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                                                                    EXHIBIT 10.4

                                   AMENDMENT NO. 6 TO
                               LOAN AND SECURITY AGREEMENT

      THIS AMENDMENT NO. 6 TO LOAN AND SECURITY AGREEMENT (this "AMENDMENT"), is
entered into on and as of this 13th day of August, 2001, by and between SUNROCK
CAPITAL CORP., a Delaware corporation ("LENDER"), and DSI TOYS, INC., a Texas
corporation ("BORROWER").

                                    RECITALS

      A. Borrower and Lender have entered into that certain Loan and Security
Agreement, dated as of February 2, 1999 (as the same has been, and may hereafter
be, amended, modified, supplemented or restated from time to time, the "LOAN
AGREEMENT").

      B. Borrower has requested extensions of the seasonal inventory advances
provided at SECTION 2.2 of the Loan Agreement through the Termination Date and
modification of certain financial covenants set forth in the Loan Agreement.

      NOW, THEREFORE, in consideration of the premises herein contained and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties, intending to be legally bound, agree as
follows:

                                    ARTICLE I
                                   DEFINITIONS

      1.01 Capitalized terms used in this Amendment, to the extent not otherwise
defined herein, shall have the same meanings as in the Loan Agreement, as
amended hereby.

                                   ARTICLE II
                                   AMENDMENTS

      2.01 SEASONAL INVENTORY ADVANCES. Effective as of the date hereof, SECTION
2.2(B) is hereby amended by amending and restating SECTION 2.2(B)(IV) in its
entirety to read as follows and by adding new SECTIONS 2.2(B)(V)-(VII), in each
case as follows:

                  "(iv) during the period commencing July 1, 2001, and extending
      through July 31, 2001, the sum of: (A) ten percent (10%) of the Value of
      Eligible Inventory; and (B) ten percent (10%) of the Value of Eligible
      In-Transit Inventory; or

                  "(v) during the period commencing January 1, 2002, and
      extending through June 30, 2002, the sum of: (A) ten percent (10%) of the
      Value of Eligible Inventory; and (B) ten percent (10%) of the Value of
      Eligible In-Transit Inventory; or

                                       1
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                  "(vi) during the period commencing January 1, 2003, and
      extending through June 30, 2003, the sum of: (A) ten percent (10%) of the
      Value of Eligible Inventory; and (B) ten percent (10%) of the Value of
      Eligible In-Transit Inventory; or

                  "(vii) during the period commencing January 1, 2004, and
      extending through June 30, 2004, the sum of: (A) ten percent (10%) of the
      Value of Eligible Inventory; and (B) ten percent (10%) of the Value of
      Eligible In-Transit Inventory."

      2.02 AMENDMENT TO NET WORTH. SECTION 9.14 of the Loan Agreement is hereby
amended and restated to read in its entirety as follows:

            "9.14 NET WORTH. The Borrower will not permit its Net Worth to be
      less than the following respective amounts at the following respective
      dates:

                       DATE                 MINIMUM NET WORTH
                       ----                 -----------------

                     06/30/01                 $7,600,000

                     09/30/01                 $9,400,000

                     12/31/01                 $11,200,000

                     03/31/02                 $8,700,000

                     06/30/02                 $7,700,000

                     09/30/02                 $12,200,000

                     12/31/02                 $12,700,000

                     03/31/03                 $10,200,000

                     06/30/03                 $9,200,000

                     09/30/03                 $13,700,000

                     12/31/03                 $14,200,000

                     03/31/04                 $11,700,000"

      2.03  AMENDMENT TO NET INCOME.  SECTION 9.19 of the Loan Agreement is
hereby amended and restated to read in its entirety as follows:

            "9.19 NET INCOME. The Borrower will not permit its Net Income to be
      less than the following respective cumulative amounts for the periods
      ended as of the following

                                       2
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      respective dates, each of which dates shall be a date of determination for
      purposes of the definition of Net Income set forth at SUBSECTION 1.31
      hereof:

                       DATE                     NET INCOME
                       ----                     ----------

                     06/30/01                 $(3,100,000)

                     09/30/01                 $ (1,250,000)

                     12/31/01                 $ 600,000

                     03/31/02                 $(2,500,000)

                     06/30/02                 $(3,500,000)

                     09/30/02                 $ 1,000,000

                     12/31/02                 $ 1,500,000

                     03/31/03                 $(2,500,000)

                     06/30/03                 $(3,500,000)

                     09/30/03                 $ 1,000,000

                     12/31/03                 $ 1,500,000

                     03/31/04                 $(2,500,000)"

                                   ARTICLE III
            RATIFICATIONS, REPRESENTATIONS, WARRANTIES AND COVENANTS

      3.01 RATIFICATIONS. Except as expressly amended hereby, the terms and
provisions of the Loan Agreement are ratified and confirmed and shall continue
in full force and effect. Borrower and Lender agree that the Loan Agreement, as
amended hereby, and each agreement and instrument executed in connection
herewith, are, and shall continue to be, legal, valid, binding and enforceable
in accordance with their respective terms.

      3.02 REPRESENTATIONS AND WARRANTIES. Borrower hereby represents and
warrants to Lender that (a) the execution, delivery and performance of this
Amendment has been authorized by all requisite corporate action on the part of
Borrower and does not violate the Articles of Incorporation or Bylaws of
Borrower; (b) the representations and warranties contained in the Loan
Agreement, are true and correct on and as of the date hereof; (c) as of the date
hereof no Event of Default under the Loan Agreement is continuing and no event
or condition exists that with the giving of notice or the lapse of time, or
both, would be an Event of Default; and (d)

                                       3
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Borrower is in full compliance with all covenants and agreements contained in
the Loan Agreement and each agreement and instrument entered into in connection
therewith.

      3.03 FEE PAYABLE TO LENDER PAYMENT OF LEGAL AND OTHER EXPENSES. Upon the
execution of this Amendment by Lender, Borrower hereby agrees to pay to Lender a
fee in the amount of $30,000.00. In addition and as provided in the Loan
Agreement, Borrower agrees to pay on demand all costs and expenses incurred by
Lender in connection with the preparation, negotiation and execution of this
Amendment, including, without limitation, the costs and fees of Lender's legal
counsel, and all costs and expenses incurred by Lender in connection with the
enforcement or preservation of any rights under the Loan Agreement, as amended
hereby, or any agreement, document or instrument executed in connection
therewith. The fee, costs and expenses referred to in this SECTION 3.03 may be
charged by Lender to Borrower's loan account at the option of Lender.

                                   ARTICLE IV
                            MISCELLANEOUS PROVISIONS

      4.01 SURVIVAL OF REPRESENTATIONS AND WARRANTIES. All representations and
warranties made herein and in the Loan Agreement shall survive the execution and
delivery of this Amendment, and no investigation by Lender shall affect the
representations and warranties or the right of Lender to rely upon them.

      4.02 REFERENCE TO LOAN AGREEMENT. The Loan Agreement, as amended hereby,
and all other agreements, documents or instruments now or hereafter executed and
delivered pursuant to the terms thereof are hereby amended so that any reference
in the Loan Agreement or such other agreements, documents and instruments shall
mean a reference to the Loan Agreement, as amended hereby.

      4.03 SEVERABILITY. Any provision of this Amendment held by a court of
competent jurisdiction to be invalid or unenforceable shall not impair or
invalidate the remainder of this Amendment and the effect thereof shall be
confined to the provision so held to be invalid or unenforceable.

      4.04 SUCCESSORS AND ASSIGNS. This Amendment is binding upon and shall
inure to the benefit of Lender and Borrower and their respective successors and
assigns, except Borrower may not assign or transfer any of its rights or
obligations hereunder without the prior written consent of Lender.

      4.05 COUNTERPARTS. This Amendment may be executed in one or more
counterparts, each of which when so executed shall be deemed to be an original,
but all of which when taken together shall constitute one and the same
instrument.

      4.06 HEADINGS. The headings, captions, and arrangements used in this
Amendment are for convenience only and shall not affect the interpretation of
this Amendment.

                                       4
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      4.07 APPLICABLE LAW. THIS AMENDMENT AND ALL OTHER LOAN DOCUMENTS EXECUTED
PURSUANT HERETO SHALL BE DEEMED TO HAVE BEEN MADE AND TO BE PERFORMABLE IN AND
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
TEXAS.

      4.08 FINAL AGREEMENT. THE FINANCING AGREEMENTS (INCLUDING THE LOAN
AGREEMENT AND THIS AMENDMENT), AS AMENDED HEREBY, REPRESENT THE ENTIRE
EXPRESSION OF THE PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF ON THE DATE
THIS AMENDMENT IS EXECUTED. THE FINANCING AGREEMENTS, AS AMENDED HEREBY, 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. NO MODIFICATION, RESCISSION, WAIVER, RELEASE OR AMENDMENT OF ANY
PROVISION OF THIS AMENDMENT SHALL BE MADE, EXCEPT BY A WRITTEN AGREEMENT SIGNED
BY BORROWER AND LENDER.

      4.09 RELEASE. BORROWER HEREBY ACKNOWLEDGES THAT IT HAS NO DEFENSE,
COUNTERCLAIM, OFFSET, CROSS-COMPLAINT, CLAIM OR DEMAND OF ANY KIND OR NATURE
WHATSOEVER THAT CAN BE ASSERTED TO REDUCE OR ELIMINATE ALL OR ANY PART OF ITS
LIABILITY TO REPAY THE OBLIGATIONS (AS DEFINED IN THE LOAN AGREEMENT) OR TO SEEK
AFFIRMATIVE RELIEF OR DAMAGES OF ANY KIND OR NATURE FROM LENDER. BORROWER HEREBY
VOLUNTARILY AND KNOWINGLY RELEASES AND FOREVER DISCHARGES LENDER, ITS
PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS, FROM ALL POSSIBLE
CLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES, AND
LIABILITIES WHATSOEVER, KNOWN OR UNKNOWN, ANTICIPATED OR UNANTICIPATED,
SUSPECTED OR UNSUSPECTED, FIXED, CONTINGENT, OR CONDITIONAL, AT LAW OR IN
EQUITY, ORIGINATING IN WHOLE OR IN PART ON OR BEFORE THE DATE THIS AMENDMENT IS
EXECUTED, WHICH THE BORROWER MAY NOW OR HEREAFTER HAVE AGAINST LENDER, ITS
PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS, IF ANY, AND
IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS ARISE OUT OF CONTRACT, TORT, VIOLATION
OF LAW OR REGULATIONS, OR OTHERWISE, AND ARISING FROM ANY LOANS (AS DEFINED IN
THE LOAN AGREEMENT), INCLUDING, WITHOUT LIMITATION, ANY CONTRACTING FOR,
CHARGING, TAKING, RESERVING, COLLECTING OR RECEIVING INTEREST IN EXCESS OF THE
HIGHEST LAWFUL RATE APPLICABLE, THE EXERCISE OF ANY RIGHTS AND REMEDIES UNDER
THE LOAN AGREEMENT OR ANY FINANCING AGREEMENT, DOCUMENT OR INSTRUMENT ENTERED
INTO IN CONNECTION THEREWITH.

                                       5
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            Executed as of this 13th day of August, 2001.

                                    DSI TOYS, INC.

                                    By: /s/ ROBERT L. WEISGARBER
                                        --------------------------------------
                                    Name:  ROBERT L WEISGARBER
                                         -------------------------------------
                                    Title: CFO
                                          ------------------------------------

                                    SUNROCK CAPITAL CORP.

                                    By: /s/ ROBERT J. KATCHA
                                       --------------------------------------
                                    Name:  ROBERT J. KATCHA
                                          -----------------------------------
                                    Title: SENIOR VICE PRESIDENT
                                          -----------------------------------

                                       6Prepared by MERRILL CORPORATION

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Exhibit 10.1    
  

    CONFORMED COPY  

  
 

    AMENDMENT NO. 2
  TO CREDIT AGREEMENT    
  

    AMENDMENT NO. 2 (the "Amendment") dated as of June 30, 2001 to the Credit Agreement dated as of
November 12, 1999 (as amended, the "Credit Agreement"), among GEORGIA GULF CORPORATION (the
"Company"), the ELIGIBLE SUBSIDIARIES party thereto, the LENDERS party thereto (the "Lenders") and THE
CHASE MANHATTAN BANK, as Administrative Agent (the "Administrative Agent"). 

W I T N E S S E T H: 

    WHEREAS,
the Company and the Lenders wish to amend the leverage ratio and interest coverage ratio covenants, as more fully set forth below; 

    NOW,
THEREFORE, the parties hereto agree as follows: 

    SECTION 1.  Definitions; References.  Unless otherwise specifically defined in
the he recitals above, each term used herein which is defined in the Credit Agreement shall have the meaning assigned to such term in the Credit Agreement. 

    SECTION 2.  Amendment of Section 1.01.  (a) The definition of "Consolidated
EBITDA" is amended to replace the period at the end of the third proviso thereto with "; and" and to add immediately thereafter the following fourth proviso: 

    provided further  that, for purposes of determining compliance with Sections 6.15 and 6.16 of this Agreement for
any period which includes the fiscal quarter of the Company ended June 30, 2001, Consolidated EBITDA shall be increased by $5,500,000 (to adjust for the estimated reduction in Consolidated
EBITDA resulting from the flood-related shutdown of the plans at Pasadena, Texas and Plaquemine, Louisiana). 

    (b)
Clause (a) of the definition of "Applicable Rate" is amended by adding the following proviso at the end thereof: 

    provided, that if the Leverage Ratio as of the most recent determination date is greater than 5.0:1, the Applicable Rate shall be 2.00%
per annum, in the case of an ABR Loan, or 3.00% per annum, in the case of a Eurodollar Loan, 

    (c)
In addition, Category 5 is amended in, and Category 6 is added to, the chart set forth in the definition of "Applicable Margin", to read as follows: 

	Category 5

greater than 4.0:1 and less than or equal to 5:0:1	 	1.75%	 	2.75%	 	0.500%
	

Category 6

greater than 5.0:1	
 	

2.00%	
 	

3.00%	
 	

0.500%

    SECTION 3.  Amendment of Section 6.15.  The chart set forth in
Section 6.15 of the Credit Agreement is amended for the periods set forth below to read as follows: 

	Period
 
	 	Ratio

	10/1/00-3/31/01	 	4.50:1
	4/01/01-6/30/01	 	6.00:1
	7/1/01-3/31/02	 	6.25:1
	4/01/02-6/30/02	 	5.75:1
	7/1/02-9/30/02	 	4.75:1
	10/1/02-12/31/02	 	4.25:1
	Thereafter	 	3.50:1

 

    SECTION 4.  Amendment of Section 6.16.  The chart set
forth in Section 6.16 of the Credit Agreement is amended for the periods set forth below to read as follows: 

	Period
 
	 	Ratio

	10/1/00-3/31/01	 	2.50:1
	4/01/01-6/30/01	 	1.75:1
	7/1/01-12/31/01	 	1.50:1
	1/1/02-3/31/02	 	1.75:1
	4/01/02-6/30/02	 	2.00:1
	7/1/02-9/30/02	 	2.25:1
	10/01/02-12/31/02	 	2.75:1
	Thereafter	 	3.00:1

    SECTION 5.  Pricing.  The parties hereto agree that notwithstanding any provision
of the Credit Agreement to the contrary, from and including the Amendment Effective Date to but excluding the next date on which the Company's consolidated financial statements are delivered pursuant
to Section 5.01 of the Credit Agreement, the Applicable Rate for purposes of clause (b) and clause (c) of the definition of "Applicable Rate" shall be the applicable rate per
annum set forth in Category 6 in such definition, and the Leverage Ratio for purposes of clause (a) of such definition shall be deemed to be greater than 5.0:1. 

    SECTION 6.  Representations of Company.  The Company represents and warrants that
(i) the representations and warranties of each Loan Party set forth in the Loan Documents shall be true on and as of the Amendment Effective Date (as hereinafter defined) to the same extent as
they would be required to be under Section 4.02 on the occasion of any Loan or issuance of any Letter of Credit and (ii) no Default will have occurred and be continuing on such date. 

    SECTION 7.  GOVERNING LAW.  THIS
AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.  

    SECTION 8.  Counterparts; Effectiveness.  This Amendment
may be signed in any number of counterparts, each of which shall be an original, with the same effects as if the signatures thereto and hereto were upon the same instrument. This Amendment shall
become effective as of the date first above written (the "Amendment Effective Date") when the Administrative Agent shall have received from
(i) the Company for the account of each Lender which has delivered a signed counterpart hereof to the Administrative Agent on or before June 28, 2001, an amendment fee equal to .25% of
the sum of such Lender's Revolving Exposure, outstanding Term Loans and unused Commitments on June 30, 2001 (after giving effect to any Commitment reductions or Term Loan repayments on such
date), and (ii) each of the Company and the Required Lenders a counterpart hereof signed by such party or facsimile or other written confirmation (in form satisfactory to the Administrative
Agent) that such party has signed a counterpart hereof. 

2

QuickLinks

Exhibit 10.1

AMENDMENT NO. 2 TO CREDIT AGREEMENT

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