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Exhibit 10.17    
    

 
 

AMENDMENT NO. 3 TO SECOND AMENDED
  AND RESTATED LOAN AND SECURITY AGREEMENT    
    

        Amendment
No. 3, dated as of October 14, 2004, by and among Congress Financial Corporation, in its capacity as agent (in such capacity, "Agent") acting for and on behalf of
Lenders (as hereinafter defined), Atlantic Express Transportation Corp. a New York corporation ("AETC"), Amboy Bus Co., Inc., a New York corporation ("Amboy"), Atlantic Express
Coachways, Inc., a New Jersey corporation ("Coachways"), Atlantic Express of L.A., Inc. a California corporation ("AELA"), Atlantic Express of Missouri Inc,. a Missouri corporation ("AE
Missouri"), Atlantic Express of New Jersey, Inc., a New Jersey corporation ("AENJ"), Atlantic Express of Pennsylvania, Inc., a Delaware corporation ("AEP"), Atlantic-Hudson, Inc.
a New York corporation ("AH"), Atlantic Paratrans, Inc. a New York corporation ("AP"), Atlantic Paratrans of NYC, Inc. a New York corporation ("APNY"), Atlantic Queens Bus Corp. a New
York corporation ("AQ"), Block 7932, Inc. a New York corporation ("Block"), Brookfield Transit Inc., a New York corporation ("Brookfield"), Courtesy Bus Co., Inc., a New York
corporation ("Courtesy"), G.V.D. Leasing Co., Inc. a New York corporation ("GVD"), 180 Jamaica Corp. a New York corporation ("Jamaica"), Merit Transportation Corp. a New York corporation
("Merit"), Metro Affiliates, Inc., a New York corporation ("Metro"), Metropolitan Escort Service, Inc. a New York corporation ("Escort"), Midway Leasing Inc. a New York
corporation ("Midway"), Staten Island Bus, Inc. a New York corporation ("SI-Bus"), Temporary Transit Service, Inc. a New York corporation ("TTS"), 201 West Sotello
Realty, Inc. a California corporation ("Sotello"), Wrightholm Bus Line, Inc. a Vermont corporation ("Wrightholm"), Jersey Business Land Co., Inc., a New Jersey corporation
("JBL"), Atlantic Transit Corp. a New York corporation ("ATC"), Airport Services, Inc. a Massachusetts corporation ("Airport"), Atlantic Express New England, Inc. a
Massachusetts corporation ("AE-NE"), Atlantic Express of California, Inc. a California corporation ("AE-CA"), Atlantic Express of Illinois, Inc. an Illinois
corporation ("AE-I"), Atlantic Paratrans of Arizona, Inc. an Arizona corporation ("AP-AZ"), Fiore Bus Service, Inc. a Massachusetts corporation ("Fiore"), Groom
Transportation, Inc. a Massachusetts corporation ("Groom"), James McCarthy Limo Service, Inc. a Massachusetts corporation ("Limo"), K. Corr, Inc. a New York corporation ("Corr"),
McIntire Transportation, Inc. a Massachusetts corporation ("McIntire"), Mountain Transit, Inc. a Vermont corporation ("Mountain"), Jersey Business Land Co., Inc. a New Jersey
corporation (JBL"), R. Fiore Bus Service, Inc. a Massachusetts corporation ("FBS"), Raybern Bus Service, Inc. a New York corporation ("RBS"), Raybern Capital Corp. a New
York corporation ("RBC"), Raybern Equity Corp. a New York corporation ("REC"), Robert L. McCarthy & Son, Inc. a Massachusetts corporation
("McCarthy"), T-NT Bus Service, Inc., a New York corporation ("TNT"), Transcomm, Inc., a Massachusetts corporation ("Transcomm") and Winsale, Inc., a New Jersey
corporation ("Winsale", and together with AETC, Coachways, Amboy, AELA, AE Missouri, AENJ, AEP, AP, APNY, AQ, Block, Brookfield, Courtesy, GVD, Jamaica, Merit, Metro, Escort, Midway,
SI-Bus, TTS, Sotello, Wrightholm, ATC, Airport, AE-NE, AE-CA, AE-I, AP-AZ, Fiore, Groom, Limo, Corr, McIntire, Mountain, JBL, FBS, RBS, RBC,
REC, McCarthy, TNT, and Transcomm, each individually a "Borrower" and collectively, "Borrowers"), and Central New York Reorganization Corp. (f/k/a Central New York Coach Sales &
Service, Inc.), a New York corporation ("Central"), Jersey Bus Sales, Inc., a New Jersey corporation ("Jersey" and together with Central, each individually a "Guarantor" and
collectively, "Guarantors"). 

 
W I T N E S S E T H: 

        WHEREAS,
Agent, Lenders, Borrowers and Guarantors have entered into financing arrangements pursuant to which Agent and Lenders may make loans and advances and provide other financial
accommodations to Borrowers as set forth in the Second Amended and Restated Loan and Security Agreement, dated as of April 22, 2004, by and among Agent, Borrowers, Guarantors and the financial
institutions from time to time parties thereto as lenders ("Lenders"), whether by execution thereof or of an Assignment and Acceptance, as amended by Amendment No. 1 to Second Amended and
Restated Loan and Security Agreement, dated as of June 14, 2004, by and among Borrowers, Guarantors, Agent and Lenders, as amended by Amendment No. 2 to Second Amended and Restated Loan
and Security Agreement, dated as of September 15, 2004, by and among Borrowers, Guarantors, Agent and Lenders,(as amended hereby and as the same may hereafter be further amended, modified,
supplemented, extended, renewed, restated or replaced the "Loan Agreement", and together with all agreements, documents and instruments at any time executed and/or delivered in connection therewith or
related thereto, as from time to time amended, modified, supplemented, extended, renewed, restated or replaced, collectively, the "Financing Agreements"). All capitalized terms used herein shall have
the meanings assigned thereto in the Loan Agreement and the other Financing Agreements, unless otherwise defined herein; 

        WHEREAS,
Borrowers have requested that Agent and Lenders make certain amendments to the Loan Agreement and Agent and Lenders are willing to agree to such requests, subject to the terms
and conditions contained herein; and 

        WHEREAS,
by this Amendment No. 3, Agent, Lenders, Borrowers and Guarantors wish and intend to evidence such amendments. 

        NOW,
THEREFORE, in consideration of the foregoing and the mutual agreements and covenants contained herein, the parties hereto agree as follows: 

        1.    Additional Definitions.    As used herein, the following terms shall have the respective meanings given to them
below: 

        (a)   "Amendment
No. 3" shall mean this Amendment No. 3 to Second Amended and Restated Loan and Security Agreement, as the same now exists or may hereafter be
amended, modified, supplemented, extended, renewed, restated or replaced. 

        (b)   "Junior
Participant" shall have the meaning set forth in the Junior Participation Agreement. 

        (c)   "Junior
Participation" shall mean the amount of the Junior Participation purchased by Junior Participants from Lender pursuant to the Junior Participation Agreement. 

        (d)   "Junior
Participation Agreement" shall mean the Junior Participation Agreement between Congress, GSCP II Holdings (AE), L.L.C. and GSC Recovery II, L.P., Junior
Participants, dated as of date hereof. 

        (e)   "Supplemental
Loan Interest Rate" shall mean, a rate equal to twelve (12%) percent per annum. 

        (f)    "Supplemental
Loan Limit" shall mean an amount not to exceed $3,500,000, as such amount may be permanently reduced by payments pursuant to Section 4(a) of
Amendment No. 3 through and including the Supplemental Loan Termination Date and zero at all times thereafter. 

        (g)   "Supplemental
Loans" shall mean the loans made by Congress to or for the benefit of Borrowers as set forth in Section 4 of Amendment No. 3. 

2

 

        (h)   "Supplemental
Loan Termination Date" shall mean the earlier of (a) the date of repayment of the Supplemental Loan pursuant to the terms of Section 4 hereof
or the Termination Date as set forth in Section 13.1.of the Loan Agreement. 

        2.    Amendment to Definitions.    All references to the term "Loans" in the Loan Agreement and the other Financing
Agreements shall be deemed and each such reference is hereby amended to include, in addition and not in limitation, the Supplemental Loans. 

        3.    Interpretation.    For purposes of this Amendment No. 3, unless otherwise defined herein, all terms used
herein, including, but not limited to, those terms used and/or defined in the recitals above, shall have the respective meanings assigned to such terms in the Loan Agreement. 

        4.    Supplemental Loans.    

        (a)   In
addition to the Revolving Loans which may be made by Lenders to Borrowers pursuant to Section 2.1 of the Loan Agreement, Congress, as Lender shall make a
supplemental loan to Borrowers in an amount equal to $3,500,000. Interest shall be payable monthly on the Supplemental Loan at the Supplemental Loan Interest Rate. Agent may, at its option, apply
payments in respect of the Loans received by Agent, to the Supplemental Loan or the Loans other than the Supplemental Loan or any of the other Obligations in such order and manner as Agent shall from
time to time determine. Notwithstanding the foregoing, Congress shall, upon one (1) days notice to Agent, be entitled to receive payment of any amount equal to the outstanding principal balance
of the Supplemental Loan and accrued and unpaid interest thereon at the Supplemental Loan Interest Rate, conditioned upon the following being satisfied: 

        (i)    the
Borrowers average Excess Availability for the Business Days included in the thirty (30) day period immediately prior to the date of repayment of the
Supplemental Loan, and the Excess Availability for each of the three (3) Business Days immediately prior to the date of repayment of the Junior Participation or portion thereof, is not less
than $5,000,000; and 

        (ii)   No
Event of Default exists under the Loan Agreement. 

Borrowers
authorize Agent, upon satisfaction of the foregoing conditions to make a Revolving Loan in the amount necessary to repay the Supplemental Loan without further notice to Borrowers and
authorize Agent to charge the loan account of Borrowers therefor. 

        (b)   Except
in Agent's discretion, Borrowers shall not have any right to request, and Lenders shall not make, any Supplemental Loans in excess of the Supplemental Loan Limit
as then in effect or at any time on or after the Supplemental Loan Termination Date. 

        (c)   The
Supplemental Loan shall be secured by all Collateral and shall bear interest at the Supplemental Loan Interest Rate. Interest shall accrue and be due and payable in
respect of the Supplemental Loan in accordance with Section 3.1 (d) of the Loan Agreement. 

        (d)   Unless
sooner demanded by the Agent or Lenders in accordance with terms of the Loan Agreement or the other Financing Agreements, all outstanding and unpaid Obligations
arising pursuant to the Supplemental Loan (including, but not limited to, principal, interest, fees, costs, expenses and other charges in respect thereof payable by Borrowers to Lenders) shall
automatically, without notice or demand, be absolutely and unconditionally due and payable and Borrowers shall pay to Agent for the benefit of Congress Financial Corporation and Lenders in cash or
other immediately available funds all such Obligations, on the Supplemental Loan Termination Date. 

        (e)   Borrowers
acknowledge and agree that, notwithstanding anything to the contrary contained in the Loan Agreement or the other Financing Agreements, the failure of
Borrowers to pay all of the Obligations arising pursuant to the Supplemental Loans on the Supplemental Loan Termination Date, shall constitute an Event of Default. 

3

 

        5.    Conditions Precedent.    The effectiveness of Amendment No. 3 is further conditioned upon the
satisfaction of each of the following conditions precedent in a manner satisfactory to Agent and Lenders: 

        (a)   No
Event of Default, or act, condition or event which with notice or passage of time or both would constitute an Event of Default shall exist or have occurred; 

        (b)   Congress
shall have received an original of the Junior Participation Agreement, duly authorized, executed and delivered by the Junior Participants in form and substance
satisfactory to Congress; 

        (c)   Congress
shall have received the amount of the Junior Participation purchased by the Junior Participants pursuant to the Junior Participation Agreement; and 

        (d)   Agent
shall have received an original of this Amendment No. 3 duly authorized, executed and delivered by the parties hereto. 

        6.    Additional Representations, Warranties and Covenants.    Borrowers represent, warrants and covenant with and to
Agent and Lenders as follows, which representations, warranties and covenants are continuing and shall survive the execution and delivery hereof, and the truth and accuracy of, or compliance with
each, together with the representations, warranties and covenants in the other Financing Agreements, being a continuing condition of the making of Loans by Agent to Borrowers: 

        (i)    No
Event of Default or act, condition or event which with notice or passage of time or both would constitute an Event of Default exists or has occurred as of the date of
this Amendment No. 3 (after giving effect to the amendments to the Financing Agreements made by this Amendment No. 3); and 

        (ii)   This
Amendment No. 3 has been duly executed and delivered by Borrowers and is in full force and effect as of the date hereof and the agreements and obligations
of Borrowers contained herein constitute legal, valid and binding obligations of such Borrower enforceable against such Borrower in accordance with their respective terms. 

        7.    Miscellaneous.    

        (a)    Entire Agreement; Ratification and Confirmation of the Financing Agreements.    This Amendment No. 3
contains the entire agreement of the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous term sheets, proposals, discussions, negotiations, correspondence,
commitments and communications between or among the parties concerning the subject matter hereof. This Amendment No. 3 may not be modified or any provision waived, except in writing signed by
the party against whom such modification or waiver is sought to be enforced. Except for those provisions specifically modified or waived pursuant hereto,, the Financing Agreements are hereby ratified,
restated and confirmed by the parties hereto as of the effective date hereof. To the extent of conflict between the terms of this Amendment No. 3 and the Financing Agreements, the terms of this
Amendment No. 3 shall control. 

        8.    Governing Law.    This Amendment No. 3 and the rights and obligations hereunder of each of the parties
hereto shall be governed by and interpreted and determined in accordance with the internal laws of the State of New York, without regard to principles of conflicts of law. 

        9.    Binding Effect.    This Amendment No. 3 shall be binding upon and inure to the benefit of each of the
parties hereto and their respective successors and assigns. 

        10.    Counterparts.    This Amendment No. 3 may be executed in any number of counterparts, but all of such
counterparts shall together constitute but one and the same agreement. In making proof of this Amendment No. 3 it shall not be necessary to produce or account for more than one counterpart
thereof signed by each of the parties hereto. 

        11.    Headings.    The headings listed herein are for convenience only and do not constitute matters to be construed
in interpreting this Amendment No. 3. 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK] 

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        IN
WITNESS WHEREOF, Agent, Lenders, Borrowers and Guarantors have caused these presents to be duly executed as of the day and year first above written. 

	 	 	BORROWERS
	

 	
 	

Atlantic Express Transportation Corp.

Amboy Bus Co., Inc.

Atlantic Express Coachways, Inc.

Atlantic Express of L.A. Inc.

Atlantic Express of Missouri Inc.

Atlantic Express of New Jersey, Inc.

Atlantic Express of Pennsylvania, Inc.

Atlantic-Hudson, Inc.

Atlantic Paratrans, Inc.

Atlantic Paratrans of NYC, Inc.

Atlantic Queens Bus Corp.

Block 7932, Inc.

Brookfield Transit Inc.

Courtesy Bus Co., Inc.

Jersey Business Land Co., Inc.

G.V.D. Leasing Co., Inc.

180 Jamaica Corp.

Merit Transportation Corp.

Metro Affiliates, Inc.

Metropolitan Escort Service, Inc.

Midway Leasing Inc.

Staten Island Bus, Inc.

Temporary Transit Service, Inc.

201 West Sotello Realty, Inc.

Wrightholm Bus Line, Inc.

Atlantic Transit Corp.

Airport Services, Inc.

Atlantic Express New England, Inc.

Atlantic Express of California, Inc.

Atlantic Express of Illinois, Inc.

Atlantic Paratrans of Arizona, Inc.

Fiore Bus Service, Inc.

Groom Transportation, Inc.

James McCarty Limo Service, Inc.

K. Corr, Inc.

McIntire Transportation, Inc.

Mountain Transit, Inc.

R. Fiore Bus Service, Inc.

Raybern Bus Service, Inc.

[SIGNATURES CONTINUED ON FOLLOWING PAGE] 

5

 
[SIGNATURES
CONTINUED FROM PREVIOUS PAGE] 

	 	 	Raybern Capital Corp.

Raybern Equity Corp.

Robert L. McCarthy & Son, Inc.

T-NT Bus Service, Inc.

Transcomm, Inc.

Winsale, Inc.
	

 	
 	

By:	

/s/ Domenic Gatto

	

 	
 	

Title:	

President

	GUARANTORS
	

JERSEY BUS SALES, INC.
	

By:	

/s/ Domenic Gatto
	
 	

 
	

Title:	

President
	
 	

 
	

CENTRAL NEW YORK REORGANIZATION CORP.
	

By:	

/s/ Domenic Gatto
	
 	

 
	

Title:	

President
	
 	

 
	
AGENT
	

CONGRESS FINANCIAL CORPORATION
	

By:	

/s/ Herb Korn
	
 	

 
	

Title:	

Vice President
	
 	

 
	
LENDER
	

CONGRESS FINANCIAL CORPORATION
	

By:	

/s/ Herb Korn
	
 	

 
	

Title:	

Vice President
	
 	

 

6

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Exhibit 10.17

AMENDMENT NO. 3 TO SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT<Page>
                                                                 EXHIBIT 10.29.1

           OMNIBUS CONSENT AND AMENDMENT TO SECURITYHOLDERS AGREEMENT,
          REGISTRATION RIGHTS AGREEMENT, SENIOR MANAGEMENT AGREEMENTS
                          AND UNIT PURCHASE AGREEMENT

         This Omnibus Consent and Amendment to Securityholders Agreement,
Registration Rights Agreement, Senior Management Agreements and Unit Purchase
Agreement (this "CONSENT AND AMENDMENT"), dated as of July 6, 2004, is entered
into by and among Prestige Brands International Holdings, LLC (f/k/a
Medtech/Denorex, LLC), a Delaware limited liability company (the "COMPANY"),
Prestige Brands, Inc., a Delaware corporation ("EMPLOYER"), GTCR Fund VIII,
L.P., a Delaware limited partnership ("GTCR FUND VIII"), GTCR Fund VIII/B, L.P.,
a Delaware limited partnership ("GTCR FUND VIII/B"), GTCR Co-Invest II, L.P., a
Delaware limited partnership ("GTCR CO-INVEST" and together with GTCR Fund VIII
and GTCR Fund VIII/B, the "GTCR PURCHASERS"), GTCR Capital Partners, L.P., a
Delaware limited partnership ("GTCR CAPITAL PARTNERS" and together with the GTCR
Purchasers, the "GTCR Investors"), each of TCW/Crescent Mezzanine Partners III,
L.P., a Delaware limited partnership, TCW/Crescent Mezzanine Trust III, a
Delaware business trust, and TCW/Crescent Mezzanine Partners III Netherlands,
L.P., a Delaware limited partnership (collectively, the "TCW/CRESCENT
PURCHASERS"), Prestige Preferred Holdings, LLC, a Delaware limited liability
company ("HOLDINGS"), Peter C. Mann, Peter J. Anderson, Gerard F. Butler,
Michael A. Fink, Eric M. Millar, David Talbert and Steven Kornhauser
(collectively, the "MANAGEMENT INVESTORS").

         WHEREAS, on February 6, 2004, the Company indirectly acquired all of
the outstanding shares of capital stock of Medtech Holdings, Inc., a Delaware
corporation, and The Denorex Company, a Delaware corporation, and on April 6,
2004, the Company indirectly acquired all of the outstanding shares of capital
stock of Bonita Bay Holdings, Inc., a Virginia corporation and ultimate parent
of Prestige Brands International, Inc. (collectively, the "MEDTECH AND PRESTIGE
TRANSACTIONS");

         WHEREAS, pursuant to certain Transaction Documents (as defined below),
in connection with the consummation of the Medtech and Prestige Transactions,
the Company issued Class B Preferred Units of the Company ("COMPANY CLASS B
PREFERRED UNITS") to the GTCR Investors, the TCW/Crescent Purchasers and the
Management Investors (each, a "UNITHOLDER" and, collectively, the "UNITHOLDERS")
and entered into a number of the Transaction Documents for the purpose, among
others, of setting forth certain of the rights and obligations of certain of the
Unitholders in their capacity as a member and securityholder of the Company;

         WHEREAS, each Unitholder desires to contribute (the "CONTRIBUTION") to
Holdings all of such Unitholder's Company Class B Preferred Units in exchange
for Class B Preferred Units of Holdings ("HOLDINGS CLASS B PREFERRED UNITS"), on
the terms and conditions set forth in the Limited Liability Company Agreement of
Holdings, dated as of the date hereof (the "HOLDINGS LLC AGREEMENT");

         WHEREAS, the undersigned, in order to facilitate the Contribution
(among other reasons), have agreed to amend the Transaction Documents in the
manner set forth below; and

         WHEREAS, the undersigned desire to make certain other acknowledgments
with respect to the Transaction Documents and to acknowledge and reaffirm the
other terms and provisions of the Transactions Documents.

<Page>

         NOW, THEREFORE, the undersigned, intending to be legally bound, hereby
agree as follows:

1.       Reference is hereby made to the following agreements:

         A.       Each Senior Management Agreement, dated as of February 6, 2004
                  (as amended by a First Amendment and Acknowledgment to Senior
                  Management Agreement, dated as of March 5, 2004, and a Second
                  Amendment and Acknowledgment to Senior Management Agreement,
                  dated as of April 6, 2004), by and among the Company, Employer
                  and, as the case may be, Peter C. Mann, Peter J. Anderson,
                  Gerard F. Butler or Michael A. Fink (collectively, the
                  "INITIAL SENIOR MANAGEMENT AGREEMENTS");

         B.       The Senior Management Agreement, dated as of March 17, 2004
                  (as amended by a First Amendment and Acknowledgment to Senior
                  Management Agreement, dated as of April 6, 2004), by and among
                  the Company, Employer and Eric M. Millar (the "MILLAR SENIOR
                  MANAGEMENT AGREEMENT");

         C.       The Senior Management Agreement (Co-Investment: Cash), dated
                  as of April 6, 2004, by and among the Company and Steven
                  Kornhauser (the "KORNHAUSER CASH SENIOR MANAGEMENT
                  AGREEMENT");

         D.       The Senior Management Agreement (Co-Investment: Rollover),
                  dated as of April 6, 2004, by and among the Company and Steven
                  Kornhauser (the "KORNHAUSER ROLLOVER SENIOR MANAGEMENT
                  AGREEMENT");

         E.       The Senior Management Agreement (Co-Investment: Rollover),
                  dated as of April 6, 2004, by and among the Company and David
                  Talbert (the "TALBERT ROLLOVER SENIOR MANAGEMENT AGREEMENT"
                  and, together with the Initial Senior Management Agreements,
                  the Millar Senior Management Agreement, the Kornhauser Cash
                  Senior Management Agreement and the Kornhauser Rollover Senior
                  Management Agreement, the "SENIOR MANAGEMENT AGREEMENTS");

         F.       The Unit Purchase Agreement, dated as of February 6, 2004 (as
                  amended by a First Amendment, Acknowledgment and Supplement to
                  Unit Purchase Agreement, dated as of April 6, 2004, and a
                  Second Amendment, Acknowledgment and Supplement to Unit
                  Purchase Agreement, dated as of April 6, 2004), among the GTCR
                  Investors, the TCW/Crescent Purchasers and the Company (the
                  "GTCR PURCHASE AGREEMENT");

         G.       The Securityholders Agreement, dated as of February 6, 2004
                  (as amended by a First Amendment and Acknowledgment to
                  Securityholders Agreement, dated as of April 6, 2004), by and
                  among the Company and certain of its securityholders (the
                  "SECURITYHOLDERS AGREEMENT"); and

         H.       The Registration Rights Agreement, dated as of February 6,
                  2004 (as amended by a First Amendment and Acknowledgment to
                  Registration Rights Agreement, dated as of April 6, 2004), by
                  and among the Company and certain of its

                                       2
<Page>

                  securityholders (the "REGISTRATION AGREEMENT" and, together
                  with each of the agreements referenced above, the "TRANSACTION
                  DOCUMENTS").

2.       Each of the undersigned acknowledges and agrees that he, she or it has
         received a copy of each of the Transaction Documents (excluding, with
         respect to any Management Investor, any Senior Management Agreement
         that does not pertain to such Management Investor) and the Holdings LLC
         Agreement and that such party has had ample opportunity to review each
         such document or retain counsel to review each such document and to ask
         questions and receive answers concerning the terms and conditions of
         the Transaction Documents and the Holdings LLC Agreement, as well as
         this Consent and Amendment. Each of the undersigned acknowledges and
         agrees that this Consent and Amendment, the Transaction Documents and
         the Holdings LLC Agreement are interrelated and, when taken together,
         determine significant rights and obligations of the undersigned with
         respect to his, her or its status as a member and securityholder of the
         Company and Holdings (with respect to both the Medtech and Prestige
         Transactions and subsequent transactions).

3.       Each of the undersigned acknowledges that he, she or it understands the
         effects of the amendments to the Transaction Documents implemented by
         this Consent and Amendment and hereby consents to each such amendment
         and the formation of Holdings (including, without limitation, the
         Contribution), and hereby waives any rights he, she or it may otherwise
         have under any of the Transaction Documents with respect to such
         transactions. The foregoing consent and waiver is expressly limited as
         follows: (a) such consent is limited solely to the amendments to the
         Transaction Documents described herein and the formation of Holdings
         (including, without limitation, the Contribution) pursuant to the terms
         and conditions hereof and the Holdings LLC Agreement, as in effect on
         the date hereof, and (b) such consent is a limited one-time consent,
         and nothing contained herein shall obligate any of the undersigned to
         grant any additional or future consent or waiver with respect to any
         term or condition of any Transaction Document.

4.       Each of the undersigned acknowledges and agrees that each of the
         Transaction Documents (other than the GTCR Purchase Agreement) is
         hereby amended such that each reference therein to Company Class B
         Preferred Units shall instead be a reference to Holdings Class B
         Preferred Units issued pursuant to the Holdings LLC Agreement.

5.       Each of the undersigned hereby acknowledges and agrees that, for
         purposes of Sections 3 and 4 only of the GTCR Purchase Agreement, the
         definitions of "Investor Preferred," "Majority Holders," "Restricted
         Securities" and "Securities" are hereby amended such that each
         reference therein to Company Class B Preferred Units shall instead be a
         reference to Holdings Class B Preferred Units issued pursuant to the
         Holdings LLC Agreement.

6.       Each of the undersigned hereby acknowledges and agrees that Section
         3.C. of the GTCR Purchase Agreement (Restrictions) is hereby
         supplemented such that Holdings shall not, without the prior written
         consent of the Majority Holders, take any action with respect to itself
         that the Company is prohibited from taking with respect to itself
         pursuant to the terms of Section 3.C. of the GTCR Purchase Agreement.

                                       3

<Page>

7.       This Consent and Amendment may be executed in any number of
         counterparts (including by means of facsimiled signature pages), which
         shall together constitute one and the same instrument.

                                   * * * * * *

                                       4

<Page>

         IN WITNESS WHEREOF, the parties hereto have executed this Consent and
Amendment on the date first written above.

                                PRESTIGE INTERNATIONAL HOLDINGS, LLC

                                By:      /s/ PETER C. MANN
                                         ----------------------------------
                                Name:    PETER C. MANN
                                Title:   CHIEF EXECUTIVE OFFICER

                                PRESTIGE BRANDS, INC.

                                By:      /s/ PETER C. MANN
                                         ----------------------------------
                                Name:    PETER C. MANN
                                Title:   CHIEF EXECUTIVE OFFICER

                                GTCR FUND VIII, L.P.

                                By:      GTCR Partners VIII, L.P.
                                Its:     General Partner

                                By:      GTCR Golder Rauner II, L.L.C.
                                Its:     General Partner

                                By:      /s/ DAVID A. DONNINI
                                         ----------------------------------
                                Name:    David A. Donnini
                                Its:     Principal

                                GTCR FUND VIII/B, L.P.

                                By:      GTCR Partners VIII, L.P.
                                Its:     General Partner

                                By:      GTCR Golder Rauner II, L.L.C.
                                Its:     General Partner

                                By:      /s/ DAVID A. DONNINI
                                         ----------------------------------
                                Name:    David A. Donnini
                                Its:     Principal

  SIGNATURE PAGE TO OMNIBUS CONSENT AND AMENDMENT TO SECURITYHOLDERS AGREEMENT,
          REGISTRATION RIGHTS AGREEMENT, SENIOR MANAGEMENT AGREEMENTS
                          AND UNIT PURCHASE AGREEMENT

<Page>

                                GTCR CO-INVEST II, L.P.

                                By:      GTCR Golder Rauner II, L.L.C.
                                Its:     General Partner

                                By:      /s/ DAVID A. DONNINI
                                         ----------------------------------
                                Name:    David A. Donnini
                                Its:     Principal

                                GTCR CAPITAL PARTNERS, L.P.

                                By:      GTCR Mezzanine Partners, L.P.
                                Its:     General Partner

                                By:      GTCR Partners VI, L.P.
                                Its:     General Partner

                                By:      GTCR Golder Rauner, L.L.C.
                                Its:     General Partner

                                By:      /s/ DAVID A. DONNINI
                                         ----------------------------------
                                Name:    David A. Donnini
                                Its:     Principal

                                TCW/CRESCENT MEZZANINE PARTNERS III, L.P.
                                TCW/CRESCENT MEZZANINE TRUST III
                                TCW/CRESCENT MEZZANINE PARTNERS III
                                NETHERLANDS, L.P.

                                By:      TCW/Crescent Mezzanine
                                         Management III, L.L.C.,
                                         its Investment Manager

                                By:      TCW Asset Management Company,
                                         its Sub-Advisor

                                By:      /s/ TIMOTHY P. COSTELLO
                                         ----------------------------------
                                Name:    Timothy P. Costello
                                Title:   Managing Director

  SIGNATURE PAGE TO OMNIBUS CONSENT AND AMENDMENT TO SECURITYHOLDERS AGREEMENT,
          REGISTRATION RIGHTS AGREEMENT, SENIOR MANAGEMENT AGREEMENTS
                          AND UNIT PURCHASE AGREEMENT

<Page>

                                PRESTIGE PREFERRED HOLDINGS, LLC

                                By:      /s/ PETER C. MANN
                                         ----------------------------------
                                Name:    PETER C. MANN
                                Title:   CHIEF EXECUTIVE OFFICER

                                         /s/ PETER C. MANN
                                         ----------------------------------
                                         Peter C. Mann

                                         /s/ PETER J. ANDERSON
                                         ----------------------------------
                                         Peter J. Anderson

                                         /s/ MICHAEL A. FINK
                                         ----------------------------------
                                         Michael A. Fink

                                         /s/ GERARD F. BUTLER
                                         ----------------------------------
                                         Gerard F. Butler

                                         /s/ ERIC M. MILLAR
                                         ----------------------------------
                                         Eric M. Millar

                                         /s/ DAVID TALBERT
                                         ----------------------------------
                                         David Talbert

                                         /s/ STEVEN KORNHAUSER
                                         ----------------------------------
                                         Steven Kornhauser

  SIGNATURE PAGE TO OMNIBUS CONSENT AND AMENDMENT TO SECURITYHOLDERS AGREEMENT,
          REGISTRATION RIGHTS AGREEMENT, SENIOR MANAGEMENT AGREEMENTS
                          AND UNIT PURCHASE AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00074-of-00352.parquet"}]]