Document:

<PAGE>

                                                                    Exhibit 4(i)

                                                                  CONFORMED COPY

Dated                           7 June                                    2001
--------------------------------------------------------------------------------

             Trans-Continental Leaf Tobacco Corporation Limited, Standard
            Commercial Tobacco Company (UK) Limited and Standard Commercial
                                   Tobacco Co., Inc.                         (1)
                                    (as Borrowers)

                            Standard Commercial Corporation
                                    (as Guarantor)                           (2)

                     Standard Commercial Tobacco Processors, LLC,
                    Standard Commercial Tobacco Threshing, LLC and
                      Standard Commercial Tobacco Operations, LLC            (3)
                                   (as New Obligors)

                                The Steering Committee                       (4)

                             Deutsche Bank A.G. in Hamburg
                                    (as Lead Bank)                           (5)

                             Fortis Bank (Nederland) N.V.                    (6)
                           (as International Security Agent)

                               First Union National Bank                     (7)
                                (as US Security Agent)

                                  The Remaining Banks                        (8)

                                       - and -

                                  The Outgoing Banks                         (9)

--------------------------------------------------------------------------------

                          SIXTH SUPPLEMENTAL AGREEMENT
                       TO THE MASTER FACILITIES AGREEMENT

--------------------------------------------------------------------------------

                                    Lovells

                                  A6/KB/790397
<PAGE>

                                                                  CONFORMED COPY

This Agreement is made on 7 June 2001

Between:

(1)  The Companies Listed in Schedule 1 (the "Borrowers");

(2)  Standard Commercial Corporation (Federal Tax Identification Number
     13/1337610) whose registered office is at 2201 Miller Road, PO Box 450,
     Wilson NC 27894-0450, USA ("SCC");

(3)  Standard Commercial Tobacco Processors, LLC, Standard Commercial Tobacco
     Threshing, LLC and Standard Commercial Tobacco Operations, LLC (the "New
     Obligors");

(4)  Deutsche Bank A.G. in Hamburg, Fortis Bank (Nederland) N.V., First Union
     National Bank, Norddeutsche Landesbank Girozentrale and Westdeutsche
     Landesbank Girozentrale (the "Steering Committee");

(5)  Deutsche Bank A.G. in Hamburg (the "Lead Bank");

(6)  Fortis Bank (Nederland) N.V. (the "International Security Agent");

(7)  First Union National Bank (the "US Security Agent");

(8)  The Banks Listed in Schedule 2 (the "Remaining Banks"); and

(9)  Rabobank International, London Branch and Sun Trust Bank (together, the
     "Outgoing Banks" and each is an "Outgoing Bank").

Whereas:

(A)  On 5 May, 1995, certain of the parties entered into the MFA (as defined
     below).

(B)  The MFA was amended and supplemented by  a first supplemental agreement
     dated 1 February 1996, a second supplemental agreement dated 16 July 1996,
     a third supplemental agreement dated 31 July 1997, a fourth supplemental
     agreement dated 19 May 1999 and a fifth supplemental agreement dated 15 May
     2000.

(C)  Following a transfer of assets from MeesPierson Rotterdam NV to Fortis Bank
     (Nederland) NV, Fortis Bank (Nederland) N.V. has replaced MeesPierson NV as
     International Security Agent, as a Bank and as part of the Steering
     Committee.

(D)  Following a merger between Crestar Bank, Inc. and Sun Trust, Sun Trust is
     now the provider of the facility previously made available by Crestar Bank,
     Inc.

(E)  The parties now wish to amend and supplement the MFA as set out in this
     Agreement.

It is Agreed:

                                      -2-
<PAGE>

                                                                  CONFORMED COPY

1.   Definitions

1.1  Save as expressly provided in this Agreement, expressions defined in the
     MFA shall bear the same meanings in this Agreement and principles of
     interpretation applicable to the MFA shall also apply to this Agreement.

1.2  In this Agreement the following expressions shall have the following
     respective meanings:

     "Effective Date" for the purposes only of this Agreement, 9 April 2001 or,
     if later, the first date on which the Lead Bank shall have received the
     documents and payments referred to in clause 3 below, satisfactory in form
     and substance to the Lead Bank and on which the Lead Bank is satisfied with
     the matters referred to in clause 3 of this Agreement;

     "Guaranty Agreement" means the Guaranty Agreement to be entered into
     between the New Obligors (as defined in clause 2.5) and the US Security
     Agent in form and substance satisfactory to the US Security Agent;

     "MFA" means the Master Facilities Agreement dated 5th May 1995 as amended
     by a first Supplemental Agreement dated 1 February 1996, by a Second
     Supplemental Agreement dated 16 July 1996, a Third Supplemental Agreement
     dated 31 July 1997, a Fourth Supplemental Agreement dated 19 May 1999 and a
     fifth supplemental agreement dated 15 May 2000 and otherwise as amended,
     varied, supplemented and in force immediately prior to the Effective Date;

     "Security Agreement" means the security agreement to be entered into
     between the New Obligors (as defined in clause 2.5) and the US Security
     Agent in form and substance satisfactory to the US Security Agent

1.3  Unless otherwise specified, any reference in this Agreement to a Clause or
     a Schedule is to a Clause or a Schedule of the MFA.

2.   Amendment

2.1  Retirement of Banks

     It was noted that with effect from the Effective Date, the Outgoing Banks
     will cease to be Banks and their respective Commitments will be reduced to
     zero.

2.2  Centura Bank

     It was noted that with effect from the Effective Date, Centura Bank will
     become (and is hereby designated by the Lead Bank (acting with Majority
     Bank approval) and SCTC, Inc. as) a Bank with the Commitment set opposite
     its name in Schedule II to the MFA and Schedules II and IV to the MFA shall
     be amended accordingly.  Each of the facility letters from time to time
     entered into by Centura Bank in connection with the facilities pursuant to
     which Centura Bank makes available its Commitment (in each case as amended
     and supplemented from time to time in accordance with the MFA) is hereby
     designated by the Lead Bank (acting with Majority Bank approval) and SCC as
     a Facility Letter under the MFA for all purposes and each such facility is
     designated as a "Facility" under the MFA for all purposes by the Lead Bank
     (acting with Majority Bank approval) and SCTC Inc.

2.3  Decrease in Facilities

     With effect from the Effective Date, the aggregate amount of the Facilities
     will be reduced to $230,000,000.

                                      -3-
<PAGE>

                                                                  CONFORMED COPY
2.4  Arrangement Fee

     The Borrowers shall, on the Effective Date, pay to the Lead Bank for the
     Banks, a fee equal to 0.125 per cent. of the aggregate of the Commitment of
     the Banks on that Date.

2.4  New Obligors

     Each of the Banks hereby consents to the transfer of part of the business
     and assets of SCTC Inc. to Standard Commercial Tobacco Processors, LLC,
     Standard Commercial Tobacco Threshing LLC and Standard Commercial Tobacco
     Operations, LLC (the "New Obligors") on the terms set out in a letter dated
     13 December 2000 from SCC addressed to the Lead Bank and the US Security
     Agent with effect from the Effective Date provided that the New Obligors
     shall each have entered into a Guaranty Agreement and a Security Agreement
     satisfactory in form and substance to the US Security Agent.  With effect
     from the Effective Date each of the New Obligors is designated as an
     Obligor and as a Tobacco Group Company.  The Lead Bank is hereby authorised
     to designate the New Obligors as Eligible Tobacco Group Companies once it
     is satisfied that the pre-conditions to that designation set out in the
     definition of Eligible Tobacco Group Companies have been satisfied.

2.5  New Obligors Appointment

     (a)  Each of the New Obligors hereby irrevocably authorises and instructs
          each of SCTC and SCC to give any representations, covenants or
          undertakings expressed in the MFA to be given by SCTC and/or SCC on
          behalf of any Obligor and further irrevocably agrees and authorises
          each of SCTC and SCC to give any consents, notices or authorisations
          expressed in the MFA to be given by SCTC and/or SCC on behalf of any
          Obligor.

     (b)  Each of the New Obligors hereby irrevocably authorises SCTC Inc. in
          the terms set out in clause 37.1 of the MFA.

     (c)  With effect from the date of this Agreement, each of the New Obligors
          hereby designates, appoints and empowers Standard Commercial Tobacco
          Services (UK) Limited as its agent for service of process in the terms
          of clause 40.1(b) (Governing Law and Jurisdiction) of the MFA.

2.6  Amendments to MFA

     With effect from the Effective Date, the MFA shall be amended and
     supplemented and shall take effect in the form set out in the Appendix to
     this document.  For ease of reference, changes have been made to the
     following clauses:

     The list of parties on the front page and on page 1 of the Agreement.

     Definition of "Final Repayment Date".

     Definition of "International Security Agent".

     Definition of "LLC Obligors".

     Definition of "Margin".

     Definition of "Steering Committee".

     Clause 14.5(c), (d) and (e).

                                      -4-
<PAGE>

                                                               CONFORMED COPY

     Clause 14.7(a), (b) and (c).

     Clause 14.11(c).

     Clause 16.1(a).

     Clause 18.1.

     Schedule II.

     Schedule III.

     Schedule IV.

     Schedule V.

     Schedule VII (to be updated with a new Group Structure Chart, provided by
     SCC).

     Schedule IX.

     Schedule XV.

3.   Conditions Precedent

3.1  (a)  Agreement: this Agreement duly signed on behalf of each of the
          parties.
     (b)  Company Documents

          (i)  Certificate of Authorisation: in relation to the Borrowers and
               SCC, a certificate signed by a duly authorised director to the
               effect that the requisite resolution of its board of directors
               has been duly and properly passed:-

               (1)  authorising its execution, delivery and performance of this
                    Agreement; and

               (2)  authorising a named person or persons specified in such
                    certificate and whose specimen signatures appear there to
                    sign this Agreement and any amendments and renewals thereof
                    and to give any notices or certificates required in
                    connection with such documents,

               and confirming that such resolutions are still in effect and have
               not been varied or rescinded and also confirming that there have
               been no changes to the constitutional documents of the Borrowers
               and SCC since the copies previously provided to the Lead Bank
               under the MFA;

          (ii) Authorising Board Resolutions: a certified copy of the
               resolutions of the board of directors referred to in paragraph
               (b)(i) above or an original Resolution by Circular Letter of
               TCLTC in the agreed terms unless local legal counsel to the Lead
               Bank and the Security Agents advises that this is not necessary;

         (iii) Certificate of Authorisation of other Obligors: in relation
               to each

                                      -5-
<PAGE>

                                                                  CONFORMED COPY

               Obligor other than SCTC Inc, SCTC (UK), TCLTC, and SCC and the
               New Obligors, a certificate of one of its directors to the effect
               that the requisite resolution of its board of directors has been
               duly and properly passed approving this Agreement and confirming
               that such resolutions are still in effect and have not been
               varied or rescinded or a certificate in such other form as local
               legal counsel to the Lead Bank and the Security Agents consider
               to be satisfactory and also confirming that there have been no
               changes to the constitutional documents of the Obligors since the
               copies previously provided to the Lead Bank under the MFA;

          (iv) Other Obligors' Authorising Board Resolutions: a certified copy
               of the resolutions of the board of directors of each of the other
               Obligors referred to in paragraph (b)(iii) above;

          (v)  New Obligors Authorising Board Resolutions: in relation to each
               of the New Obligors, a certified copy of the resolutions of its
               board of directors approving this Agreement, the Guaranty
               Agreement and the Security Agreement to be entered into by it and
               otherwise in such form as local legal counsel to the US Security
               Agent consider to be satisfactory;

          (vi) Certificate of Authorisation of New Obligors: in relation to each
               New Obligor, a certificate of one of its directors to the effect
               that the requisite resolution of its board of directors has been
               duly and properly passed approving this Agreement, the Guaranty
               Agreement and the Security Agreement and confirming that such
               resolutions are still in effect and have not been varied or
               rescinded or a certificate in such other form as local legal
               counsel to the Lead Bank and the Security Agents consider to be
               satisfactory;

         (vii) Constitutional Documents: certified copies of the constitutional
               documents of each of the New Obligors;

        (viii) Security Agreements: the Guaranty Agreement and Security
               Agreement duly executed on behalf of each of the New Obligors,
               together with such UCC filing statements and other ancillary
               documents as local legal counsel to the Security Agent may
               require; and

          (ix) Legal Opinion: a legal opinion of North Carolina counsel relating
               to the New Obligors;

     (b)  Directors' Certificates:  a certificate (signed in each case by a duly
          authorised director) of each of SCTC Inc. SCTC (UK) and TCLTC and SCC
          and dated as of the Effective Date that, after making diligent
          enquiry, the directors are not aware that any Event of Default or
          Potential Event of Default under the MFA has occurred and is
          Continuing;

     (c)  Bank Mandates: such bank mandates, specimen signatures and similar
          documentation as Centura Bank may require in order to enable each of
          the Facilities made available by it to be utilised by each of the
          Borrowers, duly signed on behalf of the relevant Borrower(s);

     (d)  Exiting Banks:  a letter from each of Sun Trust and Rabobank
          International addressed to the Lead Bank, confirming that no party to
          the MFA or any Finance Document or Security Document has any further
          liabilities (actual or contingent) to it in connection with the MFA
          and/or any Finance Document or Security Document;

                                      -6-
<PAGE>

                                                                  CONFORMED COPY

     (e)  Other Documentation:  such other documentation as the Lead Bank may
          specify in writing.

3.2  The Lead Bank shall be entitled to disregard discrepancies in any of the
     conditions precedent produced to it pursuant to clause 3.1 of this
     Agreement where it considers that such discrepancy is of a minor and
     non-material nature.

3.3  The representations and warranties in clause 13.1 of the MFA shall be
     deemed to be repeated on the date of this Agreement and on the Effective
     Date.

3.4  All fees payable to the respective legal advisers of the Lead Bank and the
     US Security Agent shall be paid together with any disbursements and any
     applicable taxes in full within five Business Days of the Effective Date.

4.   Construction

4.1  The MFA and this Agreement shall after the date of this Agreement be read
     and construed as one document and references in the MFA and each Finance
     Document to the MFA shall be read and construed as references to the MFA as
     supplemented and amended by this Agreement.

4.2  The MFA shall continue in full force and effect, save as otherwise
     expressly amended by this Agreement.

4.3  The amendments contained in this Agreement shall be without prejudice to
     any rights and liabilities arising under the MFA by reference to any acts,
     omissions and events occurring before such amendments come into effect.

5.   Costs and Expenses

     SCTC Inc. will reimburse the Lead Bank and the US Security Agent on demand
     all reasonable costs and expenses (including legal costs and out-of-pocket
     expenses) and all value added tax thereon incurred by either of them in
     connection with the negotiation, preparation and execution of this
     Agreement and any condition precedent documentation contemplated in it.

6.   Counterparts

     This Agreement may be executed in any number of counterparts, all of which
     when taken together shall constitute a single instrument.

7.   Notices

     The provisions of Clause 32 (Notices) of the MFA shall be deemed to be
     incorporated, mutatis mutandis, in this Agreement.

8.   Governing Law and Jurisdiction

     The provisions of Clause 40 (Governing Law and Jurisdiction) of the MFA
     shall be deemed to be incorporated, mutatis mutandis, in this Agreement.

AS WITNESS the hands of the parties the day and year first above written.

                                      -7-
<PAGE>

                                                                  CONFORMED COPY

                                   Schedule 1

                                  The Borrowers

Name                                                        Company Number

Trans-Continental Leaf Tobacco Corporation Limited          H.LIV/14

Standard Commercial Tobacco Company (UK) Limited            1411968

Standard Commercial Tobacco Co., Inc.                       56-0323420

                                      -8-
<PAGE>

                                                                  CONFORMED COPY

                                   Schedule 2

                               The Remaining Banks

ABN Amro Bank

Berenberg Bank

BHF Bank AG

Centura Bank

Commerzbank AG

Deutsche Bank AG in Hamburg

Dresdner Bank AG in Hamburg

First Union National Bank

KBC Bank NV

Fortis Bank (Nederland) NV

Norddeutsche Landesbank Girozentrale

Standard Chartered Bank

Westdeutsche Landesbank Girozentrale

                                      -9-
<PAGE>

                                                                  CONFORMED COPY
                                 Signature Pages

The Borrowers

TRANS-CONTINENTAL LEAF TOBACCO CORPORATION LIMITED
FL-9490 Vaduz
Liechtenstein

Facsimile No:  + 41 75 236 5555
Attention:     The Finance Director

By:  KEITH N.MERRICK

STANDARD COMMERCIAL TOBACCO COMPANY (UK) LIMITED
Standard House
Weyside Park
Godalming
Surrey GU7 1XE
England

Facsimile No:  + 44 1483 860176
Attention:     The Finance Director

By:  KEITH N.MERRICK

STANDARD COMMERCIAL TOBACCO CO., INC.

2201 Miller Road, P O Box 450,
Wilson NC 27894-0450, USA

Facsimile No:  + 1 919 237 1109
Attention:     The Finance Director

By:  KEITH N.MERRICK

SCC (as Guarantor)

STANDARD COMMERCIAL CORPORATION

2201 Miller Road, P O Box 450,
Wilson NC 27894-0450, USA

Facsimile No:  + 1 919 237 1109
Attention:     The Finance Director

By:  KEITH N.MERRICK

                                      -10-
<PAGE>

                                                                  CONFORMED COPY

The New Obligors

STANDARD COMMERCIAL TOBACCO OPERATIONS, LLC
2201 Miller Road
PO Box 450
Wilson NC 27894-0450
USA

Facsimile No:  + 1 919 237 1109
Attention:     The Finance Director

By:  KEITH N.MERRICK

STANDARD COMMERCIAL TOBACCO THRESHING, LLC
2201 Miller Road
PO Box 450
Wilson NC 27894-0450
USA

Facsimile No:  + 1 919 237 1109
Attention:     The Finance Director

By:  KEITH N.MERRICK

STANDARD COMMERCIAL TOBACCO PROCESSORS, LLC
2201 Miller Road
PO Box 450
Wilson NC 27894-0450
USA

Facsimile No:  + 1 919 237 1109
Attention:     The Finance Director

By:  KEITH N.MERRICK

The Lead Bank

DEUTSCHE BANK A.G. IN HAMBURG
Firmen und Institutionen
Konzernbetreuung
Adolphsplatz 7
20079 Hamburg, Germany

Facsimile No:  + 49 40 3701 4684
Attention:     Bernd Krajnik

By:  CLAUDIA KEBLER

     WOLF-DIETRICH KNIGGE

                                      -11-
<PAGE>

                                                                  CONFORMED COPY
The International Security Agent

FORTIS BANK (NEDERLAND) N.V.
Camomile Court
23 Camomile Street
London EC3A 7PP

Facsimile No:  + 207 444 8810
Attention:     Iain Lappin-Smith

By:  A.J VAN BALEN - ROELOFFS

     YCM VAN DER KLOET

The US Security Agent

FIRST UNION NATIONAL BANK
301 South Tyron Street, T-28
Charlotte
NC 28288-0334
USA

Facsimile No:  00 1 704 383 6647
Attention:     Chris Corish

By:  CHRISTOPHER L.CORISH

The Steering Committee

DEUTSCHE BANK A.G. IN HAMBURG
Firmen und Institutionen
Konzernbetreuung
Adolphsplatz 7
20079 Hamburg, Germany

Facsimile No:  + 49 40 3701 4684
Attention:     Bernd Krajnik

By:  CLAUDIA KEBLER

     WOLF-DIETRICH KNIGGE

FORTIS BANK (NEDERLAND) NV
Coolsingel 93
PO Box 749

3000 AS Rotterdam

Netherlands

Facsimile No:  + 31 10 401 6558
Attention:     Jaap Van Beveren

By:  A.J VAN BALEN - ROELOFFS

     JAAP VAN BEVEREN

                                      -12-
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                                                                  CONFORMED COPY

FIRST UNION NATIONAL BANK
c/o First Union Securities, Inc.
301 South College Street
Charlotte
NC 28202-0737
USA

Facsimile No:  00 1 704 383 6647
Attention:     Jorge Gonzalez
               Managing Director

By:  JORGE GONZALEZ

NORDDEUTSCHE LANDESBANK GIROZENTRALE
Brodschrangen 4
20457 Hamburg
Germany

Facsimile No:  + 49 40 3765 5304
Attention:     Mrs Glindmeyer

By:  ULRIKE GLINDMEYER

     NICOLE MEYER

WESTDEUTSCHE LANDESBANK GIROZENTRALE
Domstrasse 10
20095 Hamburg
Germany

Facsimile No:  + 49 40 339 68265
Attention:     Mrs Renate Koch, Credit Department

By:  W.REICHEL

     RENATE KOCH

The Banks

DEUTSCHE BANK A.G. IN HAMBURG
Firmen und Institutionen
Konzernbetreuung
Adolphsplatz 7
20079 Hamburg, Germany

                                      -13-
<PAGE>

                                                                  CONFORMED COPY

Facsimile No:  + 49 40 3701 4684
Attention:     Bernd Krajnik

By:  CLAUDIA KEBLER

     WOLF-DIETRICH KNIGGE

FORTIS BANK (NEDERLAND) NV
Coolsingel 93
PO Box 749
3000 AS Rotterdam
Netherlands

Facsimile No:  + 31 10 401 6558
Attention:     Jaap Van Beveren

By:  A.J VAN BALEN - ROELOFFS

     JAAP VAN BEVEREN

FIRST UNION NATIONAL BANK
c/o First Union Securities, Inc.
301 South College Street
Charlotte
NC 28202-0737
USA

Facsimile No:  001 704 383 6647
Attention:     Jorge Gonzalez
               Managing Director

By:  JORGE GONZALEZ

NORDDEUTSCHE LANDESBANK GIROZENTRALE
Brodschrangen 4
20457 Hamburg
Germany

Facsimile No:  + 49 40 3765 5304
Attention:     Mrs Glindmeyer

By:  ULRIKE GLINDMEYER

     NICOLE MEYER

WESTDEUTSCHE LANDESBANK GIROZENTRALE
Domstrasse 10
20095 Hamburg
Germany

                                      -14-
<PAGE>

                                                                  CONFORMED COPY

Facsimile No:  + 49 40 339 68265
Attention:     Mrs Renate Koch, Credit Department

By:  W.REICHEL

     RENATE KOCH

BERENBERG BANK
Neuer Jungfernstieg 20
20354 Hamburg
Germany

Facsimile No:  + 49 40 354 248
Attention:     Mr Klaus Schroder

By:  FRANK JUNGCLAUS

     KLAUS SCHROEDER

BHF-BANK AKTIENGESELLSCHAFT
Neuer Wall 54
20354 Hamburg
Germany

Facsimile No:  + 49 40 3200 9203
Attention:     Mr Theodore Budde

By:  NORBERT SCHMITZ VON HUELST

     THEODORE BUDDE

COMMERZBANK A.G.
Ness 7-9
20457 Hamburg
Germany

Facsimile No:  + 49 40 368 32869
Attention:     Ralf Schwarzhaupt

By:  RALF SCHWARZHAUPT

     OVERKAMP

ABN AMRO BANK N.V.
TCF Europe,
Herengracht 595
PO Box 90 (AF 2432)
1000AB Amsterdam
The Netherlands

                                      -15-
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                                                                  CONFORMED COPY

Tel:        + 31 20 383 3458
Fax:        + 31 20 383 3455
Attention:  Mr. Rudolf Oldeman

By:  RUDOLF E. OLDEMAN

     M.C MARSEILLE-ADLER

KBC BANK N.V.
Global Trade Finance Group
Dashwood House
69 Old Street
London EC2M 1GT
England

Tel:        +44 20 7861 2635
Fax:        +44 20 7861 2626
Attention:  Paul Lodwick/Fred Arnold

By: MALCOLM D.WILSON

   PAUL LODWICK

STANDARD CHARTERED BANK
37 Gracechurch Street
London EC3V OBX
England

Tel:        +44 207 280 7585
Fax:        +44 207 280 7598
Attention:  Mr. Francois Dorival-Bordes

By:  IAN MOTE

     COLIN GEORGE

DRESDNER BANK AG IN HAMBURG
Corporate Customers
Betreuung Unternehmenskunden Hamburg 3
Jungfernstieg 22
20349 Hamburg
Germany

Tel:        + 49 40 3501 3200
Fax:        + 49 40 350 1 3278
Attention:  Mr Eugen Klutzny

By:  EUGEN KLUTZNY

     ALBERT

                                      -16-
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                                                                  CONFORMED COPY

CENTURA BANK
Corporate Banking
PO Box 1220
131 N. Church Street
Rocky Mound
NC27802
USA

Tel: +1 252 454 4433
Fax: +1 252 454 4835
Attention:  Lowry D Perry

By:  LOWRY D.PERRY

The Outgoing Banks

RABOBANK INTERNATIONAL
Thames Court
One Queenhithe
London
EC4V 3RL

Facsimile No:  + 44 20 7809 3500
Attention:     Mr David Cormack

By:       DAVID CORMACK

          SIMON PHILLIP TYLER

SUN TRUST
919 East Main Street
Richmond
VA 23219
USA

Facsimile No:  00 1 804 782 5413
Attention:     Mr C Gray Key

By:       C GRAY KEY

                                      -17-<PAGE>

                                                                    EXHIBIT 10.1
                                  AMENDMENT TO

                       1995 EMPLOYEE STOCK PURCHASE PLAN

                                       OF

                               CYTYC CORPORATION.

  The 1995 Employee Stock Purchase Plan (the "Plan") is hereby amended by
deleting the second sentence of Article 4 thereof in its entirety and inserting
in lieu thereof the following:

  "The aggregate number of shares which may be issued pursuant to the Plan is
1,440,000, subject to adjustment as provided in Article 12."

Adopted by the Board of Directors on January 31, 2001.
Approved by the Stockholders on May 23, 2001.

                                      17
<PAGE>

                               CYTYC CORPORATION

                       1995 EMPLOYEE STOCK PURCHASE PLAN

Article 1 - Purpose.
-------------------

  This 1995 Employee Stock Purchase Plan (the "Plan") is intended to encourage
stock ownership by all eligible employees of Cytyc Corporation (the "Company"),
a Delaware corporation, and its participating subsidiaries (as defined in
Article 17) so that they may share in the growth of the Company by acquiring or
increasing their proprietary interest in the Company.  The Plan is designed to
encourage eligible employees to remain in the employ of the Company and its
participating subsidiaries.  The Plan is intended to constitute an "employee
stock purchase plan" within the meaning of Section 423(b) of the Internal
Revenue Code of 1986, as amended (the "Code").

Article 2 - Administration of the Plan.
--------------------------------------

  The Plan may be administered by a committee appointed by the Board of
Directors of the Company (the "Committee").  The Committee shall consist of not
less than two members of the Company's Board of Directors.  The Board of
Directors may from time to time remove members from, or add members to, the
Committee.  Vacancies on the Committee, howsoever caused, shall be filled by the
Board of Directors.  The Committee may select one of its members as Chairman,
and shall hold meetings at such times and places as it may determine.  Acts by a
majority of the Committee, or acts reduced to or approved in writing by a
majority of the members of the Committee, shall be the valid acts of the
Committee.

  The interpretation and construction by the Committee of any provisions of the
Plan or of any option granted under it shall be final, unless otherwise
determined by the Board of Directors.  The Committee may from time to time adopt
such rules and regulations for carrying out the Plan as it may deem best,
provided that any such rules and regulations shall be applied on a uniform basis
to all employees under the Plan.  No member of the Board of Directors or the
Committee shall be liable for any action or determination made in good faith
with respect to the Plan or any option granted under it.

  In the event the Board of Directors fails to appoint or refrains from
appointing a Committee, the Board of Directors shall have all power and
authority to administer the Plan.  In such event, the word "Committee" wherever
used herein shall be deemed to mean the Board of Directors.

Article 3 - Eligible Employees.
------------------------------

  All employees of the Company or any of its participating subsidiaries whose
customary employment is more than 20 hours per week and (i) who are employed by
the Company as of December 13, 1995 or (ii) who have completed at least 90 days
of employment, shall be eligible to receive options under the Plan to purchase
common stock of the Company, and all eligible employees shall have the same
rights and privileges hereunder.  Persons who are eligible employees on the
first business day of any Payment Period (as defined in Article 5) shall receive
their options as of such day.  Persons who become eligible employees after any
date on which options are granted under the Plan shall be granted options on the
first day of the next succeeding Payment Period on which options are granted to
eligible employees under the Plan.  In no event, however, may an employee be
granted an option if such employee, immediately after the option was granted,
would be treated as owning stock possessing five percent or more of the total
combined voting power or value of all classes of stock of the Company or of any
parent corporation or subsidiary corporation, as the terms "parent corporation"
and "subsidiary corporation" are defined in Section 424(e) and (f) of the Code.
For purposes of determining stock ownership under this paragraph, the rules of
Section 424(d) of the Code shall apply, and stock which the employee may
purchase under outstanding options shall be treated as stock owned by the
employee.

                                      18
<PAGE>

Article 4 - Stock Subject to the Plan.
-------------------------------------

  The stock subject to the options under the Plan shall be shares of the
Company's authorized but unissued common stock, par value $.01 per share (the
"Common Stock"), or shares of Common Stock reacquired by the Company, including
shares purchased in the open market.  The aggregate number of shares which may
be issued pursuant to the Plan is 140,000, subject to adjustment as provided in
Article 12.  If any option granted under the Plan shall expire or terminate for
any reason without having been exercised in full or shall cease for any reason
to be exercisable in whole or in part, the unpurchased shares subject thereto
shall again be available under the Plan.

Article 5 - Payment Period and Stock Options.
--------------------------------------------

  The first Payment Period during which payroll deductions will be accumulated
under the Plan shall commence on the date that the Common Stock of the Company
first begins trading in the public market, and shall end on December 31, 1996.
For the remainder of the duration of the Plan, Payment Periods shall consist of
the six-month periods commencing on December 1 and June 1 and ending on May 31
and November 30 of each twelve-month period, respectively.

  Twice each year, on the first business day of each Payment Period, the Company
will grant to each eligible employee who is then a participant in the Plan an
option to purchase on the last day of such Payment Period, at the Option Price
hereinafter provided for, a maximum of 300 shares, on condition that such
employee remains eligible to participate in the Plan throughout the remainder of
such Payment Period.  The participant shall be entitled to exercise the option
so granted only to the extent of the participant's accumulated payroll
deductions on the last day of such Payment Period.  If the participant's
accumulated payroll deductions on the last day of the Payment Period would
enable the participant to purchase more than 300 shares except for the 300-share
limitation, the excess of the amount of the accumulated payroll deductions over
the aggregate purchase price of the 300 shares shall be promptly refunded to the
participant by the Company, without interest.  The Option Price per share for
each Payment Period shall be the lesser of (i) 85% of the average market price
of the Common Stock on the first business day of the Payment Period and (ii) 85%
of the average market price of the Common Stock on the last business day of the
Payment Period, in either event rounded up to avoid fractions of a dollar other
than 1/4, 1/2 and 3/4.  The foregoing limitation on the number of shares subject
to option and the Option Price shall be subject to adjustment as provided in
Article 12.

  For purposes of the Plan, "average market price of the Common Stock" shall, on
the first business day of the first Payment Period, be the public offering price
on the effective date of the Company's initial public offering, and for any
other date shall be (i) the average (on that date) of the high and low prices of
the Common Stock on the principal national securities exchange on which the
Common Stock is traded, if the Common Stock is then traded on a national
securities exchange; or (ii) the last reported sale price (on that date) of the
Common Stock on the NASDAQ Stock Market, if the Common Stock is not then traded
on a national securities exchange; or (iii) the average of the closing bid and
asked prices last quoted (on that date) by an established quotation service for
over-the-counter securities, if the Common Stock is not reported on the NASDAQ
Stock Market; or (iv) if the Common Stock is not publicly traded, the fair
market value of the Common Stock as determined by the Committee after taking
into consideration all factors which it deems appropriate, including, without
limitation, recent sale and offer prices of the Common Stock in private
transactions negotiated at arm's length.

  For purposes of the Plan, the term "business day" means a day on which there
is trading on the NASDAQ National Market or the aforementioned national
securities exchange, whichever is applicable pursuant to the preceding
paragraph; and if neither is applicable, a day that is not a Saturday, Sunday or
legal holiday in the Commonwealth of Massachusetts.

  No employee shall be granted an option which permits the employee's right to
purchase stock under the Plan, and under all other Section 423(b) employee stock
purchase plans of the Company and any parent or subsidiary corporations, to
accrue at a rate which exceeds $25,000 of fair market value of such

                                      19
<PAGE>

stock (determined on the date or dates that options on such stock were granted)
for each calendar year in which such option is outstanding at any time. The
purpose of the limitation in the preceding sentence is to comply with Section
423(b)(8) of the Code. If the participant's accumulated payroll deductions on
the last day of the Payment Period would otherwise enable the participant to
purchase Common Stock in excess of the Section 423(b)(8) limitation described in
this paragraph, the excess of the amount of the accumulated payroll deductions
over the aggregate purchase price of the shares actually purchased shall be
promptly refunded to the participant by the Company, without interest.

Article 6 - Exercise of Option.
------------------------------

  Each eligible employee who continues to be a participant in the Plan on the
last day of a Payment Period shall be deemed to have exercised his or her option
on such date and shall be deemed to have purchased from the Company such number
of full shares of Common Stock reserved for the purpose of the Plan as the
participant's accumulated payroll deductions on such date will pay for at the
Option Price, subject to the 300-share limit of the option and the Section
423(b)(8) limitation described in Article 5.  If the individual is not a
participant on the last day of a Payment Period, the he or she shall not be
entitled to exercise his or her option.  Only full shares of Common Stock may be
purchased under the Plan.  Unused payroll deductions remaining in a
participant's account at the end of a Payment Period by reason of the inability
to purchase a fractional share shall be carried forward to the next Payment
Period.

Article 7 - Authorization for Entering the Plan.
-----------------------------------------------

  An employee may elect to enter the Plan by filling out, signing and delivering
to the Company an authorization:

  A. Stating the percentage to be deducted regularly from the employee's pay;

  B. Authorizing the purchase of stock for the employee in each Payment Period
   in accordance with the terms of the Plan; and

  C. Specifying the exact name or names in which stock purchased for the
   employee is to be issued as provided under Article 11 hereof.

Such authorization must be received by the Company at least ten business days
before the first day of the next succeeding Payment Period and shall take effect
only if the employee is an eligible employee on the first business day of such
Payment Period.

  Unless a participant files a new authorization or withdraws from the Plan, the
deductions and purchases under the authorization the participant has on file
under the Plan will continue from one Payment Period to succeeding Payment
Periods as long as the Plan remains in effect.

  The Company will accumulate and hold for each participant's account the
amounts deducted from his or her pay.  No interest will be paid on these
amounts.

Article 8 - Maximum Amount of Payroll Deductions.
------------------------------------------------

  An employee may authorize payroll deductions in an amount (expressed as a
whole percentage) not less than one percent (1%) but not more than ten percent
(10%) of the employee's total compensation, including base pay or salary and any
overtime, bonuses or commissions.

Article 9 - Change in Payroll Deductions.
----------------------------------------

  Deductions may not be increased or decreased during a Payment Period.
However, a participant may withdraw in full from the Plan.

                                      20
<PAGE>

Article 10 - Withdrawal from the Plan.
-------------------------------------

  A participant may withdraw from the Plan (in whole but not in part) at any
time prior to the last day of a Payment Period by delivering a withdrawal notice
to the Company.

  To re-enter the Plan, an employee who has previously withdrawn must file a new
authorization at least ten business days before the first day of the next
Payment Period in which he or she wishes to participate.  The employee's re-
entry into the Plan becomes effective at the beginning of such Payment Period,
provided that he or she is an eligible employee on the first business day of the
Payment Period.

Article 11 - Issuance of Stock.
------------------------------

  Certificates for stock issued to participants shall be delivered as soon as
practicable after each Payment Period by the Company's transfer agent.

  Stock purchased under the Plan shall be issued only in the name of the
participant, or if the participant's authorization so specifies, in the name of
the participant and another person of legal age as joint tenants with rights of
survivorship.

Article 12 - Adjustments.
------------------------

  Upon the happening of any of the following described events, a participant's
rights under options granted under the Plan shall be adjusted as hereinafter
provided:

  A. In the event that the shares of Common Stock shall be subdivided or
   combined into a greater or smaller number of shares or if, upon a
   reorganization, split-up, liquidation, recapitalization or the like of the
   Company, the shares of Common Stock shall be exchanged for other securities
   of the Company, each participant shall be entitled, subject to the conditions
   herein stated, to purchase such number of shares of Common Stock or amount of
   other securities of the Company as were exchangeable for the number of shares
   of Common Stock that such participant would have been entitled to purchase
   except for such action, and appropriate adjustments shall be made in the
   purchase price per share to reflect such subdivision, combination or
   exchange; and

  B. In the event the Company shall issue any of its shares as a stock dividend
   upon or with respect to the shares of stock of the class which shall at the
   time be subject to option hereunder, each participant upon exercising such an
   option shall be entitled to receive (for the purchase price paid upon such
   exercise) the shares as to which the participant is exercising his or her
   option and, in addition thereto (at no additional cost), such number of
   shares of the class or classes in which such stock dividend or dividends were
   declared or paid, and such amount of cash in lieu of fractional shares, as is
   equal to the number of shares thereof and the amount of cash in lieu of
   fractional shares, respectively, which the participant would have received if
   the participant had been the holder of the shares as to which the participant
   is exercising his or her option at all times between the date of the granting
   of such option and the date of its exercise.

  Upon the happening of any of the foregoing events, the class and aggregate
number of shares set forth in Article 4 hereof which are subject to options
which have been or may be granted under the Plan and the limitations set forth
in the second paragraph of Article 5 shall also be appropriately adjusted to
reflect the events specified in paragraphs A and B above.  Notwithstanding the
foregoing, any adjustments made pursuant to paragraphs A or B shall be made only
after the Committee, based on advice of counsel for the Company, determines
whether such adjustments would constitute a "modification" (as that term is
defined in Section 424 of the Code).  If the Committee determines that such
adjustments would constitute a modification, it may refrain from making such
adjustments.

  If the Company is to be consolidated with or acquired by another entity in a
merger, a sale of all or substantially all of the Company's assets or otherwise
(an "Acquisition"), the Committee or the board of directors of any entity
assuming the obligations of the Company hereunder (the "Successor Board") shall,
with respect to options then outstanding under the Plan, either (i) make
appropriate provision for the

                                      21
<PAGE>

continuation of such options by arranging for the substitution on an equitable
basis for the shares then subject to such options either (a) the consideration
payable with respect to the outstanding shares of the Common Stock in connection
with the Acquisition, (b) shares of stock of the successor corporation, or a
parent or subsidiary of such corporation, or (c) such other securities as the
Successor Board deems appropriate, the fair market value of which shall not
materially exceed the fair market value of the shares of Common Stock subject to
such options immediately preceding the Acquisition; or (ii) terminate each
participant's options in exchange for a cash payment equal to the excess of (a)
the fair market value on the date of the Acquisition, of the number of shares of
Common Stock that the participant's accumulated payroll deductions as of the
date of the Acquisition could purchase, at an option price determined with
reference only to the first business day of the applicable Payment Period and
subject to the 300-share, Code Section 423(b)(8) and fractional-share
limitations on the amount of stock a participant would be entitled to purchase,
over (b) the result of multiplying such number of shares by such option price.

  The Committee or Successor Board shall determine the adjustments to be made
under this Article 12, and its determination shall be conclusive.

Article 13 - No Transfer or Assignment of Employee's Rights.
-----------------------------------------------------------

  An option granted under the Plan may not be transferred or assigned and may be
exercised only by the participant.

Article 14 - Termination of Employee's Rights.
---------------------------------------------

  Whenever a participant ceases to be an eligible employee because of
retirement, voluntary or involuntary termination, resignation, layoff,
discharge, death or for any other reason, his or her rights under the Plan shall
immediately terminate, and the Company shall promptly refund, without interest,
the entire balance of his or her payroll deduction account under the Plan.
Notwithstanding the foregoing, eligible employment shall be treated as
continuing intact while a participant is on military leave, sick leave or other
bona fide leave of absence, for up to 90 days, or for so long as the
participant's right to re-employment is guaranteed either by statute or by
contract, if longer than 90 days.

  If a participant's payroll deductions are interrupted by any legal process, a
withdrawal notice will be considered as having been received from the
participant on the day the interruption occurs.

Article 15 - Termination and Amendments to Plan.
-----------------------------------------------

  Unless terminated sooner as provided below, the Plan shall terminate on
December 12, 2005.  The Plan may be terminated at any time by the Company's
Board of Directors but such termination shall not affect options then
outstanding under the Plan.  It will terminate in any case when all or
substantially all of the unissued shares of stock reserved for the purposes of
the Plan have been purchased.  If at any time shares of stock reserved for the
purpose of the Plan remain available for purchase but not in sufficient number
to satisfy all then unfilled purchase requirements, the available shares shall
be apportioned among participants in proportion to the amount of payroll
deductions accumulated on behalf of each participant that would otherwise be
used to purchase stock, and the Plan shall terminate.  Upon such termination or
any other termination of the Plan, all payroll deductions not used to purchase
stock will be refunded, without interest.

  The Committee or the Board of Directors may from time to time adopt amendments
to the Plan provided that, without the approval of the stockholders of the
Company, no amendment may (i) increase the number of shares that may be issued
under the Plan; (ii) change the class of employees eligible to receive options
under the Plan, if such action would be treated as the adoption of a new plan
for purposes of Section 423(b) of the Code; or (iii) cause Rule 16b-3 under the
Securities Exchange Act of 1934 to become inapplicable to the Plan.

                                      22
<PAGE>

Article 16 - Limits on Sale of Stock Purchased under the Plan.
-------------------------------------------------------------

  The Plan is intended to provide shares of Common Stock for investment and not
for resale.  The Company does not, however, intend to restrict or influence any
employee in the conduct of his or her own affairs.  An employee may, therefore,
sell stock purchased under the Plan at any time the employee chooses, subject to
compliance with any applicable federal or state securities laws, subject to any
applicable policies of the Company governing sale by employees of shares of
Common Stock, and subject to any restrictions imposed under Article 21 to ensure
that tax withholding obligations are satisfied.  THE EMPLOYEE ASSUMES THE RISK
OF ANY MARKET FLUCTUATIONS IN THE PRICE OF THE STOCK.

Article 17 - Participating Subsidiaries.
---------------------------------------

  The term "participating subsidiary" shall mean any present or future
subsidiary of the Company, as that term is defined in Section 424(f) of the
Code, which is designated from time to time by the Board of Directors to
participate in the Plan.  The Board of Directors shall have the power to make
such designation before or after the Plan is approved by the stockholders.

Article 18 - Optionees Not Stockholders.
---------------------------------------

  Neither the granting of an option to an employee nor the deductions from his
or her pay shall constitute such employee a stockholder of the shares covered by
an option until such shares have been actually purchased by the employee.

Article 19 - Application of Funds.
---------------------------------

  The proceeds received by the Company from the sale of Common Stock pursuant to
options granted under the Plan will be used for general corporate purposes.

Article 20 - Notice to Company of Disqualifying Disposition.
-----------------------------------------------------------

  By electing to participate in the Plan, each participant agrees to notify the
Company in writing immediately after the participant transfers Common Stock
acquired under the Plan, if such transfer occurs within two years after the
first business day of the Payment Period in which such Common Stock was
acquired.  Each participant further agrees to provide any information about such
a transfer as may be requested by the Company or any subsidiary corporation in
order to assist it in complying with the tax laws.  Such dispositions generally
are treated as "disqualifying dispositions" under Sections 421 and 424 of the
Code, which have certain tax consequences to participants and to the Company and
its participating subsidiaries.

Article 21 - Withholding of Additional Income Taxes.
---------------------------------------------------

  By electing to participate in the Plan, each participant acknowledges that the
Company and its participating subsidiaries are required to withhold taxes with
respect to the amounts deducted from the participant's compensation and
accumulated for the benefit of the participant under the Plan, and each
participant agrees that the Company and its participating subsidiaries may
deduct additional amounts from the participant's compensation, when amounts are
added to the participant's account, used to purchase Common Stock or refunded,
in order to satisfy such withholding obligations.  Each participant further
acknowledges that when Common Stock is purchased under the Plan the Company and
its participating subsidiaries may be required to withhold taxes with respect to
all or a portion of the difference between the fair market value of the Common
Stock purchased and its purchase price, and each participant agrees that such
taxes may be withheld from compensation otherwise payable to such participant.
It is intended that tax withholding will be accomplished in such a manner that
the full amount of payroll deductions elected by the participant under Article 7
will be used to purchase Common Stock.  However, if amounts sufficient to
satisfy applicable tax withholding obligations have not been withheld from
compensation otherwise payable to any participant, then, notwithstanding any
other provision of the Plan, the Company may withhold such taxes from the
participant's accumulated payroll deductions and apply the net amount to the
purchase of Common Stock, unless the participant pays to the Company, prior to
the exercise date, an

                                      23
<PAGE>

amount sufficient to satisfy such withholding obligations. Each participant
further acknowledges that the Company and its participating subsidiaries may be
required to withhold taxes in connection with the disposition of stock acquired
under the Plan and agrees that the Company or any participating subsidiary may
take whatever action it considers appropriate to satisfy such withholding
requirements, including deducting from compensation otherwise payable to such
participant an amount sufficient to satisfy such withholding requirements or
conditioning any disposition of Common Stock by the participant upon the payment
to the Company or such subsidiary of an amount sufficient to satisfy such
withholding requirements.

Article 22 - Governmental Regulations.
-------------------------------------

  The Company's obligation to sell and deliver shares of Common Stock under the
Plan is subject to the approval of any governmental authority required in
connection with the authorization, issuance or sale of such shares.

  Government regulations may impose reporting or other obligations on the
Company with respect to the Plan.  For example, the Company may be required to
identify shares of Common Stock issued under the Plan on its stock ownership
records and send tax information statements to employees and former employees
who transfer title to such shares.

Article 23 - Governing Law.
--------------------------

  The validity and construction of the Plan shall be governed by the laws of the
State of Delaware, without giving effect to the principles of conflicts of law
thereof.

Article 24 - Approval of Board of Directors and Stockholders of the Company.
---------------------------------------------------------------------------

  The Plan was adopted by the Board of Directors on December 13, 1995 and was
approved by the stockholders of the Company on December 13, 1995; and the Plan
was amended on July 10, 1998 by action of the Compensation Committee of the
Board of Directors.

                                      24

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