Document:

Third Amendment to Senior Credit Facility

 Exhibit 10.1 
  
 EXECUTION COPY 
  
  
 AMENDMENT No. 3, CONSENT and RELEASE dated as of August 18,
2004 (this “Amendment”), to the Credit Agreement dated as of January 25, 2001, as amended by Amendment No. 1 and Agreement dated as of February 11, 2002 and Amendment No. 2 dated as of May 1, 2004 (the “Credit
Agreement”), among COLLINS & AIKMAN FLOORCOVERINGS, INC., a Delaware corporation (the “Borrower”), TANDUS GROUP, INC., a Virginia corporation formerly named CAF Holdings, Inc. (“Holdings”), the Lenders
(as defined therein) and CREDIT SUISSE FIRST BOSTON, as administrative agent (in such capacity, the “Administrative Agent”) and as a collateral agent (in such capacity, the “Collateral Agent”) for the Lenders.

  
 A. Pursuant to the Credit Agreement, the Lenders have
extended, and have agreed to extend, credit to the Borrower. 
  
 B. The Borrower has informed the Administrative Agent that its wholly owned Subsidiary, Monterey Carpets, Inc., a Delaware corporation and a Subsidiary Guarantor (“Monterey”), intends (i) to transfer (the “Crossley
Transfer”) fixed assets with an aggregate net book value (as of the end of June 2004) of approximately $2,500,000 to Crossley Carpet Mills Limited, a Nova Scotia limited company and a wholly owned Subsidiary (“Crossley”),
(ii) to dispose of and/or transfer to the Borrower substantially all of its other fixed assets (the “Monterey Disposition”), and (iii) to transfer all or substantially all of its accounts receivable, inventory and other liquid
current assets to the Borrower (the “Current Assets Transfer” and, together with the Crossley Transfer and the Monterey Disposition, the “Monterey Transactions”). 
  
 C. In connection with the Monterey Transactions, the Borrower has requested
that Monterey be released from its obligations as a Subsidiary Guarantor under the Subsidiary Guarantee Agreement and the Security Agreement and that certain amendments to the Credit Agreement be made as set forth herein. The Lenders are willing to
release Monterey and to amend the Credit Agreement on the terms and subject to the conditions set forth herein. 
  
 D. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Credit Agreement. 
  
 Accordingly, in consideration of the mutual agreements herein contained and
other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 
  
 SECTION 1. Consent and Release. (a) The Lenders hereby consent to the Monterey Transactions and hereby agree that no part of the Monterey
Transactions shall constitute an Asset Sale for any purpose of the Credit Agreement. The Lenders hereby authorize the Collateral Agent to release any and all Liens held by the Collateral Agent in or on the assets forming part of the Crossley
Transfer. 

 (b) Effective upon the Amendment No. 3 Effective Date (as defined below), the Lenders and the Collateral
Agent hereby release Monterey from all of its obligations as a Subsidiary Guarantor under the Subsidiary Guarantee Agreement and the Security Agreement and any other Loan Documents to which it is a party. 
  
 SECTION 2. Amendments. (a) Section 1.01 of the Credit Agreement is
hereby amended by inserting in the appropriate alphabetical order therein the following: 
  
 “Amendment No. 3” shall mean Amendment No. 3, Consent and Release dated as of August 18, 2004, among the Borrower,
Holdings, the Lenders, the Administrative Agent and the Collateral Agent, to this Agreement. 
  
 “Amendment No. 3 Effective Date” shall mean the date on which Amendment No. 3 becomes effective in accordance with its
terms. 
  
 “Crossley” shall mean
Crossley Carpet Mills Limited, a Nova Scotia limited company and a wholly owned Subsidiary. 
  
 (b) The definition of the term “Applicable Percentage” set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
  
 “Applicable Percentage” shall mean, for any
day, with respect to any Eurodollar Tranche B Term Loan, ABR Tranche B Term Loan, Eurodollar Tranche A Term Loan, Eurodollar Revolving Loan, ABR Tranche A Term Loan or ABR Revolving Loan, or with respect to the Commitment Fees, as the case may be,
the applicable percentage set forth below under the caption “Eurodollar Spread—Tranche B Term Loans”, “ABR Spread—Tranche B Term Loans”, “Eurodollar Spread—Tranche A Term Loans and Revolving Loans”,
“ABR Spread—Tranche A Term Loans and Revolving Loans” or “Commitment Fee Percentage”, as the case may be, based upon (a) the Senior Leverage Ratio, in the case of the Tranche B Term Loans, or (b) the Leverage Ratio, in all
other cases, in each case as of the relevant date of determination: 
  

										
	 	  	 Eurodollar
Spread—Tranche A
Term Loans and
 Revolving Loans

	 	 	ABR Spread—
Tranche A Term
Loans and
Revolving Loans

	 	 	Commitment
Fee Percentage

	 
	 Category 1
 Greater than 3.00 to 1.00
	  	3.25	%	 	2.25	%	 	0.500	%
	 Category 2
 Greater than 2.50 to 1.00 but less than or equal to 3.00 to 1.00
	  	3.00	%	 	2.00	%	 	0.500	%
	 Category 3
 Greater than 2.00 to 1.00 but less than or equal to 2.50 to 1.00
	  	2.75	%	 	1.75	%	 	0.500	%
	 Category 4
 Less than or equal to 2.00 to 1.00
	  	2.50	%	 	1.50	%	 	0.375	%

  

 2 

							
	 Senior Leverage Ratio

	  	 Eurodollar Spread—
 Tranche B Term Loans

	 	 	ABR Spread— Tranche B
Term Loans

	 
	 Greater than 1.50 to 1.00
	  	3.00	%	 	2.00	%
	 Less than or equal to 1.50 to 1.00
	  	2.75	%	 	1.75	%

  
 Each change in the
Applicable Percentage resulting from a change in the Leverage Ratio or the Senior Leverage Ratio, as the case may be, shall be effective with respect to all applicable Loans, Commitments and Letters of Credit outstanding on and after the date of
delivery to the Administrative Agent of the financial statements and certificates required by Section 5.04(a) or (b) and Section 5.04(d), respectively, indicating such change until the date immediately preceding the next date of delivery of such
financial statements and certificates indicating another such change. Notwithstanding the foregoing, (a) at any time during which the Borrower has failed to deliver the financial statements and certificates required by Section 5.04(a) or (b) and
Section 5.04(d), respectively, and such failure shall continue unremedied for a period of three Business Days, or (b) at any time after the occurrence and during the continuance of an Event of Default, each of the Leverage Ratio and the Senior
Leverage Ratio shall be deemed to be in Category 1 for purposes of determining the Applicable Percentage.” 
  
 (c) The definition of the term “Consolidated EBITDA” set forth in Section 1.01 of the Credit Agreement is hereby amended by inserting at the end
thereof the following: 
  
 “In addition, solely for purposes
of determining the Borrower’s compliance with Sections 6.11, 6.12 and 6.13, in determining Consolidated EBITDA for any period, there shall be added to Consolidated Net Income for such period (to the extent deducted in determining such
Consolidated Net Income) the amount of any fees, costs or other expenses in an aggregate amount not to exceed $10,000,000 incurred by the Borrower and its Subsidiaries in connection with Amendment No. 3 and in connection with the Monterey
Transactions (as defined therein), including plant closure and preparation costs, moving and reinstallation costs, severance costs and retention bonuses, integration costs and the fees and expenses of professional advisors.” 
  

 3 

 (d) Section 6.04(a) of the Credit Agreement is hereby amended and restated in its entirety to read as
follows: 
  
 “(a) (i) loans and investments
by Holdings, the Borrower and the Subsidiaries existing on the Amendment No. 3 Effective Date in or to the Borrower and the Subsidiaries, (ii) additional investments by Holdings, the Borrower or any of its Subsidiaries in the Equity Interests of the
Borrower or any of its Subsidiaries; provided that (A) any such Equity Interests held by a Loan Party shall be pledged pursuant to the Pledge Agreement (subject to the limitations applicable to voting stock of a Foreign Subsidiary referred to
in Section 4.02(e)) and (B) the aggregate amount of investments by Loan Parties in, and loans and advances by Loan Parties to, Subsidiaries that are not Loan Parties pursuant to this clause (ii)(B) shall not exceed the sum of $5,000,000 plus the Net
Cash Proceeds of Private Equity Issuances attributable thereto at any time outstanding, (iii) additional loans to or investments in Crossley in an aggregate amount at any time outstanding not in excess of $10,000,000 and (iv) the Monterey
Transactions (as defined in Amendment No. 3)” 
  
 SECTION 3.
Effectiveness. This Amendment shall become effective as of the date (the “Amendment Effective Date”) occurring on or prior to August 20, 2004, that the following conditions are satisfied: 
  
 (a) Monterey shall have completed the Current Assets
Transfer; and 
  
 (b) the Administrative Agent
shall have received counterparts of this Amendment that, when taken together, bear the signatures of (i) the Borrower, (ii) Holdings, (iii) the Subsidiary Guarantors and (iv) each Lender (after giving effect to any prior or concurrent assignment by
Lenders, whether pursuant to Section 2.21 of the Credit Agreement or otherwise). 
  
 SECTION 4. Effect of Amendment. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of
the Lenders, the Collateral Agent or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained
in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue 
  

 4 

 in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver,
amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment shall apply and be
effective only with respect to the provisions of the Credit Agreement specifically referred to herein. After the date hereof, any reference to the Credit Agreement shall mean the Credit Agreement, as modified hereby. This Amendment shall constitute
a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. 
  
 SECTION 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 delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same contract. Delivery of an executed counterpart of a signature page of this Amendment by facsimile
transmission shall be as effective as delivery of a manually executed counterpart hereof. 
  
 SECTION 6. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 SECTION 7. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or
otherwise affect the meaning hereof. 
  
 SECTION 8.
Expenses. The Borrower agrees to reimburse the Administrative Agent for all reasonable out-of-pocket expenses incurred in connection with this Amendment, including the reasonable fees, charges and disbursements of Cravath, Swaine & Moore
LLP, counsel for the Administrative Agent. 
  
 SECTION 9.
Acknowledgment of Guarantors. Each of the Guarantors hereby acknowledges receipt and notice of, and consents to the terms of, this Amendment. 
  

 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective
authorized officers as of the day and year first above written. 
  

			
	COLLINS & AIKMAN FLOORCOVERINGS, INC.,
		
	 by
	 	 /s/ Leonard F. Ferro

	 Name:
	 	 Leonard F. Ferro

	 Title:
	 	 CFO

  

			
	TANDUS GROUP, INC.,
		
	 by
	 	 /s/ Edgar M. Bridger

	 Name:
	 	 Edgar M. Bridger

	 Title:
	 	 CEO

  

			
	EACH OF THE SUBSIDIARY GUARANTORS LISTED ON SCHEDULE I HERETO,
		
	 by
	 	 /s/ Edgar M. Bridger

	 Name:
	 	 Edgar M. Bridger

	 Title:
	 	 CEO

  

			
	CREDIT SUISSE FIRST BOSTON, acting through its Cayman Islands Branch, individually, and as Administrative Agent and Collateral Agent,
		
	 by
	 	 /s/ Dana F. Klein

	 Name:
	 	 Dana F. Klein

	 Title:
	 	 Managing Director

			
		
	 by
	 	 /s/ S. William Fox

	 Name:
	 	 S. William Fox

	 Title:
	 	 Director

  

 6 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

					
	 Name of Lender: AMCO Insurance

			
	 	 	By:	 	 /s/ Thomas S. Leggett

	 	 	Name:	 	 Thomas S. Leggett

	 	 	Title:	 	 Associate Vice President

	 	 	 	 	 Public Bonds

  

 7 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

					
	Name of Lender: ANTARES CAPITAL CORPORATION
		
	By:	 	 /s/ David Mahon

	Name:	 	 David Mahon

	Title:	 	 Director

  

 8 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

					
	 Name of Lender: ANTARES FUNDING, L.P.

		
	 By:
	 	JP Morgan Chase Bank, as trustee of the Antares Funding Trust created under the Trust Agreement dated as of November 30, 1999.
		
	By:	 	 /s/ Leslie Hundley

	Name:	 	Leslie Hundley
	Title:	 	AVP

  

 9 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

							
	Name of Lender: The Governor and Company of the Bank of Ireland
			
	By:	 	 /s/ Sorka Kelly

	 	 /s/ Geraldine Hannon

	Name:	 	 Sorka Kelly
	 	 Geraldine Hannon

	Title:	 	 AUTHORISED SIGNATORIES

  

 10 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

					
	 Name of Lender: Bear Stearns Investment Products, Inc.

		
	By:	 	 /s/ John E. McDermott

	Name:	 	 John E. McDermott

	Title:	 	 Vice President

  

 11 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

					
	 Name of Lender: Black Diamond CLO 1998-1, Ltd.

		
	By:	 	 /s/ Alan Corkish

	Name:	 	 Alan Corkish

	Title:	 	 Director

  

 12 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

					
	Name of Lender: Black Diamond CLO 2000-1, Ltd.
			
	By:	 	 	 	 /s/ Alan Corkish

	Name:	 	 	 	 Alan Corkish

	Title:	 	 	 	 Director

  

 13 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	Name of Lender: Black Diamond International Funding, Ltd.
		
	 By:
	 	 /s/ Alan Corkish

	 Name:
	 	 Alan Corkish

	 Title:
	 	 Director

  

 14 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

					
	Name of Lender: BNP PARIBAS
			
	 By:
	 	 	 	 /s/ Eric Toizer

	 Name:
	 	 	 	 Eric Toizer

	 Title:
	 	 	 	 Managing Director

			
	 By:
	 	 	 	 /s/ Lee Buckner

	 Name:
	 	 	 	 Lee Buckner

	 Title:
	 	 	 	 Managing Director

  

 15 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

					
	Name of Lender: SANKATY ADVISORS, LLC AS COLLATERAL MANAGER FOR CASTLE HILL I-INGOTS, LTD., AS TERM LENDER
			
	 By:
	 	 	 	 /s/ Diane J. Exter

	 Name:
	 	 	 	 Diane J. Exter

	 Title:
	 	 	 	 Managing Director

	 	 	 	 	 Portfolio Manager

  

 16 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

					
	Name of Lender: SANKATY ADVISORS, LLC AS COLLATERAL MANAGER FOR CASTLE HILL II - INGOTS, LTD., AS TERM LENDER
			
	 By:
	 	 	 	 /s/ Diane J. Exter

	 Name:
	 	 	 	 Diane J. Exter

	 Title:
	 	 	 	 Managing Director

	 	 	 	 	 Portfolio Manager

  

 17 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

					
	Name of Lender: SANKATY ADVISORS, LLC AS COLLATERAL MANAGER FOR CASTLE HILL III CLO, Limited, as Term Lender
			
	 By:
	 	 	 	 /s/ Diane J. Exter

	 Name:
	 	 	 	 Diane J. Exter

	 Title:
	 	 	 	 Managing Director

	 	 	 	 	 Portfolio Manager

  

 18 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  
  

			
	 Name of Lender: Centurion CDO II, Ltd.

		
	 By:
	 	American Express Asset Management Group, Inc. as Collateral Manager
		
	 By:
	 	 /s/ Leanne Stavrakis

	 Name:
	 	 Leanne Stavrakis

	 Title:
	 	 Director - Operations

  

 19 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  
  

			
	 Name of Lender: Flagship CLO 2001-1

		
	 By:
	 	 Flagship Capital Mgt., Inc.

		
	 By:
	 	 /s/Colleen Connifer

	 Name:
	 	 Colleen Connifer

	 Title:
	 	 Director

  

 20 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  
  

			
	 Name of Lender: Fleet National Bank

		
	 By:
	 	 /s/ James W. Ford

	 Name:
	 	 James W. Ford

	 Title:
	 	 Managing Director

  

 21 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  
  

					
	Name of Lender: SunAmerica Life Insurance Company
			
	 by:
	 	 	 	 AIG Global Investment Corp.

	 	 	 as Investment Advisor

		
	 By:
	 	 /s/ Julie Bothamley

	 Name:
	 	 Julie Bothamley

	 Title:
	 	 Vice President

	
	 Name of Lender: Galaxy CLO 1999-1, Ltd.

		
	 By:
	 	 AIG Global Investment Corp.

	 	 	 	 	 As Collateral Manager

		
	 By:
	 	 /s/ Julie Bothamley

	 Name:
	 	 	 	 Julie Bothamley

	 Title:
	 	 Vice President

  

 22 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  
  

					
	Name of Lender: GENERAL ELECTRIC CAPITAL CORPORATION
		
	 By:
	 	 /s/ Brian P. Schwinn

	 Name:
	 	 Brian P. Schwinn

	 Title:
	 	 Duly Authorized Signatory

  

 23 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  
  

							
	Name of Lender: GMAC COMMERCIAL FINANCE LLC
				
	 	 	 	 	 By:
	 	 /s/ David Grabosky

	 	 	 	 	 Name:
	 	 David Grabosky

	 	 	 	 	 Title:
	 	 Vice President

  

 24 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  
  

			
	Name of Lender: Sankaty Advisors, LLC as Collateral Manager For Great Point CLO 1999-1 LTD., as Term Lender
		
	 By:
	 	 /s/ Diane J. Exter

	 Name:
	 	 Diane J. Exter

	 Title:
	 	 Managing Director

	 	 	 Portfolio Manager

  

 25 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: HARBOUR TOWN FUNDING LLC

		
	 By:
	 	 /s/ Meredith J. Koslick

	 Name:
	 	 Meredith J. Koslick

	 Title:
	 	 Assistant Vice President

  

 26 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: HELLER FINANCIAL INC.

		
	 By:
	 	 /s/ Brian P. Schwinn

	 Name:
	 	 Brian P. Schwinn

	 Title:
	 	 Duly Authorized Signatory

  

 27 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: KZH CYPRESSTREE – I LLC

		
	 By:
	 	 /s/ Hi Hua

	 Name:
	 	 Hi Hua

	 Title:
	 	 Authorized Agent

  

 28 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: KZH Soleil LLC

		
	 By:
	 	 /s/ Hi Hua

	 Name:
	 	 Hi Hua

	 Title:
	 	 Authorized Agent

  

 29 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: KZH Soleil – 2 LLC

		
	 By:
	 	 /s/ Hi Hua

	 Name:
	 	 Hi Hua

	 Title:
	 	 Authorized Agent

  

 30 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: KZH Sterling LLC

		
	 By:
	 	 /s/ Hi Hua

	 Name:
	 	 Hi Hua

	 Title:
	 	 Authorized Agent

  

 31 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: Magnatite Asset Investors III LLC

		
	 By:
	 	 /s/ Mark J. Williams

	 Name:
	 	 Mark J. Williams

	 Title:
	 	 Authorized Signatory

  

 32 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: NATIONAL CITY BANK

		
	 By:
	 	 /s/ Tony J. Daher

	 Name:
	 	 Tony J. Daher

	 Title:
	 	 Assist. Vice President

  

 33 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: Nationwide Indemnity Company

		
	 By:
	 	 /s/ Thomas S. Leggett

	 Name:
	 	 Thomas S. Leggett

	 Title:
	 	 Associate Vice President
Public Bonds

  

 34 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: Nationwide Life and Annuity Insurance Company

		
	 By:
	 	 /s/ Thomas S. Leggett

	 Name:
	 	 Thomas S. Leggett

	 Title:
	 	 Associate Vice President
Public Bonds

  

 35 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: Nationwide Life Insurance Company

		
	 By:
	 	 /s/ Thomas S. Leggett

	 Name:
	 	 Thomas S. Leggett

	 Title:
	 	 Associate Vice President
Public Bonds

  

 36 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: Nationwide Mutual Fire Insurance Company

		
	 By:
	 	 /s/ Thomas S. Leggett

	 Name:
	 	 Thomas S. Leggett

	 Title:
	 	 Associate Vice President
Public Bonds

  

 37 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: NOVA CDO 2001, LTD.

		
	 By:
	 	 /s/ David Mahon

	 Name:
	 	 David Mahon

	 Title:
	 	 Vice President

  

 38 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: Sankaty Advisors, LLC as Collateral Manager For Race Point CLO, Limited, as Term
Lender

		
	 By:
	 	 /s/ Diane J. Exter

	 Name:
	 	 Diane J. Exter

	 Title:
	 	 Managing Director
Portfolio Manager

  

 39 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: Sankaty Advisors, LLC as Collateral Manager For Race Point II CLO, Limited, as Term
Lender

		
	 By:
	 	 /s/ Diane J. Exter

	 Name:
	 	 Diane J. Exter

	 Title:
	 	 Managing Director
Portfolio Manager

  

 40 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: SEABOARD CLO 2000 LTD.
by: Babson Capital Management LLC as Collateral Manager

		
	 By:
	 	 /s/ David P. Wells, CFA

	 Name:
	 	 David P. Wells, CFA

	 Title:
	 	 Managing Director

  

 41 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: Sequils-Centurion V, Ltd.
by: American Express Asset Management Group as Collateral
Manager

		
	 By:
	 	 /s/ Leanne Stavrakis

	 Name:
	 	 Leanne Stavrakis

	 Title:
	 	 Director - Operations

  

 42 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: Toronto Dominion (New York), Inc.

		
	 By:
	 	 /s/ Gwen Zirkle

	 Name:
	 	 Gwen Zirkle

	 Title:
	 	 Vice President

  

 43 

 SIGNATURE PAGE TO 
 AMENDMENT NO. 3, CONSENT 
 AND RELEASE DATED AS OF 
 AUGUST 18, 2004, TO THE COLLINS & 
 AIKMAN FLOORCOVERINGS, INC. 
 CREDIT AGREEMENT DATED AS OF 
 JANUARY 25, 2001,
AS AMENDED 
  

			
	 Name of Lender: Wachovia Bank National Association

		
	 By:
	 	 /s/ Mark S. Supple

	 Name:
	 	 Mark S. Supple

	 Title:
	 	 Vice President

  

 44 

 Schedule I 
  
 SUBSIDIARY GUARANTORS 
  
 CAF Extrusion, Inc., a Delaware corporation 
 Monterey Color Systems, Inc., a
California corporationAmendment to License Agreement Michigan File 1509 Technology dated 02/17/2003

 EXHIBIT 10.15 
  
 Confidential Materials omitted and filed separately with the Securities and Exchange Commission. Asterisks denote such
omissions. 
  
 AMENDMENT TO “LICENSE AGREEMENT

 MICHIGAN FILE 1509 TECHNOLOGY” 
 BETWEEN 
 THE REGENTS OF THE UNIVERSITY OF MICHIGAN 
 AND INTRALASE CORP. 
  
 This Amendment to “License Agreement Michigan File 1509 Technology” (hereinafter “1509 License Agreement”) is made and entered into as
of this 23rd day of January 2003 (“Effective Date”), by and between the Regents of the University of Michigan, a constitutional corporation of the State of Michigan (“Michigan”), and IntraLase Corp., a Delaware corporation
(“Licensee”). 
  
 WHEREAS, Michigan and Licensee entered
into a “License Agreement Michigan File 939 Technology” (hereinafter “939 License Agreement”) effective as of December 16, 1997, pursuant to which Michigan agreed to license to Licensee certain patents, patent applications, and
technology as described in Michigan’s Office of Technology Transfer File No. 939 relating to the use of lasers for human health and human cosmetic applications; 
  
 WHEREAS, Michigan and Licensee entered into the 1509 License Agreement effective as of August 10, 1998, pursuant to which
Michigan agreed to include in the 939 License Agreement a license to certain patents, patent applications, and technology as described in Michigan’s Office of Technology Transfer File No. 1509 relating to the use of lasers for any and all uses;

  
 WHEREAS, Michigan and Licensee desire to modify certain
provisions of the 939 License Agreement and the 1509 License Agreement as provided herein; 
  
 NOW THEREFORE, for the consideration set forth below and other good and valuable consideration, the receipt and sufficiency of which are acknowledged by both parties, Michigan and Licensee hereby agree as follows:

  
 1. Paragraph 2.12 of the 939 License Agreement and Article 2
of the 1509 License Agreement shall be amended to exclude U.S. patent application 09/710,771 from the definition of TECHNOLOGY, except to the extent that any disclosed subject matter is otherwise included within the definition of TECHNOLOGY.

  
 2. Paragraph 2.3 of the 939 License Agreement shall be amended
to exclude U.S. patent application 09/710,771 from the definition of Licensed Patents. Licensee shall have no obligation to reimburse Michigan’s patent expenses with respect to U.S. patent application *** incurred after the Effective Date of
this Amendment. 
  
 3. This Amendment shall not affect the rights
granted to Licensee under U.S. Patent No. 6,146,375. 
  
 4. All
other provisions of the 939 License Agreement and the 1509 License Agreement shall remain in full force and effect. 
  
 5. In the event a conflict arises with respect to the interpretation of this Amendment, the provisions of the 939 License Agreement and 1509 License
Agreement shall control. 

 6. This Amendment, the 939 License Agreement, and the 1509 License Agreement contain the entire
understanding of the parties with respect to the subject matter contained herein. 
  
 7. This Amendment shall not be altered, modified, or amended except in a writing, said writing being executed by authorized officials of both parties hereto. 
  
 IN WITNESS WHEREOF, each of the parties has caused this Amendment to be
executed in duplicate originals by its duly authorized representative. 
  

									
	THE REGENTS OF THE UNIVERSITY OF MICHIGAN	 	 	 	INTRALASE, CORP.
					
	 By:
	 	 /s/    KENNETH J. NISBET

	 	 	 	 By:
	 	 /s/    RANDY ALEXANDER

	 	 	 Kenneth J. Nisbet
 Executive Director
 UM Technology Transfer
	 	 	 	 Name:
  
 Title:
	 	 Randy Alexander

 President

  

 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00071-of-00352.parquet"}]]