Document:

EXECUTION COPY

                       THIRD AMENDMENT TO CREDIT AGREEMENT
                               AND LIMITED WAIVER

FIRSTAR BANK, N. A., as Agent
(formerly known as Firstar Bank Milwaukee, N. A.)
Milwaukee, Wisconsin
and The Financial Institutions Identified Herein

Ladies and Gentlemen:

     The undersigned,  NORTHLAND CRANBERRIES, INC., a Wisconsin corporation (the
"Company") hereby requests that the undersigned financial institutions (together
with their respective successors and assigns,  collectively,  the "Banks") agree
to further amend the Credit  Agreement dated as of March 15, 1999, as amended as
of May 1,  1999 and  December  29,  1999  (the  "Credit  Agreement"),  among the
Company,  certain of the Banks and Firstar Bank,  N. A., as agent,  and to waive
certain defaults,  all on the terms and conditions set forth below.  Capitalized
terms used herein and not defined  shall have the meanings  assigned  thereto in
the Credit Agreement.

     1. Amendment to Section 1.1.  Section 1.1 of the Credit  Agreement shall be
amended to read as follows:

          Section 1.1.  The  Revolving  Credit.  Subject to all of the terms and
     conditions  hereof,  each Bank,  severally and for itself alone,  agrees to
     extend such Bank's Percentage of a revolving credit facility to the Company
     which may be availed of by the Company in its discretion from time to time,
     be repaid and used  again,  during the period  from the date  hereof to and
     including the  Revolving  Credit  Termination  Date.  The revolving  credit
     facility may be utilized by the Company in the form of (i) revolving credit
     loans   (individually  a  "Revolving  Credit  Loan"  and  collectively  the
     "Revolving  Credit  Loans") from the Banks  according  to their  respective
     Percentages,  (ii) swing line loans  (individually  a "Swing Line Loan" and
     collectively,  the "Swing Line Loans") from the Swing Line Lender, pursuant
     to Section 1.2 hereof,  and (iii) L/Cs issued by the Issuer upon request of
     the  Company and in which each Bank shall have  purchased a  participation,
     provided that the aggregate  amount of the  Revolving  Credit Loans,  Swing
     Line Loans,  Reimbursement  Obligations and the maximum amount available to
     be drawn  under all L/Cs  outstanding  at any one time shall not exceed One
     Hundred Fifty Five Million  Dollars  ($155,000,000),  which amount shall be
     reduced by Five Million Dollars ($5,000,000) on the last day of each of the
     first and third fiscal  quarters of the Company  commencing with the fiscal
     quarters  ending  November  30,  2000  and  May  31,  2001  and  continuing
     thereafter  until the Revolving  Credit  Termination Date (as so reduced at
     any time, the "Revolving  Credit  Commitment").  All Revolving Credit Loans
     shall be evidenced by Revolving Credit Notes of the Company (the "Revolving
     Credit Notes")  payable to the order of each of the Banks in the amounts of
     their respective  Percentages

<PAGE>

     of the  Revolving  Credit  Commitment  (prior to giving  any  effect to any
     reduction  in the amount  thereof),  such  Revolving  Credit Notes to be in
     substantially  the form attached  hereto as Exhibit 1.1.  Without regard to
     the face  principal  amounts of each of the  Revolving  Credit  Notes,  the
     actual principal amount at any time outstanding and owing by the Company on
     account   thereof  during  the  period  ending  on  the  Revolving   Credit
     Termination  Date shall be the sum of all  Revolving  Credit  Loans then or
     theretofore  made thereon less all  principal  payments  actually  received
     thereon during such period.

     2. Amendment to Section 3.3.  Section 3.3 of the Credit  Agreement shall be
amended to add the following sentence at the end of such Section:

     In the event Cliffstar  Corporation  ("Cliffstar") shall at any time prepay
     in the case of clause  (a) or pay in the case of clause  (b) (a  "Cliffstar
     Prepayment")  all or any portion of (a) that certain  Promissory Note dated
     March 8, 2000 in the original  principal  amount of $28,000,000  payable by
     Cliffstar  to the  Company  (the  "Cliffstar  Note"),  or (b) the  "Earnout
     Termination  Payment" (as defined in that certain Asset Purchase  Agreement
     dated January 5, 2000 by and between Cliffstar and the Company,  as amended
     by that certain First  Amendment to Asset  Purchase  Agreement  dated as of
     March 8, 2000 (as so amended,  the "Asset  Purchase  Agreement")),  in each
     case  other  than  in  connection  with  regularly  scheduled  payments  of
     principal  and/or  interest,  as the case may be, and in the case of clause
     (a)  regular  payments  of the  "Earnout  Amount"  (as defined in the Asset
     Purchase  Agreement)  that are applied  against the principal due under the
     Cliffstar  Note,  the Company  shall,  not later than 5:00 p.m.  (Milwaukee
     time) on the  Business  Day  following a Cliffstar  Prepayment,  pay to the
     Agent  for  the pro  rata  account  of the  Banks  as and  for a  mandatory
     prepayment  on the  Revolving  Credit  Notes,  the amount of the  Cliffstar
     Prepayment.

     3. Amendment to Section 3.4.  Section 3.4 of the Credit  Agreement shall be
amended to add the following sentence at the end of such Section:

     In the event of any Cliffstar  Prepayment,  the Revolving Credit Commitment
     shall be  reduced,  without  any  action  by or  notice  on the part of the
     Company,  to the difference between (a) the Revolving Credit Commitment and
     (b) the sum of the  aggregate  amount of any  partial  terminations  of the
     Revolving  Credit  Commitment  pursuant to this  Section  prior to the date
     hereof and the amount of the Cliffstar Prepayment.

     4. Amendment to Section 7.4.  Section 7.4 of the Credit  Agreement shall be
amended to read as follows:

          Section 7.4. Financial  Reports.  The Company will maintain a standard
     and  modern  system of  accounting  in  accordance  with  sound  accounting
     practice and will furnish with  reasonable  promptness to the Agent and its
     duly authorized  representatives  such information  respecting the business
     and  financial  condition  of the  Company and its  Subsidiaries  as may be
     reasonably requested and, without any request, will furnish to the Agent:

                                       2
<PAGE>

               (a) as soon as  available,  and in any event  within  thirty (30)
          days after the close of each monthly fiscal period of the Company,  an
          unaudited,  consolidated balance sheet and consolidated  statements of
          income of the  Company as at the end of and for such month and for the
          year-to-date  period then ended, in reasonable detail and, in the case
          of the quarterly financial statements, stating in comparative form the
          figures for the corresponding  date and periods in the previous fiscal
          year,  all prepared in  accordance  with general  accepted  accounting
          principles,  subject to year-end audit  adjustments and the absence of
          footnotes; and

               (b) as soon as available, and in any event within forty five (45)
          days after the close of each quarterly fiscal period of the Company, a
          copy of the  Quarterly  Report on Form 10-Q filed with the  Securities
          and Exchange Commission (the "SEC"); and

               (c) as soon as  available,  and in any event  within  ninety (90)
          days after the close of each fiscal  year,  a copy of the audit report
          for such  year and  accompanying  consolidated  financial  statements,
          including  balance sheet,  reconciliation  of change in  stockholders'
          equity,  profit  and  loss  statement  and  statement  of  source  and
          application of funds for the Company and its  Subsidiaries  showing in
          comparative  form the  figures  for the  previous  fiscal  year of the
          Company, all in reasonable detail,  prepared and certified by Deloitte
          &  Touche  or  other  independent  public  accountants  of  nationally
          recognized standing selected by the Company and reasonably  acceptable
          to the Agent; and

               (d) each of the consolidated  financial  statements  furnished to
          the Agent  pursuant  to  paragraphs  (a),  (b) and (c) above  shall be
          accompanied  by a  Compliance  Certificate  in the form of Exhibit 7.4
          attached hereto signed by its Vice President-Finance; and

               (e)  promptly  upon  their  becoming  available,  copies  of  all
          registration  statements and regular periodic  reports,  if any, which
          the Company shall have filed with the SEC or any  governmental  agency
          substituted therefor,  or any national securities exchange,  including
          copies  of  the  Company's  Annual  Report  on  Form  10-K,  including
          financial statements audited by Deloitte & Touche or other independent
          public accountants of nationally  recognized  standing selected by the
          Company and reasonably acceptable to the Agent; and

               (f) promptly upon the mailing thereof to the  shareholders of the
          Company generally,  copies of all consolidated  financial  statements,
          reports  (including the Company's Annual Report to  Shareholders)  and
          proxy statements so mailed; and

               (g) as soon as  available,  and in any event  within  thirty (30)
          days prior to the end of each  fiscal year of the  Company,  a copy of
          the Company's consolidated business plan and operating projections for
          the  following  fiscal  year,

                                       3
<PAGE>

          such plan to be in  reasonable  detail  prepared by the Company and in
          form reasonably satisfactory to the Agent.

     5. Amendment to Section 7.6.  Section 7.6 of the Credit  Agreement shall be
amended to read as follows:

          Section  7.6  Consolidation  and  Merger.  Neither the Company nor any
     Subsidiary will consolidate with or merge into or sell all or substantially
     all of their  respective  assets to any Person,  without the prior  written
     consent of the Banks.

     6. Amendment to Section 7.8.  Section 7.8 of the Credit  Agreement shall be
amended to read as follows:

          Section 7.8. Minimum Tangible Net Worth. The Company will continuously
     maintain Tangible Net Worth (i) as of March 31, 2000 and through August 30,
     2000 of not less than One Hundred  Twenty Million  Dollars  ($120,000,000),
     and (ii) as of August 31, 2000 and  thereafter of not less than One Hundred
     Twenty Five Million Dollars ($125,000,000).

     7. Amendment to Section 7.9.  Section 7.9 of the Credit  Agreement shall be
amended to read as follows:

          Section 7.9. Fixed Charge Coverage Ratio.  The Company will not, as of
     the last day of each  fiscal  quarter  during the term  hereof,  permit its
     Fixed Charge Coverage Ratio to be less than the following ratios:

                                                     Minimum Fixed Charge
                                                     --------------------
          Period                                       Coverage Ratio
          ------                                       --------------

          April 1, 2000 to August 31, 2000             1.25   :   1.0
          September 1, 2000 to February 27, 2001       1.50   :   1.0
          February 28, 2001 and thereafter             1.75   :   1.0

     8. Amendment to Section 7.10. Section 7.10 of the Credit Agreement shall be
amended to read as follows:

          Section 7.10. Funded Debt to Capitalization.  The Company will not, as
     of the last day of each fiscal quarter  during the term hereof,  permit the
     ratio of its (i) Funded Debt to (ii) the sum of Funded Debt plus Net Worth,
     to exceed the following:

                                                 Maximum Funded Debt to
          Period                                  Capitalization Ratio
          ------                                  --------------------

          April 1, 2000 to August 31, 2000         .55    :   1.0
          September 1, 2000 and thereafter         .50    :   1.0

                                       4
<PAGE>

     9. Amendment to Section 8.1.  Section 8.1 of the Credit  Agreement shall be
amended by deleting the word "or" at the end of subsection (g) and the period at
the end of  subsection  (h) and  inserting in lieu thereof "; or" and adding the
following subsection (i):

               (i) There shall occur a "Change in Control"  with  respect to the
          Company.  For this purpose, a "Change in Control" means any one of the
          following:

                    (A)  Any  person or group of  persons  (as  defined  in Rule
                         13d-5  under  the  Securities  Exchange  Act of  1934),
                         together  with its  affiliates  become  the  beneficial
                         owner, directly or indirectly,  of more than 50% of the
                         then  outstanding  Common  Stock of the Company or more
                         than  50% of the  then  outstanding  securities  of the
                         Company entitled  generally to vote for the election of
                         directors ("Voting Securities");

                    (B)  The  Company  merges  with or into any  Person,  or any
                         Person merges with or into the Company in a transaction
                         in  which  the   outstanding   Voting   Securities  are
                         converted  into or exchanged  for cash,  securities  or
                         other  property  other  than a  transaction  where  the
                         Voting Securities outstanding immediately prior to such
                         transaction  are converted into or exchanged for voting
                         stock of the  surviving or  transferee  Person and such
                         voting stock  constitutes a majority of the outstanding
                         shares of voting stock of such  surviving or transferee
                         Person   (immediately   after  giving  effect  to  such
                         issuance); or

                    (C)  All or  substantially  all of the assets of the Company
                         and its Subsidiaries, on a consolidated basis, are sold
                         or disposed of.

     10.  Amendment  to Section  8.2.  The first  clause of Section 8.2 shall be
amended to read as follows:

          When any Event of Default, other than an Event of Default described in
     subsections  (g),  (h) or (i) of Section 8.1 hereof,  has  occurred  and is
     continuing,  the Agent upon  instruction  of the Required  Banks shall,  by
     notice to the Company, take either or both of the following actions:...

     11.  Amendment  to Section  8.3.  The first  clause of Section 8.3 shall be
amended to read as follows:

          When any Event of Default described in subsections 8.1(g),  8.1.(h) or
     8.1(i) has occurred and is continuing,...

                                       5
<PAGE>

     12.  Amendment  to Section 9.  Section 9 of the Credit  Agreement  shall be
amended by amending the definition of "Net Income" to read as follows:

          "Net  Income"  shall  mean   consolidated  net  income  determined  in
     accordance  with generally  accepted  accounting  principles,  consistently
     applied;  provided,  however,  that for  purposes  of  Section  7.9 of this
     Agreement,  Net Income  will be  calculated  without  giving  effect to the
     Company's February 29, 2000 $30,000,000 pre-tax extraordinary charge.

     13. Defaults and Limited Waiver. The Company hereby acknowledges and agrees
that  prior to giving  any  effect to the  amendments  to the  Credit  Agreement
contained  herein,  certain  Events of Default  have  occurred  under the Credit
Agreement on account of the Borrower's  failure to comply with the provisions of
Sections 7.8, 7.9 and 7.10 for the fiscal period ending  February 29, 2000. Upon
the  effectiveness of this Amendment in accordance with Paragraph 13, below, the
Banks agree to waive the Events of Default  described  above as of February  29,
2000.  This  waiver  shall not apply to any other  Events of  Default  under the
Credit Agreement whether now existing or occurring after the date hereof.

     14. Consent to Sale of Private Label Juice Business.  Pursuant to Paragraph
8 of the Second  Amendment to Credit  Agreement and Consent dated as of December
29, 1999, the Banks consented to the sale of the Company's "private label" juice
business  substantially  on the terms  outlined on Exhibit A to that  Amendment.
Subsequent to the date of such  Amendment,  and in the process of finalizing the
terms of the sale, certain terms outlined in such Exhibit A were changed and the
sale was consummated on the terms set forth on Exhibit A hereto. The Company has
delivered the original  Cliffstar  Note to the Agent and  concurrently  with the
execution  hereof will enter into a Collateral  Pledge Agreement in favor of the
Agent with respect to the Cliffstar Note. The definition of "Loan  Documents" in
the Credit Agreement shall be amended to include the Collateral Pledge Agreement
as one of the Loan  Documents.  Subject  to the  terms  and  conditions  of this
Amendment the  undersigned  Banks hereby ratify and confirm their consent to the
sale by the Company of those assets comprising the Company's private label juice
business on the revised terms.

     15. Field Exam. The Banks hereby reserve the right to require the Agent, on
their  behalf,  to conduct a field exam of the Company  and the  Company  hereby
acknowledges  such  reservation  and agrees to  cooperate  with the Agent in its
conduct of such an exam.  The Company  further agrees that such an exam would be
at the expense of the Company.

     16. Fees.

          (a) Amendment and Waiver Fee. In  consideration  of the Banks entering
     into this Amendment and providing the waivers set forth herein, the Company
     shall  pay to the  Agent  for the pro  rata  account  of the  Banks a fully
     earned,  non-refundable  fee in the amount of Three  Hundred  Eighty  Seven
     Thousand Five Hundred Dollars  ($387,500),  which fee shall be payable upon
     execution of this Amendment.

                                       6
<PAGE>

          (b) Change of Control Fee. In the event of a sale of substantially all
     of the assets of the Company or a majority of the outstanding  stock of the
     Company in one transaction or a series of related transactions, the Company
     agrees to pay to the Agent,  for the pro-rata  account of the Banks a fully
     non-refundable  fee in an amount equal to three fourths  percent  (.75%) of
     the  Revolving  Credit  Commitment.  The  provision in this  Amendment  for
     payment of such fees shall not  constitute  consent to such an action where
     required pursuant to the Credit Agreement.

     17.  Effectiveness.  This Amendment shall become  effective as of April 13,
2000 upon the Agent's  receipt of a copy of this  Amendment duly executed by the
Company and the Banks, together with the following:

          (a) a Collateral Pledge Agreement executed by the Company with respect
     to the Note to the  Company  from  the  Buyer of its  private  label  juice
     business;

          (b) a certificate  of the Secretary of the Company as to the continued
     effectiveness,  without  amendment,  of the Articles of  Incorporation  and
     Bylaws  of the  Company  delivered  to the  Agent on March  14,  1999,  the
     signatures of officers of the Company  authorized to execute this Amendment
     and the attached resolutions  authorizing the transactions  contemplated by
     this Amendment; and

          (c) Payment of the  amendment  and waiver fee  described  in Paragraph
     16(a), above.

     18.  Representations  and Warranties of the Company. In order to induce the
Banks to enter into this Amendment and in recognition of the fact that the Banks
are acting in reliance  thereupon,  the Company  represents  and warrants to the
Banks as follows:

          (a) The Company has the  corporate  power and authority to enter into,
     deliver and issue this Amendment and to continue to borrow under the Credit
     Agreement,  as amended  hereby.  Each of the Credit  Agreement,  as amended
     hereby,  and this  Amendment  when duly  executed on behalf of the Company,
     constitute  the  legal,  valid  and  binding  obligations  of the  Company,
     enforceable against the Company in accordance with their terms; and

          (b) The execution and delivery of this  Amendment and the  prospective
     borrowing  and  performance  by the  Company of its  obligations  under the
     Credit Agreement,  as amended hereby, have been authorized by all necessary
     action on the part of the Company; and

          (c) The representations and warranties of the Company contained in the
     Credit Agreement,  as amended hereby,  are true and correct in all material
     respects as of the date of this  Amendment  as though made on and as of the
     date of this Amendment; and

          (d) Except as provided in Paragraph 13, above,  as of the date of this
     Amendment  no Event of Default,  or default  which with the passage of time
     would

                                       7
<PAGE>

     constitute an Event of Default under the Credit Agreement, has occurred and
     is continuing; and

          (e) The  Company  is liable,  without  offset,  counterclaim  or other
     defense, for all obligations of the Company to the Banks; and

          (f) No information,  financial statement,  exhibit or report furnished
     by the  Company  to the Agent in  connection  with the  negotiation  of, or
     pursuant to, this Amendment, contains any material misstatement of fact, or
     omits to state a material  fact,  or omits any fact  necessary  to make the
     statements  contained therein,  in light of the circumstances in which they
     were made, not misleading as of the date when made.

     19.  Counterparts.  This  Amendment  may  be  executed  in  any  number  of
counterparts,  and by different parties hereto on separate counterparts, and all
such counterparts  taken together shall be deemed to constitute one and the same
instrument.

     20. Miscellaneous.

          (a) Each reference in the Credit  Agreement to "this  Agreement" shall
     be deemed a reference to the Credit Agreement as amended by this Amendment.

          (b) In  accordance  with  Section  10.4 of the Credit  Agreement,  the
     Company shall pay or reimburse the Agent for all of its expenses, including
     reasonable  attorneys' fees and expenses,  incurred in connection with this
     Amendment,  for the  preparation,  examination and approval of documents in
     connection  herewith,  the  preparation  hereof and  expenses  incurred  in
     connection herewith.

          (c) This Amendment is being  delivered and is intended to be performed
     in the State of Wisconsin and shall be construed and enforced in accordance
     with the laws of that state without  regard for the principals of conflicts
     of laws.

          (d)  Except as  expressly  modified  or  amended  herein,  the  Credit
     Agreement  shall  continue in effect and shall continue to bind the parties
     hereto.  This Amendment is limited to the terms and  conditions  hereof and
     shall not  constitute  a  modification,  acceptance  or waiver of any other
     provision of the Credit Agreement.

                            [Signatures on next page]

                                       8
<PAGE>

     If  this  Third  Amendment  to  Credit  Agreement  and  Limited  Waiver  is
satisfactory  to you,  please  sign  the form of  acceptance  below.  Dated  and
effective as of the 13th day of April, 2000.

                                       Very truly yours,

                                       NORTHLAND CRANBERRIES, INC.

                                       By: /s/ John Swendrowski
                                          ------------------------------------
                                          Chairman and Chief Executive Officer

     Accepted and agreed to as of the day and year last above written.

                                        FIRSTAR BANK, N. A.

                                        By: /s/ Randy D. Olver
                                            -----------------------------------

                                        Address:

                                        777 East Wisconsin Avenue
                                        Milwaukee, Wisconsin  53202
                                        Attention: Randy D. Olver, Senior Vice
                                                   President

                                        NORWEST BANK MINNESOTA, N. A.

                                        By:____________________________________
                                        Its:___________________________________

                                        Address:

                                        Sixth Street and Marquette Avenue
                                        MAC N9305-114
                                        Minneapolis, Minnesota 55479
                                        Attention: Kenneth E. LaChance,
                                                   Assistant Vice President

                                       9
<PAGE>

                                        U.S. BANK NATIONAL ASSOCIATION

                                        By: /s/ Michael Fordney
                                            -----------------------------------

                                        Address:

                                        201 West Wisconsin Avenue
                                        Milwaukee, Wisconsin  53259-0911
                                        Attention: Michael Fordney, Senior
                                                   Vice President

                                        BANK OF AMERICA, NATIONAL
                                         ASSOCIATION

                                        By: /s/ Edward L. Cooper III
                                            -----------------------------------

                                        Address:

                                        231 South LaSalle Street
                                        Chicago, Illinois  60697
                                        Attention: Edward L. Cooper III, Senior
                                                   Vice President

                                        ST. FRANCIS BANK, F.S.B.

                                        By: /s/ John Tans
                                            -----------------------------------

                                        Address:

                                        13400 Bishops Lane, Suite 190
                                        Brookfield, Wisconsin  53005-6203
                                        Attention: John Tans, Vice President/
                                                   Commercial Banking

                                       10
<PAGE>

                                        M&I MARSHALL & ILSLEY BANK

                                        By: /s/
                                            -----------------------------------
                                             and

                                        By: /s/ Robert A. Nielsen
                                            -----------------------------------

                                        Address:

                                        770 North Water Street
                                        Milwaukee, Wisconsin  53202
                                        Attention:  Dennis D. Finnigan, Vice
                                                    President

                                        FLEET CAPITAL CORPORATION

                                        By: /s/ Edward M. Bartkowski
                                            -----------------------------------

                                        Address:

                                        20800 Swenson Drive, Suite 350
                                        Post Office Box 1641
                                        Waukesha, Wisconsin  53187
                                        Attention: Edward M. Bartkowski, Vice
                                                   President

                                        BANK ONE, NA

                                        By: /s/ Anthony F. Maggiore
                                            -----------------------------------

                                        Address:

                                        111 East Wisconsin Avenue
                                        Milwaukee, Wisconsin  53202
                                        Attention: Anthony F. Maggiore,
                                                   Managing Director

                                       11
<PAGE>

                                        LaSALLE BANK NATIONAL ASSOCIATION

                                        By: /s/ James A. Meyer
                                            -----------------------------------

                                        Address:
                                        411 East Wisconsin Avenue
                                        Milwaukee, Wisconsin  53202
                                        Attention: James A. Meyer, First Vice
                                                   President

                                       12EXECUTION COPY

--------------------------------------------------------------------------------

                            STOCK PURCHASE AGREEMENT

                                      AMONG

                            PLAYCORE HOLDINGS, INC.,

                           JASDREW ACQUISITION CORP.,

                                 PLAYCORE, INC.,

                                       AND

                         THE STOCKHOLDERS LISTED HEREIN

                           dated as of April 13, 2000

--------------------------------------------------------------------------------

<PAGE>
                                TABLE OF CONTENTS
                                -----------------
                                                                            Page
                                                                            ----
1.   Definitions..............................................................1
2.   Purchase of Purchase Shares and Securities...............................2
     2.1   Purchase of Purchase Shares........................................2
     2.2   Purchase of Securities.............................................3
     2.3   Purchase Price and Securities Purchase Price.......................3
     2.4   Purchase Closing...................................................3
     2.5   Payment of Purchase Price and Securities
           Purchase Price.....................................................3
     2.6   Conversion of Securities...........................................4

3.   Other Covenants, Representations and Warranties of
     Stockholders.............................................................4
     3.1   Ownership of Securities............................................4
     3.2   Power; Binding Agreement...........................................4
     3.3   No Conflicts.......................................................5
     3.4   No Encumbrances....................................................5
     3.5   No Solicitation....................................................5
     3.6   Restriction on Transfer, Proxies and
           Non-Interference...................................................6
     3.7   Waiver of Appraisal Rights.........................................6
     3.8   Reliance by Acquisition Company....................................6
     3.9   Further Assurances.................................................6
     3.10  No Finder's Fees...................................................6

4.   Parent and Acquisition Company Representations,
     Warranties and Covenants.................................................7

5.   Provisions Concerning Company Common Stock...............................7

6.   Conduct as to Subject Securities.........................................8
     6.1   Permission to Disclose.............................................8
     6.2   Stop Transfer; Changes in Shares...................................8

7.   Conduct as a Director....................................................8

8.   Miscellaneous............................................................8
     8.1   Entire Agreement...................................................8

                                      (i)
<PAGE>

     8.2   Certain Events.....................................................8
     8.3   Assignment.........................................................9
     8.4   Amendments, Waivers, Etc...........................................9
     8.5   Notices............................................................9
     8.6   Severability......................................................11
     8.7   Specific Performance..............................................11
     8.8   Remedies Cumulative...............................................11
     8.9   No Waiver.........................................................11
     8.10  No Third Party Beneficiaries......................................12
     8.11  Governing Law.....................................................12
     8.12  Jurisdiction......................................................12
     8.13  Descriptive Headings..............................................12
     8.14  Counterparts; Effectiveness.......................................12
     8.15  Termination.......................................................12
     8.17  Irrevocable Proxy.................................................12

                                    EXHIBITS
                                    --------

Exhibit A - Form of Irrevocable Proxy

                                    SCHEDULES
                                    ---------

Schedule 1 - List of Stockholders and Securities Ownership

                                      (ii)
<PAGE>

                            STOCK PURCHASE AGREEMENT

         STOCK PURCHASE AGREEMENT dated April 13, 2000, among PlayCore Holdings,
Inc., a Delaware corporation  ("Parent"),  Jasdrew Acquisition Corp., a Delaware
corporation  and a wholly-owned  subsidiary of Parent  ("Acquisition  Company"),
PlayCore,  Inc., a Delaware  corporation (the "Company"),  and the other parties
signatory   hereto   (individually  a  "Stockholder"   and   collectively,   the
"Stockholders").

                                   WITNESSETH:

     WHEREAS,   concurrently  herewith,  Parent,  Acquisition  Company  and  the
Company,  are entering into an Agreement  and Plan of Merger (as such  agreement
may hereafter be amended from time to time, the "Merger Agreement"), pursuant to
which  Acquisition  Company  will be  merged  with  and into  the  Company  (the
"Merger"); and

     WHEREAS,  as an  inducement  and a condition  to  entering  into the Merger
Agreement,  the parties  hereto have required that they agree,  and such parties
have agreed, to enter into this Agreement;

     NOW, THEREFORE,  in consideration of the foregoing and the mutual premises,
representations,  warranties,  covenants and agreements  contained  herein,  the
parties hereto, intending to be legally bound, hereby agree as follows:

     1. Definitions. For purposes of this Agreement:

          1.1.  "Acquisition  Company"  shall have the  meaning set forth in the
recitals hereto.

          1.2.  "Company"  shall  have the  meaning  set  forth in the  recitals
hereto.

          1.3.  "Company  Common Stock" shall mean at any time the Common Stock,
$.01 par value, of the Company.

          1.4.  "Existing  Shares" shall mean, with respect to any  Stockholder,
the  number  of  shares  of  Company   Common  Stock  set  forth  opposite  such
Stockholder's name on Schedule 1 hereto.

          1.5. "Merger" shall have the meaning set forth in the recitals hereto.

          1.6.  "Merger  Agreement"  shall  have the  meaning  set  forth in the
recitals hereto.

          1.7. "Notice" shall have the meaning set forth in Section 2.4 hereto.
<PAGE>

          1.8. "Parent" shall have the meaning set forth in the recitals hereto.

          1.9. "Proxy" shall have the meaning set forth in Section 8.16 hereto.

          1.10.  "Purchase  Closing" shall have the meaning set forth in Section
2.4 hereto.

          1.11. "Purchase Price" shall have the meaning set forth in Section 2.3
hereto.

          1.12.  "Purchase  Price Per Share" shall have the meaning set forth in
Section 2.3 hereto.

          1.13.  "Purchase  Securities"  shall  have the  meaning  set  forth in
Section 2.2 hereto.

          1.14.  "Purchase  Shares" shall mean, with respect to any Stockholder,
the Existing Shares and any Shares acquired by such  Stockholder  after the date
hereof.

          1.15.  "Securities"  shall mean  securities  of the Company other than
Company Common Stock.

          1.16.  "Securities Purchase Price" shall have the meaning set forth in
Section 2.3 hereto.

          1.17. "Shares" shall mean shares of Company Common Stock.

          1.18.  "Stockholder"  shall have the meaning set forth in the recitals
hereto.

          1.19.  "Subject  Securities"  shall mean the  Purchase  Shares and the
Securities.

          1.20.  "Termination  Date" shall have the meaning set forth in Section
8.15 hereto.

          1.21. Capitalized Terms. Capitalized terms used and not defined herein
have the respective meanings ascribed to them in the Merger Agreement.

     2.   Purchase of Purchase Shares and Securities.

          2.1 Purchase of Purchase  Shares.  Subject to the terms and provisions
of this Agreement,  at the Purchase Closing,  Acquisition  Company agrees to and
shall purchase from each  Stockholder and each  Stockholder  agrees to and shall
sell to Acquisition Company all of such Stockholder's  right, title and interest
in and to the Purchase Shares for the  consideration  specified below in Section
2.3.

                                      -2-
<PAGE>

          2.2 Purchase of  Securities.  Subject to the terms and  provisions  of
this Agreement, at the Purchase Closing, Acquisition Company agrees to and shall
purchase from each Stockholder and each Stockholder  agrees to and shall sell to
Acquisition  Company all of such Stockholder's  right, title and interest in and
to  all  outstanding   Securities  owned  by  such  Stockholder  (the  "Purchase
Securities") for the consideration specified below in Section 2.3.

          2.3  Purchase   Price  and   Securities   Purchase   Price.   In  full
consideration  for the  Purchase  Shares,  Acquisition  Company  shall  pay each
Stockholder a cash purchase price per share of Company Common Stock equal to the
highest cash price paid by  Acquisition  Company or the Company  pursuant to the
Offer, the Merger or otherwise (other than pursuant to Section 3.2 of the Merger
Agreement and other than in the  settlement or other  resolution of  litigation)
(the "Purchase Price Per Share", and as an aggregate,  the "Purchase Price"). In
full consideration for the Purchase Securities, Acquisition Company shall pay to
each Stockholder a cash purchase price equal to the Purchase Price Per Share for
each share of Company Common Stock such Stockholder would have received had such
Stockholder  exercised or converted such Purchase Securities into Company Common
Stock, net of any cost of such exercise or conversion (the "Securities  Purchase
Price").

          2.4  Purchase  Closing.  Subject to the terms and  conditions  of this
Agreement,  the closing of the purchase and sale of the Purchase  Shares and the
Purchase  Securities  provided for herein (the "Purchase Closing") will occur on
the first  business  day after the  Acceptance  Date,  or on such  other date as
Acquisition  Company and the  Stockholders may mutually  determine.  Acquisition
Company  shall  send  a  written  notice  (the  "Notice")  to  the  Stockholders
identifying  the place for the Purchase  Closing not less than two business days
prior to the Purchase Closing.

          2.5 Payment of  Purchase  Price and  Securities  Purchase  Price.  The
payment of the Purchase Price and the aggregate  Securities Purchase Price shall
be made by Acquisition  Company by wire transfer in immediately  available funds
on the date of the  Purchase  Closing,  and each  Stockholder's  portion  of the
Purchase Price and the aggregate  Securities Purchase Price shall be directed to
the  account of such  Stockholder  specified  on  Schedule  1 hereto;  provided,
however,  that, in the event the Purchase Price Per Share is increased after the
Purchase  Closing pursuant to Section 2.3, the aggregate amount of such increase
per Share shall be paid to each  Stockholder in immediately  available  funds at
the earliest of (a) within one business day after the Effective  Time or (b) the
date of any earlier payment of such increased Purchase Price Per Share.

          2.6 Conversion of Securities.  The Company shall permit  exercises and
conversions of the Purchase  Securities and shall cause shares of Company Common
Stock to be issued to

                                      -3-
<PAGE>

Acquisition  Company if Acquisition  Company  purchases the Purchase  Securities
immediately upon any such exercise or conversion.

     3. Other Covenants,  Representations  and Warranties of Stockholders.  Each
Stockholder  hereby  represents,  warrants  and  covenants,  severally  and  not
jointly, to Parent with respect to such Stockholder as follows:

          3.1 Ownership of Securities.  Stockholder is the record and beneficial
owner of the number of Subject  Securities set forth opposite such Stockholder's
name on Schedule 1 hereto. On the date hereof,  the Subject Securities set forth
opposite  such  Stockholder's  name on Schedule 1 hereto  constitute  all of the
Subject  Securities and Shares owned of record by such Stockholder.  Stockholder
has sole voting power and sole power to issue  instructions  with respect to the
matters set forth in this Agreement and the Proxy (as defined below), sole power
of  disposition,  sole power of exercise  and  conversion,  sole power to demand
appraisal rights and sole power to agree to all of the matters set forth in this
Agreement and Proxy, in each case with respect to all of the Subject  Securities
set forth opposite Stockholder's name on Schedule 1 hereto, with no limitations,
qualifications or restrictions on such rights,  subject to applicable securities
laws and the terms of this Agreement and the Proxy.

          3.2 Power;  Binding  Agreement.  Stockholder  has the legal  capacity,
power and authority to enter into and perform all of  Stockholder's  obligations
under this Agreement and the Proxy.  The execution,  delivery and performance of
this Agreement and the Proxy have been duly  authorized by such  Stockholder and
do not and will not violate any other agreement to which  Stockholder is a party
or by which any of such Stockholder's  Subject Securities are bound,  including,
without  limitation,  any voting  agreement,  stockholders  agreement  or voting
trust.  This  Agreement  and the Proxy have been duly and validly  executed  and
delivered by  Stockholder  and constitute  valid and binding  agreements of such
Stockholder,  enforceable  against such  Stockholder  in  accordance  with their
terms,  except as  enforceability  may be  limited  by  bankruptcy,  insolvency,
reorganization,  moratorium or other similar laws  affecting the  enforcement of
creditors' rights generally and by general equitable  principles  (regardless of
whether such  enforceability is considered in a proceeding in equity or at law).
There is no  beneficiary  or  holder  of a  voting  trust  certificate  or other
interest of any trust of which  Stockholder is trustee whose consent is required
for the execution and delivery of this Agreement,  the Proxy or the consummation
by the Stockholder of the transactions contemplated hereby and thereby.

          3.3 No  Conflicts.  Except for filings under the HSR Act, the Exchange
Act and any applicable  state antitrust laws, (a) no filing with, and no permit,
authorization,  consent or  approval  of, any state or  federal  public  body or
authority or any

                                      -4-
<PAGE>

other person is necessary for the  execution of this  Agreement and the Proxy by
Stockholder and the consummation by Stockholder of the transactions contemplated
hereby and thereby and (b) none of the execution and delivery of this  Agreement
and the  Proxy by  Stockholder,  the  consummation  by such  Stockholder  of the
transactions  contemplated  hereby and thereby or compliance by Stockholder with
any of the provisions hereof or thereof shall (i) conflict with or result in any
breach of any applicable organizational documents of Stockholder, (ii) result in
a violation or breach of, or constitute (with or without notice or lapse of time
or both) a  default  (or give  rise to any  third  party  right of  termination,
cancellation,  material  modification or  acceleration)  under any of the terms,
conditions  or  provisions  of any note,  bond,  mortgage,  indenture,  license,
contract, commitment, arrangement,  understanding, agreement or other instrument
or  obligation  of any kind to  which  Stockholder  is a party or by which  such
Stockholder or any of such  Stockholder's  properties or assets may be bound, or
(iii) violate any order, writ,  injunction,  decree,  judgment,  order, statute,
rule or regulation applicable to Stockholder or any of Stockholder's  properties
or assets.

          3.4 No Encumbrances.  Except pursuant to this Agreement and the Proxy,
Stockholder's Subject Securities and the certificates  representing such Subject
Securities  are now,  and at all times  during the term  hereof will be, held by
such  Stockholder,  or by a  nominee  or  custodian  for  the  benefit  of  such
Stockholder,  and will be transferred to Acquisition  Company or the Company (as
the case may be) at the Purchase Closing, free and clear of all claims, options,
third party rights, Liens, hypothecations,  security interests,  proxies, voting
trusts or agreements,  understandings or arrangements or any other  encumbrances
whatsoever, except for any such encumbrances or proxies arising hereunder.

          3.5 No  Solicitation.  Until the earlier of the Effective  Time or the
Termination Date,  Stockholder  shall not, in its capacity as such,  directly or
indirectly,  solicit (including by way of furnishing  information) or respond to
any  inquires or the making of any  proposal  by any person or entity,  or enter
into any negotiations,  agreements or understandings with any Person (other than
Parent,  Acquisition  Company or a Person  designated by Parent) with respect to
the Company that constitutes an Acquisition  Proposal.  If Stockholder  receives
any such inquiry or proposal in its capacity as a Stockholder,  then Stockholder
shall promptly inform Parent of the existence  thereof,  specifying  therein the
details thereof and the name of the Person making such inquiry or proposal.

          3.6 Restriction on Transfer,  Proxies and Non-Interference.  Beginning
on the date  hereof  and  ending on the  earlier  of the  Effective  Time or the
Termination  Date,  except as  required to comply  with the  provisions  of this
Agreement or the Proxy, the Stockholder shall not: (a) directly or indirectly,

                                      -5-
<PAGE>

offer for sale, sell, transfer,  tender, pledge,  encumber,  assign or otherwise
dispose  of, or enter  into any  contract  or option  with  respect to the sale,
transfer, tender, pledge,  encumbrance,  assignment or other disposition of, any
or all of such  Stockholder's  Subject  Securities or any interest therein;  (b)
grant any proxies or powers of attorney,  deposit any Subject  Securities into a
voting  trust or enter  into a voting  agreement  with  respect  to any  Subject
Securities;  (c) take any action that would make any  representation or warranty
of such  Stockholder  contained herein untrue or incorrect or have the effect of
preventing or disabling  Stockholder from performing  Stockholder's  obligations
under this  Agreement  or the Proxy;  or (d) acquire any  Company  Common  Stock
(other than acquisition upon exercise or conversion of Securities).

          3.7 Waiver of Appraisal  Rights.  Each  Stockholder  hereby waives any
rights of appraisal or rights to dissent  from the Merger that  Stockholder  may
have with respect to any Purchase Shares.

          3.8 Reliance by Parent. Each Stockholder  understands and acknowledges
that Parent is entering into, and causing Acquisition Company to enter into, the
Merger Agreement in reliance upon  Stockholder's  execution and delivery of this
Agreement and the Proxy.

          3.9 Further  Assurances.  From time to time and until the  Termination
Date, at any other party's request and without further consideration, each party
hereto shall  execute and deliver such  additional  documents  and take all such
further lawful action as may be reasonably  necessary or desirable to consummate
and make effective, in the most expeditious manner practicable, the transactions
contemplated by this Agreement and the Proxy.

          3.10 No Finder's  Fees.  Other than  existing  financial  advisory and
investment banking  arrangements and agreements entered into by the Company,  no
broker,  investment banker, financial adviser or other person is entitled to any
broker's,  finder's,  financial  adviser's or other similar fee or commission in
connection with the  transactions  contemplated  hereby based upon  arrangements
made by or on behalf of such Stockholder.

          4. Parent and  Acquisition  Company  Representations,  Warranties  and
Covenants.  Parent and Acquisition  Company hereby represent and warrant to each
Stockholder as to the matters set forth in Article V of the Merger Agreement, as
if such  representations  and  warranties  had been set forth in their  entirety
herein and addressed to each Stockholder.

          5. Provisions Concerning Company Common Stock. Each Stockholder hereby
agrees  that,  during the period  commencing  on the date hereof and  continuing
until the first to occur of the Effective Time or the  Termination  Date, at any
meeting of the holders of Company Common Stock, however called, or in connection

                                      -6-
<PAGE>

with  any  written  consent  of  the  holders  of  Company  Common  Stock,  such
Stockholder  shall vote (or cause to be voted) the Purchase Shares including any
Shares acquired by such Stockholder  after the date hereof:  (a) in favor of the
Merger,  the execution  and delivery by the Company of the Merger  Agreement and
the approval of the terms thereof and each of the other actions  contemplated by
the Merger  Agreement and this Agreement and any actions required in furtherance
thereof and hereof;  (b)  against any action,  any failure to act, or  agreement
that would result in a breach in any respect of any covenant,  representation or
warranty or any other  obligation  or agreement of the Company  under the Merger
Agreement or this Agreement  (before giving effect to any materiality or similar
qualifications  contained  therein);  and (c) except as  otherwise  agreed to in
writing in advance by Parent,  against  the  following  actions  (other than the
Merger  and the  transactions  contemplated  by the Merger  Agreement):  (i) any
extraordinary  corporate transaction,  such as a merger,  consolidation or other
business  combination  involving  the Company or any of its  Subsidiaries;  (ii)
declaration  of any dividend or issuance of any securities of the Company (other
than upon exercise or conversion  of  Securities  outstanding  prior to the date
hereof)  or any of its  Subsidiaries,  (iii)  a sale,  lease  or  transfer  of a
material   amount  of  assets  of  the  Company  or  its   Subsidiaries,   or  a
reorganization,  recapitalization,  dissolution or liquidation of the Company or
its  Subsidiaries;  (iv)  (A)  any  change  in a  majority  of the  persons  who
constitute the board of directors of the Company;  (B) any change in the present
capitalization  of the Company or any amendment of the Company's  Certificate of
Incorporation  or  Bylaws;  (C)  any  other  material  change  in the  Company's
corporate  structure or business;  or (D) any other action involving the Company
or its  Subsidiaries  which is intended,  or could  reasonably  be expected,  to
impede,  interfere with,  delay,  postpone,  or materially  adversely affect the
Merger and the  transactions  contemplated by, or which would result in a breach
of, this Agreement and the Merger  Agreement.  Each  Stockholder  agrees that it
shall not enter into any agreement with any Person prior to the Termination Date
the effect of which would be to violate the provisions and agreements  contained
in this Section 5.

     6.   Conduct as to Subject Securities.

          6.1 Permission to Disclose.  Each Stockholder  hereby agrees to permit
Parent and  Acquisition  Company to publish and disclose in any documents  filed
with any  Governmental  or Regulatory  Authority in connection  with the Merger,
including the Proxy Statement  (including all documents and schedules filed with
the SEC),  its identity and ownership of Company Common Stock and Securities and
the  nature of its  commitments,  arrangements  and  understandings  under  this
Agreement.

          6.2 Stop Transfer;  Changes in Shares.  Each Stockholder  agrees with,
and covenants to, Parent that beginning on the date hereof until the Termination
Date,  such  Stockholder  shall not request  that the  Company,  and the Company
hereby agrees

                                      -7-
<PAGE>

with,  and covenants to, Parent that  beginning on the date hereof and ending on
the  Termination  Date  it  will  not,  register  the  transfer  (book-entry  or
otherwise) of any certificate or  uncertificated  interest  representing  any of
such  Stockholder's  Subject  Securities,   unless  such  transfer  is  made  in
compliance with this Agreement.  In the event of a dividend or distribution,  or
any change in the  Company  Common  Stock by reason of any  dividend,  split-up,
recapitalization, combination, exchange of shares or the like, the term "Shares"
shall be deemed to refer to and include the Shares as well as all such dividends
and  distributions  and any  shares  into  which or for  which any or all of the
Shares may be changed or  exchanged  and the  Purchase  Price Per Share shall be
appropriately adjusted.

     7. Conduct as a Director. Notwithstanding anything in this Agreement to the
contrary, the covenants and agreements set forth herein shall not prevent any of
the  Stockholders'  designees  serving on the Company's  Board of Directors from
taking any action, subject to the applicable provisions of the Merger Agreement,
while acting in such designee's capacity as a director of the Company; provided,
that, such action shall not in any manner affect Stockholders' obligations under
this Agreement or the Proxy.

     8. Miscellaneous.

          8.1  Entire  Agreement.  This  Agreement,  the  Proxy  and the  Merger
Agreement  constitute the entire agreement among the parties with respect to the
subject   matter   hereof  and  supersede   all  other  prior   agreements   and
understandings,  both written and oral, among any of the parties with respect to
the subject matter hereof.

          8.2 Certain Events.  Each  Stockholder  agrees that this Agreement and
the Proxy and the  obligations  hereunder  and  thereunder  shall attach to such
Stockholder's  Subject Securities and shall be binding upon any person or entity
to which legal or beneficial ownership of such Securities shall pass, whether by
operation of law or otherwise, including, without limitation, such Stockholder's
heirs, guardians, administrators or successors.  Notwithstanding any transfer of
Subject  Securities,  the transferor  shall remain liable for the performance of
all obligations of the transferor under this Agreement.

          8.3 Assignment. This Agreement shall not be assigned without the prior
written  consent of the other  parties  hereto  and no rights,  or any direct or
indirect  interest  herein,  shall be transferable  hereunder  without the prior
written consent of the other parties hereto; provided, that, Acquisition Company
may assign or  transfer  its rights  hereunder  to any other  Person  that is an
Affiliate of Parent,  which  assignment  shall not relieve  Parent of any of its
respective obligations hereunder.

                                      -8-
<PAGE>

          8.4  Amendments,  Waivers,  Etc.  This  Agreement  may not be amended,
changed,  supplemented,  waived or otherwise modified or terminated, except upon
the execution and delivery of a written agreement executed by all of the parties
to this Agreement.

          8.5  Notices.  All  notices,   requests,  claims,  demands  and  other
communications  hereunder  shall be in writing  and shall be given (and shall be
deemed to have been duly received if so given) by hand delivery, telegram, telex
or telecopy,  or by mail (registered or certified mail, postage prepaid,  return
receipt  requested)  or by  any  courier  services,  such  as  Federal  Express,
providing proof of delivery. All communications  hereunder shall be delivered to
the respective parties at the following addresses:

     If to Stockholders:   At the addresses set forth on Schedule 1 hereto
                                                         ----------

     with a copy to:       Latham & Watkins
                           233 South Wacker Drive
                           Suite 5800
                           Chicago, Illinois 60606
                           Attention:  Mark D. Gerstein
                           Telephone:  (312) 876-7700
                           Telecopy:   (312) 993-9767

     If to Parent or Acquisition Company:

                           Chartwell Investments II LLC
                           717 Fifth Avenue
                           23rd Floor
                           New York, New York 10022
                           Attention:  Michael S. Shein
                           Telephone:  (212) 521-5500
                           Telecopy:   (212) 521-5533

     with a copy to:       Akin, Gump, Strauss, Hauer
                             & Feld, L.L.P.
                           1333 New Hampshire Avenue, N.W.
                           Suite 400
                           Washington, D.C. 20036
                           Attention:  Russell W. Parks, Jr.
                           Telephone:  (202) 887-4092
                           Telecopy:   (202) 887-4288

     If to the Company:    PlayCore, Inc.
                           Riverfront Center, Suite 204
                           15 West Milwaukee Street
                           Janesville, Wisconsin  53545
                           Attention:
                           Telephone:  (608) 741-7183
                           Telecopy:   (608) 741-7191

                                      -9-
<PAGE>

     with a copy to:       Foley & Lardner
                           Firstar Center
                           777 East Wisconsin Avenue
                           Milwaukee, WI  53202-5367
                           Attention:  Benjamin F. Garmer, III
                           Telephone:  (414) 297-5675
                           Telecopy:  (414) 297-4900

or to such  other  address  as the  person  to whom  notice  is  given  may have
previously furnished to the others in writing in the manner set forth above.

          8.6 Severability.  Whenever possible, each provision or portion of any
provision of this  Agreement and the Proxy will be interpreted in such manner as
to be effective and valid under  applicable  law but if any provision or portion
of any provision of this  Agreement or the Proxy 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  will not affect
any other provision or portion of any provision in such  jurisdiction,  and this
Agreement  and the  Proxy  will be  reformed,  construed  and  enforced  in such
jurisdiction as if such invalid,  illegal or unenforceable  provision or portion
of any provision had never been contained herein.

          8.7 Specific  Performance.  Each of the parties hereto  recognizes and
acknowledges  that a breach by it of any  covenants or  agreements  contained in
this Agreement or the Proxy will cause the other parties to sustain  damages for
which it  would  not have an  adequate  remedy  at law for  money  damages,  and
therefore each of the parties hereto agrees that in the event of any such breach
the aggrieved parties shall be entitled to the remedy of specific performance of
such  covenants and agreements  and  injunctive  and other  equitable  relief in
addition to any other remedy to which they may be entitled, at law or in equity.

          8.8 Remedies  Cumulative.  All rights,  powers and  remedies  provided
under this  Agreement or the Proxy or otherwise  available in respect  hereof at
law or in equity shall be cumulative  and not  alternative,  and the exercise of
any thereof by any party shall not preclude the  simultaneous  or later exercise
of any other such right, power or remedy by such party.

          8.9 No Waiver.  The failure of any party hereto to exercise any right,
power or  remedy  provided  under  this  Agreement  or the  Proxy  or  otherwise
available in respect hereof at law or in equity, or to insist upon compliance by
any other party hereto with its  obligations  hereunder or  thereunder,  and any
custom or practice of the parties at variance  with the terms hereof or thereof,
shall not constitute a waiver by such party of its right to exercise any such or
other right, power or remedy or to demand such compliance.

                                      -10-
<PAGE>

          8.10 No Third Party  Beneficiaries.  This Agreement is not intended to
be for the benefit of, and shall not be enforceable by, any person or entity who
or which is not a party hereto.

          8.11 Governing Law. This Agreement and the Proxy shall be governed and
construed in accordance  with the laws of the State of Delaware,  without giving
effect to the principles of conflicts of law thereof.

          8.12  Jurisdiction.  Each  party  hereby  irrevocably  submits  to the
exclusive  jurisdiction  of the United States District Court for the District of
Delaware or any court of the State of Delaware located in the City of Wilmington
in any action,  suit or proceeding  arising in connection with this Agreement or
the Proxy, and agrees that any such action,  suit or proceeding shall be brought
only in such court (and waives any  objection  based on forum non  conveniens or
any other objection to venue therein);  provided,  however, that such consent to
jurisdiction  is solely for the  purpose  referred to in this  Section  8.12 and
shall  not be  deemed to be a general  submission  to the  jurisdiction  of said
Courts or in the State of Delaware other than for such purposes.

          8.13 Descriptive  Headings.  The descriptive  headings used herein are
inserted for convenience of reference only and are not intended to be part of or
to affect the meaning or interpretation of this Agreement.

          8.14  Counterparts;  Effectiveness.  This Agreement may be executed in
counterparts, each of which shall be deemed to be an original, but all of which,
taken together, shall constitute one and the same Agreement. Notwithstanding the
foregoing,  this Agreement  shall not be effective as to any  Stockholder  until
executed by all parties hereto.

          8.15 Termination. This Agreement will automatically terminate upon the
termination of the Merger Agreement for any reason (the date of such termination
being referred to herein as the "Termination Date").

          8.16   Irrevocable   Proxy.   Each  Stockholder   acknowledges   that,
concurrently with the execution of this Agreement, it has executed and delivered
to  Acquisition  Company an  Irrevocable  Proxy,  the form of which is  attached
hereto as Exhibit A hereto (the "Proxy").

                                      -11-
<PAGE>

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

"PARENT"                                 PLAYCORE HOLDINGS, INC.

                                         By: /s/
                                            -----------------------------------
                                         Name:________________________________
                                         Title:_______________________________

"ACQUISITION COMPANY"                    JASDREW ACQUISITION CORP.

                                         By: /s/
                                            -----------------------------------
                                         Name:________________________________
                                         Title:_______________________________

"COMPANY"                                PLAYCORE, INC.

                                         By: /s/
                                            -----------------------------------
                                         Name:________________________________
                                         Title:_______________________________

"STOCKHOLDER"                            GREENGRASS HOLDINGS

                                         By: /s/
                                            -----------------------------------
                                         Name:________________________________
                                         Title:_______________________________

<PAGE>

                                  SCHEDULE 1 TO

                            STOCK PURCHASE AGREEMENT
                            ------------------------

--------------------------------------------------------------------------------
                                        Number of Warrants
                                       (and Shares into which
Name, Address and Bank   Number of        such Warrants are          Amount of
Account of Stockholder  Shares Owned       exercisable)             Debentures
--------------------------------------------------------------------------------
GreenGrass Holdings       5,345,905     1 Warrant to purchase     $7,257,912.86
                                         50,000 Shares             convertible
                                                                   into
                                                                   1,376,568
                                                                   Shares
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

                                  Schedule 1-1
<PAGE>

                                    EXHIBIT A

                           to Stock Purchase Agreement

                                IRREVOCABLE PROXY

     The undersigned stockholder of PlayCore,  Inc., a Delaware corporation (the
"Company"),  hereby  irrevocably  (to the fullest  extent  provided by law,  but
subject to automatic  termination  and  revocation as provided  below)  appoints
Jasdrew Acquisition Corp., a Delaware  corporation (the "Acquisition  Company"),
the attorney and proxy of the  undersigned,  with full power of substitution and
resubstitution,  to the full extent of the undersigned's  rights with respect to
the shares of capital  stock of the Company owned  beneficially  or of record by
the  undersigned,  which shares are listed on the final page of this Proxy,  and
any and all other shares or  securities  of the Company  issued or issuable with
respect  thereof  or  otherwise  acquired  by  stockholder  on or after the date
hereof,  until the Termination Date (as defined in the Stock Purchase  Agreement
referred to below), in all instances (the "Shares").  Upon the execution hereof,
all prior proxies given by the undersigned with respect to the Shares are hereby
revoked and no subsequent proxies will be given as to the matters covered hereby
prior to the Termination  Date. This proxy is irrevocable (to the fullest extent
provided by law, but subject to automatic termination and revocation as provided
below),  coupled with an interest,  and is granted in connection  with the Stock
Purchase  Agreement,  dated as of April 13,  2000,  among the  Company,  Parent,
Acquisition   Company  and  the  Stockholders   party  thereto,   including  the
undersigned  stockholder (the "Stock Purchase Agreement",  capitalized terms not
otherwise defined herein being used herein as therein  defined),  and is granted
in consideration  of the Company entering into the Merger Agreement  referred to
therein.

     The  attorney  and proxy named above will be empowered at any time prior to
the Termination Date to exercise all voting and other rights with respect to the
Shares (including,  without limitation, the power to execute and deliver written
consents with respect to the Shares) of the undersigned at every annual, special
or adjourned meeting of shareholders of the Company and in every written consent
in lieu of such a  meeting,  or  otherwise:  (i) in  favor  of the  Merger,  the
execution  and delivery by the Company of the Merger  Agreement and the approval
of the terms  thereof  and the Stock  Purchase  Agreement  and each of the other
actions  contemplated by the Merger  Agreement and the Stock Purchase  Agreement
and any actions required in furtherance  thereof;  (ii) against any action,  any
failure to act, or agreement that would result in a breach in any respect of any
covenant, representation or warranty or any other obligation or agreement of the
Company  under the Merger  Agreement  or the Stock  Purchase  Agreement  (before
giving effect to any materiality or similar  qualifications  contained therein);
and  (iii)  against  the  following  actions  (other  than  the  Merger  and the
transactions  contemplated

                                      A-1
<PAGE>

by the Merger Agreement): (A) any extraordinary corporate transaction, such as a
merger, consolidation or other business combination involving the Company or any
of its  Subsidiaries;  (B) declaration of any dividend or issuance of any equity
securities of the Company  (other than upon exercise or conversion of Securities
outstanding  prior to the date hereof) or any of its  Subsidiaries;  (C) a sale,
lease  or  transfer  of a  material  amount  of  assets  of the  Company  or its
Subsidiaries, or a reorganization,  recapitalization, dissolution or liquidation
of the  Company or its  Subsidiaries;  (D) (1) any  change in a majority  of the
persons who constitute the board of directors of the Company;  (2) any change in
the present  capitalization  of the Company or any  amendment  of the  Company's
Certificate of  Incorporation  or Bylaws;  (3) any other material  change in the
Company's corporate structure or business; or (4) any other action involving the
Company or its Subsidiaries which is intended,  or could reasonably be expected,
to impede,  interfere with, delay,  postpone, or materially adversely affect the
Merger and the  transactions  contemplated by, or which would result in a breach
of, this Agreement and the Merger Agreement.

     The attorney and proxy named above may only exercise this proxy to vote the
Shares subject hereto in accordance  with the preceding  paragraph,  and may not
exercise this proxy in respect of any other matter. The undersigned  shareholder
may vote the  Shares (or grant one or more  proxies  to vote the  Shares) on all
other matters.

     Any  obligation  of the  undersigned  hereunder  shall be binding  upon the
successors and assigns of the undersigned.

                                      A-2
<PAGE>

     This proxy is irrevocable, but shall automatically terminate and be revoked
and be of no further  force and effect upon  termination  of the Stock  Purchase
Agreement on the Termination Date.

Dated:  April ____, 2000                 STOCKHOLDER

                                         By:__________________________________
                                         Name:________________________________
                                         Title:_______________________________

Shares Owned: ______________

                                      A-3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}]]