Document:

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                            PAC-WEST TELECOMM, INC.

                       2000 EMPLOYEE STOCK PURCHASE PLAN
                       ---------------------------------

          The following constitute the provisions of the 2000 Employee Stock
Purchase Plan of Pac-West Telecomm, Inc.

          1.  Purpose.  The purpose of the Plan is to provide employees of the
              -------
Company and its Designated Parents or Subsidiaries with an opportunity to
purchase Common Stock of the Company through accumulated payroll deductions.  It
is the intention of the Company to have the Plan qualify as an "Employee Stock
Purchase Plan" under Section 423 of the Code.  The provisions of the Plan,
accordingly, shall be construed so as to extend and limit participation in a
manner consistent with the requirements of that section of the Code.

          2.  Definitions.  As used herein, the following definitions shall
              -----------
apply:

          (a) "Administrator" means either the Board or a committee of the Board
               -------------
that is responsible for the administration of the Plan as is designated from
time to time by resolution of the Board.

          (b) "Applicable Laws" means the legal requirements relating to the
               ---------------
administration of employee stock purchase plans, if any, under applicable
provisions of federal securities laws, state corporate and securities laws, the
Code, the rules of any applicable stock exchange or national market system, and
the rules of any foreign jurisdiction applicable to participation in the Plan by
residents therein.

          (c) "Board" means the Board of Directors of the Company.
               -----

          (d) "Change in Control" means a change in ownership or control of the
               -----------------
Company effected through the direct or indirect acquisition by any person or
related group of persons (other than an acquisition from or by the Company or by
a Company-sponsored employee benefit plan or by a person that directly or
indirectly controls, is controlled by, or is under common control with, the
Company) of beneficial ownership (within the meaning of Rule 13d-3 of the
Exchange Act) of securities possessing more than fifty percent (50%) of the
total combined voting power of the Company's outstanding securities.

          (e) "Code" means the Internal Revenue Code of 1986, as amended.
               ----

          (f) "Common Stock" means the common stock of the Company.
               ------------

          (g) "Company" means Pac-West Telecomm, Inc., a California corporation.
               -------

          (h) "Compensation" means an Employee's base salary, overtime,
               ------------
commissions and bonuses from the Company or one or more Designated Parents or
Subsidiaries, including such amounts of base salary as are deferred by the
Employee (i) under a qualified cash or deferred arrangement described in Section
401(k) of the Code, or (ii) to a plan qualified under

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Section 125 of the Code. Compensation does not include reimbursements or other
expense allowances, fringe benefits (cash or noncash), moving expenses, deferred
compensation, contributions (other than contributions described in the first
sentence) made on the Employee's behalf by the Company or one or more Designated
Parents or Subsidiaries under any employee benefit or welfare plan now or
hereafter established, and any other payments not specifically referenced in the
first sentence.

          (i) "Corporate Transaction" means any of the following transactions:
               ---------------------

              (1) a merger or consolidation in which the Company is not the
          surviving entity, except for a transaction the principal purpose of
          which is to change the state in which the Company is incorporated;

              (2) the sale, transfer or other disposition of all or
          substantially all of the assets of the Company (including the capital
          stock of the Company's subsidiary corporations) in connection with
          complete liquidation or dissolution of the Company;

              (3) any reverse merger in which the Company is the surviving
          entity but in which securities possessing more than fifty percent
          (50%) of the total combined voting power of the Company's outstanding
          securities are transferred to a person or persons different from those
          who held such securities immediately prior to such merger; or

              (4) acquisition by any person or related group of persons (other
          than the Company or by a Company-sponsored employee benefit plan) of
          beneficial ownership (within the meaning of Rule 13d-3 of the Exchange
          Act) of securities possessing more than fifty percent (50%) of the
          total combined voting power of the Company's outstanding securities
          (whether or not in a transaction also constituting a Change in
          Control), but excluding any such transaction that the Administrator
          determines shall not be a Corporate Transaction

          (j) "Designated Parents or Subsidiaries" means the Parents or
               ----------------------------------
Subsidiaries which have been designated by the Administrator from time to time
as eligible to participate in the Plan.

          (k) "Effective Date" means the date the Administrator deems
               --------------
appropriate to commence the first Offer Period. However, should any Designated
Parent or Subsidiary become a participating company in the Plan after such date,
then such entity shall designate a separate Effective Date with respect to its
employee-participants.

          (l) "Employee" means any individual, including an officer or director,
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who is an employee of the Company or a Designated Parent or Subsidiary for
purposes of Section 423 of the Code. For purposes of the Plan, the employment
relationship shall be treated as continuing intact while the individual is on
sick leave or other leave of absence approved by the individual's employer.
Where the period of leave exceeds ninety (90) days and the individual's right to

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reemployment is not guaranteed either by statute or by contract, the employment
relationship will be deemed to have terminated on the ninety-first (91st) day of
such leave, for purposes of determining eligibility to participate in the Plan.

          (m) "Enrollment Date" means the first day of each Offer Period.
               ---------------

          (n) "Exchange Act" means the Securities Exchange Act of 1934, as
               ------------
amended.

          (o) "Exercise Date" means the last day of each Purchase Period.
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          (p) "Fair Market Value" means, as of any date, the value of Common
               -----------------
Stock determined as follows:

              (1) Where there exists a public market for the Common Stock, the
          Fair Market Value shall be (A) the closing price for a share of Common
          Stock for the last market trading day prior to the time of the
          determination (or, if no closing price was reported on that date, on
          the last trading date on which a closing price was reported) on the
          stock exchange determined by the Administrator to be the primary
          market for the Common Stock or the Nasdaq National Market, whichever
          is applicable or (B) if the Common Stock is not traded on any such
          exchange or national market system, the average of the closing bid and
          asked prices of a share of Common Stock on the Nasdaq Small Cap Market
          for the day prior to the time of the determination (or, if no such
          prices were reported on that date, on the last date on which such
          prices were reported), in each case, as reported in The Wall Street
          Journal or such other source as the Administrator deems reliable; or

              (2) In the absence of an established market of the type described
          in (1), above, for the Common Stock, the Fair Market Value thereof
          shall be determined by the Administrator in good faith.

          (q) "Offer Period" means an Offer Period established pursuant to
               ------------
Section 4 hereof.

          (r) "Parent" means a "parent corporation," whether now or hereafter
               ------
existing, as defined in Section 424(e) of the Code.

          (s) "Participant" means an Employee of the Company or Designated
               -----------
Parent or Subsidiary who is actively participating in the Plan.

          (t) "Plan" means this Employee Stock Purchase Plan.
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          (u) "Purchase Period" means a period specified as such pursuant to
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Section 4(b) hereof.

          (v) "Purchase Price" shall  mean an amount equal to 85% of the Fair
               --------------
Market Value of a share of Common Stock on the Enrollment Date or on the
Exercise Date, whichever is lower.

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          (w) "Reserves" means the sum of the number of shares of Common Stock
               --------
covered by each option under the Plan which have not yet been exercised and the
number of shares of Common Stock which have been authorized for issuance under
the Plan but not yet placed under option.

          (x) "Subsidiary" means a "subsidiary corporation," whether now or
               ----------
hereafter existing, as defined in Section 424(f) of the Code.

          3.  Eligibility.
              -----------

          (a) General.  Any individual who is an Employee on a given Enrollment
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Date shall be eligible to participate in the Plan for the Offer Period
commencing with such Enrollment Date.

          (b) Limitations on Grant and Accrual.  Any provisions of the Plan to
              --------------------------------
the contrary notwithstanding, no Employee shall be granted an option under the
Plan (i) if, immediately after the grant, such Employee (taking into account
stock owned by any other person whose stock would be attributed to such Employee
pursuant to Section 424(d) of the Code) would own stock and/or hold outstanding
options to purchase stock possessing five percent (5%) or more of the total
combined voting power or value of all classes of stock of the Company or of any
Parent or Subsidiary, or (ii) which permits the Employee's rights to purchase
stock under all employee stock purchase plans of the Company and its Parents or
Subsidiaries to accrue at a rate which exceeds Twenty-Five Thousand Dollars
($25,000) worth of stock (determined at the Fair Market Value of the shares at
the time such option is granted) for each calendar year in which such option is
outstanding at any time.  The determination of the accrual of the right to
purchase stock shall be made in accordance with Section 423(b)(8) of the Code
and the regulations thereunder.

          (c) Other Limits on Eligibility.  Notwithstanding Subsection (a),
              ---------------------------
above, the following Employees shall not be eligible to participate in the Plan
for any relevant Offer Period: (i) Employees whose customary employment is 20
hours or less per week; (ii) Employees whose customary employment is for not
more than 5 months in any calendar year; (iii) Employees who have been employed
for fewer than 30 days; and (iv) Employees who are subject to rules or laws of a
foreign jurisdiction that prohibit or make impractical the participation of such
Employees in the Plan.

          4.  Offer Periods.
              -------------

          (a) The Plan shall be implemented through overlapping or consecutive
Offer Periods until such time as (i) the maximum number of shares of Common
Stock available for issuance under the Plan shall have been purchased or (ii)
the Plan shall have been sooner terminated in accordance with Section 19 hereof.
The maximum duration of an Offer Period shall be six (6) months.  Initially, the
Plan shall be implemented through consecutive Offer Periods of six (6) months'
duration commencing each January 1 and July 1 following the Effective Date
(except that the initial Offer Period shall commence on the Effective Date and

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shall end on the date determined by the Administrator at the commencement of the
initial Offer Period).

          (b) A Participant shall be granted a separate option for each Offer
Period in which he or she participates.  The option shall be granted on the
Enrollment Date and shall be automatically exercised on the last day of the
Offer Period.  However, with respect to any Offer Period, the Administrator may
specify shorter Purchase Periods within an Offer Period, such that the option
granted on the Enrollment Date shall be automatically exercised in successive
installments on the last day of each Purchase Period ending within the Offer
Period.

          (c) Except as specifically provided herein, the acquisition of Common
Stock through participation in the Plan for any Offer Period shall neither limit
nor require the acquisition of Common Stock by a Participant in any subsequent
Offer Period.

          5.  Participation.
              -------------

          (a) An eligible Employee may become a Participant in the Plan by
completing a subscription agreement authorizing payroll deductions in the form
of Exhibit A (or in such other form or procedure the Administrator determines
for evidencing elections to participate) to this Plan and filing it with the
designated payroll office of the Company at least ten (10) business days prior
to the Enrollment Date for the Offer Period in which such participation will
commence, unless a later time for filing the subscription agreement is set by
the Administrator for all eligible Employees with respect to a given Offer
Period.

          (b) Payroll deductions for a Participant shall commence with the first
partial or full payroll period beginning on the Enrollment Date and shall end on
the last complete payroll period during the Offer Period, unless sooner
terminated by the Participant as provided in Section 10.

          6.  Payroll Deductions.
              ------------------

          (a) At the time a Participant files a subscription agreement, the
Participant shall elect to have payroll deductions made during the Offer Period
in amounts between one percent (1%) and not exceeding ten percent (10%) of the
Compensation which the Participant receives during the Offer Period.

          (b) All payroll deductions made for a Participant shall be credited to
the Participant's account under the Plan and will be withheld in whole
percentages only.  A Participant may not make any additional payments into such
account.

          (c) A Participant may discontinue participation in the Plan as
provided in Section 10, or may increase or decrease the rate of payroll
deductions during the Offer Period by completing and filing with the Company a
change of status notice in the form of Exhibit B to this Plan authorizing an
increase or decrease in the payroll deduction rate.  Any increase or decrease in
the rate of a Participant's payroll deductions shall be effective with the first
full payroll period commencing ten (10) business days after the Company's
receipt of the change of status notice unless the Company elects to process a
given change in participation more quickly.  A

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Participant's subscription agreement (as modified by any change of status
notice) shall remain in effect for successive Offer Periods unless terminated as
provided in Section 10. The Administrator shall be authorized to limit the
number of payroll deduction rate changes during any Offer Period.

          (d) Notwithstanding the foregoing, to the extent necessary to comply
with Section 423(b)(8) of the Code and Section 3(b) herein, a Participant's
payroll deductions shall be decreased to 0%.  Payroll deductions shall
recommence at the rate provided in such Participant's subscription agreement, as
amended, at the time when permitted under Section 423(b)(8) of the Code and
Section 3(b) herein, unless such participation is sooner terminated by the
Participant as provided in Section 10.

          7.  Grant of Option.  On the Enrollment Date, each Participant shall
              ---------------
be granted an option to purchase (at the applicable Purchase Price) four hundred
(400) shares of the Common Stock, subject to adjustment as provided in Section
18 hereof; provided that such option shall be subject to the limitations set
forth in Sections 3(b), 6 and 12 hereof.  Exercise of the option shall occur as
provided in Section 8, unless the Participant has withdrawn pursuant to Section
10, and the option, to the extent not exercised, shall expire on the last day of
the Offer Period.

          8.  Exercise of Option.  Unless a Participant withdraws from the Plan
              ------------------
as provided in Section 10, below, the Participant's option for the purchase of
shares will be exercised automatically on each Exercise Date, by applying the
accumulated payroll deductions in the Participant's account to purchase the
number of full shares subject to the option by dividing such Participant's
payroll deductions accumulated prior to such Exercise Date and retained in the
Participant's account as of the Exercise Date by the applicable Purchase Price.
No fractional shares will be purchased; any payroll deductions accumulated in a
Participant's account which are not sufficient to purchase a full share shall be
carried over to the next Offer Period or returned to the Participant, if the
Participant withdraws from the Plan.  Notwithstanding the foregoing, any amount
remaining in a Participant's account following the purchase of shares on the
Exercise Date due to the application of Section 423(b)(8) of the Code or Section
7, above, shall be returned to the Participant and shall not be carried over to
the next Offer Period.  During a Participant's lifetime, a Participant's option
to purchase shares hereunder is exercisable only by the Participant.

          9.  Delivery.  Upon receipt of a request from a Participant after each
              --------
Exercise Date on which a purchase of shares occurs, the Company shall arrange
the delivery to such Participant, as promptly as practicable, of a certificate
representing the shares purchased upon exercise of the Participant's option.

          10. Withdrawal; Termination of Employment.
              -------------------------------------

          (a) A Participant may either (i) withdraw all but not less than all
the payroll deductions credited to the Participant's account and not yet used to
exercise the Participant's option under the Plan or (ii) terminate future
payroll deductions, but allow accumulated payroll deductions to be used to
exercise the Participant's option under the Plan at any time by giving

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written notice to the Company in the form of Exhibit B to this Plan. If the
Participant elects withdrawal alternative (i) described above, all of the
Participant's payroll deductions credited to the Participant's account will be
paid to such Participant as promptly as practicable after receipt of notice of
withdrawal, such Participant's option for the Offer Period will be automatically
terminated, and no further payroll deductions for the purchase of shares will be
made during the Offer Period. If the Participant elects withdrawal alternative
(ii) described above, no further payroll deductions for the purchase of shares
will be made during the Offer Period, all of the Participant's payroll
deductions credited to the Participant's account will be applied to the exercise
of the Participant's option on the next Exercise Date, and after such Exercise
Date, such Participant's option for the Offer Period will be automatically
terminated. If a Participant withdraws from an Offer Period, payroll deductions
will not resume at the beginning of the succeeding Offer Period unless the
Participant delivers to the Company a new subscription agreement.

          (b) Upon termination of a Participant's employment relationship (as
described in Section 2(k)) at a time more than three (3) months from the next
scheduled Exercise Date, the payroll deductions credited to such Participant's
account during the Offer Period but not yet used to exercise the option will be
returned to such Participant or, in the case of his/her death, to the person or
persons entitled thereto under Section 14, and such Participant's option will be
automatically terminated.  Upon termination of a Participant's employment
relationship (as described in Section 2(k)) within three (3) months of the next
scheduled Exercise Date, the payroll deductions credited to such Participant's
account during the Offer Period but not yet used to exercise the option will be
applied to the purchase of Common Stock on the next Exercise Date, unless the
Participant (or in the case of the Participant's death, the person or persons
entitled to the Participant's account balance under Section 14) withdraws from
the Plan by submitting a change of status notice in accordance with subsection
(a) of this Section 10.  In such a case, no further payroll deductions will be
credited to the Participant's account following the Participant's termination of
employment and the Participant's option under the Plan will be automatically
terminated after the purchase of Common Stock on the next scheduled Exercise
Date.

          11. Interest.  No interest shall accrue on the payroll deductions
              --------
credited to a Participant's account under the Plan.

          12. Stock.
              -----

          (a) The maximum number of shares of Common Stock which shall be made
available for sale under the Plan shall be 1,000,000 shares, subject to
adjustment upon changes in capitalization of the Company as provided in Section
18.  If the Administrator determines that on a given Exercise Date the number of
shares with respect to which options are to be exercised may exceed (x) the
number of shares then available for sale under the Plan or (y) the number of
shares available for sale under the Plan on the Enrollment Date(s) of one or
more of the Offer Periods in which such Exercise Date is to occur, the
Administrator may make a pro rata allocation of the shares remaining available
for purchase on such Enrollment Dates or Exercise Date, as applicable, in as
uniform a manner as shall be practicable and as it shall determine to be

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equitable, and shall either continue all Offer Periods then in effect or
terminate any one or more Offer Periods then in effect pursuant to Section 19,
below.

          (b) A Participant will have no interest or voting right in shares
covered by the Participant's option until such shares are actually purchased on
the Participant's behalf in accordance with the applicable provisions of the
Plan.  No adjustment shall be made for dividends, distributions or other rights
for which the record date is prior to the date of such purchase.

          (c) Shares to be delivered to a Participant under the Plan will be
registered in the name of the Participant or in the name of the Participant and
his or her spouse.

          13. Administration.  The Plan shall be administered by the
              --------------
Administrator which shall have full and exclusive discretionary authority to
construe, interpret and apply the terms of the Plan, to determine eligibility
and to adjudicate all disputed claims filed under the Plan.  Every finding,
decision and determination made by the Administrator shall, to the full extent
permitted by Applicable Law, be final and binding upon all persons.

          14. Designation of Beneficiary.
              --------------------------

          (a) Each Participant will file a written designation of a beneficiary
who is to receive any shares and cash, if any, from the Participant's account
under the Plan in the event of such Participant's death.  If a Participant is
married and the designated beneficiary is not the spouse, spousal consent shall
be required for such designation to be effective.

          (b) Such designation of beneficiary may be changed by the Participant
(and the Participant's spouse, if any) at any time by written notice.  In the
event of the death of a Participant and in the absence of a beneficiary validly
designated under the Plan who is living (or in existence) at the time of such
Participant's death, the Company shall deliver such shares and/or cash to the
executor or administrator of the estate of the Participant, or if no such
executor or administrator has been appointed (to the knowledge of the
Administrator), the Administrator shall deliver such shares and/or cash to the
spouse (or domestic partner, as determined by the Administrator) of the
Participant, or if no spouse (or domestic partner) is known to the
Administrator, then to the issue of the Participant, such distribution to be
made per stirpes (by right of representation), or if no issue are known to the
Administrator, then to the heirs at law of the Participant determined in
accordance with Section 27.

          15. Transferability.  Neither payroll deductions credited to a
              ---------------
Participant's account nor any rights with regard to the exercise of an option or
to receive shares under the Plan may be assigned, transferred, pledged or
otherwise disposed of in any way (other than by will, the laws of descent and
distribution, or as provided in Section 14 hereof) by the Participant.  Any such
attempt at assignment, transfer, pledge or other disposition shall be without
effect, except that the Administrator may treat such act as an election to
withdraw funds from an Offer Period in accordance with Section 10.

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          16.  Use of Funds.  All payroll deductions received or held by the
               ------------
Company under the Plan may be used by the Company for any corporate purpose, and
the Company shall not be obligated to segregate such payroll deductions.

          17.  Reports.  Individual accounts will be maintained for each
               -------
Participant in the Plan.  Statements of account will be given to Participants at
least annually, which statements will set forth the amounts of payroll
deductions, the Purchase Price, the number of shares purchased and the remaining
cash balance, if any.

          18.  Adjustments Upon Changes in Capitalization; Corporate
               -----------------------------------------------------
Transactions.
------------

          (a)  Adjustments Upon Changes in Capitalization.  Subject to any
               ------------------------------------------
required action by the stockholders of the Company, the Reserves, the Purchase
Price, the maximum number of shares that may be purchased in any Offer Period or
Purchase Period, as well as any other terms that the Administrator determines
require adjustment shall be proportionately adjusted for (i) any increase or
decrease in the number of issued shares of Common Stock resulting from a stock
split, reverse stock split, stock dividend, combination or reclassification of
the Common Stock, (ii) any other increase or decrease in the number of issued
shares of Common Stock effected without receipt of consideration by the Company,
or (iii) as the Administrator may determine in its discretion, any other
transaction with respect to Common Stock to which Section 424(a) of the Code
applies; provided, however that conversion of any convertible securities of the
Company shall not be deemed to have been "effected without receipt of
consideration."  Such adjustment shall be made by the Administrator and its
determination shall be final, binding and conclusive.  Except as the
Administrator determines, no issuance by the Company of shares of stock of any
class, or securities convertible into shares of stock of any class, shall
affect, and no adjustment by reason hereof shall be made with respect to, the
Reserves and the Purchase Price.

          (b)  Corporate Transactions.  In the event of a proposed Corporate
               ----------------------
Transaction, each option under the Plan shall be assumed by such successor
corporation or a parent or subsidiary of such successor corporation, unless the
Administrator determines, in the exercise of its sole discretion and in lieu of
such assumption, to shorten the Offer Period then in progress by setting a new
Exercise Date (the "New Exercise Date").  If the Administrator shortens the
Offer Period then in progress in lieu of assumption in the event of a Corporate
Transaction, the Administrator shall notify each Participant in writing, at
least ten (10) days prior to the New Exercise Date, that the Exercise Date for
the Participant's option has been changed to the New Exercise Date and that the
Participant's option will be exercised automatically on the New Exercise Date,
unless prior to such date the Participant has withdrawn from the Offer Period as
provided in Section 10.  For purposes of this Subsection, an option granted
under the Plan shall be deemed to be assumed if, in connection with the
Corporate Transaction, the option is replaced with a comparable option with
respect to shares of capital stock of the successor corporation or Parent
thereof.  The determination of option comparability shall be made by the
Administrator prior to the Corporate Transaction and its determination shall be
final, binding and conclusive on all persons.

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          19.  Amendment or Termination.
               ------------------------

          (a)  The Administrator may at any time and for any reason terminate or
amend the Plan.  Except as provided in Section 18, no such termination can
affect options previously granted, provided that the Plan or any one or more
Offer Periods may be terminated by the Administrator on any Exercise Date or by
the Administrator establishing a new Exercise Date with respect to any Offer
Period and/or any Purchase Period then in progress if the Administrator
determines that the termination of the Plan or such one or more Offer Periods is
in the best interests of the Company and its stockholders.  Except as provided
in Section 18 and this Section 19, no amendment may make any change in any
option theretofore granted which adversely affects the rights of any Participant
without the consent of affected Participants.  To the extent necessary to comply
with Section 423 of the Code (or any successor rule or provision or any other
Applicable Law), the Company shall obtain stockholder approval in such a manner
and to such a degree as required.

          (b)  Without stockholder consent and without regard to whether any
Participant rights may be considered to have been "adversely affected," the
Administrator shall be entitled to limit the frequency and/or number of changes
in the amount withheld during Offer Periods, change the length of Purchase
Periods within any Offer Period, determine the length of any future Offer
Period, determine whether future Offer Periods shall be consecutive or
overlapping, establish the exchange ratio applicable to amounts withheld in a
currency other than U.S. dollars, establish additional terms, conditions, rules
or procedures to accommodate the rules or laws of applicable foreign
jurisdictions, permit payroll withholding in excess of the amount designated by
a Participant in order to adjust for delays or mistakes in the Company's
processing of properly completed withholding elections, establish reasonable
waiting and adjustment periods and/or accounting and crediting procedures to
ensure that amounts applied toward the purchase of Common Stock for each
Participant properly correspond with amounts withheld from the Participant's
Compensation, and establish such other limitations or procedures as the
Administrator determines in its sole discretion advisable and which are
consistent with the Plan.

          20.  Notices.  All notices or other communications by a Participant to
               -------
the Company under or in connection with the Plan shall be deemed to have been
duly given when received in the form specified by the Administrator at the
location, or by the person, designated by the Administrator for the receipt
thereof.

          21.  Conditions Upon Issuance of Shares.  Shares shall not be issued
               ----------------------------------
with respect to an option unless the exercise of such option and the issuance
and delivery of such shares pursuant thereto shall comply with all Applicable
Laws and shall be further subject to the approval of counsel for the Company
with respect to such compliance.  As a condition to the exercise of an option,
the Company may require the Participant to represent and warrant at the time of
any such exercise that the shares are being purchased only for investment and
without any present intention to sell or distribute such shares if, in the
opinion of counsel for the Company, such a representation is required by any of
the aforementioned Applicable Laws.  In addition, no options shall be exercised
or shares issued hereunder before the Plan shall have been approved by
stockholders of the Company as provided in Section 23.

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          22.  Term of Plan.  The Plan shall become effective upon the earlier
               ------------
to occur of its adoption by the Board or its approval by the stockholders of the
Company.  It shall continue in effect for a term of twenty (20) years unless
sooner terminated under Section 19.

          23.  Stockholder Approval.  Continuance of the Plan shall be subject
               --------------------
to approval by the stockholders of the Company within twelve (12) months before
or after the date the Plan is adopted.  Such stockholder approval shall be
obtained in the degree and manner required under Applicable Laws.

          24.  No Employment Rights.  The Plan does not, directly or indirectly,
               --------------------
create any right for the benefit of any employee or class of employees to
purchase any shares under the Plan, or create in any employee or class of
employees any right with respect to continuation of employment by the Company or
a Designated Parent or Subsidiary, and it shall not be deemed to interfere in
any way with such employer's right to terminate, or otherwise modify, an
employee's employment at any time.

          25.  No Effect on Retirement and Other Benefit Plans.  Except as
               -----------------------------------------------
specifically provided in a retirement or other benefit plan of the Company or a
Designated Parent or Subsidiary, participation in the Plan shall not be deemed
compensation for purposes of computing benefits or contributions under any
retirement plan of the Company or a Designated Parent or Subsidiary, and shall
not affect any benefits under any other benefit plan of any kind or any benefit
plan subsequently instituted under which the availability or amount of benefits
is related to level of compensation.  The Plan is not a "Retirement Plan" or
"Welfare Plan" under the Employee Retirement Income Security Act of 1974, as
amended.

          26.  Effect of Plan.  The provisions of the Plan shall, in accordance
               --------------
with its terms, be binding upon, and inure to the benefit of, all successors of
each Participant, including, without limitation, such Participant's estate and
the executors, administrators or trustees thereof, heirs and legatees, and any
receiver, trustee in bankruptcy or representative of creditors of such
Participant.

          27.  Governing Law.  The Plan is to be construed in accordance with
               -------------
and governed by the internal laws of the State of California (as permitted by
Section 1646.5 of the California Civil Code, or any similar successor provision)
without giving effect to any choice of law rule that would cause the application
of the laws of any jurisdiction other than the internal laws of the State of
California to the rights and duties of the parties, except to the extent the
internal laws of the State of California are superseded by the laws of the
United States.  Should any provision of the Plan be determined by a court of law
to be illegal or unenforceable, the other provisions shall nevertheless remain
effective and shall remain enforceable.

          28.  Dispute Resolution.  The provisions of this Section 28 (and as
               ------------------
restated in the Subscription Agreement) shall be the exclusive means of
resolving disputes arising out of or relating to the Plan.  The Company and the
Participant, or their respective successors (the "parties"), shall attempt in
good faith to resolve any disputes arising out of or relating to the Plan by
negotiation between individuals who have authority to settle the controversy.
Negotiations shall be commenced by either party by notice of a written statement
of the party's position and

                                       11
<PAGE>

the name and title of the individual who will represent the party. Within thirty
(30) days of the written notification, the parties shall meet at a mutually
acceptable time and place, and thereafter as often as they reasonably deem
necessary, to resolve the dispute. If the dispute has not been resolved by
negotiation, the parties agree that any suit, action, or proceeding arising out
of or relating to the Plan shall be brought in the United States District Court
for the Northern District of California (or should such court lack jurisdiction
to hear such action, suit or proceeding, in a California state court in the
County of San Francisco) and that the parties shall submit to the jurisdiction
of such court. The parties irrevocably waive, to the fullest extent permitted by
law, any objection the party may have to the laying of venue for any such suit,
action or proceeding brought in such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY
RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION OR
PROCEEDING. If any one or more provisions of this Section 28 shall for any
reason be held invalid or unenforceable, it is the specific intent of the
parties that such provisions shall be modified to the minimum extent necessary
to make it or its application valid and enforceable.

                                       12
<PAGE>

                                   Exhibit A

           Pac-West Telecomm, Inc. 2000 Employee Stock Purchase Plan
                            SUBSCRIPTION AGREEMENT

                 Effective with the Offer Period beginning on:
     [_] ESPP Effective Date  [_] January 1, 200__  or  [_] July 1, 200__

1.  Personal Information (modify data requested as appropriate)

<TABLE>
<S>                                                                                   <C>                    <C>
    Legal Name (Please Print)____________________________________________________     __________________     _________________
                                (Last)         (First)         (MI)                   Location               Department

    Street Address_______________________________________________________________     ________________________________________
                                                                                      Daytime Telephone

    City, State/Country, Zip_____________________________________________________     ________________________________________
                                                                                      E-Mail Address

    Social Security No. __ __ __ -- __ __ -- __ __ __ __   Employee I.D. No. ___________  ____________________________________
                                                                                           Manager               Mgr. Location
</TABLE>

2.  Eligibility   Any Employee whose customary employment is more than 20 hours
    per week and more than 5 months per calendar year, who has been an Employee
    for more than 30 days and who does not hold (directly or indirectly) five
    percent (5%) or more of the combined voting power of the Company, a parent
    or a subsidiary, whether in stock or options to acquire stock is eligible to
    participate in the Pac-West Telecomm, Inc. 2000 Employee Stock Purchase Plan
    (the "ESPP"); provided, however, that Employees who are subject to the rules
    or laws of a foreign jurisdiction that prohibit or make impractical the
    participation of such Employees in the ESPP are not eligible to participate.
3.  Definitions   Each capitalized term in this Subscription Agreement shall
    have the meaning set forth in the ESPP.
4.  Subscription   I hereby elect to participate in the ESPP and subscribe to
    purchase shares of the Company's Common Stock in accordance with this
    Subscription Agreement and the ESPP. I have received a complete copy of the
    ESPP and a prospectus describing the ESPP and understand that my
    participation in the ESPP is in all respects subject to the terms of the
    ESPP. The effectiveness of this Subscription Agreement is dependent on my
    eligibility to participate in the ESPP.
5.  Payroll Deduction Authorization   I hereby authorize payroll deductions from
    my Compensation during the Authorization Offer Period in the percentage
    specified below (payroll reductions may not exceed 10% of Compensation nor
    $21,250 per calendar year):

<TABLE>
    ---------------------------------------------------------------------------------
    <S>                                     <C>
    Percentage to be Deducted (circle one)  1%  2%  3%  4%  5%  6%  7%  8%  9%  10%
    ---------------------------------------------------------------------------------
</TABLE>

6.  ESPP Accounts and Purchase Price   I understand that all payroll deductions
    will be credited to my account Price under the ESPP. No additional payments
    may be made to my account. No interest will be credited on funds held in the
    account at any time including any refund of the account caused by withdrawal
    from the ESPP. All payroll deductions shall be accumulated for the purchase
    of Company Common Stock at the applicable Purchase Price determined in
    accordance with the ESPP.
7.  Withdrawal and Changes in Payroll Deduction   I understand that I may
    discontinue my participation in the ESPP at any time prior to an Exercise
    Date as provided in Section 10 of the ESPP, but if I do not withdraw from
    the ESPP, any accumulated payroll deductions will be applied automatically
    to purchase Company Common Stock. I may increase or decrease the rate of my
    payroll deductions in whole percentage increments to not less than one
    percent (1%) on <one> occasion(s) during any Purchase Period by completing
    and timely filing a Change of Status Notice. Any increase or decrease will
    be effective for the full payroll period occurring after ten (10) business
    days from the Company's receipt of the Change of Status Notice.
8.  Perpetual Subscription   I understand that this Subscription Agreement shall
    remain in effect for successive Offer Periods until I withdraw from
    participation in the ESPP, or termination of the ESPP.
9.  Taxes   I have reviewed the ESPP prospectus discussion of the federal tax
    consequences of participation in the ESPP and consulted with tax consultants
    as I deemed advisable prior to my participation in the ESPP. I hereby agree
    to notify
<PAGE>

    the Company in writing within thirty (30) days of any disposition (transfer
    or sale) of any shares purchased under the ESPP if such disposition occurs
    within two (2) years of the Enrollment Date (the first day of the Offer
    Period during which the shares were purchased) or within one (1) year of the
    Exercise Date (the date I purchased such shares), and I will make adequate
    provision to the Company for foreign, federal, state or other tax
    withholding obligations, if any, which arise upon the disposition of the
    shares. In addition, the Company may withhold from my Compensation any
    amount necessary to meet applicable tax withholding obligations incident to
    my participation in the ESPP, including any withholding necessary to make
    available to the Company any tax deductions or benefits contingent on such
    withholding.
10. Dispute Resolution   The provisions of this Section 10 and Section 28 of the
    ESPP shall be the exclusive means of resolving disputes arising out of or
    relating to the Plan. The Company and I, or our respective successors (the
    "parties"), shall attempt in good faith to resolve any disputes arising out
    of or relating to the Plan by negotiation between individuals who have
    authority to settle the controversy. Negotiations shall be commenced by
    either party by notice of a written statement of the party's position and
    the name and title of the individual who will represent the party. Within
    thirty (30) days of the written notification, the parties shall meet at a
    mutually acceptable time and place, and thereafter as often as they
    reasonably deem necessary, to resolve the dispute. If the dispute has not
    been resolved by negotiation, the Company and I agree that any suit, action,
    or proceeding arising out of or relating to the Plan shall be brought in the
    United States District Court for the Northern District of California (or
    should such court lack jurisdiction to hear such action, suit or proceeding,
    in a California state court in the County of San Francisco) and that we
    shall submit to the jurisdiction of such court. The Company and I
    irrevocably waive, to the fullest extent permitted by law, any objection we
    may have to the laying of venue for any such suit, action or proceeding
    brought in such court. THE COMPANY AND I ALSO EXPRESSLY WAIVE ANY RIGHT WE
    HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION OR PROCEEDING. If
    any one or more provisions of this Section 10 or Section 28 of the ESPP
    shall for any reason be held invalid or unenforceable, it is the specific
    intent of the Company and I that such provisions shall be modified to the
    minimum extent necessary to make it or its application valid and
    enforceable.
11. Designation of Beneficiary   In the event of my death, I hereby designate
    the following person or trust as my beneficiary to receive all payments and
    shares due to me under the ESPP: [_] I am single     [_] I am married

<TABLE>
    <S>                                                                              <C>
    Beneficiary (please print) ___________________________________________________   Relationship to Beneficiary (if any)
                                 (Last)         (First)         (MI)

    Street Address _______________________________________________________________   ____________________________________

    City, State/Country, Zip _____________________________________________________
</TABLE>

12. Termination of ESPP   I understand that the Company has the right,
    exercisable in its sole discretion, to amend or terminate the ESPP at any
    time, and a termination may be effective as early as an Exercise Date,
    including the establishment of an alternative date for an Exercise Date
    within each outstanding Offer Period.

<TABLE>
    <S>                                      <C>
    Date: __________________________         Employee Signature:  _______________________________________________________

                                             ____________________________________________________________________________
                                             spouse's signature (if beneficiary is other than spouse)
</TABLE>
<PAGE>

                                   Exhibit B

                       Pac-West Telecomm, Inc. 2000 Employee Stock Purchase Plan
                                                         CHANGE OF STATUS NOTICE

_______________________________________
Participant Name (Please Print)

_______________________________________
Social Security Number

================================================================================
      Withdrawal From ESPP

      I hereby withdraw from the Pac-West Telecomm, Inc. 2000 Employee Stock
      Purchase Plan (the "ESPP") and agree that my option under the applicable
      Offer Period will be automatically terminated and all accumulated payroll
      deductions credited to my account will be refunded to me or applied to the
      purchase of Common Stock depending on the alternative indicated below. No
      further payroll deductions will be made for the purchase of shares in the
      applicable Offer Period and I shall be eligible to participate in a future
      Offer Period only by timely delivery to the Company of a new Subscription
      Agreement.

 [_]  Withdrawal and Purchase of Common Stock

      Payroll deductions will terminate, but your account balance will be
      applied to purchase Common Stock on the next Exercise Date. Any remaining
      balance will be refunded.

 [_]  Withdrawal Without Purchase of Common Stock

      Entire account balance will be refunded to me and no Common Stock will be
      purchased on the next Exercise Date provided this notice is submitted to
      the Company ten (10) business days prior to the next Exercise Date.

================================================================================
 [_]  Change in Payroll Deduction

      I hereby elect to change my rate of payroll deduction under the ESPP as
      follows (select one):

--------------------------------------------------------------------------------
Percentage to be Deducted (circle one)  1%  2%  3%  4%  5%  6%  7%  8%  9%  10%
--------------------------------------------------------------------------------

      An increase or a decrease in payroll deduction will be effective for the
      first full payroll period commencing no fewer than ten (10) business days
      following the Company's receipt of this notice, unless this change is
      processed more quickly.

================================================================================
<PAGE>

================================================================================
 [_]  Change of Beneficiary       [_]  I am single      [_]  I am married

      This change of beneficiary shall terminate my previous beneficiary
      designation under the ESPP. In the event of my death, I hereby designate
      the following person or trust as my beneficiary to receive all payments
      and shares due to me under the ESPP:

<TABLE>
 <S>                                                                              <C>
 Beneficiary (please print) ___________________________________________________   Relationship to Beneficiary (if any)
                                 (Last)         (First)         (MI)

  Street Address ______________________________________________________________   _____________________________________

  City, State/Country, Zip ____________________________________________________
</TABLE>

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

<TABLE>
    <S>                                      <C>
    Date: __________________________         Employee Signature:  _______________________________________________________

                                             ____________________________________________________________________________
                                             spouse's signature (if new beneficiary is other than spouse)
</TABLE><PAGE>

                                                                [CONFORMED COPY]

                                AMENDMENT NO. 5

          AMENDMENT NO. 5 dated as of August 10, 2000, between POLYMER GROUP,
INC. ("PGI"); each of the other "Borrowers" identified under the caption
"BORROWERS" on the signature pages hereto; each of the Domestic Non-Borrower
Guarantors identified under the caption "DOMESTIC NON-BORROWER GUARANTORS" on
the signature pages hereto; each of the lenders identified under the caption
"LENDERS" on the signature pages hereto (the "Lenders"); and THE CHASE MANHATTAN
BANK, as administrative agent for the Lenders (in such capacity, together with
its successors in such capacity, the "Administrative Agent").

          PGI, the other Borrowers, the Domestic Non-Borrower Guarantors, the
Lenders referred to and the Administrative Agent are parties to a Second
Amended, Restated and Consolidated Credit Agreement dated as of July 3, 1997 (as
heretofore amended, the "Credit Agreement"), providing for the Lenders to extend
credit (by way of revolving credit loans, term loans and letters of credit) to
the Borrowers in U.S. Dollars and in certain Alternative Currencies in an
aggregate amount at any time not exceeding U.S. $600,000,000.  The parties
hereto desire to amend the Credit Agreement to amend the definition of
Applicable Margin, the Leverage Ratio and the Fixed Charges Ratio and to amend
the Credit Agreement in certain other respects.  Accordingly, the parties hereto
hereby agree as follows:

          Section 1.  Definitions.  Capitalized terms used but not otherwise
defined herein have the meanings given them in the Credit Agreement.

          Section 2.  Amendments.  Subject to the conditions specified in
Section 4 hereof, the Credit Agreement shall be amended as follows:

          Section 2.01.  General.  References in the Credit Agreement to "this
Agreement" (and indirect references such as "hereunder", "hereby", "herein" and
"hereof") shall be deemed to be references to the Credit Agreement as amended
hereby.

          Section 2.02.  Definitions. Section 1.01 of the Credit Agreement shall
be amended by adding the following new definitions and inserting the same in the
appropriate alphabetical locations, as follows:

          "Amendment No. 5 Effective Date" shall mean the date on which
     Amendment No. 5 shall have been executed and delivered by all parties
     thereto and all other conditions to the effectiveness of such amendment
     shall have been satisfied.

          "Leverage Ratio" shall mean, as at any date, the ratio of Indebtedness
     of PGI and its Restricted Subsidiaries (determined on a consolidated basis
     without duplication in accordance with GAAP, provided, however, that the
     aggregate outstanding face or principal amount of all Transferred Assets in
     connection with any Permitted Receivables Financing shall be deemed for
     purposes of this definition to be Indebtedness of PGI and

                                Amendment No. 5
                                ---------------

<PAGE>

                                      -2-

     its Restricted Subsidiaries) on such date to EBITDA for the period of four
     fiscal quarters ending on or most recently ended prior to such date.

          "Permitted Receivables Financing" shall mean any transaction involving
     one or more sales or other conveyances by PGI and/or any Restricted
     Subsidiary of any accounts receivable (together with certain related
     property relating thereto and the right to collections thereon, the
     "Transferred Assets") to a Subsidiary or Affiliate of PGI or a Restricted
     Subsidiary (with respect to any such transaction a "Receivables Financing
     SPC"), which Receivables Financing SPC either (x) sells (as determined in
     accordance with GAAP) such Transferred Assets (or undivided interests
     therein) to any Person that is not a Subsidiary or Affiliate of PGI or a
     Restricted Subsidiary (with respect to any such transaction, a "Receivables
     Financier"), (y) borrows from such Receivables Financier and secures such
     borrowings by a pledge of such Transferred Assets and/or (z) otherwise
     finances its acquisition of such Transferred Assets, and, in connection
     therewith, conveys an interest in such Transferred Assets to the
     Receivables Financier, provided that (i) no such transaction shall involve
     any recourse to PGI or any Restricted Subsidiary (other than the
     Receivables Financing SPC) for any reason other than (A) repurchases of
     non-eligible receivables, (B) indemnifications for losses, other than
     credit losses related to the receivables transferred in such financing, and
     (C) payment of costs, fees, expenses and indemnities relating to such
     receivables financing, (ii) no such transaction shall include any Guarantee
     by PGI or any Restricted Subsidiary, it being understood that payment by
     PGI or any Restricted Subsidiary of any amount of the type described in the
     immediately preceding clause (i) which is owing by it to the Receivables
     Financing SPC shall not be deemed to be a Guarantee and (iii) the
     Administrative Agent shall be reasonably satisfied that the structure of
     and the terms of any such transaction, including any applicable discount at
     which receivables are sold to the Receivables Financier and any termination
     events, shall be (in the good faith understanding of the Administrative
     Agent) consistent with those prevailing in the market for similar
     transactions or shall otherwise be reasonably acceptable to the
     Administrative Agent.

          "Redemption Payment" shall mean, collectively, (i) any payment or
     other distribution on account of the purchase, redemption, retirement or
     other acquisition of any shares of any class of stock of PGI and its
     Restricted Subsidiaries and (ii) any purchase, redemption, retirement or
     other acquisition for value of, or the setting apart of any money for a
     sinking, defeasance or other analogous fund for the purchase, redemption,
     retirement or other acquisition of, or the voluntary payment or prepayment
     of the principal of or interest on, or any other amount owing in respect
     of, any Subordinated Indebtedness, but excluding (x) the refinancing of the
     Senior Subordinated Notes to the extent permitted by Section 9.07(h) hereof
     and (y) regularly scheduled payments or prepayments of principal and
     interest in respect thereof required pursuant to the Senior Subordinated
     Debt Documents, the Future Refinancing Debt Documents or the Subordinated
     Acquisition Debt Documents, as the case may be.

          "Senior Indebtedness" shall mean all Indebtedness of PGI and its
     Restricted Subsidiaries (determined on a consolidated basis without
     duplication in accordance with GAAP, provided, however, that the aggregate
     outstanding face or principal amount of all Transferred Assets in
     connection with any Permitted Receivables Financing shall be

                                Amendment No. 5
                                ---------------
<PAGE>

                                      -3-

     deemed for purposes of this definition to be Indebtedness of PGI and its
     Restricted Subsidiaries), other than Subordinated Indebtedness.

          Section 2.03.  Revisions to Existing Definition.
                         --------------------------------

          (a) The definition of "Applicable Margin" in Section 1.01 of the
Credit Agreement shall be amended by deleting the first sentence (including the
grid) in its entirety and replacing it with the following:

          "Applicable Margin" shall mean with respect to Eurocurrency Revolving
     Credit Loans, Base Rate Revolving Credit Loans, Canadian Base Rate Loans,
     letter of credit fees (as such term is used in Section 2.03(g) hereof),
     commitment fees (as such term is used in Section 2.05 hereof), Eurocurrency
     Term B Loans, Base Rate Term B Loans, Eurocurrency Term B-1 Loans, Base
     Rate Term B-1 Loans, Eurocurrency Term C Loans and Base Rate Term C Loans
     during any Accrual Period (as defined below), the respective rates set
     forth below for such Loans of such Class and Type and such fees for such
     Accrual Period, which rates shall be based upon the Leverage Ratio for such
     Accrual Period:

<TABLE>
<CAPTION>
                              Base Rate
                              Revolving
                               Credit
                              Loans and                              Eurocurrency     Base Rate
              Eurocurrency    Canadian      Letter                    Term B and      Term B and                  Base Rate
Leverage       Revolving      Base Rate       Of        Commitment     Term B-1        Term B-1    Eurocurrency     Term C
 Ratio        Credit Loans      Loans     Credit Fees      Fees          Loans           Loans     Term C Loans      Loans
----------------------------------------------------------------------------------------------------------------------------
<S>          <C>             <C>          <C>          <C>           <C>             <C>          <C>             <C>
Greater
 than or
Equal to
 5.50           3.00%          2.00%         3.00%         0.50%           3.50%        2.50%           3.75%        2.75%
----------------------------------------------------------------------------------------------------------------------------

Less than
 5.50           2.75%          1.75%         2.75%         0.50%           3.25%        2.25%           3.50%        2.50%
----------------------------------------------------------------------------------------------------------------------------
</TABLE>

          (b) The definition of "Applicable Margin" shall be further amended by
deleting the last paragraph in its entirety and replacing it with the following:

          "Anything in this Agreement to the contrary notwithstanding, the
     Applicable Margin shall be the highest applicable rate provided for above
     (i.e., 3.00% for Eurocurrency Revolving Credit Loans, 2.00% for Base Rate
     Revolving Credit Loans and Canadian Base Rate Loans, 3.00% for letter of
     credit fees, 0.50% for commitment fees, 3.50% for Eurocurrency Term B Loans
     and Eurocurrency Term B-1 Loans, 2.50% for Base Rate Term B Loans and Base
     Rate Term B-1 Loans, 3.75% for Eurocurrency Term C Loans and 2.75% for Base
     Rate Term C Loans) (i) during any period when an Event of Default shall
     have occurred and be continuing or (ii) if the Obligors shall default in
     the delivery of any financial statements pursuant to Section 9.01(a) or
     9.01(b) hereof, or in the delivery of the certificate of a senior financial
     officer pursuant to Section 9.05(d)(iv)(z)."

                                Amendment No. 5
                                ---------------
<PAGE>

                                      -4-

          Section 2.04. Changes of Commitments.  Section 2.04(a) of the Credit
shall be amended to read in its entirety as follows:

          "(a) The aggregate amount of the Facility A and Facility B Revolving
     Credit Commitments shall be automatically reduced to zero on the Revolving
     Credit Termination Date. The Term B Loan Commitments shall be automatically
     terminated on the earlier of (i) the Term B Loan Closing Date (following
     the making of the loans under Section 2.01(c) hereof to be made on such
     Date) and (ii) the Term B Loan Commitment Termination Date. The Term B-1
     Loan Commitments shall be automatically terminated on the Term B-1 Loan
     Closing Date (following the making of the loans under Section 2.01(d)
     hereof to be made on such Date). The Term C Loan Commitments shall be
     automatically terminated on the Term C Loan Closing Date (following the
     making of the loans under Section 2.01(e) hereof to be made on such Date)
     or, if the Term C Loan Closing Date does not occur prior to the Term C Loan
     Commitment Termination Date, on the Term C Loan Commitment Termination
     Date.

          The aggregate amount of the Facility A Revolving Credit Commitments
     shall be automatically reduced on each Reduction Date set forth below by
     the amount set forth opposite the Reduction Date set forth below (or such
     lesser amount as will bring the Facility A Revolving Credit Commitments to
     zero):

<TABLE>
<CAPTION>
                                                      Amount of
                                              Facility A Revolving Credit
               Reduction Date                    Commitment Reduction
               --------------                 ---------------------------
<S>                                           <C>
              December 20, 2001                    U.S. $25,000,000
              June 20, 2002                        U.S. $25,000,000
              December 20, 2002                    U.S. $25,000,000
</TABLE>

    Upon any such reduction, PGI shall make any necessary prepayments in order
    that the aggregate outstanding principal amount of the Facility A Revolving
    Credit Loans shall not exceed the then-outstanding amount of the Facility A
    Revolving Credit Commitments, such prepayments to be applied first to
    Facility A Revolving Credit Loans denominated in U.S. Dollars, and second to
    Facility A Revolving Credit Loans denominated in Dutch Guilders."

          Section 2.05. Prohibition of Fundamental Changes.  Section 9.05 of the
Credit Agreement shall be amended by deleting the word "and" at the end of
paragraph (d)(iii) thereof, adding the word "and" to the end of paragraph
(d)(iv)(z) thereof and amending preamble to paragraph (iv) thereof to read in
its entirety as follows:

          "(iv)  at any time on and after the last day of the first fiscal
    quarter of 2002, PGI or any of its Restricted Subsidiaries may make any
    Acquisition, so long as"

                                Amendment No. 5
                                ---------------
<PAGE>

                                      -5-

          Section 2.06. Prohibition of Fundamental Changes.  Section 9.05(d) of
the Credit Agreement shall be amended by adding the following paragraphs (v)
and (vi) thereof to read in their entirety as follows:

          "(v)  at any time during the period from and after the Amendment No. 5
    Effective Date to but excluding the last day of the first fiscal quarter of
    2002, PGI or any of its Restricted Subsidiaries may any Acquisition so long
    as the aggregate amount of consideration paid in respect of all such
    Acquisitions does not exceed $10,000,000; and

          (vi) nothing in this Section 9.05 shall prohibit the transfer, sale or
    other conveyance of accounts receivable and related property by PGI or any
    of its Restricted Subsidiaries pursuant to a Permitted Receivables
    Financing, provided that the aggregate consideration received by a
    Receivables Financing SPC (as such term is defined in the definition of
    Permitted Receivables Financing in Section 1.01 hereof) in respect of all
    such Permitted Receivables Financings shall not exceed $100,000,000,
    provided further that all such consideration shall, upon receipt, be applied
    towards the prepayment of the Term C Loans, Term B-1 Loans, Term B Loans and
    Revolving Credit Loans (and Letter of Credit Liabilities) and the reduction
    of the Revolving Credit Commitments pro rata in accordance with the
    respective then outstanding aggregate principal amounts of Term C Loans,
    Term B-1 Loans, Term B Loans and Revolving Credit Commitments in the manner
    specified in Section 2.10(e) hereof."

          Section 2.07. Limitation on Liens.  Section 9.06 of the Credit
Agreement shall be amended by deleting the word "and" at the end of paragraph
(j) thereof, adding the word "and" to the end of paragraph (k) thereof and
adding the following new paragraph (l) to read in its entirety as follows:

          "(l) Liens created or granted in favor of a Receivables Financing SPC
    or Receivables Financier (as such terms are defined in the definition of
    Permitted Receivables Financing in Section 1.01 hereof) in connection with a
    Permitted Receivables Financing permitted by Section 9.05(d)(vi) hereof but
    only to the extent that any such Lien relates to the applicable receivables
    and related property (or undivided interests therein) actually sold,
    contributed, financed or otherwise conveyed or pledged pursuant to such
    financing."

          Section 2.08.   Restricted Payments.  Section 9.09 of the Credit
Agreement shall be amended by deleting the final paragraph thereof and replacing
it in its entirety with the following:

          "Notwithstanding the foregoing, (a) PGI may make cash payments to
    officers and employees in respect of shares of stock (or options therefor)
    granted to such officers and employees upon the termination of employment of
    such officer or employee (so long as the aggregate amount thereof paid in
    any single fiscal year shall not exceed U.S. $750,000) (and such cash
    payments shall not be included in determining the amount of Restricted
    Payments permitted above) and (b) no Obligor will, nor will it permit any of
    its Restricted Subsidiaries to make any Redemption Payment at any time
    during the period

                                Amendment No. 5
                                ---------------
<PAGE>

                                      -6-

     from and after the Amendment No. 5 Effective Date to but excluding the last
     day of the first fiscal quarter of 2002."

          Section 2.09.   Leverage Ratio.  Section 9.10(a) of the Credit
Agreement shall be amended to read in its entirety as follows:

          "(a)  Leverage Ratio.  PGI will not permit the Leverage Ratio to
     exceed the following respective ratios at the end of any fiscal quarter
     which falls within the following respective periods:

<TABLE>
<CAPTION>
                 Period                                           Ratio
                 ------                                           -----
<S>                                                              <C>

             From the Amendment No. 5 Effective Date
              through but excluding the last day
              of the fourth fiscal quarter in 2000               6.80 to 1

             From the last day of the fourth fiscal
              quarter in 2000 through but excluding the
              last day of the first fiscal quarter in 2001       6.85 to 1

             From the last day of the first fiscal
              quarter in 2001 through but excluding the
              last day of the second fiscal quarter in 2001      6.75 to 1

             From the last day of the second fiscal
              quarter in 2001 through but excluding the
              last day of the third fiscal quarter in 2001       6.25 to 1

             From the last day of the third fiscal
              quarter in 2001 through but excluding the
              last day of the fourth fiscal quarter in 2001      5.50 to 1

             From the last day of the fourth fiscal
              quarter in 2001 through but excluding the last
              day of the first fiscal quarter in 2002            5.00 to 1

             From the last day of the first fiscal
              quarter in 2002 through but excluding the last
              day of the first fiscal quarter in 2003            4.50 to 1

             From the last day of the first fiscal
              quarter in 2003 and at all times thereafter        4.25 to 1"
</TABLE>

                                Amendment No. 5
                                ---------------

<PAGE>

                                      -7-

          Section 2.10.  Fixed Charges Ratio.  Section 9.10(c) of the Credit
Agreement shall be amended to read in its entirety as follows:

          "(c)  Fixed Charges Ratio.  PGI will not permit the Fixed Charges
     Ratio to be less than the following respective ratios at the end of any
     fiscal quarter which falls within the following respective periods:

<TABLE>
<CAPTION>
             Period                                                Ratio
             ------                                                -----

<S>                                                           <C>
             From the Amendment No. 5 Effective Date
              through but excluding the last day
               of the fourth fiscal quarter in 2000              1.10 to 1

             From the last day of the fourth fiscal
              quarter in 2000 through but excluding the
               last day of the first fiscal quarter in 2001      1.00 to 1

             From the last day of the first fiscal
              quarter in 2001 through but excluding the
               last day of the second fiscal quarter in 2001     0.55 to 1

             From the last day of the second fiscal
              quarter in 2001 through but excluding the
               last day of the third fiscal quarter in 2001      0.75 to 1

             From the last day of the third fiscal
              quarter in 2001 through but excluding the
               last day of the fourth fiscal quarter in 2001     1.10 to 1

             From the last day of the fourth fiscal
               quarter in 2001 through but excluding the last    1.30 to 1
                day of the first fiscal quarter in 2002

             From the last day of the first fiscal
               quarter in 2002 and at all times thereafter       1.40 to 1"

</TABLE>
          Section 2.11.  Capital Expenditures.  Section 9 of the of the Credit
Agreement shall be amended by adding the following Section 9.20 thereto to read
in its entirety as follows:

          "9.20  Capital Expenditures.  Notwithstanding anything to the contrary
    herein contained, PGI  shall not permit the aggregate amount of Capital
    Expenditures made by PGI and its Restricted Subsidiaries to exceed
    $120,000,000 in fiscal year 2000 or $80,000,000 in fiscal year 2001.  Within
    30 days from the end of fiscal year 2000 and fiscal year 2001, PGI shall
    furnish to the Administrative Agent a certificate of a senior

                                Amendment No. 5
                                ---------------

<PAGE>

                                     -8-

    financial officer of PGI setting forth in reasonable detail the aggregate
    amount of Capital Expenditures spent by PGI and its Restricted Subsidiaries
    during the such respective fiscal year."

          Section 3.  Representations and Warranties.  Each Obligor represents
and warrants to the Lenders and the Administrative Agent that the
representations and warranties set forth in Section 8 of the Credit Agreement as
amended hereby are true and complete on the date hereof as if made on and as of
the date hereof and as if each reference in said Section 8 to "this Agreement"
include reference to this Amendment No. 5 and to the Credit Agreement as amended
hereby.

          Section 4.  Conditions.  This Amendment shall become effective as of
August 10, 2000 (the "Effective Date") upon the satisfaction prior to such date
of each of the following conditions precedent to effectiveness (each document
referred to below to be in form and substance satisfactory to the Administrative
Agent):

          Section 4.01  Execution.  This Amendment No. 5 shall have been
     executed and delivered by each Obligor, by Lenders constituting the
     Majority Lenders under the Credit Agreement and by the Administrative
     Agent.

          Section 4.02  Corporate Documents.  The Administrative Agent shall
     have received certified copies of the charter and by-laws (or equivalent
     documents) of each Group Member (or a certification by PGI that said
     documents have not been modified or amended since April 18, 2000) and of
     all documents evidencing corporate authority for each Group Member
     (including, without limitation, resolutions of their respective Boards of
     Directors and evidence of the incumbency of officers) with respect to the
     execution, delivery and performance of this Amendment and the Credit
     Agreement as amended hereby.

          Section 4.03  Opinion of Counsel to the Group Members.  The
     Administrative Agent shall have received an opinion, dated the Effective
     Date, of Kirkland & Ellis, special New York counsel to the Group Members,
     covering such matters relating hereto as the Administrative Agent may
     require (and each Obligor hereby instructs such counsel to deliver such
     opinion to the Lenders and to the Administrative Agent).

          Section 4.04.  Fees and Expenses.  The Administrative Agent shall have
     received all fees and other amounts due and payable on or prior to the
     Effective Date, including (i) such amendment, upfront and other fees as
     have been agreed to be paid in connection with the amendment of the Credit
     Agreement as contemplated hereby and (ii) to the extent invoiced,
     reimbursement or payment of all reasonable out-of-pocket expenses incurred
     by the Administrative Agent in connection with this Amendment No. 5.

          Section 6.  Information Updates.  PGI affirms its intention that,
during the period commencing on the date that this Amendment No. 5 shall become
effective to but excluding the last day of the first fiscal quarter of 2002, it
shall, at the request of the Administrative Agent or the Majority Lenders,
participate in one telephone conference call per fiscal quarter in which it

                                Amendment No. 5
                                ---------------
<PAGE>

                                      -9-

shall provide to the Lenders an overview of, and an opportunity to ask any
questions reasonably related to, its business and operations.

          Section 6.  Miscellaneous.  Except as herein provided, the Credit
Agreement shall remain unchanged and in full force and effect.  This Amendment
No. 5 may be executed in any number of counterparts, all of which taken together
shall constitute one and the same amendatory instrument and any of the parties
hereto may execute this Amendment No. 5 by signing any such counterpart.  This
Amendment No. 5 shall be governed by, and construed in accordance with, the law
of the State of New York.

                                Amendment No. 5
                                ---------------
<PAGE>

                                      -10-

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 5 to
be duly executed and delivered as of the day and year first above written.

                                 THE BORROWERS
                                 -------------

POLYMER GROUP, INC.                     PGI NONWOVENS B.V.

By: /s/ Jerry Zucker                    By: /s/ Jerry Zucker
    ---------------------------             ------------------------------
    Title:  President                       Title:  President

CHICOPEE HOLDINGS B.V.                  FABRENE INC.

By: /s/ Jerry Zucker                    By: /s/ Jerry Zucker
    ---------------------------             ------------------------------
    Title: President                        Title: President

                       DOMESTIC NON-BORROWER GUARANTORS
                       --------------------------------

FIBERTECH GROUP, INC.                   CHICOPEE, INC.

By: /s/ Jerry Zucker                    By: /s/ Jerry Zucker
    ---------------------------             ------------------------------
    Title:                                  Title:

PGI POLYMER, INC.                       PGI EUROPE, INC.

By: /s/ Jerry Zucker                    By: /s/ Jerry Zucker
    ---------------------------             ------------------------------
    Title:                                  Title: Chairman, President and CEO

TECHNETICS GROUP, INC.                  FABRENE GROUP, L.L.C.

By: /s/ Jerry Zucker                    By: /s/ Jerry Zucker
    ---------------------------             ------------------------------
    Title:                                  Title:

                                Amendment No. 5
                                ---------------
<PAGE>

                                      -11-

FABRENE CORP.                           FIBERGOL CORPORATION

By: /s/ Jerry Zucker                    By: /s/ Jerry Zucker
    ---------------------------             ------------------------------
    Title:                                  Title:

FABRENE GROUP, INC.                     PNA CORP.

By: /s/ Jerry Zucker                    By: /s/ Jerry Zucker
    ---------------------------             ------------------------------
    Title: President                        Title: President

FNA POLYMER CORP.                       FABPRO ORIENTED POLYMERS, INC.

By: /s/ Jerry Zucker                    By: /s/ Jerry Zucker
    ---------------------------             ------------------------------
    Title: President                        Title: President

                                Amendment No. 5
                                ---------------
<PAGE>

                                      -12

                                    LENDERS
                                    -------

THE CHASE MANHATTAN BANK              THE CHASE MANHATTAN
 as Lender and Administrative Agent    BANK OF CANADA

By: /s/ Peter Dedousis                By: /s/ Christine Chan
    ---------------------------           ------------------------------
    Title: Managing Director

                                      By: /s/ Drew McDonald
                                          ------------------------------

THE BANK OF NOVA SCOTIA               THE BANK OF NOVA SCOTIA,
                                       as Canadian Dollar Lender

By: /s/ William E. Zarrett            By:/s/ Judy McKay
    ---------------------------          ------------------------------
    Title: Managing Director             Title: Director

BHF (USA) CAPITAL CORPORATION         FIRST UNION NATIONAL BANK

By: /s/ Dana L. McDougall             By: /s/ David J.C. Sllander
    ---------------------------           ------------------------------
    Title: Vice President                 Title: Vice President

By: /s/ Aurelio Almonte
    -------------------
    Title: Associate

BALANCED HIGH YIELD FUND I LTD.,      BALANCED HIGH YIELD FUND II LTD.,
 By:  BHF (USA) Capital Corporation    By:  BHF (USA) Capital Corporation,
       acting as Attorney-in-Fact            acting as Attorney-in-Fact

By: /s/ Dana L. McDougall             By: /s/ Dana L. McDougall
    ---------------------------           ------------------------------
    Title: Vice President                 Title: Vice President

By: /s/ Aurelio Almonte               By: /s/ Aurelio Almonte
    ---------------------------           ------------------------------
    Title: Associate                      Title: Associate

                                Amendment No. 5
                                ---------------
<PAGE>

                                     -13-

CIBC INC.                               CREDIT INDUSTRIEL
                                         ET COMMERCIAL

By: /s/ Stephanie E. DeVane             By: /s/ Brian O'Leary
    ---------------------------             ------------------------------
    Title: Executive Director               Title: Vice President

                                        By: /s/ Marcus Edward
                                            ------------------------------
                                            Title: Vice President

WACHOVIA BANK, N.A.                     DG BANK DEUTSCHE
                                         GENOSSENSCHAFTSBANK AG

By: /s/ Donald E. Sellers, Jr.          By: /s/ Sabine Wendt
    ---------------------------             ------------------------------
    Title: Senior Vice President            Title: Vice President

                                        By: /s/ Lynne McCarthy
                                            ------------------------------
                                            Title: Vice President

MERITA BANK PLC.,                       NATIONAL CITY BANK
 NEW YORK BRANCH

By: /s/ Garry Weiss                     By: /s/ John Platek
    ---------------------------             ------------------------------
    Title: Vice President                   Title: Account Officer

By: /s/ Charles J. Lansdown
    ---------------------------
    Title: Senior Vice President

                                  Amendment No. 5
                                  ---------------
<PAGE>

                                     -14-

ERSTE BANK                              THE DAI-ICHI KANGYO
                                         BANK, LIMITED

By: /s/ Arcinee Hovanassian             By: /s/ Naoki Yamamori
    ------------------------------          --------------------------------
    Title: Vice President                   Title: Senior Vice President
                                                   Department Head
By: /s/ John S. Runnion
    -------------------
    Title: First Vice President

BANK ONE, NA (MAIN OFFICE               SEQUILS I, LTD.
CHICAGO)                                 By: TCW Advisors, Inc. as its
f.k.a. The First National Bank of            Collateral Manager
       Chicago

By: /s/ Steven P. Sullivan              By: /s/ Mark L. Gold
    ------------------------------          ------------------------------
    Title: Corporate Banking                Title: Managing Director
           Officer

                                        By: /s/ Jonathan R. Insull
                                            ------------------------------
                                            Title: Senior Vice President

DELANO COMPANY                          CAPTIVA IV FINANCE LTD.
 By: Pacific Investment Management       as advised by Pacific Investment
     Company as its investment           Management Company
     advisor

By: /s/ Mohan V. Phansalkar             By: /s/ John H. Cullinane
    ------------------------------          --------------------------------
    Title: Senior Vice President            Title: Director

                                Amendment No. 5
                                ---------------
<PAGE>

                                     -15-

ARCHIMEDES FUNDING II, LTD.             ING HIGH INCOME PRINCIPAL
By: ING Capital Advisors LLC            PRESERVATION FUND HOLDINGS, LDC
    as Collateral Manager               By: ING Capital Advisors LLC,
                                            as Investment Advisor

By: /s/ Richard Barger                  By: /s/ Richard Barger
    ------------------------------          ------------------------------
    Title: Vice President                   Title: Vice President

ARCHIMEDES FUNDING, L.L.C.
By: ING Capital Advisors LLC
    as Collateral Manager

By: /s/ Richard Barger
    ------------------------------
    Title: Vice President

MORGAN STANLEY DEAN WITTER              AVALON CAPITAL LTD.
PRIME INCOME TRUST                      By: INVESCO Senior Secured Management
                                            as Portfolio Advisor

By: /s/ Peter Gewirtz                   By:
    ------------------------------          ------------------------------
    Title: Vice President                   Title:

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

PILGRIM PRIME RATE TRUST                VAN KAMPEN CLO I, LTD.
By: Pilgrim Investments, Inc.           By: Van Kampen Management Inc.
    as its Investment Manager               as Collateral Manager

By:                                     By: /s/ Darvin D. Pierce
    ------------------------------          ------------------------------
    Title:                                  Title: Vice President

                                Amendment No. 5
                                ---------------
<PAGE>

                                      -16

SENIOR DEBT PORTFOLIO                   EATON VANCE  INSTITUTIONAL
By: Boston Management and Research      SENIOR LOAN FUND
    as Investment Advisor               By: Eaton Vance Management,
                                            as Investment Adviser

By: /s/ Payson F. Swaffield             By: /s/ Payson F. Swaffield
    ------------------------------          ------------------------------
    Title: Vice President                   Title: Vice President

EATON VANCE SENIOR INCOME TRUST         SRV - HIGHLAND, INC.
By: Eaton Vance Management,
    as Investment Adviser

By: /s/ Payson F. Swaffield             By: /s/ Ann E. Morris
    ------------------------------          ------------------------------
    Title: Vice President                   Title: Asst. Vice President

SUNTRUST BANK

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

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

ABN AMRO BANK, N.V.                     STAR BANK, N.A.

By: /s/ Thomas M. Toerpe                By:
    ------------------------------          ------------------------------
    Title: Vice President                   Title:

By: /s/ Laurie D. Flom
    ------------------------------
    Title: Group Vice President

                                Amendment No. 5
                                ---------------
<PAGE>

                                     -17-

CYPRESSTREE INVESTMENT FUND,            NORTH AMERICAN SENIOR
FLOATING
LLC                                      RATE FUND

By: Cypress Tree Investment Management  By: Cypress Tree Investment Management
    Company, Inc.,                          Company, Inc.,
    its Managing Member                     as Portfolio Manager

By: /s/ Jeffrey W. Heuer                By: /s/ Jeffrey W. Heuer
    --------------------                    --------------------
    Title: Principal                        Title: Principal

CYPRESSTREE INVESTMENT MANAGEMENT
COMPANY, INC.

As: Attorney-in-Fact and on behalf of
    First Allmerica Financial Life
    Insurance Company as Portfolio
    Manager

By: /s/ Jeffrey W. Heuer
    --------------------
    Title: Principal

CYPRESSTREE INVESTMENT PARTNERS         CYPRESSTREE SENIOR FLOATING
  II LTD.,                               RATE FUND

By: CypressTree Investment Management   By: CypressTree Investment Management
    Company, Inc.,                          Company, Inc.,
    as Portfolio Manager                    as Portfolio Manager

By: /s/ Jeffrey W. Heuer                By: /s/ Jeffrey W. Heuer
    --------------------                    --------------------
    Title: Principal                        Title: Principal

                                Amendment No. 5
                                ---------------
<PAGE>
                                    -18-

KZH CRESCENT LLC                        KZH CRESCENT-2 LLC

By: /s/ Peter Chin                      By: /s/ Peter Chin
    ------------------------------          ------------------------------
    Title: Authorized Agent                 Title: Authorized Agent

KZH CYPRESSTREE-1 LLC                   KZH ING-2 LLC

By: /s/ Peter Chin                      By: /s/ Peter Chin
    ------------------------------          ------------------------------
    Title: Authorized Agent                 Title: Authorized Agent

KZH SHOSHONE LLC                        KZH CRESCENT-3 LLC

By: /s/ Peter Chin                      By: /s/ Peter Chin
    ------------------------------          ------------------------------
    Title: Authorized Agent                 Title: Authorized Agent

BLACK DIAMOND CLO 2000-1 LTD.           STEIN ROE FLOATING RATE
LIMITED LIABILITY COMPANY

By: /s/ John H. Gullinane               By: /s/ James R. Fellows
    ------------------------------          ------------------------------
    Title: Director                         Title: Senior Vice President
                                                   Stein Roe & Farnham
                                                   Incorporated, as Advisor to
                                                   the Stein Roe Floating Rate
                                                   Limited Liability Company

                                Amendment No. 5
                                ---------------

<PAGE>

                                      -19-

OXFORD STRATEGIC INCOME FUND            SIGNATURE 4 LIMITED

By: Eaton Vance Management              By: John Hancock Life Insurance Company
    as Investment Advisor                   as Portfolio Advisor

By: /s/ Payson F. Swaffield             By: /s/ Stephen J. Blewitt
    ------------------------------          ------------------------------
    Title: Vice President                   Title: Managing Director

SEQUILS IV, LTD.                        BANK OF MONTREAL
By: TCW Advisors, Inc. as its
    Collateral Manager

By: /s/ Mark L. Gold                    By: /s/ Eric Scoffield
    ------------------------------          ------------------------------
    Title: Managing Director                Title: Vice President

By: /s/ Jonathan R. Insull
    ------------------------------

ROYALTON COMPANY                        PILGRIM CLO 1999-1 LTD.
By: Pacific Investment Management       By: Pilgrim Investments, Inc.
    Company as its Investment Advisor       as its investment manager

By: /s/ Mohan V. Phansalkar             By: /s/ Charles E. LeMieux
    ------------------------------          ------------------------------
    Title: Senior Vice President            Title: Vice President

                                        MORGAN GUARANTY TRUST
                                        COMPANY OF NEW YORK

                                        By: /s/ Eric Kochanowakl
                                            ------------------------------
                                            Title: Associate

                                Amendment No. 5
                                ---------------
<PAGE>

                                     -20-

ATHENA CDO, LIMITED                     MAPLEWOOD (CAYMAN) LIMITED
By: Pacific Investment Management       By: David L. Babson & Company Inc.
    Company as its Investment Advisor       under delegated authority from
                                            Massachusetts Mutual Life Insurance
                                            Company as Investment Manager

By: /s/ Mohan V. Phansalkar
    ------------------------------
    Title: Senior Vice President
                                        By: /s/ Mary Ann McCarthy
                                            ------------------------------
                                            Title: Managing Director

ARCHIMEDES FUNDING III, LTD.            MASSACHUSETTS MUTUAL LIFE
By: ING Capital Advisors LLC,           INSURANCE COMPANY
    as Collateral Manager               By: David L. Babson & Company Inc.
                                            as Investment Adviser

By: /s/ Richard Barger                  By: /s/ Mary Ann McCarthy
    ------------------------------          ------------------------------
    Title: Vice President                   Title: Managing Director

SWISS LIFE US RAINBOW LIMITED           FLOATING RATE PORTFOLIO

By: ING Capital Advisors LLC            By: INVESCO Senior Secured Management
    as Investment Advisor                   Inc. as attorney in fact

By: /s/ Richard Barger                  By: /s/ Joseph Rotondo
    ------------------------------          ------------------------------
    Title: Vice President                   Title: Authorized Signatory

OAK HILL SECURITIES FUND II, L.P.       CERES II FINANCE LTD.
By: Oak Hill Securities GenPar II, L.P. By: INVESCO Senior Secured Management,
    its General Partner                     Inc. as Sub-Managing Agent
                                            (Financial)

By: Oak Hill Securities MGP II, L.P.
    its General Partner                 By: /s/ Joseph Rotondo
                                            ------------------------------
                                            Title: Authorized Signatory
By: /s/ Scott D. Krase
    ------------------------------
    Title: Vice President

                                Amendment No.5
                                --------------
<PAGE>

                                      -21-

OCTAGON INVESTMENT PARTNERS II, LLC     OCTAGON INVESTMENT PARTNERS III, LTD.
By: Octagon Credit Investors, LLC       By: Octagon Credit Investors, LLC
    As sub-investment manager               as Portfolio Manager

By: /s/ Michael B. Nechamkin            By: /s/ Michael B. Nechamkin
    ------------------------------          ------------------------------
    Title: Portfolio Manager                Title: Portfolio Manager

OPPENHEIMER SENIOR FLOATING RATE
FUND

By: /s/ Robert Bishop
    ------------------------------
    Title Vice President:

HARBOURVIEW CDO II LTD.

By: /s/ Robert Bishop
    ------------------------------
    Title: Vice President

ELF FUNDING TRUST 1
Highland Capital Management, L.P.
As Collateral Manager

HIGHLAND LEGACY LIMITED, L.P.
Highland Capital Management, L.P.
As Collateral Manager

By: /s/ James Donero
    ------------------------------
    Title: President
           Highland Capital Management L.P.

                                Amendment No. 5
                                ---------------

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