Document:

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                                                                   EXHIBIT 10.24

                         RECEIVABLES TRANSFER AGREEMENT

                          DATED AS OF FEBRUARY 12, 2003

                                      AMONG

         INTERFACE FABRICS GROUP MARKETING, INC., AS AN ORIGINAL SELLER,
                 INTERFACE TEKNIT, INC., AS AN ORIGINAL SELLER,
               INTERFACE TEKSOLUTIONS, LLC, AS AN ORIGINAL SELLER,
                      PANDEL, INC., AS AN ORIGINAL SELLER,
                 INTERFACE AMERICAS, INC., AS AN ORIGINAL SELLER

                                       AND

                                INTERFACE, INC.,
                                    AS BUYER

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                                TABLE OF CONTENTS

<TABLE>
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                                                                                                               PAGE
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<S>                                                                                                            <C>
ARTICLE I. AMOUNTS AND TERMS OF THE PURCHASE...................................................................... 2
   Section 1.1    Purchase of Receivables......................................................................... 2
   Section 1.2    Payment for the Purchase........................................................................ 3
   Section 1.3    Purchase Price Credit Adjustments............................................................... 3
   Section 1.4    Payments and Computations, Etc.................................................................. 4
   Section 1.5    Transfer of Records............................................................................. 4
   Section 1.6    Characterization................................................................................ 5
ARTICLE II. REPRESENTATIONS AND WARRANTIES........................................................................ 5
   Section 2.1    Representations and Warranties of Original Sellers.............................................. 5
ARTICLE III. CONDITIONS OF PURCHASE............................................................................... 9
   Section 3.1    Conditions Precedent to Purchase................................................................ 9
   Section 3.2    Conditions Precedent to Subsequent Payments..................................................... 9
ARTICLE IV. COVENANTS............................................................................................ 10
   Section 4.1    Affirmative Covenants of Original Sellers...................................................... 10
   Section 4.2    Negative Covenants of Original Sellers......................................................... 13
ARTICLE V. TERMINATION EVENTS.................................................................................... 15
   Section 5.1    Termination Events............................................................................. 15
   Section 5.2    Remedies....................................................................................... 16
ARTICLE VI. INDEMNIFICATION...................................................................................... 16
   Section 6.1    Indemnities by Original Sellers................................................................ 16
   Section 6.2    Other Costs and Expenses....................................................................... 19
ARTICLE VII. MISCELLANEOUS....................................................................................... 19
   Section 7.1    Waivers and Amendments......................................................................... 19
   Section 7.2    Notices........................................................................................ 19
   Section 7.3    Protection of Ownership Interests of Interface................................................. 20
   Section 7.4    Confidentiality................................................................................ 20
   Section 7.5    Bankruptcy Petition............................................................................ 21
   Section 7.6    Limitation of Liability........................................................................ 22
   Section 7.7    CHOICE OF LAW.................................................................................. 22
   Section 7.8    CONSENT TO JURISDICTION........................................................................ 22
   Section 7.9    WAIVER OF JURY TRIAL........................................................................... 22
   Section 7.10     Integration; Binding Effect; Survival of Terms............................................... 23
   Section 7.11     Counterparts; Severability; Section References............................................... 23
</TABLE>

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                             Exhibits and Schedules

Exhibit I    -   Definitions

Exhibit II   -   Principal Place of Business; Location(s) of Records; Federal
                 Employer Identification Number

Exhibit III  -   LockBoxes; LockBox Accounts; Collection Banks

Exhibit IV   -   [Intentionally omitted.]

Exhibit V    -   Credit and Collection Policies

Schedule A   -   List of Documents to Be Delivered to Interface Prior to the
                 Purchase

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                         RECEIVABLES TRANSFER AGREEMENT

         THIS RECEIVABLES TRANSFER AGREEMENT, dated as of February 12, 2003, is
by and among Interface Fabrics Group Marketing, Inc., a Nevada corporation
("INTERFACE MARKETING"), Interface Teknit, Inc., a Michigan corporation
("INTERFACE TEKNIT"), Interface TekSolutions, LLC, a Michigan limited liability
company ("INTERFACE TEKSOLUTIONS"), Pandel, Inc., a Georgia corporation
("PANDEL"), Interface Americas, Inc., a Georgia corporation ("INTERFACE
AMERICAS," each of Interface Marketing, Interface Teknit, Interface
TekSolutions, Pandel and Interface Americas, an "ORIGINAL SELLER" and,
collectively, the "ORIGINAL SELLERS"), and Interface, Inc., a Georgia
corporation ("INTERFACE"). Unless defined elsewhere herein, capitalized terms
used in this Agreement shall have the meanings assigned to such terms in Exhibit
I hereto (or, if not defined in Exhibit I hereto, the meaning assigned to such
term in the Loan Agreement).

                             PRELIMINARY STATEMENTS

         Each of the Original Sellers now owns, and from time to time hereafter
will own, Receivables.

         Each of the Original Sellers wishes sell to Interface, and Interface
wishes to purchase from such Original Seller, its respective Receivables,
together with the Related Security and Collections with respect thereto, in
accordance with the terms and conditions hereof.

         Each the Original Sellers and Interface intend the transactions
contemplated hereby to be true sales of the Receivables from each such Original
Seller to Interface, providing Interface with the full benefits of ownership of
the Receivables, and neither any of the Original Sellers nor Interfaces intend
these transactions to be, or for any purpose to be characterized as, loans from
Interface to any Original Seller.

         Following the purchase of Receivables from the Original Sellers, (a)
Interface will sell or contribute to Interface Securitization Corporation
("SPV") and SPV will purchase from Interface, all of Interface's right, title
and interest in and to the Receivables, Related Security and Collections
purchased by Interface pursuant to the terms of a certain Receivables Sales
Agreement, dated as of the date hereof, between Interface and SPV (as amended,
restated or otherwise modified from time to time, the "RECEIVABLES SALE
AGREEMENT") in accordance with the terms thereof and (b) SPV will grant a
security interest in the Receivables, Related Security and Collections pursuant
to that certain Loan Agreement dated as of the date hereof (as the same may from
time to time hereafter be amended, supplemented, restated or otherwise modified,
the "LOAN AGREEMENT") among SPV, Interface, as Servicer, Three Pillars Funding
Corporation ("LENDER"), and SunTrust Capital Markets, Inc. or any successor
administrator appointed pursuant to the terms of the Loan Agreement, as agent
and administrator for Lender (in such capacity, the "ADMINISTRATOR").

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         NOW, THEREFORE, in consideration of the foregoing premises and the
mutual agreements herein contained and other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the parties hereto
agree as follows:

                                   ARTICLE I.
                        AMOUNTS AND TERMS OF THE PURCHASE

         Section 1.1    Purchase of Receivables. Effective on the date hereof,
in consideration for the Purchase Price and upon the terms and subject to the
conditions set forth herein, each Original Seller does hereby sell, assign,
transfer, set-over and otherwise convey to Interface, without recourse (except
to the extent expressly provided herein), and Interface does hereby purchase
from each Original Seller, all of such Original Seller's right, title and
interest in and to all of such Original Seller's Receivables existing as of the
close of business on the Business Day immediately prior to the date hereof and
all Receivables thereafter arising through and including the Termination Date,
together, in each case, with all Related Security relating thereto and all
Collections thereof. In accordance with the preceding sentence, on the date
hereof Interface shall acquire all of such Original Seller's right, title and
interest in and to all of such Receivables existing as of the close of business
on the Business Day immediately prior to the date hereof and thereafter arising
through and including the Termination Date, together with all Related Security
relating thereto and all Collections thereof. Interface shall be obligated to
pay the Purchase Price for the Receivables purchased hereunder in accordance
with Section 1.2. In connection with consummation of the Purchase Price for any
Receivables purchased hereunder, Interface may request that each Original Seller
deliver, and each Original Seller shall deliver, such approvals, opinions,
information, reports or documents as Interface may reasonably request.

         (a)      It is the intention of the parties hereto that the Purchase of
Receivables made hereunder shall constitute a sale, which sale is absolute and
irrevocable and provides Interface with the full benefits of ownership of the
Receivables. Except for the Purchase Price Credits owed pursuant to Section 1.3,
the sale of Receivables hereunder is made without recourse to any Original
Seller; provided, however, that (i) each Original Seller shall be liable to
Interface for all representations, warranties, covenants and indemnities made by
such Original Seller pursuant to the terms of the Transaction Documents to which
such Original Seller is a party, and (ii) such sale does not constitute and is
not intended to result in an assumption by Interface or any assignee thereof of
any obligation of any Original Seller or any other Person arising in connection
with the Receivables, the related Contracts and/or other Related Security or any
other obligations of any Original Seller. In view of the intention of the
parties hereto that the Purchase of Receivables made hereunder shall constitute
a sale of such Receivables rather than loans secured thereby, each Original
Seller agrees that it will, on or prior to the date hereof and in accordance
with Section 4.1(e)(ii), mark its master data processing records relating to the
Receivables with a legend acceptable to Interface, SPV (as Interface's assignee)
and to the Administrator (as SPV's secured party), evidencing that Interface has
purchased such Receivables as provided in this Agreement and to note in its
financial statements that its Receivables have been sold to Interface. Upon the
request of Interface, SPV (as Interface's assignee) or the Administrator (as
SPV's secured party), each Original Seller will duly authorize the filing of
such financing or continuation statements, or amendments thereto or assignments
thereof, and such other instruments or notices, as may be necessary or
appropriate to perfect and

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maintain the perfection of Interface's ownership interest in the Receivables and
the Related Security and Collections with respect thereto, or as Interface, SPV
(as Interface's assignee) or the Administrator (as SPV's secured party) may
reasonably request.

         Section 1.2    Payment for the Purchase.

         (a)      The Purchase Price for the Purchase of Receivables in
existence on the close of business on the date hereof (the "INITIAL CUTOFF
DATE") shall be payable in full by Interface to the Original Seller of such
Receivables on the date hereof, and shall be paid to such Original Seller by
delivery of immediately available funds. The Purchase Price for each Receivable
coming into existence after the Initial Cutoff Date shall be due and owing in
full by Interface to the Original Seller of such Receivable or its designee on
the date each such Receivable came into existence (except that Interface may,
with respect to any such Purchase Price, offset against such Purchase Price any
amounts owed by the applicable Original Seller to Interface hereunder and that
have become due but remain unpaid) and shall be paid to such Original Seller in
the manner provided in the following paragraphs (b), (c) and (d).

         (b)      With respect to any Receivables coming into existence after
the Initial Cutoff Date, on each Settlement Date, Interface shall pay the
Purchase Price therefor in accordance with Section 1.2(d) by delivery of
immediately available funds.

         (c)      From and after the Termination Date, no Original Seller shall
sell Receivables to Interface.

         (d)      Although the Purchase Price for each Receivable coming into
existence after the Initial Cutoff Date shall be due and payable in full by
Interface to the Original Seller of such Receivable on the date such Receivable
came into existence, settlement of the Purchase Price between Interface and each
Original Seller shall be effected on each Settlement Date with respect to all
Receivables coming into existence (i) if settlement is effected on a monthly
basis, during the same Calculation Period and based on information contained in
the Monthly Report delivered by the Servicer pursuant to the Loan Agreement for
the Calculation Period most recently ended, or (ii) if settlement is effected on
a weekly basis, during the calendar week reported in the Borrowing Base
Certificate most recently delivered by the Servicer pursuant to the Loan
Agreement and based on the information contained in such Borrowing Base
Certificate. Although settlement shall be effected in the foregoing manner,
increases or decreases in the amount owing under the Subordinated Note made
pursuant to Section 1.2(b) of the Receivables Sale Agreement and any
contribution of capital by Interface to SPV made pursuant to Section 1.2(b) the
Receivables Sale Agreement shall be deemed to have occurred and shall be
effective as of the last Business Day of the Calculation Period to which such
settlement relates.

         Section 1.3    Purchase Price Credit Adjustments. If on any day:

         (a)      the Outstanding Balance of a Receivable is:

                  (i)      reduced as a result of any defective or rejected or
         returned goods or services, any discount or any adjustment or otherwise
         by the Original Seller of such Receivable (other than cash Collections
         on account of the Receivables),

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                  (ii)     reduced or canceled as a result of a setoff in
         respect of any claim by any Person (whether such claim arises out of
         the same or a related transaction or an unrelated transaction), or

         (b)      any Contract with respect to any Receivable shall fail to
create a legal, valid and binding obligation of the related Obligor to pay the
Outstanding Balance of the Receivable created thereunder and any accrued
interest thereon, or

         (c)      any of the representations and warranties set forth in Article
II are not true when made or deemed made with respect to any Receivable,

then, in such event, Interface shall be entitled to a credit (each, a "PURCHASE
PRICE CREDIT") against the Purchase Price otherwise payable hereunder to the
Original Seller of such Receivable equal to the Outstanding Balance of such
Receivable (calculated before giving effect to the applicable reduction or
cancellation). If such Purchase Price Credit exceeds the Original Balance of the
Receivables of such Original Seller coming into existence on any day, then such
Original Seller shall pay the remaining amount of such Purchase Price Credit in
cash immediately.

         Section 1.4    Payments and Computations, Etc. All amounts to be paid
or deposited by Interface hereunder shall be paid or deposited in accordance
with the terms hereof on the day when due in immediately available funds to the
account of the applicable Original Seller designated from time to time by such
Original Seller or as otherwise directed by such Original Seller. In the event
that any payment owed by any Person hereunder becomes due on a day that is not a
Business Day, then such payment shall be made on the next succeeding Business
Day. If any Person fails to pay any amount hereunder when due, such Person
agrees to pay, on demand, the Default Fee in respect thereof until paid in full;
provided, however, that such Default Fee shall not at any time exceed the
maximum rate permitted by applicable law. All computations of interest payable
hereunder shall be made on the basis of a year of 360 days for the actual number
of days (including the first but excluding the last day) elapsed.

         Section 1.5    Transfer of Records.

         (a)      In connection with the Purchase of Receivables hereunder, each
Original Seller hereby sells, transfers, assigns and otherwise conveys to
Interface all of such Original Seller's right and title to and interest in the
Records relating to all Receivables sold hereunder, without the need for any
further documentation in connection with the Purchase. In connection with such
transfer, each Original Seller hereby grants to each of Interface, SPV, the
Administrator and the Servicer an irrevocable, non-exclusive license to use,
without royalty or payment of any kind, all software used by such Original
Seller to account for its Receivables, to the extent necessary to administer
such Receivables, whether such software is owned by such Original Seller or is
owned by others and used by such Original Seller under license agreements with
respect thereto, provided that should the consent of any licensor of such
software be required for the grant of the license described herein, to be
effective, such Original Seller hereby agrees that upon the request of Interface
(or Interface's assignee), such Original Seller will use its reasonable efforts
to obtain the consent of such third-party licensor. The license granted hereby
shall be irrevocable until the indefeasible payment in full of the Aggregate
Unpaid Balance, and shall terminate on the date this Agreement terminates in
accordance with its terms.

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         (b)      Each Original Seller (i) shall take such action requested by
Interface, SPV (as Interface's assignee) and/or the Administrator (as SPV's
secured party), from time to time hereafter, that may be necessary or
appropriate to ensure that Interface, SPV and their respective assigns have an
enforceable ownership interest in the Records relating to the Receivables
purchased from such Original Seller hereunder, and (ii) shall use its reasonable
efforts to ensure that Interface, SPV, the Administrator and the Servicer each
has an enforceable right (whether by license or sublicense or otherwise) to use
all of the computer software used to account for the Receivables and/or to
recreate such Records.

         Section 1.6    Characterization. If, notwithstanding the intention of
the parties expressed in Section 1.1(b), any sale by any Original Seller to
Interface of Receivables hereunder shall not be characterized as a sale or such
sale shall for any reason be ineffective or unenforceable, then this Agreement
shall be deemed to, and hereby does, constitute a security agreement under the
UCC and other applicable law. For this purpose and without being in derogation
of the parties' intention that the sale of Receivables hereunder shall
constitute a true sale thereof, each Original Seller hereby grants to Interface
a valid and enforceable security interest in all of such Original Seller's
right, title and interest in, to and under all Receivables now existing and
hereafter arising, all Collections and Related Security with respect thereto,
each LockBox and LockBox Account, all other rights and payments relating to the
Receivables and all proceeds of the foregoing to secure the prompt and complete
payment of a loan deemed to have been made in an amount equal to the aggregate
outstanding Purchase Price of such Original Seller's Receivables together with
all other obligations of such Original Seller hereunder, which security interest
shall be prior to all other Adverse Claims thereto. Interface and its assigns
shall have, in addition to the rights and remedies that they may have under this
Agreement, all other rights and remedies provided to a secured creditor under
the UCC and other applicable law, which rights and remedies shall be cumulative.

                                  ARTICLE II.
                         REPRESENTATIONS AND WARRANTIES

         Section 2.1    Representations and Warranties of Original Sellers.
Each Original Seller hereby represents and warrants to Interface on the date
hereof, on the date of the Purchase and on each date that any of such Original
Seller's Receivables comes into existence that:

         (a)      Corporate Existence and Power. Such Original Seller is a
corporation duly organized, validly existing and in good standing under the laws
of its state of incorporation, and is duly qualified to do business and is in
good standing as a foreign corporation, and has and holds all corporate power
and all governmental licenses, authorizations, consents and approvals required
to carry on its business in each jurisdiction in which its business is
conducted, except where the failure to do so could not reasonably be expected to
have a Material Adverse Effect..

         (b)      Power and Authority; Due Authorization, Execution and
Delivery. The execution and delivery by such Original Seller of this Agreement
and each other Transaction Document to which it is a party, and the performance
of its obligations hereunder and thereunder and, such Original Seller's use of
the proceeds of the Purchase from such Original Seller made hereunder, are
within its corporate powers and authority, and have been duly authorized by all
necessary corporate action on its part. This Agreement and each other
Transaction Document to

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which such Original Seller is a party has been duly executed and delivered by
such Original Seller.

         (c)      No Conflict. The execution and delivery by such Original
Seller of this Agreement and each other Transaction Document to which it is a
party, and the performance of its obligations hereunder and thereunder do not
contravene or violate (i) its Organizational Documents, (ii) any law, rule or
regulation applicable to it, (iii) any restrictions under any agreement,
contract or instrument to which it is a party or by which it or any of its
property is bound, or (iv) any order, writ, judgment, award, injunction or
decree binding on or affecting it or its property, and do not result in the
creation or imposition of any Adverse Claim on assets of such Original Seller or
its Subsidiaries (except as created hereunder), except, in any case, where such
contravention or violation could not reasonably be expected to have a Material
Adverse Effect. No transaction contemplated hereby requires compliance with any
bulk sales act or similar law.

         (d)      Governmental Authorization. Other than the filing of the
financing statements required hereunder, no authorization or approval or other
action by, and no notice to or filing with, any governmental authority or
regulatory body is required for the due execution and delivery by such Original
Seller of this Agreement and each other Transaction Document to which it is a
party and the performance of its obligations hereunder.

         (e)      Actions, Suits. There are no actions, suits or proceedings
pending, or to the best of such Original Seller's knowledge, threatened, against
or affecting such Original Seller, or any of its properties, in or before any
court, arbitrator or other body, that could reasonably be expected to have a
Material Adverse Effect. Such Original Seller is not in default with respect to
any order of any court, arbitrator or governmental body that could reasonably be
expected to have a Material Adverse Effect.

         (f)      Binding Effect. This Agreement and each other Transaction
Document to which such Original Seller is a party constitute the legal, valid
and binding obligations of such Original Seller enforceable against such
Original Seller in accordance with their respective terms, except as such
enforcement may be limited by applicable bankruptcy, insolvency, reorganization
or other similar laws relating to or limiting creditors' rights generally and by
general principles of equity (regardless of whether enforcement is sought in a
proceeding in equity or at law).

         (g)      Accuracy of Information. All information heretofore furnished
by such Original Seller or any of its Affiliates to Interface (or its assigns)
for purposes of or in connection with this Agreement, any of the other
Transaction Documents or any transaction contemplated hereby or thereby is true
and accurate in every material respect on the date such information is stated or
certified and does not contain any material misstatement of fact or omit to
state a material fact or any fact necessary to make the statements contained
therein not misleading as of the date such information is stated or certified.

         (h)      Use of Proceeds. No proceeds of any Purchase Price payment to
such Original Seller hereunder will be used (i) for a purpose that violates, or
would be inconsistent with, any law, rule or regulation applicable to such
Original Seller or (ii) to acquire any security

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in any transaction that is subject to Section 13 or 14 of the Securities
Exchange Act of 1934, as amended.

         (i)      Good Title. Immediately prior to the Purchase hereunder, each
Original Seller is the legal and beneficial owner of the Receivables and the
Related Security with respect thereto, free and clear of any Adverse Claim
(other than Permitted Adverse Claims), except as created by the Transaction
Documents. There have been duly filed all financing statements or other similar
instruments or documents necessary under the UCC (or any comparable law) of all
appropriate jurisdictions to perfect such Original Seller's ownership interest
in each Receivable, its Collections and the Related Security.

         (j)      Perfection. This Agreement, together with the filing of the
financing statements contemplated hereby, is effective to, and shall, upon each
Purchase hereunder, transfer to Interface (and Interface shall acquire from such
Original Seller) (i) legal and equitable title to, with the right to sell and
encumber each Receivable existing or hereafter arising, together with the
Collections with respect thereto, and (ii) all of such Original Seller's right,
title and interest in the Related Security associated with each Receivable, in
each case, free and clear of any Adverse Claim (other than Permitted Adverse
Claims), except as created by the Transactions Documents. There have been duly
filed all financing statements or other similar instruments or documents
necessary under the UCC (or any comparable law) of all appropriate jurisdictions
to perfect Interface's ownership interest in the Receivables, the Related
Security and the Collections (except for the Excluded Deposit Accounts).

         (k)      Places of Business and Locations of Records. The principal
places of business and chief executive office of such Original Seller and the
offices where it keeps all of its Records are located at the address(es) listed
on Exhibit II or such other locations of which Interface has been notified in
accordance with Section 4.2(a) in jurisdictions where all action required by
Section 4.2(a) has been taken and completed. Such Original Seller's Federal
Employer Identification Number and Organizational Identification Number is
correctly set forth on Exhibit II.

         (l)      Collections. The conditions and requirements set forth in
Section 4.1(j) have at all times been satisfied and duly performed. The names
and addresses of all Collection Banks, together with the account numbers of the
LockBox Accounts of such Original Seller at each Collection Bank and the post
office box number of each Lock Box, are listed on Exhibit III. Such Original
Seller has not granted any Person, other than Interface (and its assigns)
dominion and control of any LockBox or LockBox Account, or the right to take
dominion and control of any such LockBox or LockBox Account at a future time or
upon the occurrence of a future event.

         (m)      Material Adverse Effect. Since December 31, 1999, no event has
occurred that would have a Material Adverse Effect.

         (n)      Names. Such Original Seller will not use any corporate names,
trade names or assumed names other than the name in which it has executed this
Agreement with respect to, or in connection with, the creation of any Receivable
occurring after the Initial Cutoff

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Date, provided, that such Original Seller may use any corporate name, trade name
or assumed name as permitted by Section 4.2(a) hereof.

         (o)      Ownership of Interface. Interface owns, directly or
indirectly, 100% of the issued and outstanding capital stock of each Original
Seller, free and clear of any Adverse Claim (other than a Permitted Adverse
Claim). Such capital stock is validly issued, fully paid and nonassessable, and
there are no options, warrants or other rights to acquire securities of Original
Seller.

         (p)      Not a Holding Company or an Investment Company. Such Original
Seller is not a "holding company" or a "subsidiary holding company" of a
"holding company" within the meaning of the Public Utility Holding Company Act
of 1935, as amended, or any successor statute. Such Original Seller is not an
"investment company" within the meaning of the Investment Company Act of 1940,
as amended, or any successor statute.

         (q)      Compliance with Law. Such Original Seller has complied in all
respects with all applicable laws, rules, regulations, orders, writs, judgments,
injunctions, decrees or awards to which it may be subject, except where the
failure to so comply could not reasonably be expected to have a Material Adverse
Effect. Each Receivable, together with the Contract related thereto, does not
contravene any laws, rules or regulations applicable thereto (including, without
limitation, laws, rules and regulations relating to truth in lending, fair
credit billing, fair credit reporting, equal credit opportunity, fair debt
collection practices and privacy), and no part of such Contract is in violation
of any such law, rule or regulation, except where such contravention or
violation could not reasonably be expected to have a Material Adverse Effect.

         (r)      Compliance with Credit and Collection Policies. Such Original
Seller has complied in all material respects with such Original Seller's Credit
and Collection Policy with regard to each Receivable and the related Contract,
and has not made any change to such Credit and Collection Policy, except such
material change as to which Interface (or its assigns) has been notified in
accordance with Section 4.1(a)(vii).

         (s)      Payments to Original Sellers. With respect to each Receivable
transferred to Interface by such Original Seller hereunder, the Purchase Price
received by such Original Seller constitutes reasonably equivalent value in
consideration therefor and such transfer was not made for or on account of an
antecedent debt. No transfer by such Original Seller of any Receivable hereunder
is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11
U.S.C. ss. 101 et seq.), as amended.

         (t)      Enforceability of Contracts. Each Contract with respect to
each Receivable of such Original Seller is effective to create, and has created,
a legal, valid and binding obligation of the related Obligor to pay the
Outstanding Balance of the Receivable created thereunder and any accrued
interest thereon, enforceable against the Obligor in accordance with its terms,
except as such enforcement may be limited by applicable bankruptcy, insolvency,
reorganization or other similar laws relating to or limiting creditors' rights
generally and by general principles of equity (regardless of whether enforcement
is sought in a proceeding in equity or at law).

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         (u)      Eligible Receivables. Each Receivable of such Original Seller
included at any time in the Net Receivables Balance as an Eligible Receivable
was, (i) in the case of the Existing Receivables, as of the date hereof, and,
(ii) in the case of all other Receivables, on the later to occur of the date of
the Purchase and the date it came into existence, an Eligible Receivable on such
date.

         (v)      Accounting. The manner in which such Original Seller accounts
for the transactions contemplated by this Agreement does not jeopardize the
characterization of the transactions contemplated herein as being true sales.

                                  ARTICLE III.
                             CONDITIONS OF PURCHASE

         Section 3.1    Conditions Precedent to Purchase. The Purchase under
this Agreement is subject to the conditions precedent that (a) Interface shall
have received on or before the date of such purchase those documents listed on
Schedule A and (b) all of the conditions to the initial purchase under the
Receivables Sale Agreement and the initial advance under the Loan Agreement
shall have been satisfied or waived in accordance with the terms thereof.

         Section 3.2    Conditions Precedent to Subsequent Payments. Interface's
obligation to pay for Receivables coming into existence after the Initial Cutoff
Date shall be subject to the further conditions precedent that (a) the
Commitment Termination Date shall not have occurred; (b) Interface (or its
assigns) shall have received such other approvals, opinions or documents as it
may reasonably request and (c) on the date such Receivable came into existence,
the following statements shall be true (and acceptance of the proceeds of any
payment by any Original Seller for such Receivable shall be deemed a
representation and warranty by such Original Seller that such statements are
then true):

                  (i)      the representations and warranties of such Original
         Seller set forth in Article II are true and correct on and as of the
         date such Receivable came into existence as though made on and as of
         such date; and

                  (ii)     no event has occurred and is continuing that will
         constitute a Termination Event or a Potential Termination Event.

Notwithstanding the foregoing conditions precedent, upon payment of the Purchase
Price for any Receivable (whether by payment of cash and/or by offset of amounts
owed to Interface), title to such Receivable and the Related Security and
Collections with respect thereto shall vest in Interface, whether or not the
conditions precedent to Interface's obligation to pay for such Receivable were
in fact satisfied. The failure of any Original Seller to satisfy any of the
foregoing conditions precedent, however, shall give rise to a right of Interface
to rescind the related purchase of Receivables from such Original Seller and to
direct such Original Seller to pay to Interface an amount equal to the Purchase
Price payment that shall have been made with respect to any Receivables related
thereto.

                                       9
<PAGE>

                                  ARTICLE IV.
                                  COVENANTS

         Section 4.1    Affirmative Covenants of Original Sellers. Until the
date on which this Agreement terminates in accordance with its terms, each
Original Seller hereby covenants as set forth below:

         (a)      Reporting. Such Original Seller will maintain, for itself and
each of its Subsidiaries, a system of accounting established and administered in
accordance with GAAP, and furnish to Interface (or its assigns):

                  (i)      Change in Credit and Collection Policies. At least
         thirty (30) days prior to the effectiveness of any material change in
         or material amendment to such Original Seller's Credit and Collection
         Policy, a copy of such Original Seller's Credit and Collection Policy
         then in effect and a notice (A) indicating such change or amendment,
         and (B) if such proposed change or amendment could adversely affect the
         collectibility of the Receivables of such Original Seller or decrease
         the credit quality of any newly created Receivables of such Original
         Seller, requesting Interface's consent thereto.

                  (ii)     Other Information. Promptly, from time to time, such
         other information, documents, records or reports relating to the
         Receivables or the condition or operations, financial or otherwise, of
         such Original Seller as Interface (or its assigns) may from time to
         time reason ably request in order to protect the interests of Interface
         (and its assigns) under or as contemplated by this Agreement.

         (b)      Notices. Such Original Seller will notify Interface (or its
assigns) in writing of any of the following promptly upon learning of the
occurrence thereof, describing the same and, if applicable, the steps being
taken with respect thereto:

                  (i)      Termination Events or Potential Termination Events.
         The occurrence of each Termination Event and each Potential Termination
         Event, by a statement of an Authorized Officer of such Original Seller.

                  (ii)     Judgment and Proceedings. (A) The entry of any
         judgment or decree against such Original Seller or any of its
         Subsidiaries if the aggregate amount of all judgments and decrees then
         outstanding against such Original Seller and its Subsidiaries could
         reasonably be expected to have a Material Adverse Effect, and (B) the
         institution of any litigation, arbitration proceeding or governmental
         proceeding against such Original Seller, which, if adversely decided
         against Interface, could reasonably be expected to have a Material
         Adverse Effect.

                  (iii)    Material Adverse Effect. The occurrence of any event
         or condition that has had, or could reasonably be expected to have, a
         Material Adverse Effect.

                  (iv)     Defaults Under Other Agreements. The occurrence of a
         default or an event of default under any other material financing
         arrangement pursuant to which such Original Seller is a debtor or an
         obligor.

                                       10
<PAGE>

                  (v)      Downgrade of Interface. Any downgrade in the rating
         of any Indebtedness of Interface, Inc. by Standard and Poor's Ratings
         Group or by Moody's Investors Service, Inc., setting forth the
         Indebtedness affected and the nature of such change.

         (c)      Compliance with Laws and Preservation of Corporate Existence.
Such Original Seller will comply in all respects with all applicable laws,
rules, regulations, orders, writs, judgments, injunctions, decrees or awards to
which it may be subject, except where the failure to so comply could not
reasonably be expected to have a Material Adverse Effect. Such Original Seller
will preserve and maintain its corporate existence, rights, franchises and
privileges in the jurisdiction of its incorporation, and qualify and remain
qualified in good standing as a foreign corporation in each jurisdiction where
its business is conducted, except where the failure to so preserve and maintain
or qualify could not reasonably be expected to have a Material Adverse Effect.

         (d)      Audits. Such Original Seller will furnish to Interface (or its
assigns) from time to time such information with respect to it and the
Receivables as Interface (or its assigns) (subject to the last sentence of this
Section 4.1(d)) may reasonably request. Such Original Seller will, from time to
time during regular business hours as requested by Interface (or its assigns),
upon reasonable notice and at the sole cost of such Original Seller, permit
Interface (or its assigns) or their respective agents or representatives, (i) to
examine and make copies of and abstracts from all Records in the possession or
under the control of such Original Seller relating to the Receivables and the
Related Security, including, without limitation, the related Contracts, and (ii)
to visit the offices and properties of such Original Seller for the purpose of
examining such materials described in clause (i) above, and to discuss matters
relating to such Original Seller's financial condition or the Receivables and
the Related Security or such Original Seller's performance under any of the
Transaction Documents or such Original Seller's performance under the Contracts
and, in each case, with any of the officers or employees of such Original Seller
having knowledge of such matters. All such examinations and visits shall be at
the sole cost of such Original Seller; provided, however, that (i) for so long
as no Termination Event or Potential Termination Event shall have occurred and
be continuing and (ii) the result of the immediately preceding examination
and/or visit of Original Seller shall have been reasonably satisfactory to
Interface (and its assigns) (A) such examinations and/or visits shall be limited
to four times per calendar year per Person and (B) such cost shall be borne by
such Original Seller not more than twice per calendar year per Original Seller
(although in no event shall the foregoing be construed to limit Interface (and
its assigns) or their respective agents or representatives to two such
examination and/or visit of such Original Seller during such calendar year
period).

         (e)      Keeping and Marking of Records and Books.

                  (i)      Such Original Seller will maintain and implement
         administrative and operating procedures (including, without limitation,
         an ability to recreate records evidencing Receivables in the event of
         the destruction of the originals thereof), and keep and maintain all
         documents, books, records and other information reasonably necessary or
         advisable for the collection of all Receivables (including, without
         limitation, records adequate to permit the immediate identification of
         each new Receivable and all

                                       11
<PAGE>

         Collections of and adjustments to each existing Receivable). Such
         Original Seller will give Interface (or its assigns) notice of any
         material change in the administrative and operating procedures referred
         to in the previous sentence.

                  (ii)     Such Original Seller will (A) on or prior to the date
         hereof, mark its master data processing records and other books and
         records relating to the Receivables of such Original Seller with a
         legend, acceptable to Interface (or its assigns), describing
         Interface's and SPV's ownership interests in the Receivables and
         further describing the security interest of the Administrator (on
         behalf of Lender and its assigns) under the Loan Agreement and (B) upon
         the request of Interface (or its assigns) after the occurrence of a
         Termination Event, (x) mark each Contract with a legend describing
         Interface's and SPV's ownership interests in the Receivables of such
         Original Seller and further describing the security interest of the
         Administrator (on behalf of Lender) and (y) deliver to Interface (or
         its assigns) all Contracts (including, without limitation, all multiple
         originals of any such Contract) relating to the Receivables.

         (f)      Compliance with Contracts and Credit and Collection Policy.
Such Original Seller will timely and fully (i) perform and comply in all
material respects with all provisions, covenants and other promises required to
be observed by it under the Contracts related to the Receivables of such
Original Seller, and (ii) comply in all in all material respects with the Credit
and Collection Policy in regard to each Receivable of such Original Seller and
the related Contract.

         (g)      Ownership. Such Original Seller will take all necessary action
to establish and maintain, irrevocably in Interface, (i) legal and equitable
title to the Receivables of such Original Seller and the Collections and (ii)
all of such Original Seller's right, title and interest in the Related Security
associated with such Receivables, in each case, free and clear of any Adverse
Claims (other than Permitted Adverse Claims) (including, without limitation, the
filing of all financing statements or other similar instruments or documents
necessary under the UCC (or any comparable law) of all appropriate jurisdictions
to perfect Interface's interest in such Receivables, Related Security and
Collections and such other action to perfect, protect or more fully evidence the
interest of Interface as Interface (or its assigns) may reasonably request).

         (h)      [Intentionally Omitted].

         (i)      Collections. Such Original Seller will cause (1) all proceeds
from all LockBoxes to be directly deposited by a Collection Bank into a LockBox
Account and (2) each LockBox and LockBox Account (other than the Excluded
Deposit Accounts) to be subject at all times to a LockBox Account Agreement that
is in full force and effect. In the event any payments relating to Receivables
are remitted directly to such Original Seller or any Affiliate of such Original
Seller, such Original Seller will remit (or will cause all such payments to be
remitted) directly to a Collection Bank and deposited into a LockBox Account (A)
if no Termination Event and no Significant Event has then occurred and is
continuing within two (2) Business Days following receipt thereof, and at any
time a Termination Event or a Significant Event has occurred and is continuing,
immediately upon receipt thereof.. At all times prior to such remittance, such
Original Seller will itself hold or, if applicable, will cause such payments to
be held in trust for the exclusive benefit of Interface and its assigns. Such
Original Seller will

                                       12
<PAGE>

transfer exclusive ownership, dominion and control of each LockBox and LockBox
Account to Interface and, will not grant the right to take dominion and control
of any LockBox or LockBox Account at a future time or upon the occurrence of a
future event to any Person, except to Interface (or its assigns) as contemplated
by this Agreement and the Loan Agreement.

         (j)      Taxes. Such Original Seller will file all tax returns and
reports required by law to be filed by it and promptly pay all taxes and
governmental charges at any time owing, except any such taxes which are not yet
delinquent or are being diligently contested in good faith by appropriate
proceedings and for which adequate reserves in accordance with GAAP shall have
been set aside on its books. Such Original Seller will pay when due any taxes
payable in connection with the Receivables of such Original Seller for all
periods during which such Receivables were owned by such Original Seller,
exclusive of taxes on or measured by income or gross receipts of Interface and
its assigns.

         (k)      Insurance. Such Original Seller will maintain in effect, or
cause to be maintained in effect, at such Original Seller's own expense, such
casualty and liability insurance as such Original Seller deems appropriate in
its good faith business judgment. Interface, SPV and the Administrator, for the
benefit of Lender, shall be named as additional insureds with respect to all
such liability insurance maintained by such Original Seller. Such Original
Seller will pay or cause to be paid, the premiums therefor and deliver to
Interface, SPV and the Administrator evidence satisfactory to Interface and the
Administrator of such insurance coverage. Copies of each policy shall be
furnished to Interface, SPV, the Administrator and Lender in certificated form
upon Interface's, SPV's, the Administrator's or Lender's request. The foregoing
requirements shall not be construed to negate, reduce or modify, and are in
addition to, such Original Seller's obligations hereunder.

         (l)      Accuracy of Information. All information furnished by such
Original Seller or any of its Affiliates to Interface (or its assigns) will be
true and accurate in every material respect on the date such information is
stated or certified and will not contain any material misstatement of fact or
omit to state a material face or any fact necessary to make the statements
contained therein not misleading as of the date such information is stated or
certified.

         Section 4.2    Negative Covenants of Original Sellers. Until the date
on which this Agreement terminates in accordance with its terms, each Original
Seller hereby covenants that:

         (a)      Name Change, Offices and Records. In the event that any
Original Seller shall change its name, such Original Seller shall notify
Interface (and its assigns) of such change immediately, and in any event within
10 days of the occurrence of any such change. In the event that any Original
Seller shall change its identity, corporate structure, its state of organization
or any office where any material portion of Records are kept, such Original
Seller shall notify Interface (and its assigns) of such change as soon as
reasonably practicable, and in any event within 30 days of the occurrence of any
such change.

         (b)      Change in Payment Instructions to Obligors. Such Original
Seller will not add or terminate any bank as a Collection Bank, or make any
change in the instructions to Obligors regarding payments to be made to any
LockBox or LockBox Account, unless Interface

                                       13
<PAGE>

(or its assigns) shall have received, at least ten (10) days before the proposed
effective date therefor, (i) written notice of such addition, termination or
change and (ii) with respect to the addition of a Collection Bank or a LockBox
or LockBox Account, an executed LockBox Account Agreement, acceptable to
Interface (and to SPV and its assigns) with respect to the new LockBox or
LockBox Account; provided, however, that such Original Seller may make changes
in instructions to Obligors regarding payments if such new instructions require
such Obligor to make payments to another existing LockBox Account (other than an
Excluded Deposit Account).

         (c)      Modifications to Contracts and Credit and Collection Policy.
Such Original Seller will not make any material change or any material amendment
to the Credit and Collection Policy that could reasonably be expected to
adversely affect the collectibility of the Receivables of such Original Seller
or decrease the credit quality of any newly created Receivables of such Original
Seller without the prior written consent of Interface (and SPV and its assigns).
Except as otherwise permitted in its capacity as Servicer pursuant to the Loan
Agreement, such Original Seller will not extend, amend or otherwise modify the
terms of any Receivable of such Original Seller or any Contract related thereto
other than in accordance with its Credit and Collection Policy.

         (d)      Sales, Liens. Such Original Seller will not sell, assign (by
operation of law or otherwise) or otherwise dispose of, or grant any option with
respect to, or create or suffer to exist any Adverse Claim upon (including,
without limitation, the filing of any financing statement) or with respect to,
any Receivable of such Original Seller or any Related Security or Collections
with respect thereto, or upon or with respect to any Contract under which any
such Receivable arises, or any LockBox or LockBox Account, or assign any right
to receive income with respect thereto (other than, in each case, the creation
of the interests therein in favor of Interface provided for herein), and such
Original Seller will defend the right, title and interest of Interface in, to
and under any of the foregoing property, against all claims of third parties
claiming through or under such Original Seller. Such Original Seller shall not
create or suffer to exist any mortgage, pledge, security interest, encumbrance,
lien, charge or other similar arrangement on any of its inventory, other than ad
Adverse Claim in favor of the Collateral Administrator (under and as defined in
Interface Revolving Credit Agreement).

         (e)      Accounting for Purchase. Such Original Seller will not, and
will not permit any Affiliate to, account for or treat (whether in financial
statements or otherwise) the transactions contemplated hereby in any manner
other than the sale of the Receivables of such Original Seller and the Related
Security by such Original Seller to Interface or in any other respect account
for or treat the transactions contemplated hereby in any manner other than as a
sale of such Receivables and the Related Security by such Original Seller to
Interface except to the extent that such transactions are not recognized on
account of consolidated financial reporting in accordance with generally
accepted accounting principles.

                                       14
<PAGE>

                                   ARTICLE V.
                               TERMINATION EVENTS

         Section 5.1    Termination Events. The occurrence of any one or more
of the following events shall constitute a Termination Event:

         (a)      Any Original Seller shall fail (i) to make any payment or
deposit consisting of principal required hereunder when due and, in the case of
any failure to make a timely payment or deposit solely by reason of any
mechanical delay in or malfunction of the Fedwire system, such failure shall
continue for one (1) Business Day and so long as such Original Seller pays
immediately upon demand any and all losses, costs and expenses incurred by
Interface, the Buyer, Lender or the Administrator in connection with or as a
result of such failure to make a timely payment or deposit, (ii) to make any
payment or deposit (other than as referred to in clause (i) of this paragraph
(a)) of any other amounts when due hereunder and such failure shall continue for
three (3) consecutive Business Days, (iii) to comply with the provisions of
Section 4.1(b)(i), (ii) or (iii) or 4.2 and such failure shall continue for
thirty (3o) consecutive days after the earlier to occur of (x) such Original
Seller's having knowledge thereof and (y) such Original Seller's having received
written notice thereof from Interface, (iv) to comply with the provisions of
Section 4.1 (f), (g), (h), (j) or (m) and such failure shall continue for five
(5) consecutive Business Days after the earlier to occur of (x) such Original
Seller's having knowledge thereof and (y) such Original Seller's having received
written notice thereof from Interface, or (v) to perform or observe any term,
covenant or agreement hereunder (other than as referred to in clauses (i), (ii),
(iii) or (iv) of this paragraph (a)) and such failure shall continue for ten
(10) consecutive Business Days after the earlier to occur of (x) such Original
Seller's having knowledge thereof and (y) such Original Seller's having received
written notice thereof from Interface.

         (b)      Any representation, warranty, certification or statement made
by any Original Seller in this Agreement, any other Transaction Document to
which it is a party or in any other document delivered pursuant hereto or
thereto shall prove to have been incorrect in any material respect when made or
deemed made.

         (c)      Failure of any Original Seller to pay any Indebtedness when
due in an amount in excess of $10,000,000; or the default by any Original Seller
in the performance of any term, provision or condition contained in any
agreement under which any such Indebtedness was created or is governed, the
effect of which is to cause, or to permit the holder or holders of such
Indebtedness to cause, such Indebtedness to become due prior to its stated
maturity; or any such Indebtedness of any Original Seller shall be declared to
be due and payable or required to be prepaid (other than by a regularly
scheduled payment) prior to the date of maturity thereof.

         (d)      (i) Any Original Seller shall generally not pay its debts as
such debts become due or shall admit in writing its inability to pay its debts
generally or shall make a general assignment for the benefit of creditors; or
(ii) any proceeding shall be instituted by any Original Seller seeking to
adjudicate it bankrupt or insolvent, or seeking liquidation, winding up,
reorganization, arrangement, adjustment, protection, relief or composition of it
or its debts under any law relating to bankruptcy, insolvency or reorganization
or relief of debtors, or seeking the entry of an order for relief or the
appointment of a receiver, trustee or other similar official for it

                                       15
<PAGE>

or any substantial part of its property or (iii) any proceeding shall be
instituted against any Original Seller seeking to adjudicate it bankrupt or
insolvent, or seeking liquidation, winding up, reorganization, arrangement,
adjustment, protection, relief or composition of it or its debts under any law
relating to bankruptcy, insolvency or reorganization or relief of debtors, or
seeking the entry of an order for relief or the appointment of a receiver,
trustee or other similar official for it or any substantial part of its property
which proceeding is not dismissed within 30 days of the institution thereof or
(iv) any Original Seller shall take any corporate action to authorize any of the
actions set forth in this subsection (d).

         (e)      One or more final judgments for the payment of money in an
amount in excess of $10,000,000, individually or in the aggregate, shall be
entered against any Original Seller on claims not covered by insurance or as to
which the insurance carrier has denied its responsibility, and such judgment
shall continue unsatisfied and in effect for thirty (30) consecutive days
without a stay of execution.

         (f)      This Agreement shall terminate in whole or in part (except in
accordance with its terms), or shall cease to be effective or to be the legally
valid, binding and enforceable obligation of any Original Seller, or any Obligor
shall directly or indirectly contest in any manner such effectiveness, validity,
binding nature or enforceability, or Interface shall cease to have a valid
ownership interest in the Receivables, the Related Security and the Collections
with respect thereto, and the LockBox Accounts, free and clear of any Adverse
Claims (other than Permitted Adverse Claims).

         (g)      Interface shall fail to own, free and clear of any Adverse
Claims (other than a Permitted Adverse Claim), 100% of the voting stock of any
Original Seller.

         Section 5.2    Remedies. Upon the occurrence and during the
continuation of a Termination Event, Interface may take any of the following
actions: (i) declare the Termination Date to have occurred, whereupon the
Termination Date shall forthwith occur, without demand, protest or further
notice of any kind, all of which are hereby expressly waived by each Original
Seller; provided, however, that upon the occurrence of a Termination Event
described in Section 5.1(d)(ii), (iii) or (iv), or of an actual or deemed entry
of an order for relief with respect to any Original Seller under the Federal
Bankruptcy Code, the Termination Date shall automatically occur, without demand,
protest or any notice of any kind, all of which are hereby expressly waived by
each Original Seller and (ii) to the fullest extent permitted by applicable law,
declare that the Default Fee shall accrue with respect to any amounts then due
and owing by each Original Seller to Interface. The aforementioned rights and
remedies shall be without limitation and shall be in addition to all other
rights and remedies of Interface and its assigns otherwise available under any
other provision of this Agreement, by operation of law, at equity or otherwise,
all of which are hereby expressly preserved, including, without limitation, all
rights and remedies provided under the UCC, all of which rights shall be
cumulative.

                                   ARTICLE VI.
                                 INDEMNIFICATION

         Section 6.1    Indemnities by Original Sellers. Without limiting any
other rights that Interface may have hereunder or under applicable law, each
Original Seller hereby agrees to

                                       16
<PAGE>

indemnify (and pay upon demand to) Interface and its assigns, officers,
directors, agents and employees (each, an "INDEMNIFIED PARTY") from and against
any and all damages, losses, claims, taxes, liabilities, costs, expenses and for
all other amounts payable, including reasonable attorneys' fees (which attorneys
may be employees of Interface or any such assign) and disbursements (all of the
foregoing being collectively referred to as "INDEMNIFIED AMOUNTS") awarded
against or incurred by any of them arising out of or as a result of this
Agreement or the acquisition, either directly or indirectly, by Interface of an
interest in the Receivables of such Original Seller, excluding, however:

                  (a)      Indemnified Amounts to the extent a final judgment of
         a court of competent jurisdiction holds that such Indemnified Amounts
         resulted from gross negligence or willful misconduct on the part of the
         Indemnified Party seeking indemnification;

                  (b)      Indemnified Amounts to the extent the same includes
         losses in respect of Receivables that are uncollectible on account of
         the insolvency, bankruptcy or lack of creditworthiness of the related
         Obligor; or

                  (c)      taxes imposed by the jurisdiction in which such
         Indemnified Party's principal executive office is located and any
         jurisdiction in which such Indemnified Party is doing business (except
         to the extent that any such tax is imposed by such jurisdiction based
         upon this Agreement or any other Transaction Document), on or measured
         by the overall net income of such Indemnified Party to the extent that
         the computation of such taxes is consistent with the characterization
         for income tax purposes of the loans under the Loan Agreement as loans
         by Lender to the SPV secured by, among other things, the Receivables,
         the Related Security and the Collections;

provided, however, that nothing contained in this sentence shall limit the
liability of any Original Seller or limit the recourse of Interface to any
Original Seller for amounts otherwise specifically provided to be paid by such
Original Seller under the terms of this Agreement. Without limiting the
generality of the foregoing indemnification, each Original Seller shall
indemnify Interface for Indemnified Amounts (including, without limitation,
losses in respect of uncollectible receivables, regardless of whether
reimbursement therefor would constitute recourse to such Original Seller)
relating to or resulting from:

                  (i)      any representation or warranty made by such Original
         Seller (or any officers of such Original Seller) under or in connection
         with this Agreement, any other Transaction Document or any other
         information or report delivered by such Original Seller pursuant hereto
         or thereto that shall have been false or incorrect when made or deemed
         made;

                  (ii)     the failure by such Original Seller, to comply with
         any applicable law, rule or regulation with respect to any Receivable
         of such Original Seller or Contract related thereto, or the non
         conformity of any Receivable of such Original Seller or Contract
         included therein with any such applicable law, rule or regulation or
         any failure of such Original Seller to keep or perform any of its
         obligations, express or implied, with respect to any Contract;

                                       17
<PAGE>

                  (iii)    any failure of such Original Seller to perform its
         duties, covenants or other obligations in accordance with the
         provisions of this Agreement or any other Transaction Document;

                  (iv)     any products liability, personal injury or damage,
         suit or other similar claim arising out of or in connection with
         merchandise, insurance or services that are the subject of any Contract
         or any Receivable of such Original Seller;

                  (v)      any dispute, claim, offset or defense (other than
         discharge in bankruptcy of the Obligor) of the Obligor to the payment
         of any Receivable of such Original Seller (including, without
         limitation, a defense based on such Receivable or the related Contract
         not being a legal, valid and binding obligation of such Obligor
         enforceable against it in accordance with its terms), or any other
         claim resulting from the sale of the merchandise or service related to
         such Receivable or the furnishing or failure to furnish such
         merchandise or services;

                  (vi)     the commingling of Collections of Receivables of such
         Original Seller at any time with other funds;

                  (vii)    any investigation, litigation or proceeding related
         to or arising from this Agreement or any other Transaction Document,
         the transactions contemplated hereby, the use of the proceeds of any
         Purchase Price Payment, the ownership of the Receivables of such
         Original Seller or any other investigation, litigation or proceeding
         relating to such Original Seller in which any Indemnified Party becomes
         involved as a result of any of the transactions contemplated hereby;

                  (viii)   any inability to litigate any claim against any
         Obligor in respect of any Receivable of such Original Seller as a
         result of such Obligor being immune from civil and commercial law and
         suit on the grounds of sovereignty or otherwise from any legal action,
         suit or proceeding;

                  (ix)     any Termination Event described in Section 5.1(d);

                  (x)      any failure to vest and maintain vested in Interface,
         or to transfer to Interface, legal and equitable title to, and
         ownership of, the Receivables of such Original Seller and the
         Collections, and all of such Original Seller's right, title and
         interest in the Related Security associated with the Receivables of
         such Original Seller, in each case, free and clear of any Adverse Claim
         (other than Permitted Adverse Claims);

                  (xi)     the failure to have filed, or any delay in filing,
         financing statements or other similar instruments or documents under
         the UCC of any applicable jurisdiction or other applicable laws with
         respect to any Receivable of such Original Seller, the Related Security
         and Collections with respect thereto, and the proceeds of any thereof,
         whether at the time of the Purchase or at any subsequent time;

                  (xii)    any action or omission by such Original Seller that
         reduces or impairs the rights of Interface with respect to any
         Receivable of such Original Seller or the value of any such Receivable;

                                       18
<PAGE>

                  (xiii)   any attempt by any Person to void the Purchase
         hereunder under statutory provisions or common law or equitable action;
         and

                  (xiv)    the failure of any Receivable of such Original Seller
         included in the calculation of the Net Receivables Balance as an
         Eligible Receivable to be an Eligible Receivable at the time so
         included.

         Section 6.2    Other Costs and Expenses. The Original Sellers shall be
jointly and severally liable for, and shall pay to Interface on demand, all
costs and out-of- pocket expenses actually incurred in connection with the
preparation, execution, delivery and administration of this Agreement, the
transactions contemplated hereby and the other documents to be delivered
hereunder. Each Original Seller shall pay to Interface on demand any and all
costs and expenses of Interface actually incurred, if any, including reasonable
counsel fees and expenses in connection with the enforcement of this Agreement
and the other documents delivered hereunder against such Original Seller and in
connection with any restructuring or workout of this Agreement, the Receivables
Sale Agreement or the Loan Agreement, or such documents, or the administration
of this Agreement following a Termination Event.

                                  ARTICLE VII.
                                  MISCELLANEOUS

         Section 7.1    Waivers and Amendments.

         (a)      No failure or delay on the part of Interface (or its assigns)
in exercising any power, right or remedy under this Agreement shall operate as a
waiver thereof, nor shall any single or partial exercise of any such power,
right or remedy preclude any other further exercise thereof or the exercise of
any other power, right or remedy. The rights and remedies herein provided shall
be cumulative and nonexclusive of any rights or remedies provided by law. Any
waiver of this Agreement shall be effective only in the specific instance and
for the specific purpose for which given.

         (b)      No provision of this Agreement may be amended, supplemented,
modified or waived except in writing signed by each Original Seller and
Interface and, to the extent required under the Loan Agreement, the
Administrator.

         Section 7.2    Notices. All communications and notices provided for
hereunder shall be in writing (including bank wire, telecopy or electronic
facsimile transmission or similar writing) and shall be given to the other
parties hereto at their respective addresses or telecopy numbers set forth on
the signature pages hereof or at such other address or telecopy number as such
Person may hereafter specify for the purpose of notice to each of the other
parties hereto. Each such notice or other communication shall be effective (a)
if personally delivered, when received, (b) if sent by certified mail, three
Business Days after having been deposited in the mail, postage prepaid, (c) if
sent by overnight courier, one Business Day after having been given to such
courier, and (d) if transmitted by facsimile, when sent, receipt confirmed by
telephone or electronic means.

                                       19
<PAGE>

         Section 7.3    Protection of Ownership Interests of Interface.

         (a)      Each Original Seller agrees that from time to time, at its
expense, it will promptly execute and deliver all instruments and documents, and
take all actions, that may be necessary or desirable, or that Interface (or its
assigns) may request, to perfect, protect or more fully evidence the interest of
Interface hereunder and the security interest of the Administrator under the
Loan Agreement, or to enable Interface (or its assigns) to exercise and enforce
their rights and remedies hereunder. At any time during the occurrence and
continuance of a Significant Event, Interface (or its assigns) may, at such
Original Seller's sole cost and expense, direct such Original Seller to notify
the Obligors of Receivables of such Original Seller of the ownership interests
of Interface under this Agreement and may also direct that payments of all
amounts due or that become due under any or all Receivables of such Original
Seller be made directly to Interface or its designee.

         (b)      If any Original Seller fails to perform any of its obligations
hereunder, Interface (or its assigns) may (but shall not be required to)
perform, or cause performance of, such obligations, and Interface's (or such
assigns') costs and expenses incurred in connection therewith shall be payable
by the Original Sellers as provided in Section 6.2. Each Original Seller
irrevocably authorizes Interface (and its assigns) at any time and from time to
time in the sole discretion of Interface (or its assigns), and appoints
Interface (and its assigns) as its attorney(ies)-in-fact, to act on behalf of
such Original Seller (i) to duly authorize on behalf of such Original Seller as
debtor and to file financing statements necessary or desirable in Interface's
(or its assigns') sole discretion to perfect and to maintain the perfection and
priority of the interest of Interface in the Receivables of such Original Seller
and (ii) to file a carbon, photographic or other reproduction of this Agreement
or any financing statement with respect to the Receivables of such Original
Seller as a financing statement in such offices as Interface (or its assigns) in
their sole discretion deem necessary or desirable to perfect and to maintain the
perfection and priority of Interface's interests in the Receivables of such
Original Seller. This appointment is coupled with an interest and is
irrevocable.

         (c)      Each Original Seller hereby agrees to act as sub-servicer of
the Servicer with respect to all Receivables conveyed by such Original Seller to
Interface hereunder and to perform the duties and obligations of the Servicer
pursuant to the terms of the Loan Agreement with respect to such Receivables.
Notwithstanding the foregoing (i) Interface shall be and remain primarily liable
to the Administrator and Lender for the full and prompt performance of all
duties and responsibilities of the Servicer under the Loan Agreement and (ii)
the Administrator and Lender shall be entitled to deal exclusively with
Interface in matters relating to the discharge by the Servicer of its duties and
responsibilities thereunder.

         Section 7.4    Confidentiality.

         (a)      Each Original Seller shall maintain and shall cause each of
its employees and officers to maintain the confidentiality of this Agreement and
the other confidential or proprietary information with respect to the
Administrator and Lender and their respective businesses obtained by it or them
in connection with the structuring, negotiating and execution of the
transactions contemplated herein, except that such Original Seller and its
officers and employees may disclose such information to such Original Seller's
external accountants and

                                       20
<PAGE>

attorneys and as required by any applicable law or order of any judicial or
administrative proceeding.

         (b)      Anything herein to the contrary notwithstanding, each Original
Seller hereby consents to the disclosure of any nonpublic information with
respect to it (i) to Interface, SPV, the Administrator, or Lender by each other,
(ii) by Interface, SPV, the Administrator or Lender to any prospective or actual
assignee or participant of any of them who executes a confidentiality agreement
for the benefit of Interface and SPV on terms comparable to those required of
Interface hereunder with respect to such disclosed information and (iii) by the
Administrator to any rating agency, Commercial Paper dealer or provider of a
surety, guaranty or credit or liquidity enhancement to Lender or any entity
organized for the purpose of purchasing, or making loans secured by, financial
assets for which SunTrust Capital Markets, Inc. acts as the administrator and to
any officers, directors, employees, outside accountants and attorneys of any of
the foregoing who execute a confidentiality agreement for the benefit of
Interface and SPV on terms comparable to those required of Interface hereunder
with respect to such disclosed information; provided, that each such Person is
informed of the confidential nature of such information. In addition, Lender and
the Administrator may disclose any such nonpublic information pursuant to any
law, rule, regulation, direction, request or order of any judicial,
administrative or regulatory authority or proceedings (whether or not having the
force or effect of law).

         (c)      Interface shall maintain and shall cause each of its employees
and officers to maintain the confidentiality of this Agreement and the other
confidential or proprietary information with respect to each Original Seller,
the Obligors and their respective businesses obtained by it in connection with
the due diligence evaluations, structuring, negotiating and execution of the
Transaction Documents, and the consummation of the transactions contemplated
herein and any other activities of Interface arising from or related to the
transactions contemplated herein provided, however, that each of Interface and
its employees and officers shall be permitted to disclose such confidential or
proprietary information: (i) to the SPV, the Administrator and Lender, (ii) to
any prospective or actual assignee or participant of the Administrator or Lender
who executes a confidentiality agreement for the benefit of the Original Sellers
and Interface on terms comparable to those required of Interface hereunder with
respect to such disclosed information, (iii) to any rating agency, provider of a
surety, guaranty or credit or liquidity enhancement to Lender, (iv) to any
officers, directors, employees, outside accountants and attorneys of any of the
foregoing, and (v) to the extent required pursuant to any applicable law, rule,
regulation, direction, request or order of any judicial, administrative or
regulatory authority or proceedings with competent jurisdiction (whether or not
having the force or effect of law) so long as such required disclosure is made
under seal to the extent permitted by applicable law or by rule of court or
other applicable body.

         Section 7.5    Bankruptcy Petition.

         (a)      Each Original Seller and Interface each hereby covenants and
agrees that, prior to the date that is one year and one day after the payment in
full of all outstanding senior indebtedness of Lender, it will not institute
against, or join any other Person in instituting against, Lender or any such
entity any bankruptcy, reorganization, arrangement, insolvency or

                                       21
<PAGE>

liquidation proceedings or other similar proceeding under the laws of the United
States or any state of the United States.

         (b)      Each Original Seller covenants and agrees that, prior to the
date that is one year and one day after the payment in full of all outstanding
obligations of the SPV under the Loan Agreement, it will not institute against,
or join any other Person in instituting against, the SPV any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings or other
similar proceeding under the laws of the United States or any state of the
United States.

         Section 7.6    Limitation of Liability. Except with respect to any
claim arising out of the willful misconduct or gross negligence of Lender or the
Administrator, no claim may be made by any Original Seller or any other Person
against Lender, the Administrator or their respective Affiliates, directors,
officers, employees, attorneys or agents for any special, indirect,
consequential or punitive damages in respect of any claim for breach of contract
or any other theory of liability arising out of or related to the transactions
contemplated by this Agreement, or any act, omission or event occurring in
connection therewith; and each Original Seller hereby waives, releases, and
agrees not to sue upon any claim for any such damages, whether or not accrued
and whether or not known or suspected to exist in its favor.

         Section 7.7    CHOICE OF LAW. THIS AGREEMENT SHALL BE GOVERNED AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS
OTHER THAN SECTION 5-1401 OF THE NEW YORK OBLIGATIONS LAW) OF THE STATE OF NEW
YORK.

         Section 7.8    CONSENT TO JURISDICTION. EACH ORIGINAL SELLER HEREBY
IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES
FEDERAL OR NEW YORK STATE COURT SIT TING IN NEW YORK, NEW YORK IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY DOCUMENT EXECUTED
BY SUCH ORIGINAL SELLER PURSUANT TO THIS AGREEMENT AND SUCH ORIGINAL SELLER
HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR
PROCEEDING MAY BE HEARD AND DETER MINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES
ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT,
ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN
INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF INTERFACE (OR ITS
ASSIGNS) TO BRING PROCEEDINGS AGAINST ANY ORIGINAL SELLER IN THE COURTS OF ANY
OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY ANY ORIGINAL SELLER AGAINST
INTERFACE (OR ITS ASSIGNS) OR ANY AFFILIATE THEREOF INVOLVING, DIRECTLY OR
INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH
THIS AGREEMENT OR ANY DOCUMENT EXECUTED BY SUCH ORIGINAL SELLER PURSUANT TO THIS
AGREEMENT SHALL BE BROUGHT ONLY IN A COURT IN NEW YORK, NEW YORK.

         Section 7.9    WAIVER OF JURY TRIAL. TO THE EXTENT PERMIT TED BY
APPLICABLE LAW, EACH PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL
PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY

                                       22
<PAGE>

MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT
OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT, ANY DOCUMENT EXECUTED BY ANY
ORIGINAL SELLER PURSUANT TO THIS AGREEMENT OR THE RELATIONSHIP ESTABLISHED
HEREUNDER OR THEREUNDER.

         Section 7.10   Integration; Binding Effect; Survival of Terms.

         (a)      This Agreement and each other Transaction Document contain the
final and complete integration of all prior expressions by the parties hereto
with respect to the subject matter hereof and shall constitute the entire
agreement among the parties hereto with respect to the subject matter hereof
superseding all prior oral or written understandings. This Agreement shall
supersede and replace the Original Receivables Transfer Agreement (other than
any provisions thereof which by their express terms survive termination of the
Original Receivables Transfer Agreement).

         (b)      This Agreement shall be binding upon and inure to the benefit
of each Original Seller and Interface, and their respective successors and
permitted assigns (including any trustee in bankruptcy). No Original Seller may
assign any of its rights and obligations hereunder or any interest herein
without the prior written consent of Interface. Interface may assign at any time
its rights and obligations hereunder and interests herein to any other Person
without the consent of any Original Seller. Without limiting the foregoing, each
Original Seller acknowledges that Interface, pursuant to the Receivables Sale
Agreement, may assign to the SPV, its rights, remedies, powers and privileges
hereunder, that the SPV, pursuant to the Loan Agreement, may grant to
Administrator a security interest in its rights, remedies, powers and privileges
thereunder, and that the Administrator may further assign such security interest
to the extent permitted in the Loan Agreement. Each Original Seller agrees that
SPV, as the assignee of Interface, and the Administrator, as secured party of
SPV, shall, subject to the terms of the Receivables Sale Agreement and the Loan
Agreement, have the right to enforce this Agreement and to exercise directly all
of Interface's rights and remedies under this Agreement (including, without
limitation, the right to give or withhold any consents or approvals of Interface
to be given or withheld hereunder) and each Original Seller agrees to cooperate
fully with SPV and the Administrator in the exercise of such rights and
remedies. This Agreement shall create and constitute the continuing obligations
of the parties hereto in accordance with its terms and shall remain in full
force and effect until terminated in accordance with its terms; provided,
however, that the rights and remedies with respect to (i) any breach of any
representation and warranty made by any Original Seller pursuant to Article II;
(ii) the indemnification and payment provisions of Article VI; and (iii) Section
7.5 shall be continuing and shall survive any termination of this Agreement.

         Section 7.11   Counterparts; Severability; Section References. This
Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed
to be an original and all of which when taken together shall constitute one and
the same Agreement. Delivery of an executed counterpart of a signature page to
this Agreement by facsimile shall be as effective as delivery of a manually
executed counterpart to this Agreement. Any provisions of this Agreement that
are prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the

                                       23
<PAGE>

extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction. Unless otherwise expressly indicated, all references herein
to "Article," "Section," "Schedule" or "Exhibit" shall mean articles and
sections of, and schedules and exhibits to, this Agreement.

                            [SIGNATURE PAGE FOLLOWS]

                                       24
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and delivered by their duly authorized officers as of the date hereof.

                             INTERFACE FABRICS GROUP MARKETING, INC.,
                             as an Original Seller

                             By: /s/ Patrick C. Lynch
                                -----------------------------------------------
                                Name:  Patrick C. Lynch
                                Title: Vice President

                                       Address:
                                            c/o Interface, Inc.
                                            2859 Paces Ferry Road, Suite 2000
                                            Atlanta, GA 30339
                                            Attention:  Corporate Legal
                                                        Department
                                            Phone:      (770) 437-6800
                                            Fax:        (770) 319-6270

                             INTERFACE TEKNIT, INC., as an Original Seller

                             By: /s/ Patrick C. Lynch
                                -----------------------------------------------
                             Name:  Patrick C. Lynch
                             Title:  Vice President

                                       Address:
                                            c/o Interface, Inc.
                                            2859 Paces Ferry Road, Suite 2000
                                            Atlanta, GA 30339
                                            Attention:  Corporate Legal
                                                        Department
                                            Phone:      (770) 437-6800
                                            Fax:        (770) 319-6270

                                       25
<PAGE>

                             INTERFACE TEKSOLUTIONS, LLC, as an Original Seller

                             By: INTERFACE FABRICS GROUP
                             MARKETING, INC., its Sole Member

                             By: /s/ Patrick C. Lynch
                                -----------------------------------------------
                             Name:  Patrick C. Lynch
                             Title:  Vice President

                                       Address:
                                            c/o Interface, Inc.
                                            2859 Paces Ferry Road, Suite 2000
                                            Atlanta, GA 30339
                                            Attention:  Corporate Legal
                                                        Department
                                            Phone:      (770) 437-6800
                                            Fax:        (770) 319-6270

                             PANDEL, INC., as an Original Seller

                             By: /s/ Patrick C. Lynch
                                -----------------------------------------------
                             Name:  Patrick C. Lynch
                             Title:  Vice President

                                       Address:
                                            c/o Interface, Inc.
                                            2859 Paces Ferry Road, Suite 2000
                                            Atlanta, GA 30339
                                            Attention:  Corporate Legal
                                                        Department
                                            Phone:      (770) 437-6800
                                            Fax:        (770) 319-6270

                                       26
<PAGE>

                             INTERFACE AMERICAS, INC, as an Original Seller

                             By: /s/ Patrick C. Lynch
                                -----------------------------------------------
                             Name:  Patrick C. Lynch
                             Title:  Vice President

                                       Address:
                                            c/o Interface, Inc.
                                            2859 Paces Ferry Road, Suite 2000
                                            Atlanta, GA 30339
                                            Attention:  Corporate Legal
                                                        Department
                                            Phone:      (770) 437-6800
                                            Fax:        (770) 319-6270

                             INTERFACE, INC.

                             By: /s/ Patrick C. Lynch
                                -----------------------------------------------
                             Name:  Patrick C. Lynch
                             Title:  Vice President

                                       Address:
                                            2859 Paces Ferry Road, Suite 2000
                                            Atlanta, GA 30339
                                            Attention:  Corporate Legal
                                                        Department
                                            Phone:      (770) 437-6800
                                            Fax:        (770) 319-6270

                                       27
<PAGE>

                                    EXHIBIT I

                                   Definitions

         This is Exhibit I to the Agreement (as hereinafter defined). As used in
the Agreement and the Exhibits, Schedules and Annexes thereto, capitalized terms
have the meanings set forth in this Exhibit I (such meanings to be equally
applicable to the singular and plural forms thereof). If a capitalized term is
used in the Agreement, or any Exhibit, Schedule or Annex thereto, and not
otherwise defined therein or in this Exhibit I, such term shall have the meaning
assigned thereto in the Loan Agreement or in the Receivables Sale Agreement.

         "ADMINISTRATOR" has the meaning set forth in the Preliminary Statements
to the Agreement.

         "AGREEMENT" means the Receivables Transfer Agreement, dated as of
February 12, 2003, among the Original Sellers and Interface, as the same may be
amended, restated or otherwise modified.

         "CALCULATION PERIOD" means each calendar month or portion thereof that
elapses during the term of the Agreement. The first Calculation Period shall
commence on the date of the Purchase of Receivables hereunder and the final
Calculation Period shall terminate on the Termination Date.

         "CHANGE OF CONTROL" means a Change of Control under and as defined in
the Interface Revolving Credit Agreement.

         "CREDIT AND COLLECTION POLICY" means each Original Seller's credit and
collection policies and practices relating to Contracts and Receivables existing
on the date hereof and summarized in Exhibit V, as modified from time to time in
accordance with the Agreement.

         "DEFAULT FEE" means a per annum rate of interest equal to the sum of
(i) the Prime Rate, plus (ii) 2% per annum.

         "DILUTIONS" means, at any time, the aggregate amount of reductions or
cancellations described in Section 1.3(a) of the Agreement.

         "DISCOUNT FACTOR" means a percentage calculated to provide Interface
with a reasonable return on its investment in the Receivables of any Original
Seller after taking account of (i) the time value of money based upon the
anticipated dates of collection of the Receivables of such Original Seller and
the cost to Interface of financing its investment in the Receivables of such
Original Seller during such period and (ii) the risk of nonpayment by the
Obligors. Each Original Seller and Interface may agree from time to time to
change the Discount Factor with respect to Receivables purchased by Interface
from such Original Seller hereunder based on changes in one or more of the items
affecting the calculation thereof, provided that any change to the Discount
Factor shall take effect as of the commencement of a Calculation Period, shall
apply only prospectively and shall not affect the Purchase Price payment made
prior to the Calculation Period during which such Original Seller and Interface
agree to make such change.

                                       28
<PAGE>

         "INITIAL CUTOFF DATE" has the meaning set forth in Section 1.2(a).

         "INTERFACE" has the meaning set forth in the preamble to the Agreement.

         "LENDER" has the meaning set forth in the Preliminary Statements to the
Agreement.

         "LOAN AGREEMENT" has the meaning set forth in the Preliminary
Statements to the Agreement.

         "MATERIAL ADVERSE EFFECT" means a material adverse effect on (i) the
financial condition or operations of any Original Seller and its Subsidiaries,
(ii) the ability of any Original Seller to perform its obligations under the
Agreement or any other Transaction Document, (iii) the legality, validity or
enforceability of the Agreement or any other Transaction Document, (iv) any
Original Seller's, Interface's, SPV's or the Administrator's (on behalf of
Lender) interest in the Receivables generally or in any significant portion of
the Receivables, the Related Security or Collections with respect thereto, or
(v) the collectibility of the Receivables generally or of any material portion
of the Receivables.

         "ORIGINAL BALANCE" means, with respect to any Receivable coming into
existence after the Initial Cutoff Date, the Outstanding Balance of such
Receivable on the date it was created.

         "ORIGINAL RECEIVABLES PURCHASE AGREEMENT" means that certain
Receivables Purchase Agreement dated as of December 19, 2000 among SPV,
Interface, as servicer, certain financial institutions party thereto as
purchasers, Jupiter Securitization Corporation and Bank One, NA (Main Office
Chicago), as agent, as amended.

         "ORIGINAL RECEIVABLES TRANSFER AGREEMENT" means the Receivables
Transfer Agreement as defined in the Original Receivables Purchase Agreement.

         "ORIGINAL SELLER" has the meaning set forth in the preamble to the
Agreement.

         "PERMITTED ADVERSE CLAIM" means (a) Liens for taxes or assessments or
other governmental charges not yet due and payable; and (b) Liens created by the
Transaction Documents.

         "POTENTIAL TERMINATION EVENT" means an event that, with the passage of
time or the giving of notice, or both, would constitute a Termination Event.

         "PURCHASE" means the purchase pursuant to Section 1.1(a) of the
Agreement by Interface from an Original Seller of such Original Seller's
Receivables and the Related Security and Collections related thereto, together
with all related rights in connection therewith.

         "PURCHASE PRICE" means, with respect to the Purchase, the aggregate
price to be paid by Interface to the applicable Original Seller for such
Purchase in accordance with Section 1.2 of the Agreement for the Receivables,
Collections and Related Security of such Original Seller being sold to
Interface, which price shall equal on any date (i) the product of (x) the

                                       29
<PAGE>

Outstanding Balance of such Receivables on such date, multiplied by (y) one
minus the Discount Factor for such Original Seller in effect on such date, minus
(ii) any Purchase Price Credits to be credited against the Purchase Price
otherwise payable to such Original Seller in accordance with Section 1.3 of the
Agreement.

         "PURCHASE PRICE CREDIT" has the meaning set forth in Section 1.3 of the
Agreement.

         "RECEIVABLE" means all indebtedness and other obligations owed to an
Original Seller (at the times it arises, and before giving effect to any
transfer or conveyance under the Agreement) or Interface (after giving effect to
the transfers under the Agreement) or in which an Original Seller or Interface
has a security interest or other interest, including, without limitation, any
indebtedness, obligation or interest constituting an account, chattel paper,
instrument or general intangible, arising in connection with the sale of goods
or the rendering of services by such Original Seller, and further includes,
without limitation, the obligation to pay any Finance Charges with respect
thereto. Indebtedness and other rights and obligations arising from any one
transaction, including, without limitation, indebtedness and other rights and
obligations represented by an individual invoice, shall constitute a Receivable
separate from a Receivable consisting of the indebtedness and other rights and
obligations arising from any other transaction; provided, further, that any
indebtedness, rights or obligations referred to in the immediately preceding
sentence shall be a Receivable regardless of whether the account debtor or such
Original Seller treats such indebtedness, rights or obligations as a separate
payment obligation.

         "RELATED SECURITY" means, with respect to any Receivable:

         (i)      all of the interest of the Original Seller of such Receivable
in the inventory and goods (including returned or repossessed inventory or
goods), if any, the sale or financing of which by such Original Seller gave rise
to such Receivable, and all insurance con tracts with respect thereto,

         (ii)     all other security interests or liens and property subject
thereto from time to time, if any, purporting to secure payment of such
Receivable, whether pursuant to the Contract related to such Receivable or
otherwise, together with all financing statements and security agreements
describing any collateral securing such Receivable,

         (iii)    all guaranties, letters of credit, insurance and other
agreements or arrangements of whatever character from time to time supporting or
securing payment of such Receivable whether pursuant to the Contract related to
such Receivable or otherwise,

         (iv)     all service contracts and other contracts and agreements
associated with such Receivable,

         (v)      all Records related to such Receivable,

         (vi)     all of such Original Seller's right, title and interest in
each LockBox and each LockBox Account, and

                                       30
<PAGE>

         (viii)   all proceeds of any of the foregoing.

         "SETTLEMENT DATE" means, with respect to each Calculation Period, the
date that is the tenth (10th) calendar day of the month following such
Calculation Period.

         "TERMINATION DATE" means the earliest to occur of (i) the Commitment
Termination Date (under and as defined in the Loan Agreement), (ii) the Business
Day immediately prior to the occurrence of a Termination Event set forth in
Section 5.1(d)(ii), (iii) or (iv), (iii) the Business Day specified in a written
notice from Interface to the Original Sellers following the occurrence of any
other Termination Event, and (iv) the date that is 30 days after Interface's
receipt of written notice from any Original Seller that it wishes to terminate
the facility evidenced by this Agreement.

         "TERMINATION EVENT" has the meaning set forth in Section 5.1 of the
Agreement.

         "TRANSACTION DOCUMENTS" means,  collectively,  this Agreement, each
LockBox  Account  Agreement  and  all  other  instruments,  documents  and
agreements executed and delivered in connection herewith.

         All accounting terms not specifically defined herein shall be construed
in accordance with GAAP. All terms used in Article 9 of the UCC in the State of
New York, and not specifically defined herein, are used herein as defined in
such Article 9.

                                       31<PAGE>

                                                                   EXHIBIT 10.25

                           RECEIVABLES SALE AGREEMENT

                         DATED AS OF FEBRUARY 12, 2003

                                     AMONG

                                INTERFACE, INC.,
                                   AS SELLER,

                                      AND

                     INTERFACE SECURITIZATION CORPORATION,
                                    AS BUYER

<PAGE>
                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                                 PAGE

<S>                                                                                                              <C>
ARTICLE I. AMOUNTS AND TERMS OF THE PURCHASE......................................................................2
   Section 1.1      Purchase of Receivables.......................................................................2
   Section 1.2      Payment for the Purchase......................................................................3
   Section 1.3      Purchase Price Credit Adjustments.............................................................4
   Section 1.4      Payments and Computations, Etc................................................................5
   Section 1.5      Transfer of Records...........................................................................5
   Section 1.6      Characterization..............................................................................5
ARTICLE II. REPRESENTATIONS AND WARRANTIES........................................................................6
   Section 2.1      Representations and Warranties of Interface...................................................6
ARTICLE III. CONDITIONS OF PURCHASE...............................................................................9
   Section 3.1      Conditions Precedent to Purchase..............................................................9
   Section 3.2      Conditions Precedent to Subsequent Payments...................................................9
ARTICLE IV. COVENANTS............................................................................................10
   Section 4.1      Affirmative Covenants of Interface...........................................................10
   Section 4.2      Negative Covenants of Interface..............................................................15
ARTICLE V. TERMINATION EVENTS....................................................................................17
   Section 5.1      Termination Events...........................................................................17
   Section 5.2      Remedies.....................................................................................19
ARTICLE VI. INDEMNIFICATION......................................................................................19
   Section 6.1      Indemnities by Interface.....................................................................19
   Section 6.2      Other Costs and Expenses.....................................................................21
ARTICLE VII. MISCELLANEOUS.......................................................................................22
   Section 7.1      Waivers and Amendments.......................................................................22
   Section 7.2      Notices......................................................................................22
   Section 7.3      Protection of Ownership Interests of SPV.....................................................22
   Section 7.4      Confidentiality..............................................................................23
   Section 7.5      Bankruptcy Petition..........................................................................24
   Section 7.6      Limitation of Liability......................................................................24
   Section 7.7      CHOICE OF LAW................................................................................24
   Section 7.8      CONSENT TO JURISDICTION......................................................................24
   Section 7.9      WAIVER OF JURY TRIAL.........................................................................25
   Section 7.10     Integration; Binding Effect; Survival of Terms...............................................25
   Section 7.11     Counterparts; Severability; Section References...............................................25
   Section 7.12     Subordination................................................................................26
</TABLE>

<PAGE>
                             Exhibits and Schedules

Exhibit I     -   Definitions

Exhibit II    -   Principal Place of Business; Location(s) of Records;
                  Federal Employer Identification Number and Organizational
                  Identification Number

Exhibit III   -   LockBoxes; LockBox Accounts; Collection Banks

Exhibit IV    -   Form of Compliance Certificate

Exhibit V     -   Credit and Collection Policies

Exhibit VI    -   [Intentionally Omitted.]

Exhibit VII   -   Form of Subordinated Note

Schedule A        List of Documents to Be Delivered to SPV Prior to the
                  Purchase

<PAGE>
                           RECEIVABLES SALE AGREEMENT

                  THIS RECEIVABLES SALE AGREEMENT, dated as of February 12,
2003, is by and between Interface, Inc., a Georgia corporation ("INTERFACE")
and Interface Securitization Corporation, a Delaware corporation ("SPV").
Unless defined elsewhere herein, capitalized terms used in this Agreement shall
have the meanings assigned to such terms in Exhibit I hereto (or, if not
defined in Exhibit I hereto, the meaning assigned to such term in the Transfer
Agreement or the Loan Agreement, as applicable).

                             PRELIMINARY STATEMENTS

                  Interface wishes to sell or contribute to SPV and SPV wishes
         to purchase or otherwise acquire from Interface, all of Interface's
         right, title and interest in and to the Receivables, Related Security
         and Collections purchased by Interface pursuant to the terms of the
         Receivables Transfer Agreement of even date herewith by and among
         Interface Fabrics Group Marketing, Inc., a Nevada corporation
         ("INTERFACE MARKETING"), Interface Teknit, Inc., a Michigan
         corporation ("INTERFACE TEKNIT"), Interface TekSolutions, LLC, a
         Michigan limited liability company ("INTERFACE TEKSOLUTIONS"), Pandel,
         Inc., a Georgia corporation ("PANDEL"), Interface Americas, Inc., a
         Georgia corporation ("INTERFACE AMERICAS," each of Interface
         Marketing, Interface Teknit, Interface TekSolutions, Pandel and
         Interface Americas, an "ORIGINAL SELLER" and, collectively, the
         "ORIGINAL SELLERS"), and Interface (as amended, restated or otherwise
         modified from time to time, the "TRANSFER AGREEMENT") in accordance
         with the terms hereof.

                  Each of Interface and SPV intends the transactions
         contemplated hereby to be true sales of the Receivables from Interface
         to SPV, providing SPV with the full benefits of ownership of the
         Receivables, and neither Interface nor SPV intends these transactions
         to be, or for any purpose to be characterized as, loans from SPV to
         Interface.

                  Following the sale and contribution of Receivables by
         Interface, SPV will grant a security interest in the Receivables,
         Related Security and Collections pursuant to that certain Loan
         Agreement dated as of the date hereof (as the same may from time to
         time hereafter be amended, supplemented, restated or otherwise
         modified, the "LOAN AGREEMENT") among SPV, Interface, as Servicer,
         Three Pillars Funding Corporation ("LENDER"), and SunTrust Capital
         Markets, Inc. or any successor administrator appointed pursuant to the
         terms of the Loan Agreement, as agent and administrator for Lender (in
         such capacity, the "ADMINISTRATOR").

                  NOW, THEREFORE, in consideration of the foregoing premises
and the mutual agreements herein contained and other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree as follows:

<PAGE>
                                  ARTICLE I.
                       AMOUNTS AND TERMS OF THE PURCHASE

                  Section 1.1       Purchase of Receivables.

                  (a)      Effective on the date hereof, in consideration for
the Purchase Price and upon the terms and subject to the conditions set forth
herein, Interface does hereby sell, assign, transfer, set-over and otherwise
convey to SPV, without recourse (except to the extent expressly provided
herein), and SPV does hereby purchase from Interface, all of Interface's right,
title and interest in and to all Receivables arising on or after the date
hereof through and including the Termination Date, together, in each case, with
all Related Security relating thereto and all Collections thereof. In
accordance with the preceding sentence, on the date hereof SPV shall acquire
all of Interface's right, title and interest in and to all Receivables existing
as of the close of business on the Business Day immediately prior to the date
hereof and thereafter arising through and including the Termination Date,
together with all Related Security relating thereto and all Collections
thereof. SPV shall be obligated to pay the Purchase Price for the Receivables
purchased hereunder in accordance with Section 1.2. In connection with
consummation of the Purchase Price for any Receivables purchased hereunder, SPV
may request that Interface deliver, and Interface shall deliver, such
approvals, opinions, information, reports or documents as SPV may reasonably
request.

                  (b)      It is the intention of the parties hereto that the
Purchase of Receivables made hereunder shall constitute a sale, which sale is
absolute and irrevocable and provides SPV with the full benefits of ownership
of the Receivables. Except for the Purchase Price Credits owed pursuant to
Section 1.3, the sale of Receivables hereunder is made without recourse to
Interface; provided, however, that (i) Interface shall be liable to SPV for all
representations, warranties, covenants and indemnities made by Interface
pursuant to the terms of the Transaction Documents to which Interface is a
party, and (ii) such sale does not constitute and is not intended to result in
an assumption by SPV or any assignee thereof of any obligation of Interface or
any other Person arising in connection with the Receivables, the related
Contracts and/or other Related Security or any other obligations of Interface.
In view of the intention of the parties hereto that the Purchase of Receivables
made hereunder shall constitute a sale of such Receivables rather than loans
secured thereby, Interface agrees that it will, on or prior to the date hereof
and in accordance with Section 4.1(e)(ii), mark its master data processing
records relating to the Receivables with a legend acceptable to SPV and to the
Administrator (as SPV's secured party), evidencing that SPV has purchased such
Receivables as provided in this Agreement and to note in its financial
statements that its Receivables have been sold to SPV. Upon the request of SPV
or the Administrator (as SPV's secured party), Interface will duly authorize
the filing of such financing or continuation statements, or amendments thereto
or assignments thereof, and such other instruments or notices, as may be
necessary or appropriate to perfect and maintain the perfection of SPV's
ownership interest in the Receivables and the Related Security and Collections
with respect thereto, or as SPV or the Administrator (as SPV's secured party)
may reasonably request.

                                       2
<PAGE>
                  Section 1.2       Payment for the Purchase.

                  (a)      The Purchase Price for the Purchase of Receivables
in existence on the close of business on the date hereof (the "INITIAL CUTOFF
DATE") shall be payable in full by SPV to Interface on the date hereof, and
shall be paid to Interface in the following manner:

                           (i)      by delivery of immediately available funds,
         to the extent of funds made available to SPV under the Loan Agreement
         (after giving effect to the payment of any amounts required to
         terminate the Original Receivables Purchase Agreement and the Original
         Receivables Sale Agreement); and

                           (ii)     the balance, by delivery of the proceeds of
         a subordinated revolving loan from Interface to SPV (a "SUBORDINATED
         LOAN") in an amount not to exceed the least of (A) the remaining
         unpaid portion of such Purchase Price, (B) the maximum Subordinated
         Loan that could be borrowed without rendering SPV's Net Worth less
         than the Required Capital Amount and (C) the maximum Subordinated Loan
         that could be borrowed without rendering the Net Value less than the
         aggregate outstanding principal balance of the Subordinated Loans
         (including the Subordinated Loan proposed to be made on such date).
         Interface is hereby authorized by SPV to endorse on the schedule
         attached to the Subordinated Note an appropriate notation evidencing
         the date and amount of each advance thereunder, as well as the date of
         each payment with respect thereto, provided that the failure to make
         such notation shall not affect any obligation of SPV thereunder.

The Purchase Price for each Receivable coming into existence after the Initial
Cutoff Date shall be due and owing in full by SPV to Interface or its designee
on the date each such Receivable came into existence (except that SPV may, with
respect to any such Purchase Price, offset against such Purchase Price any
amounts owed by Interface to SPV hereunder and that have become due but remain
unpaid) and shall be paid to Interface in the manner provided in the following
paragraphs (b), (c) and (d).

                  (b)      With respect to any Receivables coming into
existence after the Initial Cutoff Date, on each Settlement Date, SPV shall pay
the Purchase Price therefor in accordance with Section 1.2(d) and in the
following manner:

                  first, by delivery of immediately available funds, to the
         extent of funds available to SPV from its subsequent sale of an
         interest in the Receivables to the Administrator for the benefit of
         the Purchasers under the Loan Agreement or other cash on hand;

                  second, by delivery of the proceeds of a Subordinated Loan,
         provided that the making of any such Subordinated Loan shall be
         subject to the provisions set forth in Section 1.2(a)(ii); and

                  third, unless Interface has declared the Termination Date to
         have occurred pursuant to Section 5.2, by accepting a contribution to
         SPV's capital in an amount equal to the remaining unpaid balance of
         such Purchase Price.

                                       3
<PAGE>
Subject to the limitations set forth in Section 1.2(a)(ii), Interface
irrevocably agrees to advance each Subordinated Loan requested by SPV on or
prior to the Termination Date. The Subordinated Loans shall be evidenced by,
and shall be payable in accordance with the terms and provisions of the
Subordinated Note and shall be payable solely from funds that SPV is not
required under the Loan Agreement to set aside for the benefit of, or otherwise
pay over to, the Purchasers.

                  (c)      From and after the Termination Date, Interface shall
not sell Receivables to SPV.

                  (d)      Although the Purchase Price for each Receivable
coming into existence after the Initial Cutoff Date shall be due and payable in
full by SPV to Interface on the date such Receivable came into existence,
settlement of the Purchase Price between SPV and Interface shall be effected on
each Settlement Date with respect to all Receivables coming into existence (i)
if settlement is effected on a monthly basis, during the same Calculation
Period and based on information contained in the Monthly Report delivered by
the Servicer pursuant to the Loan Agreement for the Calculation Period most
recently ended, or (ii) if settlement is effected on a weekly basis, during the
calendar week reported in the Borrowing Base Certificate most recently
delivered by the Servicer pursuant to the Loan Agreement and based on the
information contained in such Borrowing Base Certificate. Although settlement
shall be effected in the foregoing manner, increases or decreases in the amount
owing under the Subordinated Note made pursuant to Section 1.2(b) and any
contribution of capital by Interface to SPV made pursuant to Section 1.2(b)
shall be deemed to have occurred and shall be effective as of the last Business
Day of the Calculation Period to which such settlement relates.

                  Section 1.3       Purchase Price Credit Adjustments. If on
any day:

                  (a)      the Outstanding Balance of a Receivable is:

                           (i)      reduced as a result of any defective or
         rejected or returned goods or services, any discount or any adjustment
         or otherwise by Interface or the Original Seller of such Receivable
         (other than cash Collections on account of the Receivables),

                           (ii)     reduced or canceled as a result of a setoff
         in respect of any claim by any Person (whether such claim arises out
         of the same or a related transaction or an unrelated transaction), or

                  (b)      any of the representations and warranties set forth
in Article II are not true when made or deemed made with respect to any
Receivable, or

                  (c)      any Contract with respect to any Receivable shall
fail to create a legal, valid and binding obligation of the related Obligor to
pay the Outstanding Balance of the Receivable created thereunder and any
accrued interest thereon,

then, in such event, SPV shall be entitled to a credit (each, a "PURCHASE PRICE
CREDIT") against the Purchase Price otherwise payable hereunder to Interface
equal to the Outstanding Balance of such Receivable (calculated before giving
effect to the applicable reduction or cancellation). If such Purchase Price
Credit exceeds the Original Balance of the Receivables coming into

                                       4
<PAGE>
existence on any day, then Interface shall pay the remaining amount of such
Purchase Price Credit in cash immediately, provided that if the Termination
Date has not occurred, Interface shall be allowed to deduct the remaining
amount of such Purchase Price Credit from any indebtedness owed to it under the
Subordinated Note.

                  Section 1.4       Payments and Computations, Etc. All amounts
to be paid or deposited by SPV hereunder shall be paid or deposited in
accordance with the terms hereof on the day when due in immediately available
funds to the account of Interface designated from time to time by Interface or
as otherwise directed by Interface. In the event that any payment owed by any
Person hereunder becomes due on a day that is not a Business Day, then such
payment shall be made on the next succeeding Business Day. If any Person fails
to pay any amount hereunder when due, such Person agrees to pay, on demand, the
Default Fee in respect thereof until paid in full; provided, however, that such
Default Fee shall not at any time exceed the maximum rate permitted by
applicable law. All computations of interest payable hereunder shall be made on
the basis of a year of 360 days for the actual number of days (including the
first but excluding the last day) elapsed.

                  Section 1.5       Transfer of Records.

                  (a)      In connection with the Purchase of Receivables
hereunder, Interface hereby sells, transfers, assigns and otherwise conveys to
SPV all of Interface's right and title to and interest in the Records relating
to all Receivables sold hereunder, without the need for any further
documentation in connection with the Purchase. In connection with such
transfer, Interface hereby grants to each of SPV, the Administrator and the
Servicer an irrevocable, non-exclusive license to use, without royalty or
payment of any kind, all software used by Interface to account for the
Receivables, to the extent necessary to administer the Receivables, whether
such software is owned by Interface or is owned by others and used by Interface
under license agreements with respect thereto, provided that should the consent
of any licensor of such software be required for the grant of the license
described herein, to be effective, Interface hereby agrees that upon the
request of SPV (or SPV's secured party), Interface will use its reasonable
efforts to obtain the consent of such third-party licensor. The license granted
hereby shall be irrevocable until the indefeasible payment in full of the
Aggregate Unpaid Balance, and shall terminate on the date this Agreement
terminates in accordance with its terms.

                  (b)      Interface (i) shall take such action requested by
SPV and/or the Administrator (as SPV's secured party), from time to time
hereafter, that may be necessary or appropriate to ensure that SPV and its
assigns under the Loan Agreement have an enforceable ownership interest in the
Records relating to the Receivables purchased hereunder, and (ii) shall use its
reasonable efforts to ensure that SPV, the Administrator and the Servicer each
has an enforceable right (whether by license or sublicense or otherwise) to use
all of the computer software used to account for the Receivables and/or to
recreate such Records.

                  Section 1.6       Characterization. If, notwithstanding the
intention of the parties expressed in Section 1.1(b), any sale or contribution
by Interface to SPV of Receivables hereunder shall not be characterized as a
sale or such sale shall for any reason be ineffective or unenforceable, then
this Agreement shall be deemed to, and hereby does, constitute a security
agreement under the UCC and other applicable law. For this purpose and without
being in

                                       5
<PAGE>
derogation of the parties' intention that the sale of Receivables hereunder
shall constitute a true sale thereof, Interface hereby grants to SPV a valid
and enforceable security interest in all of Interface's right, title and
interest in, to and under all Receivables now existing and hereafter arising,
all Collections and Related Security with respect thereto, each LockBox and
LockBox Account, the Transfer Agreement, all other rights and payments relating
to the Receivables and all proceeds of the foregoing to secure the prompt and
complete payment of a loan deemed to have been made in an amount equal to the
aggregate outstanding Purchase Price of the Receivables together with all other
obligations of Interface hereunder, which security interest shall be prior to
all other Adverse Claims thereto. SPV and its assigns shall have, in addition
to the rights and remedies that they may have under this Agreement, all other
rights and remedies provided to a secured creditor under the UCC and other
applicable law, which rights and remedies shall be cumulative.

                                  ARTICLE II.
                         REPRESENTATIONS AND WARRANTIES

                  Section 2.1       Representations and Warranties of
Interface. Interface hereby represents and warrants to SPV on the date hereof,
on the date of the Purchase and on each date that any Receivable is purchased
by SPV hereunder that:

                  (a)      Corporate Existence and Power. Interface is a
corporation duly organized, validly existing and in good standing under the
laws of its state of incorporation, and is duly qualified to do business and is
in good standing as a foreign corporation, and has and holds all corporate
power and all governmental licenses, authorizations, consents and approvals
required to carry on its business in each jurisdiction in which its business is
conducted, except where the failure to do so could not reasonably be expected
to have a Material Adverse Effect.

                  (b)      Power and Authority; Due Authorization, Execution
and Delivery. The execution and delivery by Interface of this Agreement and
each other Transaction Document to which it is a party, and the performance of
its obligations hereunder and thereunder and, Interface's use of the proceeds
of any Purchase Price Payment made hereunder, are within its corporate powers
and authority, and have been duly authorized by all necessary corporate action
on its part. This Agreement and each other Transaction Document to which
Interface is a party has been duly executed and delivered by Interface.

                  (c)      No Conflict. The execution and delivery by Interface
of this Agreement and each other Transaction Document to which it is a party,
and the performance of its obligations hereunder and thereunder do not
contravene or violate (i) its Organizational Documents, (ii) any law, rule or
regulation applicable to it, (iii) any restrictions under any agreement,
contract or instrument to which it is a party or by which it or any of its
property is bound, or (iv) any order, writ, judgment, award, injunction or
decree binding on or affecting it or its property, and do not result in the
creation or imposition of any Adverse Claim on assets of Interface or its
Subsidiaries (except as created hereunder), except, in any case, where such
contravention or violation could not reasonably be expected to have a Material
Adverse Effect. No transaction contemplated hereby requires compliance with any
bulk sales act or similar law.

                                       6
<PAGE>
                  (d)      Governmental Authorization. Other than the filing of
the financing statements required hereunder, no authorization or approval or
other action by, and no notice to or filing with, any governmental authority or
regulatory body is required for the due execution and delivery by Interface of
this Agreement and each other Transaction Document to which it is a party and
the performance of its obligations hereunder and thereunder.

                  (e)      Actions, Suits. There are no actions, suits or
proceedings pending, or to the best of Interface's knowledge, threatened,
against or affecting Interface, or any of its properties, in or before any
court, arbitrator or other body, that could reasonably be expected to have a
Material Adverse Effect. Interface is not in default with respect to any order
of any court, arbitrator or governmental body that could reasonably be expected
to have a Material Adverse Effect.

                  (f)      Binding Effect. This Agreement and each
other Transaction Document to which Interface is a party constitute the legal,
valid and binding obligations of Interface enforceable against Interface in
accordance with their respective terms, except as such enforcement may be
limited by applicable bankruptcy, insolvency, reorganization or other similar
laws relating to or limiting creditors' rights generally and by general
principles of equity (regardless of whether enforcement is sought in a
proceeding in equity or at law).

                  (g)      Accuracy of Information. All information heretofore
furnished by Interface or any of its Affiliates to SPV (or its assigns) for
purposes of or in connection with this Agreement, any of the other Transaction
Documents or any transaction contemplated hereby or thereby is true and
accurate in every material respect on the date such information is stated or
certified and does not contain any material misstatement of fact or omit to
state a material fact or any fact necessary to make the statements contained
therein not misleading as of the date such information is stated or certified.

                  (h)      Use of Proceeds. No proceeds of any Purchase Price
payment to Interface hereunder will be used (i) for a purpose that violates, or
would be inconsistent with, any law, rule or regulation applicable to Interface
or (ii) to acquire any security in any transaction that is subject to Section
12, 13 or 14 of the Securities Exchange Act of 1934, as amended.

                  (i)      Good Title. Immediately prior to each Purchase
hereunder, Interface is the legal and beneficial owner of the Receivables and
the Related Security with respect thereto, free and clear of any Adverse Claim,
except as created by the Transaction Documents. There have been duly filed all
financing statements or other similar instruments or documents necessary under
the UCC (or any comparable law) of all appropriate jurisdictions to perfect
Interface's ownership interest in each Receivable, its Collections and the
Related Security.

                  (j)      Perfection. This Agreement, together with the
filing of the financing statements contemplated hereby, is effective to, and
shall, upon each Purchase hereunder, transfer to SPV (and SPV shall acquire
from Interface) (i) legal and equitable title to, with the right to sell and
encumber each Receivable existing or hereafter arising, together with the
Collections with respect thereto, and (ii) all of Interface's right, title and
interest in the Related Security associated with each Receivable, in each case,
free and clear of any Adverse Claim (other than Permitted Adverse Claims).
There have been duly filed all financing statements or

                                       7
<PAGE>
other similar instruments or documents necessary under the UCC (or any
comparable law) of all appropriate jurisdictions to perfect SPV's ownership
interest in the Receivables, the Related Security and the Collections (except
for the Excluded Deposit Accounts).

                  (l)      Places of Business and Locations of Records. The
principal places of business and chief executive office of Interface and the
offices where it keeps all of its Records are located at the address(es) listed
on Exhibit II or such other locations of which SPV has been notified in
accordance with Section 4.2(a) in jurisdictions where all action required by
Section 4.2(a) has been taken and completed. Interface's Federal Employer
Identification Number and Organizational Identification Number is correctly set
forth on Exhibit II.

                  (m)      Collections. The conditions and requirements set
forth in Section 4.1(j) have at all times been satisfied and duly performed.
The names and addresses of all Collection Banks, together with the account
numbers of the Lockbox Accounts of Interface at each Collection Bank and the
post office box number of each LockBox, are listed on Exhibit III. Interface
has not granted any Person, other than SPV (and its assigns) dominion and
control of any LockBox or LockBox Account, or the right to take dominion and
control of any such LockBox or LockBox Account at a future time or upon the
occurrence of a future event.

                  (n)      Material Adverse Effect. Since December 31, 2001, no
event has occurred that would have a Material Adverse Effect.

                  (o)      Names. In the past five (5) years, Interface has not
used any corporate names, trade names or assumed names other than the name in
which it has executed this Agreement, except as permitted under Section 4.2(a).

                  (p)      Ownership of SPV. Interface owns, directly or
indirectly, 100% of the issued and outstanding capital stock of SPV, free and
clear of any Adverse Claim (other than a Permitted Adverse Claim). Such capital
stock is validly issued, fully paid and nonassessable, and there are no
options, warrants or other rights to acquire securities of SPV.

                  (q)      Not a Holding Company or an Investment Company.
Interface is not a "holding company" or a "subsidiary holding company" of a
"holding company" within the meaning of the Public Utility Holding Company Act
of 1935, as amended, or any successor statute. Interface is not an "investment
company" within the meaning of the Investment Company Act of 1940, as amended,
or any successor statute.

                  (r)      Compliance with Law. Interface has complied in all
respects with all applicable laws, rules, regulations, orders, writs,
judgments, injunctions, decrees or awards to which it may be subject, except
where the failure to so comply could not reasonably be expected to have a
Material Adverse Effect. Each Receivable, together with the Contract related
thereto, does not contravene any laws, rules or regulations applicable thereto
(including, without limitation, laws, rules and regulations relating to truth
in lending, fair credit billing, fair credit reporting, equal credit
opportunity, fair debt collection practices, except where such contravention or
violation could not reasonably be expected to have a Material Adverse Effect.

                  (s)      Compliance with Credit and Collection Policy.
Interface has complied in all material respects with the Credit and Collection
Policy with regard to each Receivable and the

                                       8
<PAGE>
related Contract, and has not made any change to such Credit and Collection
Policy, except such material change as to which SPV (or its assigns) has been
notified in accordance with Section 4.1(a)(vii).

                  (t)      Payments to Interface. The Purchase Price received
by Interface for each Receivable purchased hereunder constitutes reasonably
equivalent value in consideration therefor and such transfer was not made for
or on account of an antecedent debt. No transfer by Interface of any Receivable
hereunder is or may be voidable under any section of the Bankruptcy Reform Act
of 1978 (11 U.S.C.ss.ss.101 et seq.), as amended.

                  (u)      Enforceability of Contracts. Each Contract with
respect to each Receivable is effective to create, and has created, a legal,
valid and binding obligation of the related Obligor to pay the Outstanding
Balance of the Receivable created thereunder and any accrued interest thereon,
enforceable against the Obligor in accordance with its terms, except as such
enforcement may be limited by applicable bankruptcy, insolvency, reorganization
or other similar laws relating to or limiting creditors' rights generally and
by general principles of equity (regardless of whether enforcement is sought in
a proceeding in equity or at law).

                  (v)      Eligible Receivables. Each Receivable included at
any time in the Net Receivables Balance as an Eligible Receivable was, on the
later to occur of the date of the Purchase and the date it came into existence,
an Eligible Receivable on such date.

                  (w)      Accounting. The manner in which Interface accounts
for the transactions contemplated by this Agreement does not jeopardize the
characterization of the transactions contemplated herein as being true sales.

                                 ARTICLE III.
                             CONDITIONS OF PURCHASE

                  Section 3.1       Conditions Precedent to Purchase. The
Purchase under this Agreement is subject to the conditions precedent that (a)
SPV shall have received on or before the date of such purchase those documents
listed on Schedule A and (b) all of the conditions to the initial advance under
the Loan Agreement shall have been satisfied or waived in accordance with the
terms thereof.

                  Section 3.2       Conditions Precedent to Subsequent
Payments. SPV's obligation to pay for Receivables coming into existence after
the Initial Cutoff Date shall be subject to the further conditions precedent
that (a) the Commitment Termination Date shall not have occurred; (b) SPV (or
its assigns) shall have received such other approvals, opinions or documents as
it may reasonably request and (c) on the date such Receivable came into
existence, the following statements shall be true (and acceptance of the
proceeds of any payment for such Receivable shall be deemed a representation
and warranty by Interface that such statements are then true):

                           (i)      the representations and warranties set
         forth in Article II are true and correct on and as of the date such
         Receivable came into existence as though made on and as of such date;
         and

                                       9
<PAGE>
                           (ii)     no event has occurred and is continuing
         that will constitute a Termination Event or a Potential Termination
         Event.

Notwithstanding the foregoing conditions precedent, upon payment of the
Purchase Price for any Receivable (whether by payment of cash, through an
increase in the amounts outstanding under the Subordinated Note, by offset of
amounts owed to SPV and/or by offset of capital contributions), title to such
Receivable and the Related Security and Collections with respect thereto shall
vest in SPV, whether or not the conditions precedent to SPV's obligation to pay
for such Receivable were in fact satisfied. The failure of Interface to satisfy
any of the foregoing conditions precedent, however, shall give rise to a right
of SPV to rescind the related purchase and to direct Interface to pay to SPV an
amount equal to the Purchase Price payment that shall have been made with
respect to any Receivables related thereto.

                                  ARTICLE IV.
                                   COVENANTS

                  Section 4.1       Affirmative Covenants of Interface. Until
the date on which this Agreement terminates in accordance with its terms,
Interface hereby covenants as set forth below:

                  (a)      Reporting. Interface will maintain, for itself and
each of its Subsidiaries, a system of accounting established and administered
in accordance with GAAP, and furnish to SPV (or its assigns):

                           (i)      Annual Reporting. As soon as available and
         in any event within 95 days after the end of each fiscal year of
         Interface, balance sheets of Interface and its consolidated
         Subsidiaries as at the end of such year, presented on a consolidated
         basis, and the related statements of income, shareholders' equity, and
         cash flows of Interface and its consolidated Subsidiaries for such
         fiscal year, presented on a consolidated basis, setting forth in each
         case in comparative form the figures for the previous fiscal year, all
         in reasonable detail and accompanied by a report thereon of BDO
         Seidman, LLP or other independent public accountants of comparable
         recognized national standing, which such report shall be unqualified
         as to going concern and scope of audit and shall state that such
         financial statements present fairly in all material respects the
         financial condition as at the end of such fiscal year on a
         consolidated basis, and the results of operations and statements of
         cash flows of Interface and its consolidated Subsidiaries for such
         fiscal year in accordance with GAAP and that the examination by such
         accountants in connection with such consolidated financial statements
         has been made in accordance with generally accepted auditing standards
         (it being agreed that the requirements of this subsection may be
         satisfied by the delivery of the applicable annual report on Form 10-K
         of Interface to the Securities and Exchange Commission to the extent
         that (i) it contains the foregoing information and (ii) it is
         delivered within the applicable time period noted herein and is
         available to the Lenders on EDGAR).

                           (ii)     Quarterly Reporting. As soon as available
         and in any event within 50 days after the end of each fiscal quarter,
         of Interface (other than the fourth fiscal quarter), balance sheets of
         Interface and its consolidated Subsidiaries as at the end of

                                      10
<PAGE>
         such quarter presented on a consolidated basis and the related
         statements of income, shareholders' equity, and cash flows of
         Interface and its consolidated Subsidiaries for such fiscal quarter
         and for the portion of Interface's fiscal year ended at the end of
         such quarter, presented on a consolidated basis setting forth in each
         case in comparative form the figures for the corresponding quarter and
         the corresponding portion of Interface's previous fiscal year, all in
         reasonable detail and certified by the chief financial officer or
         principal accounting officer of Interface that such financial
         statements fairly present in all material respects the financial
         condition of Interface and its consolidated Subsidiaries as at the end
         of such fiscal quarter on a consolidated basis, and the results of
         operations and statements of cash flows of Interface and its
         consolidated Subsidiaries for such fiscal quarter and such portion of
         Interface's fiscal year, in accordance with GAAP consistently applied
         (subject to normal year-end audit adjustments and the absence of
         certain footnotes) (it being agreed that the requirements of this
         subsection may be satisfied by the delivery of the applicable
         quarterly report on Form 10-Q of Interface to the Securities and
         Exchange Commission to the extent that (i) it contains the foregoing
         information and (ii) it is delivered within the applicable time period
         noted herein and is available to the Lenders on EDGAR).

                           (iii)    Compliance Certificate. Together with the
         financial statements required hereunder, a compliance certificate in
         substantially the form of Exhibit IV signed by Interface's president,
         treasurer, assistant treasurer, chief executive officer or any vice
         president and dated the date of such annual financial statement or
         such quarterly financial statement, as the case may be.

                           (iv)     Shareholders Statements and Reports.
         Promptly upon the furnishing thereof to the shareholders of Interface,
         copies of all financial statements, reports and proxy statements so
         furnished.

                           (v)      S.E.C. Filings. Promptly upon the filing
         thereof, copies of all registration statements and annual, quarterly,
         monthly or other regular reports that Interface or any of its
         Subsidiaries files with the Securities and Exchange Commission.

                           (vi)     Copies of Notices. Promptly upon its
         receipt of any notice, request for consent, financial statements,
         certification, report or other communication under or in connection
         with any Transaction Document from any Person other than SPV, the
         Administrator or Lender, copies of the same.

                           (vii)    Change in Credit and Collection Policy. At
         least thirty (30) days prior to the effectiveness of any material
         change in or material amendment to the Credit and Collection Policy, a
         copy of the Credit and Collection Policy then in effect and a notice
         (A) indicating such change or amendment, and (B) if such proposed
         change or amendment could adversely affect the collectibility of the
         Receivables or decrease the credit quality of any newly created
         Receivables, requesting SPV's consent thereto.

                           (viii)   Other Information. Promptly, from time to
         time, such other information, documents, records or reports relating
         to the Receivables or the condition or operations, financial or
         otherwise, of Interface as SPV (or its assigns) may from time to

                                      11
<PAGE>
         time reasonably request in order to protect the interests of SPV (and
         its assigns) under or as contemplated by this Agreement.

                  (b)      Notices. Interface will notify SPV (or its assigns)
in writing of any of the following promptly upon learning of the occurrence
thereof, describing the same and, if applicable, the steps being taken with
respect thereto:

                           (i)      Termination Events or Potential Termination
         Events. The occurrence of each Termination Event and each Potential
         Termination Event, by a statement of an Authorized Officer of
         Interface.

                           (ii)     Judgment and Proceedings. (A) The entry of
         any judgment or decree against Interface or any of its Subsidiaries if
         entry of such judgment or decree, either individually or together with
         all other judgments and decrees then outstanding against Interface and
         its Subsidiaries, could reasonably be expected to have a Material
         Adverse Effect, and (B) the institution of any litigation, arbitration
         proceeding or governmental proceeding against Interface which, if
         adversely decided against Interface, could reasonably be expected to
         have a Material Adverse Effect.

                           (iii)    Material Adverse Effect. The occurrence of
         any event or condition that has had, or could reasonably be expected
         to have, a Material Adverse Effect.

                           (iv)     Defaults Under Other Agreements. The
         occurrence of a default or an event of default under any other
         material financing arrangement pursuant to which Interface is a debtor
         or an obligor.

                           (v)      Downgrade of Interface. Any downgrade in
         the rating of any Indebtedness of Interface by Standard and Poor's
         Ratings Group or by Moody's Investors Service, Inc., setting forth the
         Indebtedness affected and the nature of such change.

                  (c)      Compliance with Laws and Preservation of Corporate
Existence. Interface will comply in all respects with all applicable laws,
rules, regulations, orders, writs, judgments, injunctions, decrees or awards to
which it may be subject, except where the failure to so comply could not
reasonably be expected to have a Material Adverse Effect. Interface will
preserve and maintain its corporate existence, rights, franchises and
privileges in the jurisdiction of its incorporation, and qualify and remain
qualified in good standing as a foreign corporation in each jurisdiction where
its business is conducted, except where the failure to so preserve and maintain
or qualify could not reasonably be expected to have a Material Adverse Effect.

                  (d)      Audits. Interface will furnish to SPV (or its
assigns) from time to time such information with respect to it and the
Receivables as SPV (or its assigns) may reasonably request. Interface will,
from time to time during regular business hours as requested by SPV (or its
assigns) (subject to the last sentence of this Section 4.1(d)), upon reasonable
notice and at the sole cost of Interface, permit SPV (or its assigns) or their
respective agents or representatives (and shall cause each Original Seller to
permit SPV (or its assigns) or their respective agents and representatives),
(i) to examine and make copies of and abstracts from all Records in the
possession or under the control of such Person relating to the Receivables and
the Related Security, including, without limitation, the related Contracts, and
(ii) to visit the offices and

                                      12
<PAGE>
properties of such person for the purpose of examining such materials described
in clause (i) above, and to discuss matters relating to such Person's financial
condition or the Receivables and the Related Security or such Person's
performance under any of the Transaction Documents or such Person's performance
under the Contracts and, in each case, with any of the officers or employees of
such Person having knowledge of such matters. All such examinations and visits
shall be at the sole cost of Interface; provided, however, that (i) for so long
as no Termination Event or Potential Termination Event shall have occurred and
be continuing and (ii) the result of the immediately preceding examination
and/or visit of such Person shall have been reasonably satisfactory to SPV (and
its assigns) (A) such examinations and/or visits shall be limited to four times
per calendar year per Person and (B) such cost shall be born by Interface not
more than twice per calendar year per Person (although in no event shall the
foregoing be construed to limit SPV (and its assigns) or their respective
agents or representatives to two such examinations and/or visits during such
calendar year period with respect to such each Person).

                  (e)      Keeping and Marking of Records and Books.

                           (i)      Interface will (and will cause each
         Original Seller to) maintain and implement administrative and
         operating procedures (including, without limitation, an ability to
         recreate records evidencing Receivables in the event of the
         destruction of the originals thereof), and keep and maintain all
         documents, books, records and other information reasonably necessary
         or advisable for the collection of all Receivables (including, without
         limitation, records adequate to permit the immediate identification of
         each new Receivable and all Collections of and adjustments to each
         existing Receivable). Interface will (and will cause each Original
         Seller to) give SPV (or its assigns) notice of any material change in
         the administrative and operating procedures referred to in the
         previous sentence.

                           (ii)     Interface will (and will cause each
         Original Seller to) (A) on or prior to the date hereof, mark its
         master data processing records and other books and records relating to
         the Receivables with a legend, acceptable to SPV (or its assigns),
         describing SPV's ownership interests in the Receivables and further
         describing the security interest of the Administrator (on behalf of
         Lender and its assigns) under the Loan Agreement and (B) upon the
         request of SPV (or its assigns) after the occurrence of a Termination
         Event, (x) mark each Contract with a legend describing SPV's ownership
         interests in the Receivables and further describing the security
         interest of the Administrator (on behalf of Lender and its assigns)
         and (y) deliver to SPV (or its assigns) all Contracts (including,
         without limitation, all multiple originals of any such Contract)
         relating to the Receivables.

                  (f)      Compliance with Contracts and Credit and Collection
Policy. Interface will (and will cause each Original Seller to) timely and
fully (i) perform and comply in all material respects with all provisions,
covenants and other promises required to be observed by it under the Contracts
related to the Receivables, and (ii) comply in all material respects with the
Credit and Collection Policy in regard to each Receivable and the related
Contract.

                  (g)      Performance and Enforcement of Transfer Agreement.
Interface will, and will require each Original Seller to, perform each of their
respective obligations and undertakings

                                      13
<PAGE>
under and pursuant to the Transfer Agreement, will purchase Receivables
thereunder in strict compliance with the terms thereof and will vigorously
enforce the rights and remedies accorded to Interface under the Transfer
Agreement. Interface will take all actions to perfect and enforce its rights
and interests (and the rights and interests of SPV as assignee of Interface and
of the Administrator as assignee of SPV) under the Transfer Agreement as SPV
(or its assigns) may from time to time reasonably request, including, without
limitation, making claims to which it may be entitled under any indemnity,
reimbursement or similar provision contained in the Transfer Agreement.

                  (h)      Ownership. Interface will (and will cause Original
Seller to) take all necessary action to (i) vest legal and equitable title to
the Receivables, the Related Security and the Collections purchased under the
Transfer Agreement irrevocably in Interface, free and clear of any Adverse
Claims (other than Permitted Adverse Claims) (including, without limitation,
the filing of all financing statements or other similar instruments or
documents necessary under the UCC (or any comparable law) of all appropriate
jurisdictions to perfect Interface's interest in such Receivables, Related
Security and Collections and such other action to perfect, protect or more
fully evidence the interest of Interface therein as SPV (or its assigns) may
reasonably request), and (ii) take all necessary action to establish and
maintain, irrevocably in SPV, (A) legal and equitable title to the Receivables
and the Collections and (B) all of Interface's right, title and interest in the
Related Security associated with the Receivables, in each case, free and clear
of any Adverse Claims (other than Permitted Adverse Claims) (including, without
limitation, the filing of all financing statements or other similar instruments
or documents necessary under the UCC (or any comparable law) of all appropriate
jurisdictions to perfect SPV's interest in such Receivables, Related Security
and Collections and such other action to perfect, protect or more fully
evidence the interest of SPV as SPV (or its assigns) may reasonably request).

                  (i)      Purchasers' Reliance. Interface acknowledges that
the Administrator and the Purchasers are entering into the transactions
contemplated by the Loan Agreement in reliance upon SPV's identity as a legal
entity that is separate from Interface and any Affiliates thereof. Therefore,
from and after the date of execution and delivery of this Agreement, Interface
will take all reasonable steps including, without limitation, all steps that
SPV or any assignee of SPV may from time to time reasonably request to maintain
SPV's identity as a separate legal entity and to make it manifest to third
parties that SPV is an entity with assets and liabilities distinct from those
of Interface and any Affiliates thereof and not just a division of Interface or
any such Affiliate. Without limiting the generality of the foregoing and in
addition to the other covenants set forth herein, Interface (i) will not hold
itself out to third parties as liable for the debts of SPV nor purport to own
the Receivables and other assets acquired by SPV, (ii) will take all other
actions necessary on its part to ensure that SPV is at all times in compliance
with the covenants set forth in Section 7.1(i) of the Loan Agreement and (iii)
will cause all tax liabilities arising in connection with the transactions
contemplated herein or otherwise to be allocated between Interface and SPV on
an arm's-length basis and in a manner consistent with the procedures set forth
in U.S. Treasury Regulations ss.ss.1.1502-33(d) and 1.1552-1.

                  (j)      Collections. Interface will cause (1) all proceeds
from all LockBoxes to be directly deposited by a Collection Bank into a Lockbox
Account and (2) each LockBox and LockBox Account (other than the Excluded
Deposit Accounts) to be subject at all times to a

                                      14
<PAGE>
LockBox Account Agreement that is in full force and effect. In the event any
payments relating to Receivables are remitted directly to Interface or any
Affiliate of Interface, Interface will remit (or will cause all such payments
to be remitted) directly to a Collection Bank and deposited into a Lockbox
Account (A) if no Termination Event and no Significant Event has then occurred
and is continuing, within two (2) Business Days following receipt thereof, and
at any time a Termination Event or an Significant Event has occurred and is
continuing, immediately upon receipt thereof. At all times prior to such
remittance, Interface will itself hold or, if applicable, will cause such
payments to be held in trust for the exclusive benefit of SPV and its assigns.
Interface will transfer exclusive ownership, dominion and control of each
LockBox and LockBox Account to SPV and, will not grant the right to take
dominion and control of any LockBox or LockBox Account at a future time or upon
the occurrence of a future event to any Person, except to SPV (or its assigns)
as contemplated by this Agreement and the Loan Agreement.

                  (k)      Taxes. Interface will file all tax returns and
reports required by law to be filed by it and promptly pay all taxes and
governmental charges at any time owing, except any such taxes which are not yet
delinquent or are being diligently contested in good faith by appropriate
proceedings and for which adequate reserves in accordance with GAAP shall have
been set aside on its books. Interface will pay when due any taxes payable in
connection with the Receivables for all periods during which such Receivables
were owned by Interface, exclusive of taxes on or measured by income or gross
receipts of SPV and its assigns.

                  (l)      Insurance. Interface will maintain in effect, or
cause to be maintained in effect, at Interface's own expense, such casualty and
liability insurance as Interface deems appropriate in its good faith business
judgment. SPV and the Administrator, for the benefit of the Purchasers, shall
be named as additional insureds with respect to all such liability insurance
maintained by Interface. Interface will pay or cause to be paid, the premiums
therefor and deliver to SPV and the Administrator evidence satisfactory to SPV
and the Administrator of such insurance coverage. Copies of each policy shall
be furnished to SPV, the Administrator and any Purchaser in certificated form
upon SPV's, the Administrator's or such Purchaser's request. The foregoing
requirements shall not be construed to negate, reduce or modify, and are in
addition to, Interface's obligations hereunder.

                  (m)      Payment to Original Seller. With respect to any
Receivable purchased by Interface from an Original Seller on or after the date
hereof, such sale shall be effected under, and in strict compliance with the
terms of, the Transfer Agreement, including without limitation, the terms
relating to the amount and timing of payments to be made to such Original
Seller with respect to the purchase price for such Receivable.

                  (n)      Accuracy of Information. All information furnished
by Interface or any of its Affiliates to SPV (or its assigns) will be true and
accurate in every material respect on the date such information is stated or
certified and will not contain any material misstatement of fact or omit to
state a material face or any fact necessary to make the statements contained
therein not misleading as of the date such information is stated or certified.

                  Section 4.2       Negative Covenants of Interface. Until the
date on which this Agreement terminates in accordance with its terms, Interface
hereby covenants that:

                                      15
<PAGE>
                  (a)      Name Change, Offices and Records. In the event that
Interface shall change its name, Interface shall notify SPV (and its assigns)
of such change immediately, and in any event within 10 days of the occurrence
of any such change. In the event that Interface shall change its identity,
corporate structure, its state of organization or any office where any material
portion of Records are kept, Interface shall notify SPV (and its assigns) of
such change as soon as reasonably practicable, and in any event within 30 days
of the occurrence of any such change.

                  (b)      Change in Payment Instructions to Obligors.
Interface will not add or terminate any bank as a Collection Bank, or make any
change in the instructions to Obligors regarding payments to be made to any
LockBox and LockBox Account, unless SPV (or its assigns) shall have received,
at least ten (10) days before the proposed effective date therefor, (i) written
notice of such addition, termination or change and (ii) with respect to the
addition of a Collection Bank, LockBox Account or LockBox, an executed Lockbox
Account Agreement, acceptable to the Administrator with respect to the new
LockBox and LockBox Account; provided, however, that Interface may make changes
in instructions to Obligors regarding payments if such new instructions require
such Obligor to make payments to another existing LockBox Account (other than
an Excluded Deposit Account).

                  (c)      Modifications to Contracts and Credit and Collection
Policy. Interface will not (and will not permit any Original Seller to) make
any material change or any material amendment to the Credit and Collection
Policy that could reasonably be expected to adversely affect the collectibility
of the Receivables or decrease the credit quality of any newly created
Receivables without the prior written consent of SPV (and its assigns). Except
as otherwise permitted in its capacity as Servicer pursuant to the Loan
Agreement, Interface will not (and will not permit any Original Seller to)
extend, amend or otherwise modify the terms of any Receivable or any Contract
related thereto other than in accordance with its Credit and Collection Policy.

                  (d)      Sales, Liens. Interface will not sell, assign (by
operation of law or otherwise) or otherwise dispose of, or grant any option
with respect to, or create or suffer to exist any Adverse Claim (other than
Permitted Adverse Claims) upon (including, without limitation, the filing of
any financing statement) or with respect to, any Receivable or any Related
Security or Collections with respect thereto, or upon or with respect to any
Contract under which any Receivable arises, or any LockBox or LockBox Account,
or assign any right to receive income with respect thereto (other than, in each
case, the creation of the interests therein in favor of SPV provided for
herein), and Interface will defend the right, title and interest of SPV in, to
and under any of the foregoing property, against all claims of third parties
claiming through or under Interface. Interface shall not create or suffer to
exist any mortgage, pledge, security interest, encumbrance, lien, charge or
other similar arrangement on any of its inventory, other than Permitted Adverse
Claims.

                  (e)      Accounting for Purchase. Interface will not, and
will not permit any Affiliate to, account for or treat (whether in financial
statements or otherwise) the transactions contemplated hereby in any manner
other than the sale of the Receivables and the Related Security by Interface to
SPV or in any other respect account for or treat the transactions contemplated
hereby in any manner other than as a sale of the Receivables and the Related
Security by Interface to SPV except to the extent that such transactions are
not recognized on

                                      16
<PAGE>
account of consolidated financial reporting in accordance with generally
accepted accounting principles.

                                  ARTICLE V.
                               TERMINATION EVENTS

                  Section 5.1       Termination Events. The occurrence of any
one or more of the following events shall constitute a Termination Event:

                  (a)      Interface shall fail (i) to make any payment or
deposit consisting of principal required hereunder when due and, in the case of
any failure to make a timely payment or deposit solely by reason of any
mechanical delay in or malfunction of the Fedwire system, such failure shall
continue for one (1) Business Day and so long as Interface pays immediately
upon demand any and all losses, costs and expenses incurred by SPV, any
Purchaser or the Administrator in connection with or as a result of such
failure to make a timely payment or deposit, (ii) to make any payment or
deposit (other than as referred to in clause (i) of this paragraph (a)) of any
other amounts when due hereunder and such failure shall continue for three (3)
consecutive Business Days, (iii) to comply with the provisions of Section
4.1(b)(i), (ii) or (iii) or 4.2 and such failure shall continue for thirty (30)
consecutive days after the earlier to occur of (x) Interface's having knowledge
thereof and (y) Interface's having received written notice thereof from SPV,
(iv) to comply with the provisions of Section 4.1 (f), (g), (h), (j) or (m) and
such failure shall continue for five (5) consecutive Business Days after the
earlier to occur of (x) Interface's having knowledge thereof and (y)
Interface's having received written notice thereof from SPV, or (v) to perform
or observe any term, covenant or agreement hereunder (other than as referred to
in clauses (i), (ii), (iii) or (iv) of this paragraph (a)) and such failure
shall continue for ten (10) consecutive Business Days after the earlier to
occur of (x) Interface's having knowledge thereof and (y) Interface's having
received written notice thereof from SPV.

                  (b)      Any representation, warranty, certification or
statement made by Interface in this Agreement, any other Transaction Document
to which it is a party or in any other document delivered pursuant hereto or
thereto shall prove to have been incorrect in any material respect when made or
deemed made.

                  (c)      Failure of Interface to pay any Indebtedness when
due in an amount in excess of $10,000,000; or the default by Interface in the
performance of any term, provision or condition contained in any agreement
under which any such Indebtedness was created or is governed, the effect of
which is to cause, or to permit the holder or holders of such Indebtedness to
cause, such Indebtedness to become due prior to its stated maturity; or any
such Indebtedness of Interface shall be declared to be due and payable or
required to be prepaid (other than by a regularly scheduled payment) prior to
the date of maturity thereof.

                  (d)      (i) Interface shall generally not pay its debts as
such debts become due or shall admit in writing its inability to pay its debts
generally or shall make a general assignment for the benefit of creditors; or
(ii) any proceeding shall be instituted by Interface seeking to adjudicate it
bankrupt or insolvent, or seeking liquidation, winding up, reorganization,
arrangement, adjustment, protection, relief or composition of it or its debts
under any law relating to bankruptcy, insolvency or reorganization or relief of
debtors, or seeking the entry of

                                      17
<PAGE>
an order for relief or the appointment of a receiver, trustee or other similar
official for it or any substantial part of its property; or (iii) any
proceeding shall be instituted against Interface seeking to adjudicate it
bankrupt or insolvent, or seeking liquidation, winding up, reorganization,
arrangement, adjustment, protection, relief or composition of it or its debts
under any law relating to bankruptcy, insolvency or reorganization or relief of
debtors, or seeking the entry of an order for relief or the appointment of a
receiver, trustee or other similar official for it or any substantial part of
its property which proceeding is not dismissed within 60 days of the
institution thereof or (iv) Interface shall take any corporate action to
authorize any of the actions set forth in this subsection (d).

                  (e)      An "Event of Default" (as defined therein) by
Interface of its obligations under Section 7.09 of Interface Revolving Credit
Agreement has occurred and is continuing and has not been waived by the
requisite lenders thereunder.

                  (f)      (i) A Change of Control shall occur or exist, or
(ii) any event or condition shall occur or exist that, pursuant to the terms of
any Change in Control Provision, requires or permits the holder(s) of Interface
Control Debt to require that such Interface Control Debt be redeemed,
repurchased, defeased, prepaid or repaid, in whole or in part, or the maturity
of such Interface Control Debt to be accelerated in any respect; provided,
however, that no Termination Event hereunder shall be deemed to exist upon the
occurrence of any event or condition described in the foregoing clauses (i) or
(ii) until thirty (30) days after the first occurrence or existence of such
event or condition.

                  (g)      One or more final judgments for the payment of money
in an amount in excess of $10,000,000, individually or in the aggregate, shall
be entered against Interface on claims not covered by insurance or as to which
the insurance carrier has denied its responsibility, and such judgment shall
continue unsatisfied and in effect for thirty (30) consecutive days without a
stay of execution.

                  (h)      The "Termination Date" under and as defined in the
Transfer Agreement shall occur under the Transfer Agreement or Interface or any
Original Seller shall fail to observe any term or condition of the Transfer
Agreement (taking into account any applicable grace period set forth therein)
or Interface shall waive its right to enforce the terms and conditions of the
Transfer Agreement or any Original Seller shall for any reason cease to
transfer, or cease to have the legal capacity to transfer, or otherwise be
incapable of transferring Receivables to Interface under the Transfer
Agreement.

                  (i)      This Agreement shall terminate in whole or in part
(except in accordance with its terms), or shall cease to be effective or to be
the legally valid, binding and enforceable obligation of Interface, or any
Obligor shall directly or indirectly contest in any manner such effectiveness,
validity, binding nature or enforceability, or SPV shall cease to have a valid
ownership interest in the Receivables, the Related Security and the Collections
with respect thereto and the LockBox Accounts, free and clear of any Adverse
Claims.

                  (j)      Interface shall fail to own, free and clear of any
Adverse Claims (other than a Permitted Adverse Claim), 100% of the voting stock
of SPV.

                                      18
<PAGE>
                  Section 5.2       Remedies. Upon the occurrence and during
the continuation of a Termination Event, SPV may take any of the following
actions: (i) declare the Termination Date to have occurred, whereupon the
Termination Date shall forthwith occur, without demand, protest or further
notice of any kind, all of which are hereby expressly waived by Interface;
provided, however, that upon the occurrence of a Termination Event described in
Section 5.1(d)(ii)(iii) or (iv), or of an actual or deemed entry of an order
for relief with respect to Interface under the Federal Bankruptcy Code, the
Termination Date shall automatically occur, without demand, protest or any
notice of any kind, all of which are hereby expressly waived by Interface and
(ii) to the fullest extent permitted by applicable law, declare that the
Default Fee shall accrue with respect to any amounts then due and owing by
Interface to SPV. The aforementioned rights and remedies shall be without
limitation and shall be in addition to all other rights and remedies of SPV and
its assigns otherwise available under any other provision of this Agreement, by
operation of law, at equity or otherwise, all of which are hereby expressly
preserved, including, without limitation, all rights and remedies provided
under the UCC, all of which rights shall be cumulative.

                                  ARTICLE VI.
                                INDEMNIFICATION

                  Section 6.1       Indemnities by Interface. Without limiting
any other rights that SPV may have hereunder or under applicable law, Interface
hereby agrees to indemnify (and pay upon demand to) SPV and its assigns,
officers, directors, agents and employees (each an "INDEMNIFIED PARTY") from
and against any and all damages, losses, claims, taxes, liabilities, costs,
expenses and for all other amounts payable, including reasonable attorneys'
fees (which attorneys may be employees of SPV or any such assign) and
disbursements (all of the foregoing being collectively referred to as
"INDEMNIFIED AMOUNTS") awarded against or incurred by any of them arising out
of or as a result of this Agreement or the acquisition, either directly or
indirectly, by SPV of an interest in the Receivables, excluding, however:

                           (a)      Indemnified Amounts to the extent a final
         judgment of a court of competent jurisdiction holds that such
         Indemnified Amounts resulted from gross negligence or willful
         misconduct on the part of the Indemnified Party seeking
         indemnification;

                           (b)      Indemnified Amounts to the extent the same
         includes losses in respect of Receivables that are uncollectible on
         account of the insolvency, bankruptcy or lack of creditworthiness of
         the related Obligor; or

                           (c)      taxes imposed by the jurisdiction in which
         such Indemnified Party's principal executive office is located, and
         any jurisdiction in which such Indemnified Party is doing business
         (except to the extent that any such tax is imposed by such
         jurisdiction based upon this Agreement or any other Transaction
         Document), on or measured by the overall net income of such
         Indemnified Party to the extent that the computation of such taxes is
         consistent with the characterization for income tax purposes of the
         Loans under the Loan Agreement as loans to SPV secured by, among other
         things, the Receivables, the Related Security and the Collections;

                                      19
<PAGE>
provided, however, that nothing contained in this sentence shall limit the
liability of Interface or limit the recourse of SPV to Interface for amounts
otherwise specifically provided to be paid by Interface under the terms of this
Agreement. Without limiting the generality of the foregoing indemnification,
Interface shall indemnify SPV for Indemnified Amounts (including, without
limitation, losses in respect of uncollectible receivables, regardless of
whether reimbursement therefor would constitute recourse to Interface) relating
to or resulting from:

                           (i)      any representation or warranty made by
         Interface (or any officer of Interface) or any Original Seller (or any
         officer of any Original Seller) under or in connection with this
         Agreement, any other Transaction Document or any other information or
         report delivered by Interface or any Original Seller pursuant hereto
         or thereto that shall have been false or incorrect when made or deemed
         made;

                           (ii)     the failure by Interface or any Original
         Seller, to comply with any applicable law, rule or regulation with
         respect to any Receivable or Contract related thereto, or the
         nonconformity of any Receivable or Contract included therein with any
         such applicable law, rule or regulation or any failure of Interface or
         any Original Seller to keep or perform any of its obligations, express
         or implied, with respect to any Contract;

                           (iii)    any failure of Interface or any Original
         Seller to perform its duties, covenants or other obligations in
         accordance with the provisions of this Agreement or any other
         Transaction Document;

                           (iv)     any products liability, personal injury or
         damage, suit or other similar claim arising out of or in connection
         with merchandise, insurance or services that are the subject of any
         Contract or any Receivable;

                           (v)      any dispute, claim, offset or defense
         (other than discharge in bankruptcy of the Obligor) of the Obligor to
         the payment of any Receivable (including, without limitation, a
         defense based on such Receivable or the related Contract not being a
         legal, valid and binding obligation of such Obligor enforceable
         against it in accordance with its terms), or any other claim resulting
         from the sale of the merchandise or service related to such Receivable
         or the furnishing or failure to furnish such merchandise or services;

                           (vi)     the commingling of Collections of
         Receivables at any time with other funds;

                           (vii)    any investigation, litigation or proceeding
         related to or arising from this Agreement or any other Transaction
         Document, the transactions contemplated hereby, the use of the
         proceeds of any Purchase Price Payment, the ownership of the
         Receivables or any other investigation, litigation or proceeding
         relating to Interface or any Original Seller in which any Indemnified
         Party becomes involved as a result of any of the transactions
         contemplated hereby;

                                      20
<PAGE>
                           (viii)   any inability to litigate any claim against
         any Obligor in respect of any Receivable as a result of such Obligor
         being immune from civil and commercial law and suit on the grounds of
         sovereignty or otherwise from any legal action, suit or proceeding;

                           (ix)     any Termination Event described in Section
         5.1(d);

                           (x)      any failure of Interface to acquire and
         maintain legal and equitable title to, and ownership of any Receivable
         and the Related Security and Collections with respect thereto from the
         Original Seller thereof, free and clear of any Adverse Claim (other
         than as created hereunder); or any failure of Interface to give
         reasonably equivalent value to the Original Seller thereof under the
         Transfer Agreement in consideration of the transfer by such Original
         Seller of any such Receivable, or any attempt by any Person to void
         such transfer under statutory provisions or common law or equitable
         action;

                           (xi)     any failure to vest and maintain vested in
         SPV, or to transfer to SPV, legal and equitable title to, and
         ownership of, the Receivables and the Collections, and all of
         Interface's right, title and interest in the Related Security
         associated with the Receivables, in each case, free and clear of any
         Adverse Claim;

                           (xii)    the failure to have filed, or any delay in
         filing, financing statements or other similar instruments or documents
         under the UCC of any applicable jurisdiction or other applicable laws
         with respect to any Receivable, the Related Security and Collections
         with respect thereto, and the proceeds of any thereof, whether at the
         time of the Purchase or at any subsequent time;

                           (xiii)   any action or omission by Interface or any
         Original Seller that reduces or impairs the rights of SPV with respect
         to any Receivable or the value of any such Receivable;

                           (xiv)    any attempt by any Person to void the
         Purchase hereunder under statutory provisions or common law or
         equitable action; and

                           (xv)     the failure of any Receivable included in
         the calculation of the Net Receivables Balance as an Eligible
         Receivable to be an Eligible Receivable at the time so included.

                  Section 6.2       Other Costs and Expenses. Interface shall
pay to SPV on demand all reasonable costs and out-of-pocket expenses actually
incurred in connection with the preparation, execution, delivery and
administration of this Agreement, the transactions contemplated hereby and the
other documents to be delivered hereunder. Interface shall pay to SPV on demand
any and all costs and expenses of SPV actually incurred, if any, including
reasonable and actual counsel fees and expenses in connection with the
enforcement of this Agreement, the Loan Agreement and the other documents
delivered hereunder and thereunder in connection with any restructuring or
workout of this Agreement or such documents, or the administration of this
Agreement following a Termination Event.

                                      21
<PAGE>
                                 ARTICLE VII.
                                 MISCELLANEOUS

                  Section 7.1       Waivers and Amendments.

                  (a)      No failure or delay on the part of SPV (or its
assigns) in exercising any power, right or remedy under this Agreement shall
operate as a waiver thereof, nor shall any single or partial exercise of any
such power, right or remedy preclude any other further exercise thereof or the
exercise of any other power, right or remedy. The rights and remedies herein
provided shall be cumulative and nonexclusive of any rights or remedies
provided by law. Any waiver of this Agreement shall be effective only in the
specific instance and for the specific purpose for which given.

                  (b)      No provision of this Agreement may be amended,
supplemented, modified or waived except in writing signed by Interface and SPV
and, to the extent required under the Loan Agreement, the Administrator and
Lender.

                  Section 7.2       Notices. All communications and notices
provided for hereunder shall be in writing (including bank wire, telecopy or
electronic facsimile trans mission or similar writing) and shall be given to
the other parties hereto at their respective addresses or telecopy numbers set
forth on the signature pages hereof or at such other address or telecopy number
as such Person may hereafter specify for the purpose of notice to each of the
other parties hereto. Each such notice or other communication shall be
effective (a) if personally delivered, when received, (b) if sent by certified
mail, three Business Days after having been deposited in the mail, postage
prepaid, (c) if sent by overnight courier, one Business Day after having been
given to such courier, and (d) if transmitted by facsimile, when sent, receipt
confirmed by telephone or electronic means.

                  Section 7.3       Protection of Ownership Interests of SPV.

                  (a)      Interface agrees that from time to time, at its
expense, it will promptly execute and deliver all instruments and documents,
and take all actions, that may be necessary or desirable, or that SPV (or its
assigns) may request, to perfect, protect or more fully evidence the interest
of SPV hereunder and the Administrator's security interest, or to enable SPV
(or its assigns) to exercise and enforce their rights and remedies hereunder.
At any time during the occurrence and continuance of a Significant Event, SPV
(or its assigns) may, at Interface's sole cost and expense, direct Interface to
notify the Obligors of Receivables of the ownership interests of SPV under this
Agreement and may also direct that payments of all amounts due or that become
due under any or all Receivables be made directly to SPV or its designee.

                  (b)      If Interface fails to perform any of its obligations
hereunder, SPV (or its assigns) may (but shall not be required to) perform, or
cause performance of, such obligations, and SPV's (or such assigns') costs and
expenses incurred in connection therewith shall be payable by Interface as
provided in Section 6.2. Interface irrevocably authorizes SPV (and its assigns)
at any time and from time to time in the sole discretion of SPV (or its
assigns), and appoints SPV (and its assigns) as its attorney(ies)-in-fact, to
act on behalf of Interface (i) to duly authorize on behalf of Interface as
debtor and to file financing statements necessary or desirable

                                      22
<PAGE>
in SPV's (or its assigns') sole discretion to perfect and to maintain the
perfection and priority of the interest of SPV in the Receivables and (ii) to
file a carbon, photographic or other reproduction of this Agreement or any
financing statement with respect to the Receivables as a financing statement in
such offices as SPV (or its assigns) in their sole discretion deem necessary or
desirable to perfect and to maintain the perfection and priority of SPV's
interests in the Receivables. This appointment is coupled with an interest and
is irrevocable.

                  Section 7.4       Confidentiality.

                  (a)      Interface shall maintain and shall cause each of its
employees and officers to maintain the confidentiality of this Agreement and
the other confidential or proprietary information with respect to the
Administrator and Lender and their respective businesses obtained by it or them
in connection with the structuring, negotiating and execution of the
transactions contemplated herein, except that Interface and its officers and
employees may disclose such information to Interface's external accountants and
attorneys and as required by any applicable law or order of any judicial or
administrative proceeding.

                  (b)      Anything herein to the contrary notwithstanding,
Interface hereby consents to the disclosure of any nonpublic information with
respect to it (i) to SPV, the Administrator or Lender by each other, (ii) by
SPV, the Administrator or Lender to any prospective or actual assignee or
participant of any of them who executes a confidentiality agreement for the
benefit of Interface and SPV on terms comparable to those required of SPV
hereunder with respect to such disclosed information and (iii) by the
Administrator to any rating agency, Commercial Paper dealer or provider of a
surety, guaranty or credit or liquidity enhancement to Lender or any entity
organized for the purpose of purchasing, or making loans secured by, financial
assets for which SunTrust Capital Markets, Inc. acts as the administrator and
to any officers, directors, employees, outside accountants and attorneys of any
of the foregoing who execute a confidentiality agreement for the benefit of
Interface and SPV on terms comparable to those required of SPV hereunder with
respect to such disclosed information; provided, that each such Person is
informed of the confidential nature of such information. In addition, Lender
and the Administrator may disclose any such nonpublic information pursuant to
any law, rule, regulation, direction, request or order of any judicial,
administrative or regulatory authority or proceedings (whether or not having
the force or effect of law).

                  (c)      SPV shall maintain and shall cause each of its
employees and officers to maintain the confidentiality of this Agreement and
the other confidential or proprietary information with respect to Interface,
the Obligors and their respective businesses obtained by it in connection with
the due diligence evaluations, structuring, negotiating and execution of the
Transaction Documents, and the consummation of the transactions contemplated
herein and any other activities of SPV arising from or related to the
transactions contemplated herein provided, however, that each of SPV and its
employees and officers shall be permitted to disclose such confidential or
proprietary information: (i) to the Administrator and Lender, (ii) to any
prospective or actual assignee or participant of the Administrator or Lender
who executes a confidentiality agreement for the benefit of Interface and SPV
on terms comparable to those required of SPV hereunder with respect to such
disclosed information, (iii) to any rating agency, provider of a surety,
guaranty or credit or liquidity enhancement to Lender, (iv) to any officers,
directors, employees, outside accountants and attorneys of any of the
foregoing, and (v) to the

                                      23
<PAGE>
extent required pursuant to any applicable law, rule, regulation, direction,
request or order of any judicial, administrative or regulatory authority or
proceedings with competent jurisdiction (whether or not having the force or
effect of law) so long as such required disclosure is made under seal to the
extent permitted by applicable law or by rule of court or other applicable
body.

                  Section 7.5       Bankruptcy Petition.

                  (a)      Interface and SPV each hereby covenants and agrees
that, prior to the date that is one year and one day after the payment in full
of all outstanding senior indebtedness of Lender, it will not institute
against, or join any other Person in instituting against, Lender any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings
or other similar proceeding under the laws of the United States or any state of
the United States.

                  (b)      Interface covenants and agrees that, prior to the
date that is one year and one day after the payment in full of all outstanding
Obligations of SPV, it will not institute against, or join any other Person in
instituting against, SPV any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings or other similar proceeding under the
laws of the United States or any state of the United States.

                  Section 7.6       Limitation of Liability. Except with
respect to any claim arising out of the willful misconduct or gross negligence
of Lender or the Administrator, no claim may be made by Interface or any other
Person against Lender, the Administrator or their respective Affiliates,
directors, officers, employees, attorneys or agents for any special, indirect,
consequential or punitive damages in respect of any claim for breach of
contract or any other theory of liability arising out of or related to the
transactions contemplated by this Agreement, or any act, omission or event
occurring in connection therewith; and Interface hereby waives, releases, and
agrees not to sue upon any claim for any such damages, whether or not accrued
and whether or not known or suspected to exist in its favor.

                  Section 7.7       CHOICE OF LAW. THIS AGREEMENT SHALL BE
GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF
CONFLICTS OTHER THAN SECTION 5-1401 OF THE NEW YORK OBLIGATIONS LAW) OF THE
STATE OF NEW YORK.

                  Section 7.8       CONSENT TO JURISDICTION. INTERFACE HEREBY
IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES
FEDERAL OR NEW YORK STATE COURT SITTING IN NEW YORK, NEW YORK IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY DOCUMENT
EXECUTED BY INTERFACE PURSUANT TO THIS AGREEMENT AND INTERFACE HEREBY
IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY
BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION
IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM.
NOTHING HEREIN SHALL LIMIT THE RIGHT OF SPV (OR ITS ASSIGNS) TO BRING
PROCEEDINGS AGAINST INTERFACE IN THE COURTS OF ANY OTHER JURISDICTION. ANY
JUDICIAL PROCEEDING BY INTERFACE

                                      24
<PAGE>
AGAINST SPV (OR ITS ASSIGNS) OR ANY AFFILIATE THEREOF INVOLVING, DIRECTLY OR
INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH
THIS AGREEMENT OR ANY DOCUMENT EXECUTED BY INTERFACE PURSUANT TO THIS AGREEMENT
SHALL BE BROUGHT ONLY IN A COURT IN NEW YORK, NEW YORK.

                  Section 7.9       WAIVER OF JURY TRIAL. TO THE EXTENT PERMIT
TED BY APPLICABLE LAW, EACH PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY
JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER
SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO,
OR CONNECTED WITH THIS AGREEMENT, ANY DOCUMENT EXECUTED BY INTERFACE PURSUANT
TO THIS AGREEMENT OR THE RELATIONSHIP ESTABLISHED HEREUNDER OR THERE UNDER.

                  Section 7.10      Integration; Binding Effect; Survival of
Terms.

                  (a)      This Agreement and each other Transaction Document
contain the final and complete integration of all prior expressions by the
parties hereto with respect to the subject matter hereof and shall constitute
the entire agreement among the parties hereto with respect to the subject
matter hereof superseding all prior oral or written understandings. This
Agreement shall supersede and replace the Original Receivables Sale Agreement
(other than any provisions thereof which by their express terms survive
termination of the Original Receivables Sale Purchase Agreement).

                  (b)      This Agreement shall be binding upon and inure to
the benefit of Interface and SPV, and their respective successors and permitted
assigns (including any trustee in bankruptcy). Interface may not assign any of
its rights and obligations hereunder or any interest herein without the prior
written consent of SPV. SPV may assign at any time its rights and obligations
hereunder and interests herein to any other Person without the consent of
Interface. Without limiting the foregoing, Interface acknowledges that SPV,
pursuant to the Loan Agreement, may grant security interests to the
Administrator, for the benefit of Lender, in its rights, remedies, powers and
privileges hereunder and that the Administrator may further assign such
security interests to the extent permitted in the Loan Agreement. Interface
agrees that the Administrator, as the secured party of SPV, shall, subject to
the terms of the Loan Agreement, have the right to enforce this Agreement and
to exercise directly all rights and remedies of SPV as secured party under this
Agreement (including, without limitation, the right to give or withhold any
consents or approvals of SPV to be given or withheld hereunder) and Interface
agrees to cooperate fully with the Administrator in the exercise of such rights
and remedies. This Agreement shall create and constitute the continuing
obligations of the parties hereto in accordance with its terms and shall remain
in full force and effect until terminated in accordance with its terms;
provided, however, that the rights and remedies with respect to (i) any breach
of any representation and warranty made by Interface pursuant to Article II;
(ii) the indemnification and payment provisions of Article VI; and (iii)
Section 7.5 shall be continuing and shall survive any termination of this
Agreement.

                  Section 7.11      Counterparts; Severability; Section
References. This Agreement may be executed in any number of counterparts and by
different parties hereto in separate

                                      25
<PAGE>
counterparts, each of which when so executed shall be deemed to be an original
and all of which when taken together shall constitute one and the same
Agreement. Delivery of an executed counterpart of a signature page to this
Agreement by facsimile shall be as effective as delivery of a manually executed
counterpart to this Agreement. Any provisions of this Agreement that are
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. Unless otherwise
expressly indicated, all references herein to "Article," "Section," "Schedule"
or "Exhibit" shall mean articles and sections of, and schedules and exhibits
to, this Agreement.

                  Section 7.12      Subordination. Interface shall have the
right to receive, and SPV shall make, any and all payments relating to any
indebtedness, obligation or claim, Interface may from time to time hold or
otherwise have against SPV or any assets or properties of SPV, whether arising
hereunder or otherwise existing, provided that, after giving effect to any such
payment, the aggregate Outstanding Balance of Receivables owned by SPV at such
time exceeds the sum of (a) the aggregate outstanding principal balance of the
Loans under the Loan Agreement, plus (b) the aggregate outstanding principal
balance of the Subordinated Loans. Interface hereby agrees that at any time
during which the condition set forth in the proviso of the immediately
preceding sentence shall not be satisfied, Interface shall be subordinate in
right of payment to the prior payment of any indebtedness or obligation of SPV
owing to the Administrator or Lender under the Loan Agreement.

                            [SIGNATURE PAGE FOLLOWS]

                                      26
<PAGE>
         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be executed and delivered by their duly authorized officers as of the date
hereof.

                                    INTERFACE, INC.

                                    By: /s/ Patrick C. Lynch
                                       ----------------------------------------
                                    Name: Patrick C. Lynch
                                    Title: Vice President

                                         Address:

                                             2859 Paces Ferry Road, Suite 2000
                                             Atlanta, GA 30339
                                             Attention: Corporate Legal
                                                        Department
                                             Phone:     (770) 437-6800
                                             Fax:       (770) 319-6270

                                    INTERFACE SECURITIZATION CORPORATION

                                    By: /s/ Patrick C. Lynch
                                       ----------------------------------------
                                    Name: Patrick C. Lynch
                                    Title: Vice President

                                         Address:

                                             c/o Interface, Inc.
                                             2859 Paces Ferry Road, Suite 2000
                                             Atlanta, GA 30339
                                             Attention: Corporate Legal
                                                        Department
                                             Phone:     (770) 437-6800
                                             Fax:       (770) 319-6270

                                      27
<PAGE>
                                   EXHIBIT I

                                  Definitions

                  This is Exhibit I to the Agreement (as hereinafter defined).
As used in the Agreement and the Exhibits, Schedules and Annexes thereto,
capitalized terms have the meanings set forth in this Exhibit I (such meanings
to be equally applicable to the singular and plural forms thereof). If a
capitalized term is used in the Agreement, or any Exhibit, Schedule or Annex
thereto, and not otherwise defined therein or in this Exhibit I, such term
shall have the meaning assigned thereto in Exhibit I to the Loan Agreement.

                  "ADMINISTRATOR" has the meaning set forth in the Preliminary
Statements to the Agreement.

                  "AGREEMENT" means the Receivables Sale Agreement, dated as of
February 12, 2003, between Interface and SPV, as the same may be amended,
restated or otherwise modified.

                  "CALCULATION PERIOD" means each calendar month or portion
thereof that elapses during the term of the Agreement. The first Calculation
Period shall commence on the date of the Purchase of Receivables hereunder and
the final Calculation Period shall terminate on the Termination Date.

                  "CHANGE IN CONTROL PROVISION" shall mean any term or
provision contained in any indenture, debenture, note, or other agreement or
document evidencing or governing Interface Control Debt which requires, or
permits the holder(s) of such Interface Control Debt to require, that such
Interface Control Debt be redeemed, repurchased, defeased, prepaid or repaid,
either in whole or in part, or the maturity of such Interface Control Debt to
be accelerated in any respect, as a result of a change in ownership of the
capital stock of Interface or voting rights with respect thereto.

                  "CREDIT AND COLLECTION POLICY" means each Original Seller's
credit and collection policies and practices relating to Contracts and
Receivables of such Original Seller existing on the date hereof and summarized
in Exhibit V, as modified from time to time in accordance with the Agreement.

                  "DEFAULT FEE" means a per annum rate of interest equal to the
sum of (i) the Prime Rate, plus (ii) 2% per annum.

                  "DILUTIONS" means, at any time, the aggregate amount of
reductions or cancellations described in Section 1.3(a) of the Agreement.

                  "DISCOUNT FACTOR" means a percentage calculated to provide
SPV with a reasonable return on its investment in the Receivables after taking
account of (i) the time value of money based upon the anticipated dates of
collection of the Receivables and the cost to SPV of financing its investment
in the Receivables during such period and (ii) the risk of nonpayment by the
Obligors. Interface and SPV may agree from time to time to change the Discount
Factor based on changes in one or more of the items affecting the calculation
thereof, provided that any change to the Discount Factor shall take effect as
of the commencement of a Calculation Period,

                                      28
<PAGE>
shall apply only prospectively and shall not affect the Purchase Price payment
made prior to the Calculation Period during which Interface and SPV agree to
make such change.

                  "INITIAL CUTOFF DATE" has the meaning set forth in Section
1.2(a).

                  "INTERFACE" has the meaning set forth in the preamble to the
Agreement.

                  "INTERFACE CONTROL DEBT" shall mean, at any time, debt of
Interface for borrowed money in an aggregate principal amount outstanding at
such time in excess of $10,000,000 which is subject to Change in Control
Provisions, excluding debt of Interface arising under Interface Revolving
Credit Agreement or any security document of Interface delivered pursuant to
the Interface Revolving Credit Agreement.

                  "LENDER" has the meaning set forth in the Preliminary
Statements to the Agreement.

                  "LOAN AGREEMENT" has the meaning set forth in the Preliminary
Statements to the Agreement.

                  "MATERIAL ADVERSE EFFECT" means a material adverse effect on
(i) the financial condition or operations of Interface and its Subsidiaries,
(ii) the ability of Interface to perform its obligations under the Agreement or
any other Transaction Document, (iii) the legality, validity or enforceability
of the Agreement or any other Transaction Document, (iv) Interface's, SPV's,
the Administrator's or any Purchaser's interest in the Receivables generally or
in any significant portion of the Receivables, the Related Security or
Collections with respect thereto, or (v) the collectibility of the Receivables
generally or of any material portion of the Receivables.

                  "NET VALUE" means, as of any date of determination, an amount
equal to the sum of (a) the aggregate Outstanding Balance of the Receivables at
such time, minus (b) the aggregate principal amount of all outstanding Loans
outstanding under the Loan Agreement at such time.

                  "NET WORTH" means as of the last Business Day of each
Calculation Period preceding any date of determination, the excess, if any, of
(a) the aggregate Outstanding Balance of the Receivables at such time, over (b)
the sum of (i) the Aggregate Capital outstanding at such time, plus (ii) the
aggregate outstanding principal balance of the Subordinated Loans (including
any Subordinated Loan proposed to be made on the date of determination).

                  "ORIGINAL BALANCE" means, with respect to any Receivable
coming into existence after the Initial Cutoff Date, the Outstanding Balance of
such Receivable on the date it was created.

                  "ORIGINAL RECEIVABLES PURCHASE AGREEMENT" means that certain
Receivables Purchase Agreement dated as of December 19, 2000 among SPV,
Interface, as servicer, certain financial institutions party thereto as
purchasers, Jupiter Securitization Corporation and Bank One, NA (Main Office
Chicago), as agent, as amended.

                                      29
<PAGE>
                  "ORIGINAL RECEIVABLES SALE AGREEMENT" means the Receivables
Sale Agreement as defined in the Original Receivables Purchase Agreement.

                  "PERMITTED ADVERSE CLAIM" means (a) Liens for taxes or
assessments or other governmental charges not yet due and payable; and (b)
Liens created by the Transaction Documents.

                  "POTENTIAL TERMINATION EVENT" means an event that, with the
passage of time or the giving of notice, or both, would constitute a
Termination Event.

                  "PURCHASE" means the purchase pursuant to Section 1.1(a) of
the Agreement by SPV from Interface of the Receivables and the Related Security
and Collections related thereto, together with all related rights in connection
therewith.

                  "PURCHASE PRICE" means, with respect to the Purchase, the
aggregate price to be paid by SPV to Interface for such Purchase in accordance
with Section 1.2 of the Agreement for the Receivables, Collections and Related
Security being sold to SPV, which price shall equal on any date (i) the product
of (x) the Outstanding Balance of such Receivables on such date, multiplied by
(y) one minus the Discount Factor in effect on such date, minus (ii) any
Purchase Price Credits to be credited against the Purchase Price otherwise
payable in accordance with Section 1.3 of the Agreement.

                  "PURCHASE PRICE CREDIT" has the meaning set forth in Section
1.3 of the Agreement.

                  "RECEIVABLE" means all indebtedness and other obligations
owed to an Original Seller (at the time it arises, and before giving effect to
any transfer or conveyance under the Transfer Agreement), Interface (after
giving effect to the transfers under the Transfer Agreement and before giving
effect to any transfer or conveyance under the Agreement) or SPV (after giving
effect to the transfers under the Agreement) or in which an Original Seller,
Interface or SPV has a security interest or other interest, including, without
limitation, any indebtedness, obligation or interest constituting an account,
chattel paper, instrument or general intangible, arising in connection with the
sale of goods or the rendering of services by an Original Seller, and further
includes, without limitation, the obligation to pay any Finance Charges with
respect thereto. Indebtedness and other rights and obligations arising from any
one transaction, including, without limitation, indebted ness and other rights
and obligations represented by an individual invoice, shall constitute a
Receivable separate from a Receivable consisting of the indebtedness and other
rights and obligations arising from any other transaction; provided, further,
that any indebtedness, rights or obligations referred to in the immediately
preceding sentence shall be a Receivable regardless of whether the account
debtor, the Original Seller thereof or Interface treats such indebtedness,
rights or obligations as a separate payment obligation.

                  "RELATED SECURITY" means, with respect to any Receivable:

                  (i)      all of the interest of Interface or the Original
         Seller thereof in the inventory and goods (including returned or
         repossessed inventory or goods), if

                                      30
<PAGE>
         any, the sale or financing of which by the Original Seller thereof
         gave rise to such Receivable, and all insurance contracts with respect
         thereto,

                  (ii)     all other security interests or liens and property
         subject thereto from time to time, if any, purporting to secure
         payment of such Receivable, whether pursuant to the Contract related
         to such Receivable or otherwise, together with all financing
         statements and security agreements describing any collateral securing
         such Receivable,

                  (iii)    all guaranties, letters of credit, insurance and
         other agreements or arrangements of whatever character from time to
         time supporting or securing payment of such Receivable whether
         pursuant to the Contract related to such Receivable or otherwise,

                  (iv)     all service contracts and other contracts and
         agreements associated with such Receivable,

                  (v)      all Records related to such Receivable,

                  (vi)     all of Interface's right, title and interest in each
         LockBox and each LockBox Account,

                  (vii)    all of Interface's interest in, to and under the
         Transfer Agreement, and

                  (viii)   all proceeds of any of the foregoing.

                  "REQUIRED CAPITAL AMOUNT" means, as of any date of
determination, an amount equal to the sum of (i) the twenty-four month rolling
average of Dilutions, plus (ii) the result obtained in the foregoing clause (i)
of this definition, multiplied by 10%.

                  "SETTLEMENT DATE" means, with respect to each Calculation
Period, the date that is the tenth (10th) calendar day of the month following
such Calculation Period.

                  "SPV" has the meaning set forth in the preamble to the
Agreement.

                  "SUBORDINATED LOAN" has the meaning set forth in Section
1.2(a) of the Agreement.

                  "SUBORDINATED NOTE" means a promissory note in substantially
the form of Exhibit VII hereto as more fully described in Section 1.2 of the
Agreement, as the same may be amended, restated, supplemented or otherwise
modified from time to time.

                  "TERMINATION DATE" means the earliest to occur of (i) the
Commitment Termination Date (under and as defined in the Loan Agreement), (ii)
the Business Day immediately prior to the occurrence of a Termination Event set
forth in Section 5.1(d)(ii), (iii) or (iv), (iii) the Business Day specified in
a written notice from SPV to Interface following the occurrence and during the
continuance of any other Termination Event, and (iv) the date that is

                                      31
<PAGE>
30 days after SPV's receipt of written notice from Interface that it wishes to
terminate the facility evidenced by this Agreement.

                  "TERMINATION EVENT" has the meaning set forth in Section 5.1
of the Agreement.

                  "TRANSACTION DOCUMENTS" means, collectively, this Agreement,
the Transfer Agreement each LockBox Account Agreement, the Subordinated Note
and all other instruments, documents and agreements executed and delivered in
connection herewith.

                  "TRANSFER AGREEMENT" has the meaning set forth in the
preamble to the Agreement.

                  All accounting terms not specifically defined herein shall be
construed in accordance with GAAP. All terms used in Article 9 of the UCC in
the State of New York, and not specifically defined herein, are used herein as
defined in such Article 9.

                                      32

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