) such
Lien secures solely fixed or capital assets acquired (or fixed or capital assets
of Persons acquired) as part of such Permitted Acquisition, and no assets
constituting Collateral immediately prior to such Permitted Acquisition are
subject to such Lien;

          (h)  Liens on an insurance policy of the Parent and its Subsidiaries
and the identifiable cash proceeds thereof in favor of the issuer of such policy
and securing Indebtedness incurred for the purpose of financing such policy and
permitted under SECTION 8.1(j) (INDEBTEDNESS);

          (i)  Liens for the benefit of the seller deemed to attach solely
because of the existence of cash deposits and attaching solely to cash deposits
made in connection with any letter of intent or acquisition agreement with
respect to a Permitted Acquisition;

          (j)  Liens on any of the assets of a Subsidiary of the Parent that is
a Non-Guarantor to secure Indebtedness of such Subsidiary permitted pursuant to
SECTION 8.1(q) (INDEBTEDNESS);

          (k)  licenses and sublicenses in the ordinary course of business of
Intellectual Property (i) registered outside of the United States or (ii) having
an aggregate Fair Market Value the Dollar Equivalent of which does not exceed
$10,000,000; and

          (l)  Liens granted by any Subsidiary of Parent not otherwise permitted
by the foregoing clauses of this SECTION 8.2 securing obligations or other
liabilities of any Loan Party;

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PROVIDED, HOWEVER, that the Dollar Equivalent of the aggregate outstanding
amount of all such obligations and liabilities shall not exceed $5,000,000 at
any time.

          SECTION 8.3    INVESTMENTS

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, make or maintain, directly or indirectly,
any Investment except for the following:

          (a)  Investments existing on the date of this Agreement and disclosed
on SCHEDULE 8.3 (EXISTING INVESTMENTS);

          (b)  Investments in cash (including cash held in bank deposit
accounts) and Cash Equivalents in the ordinary course of business; PROVIDED,
HOWEVER, that the Dollar Equivalent of Investments of Foreign Non-Guarantors in
Cash Equivalents in which Loan Parties would not be permitted to make
Investments pursuant to this CLAUSE (b) shall not exceed $15,000,000;

          (c)  Investments by any Subsidiary of Parent in payment intangibles,
chattel paper (each as defined in the UCC) and accounts, notes receivable,
prepaid accounts and similar items arising or acquired in the ordinary course of
business;

          (d)  Investments received in settlement of amounts due to Parent or
any of its Subsidiaries effected in the ordinary course of business;

          (e)  cash deposits permitted pursuant to CLAUSE (c) or (f) of the
definition of Customary Permitted Liens or pursuant to CLAUSE SECTION 8.2(i)(i)
or (l) to SECTION 8.2 (LIENS, ETC.);

          (f)  Investments consisting of Securities of account debtors received
by Parent or any of its Subsidiaries in any bankruptcy, insolvency or
reorganization proceedings of such account debtors;

          (g)  (i) Investments consisting of Permitted Acquisitions and the
Foreign IP Transfer; PROVIDED, HOWEVER, that, this CLAUSE (g) shall not permit
Investments to be made after the consummation of such Permitted Acquisition or
such Foreign IP Transfer if such Investments are not otherwise permitted under
this SECTION 8.3 and (ii) Investments consisting of mergers, liquidations and
dissolutions permitted pursuant to CLAUSE (y) or (z) of SECTION 8.7 (RESTRICTION
ON FUNDAMENTAL CHANGES; PERMITTED ACQUISITIONS);

          (h)  Investments by (i) the Parent, the Borrower or any Subsidiary
Guarantor in the Borrower or any Subsidiary Guarantor, (ii) any Subsidiary of
the Parent that is a Non-Guarantor in any other Subsidiary of Parent or (iii)
the Borrower or any Subsidiary Guarantor in any Subsidiary of the Parent or any
Permitted Joint Venture, in each case that is a Non-Guarantor; PROVIDED,
HOWEVER, that Investments (including any Guaranty Obligations permitted pursuant
to SECTION 8.1(c)(ii) (INDEBTEDNESS) and loans permitted pursuant to SECTION
8.1(g)(iii) (INDEBTEDNESS) shall be permitted pursuant to this CLAUSE (iii) only
to the extent that, after giving effect to such Investment (and any Investment
or Asset Sale to be made to any Non-Guarantor on or prior to the date of such
Investment), the Dollar Equivalent of the Non-Guarantor Investment Amount shall
not exceed $15,000,000 at any time;

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          (i)  intercompany loans by the Borrower or any Subsidiary Guarantor to
the Parent or the Ultimate Parent (i) evidenced by promissory notes subject to
the Requisite Priority Liens and (ii) at the time of the incurrence thereof, a
Restricted Payment in an amount equal to the aggregate principal amount of such
intercompany loans (without taking into account any paid in kind interest or
original issue discount) would be permitted to be made pursuant to any clause of
SECTION 8.5(c) (RESTRICTED PAYMENTS);

          (j)  loans or advances to employees of the Parent or any of its
Subsidiaries in the ordinary course of business as presently conducted other
than any loans or advances that would be in violation of Section 402 of the
Sarbanes-Oxley Act; PROVIDED, HOWEVER, that the Dollar Equivalent of the
aggregate principal amount of all loans and advances permitted pursuant to this
CLAUSE (j) shall not exceed $1,000,000 at any time;

          (k)  loans and advances to any existing director, officer or employee
of Parent or any of its Subsidiaries (other than any loans or advances that
would be in violation of Section 402 of the Sarbanes-Oxley Act) the proceeds of
which shall be used for the sole purpose of acquisition by such director,
officer or employee of any of the Stock or Stock Equivalents of the Ultimate
Parent; PROVIDED, HOWEVER, that the Dollar Equivalent of the aggregate principal
amount of all loans and advances permitted pursuant to this CLAUSE (k) shall not
exceed $5,000,000 at any time;

          (l)  Guaranty Obligations permitted by SECTION 8.1 (INDEBTEDNESS);

          (m)  Investments (other than in Proposed Acquisitions) made at any
time when no Event of Default has occurred and is continuing within 270 days of
such Equity Issuance, of the Net Cash Proceeds of an Equity Issuance identified
in an Equity Issuance Notice as being invested pursuant to this CLAUSE (m) in
(i) Joint Ventures that are Permitted Joint Ventures or (ii) in any other assets
(other than Stock or Stock Equivalents of Subsidiaries or interests in Joint
Ventures); and

          (n)  Investments of any Subsidiary of Parent not otherwise permitted
hereby; PROVIDED, HOWEVER, that the Dollar Equivalent of the aggregate
outstanding amount of all such Investments shall not exceed $25,000,000 at any
time; and

          (o)  Investment by any Subsidiary of Parent (other than in a Permitted
Acquisition) of (i) the excess of the Net Cash Proceeds received by any
Subsidiary of the Parent from any Asset Sale (other than to any Subsidiary of
Parent) of any Investment made pursuant to CLAUSE (h), (m) or (n) above over the
value of such Investment (as determined in accordance with the definition of
"Investment" set forth herein) at the time of such Asset Sale or (ii) the Net
Cash Proceeds of any Asset Sale of any Investment made pursuant to this CLAUSE
(o).

          SECTION 8.4    SALE OF ASSETS

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, sell, convey, transfer, lease or otherwise
dispose of, any of their respective assets or any interest therein (including
the sale or factoring at maturity or collection of any accounts) to any Person,
or permit or suffer any other Person to acquire any interest in any of their
respective assets or, except in the case of the Parent, issue or sell any shares
of their Stock or any Stock Equivalents (any such disposition being an "ASSET
SALE"), except for the following:

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          (a)  the liquidation, sale or disposition of Cash Equivalents or
inventory, in each case in the ordinary course of business;

          (b)  the sale or disposition of Equipment that has become surplus,
worn-out, obsolete, is replaced in the ordinary course of business or is no
longer used or useful in the business;

          (c)  the discount or write-off of accounts receivable overdue by more
than 90 days or the sale of any such account receivables for the purpose of
collection to any collection agency, in each case in the ordinary course of
business;

          (d)  (i) licenses and sublicenses in the ordinary course of business
of Intellectual Property (A) registered outside of the United States or (B)
having an aggregate Fair Market Value whose Dollar Equivalent does not exceed
$10,000,000 or (ii) the Foreign IP Transfer;

          (e)  the cancellation of any Indebtedness permitted to be cancelled
under SECTION 8.6(a) (PREPAYMENT AND CANCELLATION OF INDEBTEDNESS);

          (f)  the issuance of Nominal Shares;

          (g)  (i) a true lease or sublease of any property not constituting
Indebtedness and not constituting a sale and leaseback transaction and (ii) a
sale of assets pursuant to a sale and leaseback transaction, in each case as
permitted under SECTION 8.16 (SALE AND LEASEBACK TRANSACTIONS);

          (h)  (i) any Asset Sale to the Borrower or any Subsidiary Guarantor
and (ii) any Asset Sale to any Non-Guarantor to the extent, after giving effect
to such Asset Sale (and any other Asset Sale or Investment in Non-Guarantors to
be made on or prior to the date of such Asset Sale), the Dollar Equivalent of
the Non-Guarantor Investment Amount does not exceed $20,000,000, (iii) any Asset
Sale by any Non-Guarantor to any Non-Guarantor and (iv) any Asset Sale by any
Non-Guarantor to any Loan Party (including through a liquidation, disposition or
winding up) as long as the consideration given by the Loan Parties to such
Non-Guarantor does not exceed the Fair Market Value of the assets transferred to
such Loan Parties;

          (i)  (A) the liquidation or merger of any Subsidiary of the Parent, to
the extent such liquidation or merger is permitted pursuant to CLAUSE (w) or (x)
of SECTION 8.7 (RESTRICTION ON FUNDAMENTAL CHANGES; PERMITTED ACQUISITIONS) and
(B)(x) any disposition of the Stock or Stock Equivalents or other interests in
any Permitted Joint Venture for not less than Fair Market Value and all of the
consideration for which is payable in cash or (y) any pro rata disposition of
the assets of a Permitted Joint Venture to investors, participants or holders of
Stock and Stock Equivalents in such Permitted Joint Venture in connection with
the dissolution or termination of such Permitted Joint Venture Permitted Joint
Venture, pursuant to and in accordance with the Contractual Obligations relating
to such Permitted Joint Venture; PROVIDED, HOWEVER, that, with respect to any
such Asset Sale pursuant to this CLAUSE (i)(B)(x), the Dollar Equivalent of the
aggregate consideration received by Parent or any of its Subsidiaries during any
Fiscal Year for all such Asset Sales shall not exceed $25,000,000; and PROVIDED,
FURTHER, that, with respect to any such Asset Sale pursuant to this CLAUSE
(i)(B), an amount equal to all Net Cash Proceeds of such Asset Sale are applied
to the payment of the Obligations as set forth in, and to the extent required
by, SECTION 2.9 (MANDATORY PREPAYMENTS);

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          (j)  as long as no Default or Event of Default is continuing or would
result therefrom, any Asset Sale for not less than Fair Market Value, all of the
consideration for which shall be payable in cash upon such sale, within 360 days
of the consummation of a Permitted Acquisition, of non-core assets acquired as
part of such Permitted Acquisition and subject to a Permitted Acquisition Notice
with respect to such Permitted Acquisition; PROVIDED, HOWEVER, that, with
respect to any such Asset Sale permitted pursuant to this CLAUSE (j), an amount
equal to all Net Cash Proceeds of such Asset Sale are applied to the payment of
the Obligations as set forth in, and to the extent required by, SECTION 2.9
(MANDATORY PREPAYMENTS); and

          (k)  as long as no Default or Event of Default is continuing or would
result therefrom, any other Asset Sale for not less than Fair Market Value, 75%
of the consideration for which shall be payable in cash upon such sale;
PROVIDED, HOWEVER, that with respect to any such Asset Sale pursuant to this
CLAUSE (k), the Dollar Equivalent of the aggregate consideration received during
any Fiscal Year for all such Asset Sales shall not exceed $15,000,000 and (ii)
an amount equal to all Net Cash Proceeds of such Asset Sale are applied to the
payment of the Obligations as set forth in, and to the extent required by,
SECTION 2.9 (MANDATORY PREPAYMENTS).

          SECTION 8.5    RESTRICTED PAYMENTS

          The Borrower shall not, nor shall the Parent or the Borrower permit
any of their respective Subsidiaries to, directly or indirectly, declare, order,
pay, make or set apart any sum for any Restricted Payment except for the
following:

          (a)  Restricted Payments by any Subsidiary of the Parent to the
Borrower or any Subsidiary Guarantor;

          (b)  dividends and distributions declared and paid on the common Stock
of any Holding Company and payable only in common Stock of such Holding Company;

          (c)  cash dividends on the Stock of any Holding Company to the Parent
paid and declared in any Fiscal Year solely for the purpose of funding the
following:

               (i)    director fees and expenses, administrative expenses, the
     payment of premiums of director and officer insurance of the Parent and the
     payment of franchise or foreign, federal, state or local taxes attributable
     solely to the businesses of the Parent or the Ultimate Parent and not that
     of any Subsidiary or Permitted Joint Venture of the Ultimate Parent that is
     not the Parent or any Subsidiary of the Parent;

               (ii)   other ordinary operating expenses of the Parent the Dollar
     Equivalent of which (LESS the aggregate principal amount of all
     intercompany loans made in such Fiscal Year pursuant to SECTION 8.3(i)
     (INVESTMENTS) in reliance upon this CLAUSE (i) without taking into account
     any original issue discount thereof) does not exceed $500,000 in the
     aggregate in any Fiscal Year ;

               (iii)  the repurchase, redemption or other acquisition or
     retirement for value of any of the Stock or Stock Equivalents of Ultimate
     Parent held by any then existing or former director, officer or employee of
     Parent or any of its Subsidiaries or their respective assigns, estates,
     heirs or their current or former spouses; PROVIDED, HOWEVER, that (A) such
     cash dividend is made in the amount of the proceeds of key-man life
     insurance received by any Subsidiary of Parent by reason of the death of
     any director,

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     officer or employee and for the purpose of financing the repurchase,
     redemption or other acquisition or retirement for value of any of the Stock
     or Stock Equivalents of Ultimate Parent held by such director, officer or
     employee or its assigns, estates, heirs or current or former spouses, (B)
     such cash dividend is made only to the extent the Available Employee Basket
     is not (and would not be after giving effect to such Restricted Payment)
     less than zero or (C) such cash dividend is made using the Net Cash
     Proceeds of any Equity Issuance not required to be used to repay the Loans
     hereunder; or

               (iv)   any other transaction; PROVIDED, HOWEVER, that no
     Restricted Payment made in reliance upon this CLAUSE (iv) shall be
     permitted to the extent, at the time of such Restricted Payment, the sum of
     (A) the amount of such Restricted Payment, (B) the aggregate amount of all
     other Restricted Payments made in reliance upon this CLAUSE (iv) and
     declared or paid after the Closing Date and prior to such time and (C) the
     aggregate principal amount of all intercompany loans made pursuant to
     SECTION 8.3(i) (INVESTMENTS) (without taking into account any original
     issue discount thereof) in reliance upon this CLAUSE (iv) would exceed the
     Restricted Payment Allowance in effect at such time;

PROVIDED, HOWEVER, that the Restricted Payments described in CLAUSES (iii) or
(iv) of this CLAUSE (c) shall not be permitted if (x) an Event of Default or
Default shall have occurred and be continuing at the date of declaration or
payment thereof or would result therefrom, (y) such Restricted Payment is
prohibited under the terms of any Indebtedness (other than the Obligations) of
any Subsidiary of Parent and (z) in the case of CLAUSE (iv) only, the Leverage
Ratio of the Parent calculated both before giving effect to such Restricted
Payment and after giving effect to such Restricted Payment on a pro forma basis
(recomputed as of the last day of the most recently ended Fiscal Quarter for
which Financial Statements have been delivered pursuant to SECTION 6.1(b) or (c)
(FINANCIAL STATEMENTS)) is not higher than 3.75 to 1.00.

          SECTION 8.6    PREPAYMENT AND CANCELLATION OF INDEBTEDNESS

          (a)  CANCELLATION. Neither the Parent nor the Borrower shall, nor
shall they permit any of their respective Subsidiaries to, cancel any
Indebtedness owed to any of them except (i) in the ordinary course of business
(including loans to existing or former director, officer or employee of Parent
or any of its Subsidiaries or their respective assigns, estates, heirs or their
current or former spouses) and (ii) in respect of intercompany Indebtedness
among the Borrower and the Subsidiary Guarantors other than, in the case of
CLAUSES (i) and (ii) above, intercompany indebtedness owing to the Borrower or
any Subsidiaries that are Subsidiary Guarantors.

          (b)  PREPAYMENT OF INDEBTEDNESS

               (i)    As long as the Leverage Ratio of the Parent as of the date
     thereof shall equal or exceed 4.50 to 1 (after giving effect to such
     prepayment, redemption, purchase, defeasance or satisfaction), neither the
     Parent nor the Borrower shall, nor shall they permit any of their
     respective Subsidiaries to, prepay, redeem, purchase, defease or otherwise
     satisfy prior to the scheduled maturity thereof in any manner, or make any
     payment in violation of any subordination terms of, any Indebtedness;
     PROVIDED, HOWEVER, that the Parent and each Subsidiary of the Parent may
     (A) prepay the Obligations in accordance with the terms of this Agreement,
     (B) make regularly scheduled or otherwise required repayments or
     redemptions of Indebtedness, (C) prepay Indebtedness under the Existing
     Credit Documents with the proceeds of the initial Borrowings hereunder,

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     (iv) prepay any Indebtedness payable to the Borrower or any of its
     Subsidiaries by Parent or any of its Subsidiaries, (D) prepay any
     Indebtedness secured by a Lien permitted under this Agreement and (E)
     prepay, renew, extend, refinance and refund Indebtedness, as long as such
     renewal, extension, refinancing or refunding is permitted under SECTION
     8.1(e) (INDEBTEDNESS).

               (ii)   Otherwise, neither the Parent nor the Borrower shall, nor
     shall they permit any of their respective Subsidiaries to, prepay, redeem,
     purchase, defease or otherwise satisfy prior to the scheduled maturity
     thereof in any manner, or make any payment in violation of any
     subordination terms of, any Subordinated Debt; PROVIDED, HOWEVER, that the
     Parent and each Subsidiary of the Parent may, to the extent permitted by
     the terms of such Indebtedness and in accordance with the terms thereof,
     make regularly scheduled or otherwise required repayments or redemptions of
     Subordinated Debt.

          (c)  PREPAYMENT OF MANAGEMENT FEES. Neither the Parent nor the
Borrower shall, nor shall they permit any of their respective Subsidiaries to,
prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled
maturity thereof in any manner, or make any payment in violation of any
subordination terms of, any Management Fee; PROVIDED, HOWEVER, that the Parent
and each Subsidiary of the Parent may make the payments expressly permitted to
be made pursuant to SECTION 8.9 (TRANSACTIONS WITH JOINT VENTURES AND
AFFILIATES).

          SECTION 8.7    RESTRICTION ON FUNDAMENTAL CHANGES; PERMITTED
ACQUISITIONS

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, do any of the following:

          (a)  except in connection with a Permitted Acquisition, (i) merge with
any Person, (ii) consolidate with any Person, (iii) acquire all or substantially
all of the Stock or Stock Equivalents of any Person or (iv) acquire all or
substantially all of the assets of any Person or all or substantially all of the
assets constituting the business of a division, branch or other unit operation
of any Person;

          (b)  enter into any joint venture (including any Joint Venture) or
partnership with any Person that is not a Loan Party or a Subsidiary of a Loan
Party, in each case except for Permitted Joint Ventures; or

          (c)  except as part of the Foreign IP Transfer, create any Subsidiary
unless, after giving effect to such creation, such Subsidiary is a Wholly-Owned
Subsidiary of any Holding Company and the Investment in such Subsidiary is
permitted under SECTION 8.3(h) (INVESTMENTS);

PROVIDED, HOWEVER, that:

          (w)  each Intermediate Holding Company shall be dissolved or otherwise
liquidated within 90 days (or such longer time period as the Administrative
Agent may agree in its sole discretion) after the Closing Date, and all of the
assets and properties of each such Intermediate Holding Company shall be
transferred to a Loan Party;

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          (x)  (1) any Subsidiary of the Parent (other than the Borrower) may be
merged, liquidated or dissolved into any Loan Party (other than Parent or any
Intermediate Holding Company) as long as such Loan Party is the surviving
corporation and (2) any Non-Guarantor may be merged, liquidated or dissolved
into any other Non-Guarantor;

          (y)  any Permitted Joint Venture may be liquidated or dissolved to the
extent permitted pursuant to SECTION 8.4(i)(B) (SALE OF ASSETS) ; and

          (z)  any Subsidiary of the Parent (other than the Borrower) may be
acquired by any Loan Party or, if such Subsidiary is a Non-Guarantor, by any
Non-Guarantor (in each case, as long as the resulting Asset Sale and Investment
are otherwise permitted hereunder).

          SECTION 8.8    CHANGE IN NATURE OF BUSINESS

          (a)  The Borrower shall not, nor shall the Parent or the Borrower
permit any of their respective Subsidiaries to, make any material change in the
nature or conduct of its business as carried on at the date hereof, whether in
connection with a Permitted Acquisition or otherwise, except for businesses
reasonably related to the business as carried on at the date hereof, or
ancillary or complementary thereto (or a reasonable extension or expansion
thereof), or otherwise part of the consumer products business.

          (b)  None of Parent or any Intermediate Holding Company shall engage
in any business or activity other than (i) holding shares in the Stock of
Subsidiaries, (ii) holding the Indebtedness, granting the Liens and making the
Investments and Restricted Payments such Person is otherwise permitted to make
hereunder, (iii) filing tax reports and paying taxes and other expenses in the
ordinary course, (iv) preparing reports to Governmental Authorities and to its
shareholders and (v) holding directors and shareholders meetings, preparing
corporate records and other corporate activities required to maintain its
separate corporate structure or to comply with applicable Requirements of Law.

          (c)  No Holding Company or Subsidiary of any Holding Company shall
purchase the Stock of the Parent or the Ultimate Parent (or any parent company
thereof).

          SECTION 8.9    TRANSACTIONS WITH JOINT VENTURES AND AFFILIATES

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, directly or indirectly, conduct any
business or enter into or suffer to exist any transaction or series of
transactions (including any Investment, Asset Sale, incurrence of Indebtedness
or any transaction in respect thereof, the purchase, sale, transfer, assignment,
lease, conveyance or exchange of any property or the rendering of any service)
with any of their Affiliates (other than Parent, the Borrower or any Subsidiary
Guarantor) except for each of the following:

          (a)  Restricted Payments;

          (b)  Investments in loans and advances to officers and directors
permitted pursuant to CLAUSE (j) or (k) of SECTION 8.3 (INVESTMENTS);

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          (c)  Indebtedness of Non-Guarantors, Investments in or by
Non-Guarantors and Restricted Payments by Non-Guarantors to Loan Parties, in
each case as otherwise permitted hereunder;

          (d)  as long as (except in the case of the fees described in clause
(c) of the definition of "Management Fee") no Event of Default shall have
occurred and be continuing or would result therefrom and as long as the
Management Agreement shall remain in effect, the payment of the Management Fees
pursuant to the Management Agreement subject to and in accordance with the
Management Agreement (including the subordination provisions set forth therein);
PROVIDED, HOWEVER, that, if the Borrower would have been able to make any
payment of any Management Fee hereunder in the absence of any Event of Default,
the Borrower shall be permitted to make such payment as soon as no Event of
Default shall be continuing;

          (e)  expense reimbursement, indemnities, salaries and other director
or employee compensation (including expense reimbursement and indemnities) to
officers or directors of the Parent or any of its Subsidiaries; and

          (f)  transactions (other than the payment of Management Fees) set
forth in writing, in the ordinary course of business and on a basis not
materially less favorable to the Parent, the Borrower or, as the case may be,
such Subsidiary of either of them as would be obtained in a comparable arm's
length transaction with a Person not an Affiliate thereof.

          SECTION 8.10   LIMITATIONS ON RESTRICTIONS ON SUBSIDIARY
DISTRIBUTIONS; NO NEW NEGATIVE PLEDGE

          Except pursuant to the Loan Documents and the Subordinated Debt
Documents, neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, (a) agree to enter into or suffer to exist
or become effective any consensual encumbrance or restriction of any kind on the
ability of such Subsidiary to (i) pay dividends or make any other distribution
with respect to its Stock or Stock Equivalents, (ii) transfer any of its
properties or assets or (iii) make loans or advances to or other Investments in,
or pay any Indebtedness owed to, the Parent or any other Subsidiary of the
Parent or (b) enter into or suffer to exist or become effective any agreement
prohibiting or limiting the ability of the Parent or any Subsidiary of the
Parent to create, incur, assume or suffer to exist any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired, to secure
the Obligations, including any agreement requiring any other Indebtedness or
Contractual Obligation to be equally and ratably secured with the Obligations;
PROVIDED, HOWEVER, that the foregoing shall not apply to (w) customary
restrictions contained in any Hedging Agreement constituting a Secured
Obligation, (x) restrictions on Restricted Payments to any Loan Party for the
benefit of holders of Indebtedness of Non-Guarantors (and agents under the
resulting facilities) otherwise permitted hereunder, (y) encumbrances on assets
acquired by the Parent, the Borrower or any Subsidiary of either of them, as
long as such encumbrances related to the assets so acquired and were not created
in connection with or in anticipation of such acquisition and (z) encumbrances
contained in any agreement for the sale or other disposition of any Subsidiary
or Permitted Joint Venture of the Parent in accordance with the terms herewith
that restricts distributions by that Subsidiary or Permitted Joint Venture
pending such sale or other distribution; and PROVIDED, FURTHER, that the
foregoing CLAUSE (a)(ii) shall not apply to (A) restrictions in the Indebtedness
secured by a Lien permitted hereunder on any asset on the transfer of such
asset, (B) customary provisions entered into in the ordinary course of business
restricting assignment (including, in the case of leases, subletting, and, in
the case of licenses, sublicensing) of any Contractual Obligation,

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(C) customary restrictions entered into in the ordinary course of business in
asset sale agreements, sale-leaseback agreements, stock sale agreements and
other similar agreements limiting the transfer of the assets subject thereto
pending the consummation of the sale provided therein, (D) customary
restrictions in agreements relating to Permitted Joint Ventures or (E)
restrictions on cash or other deposit or net worth imposed by customers or
contracts entered into in the ordinary course of business.

          SECTION 8.11   MODIFICATION OF CONSTITUENT DOCUMENTS

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, change its capital structure (including in
the terms of its outstanding Stock) or otherwise amend its Constituent
Documents, except for changes and amendments that do not materially affect the
rights and privileges of the Parent, the Borrower or any of their respective
Subsidiaries and do not materially affect the interests of the Collateral
Agents, the Syndication Agent, the Lenders and the Issuers under the Loan
Documents or in the Collateral.

          SECTION 8.12   MODIFICATION OF RELATED DOCUMENTS

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, (a) alter, rescind, terminate, amend,
supplement, waive or otherwise modify any provision of any Related Document,
except for modifications to the terms of any Subordinated Debt (or any
Subordinated Debt Document) permitted under SECTION 8.13 (MODIFICATION OF
SUBORDINATED DEBT DOCUMENTS) and modifications that (i) other than in the case
of the Shansby Document, do not affect the rights and privileges of the Parent,
the Borrower or any of their respective Subsidiaries under such Related Document
in a materially adverse manner and (ii) in any case, do not affect the interests
of any Collateral Agent, the Syndication Agent or any Lender, Issuer or other
Secured Party under the Loan Documents or in the Collateral in a materially
adverse manner or (b) permit any breach or default to exist under any Related
Document or take or fail to take any action thereunder, if to do so could
reasonably be expected to have a Material Adverse Effect.

          SECTION 8.13   MODIFICATION OF SUBORDINATED DEBT DOCUMENTS AND
MANAGEMENT AGREEMENT; SENIOR DEBT

          (a)  Neither the Parent nor the Borrower shall, nor shall they permit
any of their respective Subsidiaries to, change or amend the terms of any
Subordinated Debt (or any Subordinated Debt Document) if the effect of such
amendment is to (i) increase the cash pay portion of the interest rate (or
decrease the portion thereof that is not required to be paid in cash) on such
Subordinated Debt, (ii) change the dates upon which payments of principal or
interest are due on such Subordinated Debt other than to extend such dates,
(iii) change any default or event of default other than to delete or make less
restrictive any default provision therein, or change any covenant with respect
to such Subordinated Debt in any manner materially adverse to the Parent, the
Borrower, any of their respective Subsidiaries or any Agent, Lender, Issuer or
other Secured Party, (iv) change the subordination provisions of such
Subordinated Debt, (v) change the redemption or prepayment provisions of such
Subordinated Debt other than to extend the dates therefor or to reduce the
premiums payable in connection therewith or (vi) change or amend any other term
if such change or amendment would materially increase the obligations of the
obligor or confer additional material rights to the holder of such Subordinated
Debt in a manner adverse to the Parent, the Borrower, any of their respective
Subsidiaries or any Collateral Agent, the Syndication Agent or any Lender,
Issuer or other Secured Party.

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          (b)  Each of the Parent and the Borrower shall, and shall cause each
of their respective Subsidiaries to, ensure that the Obligations constitute
"Senior Debt" and "Designated Senior Debt" as defined in the Subordinated Notes
Indenture and qualify as such under any term of similar application defined in
any Subordinated Debt Document in respect of any Additional Subordinated Debt
and that no other Indebtedness qualifies as "Designated Senior Debt" under the
Subordinated Notes Indenture and any other Subordinated Debt Document.

          (c)  Neither the Parent nor the Borrower shall, nor shall they permit
any of their respective Subsidiaries to, change or amend the terms of the
Management Agreement (or any other material document entered into with respect
to the payment of any fee to the Sponsor in connection therewith) if the effect
of such amendment is to (i) increase the interest rate (or decrease the portion
thereof that is not required to be paid in cash) payable upon default on the
Management Fees or otherwise increase any amount payable by the Parent, the
Borrower, any of their respective Subsidiaries thereunder, (ii) change the
subordination provisions set forth therein or any other term relating to the
payment of the Management Fees that would otherwise conflict with this Agreement
or (iii) change or amend any other term if such change or amendment would
provide for the payment of Management Fees during the continuation of any Event
of Default (except to the extent permitted hereunder), materially increase the
payment obligations of the obligor or otherwise add any provision that provides,
directly or indirectly, for the transfer of any property or assets of the Parent
or any of its Subsidiaries to the Sponsor or the parties thereto other than the
Loan Parties and their Subsidiaries in a manner adverse to the Parent, the
Borrower, any of their respective Subsidiaries or any Agent, Lender, Issuer or
other Secured Party.

          SECTION 8.14   ACCOUNTING CHANGES; FISCAL YEAR

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, change its (a) accounting treatment and
reporting practices or tax reporting treatment, except as required by GAAP or
any Requirement of Law and disclosed to the Lenders and the Administrative Agent
or (b) fiscal year.

          SECTION 8.15   MARGIN REGULATIONS

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, use all or any portion of the proceeds of
any credit extended hereunder to purchase or carry margin stock (within the
meaning of Regulation U of the Federal Reserve Board) in contravention of
Regulation U of the Federal Reserve Board.

          SECTION 8.16   SALE AND LEASEBACK TRANSACTIONS

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, enter into any sale and leaseback
transaction if, after giving effect to such sale and leaseback transaction, the
Dollar Equivalent of the aggregate Fair Market Value of all properties covered
by sale and leaseback transactions would exceed $10,000,000.

          SECTION 8.17   NO SPECULATIVE TRANSACTIONS

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, engage in any speculative transaction or in
any transaction involving

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Hedging Contracts except as required by SECTION 7.14 (INTEREST RATE CONTRACTS)
or for the sole purpose of hedging in the normal course of business.

          SECTION 8.18   COMPLIANCE WITH ERISA

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries or any ERISA Affiliate to, cause or permit to
occur, (a) an event that would reasonably be expected to result in the
imposition of a Lien under Section 412 of the Code or Section 302 or 4068 of
ERISA or (b) ERISA Events that would have a Material Adverse Effect in the
aggregate.

          SECTION 8.19   ENVIRONMENTAL

          Neither the Parent nor the Borrower shall, nor shall they permit any
of their respective Subsidiaries to, allow a Release of any Contaminant in
violation of any Environmental Law; PROVIDED, HOWEVER, that neither the Parent
nor the Borrower shall be deemed in violation of this SECTION 8.19 if the Dollar
Equivalent of all Environmental Liabilities and Costs incurred or reasonably
expected to be incurred by the Loan Parties as the consequence of all such
Releases shall not exceed $7,000,000 in the aggregate.

                                   ARTICLE IX

                                EVENTS OF DEFAULT

          SECTION 9.1    EVENTS OF DEFAULT

          Each of the following events shall be an Event of Default:

          (a)  the Borrower shall fail to pay any principal of any Loan made
hereunder or any obligation owing by the Borrower under SECTION 2.2(c) (after
giving effect to any grace period set forth therein) or any Reimbursement
Obligation when the same becomes due and payable; or

          (b)  any Loan Party shall fail to pay any interest on any Loan, any
fee under any of the Loan Documents or any other Secured Obligation (other than
one referred to in CLAUSE (a) above) and such non-payment continues for a period
of five Business Days after the due date therefor; or

          (c)  any representation or warranty made or deemed made by any Loan
Party in any Loan Document or by any Loan Party (or any of its officers) in
connection with any Loan Document shall prove to have been incorrect in any
material respect when made or deemed made; or

          (d)  any Loan Party shall fail to perform or observe (i) any term,
covenant or agreement contained in ARTICLE V (FINANCIAL COVENANTS), SECTION 6.2
(DEFAULT NOTICES), 7.1 (PRESERVATION OF CORPORATE EXISTENCE, ETC.), 7.6
(ACCESS), 7.9 (APPLICATION OF PROCEEDS), 7.11 (ADDITIONAL COLLATERAL AND
GUARANTIES), 7.13 (REAL PROPERTY), 7.14 (INTEREST RATE CONTRACTS) or ARTICLE
VIII (NEGATIVE COVENANTS), (ii) any term, covenant or agreement contained in
SECTION 6.1 (FINANCIAL STATEMENTS) if such failure shall remain unremedied for
five days or (iii) any other term, covenant or agreement contained in this
Agreement or in any other Loan Document if such

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failure under this CLAUSE (iii) shall remain unremedied for 30 days after the
earlier of (A) the date on which a Responsible Officer of the Borrower becomes
aware of such failure and (B) the date on which written notice thereof shall
have been given to the Borrower by the Administrative Agent or any Lender; or

          (e)  (i) the Parent, the Borrower or any of their respective
Subsidiaries shall fail to make (after giving effect to any applicable grace
period) any payment on any Indebtedness of the Parent, the Borrower or any such
Subsidiary (other than the Obligations) or any Guaranty Obligation in respect of
Indebtedness of any other Person, and, in each case, such failure relates to
Indebtedness having a principal amount the Dollar Equivalent of which equals or
exceeds $5,000,000, when the same becomes due and payable (whether by scheduled
maturity, required prepayment, acceleration, demand or otherwise), (ii) any
other event shall occur or condition shall exist under any agreement or
instrument relating to any such Indebtedness, if the effect of such event or
condition is to accelerate, or to permit the acceleration of, the maturity of
such Indebtedness or (iii) any such Indebtedness shall become or be declared to
be due and payable, or be required to be prepaid or repurchased (other than by a
regularly scheduled required prepayment), prior to the stated maturity thereof;
or

          (f)  (i) the Parent, the Borrower or any of their respective
Subsidiaries shall generally not pay its debts as such debts become due, shall
admit in writing its inability to pay its debts generally or shall make a
general assignment for the benefit of creditors, (ii) any proceeding shall be
instituted by or against the Parent, Borrower or any of their respective
Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking
liquidation, winding up, reorganization, arrangement, adjustment, protection,
relief or composition of it or its debts, under any Requirement of Law relating
to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the
entry of an order for relief or the appointment of a custodian, receiver,
trustee or other similar official for it or for any substantial part of its
property; PROVIDED, HOWEVER, that, in the case of any such proceedings
instituted against the Parent, the Borrower or any of their respective
Subsidiaries (but not instituted by the Parent, the Borrower or any of their
respective Subsidiaries) either such proceedings shall remain undismissed or
unstayed for a period of 45 days or more or any action sought in such
proceedings shall occur or (iii) the Parent, the Borrower or any of their
respective Subsidiaries shall take any corporate action to authorize any action
set forth in CLAUSES (i) and (ii) above; or

          (g)  one or more judgments or orders (or other similar process)
involving, in the case of money judgments, an aggregate amount whose Dollar
Equivalent exceeds $5,000,000, to the extent not covered by insurance, shall be
rendered against one or more of any Loan Party or any Subsidiary thereof and
either (i) enforcement proceedings shall have been commenced by any creditor
upon such judgment or order or (ii) there shall be any period of 30 consecutive
days during which a stay of enforcement of such judgment or order, by reason of
a pending appeal or otherwise, shall not be in effect; or

          (h)  an ERISA Event shall occur and the Dollar Equivalent of the
amount of all liabilities and deficiencies resulting therefrom, whether or not
assessed, exceeds $5,000,000 in the aggregate; or

          (i)  any provision of any Loan Document after delivery thereof shall
for any reason (other than through a termination executed by the appropriate
Collateral Agent or otherwise in accordance with its terms) fail or cease to be
valid and binding on, or enforceable against, any Loan Party party thereto, or
any Loan Party shall so state in writing; or

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          (j)  any Collateral Document shall for any reason fail or cease to
create valid and enforceable Liens on any Collateral purported to be covered
thereby or, except as permitted by the Loan Documents, such Liens shall fail or
cease to constitute the Requisite Priority Liens, or any Loan Party shall so
state in writing and, if such invalidity relates solely to Collateral the
aggregate value of which has a Dollar Equivalent not exceeding $1,000,000 and
such invalidity or unenforceability is such as to be amenable to cure without
materially adversely affecting the Agents and the other Secured Parties under
any Loan Document, such invalidity or unenforceability shall not be cured within
30 days; or

          (k)  there shall occur any Change of Control; or

          (l)  one or more of the Parent, the Borrower and their respective
Subsidiaries shall have entered into one or more consent or settlement decrees
or agreements or similar arrangements with a Governmental Authority or one or
more judgments, orders, decrees or similar actions shall have been entered
against one or more of the Parent, the Borrower and their respective
Subsidiaries based on or arising from the violation of or pursuant to any
Environmental Law, or the generation, storage, transportation, treatment,
disposal or Release of any Contaminant and, in connection with all the
foregoing, the Parent, the Borrower or any of their respective Subsidiaries is
likely to incur Environmental Liabilities and Costs whose Dollar Equivalent
exceeds $7,000,000 in the aggregate that were not reflected in the Projections
or the Financial Statements delivered pursuant to SECTION 4.4 (FINANCIAL
STATEMENTS) prior to the date hereof.

          SECTION 9.2    REMEDIES

          During the continuance of any Event of Default, the Administrative
Agent (a) at the request of the Requisite Lenders, shall, by notice to the
Borrower declare that all or any portion of the Commitments be terminated,
whereupon the obligation of each Lender to make any Loan and each Issuer to
Issue any Letter of Credit shall immediately terminate and (b) at the request of
the Requisite Lenders, shall, by notice to the Borrower, declare the Loans, all
interest thereon and all other amounts and Obligations payable under this
Agreement to be forthwith due and payable, whereupon the Loans, all such
interest and all such amounts and Obligations shall become and be forthwith due
and payable, without presentment, demand, protest or further notice of any kind,
all of which are hereby expressly waived by the Borrower; PROVIDED, HOWEVER,
that upon the occurrence of the Events of Default specified in SECTION
9.1(f)(ii) (EVENTS OF DEFAULT), (x) the Commitments of each Lender to make Loans
and the commitments of each Lender and Issuer to Issue or participate in Letters
of Credit shall each automatically be terminated and (y) the Loans, all such
interest and all such amounts and Obligations shall automatically become and be
due and payable, without presentment, demand, protest or any notice of any kind,
all of which are hereby expressly waived by the Borrower. In addition to the
remedies set forth above, the Collateral Agents may exercise any remedies
provided for by the Collateral Documents in accordance with the terms thereof or
any other remedies provided by applicable law.

          SECTION 9.3    ACTIONS IN RESPECT OF LETTERS OF CREDIT

          At any time (a) upon the Revolving Credit Termination Date, (b) after
the Revolving Credit Termination Date when the aggregate funds on deposit in
Cash Collateral Accounts shall be less than 102% of the Letter of Credit
Obligations, (c) as may be required by SECTION 2.9(c) or (d) (MANDATORY
PREPAYMENTS), the Borrower shall pay to the Administrative Agent in immediately
available funds at the Administrative Agent's office referred to in SECTION 11.8
(NOTICES, ETC.), for deposit in a Cash Collateral Account, (x) in the case of
CLAUSES (a) and

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(b) above, the amount required to that, after such payment, the aggregate funds
on deposit in the Cash Collateral Accounts equals or exceeds 102% of the sum of
all outstanding Letter of Credit Obligations and (y) in the case of CLAUSE (c)
above, the amount required by SECTION 2.9(c) (MANDATORY PREPAYMENTS). The
Administrative Agent may, from time to time after funds are deposited in any
Cash Collateral Account, apply funds then held in such Cash Collateral Account
to the payment of any amounts, in accordance with SECTION 2.13(g) (PAYMENTS AND
COMPUTATIONS), as shall have become or shall become due and payable by the
Borrower to the Issuers or Lenders in respect of the Letter of Credit
Obligations. The Administrative Agent shall promptly give written notice of any
such application; PROVIDED, HOWEVER, that the failure to give such written
notice shall not invalidate any such application.

          SECTION 9.4    RESCISSION

          If at any time after termination of the Commitments or acceleration of
the maturity of the Loans, the Borrower shall pay all arrears of interest and
all payments on account of principal of the Loans and Reimbursement Obligations
that shall have become due otherwise than by acceleration (with interest on
principal and, to the extent permitted by law, on overdue interest, at the rates
specified herein) and all Events of Default and Defaults (other than non-payment
of principal of and accrued interest on the Loans due and payable solely by
virtue of acceleration) shall be remedied or waived pursuant to SECTION 11.1
(AMENDMENTS, WAIVERS, ETC.), then upon the written consent of the Requisite
Lenders and written notice to the Borrower, the termination of the Commitments
or the acceleration and their consequences may be rescinded and annulled;
PROVIDED, HOWEVER, that such action shall not affect any subsequent Event of
Default or Default or impair any right or remedy consequent thereon. The
provisions of the preceding sentence are intended merely to bind the Lenders and
the Issuers to a decision that may be made at the election of the Requisite
Lenders, and such provisions are not intended to benefit the Borrower and do not
give the Borrower the right to require the Lenders to rescind or annul any
acceleration hereunder, even if the conditions set forth herein are met.

                                    ARTICLE X

                                   THE AGENTS

          SECTION 10.1   AUTHORIZATION AND ACTION

          (a)  Each Lender and each Issuer hereby appoints hereunder (i)
Citicorp as the Administrative Agent and the Tranche C Agent, (ii) BofA as the
Syndication Agent and (iii) Merrill as the Documentation Agent, and each Lender
and each Issuer authorizes each such Agent to take such action as agent on its
behalf and to exercise such powers under this Agreement and the other Loan
Documents as are delegated to such Agent under such agreements and to exercise
such powers as are reasonably incidental thereto. Without limiting the
foregoing, each Lender and each Issuer hereby authorizes each Collateral Agent
to execute and deliver, and to perform its obligations under, each of the Loan
Documents to which such Collateral Agent is a party, to exercise all rights,
powers and remedies that such Agent may have under such Loan Documents and, in
the case of the Collateral Documents, to act as agent under such Collateral
Documents for (x) in the case of the Administrative Agent, the First-Priority
Secured Parties and (y) in the case of the Tranche C Agent, the Tranche C
Secured Parties.

          (b)  As to any matters not expressly provided for by this Agreement
and the other Loan Documents (including enforcement or collection), (i) the
Administrative Agent shall

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not be required to exercise any discretion or take any action, but shall be
required to act or to refrain from acting (and shall be fully protected in so
acting or refraining from acting) upon the instructions of the Requisite
Lenders, and such instructions shall be binding upon all Lenders and each Issuer
and (ii) subject to the Intercreditor Agreement, the Tranche C Agent shall not
be required to exercise any discretion or take any action, but shall be required
to act or refrain from acting (and shall be fully protected in so acting or
refraining from acting) upon the instructions of the Requisite Tranche C
Lenders, and such instructions shall be binding upon the Tranche C Lenders;
PROVIDED, HOWEVER, that neither Collateral Agent shall be required to take any
action that (x) such Collateral Agent in good faith believes exposes it to
personal liability unless such Agent receives an indemnification satisfactory to
it from the Lenders and the Issuers with respect to such action or (y) is
contrary to any Loan Document or applicable law. Each Collateral Agent agrees to
give to each other Agent and each Lender and each Issuer prompt notice of each
notice given to it by any Loan Party pursuant to the terms of this Agreement or
the other Loan Documents.

          (c)  In performing their respective functions and duties hereunder and
under the other Loan Documents, (i) the Administrative Agent is acting solely on
behalf of the Lenders and the Issuers except to the limited extent provided in
SECTION 2.7(b) and (ii) the Tranche C Agent is acting solely on behalf of the
Tranche C Lenders and each of their respective duties are entirely
administrative in nature. Neither Collateral Agent assumes or shall be deemed to
have assumed any obligation other than as expressly set forth herein and in the
other Loan Documents or any other relationship as the agent, fiduciary or
trustee of or for any Lender, Issuer or holder of any other Secured Obligation.
Each Collateral Agent may perform any of its duties under any of the Loan
Documents by or through its agents or employees.

          (d)  Notwithstanding anything else to the contrary in this Agreement,
none of the Arrangers, the Syndication Agent or the Documentation Agent shall
have any obligations or duties whatsoever in such capacity under this Agreement
or any other Loan Document, shall have any rights separate from its rights as a
Lender, except for consent rights expressly provided hereunder, or shall incur
any liability hereunder or thereunder in such capacity.

          SECTION 10.2   AGENTS' RELIANCE, ETC.

          No Agent, no Affiliate of any Agent and none of their respective
directors, officers, agents or employees shall be liable for any action taken or
omitted to be taken by it, him, her or them under or in connection with this
Agreement or the other Loan Documents, except for its, his, her or their own
gross negligence or willful misconduct. Without limiting the foregoing, the
Agents (a) may treat the payee of any Note as its holder until such Note has
been assigned in accordance with SECTION 11.2 (ASSIGNMENTS AND PARTICIPATIONS),
(b) may rely on the Register to the extent set forth in SECTION 2.7 (EVIDENCE OF
DEBT), (c) may consult with legal counsel (including counsel to the Parent, the
Borrower or any other Loan Party), independent public accountants and other
experts selected by it and shall not be liable for any action taken or omitted
to be taken in good faith by it in accordance with the advice of such counsel,
accountants or experts, (d) makes no warranty or representation to any Lender or
Issuer and shall not be responsible to any Lender or Issuer for any statements,
warranties or representations made by or on behalf of the Parent, the Borrower
or any of their respective Subsidiaries in or in connection with this Agreement
or any other Loan Document, (e) shall not have any duty to ascertain or to
inquire either as to the performance or observance of any term, covenant or
condition of this Agreement or any other Loan Document, as to the financial
condition of any Loan Party or as to the existence or possible existence of any
Default or Event of Default, (f) shall not be responsible

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to any Lender or Issuer for the due execution, legality, validity,
enforceability, genuineness, sufficiency or value of, or the attachment,
perfection or priority of any Lien created or purported to be created under or
in connection with, this Agreement, any other Loan Document or any other
instrument or document furnished pursuant hereto or thereto and (g) shall incur
no liability under or in respect of this Agreement or any other Loan Document by
acting upon any notice, consent, certificate or other instrument or writing
(which writing may be a telecopy or electronic mail) or any telephone message
believed by it to be genuine and signed or sent by the proper party or parties.

          SECTION 10.3   POSTING OF APPROVED ELECTRONIC COMMUNICATIONS

          (a)  Each of the Lenders, the Issuers, the Agents, the Parent and the
Borrower agree, and the Parent shall cause each Subsidiary Guarantor to agree,
that each Agent may, but shall not be obligated to, make the Approved Electronic
Communications available to the Lenders and Issuers by posting such Approved
Electronic Communications on IntraLinks(TM) or a substantially similar
electronic platform chosen by the Administrative Agent to be its electronic
transmission system (the "APPROVED ELECTRONIC PLATFORM").

          (b)  Although the Approved Electronic Platform and its primary web
portal are secured with generally-applicable security procedures and policies
implemented or modified by the Administrative Agent from time to time
(including, as of the Closing Date, a dual firewall and a User ID/Password
Authorization System) and the Approved Electronic Platform is secured through a
single-user-per-deal authorization method whereby each user may access the
Approved Electronic Platform only on a deal-by-deal basis, each of the Lenders,
the Issuers, the Parent and the Borrower acknowledges and agrees, and the Parent
shall cause each Subsidiary Guarantor to acknowledge and agree, that the
distribution of material through an electronic medium is not necessarily secure
and that there are confidentiality and other risks associated with such
distribution. In consideration for the convenience and other benefits afforded
by such distribution and for the other consideration provided hereunder, the
receipt and sufficiency of which is hereby acknowledged, each of the Lenders,
the Issuers, the Parent and the Borrower hereby approves, and the Parent shall
cause each Subsidiary Guarantor to approve, distribution of the Approved
Electronic Communications through the Approved Electronic Platform and
understands and assumes, and the Parent shall cause each Subsidiary Guarantor to
understand and assume, the risks of such distribution.

          (c)  The Approved Electronic Communications and the Approved
Electronic Platform are provided "AS IS" and "AS AVAILABLE". None of the Agents
or any of their respective Affiliates or any of their respective officers,
directors, employees, agents, advisors or representatives (the "AGENT
AFFILIATES") warrant the accuracy, adequacy or completeness of the Approved
Electronic Communications and the Approved Electronic Platform and each
expressly disclaims liability for errors or omissions in the Approved Electronic
Communications and the Approved Electronic Platform. No Warranty of any kind,
express, implied or statutory (including, without limitation, any warranty of
merchantability, fitness for a particular purpose, non-infringement of third
party rights or freedom from viruses or other code defects) is made by the agent
affiliates in connection with the approved electronic communications or the
approved electronic platform.

          (d)  Each of the Lenders, the Issuers, the Parent and the Borrower
agree, and the Parent shall cause each Subsidiary Guarantor to agree, that each
Agent may, but (except as may be required by applicable law) shall not be
obligated to, store the Approved Electronic

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Communications on the Approved Electronic Platform in accordance with such
Agent's generally-applicable document retention procedures and policies.

          SECTION 10.4   EACH AGENT INDIVIDUALLY

          With respect to its Ratable Portion, each of Citicorp, BofA and
Merrill shall have and may exercise the same rights and powers hereunder and is
subject to the same obligations and liabilities as and to the extent set forth
herein for any other Lender. The terms "LENDERS", "REVOLVING CREDIT LENDERS",
"TERM LOAN LENDERS", "TRANCHE B LENDERS", "TRANCHE C LENDERS", "REQUISITE
LENDERS" and any similar term shall, unless the context clearly otherwise
indicates, include, without limitation, each Agent in its individual capacity as
a Lender, a Revolving Credit Lender, Term Loan Lender, Tranche B Lender, Tranche
C Lender or as one of the Requisite Lenders. Each Agent and its Affiliates may
accept deposits from, lend money to, and generally engage in any kind of
banking, trust or other business with, any Loan Party as if such Agent were not
acting as Agent hereunder.

          SECTION 10.5   LENDER CREDIT DECISION

          Each Lender and each Issuer acknowledges that it shall, independently
and without reliance upon any Agent or any other Lender conduct its own
independent investigation of the financial condition and affairs of the Borrower
and each other Loan Party in connection with the making and continuance of the
Loans and with the issuance of the Letters of Credit. Each Lender and each
Issuer also acknowledges that it shall, independently and without reliance upon
any Agent or any other Lender and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under this Agreement and other Loan Documents.

          SECTION 10.6   INDEMNIFICATION

          Each Lender agrees to indemnify each Agent and each of its Affiliates,
and each of their respective directors, officers, employees, agents and advisors
(to the extent not reimbursed by the Borrower or any other Loan Party), from and
against such Lender's aggregate Ratable Portion of any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses and disbursements (including fees, expenses and disbursements of
financial and legal advisors) of any kind or nature whatsoever that may be
imposed on, incurred by, or asserted against, such Agent or any of its
Affiliates, directors, officers, employees, agents and advisors in any way
relating to or arising out of this Agreement or the other Loan Documents or any
action taken or omitted by such Agent under this Agreement or the other Loan
Documents; PROVIDED, HOWEVER, that no Lender shall be liable for any portion of
such liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements resulting from such Agent's or such
Affiliate's gross negligence, bad faith or willful misconduct. Without limiting
the foregoing, each Lender agrees to reimburse such Agent promptly upon demand
for its ratable share of any out-of-pocket expenses (including fees, expenses
and disbursements of financial and legal advisors) incurred by such Agent in
connection with the preparation, execution, delivery, administration,
modification, amendment or enforcement (whether through negotiations, legal
proceedings or otherwise) of, or legal advice in respect of its rights or
responsibilities under, this Agreement or the other Loan Documents, to the
extent that such Agent is not reimbursed for such expenses by the Borrower or
any other Loan Party.

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          SECTION 10.7   SUCCESSOR ADMINISTRATIVE AGENT AND TRANCHE C AGENT

          Each of the Administrative Agent and the Tranche C Agent may resign at
any time by giving written notice thereof to the Lenders and the Borrower. Upon
any such resignation by the Administrative Agent, the Requisite Lenders shall
have the right to appoint a successor Administrative Agent. Upon any such
resignation by the Tranche C Agent, the Requisite Tranche C Lenders shall have
the right to appoint a successor Tranche C Agent. If no successor Agent shall
have been so appointed, and shall have accepted such appointment, within 30 days
after the retiring Agent's giving of notice of resignation, then the retiring
Agent may, on behalf of the Lenders, appoint a successor Administrative Agent
(or, as the case may be Tranche C Agent), selected from among the Lenders. In
either case, such appointment shall be subject to the prior written approval of
the Borrower (which approval may not be unreasonably withheld and shall not be
required upon the occurrence and during the continuance of an Event of Default).
Upon the acceptance of any appointment as Administrative Agent or Tranche C
Agent by a successor Agent, such successor Agent shall succeed to, and become
vested with, all the rights, powers, privileges and duties of the retiring
Agent, and the retiring Agent shall be discharged from its duties and
obligations under this Agreement and the other Loan Documents. Prior to any
retiring Agent's resignation hereunder as Administrative Agent or Tranche C
Agent, the retiring Agent shall take such action as may be reasonably necessary
to assign to the successor Agent its rights as Administrative Agent (or, as the
case may be Tranche C Agent) under the Loan Documents. After such resignation,
the retiring Agent shall continue to have the benefit of this ARTICLE X as to
any actions taken or omitted to be taken by it while it was Administrative Agent
(or, as the case may be Tranche C Agent) under this Agreement and the other Loan
Documents.

          SECTION 10.8   CONCERNING THE COLLATERAL AND THE COLLATERAL DOCUMENTS

          (a)  Each Lender and each Issuer agrees that any action taken by the
Collateral Agents or the Requisite Lenders (or, where required by the express
terms of this Agreement, a greater proportion of the Lenders) in accordance with
the provisions of this Agreement or of the other Loan Documents, and the
exercise by the Collateral Agents or the Requisite Lenders (or, where so
required, such greater proportion) of the powers set forth herein or therein,
together with such other powers as are reasonably incidental thereto, shall be
authorized and binding upon all of the Lenders, Issuers and other Secured
Parties. Without limiting the generality of the foregoing, (i) the
Administrative Agent shall have the sole and exclusive right and authority to
act as the disbursing and collecting agent for the Lenders and the Issuers with
respect to all payments and collections arising in connection herewith and with
the Collateral Documents, (ii) the Collateral Agents shall jointly have the sole
authority to (A) execute and deliver each Collateral Document and accept
delivery of each such agreement delivered by the Parent or any of its
Subsidiaries, (B) act as collateral agent for the Lenders, the Issuers and the
other Secured Parties for purposes of the perfection of all security interests
and Liens created by such agreements and all other purposes stated therein,
PROVIDED, HOWEVER, that each Collateral Agent hereby appoints, authorizes and
directs each Lender and Issuer to act as collateral sub-agent for the Collateral
Agents, the Lenders and the Issuers for purposes of the perfection of all
security interests and Liens with respect to the Collateral, including any
Deposit Accounts maintained by a Loan Party with, and cash and Cash Equivalents
held by, such Lender or such Issuer, (C) manage, supervise and otherwise deal
with the Collateral, (D) take such action as is necessary or desirable to
maintain the perfection and priority of the security interests and Liens created
or purported to be created by the Collateral Documents and (E) except as may be

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otherwise specifically restricted by the terms hereof or of any other Loan
Document, exercise all remedies given to the Collateral Agents, the Lenders, the
Issuers and the other Secured Parties with respect to the Collateral under the
Loan Documents relating thereto, applicable law or otherwise.

          (b)  Each of the Lenders and the Issuers hereby directs each
Collateral Agent to execute the Intercreditor Agreement and to execute and
deliver or file such termination and partial release statements and do such
other things as are necessary to release Liens to be released or subordinated in
accordance with, and subject to the terms and conditions of, the Intercreditor
Agreement.

          SECTION 10.9   COLLATERAL MATTERS RELATING TO RELATED OBLIGATIONS

          The benefit of the Loan Documents and of the provisions of this
Agreement relating to the Collateral shall extend to and be available in respect
of any Secured Obligation arising under any Hedging Contract or Cash Management
Obligation or that is otherwise owed to Persons other than the Agents, the
Lenders and the Issuers (collectively, "RELATED OBLIGATIONS") solely on the
condition and understanding, as among the Collateral Agents and all Secured
Parties, that (a) the Related Obligations shall be entitled to the benefit of
the Loan Documents and the Collateral to the extent expressly set forth in this
Agreement and the other Loan Documents and to such extent the Collateral Agents
shall hold, and have the right and power to act with respect to, the Guaranty
and the Collateral on behalf of and as agent for the holders of the Related
Obligations, but the Collateral Agents are otherwise acting solely as agent for
the Lenders and the Issuers and shall have no fiduciary duty, duty of loyalty,
duty of care, duty of disclosure or other obligation whatsoever to any holder of
Related Obligations, (b) all matters, acts and omissions relating in any manner
to the Guaranty, the Collateral, or the omission, creation, perfection,
priority, abandonment or release of any Lien, shall be governed solely by the
provisions of this Agreement and the other Loan Documents and no separate Lien,
right, power or remedy shall arise or exist in favor of any Secured Party under
any separate instrument or agreement or in respect of any Related Obligation,
(c) each Secured Party shall be bound by all actions taken or omitted, in
accordance with the provisions of this Agreement and the other Loan Documents,
by the Collateral Agents and the Requisite Lenders, each of whom shall be
entitled to act at its sole discretion and exclusively in its own interest given
its own Commitments and its own interest in the Loans, Letter of Credit
Obligations and other Obligations to it arising under this Agreement or the
other Loan Documents, without any duty or liability to any other Secured Party
or as to any Related Obligation and without regard to whether any Related
Obligation remains outstanding or is deprived of the benefit of the Collateral
or becomes unsecured or is otherwise affected or put in jeopardy thereby, (d) no
holder of Related Obligations and no other Secured Party (except the Agents, the
Lenders and the Issuers, to the extent set forth in this Agreement) shall have
any right to be notified of, or to direct, require or be heard with respect to,
any action taken or omitted in respect of the Collateral or under this Agreement
or the Loan Documents and (e) no holder of any Related Obligation shall exercise
any right of setoff, banker's lien or similar right except to the extent
provided in SECTION 11.6 (RIGHT OF SET-OFF) and then only to the extent such
right is exercised in compliance with SECTION 11.7 (SHARING OF PAYMENTS, ETC.).

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                                   ARTICLE XI

                                  MISCELLANEOUS

          SECTION 11.1   AMENDMENTS, WAIVERS, ETC.

          (a)  No amendment or waiver of any provision of this Agreement or any
other Loan Document nor consent to any departure by any Loan Party therefrom
shall in any event be effective unless the same shall be in writing and (x) in
the case of any such waiver or consent, signed by the Requisite Lenders (or by
the Administrative Agent with the consent of the Requisite Lenders), (y) in the
case of any amendment necessary to implement the terms of a Facilities Increase
in accordance with the terms hereof, by the Borrower and the Administrative
Agent, and (z) in the case of any other amendment, by the Requisite Lenders (or
by the Administrative Agent with the consent of the Requisite Lenders) and the
Borrower, and then any such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given; PROVIDED,
HOWEVER, that no amendment, waiver or consent shall, unless in writing and
signed by each Lender directly affected thereby, in addition to the Requisite
Lenders (or the Administrative Agent with the consent thereof), do any of the
following:

               (i)    waive any condition specified in SECTION 3.1 (CONDITIONS
     PRECEDENT TO INITIAL LOANS AND LETTERS OF CREDIT), except with respect to a
     condition based upon another provision hereof, the waiver of which requires
     only the concurrence of the Requisite Lenders and, in the case of the
     conditions specified in SECTION 3.1 (CONDITIONS PRECEDENT TO INITIAL LOANS
     AND LETTERS OF CREDIT), subject to the provisions of SECTION 3.4
     (DETERMINATIONS OF INITIAL BORROWING CONDITIONS);

               (ii)   increase the Commitment of such Lender or subject such
     Lender to any additional obligation;

               (iii)  extend the scheduled final maturity of any Loan owing to
     such Lender, or waive or postpone any scheduled date fixed for the payment
     or reduction of principal or interest (other than with respect to the
     increase in such rate of interest triggered by any Default or Event of
     Default) of any such Loan or any fee owing to such Lender (it being
     understood that SECTION 2.9 (MANDATORY PREPAYMENTS) does not provide for
     scheduled dates fixed for payment) or for the reduction of such Lender's
     Commitment);

               (iv)   reduce, or release the Borrower from its obligations to
     repay, the principal amount of any Loan or Reimbursement Obligation owing
     to such Lender (other than by the payment or prepayment thereof);

               (v)    reduce the rate of interest on any Loan or Reimbursement
     Obligation outstanding and owing to such Lender or any fee payable
     hereunder to such Lender;

               (vi)   postpone any scheduled date fixed for payment of interest
     or fees owing to such Lender or waive any such payment;

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               (vii)  change the aggregate Ratable Portions of Lenders required
     for any or all Lenders to take any action hereunder or change the
     definition of "Requisite Lenders" or "Ratable Portion", in each case other
     than as part of a Facilities Increase;

               (viii) release all or substantially all of the Collateral except
     as provided in SECTION 5.1 (RELEASES; ENFORCEMENT BY ADMINISTRATIVE AGENT)
     of the Intercreditor Agreement or release the Borrower from its payment
     obligation to such Lender under this Agreement or the Notes owing to such
     Lender (if any) or release any Guarantor from its obligations under the
     Guaranty except in connection with the sale or other disposition of a
     Subsidiary Guarantor (or all or substantially all of the assets thereof) or
     the dissolution or liquidation of a Subsidiary Guarantor permitted by this
     Agreement (or permitted pursuant to a waiver or consent of a transaction
     otherwise prohibited by this Agreement); or

               (ix)   amend SECTION 5.1 (RELEASES; ENFORCEMENT BY ADMINISTRATIVE
     AGENT) of the Intercreditor Agreement, SECTION 11.7 (SHARING OF PAYMENTS,
     ETC.) hereof or this SECTION 11.1;

and PROVIDED, FURTHER, that:

               (s)    (i) any change to the definition of the term "Requisite
     Tranche B Lenders" shall require the consent of the Requisite Tranche B
     Lenders and (ii) any change to the definition of "Requisite Revolving
     Credit Lenders" shall require the consent of the Requisite Revolving Credit
     Lenders, in each case other than as part of a Facilities Increase;

               (t)    (i) any modification of the application of payments to the
     Tranche B Loans pursuant to SECTION 2.9 (MANDATORY PREPAYMENTS) shall
     require the consent of the Requisite Tranche B Lenders, (ii) any
     modification of the application of payments to the Revolving Loans pursuant
     to SECTION 2.9 (MANDATORY PREPAYMENTS) or the reduction of the Revolving
     Credit Commitments pursuant to SECTION 2.5(b) (TERMINATION OF THE
     COMMITMENTS) shall require the consent of the Requisite Revolving Credit
     Lenders and (iii) any modification of the application of payments to the
     Tranche C Loans pursuant to SECTION 2.9 (MANDATORY PREPAYMENTS) shall
     require the consent of the Requisite Tranche C Lenders;

               (u)    no amendment, waiver or consent shall, unless in writing
     and signed by the Requisite Asset Sale Lenders in lieu of the consent of
     the Requisite Lenders, (i) permit, to the extent not otherwise permitted
     without such amendment, waiver or consent, any Asset Sale of all or
     substantially all of the assets of the Parent and its Subsidiaries, taken
     as a whole, at any time after an Event of Default shall be continuing (but
     prior to (x) the exercise of remedies by the Administrative Agent pursuant
     to the Loan Documents, (y) the occurrence of any of the Events of Default
     specified in SECTION 9.1(f)(ii) (EVENTS OF DEFAULT) and (z) the occurrence
     of any "Insolvency or Liquidation Proceeding" as defined in the
     Intercreditor Agreement) or (ii) waive or reduce by an aggregate amount
     exceeding $25,000,000 any requirement to prepay any Secured Obligation upon
     the receipt of the Net Cash Proceeds of Asset Sales;

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                                                                CREDIT AGREEMENT
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               (v)    no amendment, waiver or consent shall, unless in writing
     and signed by the Requisite Tranche C Lenders in addition to any other
     consent that may be required hereunder, do any of the following:

                      (i)   other than as part of a Facilities Increase,
               increase the sum of the principal amount of the Tranche B Loans
               outstanding and the aggregate Revolving Credit Commitments
               outstanding (other than to permit the receipt, accretion or
               amortization of original issue discount or the receipt or
               accretion of interest paid in kind);

                      (ii)  waive any Tranche C Default or amend SECTION 5.1(b)
               (MAXIMUM LEVERAGE RATIO), SECTION 5.2(b) (MINIMUM INTEREST
               COVERAGE RATIO) or SECTION 5.3(b) (MINIMUM FIXED CHARGE COVERAGE
               RATIO);

                      (iii) subordinate any Lien on the Collateral to the Lien
               of any other creditor of the Borrower or any other Loan Party
               except as contemplated in SECTION 5.1 (RELEASES; ENFORCEMENT BY
               ADMINISTRATIVE AGENT) of the Intercreditor Agreement;

                      (iv)  amend the Intercreditor Agreement, except for
               amendments contemplated therein to be made without the consent of
               the Requisite Tranche C Lenders; or

                      (iv)  change the definition of "Requisite Tranche C
               Lenders";

               (w)    no amendment, waiver or consent shall, unless in writing
     and signed by any Special Purpose Vehicle that has been granted an option
     pursuant to SECTION 11.2(e) (ASSIGNMENTS AND PARTICIPATIONS), affect the
     grant or nature of such option or the right or duties of such Special
     Purpose Vehicle hereunder;

               (x)    no amendment, waiver or consent shall affect the rights or
     duties of any Agent or Issuer under this Agreement or the other Loan
     Documents unless in writing and signed by such Agent or Issuer in addition
     to the Lenders required above to take such action;

               (y)    no amendment, waiver or consent shall, unless in writing
     and signed by the Swing Loan Lender in addition to the Lenders required
     above to take such action, affect the rights or duties of the Swing Loan
     Lender under this Agreement or the other Loan Documents; and

               (z)    notwithstanding any of the foregoing, the Administrative
     Agent may, solely with the consent of the Borrower, amend, modify or
     supplement this Agreement to cure any typographical error, defect or
     inconsistency, as long as such amendment, modification or supplement does
     not adversely affect the rights of any Lender or any Issuer in any material
     respect.

          (b)  The Administrative Agent may, but shall have no obligation to,
with the written concurrence of any Lender, execute amendments, modifications,
waivers or consents on behalf of such Lender. Any waiver or consent shall be
effective only in the specific instance and for the specific purpose for which
it was given. No notice to or demand on the Borrower in any

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

case shall entitle the Borrower to any other or further notice or demand in
similar or other circumstances.

          (c)  If, in connection with any proposed amendment, modification,
waiver or termination requiring the consent of any Revolving Credit Lender or
Term Loan Lender of any Tranche in addition to the consent of the Requisite
Lenders, the consent of the Requisite Lenders is obtained but the consent of
such Revolving Credit Lender or Term Loan Lender whose consent is required is
not obtained (any such Lender whose consent is not obtained as described in this
SECTION 11.1 being referred to as a "NON-CONSENTING LENDER"), then, as long as
the Lender acting as the Administrative Agent is not a Non-Consenting Lender, at
the Borrower's request, an Eligible Assignee acceptable to the Administrative
Agent shall have the right with the Administrative Agent's consent and in the
Administrative Agent's sole discretion (but shall have no obligation) to
purchase from such Non-Consenting Lender, and such Non-Consenting Lender agrees
that it shall, upon the Administrative Agent's request, sell and assign to the
Lender acting as the Administrative Agent or such Eligible Assignee, all of the
Revolving Credit Commitments and Revolving Credit Outstandings of such
Non-Consenting Lender if such Non-Consenting Lender is a Revolving Credit Lender
and all of the Term Loans of such Non-Consenting Lender of such Tranche if such
Non-Consenting Lender is a Term Loan Lender of any Tranche, in each case for an
amount equal to the principal balance of all such Revolving Loans or Term Loans,
as applicable, held by the Non-Consenting Lender and all accrued and unpaid
interest and fees with respect thereto through the date of sale; PROVIDED,
HOWEVER, that such purchase and sale shall be recorded in the Register
maintained by the Administrative Agent and not be effective until (x) the
Administrative Agent shall have received from such Eligible Assignee an
agreement in form and substance satisfactory to the Administrative Agent and the
Borrower whereby such Eligible Assignee shall agree to be bound by the terms
hereof and (y) such Non-Consenting Lender shall have received payments of all
Revolving Loans or Term Loans of any Tranche, as applicable, held by it and all
accrued and unpaid interest and fees with respect thereto through the date of
the sale. Each Lender agrees that, if it becomes a Non-Consenting Lender, it
shall execute and deliver to the Administrative Agent an Assignment an
Acceptance to evidence such sale and purchase and shall deliver to the
Administrative Agent any Note (if the assigning Lender's Loans are evidenced by
Notes) subject to such Assignment and Acceptance; PROVIDED, HOWEVER, that the
failure of any Non-Consenting Lender to execute an Assignment and Acceptance
shall not render such sale and purchase (and the corresponding assignment)
invalid and such assignment shall be recorded in the Register.

          SECTION 11.2   ASSIGNMENTS AND PARTICIPATIONS

          (a)  Each Lender may sell, transfer, negotiate or assign to one or
more Eligible Assignees all or a portion of its rights and obligations hereunder
(including all of its rights and obligations with respect to the Term Loans of
any Tranche, the Revolving Loans, the Swing Loans and the Letters of Credit);
PROVIDED, HOWEVER, that:

               (i)    (A) if any such assignment shall be of the assigning
     Lender's Revolving Credit Outstandings and Revolving Credit Commitments,
     such assignment shall cover the same percentage of such Lender's Revolving
     Credit Outstandings and Revolving Credit Commitment and (B) if any such
     assignment shall be of the assigning Lender's Term Loans of any Tranche and
     Term Loan Commitments of any Tranche, such assignment shall cover the same
     percentage of such Lender's Term Loans of such Tranche and Term Loan
     Commitments of such Tranche;

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

               (ii)   each such assignment shall be, as determined as of the
     date of the Assignment and Acceptance with respect to such assignment, (A)
     an assignment of the Assignor's entire interest in any Facility, (B) an
     assignment to a Lender or an Affiliate or Approved Fund of such Lender or
     (C)(1) an assignment of Term Loans of any Tranche and Term Loan Commitments
     of such Tranche in an amount equal to an integral multiple of $1,000,000,
     (2) any assignment of any Revolving Credit Outstandings and Revolving
     Credit Commitments in an amount equal to $5,000,000 or an integral multiple
     of $1,000,000 in excess thereof or (3) an assignment of any other amount
     made with the consent of the Borrower and the Administrative Agent; and

               (iii)  if such Eligible Assignee is not, prior to the date of
     such assignment, a Lender or an Affiliate or Approved Fund of a Lender,
     such assignment shall be subject to the prior consent of the Administrative
     Agent and the Borrower (which consents shall not be unreasonably withheld
     or delayed);

and PROVIDED, FURTHER, that, notwithstanding any other provision of this SECTION
11.2, (x) the consent of the Borrower shall not be required for any assignment
occurring when any Event of Default shall have occurred and be continuing and
(y) neither the consent of the Borrower nor the consent of the Administrative
Agent shall be required for any assignment by any Affiliate or Approved Fund of
the Administrative Agent, the Syndication Agent or the Documentation Agent of
the Commitments held on the Closing Date by any such Affiliate or Approved Fund
if such assignment is made within the first 60 days as part of the syndication
of the Term Loan Facilities. Any such assignment need not be ratable as among
the Tranches of the Term Loan Facilities or as among the Term Loan Facilities
and the Revolving Credit Facility.

          (b)  The parties to each such assignment shall execute and deliver to
the Administrative Agent, for its acceptance and recording in the Register, an
Assignment and Acceptance, together with any Note (if the assigning Lender's
Loans are evidenced by a Note) subject to such assignment. Upon the execution,
delivery, acceptance and recording in the Register of any Assignment and
Acceptance and, other than in respect of assignments made pursuant to SECTION
2.17 (SUBSTITUTION OF LENDERS) and SECTION 11.1(c) (AMENDMENTS, WAIVERS, ETC.)
or described in CLAUSE (y) of the last proviso of CLAUSE (a) above, the receipt
by the Administrative Agent from the assignee of an assignment fee in the amount
of $3,500 from and after the effective date specified in such Assignment and
Acceptance and the receipt, to the extent required, of the consent from the
Borrower and the Administrative Agent, (i) the assignee thereunder shall become
a party hereto and, to the extent that rights and obligations under the Loan
Documents have been assigned to such assignee pursuant to such Assignment and
Acceptance, have the rights and obligations of a Lender, and if such Lender were
an Issuer, of such Issuer hereunder and thereunder, (ii) the Notes (if any)
corresponding to the Loans assigned thereby shall be transferred to such
assignee by notation in the Register and (iii) the assignor thereunder shall, to
the extent that rights and obligations under this Agreement have been assigned
by it pursuant to such Assignment and Acceptance, relinquish its rights (except
for those surviving the payment in full of the Obligations) and be released from
its obligations under the Loan Documents, other than those relating to events or
circumstances occurring prior to such assignment (and, in the case of an
Assignment and Acceptance covering all or the remaining portion of an assigning
Lender's rights and obligations under the Loan Documents, such Lender shall
cease to be a party hereto).

          (c)  The Administrative Agent shall maintain at its address referred
to in SECTION 11.8 (NOTICES, ETC.) a copy of each Assignment and Acceptance
delivered to and accepted

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

by it and shall record in the Register the names and addresses of the Lenders
and Issuers and the principal amount of the Loans and Reimbursement Obligations
owing to each Lender from time to time and the Commitments of each Lender. Any
assignment pursuant to this SECTION 11.2 shall not be effective until such
assignment is recorded in the Register.

          (d)  Upon its receipt of an Assignment and Acceptance executed by an
assigning Lender and an assignee, the Administrative Agent shall, if such
Assignment and Acceptance has been completed, (i) accept such Assignment and
Acceptance, (ii) record or cause to be recorded the information contained
therein in the Register and (iii) give prompt notice thereof to the Borrower.
Within 5 Business Days after its receipt of such notice, the Borrower, at its
own expense, shall, if requested by such assignee, execute and deliver to the
Administrative Agent new Notes to the order of such assignee in an amount equal
to the Commitments and Loans assumed by it pursuant to such Assignment and
Acceptance and, if the assigning Lender has surrendered any Note for exchange in
connection with the assignment and has retained Commitments or Loans hereunder,
new Notes to the order of the assigning Lender in an amount equal to the
Commitments and Loans retained by it hereunder. Such new Notes shall be dated
the same date as the surrendered Notes and be in substantially the form of
EXHIBIT B-1 (FORM OF REVOLVING CREDIT NOTE) or EXHIBIT B-2 (FORM OF TERM NOTE),
as applicable.

          (e)  In addition to the other assignment rights provided in this
SECTION 11.2, each Lender may do each of the following:

               (i)    grant to a Special Purpose Vehicle the option to make all
     or any part of any Loan that such Lender would otherwise be required to
     make hereunder and the exercise of such option by any such Special Purpose
     Vehicle and the making of Loans pursuant thereto shall satisfy (once and to
     the extent that such Loans are made) the obligation of such Lender to make
     such Loans thereunder, PROVIDED, HOWEVER, that (x) nothing herein shall
     constitute a commitment or an offer to commit by such a Special Purpose
     Vehicle to make Loans hereunder and no such Special Purpose Vehicle shall
     be liable for any indemnity or other Obligation (other than the making of
     Loans for which such Special Purpose Vehicle shall have exercised an
     option, and then only in accordance with the relevant option agreement) and
     (y) such Lender's obligations under the Loan Documents shall remain
     unchanged, such Lender shall remain responsible to the other parties for
     the performance of its obligations under the terms of this Agreement, shall
     retain all voting rights and shall remain the holder of the Obligations for
     all purposes hereunder; and

               (ii)   assign, as collateral or otherwise, any of its rights
     under this Agreement, whether now owned or hereafter acquired (including
     rights to payments of principal or interest on the Loans), to (A) without
     notice to or consent of the Administrative Agent or the Borrower, any
     Federal Reserve Bank (pursuant to Regulation A of the Federal Reserve
     Board) and (B) without consent of the Administrative Agent or the Borrower,
     (1) any holder of, or trustee for the benefit of, the holders of such
     Lender's Securities and (2) any Special Purpose Vehicle to which such
     Lender has granted an option pursuant to CLAUSE (i) above;

PROVIDED, HOWEVER, that no such assignment or grant shall release such Lender
from any of its obligations hereunder except as expressly provided in CLAUSE (i)
above and except, in the case of a subsequent foreclosure pursuant to an
assignment as collateral, if such foreclosure is made in compliance with the
other provisions of this SECTION 11.2 other than this CLAUSE (e) or CLAUSE (f)

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below. Each party hereto acknowledges and agrees that, prior to the date that is
one year and one day after the payment in full of all outstanding commercial
paper or other senior debt of any such Special Purpose Vehicle, such party shall
not institute against, or join any other Person in instituting against, any
Special Purpose Vehicle that has been granted an option pursuant to this CLAUSE
(e) any bankruptcy, reorganization, insolvency or liquidation proceeding (such
agreement shall survive the payment in full of the Obligations). The terms of
the designation of, or assignment to, such Special Purpose Vehicle shall not
restrict such Lender's ability to, or grant such Special Purpose Vehicle the
right to, consent to any amendment or waiver to this Agreement or any other Loan
Document or to the departure by the Borrower or the Parent from any provision of
this Agreement or any other Loan Document without the consent of such Special
Purpose Vehicle except, as long as the Agents, Issuers, Lenders and other
Secured Parties shall continue to, and shall be entitled to continue to, deal
solely and directly with such Lender in connection with such Lender's
obligations under this Agreement, to the extent any such consent would reduce
the principal amount of, or the rate of interest on, any Obligations, amend this
CLAUSE (e) or postpone any scheduled date of payment of such principal or
interest. Each Special Purpose Vehicle shall be entitled to the benefits of
SECTION 2.15 (CAPITAL ADEQUACY) and 2.16 (TAXES) and of 2.14(d) (ILLEGALITY) as
if it were such Lender; PROVIDED, HOWEVER, that anything herein to the contrary
notwithstanding, the Borrower shall not, at any time, be obligated to make under
SECTION 2.15 (CAPITAL ADEQUACY), 2.16 (TAXES) or 2.14(d) (ILLEGALITY) to any
such Special Purpose Vehicle or any such Lender any payment in excess of the
amount the Borrower would have been obligated to pay to such Lender in respect
of such interest if such Special Purpose Vehicle had not been assigned the
rights of such Lender hereunder; and PROVIDED, FURTHER, that such Special
Purpose Vehicle shall have no direct right to enforce any of the terms of this
Agreement against the Borrower, the Parent, the Agents, the Issuers, the other
Lenders or the other Secured Parties.

          (f)  Each Lender may sell participations to one or more Persons in or
to all or a portion of its rights and obligations under the Loan Documents
(including all its rights and obligations with respect to the Term Loans of any
Tranche, Revolving Loans and Letters of Credit). The terms of such participation
shall not, in any event, require the participant's consent to any amendments,
waivers or other modifications of any provision of any Loan Documents, the
consent to any departure by any Loan Party therefrom, or to the exercising or
refraining from exercising any powers or rights such Lender may have under or in
respect of the Loan Documents (including the right to enforce the obligations of
the Loan Parties), except if any such amendment, waiver or other modification or
consent would (i) reduce the amount, or postpone any date fixed for, any amount
(whether of principal, interest or fees) payable to such participant under the
Loan Documents, to which such participant would otherwise be entitled under such
participation or (ii) result in the release of all or substantially all of the
Collateral other than in accordance with SECTION 5.1 (RELEASES; ENFORCEMENT BY
ADMINISTRATIVE AGENT) of the Intercreditor Agreement. In the event of the sale
of any participation by any Lender, (w) such Lender's obligations under the Loan
Documents shall remain unchanged, (x) such Lender shall remain solely
responsible to the other parties for the performance of such obligations, (y)
such Lender shall remain the holder of such Obligations for all purposes of this
Agreement and (z) the Borrower, the Parent, the Agents, the Issuers, the other
Lenders and the other Secured Parties shall continue to deal solely and directly
with such Lender in connection with such Lender's rights and obligations under
this Agreement. Each participant shall be entitled to the benefits of SECTIONS
2.15 (CAPITAL ADEQUACY) and 2.16 (TAXES) and of SECTION 2.14(d) (ILLEGALITY) as
if it were a Lender; PROVIDED, HOWEVER, that anything herein to the contrary
notwithstanding, the Borrower shall not, at any time, be obligated to make under
SECTION 2.15 (CAPITAL ADEQUACY), 2.16 (TAXES) or 2.14(d) (ILLEGALITY) to the
participants in the rights and obligations of any Lender (together with such
Lender) any payment

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in excess of the amount the Borrower would have been obligated to pay to such
Lender in respect of such interest had such participation not been sold and
PROVIDED, FURTHER, that such participant in the rights and obligations of such
Lender shall have no direct right to enforce any of the terms of this Agreement
against the Borrower, the Parent, the Agents, the Issuers, the other Lenders or
the other Secured Parties.

          (g)  Any Issuer may at any time assign its rights and obligations
hereunder to any other Lender by an instrument in form and substance
satisfactory to the Borrower, the Administrative Agent, such Issuer and such
Lender, subject to the provisions of SECTION 2.7(b) (EVIDENCE OF DEBT) relating
to notations of transfer in the Register. If any Issuer ceases to be a Lender
hereunder by virtue of any assignment made pursuant to this SECTION 11.2, then,
as of the effective date of such cessation, such Issuer's obligations to Issue
Letters of Credit pursuant to SECTION 2.4 (LETTERS OF CREDIT) shall terminate
and such Issuer shall be an Issuer hereunder only with respect to outstanding
Letters of Credit issued prior to such date.

          SECTION 11.3   COSTS AND EXPENSES

          (a)  The Borrower agrees upon demand (but within 10 days after
delivery of notice for any such amounts arising after the Closing Date) to pay,
or reimburse the Administrative Agent, the Tranche C Agent and the Syndication
Agent for, all of such Agent's reasonable audit, legal, appraisal, valuation,
filing, document duplication and reproduction and investigation expenses and for
all other reasonable out-of-pocket costs and expenses of every type and nature
(including the reasonable fees, expenses and disbursements of the Administrative
Agent's counsel, Weil, Gotshal & Manges LLP, local legal counsel, auditors,
accountants, appraisers, printers, insurance and environmental advisors, and
other consultants and agents) incurred by such Agent in connection with any of
the following: (i) in the case of the Collateral Agents, the Collateral Agents'
audit and investigation of the Parent and its Subsidiaries in connection with
the preparation, negotiation or execution of any Loan Document or the Collateral
Agent's periodic audits of the Parent or any of its Subsidiaries, as the case
may be, (ii) the preparation, negotiation, execution or interpretation of this
Agreement (including, without limitation, the satisfaction or attempted
satisfaction of any condition set forth in ARTICLE III (CONDITIONS TO LOANS AND
LETTERS OF CREDIT)), any Loan Document or any proposal letter or commitment
letter issued in connection therewith, or the making of the Loans hereunder,
(iii) the creation, perfection or protection of the Liens under any Loan
Document (including any reasonable fees, disbursements and expenses for local
counsel in various jurisdictions), (iv) the ongoing administration of this
Agreement and the Loans, including consultation with attorneys in connection
therewith and with respect to such Agent's rights and responsibilities hereunder
and under the other Loan Documents, (v) the protection, collection or
enforcement of any Obligation or the enforcement of any Loan Document, (vi) the
commencement, defense or intervention in any court proceeding relating in any
way to the Obligations, any Loan Party, any of the Parent's Subsidiaries, the
Transactions, the Related Documents, this Agreement or any other Loan Document,
(vii) the response to, and preparation for, any subpoena or request for document
production with which such Agent is served or deposition or other proceeding in
which such Agent is called to testify, in each case, relating in any way to the
Obligations, any Loan Party, any of the Parent's Subsidiaries, the Closing Date
Acquisition, the Related Documents, this Agreement or any other Loan Document or
(viii) any amendment, consent, waiver, assignment, restatement, or supplement to
any Loan Document or the preparation, negotiation and execution of the same;
PROVIDED, HOWEVER, that, (x) except in connection with CLAUSES (v) through (vii)
above, the Agents may not be reimbursed hereunder for the expenses of more than
one outside

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                                                                CREDIT AGREEMENT
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counsel between them in addition to counsel to the Tranche C Agent (to the
extent the Administrative Agent and Tranche C Agent are different Persons) and,
in each case, any reasonably appropriate local and special counsels and (y) the
Borrower shall not be required to pay for the fees and expenses of any third
party consultant, appraiser or auditor advising any Agent without the consent of
the Borrower (which consent shall not be unreasonably withheld).

          (b)  The Borrower further agrees to pay or reimburse each of the
Agents, Lenders and Issuers upon demand for all out-of-pocket costs and
expenses, including reasonable attorneys' fees (including allocated costs of
internal counsel and costs of settlement), incurred by each such Agent, Lender
or Issuer in connection with any of the following: (i) in enforcing any Loan
Document or Obligation or any security therefor or exercising or enforcing any
other right or remedy available by reason of an Event of Default, (ii) in
connection with any refinancing or restructuring of the credit arrangements
provided hereunder in the nature of a "WORK-OUT" or in any insolvency or
bankruptcy proceeding, (iii) in commencing, defending or intervening in any
litigation or in filing a petition, complaint, answer, motion or other pleadings
in any legal proceeding relating to the Obligations, any Loan Party, any of the
Parent's Subsidiaries and related to or arising out of the transactions
contemplated hereby (including the Transactions) or by any other Loan Document
or Related Document or (iv) in taking any other action in or with respect to any
suit or proceeding (bankruptcy or otherwise) described in CLAUSE (i), (ii) or
(iii) above.

          SECTION 11.4   INDEMNITIES

          (a)  The Borrower agrees to indemnify and hold harmless each Agent,
each Arranger, each Lender and each Issuer (including each Person obligated on a
Hedging Contract the obligations under which are Hedging Contract Obligations if
such Person was a Lender or Issuer at the time of it entered into such Hedging
Contract) and each of their respective Affiliates, and each of the directors,
officers, employees, agents, trustees, representatives, attorneys, consultants
and advisors of or to any of the foregoing (including those retained in
connection with the satisfaction or attempted satisfaction of any condition set
forth in ARTICLE III (CONDITIONS TO LOANS AND LETTERS OF CREDIT) (each such
Person being an "INDEMNITEE") from and against any and all claims, damages,
liabilities, obligations, losses, penalties, actions, judgments, suits, and
reasonable out-of-pocket costs, disbursements and expenses, joint or several, of
any kind or nature (including reasonable fees, disbursements and expenses of
financial and legal advisors to any such Indemnitee) that may be imposed on,
incurred by or asserted against any such Indemnitee in connection with or
arising out of any investigation, litigation or proceeding, whether or not such
investigation, litigation or proceeding is brought by any such Indemnitee or any
of its directors, security holders or creditors or any such Indemnitee,
director, security holder or creditor is a party thereto, whether direct,
indirect, or consequential and whether based on any federal, state or local law
or other statutory regulation, securities or commercial law or regulation, or
under common law or in equity, or on contract, tort or otherwise, in any manner
relating to or arising out of this Agreement, any other Loan Document, any
Obligation, any Letter of Credit, any Disclosure Document, any Related Document,
the Transactions or any act, event or transaction related or attendant to any
thereof, or the use or intended use of the proceeds of the Loans or Letters of
Credit or in connection with any investigation of any potential matter covered
hereby (collectively, the "INDEMNIFIED MATTERS"); PROVIDED, HOWEVER, that the
Borrower shall not have any liability under this SECTION 11.4 to an Indemnitee
with respect to any Indemnified Matter to the extent such Indemnified Matter has
resulted from the gross negligence, bad faith or willful misconduct of that
Indemnitee or its affiliates, officers, directors, employees, agents or

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

representatives, as determined by a court of competent jurisdiction in a final
non-appealable judgment or order; and PROVIDED, FURTHER, that the Borrower shall
not be required to reimburse any Agent, Lender or Issuer (in each case together
with their affiliates, officers, directors, employees, agents, attorneys and
representatives) for the expenses of more than one counsel for each of them (in
addition to the expenses of appropriate local and special counsels). Without
limiting the foregoing, "INDEMNIFIED MATTERS" include (i) all Environmental
Liabilities and Costs arising from or connected with the past, present or future
operations of the Parent or any of its Subsidiaries involving any property
subject to a Collateral Document, or damage to real or personal property or
natural resources or harm or injury alleged to have resulted from any Release of
Contaminants on, upon or into such property or any contiguous real estate, (ii)
any costs or liabilities incurred in connection with any Remedial Action
concerning the Parent or any of its Subsidiaries, (iii) any costs or liabilities
incurred in connection with any Environmental Lien and (iv) any costs or
liabilities incurred in connection with any other matter under any Environmental
Law, including the Comprehensive Environmental Response, Compensation and
Liability Act of 1980 (49 U.S.C. Section 9601 ET SEQ.) and applicable state
property transfer laws, whether, with respect to any such matter, such
Indemnitee is a mortgagee pursuant to any leasehold mortgage, a mortgagee in
possession, the successor in interest to the Parent or any of its Subsidiaries,
or the owner, lessee or operator of any property of the Parent or any of its
Subsidiaries by virtue of foreclosure, except, with respect to those matters
referred to in CLAUSES (i), (ii), (iii) and (iv) above, to the extent (x)
incurred following foreclosure by any Agent, any Lender or any Issuer, or any
Agent, any Lender or any Issuer having become the successor in interest to the
Parent or any of its Subsidiaries and (y) attributable solely to acts of such
Agent, such Lender or such Issuer or any agent on behalf of such Agent, such
Lender or such Issuer.

          (b)  The Borrower shall indemnify each Agent, Lender and Issuer for,
and hold each Agent, Lender and Issuer harmless from and against, any and all
claims for brokerage commissions, fees and other compensation made against the
Agents, the Lenders and the Issuers for any broker, finder or consultant with
respect to any agreement, arrangement or understanding made by or on behalf of
any Loan Party or any of its Subsidiaries in connection with the transactions
contemplated by this Agreement.

          (c)  Each of the Borrower and the Parent, at the request of any
Indemnitee, shall have the obligation to defend, and to cause each of their
Subsidiaries to defend, against any investigation, litigation or proceeding or
requested Remedial Action, in each case contemplated in CLAUSE (a) above, and
the Borrower, the Parent and each such Subsidiary, in any event, may participate
in the defense thereof with legal counsel of the Borrower's, the Parent's or
such Subsidiary's choice. In the event that such Indemnitee requests the
Borrower, the Parent or any such Subsidiary to defend against such
investigation, litigation or proceeding or requested Remedial Action, the
Borrower, the Parent or such Subsidiary shall promptly do so and such Indemnitee
shall have the right to have legal counsel of its choice participate in such
defense. No action taken by legal counsel chosen by such Indemnitee in defending
against any such investigation, litigation or proceeding or requested Remedial
Action, shall vitiate or in any way impair the Borrower's obligation and duty
hereunder to indemnify and hold harmless such Indemnitee.

          (d)  Each of the Borrower and the Parent agrees, and shall cause each
of their Subsidiaries to agree, that any indemnification or other protection
provided to any Indemnitee pursuant to this Agreement (including pursuant to
this SECTION 11.4) or any other Loan Document

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

shall (i) survive payment in full of the Obligations and (ii) inure to the
benefit of any Person that was at any time an Indemnitee under this Agreement or
any other Loan Document.

          SECTION 11.5   LIMITATION OF LIABILITY

          (a)  Each of the Borrower and the Parent agree that no Indemnitee
shall have any liability (whether in contract, tort or otherwise) to any Loan
Party or any Subsidiary of any Loan Party or any of their respective equity
holders or creditors for or in connection with the transactions contemplated
hereby (including the Transactions) or by any other Loan Document or the Related
Document, except to the extent such liability is determined in a final
non-appealable judgment by a court of competent jurisdiction to have resulted
from such Indemnitee's (or its affiliates, officers, directors, employees,
agents or representatives) gross negligence, bad faith or willful misconduct. In
no event, however, shall any party hereto be liable on any theory of liability
for any special, consequential or punitive damages (including, without
limitation, any loss of profits, business or anticipated savings). Each of the
parties hereto hereby waives, releases and agrees (each for itself and on behalf
of its Subsidiaries) not to sue upon any such claim for any special,
consequential or punitive damages, whether or not accrued and whether or not
known or suspected to exist in its favor.

          (b)  IN NO EVENT SHALL ANY AGENT AFFILIATE HAVE ANY LIABILITY TO ANY
LOAN PARTY, LENDER, ISSUER OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND,
INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES,
LOSSES OR EXPENSES (WHETHER IN TORT OR CONTRACT OR OTHERWISE) ARISING OUT OF ANY
LOAN PARTY'S OR ANY AGENT AFFILIATE'S TRANSMISSION OF APPROVED ELECTRONIC
COMMUNICATIONS THROUGH THE INTERNET OR ANY USE OF THE APPROVED ELECTRONIC
PLATFORM, EXCEPT TO THE EXTENT SUCH LIABILITY OF ANY AGENT AFFILIATE IS FOUND IN
A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE
RESULTED FORM SUCH AGENT AFFILIATE'S GROSS NEGLIGENCE, BAD FAITH OR WILLFUL
MISCONDUCT.

          SECTION 11.6   RIGHT OF SET-OFF

          Upon the occurrence and during the continuance of any Event of Default
each Lender and each Affiliate of a Lender is hereby authorized at any time and
from time to time, to the fullest extent permitted by law, to set off and apply
any and all deposits (general or special, time or demand, provisional or final)
at any time held and other Indebtedness at any time owing by such Lender or its
Affiliates to or for the credit or the account of the Parent or the Borrower
against any and all of the Obligations now or hereafter existing whether or not
such Lender shall have made any demand under this Agreement or any other Loan
Document and even though such Obligations may be unmatured. Each Lender agrees
promptly to notify the Borrower after any such set-off and application made by
such Lender or its Affiliates; PROVIDED, HOWEVER, that the failure to give such
notice shall not affect the validity of such set-off and application. The rights
of each Lender under this SECTION 11.6 are in addition to the other rights and
remedies (including other rights of set-off) that such Lender may have.

          SECTION 11.7   SHARING OF PAYMENTS, ETC.

          (a)  Subject to the Intercreditor Agreement, if any Lender (directly
or through an Affiliate thereof) obtains any payment (whether voluntary,
involuntary, through the exercise of any right of set-off (including pursuant to
SECTION 11.6 (RIGHT OF SET-OFF) or otherwise) of the

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

Loans owing to it, any interest thereon, fees in respect thereof or amounts due
pursuant to SECTION 11.3 (COSTS AND EXPENSES) or 11.4 (INDEMNITIES) (other than
payments pursuant to SECTIONS 2.14 (SPECIAL PROVISIONS GOVERNING EURODOLLAR RATE
LOANS), 2.15 (CAPITAL ADEQUACY) or 2.16 (TAXES) or otherwise receives any
Collateral or any "PROCEEDS" (as defined in the Pledge and Security Agreement)
of Collateral (other than payments pursuant to SECTIONS 2.14 (SPECIAL PROVISIONS
GOVERNING EURODOLLAR RATE LOANS), 2.15 (CAPITAL ADEQUACY) or 2.16 (TAXES) (in
each case, whether voluntary, involuntary, through the exercise of any right of
set-off or otherwise (including pursuant to SECTION 11.6 (RIGHT OF SET-OFF))) in
excess of its Ratable Portion of all payments of such Obligations obtained by
all the Lenders, such Lender (a "PURCHASING LENDER") shall forthwith purchase
from the other Lenders (each, a "SELLING LENDER") such participations in their
Loans or other Obligations as shall be necessary to cause such Purchasing Lender
to share the excess payment ratably with each of them.

          (b)  If all or any portion of any payment received by a Purchasing
Lender is thereafter recovered from such Purchasing Lender, such purchase from
each Selling Lender shall be rescinded and such Selling Lender shall repay to
the Purchasing Lender the purchase price to the extent of such recovery together
with an amount equal to such Selling Lender's ratable share (according to the
proportion of (i) the amount of such Selling Lender's required repayment in
relation to (ii) the total amount so recovered from the Purchasing Lender) of
any interest or other amount paid or payable by the Purchasing Lender in respect
of the total amount so recovered.

          (c)  The Parent and the Borrower agree that any Purchasing Lender so
purchasing a participation from a Selling Lender pursuant to this SECTION 11.7
may, to the fullest extent permitted by law, exercise all its rights of payment
(including the right of set-off) with respect to such participation as fully as
if such Lender were the direct creditor of the Borrower in the amount of such
participation.

          SECTION 11.8   NOTICES, ETC.

          (a)  ADDRESSES FOR NOTICES. All notices, demands, requests, consents
and other communications provided for in this Agreement shall be given in
writing, or by any telecommunication device capable of creating a written record
(including electronic mail), and addressed to the party to be notified as
follows:

               (i)       if to the Borrower or the Parent:

                         c/o PRESTIGE BRANDS, INC.
                         90 North Broadway
                         Irvington, New York 10533
                         Attention: Peter J. Anderson
                         Telecopy no: (914) 524-6821
                         E-Mail Address: petera@medtechinc.com

                         with copies (which shall not constitute notice) to:

                         GTCR GOLDER RAUNER, LLC
                         6100 Sears Tower
                         Chicago, Illinois 60606-6402
                         Attention: Dave Donnini and Vince Hemmer
                         Telecopy no: (312) 382-2201

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<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

                         E-Mail Address: ddonnini@gtcr.com and
                         vhemmer@gtcr.com

                         and

                         KIRKLAND & ELLIS LLP
                         200 East Randolph Drive
                         Chicago, Illinois  60601
                         Attention: Kevin Evanich and Christopher Butler
                         Telecopy no: (312) 660-0114
                         E-Mail Address: kevanich@kirkland.com and
                         cbutler@kirkland.com

               (ii)      if to any Lender, at its Domestic Lending Office
     specified opposite its name on SCHEDULE II (APPLICABLE LENDING OFFICES AND
     ADDRESSES FOR NOTICES) or on the signature page of any applicable
     Assignment and Acceptance;

               (iii)     if to any Issuer, at the address set forth under its
     name on SCHEDULE II (APPLICABLE LENDING OFFICES AND ADDRESSES FOR NOTICES);
     and

               (iv)      if to the Administrative Agent, the Tranche C Agent or
     the Swing Loan Lender:

                         CITICORP NORTH AMERICA, INC.
                         390 Greenwich Street
                         New York, New York 10013
                         Attention: Tammy Koch
                         Telecopy no: (212) 723-8547
                         E-Mail Address: tammy.koch@citigroup.com

                         with a copy (which shall not constitute notice) to:

                         WEIL, GOTSHAL & MANGES LLP
                         767 Fifth Avenue,
                         New York, New York  10153-0119
                         Attention: Daniel S. Dokos, Esq.
                         Telecopy no:  (212) 310-8007
                         E-Mail Address: daniel.dokos@weil.com

or at such other address as shall be notified in writing (x) in the case of the
Borrower, the Parent, the Administrative Agent, the Tranche C Agent and the
Swing Loan Lender, to the other parties and (y) in the case of all other
parties, to the Borrower and the Administrative Agent.

          (b)  EFFECTIVENESS OF NOTICES. All notices, demands, requests,
consents and other communications described in CLAUSE (a) above shall be
effective (i) if delivered by hand, including any overnight courier service,
upon personal delivery, (ii) if delivered by mail, when deposited in the mails,
(iii) if delivered by posting to an Approved Electronic Platform, an Internet
website or a similar telecommunication device requiring a user prior access to
such Approved Electronic Platform, website or other device, when such notice,
demand, request, consent and other communication shall have been made generally
available on such Approved Electronic Platform, Internet website or similar
device to the class of Person being notified

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

(regardless of whether any such Person must accomplish, and whether or not any
such Person shall have accomplished, any action prior to obtaining access to
such items, including registration, disclosure of contact information,
compliance with a standard user agreement or undertaking a duty of
confidentiality) and (iv) if delivered by electronic mail or any other
telecommunications device, when transmitted to an electronic mail address (or by
another means of electronic delivery) as provided in CLAUSE (a) above; PROVIDED,
HOWEVER, that notices and communications to the Administrative Agent pursuant to
ARTICLE II (THE FACILITIES) or ARTICLE X (THE AGENTS) shall not be effective
until received by the Administrative Agent.

          (c)  USE OF ELECTRONIC PLATFORM. Notwithstanding CLAUSES (a) and (b)
above (unless the Administrative Agent requests that the provisions of CLAUSE
(a) and (b) above be followed) and any other provision in this Agreement or any
other Loan Document providing for the delivery of, any Approved Electronic
Communication by any other means, the Loan Parties shall deliver all Approved
Electronic Communications to the Administrative Agent by properly transmitting
such Approved Electronic Communications electronically (in a format acceptable
to the Administrative Agent) to oploanswebadmin@citigroup.com or such other
electronic mail address (or similar means of electronic delivery) as the
Administrative Agent may notify the Borrower. Nothing in this clause (c) shall
prejudice the right of any Agent, Lender or Issuer to deliver any Approved
Electronic Communication to any Loan Party in any manner authorized in this
Agreement.

          SECTION 11.9   NO WAIVER; REMEDIES

          No failure on the part of any Lender, Issuer or any Agent to exercise,
and no delay in exercising, any right hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise of any such right preclude any
other or further exercise thereof or the exercise of any other right. The
remedies herein provided are cumulative and not exclusive of any remedies
provided by law.

          SECTION 11.10  BINDING EFFECT

          This Agreement shall become effective when it shall have been executed
by the Borrower, the Parent and each Agent and when the Administrative Agent
shall have been notified by each Lender and Issuer that such Lender or Issuer
has executed it and thereafter shall be binding upon and inure to the benefit of
the Borrower, the Parent, each Agent and each Lender and Issuer and, in each
case, their respective successors and assigns; PROVIDED, HOWEVER, that neither
the Borrower nor the Parent shall have the right to assign any of their
respective rights hereunder or any interest herein without the prior written
consent of the Lenders.

          SECTION 11.11  GOVERNING LAW

          This Agreement and the rights and obligations of the parties hereto
shall be governed by, and construed and interpreted in accordance with, the law
of the State of New York.

          SECTION 11.12  SUBMISSION TO JURISDICTION; SERVICE OF PROCESS

          (a)  Any legal action or proceeding with respect to this Agreement or
any other Loan Document may be brought in the courts of the State of New York
located in the City of New York or of the United States of America for the
Southern District of New York, and, by execution and delivery of this Agreement,
each of the Borrower and the Parent hereby accepts for

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

itself and in respect of its property, generally and unconditionally, the
jurisdiction of the aforesaid courts. The parties hereto hereby irrevocably
waive any objection, including any objection to the laying of venue or based on
the grounds of FORUM NON CONVENIENS, that any of them may now or hereafter have
to the bringing of any such action or proceeding in such respective
jurisdictions.

          (b)  Nothing contained in this SECTION 11.12 shall affect the right of
the Administrative Agent or any Lender to serve process in any other manner
permitted by law or commence legal proceedings or otherwise proceed against the
Borrower, the Parent or any other Loan Party in any other jurisdiction.

          (c)  If for the purposes of obtaining judgment in any court it is
necessary to convert a sum due hereunder in Dollars into another currency, the
parties hereto agree, to the fullest extent that they may effectively do so,
that the rate of exchange used shall be that at which in accordance with normal
banking procedures the Administrative Agent could purchase Dollars with such
other currency at the spot rate of exchange quoted by the Administrative Agent
at 11:00 a.m. (New York time) on the Business Day preceding that on which final
judgment is given, for the purchase of Dollars, for delivery two Business Days
thereafter.

          SECTION 11.13  WAIVER OF JURY TRIAL

          EACH OF THE AGENTS, THE LENDERS, THE ISSUERS, THE PARENT AND THE
BORROWER IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR PROCEEDING WITH
RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT.

          SECTION 11.14  MARSHALING; PAYMENTS SET ASIDE

          None of the Agents, Lenders or Issuers shall be under any obligation
to marshal any assets in favor of the Borrower, the Parent or any other party or
against or in payment of any or all of the Obligations. To the extent that the
Borrower makes a payment or payments to any Agent, Lender or Issuer or any such
Person receives payment from the proceeds of the Collateral or exercise their
rights of setoff, and such payment or payments or the proceeds of such
enforcement or setoff or any part thereof are subsequently invalidated, declared
to be fraudulent or preferential, set aside or required to be repaid to a
trustee, receiver or any other party, then to the extent of such recovery, the
obligation or part thereof originally intended to be satisfied, and all Liens,
right and remedies therefor, shall be revived and continued in full force and
effect as if such payment had not been made or such enforcement or setoff had
not occurred.

          SECTION 11.15  SECTION TITLES

          The section titles contained in this Agreement are and shall be
without substantive meaning or content of any kind whatsoever and are not a part
of the agreement between the parties hereto, except when used to reference a
section. Any reference to the number of a clause, sub-clause or subsection
hereof immediately followed by a reference in parenthesis to the title of the
Section containing such clause, sub-clause or subsection is a reference to such
clause, sub-clause or subsection and not to the entire Section; PROVIDED,
HOWEVER, that, in case of direct conflict between the reference to the title and
the reference to the number of such Section, the reference to the title shall
govern absent manifest error. If any reference to the number of a Section (but
not to any clause, sub-clause or subsection thereof) is followed immediately by
a reference in parenthesis to the title of a Section, the title reference shall
govern in case of direct conflict absent manifest error.

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                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

          SECTION 11.16  EXECUTION IN COUNTERPARTS

          This Agreement may be executed in any number of counterparts and by
different parties in separate counterparts, each of which when so executed shall
be deemed to be an original and all of which taken together shall constitute one
and the same agreement. Signature pages may be detached from multiple separate
counterparts and attached to a single counterpart so that all signature pages
are attached to the same document. Delivery of an executed signature page of
this Agreement by facsimile transmission or by posting on the Approved
Electronic Platform shall be as effective as delivery of a manually executed
counterpart hereof. A set of the copies of this Agreement signed by all parties
shall be lodged with the Borrower and the Administrative Agent.

          SECTION 11.17  ENTIRE AGREEMENT

          This Agreement, together with all of the other Loan Documents
(including, to the extent set forth therein, the Commitment Letter, dated
February 9, 2004, from the Administrative Agent and its affiliate Arranger,
accepted by Prestige Acquisition Holdings, LLC, assigned in part by the
Administrative Agent to the Syndication Agent on March 25, 2004 and assigned by
Prestige Acquisition Holdings, LLC to the Borrower on the date hereof) all
certificates and documents delivered hereunder or thereunder, embodies the
entire agreement of the parties and supersedes all prior agreements and
understandings relating to the subject matter hereof. In the event of any
conflict between the terms of this Agreement and any other Loan Document, the
terms of this Agreement shall govern.

          SECTION 11.18  CONFIDENTIALITY

          Each Lender and each Agent agrees to keep information obtained by it
pursuant hereto and the other Loan Documents confidential in accordance with
such Lender's or such Agent's, as the case may be, customary practices and
agrees that it shall only use such information in connection with the
transactions contemplated by this Agreement and not disclose any such
information other than (a) to such Lender's or such Agent's, as the case may be,
employees, representatives and agents that are or are expected to be involved in
the evaluation of such information in connection with the transactions
contemplated by this Agreement and are advised of the confidential nature of
such information and agree to be bound by the provisions hereof, (b) to the
extent such information presently is or hereafter becomes available to such
Lender or such Agent, as the case may be, on a non-confidential basis from a
source other than the Parent, the Borrower or any other Loan Party and do not
reasonably suspect that such information is disclosed in violation of a
confidentiality agreement or is otherwise unauthorized, (c) to the extent
disclosure is required by law, regulation or judicial order or requested or
required by bank regulators or auditors, as long as, to the extent permitted by
Requirements of Law, notice thereof is given to the Borrower by the applicable
Lender or Agent prior to (or, in the case of a judicial order, promptly after)
such disclosure, or (d) to current or good faith prospective assignees,
participants and Special Purpose Vehicles grantees of any option described in
SECTION 11.2(f) (ASSIGNMENTS AND PARTICIPATIONS), contractual counterparties in
any Hedging Contract permitted hereunder and to their respective legal or
financial advisors, in each case and to the extent such assignees, participants,
grantees or counterparties agree to be bound by, and to cause their advisors to
comply with, the provisions of this SECTION 11.18. Notwithstanding any other
provision in this Agreement, the Borrower hereby agrees that each of the
Borrower, the Lenders and Agents (and each of their respective officers,
directors, employees, accountants, attorneys and other advisors) may disclose to
any and all persons, without limitation of any kind, the U.S. tax

                                      144
<Page>

                                                                CREDIT AGREEMENT
                                                           PRESTIGE BRANDS, INC.

treatment and U.S. tax structure of the Facilities and the transactions
contemplated hereby and all materials of any kind (including opinions and other
tax analyses) that are provided to each of them relating to such U.S. tax
treatment and U.S. tax structure.

                            [SIGNATURE PAGES FOLLOW]

                                      145
<Page>

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

                                   PRESTIGE BRANDS, INC.,
                                        AS BORROWER

                                   By:  /S/ PETER J. ANDERSON
                                       ----------------------------------
                                       Name: Peter J. Anderson
                                       Title: Secretary, Treasurer and Vice
                                       President

                                   PRESTIGE BRANDS INTERNATIONAL, LLC,
                                       AS THE PARENT

                                   By: /S/ PETER J. ANDERSON
                                       ----------------------------------
                                       Name:  Peter J. Anderson
                                       Title: Secretary, CFO and Vice President

           [SIGNATURE PAGE TO PRESTIGE BRANDS, INC'S CREDIT AGREEMENT]

<Page>

                                   CITICORP NORTH AMERICA, INC.,
                                     AS ADMINISTRATIVE AGENT, TRANCHE C AGENT,
                                     SWING LOAN LENDER AND LENDER

                                   By: /S/ STEPHEN SELLHAUSEN
                                       --------------------------------------
                                       Name: Stephen Sellhausen
                                       Title: Vice President

           [SIGNATURE PAGE TO PRESTIGE BRANDS, INC'S CREDIT AGREEMENT]

<Page>

                                   CITICORP NORTH AMERICA, INC.,
                                      AS ISSUER

                                   By: /S/ STEPHEN SELLHAUSEN
                                       -----------------------------
                                       Name: Stephen Sellhausen
                                       Title: Vice President

           [SIGNATURE PAGE TO PRESTIGE BRANDS, INC'S CREDIT AGREEMENT]

<Page>

                                   OTHER AGENTS:

                                   BANK OF AMERICA, N.A.,
                                       AS SYNDICATION AGENT AND LENDER

                                   By: /S/ GRANT MOYER
                                       ---------------------------------------
                                       Name: Grant Moyer
                                       Title: Principal

                                   MERRILL LYNCH CAPITAL,
                                       a division of Merrill Lynch Financial
                                       Services Inc.,
                                       AS DOCUMENTATION AGENT AND LENDER

                                   By: /S/ JEFFREY L. JELM
                                       ---------------------------------------
                                       Name: Jeffrey L. Jelm
                                       Title: Director

           [SIGNATURE PAGE TO PRESTIGE BRANDS, INC'S CREDIT AGREEMENT]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}]]