Document:

<PAGE>

                                                                   EXHIBIT 10.27

                              ROSE HILLS COMPANY

                              SECOND AMENDMENT TO
                                CREDIT AGREEMENT

     Reference is made to that certain Credit Agreement, dated as of November
19, 1996 (as amended through the date hereof, the "Credit Agreement"), by and
among ROSE HILLS HOLDINGS CORP., a Delaware corporation (formerly known as Tudor
Holdings Company) ("Holdings"), ROSE HILLS COMPANY, a Delaware corporation
(formerly known as Tudor Acquisition Corp.) ("Borrower"), GOLDMAN SACHS CREDIT
PARTNERS L.P. (as successor to Goldman, Sachs & Co.), as syndication agent and
arranging agent (in such capacities, "Syndication Agent" and "Arranging Agent",
respectively), THE FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY HERETO (each
individually referred to herein as a "Lender" and collectively as "Lenders") and
THE BANK OF NOVA SCOTIA ("Scotiabank") as administrative agent for Lenders (in
such capacity, "Administrative Agent"), which Credit Agreement is hereby amended
by this SECOND AMENDMENT, dated as of  April 27, 2001 (this "Second Amendment").
Capitalized terms used herein not otherwise defined herein or otherwise amended
hereby shall have the meanings ascribed thereto in the Credit Agreement.

                                   RECITALS:

     WHEREAS, Holdings, Borrower and the Lenders have agreed to amend the Credit
Agreement, subject to the terms and conditions set forth herein to (i)  allow
the Borrower to enter into certain subleases and (ii) allow Scotiabank to extend
its Revolving Loan Commitment to April 1, 2003.

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

SECTION 1.  AMENDMENTS TO CREDIT AGREEMENT

          1.1  Amendments to Section 1: Certain Defined Terms.
               -----------------------------------------------

          A.  Section 1.1 of the Credit Agreement is hereby amended by adding
     thereto the following definitions in proper alphabetical order:

               "San Fernando Purchase Option" means an option granted to Grupo
          Deco America to purchase the San Fernando Property in an amount of no
          less than $650,000 upon the expiration of the initial five-year term
          of the San Fernando Lease on terms and conditions reasonably
          satisfactory to the Agents.
<PAGE>

               "Second Amendment" means the Second Amendment dated  April 27,
          2001 to this Agreement by and among Holdings, Borrower, Lenders as of
          the date of such amendment and the Agents.

               "Second Amendment Closing Date" has the meaning assigned to that
          term in the Second Amendment.

          B.  Section 1.1 of the Credit Agreement is hereby amended by deleting
     the definitions of "Clean-Down Period" and "Revolving Loan Commitment
     Termination Date" in their entirety and replacing them with the following:

          "Clean-Down Period" means a period of thirty consecutive days during
     which no more than $0 in aggregate principal amount of the sum of the
     Revolving Loans and Swing Line Loans is outstanding at any time during such
     period.  A Clean-Down Period shall be deemed to have occurred on the last
     day of any such period.

          "Revolving Loan Commitment Termination Date" means November 1, 2001;

     provided, however, that with respect to the Revolving Loan Commitment
     --------  --------
     provided by Scotiabank, the "Revolving Loan Commitment Termination Date"
     shall mean April 1, 2003; provided, further, however, that on the Second
                               --------  -------  -------
     Amendment Closing Date, Scotiabank's Revolving Loan Commitment shall be
     $10,000,000.

          1.2  Amendments to Section 2.4B(iii):  Mandatory Prepayments.
               --------------------------------------------------------

          Subsection 2.4B(iii)(h) of the Credit Agreement is hereby amended by
     deleting such subsection in its entirety and replacing it with the
     following:

          "(h)  Prepayments of Revolving Loans and Swing Line Loans during a
                ------------------------------------------------------------
     Clean-Down Period.  It being understood that the Borrower has met any
     -----------------
     Clean-Down Period requirement for the year 2001, if on December 1 of each
     year commencing on December 1, 2002, a Clean-Down Period shall not have
     occurred since January 30 of such year, Borrower shall prepay all
     outstanding Revolving Loans and/or Swing Line Loans in an amount necessary
     to reduce the sum of the aggregate outstanding principal amount of
     Revolving Loans and Swing Line Loans to $0, which amount may not be
     exceeded until the Clean-Down Period for such year has ended.  Borrower
     shall notify the Administrative Agent of the occurrence of a Clean-Down
     Period."

          1.3  Amendments to Section 3:  Letters of Credit.
               --------------------------------------------

     Section 3.1 of the Credit Agreement is hereby amended by deleting
Subsection 3.1A(ii) in its entirety and replacing it with the foregoing:

                                       2
<PAGE>

          "(ii)  any Letter of Credit if, after giving effect to such issuance,
     the Letter of Credit Usage would exceed $1,000,000; or"

     1.4  Amendments to Section 7: Negative Covenants.
          -------------------------------------------

     Section 7.7 of the Credit Agreement is hereby amended by deleting the word
"and" at the conclusion of Subsection 7.7(viii), by deleting the "." at the
conclusion of Subsection 7.7(ix) and replacing it with ";" and by adding the
following new paragraphs (x) and (xi) at the conclusion thereof

          "(x) Borrower may grant the San Fernando Purchase Option and may sell
     the San Fernando Property in connection therewith; provided that the
                                                        --------
     Borrower shall apply the Net Asset Sale Proceeds of any such sale to prepay
     the Loans notwithstanding any contrary provisions set forth in Subsection
     2.4B(iii)(a), in the manner set forth in Subsections 2.4B(iv)(b) and
     2.4B(iv)(c); and

          (xi)  Borrower may sell and sublease the properties described on

     Schedule 7.7(xi); provided, that in the event of a sale, the consideration,
     ----------------  --------
     terms and conditions of such sale shall be reasonably satisfactory to the
     Agents; provided, further, that Borrower shall apply the Net Asset Sale
             --------  -------
     Proceeds of any sale (together with all periodic payments received on any
     notes received in lieu of cash proceeds) to prepay the Loans
     notwithstanding any contrary provisions set forth in Subsection
     2.4B(iii)(a), in the manner set forth in Subsections 2.4B(iv)(b) and
     2.4B(iv)(c)."

SECTION 2.  CONDITIONS PRECEDENT TO EFFECTIVENESS

     2.1  The effectiveness of the amendments set forth at Section 1 hereof are
subject to the satisfaction, or waiver, of the following conditions on or before
the date hereof (the "Second Amendment Closing Date"):

     (a) The Borrower, Holdings, Scotiabank and Requisite Lenders shall have
indicated their consent by the execution and delivery of the signature pages
hereof to the Administrative Agent.

     (b) The Agents shall have received an opinion of counsel to the Borrower in
form and substance reasonably satisfactory to the Agents.

     (c) As of the Second Amendment Closing Date, the representations and
warranties contained herein and in the other Loan Documents shall be true,
correct and complete in all respects on and as of the Second Amendment Closing
Date to the same extent as though made on and as of that date, except to the
extent such representations and warranties specifically relate to an earlier
date, in which case such representations and warranties shall have been true,
correct

                                       3
<PAGE>

and complete in all respects on and as of such earlier date.

     (d) As of the Second  Amendment Closing Date, no event shall have occurred
and be continuing that would constitute an Event of Default or a Default.

     (e) Scotiabank shall have received a new Revolving Note to reflect the
extension of the Revolving Loan Commitment Termination Date.

     (f) The Agents shall have received all fees and other amounts due and
payable on or prior to the Second Amendment Closing Date, including, to the
extent invoiced, reimbursement or other payment of all legal and other out-of-
pocket expenses required to be reimbursed or paid by the Borrower hereunder or
under any other Loan Document.

     (g) The Agents and Lenders shall have received such other documents and
information regarding Credit Parties and the Credit Agreement as Agents or
Lenders may reasonably request.

SECTION 3.  REPRESENTATIONS AND WARRANTIES

     3.1  In order to induce Lenders to enter into this Amendment, each
applicable Loan Party represents and warrants to each Lender, as of the date
hereof and upon giving effect to this Amendment, that the representations and
warranties contained in each of  the Loan Documents is  true, correct and
complete in all respects on and as of the date hereof to the same extent as
though made on and as of that date, except to the extent such representations
and warranties specifically relate to an earlier date, in which case such
representations and warranties shall have been true, correct and complete in all
respects on and as of such earlier date.

SECTION 4.  ACKNOWLEDGMENT AND CONSENT

     4.1  Each of Rose Hills Holdings Corp., RH Mortuary Corporation, Rose
Hills, Inc., RH Satellite Properties, Corp., A.L. Cemetery, Harbor Lawn Memorial
Park, Inc., Colton Funeral Chapel, Inc., Custer Christiansen Covina Mortuary,
Inc., Dimond Service Corporation, Glasband-Willen Mortuaries, Grove Colonial
Mortuary, Inc., Neel Funeral Directors, Inc., Richardson-Peterson Mortuary,
Inc., San Fernando Mortuary, Inc., White Funeral Home, Inc., Rose Hills
Mortuary, Inc. and Rose Hills Mortuary, L.P., has (i) guarantied the Obligations
and (ii) created Liens in favor of Lenders on certain Collateral to secure its
obligations under the Holdings Guaranty and Subsidiary Guaranty.  Each of Rose
Hills Holdings Corp., RH Mortuary Corporation, Rose Hills, Inc., RH Satellite
Properties, Corp., A.L. Cemetery, Harbor Lawn Memorial Park, Inc., Colton
Funeral Chapel, Inc., Custer Christiansen Covina Mortuary, Inc., Dimond Service
Corporation, Glasband-Willen Mortuaries, Grove Colonial Mortuary, Inc., Neel
Funeral Directors, Inc., Richardson-Peterson Mortuary, Inc., San Fernando
Mortuary, Inc., White

                                       4
<PAGE>

Funeral Home, Inc., Rose Hills Mortuary, Inc. and Rose Hills Mortuary, L.P., are
collectively referred to herein as the "Credit Support Parties", and the
Holdings Guaranty, the Holdings Pledge Agreement, the Subsidiary Guaranty and
the Subsidiary Pledge Agreement are collectively referred to herein as the
"Credit Support Documents".

     4.2  Each Credit Support Party hereby acknowledges that it has reviewed the
terms and provisions of the Credit Agreement and this Amendment and consents to
the amendment of the Credit Agreement effected pursuant to this Amendment.  Each
Credit Support Party hereby confirms that each Credit Support Document to which
it is a party or otherwise bound and all Collateral encumbered thereby will
continue to guarantee or secure, as the case may be, to the fullest extent
possible the payment and performance of all Guarantied Obligations under the
Holdings Guaranty and Subsidiary Guaranty and Secured Obligations under the
Holdings Pledge Agreement and Subsidiary Pledge Agreement, as the case may be
(in each case as such terms are defined in the applicable Credit Support
Document), including without limitation the payment and performance of all such
Guarantied Obligations under each of the Holdings Guaranty and Subsidiary
Guaranty and of all such Secured Obligations under the Holdings Pledge Agreement
and Subsidiary Pledge Agreement, as the case may be, in respect of the
Obligations of Borrower now or hereafter existing under or in respect of the
Credit Agreement, as amended hereby.

     4.3  Each Credit Support Party acknowledges and agrees that any of the
Credit Support Documents to which it is a party or otherwise bound shall
continue in full force and effect and that all of its obligations thereunder
shall be valid and enforceable and shall not be impaired or limited by the
execution or effectiveness of this Amendment.  Each Credit Support Party
represents and warrants that all representations and warranties contained in the
Credit Agreement, as amended hereby and the Credit Support Documents to which it
is a party or otherwise bound are true, correct and complete in all material
respects on and as of the Second Amendment Closing Date to the same extent as
though made on and as of that date, except to the extent such representations
and warranties specifically relate to an earlier date, in which case they were
true, correct and complete in all material respects on and as of such earlier
date.

     4.4  Each Credit Support Party acknowledges and agrees that (i)
notwithstanding the conditions to effectiveness set forth in this Amendment,
such Credit Support Party is not required by the terms of the Credit Agreement
or any other Loan Document to consent to the amendments to the Credit Agreement
effected pursuant to this Amendment and (ii) nothing in the Credit Agreement,
this Amendment or any other Loan Document shall be deemed to require the consent
of such Credit Support Party to any future amendments to the Credit Agreement.

SECTION 5  MISCELLANEOUS

     5.1  This Second Amendment  shall be binding upon the parties hereto and
their respective successors and assigns and shall inure to the benefit of the
parties hereto and the successors and assigns of Lenders.  No Loan Party's
rights or obligations hereunder or any

                                       5
<PAGE>

interest therein may be assigned or delegated by any Loan Party without the
prior written consent of all Lenders.

     5.2  In case any provision in or obligation hereunder shall be invalid,
illegal or unenforceable in any jurisdiction, the validity, legality and
enforceability of the remaining provisions or obligations, or of such provision
or obligation in any other jurisdiction, shall not in any way be affected or
impaired thereby.

     5.3  On and after the Second Amendment Closing Date, each reference in the
Credit Agreement to "this Agreement", "hereunder", "hereof", "herein" or words
of like import referring to the Credit Agreement, and each reference in the
other Loan Documents to the "Credit Agreement", "thereunder", "thereof" or words
of like import referring to the Credit Agreement shall mean and be a reference
to the Credit Agreement as amended by this Amendment.

     5.4  Except as specifically amended by this Second Amendment, the Credit
Agreement and the other Loan Documents shall remain in full force and effect and
are hereby ratified and confirmed.

     5.5  The execution, delivery and performance of this Second Amendment shall
not, except as expressly provided herein, constitute a waiver of any provision
of, or operate as a waiver of any right, power or remedy of any Agent or Lender
under, the Credit Agreement or any of the other Loan Documents.

     5.6  Section headings herein are included herein for convenience of
reference only and shall not constitute a part hereof for any other purpose or
be given any substantive effect.

     5.7  THIS SECOND AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     5.8  This Second Amendment may be executed in any number of counterparts,
each of which when so executed and delivered shall be deemed an original, but
all such counterparts together shall constitute but one and the same instrument.
As set forth herein, this Second Amendment  shall become effective upon the
execution of a counterpart hereof by each of the parties hereto and receipt by
Borrower, Holdings and Agents of written or telephonic notification of such
execution and authorization of delivery thereof.

                 [Remainder of page intentionally left blank.]

                                       6
<PAGE>

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

BORROWER:                           ROSE HILLS COMPANY

                                    By:____________________________
                                       Name:
                                       Title:

CREDIT SUPPORT
PARTIES:                            ROSE HILLS HOLDINGS CORP.

                                    By:____________________________
                                       Name:
                                       Title:

                                    RH MORTUARY CORPORATION

                                    By:____________________________
                                       Name:
                                       Title:

                                    ROSE HILLS, INC.

                                    By:____________________________
                                       Name:
                                       Title:

                                    RH SATELLITE PROPERTIES, CORP.

                                    By:____________________________
                                       Name:
                                       Title:

                                      S-2
<PAGE>

                                  A.L. CEMETERY

                                    By:____________________________
                                       Name:
                                       Title:

                                  HARBOR LAWN MEMORIAL PARK, INC.

                                  By:____________________________
                                     Name:
                                     Title:

                                  COLTON FUNERAL CHAPEL, INC.

                                  By:____________________________
                                     Name:
                                     Title:

                                  CUSTER CHRISTIANSEN COVINA

                                  By:____________________________
                                     Name:
                                     Title:

                                  DIMOND SERVICE CORPORATION

                                  By:____________________________
                                     Name:
                                     Title:

                                  GLASBAND-WILLEN MORTUARIES

                                  By:____________________________
                                    Name:
                                    Title:

                                      S-3
<PAGE>

                                  GROVE COLONIAL MORTUARY, INC.

                                  By:____________________________
                                    Name:
                                    Title:

                                  NEEL FUNERAL DIRECTORS, INC.

                                  By:____________________________
                                    Name:
                                    Title:

                                  RICHARDSON-PETERSON MORTUARY, INC.

                                  By:____________________________
                                     Name:
                                     Title:

                                  SAN FERNANDO MORTUARY, INC.

                                  By:____________________________
                                     Name:
                                     Title:

                                  WHITE FUNERAL HOME, INC.

                                  By:____________________________
                                     Name:
                                     Title:

                                  ROSE HILLS MORTUARY, INC.

                                  By:____________________________
                                     Name:
                                     Title:

                                  ROSE HILLS MORTUARY, L.P.

                                  By:____________________________
                                     Name:
                                     Title:

                                      S-4
<PAGE>

SYNDICATION AGENT,                GOLDMAN SACHS CREDIT PARTNERS L.P.
ARRANGING AGENT AND
A LENDER:
                                  By:__________________________
                                     Authorized Signatory

                                      S-5
<PAGE>

ADMINISTRATIVE AGENT AND            THE BANK OF NOVA SCOTIA
A LENDER:

                                    By:____________________________
                                       Name:
                                       Title:

                                      S-6
<PAGE>

LENDER:                             FIRST UNION NATIONAL BANK

                                    By:____________________________
                                       Name:
                                       Title:

                                      S-7
<PAGE>

                              INDOSUEZ CAPITAL FUNDING III, LIMITED
                              By:  Indosuez Capital as Portfolio Advisor

                              By:____________________________
                                 Name:
                                 Title:

                                      S-8
<PAGE>

                                    CERES FINANCE LTD.
                                    By: INVESCO Senior Management, Inc.
                                        As Sub-Managing Agent

                                    By:____________________________
                                       Name:
                                       Title:

                                      S-9
<PAGE>

                                    FLOATING RATE PORTFOLIO
                                    By: INVESCO Senior Management, Inc.
                                        As Attorney in fact

                                    By:____________________________
                                       Name:
                                       Title:

                                     S-10
<PAGE>

                                    AMARA-1 FINANCE, LTD.
                                    By: INVESCO Senior Management, Inc.
                                        As Sub-Advisor

                                    By:____________________________
                                       Name:
                                       Title:

                                     S-11
<PAGE>

                                    AVALON CAPITAL LTD.
                                    By: INVESCO Senior Management, Inc.
                                        As Portfolio Advisor

                                    By:____________________________
                                       Name:
                                       Title:

                                     S-12
<PAGE>

                                    CHARTER VIEW PORTFOLIO
                                    By: INVESCO Senior Management, Inc.
                                        As Investment Advisor

                                    By:____________________________
                                       Name:
                                       Title:

                                     S-13
<PAGE>

                                    AERIES FINANCE-II LTD.
                                    By: INVESCO Senior Management, Inc.
                                        As Sub-Managing Agent

                                    By:____________________________
                                       Name:
                                       Title:

                                     S-14
<PAGE>

                                    MERRILL LYNCH SENIOR
                                      FLOATING RATE FUND, INC.

                                    By:____________________________
                                       Name:
                                       Title:

                                     S-15
<PAGE>

                            [Intentionally omitted.]

                                     S-16
<PAGE>

                            [Intentionally omitted.]

                                     S-17
<PAGE>

                                    MORGAN STANLEY DEAN WITTER
                                      PRIME INCOME TRUST

                                    By:____________________________
                                       Name:
                                       Title:

                                     S-18
<PAGE>

                                    EATON VANCE

                                    By:____________________________
                                       Name:
                                       Title:

                                     S-19
<PAGE>

                                    HIGHLAND CAPITAL MANAGEMENT

                                    By:____________________________
                                       Name:
                                       Title:

                                     S-20
<PAGE>

                                Schedule 7.7(xi)
                                ----------------

                          Sale/Sublease of Properties

          "Grove Colonial Mortuary" means that certain mortuary located in San
     Bernardino, CA.

          "Grove Colonial Mortuary Transaction" means either (i) a sublease by
     the Borrower of the Grove Colonial Mortuary in the approximate amount of
     $48,000 per year and 5% of the annual revenue in excess of $650,000 or (ii)
     a sale of the Grove Colonial Mortuary for consideration and on terms and
     conditions reasonably satisfactory to the Agents.

          "Home of Peace Memorial Park" means that certain cemetery located in
     Los Angeles, CA.

          "Richardson-Peterson Mortuary" means that certain mortuary located in
     Ontario, CA.

          "Richardson-Peterson Mortuary Sublease" means either (i) a sublease
     agreement between Borrower and Grupo Deco America Corporation whereby
     Borrower shall sublease to Grup Deco America Corporation the Richardson-
     Peterson Mortuary for a term expiring in May 2003 in the approximate amount
     of $48,000 per year and 5% of the annual revenue or (ii) a sale of the
     Richardson-Peterson Mortuary for consideration and on terms and conditions
     reasonably satisfactory to the Agents.

          "R-L Malinow/Glasband-Weinstein Mortuaries" means that certain
     mortuary located in West Hollywood, CA.

          "Home of Peace Memorial Park and R-L Malinow/Glasband-Weinstein
     Mortuary Transaction" means either (i) the bundled sale of both locations
     for $1.0 million ($150,000 in cash and a seller financed note for
     $850,000), or alternatively, (ii) an individual sale of either the Home of
     Peace Memorial Park and/or the R-L Malinow/Glasband-Weinstein Mortuaries
     for consideration and on terms and conditions reasonably satisfactory to
     the Agents.<PAGE>

                                                                   EXHIBIT 10.28
                                                                   -------------

                              FIFTH AMENDMENT TO
                              ------------------

                           BUDDHIST MEMORIAL COMPLEX
                           -------------------------

                         DEVELOPMENT AND USE AGREEMENT
                         -----------------------------

     THIS FIFTH AMENDMENT pertains to that certain Buddhist Memorial. Complex
Development and Use Agreement (the "Agreement"), dated March 1, 1994, by and
between Rose Hills Memorial Park Association, a California Non Profit Mutual
Benefit Corporation ("Association") and the International Buddhist Progress
Society, a California Non Profit Religious Corporation ("Temple"), as amended by
the First Amendment to the Agreement dated September 1, 1994, by the Second
Amendment to the Agreement dated March 15, 1995, by the Third Amendment to the
Agreement dated May 15, 1995, and to the Fourth Amendment to Agreement dated
October 15, 1995.

                                    RECITALS
                                    --------

     Under a Grant Deed dated November 19, 1996, and recorded on November 19,
1996, as Instrument No. 96-19870672, Association deeded the real property which
is the subject matter of the Agreement and of this Fifth Amendment to Rose
Hills, Inc., a Delaware corporation (hereinafter referred to as the
(Corporation"), and on May 8, 1998 the Corporation filed with the California
Secretary of State an Amended Statement and Designation by Foreign Corporation,
changing it's name to RH Cemetery Corp.

     The parties desire to expand the scope of the Buddhist Memorial Complex to
include an additional area consisting of approximately 0.35 of an acre, located
contiguous to and northerly of the initial Site. The expanded area shall be
utilized as an urn garden (sometimes referred to as a "stupas garden"), wherein
inurned ashes will be placed within or upon the surface of the ground. In
consideration for the expansion of the Site, Temple agrees to pay to Corporation
the additional sum of Thirty Thousand and No/ 100 Dollars ($30,000.00).

     The parties further desire to acknowledge that Temple has exercised it's
option to acquire the Adjacent Site (Parcel B), and to set forth the expectation
of the parties regarding that Site.

     In order to memorialize these Recitals, the Agreement is hereby
acknowledged and amended as follows:

                                 ACKNOWLEDGMENT
                                 --------------

     Corporation hereby acknowledges each and every term of the Agreement, and
of the First, Second, Third and Fourth Amendments to the Agreement, and assumes
and agrees to perform each and every obligation of Association thereunder to the
same extent as if Corporation had initially been named as a party therein
instead of Association.

                                   AMENDMENTS
                                   ----------

1.   Paragraph 1.1. of the Agreement is hereby amended to read in full as
follows:
<PAGE>

"1.1.  Property.  Corporation is the owner of those certain premises (the
"Property") consisting of the property described in Exhibit "A" (Parcel A) and
Exhibit "C" (Parcel C) attached hereto (the "Site"), on which a columbarium and
related facilities (the "Buddhist Memorial Complex" or "Complex") has been
constructed. The Property is located within the larger cemetery commonly known
as Rose Hills Memorial Park, Whittier, California (the "Memorial Park")."

2.   Paragraph 1.3 of the Agreement is hereby amended to read in full as
follows:

"1.3   Adjacent Site.  Adjacent to the Site is additional undeveloped real
property owned by Corporation (the "Adjacent Site"), as to which Temple has
acquired certain options and rights under this Agreement. The Adjacent site is
described in Exhibit "B" (Parcel B) attached hereto."

3.   Paragraph 4.7.2 of the Agreement is hereby amended to read in full as
follows:

"4.7.2  Payment for Interment Rights.  Temple shall pay One Million Four Hundred
and Five Thousand and No/100 Dollars ($1,405,000.00) for all interment rights
associated with the Site. Of this sum, Temple has paid to Association and/or
Corporation the sum of Six Hundred Sixty Thousand and No/ 100 Dollars
($660,000.00). Corporation is indebted to Temple in the sum of One Hundred
Seventy Five Thousand and No/100 Dollars ($175,000.00) for Site Improvement
Costs under the provisions of paragraph 4.1.5 of the Third Amendment to
Agreement dated May 15, 1995 ("Corporation's Indebtedness"). Temple elects to
deduct Corporation's Indebtedness from the amount owed by Temple, leaving an
unpaid balance of Five Hundred Seventy Thousand No/100 Dollars ($570,000.00).
Temple shall pay the unpaid balance, without interest, at the rate of One
Hundred Thousand and No/100 Dollars ($100,000.00) per quarter, commencing on
July 1, 2001 and continuing until paid in full."

4.   In each instance wherein reference is made to "Association", the Agreement,
and the First, Second, Third and Fourth Amendments to the Agreement, are amended
to substitute "Corporation" in place of Association.

5.   Except as herein expressly amended, the Agreement, together with the First,
Second, Third and Fourth Amendments to the Agreement, shall remain in full force
and effect.

                      EXERCISE OF OPTION ON ADJACENT SITE
                      -----------------------------------

     Corporation acknowledges that Temple has exercised Temple's option to
acquire the Adjacent Site (Parcel B), pursuant to the provisions of Section IX
of the Agreement. The following provisions shall be applicable with respect to
the Adjacent Site:

1.   Temple has paid the Two Million and No/100 Dollars ($2,000,000.00) purchase
price to Corporation concurrent with the execution of this Fifth Amendment.

2.   It is intended that Temple's utilization of the Adjacent Site may be
deferred for an indefinite period of time, and any additional construction upon
<PAGE>

the Complex, as provided in paragraph 9.7 of the Agreement, may be deferred
until such time as Temple elects to commence construction. Corporation's
obligation to improve the Adjacent Site to a "finished lot", as provided in
paragraph 9.6 of the Agreement, may be deferred until Temple notifies
Corporation of Temple's intended use of the Adjacent Site.

3.   The Adjacent Site may be used as a columbarium, or as a stupa garden, or
both.  In addition, the Adjacent Site may be used for not to exceed Two Hundred
Ninety Five (295) ground burials. Temple shall provide a precise use plan to
Corporation prior to the commencement of the development of the Adjacent Site.

4.   Pending the development of the Adjacent Site, Temple shall, upon reasonable
notice, cause the Adjacent Site to be sodded or seeded with grass, and
Corporation shall maintain the grass.

IN WITNESS WHEREOF the parties have executed this Fifth Amendment as of the 15th
day of April, 2001.

RH CEMETERY CORP.,                       INTERNATIONAL BUDDHIST PROGRESS
a Delaware Corporation                   SOCIETY, a California Non Profit
                                         Religious Corporation
By:                                      By:

It's:                                    It's:

PARCEL A - PROJECT SITE

THAT PORTION OF THE NORTHEAST QUARTER OF SECTION 15, T2S, R11W, S. B. M., IN THE
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA DESCRIBED AS FOLLOWS:

COMMENCING AT THE INTERSECTION OF ROSE HILLS DRIVE AND ROAD #3, BOTH PRIVATE
CEMETERY ROADWAYS, AS SHOWN ON THE MAP FILED IN BOOK 27, PAGE 31 AND 32 OF
CEMETERY MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.

THENCE S47(degrees)2'5"W 2544.07 FEET TO THE TRUE POINT OF BEGINNING;

THENCE S80(degrees)59'12"E 176.33 FEET; THENCE S68(degrees)16'43"E 143.42 FEET;
THENCE N21(degrees)51'35"E 24.66 FEET; THENCE S87(degrees)10'47"E 35.83 FEET;
THENCE S38(degrees)0'0"E 42.36 FEET; THENCE N90(degrees)0'0"E 50.41 FEET; THENCE
N12(degrees)26'13"E 134.41 FEET; THENCE N38(degrees)21'51"E 81.13 FEET; THENCE
S38(degrees)31'52"E 132.69 FEET; THENCE S24(degrees)3'30"E 172.30 FEET; THENCE
S44(degrees)23'51 "E 92.36 FEET; THENCE S56(degrees)4'52"E 108.95 FEET; THENCE
SO(degrees)39'46"W 146.09 FEET; THENCE S60(degrees)41'45"W 70.73 FEET; THENCE
N57(degrees)2'20"W 179.68 FEET; THENCE N18(degrees)4'18"W 143.20 FEET;

THENCE N51(degrees)48'4"W 102.50 FEET; THENCE S80(degrees)19'41 "W 120.22 FEET;
THENCE S65(degrees)25'0"W 179.09 FEET;
THENCE S45(degrees)0'0"W60.56 FEET TO A POINT ON A TANGENT CURVE CONCAVE

NORTHERLY HAVING A RADIUS OF 80.00 FEET; A RADIAL TO SAID POINT BEARING
S45(degrees)0'0"E
THENCE SOUTHWESTERLY ALONG SAID CURVE AN ARC DISTANCE OF 188.50 FEET
THROUGH A CENTRAL ANGLE OF 135(degrees)0'0" TO A POINT OF TANGENCE;
<PAGE>

THENCE NO(degrees)0'0"E 37.74 FEET; THENCE N46(degrees)13'26"W 158.03 FEET;
THENCE N43(degrees)27'20"E 142.33 FEET TO THE TRUE POINT OF BEGINNING.

TOTAL ACREAGE OF THIS PARCEL: 4.46 ACRES, MORE OR LESS.

THE SOLE PURPOSE OF THIS LEGAL DESCRIPTION IS TO DESCRIBE THE PROPERTY SUBJECT
TO THE TERMS AND CONDITION OF THE ATTACHED AGREEMENT. THIS LEGAL DESCRIPTION
SUPERSEDES THE LEGAL DESCRIPTION RECORDED IN LOS ANGELES COUNTY ON JUN 1, 1995.
AS INSTRUMENT NO. 95-872165.

(Copy of map not attached)

PARCEL C - PROJECT SITE

THAT PORTION OF THE NORTH EAST QUARTER OF SECTION 15, T2S, R11 W, S.D.M., 1N
THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA DESCRIBED AS FOLLOWS:

COMMENCING AT THE INTERSECTION OF ROSE HILLS DRIVE AND ROAD #3, BOTH PRIVATE,
CEMETERY ROADWAYS, AS SHOWN ON THE MAP FILED 1N BOOK 27, PAGE 31 AND 32 OF
CEMETERY MAPS 1N THE OFFICE OF THE COUN'T'Y RECORDER OF SAID COUNTY.

THENCE S40(degrees)36'54"W 2348.55 FEET 1'O A POINT ALONG BOUNDARY OF PARCEL `A'
RECORDED 1N LOS ANGELES COUNTY ON MARCH 19, 1996 AS INSTRUMENT NO. 96-437371;
SAID POINT ALSO KNOWN AS THE TRUE POINT OF BEGINNING;

7'F , N50(degrees) 14'00"C 97.54 FEET; THENCE N 18(degrees)04'45"E 119.76 FEET;
THENCE 578(degrees) 14'55"E 81.13 FEET TO THE NORTHERLY CORNER OF PARCEL `A';
THENCE ALONG THE BOUNDARY OF SAID PARCEL S38(degrees)21'51"W 81.13 FEET; THENCE
S12026'13"W 134.41 FEET; 'THENCE N90(degrees)0'0"W 50.41 FEET; THENCE
N38(degrees)0'0"W 42.36 FEET; THENCE N87(degrees)10'47"W 35.83 FEET TO THE TRUE
POINT OF BEGINNING.

TOTAL. ACREAGE OF THIS PARCEL: 0.35 ACRES, MORE OR LESS.

THE SOLE PURPOSE OF THIS LEGAL DESCRIPTION IS TO DESCRIBE THE PROPERTY SUBJECT
TO THE TERMS AND CONDITIONS OF THE MARCH 1, 1994 AGREEMENT AND ALT. SUBSEQUENT
AMENDMENTS RECORDED IN LOS ANGELES COUNTY.
<PAGE>

RECORDED AT THE REQUEST OF AND WHEN RECORDED MAIL TO:

W. Patrick O'Keefe, Jr.
Attorney at Law
505 S. Main Street, Suite 720
Orange, California 92868

                 THIRD AMENDED MEMORANDUM OF BUDDHIST MEMORIAL
                     COMPLEX DEVELOPMENT AND USE AGREEMENT

This Third Amended Memorandum is made and entered into as of the 1 st day of
January, 2001 by and between RH CEMETERY CORP., a Delaware Corporation,
previously known as ROSE HILLS, INC. (the "Corporation"), Successor in Interest
to ROSE HILLS MEMORIAL PARK ASSOCIATION, a California Non-Profit Mutual Benefit
Corporation (the "Association") and INTERNATIONAL BUDDHIST PROGRESS SOCIETY, a
California Non Profit Religious Corporation (the "Temple").

WITNESSETH:

Association and Temple entered into a written Agreement dated March 1, 1994, as
amended by Amendments thereto dated September 1, 1994, March 15, 1995, May 15,
1995, and October 15, 1995, and Corporation and Temple have entered into an
Amendment to the Agreement dated April 15, 2001, pertaining to the development
and use of a portion of the Rose Hills Memorial Park, commonly known as 3888
South Workman Mill Road, in the city of Whittier, County of Los Angeles, state
of California, consisting of Parcels "A" and "C" ("Project Site") and Parcel "B"
("Adjacent Site"), as more particularly described in Exhibit 1 attached hereto
and made a part hereof. With respect to Parcels "A" and "C", the Agreement
provides, in part, as follows:

1.   Temple shall have the exclusive ownership of all interment rights
associated with the Site, including the right to re&#8209;sell plots to members
of the public.

2.   Temple shall have the exclusive right to the use of the Buddhist Memorial
Complex to be constructed upon the Site by Temple

3.   From time to time, Temple shall have the nonexclusive right to use
Corporation's assembly hall and chapel located outside of the Buddhist Memorial
Complex.

With respect to Parcel "B", the Agreement provides, in part as follows:

1.   For a period of seven (7) years from the date of the Agreement, Temple
shall have the option to acquire the exclusive interment and use rights within
Parcel "B".

2.   Upon exercise of the option, Temple shall have the same ownership and use
rights as exist for Parcel "A", as more particularly described above.

     Corporation acknowledges that Temple has exercised Temple's option with
respect to Parcel "B".

     It is understood and agreed that this instrument is a Memorandum of the
Agreement, as amended, and that all rights, obligations, covenants and
warranties of Corporation and Temple are more fully set forth in the Agreement;
in the event that any of the terms and conditions of this instrument are
inconsistent with the Agreement, the terms and conditions of the Agreement, as
<PAGE>

amended, shall prevail. This Third Amended Memorandum supercedes the Memorandum
of Buddhist Memorial Complex Development and Use Agreement recorded in Los
Angeles County on June 4, 1994, as Document No. 94&#8209;1082054, and the
Amended Memorandum of Buddhist Memorial Complex Development and Use Agreement
recorded in Los Angeles County on June 5, 1995, as Document No. 95&#8209;872165,
and the Second Amended Memorandum of Buddhist Memorial Complex Development and
Use Agreement recorded in Los Angeles County on

March 19, 1996, as Document No. 96-437371.

IN WITNESS WHEREOF the parties have executed this instrument as of the 15 `h day

of April, 2001.

                                  RH Cemetery Corp., A Delaware Corporation

"Corporation"                     By: /S/ Kenton C. Woods
                                  It's: Executive Vice President &
                                        Chief Financial Officer

                                  International Buddhist Progress Society
                                  A California Non-Profit Religious Corporation

"Temple"                          By:
                                  It's: Secretary

STATE OF CALIFORNIA

COUNTY OF Los Angeles

      On April 27, 2001 before me, the undersigned, a Notary Public personally
appeared Kenton C. Woods personally known to me (or proved to me upon the basis
of satisfactory evidence) to be the person whose name is subscribed to the
within instrument, and acknowledged to me that he executed the same in his
authorized capacity and that by his signature on the instrument the person or
entity upon behalf of which the person acted, executed the instrument.

WITNESS my hand and official seal.

             SUE E. WONG
     Commission # 1238174
     Notary Public California
     Los Angeles County
     My Comm. Expires Oct 16, 2003
<PAGE>

                                 ACKNOWLEDGMENT

STATE OF CALIFORNIA

COUNTY OF Los Angeles

     On April 20, 2001 before me, the undersigned, a Notary Public in and for
said County and State, personally appeared HSISHEN FANG, known to me (or proved
to me upon the basis of satisfactory evidence) to be the person whose name is
subscribed to the foregoing instrument and acknowledged to me that he executed
the same in his authorized capacity and that  by his signature on the instrument
the person or entity upon behalf of which the person acted, executed the
instrument.

WITNESS my hand and official seal.

     Vivian Wu
     Commission# 1197164
     Notary Public - California
     Los Angeles County
My Comm. Expires Sep 27, 2002
<PAGE>

PARCEL A - PROJECT SITE

THAT PORTION OF THE NORTHEAST QUARTER OF SECTION 15, T2S, Rl 1W, S. B. M., IN
THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA DESCRIBED AS FOLLOWS:

COMMENCING AT THE INTERSECTION OF ROSE HILLS DRIVE AND ROAD #3, BOTH PRIVATE
CEMETERY ROADWAYS, AS SHOWN ON THE MAP FILED IN BOOK 27, PAGE 31 AND 32 OF
CEMETERY MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.

THENCE S47(degrees)2'5"W 2544.07 FEET TO THE TRUE POINT OF BEGINNING;

THENCE S80(degrees)59'12"E 176.33 FEET; THENCE S68(degrees) 16'43"E 143.42 FEET;
THENCE N21(degrees)51'35"E 24.66 FEET; THENCE S87(degrees) 10'47"E 35.83 FEET;
THENCE S38(degrees)0'0"E 42.36 FEET; THENCE N90(degrees)0'0"E 50.41 FEET; THENCE
N12(degrees)26'13"E 134.41 FEET; THENCE N38(degrees)21'51"E 81.13 FEET; THENCE
538(degrees) 31'52"E 132.69 FEET; THENCE S24(degrees) 3'30"E 172.30 FEET; THENCE
544(degrees) 23'51 "E 92.36 FEET; THENCE S56(degrees) 4'52"E 108.95 FEET; THENCE
S0(degrees)39'46"W 146.09 FEET; THENCE S60(degrees)41'45"W 70.73 FEET; THENCE
N57(degrees) 2'20"W 179.68 FEET; THENCE N18(degrees) 4' 18"W 143.20 FEET;

THENCE N51(degrees) 48'4"W 102.50 FEET; THENCE 580(degrees) 19'41 "W 120.22
FEET;
THENCE S65(degrees)25'0"W 179.09 FEET;
THENCE S45(degrees)0'0"W60.56 FEET TO A POINT ON A TANGENT CURVE CONCAVE

NORTHERLY HAVING A RADIUS OF 80.00 FEET; A RADIAL TO SAID POINT BEARING
545(degrees) 0'0"E
THENCE SOUTHWESTERLY ALONG SAID CURVE AN ARC DISTANCE OF 188.50 FEET
THROUGH A CENTRAL ANGLE OF 135(degrees)0'0" TO A POINT OF TANGENCE;
THENCE NO(degrees)0'0"E 37.74 FEET; THENCE N46(degrees) 13'26"W 158.03 FEET;
THENCE N43(degrees)27'20"E 142.33 FEET TO THE TRUE POINT OF BEGINNING.

TOTAL ACREAGE OF THIS PARCEL: 4.46 ACRES, MORE OR LESS.

THE SOLE PURPOSE OF THIS LEGAL DESCRIPTION IS TO DESCRIBE THE PROPRETY SUBJECT
TO THE TERMS AND CONDITION OF THE ATTACHED AGREEMENT. THIS LEGAL DESCRIPTION
SUPERSEDES THE LEGAL DESCRIPTION RECORDED IN LOS ANGELES COUNTY ON JUN 1, 1995,
AS INSTRUMENT NO. 95-872165.

<PAGE>

PARCEL C - PROJECT SITE

THAT PORTION OF TI IE NORTHEAST IEAST QUARTER OF SECTION 15, T2S, Rl 1 W,
S.D.M., IN THE COUNTY OF LOS ANGELES, STA'T'E OF CALIFORNIA DESCRIBED AS
FOLLOWS:

COMMENCING AT TI THE INTERSECTION OF ROSE BILLS DRIVE AND ROAD #3,130TI I
PRIVATE CEMETERY ROADWAYS, AS SHOWN ON THE MAP FILED IN BOOK 27, PAGE 31 AND 32
OF CEMETERY MAPS 1N THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.

THENCE S40(degrees)36'54"W 2348.55 FEET 1'O A POINT ALONG BOUNDARY OF PARCEL `A'
RECORDED 1N LOS ANGELES COUNTY ON MARCH 19,1996 AS INSTRUMENT NO.
9G&#8209;437371;
SAID POINT ALSO KNOWN AS THE TRUE POINT OF BEGINNING;

THENCE N50(degrees) 14'00"E 97.54 FEET; 'THENCE N 18(degrees)04'45"E 119.76
FEET; THENCE 578(degrees) I 4'55(degrees)E 81.13 FEET TO THE NORTHERLY CORNER
O[undefined characters] PARCEL (degrees)A'; THENCE ALONG THE BOUNDARY OF SAID
PARCEL S38(degrees)21'51"W 81.13 FEET; THENCE: S 12(degrees)2G' 13"W 134.41 FEET
THENCE N90(degrees)0'0"W 50.41 FEET; THENCE N38(degrees)D'0"W 4236 FEET; THENCE
N87(degrees)1D'47"W 35.83 FEET TO THE TRUE POINT OF BEGINNING.

TOTAL, ACREAGE OF THIS PARCEL: 0.35 ACRES, MORE OR LESS.

THE SOLE PURPOSE OF THIS LEGAL DESCRIPTION IS TO DESCRIBE THE PROPERTY
SUBJECT TO THE TERMS AND CONDITIONS OF THE MARCH 1, 1994 AGREEMENT AND ALL
SUBSEQUENT AMENDMENTS RECORDED IN LOS ANGELES COUNTY.
<PAGE>

PARCEL B - ADJACENT SITE

THAT PORTION OF THE NORTHEAST QUARTER OF SECTION 15, T2S, R11W, S. B. M., IN THE
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA DESCRIBED AS FOLLOWS:

COMMENCING AT THE INTERSECTION OF ROSE HILLS DRIVE AND ROAD #3, BOTH PRIVATE
CEMETERY ROADWAYS, AS SHOWN ON THE MAP FILED IN BOOK 27, PAGE 31 AND 32 OF
CEMETERY MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.

THENCE S47(degrees) 2'5"W 2544.07 FEET TO THE TRUE POINT OF BEGINNING;

THENCE S43(degrees)27'20"W 229.85 FEET; THENCE N79(degrees)1'13"W 219.75 FEET;
THENCE N23(degrees) 36'21 "W 261.78 FEET; THENCE N 13(degrees) 40'45"E 169.46
FEET; THENCE S33(degrees)41'15"E 120.59 FEET; THENCE S74(degrees)35'58"E 406.23
FEET; THENCE N15(degrees)38'26"W 74.06 FEET TO THE TRUE POINT OF BEGINNING.

TOTAL ACREAGE OF THIS PARCEL: 2.68 ACRES, MORE OR LESS.

THE SOLE PURPOSE OF THIS LEGAL DESCRIPTION IS TO DESCRIBE THE PROPRETY SUBJECT
TO THE TERMS AND CONDITION OF THE ATTACHED AGREEMENT. THIS LEGAL DESCRIPTION
SUPERSEDES THE LEGAL DESCRIPTION RECORDED IN LOS ANGELES COUNTY ON JUN 1, 1995,
AS INSTRUMENT N0. 95-872165.

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