Document:

<PAGE>

                                                                    Exhibit 10.2

                                                                  EXECUTION COPY

                      EIGHTH AMENDMENT TO CREDIT AGREEMENT

         EIGHTH AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated as of
June 28, 2002, among CD&L, INC. (f/k/a Consolidated Delivery & Logistics, Inc.),
a Delaware corporation (the "Borrower"), and the financial institutions party to
the Loan Agreement referred to below (the "Lenders"). All capitalized terms used
herein and not otherwise defined herein shall have the respective meanings
provided such terms in the Loan Agreement referred to below.

                              W I T N E S S E T H :
                               - - - - - - - - - -

         WHEREAS, the Borrower and the Lenders are parties to the Loan
Agreement, dated as of January 29, 1999 (as amended, modified and/or
supplemented through, but not including, the date hereof, the "Loan Agreement");
and

         WHEREAS, subject to the terms and conditions of this Amendment, the
parties hereto wish to amend the Loan Agreement as herein provided;

         NOW, THEREFORE, it is agreed:

         1. Section 1.05(a) of the Loan Agreement is hereby amended by deleting
said Section in its entirety and inserting the following new Section 1.05(a) in
lieu thereof:

                  "(a) The Borrower agrees to pay interest in respect of the
         unpaid principal amount of each Loan from the date such Loan is made
         until the maturity thereof (whether by acceleration or otherwise) at a
         rate which shall at all times be equal to 12.0% per annum; provided
         that in the event that the Voluntary Prepayment Date shall have
         occurred and so long as no Default or Event of Default is then in
         existence, interest in respect of the Amortizable Portion of the unpaid
         principal amount of each outstanding Loan shall bear interest from time
         to time at a rate equal to 10% per annum."

         2. Section 1.05(c) of the Loan Agreement is hereby amended by deleting
said Section in its entirety and inserting the following new Section 1.05(c) in
lieu thereof:

                  "(c) Accrued and unpaid interest shall be payable (i) monthly
         in arrears on the last Business Day of each month, (ii) on any
         repayment (on the amount repaid), (iii) at maturity (whether by
         acceleration or otherwise) and (iv) after such maturity, on demand.".

         3. Section 2.02(f) of the Loan Agreement is hereby amended by deleting
the table appearing in said Section in its entirety and inserting the following
new table in lieu thereof:

<TABLE>
<CAPTION>

        "Scheduled Repayment Date                                                      Amount
         ------------------------                                                      ------
<S>                                                                  <C>
        June 28, 2002                                                                $1,250,000
        Last Business Day of each of March, June, September and      Scheduled Repayment Amount then in effect".
        December for each of the calendar years 2003, 2004 and
        2005
</TABLE>

<PAGE>

         4. Section 5.01(j) of the Loan Agreement is hereby amended by deleting
the text "Article VI of" appearing in said Section.

         5. Section 6.04 of the Loan Agreement is hereby amended by (i) deleting
Section 6.04(viii) in its entirety and inserting the text "(viii) Intentionally
Deleted; and" in lieu thereof and (ii) deleting the text "$5,000,000" appearing
in Section 6.04(ix) and inserting the text "$3,000,000" in lieu thereof.

         6. Section 6.07 of the Loan Agreement is hereby amended by deleting the
table set forth in said Section in its entirety and inserting the following new
table in lieu thereof:

                    "Fiscal Quarter Ended                       Ratio
                    ---------------------                      --------
                    March 31, 2002                             5.50:1.0
                    June 30, 2002                              5.85:1.0
                    September 30, 2002                         5.50:1.0
                    December 31, 2002                          4.75:1.0

                    March 31, 2003                             4.25:1.0
                    June 30, 2003                              4.10:1.0
                    September 30, 2003                         4.10:1.0
                    December 31, 2003                          4.00:1.0

                    March 31, 2004                             3.70:1.0
                    June 30, 2004                              3.70:1.0
                    September 30, 2004                         3.50:1.0
                    December 31, 2004                          3.40:1.0

                    March 31, 2005                             3.15:1.0
                    June 30, 2005                              3.10:1.0
                    September 30, 2005                         3.05:1.0
                    December 31, 2005                          3.00:1.0".

                                      -2-

<PAGE>

         7. Section 6.08 of the Loan Agreement is hereby amended by deleting the
table set forth in said Section in its entirety and inserting the following new
table in lieu thereof:

                     "Fiscal Quarter Ended                      Ratio
                      --------------------                     --------
                     March 31, 2002                            0.65:1.0
                     June 30, 2002                             0.65:1.0
                     September 30, 2002                        0.65:1.0
                     December 31, 2002                         0.70:1.0

                     March 31, 2003                            0.70:1.0
                     June 30, 2003                             0.90:1.0
                     September 30, 2003                        0.90:1.0
                     December 31, 2003                         0.90:1.0

                     March 31, 2004                            0.80:1.0
                     June 30, 2004                             0.85:1.0
                     September 30, 2004                        0.90:1.0
                     December 31, 2004                         0.95:1.0

                     March 31, 2005                            1.10:1.0
                     June 30, 2005                             1.10:1.0
                     September 30, 2005                        1.15:1.0
                     December 31, 2005                         1.15:1.0".

         8. Section 6.09(b) of the Loan Agreement is hereby amended by deleting
the table set forth in said Section in its entirety and inserting the following
new table in lieu thereof:

                    "Fiscal Quarter Ended                         Amount
                     --------------------                         ------
                    March 31, 2002                             $5,250,000
                    June 30, 2002                              $4,850,000
                    September 30, 2002                         $5,150,000
                    December 31, 2002                          $5,800,000

                    March 31, 2003                             $6,000,000
                    June 30, 2003                              $6,250,000
                    September 30, 2003                         $6,250,000
                    December 31, 2003                          $6,250,000

                    March 31, 2004                             $6,350,000
                    June 30, 2004                              $6,350,000
                    September 30, 2004                         $6,350,000
                    December 31, 2004                          $6,350,000

                    March 31, 2005                             $6,500,000
                    June 30, 2005                              $6,500,000
                    September 30, 2005                         $6,500,000
                    December 31, 2005                          $6,500,000".

                                      -3-

<PAGE>

         9. Section 6.17 of the Loan Agreement is hereby amended by deleting
said Section in its entirety and inserting the text "6.17 Intentionally
Deleted." in lieu thereof.

         10. Section 6.18 of the Loan Agreement is hereby amended by deleting
said Section in its entirety.

         11. The definition of "Indebtedness" appearing in Section 8.01 of the
Loan Agreement is hereby amended by deleting clause (vii) appearing in said
definition in its entirety and inserting the text "(vii) any Financial
Undertaking (as such term was defined in the Credit Agreement in effect as of
January 29, 1999) (or the equivalent thereof) of such Person" in lieu thereof.

         12. Section 8.01 of the Loan Agreement is hereby further amended by (i)
deleting the definitions of "Bank," "Credit Agreement," "First Union," "Minimum
Consolidated Net Worth," "Scheduled Repayment Amount," "Senior Debt" and "Senior
Indebtedness" appearing in said Section and (ii) inserting the following new
definitions in alphabetical order:

                  "Amortizable Portion" of the unpaid principal amount of any
         Loan shall mean, at any time, the portion of the unpaid principal
         amount of such Loan at such time equal to the Amortizing Percentage of
         the unpaid principal amount of such Loan at such time.

                  "Amortizing Percentage" shall mean, at any time, a fraction
         (expressed as a percentage), (x) the numerator of which is the sum of
         the aggregate Minimum Scheduled Repayments at such time (before giving
         effect to any repayment pursuant to Section 2.02(f) if the
         determination hereof is made on the date of any such required
         repayment) and (y) the denominator of which is the unpaid principal
         amount of all Loans at such time (before giving effect to any repayment
         pursuant to Section 2.02(f) if the determination hereof is made on the
         date of any such required repayment).

                  "Bank" shall mean (x) at any time prior to the Eighth
         Amendment Effective Date, First Union Commercial Corporation and (y) at
         any time on and after the Eighth Amendment Effective Date, Fleet and,
         in each case, any other institution which becomes a "Lender" under the
         Credit Agreement pursuant to the terms thereof after the Funding Date
         or Eighth Amendment Effective Date, as applicable.

                  "Credit Agreement" shall mean (x) at any time prior to the
         Eighth Amendment Effective Date, the Loan and Security Agreement, dated
         as of July 14, 1997, among the Borrower, certain of its Subsidiaries
         and First Union Commercial Corporation, as amended prior to the Funding
         Date (including by the Modification Agreement) and (y) at any time on
         and after the Eighth Amendment Effective Date, the Loan and Security
         Agreement, dated as of June 27, 2002, among the Borrower, certain of
         its Subsidiaries and Fleet and as each such agreement, as applicable,
         may be further amended, restated, extended, replaced, supplemented,
         restructured or otherwise modified or refinanced pursuant to a
         Permitted Refinancing from time to time (in whole or in part without
         limitation (except as provided in this Agreement) as to terms,
         extensions of maturities, increasing the amount of borrowings or other
         conditions or covenants), including all related notes, collateral
         documents, guarantees, Interest Rate Contracts, instruments and
         agreements entered into in connection therewith, as the same may be
         amended, modified, supplemented, restated, restructured, replaced or
         refinanced pursuant to a Permitted Refinancing from time to time.

                                       -4-

<PAGE>

                  "Eighth Amendment" shall mean the Eighth Amendment to this
         Agreement, dated as of June 28, 2002.

                  "Eighth Amendment Effective Date" have the meaning provided in
         the Eighth Amendment.

                  "Fleet" shall mean Summit Business Capital Corp. (a company
         doing business as Fleet Capital-Business Finance Division) or any
         successor thereto by merger or consolidation.

                  "Minimum Consolidated Net Worth" shall mean (I) as at any date
         of determination on or prior to December 31, 2002, $3,600,000, (II) as
         at any date of determination on or prior to December 31, 2003,
         $4,000,000, (III) as at any date of determination on or prior to
         December 31, 2004, $5,000,000 and (IV) as at any date of determination
         on or prior to December 31, 2005, $6,000,000.

                  "Minimum Scheduled Repayment" shall mean, at any time any
         payment required to be made pursuant to Section 2.02(f) at such time,
         it being understood and agreed that for purposes of any such payment
         required after December 31, 2002, such required payment shall be deemed
         to be $250,000.

                  "Scheduled Repayment Amount" shall mean, at any time any
         payment is required to be made pursuant to Section 2.2(f) hereof, (i)
         in the event that the Cash Availability at such time is less than
         $4,000,000, $250,000 and (ii) in the event that the Cash Availability
         at such time is equal to or greater than $4,000,000, $312,500.

                  "Senior Debt" shall mean all payment and performance
         obligations now or hereafter incurred pursuant to and in accordance
         with the terms of the Credit Agreement and the other Credit Documents
         (including without limitation all principal, interest (including,
         without limitation, any post-petition interest on such obligations at
         the rate set forth in the Credit Agreement, accruing whether or not
         granted or permitted in connection with an event of the type referred
         to in Section 7.05 hereof), premium, penalties, fees, expenses,
         indemnification, reimbursements, damages and other liabilities payable
         under the Credit Agreement and the other Credit Documents) and any
         Interest Rate Contract; provided, that in no event shall the principal
         amount of Senior Debt (exclusive of interest rate protection
         obligations) exceed $15,000,000 plus any additional amounts permitted
         to be incurred pursuant to Section 6.04(ix) less (x) the amount of any
         permanent reduction of commitments thereunder, (y) any repayment of
         loans thereunder (other than loans which can be reborrowed) and (z) any
         other repayment accompanied by a permanent reduction of commitments
         thereunder (other than any repayments and/or permanent reductions of
         commitments under Senior Debt in connection with a refinancing of such
         Senior Debt which does not result in an increase in the aggregate
         outstanding principal amount of loans and the aggregate available
         commitments thereunder from those amounts outstanding and/or available
         immediately prior to such refinancing, except to the extent any such
         increase is attributable to an incurrence of additional Indebtedness
         permitted pursuant to Section 6.04(ix)). Senior Debt outstanding under
         the Credit Agreement shall continue to constitute Senior Debt for all
         purposes hereof, notwithstanding that such Senior Debt or any claim in
         respect thereof may be disallowed, avoided or subordinated pursuant to
         any insolvency law, the Bankruptcy Code or any similar federal or state
         law for the relief of debtors or other applicable insolvency law or
         equitable principles as a claim for unmatured interest.

                                      -5-
<PAGE>

                  "Senior Indebtedness" shall mean collectively, with respect to
         the Borrower and its Subsidiaries, (a) the Senior Debt and (b) any
         additional Indebtedness of the Borrower and its Subsidiaries for
         borrowed money which is either secured or not subordinated to the
         payment of the Obligations, to the extent such additional Indebtedness
         is permitted to be incurred pursuant to Section 6.04(ix), which
         additional Indebtedness shall be incurred pursuant to the Credit
         Agreement. Senior Indebtedness outstanding under the Credit Agreement
         shall continue to constitute Senior Indebtedness for all purposes
         hereof, notwithstanding that such Senior Indebtedness or any claim in
         respect thereof may be disallowed, avoided or subordinated pursuant to
         any insolvency law, the Bankruptcy Code or any similar federal or state
         law for relief of debtors or other applicable insolvency law or
         equitable principles as a claim for unmatured interest.

                  "Voluntary Prepayment Date" shall mean the date (following the
         Eighth Amendment Effective Date) upon which the Borrower shall have
         made a voluntary prepayment (or prepayments) of Loans in an aggregate
         amount equal to or in excess of $750,000 (excluding, for purposes of
         this definition, any mandatory prepayments required to be made by the
         Borrower pursuant to Section 2.02 (including, without limitation,
         Section 2.02(f)).

         13. The Borrower, for its part, acknowledges and agrees that any
failure by it to make a payment a payment in accordance with the requirements of
Section 2.02(f) of the Loan Agreement shall give rise to an Event of Default
under Section 7.01 of the Loan Agreement, notwithstanding any prohibition on
such payment contained in the Credit Agreement (whether as a result of an "event
of default" under the Credit Agreement or otherwise).

         14. This Amendment is limited as specified and shall not constitute a
modification, acceptance or waiver of any other provision of the Loan Agreement
or any other Loan Document.

                                      -6-
<PAGE>

         15. In order to induce the Lenders to enter into this Amendment, each
Loan Party hereby remises, releases and forever discharges, and by these
presents do for their Subsidiaries (direct or indirect), and for themselves and
their predecessors, successors, affiliates and assigns (each, a "Releasor"),
remise, release and forever discharge, each Lender, and their predecessors,
affiliates, subsidiaries (direct or indirect), successors, assigns,
participants, officers, directors, shareholders, partners, employees or agents,
of and from all manner of actions at law or equity, all causes of action for
damages, costs, debts, sums of money, accounts, bills, rights of indemnity,
breach of contract, provision of labor or materials, loss of use, loss of
services, expenses, compensation, consequential or punitive damages, equitable
subordination, avoidance of preferential or fraudulent transfers, or any other
thing whatever, arising by virtue of actions taken, actions omitted to be taken
or the occurrence of any other event on or prior to the Eighth Amendment
Effective Date, relating in any way to (i) this Amendment, the Loan Agreement,
the Obligations or any other Loan Document, (ii) any claims (including, without
limitation, for contribution or indemnification) which have or could have arisen
out of any of the transactions contemplated by this Amendment or the Loan
Documents or any other proceedings that have been brought or may be brought by
any party hereto or to any Loan Document or any third party relating to the Loan
Documents or the transactions contemplated thereby, (iii) any acts, transactions
or events that are the subject matter of this Amendment or the Loan Documents or
(iv) the prosecution of any claims or any settlement negotiations which such
Releasor ever had, now or which it, its Subsidiaries (direct or indirect), or
its successors or assigns hereafter can, shall or may have against any Lender,
and their predecessors, affiliates, Subsidiaries (direct or indirect),
successors, assigns, participants, officers, directors, shareholders, partners,
employees or agents, by reason of (with respect to each of clauses (i)-(iv)
above) any matter, cause or thing whatsoever on or prior to the Eighth Amendment
Effective Date relating to this Amendment or the Loan Documents; provided,
however, that nothing herein shall be construed or deemed to release any
covenants or agreements contained herein or in any Loan Document so long as such
Loan Document shall remain in full force and effect.

         16. Each Loan Party hereby acknowledges and agrees that the Obligations
are not subject to avoidance, defense, objection, action, counterclaim or
setoff, except as may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws now or hereafter in effect
relating to or affecting creditors' rights generally. The Obligations constitute
legal, valid and binding obligations of each Loan Party, enforceable in
accordance with the terms of the Loan Documents and pursuant to applicable law,
except as limited by applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws now or hereafter in effect relating to or
affecting creditors' rights generally, and subject to the limitations imposed by
general equitable principles (regardless whether such enforceability is
considered in a proceeding at law or in equity). Furthermore, no Loan Party will
use any of its cash or other assets to object to or contest in any manner, or
raise any objections, counterclaims or defenses to, the validity or
enforceability of the claims of the Lenders, or to investigate or assert any
claims or causes of action arising on or prior to the Eighth Amendment Effective
Date against the Lenders.

                                      -7-
<PAGE>

         17. Except as expressly set forth in this Amendment, each of the
undersigned hereby acknowledges and agrees that the execution and delivery by
the Lenders of this Amendment shall not be deemed (i) to create a course of
dealing or otherwise obligate the Lenders to forbear or execute similar
agreements under the same or similar circumstances in the future, (ii) to
modify, relinquish or impair any right of the Lenders to receive any indemnity
or similar payment from any Person or entity as a result of any matter arising
from or relating to this Amendment, (iii) to waive any right of the Lenders to
receive interest at an increased rate as a result of any Events of Default that
may occur under the Loan Agreement, (iv) to obligate the Lenders to make or
agree to make any extension of credit, (v) to obligate the Lenders in any way to
forbear from individually or collectively enforcing remedies under the Loan
Agreement or any other Loan Document in any manner or (vi) a commitment from any
of the Lender to forbear or "stand still". Except as expressly set forth in this
Amendment, no past or future forbearance on the part of any of the Lenders
should be viewed as a limitation upon or waiver of the absolute right and
privilege of the Lenders in exercising rights and remedies that currently exist
or may exist after the Eighth Amendment Effective Date.

         18. This Amendment may be executed in any number of counterparts and by
the different parties hereto on separate counterparts, each of which
counterparts when executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument. A complete set of
counterparts shall be lodged with the Borrower and the Lenders.

         19. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE
STATE OF NEW YORK.

         20. This Amendment shall become effective on the date (the "Eighth
Amendment Effective Date") when (i) the Borrower and each of the Lenders shall
have signed a counterpart hereof (whether the same or different counterparts)
and shall have delivered (including by way of facsimile transmission) the same
to the Lenders at the Notice Office, (ii) the Borrower shall have made the
repayment of $1,250,000 required to be made to the Lenders pursuant to Section
2.02(f) of the Loan Agreement on June 28, 2002 and (iii) the Borrower shall have
paid all of the outstanding legal fees and expenses of White & Case LLP, counsel
to the Lenders.

         21. In order to induce the Lenders to enter into this Amendment, the
Borrower hereby represents and warrants that (i) no Default or Event of Default
exists as of the Eighth Amendment Effective Date, both immediately before and
immediately after giving effect to this Amendment, and (ii) on the Eighth
Amendment Effective Date, both immediately before and immediately after giving
effect to this Amendment, all representations and warranties contained in the
Loan Agreement and in the other Loan Documents are true and correct in all
material respects (it being understood and agreed that any representation or
warranty which by its terms is made as of a specified date shall be true and
correct in all material respects only as of such specified date).

         22. From and after the Eighth Amendment Effective Date, all references
in the Loan Agreement and each of the Loan Documents to the Loan Agreement shall
be deemed to be references to the Loan Agreement as modified hereby.

                                      * * *

                                      -8-
<PAGE>

         IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart
of this Amendment to be duly executed and delivered as of the date first above
written.

                                     CD&L, INC.

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:

                                     PARIBAS CAPITAL FUNDING LLC

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:

<PAGE>

                                     EXETER VENTURE LENDERS L.P.

                                     By:  Exeter Venture Advisors, Inc.,
                                           as its general partner

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:

                                     EXETER CAPITAL PARTNERS IV, L.P.

                                     By:  Exeter IV Advisors, L.P.,
                                           as its general partner

                                     By:  Exeter IV Advisors, Inc.
                                           as its general partner

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:

<PAGE>

Each of the undersigned, each being a Subordinated Guarantor (as defined in the
Loan Agreement referenced in the foregoing Amendment) under the Loan Agreement
referenced in the foregoing Amendment, hereby consents to the entering into of
the Amendment and agrees to the provisions thereof and makes the
representations, agreements and acknowledgments set forth therein (including,
without limitation, those set forth in Sections 11, 12 and 13 thereof).

                                     CLICK MESSENGER SERVICE, INC.,
                                         as a Guarantor

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:

                                     KBD SERVICES, INC.,
                                         as a Guarantor

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:

                                     OLYMPIC COURIER SYSTEMS, INC.,
                                         as a Guarantor

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:

                                     SECURITIES COURIER CORPORATION,
                                         as a Guarantor

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:

                                     SILVER STAR EXPRESS, INC.,
                                         as a Guarantor

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:

                                     CD&L AIR FREIGHT, INC.,
                                         as a Guarantor

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:

<PAGE>

                                     CLAYTOM/NATIONAL COURIER SYSTEMS, INC.,
                                         as a Guarantor

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:

                                     LIBERTY TRANSFER CORP.,
                                         as a Guarantor

                                     By:
                                         ---------------------------------------
                                         Name:
                                         Title:<PAGE>

                                                                   Exhibit 10.40

                       FIRST AMENDMENT TO CREDIT AGREEMENT

THIS FIRST AMENDMENT TO CREDIT AGREEMENT, dated as of June 28, 2002 (this
"Amendment"), is among KEY COMPONENTS, LLC (the "Borrower"), the Lenders (as
defined below) signatories hereto and WACHOVIA BANK, NATIONAL ASSOCIATION
(formerly known as First Union National Bank), as administrative agent for the
Lenders (in such capacity, the "Administrative Agent").

                              W I T N E S S E T H:

WHEREAS, the Borrower, certain Subsidiaries (such capitalized term and other
capitalized terms used in these recitals to have the meanings set forth or
defined by reference in Part I below) and other equity holders, as Guarantors,
certain financial institutions and other Persons from time to time parties
thereto (collectively, the "Lenders"), the Administrative Agent, Societe
Generale, as the Syndication Agent, The Bank of New York , as the Documentation
Agent, and Wachovia Securities and SG Cowen Securities Corporation, as
Co-Arrangers, are parties to the Credit Agreement, dated as of September 29,
2000 (the "Existing Credit Agreement");

WHEREAS, the Borrower has requested that the Lenders amend the Existing Credit
Agreement as set forth below; and

WHEREAS, the Lenders have agreed, subject to the terms and conditions
hereinafter set forth, to amend the Existing Credit Agreement in certain
respects (the Existing Credit Agreement, as so amended or otherwise modified by
this Amendment, being referred to as the "Credit Agreement");

NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration (the receipt and sufficiency of which is hereby acknowledged), the
parties hereto hereby agree as follows:

                                   DEFINITIONS

Certain Definitions. The following terms (whether or not underscored) when used
in this Amendment shall have the following meanings (such meanings to be equally
applicable to the singular and plural forms thereof):

"Administrative Agent" is defined in the preamble.

"Amendment" is defined in the preamble.

"Borrower" is defined in the preamble.

"Credit Agreement" is defined in the third recital.

"Existing Credit Agreement" is defined in the first recital.

"First Amendment Effective Date" is defined in Subpart 3.1.

"Lenders" is defined in the first recital.

Other Definitions. Terms for which meanings are provided in the Existing Credit
Agreement are, unless otherwise defined herein or the context otherwise
requires, used in this Amendment with such meanings.

                                   AMENDMENTS

Effective on (and subject to the occurrence of) the First Amendment Effective
Date, the Existing Credit Agreement is hereby amended in accordance with this
Part; except as so amended or otherwise modified by this Amendment, the Existing
Credit Agreement and the Loan Documents shall continue in full force and effect
in accordance with their terms.

Amendment to Article I. Article I of the Existing Credit Agreement is hereby
amended in accordance with Subparts 2.1.1 through 2.1.4.

         Section 1.1 of the Existing Credit Agreement is hereby amended by
inserting the following definitions therein in the appropriate alphabetical
order:

                  "First Amendment" means the First Amendment, dated as of June
         28, 2002, to this Agreement among the Borrower, the Administrative
         Agent and the Lenders parties thereto.

                  "First Amendment Effective Date" is defined in Subpart 3.1 of
         the First Amendment.

<PAGE>

         Section 1.1 of the Existing Credit Agreement is hereby further amended
by amending and restating the grid table included in the definition of
"Applicable Margin" to read in its entirety as follows:

<TABLE>
<CAPTION>
                                               Applicable Margin
                  Funded Debt to                      For            Applicable Margin For    Applicable Margin For
                   EBITDA Ratio                Base Rate Loans          LIBO Rate Loans          Commitment Fees
                   ------------                ---------------          ---------------          ---------------
<S>                                            <C>                   <C>                      <C>
                 Less than 3.50:1                    1.00%                   2.25%                   0.375%
          Greater than or equal to 3.50:1            1.75%                   3.00%                   0.375%
               and less than 4.00:1
          Greater than or equal to 4.00:1            2.00%                   3.25%                   0.500%
               and less than 4.25:1
          Greater than or equal to 4:25:1            2.25%                   3.50%                   0.500%
</TABLE>

         Section 1.1 of the Existing Credit Agreement is hereby further amended
by amending the definition of "EBITDA" appearing therein by (a) deleting the
punctuation mark "." appearing at the end of clause (f) thereof and inserting
the punctuation mark ";" in replacement therefor and (b) inserting the following
immediately after clause (f) thereof:

         "plus

                           (g) non-recurring restructuring charges for such
                  Rolling Period incurred in connection with the consolidation
                  of Acme's warehousing located in Lumberton, North Carolina on
                  terms agreed to by the Administrative Agent (in its reasonable
                  discretion) (provided that the aggregate amount of such charge
                  shall not exceed $100,000);

         plus

                           (h) non-cash pension expenses for such Rolling
                  Period;

         plus

                           (i) non-cash impairment charges for such Rolling
                  Period in connection with the Borrower's implementation of
                  Financial Accounting Standards Board Statement of Financial
                  Standards No. 142, "Goodwill and Other Intangible Assets", in
                  accordance with GAAP; provided, that such charges shall not
                  exceed (i) $2,000,000 in any Fiscal Year occurring during the
                  period from and including Fiscal Year 2003 through the
                  Termination Date or (ii) $5,000,000 in the aggregate for the
                  Fiscal Years occurring during the period from and including
                  Fiscal Year 2003 through the Termination Date;

         plus

                           (j) non-recurring charges for such Rolling Period in
                  respect of previously capitalized bank fees written off as a
                  result of the First Amendment, in an aggregate amount not to
                  exceed $150,000."

         SUBPART 2.1.4. Section 1.1 of the Existing Credit Agreement is hereby
further amended by amending the definition of "Permitted Acquisition" appearing
therein by (a) inserting the following immediately after clause(b) thereof:

                  "(c) with respect to any such Permitted Acquisition made on or
         before December 31, 2003, the aggregate consideration paid or to be
         paid by the Obligors with respect to such Permitted Acquisition shall
         not exceed the sum of the following:

                  (i) $7,5000,000, plus

                  (ii) the aggregate amount of Net Equity Proceeds received by
         the Obligors (other than any Compliance Capital, and other than any Net
         Equity Proceeds used to finance a redemption or repayment of Senior
         Notes pursuant to Section 7.2.6(b)(z)), plus

                  (iii) the aggregate amount of Net Disposition Proceeds and Net
         Debt Proceeds received by the Obligors (other than any Net Disposition
         Proceeds or Net Debt Proceeds used to acquire assets other than in
         connection with a Permitted Acquisition, and other than any Net
         Disposition Proceeds used to finance a redemption or repayment of
         Senior Notes pursuant to Section 7.2.6(b)(z)), plus

                  (iv) the aggregate amount of Indebtedness assumed in
         connection with all such Permitted Acquisitions (so long as such
         Indebtedness is permitted to be incurred under Section 7.2.2(d) or
         Section 7.2.2(i));"; and

         (b) relettering clauses (c) through (e) thereof as clauses (d) through
(f), respectively.

<PAGE>

         Amendment to Article VII. Article VII of the Existing Credit Agreement
         is hereby amended in accordance with Subparts 2.2.1 through 2.2.6.

                  Clause (d) of Section 7.2.2 of the Existing Credit Agreement
         is hereby amended by deleting the reference to "$15,000,000" appearing
         therein and inserting a reference to "$5,000,000" in replacement
         therefor.

                  Clause (i) of Section 7.2.2 of the Existing Credit Agreement
         is hereby amended by deleting the reference to "$10,000,000" appearing
         therein and inserting a reference to "$5,000,000" in replacement
         therefor.

                  Clause (a) of Section 7.2.4 of the Existing Credit Agreement
         is hereby amended and restated to read in its entirety as follows:

                           "(a) the Interest Coverage Ratio, as of the last day
                  of each Fiscal Quarter falling in the periods set forth below,
                  to be less than the ratio set forth opposite such period:

                      Fiscal Quarters ending                  Minimum Interest
                     in the following periods                  Coverage Ratio
                     ------------------------                  --------------
               June 30, 2002 through March 30, 2003              2.50 to 1
               March 31, 2003 through June 29, 2003              2.75 to 1
              June 30, 2003 through December 30, 2003            3.00 to 1
             December 31, 2003 through March 30, 2004            3.25 to 1
                   March 31, 2004 and thereafter                 4.00 to 1"

                  Clause (b) of Section 7.2.4 of the Existing Credit Agreement
         is hereby amended and restated to read in its entirety as follows:

                           "(b) the Fixed Charge Coverage Ratio, as of the last
                  day of each Fiscal Quarter falling in the periods set forth
                  below, to be less than the ratio set forth opposite such
                  period:

                   Fiscal Quarters ending               Minimum Fixed Charge
                  in the following periods                 Coverage Ratio
                  ------------------------                 --------------
            June 30, 2002 through March 30, 2004              1.00 to 1
               March 31, 2004 and thereafter                 1.10 to 1"

                  Clause (c) of Section 7.2.4 of the Existing Credit Agreement
         is hereby amended and restated to read in its entirety as follows:

                           "(c) the Funded Debt to EBITDA Ratio, as of the last
                  day of each Fiscal Quarter falling in the periods set forth
                  below, to be greater than the ratio set forth opposite such
                  period:

                   Fiscal Quarters ending                 Maximum Funded Debt to
                  in the following periods                     EBITDA Ratio
                  ------------------------                     ------------
            June 30, 2002 through March 30, 2003                 4.50 to 1
            March 31, 2003 through June 29, 2003                 4.25 to 1
          June 30, 2003 through September 29, 2003               4.00 to 1
         September 30, 2003 through March 30, 2004               3.75 to 1
               March 31, 2004 and thereafter                    2.75 to 1"

Section 7.2.7 of the Existing Credit Agreement is hereby amended and restated to
read in its entirety as follows:

         "SECTION 7.2.7. Capital Expenditures, etc. The Borrower will not, and
will not permit any of its Subsidiaries to, make or commit to make, without
duplication, Capital Expenditures in any Fiscal Year in excess of the sum of the
following:

                  (a)(i) during any Fiscal Year occurring prior to Fiscal Year
                  2002 which aggregate an amount in excess of $7,500,000, (ii)
                  during Fiscal Year 2002 which aggregate an amount in excess of
                  $5,000,000, (iii) during Fiscal Year 2003 which aggregate an
                  amount in excess of $6,000,000 and (iv) in any Fiscal Year
                  subsequent to Fiscal Year 2003 which aggregate an amount in
                  excess of $7,500,000 for any such Fiscal Year;

         plus

                  (b) any amount permitted to be expended in respect of Capital
                  Expenditures in the immediately preceding Fiscal Year pursuant
                  to clause (a) above but not so expended; provided, however,
                  that any unused amount of Capital Expenditures during Fiscal
                  Year 2001 may not be carried forward to any subsequent
                  period."

<PAGE>

                           CONDITIONS TO EFFECTIVENESS

Effectiveness. This Amendment and the amendments contained herein shall become
effective on the date (the "First Amendment Effective Date") when each of the
conditions set forth in this Part shall have been fulfilled to the satisfaction
of the Administrative Agent.

         Execution of Counterparts. The Administrative Agent shall have received
            counterparts of this Amendment, duly executed and delivered on
            behalf of each Borrower, the Administrative Agent and the Required
            Lenders.

         Amendment Fee. The Administrative Agent shall have received, for the
            account of each Lender which shall have executed this Amendment
            concurrently with or prior to the effectiveness hereof, an amendment
            fee in an aggregate amount equal to .25% of the aggregate amount of
            each such Lender's Percentage of the Total Exposure Amount (after
            giving effect to this Amendment and the reduction specified in
            Subpart 3.1.3. below).

         Reduction in Commitment Amount. The Administrative Agent shall have
            received a duly executed irrevocable written notice from the
            Borrower pursuant to Section 2.3 of the Credit Agreement reducing
            the unused amount of the Revolving Loan Commitment Amount by
            $15,000,000.

         Affirmation and Consent. The Administrative Agent shall have received,
            with counterparts for each Lender, an Affirmation and Consent to
            this Amendment substantially in the form of Exhibit A hereto, duly
            executed and delivered by each of the Obligors other than the
            Borrower.

         Resolutions. The Administrative Agent shall have received resolutions
            of the Board of Directors of the Borrower duly ratifying the
            execution, delivery and performance of this Amendment, duly
            certified by an Authorized Officer as being in full force and effect
            without amendment or modification, all in form and substance
            reasonably satisfactory to the Administrative Agent.

         Opinion of Counsel. The Administrative Agent shall have received an
            opinion, dated the date of this Amendment and addressed to the
            Administrative Agent and all Lenders, from Sonnenschein Nath &
            Rosenthal, counsel to the Obligors, in form and substance
            satisfactory to the Administrative Agent.

         Legal Details, etc. All documents executed or submitted pursuant hereto
            shall be satisfactory in form and substance to the Administrative
            Agent and its counsel. The Administrative Agent and its counsel
            shall have received all information and such counterpart originals
            or such certified or other copies or such materials as the
            Administrative Agent or its counsel may reasonably request, and all
            legal matters incident to the transactions contemplated by this
            Amendment shall be satisfactory to the Administrative Agent and its
            counsel.

                  MISCELLANEOUS; REPRESENTATIONS AND COVENANTS

Continuing Effectiveness, etc. As amended hereby, the Credit Agreement shall
remain in full force and effect and is hereby ratified and confirmed in all
respects. After the First Amendment Effective Date, all references in the Credit
Agreement and each other Loan Document to the "Agreement" or "Credit Agreement",
as applicable, shall refer to the Existing Credit Agreement, after giving effect
to this Amendment, and this Amendment shall be a Loan Document for all purposes.
The Borrower hereby confirms its obligations under Section 11.3 of the Credit
Agreement to pay all fees and expenses of the Administrative Agent (including
reasonable fees and out-of-pocket expenses of counsel) in connection with this
Amendment and other ongoing administration of the Credit Agreement as provided
in Section 11.3 of the Credit Agreement since the last invoice it received.

Counterparts. This Amendment may be executed in any number of counterparts and
by the different parties on separate counterparts, and each such counterpart
shall be deemed to be an original but all such counterparts shall together
constitute one and the same Amendment.

Governing Law. THIS AMENDMENT SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY THE
INTERNAL LAWS OF THE STATE OF NEW YORK.

Successors and Assigns. This Amendment shall be binding upon the Borrower, the
Lenders and the Agents and their respective successors and assigns, and shall
inure to their successors and assigns.

<PAGE>

Representations and Warranties. In order to induce the Lenders to execute and
deliver this Amendment, the Borrower represents and warrants to the Agents, the
Lenders and the Issuer that, after giving effect to the terms of this Amendment,
the following statements are true and correct: (a) the representations and
warranties set forth in Article VI of the Existing Credit Agreement and in the
other Loan Documents are true and correct on the First Amendment Effective Date
as if made on the First Amendment Effective Date and after giving effect to the
First Amendment (unless stated to relate solely to an earlier date, in which
case such representations and warranties were true and correct in all material
respects as of such earlier date); and (b) no Default has occurred and is
continuing.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
and delivered by their respective authorized officers as of the day and year
first above written.

                                              KEY COMPONENTS, LLC

                                              By:
                                                     ---------------------------
                                              Title:

LENDERS:

                                              WACHOVIA BANK, NATIONAL
                                              ASSOCIATION,
                                                as Administrative Agent and as
                                                a Lender

                                              By:
                                                     ---------------------------
                                              Title:

                                              SOCIETE GENERALE,
                                               as Syndication Agent and as a
                                               Lender

                                              By:
                                                     ---------------------------
                                              Title:

<PAGE>

                                              THE BANK OF NOVA SCOTIA

                                              By:
                                                     ---------------------------
                                              Title:

                                              CITIBANK, N.A.

                                              By:
                                                     ---------------------------
                                              Title:

                                              PROVIDENT BANK OF CINCINNATI

                                              By:
                                                     ---------------------------
                                              Title:

                                              THE BANK OF NEW YORK

                                              By:
                                              Title:

<PAGE>

                                              CITIZENS BANK OF MASSACHUSETTS

                                              By:
                                                     ---------------------------
                                              Title:

                                              FLEET CAPITAL CORPORATION

                                              By:
                                                     ---------------------------
                                              Title:

                                              EAST WEST BANK

                                              By:
                                                     ---------------------------
                                              Title:

                                              CERES II FINANCE LTD.
                                              By:

                                              INVESCO Senior Secured
                                                Management, Inc.
                                                as Portfolio Advisor

                                              By:
                                                     ---------------------------
                                              Title:

                                              CHARTER VIEW PORTFOLIO
                                              By:  INVESCO Senior Secured
                                                   Management, Inc.
                                                   as Portfolio Advisor

                                              By:
                                                     ---------------------------
                                              Title:

                                              LAGUNA FUNDING TRUST

                                              By:
                                                     ---------------------------
                                              Title:

<PAGE>

                             AFFIRMATION AND CONSENT

                                                                   June 28, 2002

The Lenders (as defined below) and
Wachovia Bank, National Association,
  as Administrative Agent
One Wachovia Center
301 South College Street
Charlotte, NC  28288

                               KEY COMPONENTS, LLC

Gentlemen and Ladies:

Reference is made to the First Amendment (the "Amendment"), dated as of June 28,
2002, to the Credit Agreement, dated as of September 29, 2000 (the "Existing
Credit Agreement"; the Existing Credit Agreement, as amended, supplemented,
amended and restated or otherwise modified by the Amendment, the "Credit
Agreement"), among Key Components, LLC, certain Subsidiaries and other equity
holders, as Guarantors, certain financial institutions and other Persons from
time to time parties thereto (collectively, the "Lenders"), Wachovia Bank,
National Association (formerly known as First Union National Bank), as the
Administrative Agent, Societe Generale, as the Syndication Agent, The Bank of
New York , as the Documentation Agent, and Wachovia Securities and SG Cowen
Securities Corporation, as Co-Arrangers. Unless otherwise defined herein or the
context otherwise requires, terms used herein have the meanings provided in the
Credit Agreement.

By their signature below, the undersigned Obligors hereby acknowledge and
consent to the amendment of the Existing Credit Agreement and the terms and
provisions thereof as set forth in the Amendment. Each undersigned Obligor
hereby reaffirms the covenants and agreements contained in each Loan Document to
which it is a party, including as such covenants and agreements may be modified
by the Amendment, this Affirmation and Consent and the transactions contemplated
thereby. Each undersigned Obligor hereby further certifies that, as of the date
hereof (both before and after giving effect to the effectiveness of the
Amendment), the representations and warranties contained in the Loan Documents
to which such Obligor is a party are true and correct with the same effect as if
made on the date hereof, except to the extent such representations or warranties
expressly relate to a date prior to the date hereof (in which case such
representations and warranties were true and correct as of such earlier date).
Each undersigned Obligor further confirms that each Loan Document to which it is
a party is and shall continue to be in full force and effect and the same are
hereby ratified and confirmed in all respects, except that upon the
effectiveness of the Amendment, all references in such Loan Documents to the
"Agreement" or "Credit Agreement"; if applicable, shall mean the Credit
Agreement as in effect and as modified by the Amendment.

<PAGE>

IN WITNESS WHEREOF, the undersigned has caused this Affirmation and Consent to
be executed and delivered by its officer hereunto duly authorized as of the date
first above written.

                                            B.W. ELLIOTT MANUFACTURING CO., LLC
                                            HUDSON LOCK, LLC
                                            ESP LOCK PRODUCTS, LLC
                                            GITS MANUFACTURING COMPANY, LLC
                                            ATLANTIC GUEST, INC.
                                            MARINE INDUSTRIES COMPANY, LLC
                                            TURNER ELECTRIC, LLC
                                            KEY COMPONENTS, INC.
                                            ACME ELECTRIC CORPORATION

                                            By
                                               ---------------------------------
                                               Name:
                                               Title:

                                            GUEST BUILDING, L.L.C.,
                                              by ATLANTIC GUEST, INC., its
                                              sole member

                                            By
                                               ---------------------------------
                                               Name:
                                               Title:

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