Document:

<PAGE>
                                                                     EXHIBIT 4.1

                               [FACE OF SECURITY]

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS
DEFINED IN THE INDENTURE) OR A NOMINEE THEREOF, THIS SECURITY MAY NOT BE
EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS
SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER
THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE CIRCUMSTANCES DESCRIBED
IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION
OF, TRANSFER OF, OR IN EXCHANGE FOR, OR IN LIEU OF, THIS SECURITY WILL BE A
GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.

                           UNITED PARCEL SERVICE, INC.

                                    UPS NOTES

CUSIP No. ______________                                          $_____________
No. ___

         THE FOLLOWING SUMMARY OF TERMS IS SUBJECT TO THE INFORMATION SET FORTH
ON THE REVERSE HEREOF:

<TABLE>
<S>                                               <C>                               <C>
PRINCIPAL AMOUNT:                                 ORIGINAL ISSUE DATE:

INTEREST RATE:                                    MATURITY DATE:

ORIGINAL ISSUE DISCOUNT NOTE:                                                       ISSUE PRICE (expressed as a
[ ] Yes [ ] No                                                                      percentage of aggregate
                                                                                    principal amount):

INTEREST PAYMENT DATES (check one if
applicable):
[ ] Monthly         [ ] Quarterly

[ ] Semi-annual     [ ] Annual

REDEMPTION DATE(S):                                                          REDEMPTION PRICE(S):

REPAYMENT DATE(S):                                                           REPAYMENT PRICE(S):

SURVIVOR'S OPTION:         [ ] Yes [ ] No
</TABLE>

<PAGE>

         United Parcel Service, Inc., a corporation duly organized and existing
under the laws of Delaware (herein called the "Company", which term includes any
successor Person under the Indenture referred to on the reverse hereof), for
value received, hereby promises to pay to Cede & Co., as nominee for The
Depository Trust Company, or registered assigns, the Principal Amount stated
above on the Maturity Date shown above, and to pay interest thereon at the fixed
rate per year stated above from and including the Original Issue Date shown
above or the most recent date to which interest has been paid or duly provided
for, as follows:

                  (i) the Interest Payment Dates for a Security that provides
                  for monthly interest payments shall be the fifteenth day of
                  each calendar month (or the next Business Day), commencing in
                  the calendar month that next succeeds the month of the
                  Original Issue Date;

                  (ii) in the case of a Security that provides for quarterly
                  interest payments, the Interest Payment Dates shall be the
                  fifteenth day of each third month (or the next Business Day),
                  commencing in the third succeeding calendar month following
                  the month of the Original Issue Date;

                  (iii) in the case of a Security that provides for semi-annual
                  interest payments, the Interest Payment Dates shall be the
                  fifteenth day of each sixth month (or the next Business Day),
                  commencing in the sixth succeeding calendar month following
                  the month of the Original Issue Date; and

                  (iv) in the case of a Security that provides for annual
                  interest payments, the Interest Payment Date shall be the
                  fifteenth day of every twelfth month (or the next Business
                  Day), commencing in the twelfth succeeding calendar month
                  following the month of the Original Issue Date.

         The interest so payable and punctually paid or duly provided for on any
Interest Payment Date will, as provided in the Indenture, be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such
interest, which shall be the date fifteen days prior to such Interest Payment
Date, whether or not such date shall be a Business Day. Any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the
Holder on such Regular Record Date and may either be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be given to Holders of
Securities of this series not less than 10 days prior to such Special Record
Date, or be paid at any time in any other lawful manner not inconsistent with
the requirements of any securities exchange on which the Securities of this
series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture.

         Payment of interest and the amounts payable or deliverable, as the case
may be, upon Maturity with respect to this Security will be made at the office
or agency of the Company maintained for that purpose in the Borough of
Manhattan, The City of New York, in such coin or currency of the United States
of America as at the time of payment is legal tender for payment of

                                       2
<PAGE>

public and private debts, provided, that payment of principal (and premium, if
any) shall be made only on presentment and surrender hereof.

         Interest on this Security shall be calculated based on a 360-day year
consisting of twelve 30-day months.

         REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SECURITY SET
FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES
HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE.

         Unless the certificate of authentication hereon has been executed by
the Trustee referred to on the reverse hereof by manual signature, this Security
shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

                                       3
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated:

                                    UNITED PARCEL SERVICE, INC.

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

[Seal]

Attest:
       ------------------------------

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Securities of the series designated herein referred to in the
Indenture.

                                    CITIBANK, N.A.,
                                      As Trustee

                                    By:
                                       ----------------------------------------
                                                Authorized Signatory

                                       4
<PAGE>

                              [REVERSE OF SECURITY]

                           UNITED PARCEL SERVICE, INC.

                                    UPS NOTES

         This Security is one of a duly authorized issue of securities of the
Company (herein called the "Securities"), issued and to be issued in one or more
series under an Indenture, dated as of January 26, 1999, as supplemented by the
First Supplemental Indenture thereto, dated as of March 27, 2000, and the Second
Supplemental Indenture thereto, dated as of September 21, 2001, and as further
supplemented from time to time (herein called the "Indenture", which term shall
have the meaning assigned to it in such instrument), between the Company and
Citibank, N.A., as Trustee (herein called the "Trustee", which term includes any
successor trustee under the Indenture), and reference is hereby made to the
Indenture for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the Holders of
the Securities, and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on
the face hereof, limited in aggregate principal amount to $600,000,000.

REDEMPTION AND REPURCHASE

         Unless one or more Redemption Dates is specified on the face hereof,
this Security shall not be redeemable at the option of the Company before the
Maturity Date specified on the face hereof. If one or more Redemption Dates (or
ranges of Redemption Dates) is so specified, this Security is subject to
redemption on any such date (or during any such range) at the option of the
Company, upon notice by first-class mail, mailed not less than 30 days nor more
than 60 days prior to the Redemption Date specified in such notice, at the
applicable Redemption Price specified on the face hereof (expressed as a
percentage of the principal amount of this Security), together in the case of
any such redemption with accrued and unpaid interest to the Redemption Date, but
interest installments whose Stated Maturity is prior to the Redemption Date will
be payable to the Holder of this Security, or one or more predecessor
Securities, of record at the close of business on the relevant Regular or
Special Record Dates referred to on the face hereof, all as provided in the
Indenture. The Company may elect to redeem less than the entire principal amount
hereof, provided that the principal amount, if any, of this Security that
remains outstanding after such redemption is U.S. $1,000 or any integral
multiple of U.S. $1,000 in excess thereof (an "Authorized Denomination").

         Unless one or more Repayment Dates is specified on the face hereof,
this Security shall not be repayable at the option of the Holder on any date
prior to the Maturity Date specified on the face hereof, other than in
connection with any applicable Survivor's Option (defined below). If one or more
Repayment Dates (or ranges of Repayment Dates) is so specified, this Security is
subject to repayment on any such date (or during any such range) at the option
of the Holder at the applicable Repayment Price specified on the face hereof
(expressed as a percentage of the principal amount of this Security), together
in the case of any such repayment with accrued and unpaid interest to the
Repayment Date, but interest installments whose Stated Maturity is prior to the
Repayment Date will be payable to the Holder of this Security, or one or more
predecessor
<PAGE>

Securities, of record at the close of business on the relevant Regular or
Special Record Dates referred to on the face hereof, all as provided in the
Indenture. For this Security to be repaid at the option of the Holder, the
Trustee must receive at the principal office of its Corporate Trust Department
in The City of New York, at least 30 days but not more than 45 days prior to the
Repayment Date on which this Security is to be repaid, this Security and a
statement that the option to elect repayment is being exercised thereby.
Exercise of the repayment option by the Holder shall be irrevocable. The
repayment option with respect to this Security may be exercised by the Holder
for less than the entire principal amount hereof, provided that the principal
amount, if any, of this Security that remains outstanding after such repayment
is an Authorized Denomination.

SURVIVOR'S OPTION

         If so specified on the face hereof, the holder of this Security shall
have the option to elect repayment of this Security in the event of the death of
the beneficial owner of this Security (the "Survivor's Option"). The provisions
of this section ("Survivor's Option") shall apply only if the Survivor's Option
is so specified on the face of this Security. If the Survivor's Option is so
specified, the Company shall, at its option, repay or purchase this Security (or
portion thereof) properly tendered for repayment by or on behalf of the person
(the "Representative") that has authority to act on behalf of the deceased owner
of the beneficial interest in this Security under the laws of the appropriate
jurisdiction (including, without limitation, the personal representative,
executor, surviving joint tenant or surviving tenant by the entirety of such
deceased beneficial owner) at a price equal to the sum of 100% of the principal
amount of this Security (or, if this is a zero-coupon Security, the amortized
face amount of this Security on the date of such repayment), and accrued and
unpaid interest, if any, to the date of such repayment, subject to the following
limitations. The Survivor's Option may not be exercised until twelve (12) months
following the Original Issue Date. In addition, the Company may, in its sole
discretion, limit the aggregate principal amount of Securities (or portions
thereof) as to which exercises of the Survivor's Option shall be accepted in any
calendar year (the "Annual Put Limitation") to the greater of one percent (1%)
of the outstanding aggregate principal amount of Securities as of December 31 of
the most recently completed year, or $1,000,000. The Company may limit to
$200,000, or such greater amount as the Company in its sole discretion may
determine for any calendar year, the aggregate principal amount of Securities
(or portions thereof) as to which exercise of the Survivor's Option will be
accepted in such calendar year with respect to any individual deceased owner or
beneficial interests in Securities with the Survivor's Option (the "Individual
Put Limitation"). The Company shall not make principal repayments pursuant to
exercise of the Survivor's Option in amounts that are less than $1,000, and in
the event that the limitations described in the preceding sentence would result
in the partial repayment of this Security, the principal amount of this Security
remaining outstanding after repayment must be at least $1,000 (the minimum
Authorized Denomination). Except as provided in the immediately succeeding
paragraph, exercise of the Survivor's Option shall be irrevocable.

         Each Security with the Survivor's Option (or portion thereof) that is
tendered pursuant to a valid exercise of the Survivor's Option shall be accepted
promptly in the order all such Securities are tendered, except for any Security
(or portion thereof) the acceptance of which would contravene (i) the Annual Put
Limitation, if applied, or (ii) the Individual Put Limitation, if applied, with
respect to the relevant individual deceased owner of beneficial interests
therein.

                                       2
<PAGE>

If, as of the end of any calendar year, the aggregate principal amount of
Securities (or portions thereof) that have been accepted pursuant to exercise of
the Survivor's Option during such year has not exceeded the Annual Put
Limitation, if applied, for such year, any exercise(s) of the Survivor's Option
with respect to Securities (or portions thereof) not accepted during such
calendar year because such acceptance would have contravened the Individual Put
Limitation, if applied, with respect to an individual deceased owner of
beneficial interests therein shall be accepted in the order all such Securities
(or portions thereof) were tendered, to the extent that any such exercise would
not trigger the Annual Put Limitation for such calendar year. This Security (or
any portion hereof) accepted for payment pursuant to exercise of the Survivor's
Option shall be repaid no later than the first January 15 or June 15 that occurs
at least 20 calendar days after the date of such acceptance. If such date is not
a Business Day, payment will be made on the next succeeding Business Day. This
Security (or any portion hereof) tendered for repayment that is not accepted in
any calendar year due to the application of the Annual Put Limitation shall be
deemed to be tendered in the following calendar year in the order in which all
Securities subject to the Survivor's Option (or portions thereof) were
originally tendered, unless any such Security (or portion thereof) is withdrawn
by the Representative for the deceased owner prior to its repayment. Other than
as described in the immediately preceding sentence, Securities delivered upon
exercise of the Survivor's Option may not be withdrawn. In the event that this
Security (or any portion hereof) tendered for repayment pursuant to the valid
exercise of the Survivor's Option is not accepted, the Trustee shall deliver a
notice by first-class mail to the holder hereof at its last known address as
indicated in the Register that states the reason this Security (or portion
hereof) has not been accepted for payment.

         Subject to the foregoing, in order for a Survivor's Option to be
validly exercised with respect to this Security (or portion hereof), the Trustee
must receive from the Representative of the deceased owner (i) a written request
for repayment signed by the Representative, and such signature must be
guaranteed by a member firm of a registered national securities exchange or of
the National Association of Securities Dealers, Inc. or a commercial bank or
trust company having an office or correspondent in the United States, (ii)
tender of this Security (or portion to be repaid hereof) to the Trustee, (iii)
appropriate evidence satisfactory to the Trustee that (A) the Representative has
authority to act on behalf of the deceased beneficial owner, (B) the death of
such beneficial owner has occurred and (C) the deceased was the owner of a
beneficial interest in this Security at the time of death, (iv) if applicable, a
properly executed assignment or endorsement, and (v) if the beneficial interest
in this Security is held by a nominee of the deceased beneficial owner, a
certificate satisfactory to the Trustee from such nominee attesting to the
deceased's ownership of a beneficial interest in this Security. Subject to the
Company's right hereunder to limit the principal amount of Securities as to
which exercises of the Survivor's Option shall be accepted in any one calendar
year due to the Annual Put Limitation or the Individual Put Limitation, all
questions as to the eligibility or validity of any exercise of the Survivor's
Option will be determined by the Trustee, in its sole discretion, which
determination shall be final and binding on all parties.

         The death of a person owning this Security in joint tenancy or tenancy
by the entirety with another or others shall be deemed the death of the holder
of this Security, and the entire principal amount of this Security so held shall
be subject to repayment, together with interest accrued thereon to the repayment
date. The death of a person owning this Security by tenancy in common shall be
deemed the death of a holder of this Security only with respect to the deceased

                                       3
<PAGE>

holder's interest in this Security so held by tenancy in common; except that in
the event this Security is held by a husband and wife as tenants in common, the
death of either shall be deemed the death of the holder of this Security, and
the entire principal amount of this Security shall be subject to repayment. The
death of a person who, during his or her lifetime, was entitled to substantially
all of the beneficial interests of ownership of this Security shall be deemed
the death of the holder thereof for the purpose of this provision, regardless of
the registered holder, if such beneficial interest can be established to the
satisfaction of the Trustee. Such beneficial interest shall be deemed to exist
in typical cases of nominee ownership, ownership under the Uniform Gifts to
Minors Act, community property or other joint ownership arrangements between a
husband and wife and trust arrangements where one person has substantially all
of the beneficial ownership interest in this Security during his or her
lifetime.

         For so long as this Security is a Global Security, the Depositary or
its nominee shall be the holder of this Security and shall be the only entity
that can exercise the Survivor's Option for the beneficial holders of this
Security. To exercise the Survivor's Option with respect to this Security, the
Representative must provide to the broker or other entity through which the
beneficial interest in this Security is held by the deceased owner (i) the
documents described in clauses (i) and (iii) of the second preceding paragraph
and (ii) instructions to such broker or other entity to notify the Depositary of
such Representative's desire to obtain repayment pursuant to exercise of the
Survivor's Option. Such broker or other entity shall provide to the Trustee (i)
the documents received from the Representative referred to in clause (i) of the
preceding sentence and (ii) a certificate satisfactory to the Trustee from such
broker or other entity stating that it represents the deceased beneficial owner.
Such broker or other entity shall be responsible for disbursing any payments it
receives pursuant to exercise of the Survivor's Option to the appropriate
Representative.

         In the event of redemption or repayment of this Security or the
exercise of the Survivor's Option in part only, the principal amount of this
Security shall be reduced.

GENERAL

         The Indenture contains provisions for defeasance at any time of the
entire indebtedness of this Security or certain restrictive covenants and Events
of Default with respect to this Security, in each case upon compliance with
certain conditions set forth in the Indenture.

         If an Event of Default with respect to Securities of this series shall
occur and be continuing, the principal of the Securities of this series may be
declared due and payable in the manner and with the effect provided in the
Indenture.

         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series issued
under the Indenture at any time by the Company and the Trustee with the consent
of the Holders of a majority in aggregate principal amount of the Securities at
the time Outstanding of each series to be affected. The Indenture also contains
provisions permitting the Holders of specified percentages in aggregate
principal amount of the Securities of each series at the time Outstanding, on
behalf of the Holders of all Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and

                                       4
<PAGE>

certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent of waiver is made
upon this Security.

         As provided in and subject to the provisions of the Indenture, the
Holder of this Security shall not have the right to institute any proceeding
with respect to the Indenture or for the appointment of a receiver or trustee or
for any other remedy thereunder, unless such Holder shall have previously given
the Trustee written notice of a continuing Event of Default with respect to the
Securities of this series, the Holders of not less than 25% in principal amount
of the Securities of this series at the time Outstanding shall have made a
written request to the Trustee to institute proceedings in respect of such Event
of Default as Trustee and offered the Trustee reasonable indemnity, and the
Trustee shall not have received from the Holders of a majority in principal
amount of Securities of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such
proceeding for 60 days after receipt of such notice, request and offer of
indemnity. The foregoing shall not apply to any suit instituted by the Holder of
this Security for the enforcement of any payment or delivery of the Maturity
Consideration hereof or any premium or interest hereon on or after the
respective due dates expressed herein.

         No reference herein to the Indenture and no provision of this Security
or of the Indenture shall affect or impair the obligation of the Company, which
is absolute and unconditional, to pay the Maturity Consideration and interest on
this Security at the times, place and rate, and in the manner, herein
prescribed.

         As provided in the Indenture and subject to certain limitations set
forth therein and in this Security, the transfer of this Security is registrable
in the Security Register upon surrender of this Security for registration of
transfer at the office or agency of the Company in any place where the Maturity
Consideration and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by the Holder hereof or his
attorney duly authorized in writing, and thereupon one or more new Securities of
this series and of like tenor, of authorized denominations and for the same
aggregate principal amount, shall be issued to the designated transferee or
transferees.

         The Securities of this series are issuable only in registered form
without coupons in denominations of $1,000 and any integral multiple thereof. As
provided in the Indenture and subject to certain limitations set forth therein,
Securities of this series are exchangeable for a like aggregate principle amount
of Securities of this series and of like tenor in different authorized
denominations, as requested by the Holder surrendering the same.

         No service charge shall be made for any such registration of transfer
or exchange, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith.

                                       5
<PAGE>

         Prior to due presentment of this Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name this Security is registered as the owner hereof for all
purposes, whether or not this Security be overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

         The Indenture contains provisions whereby (i) the Company may be
discharged from its obligations with respect to the Securities (subject to
certain exceptions) or (ii) the Company may be released from its obligation
under specified covenants and agreements in the Indenture, in each case if the
Company irrevocably deposits with the Trustee money or U.S. Government
Obligations sufficient to pay the discharge the entire indebtedness on all
Securities of this series, and satisfies certain other conditions, all as more
fully provided in the Indenture.

         This Security shall be governed by and construed in accordance with the
laws of the State of New York without giving effect to principles of conflicts
of laws of such state.

         All terms used in this Security which are defined in the Indenture
shall have the meanings assigned to them in the Indenture.

                                       6
<PAGE>

                            ASSIGNMENT/TRANSFER FORM

         FOR VALUE RECEIVED the undersigned registered Holder hereby sell(s),
assign(s) and transfer(s) unto

(insert Taxpayer Identification No.)

(Please print or typewrite name and address including postal zip code of
assignee)

the within Security and all rights thereunder, hereby irrevocably constituting
and appointing _______________________ attorney to transfer said Security on the
books of [ ] with full power of substitution in the premises.

Dated:
       ---------------------

NOTICE: The signature of the registered Holder to this assignment must
correspond with the name as written upon the face of the within instrument in
every particular, without alteration or enlargement or any change whatsoever.

                                       7<PAGE>

                                                                     EXHIBIT 4.1

                      SECOND AMENDMENT TO CREDIT AGREEMENT

         THIS SECOND AMENDMENT TO CREDIT AGREEMENT dated as of July 26, 2001
(the "Amendment") by and among ROCK-TENN COMPANY, a Georgia corporation (the
"Borrower"), SUNTRUST BANK, a banking corporation organized under the laws of
the State of Georgia ("SunTrust"), the other banks and financial institutions
listed on the signature pages hereof, (SunTrust, and such other banks, lending
institutions, and assignees referred to collectively herein as the "Lenders"),
SUNTRUST BANK, in its capacity as Agent for the Lenders (the "Agent"), BANK OF
AMERICA, N.A., as Syndication Agent (the "Syndication Agent") and WACHOVIA BANK,
N.A., as Documentation Agent (the "Documentation Agent").

         WHEREAS, the Borrower, the Agent and the Lenders are parties to that
certain Credit Agreement dated as of June 30, 2000, by and among the Borrower,
the Agent and the other Lenders (as amended, the "Credit Agreement"; all
capitalized terms not otherwise defined herein shall have the meanings set forth
in the Credit Agreement), pursuant to which the Lenders have made available
certain financial accommodations to the Borrower;

         WHEREAS, the parties wish to amend the Credit Agreement on the terms
and conditions contained herein.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the parties hereto, the parties
hereto agree as follows:

          Section 1.       Amendments.

         (a)      The Credit Agreement is hereby amended by adding the following
new definition of "Acquired EBITDA" to Section 1.1 in its appropriate
alphabetical place:

                           "Acquired EBITDA" shall mean, with respect to any
                  Person, property, business or asset (any of the foregoing, a
                  "Pro Forma Entity") acquired pursuant to a Permitted
                  Acquisition for any period, the sum of the amounts for such
                  period of (a) the net income (or net loss) of such Pro Forma
                  Entity as defined according to GAAP minus the gain or loss
                  (net of any tax effect) resulting from the sale of any Capital
                  Assets by such Pro Forma Entity other than in the ordinary
                  course of business minus other extraordinary items, as defined
                  by GAAP plus (b) the aggregate amount deducted in determining
                  such net income (loss) in respect of (i) interest expense,
                  (ii) income taxes, and (iii) depreciation and amortization
                  expense, all as determined on a consolidated basis for such
                  Pro Forma Entity in accordance with GAAP.

         (b)      The Credit Agreement is hereby amended by deleting the
definition of "EBITDA" from Section 1.1 and substituting in lieu thereof the
following new definition of "EBITDA":

                           "`EBITDA' shall mean for any fiscal period,
                  Consolidated Net Income (or Consolidated Net Loss, as the case
                  may be) for such period plus (a) the aggregate amount deducted
                  in determining such Consolidated Net Income (Loss) in respect
                  of (i) Interest Expense, (ii) Income Taxes of the Consolidated
                  Companies determined in accordance with GAAP, (iii)
                  depreciation and amortization expense of the Consolidated
                  Companies determined in accordance with GAAP, in each case for
                  the applicable fiscal period, (iv) the amount of any non-cash
                  charges relating to plant shut-downs and asset impairment
                  charges actually taken by the Borrower for the quarter ending
                  March 31, 2000, (v) any non-cash charges actually taken by the
                  Consolidated Companies after March 31, 2000 which are
                  associated with the accelerated write-off of any tangible or
                  intangible assets related to the acquisition of Waldorf
                  Corporation provided such amounts do not exceed $100,000,000
                  in the aggregate through the Maturity Date, (vi) any non-cash
                  charges actually taken which are associated with the
                  accelerated write-off of any tangible or intangible assets
                  provided such amounts do not exceed $50,000,000 in the
                  aggregate through the Maturity Date and (vii) the amount of
                  cash charges actually taken which

<PAGE>

                  resulted from the Home Office and Folding Carton Division
                  reorganizations and the closing of the Borrower's Downingtown,
                  Pennsylvania converting facility, Norcross, Georgia folding
                  facility, Lynchburg, Virginia converting facility, Augusta,
                  Georgia folding facility, Madison, Wisconsin folding facility,
                  and Chicago, Illinois folding facility in an aggregate amount
                  not to exceed $4,832,000 for the fiscal quarter ending June
                  30, 2000, $5,637,000 for the fiscal quarter ending September
                  30, 2000, $1,906,000 for the fiscal quarter ending December
                  31, 2000 and an aggregate of $7,000,000 thereafter; in each
                  case for the Consolidated Companies determined on a
                  consolidated basis in accordance with GAAP, (b) actual rental
                  expense associated with any Synthetic Lease and (c) cash
                  distributions of earnings of Unrestricted Subsidiaries made to
                  a Consolidated Company to the extent previously excluded in
                  the determination of Consolidated Net Income or Consolidated
                  Net Loss by virtue of clause (i) of the respective definitions
                  thereof. For purposes of determining EBITDA hereunder, there
                  shall be included in such determination of EBITDA for any
                  period the Acquired EBITDA of any Person, property, business
                  or asset (other than an Unrestricted Subsidiary) acquired by a
                  Consolidated Company pursuant to a Permitted Acquisition and
                  not subsequently sold, transferred or otherwise disposed of by
                  any Consolidated Company during such period based on the
                  actual Acquired EBITDA of such Person, property, business or
                  asset for such period (including the portion thereof occurring
                  prior to such acquisition)."

         (c)      The Credit Agreement is hereby amended by deleting the
definition of "Indebtedness" from Section 1.1 and substituting in lieu thereof
the following new definition of "Indebtedness":

                           "`Indebtedness' of any Person shall mean, without
                  duplication, such Person's (i) Indebtedness for Borrowed
                  Money, (ii) obligations representing the deferred purchase
                  price of property or services (other than accounts payable
                  arising in the ordinary course of such Person's business),
                  (iii) obligations, whether or not assumed, secured by liens or
                  payable out of the proceeds or production from property or
                  assets now or hereafter owned or acquired by such Person, (iv)
                  Capital Lease Obligations, (v) any Guaranty, letter of credit
                  reimbursement obligations (without duplication of any of the
                  underlying obligations which otherwise constitutes
                  Indebtedness), and other contingent obligations in respect of
                  repayment of other types of Indebtedness, (vi) any off-balance
                  sheet liability retained by such Person in connection with
                  asset securitization programs and Synthetic Leases provided
                  that with respect to any Synthetic Lease, only the principal
                  obligations under such Synthetic Lease for which any
                  Consolidated Company has recourse liability shall constitute
                  Indebtedness, and (vii) any obligation under any foreign
                  exchange agreement. Notwithstanding the foregoing,
                  Indebtedness shall exclude all obligations, contingent or
                  otherwise, provided for in Statement of Financial Accounting
                  Standards No. 133, as in effect from time to time ("FASB
                  133"), other than obligations provided for in FASB 133 which
                  relate to clause (vii) of the definition of Indebtedness."

         (d)      The Credit Agreement is hereby amended by deleting Section
8.1(i) in its entirety and substituting in lieu thereof the following new
Section 8.1(i):

         (i)      Fixed Charges. Suffer or permit the ratio of (a) Consolidated
                  EBITR to (b) Fixed Charges as of the last day of each fiscal
                  quarter ending during the periods set forth below as
                  calculated for a period consisting of the four preceding
                  fiscal quarters, to be less than the ratio set forth opposite
                  such period:

                                      -2-
<PAGE>

<TABLE>
<CAPTION>
             PERIOD                             RATIO
-------------------------------------------------------------------
<S>                                           <C>
Closing Date through September                1.75:1.0
30, 2001
-------------------------------------------------------------------
October 1, 2001 through the                   2.00:1.0
Maturity Date
-------------------------------------------------------------------
</TABLE>

         (e)      The Credit Agreement is hereby amended by deleting Section
8.1(ii) in its entirety and substituting in lieu thereof the following new
Section 8.1(ii):

         (ii)     Total Funded Debt to EBITDA. Permit the ratio of (a) Total
                  Funded Debt to (b) EBITDA as of the last day of each fiscal
                  quarter ending during the periods set forth below as
                  calculated for a period consisting of the four preceding
                  fiscal quarters, to exceed the ratio set forth opposite such
                  period:

<TABLE>
<CAPTION>
             PERIOD                             RATIO
-------------------------------------------------------------------
<S>                                            <C>
Closing Date through September                 3.75:1.0
30, 2001
-------------------------------------------------------------------
October 1, 2001 through the                    3.50:1.0
Maturity Date
-------------------------------------------------------------------
</TABLE>

         (f)      The Credit Agreement is hereby amended by deleting Section
8.12 in its entirety and substituting in lieu thereof the following new Section
8.12:

                  SECTION 8.12. RESTRICTIVE AGREEMENTS.

                           Neither the Borrower nor any Restricted Subsidiary
                  shall, directly or indirectly, enter into, incur or permit to
                  exist any agreement that prohibits, restricts or imposes any
                  condition upon (a) the ability of the Borrower or any
                  Restricted Subsidiary to create, incur or permit any Lien upon
                  any of its assets or properties, whether now owned or
                  hereafter acquired, or (b) the ability of any Restricted
                  Subsidiary to pay dividends or other distributions with
                  respect to its common stock, to make or repay loans or
                  advances to the Borrower or any other Restricted Subsidiary,
                  to Guaranty Indebtedness of the Borrower or any other
                  Restricted Subsidiary or to transfer any of its property or
                  assets to the Borrower or any Restricted Subsidiary; provided,
                  that (i) the foregoing shall not apply to restrictions or
                  conditions imposed by law or by this Agreement or any other
                  Credit Document, (ii) the foregoing shall not apply to
                  customary restrictions and conditions contained in agreements
                  relating to the sale of a Restricted Subsidiary pending such
                  sale, provided such restrictions and conditions apply only to
                  the Restricted Subsidiary that is sold and such sale is
                  permitted hereunder, (iii) clause (a) shall not apply to
                  restrictions or conditions imposed by any agreement relating
                  to Purchase Money Indebtedness permitted by this Agreement if
                  such restrictions and conditions apply only to the property or
                  assets securing such Indebtedness, (iv) clause (a) shall not
                  apply to customary provisions in leases restricting the
                  assignment thereof and (v) clause (a) shall not apply to
                  restrictions or conditions imposed by that certain Indenture
                  dated July 31, 1995 between Rock-Tenn Company and SunTrust
                  Bank, N.A. (as successor trustee to Trust Company Bank),
                  provided that the aggregate amount of notes issued thereunder
                  does not exceed $500,000,000.

                                      -3-
<PAGE>

         Section 2.        Reduction of Revolving Credit Commitment.

         Notwithstanding any other provision contained in this Amendment, the
amendments set forth in Sections 1(d) and (e) shall not become effective unless
and until the Revolving Credit Commitment of all Lenders shall be reduced to an
amount less than or equal to $300,000,000 and each Lender's Revolving Credit
Commitment as of the date thereof shall be reduced as set forth in Section 2.3
of the Credit Agreement.

         Section 3.        Benefits of Loan Documents.

          Each reference to the Credit Agreement in any of the Loan Documents
shall be deemed to be a reference to the Credit Agreement as amended by this
Amendment, and as the Credit Agreement may from time to time be further amended,
supplemented, restated or otherwise modified in the future by one or more other
written amendments or supplemental or modification agreements entered into
pursuant to the applicable provisions thereof.

         Section 4.        Conditions to Effectiveness of Amendment.  The
effectiveness of this Amendment is subject to the condition precedent that each
of the following be received by the Agent (unless otherwise waived in writing by
the Agent), each of which shall be satisfactory in form and substance to the
Agent:

         (a)      this Amendment executed by the Borrower and by the Required
Lenders;

         (b)      the Acknowledgment and Consent of the Guarantors,
substantially in the form of Exhibit A hereto, executed by each of the
Guarantors (as defined below) (the "Acknowledgment");

         (c)      payment by the Borrower to the Agent, of any expenses incurred
by the Agent which are due and payable;

         (d)      no Default or Event of Default shall then be in existence; and

         (e)      such other approvals, opinions or documents as the Agent may
reasonably request.

         Section 5.        Representations.  The Borrower represents to the
Lenders that:

         (a)      The Borrower has the right and power, and has taken all
necessary action to authorize it, to execute and deliver this Amendment, and to
perform this Amendment, and the Credit Agreement, as amended by this Amendment,
in accordance with their respective terms. This Amendment has been duly executed
and delivered by the duly authorized officers of the Borrower, and each of this
Amendment, and the Credit Agreement, as amended by this Amendment, is a legal,
valid and binding obligation of the Borrower enforceable against the Borrower in
accordance with its terms, except as may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium, or similar laws affecting the
enforcement of creditors' rights generally and by general principles of equity.

         (b)      The execution and delivery of this Amendment, and the
performance by the Borrower of this Amendment, and the Credit Agreement, as
amended by this Amendment, in accordance with their respective terms, do not and
will not, by the passage of time or the giving of notice, or otherwise: (i)
violate any Requirement of Law relating to the Borrower; (ii) conflict with,
result in a breach of or constitute a default under the charter or by-laws of
the Borrower, or any of its Material Contractual Obligations; or (iii) result in
or require the creation or imposition of any Lien upon or with respect to any
property now owned or hereafter acquired by the Borrower other than those
permitted by the Credit Agreement.

         (c)      The articles of incorporation and bylaws of the Borrower have
not changed since delivery of such articles of incorporation and bylaws to the
Lenders in connection with the consummation of the Credit Agreement.

         Section 6.        Reaffirmation.  The Borrower hereby repeats and
reaffirms all representations and warranties made by the Borrower in the Credit
Agreement and the other Loan Documents to which it is a party as of the date
hereof with the same force and effect as if such representations and warranties
were set forth in this Amendment in

                                      -4-
<PAGE>

full except to the extent such representations expressly relate to an earlier
date or have been updated to the extent permitted by the Credit Agreement.

         Section 7.        Reaffirmation and Representations by Guarantors.  By
execution of the Acknowledgment, each Subsidiary that has executed a Subsidiary
Guarantee (a "Guarantor"):

         (a)      reaffirms its continuing obligations to the Agent and the
Lenders under the Subsidiary Guarantee to which it is a party, and agrees that
the transactions contemplated by this Amendment shall not in any way affect the
validity and enforceability of such Subsidiary Guarantee, or reduce, impair or
discharge the obligations of such Guarantor thereunder; and

         (b)      represents to the Lenders that:

         (i)      Such Guarantor has the right and power, and has taken all
necessary action to authorize it, to execute and deliver this Acknowledgement,
and to perform this Acknowledgement in accordance with its terms. This
Acknowledgement has been duly executed and delivered by the duly authorized
officers of such Guarantor, and the Acknowledgement is a legal, valid and
binding obligation of such Guarantor enforceable against such Guarantor in
accordance with its terms, except as may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium, or similar laws affecting the
enforcement of creditors' rights generally and by general principles of equity;
and

         (ii)     the execution and delivery of this Acknowledgement, and the
performance by such Guarantor of this Acknowledgement, do not and will not, by
the passage of time or the giving of notice, or otherwise: (i) violate any
Requirement of Law relating to such Guarantor; (ii) conflict with, result in a
breach of or constitute a default under the charter or by-laws of such
Guarantor, or any of its Material Contractual Obligations; or (iii) result in or
require the creation or imposition of any Lien upon or with respect to any
property now owned or hereafter acquired by such Guarantor other than those
permitted by the Credit Agreement.

         Section 8.        Benefits.  This Amendment shall be binding upon and
shall inure to the benefit of the parties hereto and their respective successors
and assigns.

         Section 9.        GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF GEORGIA.

         Section 10.       Effect.  Except as expressly herein amended, the
terms and conditions of the Credit Agreement shall remain in full force and
effect.

         Section 11.       Counterparts.  This Amendment may be executed in any
number of counterparts, each of which shall be deemed to be an original and
shall be binding upon all parties.

                         [Signatures on following page]

                                      -5-
<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Second Amendment to
Credit Agreement to be executed by their authorized officers all as of the day
and year first above written.

                                       ROCK-TENN COMPANY

(CORPORATE SEAL)                       By:
                                          -------------------------------------
                                          Title:
                                                -------------------------------

Attest:
By:
   ---------------------------------
   Title:

                       [Signatures Continued on Next Page]

                                      -6-
<PAGE>

            [SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

                                       SUNTRUST BANK, AS AGENT, SWING LINE
                                       LENDER AND A LENDER

                                       By:
                                          -------------------------------------
                                            Title:
                                                  -----------------------------

                                       WACHOVIA BANK, N.A., AS A LENDER AND
                                       DOCUMENTATION AGENT

                                       By:
                                          -------------------------------------
                                            Title:
                                                  -----------------------------

                                       BANK OF AMERICA, N.A., AS A LENDER AND
                                       SYNDICATION AGENT

                                       By:
                                          -------------------------------------
                                            Title:
                                                  -----------------------------

                                       THE CHASE MANHATTAN BANK,
                                       AS A LENDER

                                       By:
                                          -------------------------------------
                                            Title:
                                                  -----------------------------

                                       THE BANK OF TOKYO-MITSUBISHI, LTD., AS A
                                       LENDER

                                       By:
                                          -------------------------------------
                                            Title:
                                                  -----------------------------

                                       THE BANK OF NEW YORK,
                                       AS A LENDER

                                       By:
                                          -------------------------------------
                                            Title:
                                                  -----------------------------

                       [Signatures Continued on Next Page]

                                      -7-
<PAGE>

            [SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

                                       FIRST UNION NATIONAL BANK,
                                       AS A LENDER

                                       By:
                                          -------------------------------------
                                            Title:
                                                  -----------------------------

                                       THE FUJI BANK, LIMITED,
                                       AS A LENDER

                                       By:
                                          -------------------------------------
                                            Title:
                                                  -----------------------------

                                       BNP PARIBAS, AS A LENDER

                                       By:
                                          -------------------------------------
                                            Title:
                                                  -----------------------------

                                       By:
                                          -------------------------------------
                                            Title:
                                                  -----------------------------

                                      -8-
<PAGE>

                                    EXHIBIT A

               ACKNOWLEDGMENT AND CONSENT OF SUBSIDIARY GUARANTORS

         Each of the undersigned Subsidiaries hereby (i) acknowledges receipt of
the foregoing Second Amendment to Credit Agreement by and among Rock-Tenn
Company, the Lenders under the Credit Agreement (the "Lenders") and SunTrust
Bank, in its capacity as Agent for the Lenders (the "Agent") (the "Amendment"),
(ii) consents to the Amendment, (iii) agrees and acknowledges to the terms
thereof including, without limitation, the representations and agreements of the
each of the undersigned set forth in Section 7 of the Amendment, and (iv)
restates and affirms its respective obligations under its Subsidiary Guarantee
previously executed and delivered in favor of the Agent (for the ratable benefit
of the Lenders) without defense, counterclaim or set-off.

         IN WITNESS WHEREOF, each of the undersigned Subsidiaries has executed
this Acknowledgment and Consent of Subsidiary Guarantors this 26th day of July,
2001.

                                       ROCK-TENN COMPANY, MILL DIVISION, a
                                       Tennessee corporation
                                       ROCK-TENN COMPANY OF TEXAS, a
                                       Georgia corporation
                                       ROCK-TENN COMPANY OF ARKANSAS, a
                                       Georgia corporation
                                       ROCK-TENN COMPANY OF CALIFORNIA, INC.,
                                       a Delaware corporation
                                       ROCK-TENN COMPANY OF ILLINOIS, INC.,
                                       an Illinois corporation
                                       ROCK-TENN CONVERTING COMPANY,
                                       a Georgia corporation
                                       CONCORD INDUSTRIES, INC.,
                                       an Illinois corporation
                                       WABASH CORPORATION, a Delaware
                                       corporation
                                       WALDORF CORPORATION, a Delaware
                                       corporation
                                       BEST RECYCLING, INC.,
                                       an Iowa corporation
                                       WALDORF REALTY, INC., a Delaware
                                       corporation
                                       ROCK-TENN PARTITION COMPANY,
                                       a Georgia corporation
                                       WALDORF CORPORATION OF MINNESOTA, a
                                       Delaware corporation

                                       By:
                                          -------------------------------------
                                          Name:
                                               --------------------------------
                                          Title:
                                                -------------------------------

                                      -9-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}]]