Document:

Exhibit 4.1

                  Siliconware Precision Industries Co., Ltd.
      Plan for Issue and Exercise of Employee Stock Options for Year 2002

1.   Purposes of the Issue:

     For the purpose of inspiring employees of Siliconware Precision
     Industries Co., Ltd. (the "Company") so as to create a mutual benefit for
     the Company and the shareholders, the Company adopts this Plan for the
     Issue and Exercise of Employee Stock Options for Year 2002 in accordance
     with Article 28-3 of the ROC Securities and Exchange Law, the Criteria
     Governing the Offering and Issuance of Securities by Securities Issuers
     promulgated by the ROC Securities and Futures Commission ("SFC"), and
     other relevant laws and regulations.

2.   Issue Period:

     The options contemplated herein shall be issued in installments within
     one (1) year starting from the date of receipt of approval by the
     competent authority. The chairman of the Company is authorized to
     determine the actual issue date(s).

3.   Qualifications and Conditions of Employee Eligibility for Stock Options:

     Only full-time employees of the Company and local and foreign
     subsidiaries in which more than fifty percent (50%) of whose shares are
     directly or indirectly held by the Company are qualified for the options
     contemplated herein. The recipients of the options and the quantity of
     options granted to each recipient shall be proposed by the general
     manager for approval by the chairman of the Company, and then submitted
     to the board of directors of the Company for approval. The quantity of
     options granted to each recipient shall not be more than ten percent
     (10%) of the total options granted herein, and the number of shares that
     may be subscribed for by each person in any given fiscal year shall not
     be more than one percent (1%) of the total issued shares as at the end of
     such fiscal year.

4.   Number of Total Issued Units:

     The total number of units of the options to be issued is 40,000. The
     number of shares represented by each unit is 1,000 shares. The total new
     shares to be issued upon the exercise of the options is 40,000,000
     shares.

5.   Terms for Exercising Stock Option:

     (1)  exercise price: The exercise price shall be the closing price of the
          common shares of the Company as of the issue date.

     (2)  exercise period:

          a.   Recipients of options may exercise the options pursuant to the
               terms and conditions set forth below after two (2) full years
               from the issuance of the options. The term of the options is
               five (5) years. The options shall not be transferred, pledged,
               donated or otherwise disposed of, except by inheritance. In the
               event that the recipient of the options does not exercise the
               options within such period, any non-exercised options shall be
               deemed forfeited by the recipient, and such recipient may not
               exercise any further right on such options against the Company.

<PAGE>
          --------------------------------------------------------------------
                                             accumulated percentage
                     Time                    of exercisable option
          --------------------------------------------------------------------
          after two (2) full years since                 30%
          the issuance of the option
          --------------------------------------------------------------------
          after three (3) full years since               70%
          the issuance of the option
          --------------------------------------------------------------------
          after four (4) full years since               100%
          the issuance of the option
          --------------------------------------------------------------------

          b.   In the event that a recipient of the options violates his/her
               employment agreement or working rules of the Company, or whose
               performance is manifestly poor, the Company is entitled to
               revoke and cancel the non-exercisable options.

     (3)  class of shares to be subscribed for upon exercise of the option:
          common shares of the Company

     (4)  an employee whose employment is terminated shall exercise his/her
          options within the term of the option grant period in accordance
          with the following provisions:

         a.    resignation

               Recipients of options may exercise the exercisable option
               within one (1) month after the date of resignation. However, if
               such period falls within the periods as provided for in
               Paragraph 1 of Article 10 of this Plan, the exercise period of
               the options may be extended accordingly. Any non-exercisable
               options will be deemed lapsed on the date of resignation.

         b.    retirement

               Recipients of options may exercise all options on the date of
               retirement subject to the above two-year requirement (but not
               subject to the limitation of exercisable percentages as
               provided for in Paragraph 2 of this Article). However, such
               option shall be exercised within one (1) year after the date of
               retirement or the date upon which the option has been issued
               for two (2) full years, whichever is later.

         c.    death due to normal causes

               The heir of a recipient of options may exercise the exercisable
               options within one (1) year after the date of the death of the
               recipient. Any non-exercisable options will be deemed lapsed on
               the date of the death of the recipient.

         d.    disability or death by occupational injury

               (i)  In the event that a recipient cannot continue his/her
                    job due to disability caused by occupational injury, such
                    recipient may exercise all options at the time of his/her
                    departure from the Company subject to the above two-year
                    requirement (but not subject to the limitation of
                    exercisable percentage as provided for in Paragraph 2 of
                    this Article). However, such options shall be exercised
                    within one (1) year after the date of his/her departure or
                    the date that the options have been issued for two (2)
                    full years, whichever is later.

               (ii) In the event that a recipient dies due to occupational
                    injury, his/her heir may exercise all options of the
                    recipient subject to the above two-year requirement (but
                    not subject to the limitation of exercisable percentage as
                    provided for in Paragraph 2 of this Article). However,
                    such options shall be exercised within one (1) year after
                    the date of the death of the recipient or the date that
                    options have been issued for two (2) full years, whichever
                    is later.

        e.  leave of absence

<PAGE>

          Recipients who are on leave of absence pursuant to applicable law,
          due to such reasons as serious disease, material changes in his/her
          family, study abroad or other reasons, with approval by the Company,
          may exercise the exercisable option within one (1) month after the
          date of the beginning of such leave of absence. However, if such
          period falls within the periods as provided for in Paragraph 1 of
          Article 10 of this Plan, the exercise period of the options may be
          extended accordingly. The rights of the non-exercisable options may
          be resumed by the recipient after he/she resumes his/her position,
          and the exercise period of such options shall be extended
          accordingly but subject to the original term of the options.

       f. layoff

          An employee who has been laid off may exercise his/her exercisable
          options within one (1) month after the effective day of severance.
          However, if such period falls within the periods as provided for in
          Paragraph 1 of Article 10 of this Plan, the exercise period of the
          options may be extended accordingly. The non-exercisable option
          shall be deemed forfeited at the effective day of the severance. The
          chairman of the Company or the officers authorized by the chairman
          are entitled to determine the rights and limitation on the exercise
          of such options subject to the limitation of exercisable percentages
          as provided for in Paragraph 2 of this Article.

       g. transfer

          In the event that a recipient is transferred to other companies at
          the request of the Company, the options of such recipient shall be
          handled in the same manner as those of retired employees.

       h. In the event that the recipients or their heir(s) fail to exercise
          the options within the above periods, such options shall be deemed
          lapsed. Such recipients or their heir(s) may not exercise any
          further right on such options against the Company.

  (5)  treatment of options forfeited by the employees: the Company will
       cancel all options forfeited by the employees or revoked by the Company
       without reissue.

6. Method for Performance of Options: by issuance of new shares of
   the Company.

7. Adjustment of Exercise Price:

     (1)  In the event that there is a change in the total number of the common
          shares of the Company (i.e., the Company increases capital by cash,
          recapitalizes its retained earnings or capital reserve, or issues
          new shares due to merger, stock split, or increases capital by cash
          in the form of global deposit shares), the exercise price shall be
          adjusted according to the following formula:

                                                            PNI  x  NNS
                                                            ------------
                                              ENS  +                P
                                              ---------------------------
           Adjusted Exercise Price =  P  x
                                                            ENS + NNS

           Where,
           ENS = number of shares before the new issue
           NNS = number of shares in the new issue
           PNI = price of the new common shares of the Company
           P   = original exercise price
<PAGE>

           (i)   ENS means the number of common shares before the new
                 issue, but excludes the number of common shares
                 evidenced by the certificate(s) of payment and
                 certificate(s) of bonds which are paid for.

           (ii)  PNI = zero, when new shares are from any free
                 distribution of common shares or are generated from
                 stock split.

           (iii) In the event the Company merges with another company,
                 ENS shall be the average closing price of the common
                 shares of the Company for the twenty (20) consecutive
                 business days commencing from the forty-fifth (45th)
                 business day prior to the record date of the merger.

           (iv)  In the event that the adjusted exercise price is higher
                 than the original exercise price, no adjustment will be
                 made.

          (2)    In the event that the Company distributes a cash dividend after
                 the issue of the options, the exercise price shall be adjusted
                 according to the following formula at the record date:

                 the adjusted exercise price = the exercise price before
                 adjustment - cash dividend for each common share of the
                 Company

8.   Procedure for Exercising Options:

     (1)  The recipients may exercise their options, except during the closed
          period under applicable laws, by filling an irrevocable application
          for the exercise of options. An exercise of options will become
          effective upon the receipt of the application by the Company.

     (2)  The Company shall notify the recipient to pay the subscription price
          to the bank designated by it when accepting the application by the
          recipient for the exercise of the options.

     (3)  Upon confirmation of the receipt of the subscription price, the
          Company shall register such number of shares as subscribed by the
          recipient on its shareholders' roster, and within five (5) business
          days, transfer the certificate of payment through book-entry
          delivery into the recipient's central depositary account.

     (4)  The certificate of payment will be listed for trading on the Taiwan
          Stock Exchange at the time of delivery to the recipients.

     (5)  The record dates for the Company to amend its capital registration,
          and to apply for issue of new shares with the competent
          authorities for each fiscal year, are as follows:

          (i)  January 20;

          (ii) the record date for determination of the shareholders entitled
               to free distribution of new shares; provided, that if the
               shareholders' meeting resolves not to make such distribution,
               the record date should be July 15; and

          (iii) October 15.

     (6)  The Company will issue new shares after completion of the amendment
          of registration of capital with the relevant authorities, and
          printing and authentication of new share certificates.

9.   In the event that the exercise price of the options is below the par
     value of the Company's common shares, the exercise price shall be the
     closing price of the Company's common shares on the Taiwan Stock Exchange
     on the issue date of such options.

10.  Rights and Obligations after Exercising Options:

     (1)  Each recipient of the options may not exercise the options during
          the following period of each year:
<PAGE>

          i.    from seven (7) business days before the date of the meeting
                of the board of directors at which the directors resolve to
                convene an annual shareholders' meeting to either (x) the
                record date for determination of the shareholders entitled
                to free distribution of new shares or (y) the record date
                for determination of the shareholders entitled to dividends,
                whichever is later.

          ii.   from the date of the meeting of board of directors at which
                the directors resolve the record date for the merger to the
                resolved record date of such merger, or from the date of the
                meeting of the board of directors at which the directors
                resolve the record date of spin-off to the record date of
                such spin-off, or from the date of the meeting of board of
                directors at which the directors resolve the record date for
                determination of the shareholders entitled to subscribe for
                new shares to the record date for such subscription.

          iii.  any other closed period as provided by law.

     (2) Except for the above period, the rights and obligations of the
         certificate(s) of payment issued upon exercise of options shall be the
         same as the common shares of the Company.

11.  Confidentiality:

     Each recipient of the option shall keep this Plan in strict confidence
     and shall not disclose the relevant contents and quantity of the options
     granted to the recipient except as requested by laws, regulations or the
     relevant authorities. In the event that the recipient of the options
     violates this Article, such matter shall be handled in accordance with
     Sub-Paragraph b, Paragraph 2 of Article 5 of this Plan.

12.  Other Procedures:

     The Company shall notify each recipient of the quantity of the options
     granted, the procedure for exercising options, payment for subscription
     of shares, replacement of share certificates and the time for each such
     procedure.

13.  Other Important Matters:

     (1)   This Plan, including any amendment hereto, shall be adopted by a
           resolution of the board of directors of the Company, and shall
           become effective after being approved by the relevant authority.

     (2)   Matters not provided for in this Plan shall be handled in accordance
           with relevant laws and regulations.Second CONSENT AND AMENDMENT

         SECOND CONSENT AND AMENDMENT dated as of August 12, 2003, to the (i)
Credit Agreement dated as of March 28, 2002,among GFSI, Inc., a Delaware
corporation (the "Borrower"), GFSI Holdings, Inc., a Delaware corporation
("Holdings"), each of the financial institutions a party to thereto (such
financial institutions, together with their successors and assigns, are referred
to herein each individually as a "Lender" and collectively as the "Lenders"),
and Bank of America, N.A., as agent for the Lenders (in its capacity as agent,
the "Agent") (as the same has been or may hereafter be amended, restated,
supplemented, extended or otherwise modified, the "Credit Agreement"), and (ii)
the Security Agreement (the "Security Agreement") dated as of March 28, 2002
between Borrower, Event 1, Inc., CC Products, Inc. and Agent.

                                   Recitals
                                   --------

         WHEREAS, Borrower and Holdings wish to consolidate some of their
operations by selling the facility owned by Borrower at 16002 W. 110th Street,
Lenexa, Kansas (which facility, together with all personal property listed on
Schedule A hereto, is defined as the "110th Street Facility") and by Borrower
leasing a facility at 9700 Lackman, Lenexa, Kansas ("9700 Lackman Facility")
where such partial consolidation will occur;

         WHEREAS, Borrower desires to sell the 110th Street Facility free and
clear of all liens and encumbrances and desires that Lenders release the 110th
Street Facility from the liens and encumbrances created by the Mortgage,
Assignment of Leases and Rents, Security Agreement and Fixture Filing
("Mortgage") dated April 2, 2002 and recorded with the Johnson County, Kansas
Register of Deeds as Document number 3395794 (the Land that is a part of the
110th Street Facility is legally described as Tract II in Exhibit A to the
Mortgage);

         WHEREAS, the lessor of the 9700 Lackman Facility and the buyer of the
110th Street Facility are not Afiliates of Borrower or Holdings;

         WHEREAS, Borrower desires that Lenders release the 110th Street
Facility from the liens and encumbrances created by the Security Agreement and
from the liens and encumbrances perfected by any Financing Statements
("Financing Statements");

         WHEREAS, after the sale of the 110th Street Facility, Borrower desires
to lease the 110th Street Facility back from the new owner under a Commercial
Lease until January 31, 2004 ("110th Street Lease");

         WHEREAS, Borrower desires to enter into a Lease Agreement for the 9700
Lackman Facility ("9700 Lackman Facility") for an initial term through December
31, 2013, with options to renew and expand ("9700 Lackman Lease");

         WHEREAS, Borrower desires to relocate substantially all of the moveable
Collateral from the 110th Street Facility, and certain other Collateral from

                                       1
<PAGE>

other existing locations, to the 9700 Lackman Facility and other locations
identified on the revised Schedules to the Security Agreement that are attached
hereto as Exhibits B, C and D;

         WHEREAS, the foregoing transactions are herein collectively referred to
as the "Sale and Relocation Transactions", and in connection therewith Borrower
has requested that the Lenders and Agent execute and deliver this Consent and
Amendment;

         NOW, THEREFORE, in consideration of the mutual execution hereof and
other good and valuable consideration, the parties hereto agree as follows:

         Section 1. Definitions. Capitalized terms used herein and not otherwise
defined herein are used as defined in the Credit Agreement.

         Section 2. Credit Agreement and Security Agreement Consents. Upon
satisfaction of the conditions set forth in Section 5 hereof, Agent and Lenders
hereby agree as follows:

         (a) Notwithstanding the provisions of Section 3.4 of the Credit
Agreement regarding required prepayments and other provisions, and any
provisions in Section 7.9 of the Credit Agreement regarding use of proceeds,
Borrower may retain the net proceeds from the sale of the 110th Street Facility,
so long as within ninety (90) days before and three hundred sixty-five (365)
days after receipt of such net proceeds, Borrower uses an amount equal to such
net proceeds for relocation costs, tenant improvements and to purchase or
acquire new Equipment for deployment at the 9700 Lackman Facility ("Lackman
Facility Equipment"). To the extent Borrower does not spend an amount equal to
the net proceeds on such matters within the ninety (90) days before and three
hundred sixty-five (365) days after the receipt of such proceeds, Borrower shall
prepay the Loans in the amount of such difference upon the conclusion of the 455
day period, and any amount prepaid may be reborrowed.

         (b) Upon the sale of the 110th Street Facility and the receipt of the
net proceeds by Borrower, the Fixed Asset Amount shall be reduced by $2,380,000
which the parties agree is the appropriate Fixed Asset Amount Reduction
determined in accordance with Section 3.4 of the Credit Agreement. However, the
Fixed Asset Amount shall increase by an amount equal to seventy-five percent
(75%) of the orderly liquidation value of the Lackman Facility Equipment as
determined by appraisal of the Lackman Facility Equipment. Upon request by
Borrower, Agent will have the appraisal of the Lackman Facility Equipment
conducted at Borrower's expense. Agent shall use its best efforts to obtain an
appraisal within thirty (30) days after Borrower's request. If such appraisal is
acceptable to Agent at Agent's commercially reasonable discretion, the Fixed
Asset Amount will be increased by the results of such appraisal within such
thirty (30) day period.

         (c) Notwithstanding the provisions of Section 7.4 of the Credit
Agreement that require the property to be maintained in good condition and the
provisions of Section 7.9 of the Credit Agreement that prohibit the sale,
transfer or disposal of any property except for certain exceptions, the Lenders
and Agent hereby acknowledge and agree that the provisions of Section 7.4 of the

                                       2
<PAGE>

Credit Agreement do not apply to the Sale and Relocation Transactions and the
Lenders and Agent consent and agree to the sale, transfer and/or disposal of the
110th Street Facility free and clear of all liens and encumbrances.

         (d) Notwithstanding the provisions of Section 7.19 of the Credit
Agreement that prohibit the lease of property sold by Borrower, Lenders and
Agent hereby consent and agree to the 110th Street Lease which is the leaseback
of property sold by Borrower.

         (e) Notwithstanding the provisions of Section 7.10 of the Credit
Agreement that prohibit Restricted Investments, Lenders and Agent consent and
agree that the acquisition of the Real Estate, Equipment and improvements that
do and will comprise the 9700 Lackman Facility are a permitted Restricted
Investment, and further consent and agree that the environmental assessment
dated July 25, 2003, and prepared by Geosystems/Kleinfelder for the Real Estate
to be acquired (9700 Lackman leasehold interest) is acceptable to Lenders.

         (f) Lenders and Agent agree that this Second Consent and Amendment
satisfies any duty of Borrower or its Subsidiaries to give notice to Lenders or
Agent under the Security Agreement, including under Section 4 of the Security
Agreement, of the location of the Collateral or the relocation of the
Collateral.

         (g) Lenders and Agent consent and agree to the release of the 110th
Street Facility from all liens and encumbrances whatsoever, whether created
under the Mortgage, Security Agreement or under any other Loan Document.

         (h) Lenders and Agent consent under Section 13 of the Security
Agreement that the 110th Street Facility, including any Equipment or other
Collateral listed on Schedule A hereto, therein may be sold, transferred and
disposed of, as a part of the Sale and Relocation Transactions free and clear of
all liens and encumbrances.

         (i) Lenders agree to deliver, or authorize Agent to deliver, a Partial
Release of Mortgage to Borrower for the closing of the sale of the 110th Street
Facility releasing the 110th Street Facility from the lien of the Mortgage.

         (j) Agent agrees to (i) file a partial release of the collateral
identified on Schedule A attached hereto, (ii) amend the Financing Statement
filed with the Johnson County Register of Deeds so the 110th Street Facility is
released, and (iii) amend any other Financing Statement that encumbers the 110th
Street Facility to release any right, title and interest in and to it.

         (k) Agent and Lenders agree that they shall, at any time and from time
to time , at the reasonable request of Borrower, execute and deliver to Borrower
any and all other instruments which Agent and Lenders consider reasonably
necessary to release any right, title and interest in and to the 110th Street
Facility and any Equipment or other Collateral listed on Schedule A.

         (l) Notwithstanding any other provision of the Credit Agreement or the
Loan Documents, and without limitation by the specific consents hereinabove
granted, the Lender and Agent consent to the Sale and Relocation Transactions.

                                       3
<PAGE>

         Section 3. Amendments. The Credit Agreement, Security Agreement and
Financing Statements are amended as follows:

         (a) Schedule(s) 6.9, 6.11 and 6.16 to the Credit Agreement are amended
in their entirety by substituting a revised Schedules 6.9, 6.11 and 6.16 which
are attached hereto as Exhibit A.

         (b) Schedules IA, IB and IC to the Security Agreement (Location of
Collateral) are amended in their entirety by substituting revised Schedules IA,
IB and IC which are attached hereto as Exhibit B, C and D.

         Section 4.  Covenants of Borrower.

         Upon the lease of the 9700 Lackman Facility and the sale of the 110th
Street Facility, as the case may be, Borrower shall deliver a Landlord Agreement
from each owner, respectively, to Lenders, as required pursuant to Section 4
(c)(b) of the Security Agreement.

         Section 5. Conditions to Effectiveness. This Consent and Amendment
shall become effective when each of the following conditions precedent has been
met or waived in writing by Agent and Required Lenders:

         (a) Consent and Amendment. Agent, Borrower, Event 1, Inc. CC Products,
Inc. and Required Lenders shall have delivered to the other duly executed
counterparts to this Consent and Amendment;

         (b) Reaffirmation of Guaranty. Holdings shall have executed and
delivered to Agent the Reaffirmation of Guaranty attached hereto.

         (c) 110th Street Lease and 9700 Lackman Lease. Borrower shall have
delivered a copy of the 110th Street Lease and 9700 Lackman Lease to Agent, in
each case, in form and substance reasonably satisfactory to Agent.

         (d) Landlord Agreements. The Agent shall have received fully executed
Landlord Agreements, in form and substance reasonably satisfactory to Agent, for
the 9700 Lackman Facility and for the 110th Street Facility.

         (e) Sale of 110th Street Facility. Borrower shall have delivered a copy
of the Purchase Agreement for the 110th Street Facility to Agent.

         Section 6. Costs and expenses. As provided in Section 13.7 of the
Credit Agreement, Borrower agrees to reimburse Agent for all reasonable costs
and expenses of Agent (including attorney costs) in connection with the
preparation, execution, delivery and administration of this Consent and
Amendment (and the other documents to be delivered in connection herewith).

         Section 7. Miscellaneous. Except to the extent compliance therewith is
hereby expressly waived or consents are granted hereunder, the provisions of the
Credit Agreement shall remain unchanged and in full force and effect. This

                                      4
<PAGE>

Second Consent and Amendment 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 Second Consent and Amendment by
signing any such counterpart and sending the same by telecopier, mail messenger
or courier to the Agent or counsel to the Agent. This Second Consent and
Amendment shall be interpreted and the rights and liabilities of the parties
hereto determined in accordance with the internal laws (as opposed to the
conflict of laws provisions) of the State of Illinois; provided that the Agent
and the Lenders shall retain all rights arising under federal law.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Second Consent
and Amendment to be duly executed as of the day and year first above written.

                                "BORROWER"

                                GFSI, Inc.

                                By:     /s/ Larry Graveel
                                        -----------------------------
                                Name:   Larry Graveel
                                Title:  President

                                "HOLDINGS"

                                GFSI Holdings, Inc.

                                By:     /s/ Larry Graveel
                                Name:   -----------------------------
                                        Larry Graveel
                                Title:  President

                                EVENT 1, INC.

                                By:     /s/ Larry Graveel
                                        -----------------------------
                                Name:   Larry Graveel
                                Title:  President

                                CC PRODUCTS, INC.

                                By:     /s/ Larry Graveel
                                Name:   -----------------------------
                                        Larry Graveel
                                Title:  President

[This is one of the signature pages to the Second Consent and Amendment dated
as of August 12, 2003.]

                                      6
<PAGE>

                                "AGENT"

                                BANK OF AMERICA, N.A., as the Agent

                                By: /s/ Dan Jelace
                                    ---------------------------------
                                     Dan Jelace, Vice President

                                "LENDERS"

                                BANK OF AMERICA, N.A., as a Lender

                                By: /s/ Dan Jelace
                                    ---------------------------------
                                    Dan Jelace, Vice President

[This is one of the signature pages to the Second Consent and Amendment dated
as of August 18, 2003.]

                                      7
<PAGE>

                                THE CIT GROUP/COMMERCIAL
                                SERVICES, INC., as a Lender

                                By:  /s/
                                     ---------------------------------
                                     ---------------------, Vice President

[This is one of the signature pages to the Second Consent and Amendment dated
as of August 12, 2003.]

                                      8
<PAGE>

                                 U.S. BANK NATIONAL
                                 ASSOCIATION, as a Lender

                                 By: /s/ Thomas F. Visconti
                                     --------------------------------
                                     Thomas F. Visonti, Vice President

[This is one of the signature pages to the Second Consent and Amendment dated
as of August 12, 2003.]

                                      9
<PAGE>

                                 SCHEDULE A TO
                                 ----------
                          SECOND CONSENT AND AMENDMENT

           EQUIPMENT AND OTHER COLLATERAL REMAINING AT 110TH STREET
                     FACILITY TO BE TRANSFERRED TO BUYER

All built in cabinets in the kitchen and cafeterias, including sinks, automatic
dishwashers and ice machines.
Attached ceiling fans that are direct wired to the building.
Safety eye wash stations.
All dock door security gates.
All dock levelers and dock lights, including lights attached to the roof.
All permanently wired lighting.
All drinking fountains.
All permanently wired overhead fans and exhaust fans.
Mezzanine at East end of building.
Elevator and elevator controls.
Alarm system for doors and windows.
Fire alarm system.
Sprinkler system.
All plumbing and bathroom fixtures and partitioning.
All HVAC, heating units, and hot water heaters.

                                      10
<PAGE>

                   Exhibit A to Second Consent and Amendment
                   ---------

                                 SCHEDULE 6.9
                                    (Debt)

In addition to the Revolving Loans under the Credit Agreement with Bank of
America, N.A. as Agent, to be made on the Closing Date, the Borrower and its
Subsidiaries have the debt evidenced by the following items:

GFSI, Inc.
----------

       o  Promissory Note with the City of Chillicothe, Missouri dated
          January 15, 2002 for $50,000.

       o  Promissory Note between GFSI, Inc. and N. W. Development Corporation,
          Inc. dated March 12, 2002 for $250,000, and related Loan Agreement.

       o  Promissory Note between GFSI, Inc. and Farmers Electric Cooperative,
          Inc. dated September 23, 2002 for $450,000, and related Security
          Agreement, Loan Agreement and other documents.

       o  Promissory Note between GFSI, Inc. and the City of Bedford dated
          April 28, 1998 for $300,000 and constituting a Forgivable Loan;
          CEBA Department of Economic Development Loan Number 98-PRO-07.

       o  Promissory Note between GFSI, Inc. and the City of Bedford, Iowa
          dated June 1, 1998 for $553,000.00.

       o  Industrial New Jobs Training Agreement between Southwestern
          Community College, Creston, Iowa and GFSI, Inc. dated May 11, 1999
          relating to $420,000 Southwestern Community College, Creston, Iowa
          Industrial New Jobs Training Certificates (GFSI, Inc. Project
          Series 1999).

       o  Series A & B 9 5/8% Senior Subordinated Notes in the principal
          amount of $125,000,000 due 2007, issued pursuant to the Indenture
          dated February 27, 1997, between GFSI, Inc. and Fleet National
          Bank, as Trustee, as amended by the First Supplemental Indenture
          dated as of June 22, 2001, and by the Second Supplemental
          Indenture dated as of February 28, 2002 and by the Third
          Supplemental Indenture dated as of June 11, 2002 (the "GFSI
          Indenture").

       o  Series A & B 9 5/8% Senior Subordinated Notes in the principal
          amount of $9,900,000 due 2007, issued pursuant to the Indenture

                                      11
<PAGE>

          dated December 31, 2002, between GFSI, Inc. and State Street Bank
          and Trust Company, as Trustee (the "New GFSI Indenture").

       o  Capital Lease or purchase money debt related to the Financing
          Statement between GFSI, Inc. as debtor and Iowa Department of
          Economic Development Bureau of Business Finance as secured party,
          filed with the county Recorder, Taylor County, Iowa for four (4)
          embroidery machines described therein.

       o  Debt under the following additional capital leases (and we
          understand that obligations under operating leases are not Debt):

               -Raymond Leasing Corporation--Forklifts lease
               -GE Capital Corporation--Screen print machine lease
               -GE Capital Corporation--Lease on 6 four-head embroidery
               machines
               -GE Capital Corporation-Lease for IBM 7017-S80RS6000 Enterprise
               Server

Event 1, Inc.
-------------

       o  Subsidiary Guarantee by Event 1, Inc. and Second Supplemental
          Indenture dated as of February 28, 2002 pursuant to the GFSI
          Indenture, and the Subsidiary Guarantee by Event 1, Inc. pursuant to
          the New GFSI Indenture.

CC Products, Inc.
----------------

       o  Subsidiary Guarantee by CC Products, Inc. and First Supplemental
          Indenture dated as of June 22, 2001 pursuant to the
          GFSI Indenture, and the Subsidiary Guarantee by CC Products, Inc.
          pursuant to the New GFSI Indenture.

GFSI Canada Company
-------------------

       o  Subsidiary Guarantee by GFSI Canada Company and Third
          Supplemental Indenture dated as of June 11, 2002 pursuant to
          the GFSI Indenture, and the Subsidiary Guarantee by GFSI
          Canada Company pursuant to the New GFSI Indenture.

                                      12
<PAGE>

GFSI Holdings, Inc.
-------------------

       o  Series A&B 11 3/8% Senior Discount Notes Indenture due 2009,
          with State Street Bank and Trust Company as trustee, issued by
          GFSI Holdings, Inc. and dated September 17, 1997 with an
          accreted balance of $76,086,944 as of June 29, 2001; as
          amended by the First Supplemental Indenture dated as of
          October 11, 1999.

In addition, Borrower and its Subsidiaries have obligations under the leases
referred to on Schedule 6.11. Borrower and its Subsidiaries also have
obligations, indemnities and contingent obligations under license agreements,
operating leases, purchase money security agreements and other agreements
entered into in the ordinary course of business; the Licensing Agreements
described on Schedule 6.12; and the material agreements described on Schedule
6.26.

                                      13
<PAGE>

                                  SCHEDULE 6.11

                              (Real Estate; Leases)

Owned Real Estate
-----------------

The following Real Estate is owned by GFSI, Inc.:

         o        9700 Commerce Parkway
                  Lenexa, Kansas 66219

         o        1500 Industrial Avenue
                  Bedford, Iowa 50833

         o     591 East Business Highway 36, Chillicothe, Missouri 64601

The following Real Estate is owned by Borrower's Subsidiaries:

         o         [None]

Leased/ Subleased Real Estate
-----------------------------

The Borrower and/or its Subsidiaries have entered into the following Leases as
the lessee of the real property as defined in each instrument:

         o        Lease between Meritex, Inc. and GFSI, Inc. d/b/a Event 1 dated
                  January 23, 2002 for property located in Meritex/ Lenexa
                  Executive Park, 17501 West 98th St. No. 18-59, Lenexa, Kansas
                  (Lease will expire on February 28, 2005 unless parties
                  negotiate an earlier termination.)

         o        Lease between Meritex Logistics and GFSI, Inc. d/b/a GEAR for
                  Sports, dated July 29, 2002 for property located in Meritex/
                  Lenexa Executive Park, 17501 West 98th St. No. 30-55, Lenexa,
                  Kansas (Lease will expire on November 30, 2004 unless parties
                  negotiate an earlier termination.)

         o        Lease Agreement between KPERS Realty Holding #1, Inc. d/b/a
                  Kansas Commerce Center and Winning Ways, Inc. dated October
                  1993, as amended by the First Amendment to Lease dated June
                  19, 1997, as further amended by the Second Amendment to Lease
                  dated August 11, 2000, as further amended by that Third
                  Amendment to Lease dated as of June 1, 2001 for retail space
                  located at 9550 Lackman in Lenexa, Kansas

         o        Lease Agreement between Crow-Spaulding #4, L.L.C. and GFSI,
                  Inc., dated August ___, 2003 for property located at
                  9700 Lackman, Lenexa, Kansas

                                      14
<PAGE>

         o        Commercial Lease between Lackman-Lenexa, 110, L.L.C. and GFSI,
                  Inc., dated August ___, 2003 for property located 16002 W.
                  110th St., Lenexa, Kansas (Leased until January 31, 2004
                  unless parties negotiate an earlier termination.)

         o        Lease Agreement between KPERS Realty Holding No. 1 d/b/a
                  Kansas Commerce Center and GFSI, Inc., dated June 1, 2001 for
                  warehouse space at 9801 Commerce Parkway, Lenexa, Kansas
                  (Leased until May 14, 2004 unless parties negotiate an earlier
                  termination.)

         o        Commercial Lease between 145 Associates , Ltd and GFSI, Inc.,
                  for retail space at 409 Park Lane, Chillicothe, Missouri
                  dated August _____, 2002

Also, GFSI Canada Company has occupancy rights for certain warehouse space under
a Management Agreement with Fletcher Leisure Group, Inc.

In addition, the Borrower and/or Event 1, Inc. may enter into short term leases
in connection with an "Event" as defined in the Security Agreement.

Leased Personal Property
------------------------

The Borrower is a party to the following operating leases:

                  -GE Capital Corporation--Lease on Lenexa buildings phone
                   systems
                  -Xerox Docucolor 2060 - DC2060P
                  -Xerox DC2060/45 Rip - DC2000Z18

o       See Financing Statement with GFSI, Inc. as debtor and General Electric
Capital Corporation as secured party; UCC #3079442 filed January 14, 2000 for
a Sprint Phone System as described therein.

o       See Financing Statement with GFSI, Inc. as debtor and General Electric
Capital Corporation as secured party; UCC #3079441 filed January 14, 2000 for a
Sprint Phone System as described therein.

That property held under any of the Capital Leases listed or described on
Schedule 6.9.

                                      15
<PAGE>

                                 SCHEDULE 6.16

                             (Environmental Laws)

Disclosure of all conditions, matters and other information described or
referred to in the Phase I Environmental Site Assessments each dated January 17,
2002 prepared by Terracon for the following properties owned or leased by
Borrower:

         o      1500 Industrial Avenue, Bedford, Taylor County, Iowa
         o      16002 West 110th Street, Lenexa, Johnson County, Kansas
         o      9700 Commerce Parkway, Lenexa, Johnson County, Kansas

Disclosure of all conditions, matters and other information described or
referred to in the Phase I Environmental Site Assessment dated April 4, 2002
prepared by Terracon for the property located at 591 East Business Highway 36,
Chillicothe, Missouri. In addition to the matters, conditions and other
information described or referred to in this Environmental Site Assessment,
there is an underground storage tank at this facility which is used to store
mineral spirits.

Disclosure of all conditions, matters and other information described or
referred to in the Phase I Environmental Site Assessment dated July 25, 2003
prepared by Geosystems/Kleinfelder for the property located at 9700 Lackman,
Lenexa, Kansas.

These five Environmental Site Assessments are incorporated herein by reference.

                                      16
<PAGE>

                   Exhibit B to Second Consent and Amendment
                   ---------

                                  SCHEDULE IA

                                      to
                              SECURITY AGREEMENT

                            LOCATION OF COLLATERAL
                            ----------------------

                                  GFSI, INC.

A.       Location of Chief Executive Office

                  9700 Commerce Parkway
                  Lenexa, Kansas 66219

B.       Location of Books and Records

                  9700 Commerce Parkway
                  Lenexa, Kansas 66219

C.       Locations of Collateral required to be listed under Section 4(a)
         of the Security Agreement.

         Owned Locations:
         ----------------

         9700 Commerce Parkway                        1500 Industrial Avenue
         Lenexa, Kansas 66219                         Bedford, Iowa  50833

         591 East Business Highway 36
         Chillicothe, Missouri 64601

         Leased Locations:
         -----------------

         9801 Commerce Parkway                        9550 Lackman
         Lenexa, Kansas 66219                         Lenexa, Kansas 66219
         (Leased until May 14, 2004 unless
         parties negotiate an earlier termination.)

         9700 Lackman                                 16002 W. 110th St.
         Lenexa, Kansas 66219                         Lenexa, Kansas 66219
                                                      (Leased until January 31,
         17501 West 98th St., No. 18-59               2004 unless parties
         an Lenexa, Kansas 66219                      negotiate earlier
         (Leased until November 30, 2004              termination.)
         unless parties negotiate an earlier
         termination.)                                409 Park Lane
                                                      Chillicothe, Missouri 6601

                                      17
<PAGE>

         Subcontractor Locations:
         -----------------------

         Impact Design                                 Fina Creations
         301 E. Kansas Avenue                          2325 N. 44th Street
         Lansing, KS  66043                            Kansas City, KS  66104

         Kansas Custom Embroidery, Inc.                Millennium
         1705 Industrial Park Rd.                      14026 W. 107th Street
         Paola, KS  66071                              Lenexa, KS  66104

         Impact Design - Yikes
         3063 W. 800 South
         Bunker Hill, IN  46914

         Collateral may from time to time be located at Events or at other
         warehouse, leased or subcontractor locations allowed by the terms of
         the Security Agreement and/or the Credit Agreement. Collateral may also
         from time to time be in-transit.

         Minimal amounts of Collateral may from time to time be located at
         salespeople's addresses.

D. Locations of all other places of business required to be listed under
   Section 4(a) of the Security Agreement.

           [None]

E. Location of leased facilities and name of lessor/sublessor

           9801 Commerce Parkway
           Lenexa, Kansas 66219
           (Leased from  KPERS Realty Holding No. 1 d/b/a Kansas
           Commerce Center until May 14, 2004 unless parties negotiate an
           earlier termination.)

           9550 Lackman
           Lenexa, Kansas
           (Leased from KPERS Realty Holding No. 1 d/b/a Kansas Commerce Center)

           9700 Lackman
           Lenexa, Kansas  66219
           (Leased from Crow-Spaulding #4, L.L.C)

           17501 West 98th St. No. 30-55
           Lenexa, Kansas 66219

                                      18
<PAGE>

           (Leased from Meritex Logistics until November 30, 2004 unless
           parties negotiate an earlier termination.)

           16002 W. 110th St.
           Lenexa, Kansas 66219
           (Leased from Lackman-Lenexa, 110, L.L.C. until January 31,
           2004 unless parties negotiate an earlier termination.)

           409 Park Lane
           Chillicothe, Missouri
           (Leased from 145 Associates Ltd., as of August _____, 2002
           for one year.)

                                      19
<PAGE>

                   Exhibit C to Second Consent and Amendment
                   ---------
                                  SCHEDULE IB
                                      to
                              SECURITY AGREEMENT

                            LOCATION OF COLLATERAL
                            ----------------------

                                 EVENT 1, INC.
                                 ------------

A.       Location of Chief Executive Office

                  9700 Commerce Parkway
                  Lenexa, Kansas 66219

B.       Location of Books and Records

                  9700 Commerce Parkway
                  Lenexa, Kansas 66219

C.       Locations of Collateral required to be listed under Section 4(a) of the
         Security Agreement.

         Owned Locations:

         9700 Commerce Parkway
         Lenexa, Kansas 66219
         (Owned By GFSI, Inc.)

         Leased Locations:

         9550 Lackman                                  9700 Lackman
         Lenexa, Kansas 66219                          Lenexa, Kansas 66219
         (Leased by GFSI, Inc.)                        (Leased by GFSI, Inc.)

         17501 West 98th St., No. 18-59                16002 W. 110th St.
         Lenexa, Kansas  66219                         Lenexa, Kansas 66219
         (Leased by GFSI, Inc. until February 28,      (Leased by GFSI, Inc.
         2005 unless parties negotiate an earlier      January 31, 2004 unless
         termination.)                                 the parties negotiate an
                                                       earlier termination.)

         409 Park Lane
         Chillicothe, Missouri 64601
         (Leased from 145 Associates Ltd.,
         as of August ____, 2002 for one year.)

                                      20
<PAGE>

         Collateral may from time to time be located at Events or at other
         warehouse, leased or subcontractor locations allowed by the terms of
         the Security Agreement and/or the Credit Agreement. Collateral may also
         from time to time be in-transit.

               Minimal amounts of Collateral may from time to time be located
               at salespeople's addresses.

D.       Location of all other places of business required to be
         listed under Section 4(a) of the Security Agreement.

         [None]

E.       Location of leased facilities and name of lessor/sublessor

              17501 West 98th St. No. 18-59
              Lenexa, Kansas 66219
              (Leased from Meritex, Inc. by GFSI, Inc. until
              February 28, 2005 unless parties negotiate an earlier
              termination.)

              9550 Lackman
              Lenexa, Kansas 66219
              (Leased from KPERS Realty Holding No. 1 d/b/a Kansas Commerce
              Center by GFSI, Inc.)

              9700 Lackman
              Lenexa, Kansas  66219
              (Leased from Crow-Spaulding #4, L.L.C. by GFSI, Inc.)

              16002 W. 110th St.
              Lenexa, Kansas 66219
              (Leased from Lackman-Lenexa, 110, L.L.C. by GFSI, Inc. until
              January 31, 2004 unless parties negotiate an earlier termination.)

              409 Park Lane
              Chillicothe, Missouri 64601
              (Leased from 145 Associates Ltd., as of August ___, 2002 for one
              year.)

                                      21
<PAGE>

                   Exhibit D to Second Consent and Amendment
                   ---------
                                  SCHEDULE IC
                                  -----------
                                      to
                              SECURITY AGREEMENT

                            LOCATION OF COLLATERAL
                            ----------------------

                               CC PRODUCTS, INC.
                               -----------------

A.       Location of Chief Executive Office

                  9700 Commerce Parkway
                  Lenexa, Kansas 66219

B.       Location of Books and Records

                  9700 Commerce Parkway
                  Lenexa, Kansas 66219

C.       Locations of Collateral required to be listed under Section 4(a) of
         the Security Agreement.

                  9700 Commerce Parkway
                  Lenexa, Kansas 66219
                  (Owned By GFSI, Inc.)

         Collateral may from time to time be located at the other locations
         listed in subpart C on Schedule 1A above.

         Collateral may from time to time be located at Events or at other
         warehouse, leased or subcontractor locations allowed by the terms of
         the Security Agreement and/or the Credit Agreement. Collateral may also
         from time to time be in-transit.

                  Minimal amounts of Collateral may from time to time be
                  located at salespeople's addresses.

D.       Location of all other places of business required to be listed under
         Section 4(a) of the Security Agreement.

         [None]

E.       Location of leased facilities and name of lessor/sublessor

         [None]

                                      22
<PAGE>

                           Reaffirmation of Guaranty

         The undersigned Guarantor acknowledges receipt of a copy of this Second
Consent and Amentment, and reaffirms the Guaranty dated March 28, 2002 between
GFSI Holdings, Inc. and Agent.

                                   GFSI Holdings, Inc.

                                   By:    /s/ Larry Graveel
                                         -----------------------
                                   Name:  Larry Graveel
                                   Title: President

                                      23

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}]]