Document:

<PAGE>
                                                                     EXHIBIT 4-F

                                 [TRUSERV LOGO]

                        % PROMISSORY (SUBORDINATED) NOTE
                  ------

FOR VALUE RECEIVED, TRUSERV CORPORATION, a Delaware Corporation (hereinafter
called the "Company") HEREBY PROMISES TO PAY on or before the maturity date
listed below, to the registered owner hereof, the following listed sum, being
the face amount of this note, in lawful money of the United States, at the
principal office of the Company and to pay interest on the principal balance
from time to time remaining unpaid, in like money at said office of the Company,
at the rate of _______ per annum, payable semi-annually on the last day of June
and the last day of December each year.

The Company reserves the right and option of redeeming this note, in whole or in
part, on any interest payment date during the term hereof, upon the making of
such total or partial principal payment together with accrued interest to the
date fixed for redemption. There shall be no premium payable upon such premature
redemption.

It is a condition of this obligation of the Company, and the holder by the
acceptance hereof agrees, that the indebtedness evidenced by and accruing on
this note shall be and at all times remain junior and subordinate in right of
payment to any and all indebtedness of the Company to banking institutions,
institutional lenders, and to trade creditors for merchandise sold and delivered
to the Company and to other indebtedness of the Company as specified by its
Board of Directors (herein called "Superior Indebtedness") whether now
outstanding or hereafter incurred; and to that end (i) in the event of any
distribution, division or application, partial or complete, voluntary or
involuntary, by operation of law or otherwise, of all or any part of the assets
of the Company, or the proceeds thereof, to creditors of the Company or upon any
indebtedness of the Company occurring by reason of liquidation, dissolution or
other winding up of the Company or by reason of any execution sale,
receivership, insolvency or bankruptcy proceedings or other proceedings for the
reorganization or readjustment of the Company or its debts or properties, or
(ii) in the event of and during the continuance of a default in payment of any
principal of or interest or premium on any Superior Indebtedness (under
circumstances when the foregoing clause (i) shall not be applicable), then in
any such events Superior Indebtedness shall be first paid and satisfied in full
before payment or distribution of any kind or character, whether in cash,
property or securities, shall be made on or in respect of principal of or
interest on this note and any payment, dividend or distribution upon or in
respect of this note made in or resulting from any event or proceeding referred
to in the foregoing clause (i) hereof shall be paid over to the holder or
holders of such Superior Indebtedness for the pro rata application on such
Superior Indebtedness until such Superior Indebtedness has been fully paid and
satisfied. Also the holder by acceptance hereof agrees to and with and for the
benefit of the holders of any Superior Indebtedness form time to time
outstanding that he or it will not use the indebtedness evidenced by or accruing
on this note by way of counterclaim, setoff, recoupment or otherwise so as to
diminish, discharge or otherwise satisfy in whole or in part any indebtedness or
liability of the holder hereof to the Company, whether now existing or hereafter
arising.

The Company shall have a LIEN on this note, and a RIGHT OF SETOFF against
amounts which may be or become payable hereunder, for such indebtedness to the
Company or a subsidiary of the Company of the original holder and/or of any
subsequent holder hereof as may form time to time exist. In accordance with the
Company's By Laws, if the company exercises its right of setoff, shall have the
right to discount the note to its then current cash value which shall be the
lesser of the face amount of the note or the yield to maturity of the note as
discounted at a rate per annum equal to the prime rate in effect at the time of
setoff at the Harris Trust and Savings Bank, Chicago, Illinois, plus two
percentage points.

No transfer of this note shall be valid unless made at the office of the Company
by the registered owner in person or by his duly authorized attorney and noted
hereon, and, except in the case of transfer to banks or other lending
institutions or associations, no transfer shall be made to any person other than
one who, on the date of such transfer, is a stockholder of the Company.

IN WITNESS WHEREOF, TRUSERV CORPORATION has caused this note to be executed by
its officers thereunto duly enabled and its corporate seal to be hereunto
affixed the date of issue below.

<TABLE>
<S><C>

REGISTERED OWNER:                  AMOUNT         VOID           DOLLARS                     TRUSERV CORPORATION
                                         ------------------------                       CHICAGO, ILLINOIS 60631-3505
                                             ($            )

                                              REASON ISSUE -         PATRONAGE DIVIDEND
                                                             --------
                                              MATURITY DATE - DECEMBER 31,
                                                                          -----
                                              DATE OF ISSUE - JANUARY 1,
                                                                        -----

</TABLE><PAGE>

                                                                     EXHIBIT 4-U

                               TRUSERV CORPORATION

                                  $105,000,000

               AMENDED AND RESTATED SENIOR SECURED NOTES DUE 2008

                                   ----------

                             SECOND AMENDMENT TO THE

                  AMENDED AND RESTATED NOTE PURCHASE AGREEMENT

                          DATED AS OF DECEMBER 30, 2002

<PAGE>

TRUSERV CORPORATION
8600 West Bryn Mawr Avenue
Chicago, Illinois 60631

                                                               December 30, 2002

To Each of the Purchasers
Listed in the Attached Schedule 1
(each, a "PURCHASER")

Ladies and Gentlemen:

          Re: SECOND AMENDMENT TO THE AMENDED AND RESTATED NOTE PURCHASE
              AGREEMENTS (the "SECOND AMENDMENT")

      The undersigned, TruServ Corporation, a Delaware corporation formerly
known as Cotter & Company (herein called the "COMPANY"), hereby agrees and
acknowledges that:

      A.    The Company and each of you are parties (the "PURCHASERS") to
            separate Note Purchase Agreement each dated as of September 10,
            1998, as each were amended by Amendment No. 1 to Note Purchase
            Agreements dated as of April 1, 1999, and as each were further
            amended and restated by the Amended and Restated Note Purchase
            Agreements each dated as of April 14, 2000, as each were amended by
            the Amendment to the Amended and Restated Note Purchase Agreements
            each dated as of April 11, 2002 (collectively, the "ORIGINAL NPAs"
            and individually each an "ORIGINAL NPA").

      B.    Pursuant to the Original NPAs, the Company issued and sold to each
            of you $105,000,000 aggregate principal amount of its 6.85% Senior
            Notes due 2008 (the "NOTES").

      C.    Each of you and the Company desire to amend the Original NPAs as
            hereinafter set forth (the Original NPAs as amended by this Second
            Amendment is referred to herein collectively as the "NPAs" and
            individually as an "NPA"). Reference is made to the Original NPA for
            definitions of capitalized terms used herein and not otherwise
            defined herein.

      Pursuant to the request of the Company and in accordance with the
provisions of Section 15 of the Original NPAs, the parties hereto consent to the
amendment of the Original NPAs and agree as follows:

                                       2
<PAGE>

      SECTION 1. Amendment. From and after the date this Second Amendment
becomes effective in accordance with its terms, each Original NPA shall be
amended as follows:

      1.1 Paragraph 5J Real Estate Documents of the Original NPAs is amended by
replacing the last paragraph therein in clause (b) with the following new
paragraph:

            Additionally, in the case of any real property leased by the Company
      or any Guarantor, the Company shall use its best efforts to, or shall
      cause such Guarantor to use its best efforts to, provide a consent, in
      form and substance satisfactory to the Collateral Agent, from the owner
      and each mortgagee of such property (a) consenting to the Mortgage in
      favor of the Collateral Agent with respect to such property and (b)
      waiving any landlord's Lien in respect of personal property kept at the
      premises subject to such lease; provided, however, consents in connection
      with the Designated Sale-Leaseback Transactions shall not be required.

      1.2 Paragraph 5O(3) of the Original NPAs is amended by replacing the first
sentence with the following:

      For so long as the Intercreditor Agreement is in effect, amounts required
to be prepaid under this paragraph 5O shall be paid (subject to the true-up
provisions set forth therein), shared and distributed in accordance with the
Intercreditor Agreement and, to the extent provided for in the Intercreditor
Agreement, the Company's obligation to pay any Make-Whole Amount may be paid
prior to the Final True-Up Date (as defined in the Intercreditor Agreement) by
the issuance of Make-Whole Notes.

      1.3 Paragraph 6A(1) Liens of the Original NPAs is amended by replacing
clauses (x) and (xi) therein with the following:

            (x) (i) Liens in favor of the Collateral Agent, provided that the
      Intercreditor Agreement shall be in full force and effect and (ii) such
      Liens on the Special Company Account solely to the extent such Liens
      secure amounts due and owing Bank of America, N.A. for its services
      rendered solely in connection with routine administration of such account,
      provided that the Security Agreement and the Intercreditor Agreement shall
      both be in full force and effect;

            (xi) any interest or title of a lessor in property subject to any
      lease other than (i) subject to clause (vii) above, a Capitalized Lease
      Obligation, (ii) a lease entered into as part of a sale and leaseback
      transaction (other than the Designated Sale-Leaseback Transaction;
      provided, that such interest or title attaches only to the property being
      leased in connection therewith) or (iii) except as permitted by clause
      (xv) below, a Synthetic Lease;

                                       3
<PAGE>

      1.4 Paragraph 6A(3) Sale of Assets of the Original NPAs is amended in its
entirety to read as follows:

      6A(3)(i). SALE OF ASSETS. Sell, lease, assign, transfer or otherwise
      dispose of value in the Company or any Subsidiary to any Person (other
      than the Company or a Subsidiary) of any assets of the Company or any
      Subsidiary (an "Asset Sale") (it being understood that an Asset Sale shall
      include (A) the sale and/or issuance of stock of any Subsidiary to Persons
      other than the Company or any wholly-owned Subsidiary and (B) any dilution
      of ownership arising from a merger or consolidation of Subsidiaries as
      permitted by paragraph 6A(3)(ii)), other than in the ordinary course of
      business, unless the Net Cash Proceeds of all such assets sold, leased or
      otherwise disposed of outside of the ordinary course of business during
      the most recent 36-month rolling period when added together, without
      duplication, with any assets then proposed to be sold outside of the
      ordinary course of business, do not exceed $10,000,000. Excluded from the
      foregoing limitation are the disposition of assets the proceeds of which
      are, within 180 days of such disposition, either (i) reinvested in
      property or assets for use in the existing business of the Company and its
      Subsidiaries or paid to the Collateral Agent to be distributed in
      accordance with the Intercreditor Agreement, or (ii) applied on a pro rata
      basis to prepay Senior Funded Debt, including, without limitation, the
      Notes pursuant to paragraph 4B hereof, including the Make-Whole Amount
      provided for in said paragraph 4B. Notwithstanding the foregoing, TruServ
      Canada Cooperative Inc. may issue and sell shares of its stock in the
      ordinary course of business consistent with its practices as of April
      13,1992. Notwithstanding the foregoing, an Asset Sale shall not include
      (i) the sale, lease, assignment, transfer or other disposition of value
      (each a "DISPOSITION") of inventory in the ordinary course of business,
      (ii) the Disposition of inventory or receivables to a Guarantor or to the
      Company, (iii) leases or subleases entered into in the ordinary course of
      business, (iv) the licensing of intellectual property by the Company or
      any Subsidiary in the ordinary course of business (so long as such
      licensing does not prevent the Company or such Subsidiary from using
      intellectual property material to the business of the Company or such
      Subsidiary) , (v) any sublease of, or assignment by the Company of its
      interest as lessee in, properties sold pursuant to a Designated
      Sale-Leaseback Transaction provided that any such sublease or assignment
      shall be on an arm's length basis, reasonable and normal commercial terms,
      and no less frequent than quarterly payment of rent or (vi) the
      Disposition of other assets having a value not exceeding $250,000 in the
      aggregate in any fiscal year.

      1.5 Paragraph 6B(h) Restricted Investments of the Original NPAs is amended
by replacing the clause with the following:

      (h) (i) maintain the Special Company Account; provided that as of the
      close of business on any day on which the Total Outstandings (as defined
      in the BA Credit

                                       4
<PAGE>

      Agreement) are greater than zero or during the existence of an Event of
      Default after the commencement of an Enforcement (as defined in the
      Intercreditor Agreement), the amount maintained in the Special Company
      Account shall not be greater than zero; and (ii) maintain other deposit
      accounts with financial institutions in the ordinary course of business;
      provided that the amount maintained in deposit accounts with financial
      institutions other than the Lenders (as defined in the BA Credit
      Agreement) shall not exceed (x) in the case of any one such account,
      $200,000 for more than three consecutive Business Days; and (y) in the
      case of all such accounts in the aggregate, $600,000 for more than two
      consecutive Business Days;

      1.6 Paragraph 6H Fixed Charge Coverage Ratio of the Original NPAs is
amended in its entirety to read as follows:

            6H. FIXED CHARGE COVERAGE RATIO. The Company shall not permit the
      Fixed Charge Coverage Ratio as of the end of any fiscal period set forth
      below to be less than the applicable ratio set forth below for such
      period:

<TABLE>
<CAPTION>
                 Fiscal Period(s) ending on or about                     Ratio
                 -----------------------------------                    --------
                 <S>                                                    <C>
                 four quarters ending December 2002                     0.70:1.0
                 four quarters ending March 2003                        0.70:1.0
                 four quarters ending June 2003                         0.65:1.0
                 four quarters ending September 2003                    0.65:1.0
                 four quarters ending December 2003                     0.90:1.0
                 four quarters ending March 2004                        0.90:1.0
                 four quarters ending June 2004                         0.90:1.0
                 each four quarter period thereafter                    0.90:1.0
</TABLE>

      1.7 Paragraph 6I Minimum EBITDA of the Original NPAs is amended in its
entirety to read as follows:

            6I. MINIMUM ADJUSTED EBITDA. The Company shall not permit the sum of
      Adjusted EBITDA as of the end of any fiscal period set forth below to be
      less than the respective amount set forth below:

<TABLE>
<CAPTION>
                 Fiscal Period(s) ending on or about                   Amount
                 -----------------------------------                ------------
                 <S>                                                <C>
                 twelve months ended 12/31/02                       $100,000,000
                 twelve months ended 1/31/03                        $ 95,000,000
                 twelve months ended 2/28/03                        $ 95,000,000
                 twelve months ended 3/31/03                        $ 90,000,000
                 twelve months ended 4/30/03                        $ 90,000,000
                 twelve months ended 5/31/03                        $ 85,000,000
                 twelve months ended 6/30/03                        $ 80,000,000
                 twelve months ended 7/31/03                        $ 75,000,000
                 twelve months ended 8/31/03                        $ 70,000,000
                 twelve months ended 9/30/03                        $ 70,000,000
                 twelve months ended 10/31/03                       $ 70,000,000
                 twelve months ended 11/30/03                       $ 70,000,000
                 twelve months ended 12/31/03                       $ 70,000,000
                 twelve months ended 1/31/04                        $ 70,000,000
                 twelve months ended 2/29/04                        $ 70,000,000
                 twelve months ended 3/31/04                        $ 70,000,000
                 twelve months ended 4/30/04                        $ 70,000,000
                 twelve months ended 5/31/04                        $ 70,000,000
                 twelve months ended 6/30/04                        $ 70,000,000
                 and the twelve month period ended on the
                 last day of each month thereafter                  $ 70,000,000
</TABLE>

                                       5
<PAGE>

      1.8 Paragraph 6L Minimum Gross Sales of the Original NPAs is amended in
its entirety to read as follows:

            6L. MINIMUM GROSS SALES. The Company shall not permit the Gross
      Sales as of the end of any fiscal period set forth below to be less than
      the applicable amount set forth below:

<TABLE>
<CAPTION>
                 Fiscal Period(s) ending on or about                  Amount
                 -----------------------------------              --------------
                 <S>                                              <C>
                 twelve months ended 12/31/02                     $1,975,000,000
                 twelve months ended 1/31/03                      $1,820,000,000
                 twelve months ended 2/28/03                      $1,780,000,000
                 twelve months ended 3/31/03                      $1,740,000,000
                 twelve months ended 4/30/03                      $1,725,000,000
                 twelve months ended 5/31/03                      $1,740,000,000
                 twelve months ended 6/30/03                      $1,720,000,000
                 twelve months ended 7/31/03                      $1,715,000,000
                 twelve months ended 8/31/03                      $1,710,000,000
                 twelve months ended 9/30/03                      $1,700,000,000
                 twelve months ended 10/31/03                     $1,715,000,000
                 twelve months ended 11/30/03                     $1,695,000,000
                 twelve months ended 12/31/03                     $1,700,000,000
                 twelve months ended 1/31/04                      $1,700,000,000
                 twelve months ended 2/29/04                      $1,695,000,000
                 twelve months ended 3/31/04                      $1,690,000,000
                 twelve months ended 4/30/04                      $1,690,000,000
                 twelve months ended 5/31/04                      $1,680,000,000
                 twelve months ended 6/30/04                      $1,670,000,000
                 and the twelve month period ended on the
                 last day of each month thereafter                $1,670,000,000
</TABLE>

                                       6
<PAGE>

      1.9 Paragraph 6M Minimum Interest Coverage Ratio of the Original NPAs is
amended in its entirety to read as follows:

            6M. MINIMUM INTEREST COVERAGE RATIO. The Company shall not permit
      the Interest Coverage Ratio as of the end of any fiscal period set forth
      below to be less than the applicable ratio set forth below:

<TABLE>
<CAPTION>
                          Fiscal Period(s)                                Ratio
                 ---------------------------------------------          --------
                 <S>                                                    <C>
                 four quarters ending December 2002                     1.75:1.0
                 four quarters ending March 2003                        1.75:1.0
                 four quarters ending June 2003                         2.00:1.0
                 four quarters ending September 2003                    2.00:1.0
                 four quarters ending December 2003                     3.00:1.0
                 four quarters ending March 2004                        3.00:1.0
                 four quarters ending June 2004                         3.00:1.0
                 and the four quarter period ended on the last
                 day of each month thereafter                           3.00:1.0
</TABLE>

      1.10 Paragraph 6N Maximum Capital Expenditures of the Original NPAs is
amended by adding the following proviso at the end thereof:

            ; provided that the aggregate amount of Capital Expenditures made
            during any fiscal year ending after December 31, 2002 may be
            increased by an amount equal to the lesser of (x) $2,000,000 and (y)
            the excess of the maximum amount of Capital Expenditures permitted
            to be made in the prior fiscal year over the actual amount of
            Capital Expenditures made during such prior fiscal year. Such
            increased permitted Capital Expenditures may be made in any fiscal
            quarter or fiscal quarters of such fiscal year.

      1.11 Paragraph 6O Adjustments to Financial Covenants of the Original NPAs
is amended in its entirety to read as follows:

            6O. ADJUSTMENTS TO FINANCIAL COVENANTS. The financial covenants
      contained herein may be adjusted upon the mutual agreement of the Company
      and the Purchasers to reflect Asset Sales not contemplated in the Business
      Plan, including but not limited to sale-leaseback transactions; provided,
      however, that if the parties cannot reach agreement within sixty days of
      the commencement of their negotiations, such covenant shall remain
      unchanged. If the sale-leaseback of

                                       7
<PAGE>

      the regional distribution center located at 333 Harvey Road, Manchester,
      New Hampshire (the "Manchester RDC") does not occur by February 15, 2003,
      the Company shall cause the financial covenant levels set forth in
      paragraph 6 to be amended to reflect the exclusion of the Manchester RDC
      sale-leaseback from the Business Plan in a manner satisfactory to the
      Majority Holders in their sole discretion, and such financial covenant
      levels will be established in a manner reasonably satisfactory to the
      Majority Holders on the basis of the same methodologies used in preparing
      the covenant levels incorporated in the Second Amendment.

      1.12 Paragraph 7A(xix) Acceleration of the Original NPAs is amended by
replacing the clause with the following:

      (xix) the Company shall, on any date, not have in effect the BA Credit
      Agreements providing for a revolving loan facility to the Company with a
      commitment in the amount of at least $200,000,000 as such amount may be
      reduced by the application of Interim Proceeds as provided in the
      Intercreditor Agreement and as such amount may be voluntarily reduced by
      the Company in accordance with the BA Credit Agreements so long as
      voluntary reductions of the revolving loan facility do not exceed
      $50,000,000 in the aggregate; provided, that the commitment reductions
      provided for by Section 2.4.2(a) of the Credit Agreement shall be deemed
      voluntary reductions for purposes of this Paragraph 7A(xix); or

      1.13 Paragraph 10A Defined Terms of the Original NPAs is amended to delete
to amend and restate the following defined terms or, if such definitions are not
in the Original NPA, to add such defined terms, in the appropriate alphabetical
order:

            "ADJUSTED CASH FLOW" shall mean, with respect to any period,
      Consolidated Net Earnings for such period less (a) the sum of (i) to
      extent not already deducted in the calculation of Consolidated Net
      Earnings, gains from Asset Sales realized during such period, (ii) Capital
      Expenditures during such period, (iii) amortization of all Indebtedness
      (including amortization of Indebtedness from payments of Excess Cash Flow
      but excluding amortization of Indebtedness from the proceeds of Asset
      Sales) for such period, (iv) patronage dividends accrued in the current
      fiscal year to be paid in the following fiscal year, (v) any increase in
      restricted cash during such period, (vi) for the period ended December 31,
      2002, $7,500,000 and (vii) Restructuring Charges taken during such period;
      plus (b) the sum of (i) to the extent deducted in the calculation of
      Consolidated Net Earnings, losses from Asset Sales realized during such
      period, (ii) depreciation and amortization expense for such period,

                                       8
<PAGE>

      (iii) non-cash income tax expense for such period and (iv) any decrease in
      restricted cash during such period.

            "BUSINESS PLAN" shall mean the business plan of the Company, which
      was delivered by the Company to the Purchasers on December 18, 2002;
      provided, with respect to Paragraph 5A(xiii) and financial reports
      relating to the periods prior to 2003, the Business Plan shall mean the
      Business Plan of the Company dated March 20, 2002, which was delivered by
      the Company to the Purchasers.

            "DESIGNATED SALE-LEASEBACK TRANSACTION" means the sale by the
      Company of the regional distribution centers listed on Schedule
      6A(3)(i)(v) and the concurrent lease, as lessee, of such properties by the
      Company and/or one or more Subsidiaries pursuant to documentation
      substantially in the form previously delivered to the Purchasers.

            "INTERCREDITOR AGREEMENT" shall mean the First Amended and Restated
      Intercreditor Agreement dated as of April 11, 2002 among Bank of America,
      N.A. as agent under the BA Credit Agreements, the Collateral Agent, the
      Purchasers, The Prudential Insurance Company of America and various other
      parties in the form of Exhibit G, as amended as of December 30, 2002 in
      the form attached as Exhibit G-1, as amended from time to time in
      accordance with its terms.

            "MANCHESTER RDC" shall have the meaning set forth in Paragraph 6O.

            "PRUDENTIAL AGREEMENT" shall mean, collectively, (i) Amended and
      Restated Private Shelf Agreement dated as of November 13, 1997, as amended
      by letter agreements dated September 9, 1998, May 12, 1999, April 14,
      2000, and April 11, 2002 between the Company and The Prudential Insurance
      Company of America ("Prudential") and each affiliate of Prudential which
      is bound thereby pursuant to the terms thereof, and (ii) the Note
      Agreement dated as of April 13, 1992, as amended through the date hereof,
      between Cotter & Company, the predecessor to the Company, and Prudential,
      each as amended from time to time.

            "SECOND AMENDMENT" shall mean the Second Amendment to the Amended
      and Restated Senior Note Purchase Agreement dated as of December 30, 2002
      between the Company and the Purchasers who are signatories thereto.

            "SECURITY AGREEMENT" shall mean the Security Agreement among the
      Company, various Subsidiaries and the Collateral Agent, dated April 14,
      2000 and as amended by a First Amendment to the Security Agreement dated
      as of April 11, 2002, in the form of Exhibit I, and a Second Amendment to
      the Security Agreement as of December 30, 2002 in the form of Exhibit I-1,
      as

                                       9
<PAGE>

      amended from time to time in accordance with its terms and the terms of
      the Intercreditor Agreement.

            "SPECIAL COMPANY ACCOUNT" shall have the meaning given in the
      Security Agreement.

      1.14 Amendment to Exhibits. Exhibit G--the Intercreditor Agreement to the
Original NPA is supplemented with Exhibit G-1--the First Amendment to the
Intercreditor Agreement attached to this Second Amendment. Exhibit I--the
Security Agreement to the Original NPA is supplemented with Exhibit G-1--the
December 2002 Amendment to the Security Agreement attached to this Second
Amendment.

      1.15 Amendment to Schedules. Schedule 1--Purchasers is deleted in its
entirety and replaced with Schedule 1--Purchasers attached to this Second
Amendment. The Original NPAs are further amended by the supplement of Schedule
6A(3)(i)(v)--Scheduled RDC Sales attached to this Second Amendment.

      1.16 The Schedules and Exhibits attached hereto shall be deemed to amend
the previous schedules or exhibits and any new schedules or exhibits attached
hereto shall be an integral part of the Original NPAs.

      SECTION 2. Representations and Warranties. The Company represents,
covenants and warrants to each of the Purchasers that, after giving effect
hereto as though all conditions of effectiveness have been met, (a) each
representation and warranty set forth below is true and correct as of the date
of execution and delivery of this Second Amendment by the Company with the same
effect as if made on such date (except to the extent such representations and
warranties expressly refer to an earlier date, in which case they were true and
correct as of such earlier date), subject to in the case of the representations
and warranties contained in Paragraph 2D below to the matters disclosed in that
Consent to Waiver dated August 26, 2002 executed by the Required Holders, (b) no
Event of Default or Default exists, and (c) no fee has been paid or is payable
to the Lenders or the Agent (each as defined under the Intercreditor Agreement)
in connection with the execution and effectiveness of the First Amendment to the
BA Credit Agreements:

      2A. ORGANIZATION; QUALIFICATIONS; CORPORATE POWER. The Company is a
corporation duly organized and existing in good standing under the laws of the
State of Delaware, each Subsidiary is duly organized and existing in good
standing under the laws of the jurisdiction in which it is formed and the
Company and each of its Subsidiaries is duly qualified as a foreign corporation
or entity and is in good standing in each jurisdiction in which such
qualification is required by law, other than those jurisdictions in which the
failure to be so qualified could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. The Company has and
each Subsidiary has the power to own their respective properties and to carry on
their

                                       10
<PAGE>

respective businesses as now being conducted. No Subsidiary has outstanding any
shares of stock of a class which has priority over any other class as to
dividends or in liquidation (except as otherwise disclosed on Schedule 2A). Each
of the Company and each Subsidiary has the power and authority to execute and
deliver this Agreement, the Other Agreements, the Guaranty, the Collateral
Documents, the Notes and all other Note Documents to which it is a party and to
perform the provisions hereof and thereof.

      2B. AUTHORIZATION, ETC. This Agreement, the Other Agreements, the
Guaranty, the Collateral Documents, the Notes and all other Note Documents have
been duly authorized by all necessary action on the part of the Company and each
Subsidiary party thereto and this Agreement, the Other Agreements, the Guaranty,
the Collateral Documents and all other Note Documents constitute, and upon
execution and delivery thereof each Note will constitute, a legal, valid and
binding obligation of the Company and each Subsidiary party thereto enforceable
against the Company and each such Subsidiary in accordance with its terms,
except as such enforceability may be limited by (i) applicable bankruptcy,
insolvency, reorganization, moratorium or other similar laws affecting the
enforcement of creditors' rights generally and (ii) general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law).

      2C. LEGAL RESTRICTIONS; SUBSIDIARIES. (a) No Subsidiary is a party to, or
otherwise subject to any legal restriction or any agreement (other than this
Agreement, the agreements listed on Schedule 2C and customary limitations
imposed by corporate law statutes) restricting the ability of such Subsidiary to
pay dividends out of profits or make any other similar distributions of profits
to the Company or any of its Subsidiaries that owns outstanding shares of
capital stock or similar equity interests of such Subsidiary.

      (b) Except as otherwise provided in paragraph 5K of the Original NPAs
(after giving effect to the Second Amendment), the Subsidiaries that are parties
to the Guaranty and the Security Agreement constitute all of the Subsidiaries of
the Company. Except as otherwise provided in paragraph 5K of the Original NPAs
(after giving effect to the Second Amendment), the Company has pledged, pursuant
to the Pledge Agreement, all of the capital stock of each Subsidiary.

      2D. FINANCIAL STATEMENTS.

            (a) The Company has furnished you and each Other Purchaser of any
      Note with the following financial statements, identified by a Senior
      Financial Officer of the Company: (i) a consolidated balance sheet of the
      Company and its Subsidiaries as at fiscal year end in each of the three
      fiscal years of the Company most recently completed prior to the date as
      of which this representation is made or repeated to such Purchaser (other
      than fiscal years completed within 90 days prior to such date for which
      audited financial statements have not been released) and consolidated
      statements of operations and cash flows and a consolidated statement of
      capital stock and retained earnings of the Company and its

                                       11
<PAGE>

      Subsidiaries for each such year, all reported on by Ernst & Young (or any
      independent public accounting firm of recognized national standing) and
      (ii) a consolidated balance sheet of the Company and its Subsidiaries as
      at the end of the quarterly period (if any) most recently completed prior
      to such date and after the end of such fiscal year (other than quarterly
      periods completed within 60 days prior to such date for which financial
      statements have not been released) and the comparable quarterly period in
      the preceding fiscal year and consolidated statements of operations and
      cash flows and a consolidated statement of capital stock and retained
      earnings for the periods from the beginning of the fiscal years in which
      such quarterly periods are included to the end of such quarterly periods,
      prepared by the Company. Such financial statements (including any related
      schedules and/or notes) are true and correct in all material respects
      (subject as to interim statements to changes resulting from audits and
      year-end adjustments), have been prepared in accordance with GAAP
      consistently followed throughout the periods involved and show all
      liabilities, direct and contingent, of the Company and its Subsidiaries
      required to be shown in accordance with such principles. The balance
      sheets fairly present the condition of the Company and its Subsidiaries as
      at the dates thereof, and the statements of operations, capital stock and
      retained earnings and cash flows fairly present the results of the
      operations of the Company and its Subsidiaries and their cash flows for
      the periods indicated.

            (b) There has been no material adverse change in the business,
      operations, condition (financial or otherwise), assets, properties or
      prospects of the Company and its Subsidiaries taken as a whole since the
      end of the most recent fiscal year for which such audited financial
      statements have been furnished other than as has been previously disclosed
      by the Company to the Purchasers for any changes through December 30,
      2002. The Company is not aware of any facts that (individually or in the
      aggregate) would result in any material change in the Business Plan. The
      Business Plan was prepared on the basis of assumptions (all of which were
      made by the Company in good faith), and reflect the reasonable estimates
      of the Company of the financial condition, results of operations and other
      information projected therein.

      2E. ACTIONS PENDING. Except as described in reasonable detail on Schedule
2E, there is no action, suit, investigation or proceeding pending or, to the
knowledge of the Company, threatened against the Company or any of its
Subsidiaries, or any properties or rights of the Company or any of its
Subsidiaries, by or before any court, arbitrator or administrative or
governmental body which could be reasonably expected to have a Material Adverse
Effect.

      2F. OUTSTANDING DEBT. Neither the Company nor any of its Subsidiaries has
outstanding any Debt except as permitted by paragraph 6A(2) of the Original NPAs
(after giving effect to the Second Amendment). There exists no default under the
provisions of any instrument (as defined in the UCC) or agreement evidencing
Debt of the Company or

                                       12
<PAGE>

any of its Subsidiaries in an amount greater than $250,000 or of any agreement
relating thereto (it being understood that the representation and warranty in
this sentence is made after giving effect to the April 2002 Modification and the
amendments prior thereto).

      2G. TITLE TO PROPERTIES. The Company has and each of its Subsidiaries has
good, marketable and indefeasible title to its respective real properties (other
than properties which it leases) and good title to all of its other respective
properties and assets, including the properties and assets reflected in the most
recent audited balance sheet referred to in paragraph 2D of this Second
Amendment (other than properties and assets disposed of (x) in the ordinary
course of business, (y) in connection with the sale of the Brookings regional
distribution center, or (z) pursuant to the Designated Sale-Leaseback
Transaction), subject to no Lien of any kind except Liens permitted by paragraph
6A(1) of the Original NPAs. All leases necessary in any material respect for the
conduct of the respective businesses of the Company and its Subsidiaries are
valid and subsisting and are in full force and effect. The security interests
granted under the Security Agreement by the Company and its Subsidiaries (the
"Security Interests") are granted as security only and shall not subject the
Collateral Agent or any holder of the Notes to, or transfer or in any way affect
or modify, any obligation or liability of the Company or any other Debtor (as
defined in the Security Agreement) with respect to any of the Collateral (as
defined in the Security Agreement) or any transaction in connection therewith.
The Security Interests constitute valid security interests under the Uniform
Commercial Code as in effect from time to time in the State of Illinois ("UCC")
securing the Liabilities (as defined in the Security Agreement). The Security
Interests constitute perfected security interests in the Collateral (as defined
in the Security Agreement) (except inventory in transit) to the extent that a
security interest therein may be perfected by filing pursuant to the UCC, prior
to all other liens, claims and rights of others therein except for Permitted
Liens (as defined in the Security Agreement).

      2H. TAXES. The Company has and each of its Subsidiaries has filed all
federal, state and other tax returns which are required to be filed, and each
has paid all taxes as shown on such returns and on all assessments received by
it to the extent that such taxes have become due, except such unfiled returns
and unpaid taxes (i) as are being contested in good faith by appropriate
proceedings for which adequate reserves have been established in accordance with
GAAP or (ii) the non-filing or non-payment of which (a) could not be reasonably
expected to have a Material Adverse Effect and (b) does not result in the
creation of any Lien other than Liens permitted by paragraph 6A(l)(i) of the
Original NPAs.

      2I. CONFLICTING AGREEMENTS AND OTHER MATTERS. Neither the Company nor any
of its Subsidiaries is a party to any contract or agreement or subject to any
charter or other corporate restriction which could have a Material Adverse
Effect. Neither the execution nor delivery of this Agreement, the Other
Agreements, the Guaranty, the Collateral Documents, the Notes or any of the
other Note Documents, nor the offering, issuance and sale of the Notes, nor
fulfillment of nor compliance with the terms and

                                       13
<PAGE>

provisions hereof and thereof and of the Notes will conflict with, or result in
a breach of the terms, conditions or provisions of, or constitute a default
under, or result in any violation of, or result in the creation of any Lien
(other than the Liens created by the Collateral Documents) upon any of the
properties or assets of the Company or any of its Subsidiaries pursuant to, the
charter or by-laws of the Company or any of its Subsidiaries, any award of any
arbitrator or any agreement (including any agreement with stockholders),
instrument, order, judgment, decree, statute, law, rule or regulation to which
the Company or any of its Subsidiaries is subject. Neither the Company nor any
of its Subsidiaries is a party to, or otherwise subject to any provision
contained in, any instrument evidencing Indebtedness of the Company or such
Subsidiary, any agreement relating thereto or any other contract or agreement
(including its charter) which limits the amount of, or otherwise imposes
restrictions on the incurring of, Debt of the Company of the type to be
evidenced by the Notes except as set forth in the agreements listed in Schedule
2I attached hereto (as such Schedule 2I may have been modified from time to time
by written supplements thereto delivered by the Company and accepted in writing
by the Required Holders).

      2J. ERISA. No contribution required to have been made to any Plan by the
Company or any Subsidiary under the provisions of the Plan or ERISA remains
unpaid and no accumulated funding deficiency (as defined in section 302 of ERISA
and section 412 of the Code), whether or not waived, exists with respect to any
Plan (other than a Multiemployer Plan). No liability to the PBGC has been or is
expected by the Company or any ERISA Affiliate to be incurred with respect to
any Plan (other than a Multiemployer Plan) by the Company, any Subsidiary or any
ERISA Affiliate which has caused or could cause a Material Adverse Effect. None
of the Company, any Subsidiary or any ERISA Affiliate has incurred or presently
expects to incur any withdrawal liability under Title IV of ERISA with respect
to any Multiemployer Plan which has caused or could cause a Material Adverse
Effect.

      2K. GOVERNMENTAL CONSENT. Neither the nature of the Company or of any
Subsidiary, nor any of their respective businesses or properties, nor any
relationship between the Company or any Subsidiary and any other Person, nor any
circumstance in connection with the offering, issuance, sale or delivery of the
Notes is such as to require any authorization, consent, approval, exemption or
any action by or notice to or filing with any court or administrative or
governmental body (other than routine filings after the Effective Date for any
Notes with the Securities and Exchange Commission and/or state Blue Sky
authorities) in connection with the execution and delivery of this Agreement,
the offering, issuance, sale or delivery of the Notes or fulfillment of or
compliance with the terms and provisions hereof or of the Notes.

      2L. ENVIRONMENTAL COMPLIANCE. The Company and its Subsidiaries and all of
their respective properties and facilities have complied at all times and in all
respects with all Environmental Laws, except, in any such case, where failure to
so comply could not reasonably be expected to result in a Material Adverse
Effect.

                                       14
<PAGE>

      2M. SECTION 144A. The Notes are not of the same class as securities, if
any, of the Company listed on a national securities exchange registered under
Section 6 of the Exchange Act or quoted in a U.S. automated inter-dealer
quotation system.

      2N. STATUS UNDER CERTAIN STATUTES. Neither the Company nor any Subsidiary
is subject to regulation under the Investment Company Act of 1940, as amended,
the Public Utility Holding Company Act of 1935, as amended, the Interstate
Commerce Act, as amended, or the Federal Power Act, as amended.

      2O. PRIORITY OF NOTES; BENEFITED OBLIGATIONS. The Notes constitute
"Superior Indebtedness" as such term is defined in the Company's Promissory
(subordinated) Notes, the form of which is attached to the April 2002
Modification as Exhibit A and the Subordinated Debt is subordinated to the
Indebtedness owing from time to time by the Company to the holders of the Notes
in connection with this Agreement.

      2P. LICENSES, PERMITS, ETC.

      Except as disclosed in Schedule 2P,

            (i) the Company and its Subsidiaries own or possess all licenses,
permits, franchises, authorizations, patents, copyrights, service marks,
trademarks and trade names, or rights thereto, that individually or in the
aggregate are Material, without known conflict with the rights of others; .

            (ii) to the best knowledge of the Company, no product of the Company
infringes in any material respect any license, permit, franchise, authorization,
patent, copyright, service mark, trademark, trade name or other right owned by
any other Person; and

            (iii) to the best knowledge of the Company, there is no Material
violation by any Person of any right of the Company or any of its Subsidiaries
with respect to any patent, copyright, service mark, trademark, trade name or
other right owned or used by the Company or any of its Subsidiaries.

      SECTION 3. Effectiveness. The amendments described in Section 1 above
shall become effective as of the date upon which each Purchaser has received the
following (the "Second Amendment Effective Date"):

            (a) To the extent due and payable, payment of all costs and expenses
of such Purchaser (including the reasonable fees and disbursements of legal
counsel (Bell, Boyd & Lloyd LLC) to the Purchasers) in connection with this
Second Amendment and all prior negotiations and documentation;

                                       15
<PAGE>

            (b) A copy of this Second Amendment duly executed by each party
hereto;

            (c) A copy of each of the amendments to the BA Credit Agreements,
the Prudential Agreement, the "Operative Documents" (each as defined in the
Intercreditor Agreement) and the Security Agreement, each certified as being in
full force and effect and each being in form and substance reasonably
satisfactory to the Purchasers and all ancillary documents in connection
therewith, including the Confirmation (as attached to the First Amendment to the
BA Credit Agreements);

            (d) A copy of the First Amendment to the Intercreditor Agreement
duly executed by all the parties thereto and in form and substance satisfactory
to the Purchasers;

            (e) A copy of those certain leases, deeds and a Closing Agreement,
dated as of December 30, 2002, duly executed by TruServ and Bolt (DE) Limited
Partnership and all ancillary documents in connection therewith, including such
evidence as reasonably satisfactory to the Purchasers to substantiate the
execution and completion of the Designated Sale-Leaseback Transaction;

            (f) Such other documents or certificates as any Purchaser may
reasonably request; and

            (g) Evidence reasonably satisfactory to the Purchasers that all
corporate and other proceedings shall have occurred.

      SECTION 4. Further Assurances. Upon the request of the Purchasers, the
Company agrees to provide or cause its Subsidiaries to provide to the Purchasers
such additional amendments, consents, reaffirmations and ancillary documentation
as necessary or advisable, in the sole reasonable discretion of the Majority
Holders, to ensure that the Collateral Documents (as defined in the
Intercreditor Agreement) are in full force and effect in all respects.

      SECTION 5. Reference to and Effect on Original NPAs. Upon the
effectiveness of this Second Amendment as set forth in Section 3 above, each
reference to the Original NPAs (also referenced in certain other Financing
Agreements as the Senior Note Agreements or the Private Placement Agreements) in
any other document, instrument or agreement shall mean and be a reference to
such agreement as modified by this Second Amendment. Except as specifically set
forth in and in conformity with Section 1 above, each Original NPA shall remain
in full force and effect and each is hereby ratified and confirmed in all
respects.

                                       16
<PAGE>

      SECTION 6. Waiver. Nothing contained herein shall be construed as a waiver
of or consent to any violation of the Original NPAs or any Default or Event of
Default under the Original NPAs.

      SECTION 7. Governing Law. THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW
OF THE STATE OF NEW YORK, EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW IN SUCH
STATE THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER
THAN SUCH STATE.

      SECTION 8. WAIVER OF JURY TRIAL. EACH OF THE COMPANY AND EACH HOLDER OF
NOTES HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT, THE ORIGINAL NPAs, THE
NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

      SECTION 9. Counterparts; Section Titles. This Second Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be
deemed to be an original and all of which when taken together shall constitute
but one and the same instrument. The section titles contained in this Second
Amendment are and shall be without substance, meaning or content of any kind
whatsoever and are not a part of the agreement between the parties hereto.

      SECTION 10. Consents and Waiver. Notwithstanding any provision in the
Original NPAs to the contrary, the Purchasers consent to (a) the amendments to
the Financing Agreements set forth as Exhibits G-1 and I-1 to the Original NPAs
and Exhibits A, B and C hereto (b) the consummation of the Designated
Sale-Leaseback Transaction and (c) the release of collateral by the Collateral
Agent to the extent subject to the Designated Sale-Leaseback Transaction.
Notwithstanding any provision in the Original NPAs to the contrary, the
Purchasers hereby confirm that the Make-Whole Amount (as defined in the
Intercreditor Agreement) due with respect to the Designated Sale-Leaseback
Transaction shall be the Make-Whole Original Amount (as defined in the
Intercreditor Agreement) and the Purchasers hereby waive any rights to any
Make-Whole Delta Obligations (as defined in the Intercreditor Agreement) in
connection with prepayments required in connection with the Designated
Sale-Leaseback Transaction.

                         [SIGNATURES ON FOLLOWING PAGE]

                                       17
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

ALLSTATE INSURANCE COMPANY

By: /s/ ROBERT BODETT
    ---------------------------------
    Name: Robert Bodett
    Title: Senior Portfolio Manager

By: /s/ RONALD MENDEL
    ---------------------------------
    Name: Ronald Mendel
    Title: Managing Director

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

ALLSTATE LIFE INSURANCE COMPANY

By: /s/ ROBERT BODETT
    ---------------------------------
    Name: Robert Bodett
    Title: Senior Portfolio Manager

By: /s/ RONALD MENDEL
    ---------------------------------
    Name: Ronald Mendel
    Title: Managing Director

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

KEYPORT LIFE INSURANCE COMPANY
BY COLUMBIA MANAGEMENT GROUP AS AGENT

By: /s/ RICHARD A HEGWOOD
    ---------------------------------
    Name: Richard A. Hegwood
    Title: Senior Vice President

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

THRIVENT FINANCIAL FOR LUTHERANS F/K/A AID ASSOCIATION FOR
LUTHERANS

By: /s/ GLEN VANIC
    ---------------------------------
    Name: Glen Vanic
    Title: Portfolio Manager

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

NATIONWIDE LIFE INSURANCE COMPANY

By: /s/ MARK W POEPPELMAN
    ---------------------------------
    Name: Mark W. Poeppelman
    Title: Vice President

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

FEDERATED LIFE INSURANCE COMPANY

By: /s/ MARK A. HOOD
    ---------------------------------
    Name: Mark A. Hood
    Title: Vice President

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

FEDERATED MUTUAL INSURANCE COMPANY

By: /s/ MARK A. HOOD
    ---------------------------------
    Name: Mark A. Hood
    Title: Vice President

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

MODERN WOODMEN OF AMERICA

By: /s/ NICK S. COIN
    ---------------------------------------
    Name: Nick S. Coin
    Title: Treasurer and Investment Manager

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

AMERITAS LIFE INSURANCE CORP.
BY AMERITAS INVESTMENT ADVISORS, INC. AS AGENT

By: /s/ ANDREW S. WHITE
    ---------------------------------
    Name: Andrew S. White
    Title: Vice President

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

NATIONAL GUARDIAN LIFE INSURANCE COMPANY

By: /s/ R. A. MUCCI
    -----------------------------------
    Name: R.A. Mucci
    Title: Vice President and Treasurer

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                   * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

FOOTHILL PARTNERS IV, L.P.

By: /s/ R. MICHAEL BOHANNON
    ---------------------------------
    Name: R. Michael Bohannon
    Title: Managing Member

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

EVEREST CAPITAL SENIOR DEBT FUND, LP

By: /s/ MALCOLM STOTT
    ---------------------------------
    Name:  Malcolm Stott
    Title: Chief Operating Officer

By: /s/ SIMON ONABOWALE
    ---------------------------------
    Name: Simon Onabowale
    Title: Principal

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

ABRAMS CAPITAL, LLC

By: /s/ DAVID ABRAMS
    ---------------------------------
    Name: David Abrams
    Title: Managing Member

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

RAVICH REVOCABLE TRUST OF 1989

By: /s/ JESS M. RAVICH
    ---------------------------------
    Name: Jess M. Ravich
    Title: Trustee

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

JEFFREY D. BENJAMIN

By: /s/ JEFFREY D. BENJAMIN
    ---------------------------------
    Name: Jeffrey D. Benjamin

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

CANYON VALUE REALIZATION FUND, L.P.
BY CANPARTNERS INVESTMENTS III, L.P.,
AS GENERAL PARTNER, BY CANYON CAPITAL
ADVISORS, LLC, AS GENERAL PARTNER

By: /s/ R. C. B. EVENSEN
    ---------------------------------
    Name: R.C.B. Evensen
    Title: Managing Partner

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

CANYON VALUE REALIZATION FUND (CAYMAN), LTD.

By: /s/ R. C. B. EVENSEN
    ---------------------------------
    Name: R.C.B. Evensen
    Title: Director

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

CANYON VALUE REALIZATION MAC-18, LTD.
BY CANYON CAPITAL ADVISORS, LLC, AS
INVESTMENT ADVISOR

By: /s/ R. C. B. EVENSEN
    ---------------------------------
    Name: R.C.B. Evensen
    Title: Managing Partner

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                    * * * * *

If you are in agreement with the foregoing, please sign this Amendment and
return it to the Company, whereupon the foregoing shall become a binding
agreement between you and the Company.

                                           Very truly yours,

                                           TRUSERV CORPORATION

                                           By: /s/ DAVID SHADDUCK
                                               ---------------------------------
                                               Name: David Shadduck
                                               Title: Senior Vice President

The foregoing Amendment is
hereby accepted as of the
date first above written.

RICHARD M. COPPERSMITH

By: /s/ RICHARD M. COPPERSMITH
    ---------------------------------
    Name: Richard M. Coppersmith

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                              SCHEDULE 6A(3)(I)(V)

                               SCHEDULED RDC SALES

<TABLE>
<CAPTION>
 PROPERTY                      TYPE                        ADDRESS
 --------                      ----                        -------
<S>                     <C>                           <C>
Allentown               Distribution Center           7058 Snowdrift Rd
                                                      Fogelsville, PA 18087

Atlanta                 Distribution Center           7600 Jonesboro Rd
                                                      Jonesboro, GA 30236

Corsicana               Distribution Center           2601 East State Highway 31
                                                      Corsicana, TX 75153

Kansas City             Distribution Center           14900 US Highway 71
                                                      Kansas City, MO 64147

Kingman                 Distribution Center           4005 Mohave Airport Dr
                                                      Kingman, AZ 86401

Springfield             Distribution Center           2150 Olympic Ave
                                                      Springfield, OR 97477

Woodland                Distribution Center           215 N. Pioneer Ave
                                                      Woodland, CA 95776
</TABLE>

         [Signature Page to Amendment to Senior Note Purchase Agreement]
<PAGE>

                                   EXHIBIT G-1

                                TO ORIGINAL NPAs

                      AMENDMENT TO INTERCREDITOR AGREEMENT

Please see attached.

<PAGE>

                                   EXHIBIT I-1

                                TO ORIGINAL NPAs

                         AMENDMENT TO SECURITY AGREEMENT

Please see attached.

<PAGE>

                                   SCHEDULE 2A

                               TO SECOND AMENDMENT

                       SUBSIDIARY STOCK WITH A PREFERENCE

None.

<PAGE>

                                   SCHEDULE 2C

                               TO SECOND AMENDMENT

                               LEGAL RESTRICTIONS

The Financing Agreements (as defined in the Intercreditor Agreement).

<PAGE>

                                   SCHEDULE 2E

                               TO SECOND AMENDMENT

                                 ACTIONS PENDING

None.

<PAGE>

                                   SCHEDULE 2I

                               TO SECOND AMENDMENT

                             RESTRICTIVE AGREEMENTS

1. Shelf Agreement (as defined in the Intercreditor Agreement).

2. Credit Agreement (as defined in the Intercreditor Agreement).

3. "Operative Documents" referred to in the Synthetic Lease Guaranty (as defined
in the Intercreditor Agreement).

<PAGE>

                                   SCHEDULE 2P

                               TO SECOND AMENDMENT

                                LICENSES, PERMITS

None.

<PAGE>

                                    EXHIBIT A

                               TO SECOND AMENDMENT

                        AMENDMENT TO BA CREDIT AGREEMENTS

Please see attached.

<PAGE>

                                    EXHIBIT B

                               TO SECOND AMENDMENT

                        AMENDMENT TO PRUDENTIAL AGREEMENT

Please see attached.

<PAGE>

                                    EXHIBIT C

                               TO SECOND AMENDMENT

                          AMENDMENT TO SYNTHETIC LEASE

Please see attached.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00048-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00048-of-00352.parquet"}]]