Document:

EXHIBIT 10.1

                           AMENDMENT NO. 1 AND WAIVER

      This Amendment No. 1 and Waiver dated as of May 12, 2000 ("Agreement") is
among The York Group, Inc., a Delaware corporation ("Borrower"), the lenders
party to the Credit Agreement described below ("Lenders"), and ABN AMRO Bank
N.V., a Netherlands chartered bank, in its capacity as administrative agent for
the Lenders (in such capacity, the "Administrative Agent").

                                  INTRODUCTION

      A. The Borrower, the Administrative Agent and the Lenders are parties to
the Amended and Restated Credit Agreement dated as of August 12, 1999, as
modified by the Forbearance Agreement and Consent dated as of May 10, 2000 (as
so modified, the "Credit Agreement").

      B. The Borrower, the Administrative Agent and the Lenders wish to, subject
to the terms and conditions of this Agreement, (1) consent and agree to certain
changes to the Credit Agreement, (2) acknowledge the existence of certain
Defaults and Events of Default (each as defined in the Credit Agreement), and
(3) provide for a waiver of such existing Defaults and Events of Default.

      THEREFORE, the Borrower, the Administrative Agent and the Lenders hereby
agree as follows:

      Section 1. DEFINITIONS; REFERENCES. Unless otherwise defined in this
Agreement, each term used in this Agreement which is defined in the Credit
Agreement has the meaning assigned to such term in the Credit Agreement.

      Section 2. WAIVER; AMENDMENTS.

      (a)   WAIVER.

            (i) The Borrower hereby acknowledges the existence of the following
Defaults and Events of Default (collectively, the "Existing Defaults"): (A) the
failure of the Borrower to timely deliver the documents that were required to be
delivered to the Administrative Agent and the Lenders in accordance with Section
6.29 and 6.30 of the Credit Agreement, (B) the failure of the Borrower to timely
deliver consolidating balance sheets of the Borrower and its Subsidiaries for
the period ended December 31, 1999 pursuant to the requirements of Section
6.7(a)(ii), and (C) the failure of the Borrower to comply with the requirements
of Sections 6.26 and 6.27 of the Credit Agreement for the period ended March 31,
2000.

            (ii) The Lenders hereby agree, subject to the terms of this
Agreement, to waive the Existing Defaults. The waiver by the Lenders described
in the preceding sentence is contingent upon the satisfaction of the conditions
precedent set forth below and is limited to the Existing Defaults. This waiver
is limited to the extent described herein and shall not be construed to be a

<PAGE>
consent to or a permanent waiver of the Sections covered by the Existing
Defaults or any other terms, provisions, covenants, warranties or agreements
contained in the Credit Agreement or in any of the other Credit Documents. The
Lenders reserve the right to exercise any rights and remedies available to them
in connection with any other present or future defaults with respect to the
Credit Agreement or any other provision of any Credit Document.

      (b)   AMENDMENTS.  The Credit Agreement shall be amended as follows:

            (i) DEFINITIONS. The definitions of "Applicable Margin" and
"Consolidated Current Liabilities" set forth in Section 1 of the Credit
Agreement are deleted and replaced in their entirety with the following new
definitions of "Applicable Margin" of "Consolidated Current Liabilities":

            "APPLICABLE MARGIN" means (a) with respect to any Eurodollar Loan or
      the calculation of any fee owing in respect of Letters of Credit, 2.25%,
      and (b) with respect to any Base Rate Loan, 1.25%; PROVIDED that, the
      percentages set forth in the preceding clauses (a) and (b) shall each be
      increased by an amount equal to 1.00% on September 1, 2000.

            "CONSOLIDATED CURRENT LIABILITIES" means, as of any date of
      determination, the total amount of the current liabilities of the Borrower
      and its Subsidiaries existing as of such date determined on a consolidated
      basis in accordance with GAAP; PROVIDED that, with respect to determining
      "Consolidated Current Liabilities" as of June 30, 2000 and September 30,
      2000, the current portion of any long-term Debt of the Borrower and its
      Subsidiaries existing as of such dates shall be deducted to the extent
      such current portion is included in such current liabilities.

            (ii) FEES. Clause (a) of Section 3.1 of the Credit Agreement is
deleted in its entirety and replaced with the following new clause (a):

      (a) The Borrower agrees to pay to the Administrative Agent for the account
      of each Lender a facility fee on the average daily amount of such Lenders'
      respective Revolving Credit Commitments from the effective date of the
      Amendment No. 1 and Waiver of this Agreement until the Revolving Credit
      Commitment Termination Date, at a rate equal to .50% per annum (computed
      on a basis of a 360-day year and for the actual days elapsed). Such fee
      shall be payable monthly in arrears commencing on May 31, 2000, and on the
      last day of each calendar month thereafter and on the Maturity Date
      applicable to the Revolving Loans, unless the Revolving Credit Commitments
      are terminated in whole on an earlier date, in which event the facility
      fee for the period to but not including the date of termination shall be
      paid in whole on the date of such termination.

            (iii) DIVIDENDS, ETC. Clause (a) of Section 6.11 of the Credit
Agreement is hereby deleted and replaced in its entirety with the following new
clause (a):

                                      -2-
<PAGE>
            (a) The Borrower shall not redeem, purchase or otherwise acquire any
      shares of its capital stock or declare or pay any dividends on its capital
      stock (other than dividends paid in kind) or make any distribution or
      payment to shareholders, or set aside funds for any such purpose.

            (iv)  FINANCIAL  COVENANTS.  Sections 6.26 and 6.27 are deleted in
their entirety and replaced with the following new Sections 6.26 and 6.27:

            Section 6.26. MINIMUM FIXED CHARGE COVERAGE RATIO. The Borrower will
      maintain a Fixed Charge Coverage Ratio as of the end of each calendar
      month for the twelve month period then ended of at least (i) for all
      calendar months ending on or before September 30, 2000, 2.00 to 1.00, and
      (ii) for all calendar months ending thereafter, 2.50 to 1.00.

            Section 6.27. MINIMUM EBITDA. The Borrower will maintain its EBITDA
      as of the end of each fiscal quarter for the fiscal quarter then ended of
      at least (i) for the calendar quarter ending June 30, 2000, $6,850,000,
      (ii) for the calendar quarter ending September 30, 2000, $6,625,000, (iii)
      for the calendar quarter ending December 31, 2000, $8,575,000, (iv) for
      the calendar quarter ending March 31, 2001, $9,000,000, and (v) for the
      calendar quarter ending June 30, 2001, $7,375,000.

      Section 3. REPRESENTATIONS AND WARRANTIES. The Borrower represents and
warrants to the Administrative Agent and the Lenders that:

      (a) After giving effect to this Agreement, all of the representations and
warranties of the Borrower and its Subsidiaries set forth in the Credit
Agreement and in the other Credit Documents are true and correct in all material
respects as of the date of this Agreement, except as a result of the
transactions expressly permitted under such Credit Agreement and Credit
Documents and except to the extent that any such representation or warranty
relates solely to an earlier date, in which case it shall have been true and
correct in all material respects as of such earlier date;

      (b) (i) The execution, delivery and performance of this Agreement are
within the corporate power and authority of the Borrower and have been duly
authorized by appropriate proceedings and (ii) this Agreement constitutes a
legal, valid and binding obligation of the Borrower enforceable in accordance
with its terms, except as limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the rights of creditors
generally and general principles of equity; and

      (c) Other than the Existing Defaults that have been waived pursuant to
this Agreement, no Default or Event of Default has occurred and is continuing.

      Section 4.  COVENANTS OF THE BORROWER AND ITS SUBSIDIARIES.

      (a) The Borrower hereby agrees to deliver to the Administrative Agent and
the Lenders (i) no later than June 15, 2000 all of the documents, instruments,
opinions and other agreements

                                      -3-
<PAGE>
required by Section 6.30 of the Credit Agreement, and (ii) no later than May 31,
2000, a mortgage on the property owned by Cercueil Lauziere Inc. in form and
substance satisfactory to the Administrative Agent.

      (b) The Borrower shall deliver to the Administrative Agent and the Lenders
on or before May 31, 2000, and on the last day of each calendar month occurring
thereafter, a written summary of the Borrower's discussions with, and options
provided by (if any), third parties occurring through such date with respect to
both (i) the refinancing of the Obligations and (ii) other recapitalization
alternatives for the Borrower.

      (c) The Borrower shall, subject to the terms of this clause (c), pay a
waiver and amendment fee to the Administrative Agent, for the account of each
Lender executing this Agreement on or before May 15, 2000, in an aggregate
amount equal to for each such Lender, .50% of the sum of (i) the Revolving
Credit Commitment of such Lender PLUS (ii) the aggregate outstanding principal
amount of the Term Loans made by such Lender existing on the date of this
Agreement. The waiver and amendment fee shall be due and payable in two
installments as follows: (i) 25% of such fee (i.e. the first .125% of such .50%)
shall be due and payable on the date of this Agreement, and (ii) the remaining
75% of such fee (i.e. the remaining .375% of such .50%) shall be due and payable
on August 31, 2000; PROVIDED that, if the Obligations are repaid in full on or
before the August 31, 2000 and all remaining Commitments of the Lenders have
been terminated, then in such event the second installment of such waiver and
amendment fee shall be forgiven and no such payment shall be due and owing.

Notwithstanding the .50% fee in clause (c) above, if the percentage determined
by dividing (1) the amendment fee paid to the Noteholders in respect of the
amendment to the Senior Note Purchase Agreement referred to in Section 6 below
by (2) the aggregate principal amount of the Senior Secured Notes on the date of
this Agreement ("Noteholder Fee Percentage") is higher than .50%, then the .50%
fee percentage referred to above shall instead be equal to the Noteholder Fee
Percentage, and the amount of the waiver and amendment fee shall be increased
accordingly. If any such adjustment is required, the additional amounts owing
under such fee shall be added to the amount already owing in respect of the
second installment to be paid on August 31, 2000.

      Section 5. REAFFIRMATION OF GUARANTORS. Each of the Guarantors hereby
acknowledges and agrees to the terms of this Agreement and agrees that its
respective guaranty obligations are hereby reaffirmed and acknowledged, as such
guaranty obligations have been amended hereby.

      Section 6. EFFECTIVENESS. This Agreement shall become effective, and the
amendments, consents and waiver provisions provided for herein shall be
effective as of the date of this Agreement (except that the changes made to the
definition of "Applicable Margin" shall be effective as of April 1, 2000), upon
the satisfaction of the following conditions precedent:

      (a) The Borrower, the Administrative Agent and the Majority Lenders shall
have delivered duly and validly executed originals (unless otherwise indicated)
of the following documents to the Administrative Agent;

                                      -4-
<PAGE>
            (i) this Agreement;

            (ii) an amendment to the Senior Note Purchase Agreement (which
amendment shall have become effective) (A) waiving the Existing Defaults and any
other defaults or events of default that may have occurred under the Senior Note
Purchase Agreement on or before the date of this Agreement, (B) incorporating
covenant adjustments to Sections 6.8, 7.2 and 7.15 (or, if applicable, modifying
the definitions of the terms used in such Sections) corresponding to the ones
contained herein and, in any event, resulting in such Sections and all other
covenants set forth in the Senior Note Purchase Agreement being no more onerous
than the covenants set forth in the Credit Agreement, and otherwise in form and
substance satisfactory to the Administrative Agent and the Majority Lenders;

            (iii) copies, certified as of the date of this Agreement by a
Responsible Officer of each of the Borrower and its Subsidiaries of (A) the
resolutions of the Board of Directors of each such Person approving this
Agreement, (B) the articles or certificate (as applicable) of incorporation and
bylaws of each such Person, and (C) all other documents evidencing other
necessary corporate action and governmental approvals, if any, with respect to
this Agreement and the other Credit Documents;

            (iv) certificates of a Responsible Officer of each of the Borrower
and its Subsidiaries certifying the names and true signatures of officers of
each such Person authorized to sign this Agreement and the other Credit
Documents to which each such Person is a party;

            (v) a favorable opinion of Locke, Liddell & Sapp LLP, counsel to the
Borrower and its Subsidiaries in form and substance satisfactory to the
Administrative Agent and the Majority Lenders; and

            (vi) such other documents, governmental certificates and agreements
as the Administrative Agent and the Majority Lenders may reasonably request.

      (b)   The  representations  and  warranties in this  Agreement  shall be
true and correct in all material respects; and

      (c)   On the date of this Agreement, the Borrower shall have paid:

            (i) the first installment of the waiver and amendment fee owing
pursuant to Section 4(c) above; and

            (ii) all costs and expenses which have been invoiced and are payable
pursuant to Section 10.13 of the Credit Agreement.

      SECTION 7. EFFECT ON CREDIT DOCUMENTS; ACKNOWLEDGMENTS AND AGREEMENTS.

                                      -5-
<PAGE>
      (a) Except as amended herein, the Credit Agreement and the Credit
Documents remain in full force and effect as originally executed. Except as
expressly set forth herein, nothing herein shall act as a waiver of any of the
Administrative Agent's or Lenders' rights under the Credit Documents.

      (b) This Agreement is a Credit Document for the purposes of the provisions
of the other Credit Documents. Without limiting the foregoing, any breach of
representations, warranties, and covenants under this Agreement may be a Default
or Event of Default under other Credit Documents.

      (c) The Borrower acknowledges that on the date hereof all Obligations are
payable without defense, offset, counterclaim or recoupment.

      (d) The Administrative Agent and the Lenders hereby expressly reserve all
of their rights, remedies, and claims under the Credit Documents. Except as
expressly provided in this Agreement, nothing in this Agreement shall constitute
a waiver or relinquishment (i) of any Default or Event of Default under any of
the Credit Documents, (ii) of any of the agreements, terms or conditions
contained in the Credit Documents, (iii) of any rights or remedies of the
Administrative Agent and Lenders with respect to the Credit Documents, or (iv)
of the rights of the Administrative Agent and the Lenders to collect the full
amounts owing to them under the Credit Documents.

      Section 8. CHOICE OF LAW. This Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of Texas.

      Section 9. COUNTERPARTS. This Agreement may be signed in any number of
counterparts, each of which shall be an original.

      THIS WRITTEN AGREEMENT AND THE CREDIT DOCUMENTS, AS DEFINED IN THE CREDIT
AGREEMENT, REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES.

      THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

                                      -6-
<PAGE>
      EXECUTED as of the 12th day of May, 2000.

                                    BORROWER AND GUARANTORS:

                                    THE YORK GROUP, INC.

                                    By: _______________________
                                    Name: _____________________
                                    Title: ____________________

                                    CERCUEIL LAUZIERE INC.
                                    COLONIAL GUILD, LTD.
                                    SHEIDOW BRONZE CORPORATION
                                    THE WILLIAMSBURG COMPANIES, INC.
                                    OREGON BRASS WORKS
                                    GORHAM BRONZE, LTD.
                                    COLONIAL GUILD TRADE COMPANY, INC.
                                    DIXIE VAULT TRADE COMPANY, INC.
                                    DOODY TRADE COMPANY, INC.
                                    ELDER DAVIS, INC.
                                    ELDER DAVIS TRADE COMPANY, INC.
                                    OMC INDUSTRIES, INC.
                                    OREGON CASKET COMPANY, INC.
                                    PUGET SOUND CASKET CO.
                                    STAR MANUFACTURING CORPORATION
                                    THE DOODY GROUP, INC.
                                    T.Y.G. COMPANY, INC.
                                    T.Y.G. TRADE COMPANY, INC.
                                    T.Y.G. TRADE II COMPANY, INC.
                                    WEST POINT CASKET COMPANY
                                    DIXIE VAULT COMPANY, INC.
                                    WEST POINT TRADE COMPANY, INC.
                                    YORK AGENCY, INC.
                                    YORK ACQUISITION CORP.
                                    YORKTOWNE ACQUISITION CORP.
                                    (For purposes of Section 5 only)

                                    By: _______________________
                                    Name: _____________________
                                    Title: ____________________

<PAGE>
                                    ADMINISTRATIVE AGENT AND LENDERS:

                                    ABN AMRO BANK N.V., as Administrative Agent

                                    By: _______________________
                                    Name: _____________________
                                    Title: ____________________

                                    By: _______________________
                                    Name: _____________________
                                    Title: ____________________

                                    ABN AMRO BANK N.V.

                                    By: _______________________
                                    Name: _____________________
                                    Title: ____________________

                                    By: _______________________
                                    Name: _____________________
                                    Title: ____________________

<PAGE>
                                    NATIONSBANK, N.A., dba BANK OF AMERICA,
                                    NATIONAL ASSOCIATION, successor by merger
                                    to Bank of America, Texas, N.A.

                                    By: _______________________
                                    Name: _____________________
                                    Title: ____________________

<PAGE>
                                    CHASE BANK TEXAS, N.A.

                                    By: _______________________
                                    Name: _____________________
                                    Title: ____________________

<PAGE>
                                    FIRST UNION NATIONAL BANK

                                    By: _______________________
                                    Name: _____________________
                                    Title: ____________________

<PAGE>
                                    WELLS FARGO BANK (TEXAS),
                                     NATIONAL ASSOCIATION

                                    By: _______________________
                                    Name: _____________________
                                    Title: ____________________749007.4                                                          EXECUTION COPY

                                                                    EXHIBIT 10.2
================================================================================

                              THE YORK GROUP, INC.

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

                                SECOND AMENDMENT

                            Dated as of May 12, 2000

                                  amending the

      Senior Note Purchase Agreement dated as of June 30, 1994, as amended

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

                     Senior Secured Notes due June 30, 2004

================================================================================

<PAGE>
                              THE YORK GROUP, INC.

                                SECOND AMENDMENT

                                          as of May 12, 2000

                  Re: Senior Secured Notes due June 30, 2004

THE VARIABLE ANNUITY LIFE
INSURANCE COMPANY
2929 Allen Parkway
Houston, TX 77019

Ladies and Gentlemen:

            THE YORK GROUP, INC., a Delaware corporation (the "COMPANY"),
hereby agrees with you as follows:

            SECTION 1. ORIGINAL NOTE PURCHASE AGREEMENT AND THE NOTES; PROPOSED
AMENDMENTS. Pursuant to the Senior Note Purchase Agreement dated as of June 30,
1994 entered into by the Company with you, as amended by a First Amendment dated
as of August 12, 1999 (as so amended, the "ORIGINAL NOTE PURCHASE AGREEMENT"),
the Company issued and sold $25,000,000 aggregate principal amount of its Senior
Secured Notes due June 30, 2004 (the "NOTES"). Unless the context otherwise
requires, capitalized terms used herein without definition have the respective
meanings ascribed thereto in the Original Note Purchase Agreement.

            The Company acknowledges the existence of certain Defaults and
Events of Default as hereinbelow described and proposes that you waive such
Defaults and Events of Default to the extent described below. Prior to or
concurrently with the execution and delivery of this Agreement, the Company is
also entering into a Forbearance Agreement and Consent with the lenders party to
the Credit Agreement and ABN AMRO Bank N.V., as Administrative Agent, and
Amendment No. 1 and Waiver in respect of the Credit Agreement (such Forbearance
Agreement and Consent and Amendment No. 1 and Waiver are collectively called the
"CREDIT AGREEMENT MODIFICATIONS"). In connection therewith the Company also
proposes to amend the Original Note Purchase Agreement as hereinafter set forth
(the Original Note Purchase Agreement as so amended are sometimes called the
"AMENDED NOTE PURCHASE AGREEMENT") and to increase the interest rate to be borne
by the Notes from and after September 1, 2000.

            SECTION 2. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The
Company represents and warrants to you as follows:

<PAGE>
                                       2

            Section 2.1. ORGANIZATION, AUTHORIZATION, ETC. The Company is a
corporation duly organized, validly existing and in good standing under the laws
of the State of Delaware, and has all requisite power and authority to execute,
deliver and perform its obligations under this Agreement and the Amended Note
Purchase Agreement and the amended Notes.

            The execution and delivery of this Agreement and the performance of
this Agreement and the Amended Note Purchase Agreement and the amended Notes
have been duly authorized by all necessary action on the part of the Company.
This Agreement and the Amended Note Purchase Agreement and the amended Notes are
legal, valid and binding obligations of the Company, enforceable against the
Company in accordance with their respective terms, except as enforceability may
be limited by (a) applicable bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium or other similar laws affecting the enforcement of
creditors' rights and remedies generally and (b) general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law).

            Section 2.2. COMPLIANCE WITH LAWS, OTHER INSTRUMENTS, ETC. The
execution, delivery and performance by the Company of this Agreement and the
Amended Note Purchase Agreement and the amended Notes do not and will not (a)
contravene, result in any breach of, or constitute a default under, or result in
the creation of any Lien in respect of any property of the Company or any of its
Subsidiaries under, any indenture, mortgage, deed of trust, loan, purchase or
credit agreement, lease, corporate charter or by-laws, or any other agreement or
instrument to which the Company or any of its Subsidiaries is bound or by which
the Company or any of its Subsidiaries or any of its properties may be bound or
affected, (b) conflict with or result in a breach of any of the terms,
conditions or provisions of any order, judgment, decree, or ruling of any court,
arbitrator or Governmental Authority applicable to the Company or any of its
Subsidiaries or (c) violate any provision of any statute or other rule or
regulation of any Governmental Authority applicable to the Company or any of its
Subsidiaries.

            Section 2.3. GOVERNMENTAL AUTHORIZATIONS, ETC. No consent, approval
or authorization of, or registration, filing or declaration with, any
Governmental Authority is required for the validity of the execution, delivery
or performance by the Company of this Agreement or the amended Notes.

            Section 2.4. NO DEFAULT, ETC. Except as described in Section 4 of
this Agreement and the Credit Agreement Modifications, no Event of Default or
Default has occurred and is continuing, and neither the Company nor any of its
Subsidiaries

<PAGE>
                                       3

is in default (whether or not waived) in the performance or observance of any of
the terms, covenants or conditions contained in any instrument evidencing any
Indebtedness and there is no pending request by the Company (except pursuant to
this Agreement and the Credit Agreement Modifications) or any of its
Subsidiaries for any amendment or waiver in respect of any contemplated or
possible default with respect to such Indebtedness and no event has occurred and
is continuing which, with notice or lapse of time or both, would become such a
default.

            Section 2.5. NO UNDISCLOSED FEES. The Company has not, directly or
indirectly, paid or caused to be paid any consideration (as supplemental or
additional interest, a fee or otherwise) to any holder of Notes or other
Indebtedness in order to induce such holder to enter into this Agreement or give
its forebearance and consent as requested by the Credit Agreement Modifications
or take any other action in connection with the transactions contemplated
hereby, nor has the Company agreed to make any such payment, except as
contemplated by the Credit Agreement Modifications and Section 7 of this
Agreement.

            SECTION 3. REPRESENTATION OF THE NOTEHOLDER. You represent to the
Company that you are the beneficial owner of Notes in the aggregate unpaid
principal amount set forth below your name in the acceptance form of this
Agreement.

            Section 4. WAIVER OF ORIGINAL NOTE PURCHASE AGREEMENT. Subject to
this Agreement becoming effective as below provided, you hereby waive (a) timely
compliance by the Company with its obligations under Sections 6.13 and (until
June 15, 2000) 6.14 of the Original Note Purchase Agreement and (b) failure by
the Company to comply with Sections 7.2 and 7.15 of the Original Note Purchase
Agreement for the period ending March 31, 2000.

            Section 5.  AMENDMENTS OF ORIGINAL NOTE PURCHASE AGREEMENT, ETC.
The Original Note Purchase Agreement is amended pursuant to Section 10.1
thereof as follows:

            A.    Section 6.13 is amended by adding a new sentence at the end
      thereof to read as follows:

            "The Company agrees that no later than May 31, 2000, it will deliver
            to the Collateral Agent for the benefit of the Holders a mortgage on
            the property owned by Cercueil Lauziere Inc., in form and substance
            satisfactory to the Collateral Agent."

            B.    Section 7.2 is amended to read as follows:

<PAGE>
                                       4

                  "7.2 MINIMUM FIXED CHARGE COVERAGE RATIO. The Company will
            maintain a Fixed Charge Coverage Ratio as of the end of each
            calendar month for the twelve month period then ended of at least
            (i) for all calendar months ending on or before September 30, 2000,
            2.00 to 1.00 and (ii) for all calendar months ending thereafter,
            2.50 to 1.00."

            C.    Section 7.15 is amended to read as follows:

                  "7.15 MINIMUM EBITDA. The Company will maintain its EBITDA as
            of the end of each fiscal quarter for the fiscal quarter then ended
            of at least (i) for the calendar quarter ending June 30, 2000,
            $6,850,000, (ii) for the calendar quarter ending September 30, 2000,
            $6,625,000, (iii) for the calendar quarter ending December 31, 2000,
            $8,575,000, (iv) for the calendar quarter ending March 31, 2001,
            $9,000,000 and (v) for each calendar quarter ending thereafter,
            $7,375,000."

            C.    Section 9.5 is amended by deleting "10.37%" in the first
      sentence and substituting in lieu thereof "11.37%."

            D.    Section 12 is amended by changing the definition of
      "Consolidated Current Liabilities" to read as follows:

                  "'Consolidated Current Liabilities' means, as of any date of
            determination, the total amount of the current liabilities of the
            Company and its Subsidiaries as of such date determined on a
            consolidated basis in accordance with GAAP; provided that, with
            respect to determining 'Consolidated Current Liabilities' as of June
            30, 2000 and September 30, 2000, the current portion of any
            long-term Debt of the Company and its Subsidiaries existing as of
            such dates shall be deducted to the extent such current portion is
            included in such current liabilities."

            E. In order to evidence the increase in the interest rate to be
      borne by the Notes from and after September 1, 2000, the form of Note
      annexed as Exhibit A to the Amended Note Purchase Agreement is amended to
      read in its entirety as set forth in Annex A attached hereto.

            Section 6. EFFECTIVENESS OF THIS AGREEMENT. This Agreement will
become effective on the date (the "EFFECTIVE DATE") on which all of the
following conditions precedent shall have been satisfied:

<PAGE>
                                       5

            Section 6.1. PROCEEDINGS. All proceedings taken by the Company in
connection with the transactions contemplated hereby and all documents and
papers incident thereto shall be satisfactory to you, and you and your special
counsel shall have received all such counterpart originals or certified or other
copies of such documents and papers, all in form and substance satisfactory to
you, as you or they may reasonably request in connection therewith.

            Section 6.2. REPRESENTATIONS AND WARRANTIES. The representations and
warranties of the Company contained in Section 2 of this Agreement shall be true
on and as of the Effective Date as though such representations and warranties
had been made on and as of the Effective Date, and you shall have received a
certificate of a senior financial officer of the Company, dated the Effective
Date, to such effect.

            Section 6.3. OPINION OF COUNSEL. You shall have received an opinion,
dated the Effective Date, addressed to you and otherwise satisfactory in scope
and substance to you, from Locke, Liddell & Sapp LLP, substantially in the form
set forth in Annex B attached hereto, and covering such other matters incident
to the transactions contemplated hereby as you may reasonably request.

            Section 6.4. CREDIT AGREEMENT MODIFICATIONS. The Credit Agreement
Modifications shall have been duly executed and delivered, substantially in the
respective forms of drafts (dated 5/9/00) heretofore furnished to you, the
conditions to effectiveness thereof shall have been satisfied, and you shall
have received copies of all certificates, legal opinions and other documentation
provided in connection with such effectiveness.

            Section 6.5. PAYMENT OF FEES. The Company shall have paid (a) to you
by wire transfer as provided in Schedule A to the Original Note Purchase
Agreement (or to you in such other manner or to such other address as you shall
have specified in writing to the Company at least one Business Day before the
Effective Date) the installment of the amendment fee referred to in Section 7 of
this Agreement due on the Effective Date and (b) the fees and disbursements of
your special counsel as contemplated by Section 9 of this Agreement.

            Section 7. AMENDMENT FEE. The Company agrees to pay to you an
amendment fee equal to the greater of (a) 0.50% of the unpaid principal amount
of the Notes held by you and (b) the highest amendment and waiver fee (expressed
as a percentage of the sum of the revolving credit commitment and outstanding
principal amount of the term loans) paid by the Company in

<PAGE>
                                       6

connection with the Credit Agreement Modifications. Such amendment fee shall be
due and payable in two installments as follows: (i) 25% of such fee shall be due
and payable on the Effective Date as provided in Section 6.5 of this Agreement
and (ii) the remaining 75% of such fee shall be due and payable on August 31,
2000 (unless the Notes shall have been prepaid in full on or before August 31,
2000) by wire transfer or otherwise as provided in said Section 6.5.

            Section 8. EXCHANGE OR NOTATION OF NOTES. On or after the Effective
Date and in any case prior to any transfer of your outstanding Note, you shall
either make a notation of the amendment to such Note pursuant to this Agreement,
or surrender such Note in exchange for a new Note in accordance with Section
11.3 of the Amended Note Purchase Agreement. Any Note executed and delivered on
or after the Effective Date shall be in the form of Annex A hereto.

            Section 9. EXPENSES. Without limiting the generality of Section 13.1
of the Amended Note Purchase Agreement, the Company agrees, whether or not the
transactions contemplated hereby are consummated, to pay the reasonable fees and
disbursements of Willkie Farr & Gallagher, your special counsel, for their
services rendered in connection with such transactions and with respect to this
Agreement and any other document delivered pursuant to this Agreement and
reimburse you for your reasonable out-of-pocket expenses in connection with the
foregoing.

            In furtherance of the foregoing, on the Effective Date the Company
will pay or cause to be paid the reasonable fees and disbursements of Willkie
Farr & Gallagher which are reflected in the statement of Willkie Farr &
Gallagher delivered to the Company on or prior to the Effective Date. The
Company will also pay promptly upon receipt of supplemental statements therefor,
reasonable additional fees, if any, and disbursements of Willkie Farr &
Gallagher in connection with the transactions contemplated hereby (including
disbursements unposted as of the Effective Date).

            Section 10. RATIFICATION.  Except as amended hereby, the Original
Note Purchase Agreement is in all respects ratified and confirmed and the
provisions thereof shall remain in full force and effect.

            Section 11. REAFFIRMATION OF GUARANTORS. By signing a copy of this
Agreement in the space below provided, each Guarantor acknowledges and agrees to
the terms of this Agreement and ratifies its respective guarantee obligations
with respect to the Amended Note Purchase Agreement.

<PAGE>
                                       7

            Section 12. COUNTERPARTS.  This Agreement may be executed in two
or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

            Section 13. GOVERNING LAW.  This Agreement shall be governed by
and construed in accordance with the laws of the State of New York.

<PAGE>
                                       8

            If you are in agreement with the foregoing, please sign the form of
acceptance in the space below provided, whereupon this Agreement shall become a
binding agreement between you and the Company, subject to becoming effective as
hereinabove provided.

                                    THE YORK GROUP, INC.

                                    By   _______________________
                                         Title:

                                    GUARANTORS

                                    CERCUEIL LAUZIERE INC.
                                    COLONIAL GUILD, LTD.
                                    SHEIDOW BRONZE CORPORATION
                                    THE WILLIAMSBURG COMPANIES, INC.
                                    OREGON BRASS WORKS
                                    GORHAM BRONZE, LTD.
                                    COLONIAL GUILD TRADE COMPANY, INC.
                                    DIXIE VAULT TRADE COMPANY, INC.
                                    DOODY TRADE COMPANY, INC.
                                    ELDER DAVIS, INC.
                                    ELDER DAVIS TRADE COMPANY, INC.
                                    OMC INDUSTRIES, INC.
                                    OREGON CSKET COMPANY, INC.
                                    PUGET SOUND CASKET CO.
                                    STAR MANUFACTURING CORPORATION
                                    THE DOODY GROUP, INC.
                                    T.Y.G. COMPANY, INC.
                                    T.Y.G. TRADE COMPANY, INC.
                                    T.Y.G. TRADE II COMPANY, INC.
                                    WEST POINT CASKET COMPNY
                                    DIXIE VAULT COMPANY, INC.
                                    WEST POINT TRADE COMPANY, INC.
                                    YORK AGENCY, INC.
                                    YORK ACQUISITION CORP.
                                    YORKTOWNE ACQUISITION CORP.
                                    (For purposes of Section 9 only)

                                    By _____________________________
                                       Title:

<PAGE>
                                       9

ACCEPTED AND AGREED:

THE VARIABLE ANNUITY LIFE INSURANCE COMPANY

By   _____________________
     Title:

Principal Amount of Notes Held: $____________

<PAGE>
                              THE YORK GROUP, INC.

                               SENIOR SECURED NOTE

                                DUE JUNE 30, 2004

Registered Note No. R-                                   Houston, Texas
$                                                                , 200
                                                         --------     -
PPN 98663@ AB6

      THE YORK GROUP, INC., a Delaware corporation (the "Company"), for value
received, hereby promises to pay to The                           , or
registered assigns, on the 30th day of June, 2004, the principal sum of
          DOLLARS ($       ) (or so much thereof as shall not have been prepaid)
and to pay interest (computed on the basis of a 360-day year, with interest
payments calculated on the basis of twelve 30-day months) on the principal
amount from time to time remaining unpaid hereon, payable monthly on the last
day of each month and at maturity, at the rate of (i) 8.37% per annum from the
date hereof to and including August 31, 2000, and (ii) 9.37% per annum
thereafter, and to pay interest on any overdue principal and (to the extent
legally permitted) on any overdue installment of interest or any overdue
premium, at a rate per annum equal to the Default Rate, after maturity, whether
by acceleration or otherwise, until paid. The principal hereof and interest to
accrue hereon and premium, if any, are payable in lawful money of the United
States of America in accordance with the Agreement (hereinafter defined).

      This note (this "Senior Secured Note") is one of a duly authorized issue
of Senior Notes of the Company in the aggregate principal amount of $25,000,000
issued under and pursuant to the terms and provisions of a Senior Secured Note
Purchase Agreement dated as of June 30, 1994, as amended by the First Amendment,
dated as of August 12, 1999 and the Second Amendment dated as of May 12, 2000
(as so amended the "Agreement"), entered into by the Company with the Purchaser
named in Annex I thereto, and this Senior Secured Note and the Holder hereof are
entitled equally and ratably with the Holders of all other Senior Secured Notes
outstanding from time to time under the Agreement to all of the benefits
provided for by said Agreement or referred to therein by any thereof. This
Senior Secured Note is also entitled to the benefits of Subsidiary Guarantees
heretofore and from time to time hereafter executed and delivered pursuant to
the Agreement. The provisions of the Agreement (including, without limitation,
Section 5.2 of the Agreement) are hereby incorporated in this Senior Secured
Note to the same extent as if set forth at length herein. All capitalized terms
not otherwise defined herein shall have the respective meanings ascribed to them
in the Agreement.

<PAGE>
                                       2

      As provided in the Agreement, upon surrender of this Senior Secured Note
for registration or transfer, duly endorsed or accompanied by a written
instrument of transfer duly executed, by the registered holder hereof or his
attorney duly authorized in writing, a new Senior Secured Note for a like unpaid
principal amount will be issued to, and registered in the name of, the
transferee upon the payment of the taxes or other governmental charges, if any,
that may be imposed in connection therewith. The Company may treat the Person in
whose name this Senior Secured Note is registered as the owner hereof for the
purpose of receiving payment and for all other purposes, and the Company shall
not be affected by any notice to the contrary.

      This Senior Secured Note and any other Senior Secured Note may, under
certain circumstances be declared due prior to its expressed maturity date, all
in the events, on the terms and in the manner as provided in the Agreement.

      As provided in the Agreement, this Senior Secured Note is subject to
optional and mandatory prepayment in whole or in part, with premium, and the
Company agrees to make such prepayments of principal on the dates, in the
amounts and in the manner provided in the Agreement, to which reference is made
for the terms and conditions applicable to prepayment.

      Should the indebtedness represented by this Senior Secured Note or any
part thereof be collected in any proceeding provided for in the Agreement or be
placed in the hands of attorneys for collection, the Company agrees to pay, in
addition to the principal, premium, if any, and interest due and payable hereon,
all costs of collecting this Senior Secured Note, including reasonable
attorneys' fees and expenses.

      Notwithstanding any provision to the contrary in the Agreement or this
Senior Secured Note or in any document or documents otherwise relating thereto
or hereto, in no event shall the Agreement or this Senior Secured Note or such
documents require or permit the payment, charging, taking, reserving, or
receiving of any sums constituting interest under applicable laws which exceed
the maximum amount permitted by such laws. If any such excess interest is
contracted for, charged, taken, reserved, or received under the Agreement or
this Senior Secured Note or in any of the documents otherwise relating thereto
or hereto, or in any communication by the Holder hereof or any other Person to
the Company or any other party liable for payment of this Senior Secured Note,
or in the event all or part of the principal or interest hereof shall be prepaid
or accelerated, so that under any of such circumstances or under any other
circumstance whatsoever the amount of interest contracted for, charged, taken,
reserved, or received on the amount of principal actually

<PAGE>
                                       3

outstanding from time to time under the Agreement or this Senior Secured Note
shall exceed the maximum amount of interest permitted by applicable usury laws,
then in any such event it is agreed as follows: (i) the provisions of this
paragraph shall govern and control, (ii) any such excess shall be canceled
automatically to the extent of such excess, and shall not be collected or
collectible, (iii) any such excess which is or has been received shall be
credited against the then unpaid principal balance of this Senior Secured Note
or refunded to the Company, at the option of the Holder hereof, and (iv) the
effective rate of interest shall be automatically reduced to the maximum lawful
rate allowed under applicable laws as construed by courts having jurisdiction
hereof or thereof. Without limiting the foregoing, all calculations of the rate
of interest contracted for, charged, taken, reserved, or received in connection
herewith which are made for the purpose of determining whether such rate exceeds
the maximum lawful rate shall be made to the extent permitted by applicable laws
by amortizing, prorating, allocating and spreading during the period of the full
term of this Senior Secured Note, including all prior and subsequent renewals
and extensions, all interest at any time contracted for, charged, taken,
reserved, or received. The term "applicable usury laws" shall mean such laws of
the State of Texas or the laws of the United States, whichever laws allow the
higher rate of interest, as such laws now exist; provided, however, that if such
laws shall hereafter allow higher rates of interest, then the applicable usury
laws shall be the laws allowing the higher rates, to be effective as of the
effective date of such laws.

      This Senior Secured Note is entitled to all of the benefits of the
Agreement.

      THIS SENIOR SECURED NOTE IS GOVERNED BY AND IS TO BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS AND THE LAWS OF THE UNITED STATES
OF AMERICA.

                                    THE YORK GROUP, INC.

                                    By:_______________________________
                                        Name:
                                        Title:

<PAGE>
                                                                       ANNEX B
                                                   (to Supplemental Agreement)

                       OPINION OF COUNSEL FOR THE COMPANY

            The following opinions are to be provided by counsel for the
Company, subject to customary assumptions, limitations and qualifications. All
capitalized terms used herein without definition shall have the meanings
ascribed thereto in the Second Amendment.

            1. The Company is a corporation validly existing under the laws of
the State of Delaware and has all requisite power and authority to execute and
deliver the Second Amendment and to perform the provisions thereof.

            2. The Second Amendment has been duly authorized, executed and
delivered by the Company and constitutes a legal, valid and binding agreement of
the Company, enforceable against the Company in accordance with its terms.

            3. No consent, approval or authorization of, or registration, filing
or declaration with, any Governmental Authority is required on the part of the
Company for the validity of the execution and delivery or for the performance by
the Company of the Second Amendment.

            4. The consummation of the transactions contemplated by the Second
Amendment and the performance of the terms and provisions of the Second
Amendment do not and will not (a) conflict with the Certificate of Incorporation
or by-laws of the Company or any of its Subsidiaries, (b) result in any breach
of, or constitute a default under, or result in the creation of any Lien in
respect of any property of the Company or any of its Subsidiaries under, any
material indenture, mortgage, deed of trust, bank loan or credit agreement, or
other material agreement or instrument known to us, after due inquiry, to which
the Company or any of its Subsidiaries is a party or by which the Company or any
of its Subsidiaries or any of their respective properties may be bound or
affected, or (c) conflict with or result in a breach of any of the terms,
conditions or provisions of any order, judgment, decree or ruling of any court,
arbitrator or Governmental Authority applicable to the Company or any of its
Subsidiaries and known to us or violate any provision of any law, statute, rule
or regulation of any Governmental Authority applicable to the Company or any of
its Subsidiaries.

                                     * * * *
<PAGE>
                                       2

            This opinion is given solely for your benefit, and for the benefit
of the institutional investor holders from time to time of the Notes held by
you, in connection with the transactions contemplated by the Second Amendment,
and may not be relied upon by any other person for any purpose without our prior
written consent.

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