Document:

EXHIBIT 10.263

                             Third Amendment
                       Dated as of February 1, 2001
                                   to
                        Receivables Sale Agreement
                       Dated as of December 11, 1998

     This Amendment (the "Amendment"), dated as of February 1, 2001, is
entered into among Crompton & Knowles Receivables Corporation (the "Seller"),
Crompton Corporation (as successor by merger with Crompton & Knowles
Corporation) (the "Initial Collection Agent"), Windmill Funding Corporation, a
Delaware corporation ("Windmill"), ABN AMRO Bank N.V., as Windmill's program
letter of credit provider (the "Enhancer"), the Liquidity Provider listed on
the signature page hereof (the "Liquidity Provider") and ABN AMRO Bank N.V.,
as agent for Windmill, the Enhancer and the Liquidity Provider (the "Agent").

     Reference is hereby made to that certain Receivables Sale Agreement,
dated as of December 11, 1998 (as amended, supplemented or otherwise modified
through the date hereof, the "Sale Agreement"), among the Seller, the Initial
Collection Agent, Windmill, the Enhancer, the Liquidity Provider and the
Agent.  Terms used herein and not otherwise defined herein which are defined
in the Sale Agreement or the other Transaction Documents (as defined in the
Sale Agreement) shall have the same meaning herein as defined therein.

     For good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, the parties hereto hereby agree as follows:

Section 1.     Subject to the following terms and conditions, including
without limitation the conditions precedent set forth in Section 2, upon
execution by the parties hereto in the space provided for that purpose below,
the Sale Agreement shall be, and it hereby is, amended as follows:

          (a)     The defined term "Originators" appearing in Schedule I to
the Sale Agreement is amended in its entirety to be and to read as follows:

               "Originators" means each of Uniroyal Chemical Company, Inc.,
Davis Standard Corporation, Paratec Elastomers LLC and Crompton Corporation
and Crompton & Knowles Colors, Incorporated.

          (b)     Exhibit E to the Sale Agreement is hereby amended in its
entirety to be and to read as Exhibit E attached hereto.

          (c)     Exhibit G to the Sale Agreement is hereby amended in its
entirety to be and to read as Exhibit G attached hereto.

Section 2.     Section 1 of this Agreement shall become effective only once
the Agent has received, in form and substance satisfactory to the Agent, all
documents and certificates as the Agent may reasonably request and all other
matters incident to the execution hereof are satisfactory to the Agent.

Section 3.     The Sale Agreement, as amended and supplemented hereby or as
contemplated herein, and all rights and powers created thereby and thereunder
or under the other Transaction Documents and all other documents executed in
connection therewith, are in all respects ratified and confirmed.  From and
after the date hereof, the Sale Agreement shall be amended and supplemented as
herein provided, and, except as so amended and supplemented, the Sale
Agreement, each of the other Transaction Documents and all other documents
executed in connection therewith shall remain in full force and effect.  By
executing this Amendment, Crompton Corporation confirms that it is the
"Guarantor" under the Limited Guaranty and that the Limited Guaranty and
Crompton Corporation's obligations thereunder remain in full force and effect.

Section 4.     This Amendment may be executed in two or more counterparts,
each of which shall constitute an original but both or all of which, when
taken together, shall constitute but one instrument.

Section 5.     This Amendment shall be governed and construed in accordance
with the internal laws of the State of New York.

     In Witness Whereof, the parties have caused this Amendment to be executed
and delivered by their duly authorized officers as of the date first above
written.

                               ABN AMRO Bank N.V., as the Agent, as the
                                Liquidity Provider and as the Enhancer

                           By:
                           Title:

                           By:
                           Title:

                           Windmill Funding Corporation

                           By:
                           Title:

                           Crompton & Knowles Receivables Corporation

                           By:
                           Title:

                           Crompton Corporation (as successor by merger with
                           Crompton & Knowles Corporation)

                           By:
                           Title:

                             Exhibit E

              Addresses and Names of Seller and Originators

1.     Locations.  (a) The chief executive office of the Seller and each
Originator are located at the following address:

               Crompton & Knowles Receivables Corporation
               Benson Road
               Middlebury, Connecticut 06749

               Uniroyal Chemical Company, Inc.
               Benson Road
               Middlebury, Connecticut 06749

               Crompton Corporation
               One American Lane
               Greenwich, Connecticut 06831-2559

               Davis Standard Corporation
               1 Extrusion Drive
               Pawcatuck, Connecticut 06379

               Paratec Elastomers LLC
               Benson Road
               Middlebury, Connecticut 06749

               Crompton & Knowles Colors, Incorporated
               500 Pear Street
               Reading, Pennsylvania 19603

No such address was different at any time since December 31, 1997

(b)     The following are all the locations where the Seller and each
Originator directly or through its agents maintain any Records:

               One American Lane
               Greenwich, Connecticut 06831-2559

               World Headquarters
               Benson Road
               Middlebury, Connecticut  06749

2.     Names.  The following is a list of all names (including trade names or
similar appellations) used by the Seller and each Originator or any of its
divisions or other business units:

                              None.

                           Exhibit G

                  Lock Boxes and Lock-Box Banks

Bank                   Lock-Box Number               Collection Account

Citibank                8429 and 2049                      4049-8376
Fleet Bank              30586                              058-8001
Mellon Bank, N.A.       360-313                            014-3626
                        010-642                            005-3575
Citibank Delaware       7302                               30444171
First Union             8500 (Philadelphia, PA)            200081-2645033
                        601247 (Charlotte, NC)EXHIBIT 10.265

             AMENDMENT NUMBER 1 TO RECEIVABLES PURCHASE AGREEMENT

          THIS AMENDMENT NUMBER 1, dated as of December 9, 1999 (the
"Amendment") to the RECEIVABLES PURCHASE AGREEMENT, dated as of December 11,
1998 (the "Agreement"), is between and among CK WITCO CORPORATION (as
successor by merger with Crompton & Knowles Corporation), as the Initial
Collection Agent, UNIROYAL CHEMICAL COMPANY, INC., UNIROYAL CHEMICAL EXPORT
LTD., CROMPTON & KNOWLES COLORS INCORPORATED and DAVIS STANDARD CORPORATION
(each a "Seller" and collectively, the "Sellers"), CROMPTON & KNOWLES
RECEIVABLES CORPORATION, a Delaware corporation ("Buyer") and ABN AMRO BANK
N.V. (the "Agent").

                             W I T N E S S E T H:

          WHEREAS, the Sellers and the Buyer have previously entered into the
Agreement pursuant to which the Sellers agreed to sell to Buyer, and Buyer
agreed to buy from each of the Sellers, all of the Receivables and Related
Assets generated by each such Seller;

          WHEREAS, pursuant to the Agreement, Buyer has transferred to ABN
AMRO Bank N.V. as agent for Windmill Funding Corporation and the Committed
Purchasers all of Buyer's right, title and interest in and to the Agreement,
including, without limitation, interests in the Receivables sold to Buyer
pursuant thereto;

          WHEREAS, the parties hereto desire to terminate Crompton and Knowles
Colors Incorporated ("Colors") as a Seller under the Agreement effective as of
November 1, 1999;

          NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound, agree as follows:

     SECTION 1. Defined Terms.  Unless otherwise amended by the terms of this
Agreement, terms used in this Amendment shall have the meanings assigned in
the Agreement.

     SECTION 2.  Amendments to Agreement.

          (a)     As contemplated by Section 8.1 of the Agreement, each of the
parties hereto agrees that effective as of November 1, 1999, Colors shall have
no further obligation to sell, transfer, assign, set over and otherwise convey
to Buyer any Receivables and other Related Purchased Assets originated by
Colors.  Each of the parties hereto hereby agree to waive the written notice
requirements set forth in Section 8.1 of the Agreement.

          (b)     Each of the parties hereto also agrees that from time to
time, at the expense of the requesting party, it will promptly, upon
reasonable request and at the expense of the requesting party, execute and
deliver all further instruments and documents, and take all further action, in
order to implement the terms of this Agreement including, with limitation:

               (i)     executing and filing such UCC termination statements,
and such other instruments or notices, Colors may reasonably determine to be
necessary or appropriate, and

               (ii)     notifying the Lockboxes to which the Receivables and
the Related Assets originated by Colors are remitted of the purchase described
herein.

     SECTION 3.  Effectiveness of Agreement. Except as expressly amended by
the terms of this Amendment, all terms and conditions of the Agreement, as
amended, shall remain in full force and effect.

     SECTION 4.  Execution in Counterparts, Effectiveness.  This Amendment may
be executed by the parties hereto in several counterparts, each of which shall
be executed by the parties hereto and be deemed an original and all of which
shall constitute together but one and the same agreement.

     SECTION 5.  Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO
CONFLICT OF LAW PRINCIPLES, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK.

                            [Signatures Follow]

     IN WITNESS WHEREOF, the Initial Collection Agent, the Sellers, the Buyer
and the Agent have caused this Amendment Number 1 to the Receivables Purchase
Agreement to be executed by their respective officers thereunto duly
authorized as of the day and year first above written.

                                     CK WITCO CORPORATION (successor-in-intent
                                     to Crompton & Knowles Corporation), as
                                     Initial Collection Agent

                                      By:
                                      Title:

                                      UNIROYAL CHEMICAL COMPANY, INC., as
                                      Seller

                                      By:
                                      Title:

                                      UNIROYAL CHEMICAL EXPORT LTD., as Seller

                                      By:
                                      Title:

                                      DAVIS STANDARD CORPORATION, as Seller

                                      By:
                                      Title:

                                      CROMPTON & KNOWLES COLORS INCORPORATED,
                                      as Seller

                                      By:
                                      Title:

                                      CROMPTON & KNOWLES RECEIVABLES
                                      CORPORATION, as the Buyer

                                      By:
                                      Title:

                                      ABN AMRO BANK N.V., as Agent

                                      By:
                                      Title:

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