Document:

Exhibit 10.28

                              WAIVER, CONSENT AND AGREEMENT dated as of February
                         25, 2002 (this "Waiver"), to the Credit Agreement dated
                         as of April 9, 1998, as amended and restated as of
                         April 12, 2001 (as amended, the "Credit Agreement"),
                         among WKI Holding Company, Inc. (formerly known as CCPC
                         Holding Company, Inc.), a Delaware corporation (the
                         "Borrower"), the lending institutions from time to time
                         parties thereto (each a "Lender" and, collectively, the
                         "Lenders"), JPMorgan Chase Bank (formerly known as The
                         Chase Manhattan Bank), as Administrative Agent,
                         Citibank, N.A., as Syndication Agent, and Bankers Trust
                         Company, as Documentation Agent.

          A. Pursuant to the Credit Agreement, the Lenders and the Letter of
Credit Issuer have extended and agreed to extend credit to the Borrower on the
terms and subject to the conditions set forth therein. Capitalized terms used
and not otherwise defined herein shall have the meanings assigned to them in the
Credit Agreement.

          B. The Borrower has requested that the Required Lenders waive Section
10.4 of the Credit Agreement to the extent necessary to permit the Borrower to
sell any or all accounts receivable owed to the Borrower by Kmart Corp. that are
outstanding as of the date hereof to any Person that is not an Affiliate of the
Borrower for cash (the "Receivables Sales").

          C. The Borrower has further requested that the Required Lenders waive
Sections 3.1(b)(v) and 7.1 of the Credit Agreement to the extent necessary to
permit (i) the expiry dates of the Letters of Credit set forth on Schedule I
hereto (the "Specified Letters of Credit") to be extended as set forth on such
Schedule I (collectively, the "Specified Letter of Credit Extensions"), (ii) the
extension of the expiry date of (x) any other Letter of Credit outstanding on
the date hereof and (y) any Additional Letter of Credit (as defined below)
(collectively, the "Letter of Credit Renewals") and (iii) the issuance of up to
$5,000,000 aggregate Stated Amount of additional Letters of Credit (the
"Additional Letters of Credit").

          D. The Borrower has further requested that the Letter of Credit Issuer
consent to (a) the consummation of the Specified Letter of Credit Extensions,
(b) the consummation of the Letter of Credit Renewals and (c) the issuance of
the Additional Letters of Credit.

          E. The Required Lenders are willing to grant such limited waivers, and
the Letter of Credit Issuer is willing to grant such consent, pursuant to the
terms and subject to the conditions set forth herein.

          Accordingly, in consideration of the mutual agreements herein
contained and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the parties hereto agree us follows:

          SECTION 1. Limited Waiver of Section 10.4. The Required Lenders hereby
                     -------------------------------
waive compliance with the provisions of Section 10.4 of the Credit Agreement to
the extent (but only to the extent) necessary to permit the Receivables Sales,
provided that
--------

<PAGE>
the Borrower shall, within five Business Days after the occurrence of each
Receivables Sale, prepay Tranche B Revolving Credit Loans in an amount equal
to 100% of the Net Cash Proceeds from such Receivables Sale.

          SECTION 2. Limited Waivers of Sections 3.1(b)(v) and 7.1. (a) The
                     ----------------------------------------------
Required Lenders hereby waive compliance with the provisions of Sections 3.1(b)
(v) and 7.1 of the Credit Agreement to the extent (but only to the extent)
necessary to permit the Specified Letter of Credit Extensions.

          (b) The Required Lenders hereby waive compliance with the provisions
of Sections 3.1(b)(v) and 7.1 of the Credit Agreement to the extent (but only to
the extent) necessary to permit the Letter of Credit Renewals, provided that
                                                               --------
prior to the consummation of any Letter of Credit Renewal, the Borrower shall
have complied with the provisions of Section 4(b) of this Waiver.

          (c) The Required Lenders hereby waive compliance with the provisions
of Sections 3.1(b)(v) and 7.1 of the Credit Agreement to the extent (but only
to the extent) necessary to permit the issuance of Additional Letters of Credit,
provided that prior to the issuance of each Additional Letter of Credit, the
--------
Borrower shall have prepaid Tranche A Revolving Credit Loans in an aggregate
principal amount equal to the Stated Amount of such Additional Letter of Credit
in accordance with Section 5.1 of the Credit Agreement.

          SECTION 3. Consent. The Letter of Credit Issuer hereby consents to and
                     -------
agrees to effectuate (a) the consummation of the Specified letter of Credit
Extensions, (b) the consummation of the Letter of Credit Renewals and (c) the
issuance of the Additional Letters of Credit, provided that in each case the
                                              --------
Borrower has complied with its obligations under the Credit Agreement (to the
extent not expressly waived herein).

          SECTION 4. Agreements. (a) The Borrower hereby agrees to transfer from
                     ----------
an account maintained with a financial institution that is not a Lender
$660,550.00 in cash (the "Cash Amount") to an account established at the office
of the Administrative Agent, located at 270 Park Avenue, New York, NY 10017, in
the name of the Administrative Agent (the "Account"), which Account shall remain
under the sole dominion and control of the Administrative Agent.

          (b) The Borrower further agrees that, prior to the consummation of any
Letter of Credit Renewal, it will transfer from an account maintained with a
financial institution that is not a Lender to the Account an amount equal to
l10% of the Stated Amount of such Letter of Credit,

          (c) The Borrower further acknowledges and agrees that (i)
notwithstanding Section 3.2(c) of the Security Agreement, the Borrower shall
have no right of withdrawal from the Account until the Obligations are paid in
full, (ii) the funds on deposit in the Account continue to be collateral and
security for all the Obligations as provided in Section 2 of the Security
Agreement and (iii) upon the occurrence and during the continuance of an Event
of Default at the sole discretion of the Administrative Agent, the funds on
deposit in the Account shall be applied in accordance with Section 5.4 of the
Security Agreement.

          SECTION 5. Representations and Warranties. To induce the other parties
                     ------------------------------
hereto to enter into this Waiver, the Borrower represents and warrants to each
other party hereto that, after giving effect to this Waiver, (a) the
representations and warranties set forth in Section 8 of the Credit Agreement
(other than Section 8.16) will be true and

<PAGE>
correct in all material respects on and as of the date hereof, except to the
extent such representations and warranties expressly relate to an earlier date
and (b) no Default or Event of Default will have occurred and be continuing,
other than potential Events of Default based upon non-compliance with Sections
10.10, 10.11 and 10.13.

          SECTION 6. Conditions to Effectiveness. This Waiver shall become
                     ----------------------------
effective at such time as (a) the Administrative Agent shall have received
counterparts hereof that, when taken together, bear the signatures of the
Borrower and the Required Lenders, (b) the Cash Amount shall have been deposited
in the Account and (c) all fees and expenses of the Administrative Agent,
including all invoiced fees and expenses of its counsel, shall have been paid.

          SECTION 7. Effect of Waiver. Except as expressly set forth herein,
                     ----------------
this Waiver shall not by implication or otherwise limit, impair, constitute a
waiver of, or otherwise affect, the rights and remedies of the Lender, the
Administrative Agent, the Letter of Credit Issuer, the Syndication Agent or the
Documentation Agent under the Credit Agreement or any other Loan Document, and
shall not alter, modify, amend or in any way affect any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other Loan Document, all of which are ratified and affirmed in
all respects and shall continue in full force and effect. Nothing herein shall
be deemed to entitle the Borrower to a consent to, or a waiver, amendment,
modification or other change of, any of the terms, conditions, obligations,
covenants or agreements contained in the Credit Agreement or any other Loan
Document in similar or different circumstances. This waiver shall apply and be
effective only with respect to the provisions of the Credit Agreement
specifically referred to herein and only for the circumstances referred to
herein. For the avoidance of doubt, this Waiver shall not constitute a waiver of
any Default or Event of Default based upon the potential non-compliance with
Sections 10.10, 10.11 or 10.13 of the Credit Agreement. Any default under this
Waiver shall constitute an Event of Default under the Credit Agreement.

          SECTION 8. Counterparts. This Waiver may be executed in any number of
                     -------------
counterparts and by different parties hereto on separate counterparts, each of
which when so executed and delivered shall be deemed an original, but all of
which together shall constitute a single instrument. Delivery of an executed
counterpart of a signature page of this Waiver and by facsimile transmission
shall be as effective as delivery of a manually executed counterpart hereof.

          SECTION 9. APPLICABLE LAW. THIS WAIVER SHALL BE GOVERNED BY, AND
                     ---------------
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

          SECTION 10 . Headings. The headings of this Waiver are for purposes of
                       ---------
reference only and shall not limit or otherwise affect the meaning hereof.

          SECTION 11. No Third Party Beneficiaries. Nothing in this Waiver,
                      ----------------------------
express or implied, shall give to any Person, other than the parties hereto and
the successors, assigns and participants permitted under Section 13.6 of the
Credit Agreement, any benefit or any legal or equitable right, remedy or claim
under this Waiver.

<PAGE>
          IN WITNESS WHEREOF, the parties hereto have caused this Waiver to be
duly executed by their duly authorized officers, all as of the date and year
first above written.

                                     WKI HOLDING COMPANY, INC.,

                                       by
                                          /s/ John C. Sorensen
                                         --------------------------------------
                                         Name:  John C. Sorensen
                                         Title: Vice President, Treasurer

                                     JP MORGAN CHASE BANK, as
                                     Administrative Agent, as Letter of Credit
                                     Issuer and as a Lender

                                       by
                                          /s/ Kathryn A. Duncan
                                         --------------------------------------
                                         Name:  Kathryn A. Duncan
                                         Title: Vice President

                                     CITIBANK, N.A., as Syndication Agent and
                                     as a Lender,

                                       by
                                          /s/ John Dorans
                                         --------------------------------------
                                         Name:  John Dorans
                                         Title: IRM

                                     BANKERS TRUST COMPANY, as
                                     Documentation Agent and as a Lender,

                                       by
                                          /s/ Mary Jo Jolly
                                         --------------------------------------
                                         Name:  Mary Jo Jolly
                                         Title: Vice President

<PAGE>Exhibit 10.29

          WAIVER NO. 1, dated as of March 28, 2002 (this "Waiver"), with respect
                                                          ------
to the Amended and Restated Credit Agreement, dated as of April 12, 2001 (as
amended, supplemented and otherwise modified to the date hereof, the "Credit
                                                                      ------
Agreement"), between WKI HOLDING COMPANY, INC., a Delaware corporation (the
---------
"Borrower"), and BORDEN HOLDINGS, INC., a Delaware corporation (successor to
 --------
Borden, Inc.) (the "Lender").
                    ------

                              W I T N E S S E T H:
                              - - - - - - - - - -

          WHEREAS, the Borrower is party to the Credit Agreement and is also
party to the Amended and Restated Credit Agreement, dated as of April 12, 2001,
among the Borrower, the lenders parties thereto, JPMorgan Chase Bank (successor
to The Chase Manhattan Bank), as Administrative Agent, and the other agents
parties thereto (the "Chase Credit Agreement");
                      ----------------------

          WHEREAS, the Credit Agreement incorporates by reference the covenants
contained in the Chase Credit Agreement, and a default or event of default under
the Chase Credit Agreement also constitutes a Default or Event of Default, as
the case may be, under the Credit Agreement;

          WHEREAS, the Borrower has informed the lenders under the Chase Credit
Agreement that certain "Events of Default" (as such term is defined in the Chase
Credit Agreement) have occurred and are continuing under the Chase Credit
Agreement as a result of (a) the failure by the Borrower to comply with certain
provisions of the Chase Credit Agreement and (b) the Borrower's failure to take
any action specified in the letter dated March 1, 2002 from the Administrative
Agent to the Borrower, as further described in the Waiver and Agreement, dated
as of March __, 2002, with respect to the Chase Credit Agreement (the "Chase
                                                                       -----
Waiver"), and pursuant to the Chase Waiver, the "Required Lenders" (as defined
------
in the Chase Credit Agreement) have agreed to waive such "Events of Default"
(the "Chase Specified Events of Default"), subject to the conditions and
      ---------------------------------
limitations set forth in the Chase Waiver;

          WHEREAS, the Borrower has informed the Lender that Events of Default
have occurred and are continuing under the Credit Agreement as a result of the
Chase Specified Events of Default, and as a result of the Borrower's failure to
comply with Sections 10.10, 10.11 and 10.13 of the Chase Credit Agreement, as
incorporated by reference in Section 10 of the Credit Agreement, for the Test
Period ended December 31, 2001 (such Events of Default, the "Specified Events of
                                                             -------------------
Default");
-------

          WHEREAS, the Borrower has requested that the Lender grant a limited
waiver of the Specified Events of Default, and the Lender is willing to grant
such limited waiver, on the terms and subject to the conditions set forth
herein;

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

          1.     Unless otherwise defined herein, terms defined in the Credit
Agreement shall have their defined meanings when used herein.

<PAGE>
          2.     The Lender hereby waives the Specified Events of Default.  The
waiver set forth in this Section 2 shall become effective only upon the Chase
Waiver becoming effective in accordance with its terms and shall, without any
further action by any Person, automatically terminate on the earlier of  the
"Waiver Termination Date" (as such term is defined in the Chase Waiver) and  the
first date the lenders or the Administrative Agent under the Chase Credit
Agreement take any action to accelerate the loans thereunder or to exercise any
other remedies under the "Loan Documents" (as defined in the Chase Credit
Agreement).

          3.     To induce the Lender to enter into this Waiver, the Borrower
represents and warrants to the Lender that, after giving effect to this Waiver,
the representations and warranties incorporated by reference in Section 8 of the
Credit Agreement will be true and correct in all material respects on and as of
the date hereof, except to the extent such representations and warranties
expressly relate to an earlier date and  no Default or Event of Default will
have occurred and be continuing.

          4.     Except as expressly set forth herein, this Waiver shall not by
implication or otherwise limit, impair, constitute a waiver of, or otherwise
affect, the rights and remedies of the Lender under the Credit Agreement or any
other Credit Document, and shall not alter, modify, amend or in any way affect
any of the terms, conditions, obligations, covenants or agreements contained in
the Credit Agreement or any other Credit Document, all of which are ratified and
affirmed in all respects and shall continue in full force and effect.  Nothing
herein shall be deemed to entitle the Borrower to a consent to, or a waiver,
amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any
other Credit Document in similar or different circumstances.  This Waiver shall
apply and be effective only with respect to the provisions of the Credit
Agreement specifically referred to herein and only for the circumstances, and
during the time period, referred to herein.  Any default under this Waiver shall
constitute an Event of Default under the Credit Agreement.

          5.     This Waiver shall be construed in accordance with and governed
by the law of the State of New York.

          6.     This Waiver may be executed by the parties hereto in separate
counterparts and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.

                                *     *     *

<PAGE>
          IN WITNESS WHEREOF, the parties have caused this Waiver to be executed
and delivered by their respective duly authorized officers as of the day and
year first above written.

                                           WKI HOLDING COMPANY, INC.

                                           By:_____________________________
                                              Name:
                                              Title:

                                           BORDEN HOLDINGS, INC.

                                           By:_____________________________
                                              Name:
                                              Title:

<PAGE>

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