Document:

<PAGE>   1

                                                                   Exhibit 4.1.3

                             CERTIFICATE OF DECREASE

                                     OF THE

                            SERIES A PREFERENCE STOCK
                                       OF

                             PICTURETEL CORPORATION

                        Pursuant to Section 151(g) of the

                        Delaware General Corporations Law

         Reference is made to the Certificate Of Designation, Preferences And
Other Rights of the Series A Preference Stock ("THE SERIES A CERTIFICATE OF
DESIGNATION") of PictureTel Corporation, a corporation organized and existing
under the laws of the State of Delaware (the "CORPORATION"), which certificate
was dated February 15, 1999 and was duly filed with the Secretary of State of
the State of Delaware on February 16, 1999.

         PictureTel Corporation hereby certifies that, pursuant to the
Certificate of Incorporation of the Corporation, as amended, and in accordance
with Section 151(g) of the Delaware General Corporations Law, the Board of
Directors of the Corporation on July 11, 2000 duly adopted the following
resolution, which resolution remains in full force and effect as of the date
hereof:

         "RESOLVED, that pursuant to the authority granted to and vested in the
Board of Directors and in accordance with the provisions of the Certificate of
Incorporation, the number of shares of Series A Preference Stock designated in
the Certificate Of Designation, Preferences And Other Rights ("THE SERIES A
CERTIFICATE OF DESIGNATION") of this Corporation is reduced, subject to the
filing of the Certificate of Decrease with the Secretary of State of the State
of Delaware, as set forth below:
1.                Section 1 of the Certificate of Designation is amended by
                  replacing the words "Six Million (6,000,000)" in the second
                  sentence with the words "Four Million Five Hundred Thousand
                  (4,500,000)".

            [The remainder of this page is intentionally left blank.]

<PAGE>   2

         IN WITNESS WHEREOF, the Corporation has caused this Certificate of
Decrease to be executed by a duly authorized officer on July 17, 2000.

                                        PICTURETEL CORPORATION

                                        By:      /s/ Norman E. Gaut
                                                 -------------------------------

                                        Name:    Norman E. Gaut
                                                 -------------------------------

                                        Title:   Chief Executive Officer
                                                 -------------------------------<PAGE>   1

                                                                   Exhibit 4.1.5

Number                                                       Shares
------                                                       ------

                             PICTURETEL CORPORATION

                    Series B Preference Stock, $.01 par value

       SEE REVERSE SIDE FOR RESTRICTIONS ON TRANSFER AND CLASSES OF STOCK

This certifies that ______________________ is the owner of _______________
shares, fully paid and nonassessable, of the Series B Preference Stock of
PictureTel Corporation, a Delaware corporation, transferable only on the books
of the corporation by the holder thereof in person or by attorney upon surrender
of this certificate properly endorsed.

This certificate and the shares represented hereby are subject to the laws of
the State of Delaware and to the Certificate of Incorporation and the By-laws of
the corporation, in each case as from time to time amended.

IN WITNESS WHEREOF, PictureTel Corporation has caused this certificate to be
signed by its duly authorized officers and its corporate seal to be hereto
affixed this day    of         , 2000.

-------------------------------                 -------------------------------
President or Vice President                     Treasurer or Assistant Treasurer

<PAGE>   2

                            RESTRICTIONS ON TRANSFER

         The shares of stock represented by this certificate have not been
registered under the Securities Act of 1933, as amended, and may not be sold,
assigned, pledged or otherwise transferred in the absence of an effective
registration statement under said Act covering the transfer or an opinion of
counsel satisfactory to the issuer that registration under said Act is not
required.

         The powers, designations, preferences and rights and the
qualifications, limitations or restrictions thereof of each class of stock or
series of any class are set forth in the Restated Certificate of Incorporation,
as amended. The corporation will furnish a copy of the Restated Certificate of
Incorporation, as amended, to the holder of this certificate without charge upon
request.

         These securities are subject to the terms and provisions of a Stock
Purchase and Investor Rights Agreement dated as of July 13, 2000 between the
holder of this Certificate of Series B Preference Stock, the other Investors
party thereto and PictureTel Corporation. Copies of such Agreement may be
obtained without charge upon written request to the secretary of the Company.

                                   ASSIGNMENT

         For value received, ___________________________________ hereby sell,
assign and transfer to __________________________ shares of the Capital Stock
represented by this Certificate, and do hereby irrevocably constitute and
appoint ______________________________, Attorney to transfer such stock on the
books of _________________________________ with full power of substitution in
the premises.

         Dated _________________, 20__

                           ----------------------------------------------------
                           Signature of registered owner corresponding exactly
                           to the name of such owner as written on the face of
                           this certificate

--------------------------
Witness<PAGE>   1
                                                                   Exhibit 4.2.1

                         VOTES OF THE BOARD OF DIRECTORS

    AMENDMENTS TO BYLAWS/OPTION PLANS MADE IN CONJUNCTION WITH STOCK PURCHASE
         AND INVESTOR RIGHTS AGREEMENT OF 7/13/00, AS AMENDED 7/24/2000

VOTED:   That the PictureTel Corporation Bylaws be, and are hereby amended
         to add a new Section 13 (Options) which shall read in its entirety
         as follows: "13. OPTION PRICING." (i) The exercise price of any
         option grants made under the Company's Stock Option Plans or
         pursuant to other arrangements or agreements, shall be equal
         to, or in excess of, the fair market value of the Company's
         Common Stock on the date of such grant; and (ii) the Company
         shall not, without the approval of the holders of a majority
         of the Common Stock, decrease the exercise price of any stock
         option grants made under such Plans or any other arrangements
         or agreements, PROVIDED THAT such restriction shall not apply
         to the issuance of new options at a lower strike price upon
         the cancellation of existing options; and (iii)
         notwithstanding any other provisions of these Bylaws, the
         provisions of this Section 13 shall not be amended, modified,
         revoked, repealed or rescinded without the approval of the
         holders of a majority of the Common Stock."Exhibit 10(a)

INDEPENDENT AUDITORS' CONSENT

   Mercury Gold and Mining Fund of
Mercury Funds, Inc. (formerly Mercury Asset Management Funds, Inc.):

We consent to the incorporation by reference in this Post-Effective Amendment No. 2
to Registration Statement No. 333-65955 on Form N-1A of our reports dated July 17, 2000
appearing in the Annual Report of Mercury Gold and Mining Fund of Mercury Funds, Inc.
(formerly Mercury Asset Management Funds, Inc.) for the year ended May 31, 2000, and to the reference to us
under the caption "Financial Highlights" in the Prospectus, which is a part of such Registration Statement.

   /s/ Deloitte & Touche LLP

Deloitte & Touche LLP
Princeton, New Jersey
September 12, 2000Consent of Swidler Berlin Shereff Friedman, LLP

     We hereby consent to the reference to our firm included in the prospectus and statement of additional information of Mercury
Gold and Mining Fund of Mercury Funds, Inc. filed as part of Post-Effective Amendment No. 2 to the Registration Statement (File No.
333-65955) and to the use of our opinion of counsel, incorporated by reference to Exhibit 9 to the initial Registration Statement on
Form N-1A (File No. 333-65955).

            
            
            
            
            
            
            
            
/s/ Swidler Berlin Shereff Friedman, LLP

            
            
            
            
            
            
            
            
    
Swidler Berlin Shereff Friedman, LLP

   New York, New York

September 12, 2000<PAGE>   1

               GLOBAL AMENDMENT NO. 2 TO INTERCREDITOR AGREEMENTS

THIS GLOBAL AMENDMENT NO. 2 TO INTERCREDITOR AGREEMENTS (this "Amendment") is
dated effective as of August 31, 2000, among CROWN CRAFTS, INC. ("Parent"),
CHURCHILL WEAVERS, INC. ("Weavers"), CROWN CRAFTS DESIGNERS, INC. ("Designers"),
CROWN CRAFTS HOME FURNISHINGS, INC. ("Furnishings"), G.W. STORES, INC.
("Stores"), HAMCO, INC. ("Hamco"), CROWN CRAFTS INFANT PRODUCTS, INC.
("Infant"), as successor to Noel Joanna, Inc. ("Joanna") and The Red Calliope
and Associates, Inc. ("Calliope"), WACHOVIA BANK, N.A., Collateral Agent (the
"Collateral Agent") and a Secured Party, Bank of America, N.A., as a Secured
Party, and The Prudential Insurance Company of America, as a Secured Party
(collectively, the "Secured Parties");

                                   WITNESSETH:

                  WHEREAS, the Collateral Agent and the Secured Parties executed
         and delivered those certain Intercreditor Agreements, each dated as of
         August 9, 1999 with (i) Parent (the "Parent Intercreditor Agreement"),
         (ii) Weavers (the "Weavers Intercreditor Agreement"), (iii) Designers
         (the "Designers Intercreditor Agreement"), Furnishings (the
         "Furnishings Intercreditor Agreement"), Stores (the "Stores
         Intercreditor Agreement"), Hamco (the "Hamco Intercreditor Agreement"),
         Infant, as successor to Joanna and Calliope under the Intercreditor
         Agreements with such entities (collectively, the "Infant Intercreditor
         Agreement"), as amended by Global Amendment No. 1 to Intercreditor
         Agreements dated effective as of February 23, 2000 (as so amended, the
         ("Intercreditor Agreements"); and

WHEREAS, each Company has requested and the Collateral Agent and the Secured
Parties have agreed to certain amendments to certain provisions in the
Intercreditor Agreement with it, subject to the terms and conditions hereof;

NOW, THEREFORE, for and in consideration of the above premises and other good
and valuable consideration, the receipt and sufficiency of which hereby is
acknowledged by the parties hereto, each Company, the Collateral Agent and the
Secured Parties hereby covenant and agree as follows, as to each of the
Intercreditor Agreements:

<PAGE>   2

         1.       Definitions. Unless otherwise specifically defined herein,
each term used herein which is defined in the Intercreditor Agreements shall
have the meaning assigned to such term in the Intercreditor Agreements. Each
reference to "hereof", "hereunder", "herein" and "hereby" and each other similar
reference and each reference to "this Agreement" and each other similar
reference contained in the Intercreditor Agreements shall from and after the
date hereof refer to the Intercreditor Agreements as amended hereby.

         2.       Amendments to Intercreditor Agreement.

                  (a)      The following new definitions are hereby added to
         Section 1 of the Intercreditor Agreement in proper alphabetical order:

                           "Wachovia LC's" has the meaning set forth in
                  Section 32.

                           "Wachovia LC Cash Collateral" has the meaning set
                  forth in Section 32.

                  (b)      The following definitions contained in Section 1 of
         the Intercreditor Agreement are hereby amended and restated in their
         entirety in proper alphabetical order:

                           "Collateral" means (i) the "Collateral" defined in
                  the Security Agreement; (ii) the "Collateral" defined in the
                  Factoring Balances Agreement; (iii) the "Collateral" defined
                  in the Pledge Agreement; and (iv) the "Collateral" defined in
                  the Mortgages; provided, that notwithstanding anything to the
                  contrary in the Security Agreement or the Transaction
                  Documents, the term "Collateral" shall not include the
                  Wachovia LC Cash Collateral.

                  (c)      A new Section 32 is hereby added to the Intercreditor
         Agreement as follows:

                                    32. Certain Agreements Arising From August
                  31, 2000 Amendments. The Secured Parties have each amended
                  their respective Transaction Documents (collectively, the
                  "August 2000 Transaction Document Amendments"), consisting of
                  (i) as to each of Wachovia and Bank of America, an Amendment
                  No. 4 to Revolving Credit Agreement, and (ii) as to
                  Prudential, an Amendment of 1995 Note Agreement, in each case
                  dated as of August 31, 2000, and each Secured Party hereby
                  approves the August 2000 Transaction Document Amendments. As a
                  result of and in order to reflect the understanding of the
                  parties contained in the August 2000 Transaction Document
                  Amendments, the Secured Parties desire to include in this
                  Intercreditor Agreement the provisions of this Section 32, and
                  the Company consents and agrees to the terms and provisions
                  set forth herein. In the event of any conflict between the
                  provisions of this Section 32 and any other provision of this
                  Intercreditor Agreement, the provisions of this Section 32
                  shall govern and control.

                           (a)      With respect to all outstanding letters of
                  credit issued by Wachovia for the account of the Borrower,
                  whether outstanding on August 31, 2000 or

                                       2
<PAGE>   3

                  thereafter issued (the "Wachovia LC's"), the August 2000
                  Transaction Document with Wachovia provides that: (i) on or
                  before the effective date of the August 2000 Transaction
                  Documents Amendments, Crown Crafts, Inc. would either cause to
                  be surrendered to Wachovia for cancellation the Wachovia LC
                  issued in connection with worker's compensation claims (the
                  "Worker's Comp LC") in the stated amount of $795,842 or
                  provide to Wachovia cash collateral in an amount equal to such
                  stated amount; and (ii) as to all other Wachovia LC's (the
                  "Other LC's"), (x) those which currently expire prior to
                  October 31, 2000 shall be permitted to expire, and (y) as to
                  those which have not expired by October 31, 2000, on such
                  date, and as to those issued after the Fourth Amendment
                  Effective Date, on the date of issuance, Crown Crafts, Inc.
                  shall either cause to be surrendered to Wachovia for
                  cancellation such unexpired Other LC's or provide to Wachovia
                  cash collateral in an amount equal to the lesser of (x) the
                  maximum amount available to be drawn thereunder and (y) an
                  amount which, together with the amount of cash collateral
                  provided for the Worker's Comp LC pursuant to clause (i)
                  above, does not exceed $2,700,000 (the "Cash Collateral
                  Amount"), and the aggregate stated amount of all Wachovia LC's
                  for which cash collateral is required pursuant to the
                  foregoing shall not exceed the Cash Collateral Amount.

                           (b)      The August 2000 Transaction Document
                  Amendments further provide that except as to any Discretionary
                  Loans, notwithstanding any provision to the contrary contained
                  in any of the Transaction Documents or this Intercreditor
                  Agreement, Crown Crafts may not make any principal payments to
                  any of Secured Parties other than pro-rata principal payments,
                  and each Secured Party's pro-rata share shall be calculated as
                  provided in paragraph (c) of this Section 32, and each of the
                  Secured Parties acknowledges and agrees to the foregoing as
                  part of their understanding under this Intercreditor
                  Agreement.

                           (c)      The August 2000 Transaction Document
                  Amendments further provide that Crown Crafts, Inc. shall make
                  payments of principal outstanding on the Senior Debt to the
                  Secured Parties, prorata, based on the principal amounts of
                  Senior Debt held by each of them, in the following amounts on
                  or before the dates set forth below (the "Mandatory Senior
                  Debt Payments"):

<TABLE>
<CAPTION>
                           Payment Date                   Payment Amount

                           <S>                            <C>
                           December 8, 2000                $ 7,000,000
                           December 31, 2000               $ 4,000,000
                           February 4, 2001                $ 3,000,000
                           March 4, 2001                   $ 2,000,000
                           April 1, 2001                   $ 3,000,000
                                                           -----------
                                    Total                  $19,000,000
</TABLE>

                  Each of the Secured Parties acknowledges and agrees to the
                  foregoing as part of their understanding under this
                  Intercreditor Agreement and Prudential hereby agrees,
                  notwithstanding anything to the contrary contained in this
                  Intercreditor Agreement, the Security Agreement or the
                  Transaction Documents, in connection

                                       3
<PAGE>   4

                  with any principal payments made to Prudential (either on a
                  voluntary basis, on account of the mandatory reductions in
                  Senior Debt required by the August 2000 Transaction Document
                  Amendments or from Net Proceeds or pursuant to this
                  Intercreditor Agreement), no Yield-Maintenance Amount (as
                  defined in the Prudential Note Agreement) shall accrue or be
                  payable with respect thereto as to such principal payments
                  made after the date of the August 2000 Transaction Documents
                  Amendments not in excess of an aggregate of $7,142,856, and as
                  to such principal payments made after the date of the August
                  2000 Transaction Document Amendments in excess of an aggregate
                  of $7,142,856 (including any payments made at maturity, by
                  acceleration or otherwise), the Yield-Maintenance Amount with
                  respect thereto (calculated without taking into account the
                  shortening of maturity and the change in interest rate
                  pursuant to the August 2000 Transaction Document Amendments)
                  shall accrue with respect thereto. Prior to maturity (whether
                  by acceleration or otherwise), each payment made to the
                  Secured Parties shall be made on a prorata basis, based solely
                  on the principal amounts outstanding on such date, but
                  Prudential shall be entitled to apply its share thereof to its
                  Yield-Maintenance Amount determined on its principal amount
                  outstanding immediately prior to receipt of such payment and,
                  to the extent Prudential does make such application to its
                  interest or to its Yield-Maintenance Amount and, if applied to
                  its Yield-Maintenance Amount and the amount of such
                  Yield-Maintenance Amount is calculated on a treasury rate
                  basis (as set forth in Paragraph 10A of the Prudential Note
                  Agreement) which is lower than such treasury rate basis would
                  have been if calculated on August 31, 2000, then to the extent
                  of the difference, the other Secured Parties shall be entitled
                  to apply their payments to interest or other costs (or to then
                  there are none, held as cash collateral, not subject to
                  sharing hereunder, for future such application). Upon such
                  maturity of the Senior Debt (whether by acceleration or
                  otherwise), notwithstanding any provision of this
                  Intercreditor Agreement to the contrary, any distributions on
                  account of the Senior Debt shall be made on a prorata basis,
                  determined as follows: (i) based solely on the principal
                  amount outstanding on such date, until distributions have been
                  made in an aggregate amount equal to such principal amount
                  outstanding; and (ii) thereafter, based on the aggregate
                  amount of each Secured Parties' remaining Claim (including,
                  interest, fees, costs and Prudential's Yield-Maintenance
                  Amount).

                           (d)      The August 2000 Transaction Document
                  Amendments further provide that the Company shall make a
                  prepayment of principal amount of the Senior Debt from the Net
                  Proceeds of each Restricted Asset Disposition and each Capital
                  Market Transaction (as those terms are defined in the
                  Transaction Documents), except that such Net Proceeds shall
                  (i) be payable to the Collateral Agent as and when the
                  aggregate amount thereof since the last such payment of Net
                  Proceeds pursuant thereto is equal to or in excess of $50,000,
                  and (ii) be applied to reduce the amount of Mandatory Senior
                  Debt Payments required to be made pursuant to paragraph (c)
                  above, with such applications being applied in the order of
                  maturity of the Payment Dates set forth in paragraph (c)
                  above. The Company and the Secured Parties hereby agree that
                  such amounts paid to the

                                       4
<PAGE>   5

                  Collateral Agent shall be held by the Collateral Agent, for
                  the ratable benefit of the Secured Parties, and distributed to
                  the Secured Parties as and when the aggregate amount held by
                  it is at least equal to $250,000, or at such earlier time as
                  the Secured Parties may agree upon and so instruct the
                  Collateral Agent, all pursuant to the provisions of this
                  Section 32.

                           (e)      The August 2000 Transaction Document
                  Amendments further provide that by October 2, 2000, the
                  Secured Parties (or their affiliate designees) without any
                  further consideration payable, shall receive warrants,
                  exercisable at nominal cost for Crown Crafts, Inc.'s common
                  stock such that upon issuance the Secured Parties,
                  collectively, shall own 10% (divided among the Secured Parties
                  pro rata, according to the following percentages: 19.63% to
                  Bank of America 33.88% to Prudential; and 46.49% to Wachovia,
                  which percentages were determined without taking into account
                  any outstanding Wachovia LC's and shall be applicable so long
                  as, on the issuance date, cash collateral required to have
                  been provided for such Wachovia LC's as of such date pursuant
                  to Section 8.18 of the August 2000 Transaction Document
                  Amendment with Wachovia has been provided, but shall be
                  subject to adjustment to the extent such required cash
                  collateral has not so been provided) of Crown Crafts, Inc.'s
                  then issued and outstanding common stock exercisable any time
                  after issuance, but not later than December 31, 2005. Such
                  warrants (the "Warrants") shall be accompanied by a warrant
                  holders rights agreement providing each of the Secured Parties
                  with customary registration "call," "put," "clawback",
                  antidilution provisions (including with respect to the
                  exercise of options outstanding on August 31, 2000) )and
                  similar rights acceptable to each of the Secured Parties.
                  However, the Secured Parties have agreed and hereby agree, on
                  a pro rata basis, to extinguish (return) the Warrants,
                  unexercised, at a rate equal to 2% of such outstanding
                  Warrants (to the extent not previously exercised) for each 1%
                  of the amount by which the principal balance of the Senior
                  Debt outstanding on the August 31, 2000 is reduced by
                  principal payments made after such date. Each of the Secured
                  Parties hereby agrees that it will not amend or modify its
                  Warrant without the written consent of the other Secured
                  Parties.

         3.       Effect of Amendment. Except as set forth expressly
hereinabove, all terms of the Intercreditor Agreement shall be and remain in
full force and effect, and shall constitute the legal, valid, binding and
enforceable obligations of the parties thereto. The agreements contained herein
shall be deemed to have prospective application only, unless otherwise
specifically stated herein.

         4.       Ratification. Each of the parties to the Intercreditor
Agreement hereby restates, ratifies and reaffirms each and every term, covenant
and condition set forth in the Intercreditor Agreement effective as of the date
hereof.

         5.       Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed and

                                       5
<PAGE>   6

delivered shall be deemed to be an original and all of which counterparts, taken
together, shall constitute but one and the same instrument.

         6.       Section References. Section titles and references used in this
Amendment shall be without substantive meaning or content of any kind whatsoever
and are not a part of the agreements among the parties hereto evidenced hereby.

         7.       Governing Law. This Amendment shall be governed by and
construed and interpreted in accordance with, the laws of the State of Georgia.

         8.       Conditions Precedent. This Amendment shall become effective
only upon execution and delivery of this Amendment by each of the parties hereto
and the effectiveness of each of the August 2000 Transaction Document Amendments
in accordance with their respective terms.

                       [SIGNATURES COMMENCE ON NEXT PAGE]

                                       6
<PAGE>   7

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first above written.

COMPANY:                             CROWN CRAFTS, INC.

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

COMPANY:                             CHURCHILL WEAVERS, INC.

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

COMPANY:                             CROWN CRAFTS DESIGNERS, INC.

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

COMPANY:                             CROWN CRAFTS HOME FURNISHINGS,
                                           INC.

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

COMPANY:                             G.W. STORES, INC.

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

COMPANY:                             HAMCO, INC.

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

                                       7
<PAGE>   8

COMPANY:                             CROWN CRAFTS INFANT PRODUCTS, INC.

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

COLLATERAL AGENT:                    WACHOVIA BANK, N.A., as Collateral Agent

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

SECURED PARTIES:                     WACHOVIA BANK, N.A., as a Secured Party,

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

                                     BANK OF AMERICA, N.A., as a Secured Party

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

                                     THE PRUDENTIAL INSURANCE COMPANY
                                     OF AMERICA, as a Secured Party

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

                                       8

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