Document:

<PAGE>

            AMENDMENT NO. 5 TO AMENDED AND RESTATED CREDIT AGREEMENT

         This Amendment No. 5 (this "Amendment") to the "Credit Agreement"
(defined below) is entered into as of July 25, 2000 by and among ARCHIBALD CANDY
CORPORATION, an Illinois corporation (the "Borrower"), the financial
institutions party to the Credit Agreement (collectively, the "Lenders") and
BANK ONE, NA, formerly known as THE FIRST NATIONAL BANK OF CHICAGO, as one of
the Lenders and in its capacity as contractual representative (the "Agent") on
behalf of itself and the other Lenders.

                                    RECITALS:

         WHEREAS, the Borrower, the Lenders and the Agent have entered into that
certain Amended and Restated Credit Agreement dated as of July 2, 1997, as
amended (the "Credit Agreement");

         WHEREAS, the Borrower has notified the Lenders and the Agent that the
Borrower wishes to amend the Credit Agreement in certain respects; and

         WHEREAS, the Lenders and the Agent are willing to amend the Credit
Agreement on the terms and conditions herein set forth;

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

         1. DEFINED TERMS. Capitalized terms used herein and not otherwise
defined herein shall have the meanings attributed to such terms in the Credit
Agreement.

         2. AMENDMENTS TO CREDIT AGREEMENT. Upon the effectiveness of this
Amendment in accordance with the provisions of SECTION 3 below, the Credit
Agreement is hereby amended as follows:

         (a) The definition of "AGGREGATE REVOLVING LOAN COMMITMENT" set forth
in SECTION 1.1 of the Credit Agreement is hereby amended to delete therefrom the
second sentence thereof and to substitute therefor the following: "The Aggregate
Revolving Loan Commitment for the period beginning July 25, 2000 and ending
December 31, 2000 is $30,000,000. The Aggregate Revolving Loan Commitment
thereafter is $20,000,000."

         (b) The definition of "APPLICABLE COMMITMENT FEE RATE" set forth in
SECTION 1.1 of the Credit Agreement is hereby amended in its entirety as
follows:

         "APPLICABLE COMMITMENT FEE RATE" means, from and after July 25, 2000, a
per annum rate equal to 0.50%.

<PAGE>

         (c) The definition of "APPLICABLE LETTER OF CREDIT FEE RATE" set forth
in SECTION 1.1 of the Credit Agreement is hereby amended in its entirety as
follows:

         "APPLICABLE LETTER OF CREDIT FEE RATE" means, from and after July 25,
2000, a per annum rate equal to three and one-half percent (3.5%).

         (d) The definition of "BORROWING BASE" set forth in SECTION 1.1 of the
Credit Agreement is hereby amended to delete therefrom the phrase "(C) for the
period beginning June 30, 2000 and ending July 25, 2000, 65% of the Gross Amount
of Eligible Inventory consisting of packaged candy, and subsequent to July 25,
2000, 50% of such Gross Amount PLUS (D) for the period beginning June 30, 2000
and ending July 25, 2000, 65% of the Gross Amount of Canadian Eligible Inventory
consisting of packaged candy, and subsequent to July 25, 2000, 50% of such Gross
Amount." and to substitute therefor the following:

         (C) 65% of the Gross Amount of Eligible Inventory consisting of
packaged candy PLUS (D) 65% of the Gross Amount of Canadian Eligible Inventory
consisting of packaged candy.

         (e) The definition of "CANADIAN ELIGIBLE RECEIVABLES" set forth in
SECTION 1.1 of the Credit Agreement is hereby amended to delete therefrom the
phrase "that during the period beginning June 30, 2000 and ending July 25, 2000"
and to substitute therefor the phrase "that from and after June 30, 2000".

         (f) The definition of "ELIGIBLE RECEIVABLES" set forth in SECTION 1.1
of the Credit Agreement is hereby amended to delete therefrom the phrase "that
during the period beginning June 30, 2000 and ending July 25, 2000" and to
substitute therefor the phrase "that from and after June 30, 2000".

         (g) The definition of "REVOLVING LOAN COMMITMENT" set forth in Section
1.1 of the Credit Agreement is hereby amended in its entirety as follows:

         "REVOLVING LOAN COMMITMENT" means, for each Lender, the obligation of
such Lender to make Revolving Loans and to purchase participations in Letters of
Credit not exceeding the amount set forth on Exhibit A to this Agreement
opposite its name thereon, as such amount may be modified from time to time
pursuant to the terms hereof; PROVIDED, HOWEVER, that notwithstanding the
amounts set forth on EXHIBIT A hereto, for the period beginning July 25, 2000
and ending December 31, 2000, the "Revolving Loan Commitment" for Bank One, NA
shall equal $15,000,000, the "Revolving Loan Commitment" for Fleet Business
Credit Corporation shall equal $15,000,000, and the "Aggregate Revolving Loan
Commitment" shall equal $30,000,000.

         (h) The definition of "REVOLVING NOTE" set forth in SECTION 1.1 of the
Credit Agreement is hereby amended to delete therefrom the period at the end
thereof and to substitute the following therefor: "PROVIDED, HOWEVER, that for
the period beginning July 25, 2000 and ending December 31, 2000, each Lender's
promissory note shall be deemed to be in an amount equal to $15,000,000."

         (i) SECTION 2.2 of the Credit Agreement is hereby amended to insert
immediately at the end thereof the following:

                                       2

<PAGE>

         "The Borrower hereby agrees that it shall repay in full the aggregate
principal balance of the Loans outstanding on December 26, 2000 and hereby
agrees that it shall not request from any Lender the extension of any Loan, nor
shall any Lender extend any Loan, during the period beginning December 26, 2000
and ending December 31, 2000. Each of the failure to repay in full such
aggregate principal balance on December 26, 2000 and the extension of any Loan
during the aforementioned period shall constitute a Default under SECTION
7.1(a)(i) on the date of the occurrence thereof."

         (j) SECTION 6.3(A)(xii) of the Credit Agreement is hereby deleted in
its entirety and replaced with the following: "Indebtedness not otherwise
permitted pursuant to CLAUSES (i) through (xi) of this SECTION 6.3 provided that
such Indebtedness does not exceed $1,000,000."

         (k) The definition of "EBITDA" set forth in SECTION 6.4(A) of the
Credit Agreement is hereby amended to delete therefrom the phrase "PLUS all
amounts deducted in determining such Consolidated Net Income" and to substitute
therefor the phrase "PLUS costs and/or expenses in an aggregate amount no
greater than $500,000 incurred by the Borrower from and after June 1, 2000 in
connection with its extension or issuance of severance compensation and/or
benefits to terminated employees PLUS all amounts deducted in determining such
Consolidated Net Income".

         (l) SECTION 6.4(B) of the Credit Agreement is hereby deleted in its
entirety and replaced with the following:

         "(B) MINIMUM EBITDA. The Borrower and its Subsidiaries on a
consolidated basis shall not permit EBITDA to be less than the amounts set forth
below:
<TABLE>
<CAPTION>
        Minimum EBITDA                          Test Date
        --------------------------------------- -----------------------
        <S>                                     <C>
        $(5,125,000)                            August 26, 2000
        --------------------------------------- -----------------------
        $(4,125,000)                            November 25, 2000
        --------------------------------------- -----------------------
        $23,375,000                             February 24, 2001
        --------------------------------------- -----------------------
</TABLE>

         For each test date referenced in this SECTION 6.4(B), EBITDA shall be
determined on such test date for the period beginning June 1, 2000 and ending on
such test date."

         (m) SECTION 6.4(C) of the Credit Agreement is hereby deleted in its
entirety and replaced with the following:

         (C) CAPITAL EXPENDITURES. The Borrower shall not expend or be committed
to expend, nor shall it permit any of its Subsidiaries to expend or be committed
to expend, for Capital Expenditures, in the aggregate for the Borrower and its
Subsidiaries, in excess of the amounts set forth below:

                                       3

<PAGE>
<TABLE>
<CAPTION>
        Maximum Capital Expenditure             Test Date
        --------------------------------------- -----------------------
        <S>                                     <C>
        $1,750,000                              August 26, 2000
        --------------------------------------- -----------------------
        $3,500,000                              November 25, 2000
        --------------------------------------- -----------------------
        $5,250,000                              February 24, 2001
        --------------------------------------- -----------------------
</TABLE>

         For each test date referenced in this SECTION 6.4(C), the amount of
Capital Expenditures shall be determined on such test date for the period
beginning June 1, 2000 and ending on such test date.

         (n) EXHIBIT A to the Credit Agreement is hereby deleted therefrom and
the attached EXHIBIT A is hereby substituted therefor.

         3. CONDITIONS OF EFFECTIVENESS. This Amendment shall become effective
and be deemed effective as of the date hereof (the "Effective Date") if, and
only if, the Agent shall have received each of the following:

                  (a) four (4) duly executed originals of this Amendment from
         the Borrower, the Agent and the Lenders;

                  (b) an amendment and arrangement fee of $25,000 for the
         ratable benefit of the Lenders;

                  (c) Reaffirmation of Guaranty executed by Fannie May Holdings,
         Inc., Sweet Factory, Inc., Sweet Factory Group, Inc., SF Candy Company
         and SF Properties, Inc.; and

                  (d) written certification from an officer of the Borrower that
         (i) on the Effective Date, no Default or Unmatured Default has occurred
         and is continuing and (ii) execution, delivery and effectiveness of
         this Amendment do not and will not conflict with the terms and
         conditions of the Senior Note Indenture and do not and will not trigger
         an "Event of Default" under the Senior Note Indenture.

      4. REPRESENTATIONS AND WARRANTIES OF THE BORROWER.

         4.1 The Borrower represents and warrants as of the date hereof that:

         (a) Its execution, delivery and performance of this Amendment are
      within its corporate powers, have been duly authorized by all necessary
      corporate action and do not require any consent or approval which has not
      been obtained and

         (b) This Amendment and the Credit Agreement as amended hereby are its
      legal, valid and binding obligations, enforceable in accordance with their
      respective terms, except as

                                       4

<PAGE>

      enforcement may be limited by bankruptcy, insolvency, reorganization,
      moratorium or similar laws affecting creditors' rights generally or by
      general equitable principles.

         4.2 The Borrower affirms that the representations and warranties
contained in the Credit Agreement are true and correct as of the Effective Date.

         4.3 The Borrower affirms that each of the Collateral Documents is in
full force and effect as of the date hereof and that the Collateral Documents
secure the payment in full of the Secured Obligations as such Secured
Obligations may increase as a result of this Amendment No. 5.

      5. REFERENCE TO AND EFFECT ON THE CREDIT AGREEMENT.

         5.1 Upon the effectiveness of this Amendment pursuant to SECTION 3
hereof, on and after the Effective Date each reference in the Credit Agreement
to "this Agreement," "hereunder," "hereof," "herein" or words of like import and
each reference to the Credit Agreement in each Loan Document shall mean and be a
reference to the Credit Agreement as modified hereby.

         5.2 Except as specifically waived or amended herein, all of the terms,
conditions and covenants of the Credit Agreement and the other Loan Documents
shall remain in full force and effect and are hereby ratified and confirmed.

         5.3 The execution, delivery and effectiveness of this Amendment shall
not, except as expressly provided herein, operate as a waiver of (a) any right,
power or remedy of any Lender or the Agent under the Credit Agreement or any of
the Loan Documents, or (b) any Default or Unmatured Default under the Credit
Agreement.

         6. CHOICE OF LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
THE INTERNAL LAWS (INCLUDING 735 ILCS 105/5-1 ET SEQ. BUT OTHERWISE WITHOUT
REGARD TO THE CONFLICT OF LAWS PROVISIONS) OF THE STATE OF ILLINOIS, BUT GIVING
EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

         7. COUNTERPARTS. This Amendment may be executed in any number of
counterparts, each of which when so executed shall be deemed an original and all
of which taken together shall constitute one and the same agreement.

         8. HEADINGS. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

                THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK

                                       5

<PAGE>

         IN WITNESS WHEREOF, the Borrower, the Agent and the Lenders have
executed this Amendment No. 5 as of the date first above written.

                              ARCHIBALD CANDY CORPORATION

                              By:      /s/ Ted A. Shepherd
                                  ----------------------------------------------
                              Name:    Ted A. Shepherd
                              Title:   President and Chief Executive Officer

                              BANK ONE, NA, formerly known as The First National
                              Bank of Chicago, individually and as Agent

                              By:      /s/ Diane M. Faunda
                                  ----------------------------------------------
                              Name:    Diane M. Faunda
                              Title:   Vice President

                              FLEET BUSINESS CREDIT CORPORATION, formerly
                              known as Sanwa Business Credit Corporation

                              By:      /s/ Donald A. Mastro
                                  ----------------------------------------------
                              Name:    Donald A. Mastro
                              Title:   Vice President

Agreed and acknowledged
this 25th day of July, 2000

BANK ONE CANADA, formerly
known as First Chicago NBD Bank,
Canada

By:      /s/ Paul O. Morrissey
     --------------------------------
Name:    Paul O. Morrissey
Title:   Executive Vice President

<PAGE>

                                    EXHIBIT A

                                       TO

                      AMENDED AND RESTATED CREDIT AGREEMENT

                                Loan Commitments

REVOLVING LOAN COMMITMENTS
<TABLE>
<CAPTION>
Lender                                   Amount of Revolving Loan    % of Revolving Loan
                                         Commitment                  Commitment
----------------------------------------------------------------------------------------
<S>                                      <C>                          <C>
Bank One, NA, formerly                    10,000,000                   50%
known as The First National
Bank of Chicago
----------------------------------------------------------------------------------------
Fleet Business Credit                    $10,000,000                   50%
Corporation
----------------------------------------------------------------------------------------
TOTAL                                    $20,000,000                  100%
-----
----------------------------------------------------------------------------------------
</TABLE><PAGE>

                                     WAIVER

                  This WAIVER with respect to that certain CREDIT AGREEMENT
("Waiver") is made as of July 10, 2000 by and among Archibald Candy (Canada)
Corporation (the "Borrower") and Bank One Canada (formerly known as First
Chicago NBD Bank, Canada) (the "Lender"). Defined terms used herein and not
otherwise defined herein shall have the meaning given to them in the Credit
Agreement.

                                   WITNESSETH

                  WHEREAS, the Borrower and the Lender are parties to that
certain Credit Agreement, dated as of July 30, 1999, as amended (the "Credit
Agreement);

                  WHEREAS, the Borrower's affiliate, Archibald Candy
Corporation, Bank One, NA and Fleet Business Credit Corporation are parties to
that certain Amended and Restated Credit Agreement dated as of July 2, 1997, as
amended (the "U.S. Credit Agreement").

                  WHEREAS, the Borrower has requested that the Lender provide a
waiver under the Credit Agreement with respect to the Borrower's violation of
the covenants set forth in SECTION 6.4 of the U.S. Credit Agreement as
incorporated in the Credit Agreement in SECTION 8.3 thereof for the Fiscal
Quarter ending in May, 2000;

                  WHEREAS, the Lender is willing to provide such a waiver on the
terms and conditions set forth herein;

                  NOW, THEREFORE, in consideration of the premises set forth
above, the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Borrower and the Lender have entered into this Waiver.

         1. WAIVER. Effective as of the date hereof, subject to the satisfaction
of the condition precedent set forth in SECTION 2 below, the Lender hereby
agrees to waive the requirements of SECTION 8.3 of the Credit Agreement for the
Fiscal Quarter ending in May, 2000.

         2. CONDITIONS OF EFFECTIVENESS. This Waiver shall become effective and
be deemed effective as of the date hereof, if, and only if, the Agent shall have
received four (4) duly executed originals of this Waiver from the Borrower and
the Lenders.

         3. REPRESENTATIONS AND WARRANTIES OF THE BORROWERS. The Borrower hereby
represents and warrant as follows:

                  (a) The Credit Agreement as previously executed constitutes
the legal, valid and binding obligation of the Borrower and is enforceable
against the Borrower in accordance with its terms.

<PAGE>

                  (b) Upon the effectiveness of this Waiver, the Borrower hereby
(i) represents that no Default or Unmatured Default exists, (ii) reaffirms all
covenants, representations and warranties made in the Credit Agreement, and
(iii) agrees that all such covenants, representations and warranties shall be
deemed to have been remade as of the effective date of this Waiver.

         4. EFFECT ON THE CREDIT AGREEMENT. The execution, delivery and
effectiveness of this Waiver shall neither, except as expressly provided herein,
operate as a waiver of any right, power or remedy of the Lender, nor constitute
a waiver of any provision of the Credit Agreement or any other documents,
instruments and agreements executed and/or delivered in connection therewith.

         5. COSTS AND EXPENSES. The Borrower agrees to pay all reasonable costs,
fees and out-of-pocket expenses (including attorneys' fees and expenses charged
to the Lender) incurred by the Lender in connection with the preparation,
arrangement, execution and enforcement of this Waiver.

         6. HEADINGS. Section headings in this Waiver are included herein for
convenience of reference only and shall not constitute a part of this Waiver for
any other purpose.

         7. COUNTERPARTS. This Waiver may be executed by one or more of the
parties to the Waiver on any number of separate counterparts and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.

         8. NO STRICT CONSTRUCTION. The parties hereto have participated jointly
in the negotiation and drafting of this Waiver. In the event an ambiguity or
question of intent or interpretation arises, this Waiver shall be construed as
if drafted jointly by the parties hereto and no presumption or burden of proof
shall arise favoring or disfavoring any party by virtue of the authorship of any
provisions of this Waiver.

             The remainder of this page remains intentionally blank.

                                       2

<PAGE>

                  IN WITNESS WHEREOF, this Waiver has been duly executed as of
the day and year first above written.

                                  ARCHIBALD CANDY (CANADA) CORPORATION

                                  By:      /s/ Thomas G. Kasvin
                                      ---------------------------------------
                                  Name:    Thomas G. Kasvin
                                  Title:   Vice President

                                  BANK ONE CANADA, as the Lender

                                  By:      /s/ Randall Taylor
                                      ---------------------------------------
                                  Name:    Randall Taylor
                                  Title:   SVP

                                  BANK ONE, NA, formerly
                                  known as The First National
                                  Bank of Chicago,
                                  individually and as Agent

                                  By:      /s/ Randall Taylor
                                      ---------------------------------------
                                  Name:    Randall Taylor
                                  Title:   SVP

                                  FLEET BUSINESS CREDIT CORPORATION,
                                  formerly known as Sanwa
                                  Business Credit Corporation

                                  By:      /s/ Donald A. Mastro
                                      ---------------------------------------
                                  Name:    Donald A. Mastro
                                  Title:   Vice President

                                   Signature Page to Waiver dated July 10, 2000

                                       3

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