Document:

AMENDMENT NO. 2 TO LOAN AND SECURITY AGREEMENT

                           J.B. POINDEXTER & CO, INC.
                              1100 Louisiana Street

                                   Suite 5400

                              Houston, Texas 77002

                                                            As of June 30, 1998

Congress Financial Corporation
1133 Avenue of the Americas
New York, New York 10036

Gentlemen:

     Congress  Financial  Corporation  ("Lender"),  J.B.  Poindexter & Co., Inc.
("Borrower"),  EFP Corporation  ("EFP"),  Lowy Group,  Inc.  ("Lowy"),  Magnetic
Instruments Corp. ("MIC"), Morgan Trailer Mfg. Co. ("Morgan"), Truck Accessories
Group, Inc. ("TAG"),  and Raider  Industries Inc.  ("Raider";  and together with
EFP,  Lowy,  MIC,  Morgan  and  TAG,  each  individually,   a  "Guarantor"  and,
collectively,  "Guarantors") have entered into certain financing arrangements as
set forth in the Loan and Security Agreement,  dated as of June 28, 1996, by and
among Lender, Borrower and Guarantors (as heretofore amended or may hereafter be
amended, modified,  supplemented,  extended,  renewed, restated or replaced, the
"Loan Agreement"),  together with all other agreements,  documents,  supplements
and  instruments  now or at any time  hereafter  executed  and/or  delivered  by
Borrower,  Guarantors  or any other  person,  with,  to or in favor of Lender in
connection therewith (all of the foregoing, together with this Amendment and the
other agreements and instruments  delivered hereunder,  as the same now exist or
may hereafter be amended, modified, supplemented, extended, renewed, restated or
replaced,  collectively,  the  "Financing  Agreements").  For  purposes  of this
Amendment,  unless otherwise defined herein,  all capitalized terms used herein,
shall have the respective meanings ascribed to them in the Loan Agreement.

         Borrower and Guarantors  have requested that Lender increase the amount
of  Indebtedness  of Borrower or any Obligor  permitted  to be  oustanding  from
$2,000,000  to  $3,000,000  in respect of the  financing of  insurance  premiums
payable on certain insurance policies maintained by Borrower or Obligors. Lender
is willing to do so to the extent and  subject to the terms and  conditions  set
forth herein.

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         In consideration of the foregoing,  the mutual agreements and covenants
contained  in  this  Amendment  No.  2 to  Loan  and  Security  Agreement  (this
"Amendment"),  and other  good and  valuable  consideration,  the  adequacy  and
sufficiency of which are hereby  acknowledged,  Borrower,  Guarantors and Lender
agree as follows:

1.      Indebtedness.  Section 9.9(k) of the Loan Agreement is hereby amended by
deleting the reference to the ------------ figure "$2,000,000" contained therein
and replacing it with the following figure: "$3,000,000".

1.      Representations, Warranties and Covenants. In addition to the continuing
representations,  warranties  and  covenants  heretofore  or  hereafter  made by
Borrower or Guarantors  to Lender  pursuant to the other  Financing  Agreements,
Borrower and  Guarantors  hereby  represent,  warrant and  covenant  with and to
Lenders  as  follows  (which  representations,   warranties  and  covenants  are
continuing  and shall  survive the  execution  and delivery  hereof and shall be
incorporated into and made a part of the Financing Agreements):

2.

(a)      This  Amendment  has been duly  authorized,  executed and  delivered by
Borrower and  Guarantors,  and the  agreements  and  obligations of Borrower and
Guarantors  contained herein constitute legal, valid and binding  obligations of
Borrower  and  Guarantors   enforceable   against  Borrower  and  Guarantors  in
accordance with their respective terms.
(b)

(i)       Neither  the  execution  and  delivery  of  this  Amendment,  nor  the
modifications to the Financing  Agreements  contemplated by this Amendment shall
violate any applicable law or regulation, or any order or decree of any court or
any governmental  instrumentality  in any respect or does or shall conflict with
or result in the breach of, or  constitute a default in any respect  under,  any
indenture,  or  any  material  mortgage,  deed  of  trust,  security  agreement,
agreement or instrument to which  Borrower or any Guarantor is a party or may be
bound, or violate any provision of the  organizational  documents of Borrower or
Guarantors.
(ii)
(c)       All of the  representations  and  warranties  set  forth  in the  Loan
Agreement as amended hereby,  and the other Financing  Agreements,  are true and
correct in all material respects,  except to the extent any such  representation
or warranty is made as of a specified date, in which case such representation or
warranty shall have been true and correct as of such date.
(d)
(e)       No Event of Default exists on the date of this Amendment (after giving
effect to the amendments to the Loan Agreement provided in this Amendment).
(f)
3.        Conditions Precedent.  The  effectiveness  of the amendments set forth
herein  shall be subject to the receipt by Lender of each of the  following,  in
form and substance satisfactory to Lender:

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4.
(a)      an original of this Amendment, duly authorized,  executed and delivered
by Borrower and Guarantors;
(b)

(c)      after giving effect to the amendments to the Loan Agreement provided in
this  Amendment,  no Event of Default shall exist or have occurred and no event,
act or  condition  shall have  occurred or exist which with notice or passage of
time or both would constitute an Event of Default.
(d)
(e)
5.       Effect  of this  Amendment.  This  Amendment  and the  instruments  and
agreements  delivered  pursuant  hereto  constitute the entire  agreement of the
parties with respect to the subject matter hereof and thereof, and supersede all
prior  oral  or  written  communications,  memoranda,  proposals,  negotiations,
discussions,  term sheets and  commitments  with  respect to the subject  matter
hereof and  thereof.  Except for the  specific  amendments  expressly  set forth
herein,  no other changes or modifications to the Financing  Agreements,  and no
waivers of any  provisions  thereof are  intended  or implied,  and in all other
respects the Financing Agreements are hereby specifically ratified, restated and
confirmed by all parties hereto as of the date hereof. To the extent of conflict
between the terms of this  Amendment  and the other  Financing  Agreements,  the
terms of this  Amendment  shall  control.  The Loan Agreement and this Amendment
shall be read and construed as one agreement.
6.
7.      Further  Assurances.  Borrower shall execute and deliver such additional
documents  and take such  additional  action as may be  reasonably  requested by
Lender to effectuate the provisions and purposes of this Amendment.
8.
9.       Governing  Law.  The rights and  obligations  hereunder  of each of the
parties hereto shall be governed by and interpreted and determined in accordance
with the  internal  laws of the  State of New York  (without  giving  effect  to
principles of conflicts of law).
1.       Binding  Effect. This Amendment  shall be binding upon and inure to the
benefit  of each of the  parties  hereto  and their  respective  successors  and
assigns.
2.
3.       Counterparts.   This  Amendment  may  be  executed  in  any  number  of
counterparts, but all of such counterparts shall together constitute but one and
the same agreement. In making proof of this Amendment, it shall not be necessary
to produce or account for more than one  counterpart  thereof  signed by each of
the parties hereto.
4.
5.      Please sign in the space provided below and return a counterpart of this
Amendment,  whereupon  this  Amendment,  as so agreed to and accepted by Lender,
shall become a binding agreement among Borrower, Guarantors and Lender.
6.
7.                                              Very truly yours,
8.

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<PAGE>

9.                                               J.B. POINDEXTER & CO., INC.
10.
11.                                              By: __________________________
12.
13.                                              Title: _______________________
14.
15.
16.      AGREED AND ACCEPTED:
17.
18.      CONGRESS FINANCIAL CORPORATION
19.
20.      By: ___________________________
21.
22.      Title: ________________________
23.
24.
25.      ACKNOWLEDGED AND
26.      CONSENTED TO:
27.
28.      EFP CORPORATION
29.
30.      By: __________________________
31.
32.      Title: _______________________
33.
34.
35.      LOWY GROUP, INC.
36.
37.      By: __________________________
38.
39.      Title: _______________________
40.
41.
42.
43.
44.
45.
                            [SIGNATURES CONTINUE ON NEXT PAGE]

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                         [SIGNATURES CONTINUED FROM PREVIOUS PAGE]

MAGNETIC INSTRUMENTS CORP.

By: __________________________

Title: _______________________

MORGAN TRAILER MFG. CO.

By: __________________________

Title: _______________________

TRUCK ACCESSORIES GROUP, INC.

By: __________________________

Title: _______________________

RAIDER INDUSTRIES INC.

By: __________________________

Title: _______________________AMENDMENT NO. 3 TO LOAN AND SECURITY AGREEMENT

                           J.B. POINDEXTER & CO, INC.
                              1100 Louisiana Street

                                   Suite 5400

                              Houston, Texas 77002

                                                               June __, 1999

Congress Financial Corporation
1133 Avenue of the Americas
New York, New York 10036

Ladies and Gentlemen:

     Congress  Financial  Corporation  ("Lender"),  J.B.  Poindexter & Co., Inc.
("Borrower"),  EFP Corporation  ("EFP"),  Lowy Group,  Inc.  ("Lowy"),  Magnetic
Instruments Corp. ("MIC"), Morgan Trailer Mfg. Co. ("Morgan"), Truck Accessories
Group, Inc. ("TAG"),  and Raider  Industries Inc.  ("Raider";  and together with
EFP,  Lowy,  MIC,  Morgan  and  TAG,  each  individually,   a  "Guarantor"  and,
collectively,  "Guarantors") have entered into certain financing arrangements as
set forth in the Loan and Security Agreement,  dated as of June 28, 1996, by and
among Lender, Borrower and Guarantors, as amended by Amendment No. 1 to Loan and
Security  Agreement,  dated May 13,  1998,  by and among  Lender,  Borrower  and
Guarantors, Amendment No. 2 to Loan and Security Agreement, dated as of June 30,
1998, by and among Lender, Borrower and Guarantors (and as amended hereby and as
heretofore  amended  or  may  hereafter  be  amended,  modified,   supplemented,
extended,  renewed,  restated or replaced, the "Loan Agreement"),  together with
all other agreements,  documents, supplements and instruments now or at any time
hereafter executed and/or delivered by Borrower, Guarantors or any other person,
with, to or in favor of Lender in connection  therewith  (all of the  foregoing,
together with this Amendment and the other agreements and instruments  delivered
hereunder,  as the  same  now  exist  or may  hereafter  be  amended,  modified,
supplemented,   extended,  renewed,  restated  or  replaced,  collectively,  the
"Financing  Agreements").  For  purposes  of this  Amendment,  unless  otherwise
defined  herein,  all capitalized  terms used herein,  shall have the respective
meanings ascribed to them in the Loan Agreement.

         Borrower  and  Guarantors  have  requested  that Lender  amend  Section
9.7(b)(viii)(E)  of the Loan  Agreement  to decrease the number of days by which
Lender must receive prior written  notice of a sale of assets by Borrower or any
Obligor.  Lender is willing to do so to the extent and  subject to the terms and
conditions set forth herein.

         In consideration of the foregoing,  the mutual agreements and covenants
contained  in  this  Amendment  No.  3 to  Loan  and  Security  Agreement  (this
"Amendment"),  and other  good and  valuable  consideration,  the  adequacy  and

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sufficiency of which are hereby  acknowledged,  Borrower,  Guarantors and Lender
agree as follows:

1.       Sale  of  Assets,  Consolidation,  Merger,  Dissolution,  Etc.  Section
9.7(b)(viii)(E)  of the  Loan  Agreement  is  hereby  amended  by  deleting  the
reference to "ten (10) Business Days" contained  therein and substituting  "five
(5) Business Days" therefor.

1. Effect of this  Amendment.  Except for the specific  amendment  expressly set
forth herein, no other changes or modifications to the Financing Agreements, and
no waivers of any provisions  thereof are intended or implied,  and in all other
respects the Financing Agreements are hereby specifically ratified, restated and
confirmed by all parties hereto as of the date hereof. To the extent of conflict
between the terms of this  Amendment  and the other  Financing  Agreements,  the
terms of this  Amendment  shall  control.  The Loan Agreement and this Amendment
shall be read and construed as one agreement.
2.
3.       Governing  Law.  The rights and  obligations  hereunder  of each of the
parties hereto shall be governed by and interpreted and determined in accordance
with the  internal  laws of the  State of New York  (without  giving  effect  to
principles of conflicts of law).
4.
5.       Binding  Effect. This  Amendment shall be binding upon and inure to the
benefit  of each of the  parties  hereto  and their  respective  successors  and
assigns.
6.
7.       Counterparts.   This  Amendment  may  be  executed  in  any  number  of
counterparts, but all of such counterparts shall together constitute but one and
the same agreement. In making proof of this Amendment, it shall not be necessary
to produce or account for more than one  counterpart  thereof  signed by each of
the parties hereto.
8.
9.      Please sign in the space provided below and return a counterpart of this
Amendment,  whereupon  this  Amendment,  as so agreed to and accepted by Lender,
shall become a binding agreement among Borrower, Guarantors and Lender.
10.
11.                                      Very truly yours,
12.
13.                                      J.B. POINDEXTER & CO., INC.
14.
15.                                      By: __________________________
16.
17.                                      Title: _______________________
18.
19.
                       [SIGNATURES CONTINUE ON NEXT PAGE]

                    [SIGNATURES CONTINUED FROM PREVIOUS PAGE]

AGREED AND ACCEPTED:

CONGRESS FINANCIAL CORPORATION

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<PAGE>

By: ___________________________

Title: ________________________

ACKNOWLEDGED AND
CONSENTED TO:

EFP CORPORATION

By: __________________________

Title: _______________________

LOWY GROUP, INC.

By: __________________________

Title: _______________________

MAGNETIC INSTRUMENTS CORP.

By: __________________________

Title: _______________________

MORGAN TRAILER MFG. CO.

By: __________________________

Title: _______________________

                       [SIGNATURES CONTINUE ON NEXT PAGE]

                    [SIGNATURES CONTINUED FROM PREVIOUS PAGE]

TRUCK ACCESSORIES GROUP, INC.

By: __________________________

Title: _______________________

RAIDER INDUSTRIES INC.

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<PAGE>

By: __________________________

Title: _______________________

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