Document:

<PAGE>   1
                                                                   EXHIBIT 10.67

                           AMENDMENT TO LOAN AGREEMENT

        THIS AMENDMENT TO LOAN AGREEMENT dated as of the 20th day of February,
2000, by and between FLEET NATIONAL BANK, a national banking association having
an office located at 69 State Street, Albany, New York 12207 (the "Bank"), and
DECORA INCORPORATED, a Delaware corporation having an address at 1 Mill Street,
Fort Edward, New York 12828 (the "Borrower").

        WHEREAS, the Borrower and the Bank entered into a certain Restated
Secured Revolving Line of Credit Agreement dated as of the 29th day of April,
1998 (the "Loan Agreement"), which agreement restated and amended various prior
agreements between Borrower and the Bank. (Capitalized terms used herein and not
otherwise defined shall have the meanings attributed to them in the Loan
Agreement); and

        WHEREAS, pursuant to the Loan Agreement the Bank agreed to extend a loan
of up to $15,000,000.00 (the "Loan") to the Borrower; and

        WHEREAS, pursuant to the Loan Agreement, the Borrower made various
covenants, including financial covenants; and

        WHEREAS, Borrower has violated these covenants and is in default as
described in Section 1 hereof; and

        WHEREAS, Borrower has asked that the Bank modify these covenants and
waive the current default under the Loan Agreement.

        WHEREAS, advances of the Loan under the Loan Agreement were to be based
upon percentages of "Acceptable Accounts Receivable" and "Acceptable Inventory",
as those terms are defined in the Loan Agreement; and

        WHEREAS, the Borrower has requested that the basis for advances of the
Loan be modified; and

        WHEREAS, the Bank has agreed to such modifications subject to the terms
and conditions herein provided.

        NOW, THEREFORE, in consideration of the foregoing recitals and the
promises and mutual covenants hereinafter set forth, the parties hereto agree as
follows:

                                       1
<PAGE>   2

        1.     Acknowledgment of Default. Borrower acknowledges and agrees that
an Event of Default has occurred in that Borrower has failed to maintain the
"Minimum Fixed Charge Coverage Covenant" set forth in Section IV (d) of the Loan
Agreement for the rolling four (4) quarters basis ended on September 30, 1999.
Subject to the Borrower's compliance with all other terms of the Loan Agreement
and with this Amendment, the Bank hereby waives such default.

        2.     Covenant Modification. The following provision is hereby added to
the Loan Agreement following the last sentence of Section IV (d) of such
agreement:

               Notwithstanding the foregoing, for the rolling four (4) quarter
               period ended on December 31, 1999, the Borrower will have
               maintained a Modified Minimum Fixed Charge Coverage Covenant of
               6.70:1.00. The modified covenant is defined as follows:

               "EBITDA + Non-cash restructuring expenses divided by Interest
               expense + Current Maturities of Long Term Debt (prior four
               quarters) + Cash Taxes + Tangible and Intangible CAPEX (net of
               financed CAPEX) + Dividends/Distributions".

               The aforementioned modified covenant shall apply only to the
               rolling four (4) quarter period ended on December 31, 1999. For
               all preceding and succeeding periods, the Minimum Fixed Charge
               Coverage Covenant previously set forth in this section IV (d)
               shall apply.

        3.     Increased Reporting. The following provision is added as Section
IV (g)(11) of the Loan Agreement as follows:

               Within twenty five (25) days after the end of each fiscal quarter
               commencing with the quarter ending March 31, 2000, a compliance
               letter acknowledged by the Chief Financial Officer of Borrower
               with respect to the covenant set forth in Section IV (d) hereof
               based on the Borrower's preliminary internally prepared financial
               records.

               Section IV (g)(11) of the Loan Agreement is hereby relettered to
               Section IV (g)(12).

        4.     Amended and Restated Revolving Promissory Note. All references in
the Loan Agreement to the term "Note" shall, for all times subsequent to the
date hereof, refer to that certain Amended and Restated Revolving Promissory
Note executed and delivered by the Borrower to the Bank on even date herewith.
Borrower acknowledges and agrees that the Amended and Restated Promissory Note
bears interest at a higher rate than the Restated Revolving Promissory Note
dated April 29, 1998 from the Borrower to the Bank.

        5.     Default Interest Rate. Borrower acknowledges and agrees that, as
an Event of Default occurred under the Loan Agreement effective September 30,
1999, the Bank was legally

                                       2
<PAGE>   3

entitled to collect interest at the Default Rate from that time forward. The
Bank has collected interest on the Loan, from January 1, 2000 to the date hereof
at the Fleet National Bank Prime Rate plus two and one quarter percentage points
per annum. The Borrower acknowledges and agrees that this interest charge has
been proper in all respects.

        6.     Capital Infusion. The Borrower warrants and represents that its
parent company, Decora Industries, Inc. or any subsidiary thereof ("Decora")
shall have contributed as capital or loaned Borrower a minimum sum of Three
Million Five Hundred Thousand Dollars ($3,500,000) and that such sum shall have
been received on or before April 27, 2000. The Borrower further warrants and
represents that the proceeds of such loan shall be applied by the Borrower to
the outstanding balance of the Loan on or before April 28, 2000.

        7.     Formula Modification. The terms and conditions of the Loan
Agreement are hereby modified to reflect the following amendments and
modifications:

               a.     The definition "Acceptable Accounts Receivable" is amended
in its entirety as follows:

               "Acceptable Accounts Receivable" shall mean 75% of all Domestic
               Accounts Receivable, Canadian Accounts Receivable and Freidola
               Accounts Receivable aged 90 days or less, and all insured and
               letter of credit backed foreign accounts receivable aged 90 days
               or less that are free and clear of all liens, and are
               unconditionally owed to the Borrower without defense, offset or
               counterclaim. Acceptable Accounts Receivable shall also include
               accounts receivable which are aged 60 days or less past the due
               date, not to exceed 120 days from invoice date, and which are
               otherwise acceptable to the Bank in the exercise of the Bank's
               sole and absolute judgment and discretion.

               b.     The definition "Acceptable Inventory" is amended in its
entirety as follows:

               "Acceptable Inventory" shall mean 50% of all inventory excluding
               all work in process and all chemicals, inks, cases, cartons and
               racks, all valued at the lower of "cost" or "market" as
               determined in accordance with generally accepted accounting
               principles consistently applied, and otherwise acceptable to the
               Bank, subject to a $6,000,000.00 cap on borrowings based on
               inventory.

        8.     Default Waiver and Formula Modification Fee. In consideration for
the foregoing, the Borrower does agree to pay to the Bank a default waiver fee
of One Hundred Thousand Dollars ($100,000.00) and formula modification fee of
Forty Five Thousand Dollars ($45,000.00) [for a total of One Hundred Forty Five
Thousand Dollars ($145,000.00)] simultaneously with the execution hereof, and to
promptly reimburse the Bank for any and all expenses incurred by the Bank in
connection with the making of this agreement, including Bank's reasonable
counsel fees and disbursements.

                                       3
<PAGE>   4

        9.     Attorney Opinion Letter. Within seven (7) days from the date
hereof, Borrower shall cause to be delivered to the Bank, an attorneys opinion
letter from legal counsel acceptable to the Bank in substantially the form set
forth in Exhibit "A" hereto or otherwise acceptable to the Bank.

        10.    Limitation on Interest. All agreements between the Borrower and
Bank are hereby expressly limited so that in no contingency or event whatsoever,
whether by reason of acceleration of maturity of any Indebtedness, shall the
amount paid or agreed to be paid to Bank for the use or forbearance of
Indebtedness contemplated hereby exceed the maximum permissible under applicable
law. As used herein, the term "applicable law" shall mean the law in effect as
of the date hereof provided, however that in the event there is a change in the
law which results in a higher permissible rate of interest, then the Loan
Agreement shall be governed by such new law as of its effective date. In this
regard, it is expressly agreed that it is the intent of the Borrower and Bank in
the execution, delivery and acceptance of this Agreement to contract in strict
compliance with the laws of the State of New York from time to time in effect.
If, under or from any circumstances whatsoever, fulfillment of any provision
hereof at the time of performance of such provision shall be due, shall involve
transcending the limit to such validity prescribed by applicable law, then the
obligation to be fulfilled shall automatically be reduced to the limits of such
validity, and if under or from circumstances whatsoever Bank should ever receive
as interest an amount which would exceed the highest lawful rate, such amount
which would be excessive interest shall be applied to the reduction of the
principal balance evidenced hereby and not to the payment of interest. This
provision shall control every other provision of all agreements between the
Borrower and the Bank.

        11.    Setoff. The Borrower hereby grants to Bank a lien, security
interest and right of setoff as security for all liabilities and obligations of
the Borrower to the Bank, whether now existing or hereafter arising, upon and
against all deposits, credits, collateral and property, now or hereafter in the
possession, custody, safekeeping or control of the Bank or any entity under the
control of FleetBoston Financial Group, Inc. and its successors and/or assigns
or in transit to any one of them. At any time, without demand or notice, the
Bank may set off the same or any part thereof and apply the same to any
liability or obligation of the Borrower even though unmatured and regardless of
the adequacy of any other collateral securing the Loan. ANY AND ALL RIGHTS TO
REQUIRE THE BANK TO EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER
COLLATERAL WHICH SECURES THE LOAN, IF ANY, PRIOR TO EXERCISING ITS RIGHT OF
SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE BORROWER
ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED.

        12.    Waiver of Jury Trial. BORROWER AND BANK MUTUALLY HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN
RESPECT OF ANY CLAIM BASED HEREON, ARISING OUT OF, UNDER OR IN CONNECTION WITH
THIS AMENDMENT OR THE LOAN AGREEMENT, OR THE OBLIGATIONS RELATED HERETO OR
THERETO, TO

                                       4
<PAGE>   5

THE FULLEST EXTENT ALLOWED BY LAW. THIS WAIVER CONSTITUTES A MATERIAL INDUCEMENT
FOR BANK TO ISSUE THIS AGREEMENT.

        13.    Review by Counsel. Borrower acknowledges that it has consulted
with counsel and with such other experts and advisors as it has deemed necessary
in connection with the negotiation, execution and delivery of this amendment.
This amendment and the Loan Agreement shall be construed without regard to any
presumption or rule requiring that they be construed against the party causing
them or any part thereof to be drafted.

        14.    Captions. Captions in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

        15.    No Waiver. By entering into this agreement, the Bank in no way
waives any rights it may have against the Borrower pursuant to the Loan
Agreement except as the same have been expressly modified hereby.

        16.    Reaffirmation and Ratification. The Borrower reaffirms and
ratifies each and every covenant and representation set forth in the Loan
Agreement, except as modified hereby, and agrees to comply and observe each of
them.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       5
<PAGE>   6

        IN WITNESS WHEREOF, the parties have executed and delivered this
agreement as of the date first above written.

                                        FLEET NATIONAL BANK

                                        By:_____________________________
                                           Name: James M. Marini
                                           Title: Vice President

                                        DECORA INCORPORATED

                                        By:_____________________________
                                           Name: Robert L. Macdonald
                                           Title:

                                 ACKNOWLEDGMENTS

STATE OF NEW YORK            )
                             )ss:
COUNTY OF ________________   )

        On ___________________, 2000, before me personally came James M. Marini,
to me known, who being by me duly sworn, did depose and say that he is a Vice
President of FLEET NATIONAL BANK, the entity described in the foregoing
instrument, and acknowledged that he executed the same by order of the Board of
Directors of such entity.

                                        _______________________________________
                                                     Notary Public

STATE OF NEW YORK            )
                             )ss:
COUNTY OF ________________   )

        On ___________________, 2000, before me personally came
_____________________, to me known, who being by me duly sworn, did depose and
say that (s)he is a ______________ of DECORA INCORPORATED, the entity described
in the foregoing instrument, and acknowledged that (s)he executed the same by
order of the Board of Directors of such entity.

                                        _______________________________________
                                                     Notary Public

                                       6<PAGE>   1
                                                                   EXHIBIT 10.68

                 RESTATED AND AMENDED REVOLVING PROMISSORY NOTE

$15,000,000.00                                                  ALBANY, NEW YORK
                                                         AS OF FEBRUARY 18, 2000

        This RESTATED AND AMENDED REVOLVING PROMISSORY NOTE is made and executed
this 18th day of February, 2000 by DECORA, INCORPORATED, a Delaware corporation
authorized to do business in the State of New York as DECORA MANUFACTURING and
having an office at 1 Mill Street, Fort Edward, New York 12828 (the "Borrower")
to and in favor of FLEET NATIONAL BANK, its successors and/or assigns, a
national banking association organized and existing under the laws of the United
States of America and having a principal place of business at 69 State Street,
Albany, New York 12207 (the "Bank").

        WHEREAS, the Bank is the holder of a $15,000,000.00 Restated and Amended
Promissory Note (Revolving Line of Credit) executed by the Borrower in favor of
the Bank on April 29, 1998 (the "Prior Note"); and

        WHEREAS, the Borrower agrees and confirms that the aggregate principal
amount outstanding pursuant to the terms of the Prior Note is $ 10,017,000.00,
all interest having been paid to January 31, 2000, and that there are no
offsets, claims, setoffs, defenses or counterclaims against payment of said
amount; and

        WHEREAS, the Borrower and the Bank desire to modify, amend and restate
in full the terms of the Prior Note as hereinafter set forth.

        NOW, THEREFORE, the Borrower and the Bank agree that the Prior Note is
hereby modified and restated in full in the principal amount of $15,000,000.00,
with interest payable as hereinafter set forth. Said modified and restated note
is hereinafter called the "Note" and provides as follows:

        FOR VALUE RECEIVED, the undersigned, DECORA, INCORPORATED, a Delaware
corporation with its principal place of business at 1 Mill Street, Fort Edward,
New York 12828 (the "Borrower") promises to pay in immediately available funds
to the order of FLEET NATIONAL BANK, a national banking association organized
and existing under the laws of the United States of America, having an office
located at 69 State Street, Albany, New York 12207, its successors and assigns
(the "Bank"), at the Bank's office located at 69 State Street, Albany, New York
12207, or at such other place as may be designated from time to time by the
Bank, the unpaid amount of all sums that have been advanced to or for the
benefit of the Borrower in accordance with the terms hereof as shown on the
records of the Bank, not to exceed the aggregate sum of FIFTEEN MILLION AND
NO/100 DOLLARS ($15,000,000.00), lawful money of the United States of America,
plus interest on the unpaid principal balance, at the Floating Rate computed
from the date hereof. All payments due hereunder shall be in lawful money of the
United States in

                                       1
<PAGE>   2

immediately available funds. The records of the Bank, maintained in the ordinary
course of business, shall be prima facie evidence of the existence and amounts
of the Borrower's obligations recorded therein. All computations of interest
under this Note shall be made on the basis of a three hundred sixty (360) day
year and the actual number of days elapsed. Any capitalized term not otherwise
defined herein shall have the meaning ascribed to it in the Loan Agreement (as
defined below). This Note is governed by and subject to all of the
representations, warranties, covenants, terms and conditions contained in the
Loan Agreement.

        As used herein, the following terms shall have the following meanings:

Business Day - In respect of any date specified in this Note, a day on which
commercial banks settle payments in New York City.

Default Rate - After maturity or after judgment has been rendered on this Note,
or upon an Event of Default after the expiration of any applicable cure period,
the unpaid principal of all advances under this Note shall, at the option of the
Bank, bear interest at a rate which is four (4) percentage points per annum
greater than that which would otherwise be applicable.

Event of Default - Any of those events defined as an Event of Default under the
Loan Agreement.

Floating Rate - The Prime Rate plus two and one quarter (2 1/4%) percent.

Loan - The loan of $15,000,000.00 by the Bank to the Borrower.

Loan Agreement - That Restated Secured Revolving Line of Credit Agreement
between the Borrower and Bank, dated as of April 29, 1998 as amended by
amendment to Loan Agreement dated the date hereof, and future modifications and
amendments thereto.

Maturity Date - May 1, 2001.

Note - This Restated and Amended Revolving Promissory Note.

Prime Rate - The variable per annum rate of interest so designated from time to
time by Fleet National Bank as its prime rate. The Prime Rate is a reference
rate and does not necessarily represent the lowest or best rate being charged to
any customer. Any change in this interest rate shall be effective on the date
the change in the Prime Rate occurs, without notice to Borrower.

Interest at the Floating Rate shall be payable monthly in arrears commencing
March 1, 2000, and continuing on the first day of each and every month
thereafter until and including April 1, 2001. The entire unpaid balance of
principal, plus accrued interest, on the Loan shall be due and payable in any
event on the Maturity Date. Advances under this Note shall be reflected on the
records of the Bank. The Bank shall not be obligated to make advances under this
Note (1) if an Event of Default has occurred or (2) if in the Bank's sole
judgment, a material adverse change in the Borrower's financial condition has
occurred, or (3) if Borrower has failed to observe or perform

                                       2
<PAGE>   3

any other covenant or agreement in the Loan Documents or in any other note or
agreement executed by the Borrower in favor of the Bank.

        Events of Default. Upon the occurrence of an Event of Default and the
expiration of any applicable cure period, the Bank may, in its sole discretion,
accelerate payment under this Note and all interest accrued hereon shall become
due and payable forthwith at the election of the holder and the payment and
acceptance of any sum on account of this Note shall not be considered a waiver
of such right of election. No waiver of any default hereunder or under the Loan
Agreement shall be considered a waiver of any other or subsequent default. Upon
an Event of Default the unpaid principal balance due hereunder shall, at the
option of the holder, bear interest at the Default Rate.

        Absent an Event of Default, all payments made hereunder shall be applied
first to the payment of accrued interest to the date of payment, second to the
reduction of principal, third to the payment of any late charges and last to the
fees and expenses of the Bank. If an Event of Default occurs hereunder, the Bank
may apply any payments received to any sums due hereunder in such manner as it
deems appropriate.

        Limitation on Interest. All agreements between Borrower and Bank are
hereby expressly limited so that in no contingency or event whatsoever, whether
by reason of acceleration of maturity of the indebtedness evidenced hereby or
otherwise, shall the amount paid or agreed to be paid to the Bank for the use or
the forbearance of the indebtedness evidenced hereby exceed the maximum
permissible under applicable law. As used herein, the term "applicable law"
shall mean the law in effect as of the date hereof provided, however, that in
the event there is a change in the law which results in a higher permissible
rate of interest, then this Note shall be governed by such new law as of its
effective date. In this regard, it is expressly agreed that it is the intent of
Borrower and Bank in the execution, delivery and acceptance of this Note to
contract in strict compliance with the laws of the State of New York from time
to time in effect. If under or from any circumstances whatsoever fulfillment of
any provision hereof or of the Loan Documents at the time of performance of such
provision shall be due, shall involve transcending the limit of such validity
prescribed by applicable law, then the obligation to be fulfilled shall
automatically be reduced to the limits of such validity, and if under or from
any circumstances whatsoever the Bank should ever receive as interest an amount
which would exceed the highest lawful rate, such amount which would be excessive
interest shall be applied to the reduction of the principal balance evidenced
hereby and not to the payment of interest. This provision shall control every
other provision of all agreements between the Borrower and the Bank.

        Security; Setoff. The Borrower hereby grants to Bank a lien, security
interest and right of setoff as security for all liabilities and obligations of
the Borrower to the Bank, whether now existing or hereafter arising, upon and
against all deposits, credits, collateral and property, now or hereafter in the
possession, custody, safekeeping or control of the Bank or any entity under the
control of FleetBoston Financial Group, Inc. and its successors and/or assigns
or in transit to any one of them. At any time, without demand or notice, the
Bank may set off the same or any part thereof and apply the same to any
liability or obligation of the Borrower even though unmatured

                                       3
<PAGE>   4

and regardless of the adequacy of any other collateral securing the Loan. ANY
AND ALL RIGHTS TO REQUIRE THE BANK TO EXERCISE ITS RIGHTS OR REMEDIES WITH
RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THE LOAN, IF ANY, PRIOR TO
EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER
PROPERTY OF THE BORROWER ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY
WAIVED.

        No Waiver by Bank. The powers and remedies given hereby, shall not be
exclusive of any other powers or remedies available to the Bank. No course of
dealings between the undersigned and the Bank and no delay on the part of the
Bank in exercising any rights with respect to any default shall operate as a
waiver of any rights of the Bank. Failure on the part of the Bank to exercise
any rights with respect to any default shall not operate as a waiver of any
rights with respect to any other default. The Borrower agrees to pay all
reasonable costs and expenses incurred by the holder hereof in enforcing this
Note, including without limitation, reasonable attorney's fees and legal
expenses.

        Severability. If any provisions of this Note or the application of it to
any person or circumstance, shall be invalid or unenforceable, the remainder of
this Note or the application of those provisions to persons or circumstances
other than those as to which is held invalid or unenforceable, shall not be
affected and every other provision of this Note shall be valid and fully
enforceable.

        Pledge. The Bank may at any time pledge all or any portion of this Note
to any of the twelve (12) Federal Reserve Banks organized under Section 4 of the
Federal Reserve Act, 12 U.S.C. Section 341.

        Assignment. This Note, and all rights of the Bank hereunder, may be
assigned by the Bank, but this Note may not be assigned by the undersigned. The
purchaser, assignee, transferee, or pledgee of this Note shall be entitled to
all rights of the Bank hereunder as if said purchaser, assignee, transferee, or
pledgee were originally named in this Note.

        Waiver of Trial by Jury. BORROWER AND BANK MUTUALLY HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN RESPECT OF
ANY CLAIM BASED HEREON, ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NOTE,
OR ANY OTHER LOAN DOCUMENTS CONTEMPLATED TO BE EXECUTED IN CONNECTION HEREWITH
OR ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS (WHETHER VERBAL OR
WRITTEN) OR ACTIONS OF ANY PARTY. THIS WAIVER CONSTITUTES A MATERIAL INDUCEMENT
FOR BANK TO ACCEPT THIS NOTE AND MAKE THE LOAN.

        Governing Law. The terms of conditions of this Note shall be governed by
the laws of the State of New York.

                                       4
<PAGE>   5

        Borrower waives presentment, demand for payment, protest, and notice of
nonpayment with respect to this Note.

        This Note may not be waived, changed, modified or discharged orally, but
only by agreement in writing signed by the party against whom any enforcement of
any waiver, change, modification or discharge is sought.

        This Note restates and amends that $15,000,000.00 Restated Revolving
Promissory Note, dated April 29, 1998, from the Borrower to the Bank.

        IN WITNESS WHEREOF, the Borrower has caused this Note to be executed as
of the day and year first above written.

                                        DECORA, INCORPORATED

                                        By:________________________________
                                           Name:
                                           Title:

                                 ACKNOWLEDGMENT

STATE OF NEW YORK            )
                             ) ss:
COUNTY OF _______________    )

        On February 18, 2000, before me personally came _________________, to me
known, who being by me duly sworn, did depose and say that he is the
_________________ of DECORA, INCORPORATED, the corporation described in the
foregoing instrument, and acknowledged that he executed the same by power of the
Board of Directors of such corporation.

                                        _______________________________________
                                                     Notary Public

                                       5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00012-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00012-of-00352.parquet"}]]