Document:

<PAGE>
                                                                   Exhibit 10.85

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                             STOCKHOLDERS AGREEMENT

                                  by and among

                       HEARTLAND INDUSTRIAL PARTNERS, L.P.
                 AND THE OTHER HEARTLAND ENTITIES NAMED HEREIN,

                      THE BECKER STOCKHOLDERS NAMED HEREIN,

                       THE JOAN STOCKHOLDERS NAMED HEREIN

                                       and

                          COLLINS & AIKMAN CORPORATION

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

                               Dated July 3, 2001

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

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<PAGE>
                                TABLE OF CONTENTS

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                                    ARTICLE I

                                   DEFINITIONS

      1.1 Definitions........................................................  2

                                    ARTICLE II

                                    TRANSFER

2.1      Limitation on Transfer.............................................    8
2.2      Permitted Transfers................................................    8
2.3      Permitted Transfer Procedures......................................    8
2.4      Transfers in Compliance with Law; Substitution of Transferee.......    8

                                    ARTICLE III

                     RIGHT OF FIRST REFUSAL; TAG-ALONG RIGHTS;
                                DRAG-ALONG RIGHTS

3.1      Proposed Voluntary Transfers.......................................    9
3.2      Involuntary Transfers.............................................    14
3.3      Prohibition on Encumbrance........................................    16
3.4      Certain Transactions..............................................    16
3.5      Waiver of Right to Participate in Proposed Offering...............    17

                                    ARTICLE IV

                               [INTENTIONALLY OMITTED]

                                    ARTICLE V

                AFTER-ACQUIRED SECURITIES; AGREEMENT TO BE BOUND

5.1      After-Acquired Securities.........................................    18
5.2      Beneficial Ownership..............................................    18
</TABLE>

                                       -i-
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                                    ARTICLE VI

                              CORPORATE GOVERNANCE

6.1      General...........................................................   18
6.2      Election of Directors.............................................   19
6.3      Vacancy...........................................................   19
6.4      Reimbursement of Expenses; D&O Insurance..........................   20

                                   ARTICLE VII

                                    COVENANTS

7.1      Financial Statements and Other Information........................   20
7.2      Inspection........................................................   20

                                    ARTICLE VIII

                             STOCK CERTIFICATE LEGEND

                                    ARTICLE IX

                                   MISCELLANEOUS

9.1      Recapitalizations, Exchanges, etc.................................   21
9.2      Notices...........................................................   22
9.3      Successors and Assigns; Third Party Beneficiaries.................   24
9.4      Amendment and Waiver..............................................   24
9.5      Counterparts......................................................   24
9.6      Specific Performance..............................................   24
9.7      Headings..........................................................   25
9.8      Governing Law.....................................................   25
9.9      Severability......................................................   25
9.10     Rules of Construction.............................................   25
9.11     Entire Agreement..................................................   25
9.12     Further Assurances................................................   25
</TABLE>

EXHIBITS

A        Form of Transfer Agreement

                                       -ii-
<PAGE>
                             STOCKHOLDERS AGREEMENT

          STOCKHOLDERS AGREEMENT dated July 3, 2001, by and among Collins &
Aikman Corporation, a Delaware corporation (the "Company"), Heartland
Industrial Partners, L.P. ("Heartland") and the other Heartland Entities named
herein, the Becker Stockholders party hereto and the Joan Stockholders party
hereto.

          WHEREAS, pursuant to an Agreement and Plan of Merger, dated May 14,
2001 (the "Merger Agreement"), by and among the Company, Collins & Aikman
Products Co., Becker Group, L.L.C., the Becker Investors and the other parties
named therein, the Becker Investors will receive (x) an aggregate of 17,000,000
shares of common stock, par value $0.01 per share (the "Common Stock"), of the
Company and (y) warrants to purchase an aggregate of 500,000 shares (the
"Warrant Shares") of Common Stock;

          WHEREAS, in order to induce each of the Becker Investors to enter
into the Merger Agreement, the Company has agreed to grant registration rights
with respect to the Common Stock as set forth in the Registration Rights
Agreement executed as of the date hereof (the "Registration Rights Agreement")
and has agreed to enter into this Agreement;

          WHEREAS, the acquisition of Joan Automotive Industries, Inc.  is
under consideration and remains subject to the negotiation of terms and
definitive documentation at the time that the Merger Agreement has been signed,
and the Becker Investors and the Company intend that, to the extent shares of
Common Stock are issued in connection with such acquisition, the recipients of
such Common Stock at the time of such acquisition (the "Joan Investors")
receive the rights provided herein pursuant to the same documentation to the
extent agreed to by the Joan Investors by executing signature pages hereto (the
"J Transaction"); and

          WHEREAS, the parties hereto wish to restrict the transfer of the
Shares (as hereinafter defined) and to provide for, among other things, first
offer and tag-along and certain other rights.

          NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth herein and for good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties hereto agree
as follows:
<PAGE>
                                       -2-

                                    ARTICLE I

                                   DEFINITIONS

          1.1  Definitions. As used in this Agreement, and unless the context
requires a different meaning, the following terms have the meanings indicated:

          "Affiliate" shall mean, when used with respect to any Person, any
other Person which directly or indirectly beneficially owns or controls 25% or
more of the total voting power of shares of capital stock of such Person having
the right to vote for directors under ordinary circumstances, any Person
controlling, controlled by or under common control with any such Person (within
the meaning of Rule 405 of the Securities Act), and any director or executive
officer of any such Person.

          "Agreement" means this Agreement as the same may be amended,
supplemented or modified in accordance with the terms hereof.

          "Becker Investors" means the Persons named on the signature pages
hereof as "Becker Investors" that own Shares.

          "Becker Stockholders" means the Becker Investors and any Direct
Permitted Transferee thereof to whom Shares are transferred in accordance with
Section 2.2 of this Agreement, and the term "Becker Stockholder" shall mean any
such Person.

          "Board of Directors" means the Board of Directors of the Company.

          "Business Day" means any day other than a Saturday, Sunday or other
day on which commercial banks in the State of New York are authorized or
required by law or executive order to be closed for business.

          "Charter Documents" means the Restated Certificate of Incorporation
and the By-laws of the Company each as in effect from time to time.

          "Commission" means the Securities and Exchange Commission or any
similar agency then having jurisdiction to enforce the Securities Act.

          "Common Stock" has the meaning set forth in the recitals to this
Agreement and any other capital stock of the Company into which such stock is
reclassified or reconstituted and any other common stock of the Company.
<PAGE>
                                       -3-

          "Common Stock Equivalents" means any security or obligation which is
by its terms convertible, exchangeable or exercisable into or for shares of
Common Stock, including any option, warrant or other subscription or purchase
right with respect to Common Stock.

          "Company" has the meaning set forth in the preamble to this Agreement.

          "Company Option" has the meaning set forth in Section 3.1(c).

          "Company Option Period" has the meaning set forth in Section 3.1(c).

          "Contract Date" has the meaning set forth in Section 3.1(e).

          "Direct Permitted Transferee" of any Stockholder has the meaning set
forth in the definition of "Permitted Transferee".

          "Drag-Along Notice" has the meaning set forth in Section 3.1(g).

          "Drag-Along Rightholders" has the meaning set forth in Section 3.1(g).

          "Drag-Along Sellers" has the meaning set forth in Section 3.1(g).

          "Excess Offered Securities" has the meaning set forth in Section
3.1(b).

          "Exempt Issuance" means (i) a subdivision of the outstanding shares
of Common Stock into a larger number of shares of Common Stock, including by
way of stock split or stock dividend, (ii) capital stock issued upon exercise,
conversion or exchange of any Common Stock Equivalents either (x) previously
issued or (y) issued in accordance with Section 3.4, (iii) an issuance pursuant
to an effective registration statement filed under the Securities Act, (iv) an
issuance of capital stock to all holders of Common Stock on a pro rata basis,
or (v) as to the New Stockholders only, any issuance of capital stock to one or
more Heartland Entities the net proceeds of which are applied towards the
purchase price for the acquisition of the TAC-Trim division of Textron Inc.
("TAC-Trim").

          "Exempt Transfer" has the meaning set forth in Section 2.1.

          "Existing Stockholders Agreement" means the Stockholders Agreement
dated February 23, 2001 among Blackstone Capital Company II, L.L.C., Heartland
Industrial Partners, L.P. and the other named Heartland Entities,
Wasserstein/C&A Holdings, L.L.C. and the Company, as amended, supplemented or
modified in accordance with its terms.

          "Existing Tag-Along Rightholders" means the "Tag-Along Rightholders,"
as such term is defined under the Existing Stockholders Agreement.
<PAGE>
                                       -4-

          "Fair Value" has the meaning set forth in Section 3.2(b).

          "Future Tag-Along Rightholder" means any Person who is granted
tag-along rights on transfers of shares of Common Stock by any Heartland
Selling Stockholder pursuant to any agreement entered into in the future.

          "Governmental Authority" means the government of any nation, state,
city, locality or other political subdivision thereof, any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or
pertaining to government, and any corporation or other entity owned or
controlled, through stock or capital ownership or otherwise, by any of the
foregoing.

          "Heartland" has the meaning set forth in the preamble.

          "Heartland Entities" means Heartland Industrial Partners, L.P.,
Heartland Industrial Partners (FF), L.P., Heartland Industrial Partners (E1),
L.P., Heartland Industrial Partners (K1), L.P., Heartland Industrial Partners
(C1), L.P. and Permitted Transferees under clause (ii)(1) of the definition of
Permitted Transferees of any of the foregoing.

          "Heartland Selling Stockholder" has the meaning set forth in Section
3.1(f).

          "Investor Stockholders" means each Heartland Entity and any Permitted
Transferee thereof to whom Shares are transferred in accordance with Section
2.2 of this Agreement, and the term "Investor Stockholder" shall mean any such
person.

          "Involuntary Transfer" means any transfer, proceeding or action by or
in which a Stockholder shall be deprived or divested of any right, title or
interest in or to any of the Shares, including, without limitation, (i) any
seizure under levy of attachment or execution, (ii) any transfer in connection
with bankruptcy (whether pursuant to the filing of a voluntary or an
involuntary petition under the United States Bankruptcy Code of 1978, or any
modifications or revisions thereto) or other court proceeding to a debtor in
possession, trustee in bankruptcy or receiver or other officer or agency, (iii)
any transfer to a state or to a public officer or agency pursuant to any
statute pertaining to escheat or abandoned property, (iv) any transfer pursuant
to a divorce or separation agreement or a final decree of a court in a divorce
action and (v) any transfer by way of foreclosure.

          "Involuntary Transferee" has the meaning set forth in Section 3.2(a).

          "IT Rightholder" has the meaning set forth in Section 3.2(a).

          "J Transaction" has the meaning set forth in the preamble.

          "Joan Investors" has the meaning set forth in the preamble.
<PAGE>
                                       -5-

          "Joan Stockholders" means the Joan Investors that own Shares and any
Direct Permitted Transferee thereof to whom Shares are transferred in
accordance with Section 2.2 of this Agreement, and the term "Joan Stockholder"
shall mean any such Person.

          "Lien" means any mortgage, deed of trust, pledge, hypothecation,
assignment, encumbrance, lien (statutory or other) or preference, priority,
right or other security interest or preferential arrangement of any kind or
nature whatsoever (excluding preferred stock and equity related preferences).

          "Matters" has the meaning set forth in Section 6.1.

          "Merger Agreement" has the meaning set forth in the preamble.

          "New Issuance Notice" has the meaning set forth in Section 3.4.

          "New Securities" has the meaning set forth in Section 3.4.

          "New Stockholders" means, collectively, the Becker Stockholders and
the Joan Stockholders.

          "Offer Price" has the meaning set forth in Section 3.1(a).

          "Offered Securities" has the meaning set forth in Section 3.1(a).

          "Offering Notice" has the meaning set forth in Section 3.1(a).

          "Permitted Transferee" means:

          (i)   (a)   with respect to any Stockholder who is a natural person,
     (1) the spouse (or another individual designated in writing by a
     Stockholder who has no spouse), parent or any lineal descendant (including
     by adoption and stepchildren) of such Stockholder, (2) any trust of which
     such Stockholder is a trustee and which is established solely for the
     benefit of any of the foregoing individuals, (3) any charitable foundation
     selected by such Stockholder, (4) the estate of such Stockholder or any
     Person to whom Common Stock is transferred by will or due to the intestacy
     of such Stockholder, (5) any partnership, all of the general partner(s)
     and limited partner(s) (if any) of which are one or more Persons
     identified in this clause (i)(a), or (6) any corporation or limited
     liability company, all of the equity owners of which are one or more
     Persons identified in this clause (i)(a) and (b) with respect to the Joan
     Investors, (1) JFC Holdings Trust, a Massachusetts Business Trust, as long
     as its beneficiaries are natural persons who were beneficiaries of such
     trust at the time the Joan Investors acquired the Shares and/or one or
     more Persons that would be Permitted Transferees of any such beneficiaries
     pursuant to clause (a) of this paragraph (i) or (2) Elkin or
<PAGE>
                                       -6-

     Donna McCallum; provided that, in the case of clauses (a) and (b), such
     Person to whom Shares are transferred (who is not already a signatory to
     this Agreement) executes a Transfer Agreement (any such Permitted
     Transferee being a "Direct Permitted Transferee" of such person);

           (ii)   with respect to a Heartland Entity, (1) any Affiliate of a
     Heartland Entity, (2) any investor in a Heartland Entity or an Affiliate
     of such investor in a Heartland Entity or an investor in any fund or other
     investment vehicle established or managed by any Heartland Entity or any
     of its Affiliates, (3) any of the New Stockholders or any of their
     respective Affiliates, (4) any investor in a Heartland Entity in
     connection with a pro rata distribution of shares of Common Stock to all
     investors in a Heartland Entity at the time of the expiration or
     termination of the fund or any Affiliate of such investor, or (5) any
     other Person that is a "Stockholder" within the meaning of the Existing
     Stockholders Agreement; provided that, in the case of clause (1), (2),
     (3), (4) or (5) any such transferee executes a Transfer Agreement; and

          (iii)   with respect to any Stockholder, any institutional lender to
     which such Stockholder pledges or grants a security interest in shares of
     Common Stock in a bona fide transaction effected in good faith provided
     that (a) such pledgee executes a Transfer Agreement (and acknowledges that
     it shall not receive any of the rights granted to Stockholders under this
     Agreement), (b) such pledgee is not granted any voting rights with respect
     to the Common Stock prior to foreclosure and (c) prior to any subsequent
     foreclosure or sale of such shares or any transfer resulting from such
     foreclosure is effected, the provisions of Article III must be satisfied.

           "Person" means any individual, firm, corporation, partnership,
     trust, incorporated or unincorporated association, joint venture, joint
     stock company, limited liability company, Governmental Authority or other
     entity of any kind, and shall include any successor (by merger or
     otherwise) of such entity.

          "Proportionate Percentage" has the meaning set forth in Section 3.4.

          "Proposed Price" has the meaning set forth in Section 3.4.

          "Registration Rights Agreement" has the meaning set forth in the
preamble, as such agreement may be amended, modified or waived.

          "Rightholder(s)" has the meaning set forth in Section 3.1(b).

          "Securities Act" means the United States Securities Act of 1933, as
amended, and the rules and regulations of the Commission promulgated thereunder.
<PAGE>
                                       -7-

          "Selling Stockholder" has the meaning set forth in Section 3.1(a).

          "Shares" means, with respect to each Stockholder, all shares, whether
now owned or hereafter acquired, of Common Stock of the Company and all Common
Stock Equivalents other than Shares that would not constitute Registrable
Securities pursuant to the Registration Rights Agreement; provided, however,
for the purposes of any computation of the number of Shares pursuant to
Sections 2, 3 and 7, all outstanding Common Stock Equivalents shall be deemed
converted, exercised or exchanged as applicable and the shares of Common Stock
issuable upon such conversion, exercise or exchange shall be deemed
outstanding, whether or not such conversion, exercise or exchange has actually
been effected.

          "Stockholder Option Period" has the meaning set forth in Section
3.1(b).

          "Stockholders" means the (i) Heartland Entities, (ii) the New
Stockholders and (iii) any Permitted Transferee of any of the foregoing who has
agreed to be bound by the terms and conditions of this Agreement in accordance
with Section 2.4(a).

          "Stockholders Meeting" has the meaning set forth in Section 6.1.

          "Tag-Along Notice" has the meaning set forth in section 3.1(f).

          "Tag-Along Rightholder" has the meaning set forth in Section 3.1(f).

          "Tag-Along Securities" has the meaning set forth in Section 3.1 (f).

          "Tag-Along Third Party Purchaser" has the meaning set forth in
Section 3.1(f).

          "Third Party Purchaser" has the meaning set forth in Section 3.1(a).

          "transfer" has the meaning set forth in Section 2.1.

          "Transfer Agreement" means an agreement in the form attached hereto
as Exhibit A.

          "Transferred Shares" has the meaning set forth in Section 3.2(a).

          "Warrant Shares" has the meaning set forth in the preamble.

          "Written Consent" has the meaning set forth in Section 6.1.
<PAGE>
                                       -8-

                                   ARTICLE II

                                    TRANSFER

          2.1   Limitation on Transfer. No Stockholder shall directly or
indirectly sell, give, assign, hypothecate, pledge, encumber, grant a security
interest in, subject to a Lien or otherwise dispose of (whether by operation of
law or otherwise) (each a "transfer") any Shares or any right, title or
interest therein or thereto, except (1) pursuant to (a) Sections 2.2, 2.3, 2.4,
3.1, 3.2 or 3.3 of this Agreement, (b) market sales in compliance with Rule 144
under the Securities Act, (c) a registration statement filed under the
Securities Act or (d) a transaction in which all stockholders of the Company
have a right to transfer their shares on a pro rata basis and (2) otherwise in
compliance with this Agreement. Transfers referred to in clauses (1)(b), (c)
and (d) are "Exempt Transfers." Any attempt to transfer any Shares or any
rights thereunder in violation of this Section 2.1 shall be null and void ab
initio.

          2.2   Permitted Transfers.  Notwithstanding anything to the contrary
contained in this Agreement, but subject to Sections 2.3 and 2.4, at any time,
each Stockholder may transfer all or a portion of its Shares to any of its
Permitted Transferees.

          2.3   Permitted Transfer Procedures. If any New Stockholder wishes to
transfer Shares to a Permitted Transferee under Section 2.2, such New
Stockholder shall give notice to the Company of its intention to make such a
transfer not less than five (5) Business Days prior to effecting such transfer
(except in the case of a transfer to the estate of a deceased Stockholder, and
such estate shall give such notice as soon as practicable after such transfer)
which notice shall state the name and address of each Permitted Transferee to
whom such transfer is proposed, the relationship of such Permitted Transferee
to such Stockholder, and the number of Shares proposed to be transferred to
such Permitted Transferee; provided that no such notice will be required for
the Joan Stockholders to pledge Shares on the Closing Date of the Joan
Transactions in accordance with and subject to compliance on the Closing Date
with the requirements of clause (iii) of the definition of "Permitted
Transferee."

          2.4   Transfers in Compliance with Law; Substitution of Transferee.
Notwithstanding any other provision of this Agreement, no transfer may be made
pursuant to this Section 2 or Section 3 (except in an Exempt Transfer in the
case of the following clauses (a) and (b)) unless (a) if to a Permitted
Transferee, the transferee executes, prior to such transfer, a Transfer
Agreement, (b) the transfer complies in all respects with the applicable
provisions of this Agreement and (c) the transfer complies in all respects with
applicable federal and state securities laws, including, without limitation,
the Securities Act. If requested by the Company, an opinion of counsel to such
transferring Stockholder shall be supplied to the Company, at such transferring
Stockholder's expense, to the effect that such transfer complies with the
applicable federal and state securities laws. Upon becoming a party to this
<PAGE>
                                       -9-

Agreement, the Permitted Transferee shall be substituted for the transferring
Stockholder and deemed to be subject to this Agreement to the extent provided
herein.

                                  ARTICLE III

                   RIGHT OF FIRST REFUSAL; TAG-ALONG RIGHTS;
                               DRAG-ALONG RIGHTS

          3.1   Proposed Voluntary Transfers.

          (a)   Offering Notice. Subject to Sections 2.2, 2.3, 2.4 and 3.1(h),
if any New Stockholder (a "Selling Stockholder") wishes to transfer all or any
portion of its Shares to any Person (other than to its Permitted Transferee) (a
"Third Party Purchaser") and such Selling Stockholder wants to make any offer
to sell such Shares to, or has received a bona fide offer to purchase such
Shares from a Third Party Purchaser, such Selling Stockholder shall then offer
to sell such Shares by sending notice (an "Offering Notice") to each Investor
Stockholder and the Company, which shall state (i) the number of Shares
proposed to be transferred (the "Offered Securities"); (ii) the purchase price
per Share proposed by the Selling Stockholder or offered by the Third Party
Purchaser for the Offered Securities (the "Offer Price"); and (iii) the other
terms and conditions of such sale. Upon delivery of the Offering Notice, such
offer shall be irrevocable unless and until the rights of first refusal
provided for herein shall have been waived or shall have expired.

          (b)   Stockholder Option; Exercise.

            (i)   For a period of ten (10) Business Days after the giving of the
     Offering Notice pursuant to Section 3.1(a) (the "Stockholder Option
     Period"), each of the Investor Stockholders (for the purpose of Section
     3.1, each, a "Rightholder" and collectively, the "Rightholders") shall
     have the right to purchase the Offered Securities at a purchase price
     equal to the Offer Price and upon the terms and conditions set forth in
     the Offering Notice. Each Rightholder shall have the right to purchase
     that percentage of the Offered Securities determined by dividing (A) the
     total number of Shares then owned by such Rightholder by (B) the total
     number of Shares then owned by all such Rightholders. If the consideration
     consists wholly or in material part of consideration other than cash or
     marketable securities and the Rightholder or the Company would be willing
     to exercise its rights hereunder based upon the value ascribed to such
     consideration by the Selling Stockholder, the Company, Heartland or any
     Selling Stockholder may require that a determination of Fair Value of the
     Offered Securities be made in the same manner as would apply to a
     determination of Fair Value under Section 3.2(b) (with Heartland
     substituted for IT Rightholders and the Selling Stockholder requesting
<PAGE>
                                       -10-

     such an appraisal substituted for the Involuntary Transferee), and in such
     event, all time periods under this Section 3.1(a) through 3.1(e) shall be
     tolled pending the determination of Fair Value. If any Rightholder does
     not fully subscribe for the number or amount of Offered Securities it or
     he is entitled to purchase, then each other fully participating
     Rightholder shall have the right to purchase that percentage of the
     Offered Securities not so subscribed for (for the purposes of this Section
     3.1(b), the "Excess Offered Securities") determined by dividing (x) the
     total number of Shares then owned by such fully participating Rightholder
     by (y) the total number of Shares then owned by all fully participating
     Rightholders. The calculation described in the preceding sentence shall be
     made in successive proration calculations until there are no remaining
     Excess Offered Securities or there is no remaining Rightholder who
     indicated a willingness in the notice referred to in Section 3.1(b)(ii) to
     subscribe for additional Offered Securities.

           (ii)   The right of each Rightholder to purchase the Offered
     Securities under subsection (i) above shall be exercisable by delivering
     written notice of the exercise thereof, prior to the expiration of the
     Stockholder Option Period, to the Selling Stockholder with a copy to the
     Company. Each such notice shall state (a) the number of Shares held by
     such Rightholder, (b) the number of Offered Securities that such
     Rightholder is willing to purchase pursuant to this Section 3.1(b),
     including the number of Excess Offered Securities, if any, such
     Rightholder shall wish to purchase. The giving of such notice shall
     constitute a binding obligation to purchase the number of Shares elected,
     subject to the provisions of this Section 3.1(b) and in accordance with
     Section 3.1(d). The failure of a Rightholder to respond within the
     Stockholder Option Period to the Selling Stockholder shall be deemed to be
     a waiver of such Rightholder's rights under subsection (i) above, provided
     that each Rightholder may waive its rights under subsection (i) above
     prior to the expiration of the Stockholder Option Period by giving written
     notice to the Selling Stockholder, with a copy to the Company.

          (c)   Company Option; Exercise. If the Rightholders do not elect to
purchase all of the Offered Securities, then on the Business Day next following
the earlier to occur of (A) the expiration of the Stockholder Option Period and
(B) the date upon which the Company shall have received written notice from
each of the Rightholders of its exercise of its right pursuant to Section
3.1(b) or its waiver thereof (the "Company Option Period"), the Company shall
have the right (the "Company Option") but not the obligation to purchase any
remaining Excess Offered Securities at a purchase price equal to the Offer
Price and upon the terms and conditions set forth in the Offering Notice. The
right of the Company to purchase any of the remaining Excess Offered Securities
under this Section 3.1(c) shall be exercisable by delivering written notice of
the exercise thereof, prior to the expiration of the Company Option Period, to
the Selling Stockholder. The failure of the Company to respond within the
Company Option Period to the Selling Stockholder shall be deemed to be a waiver
of the
<PAGE>
                                       -11-

Company Option, provided that the Company may waive its rights under this
Section 3.1(c) prior to the expiration of the Company Option Period by giving
written notice to the Selling Stockholder. If the Company and/or the
Rightholders do not purchase all of the Offered Securities pursuant to Section
3.1(b) and/or Section 3.1(c), then the Selling Stockholder may, subject to
Section 3.1(f), sell the remaining Excess Offered Securities to a Third Party
Purchaser in accordance with Section 3.1(e).

          (d)   Closing. The closing of the purchases of Offered Securities
subscribed for by the Rightholders under Section 3.1(b) and/or the Company
under Section 3.1(c) shall be held at the executive office of the Company at
11:00 a.m., local time, on the fifteenth Business Day after the giving of the
Offering Notice pursuant to Section 3.1(a) or at such other time and place as
the parties to the transaction may agree. At such closing, the Selling
Stockholder shall deliver certificates representing the Offered Securities,
duly endorsed for transfer and accompanied by all requisite transfer taxes, if
any, and such Offered Securities shall be free and clear of any Liens (other
than those arising hereunder and those attributable to actions by the
purchasers thereof) and the Selling Stockholder shall so represent and warrant,
and shall further represent and warrant that it is the sole beneficial and
record owner of such Offered Securities. The Company and/or each Rightholder,
as the case may be, purchasing Offered Securities shall deliver at the closing
payment in full for the Offered Securities purchased by it or him. At such
closing, all of the parties to the transaction shall execute such additional
documents as are otherwise necessary or appropriate.

          (e)   Sale to a Third Party Purchaser. Unless the Company and/or
the Rightholders elect to purchase all the Offered Securities under Sections
3.1(b) and 3.1(c), the Selling Stockholder may sell any remaining Excess Offered
Securities to a Third Party Purchaser at a price not less than the Offer Price
and otherwise on terms and conditions not materially more favorable to the Third
Party Purchaser than those set forth in the Offering Notice; provided, however,
that such sale is bona fide and made pursuant to a contract within thirty (30)
days after the earlier to occur of (i) the exercise or waiver by the Company and
all of the Rightholders of their options to purchase the Offered Securities and
(ii) the expiration of the Company Option Period (the "Contract Date"); and
provided further, that such sale shall not be consummated unless and until such
Third Party Purchaser shall represent in writing to the Company and each
Rightholder that it is aware of the rights of the Company and the Stockholders
contained in this Agreement. If such sale is not consummated within thirty (30)
days after the Contract Date for any reason, then the restrictions provided for
herein shall again become effective as to such remaining Excess Offered
Securities, and no transfer of such remaining Excess Offered Securities may be
made thereafter by the Selling Stockholder without again offering the same to
the Company and the Rightholders in accordance with this Section 3.1.
<PAGE>
                                       -12-

          (f)   Tag-Along Rights.

          (i)   Subject to Sections 2.2, 2.3, 2.4 and 3.1(h), if a Heartland
     Entity (a "Heartland Selling Stockholder") wishes to transfer Shares to
     any Person (other than a Permitted Transferee) (a "Tag-Along Third Party
     Purchaser"), the Company or any of its subsidiaries other than in an
     Exempt Transfer, such Heartland Entity shall give notice (a "Tag-Along
     Notice") to each other Stockholder (each, a "Tag-Along Rightholder") and
     the Company, which shall state (i) the number of Shares proposed to be
     transferred (the "Tag-Along Securities"); (ii) the purchase price per
     Share proposed by the Heartland Selling Stockholder or offered by the
     Tag-Along Third Party Purchaser for the Tag-Along Securities (the "Tag
     Along Offer Price"); and (iii) the other terms and conditions of such
     sale.  Each Tag-Along Rightholder shall have the right to sell to such
     Tag-Along Third Party Purchaser, the Company, or any of its subsidiaries,
     upon the terms set forth in the Tag-Along Notice, that number of Shares
     held by such Tag-Along Rightholder equal to that percentage of the
     Tag-Along Securities determined by dividing (A) the total number of Shares
     then owned by such Tag-Along Rightholder by (B) the sum of (1) the total
     number of Shares then owned by all such Tag-Along Rightholders with
     respect to which Tag-Along Rightholders are exercising their rights
     pursuant to this Section 3.1(f)(i) plus (2) the total number of Shares
     then owned by the Heartland Selling Stockholder plus (3) the total number
     of Shares then owned by all Existing Tag-Along Rightholders with respect
     to which Existing Tag-Along Rightholders are exercising their rights
     pursuant to the Existing Stockholders Agreement (but without duplication
     of Shares included in the preceding clause (2)) plus (4) the total number
     of shares of Common Stock than owned by all Future Tag-Along Rightholders
     with respect to which Future Tag-Along Rightholders are exercising tag
     along rights on sales by the Heartland Selling Stockholders; provided the
     Heartland Selling Stockholders and the Tag-Along Rightholder(s) exercising
     their rights pursuant to this Section 3.1(f)(i) shall sell the entire
     number of Shares required to be sold by such Tag-Along Rightholder(s)
     pursuant to this Section 3.1(f)(i), with the number of Tag-Along
     Securities to be sold to such Tag-Along Third Party Purchaser, the Company
     or any of its subsidiaries by the Heartland Selling Stockholder being
     reduced accordingly.

          (ii)   The Heartland Selling Stockholder shall give the Tag-Along
     Notice at least ten (10) Business Days prior to the proposed consummation
     of such sale, setting forth the name of such Heartland Selling
     Stockholder, the number of Tag-Along Securities, the name and address of
     the proposed Tag-Along Third Party Purchaser, the Company or its
     subsidiaries, as applicable, the proposed amount and form of consideration
     and terms and conditions of payment offered by or to such Tag-Along Third
     Party Purchaser, the Company or its subsidiary, as applicable, the
     percentage of Shares that such Tag-Along Rightholder may sell to such
     Tag-Along Third Party Purchaser,
<PAGE>
                                       -13-

     the Company or its subsidiary, as applicable, (determined in accordance
     with Section 3.1(f)(i)), and a representation that such Tag-Along Third
     Party Purchaser, or the Company or its subsidiary, as applicable, has been
     informed of the "tag-along" rights provided for in this Section 3.1(f) and
     has agreed to purchase Shares in accordance with the terms hereof.  The
     tag-along rights provided by this Section 3.1(f) must be exercised by any
     Tag-Along Rightholder wishing to sell his Shares within ten (10) days
     following receipt of the notice required by the preceding sentence by
     delivery of a written notice to the Heartland Selling Stockholder
     indicating such Tag-Along Rightholder's wish to exercise his rights and
     specifying the number of Shares (up to the maximum number of Shares owned
     by such Tag-Along Rightholder required to be purchased by such Tag-Along
     Third Party Purchaser) he wishes to sell, provided that any Tag-Along
     Rightholder may waive his rights under this Section 3.1(f) prior to the
     expiration of such 10-day period by giving written notice to the Heartland
     Selling Stockholder, with a copy to the Company. The failure of a
     Tag-Along Rightholder to respond within such 10-day period shall be deemed
     to be a waiver of such Tag-Along Rightholder's rights under this Section
     3.1(f).  If a Tag-Along Third Party Purchaser, the Company or its
     subsidiary, as applicable, fails to purchase Shares from any Tag-Along
     Rightholder that has properly exercised his tag-along rights pursuant to
     this Section 3.1(f)(ii), then the Heartland Selling Stockholder shall not
     be permitted to consummate the proposed sale of the Tag-Along Securities,
     and any such attempted sale shall be null and void ab initio.

          (g)   Drag-Along Rights. For so long as Heartland is entitled to the
right to designate directors as set forth in Section 6.3 of the Existing
Stockholders Agreement, in the event that one or more of the Heartland Entities
(the "Drag-Along Rightholders") receive a bona fide offer from a Tag-Along
Third Party Purchaser to purchase (including a purchase by merger) all or
substantially all of the Shares held by the Heartland Entities or all or a
substantial portion of the Common Stock or consolidated assets of the Company,
the Drag-Along Rightholders may send written notice (the "Drag-Along Notice")
to the Company and the other Stockholders (the "Drag-Along Sellers") notifying
them they will be required to sell all (but not less than all) of their Shares
in such sale (or, in the case of a merger or asset sale, vote as stockholders
in favor of such sale). Upon receipt of a Drag-Along Notice, each Drag-Along
Seller receiving such notice shall be obligated to (i) sell all of its Shares
in the transaction (including a sale by merger or asset sale) contemplated by
the Drag-Along Notice for the same consideration per Share and otherwise on the
same terms and conditions as the Drag-Along Rightholders (including payment of
its pro rata share of all costs associated with such transaction) and (ii)
otherwise take all necessary action in its capacity as a stockholder to cause
the consummation of such transaction, including voting its Shares in favor of
such transaction and not exercising any appraisal rights in connection
therewith. The obligations of the Drag-Along Sellers in respect of a
transaction under this Section 3.1(g) are subject to the satisfaction of the
following conditions: (i) upon the consummation of any such transaction,
<PAGE>
                                       -14-

each Drag-Along Seller shall have the right to receive cash and/or other
consideration in the same form and amount per share of consideration paid to
Drag-Along Rightholders in such transaction or any other transaction related
thereto (such as a payment for consulting or management services or non-compete
payments); (ii) if any Drag-Along Seller is given an option as to the form and
amount of consideration to be received, each other Drag-Along Seller will be
given the same option with respect to its applicable pro rata share; and (iii)
no Drag-Along Seller shall be obligated under the terms of any agreement
respecting any transaction subject to this Section 3.1(g) to indemnify any
person in an amount greater than the proceeds to be received by such Drag-Along
Seller in such transaction.

          (h)   Additional Exempt Transfers. Notwithstanding anything to the
contrary contained in this Agreement, the following transfers will not be
subject to the provisions of Section 2.4 or Sections 3.1(a) through (e): a
transfer of any Shares pursuant to Rule 144 or a transfer pursuant to a
registration statement filed under the Securities Act. Any Shares so
transferred will cease to be subject to this Agreement.

          3.2   Involuntary Transfers.

          (a)   Rights of First Offer upon Involuntary Transfer. If an
Involuntary Transfer of any Shares (the "Transferred Shares") owned by any
Stockholder shall occur, then the Investor Stockholders (unless such
Stockholder is the Stockholder transferring the Transferred Shares) and the
Company (for the purpose of Section 3.2, each, an "IT Rightholder" and
collectively, the "IT Rightholders") shall have the same rights as specified in
Sections 3.1(a), 3.1(b) and 3.1(c), respectively, with respect to such
Transferred Shares as if the Involuntary Transfer had been a proposed voluntary
transfer by a Selling Stockholder and shall be governed by Section 3.1 except
that (i) the time periods shall run from the later of the date of agreement as
to the purchase price applicable to such Transferred Shares or with written
determination of Fair Value in accordance with Section 3.2(b), (ii) such rights
shall be exercised by notice to the transferee of such Transferred Shares (the
"Involuntary Transferee") rather than to the Stockholder who suffered or will
suffer the Involuntary Transfer and (iii) the purchase price per Transferred
Share shall be agreed upon by the Involuntary Transferee and the purchasing IT
Rightholders purchasing a majority of the Transferred Shares and/or the
Company, as the case may be; provided, however, that if such parties fail to
agree as to such purchase price, the purchase price shall be the Fair Value
thereof as determined in accordance with Section 3.2(b).

          (b)   Fair Value. If the parties fail to agree upon the purchase price
of the Transferred Shares in accordance with Section 3.2(a) hereof, then the IT
Rightholders or the Company, as the case may be, shall purchase the Transferred
Shares at a purchase price equal to the Fair Value thereof. The Fair Value of
the Transferred Shares shall be determined by a nationally recognized
investment banking firm or nationally recognized expert experienced in
<PAGE>
                                       -15-

the valuation of corporations engaged in the business conducted by the Company.
Within five (5) Business Days after the date the applicable parties determine
that they cannot agree as to the purchase price, the Involuntary Transferee and
the Board of Directors (in the case of a purchase by the Company), or the
purchasing IT Rightholders purchasing a majority of the Transferred Shares
being purchased by the purchasing IT Rightholders (if the Company is not
purchasing any Transferred Shares), or the Board of Directors and such
purchasing IT Rightholders jointly (in the case of a purchase by the Company
and IT Rightholders), as the case may be, shall designate one such appraiser
that is willing and able to conduct such determination. If either the
Involuntary Transferee or the Board of Directors or the purchasing IT
Rightholders or both, or all, as the case may be, fails to make such
designation within such period, then any other party may apply to the American
Arbitration Association or a court of appropriate jurisdiction for the
appointment of such an appraiser. The appraiser shall conduct its determination
as promptly as practicable, and the Fair Value of the Transferred Shares shall
be determined by such appraiser. Such determination shall be final and binding
on the Involuntary Transferee, the Company and the IT Rightholders. The
Involuntary Transferee shall be responsible for one-half the fees and expenses
of the appraiser designated by or on behalf of it, and the Company and/or the
purchasing IT Rightholders in proportion to the ratio in which they are
purchasing Transferred Shares shall be responsible for one-half of the fees and
expenses of the appraiser. For purposes of this Section 3.2(b), the "Fair
Value" of the Transferred Shares means the fair market value of such
Transferred Shares determined in accordance with this Section 3.2(b) based upon
all considerations that the appraiser determines to be relevant.

          (c)   Closing. The closing of any purchase under this Section 3.2
shall be held at the executive office of the Company at 11:00 a.m., local time,
on the earlier to occur of (a) the fifth Business Day after the purchase price
per Transferred Share shall have been agreed upon by the Involuntary Transferee
and the Company or the purchasing IT Rightholders, as the case may be, in
accordance with Section 3.2(a)(iii), or (b) the fifth Business Day after the
determination of the Fair Value of the Transferred Shares in accordance with
Section 3.2(b), or at such other time and place as the parties to the
transaction may agree. At such closing, the Involuntary Transferee shall
deliver certificates, if applicable, or other instruments or documents
representing the Transferred Shares being purchased under this Section 3.2,
duly endorsed with a signature guarantee for transfer and accompanied by all
requisite transfer taxes, if any, and such Transferred Shares shall be free and
clear of any Liens (other than those arising hereunder) arising through the
action or inaction of the Involuntary Transferee and the Involuntary Transferee
shall so represent and warrant, and further represent and warrant that it is
the beneficial owner of such Transferred Shares. The Company or each IT
Rightholder, as the case may be, purchasing such Transferred Shares shall
deliver at closing payment in full in immediately available funds for such
Transferred Shares. At such closing, all parties to the transaction shall
execute such additional documents as are otherwise necessary or appropriate.
<PAGE>
                                       -16-

          (d)   General. In the event that the provisions of this Section 3.2
shall be held to be unenforceable with respect to any particular Involuntary
Transfer, the Company and the IT Rightholders shall have the rights specified
in Sections 3.1(b) and 3.1(c), respectively, with respect to any transfer by an
Involuntary Transferee of such Shares, and each IT Rightholder agrees that any
Involuntary Transfer shall be subject to such rights, in which case the
Involuntary Transferee shall be deemed to be the Selling Stockholder for
purposes of Section 3.1 of this Agreement and shall be bound by the provisions
of Section 3.1 and other related provisions of this Agreement.

          3.3   Prohibition on Encumbrance. No Stockholder shall pledge,
hypothecate, grant a security interest in or subject to a Lien any of the
shares of Common Stock held by it; provided, however, that a Stockholder may
pledge, hypothecate, grant a security interest in or subject to a Lien such
shares to a Person described in clause (iii) of the definition of "Permitted
Transferee".

          3.4.   Certain Transactions. Except for an Exempt Issuance, subject to
the last sentence below, the Heartland Entities shall not acquire from the
Company or any of its subsidiaries any Common Stock of the Company or any other
securities convertible into or exchangeable for Common Stock of the Company
(collectively, "New Securities") unless the Heartland Entities shall offer to
each of the New Stockholders an opportunity to participate therein on a pro
rata basis in the manner set forth in this Section 3.4 by sending a written
notice (the "New Issuance Notice") to the New Stockholders, which New Issuance
Notice shall state (x) the number of New Securities proposed to be issued and
(y) the proposed purchase price per security of the New Securities (the
"Proposed Price"). Subject to the last sentence below, upon delivery of the New
Issuance Notice, such offer shall be irrevocable unless and until the rights
provided for in this Section 3.4 shall have been waived or shall have expired.
For a period of twenty (20) days after the giving of the New Issuance Notice,
each of the New Stockholders shall have the right to purchase its Proportionate
Percentage (as hereinafter defined) of the New Securities, at a purchase price
equal to the Proposed Price and upon the same terms and conditions set forth in
the New Issuance Notice. Each such New Stockholder shall have the right to
purchase that percentage of the New Securities determined pro rata based on the
number of Shares then owned by the Investor Stockholders, the other parties to
the Existing Stockholders Agreement and the New Stockholders that were acquired
directly from the Company or any subsidiary of the Company, whether pursuant to
this Stockholders Agreement or in issuances made in compliance with this
Section 3.4 or otherwise, as applicable (the "Proportionate Percentage"). The
rights of each New Stockholder to purchase the New Securities shall be
exercisable by delivering written notice of the exercise thereof prior to the
expiration of the 20-day period referred to above to the Heartland Entities,
which notice shall state the amount of New Securities that such New Stockholder
elects to purchase pursuant to this Section 3.4. The failure of a New
Stockholder to respond within such 20-day period shall be deemed to be a waiver
of such New Stockholder's rights under this Section 3.4,
<PAGE>
                                       -17-

provided that each New Stockholder may waive its rights under this Section 3.4
prior to the expiration of such 20-day period by giving written notice to the
Company. Where reasonably possible, the Heartland Entities shall give the New
Issuance Notice at least 20 days prior to the issuance of New Securities to the
Heartland Entities, but in any event, such notice shall be given not later than
five (5) days following any such issuance.  It is understood that the
obligation to provide the New Stockholders with an opportunity to purchase
their Proportionate Percentage of New Securities will be reduced to the extent
that such opportunity is afforded directly by the Company or any subsidiary of
the Company to such New Stockholder. The Heartland Entities will use
commercially reasonable best efforts to accommodate the intent and purposes of
the foregoing provisions.  Notwithstanding the foregoing, the Heartland
Entities shall not be required to comply with the foregoing provisions of
Section 3.4 if: (1) compliance would delay or have a material adverse impact
upon any financing or other significant business activity of the Company,
whether by reason of timing, the extent of the investment to be made by the New
Stockholders or otherwise, in the good faith judgment of the Company, or (2)
after giving effect to the exercise of any similar rights under the Existing
Stockholders Agreement, to the extent that the Heartland Entities would not be
entitled to their Proportionate Percentage of the New Securities (which will
result in a reduction in the amount to which the New Stockholders will be
entitled) or (3) the exercise of such rights by any New Stockholder would
conflict with the Existing Stockholders Agreement or any constituent agreement
of any Heartland Entity by reason of any investment in any Heartland Entity by
a New Stockholder.

          3.5   Waiver of Right to Participate in Proposed Offering. Each New
Stockholder hereby irrevocably waives on behalf of itself and each transferee
to whom it may transfer Shares (whether or not a Permitted Transferee) any
right such New Stockholder or transferee, as the case may be, may have to
participate in the proposed offering of the Company's Common Stock to its
existing stockholders the net proceeds of which are to be applied towards the
purchase price for the acquisition of TAC-Trim.
<PAGE>
                                       -18-

                                   ARTICLE IV

                             [INTENTIONALLY OMITTED]

                                    ARTICLE V

                AFTER-ACQUIRED SECURITIES; AGREEMENT TO BE BOUND

          5.1   After-Acquired Securities. Except as otherwise provided herein,
all of the provisions of this Agreement shall apply to all of the Shares and
Common Stock Equivalents (a) in the case of the Becker Investors, owned or
acquired pursuant to the Merger Agreement, (b) in the case of the Joan
Investors, owned or acquired pursuant to the J Transaction and (c) in each case
owned or acquired on or after the date hereof, which may be issued or
transferred hereafter to a Stockholder in consequence of any additional
issuance, purchase, exchange or reclassification of any of such Shares or
Common Stock Equivalents, corporate reorganization, or any other form of
recapitalization, consolidation, merger, share split or share dividend, or
which are acquired by a Stockholder in any other manner, except to the extent
any such securities would not be Registrable Securities( as defined in the
Registration Rights Agreement.)

          5.2   Beneficial Ownership. In making calculations under this
Agreement, no Shares or Common Stock Equivalents owned by any Stockholder shall
be deemed to be beneficially owned by any other Stockholder solely because of
this Agreement and the transactions contemplated hereby.

                                   ARTICLE VI

                              CORPORATE GOVERNANCE

          6.1   General. Each New Stockholder agrees to vote its, her or his
shares of Common Stock to approve the identified potential matters to be
presented for shareholder approval and set forth in Schedule 6.1 separately
delivered (the "Matters"). From and after the execution of this Agreement, each
New Stockholder shall vote its Shares at any regular or special meeting of
stockholders of the Company (a "Stockholders Meeting") or in any written
consent executed in lieu of a Stockholders Meeting (a "Written Consent"), and
shall take all other actions as a shareholder necessary, to give effect to the
Matters. In addition, each New Stockholder shall vote his, her or its Shares at
any Stockholders Meeting or act by Written Consent with respect to such Shares,
upon any matter submitted for action by the Company's
<PAGE>
                                       -19-

stockholders or with respect to which such Stockholder may vote or act by
Written Consent, in conformity with the specific terms and provisions of this
Agreement, the Charter Documents and the Matters.

          6.2   Election of Directors. (a) Each Stockholder, other than any
Stockholder that is a Joan Stockholder or a Permitted Transferee of a Joan
Stockholder, shall vote its Shares at any Stockholders Meeting, or act by
Written Consent with respect to such Shares, and take all other actions
necessary to ensure that, subject to Section 6.3(a), Charles E. Becker is a
member of the Board of Directors and Vice Chairman of the Board of Directors so
long as the Becker Stockholders continue to hold at least 25% of the Shares
(subject to equitable adjustments for stock splits, stock combinations and
similar events) which the Becker Stockholders hold on the date hereof after
giving effect to the transactions contemplated by the Merger Agreement.

          (b)   Each Stockholder shall vote its Shares at any Stockholders
Meeting, or act by Written Consent with respect to such Shares, and take all
other actions necessary to ensure that, subject to Section 6.3(b), Elkin
McCallum is a member of the Board of Directors so long as the Joan Stockholders
continue to hold at least 25% of the Shares (subject to equitable adjustments
for stock splits, stock combinations and similar events) which the Joan
Stockholders hold on the date hereof after giving effect to the J Transaction.

          6.3   Vacancy. (a) If at any time, a vacancy is created on the Board
of Directors by reason of the incapacity or death of Charles E. Becker and for
as long as Mr. Becker and/or his Direct Permitted Transferees own Shares in the
requisite amounts under Section 6.2(a), his executor, heir or legal
representative that inherits or exercises authority with respect to any Shares
held (or formerly held) by him may designate a replacement director to fill the
vacancy; provided that no such replacement person shall be entitled to serve as
Vice Chairman of the Board of Directors solely by virtue of such designation.
If at any time Charles E. Becker shall have resigned from the Board of
Directors (other than as a result of his incapacity or death) and for as long
as Mr.  Becker and/or his Direct Permitted Transferees own Shares in the
requisite amounts under Section 6.2(a) such that Mr. Becker would be entitled
to be a member of the Board of Directors, Mr. Becker shall by written
instrument filed with the Secretary of the Company have the right to attend as
an observer (or in the case of telephonic meetings, monitor) all meetings of
the Board of Directors of the Company and each committee thereof and to
participate in all discussions held at such meetings; provided that Mr. Becker
shall not in such capacity as an observer be considered a member of the Board
of Directors or be entitled to vote or consent with respect to any matter
brought before the Board of Directors.

          (b)   If at any time, a vacancy is created on the Board of Directors
by reason of the incapacity or death of Elkin McCallum and for as long as Joan
Fabrics Corporation, JFC
<PAGE>
                                       -20-

Holdings Trust, Mr. McCallum and/or the Direct Permitted Transferees of any of
them own Shares in the requisite amounts under Section 6.2(b), his executor,
heir or legal representative that inherits or exercises authority with respect
to any Shares held (or formerly held) by him may designate a replacement
director to fill the vacancy. If at any time Elkin McCallum shall have resigned
from the Board of Directors (other than as a result of his incapacity or death)
and for as long as Joan Fabrics Corporation, JFC Holdings Trust, Mr. McCallum
and/or the Direct Permitted Transferees of any of them own Shares in the
requisite amounts under Section 6.2(b) such that Mr.  McCallum would be
entitled to be a member of the Board of Directors, Mr.  McCallum shall by
written instrument filed with the Secretary of the Company have the right to
attend as an observer (or in the case of telephonic meetings, monitor) all
meetings of the Board of Directors of the Company and each committee thereof
and to participate in all discussions held at such meetings; provided that Mr.
McCallum shall not in such capacity as an observer be considered a member of
the Board of Directors or be entitled to vote or consent with respect to any
matter brought before the Board of Directors.

          (c)   Upon receipt of notice of the designation of a nominee pursuant
to Section 6.3(a) or 6.3(b), each Stockholder shall, as soon as practicable
after the date of such notice, take all reasonable actions, including the
voting of its Shares or executing a Written Consent, to elect the director so
designated to fill the vacancy; provided, however, nothing in this Section 6.3
or in Section 6.2 shall require any person to serve as a member of the Board of
Directors or to designate a successor member to the Board of Directors.

          6.4   Reimbursement of Expenses; D&O Insurance. The Company shall
reimburse each of Charles E. Becker and Elkin McCallum or their respective
designees pursuant to Section 6.3 for all reasonable travel and accommodation
expenses incurred by him in connection with attendance at meetings of the Board
of Directors and committees thereof upon presentation of appropriate
documentation therefor.

                                   ARTICLE VII

                                    COVENANTS

          7.1   Financial Statements and Other Information. The Company shall
deliver to each New Stockholder such financial statements (including monthly
financial statements), reports and information as may be reasonably requested
by any of the New Stockholders, including a copy of any filings by the Company
with the Commission.

          7.2   Inspection. The Company shall permit representatives of the
initial New Stockholders party to the Merger Agreement or the definitive
documentation for the J Transaction to visit and inspect any of its properties,
to examine its corporate, financial and operating
<PAGE>
                                       -21-

records and make copies thereof or abstracts therefrom, and to discuss its
affairs, finances and accounts with their respective directors, officers and
independent public accountants, all at such reasonable times during normal
business hours and as often as may be reasonably requested upon reasonable
advance notice to the Company. No Stockholder, which directly or together with
its Affiliates or Direct Permitted Transferees beneficially owns less than 5%
of the outstanding Common Stock shall be entitled to any of the rights under
this Section 7.2.

                                  ARTICLE VIII

                            STOCK CERTIFICATE LEGEND

          8.1   A copy of this Agreement shall be filed with the Secretary of
the Company and kept with the records of the Company. Each certificate
representing Shares now held or hereafter acquired by any Stockholder shall for
as long as this Agreement is effective (until a transfer pursuant to Rule 144
or an effective registration statement filed under the Securities Act) bear
legends substantially in the following forms:

     THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
     UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
     QUALIFIED UNDER ANY STATE SECURITIES LAWS, AND MAY NOT BE TRANSFERRED,
     SOLD OR OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION STATEMENT IS IN
     EFFECT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE
     SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. THE HOLDER OF THIS
     SECURITY IS SUBJECT TO THE APPLICABLE TERMS OF THE STOCKHOLDERS AGREEMENT,
     DATED AS OF JULY 3, 2001, AND THE REGISTRATION RIGHTS AGREEMENT, DATED AS
     OF JULY 3, 2001. COPIES OF SUCH AGREEMENTS ARE AVAILABLE AT THE OFFICES OF
     THE ISSUER.

                                   ARTICLE IX

                                  MISCELLANEOUS

          9.1   Recapitalizations, Exchanges, etc. The provisions of this
Agreement shall apply to the full extent set forth herein with respect to (i)
the shares of Common Stock, (ii) any and all shares of common stock of the
Company into which the shares of Common
<PAGE>
                                       -22-

Stock are converted, exchanged or substituted in any recapitalization or other
capital reorganization by the Company and (iii) any and all equity securities
of the Company or any successor or assign of the Company (whether by merger,
consolidation, sale of assets or otherwise) which may be issued in respect of,
in conversion of, in exchange for or in substitution of, the shares of Common
Stock and shall be appropriately adjusted for any stock dividends, splits,
reverse splits, combinations, recapitalizations and the like occurring after
the date hereof. The Company shall cause any successor or assign (whether by
merger, consolidation, sale of assets or otherwise) to assume this Agreement
with the Designated Holders (as defined in the Registration Rights Agreement)
on terms substantially the same as this Agreement as a condition of any such
transaction.

          9.2   Notices. All notices, demands or other communications provided
for or permitted hereunder shall be made in writing and shall be by telecopier,
courier service, or personal delivery:

               (a)    Collins & Aikman Corporation
                      5755 New King Court
                      Troy, Michigan  48098
                      Telecopy:    (248) 824-1512
                      Attention:   Thomas E. Evans, CEO
                      Telecopy:    (248) 824-1882
                      Attention:   Ronald T. Lindsay, General Counsel

                      with copies to:

                      Cahill Gordon & Reindel
                      80 Pine Street
                      17th Floor
                      New York, New York  10005
                      Telecopy:    (212) 269-5420
                      Attention:   W. Leslie Duffy, Esq.
                                   Jonathan A. Schaffzin, Esq.

               (b)    if to the Heartland Entities:

                      Heartland Industrial Partners, L.P.
                      55 Railroad Avenue
                      First Floor
                      Greenwich, Connecticut  06830
                      Telecopy:    (203) 861-2722
                      Attention:   David A. Stockman
<PAGE>
                                       -23-

                      with a copy to:

                      Cahill Gordon & Reindel
                      80 Pine Street
                      17th Floor
                      New York, New York  10005
                      Telecopy:    (212) 269-5420
                      Attention:   W. Leslie Duffy, Esq.
                                   Jonathan A. Schaffzin, Esq.

               (c)    if to Becker Stockholders:

                      Becker Ventures, L.L.C.
                      6600 East 15 Mile Road
                      Sterling Heights, Michigan 48312
                      Telecopy:    (810) 979-1634
                      Attention: Michael E. McInerney

                      with a copy to:

                      Clark Hill PLC
                      500 Woodward Avenue, Suite 3500
                      Detroit, Michigan  48226-3435
                      Telecopy:    (313) 965-8252
                      Attention:   D. Kerry Crenshaw, Esq.

               (d)    if to Joan Stockholders:

                      Joan Fabrics Corporation
                      100 Vesper Executive Park
                      Tyngsboro, MA 01879
                      Telecopy: (978) 649-9142
                      Attention:  Elkin McCallum

                      with a copy to

                      Goulston & Storrs, P.C.
                      400 Atlantic Avenue
                      Boston, MA 02110
                      Telecopy: (617) 574-4112
                      Attention:  Donald L. Shulman, Esq.
<PAGE>
                                       -24-

               (e)   if to any other Stockholder, at its address as it appears
                     on the record books of the Company.

All such notices, demands and other communications shall be deemed to have been
duly given when delivered by hand, if personally delivered; when delivered by
courier, if delivered by commercial courier service; and when receipt is
mechanically acknowledged, if telecopied. Any party may by notice given in
accordance with this Section 9.2 designate another address or Person for
receipt of notices hereunder and the Company shall update its record books
accordingly.

          9.3   Successors and Assigns; Third Party Beneficiaries. This
Agreement shall inure to the benefit of and be binding upon successors and
permitted assigns of the parties hereto. This Agreement is not assignable
except in connection with a transfer of Shares in accordance with this
Agreement. No Person other than the parties hereto and their successors and
permitted assigns is intended to be a beneficiary of this Agreement.

          9.4   Amendment and Waiver.

          (a)   Except as set forth herein, no failure or delay on the part of
any party hereto in exercising any right, power or remedy hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any
such right, power or remedy preclude any other or further exercise thereof or
the exercise of any other right, power or remedy. The remedies provided for
herein are cumulative and are not exclusive of any remedies that may be
available to the parties hereto at law, in equity or otherwise.

          (b)   Any amendment, supplement or modification of or to any provision
of this Agreement, any waiver of any provision of this Agreement, and any
consent to any departure by any party from the terms of any provision of this
Agreement, shall be effective only if it is made or given in writing and signed
by (i) the Company, (ii) Heartland, (iii) a Majority of the Becker Stockholders
(as defined in the Registration Rights Agreement) and (iv) a Majority of the
Joan Stockholders (as defined in the Registration Rights Agreement), in each
case, to the extent such Stockholder group is adversely affected by such
amendment, supplement, modification, waiver, consent or departure. Any such
amendment, supplement, modification, waiver or consent shall be binding upon
the Company and all of the Stockholders.

          9.5   Counterparts. This Agreement may be executed in any number of
counterparts, and by the parties hereto in separate counterparts each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

          9.6   Specific Performance. The parties hereto intend that each of the
parties have the right to seek damages or specific performance in the event
that any other party hereto
<PAGE>
                                       -25-

fails to perform such party's obligations hereunder. Therefore, if any party
shall institute any action or proceeding to enforce the provisions hereof, any
party against whom such action or proceeding is brought hereby waives any claim
or defense therein that the party seeking the injunction has an adequate remedy
at law.

          9.7   Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

          9.8   GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO THE
PRINCIPLES OF CONFLICTS OF LAW THEREOF.

          9.9   Severability. If any one or more of the provisions contained
herein, or the application thereof in any circumstance, is held invalid,
illegal or unenforceable in any respect for any reason, the validity, legality
and enforceability of any such provision in every other respect and of the
remaining provisions hereof shall not be in any way impaired, unless the
provisions held invalid, illegal or unenforceable shall materially impair the
benefits of the remaining provisions hereof.

          9.10   Rules of Construction. Unless the context otherwise requires,
references to sections or subsections refer to sections or subsections of this
Agreement.

          9.11   Entire Agreement. This Agreement, together with the exhibits
and schedules hereto, is intended by the parties as a final expression of their
agreement and intended to be a complete and exclusive statement of the
agreement and understanding of the parties hereto in respect of the subject
matter contained herein and therein.  There are no restrictions, promises,
representations, warranties or undertakings, other than those set forth or
referred to herein or therein. This Agreement, together with the exhibits and
schedules hereto, supersedes all prior agreements and understandings among the
parties with respect to such subject matter.

          9.12   Further Assurances. Each of the parties shall, and shall cause
their respective Affiliates to, execute such documents and perform such further
acts as may be reasonably required or desirable to carry out or to perform the
provisions of this agreement.

                  [Remainder of page intentionally left blank]
<PAGE>
                                       S-1

          IN WITNESS WHEREOF, the undersigned have executed, or have
caused to be executed this Agreement on the date first written above.

                                     COLLINS & AIKMAN CORPORATION

                                     By: _______________________________________
                                          Name:
                                          Title:

                                     HEARTLAND INDUSTRIAL PARTNERS, L.P.
                                     By:  Heartland Industrial Associates,
                                          L.L.C. its general partner

                                     By: _______________________________________
                                          Name:
                                          Title:

                                     HEARTLAND INDUSTRIAL PARTNERS (FF), L.P.
                                     By:  Heartland Industrial Associates,
                                          L.L.C. its general partner

                                     By: _______________________________________
                                          Name:
                                          Title:

                                     HEARTLAND INDUSTRIAL PARTNERS (E1), L.P.
                                     By:  Heartland Industrial Associates,
                                          L.L.C. its general partner

                                     By: _______________________________________
                                          Name:
                                          Title:
<PAGE>
                                     HEARTLAND INDUSTRIAL PARTNERS (K1), L.P.
                                     By:  Heartland Industrial Associates,
                                          L.L.C. its general partner

                                     By: _______________________________________
                                          Name:
                                          Title:

                                     HEARTLAND INDUSTRIAL PARTNERS (C1), L.P.
                                     By:  Heartland Industrial Associates,
                                          L.L.C. its general partner

                                     By: _______________________________________
                                          Name:
                                          Title:

                                     CHARLES BECKER, a Becker Investor

                                     __________________________________________

                                     MICHAEL E. MCINERNEY, a Becker Investor

                                     __________________________________________

                                     JENS HOHNEL, a Becker Investor

                                     __________________________________________
<PAGE>
                                     JOAN FABRICS CORPORATION

                                     By: _______________________________________
                                         Name:  Elkin McCallum
                                         Title: Chairman of the Board; Chief
                                                Executive Officer

                                     JFC HOLDINGS TRUST

                                     By: _______________________________________
                                          Elkin McCallum, as Trustee and not
                                          individually

                                     ELKIN MCCALLUM, a Joan Investor

                                     __________________________________________

                                     DONNA MCCALLUM, a Joan Investor

                                     __________________________________________
<PAGE>
                                                                       EXHIBIT A

                          ACKNOWLEDGMENT AND AGREEMENT

          The undersigned wishes to receive from [NAME] ("Transferor") certain
shares or certain options, warrants or other rights to purchase [NUMBER]
shares, par value $[NUMBER] per share, of Common Stock (the "Shares") of
Collins & Aikman Corporation, a Delaware corporation (the "Company");

          The Shares are subject to the Stockholders Agreement, dated July 3,
2001 (the "Agreement"), among the Company and the other parties listed on the
signature pages thereto;

          The undersigned has been given a copy of the Agreement and afforded
ample opportunity to read and to have counsel review it, and the undersigned is
thoroughly familiar with its terms;

          Pursuant to the terms of the Agreement, the Transferor is prohibited
from transferring such Shares and the Company is prohibited from registering
the transfer of the Shares unless and until a transfer is made in accordance
with the terms and conditions of the Agreement and the recipient of such Shares
acknowledges the terms and conditions of the Agreement and agrees to be bound
thereby; and

          The undersigned wishes to receive such Shares and have the Company
register the transfer of such Shares.

          In consideration of the mutual promises contained herein and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, and to induce the Transferor to transfer such shares to
the undersigned and the Company to register such transfer, the undersigned does
hereby acknowledge and agree that (i) he[/she] has been given a copy of the
Agreement and afforded ample opportunity to read and to have counsel review it,
and the undersigned is thoroughly familiar with its terms, (ii) the Shares are
subject to the terms and conditions set forth in the Agreement, and (iii) the
undersigned does hereby agree fully to be bound thereby as an ["Investor
Stockholder"] ["Becker Stockholder"] ["Joan Stockholder"] (as therein defined).

          This ____________ day of ________, 20__.
<PAGE>
                                                                    SCHEDULE 6.1

          The Matters referred to in Section 6.1 of the Stockholders Agreement
are as follows:

          (a)   Each New Stockholder agrees to vote its, his or her shares of
Common Stock to effect:

          (1)   any necessary approvals or consents to effectuate the proposed
                acquisition by Collins & Aikman Corporation (or any successor
                thereto or parent thereof) or any of its affiliates of Joan
                Fabrics and its affiliates;

          (2)   any necessary approvals or consents to effectuate the potential
                acquisition by Collins & Aikman Corporation (or any successor
                thereto or parent thereof) or any of its affiliates of
                businesses identified as TAC-Trim; and

          (3)   any necessary approvals or consents to create a new holding
                company for Collins & Aikman Corporation.

          (b)   Each of the Becker Stockholders agrees to vote its, his or her
shares of Common Stock to approve the election of designees of Heartland
Industrial Partners, L.P. as directors of Collins & Aikman Corporation (or any
successor thereto or parent thereof).<PAGE>
                                                                 EXHIBIT 10.86
                                          (AS AMENDED AS OF SEPTEMBER 21, 2001)

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

                          REGISTRATION RIGHTS AGREEMENT

                                  by and among

                               CHARLES E. BECKER,

                              MICHAEL E. McINERNEY,

                                  JENS HOHNEL

                                      and

                               THE JOAN INVESTORS

                                      and

                          COLLINS & AIKMAN CORPORATION

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

                              Dated: July 3, 2001

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

================================================================================
<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                   PAGE
                                                                                                   ----
<S>                                                                                                <C>
                                    ARTICLE I

                                   DEFINITIONS

1.1        Definitions...........................................................................    2

                                   ARTICLE II

                  GENERAL; SECURITIES SUBJECT TO THIS AGREEMENT

2.1        Grant of Rights.......................................................................    5
2.2        Registrable Securities................................................................    5
2.3        Holders of Registrable Securities.....................................................    6

                                   ARTICLE III

                               DEMAND REGISTRATION

3.1        Request for Demand Registration.......................................................    6
3.2        Incidental or "Piggy-Back" Rights with Respect to a Demand Registration...............    7
3.3        Effective Demand Registration.........................................................    8
3.4        Expenses..............................................................................    9
3.5        Underwriting Procedures...............................................................    9
3.6        Selection of Underwriters.............................................................   10
3.7        Company Preemption Right; Other Registration Rights Agreement.........................   10

                                   ARTICLE IV

                     INCIDENTAL OR "PIGGY-BACK" REGISTRATION

4.1        Request for Incidental Registration...................................................   10
4.2        Expenses..............................................................................   11

                                    ARTICLE V

                               HOLDBACK AGREEMENTS

5.1        Restrictions on Public Sale by Designated Holders.....................................   12
</TABLE>

                                      -i-
<PAGE>
<TABLE>
<CAPTION>
                                                                                                   PAGE
                                                                                                   ----
<S>                                                                                                <C>
5.2        Restrictions on Public Sale by the Company............................................   12

                                   ARTICLE VI

                             REGISTRATION PROCEDURES

6.1        Obligations of the Company............................................................   13
6.2        Seller Information....................................................................   16
6.3        Notice to Discontinue.................................................................   17
6.4        Registration Expenses.................................................................   17

                                   ARTICLE VII

                          INDEMNIFICATION; CONTRIBUTION

7.1        Indemnification by the Company........................................................   18
7.2        Indemnification by Designated Holders.................................................   18
7.3        Conduct of Indemnification Proceedings................................................   19
7.4        Contribution..........................................................................   20

                                  ARTICLE VIII

                                    COVENANTS

8.1        Rule 144..............................................................................   20
8.2        Wasserstein and Blackstone Priority of Sale...........................................   21

                                   ARTICLE IX

                                  MISCELLANEOUS

9.1        Recapitalizations, Exchanges, etc.....................................................   21
9.2        No Inconsistent Agreements; Timing of Demand Notices..................................   21
9.3        Remedies..............................................................................   22
9.4        Notices...............................................................................   22
9.5        Successors and Assigns; Third Party Beneficiaries.....................................   23
9.6        Amendments and Waivers................................................................   24
9.7        Counterparts..........................................................................   24
9.8        Headings..............................................................................   24
9.9        GOVERNING LAW.........................................................................   24
9.10       Severability..........................................................................   25
9.11       Rules of Construction.................................................................   25
</TABLE>

                                      -ii-
<PAGE>
<TABLE>
<CAPTION>
                                                                                                   PAGE
                                                                                                   ----
<S>                                                                                                <C>
9.12       Entire Agreement......................................................................   25
9.13       Further Assurances....................................................................   25
9.14       Other Agreements......................................................................   25
</TABLE>

                                      -iii-
<PAGE>
                          REGISTRATION RIGHTS AGREEMENT

          REGISTRATION RIGHTS AGREEMENT, dated July 3, 2001, by and among
Collins & Aikman Corporation, a Delaware corporation (the "Company"), Charles
E. Becker, Michael E. McInerney and Jens Hohnel (the "Becker Investors") and
the Joan Investors (as defined below), if any, added as parties hereto.

          WHEREAS, pursuant to an Agreement and Plan of Merger, dated May 14,
2001 (the "Merger Agreement"), by and among the Company, Collins & Aikman
Products Co. and the Becker Investors, the Becker Investors will receive (x) an
aggregate of 17,000,000 shares of common stock, par value $0.01 per share (the
"Common Stock"), of the Company and (y) warrants to purchase an aggregate of
500,000 shares (the "Warrant Shares") of Common Stock;

          WHEREAS, concurrently herewith, the Company and the Becker Investors
are entering into the Stockholders Agreement (as hereinafter defined), pursuant
to which the parties thereto have agreed to, among other things, certain first
offer and tag-along rights;

          WHEREAS, in order to induce each of the Becker Investors to purchase
its shares of Common Stock as provided in the Merger Agreement, the Company has
agreed to grant registration rights with respect to the Registrable Securities
(as hereinafter defined) as set forth in this Agreement; and

          WHEREAS, the acquisition of Joan Automotive Industries, Inc.  is
under consideration and remains subject to the negotiation of terms and
definitive documentation at the time that the Merger Agreement has been signed,
and the Becker Investors and the Company intend that, to the extent shares of
Common Stock are issued in connection with such acquisition, the recipients
(the "Joan Investors") of such shares receive the rights provided herein
pursuant to the same documentation to the extent agreed to by the Joan
Investors by executing the signature pages hereto (the "Joan Transaction").

          NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth herein and for good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the parties hereto agree as
follows:
<PAGE>
                                      -2-

                                    ARTICLE I

                                   DEFINITIONS

          1.1   Definitions. As used in this Agreement, and unless the context
requires a different meaning, the following terms have the meanings indicated:

          "Affiliate" has the meaning specified in the Stockholders Agreement;
provided that, for purposes of Section 5.1 hereof, a Person shall not
be deemed to be an Affiliate of a Designated Holder merely due to the fact that
such Designated Holder is a member of the board of directors or similar
governing body of the aforementioned Person.

          "Agreement" means this Agreement as the same may be amended,
supplemented or modified in accordance with the terms hereof.

          "Approved Underwriter" has the meaning set forth in Section 3.6.

          "Becker Investors" has the meaning set forth in the preamble to this
Agreement.

          "Becker Stockholders" means the Becker Investors and their Direct
Permitted Transferees to whom Registrable Securities are transferred in
accordance with Section 2.2 of the Stockholders Agreement and Section 9.5 of
this Agreement.

          "Board of Directors" means the Board of Directors of the Company.

          "Business Day" means any day other than a Saturday, Sunday or other
day on which commercial banks in the State of New York are authorized or
required by law or executive order to close.

          "Commission" means the Securities and Exchange Commission or any
similar agency then having jurisdiction to enforce the Securities Act.

          "Common Stock" has the meaning set forth in the preamble to this
Agreement or any other capital stock of the Company into which such stock is
reclassified or reconstituted and any other common stock of the Company.

          "Company" has the meaning set forth in the preamble to this Agreement
and shall mean any successor thereto that has issued common stock in exchange
for any Common Stock in connection with any merger or consolidation in which
Common Stock of the Company is converted or exchanged, in whole or in part,
into such common stock.
<PAGE>
                                      -3-

          "Company Offering" has the meaning set forth in Section 4.1.

          "Company Underwriter" has the meaning set forth in Section 4.1.

          "day" means any calendar day.

          "Demand Registration" has the meaning set forth in Section 3.1.

          "Designated Holder" means each of the Becker Stockholders and the
Joan Stockholders and any transferee of any of them to whom Registrable
Securities have been transferred in accordance with Section 9.5, other than a
transferee to whom Registrable Securities have been transferred pursuant to a
Registration Statement under the Securities Act or Rule 144 under the Securities
Act (or any successor rule thereto).

          "Direct Permitted Transferee" has the meaning ascribed to such term
in the Stockholders Agreement.

          "Exchange Act" means the United States Securities Exchange Act of
1934, as amended, and the rules and regulations of the Commission thereunder.

          "Existing Registration Rights Agreement" means the Registration
Rights Agreement dated February 23, 2001 among Blackstone Capital Company II,
L.L.C., Heartland Industrial Partners, L.P. and the other named Heartland
Entities, Wasserstein/C&A Holdings, L.L.C. and the Company, as amended or
modified in accordance with its terms.

          "Future Designated Holder" means each of (i) Textron Inc.
("Textron"), (ii) the New Private Equity Holders and (iii) any other Person
that directly or indirectly acquires shares of Common Stock of the Company from
Textron or any New Private Equity Holder and that is entitled to demand
registration rights pursuant to the terms of one or more registration rights
agreements entered into from time to time between the Company, on the one hand,
and Textron or one or more New Private Equity Holders, on the other hand.

          "Holders' Counsel" has the meaning set forth in Section 6.1(a).

          "Incidental Registration" has the meaning set forth in Section 4.1.

          "Indemnified Party" has the meaning set forth in Section 7.3.

          "Indemnifying Party" has the meaning set forth in Section 7.3.

          "Initiating Becker Holders" has the meaning set forth in Section 3.1.

          "Initiating Holders" has the meaning set forth in Section 3.1.
<PAGE>
                                      -4-

          "Initiating Joan Holders" has the meaning set forth in Section 3.1.

          "Inspector" has the meaning set forth in Section 6.1(g).

          "Joan Transaction" has meaning set forth in the preamble to this
Agreement.

          "Joan Investors" has the meaning set forth in the preamble to this
Agreement.

          "Joan Stockholders" means each Joan Investor and any Direct
Permitted Transferee thereof to whom Registrable Securities are transferred in
accordance with Section 2.2 of the Stockholders Agreement and Section 9.5 of
this Agreement.

          "Liability" has the meaning set forth in Section 7.1.

          "Majority of Becker Stockholders" means the Becker Stockholders
holding a majority of the Registrable Securities held by all Becker
Stockholders.

          "Majority of the Joan Stockholders" means the Joan Stockholders
holding a majority of the Registrable Securities held by all Joan
Stockholders.

          "Merger Agreement" has the meaning set forth in the preamble to this
Agreement.

          "NASD" means the National Association of Securities Dealers, Inc.

          "New Private Equity Holders" means those Persons purchasing Common
Stock to finance, in part, the transactions contemplated by the proposed
transaction with Textron previously disclosed to each of the Becker Investors
and the Joan Investors.

          "Non-Designated Stockholder" has the meaning set forth in Section
4.1.

          "Non-Designated Stockholder Offering" has the meaning set forth in
Section 4.1.

          "Person" means any individual, firm, corporation, partnership, trust,
incorporated or unincorporated association, joint venture, joint stock company,
limited liability company, government (or an agency or political subdivision
thereof) or other entity of any kind, and shall include any successor (by
merger or otherwise) of such entity.

          "Priority Holders" has the meaning set forth in Section 3.2.

          "Records" has the meaning set forth in Section 6.1(g).
<PAGE>
                                      -5-

          "Registrable Securities" means, subject to Section 2.2, each of the
following: (a) any and all shares of Common Stock acquired by the Designated
Holders, in the case of the Becker Investors pursuant to the Merger Agreement
and the documentation governing the transfer of shares on the date hereof of
Common Stock from Jens Hohnel to Charles E. Becker, including the Warrant
Shares, and in the case of the Joan Investors pursuant to the Joan Transaction
(b) any shares of Common Stock issued or issuable to any of the Designated
Holders with respect to the Registrable Securities by way of stock dividend or
stock split or in connection with a combination of shares, recapitalization,
merger, consolidation or other reorganization or otherwise and any shares of
Common Stock or voting common stock issuable upon conversion, exercise or
exchange thereof.

          "Registration Expenses" has the meaning set forth in Section 6.4.

          "Registration Statement" means a registration statement filed
pursuant to the Securities Act.

          "Securities Act" means the United States Securities Act of 1933, as
amended, and the rules and regulations of the Commission promulgated thereunder.

          "Shares" means shares of Common Stock.

          "Valid Business Reason" has the meaning set forth in Section 3.1.

          Any terms not defined herein shall have the meanings ascribed thereto
in the Stockholders Agreement.

                                   ARTICLE II

                  GENERAL; SECURITIES SUBJECT TO THIS AGREEMENT

          2.1   Grant of Rights. The Company hereby grants registration rights
to the Designated Holders upon the terms and conditions set forth in this
Agreement.

          2.2   Registrable Securities. For the purposes of this Agreement,
Registrable Securities will cease to be Registrable Securities, when (i) a
Registration Statement covering such securities has been declared effective
under the Securities Act by the Commission and such securities have been
disposed of pursuant to such effective Registration Statement or (ii) with
respect to a Designated Holder, the entire amount of such Designated Holder's
Registrable Securities may be sold in a single sale, in the opinion of counsel
satisfactory to the Company and the Designated Holder, each in their reasonable
judgment, without any limita-
<PAGE>
                                      -6-

tion as to volume pursuant to Rule 144 (or any successor provision then in
effect) under the Securities Act.

          2.3   Holders of Registrable Securities. A Person is deemed to be a
holder of Registrable Securities whenever such Person owns of record
Registrable Securities, or holds an option to purchase, or a security
convertible into or exercisable or exchangeable for, Registrable Securities
whether or not such acquisition or conversion has actually been effected. If
the Company receives conflicting instructions, notices or elections from two or
more Persons with respect to the same Registrable Securities, the Company may
act upon the basis of the instructions, notice or election received from the
registered owner of such Registrable Securities. Registrable Securities
issuable upon exercise of an option or upon conversion of another security
shall be deemed outstanding for the purposes of this Agreement.

                                  ARTICLE III

                              DEMAND REGISTRATION

          3.1   Request for Demand Registration.

          (a)   A Majority of the Becker Stockholders (the "Initiating Becker
Holders"), and a Majority of the Joan Stockholders (the "Initiating Joan
Holders," each of the Initiating Becker Holders and the Initiating Joan Holders
shall be known as the "Initiating Holders," depending on which of the
Initiating Becker Holders or the Initiating Joan Holders makes the subject
demand), may each make a written request to the Company to register, and the
Company shall register, under the Securities Act (other than pursuant to a
Registration Statement on Form S-4 or S-8 or any successor thereto) (a "Demand
Registration"), the number of Registrable Securities stated in such request;
provided, however, that (1) the Company shall not be obligated to effect (x)
more than two (2) such Demand Registrations at the request of Initiating Becker
Holders, and (y) more than two (2) such Demand Registrations at the request of
Initiating Joan Holders and (2) the Company shall not be obligated to proceed
with a Demand Registration at any time prior to July 1, 2003. For purposes of
the preceding sentence, two or more Registration Statements filed in response
to one demand shall be counted as one Demand Registration; provided, however,
that any such Registration Statement filed at the request of an Initiating
Holder and subsequently withdrawn at the request of that Initiating Holder
shall be counted as a Demand Registration with respect to such Initiating
Holder unless the withdrawing Initiating Holder pays the expenses associated
with such Registration Statement, in which case such Demand Registration shall
not be so counted.

          (b)   Notwithstanding anything to the contrary contained herein, no
Demand Registration need be effected by the Company within six (6) months after
the effectiveness of
<PAGE>
                                      -7-

any Registration Statement pursuant to a Demand Registration hereunder or a
"demand registration" (whether under the Existing Registration Rights Agreement
or any future Common Stock registration rights agreements) or any Registration
Statement for any Company Offering. The Company shall not be obliged to include
more than 10 million shares (as equitably adjusted for stock splits, stock
combinations and similar events occurring after the date hereof) of Common
Stock in any Registration Statement pursuant to a Demand Registration,
inclusive of any Shares to be included pursuant to any incidental or piggy-back
rights under this Agreement, the Existing Registration Rights Agreement or any
future Common Stock registration rights agreements. If the Board of Directors,
in its good faith judgment, determines that any registration of Registrable
Securities should not be made or continued because it would materially
interfere with any material financing, acquisition, corporate reorganization or
merger or other material transaction involving the Company (a "Valid Business
Reason"), the Company may (x) postpone filing a Registration Statement relating
to a Demand Registration until such Valid Business Reason no longer exists, but
in no event for more than 135 days, and (y) in case a Registration Statement
has been filed relating to a Demand Registration, if the Valid Business Reason
has not resulted from actions taken by the Company, the Company, upon the
approval of a majority of the Board of Directors may cause such Registration
Statement to be withdrawn and its effectiveness terminated or may postpone
amending or supplementing such Registration Statement. For the purposes of
certainty, the parties acknowledge that in the event a Registration Statement
is so withdrawn, it shall not count as having been a Demand Registration for
purposes of the limit on the number of Demand Registrations set forth above.
The Company shall give written notice of its determination to postpone or
withdraw a Registration Statement and of the fact that the Valid Business
Reason for such postponement or withdrawal no longer exists, in each case,
promptly after the occurrence thereof.  Notwithstanding anything to the
contrary contained herein, the Company may not postpone or withdraw a filing
under this Section 3.1 more than once in any twelve (12) month period. Each
request for a Demand Registration by the Initiating Holders shall state the
number of the Registrable Securities proposed to be sold and the intended
method of disposition thereof.

          3.2   Incidental or "Piggy-Back" Rights with Respect to a Demand
Registration. Each of the Designated Holders (other than Initiating Holders
which have requested a registration under Section 3.1) and Future Designated
Holders may offer its or his Registrable Securities in connection with any
Demand Registration pursuant to this Section 3.2. Within five (5) Business Days
after the receipt of a request for a Demand Registration from an Initiating
Holder, the Company shall (i) give written notice thereof to all of the
Designated Holders (other than Initiating Holders which have requested a
registration under Section 3.1) and Future Designated Holders and (ii) subject
to Section 3.5, include in such registration all of the Registrable Securities
held by such Designated Holders and Future Designated Holders from whom the
Company has received a written request for inclusion therein within ten (10)
days of the receipt by such Designated Holders and Future Designated Holders of
such written no-
<PAGE>
                                      -8-

tice referred to in clause (i) above. Each such request by such Designated
Holders and Future Designated Holders shall specify the number of Registrable
Securities proposed to be registered. The failure of any such Designated Holder
or Future Designated Holder to respond within such 10-day period referred to in
clause (ii) above shall be deemed to be a waiver of such Designated Holder's or
Future Designated Holder's rights under this Section 3.2 with respect to such
Demand Registration. Any such Designated Holder or Future Designated Holder may
waive its rights under this Article III prior to the expiration of such 10-day
period by giving written notice to the Company, with a copy to the Initiating
Holders. If a Designated Holder or Future Designated Holder sends the Company a
written request for inclusion of part or all of such Designated Holder's or
Future Designated Holder's Registrable Securities in a Demand Registration,
such Designated Holder or Future Designated Holder shall not be entitled to
withdraw or revoke such request without the prior written consent of the
Company in its sole discretion unless, as a result of facts or circumstances
arising after the date on which such request was made relating to the Company
or to market conditions, such Designated Holder or Future Designated Holder
reasonably determines that participation in such registration would have a
material adverse effect on such Designated Holder or Future Designated Holder.
Future Designated Holders and Designated Holders (other than the Initiating
Holders which have requested a registration under Section 3.1) may participate
in a Demand Registration pursuant to the provisions of this Section 3.2 as
"Priority Holders" (without being deemed to have requested a Demand
Registration under Section 3.1), but their participation rights will be limited
to one Demand Registration initiated by the Initiating Becker Holders and one
Demand Registration initiated by the Initiating Joan Holders with such
Initiating Holders electing at the time of their first request under Section
3.1 whether or not rights will be afforded to Priority Holders under this
Section 3.2. It is understood that Designated Holders and Future Designated
Holders may be entitled to rights under Section 4.1 even when they are not
Priority Holders.

          3.3   Effective Demand Registration. Subject to Section 3.1, the
Company shall use its reasonable best efforts to cause any such Demand
Registration to become effective not later than 60 days after it receives a
request under Section 3.1. A registration shall not constitute a Demand
Registration until it has become effective and remains continuously effective
for the shorter of (i) 60 days and (ii) the period during which all Registrable
Securities registered in the Demand Registration are sold; provided, however,
that a registration shall not constitute a Demand Registration if (x) after
such Demand Registration has become effective, such registration or the related
offer, sale or distribution of Registrable Securities thereunder is interfered
with by any stop order, injunction or other order or requirement of the
Commission or other governmental agency or court for any reason not
attributable to the Initiating Holders and such interference is not thereafter
eliminated or (y) the conditions specified in the underwriting agreement, if
any, entered into in connection with such Demand Registration are not satisfied
or waived by reason of a breach by the Company or (z) the Company exercises its
rights of postponement, termination or withdrawal under Section 3.1.
<PAGE>
                                      -9-

          3.4   Expenses. The Company shall pay all Registration Expenses in
connection with a Demand Registration, whether or not such Demand Registration
becomes effective, except as otherwise provided herein.

          3.5   Underwriting Procedures. If the Company or the Initiating
Holders holding a majority of the Registrable Securities held by all of the
Initiating Holders so elect, the Company shall use its reasonable best efforts
to cause such Demand Registration to be in the form of a firm commitment
underwritten offering and the managing underwriter or underwriters selected for
such offering shall be the Approved Underwriter selected in accordance with
Section 3.6. In connection with any Demand Registration under this Article III
involving an underwritten offering, none of the Registrable Securities held by
any Designated Holder making a request for inclusion of such Registrable
Securities pursuant to Section 3.2 hereof shall be included in such
underwritten offering unless such Designated Holder accepts the terms of the
offering as agreed upon by the Company, the Initiating Holders and the Approved
Underwriter (including execution of an escrow agreement and/or a power of
attorney with respect to the disposition of the Registrable Securities), and
then only in such quantity as will not, in the opinion of the Approved
Underwriter, jeopardize the success of such offering by the Initiating Holders.
If the Approved Underwriter advises the Company that the aggregate amount of
such Registrable Securities requested to be included in such offering is
sufficiently large to have a material adverse effect on the success of such
offering, then the Company shall include in such registration only the
aggregate amount of Registrable Securities that the Approved Underwriter
believes may be sold without any such material adverse effect and shall reduce
the amount of Registrable Securities to be included in such registration to the
extent of the amount of Registrable Securities that the Approved Underwriter
believes may be sold without causing such material adverse effect. In such case
Registrable Securities shall be included in the following order of priority:
(1) first, any securities to be sold for the account of the Blackstone Holders
and Wasserstein Holders (each as defined in the Existing Registration Rights
Agreement), as required by Section 4.1 of the Existing Registration Rights
Agreement or Section 8.2 of this Agreement; (2) second, any Registrable
Securities and other shares of Common Stock to be sold for the account of the
Initiating Holders and Priority Holders (if any), pro rata based upon the
number of Registrable Securities and other shares of Common Stock then owned by
them; (3) third, any securities to be sold for the account of any Designated
Holders (other than the Initiating Holders) and Future Designated Holders that
are not Priority Holders, pro rata based upon the number of Registrable
Securities and other shares of Common Stock then owned by them; and (4) fourth,
by the Company or any other Person exercising incidental or piggyback
registration rights. If, by reason of the application of clause (1) or the
Priority Holders' rights (if any) in clause (2) or by reason of the 10 million
share limitation, less than 50% of the Registrable Securities which the
Initiating Holders of the subject Demand Registration requested be registered
are included in such registration, the registration shall not count as one of
the two Demand Registrations to which such Initiating Holders are
<PAGE>
                                      -10-

entitled nor shall such registration count as a registration in which a
Priority Holder exercised its right to be treated as a Priority Holder under
Section 3.2.

          3.6   Selection of Underwriters. If any Demand Registration of
Registrable Securities is in the form of an underwritten offering, the Company
shall select and obtain an investment banking firm of national reputation to
act as the managing underwriter of the offering (the "Approved Underwriter");
provided, however, that the Approved Underwriter shall, in any case, also be
approved by the Initiating Holders holding a majority of the Registrable
Securities held by all Initiating Holders such approval not to be unreasonably
withheld.

          3.7   Company Preemption Right; Existing Registration Rights
Agreement. Notwithstanding anything herein to the contrary, to the extent that
a Valid Business Reason exists for deferring, postponing or suspending a Demand
Registration, the Company shall be entitled to elect to pursue a Company
Offering (as hereinafter defined) in furtherance of such Valid Business Reason
and to thereby preempt the Demand Registration and defer, postpone or suspend
the Demand Registration, in which case the applicable demand shall not count as
a Demand Registration. In the event of a conflict between this Agreement and
the Existing Registration Rights Agreement, the Existing Registration Rights
Agreement will govern.

                                   ARTICLE IV

                     INCIDENTAL OR "PIGGY-BACK" REGISTRATION

          4.1   Request for Incidental Registration. If the Company proposes to
file a Registration Statement under the Securities Act with respect to an
offering of Common Stock by the Company for its own account (other than a
Registration Statement (i) on Form S-4 or S-8 or any successor thereto and (ii)
with respect to an offering of Common Stock by the Company exclusively to its
existing stockholders) (a "Company Offering") or for the account of any
stockholder of the Company other than one in which all Designated Holders are
either Initiating Holders or Priority Holders under Article III (each such
Stockholder, a "Non-Designated Stockholder" and such offering, a
"Non-Designated Stockholder Offering"), then the Company shall give written
notice of such proposed filing to each of the Designated Holders at least ten
(10) Business Days before the anticipated filing date, and such notice shall
describe the proposed registration and distribution and offer such Designated
Holders the opportunity to register the number of Registrable Securities as
each such Designated Holder may request (an "Incidental Registration"). The
Company shall use its reasonable best efforts to cause the managing underwriter
or underwriters in the case of a proposed underwritten offering (the "Company
Underwriter") to permit each of the Designated Holders who have requested in
writing to participate in the Incidental Registration to include its or his
Registrable Securities in such offering on the same terms and conditions as the
securities of the Company
<PAGE>
                                      -11-

or the securities of such Non-Designated Stockholders, as the case may be,
included therein. In connection with any Incidental Registration under this
Section 4.1 involving an underwritten offering, the Company shall not be
required to include any Registrable Securities in such underwritten offering
unless the Designated Holders thereof accept the terms of the underwritten
offering as agreed upon between the Company, such Non-Designated Stockholders,
if any, and the Company Underwriter (including execution of an escrow agreement
and/or a power of attorney with respect to the disposition of the Registrable
Securities), and then only in such quantity as the Company Underwriter believes
will not jeopardize the success of such offering. If the Company Underwriter
determines that the registration of all or part of the Registrable Securities
which the Designated Holders have requested to be included would materially
adversely affect the success of such offering, then the Company shall be
required to include in such Incidental Registration the Registrable Securities
only to the extent of the amount of Registrable Securities that the Company
Underwriter believes may be sold without causing such material adverse effect,
(i) in the case of a Company Offering: first, all of the securities to be
offered for the account of the Company; second, any securities to be offered
for the account of Blackstone Holders and Wasserstein Holders, pro rata based
on the number of securities then owned by each; and third, any other Person
(including the Designated Holders) pro rata based on the number of Registrable
Securities and other shares of Common Stock of the Company then owned by each;
and (ii) in the case of a Non-Designated Stockholder Offering: first, the
securities to be offered for the account of Blackstone Holders and Wasserstein
Holders pro rata based on the number of Registrable Securities owned by each;
second, all of the securities to be offered by such Persons as are exercising
demand registration rights; third, all of the securities to be offered for the
account of the Company; fourth, any Persons exercising incidental or piggyback
registration rights under the Existing Registration Rights Agreement; and
fifth, any Registrable Securities and other shares of Common Stock requested to
be included in such offering by the Designated Holders or any other Person pro
rata based on the number of Registrable Securities and other shares of Common
Stock then owned by each.  Nothing in this Section 4.1 shall create any
liability on the part of the Company or any other Person to the Designated
Holders if the Company, for any reason, decides not to file a Registration
Statement proposed to be filed pursuant to this Section 4.1 or to withdraw such
Registration Statement subsequent to its filing, regardless of any action
whatsoever that a Designated Holder may have taken, whether as a result of the
issuance by the Company of any notice under this Section 4.1 or otherwise.

          4.2   Expenses. The Company shall bear all Registration Expenses in
connection with any Incidental Registration pursuant to this Article IV,
whether or not such Incidental Registration becomes effective.
<PAGE>
                                      -12-

                                   ARTICLE V

                              HOLDBACK AGREEMENTS

          5.1   Restrictions on Public Sale by Designated Holders. To the extent
requested (A) by the Company, in the case of a non-underwritten public offering
and (B) by the Approved Underwriter or the Company Underwriter, as the case may
be, in the case of an underwritten public offering, each Designated Holder of
Registrable Securities agrees (x) not to effect any sale or distribution of any
Registrable Securities or of any securities convertible into or exchangeable or
exercisable for such Registrable Securities, including a sale pursuant to Rule
144 under the Securities Act, or offer to sell, contract to sell (including
without limitation any short sale), grant any option to purchase or enter into
any hedging or similar transaction with the same economic effect as a sale of
Registrable Securities and (y) not to make any request for a Demand
Registration under this Agreement, during the 180 day period or such shorter
period, if any, agreed to by the requesting party beginning on the effective
date of such Registration Statement (except as part of such registration);
provided, that, if the Company or any Approved Underwriter or Company
Underwriter requests that a Designated Holder be subject to clauses (x) and/or
(y), all Designated Holders shall thereupon become subject to the same
restrictions upon the same terms; provided, however, that, with respect to each
Designated Holder, the provisions of clause (x) shall terminate with respect to
any Registration Statement in which such Designated Holder is not a participant
if such Designated Holder and its Affiliates own less than 5% of the
outstanding shares of Common Stock of the Company before giving effect to any
such offering pursuant to such Registration Statement. No holder of 5% or more
of the outstanding shares of Common Stock of the Company (nor any person within
the common control of any such person or a family member of any such person)
subject to a registration rights agreement shall be released by the Company
from any obligation similar to the foregoing unless the Designated Holders are
also offered such a release. No Designated Holder of Registrable Securities
subject to this Section 5.1 shall be released from any obligation under any
agreement, arrangement or understanding entered into pursuant to this Section
5.1 except to the extent all other Designated Holders of Registrable Securities
subject to the same obligation are also released.

          5.2   Restrictions on Public Sale by the Company. The Company agrees
(a) not to effect any sale or distribution of any of its securities, or any
securities convertible into or exchangeable or exercisable for such securities
(except pursuant to registrations on Form S-4 or S-8 or any successor thereto),
during the period beginning on the effective date of any Registration Statement
in which the Designated Holders of Registrable Securities are participating and
ending on the date on which all Registrable Securities registered on such
Registration Statement are sold (except as part of such registration) and (b)
to use commercially reasonable efforts to cause its directors and executive
officers to agree not to effect any public sale or dis-
<PAGE>
                                      -13-

tribution of any Common Stock (or securities convertible or exchangeable
therefor) of the Company owned or controlled by them or their respective
Affiliates at a time when the Company is restricted from selling or
distributing Common Stock under the preceding clause (a).

                                   ARTICLE VI

                            REGISTRATION PROCEDURES

          6.1   Obligations of the Company. Whenever registration of Registrable
Securities has been requested pursuant to Article III or Article IV of this
Agreement, the Company shall use its reasonable best efforts to effect the
registration and sale of such Registrable Securities in accordance with the
intended method of distribution thereof as quickly as practicable, and in
connection with any such request, the Company shall, as expeditiously as
possible:

          (a)   prepare and file with the Commission a Registration Statement on
     any form for which the Company then qualifies or which counsel for the
     Company shall deem appropriate and which form shall be available for the
     sale of such Registrable Securities in accordance with the intended method
     of distribution thereof, and use its reasonable best efforts to cause such
     Registration Statement to become effective; provided, however, that (x)
     before filing a Registration Statement or prospectus or any amendments or
     supplements thereto, the Company shall provide counsel selected by the
     Designated Holders holding a majority of the Registrable Securities being
     registered in such registration ("Holders' Counsel") and any other
     Inspector with a reasonably adequate and appropriate opportunity to review
     and comment on such Registration Statement and each prospectus included
     therein (and each amendment or supplement thereto) to be filed with the
     Commission, subject to such documents being under the Company's control,
     and (y) the Company shall notify the Holders' Counsel and each seller of
     Registrable Securities of any stop order issued or threatened by the
     Commission and take all action required to prevent the entry of such stop
     order or to remove it if entered;

          (b)   prepare and file with the Commission such amendments and
     supplements to such Registration Statement and the prospectus used in
     connection therewith as may be necessary to keep such Registration
     Statement effective for the lesser of (x) 90 days and (y) such shorter
     period which will terminate when all Registrable Securities covered by
     such Registration Statement have been sold, and comply with the provisions
     of the Securities Act with respect to the disposition of all securities
     covered by such Registration Statement during such period in accordance
     with the intended methods of disposition by the sellers thereof set forth
     in such Registration Statement;
<PAGE>
                                      -14-

          (c)   furnish to each seller of Registrable Securities, prior to
     filing a Registration Statement, at least one copy of such Registration
     Statement as is proposed to be filed, and thereafter such number of copies
     of such Registration Statement, each amendment and supplement thereto (in
     each case including all exhibits thereto), and the prospectus included in
     such Registration Statement (including each preliminary prospectus) and
     any prospectus filed under Rule 424 under the Securities Act as each such
     seller may reasonably request in order to facilitate the disposition of
     the Registrable Securities owned by such seller;

          (d)   register or qualify such Registrable Securities under such other
     securities or "blue sky" laws of such jurisdictions as any seller of
     Registrable Securities may reasonably request, and to continue such
     qualification in effect in such jurisdiction for as long as required
     pursuant to the laws of such jurisdiction, or for as long as any such
     seller reasonably requests or until all of such Registrable Securities are
     sold, whichever is shortest, and do any and all other acts and things
     which may be reasonably necessary or advisable to enable any such seller
     to consummate the disposition in such jurisdictions of the Registrable
     Securities owned by such seller; provided, however, that the Company shall
     not be required to (x) qualify generally to do business in any
     jurisdiction where it would not otherwise be required to qualify but for
     this Section 6.1(d), (y) subject itself to taxation in any such
     jurisdiction or (z) consent to general service of process in any such
     jurisdiction;

          (e)   notify each seller of Registrable Securities at any time when a
     prospectus relating thereto is required to be delivered under the
     Securities Act, upon discovery that, or upon the happening of any event as
     a result of which, the prospectus included in such Registration Statement
     contains an untrue statement of a material fact or omits to state any
     material fact required to be stated therein or necessary to make the
     statements therein, in light of the circumstances under which they were
     made, not misleading, and the Company shall promptly prepare a supplement
     or amendment to such prospectus and furnish to each seller of Registrable
     Securities a reasonable number of copies of such supplement to or an
     amendment of such prospectus as may be necessary so that, after delivery
     to the purchasers of such Registrable Securities, such prospectus shall
     not contain an untrue statement of a material fact or omit to state any
     material fact required to be stated therein or necessary to make the
     statements therein, in light of the circumstances under which they were
     made, not misleading;

          (f)   enter into and perform customary agreements (including an
     underwriting agreement in customary form with the Approved Underwriter or
     Company Underwriter, if any, selected as provided in Article III or
     Article IV, as the case may be) and take such other actions as are prudent
     and reasonably required in order to expedite or facilitate the disposition
     of such Registrable Securities;
<PAGE>
                                      -15-

          (g)   make available at reasonable times for inspection by any seller
     of Registrable Securities, any managing underwriter participating in any
     disposition of such Registrable Securities pursuant to a Registration
     Statement, Holders' Counsel and any attorney, accountant or other agent
     retained by any such seller or any managing underwriter (each, an
     "Inspector" and collectively, the "Inspectors"), all financial and other
     records, pertinent corporate documents and properties of the Company and
     its subsidiaries (collectively, the "Records") as shall be reasonably
     necessary to enable them to exercise their due diligence responsibility,
     and cause the Company's and its subsidiaries' officers, directors and
     employees, and the independent public accountants of the Company, to
     supply all information reasonably requested by any such Inspector in
     connection with such Registration Statement. Records that the Company
     determines, in good faith, to be confidential and which it notifies the
     Inspectors are confidential shall not be disclosed by the Inspectors (and
     the Inspectors shall confirm their agreement in writing in advance to the
     Company if the Company shall so request) unless (x) the disclosure of such
     Records is necessary, in the Company's judgment, to avoid or correct a
     misstatement or omission in the Registration Statement, (y) the release of
     such Records is ordered pursuant to a subpoena or other order from a court
     of competent jurisdiction after exhaustion of all appeals therefrom or (z)
     the information in such Records was known to the Inspectors on a
     non-confidential basis prior to its disclosure by the Company or has been
     made generally available to the public. Each seller of Registrable
     Securities agrees that it shall, upon learning that disclosure of such
     Records is sought in a court of competent jurisdiction, give notice to the
     Company and allow the Company, at the Company's expense, to undertake
     appropriate action to prevent disclosure of the Records deemed
     confidential;

          (h)   if such sale is pursuant to an underwritten offering, cause to
     be delivered "cold comfort" letters dated the effective date of the
     Registration Statement and the date of the closing under the underwriting
     agreement from the Company's independent public accountants in customary
     form and covering such matters of the type customarily covered by "cold
     comfort" letters as Holders' Counsel or the managing underwriter
     reasonably requests;

          (i)   if such sale is pursuant to an underwritten offering, cause to
     be furnished, at the request of any seller of Registrable Securities on
     the date such securities are delivered to the underwriters for sale
     pursuant to such registration or, if such securities are not being sold
     through underwriters, on the date the Registration Statement with respect
     to such securities becomes effective, an opinion, dated such date, of
     counsel representing the Company for the purposes of such registration,
     addressed to the underwriters, if any, and to the seller making such
     request, covering such legal matters with respect to the registration in
     respect of which such opinion is being given as the un-
<PAGE>
                                      -16-

     derwriters, if any, and such seller may reasonably request and are
     customarily included in such opinions;

          (j)   comply with all applicable rules and regulations of the
     Commission, and make available to its security holders, as soon as
     reasonably practicable but no later than fifteen (15) months after the
     effective date of the Registration Statement, an earnings statement
     covering a period of twelve (12) months beginning after the effective date
     of the Registration Statement, in a manner which satisfies the provisions
     of Section 11(a) of the Securities Act and Rule 158 thereunder;

          (k)   cause all such Registrable Securities to be listed on each
     securities exchange on which similar securities issued by the Company are
     then listed, provided that the applicable listing requirements are
     satisfied;

          (l)   keep Holders' Counsel advised in writing as to the initiation
     and progress of any registration under Article III or Article IV hereunder;

          (m)   cooperate with each seller of Registrable Securities and each
     underwriter participating in the disposition of such Registrable
     Securities and their respective counsel in connection with any filings
     required to be made with the NASD;

          (n)   make officers available to participate in customary road shows
     and other informational meetings as reasonably requested by any Approved
     Underwriter or Company Underwriter (it being understood that the Company,
     in its discretion, may require that there be "road shows" and other
     informational meetings in connection with a Demand Registration); and

          (o)   take all other steps reasonably necessary to effect the
     registration of the Registrable Securities contemplated hereby.

          6.2   Seller Information. (a) It shall be a condition precedent to the
obligation of the Company to include any Registrable Securities of any
Designated Holder in a Registration Statement pursuant to this Agreement that
the Designated Holder shall furnish to the Company such information regarding
itself, the Registrable Securities held by it, any other securities of the
Company held by it, and the intended method of disposition of such Registrable
Securities as shall be required to effect the registration of the Registrable
Securities held by such Designated Holder, including, without limitation, all
information required to be disclosed in order to make the information
previously furnished to the Company by such Designated Holder not materially
misleading or necessary to cause such Registration Statement not to omit a
material fact with respect to such Designated Holder necessary in order to make
the statements therein not misleading. Any such Information shall be provided
to the Company within any reasonable time period requested by the Company.
<PAGE>
                                      -17-

          (b)   Each Designated Holder shall notify the Company, at any time
when a prospectus is required to be delivered under applicable law, of the
happening of any event as a result of which the prospectus included in the
applicable Registration Statement, as then in effect, in each case only with
respect to information provided by such Holder, includes an untrue statement of
a material fact or omits to state a material fact required to be stated therein
or necessary to make the statements therein not misleading in light of the
circumstances then existing. Such Designated Holder shall immediately upon the
happening of any such event cease using such prospectus.

          6.3   Notice to Discontinue. Each Designated Holder agrees that, upon
receipt of any notice from the Company of the happening of any event of the
kind described in Section 6.1(e) or 6.2(b), such Designated Holder shall
forthwith discontinue disposition of Registrable Securities pursuant to the
Registration Statement covering such Registrable Securities until such
Designated Holder's receipt of the copies of the supplemented or amended
prospectus contemplated by Section 6.1(e) and, if so directed by the Company,
such Designated Holder shall deliver to the Company (at the Company's expense)
all copies, other than permanent file copies then in such Designated Holder's
possession, of the prospectus covering such Registrable Securities which is
current at the time of receipt of such notice. If the Company shall give any
such notice, the Company shall extend the period during which such Registration
Statement shall be maintained effective pursuant to this Agreement (including,
without limitation, the period referred to in Section 6.1(b)) by the number of
days during the period from and including the date of the giving of such notice
pursuant to Section 6.1(e) to and including the date when sellers of such
Registrable Securities under such Registration Statement shall have received
the copies of the supplemented or amended prospectus contemplated by and
meeting the requirements of Section 6.1(e).

          6.4   Registration Expenses. The Company shall pay all expenses
arising from or incident to its performance of, or compliance with, this
Agreement, including, without limitation, (i) Commission, stock exchange and
NASD registration and filing fees, (ii) all fees and expenses incurred in
complying with securities or "blue sky" laws (including reasonable fees,
charges and disbursements of counsel to any underwriter incurred in connection
with "blue sky" qualifications of the Registrable Securities as may be set
forth in any underwriting agreement), (iii) all printing, messenger and
delivery expenses, (iv) the fees, charges and disbursements of counsel to the
Company and of its independent public accountants and any other accounting
fees, charges and expenses incurred by the Company (including, without
limitation, any expenses arising from any "cold comfort" letters or any special
audits incident to or required by any registration or qualification), (v) the
reasonable fees, charges and disbursements of Holders' Counsel not to exceed
$35,000 and (vi) any liability insurance or other premiums for insurance
obtained in connection with any Demand Registration or piggy-back registration
thereon or Incidental Registration pursuant to the terms of this Agreement,
regardless of whether such Registration Statement is declared effective. All of
the expenses de-
<PAGE>
                                      -18-

scribed in the preceding sentence of this Section 6.4 are referred to herein as
"Registration Expenses." The Designated Holders of Registrable Securities sold
pursuant to a Registration Statement shall bear the expense of any broker's
commission, underwriter's discount or commission or transfer taxes relating to
registration and sale of such Designated Holders Registrable Securities and,
subject to clause (v) above, shall bear the fees and expenses of their own
counsel.

                                  ARTICLE VII

                         INDEMNIFICATION; CONTRIBUTION

          7.1   Indemnification by the Company. The Company agrees to indemnify
and hold harmless each Designated Holder, its partners, directors, officers,
Affiliates and each Person who controls (within the meaning of Section 15 of
the Securities Act) such Designated Holder from and against any and all losses,
claims, damages, liabilities and expenses (including reasonable costs of
investigation) (each, a "Liability" and collectively, "Liabilities"), arising
out of or based upon any untrue, or allegedly untrue, statement of a material
fact contained in any Registration Statement, prospectus or preliminary
prospectus (as amended or supplemented if the Company shall have furnished any
amendments or supplements thereto) or arising out of or based upon any omission
or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein not misleading under the
circumstances such statements were made or arising out of a violation or
alleged violation by the Company of the Securities Act, the Exchange Act, any
federal or state securities law or any rule or regulation promulgated under any
such legislation, except insofar as such Liability (i) arises out of or is
based upon any untrue statement or alleged untrue statement or omission or
alleged omission contained in such Registration Statement, preliminary
prospectus or final prospectus in reliance and in conformity with information
concerning such Designated Holder furnished in writing to the Company by such
Designated Holder expressly for use therein, including, without limitation, the
information furnished to the Company pursuant to Section 6.2, or (ii) is caused
by any failure by the Designated Holder to deliver a prospectus or preliminary
prospectus (or amendment or supplement thereto) as and when required under the
Securities Act after such prospectus has been timely furnished by the Company .
The Company shall also provide customary indemnities to any underwriters of the
Registrable Securities, their officers, directors and employees and each Person
who controls such underwriters (within the meaning of Section 15 of the
Securities Act) to the same extent as provided above with respect to the
indemnification of the Designated Holders of Registrable Securities.

          7.2   Indemnification by Designated Holders. Each Designated Holder
agrees to indemnify and hold harmless the Company, the other Designated
Holders, any underwriter retained by the Company, each of their respective
officers, directors and Affiliates and each
<PAGE>
                                      -19-

Person who controls the Company, the other Designated Holders or such
underwriter (within the meaning of Section 15 of the Securities Act) to the
same extent as the foregoing indemnity from the Company to the Designated
Holders, but only if such statement or alleged statement or omission or alleged
omission was made in reliance upon and in conformity with information with
respect to such Designated Holder furnished in writing to the Company by such
Designated Holder expressly for use in such Registration Statement or
prospectus, including, without limitation, the information furnished to the
Company pursuant to Section 6.2; provided, however, that the total amount to be
indemnified by such Designated Holder pursuant to Section 6.2 shall be limited
to the net proceeds received by such Designated Holder in the offering to which
the Registration Statement or prospectus relates.

          7.3   Conduct of Indemnification Proceedings. Any Person entitled to
indemnification hereunder (the "Indemnified Party") agrees to give prompt
written notice to the indemnifying party (the "Indemnifying Party") after the
receipt by the Indemnified Party of any written notice of the commencement of
any action, suit, proceeding or investigation or threat thereof made in writing
to the Indemnified Party for which the Indemnified Party intends to claim
indemnification or contribution pursuant to this Agreement; provided, however,
that the failure so to notify the Indemnifying Party shall not relieve the
Indemnifying Party of any Liability that it may have to the Indemnified Party
hereunder (except to the extent that the Indemnifying Party is materially
prejudiced or otherwise forfeits substantive rights or defenses by reason of
such failure). If notice of commencement of any such action is given to the
Indemnifying Party as above provided, the Indemnifying Party shall be entitled
to participate in and, to the extent it may wish, jointly with any other
Indemnifying Party similarly notified, to assume the defense of such action at
its own expense, with counsel chosen by it and reasonably satisfactory to such
Indemnified Party. The Indemnified Party shall have the right to employ
separate counsel in any such action and participate in the defense thereof, but
the fees and expenses of such counsel shall be paid by the Indemnified Party
unless (i) the Indemnifying Party agrees to pay the same, (ii) the Indemnifying
Party fails to assume the defense of such action with counsel reasonably
satisfactory to the Indemnified Party or (iii) the named parties to any such
action (including any impleaded parties) include both the Indemnifying Party
and the Indemnified Party and such parties have been advised by such counsel
that either (x) representation of such Indemnified Party and the Indemnifying
Party by the same counsel would be inappropriate under applicable standards of
professional conduct or (y) there may be one or more legal defenses available
to the Indemnified Party which are different from or additional to those
available to the Indemnifying Party. In any of such cases, the Indemnifying
Party shall not have the right to assume the defense of such action on behalf
of such Indemnified Party, it being understood, however, that the Indemnifying
Party shall not be liable for the fees and expenses of more than one separate
firm of attorneys (in addition to any local counsel) for all Indemnified
Parties. No Indemnifying Party shall be liable for any settlement entered into
without its written consent, which consent shall not be unreasonably withheld.
No Indemnifying Party shall, without the consent of such Indemnified Party,
which consent shall
<PAGE>
                                      -20-

not be unreasonably withheld, effect any settlement of any pending or
threatened proceeding in respect of which such Indemnified Party is a party and
indemnity has been sought hereunder by such Indemnified Party, unless such
settlement includes an unconditional release of such Indemnified Party from all
Liability for claims that are the subject matter of such proceeding.

          7.4   Contribution. If the indemnification provided for in this
Article VII from the Indemnifying Party is unavailable to an Indemnified Party
hereunder in respect of any Liabilities referred to herein, then the
Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall
contribute to the amount paid or payable by such Indemnified Party as a result
of such Liabilities in such proportion as is appropriate to reflect the
relative fault of the Indemnifying Party and Indemnified Party in connection
with the actions which resulted in such Liabilities, as well as any other
relevant equitable considerations. The relative faults of such Indemnifying
Party and Indemnified Party shall be determined by reference to, among other
things, whether any action in question, including any untrue or alleged untrue
statement of a material fact or omission or alleged omission to state a
material fact, has been made by, or relates to information supplied by, such
Indemnifying Party or Indemnified Party, and the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such
action. The amount paid or payable by a party as a result of the Liabilities
referred to above shall be deemed to include, subject to the limitations set
forth in Sections 7.1, 7.2 and 7.3, any legal or other fees, charges or
expenses reasonably incurred by such party in connection with any investigation
or proceeding; provided that the total amount to be contributed by such
Designated Holder shall be limited to the net proceeds received by such
Designated Holder in the offering.

          The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 7.4 were determined by pro rata
allocation or by any other method of allocation which does not take account of
the equitable considerations referred to in the immediately preceding
paragraph. No Person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from
any Person who was not guilty of such fraudulent misrepresentation.

                                  ARTICLE VIII

                                   COVENANTS

          8.1   Rule 144. The Company covenants that it shall (a) file any
reports required to be filed by it under the Exchange Act and (b) take such
further action as each Designated Holder of Registrable Securities may
reasonably request (including providing any information necessary to comply
with Rule 144 under the Securities Act), all to the extent re-
<PAGE>
                                      -21-

quired from time to time to enable such Designated Holder to sell Registrable
Securities without registration under the Securities Act within the limitation
of the exemptions provided by (i) Rule 144 under the Securities Act, as such
rule may be amended from time to time, or Regulation S under the Securities Act
or (ii) any similar rules or regulations hereafter adopted by the Commission.
The Company shall, upon the request of any Designated Holder of Registrable
Securities, deliver to such Designated Holder a written statement as to whether
it has complied with such requirements.

          8.2   Wasserstein and Blackstone Priority of Sale.  Notwithstanding
anything to the contrary set forth in this Agreement, in the event of any
offering of Common Stock, whether pursuant to a public offering, private
placement or other exempt sale in which Blackstone Holders and/or Wasserstein
Holders, on the one hand, and any other stockholder of the Company (including,
without limitation, any Becker Stockholder and any Joan Stockholder), on the
other hand, desire or intend to sell Common Stock, Blackstone Holders and
Wasserstein Holders, pro rata based on the number of shares of Common Stock
then owned by each, shall have an absolute right to sell prior to the right of
any other such holder.

                                   ARTICLE IX

                                  MISCELLANEOUS

          9.1   Recapitalizations, Exchanges, etc. The provisions of this
Agreement shall apply to the full extent set forth herein with respect to (i)
the shares of Common Stock, (ii) any and all shares of common stock of the
Company into which the shares of Common Stock are converted, exchanged or
substituted in any recapitalization or other capital reorganization by the
Company and (iii) any and all equity securities of the Company or any successor
or assign of the Company (whether by merger, consolidation, sale of assets or
otherwise) which may be issued in respect of, in conversion of, in exchange for
or in substitution of, the shares of Common Stock and shall be appropriately
adjusted for any stock dividends, splits, reverse splits, combinations,
recapitalizations and the like occurring after the date hereof. The Company
shall cause any successor or assign (whether by merger, consolidation, sale of
assets or otherwise) to assume this Agreement with the Designated Holders on
terms substantially the same as this Agreement as a condition of any such
transaction.

          9.2   No Inconsistent Agreements; Timing of Demand Notices. (a) The
Company represents and warrants that it has not granted to any Person, other
than the Blackstone Holders and the Wasserstein Holders, the right to request
or require the Company to register any securities issued by the Company, other
than the rights granted to the Designated Holders herein. The Company shall not
enter into any agreement with respect to its securities that is inconsistent
with the rights granted to the Designated Holders in this Agreement.
<PAGE>
                                      -22-

          (b)   Each of the parties hereto agrees that in the event of an
exercise by more than one party of a right to a "demand" registration whether
pursuant to Section 3.1 of this Agreement or pursuant to any other registration
rights agreement to which the Company may be a party from time to time, the
registration rights agreement (including, without limitation, this Agreement)
under which the first request shall have been made for "demand" registration
rights shall determine whether the provisions of Article III or Article IV of
this Agreement shall govern the applicable rights of the parties.

          9.3   Remedies. The Designated Holders, in addition to being entitled
to exercise all rights granted by law, including recovery of damages, shall be
entitled to specific performance of their rights under this Agreement.  The
Company agrees that monetary damages would not be adequate compensation for any
loss incurred by reason of a breach by it of the provisions of this Agreement
and hereby agrees to waive in any action for specific performance the defense
that a remedy at law would be adequate.

          9.4   Notices. All notices, demands and other communications provided
for or permitted hereunder shall be made in writing and shall be made by
telecopier, courier service or personal delivery:

          (a)   if to the Company:

                    Collins & Aikman Corporation
                    5755 New King Court
                    Troy, Michigan  48098
                    Fax:  (248) 824-1512
                    Attn: Thomas E. Evans, CEO
                    Fax:  (248) 824-1882
                    Attn: Ronald T. Lindsay, Esq., General Counsel

                    with a copy to:

                    Cahill Gordon & Reindel
                    80 Pine Street
                    17th Floor
                    New York, New York  10005
                    Fax:  (212) 269-5420
                    Attn: W. Leslie Duffy, Esq.
                          Jonathan A. Schaffzin, Esq.
<PAGE>
                                      -23-

          (b)   if to the Becker Stockholders:

                    Becker Ventures LLC
                    6600 E. 15 Mile Road
                    Sterling Heights, Michigan  48312
                    Fax:  (810) 979-1634
                    Attn: Michael E. McInerney, Esq.

                    with a copy to:

                    Clark Hill PLC
                    500 Woodward Ave., Suite 3500
                    Detroit, Michigan  48226-3435
                    Fax:  (313) 965-8252
                    Attn: D. Kerry Crenshaw, Esq.

          (c)   if to any Joan Stockholders:

                    c/o Joan Fabrics Corporation
                    100 Vesper Executive Park
                    Tyngsboro, Massachusetts  01879
                    Attention:  Elkin McCallum, CEO
                    Facsimile No.:  (978) 649-9142

                    with a copy to:

                    Goulston & Storrs, A Professional Corporation
                    400 Atlantic Avenue
                    Boston, Massachusetts  02110-3333
                    Attention:  Donald L. Shulman
                    Facsimile No.:  (617) 574-4112

          All such notices, demands and other communications shall be deemed to
have been duly given when delivered by hand, if personally delivered; when
delivered by courier, if delivered by commercial courier service; the next
Business Day after being deposited in the mail, postage prepaid, if mailed; and
when receipt is mechanically acknowledged, if telecopied. Any party may by
notice given in accordance with this Section 9.4 designate another address or
Person for receipt of notices hereunder, and the Company shall update its
record books accordingly.

          9.5   Successors and Assigns; Third Party Beneficiaries. This
Agreement shall inure to the benefit of and be binding upon the successors and
permitted assigns of the parties
<PAGE>
                                      -24-

hereto as hereinafter provided. The Demand Registration rights and related
rights contained in Article III hereof shall be, with respect to any
Registrable Security that is transferred to a Direct Permitted Transferee of a
Becker Stockholder or a Joan Stockholder, automatically transferred to such
transferee who agrees in writing to be bound hereby, but only if transferred in
compliance with the Stockholders Agreement.  The incidental or "piggy-back"
registration rights of the Designated Holders contained in Article IV hereof
and the other rights of each of the Designated Holders with respect thereto
shall be, with respect to any Registrable Security, automatically transferred
to any Person who is the transferee of such Registrable Security, but only if
transferred in compliance with the Stockholders Agreement. All of the
obligations of the Company hereunder shall survive any such transfer. Any
assignment in violation of this Agreement shall be null and void. Except as
provided in Article VII, no Person other than the parties hereto and their
successors and permitted assigns is intended to be a beneficiary of this
Agreement.

          9.6   Amendments and Waivers. Except as otherwise provided herein, the
provisions of this Agreement may not be amended, modified or supplemented, and
waivers or consents to departures from the provisions hereof may not be given,
unless consented to in writing by (i) the Company, (ii) a Majority of the
Becker Stockholders and (iii) a Majority of the Joan Stockholders; provided,
however, that consent of the Becker Stockholders or the Joan Stockholders need
not be obtained in the case of any amendment, modification, supplement, waiver
or consent that is not adverse to the Becker Stockholders or the Joan
Stockholders, as the case may be. Any such written consent (or amendment,
modification, supplement, consent or waiver for which written consent of a
party is not required in accordance with this Section 9.6) shall be binding
upon the Company and all of the Designated Holders who receive notice of it in
accordance with the provisions of this Agreement, which notice shall specify
the effect of such consent, amendment, modification, supplement or waiver, as
the case may be.

          9.7   Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

          9.8   Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

          9.9   GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO THE
PRINCIPLES OF CONFLICTS OF LAW THEREOF.
<PAGE>
                                      -25-

          9.10   Severability. If any one or more of the provisions contained
herein, or the application thereof in any circumstance, is held invalid,
illegal or unenforceable in any respect for any reason, the validity, legality
and enforceability of any such provision in every other respect and of the
remaining provisions hereof shall not be in any way impaired, unless the
provisions held invalid, illegal or unenforceable shall substantially impair
the benefits of the remaining provisions hereof.

          9.11   Rules of Construction. Unless the context otherwise requires,
references to sections or subsections refer to sections or subsections of this
Agreement.

          9.12   Entire Agreement. This Agreement is intended by the parties as
a final expression of their agreement and intended to be a complete and
exclusive statement of the agreement and understanding of the parties hereto in
respect of the subject matter contained herein. There are no restrictions,
promises, representations, warranties or undertakings, other than those set
forth or referred to herein. This Agreement supersedes all prior agreements and
understandings among the parties with respect to such subject matter.

          9.13   Further Assurances. Each of the parties shall, and shall cause
their respective Affiliates to, execute such documents and perform such further
acts as may be reasonably required or desirable to carry out or to perform the
provisions of this Agreement.

          9.14   Other Agreements. Nothing contained in this Agreement shall be
deemed to be a waiver of, or release from, any obligations any party hereto may
have under, or any restrictions on the transfer of Registrable Securities or
other securities of the Company imposed by, any other agreement including, but
not limited to, the Merger Agreement or the Stockholders Agreement.

                  [Remainder of page intentionally left blank]
<PAGE>
                                      S-1

          IN WITNESS WHEREOF, the undersigned have executed, or have caused to
be executed this Agreement on the date first written above.

                         COLLINS & AIKMAN CORPORATION

                         By:   /s/ Ronald T. Lindsay
                               ---------------------
                               Name:   Ronald T. Lindsay
                               Title:  General Counsel

                         CHARLES E. BECKER

                         /s/ Charles E. Becker
                         ---------------------

                         MICHAEL E. McINERNEY

                         /s/ Michael E. McInerney
                         ------------------------

                         JENS HOHNEL

                         /s/ Jens Hohnel
                         ---------------
<PAGE>
                                      -2-

                         JOAN FABRICS CORPORATION

                         By:  /s/ Elkin McCallum
                              ------------------
                              Name:    Elkin McCallum
                              Title:   Chairman of the Board; Chief
                                       Executive Officer

                         JFC HOLDINGS TRUST

                         By: /s/ Elkin McCallum
                             ------------------
                             Elkin McCallum, as Trustee and not
                             individually

                         ELKIN MCCALLUM, a Joan Investor

                         /s/ Elkin McCallum
                         ------------------

                         DONNA MCCALLUM, a Joan Investor

                         /s/ Donna Mccallum
                         ------------------

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