Document:

<Page>

                                                                     EXHIBIT 4.6

                           COLOR SPOT NURSERIES, INC.

                         REGISTRATION RIGHTS AGREEMENT

                               November 20, 2001

<Page>

                                TABLE OF CONTENTS
<Table>
<Caption>
                                                                                                               PAGE
<S>      <C>     <C>                                                                                           <C>
1.               REGISTRATION RIGHTS..............................................................................1
         1.1     DEFINITIONS......................................................................................1
         1.2     SHELF REGISTRATION...............................................................................2
         1.3     REQUEST FOR REGISTRATION.........................................................................3
         1.4     COMPANY REGISTRATION.............................................................................5
         1.5     [RESERVED].......................................................................................6
         1.6     OBLIGATIONS OF THE COMPANY.......................................................................6
         1.7     INFORMATION FROM HOLDER..........................................................................7
         1.8     EXPENSES OF REGISTRATION.........................................................................7
         1.9     INDEMNIFICATION..................................................................................7
         1.10    REPORTS UNDER SECURITIES EXCHANGE ACT OF 1934....................................................9
         1.11    ASSIGNMENT OF REGISTRATION RIGHTS...............................................................10
         1.12    LIMITATIONS ON SUBSEQUENT REGISTRATION RIGHTS...................................................10

2.               MISCELLANEOUS...................................................................................10
         2.1     SUCCESSORS AND ASSIGNS..........................................................................10
         2.2     GOVERNING LAW...................................................................................10
         2.3     COUNTERPARTS....................................................................................11
         2.4     TITLES AND SUBTITLES............................................................................11
         2.5     NOTICES.........................................................................................11
         2.6     EXPENSES........................................................................................11
         2.7     ENTIRE AGREEMENT: AMENDMENTS AND WAIVERS........................................................11
         2.8     SEVERABILITY....................................................................................11
         2.9     AGGREGATION OF STOCK............................................................................11
         2.10    REMEDIES........................................................................................11
         2.11    INTENDED BENEFICIARIES..........................................................................11
</Table>

                                       i

<Page>

                          REGISTRATION RIGHTS AGREEMENT

                  REGISTRATION RIGHTS AGREEMENT (the "AGREEMENT") is made as of
November ___, 2001, by and among Color Spot Nurseries, Inc., a Delaware
Corporation (the "COMPANY"), and the Holders (as defined below).

                                    RECITALS

                  This Agreement is made in connection with the exchange of the
Company's 10 1/2% Senior Subordinated Notes due 2007 for the Company's 13%
Senior Subordinated Notes due 2005 and Series B Preferred Stock issued by the
Company.

                  The Company has agreed to register for sale, by the Holders,
the 13% Senior Subordinated Notes due 2005 and the shares of Series B Preferred
Stock to be received by the Holders from the Company.

                  NOW THEREFORE, in consideration of the foregoing, the parties
hereby agree as follows:

1. REGISTRATION RIGHTS.  The Company covenants and agrees as follows:

         1.1 DEFINITIONS.  For purposes of this Agreement:

                  "1934 Act" means the Securities Exchange Act of 1934, as
amended.

                  "Act" means the Securities Act of 1933, as amended.

                  "Company" has the meaning assigned to it in the forepart of
this Agreement.

                  "Effectiveness Period" has the meaning assigned to it in
SECTION 1.2(a).

                  "Form S-3" means such form under the Act as in effect on the
date hereof or any registration form under the Act subsequently adopted by the
SEC that permits inclusion or incorporation of substantial information by
reference to other documents filed by the Company with the SEC.

                  "Holders" means the parties to this Agreement that are listed
on SCHEDULE A hereto and the successors and permitted assigns of the foregoing.
A "Holder" is any one of the foregoing.

                  "Indemnified Person" has the meaning assigned to it in SECTION
1.9(a).

                  "Initial Shelf Registration" has the meaning assigned to it in
SECTION 1.2(a).

<Page>

                  "Initiating Holders" has the meaning assigned to it in SECTION
1.3(a).

                  "Prospectus" means the prospectus included in any Registration
Statement (including, without limitation, any prospectus subject to completion
and a prospectus that includes any information previously omitted from a
prospectus filed as part of an effective registration statement in reliance upon
Rule 430A promulgated under the Act), as amended or supplemented by any
prospectus supplement, with respect to the terms of the offering of any portion
of the Registrable Securities covered by such Registration Statement, and all
other amendments and supplements to the Prospectus, including post-effective
amendments, and all material incorporated by reference or deemed to be
incorporated by reference in such Prospectus.

                  "Qualification Date" has the meaning assigned to it in
SECTION 1.2(a).

                  "Registrable Securities" means 13% Senior Subordinated Notes
due 2005 and the Series B Preferred Stock at any time owned, beneficially or of
record, by a Holder until (i) a Registration Statement covering such securities
has been declared effective by the SEC and such securities have been disposed of
in accordance with such effective Registration Statement, (ii) such securities
are sold in compliance with Rule 144 or (iii) such shares cease to be
outstanding.

                  "Registration Statement" means any registration statement of
the Company that covers any of the Registrable Securities pursuant to the
provisions of this Agreement, including the Prospectus, amendments and
supplements to such registration statement, including post-effective amendments,
all exhibits, and all material incorporated by reference or deemed to be
incorporated by reference in such registration statement.

                  "Rule 144" means Rule 144 under the Act, as such Rule may be
amended from time to time, or any similar rule (other than Rule 144A) or
regulation hereafter adopted by the SEC providing for offers and sales of
securities made in compliance therewith resulting in offers and sales by
subsequent holders that are not affiliates of an issuer of such securities being
free of the registration and prospectus delivery requirements of the Act.

                  "Rule 415" Rule 415 under the Act, as such Rule may be amended
from time to time, or any similar rule or regulation hereafter adopted by the
SEC.

                  "register," "registered," and "registration" refer to a
registration effected by preparing and filing a registration statement or
similar document in compliance with the Act, and the declaration or ordering of
effectiveness of such registration statement or document.

                  "SEC" means the Securities and Exchange Commission.

                  "Subsequent Shelf Registration" has the meaning assigned to
it in SECTION 1.2(b).

                  "Violation" has the meaning assigned to it in SECTION 1.9(a).

         1.2      SHELF REGISTRATION.

                  (a) INITIAL SHELF REGISTRATION. At such time as the Company is
permitted pursuant to the rules and regulations of the SEC to register the sale
or distribution of its

                                      2

<Page>

securities on Form S-3, the Company shall carefully prepare and file with the
SEC, as soon as practicable, but in no event later than 30 days following the
date that the Company becomes eligible to use such form (the "QUALIFICATION
DATE"), a Registration Statement for an offering to be made on a continuous
basis pursuant to Rule 415 covering all of the Registrable Securities then
outstanding (the "INITIAL SHELF REGISTRATION"). The Company shall not permit
any securities other than the Registrable Securities to be included in the
Initial Shelf Registration or any Subsequent Shelf Registration. No Holder
may include any of its Registrable Securities in any Shelf Registration
pursuant to this Agreement unless and until such Holder furnishes to the
Company in writing, within 15 business days after receipt of a request
therefor, such information as the Company may reasonably request for use in
connection with any Shelf Registration or Prospectus or preliminary
prospectus included therein. Each Holder as to which any Shelf Registration
is being effected agrees to furnish promptly to the Company all information
to be disclosed in order to make the information previously furnished to the
Company by such Holder not materially misleading. The Company shall use its
commercially reasonable best efforts to cause the Initial Shelf Registration
to be declared effective under the Act as soon as practical after the
Qualification Date and to keep the Initial Shelf Registration continuously
effective under the Act until the fifth anniversary of the Qualification Date
(the "EFFECTIVENESS PERIOD"), or such shorter period ending when (i) all
Registrable Securities covered by the Initial Shelf Registration have been
sold in the manner set forth and as contemplated in the Initial Shelf
Registration or (ii) a Subsequent Shelf Registration covering all of the
Registrable Securities has been declared effective under the Act.

                  (b) SUBSEQUENT SHELF REGISTRATIONS. If the Initial Shelf
Registration or any Subsequent Shelf Registration ceases to be effective for any
reason at any time during the Effectiveness Period (other than because of the
sale of all of the securities registered thereunder), the Company shall use its
best efforts to obtain the prompt withdrawal of any order suspending the
effectiveness thereof, and in any event shall within 30 days of such cessation
of effectiveness amend the Shelf Registration in a manner reasonably expected to
obtain the withdrawal of the order suspending the effectiveness thereof, or file
an additional Registration Statement pursuant to Rule 415 covering all of the
Registrable Securities required to have been included in the Initial Shelf
Registration (a "SUBSEQUENT SHELF REGISTRATION"). If a Subsequent Shelf
Registration is filed, the Company shall use its commercially reasonable best
efforts to cause the Subsequent Shelf Registration to be declared effective as
soon as practicable after such filing and to keep such Registration Statement
continuously effective for a period equal to the number of days in the
Effectiveness Period less the aggregate number of days during which the Initial
Shelf Registration or any Subsequent Shelf Registration was previously
continuously effective. As used herein the term, "Shelf Registration" means the
Initial Shelf Registration and any Subsequent Shelf Registration.

                  (c) SUPPLEMENTS AND AMENDMENTS. The Company shall promptly
supplement and amend the Shelf Registration if required by the rules,
regulations or instructions applicable to the registration form used for such
Shelf Registration, if required by the Act, or if requested by the holders of a
majority in aggregate principal amount of the Registrable Securities covered by
such Registration Statement or by any underwriter of such Registrable
Securities.

         1.3      REQUEST FOR REGISTRATION.

                                     3

<Page>

                  (a) Subject to the conditions of this SECTION 1.3, if the
Company has not caused the Initial Shelf Registration to be declared effective
on or prior to the first anniversary of this Agreement or a Shelf Registration
ceases to be effective for a period of fifteen (15) business days or more for
any reason at any time during the Effectiveness Period, the Holders shall be
entitled to request that the Company file a Registration Statement under the Act
covering the registration of the Registrable Securities then outstanding.
Holders of Registrable Securities representing at least 50% of the aggregate
principal amount and liquidation preference of the Registrable Securities (the
"INITIATING HOLDERS") may request that the Company file a Registration Statement
under the Act covering the registration of Registrable Securities by delivering
written notice to the Company, and the Company shall then, within ten (10) days
of the receipt thereof, give written notice of such request to all Holders, and,
subject to the limitations of this SECTION 1.3, use its commercially reasonable
best efforts to effect as soon as possible the registration under the Act of all
Registrable Securities that the Holders request to be registered in a written
request received by the Company within twenty (20) days of the mailing of the
Company's notice pursuant to this SECTION 1.3(a). No securities other than
Registrable Securities shall be included, in any such registration.

                  (b) To the extent that any such registration relates to an
underwritten offering of Registrable Securities the right of any Holder to
include its Registrable Securities in such registration shall be conditioned
upon such Holder's participation in such underwriting and the inclusion of such
Holder's Registrable Securities in the underwriting (unless otherwise mutually
agreed by a majority in interest of the Initiating Holders and such Holder) to
the extent provided herein. All Holders proposing to distribute their securities
through such underwriting shall enter into an underwriting agreement in
customary form with the underwriter or underwriters selected for such
underwriting by the Company (which underwriter or underwriters shall be
reasonably acceptable to a majority in interest of the Initiating Holders).
Notwithstanding any other provision of this SECTION 1.3, if the underwriter
advises the Company that marketing factors require a limitation of the number of
securities underwritten (including Registrable Securities), then the Company
shall so advise all Holders of Registrable Securities that would otherwise be
underwritten pursuant hereto, and the number of Registrable Securities that may
be included in the underwriting shall be allocated to the Holders of the
Registrable Securities on a pro rata basis based on the number of Registrable
Securities held by all such Holders who have elected to participate (including
the Initiating Holders); PROVIDED, that if any Holder who has elected to
participate in the offering does not request inclusion of the maximum number of
shares of Registrable Securities allocated to such Holder pursuant to the
above-described procedure, the remaining portion of such Holder's allocation
shall be reallocated among those participating Holders whose pro rata
allocations have not satisfied their requests to participate in the offering,
with such re-allocation based on the number of shares of Registrable Securities
that are held by such Holders, and this procedure shall be repeated until all of
the shares of Registrable Securities that may be included in the registration on
behalf of the Holders have been so allocated. Any Registrable Securities
excluded or withdrawn from such underwriting shall be withdrawn from the
registration.

                  (c) The Company shall not be required to effect a registration
pursuant to this SECTION 1.3:

                                     4

<Page>

                           (i) after the Company has effected three (3)
         registrations pursuant to this SECTION 1.3, and such registrations have
         been declared or ordered effective, shall remain effective for at least
         the period of time provided in SECTION 1.6(a) hereof, and no stop order
         shall have been issued with respect thereto; or

                           (ii) during the period starting with the date thirty
         (30) days prior to the Company's good faith estimate of the date of the
         filing of, and ending on a date ninety (90) days (or, in the case of an
         underwritten offering, one hundred eighty (180) days) following the
         effective date of, a Company-initiated registration subject to SECTION
         1.4 below, PROVIDED that the Company is actively employing in good
         faith all commercially reasonable best efforts to cause such
         registration statement to become effective; or

         1.4      COMPANY REGISTRATION.

                  (a) If (but without any obligation to do so) at any time the
Company proposes to register (including for this purpose a registration effected
by the Company for stockholders other than the Holders) any of its capital stock
or other securities under the Act in connection with the public offering of such
securities (excluding a registration relating solely to the sale of securities
to participants in a Company compensatory stock plan, a registration relating to
a corporate reorganization or other transaction under Rule 145 of the Act), the
Company shall, at such time, give each Holder written notice of such
registration at least 30 days prior to filing any registration under the Act.
Upon the written request of each Holder given within ten (10) days of such
notice by the Company in accordance with SECTION 2.5, the Company shall, subject
to the provisions of SECTION 1.4(c), use all commercially reasonable best
efforts to cause to be registered under the Act all of the Registrable
Securities that each such Holder has requested to be registered.

                  (b) RIGHT TO TERMINATE REGISTRATION. The Company shall have
the right to terminate or withdraw any registration initiated by it under this
SECTION 1.4 prior to the effectiveness of such registration whether or not any
Holder has elected to include securities in such registration. The expenses of
such withdrawn registration shall be borne by the Company in accordance with
SECTION 1.8 hereof.

                  (c) UNDERWRITING REQUIREMENTS. In connection with any offering
involving an underwriting of shares of the Company's capital stock, the Company
shall not be required under this SECTION 1.4 to include any of the Holders'
securities in such underwriting unless they accept the terms of the underwriting
as agreed upon between the Company and the underwriters selected by it (or by
other persons entitled to select the underwriters) and enter into an
underwriting agreement in customary form with an underwriter or underwriters
selected by the Company, and then only in such quantity as the underwriters
determine in their sole discretion will not jeopardize the success of the
offering by the Company. If the total amount of securities, including
Registrable Securities, requested by stockholders to be included in such
offering exceeds the amount of securities sold other than by the Company that
the underwriters determine in their sole discretion is compatible with the
success of the offering, then the Company shall be required to include in the
offering only that number of such securities, including Registrable Securities,
that the underwriters determine in their sole discretion will not jeopardize the
success of the offering (the securities so included to be apportioned pro rata
among the selling Holders

                                     5

<Page>

according to the total amount of securities entitled to be included therein
owned by each selling Holder or in such other proportions as shall mutually
be agreed by such selling Holders), but in no event shall the number of
Registrable Securities proposed to be included in such offering be reduced
unless the number of the Company's securities to be included in such offering
by all other holders shall have been reduced to zero.

         1.5  [RESERVED]

         1.6  OBLIGATIONS OF THE COMPANY. Whenever required under this
SECTION 1 to effect the registration of any Registrable Securities, the
Company shall, as expeditiously as reasonably possible:

                  (a) with respect to any registration under SECTION 1.3 or
1.4, prepare and file with the SEC a Registration Statement with respect to
such Registrable Securities and use all reasonable efforts to cause such
registration statement to become effective, and, upon the request of the
Holders of a majority of the Registrable Securities registered thereunder,
keep such registration statement effective for a period of up to one hundred
twenty (120) days or, if earlier, until the distribution contemplated in the
Registration Statement has been completed;

                  (b) with respect to any registration under SECTION 1.3 or
1.4, prepare and file with the SEC such amendments and supplements to such
Registration Statement and the prospectus used in connection with such
registration statement as may be necessary to comply with the provisions of
the Act with respect to the disposition of all securities covered by such
registration statement;

                  (c) furnish to the Holders such numbers of copies of a
prospectus, including a preliminary prospectus, in conformity with the
requirements of the Act, and such other documents as they may reasonably
request in order to facilitate the disposition of Registrable Securities
owned by them;

                  (d) use all reasonable efforts to register and qualify the
securities covered by such registration statement under such other securities
or Blue Sky laws of such jurisdictions as shall be reasonably requested by
the Holders, provided that the Company shall not be required in connection
therewith or as a condition thereto to qualify to do business or to file a
general consent to service of process in any such states or jurisdictions;

                  (e) in the event of any underwritten public offering, enter
into and perform its obligations under an underwriting agreement, in usual
and customary form, with the managing underwriter of such offering;

                  (f) notify each Holder of Registrable Securities covered by
such registration statement at any time when a prospectus relating thereto is
required to be delivered under the Act of the happening of any event as a
result of which the prospectus included in such registration statement, as
then in effect, includes an untrue statement of a material fact or omits to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading in the light of the circumstances then
existing and, at the request of the majority of such Holders, the Company
shall as promptly as possible prepare a supplement or amendment to such
prospectus so that, as thereafter delivered to the purchasers of such
Registrable Securities,

                                     6

<Page>

such prospectus shall not contain an untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to
make the statements therein not misleading;

                  (g) cause all such Registrable Securities registered pursuant
hereunder to be listed on each securities exchange on which similar securities
issued by the Company are then listed and, if not so listed, to be listed on the
Nasdaq Stock Market if eligible for listing thereon;

                  (h) make available all financial and other records, pertinent
corporate documents and properties of the Company for inspection by any seller
of Registrable Securities, any underwriter participating in any disposition
pursuant to such registration statement and any attorney, accountant or other
agent retained by any such seller or underwriter, and cause the Company's
officers, directors, employees and independent accountants to supply all
information reasonably requested by any such seller, underwriter, attorney,
accountant or agent in connection with such registration statement, in each case
subject to the requirement that recipients execute appropriate confidentiality
agreements; and

                  (i) provide a transfer agent and registrar for all Registrable
Securities registered pursuant hereunder and a CUSIP number for all such
Registrable Securities, in each case not later than the effective date of such
registration.

         1.7 INFORMATION FROM HOLDER. It shall be a condition precedent to the
obligations of the Company to take any action pursuant to this SECTION 1 with
respect to the Registrable Securities of any selling Holder that such Holder
shall furnish to the Company such information regarding itself, the Registrable
Securities held by it, and the intended method of disposition of such securities
as shall be required to effect the registration of such Holder's Registrable
Securities.

         1.8 EXPENSES OF REGISTRATION. All expenses (other than underwriting
discounts and commissions) incurred in connection with registrations, filings
or qualifications pursuant to SECTIONS 1.2, 1.3 and 1.4, including, without
limitation, all registration, filing and qualification fees, printers' and
accounting fees, fees and disbursements of counsel for the Company and the
reasonable fees and disbursements of one counsel for the selling Holders,
shall be borne by the Company.

         1.9 INDEMNIFICATION. In the event any Registrable Securities are
included in a registration statement under this SECTION 1:

                  (a) To the extent permitted by law, the Company will indemnify
and hold harmless each Holder, the partners or officers, directors and
stockholders of each Holder, legal counsel and accountants for each Holder, any
underwriter (as defined in the Act) for such Holder and each person, if any, who
controls such Holder or underwriter within the meaning of the Act or the 1934
Act (each an "INDEMNIFIED PERSON"), against any losses, claims, damages or
liabilities (joint or several) or expenses to which they may become subject
under the Act, the 1934 Act or any state securities laws, or other federal or
state law insofar as such losses, claims, damages, or liabilities (or actions in
respect thereof) or expenses arise out of or are based upon any of the following
statements, omissions or violations (each, a "VIOLATION"): (i) any untrue

                                     7

<Page>

statement or alleged untrue statement of a material fact contained in such
registration statement, including any preliminary prospectus or final
prospectus contained therein or any amendments or supplements thereto, (ii)
the omission or alleged omission to state therein a material fact required to
be stated therein, or necessary to make the statements therein not
misleading, or (iii) any violation or alleged violation by the Company of the
Act, the 1934 Act, any federal or state securities laws or any rule or
regulation promulgated under the Act, the 1934 Act or any federal or state
securities laws or other federal or state laws; and the Company will
reimburse each Indemnified Person for any legal or other expenses reasonably
incurred by them, as incurred, in connection with investigating or defending
any such loss, claim, damage, liability or action; PROVIDED, HOWEVER, that
the indemnity agreement contained in this SECTION 1.9(a) shall not apply to
amounts paid in settlement of any such loss, claim, damage, liability or
action if such settlement is effected without the consent of the Company
(which consent shall not be unreasonably withheld or delayed), nor shall the
Company be liable in any such case for any such loss, claim, damage,
liability or action to the extent that it arises out of or is based upon a
Violation that occurs in reliance upon and in conformity with written
information furnished expressly for use in connection with such registration
by any Indemnified Person; PROVIDED FURTHER, HOWEVER, that the foregoing
indemnity agreement with respect to any preliminary prospectus shall not
inure to the benefit of any Indemnified Person, from whom the person
asserting any such losses, claims, damages or liabilities purchased shares in
the offering, if a copy of the prospectus (as then amended or supplemented if
the Company shall have furnished any amendments or supplements thereto) was
not sent or given by or on behalf of such Holder or underwriter to such
person, if required by law so to have been delivered, at or prior to the
written confirmation of the sale of the shares to such person, and if the
prospectus (as so amended or supplemented) would have cured the defect giving
rise to such loss, claim, damage or liability.

                  (b) To the extent permitted by law, each selling Holder will
indemnify and hold harmless the Company, each of its directors, each of its
officers who signed the registration statement, each person, if any, who
controls the Company within the meaning of the Act, legal counsel and
accountants for the Company, any underwriter, any other Holder selling
securities in such registration statement and any controlling person of any such
underwriter or other Holder, against any losses, claims, damages or liabilities
(joint or several) or expenses to which any of the foregoing persons may become
subject, under the Act, the 1934 Act or any federal or state securities laws or
any other federal or state laws, insofar as such losses, claims, damages or
liabilities (or actions in respect thereto) or expenses arise out of or are
based upon any Violation, in each case to the extent (and only to the extent)
that such Violation occurs in reliance upon and in conformity with written
information furnished by such Holder expressly for use in connection with such
registration; and each such Holder will reimburse any person intended to be
indemnified pursuant to this SECTION 1.9(b), for any legal or other expenses
reasonably incurred by such person, as incurred, in connection with
investigating or defending any such loss, claim, damage, liability or action;
PROVIDED, HOWEVER, that the indemnity agreement contained in this SECTION
1.9(b) shall not apply to amounts paid in settlement of any such loss, claim,
damage, liability or action if such settlement is effected without the consent
of the Holder (which consent shall not be unreasonably withheld or delayed),
and provided that in no event shall any indemnity under this SECTION 1.9(b)
exceed the net proceeds from the offering received by such Holder in the
registered offering out of which such Violation arises.

                                     8

<Page>

                  (c) Promptly after receipt by an indemnified party under this
SECTION 1.9 of notice of the commencement of any action (including any
governmental action), such indemnified party will, if a claim in respect thereof
is to be made against any indemnifying party under this SECTION 1.9, deliver to
the indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party
similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that an indemnified party
(together with all other indemnified parties that may be represented without
conflict by one counsel) shall have the right to retain one separate counsel,
with the fees and expenses to be paid by the indemnifying party, if
representation of such indemnified party by the counsel retained by the
indemnifying party would be inappropriate due to actual or potential differing
interests between such indemnified party and any other party represented by such
counsel in such proceeding. The failure to deliver written notice to the
indemnifying party within a reasonable time of notice of the commencement of any
such action, if prejudicial to its ability to defend such action, shall relieve
such indemnifying party of any liability to the indemnified party under this
SECTION 1.9, but the omission so to deliver written notice to the indemnifying
party will not relieve it of any liability that it may have to any indemnified
party otherwise than under this SECTION 1.9.

                  (d) If the indemnification provided for in this SECTION 1.9
is held by a court of competent jurisdiction to be unavailable to an indemnified
party with respect to any loss, liability, claim, damage or expense referred to
herein, then the indemnifying party, in lieu of indemnifying such indemnified
party hereunder, shall contribute to the amount paid or payable by such
indemnified party as a result of such loss, liability, claim, damage or expense
in such proportion as is appropriate to reflect the relative fault of the
indemnifying party on the one hand and of the indemnified party on the other in
connection with the Violation that resulted in such loss, liability, claim,
damage or expense, as well as any other relevant equitable considerations,
provided, however, that in no event shall any contribution under this SECTION
1.9(d) by any Holder exceed the net proceeds from the offering received by such
Holder in the registered offering out of which such Violation arises. The
relative fault of the indemnifying party and of the indemnified party shall be
determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission to state a material fact
relates to information supplied by the indemnifying party or by the indemnified
party and the parties' relative intent, knowledge, access to information, and
opportunity to correct or prevent such statement or omission.

                  (e) Notwithstanding the foregoing, to the extent that the
provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with the underwritten public offering are
in conflict with the foregoing provisions, the provisions in the underwriting
agreement shall control.

                  (f) The obligations of the Company and Holders under this
SECTION 1.9 shall survive the completion of any offering of Registrable
Securities in a registration statement under this SECTION 1, and otherwise.

         1.10 REPORTS UNDER SECURITIES EXCHANGE ACT OF 1934. With a view to
making available to the Holders the benefits of Rule 144 promulgated under
the Act and any other rule or

                                     9

<Page>

regulation of the SEC that may at any time permit a Holder to sell securities
of the Company to the public without registration or pursuant to a
registration on Form S-3, the Company agrees to:

                  (a) make and keep public information available, as those terms
are understood and defined in Rule 144, at all times after the effective date of
the Initial Offering;

                  (b) file with the SEC in a timely manner all reports and other
documents required of the Company under the Act and the 1934 Act; and

                  (c) furnish to any Holder, so long as the Holder owns any
Registrable Securities, forthwith upon request (i) a written statement by the
Company that it has complied with the reporting requirements of Rule 144 (at any
time after ninety (90) days after the effective date of the first registration
statement filed by the Company), the Act and the 1934 Act (at any time after it
has become subject to such reporting requirements), or that it qualifies as a
registrant whose securities may be resold pursuant to Form S-3 (at any time
after it so qualifies), (ii) a copy of the most recent annual or quarterly
report of the Company and such other reports and documents so filed by the
Company, and (iii) such other information as may be reasonably requested in
availing any Holder of any rule or regulation of the SEC that permits the
selling of any such securities without registration or pursuant to such form.

         1.11 ASSIGNMENT OF REGISTRATION RIGHTS. The rights to cause the
Company to register Registrable Securities pursuant to this SECTION 1 may be
assigned (but only with all related obligations) by a Holder to any
transferee or assignee of Registrable Securities, provided that such
transferee or assignee agrees in writing to be bound by and subject to the
terms and conditions of this Agreement, including without limitation the
provisions of SECTION 1.12 below.

         1.12 LIMITATIONS ON SUBSEQUENT REGISTRATION RIGHTS. The Company
represents and warrants that it is not a party to or otherwise subject to any
agreement granting registration rights to any other person with respect to
securities of the Company that conflicts with the provisions of this
Agreement. From and after the date of this Agreement, the Company shall not,
without the prior written consent of the Holders of a majority of the
Registrable Securities then outstanding, enter into any agreement with any
holder or prospective holder of any securities of the Company that provides
such holder or prospective holder with registration rights pari passu or
senior in priority to the registration rights provided to the Holders
pursuant to this SECTION 1.

2.       MISCELLANEOUS.

         2.1 SUCCESSORS AND ASSIGNS. Except as otherwise provided herein, the
terms and conditions of this Agreement shall inure to the benefit of and be
binding upon the respective successors and assigns of the parties (including
transferees of any Registrable Securities). Nothing in this Agreement,
express or implied, is intended to confer upon any party other than the
parties hereto or their respective successors and assigns any rights,
remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.

         2.2 GOVERNING LAW. This Agreement shall be governed by and construed
under the laws of the State of New York as applied to agreements among New
York residents entered into and to be performed entirely within New York.

                                     10
<Page>

         2.3 COUNTERPARTS. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

         2.4 TITLES AND SUBTITLES. The titles and subtitles used in this
Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement.

         2.5 NOTICES. Unless otherwise provided, any notice required or
permitted under this Agreement shall be given in writing and shall be deemed
effectively given upon personal delivery to the party to be notified or upon
delivery by confirmed facsimile transmission, nationally recognized overnight
courier service, or upon deposit with the United States Post Office, by
registered or certified mail, postage prepaid and addressed to the party to
be notified at the address indicated for such party on the signature page
hereof, or at such other address as such party may designate by ten (10)
days' advance written notice to the other parties.

         2.6 EXPENSES. If any action at law or in equity is necessary to
enforce or interpret the terms of this Agreement, the prevailing party shall
be entitled to reasonable attorneys' fees, costs and necessary disbursements
in addition to any other relief to which such party may be entitled.

         2.7 ENTIRE AGREEMENT: AMENDMENTS AND WAIVERS. This Agreement
(including the Exhibits hereto, if any) constitutes the full and entire
understanding and agreement among the parties with regard to the subjects
hereof and thereof. Any term of this Agreement may be amended and the
observance of any term of this Agreement may be waived (either generally or
in a particular instance and either retroactively or prospectively), only
with the written consent of the Company and the holders of a majority of the
Registrable Securities, provided, however, that no amendment or waiver may
have a disproportionately adverse effect on any Holder of Registrable
Securities in relation to the other Holders of Registrable Securities without
consent of such disproportionately affected Holder. Any amendment or waiver
effected in accordance with this paragraph shall be binding upon each Holder
of any Registrable Securities, each future Holder of all such Registrable
Securities and the Company.

         2.8 SEVERABILITY. If one or more provisions of this Agreement are
held to be unenforceable under applicable law, such provision shall be
excluded from this Agreement and the balance of the Agreement shall be
interpreted as if such provision were so excluded and shall be enforceable in
accordance with its terms.

         2.9 AGGREGATION OF STOCK. All shares of Registrable Securities held
or acquired by affiliated entities or persons shall be aggregated together
for the purpose of determining the availability of any rights under this
Agreement.

         2.10 REMEDIES. All remedies under this Agreement or otherwise
afforded to any party shall be cumulative and not alternative. Any person
having any rights under any provision of this Agreement shall be entitled to
enforce such rights specifically, to recover damages by reason of any breach
of any provision of this Agreement and to exercise all other rights granted
by law.

         2.11 INTENDED BENEFICIARIES. This Agreement is expressly intended to
benefit all Holders, whether or not they are parties hereto.

                                     11

<Page>

                  IN WITNESS WHEREOF, the parties have executed this Agreement
as of the date first above written.

                                       COLOR SPOT NURSERIES, INC.

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

                                              Address:

<Page>

                                       ARES LEVERAGED INVESTMENT FUND, L.P.

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

<Page>

                                       SUNAMERICA INC.

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

<Page>

                                       TCW SHARED OPPORTUNITY FUND II, L.P.
                                       By:  TCW Investment Management Company
                                       Its Investment Manager

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

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

                                       TCW LEVERAGED INCOME TRUST, L.P.
                                       By:  TCW Advisers (Bermuda), Ltd.
                                       as its General Partner

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

                                       By:  TCW Investment Management Company
                                       as Investment Adviser

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

<Page>

                                       TCW/CRESCENT MEZZANINE PARTNERS, L.P.,
                                       TCW/CRESCENT MEZZANINE TRUST AND
                                       TCW/CRESCENT MEZZANINE INVESTMENT
                                       PARTNERS, L.P.
                                       By:  TCW/Crescent Mezzanine, L.L.C.
                                       Its Investment Manager

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

<Page>

                                       BROWN UNIVERSITY

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

<Page>

                                       PRUDENTIAL HIGH YIELD FUND, INC.

                                       By: Prudential Investment Management,
                                           Inc., as investment advisor

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

<Page>

                                       BILL & MELINDA GATES FOUNDATION

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

<Page>

                                       ARROW INVESTMENT PARTNERS

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

<Page>

                                       BANK OF AMERICA SECURITIES LLC

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

<Page>

                                       CHILMARK FUND II, L.P.

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

<Page>

                                       WREN & CO.

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

<Page>

                                                                      SCHEDULE A

                               SCHEDULE OF HOLDERS<Page>

                                                                     Exhibit 4.7

                                                                  EXECUTION COPY

               SECOND AMENDED AND RESTATED STOCKHOLDERS AGREEMENT

         Second Amended and Restated Stockholders Agreement (the "AGREEMENT")
dated as of November ___, 2001 among (i) COLOR SPOT NURSERIES, INC., a Delaware
corporation (the "COMPANY"), (ii) KCSN ACQUISITION COMPANY, L.P., a Delaware
limited partnership ("KCSN"), (iii) HELLER EQUITY CAPITAL CORPORATION, a
Delaware corporation ("HELLER"), (iv) MICHAEL F. VUKELICH, JERRY L. HALAMUDA and
the other current or former members of management of the Company who have
executed this Agreement or have otherwise agreed to be bound by the provisions
hereof (the "MANAGEMENT STOCKHOLDERS") and (v) TCW Shared Opportunity Fund II,
L.P., TCW/Crescent Mezzanine Partners, L.P., TCW/Crescent Mezzanine Trust and
TCW/Crescent Mezzanine Investment Partners, L.P. (collectively, "TCW"), State
Treasurer of the State of Michigan, Custodian of the Michigan Public Schools
Employees' Retirement System, State Employees' Retirement System and Michigan
State Police Retirement System ("Michigan") and Ares Leveraged Investment Fund,
L.P. ("Ares," and together with TCW and Michigan, the "TCW Stockholders" and,
together with KCSN, Heller and the Management Stockholders, the "STOCKHOLDERS").

         WHEREAS, certain of the Stockholders originally entered into a
Stockholders Agreement effective as of December 31, 1996 (the "ORIGINAL
STOCKHOLDERS AGREEMENT"); and

         WHEREAS, certain of the Stockholders and the Company entered into the
First Amended and Restated Stockholders Agreement, dated as of November __, 1997
("FIRST AMENDED STOCKHOLDERS AGREEMENT"); and

         WHEREAS, in accordance with Section 12 of the First Amended
Stockholders Agreement, the Company, KCSN, Heller and the holders of a majority
of the outstanding Management Stock have agreed to amend and restate the First
Amended Stockholders Agreement pursuant to the terms hereof.

         NOW, THEREFORE, the parties hereby agree as follows:

         SECTION 1.        DEFINITIONS. For purposes of this Agreement, the
following terms have the indicated meanings:

         "AFFILIATE" of a person means any other person controlling, controlled
by or under common control with such person, whether by ownership of voting
securities, by contract or otherwise, and in the case of KCSN shall include any
member of KCSN and in the case of the Company shall include any officer or
director of the Company.

         "APPROVED STOCK PLAN" means, collectively, all contracts, plans or
agreements which have been approved by the Company's Board of Directors
(including the Company's 1997 Stock Option Plan) pursuant to which securities
representing up to an aggregate of 15% of the

<Page>

Common Stock outstanding on a fully-diluted basis may be issued to employees,
officers, directors, consultants or other service providers of the Company or
its subsidiaries.

         "CAUSE" means (i) the commission by the Management Stockholder of theft
or embezzlement of Company property or other acts of dishonesty or criminal
conduct harmful in any significant respect to the business, property or
reputation of the Company or the commission by the Management Stockholder of
other acts harmful in any significant respect to the business, property or
reputation of the Company; (ii) the commission by the Management Stockholder
while an employee of the Company or its Affiliates of an act determined in good
faith by the Company's Board of Directors to amount to gross, willful or wanton
negligence of the Management Stockholder's duties under the terms of his or her
employment; (iii) the refusal by the Management Stockholder while an employee of
the Company or its Affiliates to perform, or substantial neglect of, the duties
assigned to the Management Stockholder by the Company; (iv) any significant
violation by the Management Stockholder of any statutory or common law duty of
loyalty to the Company; or (v) a material breach by the Management Stockholder
of his or her employment agreement (if any) with the Company. The determination
of Cause shall be made in good faith by the Board of Directors after written
notice to the Management Stockholder and, in the case of conduct described in
clause (iii), (iv) or (v) above, a reasonable opportunity to cure such conduct.

         "COMMON STOCK" means, collectively, the Company's Common Stock, $.01
par value, and the Company's Nonvoting Common Stock, $.01 par value.

         "FAIR MARKET VALUE" as of any date means the per-share value of the
Common Stock determined under the following formula: (i) the product of the
amount of the Company's earnings before interest, taxes, depreciation and
amortization (calculated for the 12-month period preceding the date of
determination) multiplied by five, less (ii) all long-term debt (including,
without limitation, the average outstanding amounts under any revolving credit
facility of the Company for the 12 months preceding the date of determination),
divided by (iii) the total number of the then-outstanding shares of Common
Stock, determined as if all then-outstanding "in the money" options (whether or
not vested), warrants and other rights exercisable, convertible or exchangeable
into shares of Common Stock had been exercised, converted or exchanged (as the
case may be) and all consideration payable in connection with such exercise,
conversion or exchange had in fact been paid.

         "HELLER STOCK" means Stockholder Shares held by Heller and its
transferees giving effect to the conversion of the Note held by such persons.

         "INDEPENDENT THIRD PARTY" means any person who does not own in excess
of 10% of the Common Stock on a fully-diluted basis, who is not controlling,
controlled by or under common control with any such 10% owner of Common Stock
and who is not the spouse, ancestor or descendant (by birth or adoption) of any
such 10% owner of Common Stock.

         "INVESTOR STOCK" means Stockholder Shares held by KCSN, its Affiliates
and their respective transferees.

                                       2
<Page>

         "MANAGEMENT STOCK" means Stockholder Shares held by the Management
Stockholders and their respective Permitted Transferees, including without
limitation all shares acquired pursuant to the exercise of Options.

         "NOTE" means the Company's 8.0% Convertible Subordinated Note
originally issued to Heller Equity Capital Corporation.

         "OPTIONS" means options to purchase shares of Common Stock granted
pursuant to the Company's 1997 Stock Option Plan.

         "OPTION STOCK" means Management Stock acquired upon exercise of Options
granted pursuant to the Company's 1997 Stock Option Plan.

         "ORIGINAL COST" means a Management Stockholder's average original
purchase price per share of Option Stock acquired from the Company and held by
such Management Stockholder, as reflected in the records of the Company.

         "SALE OF THE COMPANY" means the acquisition of beneficial ownership of
a majority or more of the outstanding voting securities of the Company by any
person or "group" (as that term is used in Regulation 13D under the Securities
Exchange Act of 1934) other than stockholders of the Company as of the date
hereof and their respective Affiliates.

         "SECURITIES ACT" means the Securities Act of 1933, as amended.

         "SERIES A PREFERRED STOCK" means 13% Series A Cumulative Preferred
Stock of the Company.

         "SERIES B PREFERRED STOCK" means the 13% Series B Cumulative Preferred
Stock of the Company.

         "STOCKHOLDER SHARES" means (i) all shares of Common Stock held or
deemed to be held by the Stockholders, including all shares of Common Stock
acquired pursuant to exercise of Options or conversion of the Note, and (ii) all
shares of Common Stock or other securities issued or issuable directly or
indirectly with respect to the securities referred to in clause (i) by way of
stock dividend or stock split or in connection with a combination of shares,
recapitalization, merger, consolidation or other reorganization. Stockholder
Shares shall cease to be such when they have been sold (x) pursuant to a
registered public offering under the Securities Act, or (y) to the public
pursuant to Rule 144 under the Securities Act or any successor provision.

         "TCW STOCK" means the Stockholders Shares held by the TCW Stockholders.

        "VESTED OPTIONS" means Options that are exercisable by the holder
thereof on the date of determination.

         SECTION 2.        REPURCHASE ON TERMINATION OF EMPLOYMENT.

         (a) REPURCHASE OPTION. Upon the termination of a Management
Stockholder's employment by the Company and its subsidiaries:

                                       3
<Page>

                  (i) if such termination is for any reason other than for Cause
         (A) the Company may elect to repurchase all but not less than all of
         the Management Stock and Vested Options held by such Management
         Stockholder and its Permitted Transferees at a cash price per share
         equal to Fair Market Value (as of the date of termination) and, in the
         case of Vested Options, the excess of Fair Market Value (as of the date
         of termination) over the exercise price per share under such Options,
         and (B) all Options held by such Management Stockholder other than
         Vested Options shall be automatically cancelled; and

                  (ii) if such termination is for Cause (A) the Company may
         elect to repurchase all but not less than all of the Management Stock
         held by such Management Stockholder and its Permitted Transferees at a
         cash price per share equal to Fair Market Value (as of the date of
         termination) or, in the case of Option Stock, the lesser of Fair Market
         Value (as of the date of termination) or Original Cost, and (B) all
         Options held by such Management Stockholder (whether or not vested)
         shall be automatically cancelled.

         (b) REPURCHASE OBLIGATION. In the event of termination of a Management
Stockholder's employment with the Company due to death or permanent disability
(as determined in good faith by the Board of Directors), the Management
Stockholder (or his estate or personal representative) may require the Company
to repurchase all or any portion of the Management Stock (other than Option
Stock) held by such Management Stockholder and his Permitted Transferees at a
cash price per share equal to Fair Market Value as of the date of termination,
which purchase price shall be payable in four equal annual installments on the
date of closing of such repurchase and on the three succeeding anniversaries of
such date. The portion of the purchase price not paid at closing will bear
interest at the applicable federal rate for medium-term obligations, and will
become due and payable upon consummation of the Company's initial public
offering under the Securities Act or a Sale of the Company. Notwithstanding any
other provision of this Section 2, the Company shall not be obligated to
repurchase Management Stock pursuant to this Section 2(b) to the extent that
such repurchase is not permitted pursuant to the terms of any of the Company's
indebtedness for borrowed money or by applicable corporate law. In the event of
a restriction on the purchase of Management Stock, the Company shall purchase
the maximum amount of Management Stock that it is able to purchase consistent
with such restriction and shall exercise reasonable commercial efforts (in no
event to require the refinancing of the Company's indebtedness or the payment of
money) to remove such restriction and, upon such removal, the Company shall
purchase the balance of such Management Stock.

         (c) REPURCHASE PROCEDURE. The Company may exercise its option to
purchase Management Stock and Vested Options pursuant to Section 2(a) by
delivery to the Management Stockholder, within 30 days after the termination of
such Management Stockholder's employment, of a written notice specifying the
number of shares of Management Stock and/or Vested Options to be repurchased.
The Management Stockholder (or his estate or personal representative) may
exercise his option to require the Company to repurchase Management Stock
pursuant to Section 2(b) by delivery to the Company, within 30 days after the
termination of such Management Stockholder's employment, of a written notice
specifying the number of shares of Management Stock to be repurchased. The
closing of any repurchase of securities pursuant to this Section 2 shall take
place not later than 90 days following the termination of the

                                       4
<Page>

Management Stockholder's employment. The shares of Management Stock to be
repurchased by the Company shall be satisfied (i) first, from the shares of
Management Stock held by the Management Stockholder at the time of delivery of
the Repurchase Notice and (ii) second, if the number of such shares is less than
the number of shares to be repurchased by the Company, from the shares of
Management Stock held by the Permitted Transferees of such Management
Stockholder in such proportions as shall be determined by the Management
Stockholder.

         SECTION 3.        RESTRICTIONS ON TRANSFER.

         (a) PROHIBITION ON TRANSFERS. No Management Stock may be sold,
transferred, pledged or otherwise disposed of (including by gift) except in
accordance with this Section 3. No Management Stock may be transferred without
the prior written consent of the Company, which will not be unreasonably
withheld.

         (b)      RIGHT OF FIRST REFUSAL.

                  (i) Not less than 30 days prior to any proposed transfer of
         Management Stock, the transferring Management Stockholder shall deliver
         to KCSN, the TCW Stockholders and the other Management Stockholders a
         written notice (the "OFFER NOTICE") specifying in reasonable detail the
         number of shares to be transferred, the identity of the transferee(s),
         the price (which shall be payable solely in cash) and the other terms
         and conditions of the proposed transfer. KCSN, the TCW Stockholders and
         the other Management Stockholders may elect to purchase all but not
         less than all of the Management Stock proposed to be transferred upon
         the terms and conditions specified in the Offer Notice by delivering to
         the transferring Management Stockholder a written notice of such
         election within the 20-day period following its receipt of the Offer
         Notice (the "ELECTION PERIOD"). Each electing Stockholder shall be
         entitled to purchase its pro rata share of the Management Stock covered
         by the Offer Notice (based on its percentage ownership of the Common
         Stock on a fully-diluted basis) and, in the event that less than all
         the Stockholders elect to purchase their pro rata shares, the remaining
         shares shall be reoffered to the electing Stockholders for a period of
         10 days following the Election Period and shall be purchased by the
         electing Stockholders in proportion to the numbers of shares requested
         to be purchased by them in excess of their pro rata shares. The
         purchase of such shares by KCSN, the TCW Stockholders and/or the other
         Management Stockholders shall be consummated within 30 days following
         expiration of the Election Period.

                  (ii) In the event that KCSN, the TCW Stockholders and/or the
         other Management Stockholders do not elect to purchase the Management
         Stock described in the Offer Notice, during the 30-day period following
         expiration of the Election Period, the transferring Management
         Stockholder may transfer such Management Stock to the transferee(s)
         specified in the Offer Notice on terms no more favorable to such
         transferee(s) than those specified in the Offer Notice. Any shares of
         Management Stock not transferred within such 30-day period shall again
         be subject to Section 3(b)(i) in connection with any proposed transfer
         thereof.

                                       5
<Page>

         (c) CERTAIN PERMITTED TRANSFERS. Sections 3(a) and 3(b) shall not apply
to transfers of Management Stock (i) pursuant to Sections 5, 6 or 7 hereof, or
(ii) within a Management Stockholder's family group (including by will or
pursuant to applicable laws of descent and distribution); provided that, in
connection with any transfer pursuant to this clause (ii), each transferee (a
"PERMITTED TRANSFEREE") agrees in writing to be bound by the provisions of this
Agreement. Any shares of Management Stock transferred to a Permitted Transferee
shall continue to be Management Stock for purposes of this Agreement. A
Management Stockholder's "FAMILY GROUP" means such Management Stockholder's
spouse and lineal descendants (whether natural or adopted) and any trust formed
and maintained solely for the benefit of such Management Stockholder, such
Management Stockholder's spouse and/or such Management Stockholder's lineal
descendants.

         SECTION 4.        ADDITIONAL RESTRICTIONS ON TRANSFER.

         (a) STOCK LEGEND. The certificates representing Stockholder Shares that
have been issued prior to the date hereof shall bear the following legend:

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED
         ON _______________, ____, HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
         ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER ANY STATE SECURITIES LAWS
         AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF ANY EFFECTIVE
         REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES
         LAWS OR AN EXEMPTION FROM REGISTRATION THEREUNDER. THE SECURITIES
         REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO ADDITIONAL RESTRICTIONS
         ON TRANSFER, CERTAIN REPURCHASE OPTIONS AND CERTAIN OTHER AGREEMENTS
         SET FORTH IN A STOCKHOLDERS AGREEMENT DATED AS OF DECEMBER 31, 1996,
         AMONG COLOR SPOT NURSERIES, INC. AND CERTAIN STOCKHOLDERS THEREOF, A
         COPY OF WHICH MAY BE OBTAINED WITHOUT CHARGE BY THE HOLDER HEREOF AT
         THE COMPANY'S PRINCIPAL PLACE OF BUSINESS.

         The certificates representing Stockholder Shares that are issued on and
  after the date hereof shall bear the following legend:

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED
         ON _______________, ____, HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
         ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER ANY STATE SECURITIES LAWS
         AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF ANY EFFECTIVE
         REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES
         LAWS OR AN EXEMPTION FROM REGISTRATION THEREUNDER. THE SECURITIES
         REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO ADDITIONAL RESTRICTIONS
         ON TRANSFER, CERTAIN REPURCHASE OPTIONS AND CERTAIN OTHER AGREEMENTS
         SET FORTH IN THE SECOND AMENDED AND

                                       6
<Page>

         RESTATED STOCKHOLDERS AGREEMENT DATED AS OF NOVEMBER __, 2001, AMONG
         COLOR SPOT NURSERIES, INC. AND CERTAIN STOCKHOLDERS THEREOF, A COPY OF
         WHICH MAY BE OBTAINED WITHOUT CHARGE BY THE HOLDER HEREOF AT THE
         COMPANY'S PRINCIPAL PLACE OF BUSINESS.

         (b) OPINION OF COUNSEL. No holder of Stockholder Shares may sell,
transfer or dispose of any such stock (other than pursuant to an effective
registration statement under the Securities Act) without first delivering to the
Company upon its request an opinion of counsel reasonably acceptable in form and
substance to the Company that registration under the Securities Act is not
required in connection with such transfer.

         SECTION 5.        SALE OF THE COMPANY. If the holders of a majority
of the Investor Stock then outstanding approve the sale of the Company to an
Independent Third Party, whether by merger, consolidation, sale of all or
substantially all of its assets, sale of all of the outstanding Common Stock
or otherwise (an "APPROVED SALE"), the Stockholders (other than the TCW
Stockholders) shall consent to and raise no objections against such Approved
Sale (including exercising any rights of appraisal) and shall take all
necessary and desirable actions in their capacities as stockholders in
connection with the consummation of such Approved Sale. If the Approved Sale
is structured as a sale of stock, the Stockholders (other than the TCW
Stockholders) shall agree to sell all of their shares of Common Stock and
rights to acquire shares of Common Stock on the terms and conditions approved
by the holders of a majority of the Investor Stock then outstanding. The
obligations of the Stockholders (other than the TCW Stockholders) with
respect to any Approved Sale are subject to the condition that, upon the
consummation of such Approved Sale, all of the holders of Common Stock will
receive the same form and amount of consideration per share of Common Stock,
or if any holders are given an option as to the form and amount of
consideration to be received, all holders will be given the same option. In
connection with an Approved Sale, each holder of Vested Options or Notes may
elect to exercise such Options or convert such Notes and participate in the
Approved Sale as a holder of Common Stock or, in lieu of the exercise of
Options, to receive in exchange for such Options the excess of the
consideration per share of Common Stock receivable in such Approved Sale over
the exercise price per share under such Options.

         SECTION 6.        PARTICIPATION RIGHTS. Not less than 30 days prior
to any proposed transfer of Common Stock by KCSN or any Affiliate of KCSN,
such transferring Stockholder shall deliver to the other Stockholders a
written notice (the "SALE NOTICE") specifying in reasonable detail the
identity of the proposed transferee(s) and the terms and conditions of the
proposed transfer. Each other Stockholder may elect to participate in the
proposed transfer by delivering to the transferring Stockholder a written
notice of such election within the 20-day period following delivery of the
Sale Notice. If any Stockholders elect to participate in such transfer, the
transferring Stockholder and each participating Stockholder will be entitled
to sell in such proposed transfer, at the same price and on the same terms, a
number of shares of Common Stock equal to the product of (i) the quotient
determined by dividing the percentage of the Common Stock then held by the
transferring Stockholder or such participating Stockholder, as the case may
be, by the aggregate percentage of Common Stock held by all participating
holders of Common Stock, multiplied by (ii) the number of shares of Common
Stock to be sold in such proposed transfer. For purposes of this Section 6,
each participating Stockholder shall be

                                       7
<Page>

deemed to hold all shares of Common Stock acquirable pursuant to the exercise of
Vested Options or the conversion of Notes then held by such Stockholder. The
participating Stockholders shall pay a pro rata portion of the transaction
expenses associated with such transfer. This Section 6 shall not apply to
transfers to Affiliates of KCSN (provided that such Affiliates shall continue to
be bound by the terms hereof).

         SECTION 7.        REGISTRATION RIGHTS.

         (a) DEMAND REGISTRATION. At any time not less than 180 days after the
consummation of the Company's initial public offering of Common Stock under the
Securities Act, (i) the holders of a majority of the then-outstanding Investor
Stock shall have the right to require the Company to effect up to four
registrations of their Common Stock on Form S-1 under the Securities Act and, if
available, unlimited registrations on Form S-2 or S-3 under the Securities Act,
(ii) the holders of a majority of the then-outstanding TCW Stock shall have the
right to require the Company to effect up to two registrations of their Common
Stock on Form S-1 under the Securities Act and, if available, unlimited
registrations of their Common Stock on Form S-2 or S-3 under the Securities Act
and (iii) the holders of a majority of the then-outstanding Heller Stock shall
have the right to require the Company to effect one registration of their Common
Stock under the Securities Act on Form S-1 or, if available, on Form S-2 or S-3
(any such registration, a "DEMAND REGISTRATION"). Upon receipt of any request
for a Demand Registration, the Company shall give prompt written notice of such
request to each Stockholder, and shall include in such Demand Registration all
Stockholder Shares with respect to which the Company has received written
requests for inclusion therein within 30 days after the delivery of the
Company's notice, including shares covered by Vested Options or Notes to the
extent that the Company receives appropriate assurances that such Options will
be exercised or such Notes will be converted upon effectiveness of such
registration. If other securities are included in any Demand Registration that
is not an underwritten offering, all Stockholder Shares included in such
offering shall be sold prior to the sale of any of such other securities. If
other securities are included in any Demand Registration that is an underwritten
offering, and the managing underwriter for such offering advises the Company
that in its opinion the number of securities to be included exceeds the number
of securities which can be sold in such offering without adversely affecting the
marketability thereof, the Company will include in such registration all
Stockholder Shares requested to be included therein prior to the inclusion of
any securities that are not Stockholder Shares. If the number of Stockholder
Shares requested to be included in such registration exceeds the number of
securities which in the opinion of such underwriter can be sold without
adversely affecting the marketability of such offering, such Stockholder Shares
shall be included pro rata among the holders thereof based on the percentage of
the outstanding Stockholder Shares held by each such Stockholder (assuming the
exercise of all Vested Options and conversion of all Notes). The Company shall
have the right to select the investment banker(s) and manager(s) to administer
any Demand Registration that is an underwritten offering, subject to the
approval of the holders of a majority of the Stockholder Shares to be included
in such Demand Registration. If, as a result of inclusion of Stockholder Shares
other than Investor Stock, TCW Stock or Heller Stock in any Demand Registration
initiated by such holders, the holders of Investor Stock, TCW Stock or Heller
Stock (as applicable) are unable to sell at least 80% of the Investor Stock, TCW
Stock or Heller Stock requested to be included in such registration, such
registration shall not count as one of the Demand Registrations afforded the
holders of Investor Stock, TCW Stock or Heller Stock under this Section 7(a).

                                       8
<Page>

         (b) COMPANY REGISTRATION. In the event that the Company proposes to
register any Common Stock under the Securities Act in connection with a public
offering (other than a Demand Registration) on any form (other than Form S-4 or
Form S-8) that would legally permit the inclusion of Stockholder Shares, the
Company shall give each of the Stockholders written notice thereof as soon as
practicable but in no event less than 30 days prior to such registration, and
shall include in such registration all Stockholder Shares requested in writing
to be included therein, including shares covered by Vested Options or Notes to
the extent that the Company receives appropriate assurances that such Options
will be exercised or such Notes will be converted upon effectiveness of such
registration, subject to the limitations set forth in this Section 7(b). If in
connection with such proposed registration the managing underwriter for such
offering advises the Company that the number of Stockholder Shares requested to
be included therein exceeds the number of shares that can be sold in such
offering, any shares to be sold by the Company or pursuant to a demand
registration under the Warrant Agreement dated as of December 24, 1997 in such
offering shall have priority over any Stockholder Shares, and the number of
Stockholder Shares to be included by a Stockholder in such registration shall be
reduced pro rata on the basis of the numbers of shares of Common Stock held by
such Stockholder (assuming the exercise of all Vested Options and conversion of
all Notes) and all other holders of the Company's securities exercising similar
registration rights.

         (c) COSTS OF REGISTRATION. The Company shall bear the costs of each
registration in which Stockholders participate pursuant to this Section 7,
including the reasonable fees and expenses of one counsel for the selling
Stockholders (to be selected by the holders of a majority of the Stockholder
Shares to be included in such registration) but excluding any underwriting
discounts or commissions on the sale of Stockholder Shares or the fees and
expenses of any additional counsel retained by the Stockholders. As a condition
to the inclusion of Stockholder Shares in any registration, the participating
Stockholder and the Company shall execute an underwriting agreement or similar
agreement in a form reasonably acceptable to the Company and the underwriter(s),
if any, for such offering containing customary indemnification and holdback
provisions. Notwithstanding the foregoing, no Stockholder shall be required to
incur indemnification obligations (whether several or joint and several) which
is in excess of the net proceeds received by such Stockholder pursuant to such
registration or relates to information not supplied by such Stockholder for
inclusion in the registration statement.

         (d) INITIAL PUBLIC OFFERING. Notwithstanding any other provision of
this Section 7, (i) the Company shall not be required to include Stockholder
Shares in a registration that relates to the Company's initial public offering
of Common Stock if no Investor Stock is sold in such offering, and (ii) the
Company shall not be required to include in any registration pursuant to this
Section 7 any Stockholder Shares (other than any Investor Stock, Heller Stock or
TCW Stockholders in the case of a Demand Registration) that are then eligible
for transfer pursuant to Rule 144 under the Securities Act or may otherwise be
freely transferred without registration under the Securities Act.

         SECTION 8.        PREEMPTIVE RIGHTS. If the Company or any
subsidiary of the Company proposes to issue any shares of capital stock or
other equity securities (other than (i) issuances by a subsidiary of the
Company to the Company, (ii) issuances to persons that are not Affiliates of
the Company, (iii) issuances to a third party lender in connection with a
debt financing from such lender, (iv) issuances pursuant to the Approved
Stock Plan, (v) issuances of Common Stock upon

                                       9
<Page>

the exercise or conversion of options, warrants or convertible securities that
were originally issued to non-Affiliates or pursuant to the Approved Stock Plan
or (vi) issuances, if any, of Common Stock (or warrants or other rights to
acquire the same or upon the exercise of any such warrants or rights), of up to
an aggregate of 49% of the Company's Common Stock (on a fully diluted basis) to
any holder of the Company's Series A Preferred Stock in consideration for any
amendment to the Series A Preferred Stock Certificate of Designation or in
consideration for such holder's agreement to participate in the Company's senior
credit facility as contemplated and provided for in the Letter Agreements dated
the date hereof among the Company, KCSN, TCW and Ares), each Stockholder shall
have the right of first refusal to purchase a portion of such securities equal
to such Stockholder's percentage interest in the Common Stock on a fully-diluted
basis (giving effect to the exercise of all Vested Options and the conversion of
all outstanding Notes) immediately prior to such issuance. The Company shall
give each Stockholder at least 30 days' prior written notice of any such
proposed issuance setting forth in reasonable detail the proposed terms and
conditions thereof and shall offer to each Stockholder the opportunity to
purchase such securities at the same price, on the same terms, and at the same
time as the securities are proposed to be issued by the Company; provided,
however, that if such securities are to be sold for non-cash consideration, the
Board of Directors shall make a good faith determination of the fair value of
such non-cash consideration and the Stockholders shall be entitled to pay such
value in cash. A Stockholder may exercise its right of first refusal by delivery
of an irrevocable written notice to the Company not more than 20 days after
delivery of the Company's notice. The obligation of the Stockholders exercising
their rights pursuant to this Section 8 to purchase and pay for securities shall
be conditioned upon the consummation of the proposed issuance by the Company.

         SECTION 9.        CORPORATE GOVERNANCE.

         (a) BOARD OF DIRECTORS. Each Stockholder agrees to vote all securities
of the Company over which such Stockholder has voting control and to take all
other necessary or desirable actions within its control (whether as a
stockholder, director or officer of the Company or otherwise, and including
without limitation attendance at meetings in person or by proxy for purposes of
obtaining a quorum and execution of written consents in lieu of meetings), and
the Company shall take all necessary and desirable actions within its control
(including, without limitation, calling special board and stockholder meetings),
so that:

                  (i) the Company shall have a Board of Directors comprised of
         no more than nine members (or such greater number of members as may be
         required to enable the holders of the Company's Series B Preferred
         Stock to elect the number of directors to which they are entitled
         pursuant to the Series B Certificate of Designation);

                  (ii) the following persons shall be elected to the Board of
         Directors:

                           (A) Michael F. Vukelich, for so long as he holds
                  Common Stock representing 1% of the outstanding Common Stock ;

                           (B) The President of the Company;

                           (C) Four representatives designated by KCSN;

                                       10
<Page>

                           (D) One independent director reasonably acceptable to
                  KCSN (initially Gary E. Mariani);

                           (E) One representative designated by a majority of
                  the holders of the Series A Preferred Stock; and

                           (F) One representative designated by the holders of a
                  majority of the Series B Preferred Stock (or such greater
                  number of representatives as such holders may be entitled to
                  designate pursuant to the Series B Certificate of
                  Designation).

                  (iii) in the case of clauses (ii)(C), (D), (E) and (F), in the
         event that any director for any reason ceases to serve as a member of
         the Board during his term of office, the resulting vacancy on the Board
         shall be filled by the Stockholders entitled to designate such director
         as provided in this Section 9 and not by a vote of the Stockholders
         generally; and

                  (iv) if the Stockholders fail to designate a representative to
         fill a directorship pursuant to the terms of this Section 9, such
         directorship shall remain vacant until filled by the Stockholders
         entitled to designate such director.

         (b) OBSERVER RIGHTS. Prior to the Company's initial public offering
under the Securities Act, so long as Heller holds any Notes or Common Stock
representing 2% or more of the then-outstanding Common Stock, Heller shall be
entitled to designate a non-voting observer to attend all meetings of the Board
of Directors either in person, by telephone or by teleconference (if available).
The reasonable travel expenses of such observer incurred in attending meetings
shall be reimbursed by the Company to the same extent that expenses of directors
are reimbursed. In the event that Heller is entitled to observation rights
pursuant to this Section 9(b), the Company shall give Heller copies of all
notices of meetings of the Board of Directors, all actions to be taken by
unanimous written consent and all other written materials provided to members of
the Board in their capacities as directors concurrently with delivery of such
materials to members of the Board. Notwithstanding the foregoing, the Company
may exclude Heller's observer from any meeting of the Board (or portion thereof)
or restrict access to any materials if the Company believes upon the advice of
counsel that such exclusion or restriction is necessary to preserve the
Company's attorney-client privilege. In no event shall Heller's representative
be deemed a member of the Board for any purpose or be charged with any of the
duties or obligations (fiduciary or otherwise) imposed upon members of the
Board.

         (c) INCONSISTENT PROVISIONS. To the extent that any provision of the
Company's Certificate of Incorporation or by-laws is inconsistent with the
provisions of this Agreement, the Stockholders agree to take all actions
necessary to effect such amendments to the Certificate of Incorporation or
by-laws as may be necessary and appropriate to give full effect to the
provisions of this Agreement.

         SECTION 10.       ASSIGNMENT OF RIGHTS; REPRESENTATIONS ON SALE. The
Company may assign to one or more third parties its right to repurchase
shares of Management Stock pursuant to Section 2, subject only to compliance
with applicable securities laws. The purchasers of

                                       11
<Page>

Management Stock pursuant to Sections 2 and 3 shall be entitled to receive
customary representations and warranties from the seller regarding the seller's
good title to, and freedom from liens, encumbrances and restrictions on the sale
of, such Management Stock.

         SECTION 11.       TRANSFERS IN VIOLATION OF AGREEMENT. Any transfer
or attempted transfer of any Stockholder Shares in violation of this
Agreement shall be void, and the Company shall not be obligated to record
such transfer on its books or treat any purported transferee of such
Stockholder Shares as the owner of such shares for any purpose.

         SECTION 12.       AMENDMENT AND WAIVER. Except as otherwise provided
herein, no amendment or waiver of any provision of this Agreement shall be
effective against the Company, KCSN, Heller, the TCW Stockholders or the
Management Stockholders unless such amendment or waiver is approved in
writing by the Company, KCSN, Heller, the holders of at least a majority of
the TCW Stock, or the holders of at least a majority of the then-outstanding
Management Stock, as the case may be. The failure of any party to enforce any
provision of this Agreement shall not be construed as a waiver of such
provision and shall not affect the right of such party thereafter to enforce
each provision of this Agreement in accordance with its terms.

         SECTION 13.       SEVERABILITY. If any provision of this Agreement
is held to be invalid, illegal or unenforceable in any respect under any
applicable law or rule in any jurisdiction, such invalidity, illegality or
unenforceability shall not affect any other provision or any other
jurisdiction, but this Agreement shall be reformed, construed and enforced in
such jurisdiction as if such invalid, illegal or unenforceable provision had
never been contained herein.

         SECTION 14.       ENTIRE AGREEMENT. Except as otherwise expressly
set forth herein, this document embodies the complete agreement and
understanding among the parties hereto with respect to the subject matter
hereof and supersedes and preempts any prior understandings, agreements or
representations by or among the parties, written or oral, which may have
related to the subject matter hereof in any way.

         SECTION 15.       SUCCESSORS AND ASSIGNS. This Agreement shall bind
and inure to the benefit of and be enforceable by the Company, KCSN, Heller,
the TCW Stockholders and their respective successors and transferees, and by
the Management Stockholders and their Permitted Transferees, in each case so
long as such persons hold Stockholder Shares.

         SECTION 16.       COUNTERPARTS. This Agreement may be executed in
separate counterparts each of which shall be an original and all of which
taken together shall constitute one and the same agreement.

         SECTION 17.       REMEDIES. The Company, KCSN, Heller, the TCW
Stockholders and the Management Stockholders shall be entitled to enforce
their rights under this Agreement specifically to recover damages by reason
of any breach of any provision of this Agreement and to exercise all other
rights existing in their favor. The parties hereto agree and acknowledge that
money damages may not be an adequate remedy for any breach of the provisions
of this Agreement and that the Company, KCSN, Heller, any TCW Stockholder or
any Management Stockholder may in its sole discretion apply to any court of
law or equity of competent jurisdiction for specific performance and/or
injunctive relief (without posting a bond or other

                                       12
<Page>

security) in order to enforce or prevent any violation of the provisions of this
Agreement. In the event of any legal proceedings seeking to enforce any rights
or obligations under this Agreement, the prevailing party shall be entitled to
recover its attorneys fees and costs in connection with such proceeding from the
non-prevailing party.

         SECTION 18.       NOTICES. Any notice provided for in this Agreement
shall be in writing and shall be either personally delivered, or sent by
telecopy (confirmed in writing) or sent by reputable overnight courier
service for next-day delivery (charges prepaid) to the Company, KCSN, Heller
or the TCW Stockholders at their respective addresses set forth below and to
any other recipient at the address indicated on the schedules hereto and to
any subsequent holder of Management Stock subject to this Agreement at such
address as indicated by the Company's records, or at such address or to the
attention of such other person as the recipient party has specified by prior
written notice to the sending party. Notices will be deemed to have been
given hereunder when delivered personally, on the date of transmission if
sent by confirmed telecopy (or on the next business day if transmission is
not made on a business day) or on the next business day after deposit with a
reputable overnight courier service.

         The Company's address is:

                           Color Spot Nurseries, Inc.
                           3478 Buskirk Avenue
                           Suite 260
                           Pleasant Hill, California 94523
                           (925) 935-0799 (telecopier)
                           (925) 934-4443 (telephone)
                           Attention: President

                  With copies to:

                           Brownstein Hyatt & Farber, P.C.
                           410 17th Street - Suite 2200
                           Denver, Colorado 80202
                           (303) 223-1111 (telecopier)
                           (303) 223-1100 (telephone)
                           Attention: Steven S. Siegel, Esq.

                  KCSN's address is:

                           c/o Kohlberg & Co., L.L.C.
                           111 Radio Circle
                           Mt. Kisco, NY  10549
                           Attention:  Samuel P. Frieder
                           Telecopy:  (914) 244-3985

                                       13
<Page>

                  Heller's address is:

                           Heller Equity Capital Corporation
                           500 West Monroe Street
                           Chicago, IL 60661
                           Attention:  Charles Brissman, Esq.
                           Telecopy:  (312) 441-7208

                  the TCW Stockholders' addresses are:

                           TCW Shared Opportunity Fund II, L.P.
                           TCW/Crescent Mezzanine Partners, L.P
                           TCW/Crescent Mezzanine Trust
                           TCW/Crescent Mezzanine Investment Partners, L.P.
                           111000 Santa Monica Blvd.
                           Suite 2000
                           Los Angeles, CA 90025
                           Attention:_______________________________
                           Telecopy: (310) 235-5967

                           State Treasurer of the State of Michigan
                           c/o TWC
                           111000 Santa Monica Blvd.
                           Suite 2000
                           Los Angeles, CA 90025
                           Attention:_______________________________
                           Telecopy: (310) 235-5967

                           Ares Leveraged Investment Fund, L.P.
                           1999 Avenue of the Stars
                           Suite 1900
                           Los Angeles, CA 90048
                           Attention: Jeff Serota
                           Telecopy: (310) 201-4157

         SECTION 19.       GOVERNING LAW. The corporate law of Delaware shall
govern all issues concerning the relative rights of the Company and its
stockholders. All other questions concerning the construction, validity and
interpretation of this Agreement shall be governed by the internal law, and
not the law of conflicts, of California.

         SECTION 20.       DESCRIPTIVE HEADINGS. The descriptive headings of
this Agreement are inserted for convenience only and do not constitute a part
of this Agreement.

                                       14
<Page>

         SECTION 21.       SPOUSAL CONSENT. By his or her signature on this
Agreement, each spouse of a Management Stockholder agrees to be bound by the
provisions hereof to the extent of such spouse's interest in any Stockholder
Shares and further agrees (i) in the event of the death of such spouse, the
surviving Management Stockholder shall succeed to such deceased spouse's
interest in the Stockholder Shares held by such Management Stockholder on the
date of death, (ii) in the event of separation or dissolution of marriage,
the Management Stockholder shall have the right to purchase the spouse's
interest in the Stockholder Shares held by such Management Stockholder at
Fair Market Value (as defined in Section 1), and (iii) any decree of divorce
or dissolution of marriage, separate maintenance agreement or property
settlement between any Management Stockholder and his or her spouse shall
include a provision granting such Management Stockholder such spouse's entire
interest in the Stockholder Shares held by such Management Stockholder as
part of the division of the community property or separate property of the
marriage.

         SECTION 22.       PRIOR AGREEMENTS. All prior stockholders'
agreements between the Company, Heller and the Management Stockholders are
hereby terminated and shall be of no further force and effect.

         SECTION 23.       TERMINATION; SURVIVAL. This Agreement (other than
Sections 5, 7 and 9 hereof) shall terminate and be of no further force and
effect upon consummation of the Company's initial public offering of Common
Stock under the Securities Act. This Agreement shall terminate in its
entirety on the tenth anniversary of the date hereof.

                                    * * * * *

                                       15
<Page>

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                                     COLOR SPOT NURSERIES, INC.

                                     By:      __________________________________
                                     Name:
                                     Title:

                                     KCSN ACQUISITION COMPANY, L.P.

                                     By KCSN Management Company, L.P.
                                        Its General Partner

                                        By KCSN G.P., Inc.
                                           Its General Partner

                                     By:_______________________________________
                                          John Eastburn
                                          Vice President

                                     HELLER EQUITY CAPITAL CORPORATION

                                     By:      __________________________________
                                     Name:
                                     Title:

                                     TCW SHARED OPPORTUNITY FUND II, L.P.

                                     By:      TCW Investment Management Company,
                                              Its Investment Manager

                                     By:________________________________________
                                              Name:_____________________________
                                              Title:____________________________

                                       16
<Page>

                                     TCW/CRESCENT MEZZANINE PARTNERS, L.P
                                     TCW/CRESCENT MEZZANINE TRUST
                                     TCW/CRESCENT MEZZANINE INVESTMENT
                                              PARTNERS, L.P.

                                     By:      TCW/Crescent Mezzanine, L.L.C.
                                              Its Investment Manager

                                     By:________________________________________
                                              Name:_____________________________
                                              Title:____________________________

                                     STATE TREASURER OF THE STATE OF
                                     MICHIGAN, CUSTODIAN OF THE MICHIGAN
                                     PUBLIC SCHOOLS EMPLOYEES'
                                     RETIREMENT SYSTEM, STATE EMPLOYEES'
                                     RETIREMENT SYSTEM AND MICHIGAN
                                     STATE POLICE RETIREMENT SYSTEM

                                     By:________________________________________
                                              Name:_____________________________
                                              Title:____________________________

                                     ARES LEVERAGED INVESTMENT FUND, L.P.

                                     By:________________________________________
                                              Name:_____________________________
                                              Title:____________________________

                                       17
<Page>

                                     MANAGEMENT STOCKHOLDERS:

                                     ------------------------------------------
                                     Michael F. Vukelich

                                              Spouse:
                                                     --------------------------

                                     ------------------------------------------
                                     Jerry Halamuda

                                              Spouse:
                                                     --------------------------

                                     ------------------------------------------
                                     Gary E. Mariani

                                              Spouse:
                                                     --------------------------

                                     ------------------------------------------
                                     Gene Malcolm

                                              Spouse:
                                                     --------------------------

                                     ------------------------------------------
                                     Steven J. Bookspan

                                              Spouse:
                                                     --------------------------

                                     ------------------------------------------
                                     Michael T. Neenan

                                              Spouse:
                                                     --------------------------

                                     ------------------------------------------
                                     Robert F. Strange

                                              Spouse:
                                                     --------------------------

                                       18
<Page>

                                     ------------------------------------------
                                     Jim Tsurudome

                                              Spouse:
                                                     --------------------------

                                     ------------------------------------------
                                     Dick George

                                              Spouse:
                                                     --------------------------

                                     ------------------------------------------
                                     Gary Crook

                                              Spouse:
                                                     --------------------------

                                     ------------------------------------------
                                     Dave Grimshaw

                                              Spouse:
                                                     --------------------------

                                     ------------------------------------------
                                     John Negrete

                                              Spouse:
                                                     --------------------------

                                     ------------------------------------------
                                     Dennis Behan

                                              Spouse:
                                                     --------------------------

                                       19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}]]