Document:

<PAGE>
                                                                 Exhibit 10.32.1

UNITED STATES BANKRUPTCY COURT
FOR THE EASTERN DISTRICT OF NEW YORK

------------------------------------------
                                          )
IN RE:                                    )    CHAPTER 11
                                          )
INTERNATIONAL TOTAL SERVICES,             )    CASE NOS. 101-21812,21818,21820,
INC., ET AL.,                             )    21822, 21824, 21826, AND 21827
                                          )    JOINTLY ADMINISTERED
 DEBTORS AND DEBTORS-IN-POSSESSION.       )
                                          )    JUDGE DUBERSTEIN
------------------------------------------

                  NINTH STIPULATION MODIFYING AND AMENDING THE
            FINAL ORDER AUTHORIZING FINANCING AND LIMITED USE OF CASH
          COLLATERAL, GRANTING SENIOR LIENS AND PRIORITY ADMINISTRATIVE
                EXPENSE STATUS, AND MODIFYING THE AUTOMATIC STAY
                ------------------------------------------------

         Bank One, N.A., for itself and as agent for Bank One, N.A. and The
Provident Bank (together, the "Bank Group"), International Total Services, Inc.
("ITS"), for itself as debtor and debtor-in-possession and on behalf of its
affiliated debtors and debtors-in-possession (collectively, including ITS, the
"Debtors"), and the Official Committee of Unsecured Creditors (the "Committee"),
each by its respective counsel, hereby enter into this Stipulation based upon
the following facts:

         A. The Debtors are engaged in the business of (1) providing commercial
security services in the United States and Europe (the "Commercial Security
Division") and (2) providing airport service personnel and staffing and training
services in the United States (the "Aviation Division") and (by virtue of ITS's
ownership of International Total Services, Ltd. (United Kingdom)) in the United
Kingdom (the "UK Division").

         B. On or about October 25, 2001, this Court entered its "Final Order
Authorizing Financing and Limited Use of Cash Collateral . . ." (the "Final
Order"). The Final Order provides, among other things, for the limited use of
cash collateral by ITS and for the extension

<PAGE>

of post-petition secured credit by the Bank Group, subject to various terms and
conditions, including Paragraph 6(c) thereof, which (on October 25, 2001) read
as follows:

                           (c) Provided that (i) during the Period no Event of
                  Default (as hereinafter defined) has occurred and is
                  continuing, and (ii) (A) on or prior to November 5, 2001, the
                  Debtors execute a definitive agreement for the purchase and
                  sale of substantially all of the Debtors' assets, or a portion
                  thereof, that is acceptable to Lender (such agreement, the
                  "Purchase Agreement") and (B) on or prior to November 5, 2001,
                  the Debtors file a motion pursuant to 11 U.S.C. Sections 363
                  and 365, and other applicable law, seeking approval of the
                  Purchase Agreement and authority to sell such assets and
                  assign any related contracts, in accordance with the terms and
                  conditions set forth in the Purchase Agreement (the "Sale
                  Motion"), or (C), in the alternative to ([A]) and ([B]) above,
                  on or prior to November 5, 2001, the Debtors file a motion
                  pursuant to 11 U.S.C. Sections 363 and 365, and other
                  applicable law, seeking authority to sell all of the Debtor's
                  assets, or any portion thereof, to the prevailing bidder(s) at
                  an auction and sale hearing to be conducted by the Court (the
                  "Stand Alone Sale Motion"), (iv) [sic: (iii)] on or prior to
                  December 12, 2001, the Court enters a final order approving
                  the Sale Motion or the Stand Alone Sale Motion, and (v) [sic:
                  (iv)] during the Period no material adverse changes occur in
                  respect of the Debtor's financial condition or business
                  (including, but not limited to, no termination of any material
                  agreements, contracts or other business relationships between
                  the Debtors and any of their customers has occurred, and no
                  material loss of the Debtor's employees, executives, or
                  directors has occurred), then the Debtor is authorized to
                  continue post-petition borrowings from Lender pursuant to the
                  Credit Agreements, and Lender agrees to lend pursuant to the
                  Operating Budget, through and including December 14, 2001. In
                  addition to the foregoing, interest shall continue to accrue
                  on the unpaid principal amount of the Revolving Loan, and
                  shall be paid to Lender in such amounts and at such times as
                  are or may be set forth in the Operating Budget (or Budgets,
                  as defined below).

(Final Order, at Paragraph 6(c).)

         C. The Debtors received written offers or expressions of interest for
the purchase of the Commercial Security Division and for purchase of the
Aviation Division and UK Division.

                                       2
<PAGE>

Therefore, the Debtors, the Committee, and the Bank Group entered into a
"Stipulation Modifying and Amending the Final Order Authorizing Financing ...",
which was approved by the Court on or about November 5, 2001 (the "First
Stipulation"). Pursuant to the First Stipulation, and subject to certain
conditions set forth more fully therein, (1) subparagraph 6(c)(ii)(C) of the
Final Order was modified to provide: (a) that the Debtors shall file a motion by
not later than November 6, 2001, pursuant to 11 U.S.C. Sections 363 and 365, and
other applicable law, to sell all of the Debtor's assets (and assign any related
contracts) used and useable in connection with the Commercial Security Division,
only (collectively, the "Commercial Security Division Assets"); and, (b) that
the period by which the Debtors must file a motion or motions to sell all of the
Debtor's other assets (and assign any related contracts) (i.e., excluding the
Commercial Security Division Assets), including, but not limited to, all of
their assets (and any related contracts) used and useable in connection with the
Aviation Division and the UK Division (collectively, the "Other Assets"), was
extended from November 5, 2001, until and including November 12, 2001, and (2)
subparagraph 6(c)(iv)[sic: (iii)] of the Final Order was modified to provide
that the Debtors shall have until and including December 12, 2001, to obtain
entry of final orders approving both such motions.

         D. Thereafter, the Debtors, the Committee and the Bank Group entered
into a "Second Stipulation Modifying and Amending the Final Order Authorizing
Financing ...", which was approved by the Court on or about November 19, 2001
(the "Second Stipulation"), a "Third Stipulation ...", which was approved by the
Court on or about December 4, 2001 (the "Third Stipulation"), a "Fourth
Stipulation ...", which was approved by the Court on or about December 12, 2001
(the "Fourth Stipulation"), a "Fifth Stipulation ...", which was approved by the
Court

                                       3
<PAGE>

on December 14, 2001 (the "Fifth Stipulation"), a "Sixth Stipulation . . .",
which was approved by the Court on or about December 21, 2001, whereby, among
other things, Paragraph (6)(c)(ii)(C) of the Final Order was further modified to
provide that the Debtors have until and including December 28, of 2001, by which
to file with this Court a motion or motions to sell the Other Assets, a "Seventh
Stipulation ...," which was approved by the Court on or about January 8, 2002,
whereby among other things the Final Order was extended until January 31, 2002,
and an "Eighth Stipulation ...," which was approved by the Court on or about
January 24, 2002, whereby, among other things, Paragraph 3 was modified to
authorize the Debtor to Borrow for a limited period of time $31,000,000.00. (The
First Stipulation, Second Stipulation, Third Stipulation, Fourth Stipulation,
Fifth Stipulation, Sixth Stipulation, Seventh Stipulation and Eighth Stipulation
are referred to below collectively as the "Stipulations".)

         E. After consultation with the Bank Group and the Committee, on
December 18, 2001, the Debtors withdrew the motion they had filed to sell the
Commercial Security Division Assets.

         F. Pursuant to the Sixth Stipulation, the Debtors and the Bank Group
agreed that the periods set forth in the Final Order (as modified by the
Stipulations), by which the Debtors (1) must file a motion or motions to sell
the Commercial Security Division Assets and the Other Assets, and (2) must
obtain entry of an order or orders of the Court approving such motions, be
further extended, until and including December 28, 2001. Pursuant to the Seventh
Stipulation, these provisions in the Final Order (as modified by the
Stipulations) were deleted from the Final Order.

         G.       The Final Order also provides as follows:

                                       4
<PAGE>

                  The Debtor is hereby authorized and empowered for the period
                  ending on December 14, 2001 (the "PERIOD"), to borrow from
                  Lender ... .

 (Final Order at Paragraph 3.) Pursuant to the Fifth Stipulation, the Period was
enlarged from December 14, 2001 until and including December 19, 2001. Pursuant
to the Sixth Stipulation the Period was further enlarged from December 19, 2001
until and including December 28, 2001. Pursuant to the Seventh Stipulation, the
Period was further enlarged from December 28, 2002 until and including January
31, 2002.

         H.       The Debtors have requested that the Period be further
                  enlarged, until and including February 28, 2002.

         I.       The Final Order as amended by the Seventh Stipulation also
                  provides as follows:

                  Notwithstanding the preceding sentence, the post-petition
                  liens and security interests granted to Lender in this
                  Financing Order shall be subject and subordinate to, and only
                  to, (i) the reasonable fees and expenses of professional
                  persons employed in these Chapter 11 cases pursuant to
                  Sections 327(a) or 1103 of the Code ("PROFESSIONAL PERSONS"),
                  as allowed by the Court pursuant to Sections 330(a) and 331 of
                  the Code ("PROFESSIONAL FEES") [provided that (A) such
                  Professional Fees shall not include fees and expenses claimed
                  for the purposes of asserting a claim or cause of action (if
                  any) against Lender, challenging Lender's claim against the
                  Debtors, or challenging the validity, extent, perfection or
                  priority of any of Lender's liens or security interests in any
                  of the Collateral (including any Pre-Petition Collateral) or
                  in any other property of the Debtors or their respective
                  estates (if any), but shall include the Professional Fees of
                  the Committee for investigating any challenges to the
                  validity, extent, perfection and priority of the liens and
                  claims of the Lender and investigating any potential claims
                  and causes of actions against the Lender, and that (B) such
                  fees and expenses are incurred prior to an Event of Default
                  (defined below)], not exceeding $645,000.00 for the
                  Professional Persons retained by the Debtors and $245,000.00
                  for the Professional Persons retained by the Committee, plus
                  (ii) the quarterly fees of the United States Trustee's Office
                  pursuant to 28 U.S.C. Section 1930 (the "UST Fees"). (The UST
                  Fees and the Professional Fees are referred to collectively
                  below as the "EXCEPTED EXPENSES.")

         J.       The Debtor and the Committee have requested the Lender to
                  increase, and the

                                       5
<PAGE>

                  Final Order to provide, the amount of the aggregate
                  Professional Fees payable from the Lender's collateral to
                  $845,000 from $645,000 for the Professional Persons retained
                  by the Debtor for the Professional Fees incurred through and
                  including February 28, 2002, and to $290,000.00 from
                  $245,000.00 for the Professional Persons retained by the
                  Committee for Professional Fees incurred through and including
                  February 28, 2002.

         K.       The Committee has requested that the period set forth in
                  Paragraph H.(II) of the Fourth Stipulation (as such period was
                  extended by the Seventh Stipulation), during which the
                  Committee may file a "Complaint" under Paragraph 35 of the
                  Final Order (only as to the matters set forth in Paragraph
                  H.(II) of the Fourth Stipulation) be further extended, from
                  February 28, 2001, until and including March 31, 2002.

         L.       The Debtors have requested that the Final Order be modified so
as to provide that the total principal amount of Indebtedness owed to the Bank
Group by ITS at any time inclusive of the principal portion of the Pre-Petition
Debt, shall not exceed the aggregate total of $30,750,000, and that the
reference to "$30,000,000" on page 2 of the Final Order and in the first
sentence of Paragraph 3 of the Final Order (as modified) be changed to
"$30,750,000" for and during the Period as enlarged herein for the purpose of
the Bank Group issuing for the account of the Debtors certain letters of credit
(or extending to or for the account of the Debtors any equivalent credit
accommodation to which the Debtors and the Bank Group hereafter may agree) in
the face amount of $750,000.00 (to secure customs bonds for the Debtors'
Aviation Division operations in Atlanta and Philadelphia);

                                       6
<PAGE>

         Based upon the foregoing, the Debtors, the Bank Group, and the
Committee hereby agree, subject to the approval of this Court, that:

         (I)      The Period, as defined in Paragraph 3 of the Final Order, is
                  hereby deemed enlarged until and including February 28, 2002.
                  Accordingly, all references to "January 31, 2001" in the first
                  sentence of Paragraph 3, in Paragraph 6(a), and in Paragraph
                  6(c) of the Final Order (each as modified by the Stipulations)
                  are hereby changed to "February 28, 2002";

         (II)     The period set forth in Paragraph H.(II) of the Fourth
                  Stipulation, during which the Committee may file a "Complaint"
                  (as that term is defined in the Final Order) under Paragraph
                  35 of the Final Order (only as to the matters set forth in
                  Paragraph H.(II) of the Fourth Stipulation) is hereby extended
                  from February 28, 2002, until and including, March 31, 2002.

         (III)    The total amount of Professional Fees payable from the
                  Lender's collateral is increased to $845,000.00 from
                  $645,000.00 for the Professional Fees incurred through and
                  including February 28, 2002 for the Professional Persons
                  retained by the Debtors, and to $290,000 from $245,000.00 for
                  the Professional Persons retained by the Committee for
                  Professional Fees incurred through and including February 28,
                  2002.

         (IV)     On page 2 of the Final Order and in the first sentence of
                  Paragraph 3 of the Final Order, the references to
                  "$30,000,000" are hereby changed to "$30,750,000"; for and
                  during the Period for the purpose of the Bank Group issuing
                  for the account of the Debtors certain letters of credit (or
                  extending to or for the account of the Debtors any equivalent
                  credit accommodation to which the Debtors and the Bank Group
                  hereafter may agree) in the face amount of $750,000.00 (to
                  secure customs bonds for the Debtors' Aviation Division
                  operations in Atlanta and Philadelphia); and

         (V)      Except as (and only to the extent) expressly modified hereby,
                  the Final Order (including, but not limited to, Paragraph 6(c)
                  thereof), as modified by the Stipulations, shall, and hereby
                  does, remain unchanged and in full force and effect.

         IT IS SO ORDERED, this _24_ day of January, 2002.

         Brooklyn, New York

                                      ------------------------------------
                                      UNITED STATES BANKRUPTCY JUDGE

                                       7
<PAGE>

APPROVED AND AGREED TO:

/s/ Mitchell I. Sonkin_____
MITCHELL I. SONKIN, ESQ.  (MS5902)
LAWRENCE A. LAROSE, ESQ. (LL2252)
SCOTT ECKAS (SE7479)
KING & SPALDING
1185 Avenue of the Americas
New York, NY 10036-4003
(212) 556-2222
Bankruptcy Attorneys for the Debtors and Debtors-in-Possession

APPROVED AND AGREED TO:

/s/ Harry W. Greenfield______
HARRY W. GREENFIELD, ESQ.  (0003839)
JEFFREY C. TOOLE, ESQ.  (0064688)
BUCKLEY KING & BLUSO
1400 Bank One Center
Cleveland, Ohio  44114-2652
(216) 363-1400

                  - and -

LEE S. ATTANASIO, ESQ.  (LA3054)
SIDLEY AUSTIN BROWN & WOOD
875 Third Avenue New York, New York 10022
(212) 906-2000
Attorneys for Bank One, N.A. and The Provident Bank
(the "Bank Group")

APPROVED AND AGREED TO:

/s/ Martin G. Bunin__________
MARTIN G. BUNIN (MB 1602)
CRAIG E. FREEMAN (CF 5085)
THELEN REID & PRIEST LLP
40 West 57th Street
New York, New York 10019
(212) 603-2000
Attorneys for the Official Committee of
Unsecured Creditors (the "Committee")

                                       8
<PAGE>

APPROVED AND AGREED TO:

INTERNATIONAL TOTAL SERVICES, LTD.

By: /s/ Mark Thompson
   ------------------
Its: CEO
    ----

APPROVED AND AGREED TO:

INTERNATIONAL TRANSPORT SECURITY, s.T.o.

By: /s/ Mark Thompson
---------------------
Its: CEO
    ----

APPROVED AND AGREED TO:

INTERNATIONAL TRANSPORT SERVICES, LTD.

By: /s/ Mark Thompson
---------------------
Its: CEO
    ----

                                       9<PAGE>
                                                                     Exhibit 4.2

                       FIFTH AMENDMENT TO CREDIT AGREEMENT
                       -----------------------------------

         THIS FIFTH AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated as
of February 11, 2002 (the "Fifth Amendment Effective Date"), is by and among
CORRPRO COMPANIES, INC., an Ohio corporation (the "Company"), CSI COATING
SYSTEMS INC. (the "Canadian Borrower" and, together with the Company, the
"Borrowers"), the lenders set forth on the signature pages hereof (collectively,
the "Lenders") and BANK ONE, MICHIGAN, a Michigan banking corporation, as agent
for the Lenders (in such capacity, the "Agent").

                                    RECITALS

         A. The Borrowers, the Agent and the Lenders are parties to an Amended
and Restated Credit Agreement dated as of June 9, 2000 (as now and hereafter
amended, the "Credit Agreement"), pursuant to which the Lenders agreed, subject
to the terms and conditions thereof, to extend credit to the Borrowers.

         B. The Credit Agreement was amended by a First Amendment to Credit
Agreement dated as of October 19, 2000 (the "First Amendment") among the
Borrowers, the Lenders and the Agent, pursuant to which the parties agreed to
modify certain terms and conditions of the extension of credit to the Borrowers.

         C. Prior to May 29, 2001, certain Defaults occurred under the Credit
Agreement due to breaches of Sections 6.19.1 and 6.19.2 of the Credit Agreement
as of the fiscal quarter ending March 31, 2001 (the "Existing Defaults"). Based
upon the request of the Borrowers and the Guarantors, the Agent and the Lenders
temporarily waived the Existing Defaults subject to the terms and conditions set
forth in a certain letter dated May 29, 2001 (the "Waiver Letter").

         D. Prior to the expiration of the temporary waiver set forth in the
Waiver Letter, the Borrowers requested, notwithstanding the occurrence of the
Existing Defaults, that the Agent and the Lenders (i) continue to advance
Revolving Credit Loans to the Borrowers under certain modified terms and
conditions of lending, (ii) extend the waiver of the Existing Defaults and (iii)
forbear from exercising remedies available under the Loan Documents or at law or
in equity, all in order to (a) permit the Borrowers to develop and implement a
business plan and financial strategy to improve their business operations and
financial condition and (b) permit the Borrowers to develop and implement a
potential financial restructuring plan and strategy that would address, inter
alia, repayment of the indebtedness owed to the Lenders. Pursuant to such
request, the Credit Agreement was further amended by a Second Amendment to
Credit Agreement dated as of June 29, 2001 (the "Second Amendment") among the
Borrowers, the Lenders and the Agent. The Second Amendment, among other things,
granted to the Borrowers a "Restructuring Period" during which the Borrowers
would be permitted to develop and implement their business improvement and
financial restructuring plan.

         E. Prior to August 10, 2001, the Borrowers requested that the Agent and
the Lenders extend the Facility Termination Date and agree to certain other
modifications to the provisions of the Credit Agreement. Pursuant to such
request, the Credit Agreement was further amended by a Third Amendment to Credit
Agreement dated as of August 10, 2001 (the "Third Amendment") among the
Borrowers, the Lenders and the Agent.

         F. Prior to November 12, 2001, the Borrowers requested that the Agent
and the Lenders further extend the Facility Termination Date, extend the
expiration date of the Restructuring Period and agree to certain other
modifications to the provisions of the Credit Agreement. Pursuant to such
request,

<PAGE>

the Credit Agreement was further amended by a Fourth Amendment to Credit
Agreement dated as of November 12, 2001 (the "Fourth Amendment") among the
Borrowers, the Lenders and the Agent.

         G. The Credit Agreement (as modified by the First Amendment, the Second
Amendment, the Third Amendment and the Fourth Amendment), all promissory notes
executed by either Borrower in favor of the Agent and/or the Lenders, and any
and all of the Collateral Documents executed by any Loan Party (including
without limitation all Security Agreements, Mortgages, Guaranties, pledges of
stock and other instruments, documents or agreements of any kind evidencing or
securing the indebtedness of either Borrower in favor of the Lenders) are
sometimes referred to collectively as the "Loan Documents."

         H. The Borrowers have requested that the Agent and the Lenders further
extend the Facility Termination Date and further extend the expiration date of
the Restructuring Period (referred to in this Amendment as the "Improvement
Period"). Additionally, the Borrowers have requested that the Agent and the
Lenders continue to permit the Borrowers to develop and implement their business
improvement and financial restructuring plan under the terms and conditions set
forth in this Amendment.

         I. Based upon the foregoing recitals, and without waiving any existing
or future rights or remedies which the Agent and/or the Lenders may have against
the Borrowers or any Guarantor, the Agent and the Lenders are willing to amend
the terms of the Credit Agreement (including the Second Amendment, the Third
Amendment and the Fourth Amendment) under the terms and conditions expressly set
forth herein.

                                      TERMS

         In consideration of the premises and of the mutual agreements herein
contained, the parties agree as follows:

                                   ARTICLE 1.
                        PROVISIONS FOR IMPROVEMENT PERIOD
                        ---------------------------------

         1.1 AFFIRMATION OF RECITALS. The Borrowers and the Guarantors hereby
acknowledge and affirm the accuracy of the foregoing recitals.

         1.2 IMPROVEMENT PERIOD CONDITIONS. Section 1.3 of the Second Amendment
set forth certain "restructuring conditions" governing the Borrowers'
implementation of their business improvement and financial restructuring plan.
Such "restructuring conditions" were amended and restated in Section 1.2 of the
Third Amendment and Section 1.2 of the Fourth Amendment, and are hereby further
amended and restated in their entirety as set forth below in this Section 1.2.
Nothing contained herein, however, shall be deemed to modify or retract the
terms and conditions that were applicable under the Second Amendment, the Third
Amendment and/or the Fourth Amendment during the period from and including the
Second Amendment Effective Date through and including the date immediately
preceding the Fifth Amendment Effective Date. All actions performed by or on
behalf of the Borrowers during such period in furtherance of their obligations
under the Second Amendment, the Third Amendment and/or the Fourth Amendment are
hereby confirmed and ratified, and the Agent and the Lenders shall be entitled
to retain the full benefit of such performance. There shall be no disgorgement,
refund or rescission with respect to any payment made by or on behalf of the
Borrowers and received by the Agent or the Lenders pursuant to the terms of the
Second Amendment, the Third Amendment and/or the Fourth Amendment. Except to the
extent expressly modified by the terms set forth below, each of the terms and
conditions set forth in the Second Amendment, the Third Amendment and/or the
Fourth Amendment is hereby confirmed and

                                       2
<PAGE>

ratified and shall remain in full force and effect as provided therein. From and
after the Fifth Amendment Effective Date, subject to strict compliance with the
terms and conditions set forth herein, the Lenders agree to forbear from
enforcing their rights and remedies based on the Existing Defaults while the
Borrowers and their consultants continue to develop and implement their plan for
improvement of the Borrowers' business and financial condition, provided that
(i) the Lenders' waiver of the Existing Defaults shall be solely in accordance
with the terms and conditions set forth in the Second Amendment, the Third
Amendment and the Fourth Amendment (as modified herein) and (ii) such agreement
to forbear shall not create a waiver of the right of the Agent or the Lenders,
upon the occurrence of a default hereunder or a Default (other than the Existing
Defaults) under the Loan Documents, to enforce available rights and remedies at
any time, in their sole discretion, in accordance with the Credit Agreement (as
previously modified and as modified herein) and the other Loan Documents. Absent
an earlier default hereunder or Default (other than the Existing Defaults) under
the Loan Documents, the period during which the Lenders shall forbear is from
the Second Amendment Effective Date through May 31, 2002 (the "Improvement
Period"). The Lenders' forbearance shall be governed by and subject to the
following terms and conditions:

                           a. The Borrowers shall keep the Agent, the Lenders
                  and their consultants apprised of the Borrowers' business and
                  financial operations and of any material discussions and
                  negotiations (other than discussions or negotiations in the
                  ordinary course of the Borrowers' business) pertaining to
                  lessors, vendors, suppliers, customers, other creditors, joint
                  venture partners or potential purchasers of any business
                  segments or significant assets of any Borrowers. Reports on
                  such matters shall be provided periodically and not less
                  frequently than monthly.

                           b. Notwithstanding any prior practice, the Borrowers
                  shall strictly comply with the financial reporting
                  requirements under the Loan Documents, as modified herein. In
                  addition to the reporting requirements set forth in Section
                  6.1 of the Credit Agreement (as modified herein), (i) not
                  later than Wednesday of each week during the Improvement
                  Period, the Borrowers and their financial advisors will
                  deliver to the Agent and the Lenders, in form and detail
                  satisfactory to the Agent, weekly updates to the detailed
                  13-week rolling cash flow forecast as required under Section
                  4.4 of this Amendment; (ii) not later than the twentieth
                  (20th) day of each month during the Improvement Period, the
                  Borrowers and their financial advisors will deliver to the
                  Agent and the Lenders, in form and detail satisfactory to the
                  Agent, (x) a summary of agings of accounts payable and
                  accounts receivable for the Borrowers as of the end of the
                  prior month, (y) a duly-executed Borrowing Base Certificate as
                  of the last Business Day of the prior month, together with
                  supporting information as required by the Credit Agreement,
                  and (z) a duly-executed Compliance Certificate with respect to
                  the cash flow restrictions set forth in subparagraph f below;
                  (iii) the Company shall, immediately upon receipt thereof,
                  deliver to the Agent copies of any correspondence, letters of
                  intent, agreements or similar documents pertaining in any
                  manner to any proposed sale or other disposition of any assets
                  of the Company or its Subsidiaries other than in the ordinary
                  course of business; and (iv) the Company shall provide to the
                  Agent, within five (5) business days following any request by
                  the Agent, a current listing of correct names and addresses of
                  account debtors (together with periodic updates to such
                  listing upon request by the Agent). If requested by the Agent,
                  the Borrowers promptly shall provide detailed backup for the
                  monthly summary of agings of accounts payable and accounts
                  receivable.

                           c. The Borrowers shall pay when due all amounts owed
                  to the Agent and the Lenders under the Loan Documents.

                                       3
<PAGE>

                           d. The aggregate outstanding amount of the Revolving
                  Credit Loans, together with the face amount of any Facility
                  LCs, shall not exceed the maximum amount described in Article
                  2 of the Second Amendment (as modified by Section 2.3 of the
                  Fourth Amendment).

                           e. All representations and warranties made by the
                  Borrowers under the Second Amendment, the Third Amendment, the
                  Fourth Amendment, and under this Amendment, shall be true and
                  correct.

                           f.       (i) There shall be no change having a
                  Material Adverse Effect on the financial performance or
                  condition of the Borrowers as compared with the projections
                  submitted to and approved by the Agent and the Lenders in the
                  Accepted Forecast pursuant to Section 4.4 of this Amendment.

                                    (ii) For each "Measuring Period" (defined
                  below) during the Improvement Period, the actual cumulative
                  "Net Cash Flow" (defined below) of the Company and its
                  domestic Subsidiaries on a consolidated basis during such
                  Measuring Period shall equal or exceed the projected
                  cumulative Net Cash Flow for such Measuring Period as set
                  forth in the Accepted Forecast, within a negative variance of
                  $1,500,000 for each Measuring Period. The term "Net Cash Flow"
                  shall mean the excess (if any) of the consolidated aggregate
                  cash receipts of the Company and its domestic Subsidiaries
                  during the relevant period (excluding (a) any advances of
                  Loans under the Credit Agreement and (b) the amount of Net
                  Cash Proceeds generated by any transaction and distributed to
                  the Lenders as required by the Credit Agreement) compared to
                  the consolidated aggregate cash disbursements of the Company
                  and its domestic Subsidiaries during such period for operating
                  expenses, taxes and debt service (but excluding principal
                  repayments and interest payments to the Lenders and to the
                  Noteholders), all as shown on the reports required pursuant to
                  Section 4.4 of this Amendment and prepared in a manner
                  consistent with the presentation set forth in the Accepted
                  Forecast. The cumulative Net Cash Flow of the Company and its
                  domestic Subsidiaries shall be measured as of the end of each
                  calendar month, for the cumulative period commencing July 1,
                  2001 and ending on the last day of each successive month (each
                  a "Measuring Period") (i.e., the first Measuring Period shall
                  be a one-month period commencing July 1, 2001 and ending July
                  31, 2001, the second Measuring Period shall be a two-month
                  period commencing July 1, 2001 and ending August 31, 2001,
                  etc.).

                                    (iii) The Borrowers shall not, absent the
                  prior written consent of the Required Lenders, (a) disburse
                  any funds for purposes other than those set forth in the
                  Accepted Forecast or (b) disburse any funds in an amount that
                  would cause a violation of the net cash flow restrictions set
                  forth above, and shall not in any event disburse any funds in
                  a manner inconsistent with any other restrictions set forth in
                  this Amendment or the Loan Documents.

                           g. The Company will not permit the Consolidated
                  EBITDA of the Company and its Subsidiaries (less the sum of
                  (w) the fee required under subparagraph 1.3t of the Second
                  Amendment, subparagraph 1.2t of the Third Amendment,
                  subparagraph 1.2t of the Fourth Amendment and subparagraph t
                  below, (x) any fee required under the amendment referenced in
                  Section 5.10(g) of the Second Amendment, Section 5.9(h) of the
                  Third Amendment, Section 5.9(h) of the Fourth Amendment and
                  Section 5.9(h) hereof, (y) any fees and disbursements of
                  professionals retained by the Agent, the Lenders or the
                  Noteholders for which the Company is responsible to reimburse
                  the Agent or the Lenders

                                       4
<PAGE>

                  and (z) any fees and disbursements incurred by the Company
                  during the Improvement Period, up to a maximum of $500,000, to
                  any lawyer or consultant referenced in subparagraph q below)
                  to be less than (i) $6,687,000 for the four consecutive fiscal
                  quarters ending June 30, 2001, (ii) $8,628,000 for the four
                  consecutive fiscal quarters ending September 30, 2001, (iii)
                  $8,860,000 for the four consecutive fiscal quarters ending
                  December 31, 2001, (iv) $14,598,000 for the four consecutive
                  fiscal quarters ending March 31, 2002, (v) $15,372,900 for the
                  four consecutive fiscal quarters ending June 30, 2002, (vi)
                  $15,402,000 for the four consecutive fiscal quarters ending
                  September 30, 2002 or (vii) $15,935,000 for the four
                  consecutive fiscal quarters ending December 31, 2002.

                           h. No action or proceeding shall be commenced against
                  any Borrower that would, if adversely determined, cause a
                  Material Adverse Effect or prevent, impair or delay the
                  completion of the Borrowers' business improvement plan. With
                  respect to those actions or proceedings currently pending (as
                  listed on Schedule 1.2h hereof), there shall be no event that
                  would cause a Material Adverse Effect or prevent, impair or
                  delay the completion of the Borrowers' business improvement
                  plan.

                           i. Absent prior approval on behalf of the Agent and
                  the Lenders, no Borrower shall (i) file with any bankruptcy
                  court or be the subject of any petition under title 11 of the
                  United States Code (the "Bankruptcy Code"), (ii) be the
                  subject of any order for relief issued under the Bankruptcy
                  Code, (iii) file or be the subject of any petition seeking any
                  liquidation, reorganization, adjustment, protection,
                  arrangement, composition, dissolution or similar relief under
                  any present or future federal or state act or law relating to
                  bankruptcy, insolvency, reorganization or other relief for
                  debtors, (iv) have sought or consented to or acquiesced in the
                  appointment of any receiver, trustee, conservator, liquidator,
                  custodian or other similar official, or (v) be the subject of
                  any order, judgment or decree entered by any court of
                  competent jurisdiction approving a petition filed against such
                  party for any liquidation, reorganization, adjustment,
                  protection, arrangement, composition, dissolution or similar
                  relief under any present or future federal or state act or law
                  relating to bankruptcy, insolvency, reorganization or other
                  relief for debtors.

                           j. The Agent, the Lenders or their representatives or
                  consultants shall be permitted to conduct field examinations
                  of the Company and its Subsidiaries and audits of any
                  collateral securing the obligations of the Borrowers to the
                  Lenders. The Borrowers shall compensate the Agent or the
                  Lenders for such audits in accordance with the Agent's or each
                  Lender's schedule of fees, as applicable, and as such
                  schedules may be amended from time to time. The foregoing
                  permission to conduct audits shall not restrict or impair the
                  right of the Agent or the Lenders to inspect the collateral
                  and any records pertaining thereto at such times and at such
                  intervals as the Agent or the Required Lenders may require.
                  Further, the Borrowers acknowledge and agree that the Agent,
                  on behalf of itself and the Lenders, reserves the right to
                  engage the services of one or more appraisers to evaluate the
                  properties of the Company and its Subsidiaries. The Borrowers
                  acknowledge their responsibility to reimburse the Agent for
                  the fees and disbursements incurred by such parties in
                  connection with such engagements.

                           k. Neither the Company nor any of its Subsidiaries
                  shall take any action or fail to take any action within its
                  reasonable control that would cause a material adverse change
                  in the ability of the Company and its Subsidiaries to obtain
                  supplies or other assets to continue their operations. Upon
                  the occurrence of any event not within the reasonable control
                  of the Company or its Subsidiaries that would cause a material
                  adverse change in the ability of the Company and its
                  Subsidiaries to obtain supplies or other assets to continue

                                       5
<PAGE>

                  their operations, the Company shall immediately initiate and
                  diligently complete such actions as may be necessary to avoid
                  any impairment or delay in the operations of the Company and
                  its Subsidiaries.

                           l. Notwithstanding anything in the Credit Agreement
                  to the contrary (including without limitation the provisions
                  of Section 6.11 of the Credit Agreement), during the
                  Improvement Period, absent the prior written consent of the
                  Required Lenders, the Company shall not, and shall not permit
                  or cause any of its Subsidiaries to, create, incur, assume or
                  suffer to exist any Indebtedness other than Indebtedness as
                  permitted under subsections 6.11(i), (ii), (iii), (iv), (v),
                  (vii) and (viii) of the Credit Agreement (with respect to
                  clause (vii), only to the extent that such Indebtedness is in
                  existence immediately prior to the Fifth Amendment Effective
                  date as described in Schedule 1.2l, provided that no increase
                  in the amount thereof shall be permitted).

                           m. During the Improvement Period, absent the prior
                  written consent of the Required Lenders, the Company shall
                  not, and shall not permit or cause any of its Subsidiaries to,
                  create, incur or suffer to exist any Lien other than Liens as
                  permitted under Section 6.15 of the Credit Agreement.

                           n. Notwithstanding anything in the Credit Agreement
                  to the contrary (including without limitation the provisions
                  of Section 6.13 of the Credit Agreement), during the
                  Improvement Period, neither the Company nor any of its
                  Subsidiaries shall agree to or consummate the sale,
                  assignment, lease, conveyance, transfer or other disposition
                  of any of its assets, except for (i) sales of inventory in the
                  ordinary course of business, (ii) the disposition in the
                  ordinary course of business of assets no longer required for
                  business operations, provided that such assets shall not have
                  a value exceeding $10,000 per item and $300,000 in the
                  aggregate on a cumulative basis during the Improvement Period,
                  or (iii) the disposition of other assets under terms approved
                  by the Required Lenders as evidenced by the prior written
                  consent of the Agent (provided that such consent shall require
                  the approval of all of the Lenders in the event of any
                  proposed disposition of all or substantially all of the
                  Collateral).

                           o. Notwithstanding anything in the Credit Agreement
                  to the contrary (including without limitation the provisions
                  of Sections 6.12 and 6.14 of the Credit Agreement), during the
                  Improvement Period, absent the consent of the Required
                  Lenders, neither the Company nor any of its Subsidiaries shall
                  agree to or consummate, or make or suffer to exist, any
                  Investment or Acquisition, or extend credit to any other
                  Person, or extend any credit to any other Person, or enter
                  into any merger or consolidation, or enter into any similar
                  business arrangement or combination, except for transactions
                  permitted under subsections 6.14 (i) and (ii) of the Credit
                  Agreement (with respect to clause (ii), only to the extent in
                  existence immediately prior to the Fifth Amendment Effective
                  Date).

                           p. Notwithstanding anything in the Credit Agreement
                  to the contrary, during the Improvement Period neither the
                  Company nor any of its Subsidiaries shall advance any loans or
                  credit to any officer, director, stockholder or other
                  Affiliate of the Company or any of its Subsidiaries, or
                  otherwise enter into any similar transaction (provided that
                  the Company may continue to implement intercompany
                  transactions with its Wholly-Owned Subsidiaries consistent
                  with past practice), nor shall the Company or any of its
                  Subsidiaries forgive or defer any payment of principal or
                  interest with respect to any existing loan or advance to any
                  such officer, director, stockholder or other Affiliate.

                                       6
<PAGE>

                           q. The Borrowers shall continue to engage for at
                  least the duration of the Improvement Period, at the
                  Borrowers' sole cost and expense, one or more financial
                  consultants acceptable to the Agent and the Required Lenders.
                  The scope of the engagement of any financial consultants shall
                  be acceptable to the Agent and the Required Lenders.

                           r. Notwithstanding anything in the Credit Agreement
                  to the contrary (including without limitation the provisions
                  of Sections 6.10 of the Credit Agreement), during the
                  Improvement Period, absent the prior written consent of the
                  Required Lenders, the Company shall not, and shall not permit
                  or cause any of its Subsidiaries to declare or pay any
                  dividends or make any distributions on its Capital Stock or
                  redeem, repurchase or otherwise acquire or retire any of its
                  Capital Stock, provided that any Subsidiary may continue to
                  declare and pay dividends or make distributions to the Company
                  or to a Wholly-Owned Subsidiary consistent with past practice.

                           s. During the Improvement Period, neither the Company
                  nor any of its Subsidiaries shall pay any discretionary bonus
                  or similar compensation award to any of their respective
                  officers or employees except pursuant to a comprehensive plan
                  approved by the Required Lenders. The preceding sentence shall
                  not limit the right of the Company or its Subsidiaries to pay
                  any bonus (i) required under any written employment agreement,
                  incentive plan or similar "guaranteed" bonus plan in existence
                  immediately prior to the Second Amendment Effective Date, (ii)
                  under its annual incentive plan for the fiscal year ending
                  March 31, 2003 (provided that such plan is satisfactory to the
                  Agent) or (iii) negotiated as part of a recruitment "signing
                  bonus" consistent with past practice. Upon request, the
                  Company shall deliver to the Lenders and the Agent copies of
                  any applicable employment agreements, incentive plans or
                  similar "guaranteed" bonus plans.

                           t. Upon execution of this Amendment, the Company
                  shall pay to the Agent, for the benefit of the Lenders, an
                  amendment fee in the amount of $90,000.00.

                           u. Commencing on the Second Amendment Effective Date
                  and thereafter, there shall be no principal payments made to
                  the Noteholders in respect of the Noteholder Obligations
                  unless, simultaneously with the making of any such payment,
                  the Borrowers pay to the Lenders the "Reduction Amount" (as
                  such term is defined in Article 2 of the Second Amendment).
                  Upon payment to the Lenders of the Reduction Amount, the
                  Borrowing Base and the Aggregate Commitments shall be
                  permanently reduced by such amount, which may not be
                  reborrowed.

                           v. Notwithstanding anything in the Credit Agreement
                  to the contrary, the Borrowers shall not, and shall not permit
                  any Subsidiary to, make any Capital Expenditures that exceed
                  in the aggregate for the Borrowers and their Subsidiaries (a)
                  $1,750,000 during the fiscal year ending March 31, 2002, (b)
                  $1,000,000 during the six-month period ending September 30,
                  2002 or (c) $1,300,000 during the nine-month period ending
                  December 31, 2002.

                           w. There shall be no other Default or Unmatured
                  Default under the Credit Agreement (as modified herein) or the
                  other Loan Documents (except for the Existing Defaults
                  expressly acknowledged and waived in this Amendment through
                  the effective date hereof).

Notwithstanding the provisions of this Section 1.2, all indebtedness of the
Borrowers to the Lenders shall be due and payable on demand in the discretion of
the Required Lenders (i) upon any failure of any one or more

                                       7
<PAGE>

of the conditions set forth in this Section 1.2 or (ii) upon expiration or
termination of the Improvement Period as provided in and subject to Section 1.6
hereof. Further, any failure of any one or more of the conditions set forth in
this Section 1.2 shall constitute a Default under the Loan Documents (without
the necessity of any notice or cure period).

         1.3 NO COURSE OF DEALING; REVIEW OF THE BORROWERS' BUSINESS PLAN. The
Borrowers and the Guarantors acknowledge and agree that notwithstanding any
course of dealing between the Borrowers and the Lenders prior to the date
hereof, the Lenders shall have no obligation to make Loans to the Borrowers
outside of the strict conditions and requirements of the Credit Agreement (as
modified herein) nor to forbear from exercising available remedies except as
expressly set forth herein. Notwithstanding any past practice, the Borrowers and
the Guarantors agree that (i) the Agent and the Lenders shall not be obligated
or expected to honor any "overdrafts" or items for which funds of the Borrowers
are not immediately available, and (ii) the Agent and the Lenders shall not be
obligated or expected to provide any credit references on behalf of the
Borrowers, and any inquiries in this regard may be referred back to the
Borrowers or their advisors. The Agent and the Lenders shall be under no
obligation whatsoever to consent to the Borrowers' updated and revised business
plan as the same may be further revised from time to time, and instead the
Agent's and the Lenders' consideration of the Borrowers' updated and revised
business plan shall be undertaken by the Agent and the Lenders in their sole and
absolute discretion. The Agent's and the Lenders' consideration of the
Borrowers' updated and revised business plan shall be without prejudice to (i)
the possibility that the Agent or the Lenders may conclude that such business
plan, as further revised from time to time, does not adequately address the
Borrowers' defaults under the Loan Documents and/or the potential erosion of
collateral supporting the Borrowers' indebtedness to the Lenders, or (ii) the
right of the Agent or the Lenders, in accordance with the terms hereof, to
exercise rights or remedies available due to defaults under the Loan Documents
(as modified herein).

         1.4 DEFAULTS. In addition to any events of default specified in the
Loan Documents, the following shall constitute a Default under this Amendment
and under the Loan Documents:

                  a. Any Borrower or any Guarantor shall fail to comply with,
perform or observe any term, condition, covenant or agreement set forth in this
Amendment;

                  b. Any representation or warranty of Borrowers or Guarantors
contained in this Amendment shall be untrue in any material respect when made or
shall, during the term of this Amendment, become impaired, untrue or misleading;

                  c. With the exception of the Existing Defaults waived as set
forth in the Second Amendment, the occurrence of any new or further violation of
the sections of the Credit Agreement implicated by any of the Existing Defaults;

                  d. The occurrence of any default under the Senior Note
Agreement;

                  e. Any further change having a Material Adverse Effect shall
occur in business, properties, operations or condition (financial or otherwise)
of any Borrower or any Guarantor; or

                  f. The Aggregate Total Outstandings of all Lenders shall on
any date exceed the Borrowing Base as of such date, and the Borrowers shall fail
to pay on such date not less than the amount of such excess for application
against the Aggregate Total Outstandings.

         1.5 EXPIRATION; NO FURTHER EXTENSION IMPLIED. The Borrowers and the
Guarantors acknowledge that the Agent and the Lenders have no obligation to
extend the term of the Improvement Period or further extend the Facility
Termination Date, or forbear from enforcing their rights and

                                       8
<PAGE>

remedies before the end of the Improvement Period in the event of any failure of
any one or more of the terms and conditions expressed herein, that no course of
dealing that would permit arguing for further extensions contrary to the
Lenders' wishes exists or is capable of being inferred, and that nothing
contained herein or otherwise is intended to be a promise or agreement to
continue to extend the term of the Improvement Period beyond May 31, 2002 or the
Facility Termination Date beyond January 31, 2003 or to extend any further
credit to the Borrowers. Furthermore, no future agreement by the Agent and the
Lenders to continue to extend the term of the Improvement Period beyond May 31,
2002 or the Facility Termination Date beyond January 31, 2003 or any other
agreement shall be valid or enforceable unless it is contained in a final
written agreement signed by authorized representatives of the Agent and the
Required Lenders (or, to the extent required by Section 8.2 of the Credit
Agreement, all of the Lenders). Preliminary understandings or agreements on one
or more issues during the course of any negotiations and prior to the
finalization thereof shall not be binding unless and until such a final written
agreement is executed on behalf of the applicable parties.

         1.6 REMEDIES UPON DEFAULT OR TERMINATION. The Improvement Period shall
expire automatically upon the earlier to occur of:

                  (i) a further Default or a default under this Amendment or any
document or agreement comprising the Loan Documents, and without notice or an
opportunity to cure such Default or default under this Amendment, or

                  (ii) except as provided in a further written agreement (if
any) among the Borrowers, the Agent and the Required Lenders pertaining to the
repayment of the Borrowers' obligations, May 31, 2002.

Upon the expiration of the Improvement Period, if the Borrowers are not then in
full compliance with all provisions of the Loan Documents (as amended by this
Amendment but without the benefit of any waiver of defaults except as expressly
provided in Section 5.3 of the Second Amendment), upon the election of the
Required Lenders but without further notice, all of the Borrowers' obligations
to the Lenders shall be immediately due and payable (to the extent not already
due and payable), all undertakings of the Agent and the Lenders hereunder,
including without limitation the Agent's and the Lenders' forbearance, shall
terminate without notice to the Borrowers and without the requirement of any
further action by or on behalf of the Agent or the Lenders, the waiver of the
Existing Defaults as set forth in the Second Amendment shall be deemed rescinded
ab initio, and the Agent or the Lenders shall have the right to exercise any
remedies provided in this Amendment or any of the Loan Documents, or under
applicable law or in equity. All rights and remedies of the Agent and the
Lenders shall be cumulative and not exclusive, and the Agent or the Lenders
shall be entitled to pursue one or more rights and/or remedies simultaneously or
sequentially without the necessity of an election of remedies.

         1.7 RESERVATION OF RIGHTS; NO WAIVER BY CONDUCT. The Second Amendment,
as modified by the Third Amendment and the Fourth Amendment, and as further
modified by this Amendment, grants a limited forbearance until May 31, 2002
only, or until an earlier Default, upon the terms and conditions set forth in
the Second Amendment, the Third Amendment, the Fourth Amendment and this
Amendment. Excepting only the waiver of the Existing Defaults as set forth in
the Second Amendment, nothing herein shall be deemed to constitute a waiver of
any new Unmatured Defaults or Defaults of any other provision of any of the
documents referred to herein, and nothing herein shall in any way prejudice the
rights and remedies of the Agent and/or the Lenders under any of the documents
referred to herein or applicable law. Further, the Agent and the Lenders shall
have the right to waive any conditions set forth in this Amendment and/or such
documents, in their sole discretion, and any such waiver shall not prejudice,
waive or reduce any other right or remedy which the Agent or the Lenders may
have against the Borrowers or the Guarantors. No waiver of the rights or any
condition of this Amendment and/or any other document by the Agent or the
Lenders shall be effective unless the same shall be contained in a

                                       9
<PAGE>

writing signed by authorized representatives of the Agent or the Lenders, as the
case may be, in the manner required by Section 8.2 of the Credit Agreement. No
course of dealing on the part of the Agent or the Lenders, nor any delay or
failure on the part of the Agent or the Lenders in exercising any right, power
or privilege hereunder shall operate as a waiver of such right, power or
privilege, nor shall any single or partial exercise thereof preclude any further
exercise thereof or the exercise of any other right, power or privilege.

         1.8 LIMITATIONS ON CERTAIN ADVANCES. Pursuant to Section 1.12 of the
Second Amendment, the Borrowers agreed that, notwithstanding the provisions of
Sections 2.7 and 2.8 of the Credit Agreement, during the Improvement Period
(and, absent a further written agreement among the Borrowers and the Lenders to
the contrary, thereafter until the Facility Termination Date) the Lenders would
not be obligated to advance any Eurocurrency Loan and the Borrowers would not
request new Eurocurrency Advances, and that any existing Eurocurrency Loans
would, at the end of the applicable Interest Period therefor, automatically be
converted into a Floating Rate Loan. The Borrowers previously requested, and
pursuant to Section 1.8 of the Fourth Amendment the Lenders granted, the ability
of the Borrowers to obtain Eurocurrency Advances on a limited basis. The parties
continue to agree that, from and after the Fourth Amendment Effective Date, the
Borrowers may request Eurocurrency Advances pursuant to Sections 2.3, 2.7 and
2.8 of the Credit Agreement, provided that, with respect to any such
Eurocurrency Advance, (a) the Applicable Margin for purposes of calculating the
Eurocurrency Rate shall, notwithstanding the Pricing Schedule attached to the
Credit Agreement as modified by the Second Amendment, be 5.00% and (b) the
Interest Period shall not exceed one month.

         1.9 SURVIVAL. All representations, warranties, covenants, agreements,
releases and waivers made by or on behalf of the Borrowers or any Guarantor
under this Amendment shall survive and continue after the expiration or
termination of the Improvement Period.

                                   ARTICLE 2.
                                   AMENDMENTS
                                   ----------

         Effective as of the Fifth Amendment Effective Date, the Credit
Agreement shall be amended as follows:

         2.1 The definition of "Facility Termination Date" in Section 1.1 of the
Credit Agreement is restated in its entirety as follows:

                  "Facility Termination Date" means January 31, 2003, or any
                  earlier date on which the Aggregate Commitment is reduced to
                  zero or otherwise terminated pursuant to the terms hereof.

         2.2 A new definition of "Fifth Amendment Effective Date" is added to
Section 1.1 of the Credit Agreement in appropriate alphabetical order, stating
as follows:

                  "Fifth Amendment Effective Date" shall mean February 11, 2001.

         2.3 Section 6.19 of the Credit Agreement, as previously amended by the
Second Amendment, the Third Amendment and the Fourth Amendment, is further
amended by deleting Sections 6.19.1 and 6.19.2 and inserting the following in
place thereof:

                                       10
<PAGE>

                  6.19.1 Consolidated Fixed Charge Coverage Ratio. The Company
         will not permit the Consolidated Fixed Charge Coverage Ratio of the
         Company and its Subsidiaries, determined as of the end of each of its
         fiscal quarters to be less than (i) 0.75 to 1.0 for the quarter ending
         June 30, 2001, (ii) 0.87 to 1.0 for the quarter ending September 30,
         2001, (iii) 0.85 to 1.0 for the quarter ending December 31, 2001, (iv)
         1.18 to 1.0 for the quarter ending March 31, 2002, (v) 1.10 to 1.0 for
         the quarter ending June 30, 2002, (vi) 1.05 to 1.0 for the quarter
         ending September 30, 2002 and (vii) 1.0 to 1.0 for the quarter ending
         December 31, 2002.

                  6.19.2 Leverage Ratio. The Company will not permit the
         Consolidated Leverage Ratio of the Company and its Subsidiaries,
         determined as of the end of each of its fiscal quarters, to be greater
         than (i) 9.82 to 1.0 for the period ending June 30, 2001, (ii) 8.12 to
         1.0 for the period ending September 30, 2001, (iii) 7.83 to 1.0 for the
         period ending December 31, 2001, (iv) 4.08 to 1.0 for the period ending
         March 31, 2002, (v) 4.19 to 1.0 for the period ending June 30, 2002,
         (vi) 4.14 to 1.0 for the period ending September 30, 2002 and (vii)
         3.73 to 1.0 for the period ending December 31, 2002.

                                   ARTICLE 3.
                                 REPRESENTATIONS
                                 ---------------

         Each Borrower represents and warrants to the Agent and the Lenders
that:

         3.1 The execution, delivery and performance by it of this Amendment are
within its powers, have been duly authorized by all necessary action and are not
in contravention with any law, rule or regulation, or any judgment, decree,
writ, injunction, order or award of any arbitrator, court or governmental
authority, of the terms of its Articles of Incorporation or By-laws, or any
contract or undertaking to which it is a party or by which it or its property is
or may be bound.

         3.2 This Amendment is its legal, valid and binding obligation,
enforceable against it in accordance with the terms hereof.

         3.3 No consent, approval or authorization of or declaration,
registration or filing with any governmental authority or any nongovernmental
person or entity, including, without limitation, any of its creditors or
stockholders, is required on its part in connection with the execution, delivery
and performance of this Amendment or as a condition to the legality, validity or
enforceability of this Amendment.

         3.4 After giving effect to the amendments herein contained, the
representations and warranties contained in Article V of the Credit Agreement
are true on and as of the date hereof with the same force and effect as if made
on and as of the date hereof.

                                   ARTICLE 4.
                      ADDITIONAL COVENANTS OF THE BORROWERS
                      -------------------------------------

         Each Borrower shall:

         4.1 Promptly perform and observe, and cause each Guarantor to perform
and observe, its respective obligations set forth in this Amendment.

                                       11
<PAGE>

         4.2 Cause each of the Guarantors to execute the Consent and Agreement
at the end of this Amendment.

         4.3 Upon request by the Agent, promptly prepare and deliver to the
Agent and the Lenders an updated and detailed business plan (which may consist
of updates and revisions to the plan submitted to the Lenders in May, 2001 and
September, 2001), viability analysis and financial strategy to improve the
Borrowers' business operations and financial condition, which plan and strategy
shall cover the period at least through January 31, 2003 and shall address,
inter alia, repayment of the indebtedness owed to the Lenders.

         4.4 Upon request by the Agent, promptly prepare and deliver to the
Agent and the Lenders an updated and detailed budget forecast for the remainder
of the Improvement Period and thereafter through January 31, 2003, including
financial and cash flow projections based upon Borrowers' business improvement
plan, and such budget forecast and projections shall be acceptable to the
Required Lenders (upon such acceptance, such budget forecast and projections
shall be referred to as the "Accepted Forecast"). The cash flow projections
shall be based on a rolling thirteen (13) week period through June 30, 2002 and
on a monthly basis thereafter. Projected capital expenditures shall be shown in
the projections as a separate line item. Not later than Wednesday of each week
(commencing February 20, 2002), the Borrowers shall update all applicable line
items of the Accepted Forecast and cash flow projections to reflect actual
results from the prior week and on a cumulative basis, and shall prepare and
deliver to the Agent and the Lenders such update and a report of any variances
between actual results and the Accepted Forecast originally approved by the
Required Lenders.

         4.5 Promptly deliver to the Lenders such information as has previously
been requested in writing by the Lenders, the Agent or the Agent's financial
consultant.

         4.6 To the extent requested by the Agent and to the extent not cost
prohibitive (as determined by the Agent), promptly (within five (5) days after
such request) cause each of its Foreign Subsidiaries to execute and deliver to
the Agent one or more guarantees (in form and substance satisfactory to the
Agent) of the Borrowers' indebtedness in favor of the Lenders.

         4.7 To the extent requested by the Agent and to the extent not cost
prohibitive (as determined by the Agent), promptly (within five (5) days after
such request) cause each of its Foreign Subsidiaries to complete the execution
and delivery of the Collateral Documents as required by the Agent.

         4.8 Upon request by the Agent, promptly complete all matters required
by the Agent for full implementation of the dominion of funds arrangement
between the Borrowers and the Agent and otherwise cooperate with the
implementation of such arrangement.

         4.9 Promptly execute and deliver, and cause each Guarantor to execute
and deliver, such other documents as the Agent or the Lenders may reasonably
request.

                                   ARTICLE 5.
                                 MISCELLANEOUS.
                                 --------------

         5.1 CROSS REFERENCES. References in the Credit Agreement or in any
note, certificate, instrument or other document to the "Credit Agreement" shall
be deemed to be references to the Credit Agreement as amended hereby and as
further amended from time to time.

                                       12
<PAGE>

         5.2 EXPENSES AND COSTS. Each Borrower, jointly and severally, agrees to
pay and to save the Agent and the Lenders harmless for the payment of all fees,
out-of-pocket disbursements, and other costs and expenses incurred by or on
behalf of the Agent or any Lender arising in any way in connection with this
Amendment, or any other document relating to indebtedness described in the
recitals to this Amendment, including the fees and expenses of Dickinson Wright
PLLC, counsel to the Agent, and Jay Alix & Associates, Inc., consultant to the
Agent, and specifically including, without limitation, (a) the cost of any
financial audit or inquiry conducted by the Agent, any Lender or their
consultants, (b) the fees and expenses of counsel for the Agent or any Lender
for the work performed as a result of the Borrowers' defaults or financial
problems, and for the preparation, examination and approval of this Amendment or
any documents in connection with this Amendment, (c) for the payment of all fees
and out-of-pocket disbursements incurred by the Agent or any Lender, including
attorneys' fees, in any way arising from or in connection with any action taken
by the Agent or any Lender to monitor, advise, enforce or collect the
obligations described in the recitals hereto or to enforce any obligations of
the Borrowers or any Guarantor under this Amendment or the other documents
referred to herein, including any actions to lift the automatic stay or to
otherwise in any way participate in any bankruptcy, reorganization or insolvency
proceeding of any Borrower or Guarantor or in any trial or appellate
proceedings, and (d) any expenses or fees (including attorneys' fees) incurred
in relation to or in defense of any litigation instituted by any Borrower, any
Guarantor or any third party against the Agent or any Lender arising from or
relating to the obligations described in the recitals hereto or this Amendment,
including any so-called "lender liability" action. All of these expenses and
fees (including attorneys' fees) shall be part of the Obligations owing under
the Credit Agreement, and shall be secured by all of the collateral described in
the Collateral Documents. In the event the Borrowers fail to pay any such fees,
expenses and costs within five (5) days of being invoiced therefor, the Agent or
the Lenders, as the case may be, shall be permitted to charge the accounts of
any Borrower for such fees, expenses and costs, without prejudice to any other
rights or remedies of the Agent or the Lenders. The rights and remedies of the
Agent and the Lenders contained in this paragraph shall be in addition to, and
not in lieu of, the rights and remedies contained in the Credit Agreement, the
Collateral Documents and as otherwise provided by law.

         5.3 RELEASE. Each Borrower and each Guarantor represents and warrants
that it is not aware of any claims or causes of action against the Agent or any
Lender, any participant lender or any of their successors or assigns, and that
it has no defenses, offsets or counterclaims with respect to the indebtedness
owed by the Borrowers to the Lenders. Notwithstanding this representation and as
further consideration for the agreements and understandings herein, the
Borrowers and Guarantors, on behalf of themselves and their respective
employees, agents, executors, heirs, successors and assigns, hereby release the
Agent and the Lenders, their respective predecessors, officers, directors,
employees, agents, attorneys, affiliates, subsidiaries, successors and assigns,
from any liability, claim, right or cause of action which now exists or
hereafter arises as a result of acts, omissions or events occurring on or prior
to the date hereof, whether known or unknown, including but not limited to
claims arising from or in any way related to the Credit Agreement or the
business relationship among the Borrowers, the Guarantors, the Agent and the
Lenders.

         5.4 PERFORMANCE BY LENDERS AND AGENT; NO AGENCY; BORROWERS REMAIN IN
CONTROL. Each Borrower and each Guarantor acknowledges and agrees that the Agent
and the Lenders have fully performed all of their obligations under the Credit
Agreement and all documents executed in connection with the Credit Agreement,
and that all actions taken by the Agent and the Lenders are reasonable and
appropriate under the circumstances and within their rights under the Credit
Agreement and all other documents executed in connection therewith and otherwise
available. The actions of the Agent and the Lenders taken pursuant to this
Amendment and the documents referred to herein are in furtherance of the efforts
of the Agent and the Lenders as secured lenders seeking to collect the
obligations owed to the Lenders. Nothing contained in this Amendment shall be
deemed to create a partnership, joint venture or agency relationship of any
nature among the Borrowers and the Lenders or the Agent. The Borrowers, the
Guarantors, the Agent and the Lenders agree that notwithstanding the provisions
of this Amendment,

                                       13
<PAGE>

each Borrower remains in control of its business operations and determines the
business plans (including employment, management and operating directions) for
its business.

         5.5 ENTIRE AGREEMENT; SEVERABILITY. The Credit Agreement, as previously
amended and as amended by this Amendment, constitutes the entire understanding
of the parties with respect to the subject matter hereof and may only be
modified or amended by a writing signed by the party to be charged. If any
provision of this Amendment is in conflict with any applicable statute or rule
of law or otherwise unenforceable, such offending provision shall be null and
void only to the extent of such conflict or unenforceability, but shall be
deemed separate from and shall not invalidate any other provision of this
Amendment.

         5.6 NO OTHER PROMISES OR INDUCEMENTS. There are no promises or
inducements which have been made to any signatory hereto to cause such signatory
to enter into this Amendment other than those which are set forth in this
Amendment. Each Borrower and each Guarantor acknowledges that its authorized
officers have thoroughly read and reviewed the terms and provisions of this
Amendment and are familiar with same, that the terms and provisions contained
herein are clearly understood by the Borrower or Guarantor and have been fully
and unconditionally consented to by the Borrower or Guarantor, and that the
Borrower or Guarantor has had full benefit and advice of counsel of its own
selection, or the opportunity to obtain the benefit and advice of counsel of its
own selection, in regard to understanding the terms, meaning and effect of this
Amendment, and that this Amendment has been entered into by the Borrower and
Guarantor freely, voluntarily, with full knowledge, and without duress, and that
in executing this Amendment, the Borrower and Guarantor is relying on no other
representations, either written or oral, express or implied, made by any other
party hereto, and that the consideration hereunder received by the Borrower has
been actual and adequate.

         5.7 SUFFICIENCY OF IMPROVEMENT PERIOD. Each Borrower represents that:
(a) it has no intention to file or acquiesce in the filing of any bankruptcy or
insolvency proceeding hereafter, absent approval on behalf of the Agent and the
Lenders of such proceeding; and (b) the Improvement Period and forbearance
allowed by the Second Amendment, the Third Amendment and the Fourth Amendment
(as modified herein) are sufficient for the Borrowers to accomplish the
commitments they have undertaken in the Second Amendment, the Third Amendment
and the Fourth Amendment (as modified herein).

         5.8 RATIFICATION. The Borrowers agree that the Credit Agreement, the
Collateral Documents and all other documents and agreements executed by the
Borrowers or the Guarantors in connection with the Credit Agreement in favor of
the Agent, the Collateral Agent or any Lender are ratified and confirmed and
shall remain in full force and effect as amended hereby, and that there is no
set off, counterclaim or defense with respect to any of the foregoing. Terms
used but not defined herein shall have the respective meanings ascribed thereto
in the Credit Agreement.

         5.9 COUNTERPARTS; EFFECTIVENESS. This Amendment may be executed in any
number of counterparts with the same effect as if the signatures thereto and
hereto were upon the same instrument. Facsimile copies of signatures shall be
treated as original signatures for all purposes under this Amendment. This
Amendment shall become effective as of February 11, 2001 when each of the
following has been satisfied:

         (a) Receipt by the Agent of counterparts of this Amendment duly
executed by each Borrower and each Lender, and counterparts of the Consent and
Agreement annexed hereto duly executed by each Guarantor.

                                       14
<PAGE>

         (b) With respect to any interest, fees or other charges previously
required to be paid by either Borrower under the terms of any waiver letter,
extension letter, amendment or other agreement, receipt by the Agent of full
payment of such interest, fees or other charges.

         (c) Payment of the amendment fee required under this Amendment. In the
event such fee is not received immediately upon execution of this Amendment by
the Borrowers, the Agent is authorized at any time thereafter to charge the
Company's account(s) in the amount of such fee.

         (d) Receipt by the Agent of copies, certified by the Secretary or
Assistant Secretary of each Borrower and each Guarantor, of its Board of
Directors' resolutions and of resolutions or actions of any other body
authorizing the execution of this Amendment and all Collateral Documents to be
executed in connection herewith to which such Borrower or such Guarantor, as
applicable, is a party.

         (e) Receipt by the Agent of an incumbency certificate, executed by the
Secretary or Assistant Secretary of each Borrower and each Guarantor, which
shall identify by name and title and bear the signatures of the Authorized
Officers and any other officers of each Borrower and each Guarantor authorized
to sign this Amendment and all Collateral Documents to be executed in connection
herewith to which each Borrower and each Guarantor is a party, upon which
certificate the Agent and the Lenders shall be entitled to rely until informed
of any change in writing by such Borrower and such Guarantor.

         (f) Receipt by the Agent of a written opinion of the general counsel of
the Borrowers and the Guarantors, addressed to the Agent and Lenders and in form
and substance satisfactory to the Agent.

         (g) To the extent not previously delivered, receipt by the Agent
(within five days following written request by the Agent, or within such longer
period of time as may be acceptable to the Agent) of executed copies of all
Collateral Documents and other documents in connection therewith requested by
the Agent, together with all necessary consents and other related documents in
connection therewith, insurance certificates, financing statements,
environmental reports, opinions of foreign counsel, original stock certificates
and related transfer powers, UCC, judgment and other lien and encumbrance
searches, title searches and insurance, surveys and other documents required by
the Agent.

         (h) Delivery of such other agreements and documents, and the
satisfaction of such other conditions as may be reasonably required by the
Agent, including without limitation a solvency certificate of each Borrower, and
such evidence of the perfection and priority of all liens and security interests
as required by the Agent, all of which shall be satisfactory to the Agent and
its counsel to the extent required by the Agent.

         5.10 OTHER DOCUMENTS. Each Borrower and each Guarantor agrees to
execute and deliver any and all documents reasonably deemed necessary or
appropriate by the Agent or the Lenders to carry out the intent of and/or to
implement this Amendment.

         5.11 GOVERNING LAW. This Amendment shall be governed by and construed
in accordance with the laws of the State of Michigan without giving effect to
choice of law principles of such State.

         5.12 MISCELLANEOUS. This Amendment is made for the sole benefit and
protection of the Borrowers, the Agent and the Lenders and their respective
successors and permitted assigns (provided that the Borrowers shall not be
permitted, absent the prior written consent of all of the Lenders, to assign any
of their respective rights or obligations under this Amendment). No other person
or entity shall have any rights whatsoever under this Amendment. Time shall be
of the strictest essence in the performance of each and every one of the
Borrowers' obligations hereunder.

                                       15
<PAGE>

         5.13 CONSTRUCTION. This Amendment shall not be construed more strictly
against the Lenders or the Agent merely by virtue of the fact that the same has
been prepared by the Lenders and the Agent or their counsel, it being recognized
that the Borrowers, the Guarantors, the Agent and the Lenders have contributed
substantially and materially to the preparation of this Amendment, and each of
the parties hereto waives any claim contesting the existence and the adequacy of
the consideration given by any of the other parties hereto in entering into this
Amendment.

         5.14 HEADINGS. The headings of the various paragraphs in this Amendment
are for convenience of reference only and shall not be deemed to modify or
restrict the terms or provisions hereof.

         5.15 WAIVER OF JURY TRIAL; CONSENT TO JURISDICTION. (a) The Borrowers,
each Guarantor, each Lender and the Agent hereby specifically ratifies and
confirms the waiver of jury trial set forth in Section 16.2 of the Credit
Agreement. Without limiting the generality of the preceding ratification and
confirmation, the Borrowers, each Guarantor, each Lender and the Agent, after
consulting or having had the opportunity to consult with counsel, knowingly,
voluntarily and intentionally waives any right any of them may have to a trial
by jury in any litigation or proceeding based upon or arising out of this
Amendment or any related instrument or agreement or any of the transactions
contemplated by this Amendment or any conduct, dealing, statements (whether oral
or written) or actions of any of them. None of the Borrowers, the Guarantors,
the Lenders or the Agent shall seek to consolidate, by counterclaim or
otherwise, any such action in which a jury trial has been waived with any other
action in which a jury trial cannot be or has not been waived. These provisions
shall not be deemed to have been modified in any respect or relinquished by any
party hereto except by a written instrument executed by such party.

         (b) Each Borrower and each Guarantor agrees that any legal action or
proceeding with respect to this Amendment or any related instrument or
agreement, including the Credit Agreement as previously amended and as amended
hereby, or with respect to the transactions contemplated hereby, may be brought
in any court of the State of Michigan, sitting in or having jurisdiction over
the County of Wayne, Michigan, or in any federal court located within the
Eastern District of Michigan, and Borrowers and Guarantors hereby submit to and
accept generally and unconditionally the non-exclusive jurisdiction of those
courts with respect to their person and property and irrevocably consent to
service of process in connection with any such action or proceeding by mailing
such service of process (certified or registered, if capable of certification or
registration) to Borrowers and/or Guarantors at the address they may have from
time to time provided to the Agent. Borrowers and Guarantors hereby irrevocably
waive any objection based upon jurisdiction, improper venue or forum non
conveniens in any such suit or proceeding in the above-described courts. Nothing
contained herein shall limit the right of the Agent or the Lenders to serve
process in any other manner permitted by law or limit the right of the Agent or
the Lenders to commence any such action or proceeding in the courts of any other
jurisdiction. Any judicial proceeding by any Borrower or any Guarantor against
the Agent or any Lender involving this Amendment shall be brought only in a
court in Wayne County, Michigan or federal court located within the Eastern
District of Michigan.

                             [signatures next page]

                                       16
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered as of the date and year first above written.

                                    CORRPRO COMPANIES, INC.

                                    By: /s/ Joseph W. Rog
                                        ----------------------------------------

                                    Title: Chairman, CEO, President
                                           -------------------------------------

                                    CSI COATING SYSTEMS INC.

                                    By: /s/ Joseph W. Rog
                                        ----------------------------------------

                                    Title: Vice President
                                           -------------------------------------

                                    BANK ONE, MICHIGAN, AS AGENT AND AS A LENDER

                                    By: /s/ Oliver J. Glenn
                                        ----------------------------------------

                                    Title: First Vice President
                                           -------------------------------------

                                    PNC BANK, NATIONAL ASSOCIATION

                                    By: /s/ Lawrence E. Reynolds
                                        ----------------------------------------

                                    Title: Vice President
                                           -------------------------------------

                                    KEY BANK

                                    By: /s/ L. James Forshey
                                        ----------------------------------------

                                    Title: Vice President
                                           -------------------------------------

                                    FIRSTMERIT BANK

                                    By: /s/ Edward Yannayon
                                        ----------------------------------------

                                    Title: Senior Vice President
                                           -------------------------------------

                                       17
<PAGE>

                                    COMERICA BANK

                                    By: /s/ Brian Marshall
                                        ----------------------------------------

                                    Title: Vice President
                                           -------------------------------------

                                    FIFTH THIRD BANK (NORTHEASTERN OHIO)

                                    By: /s/ Raimo De Vries
                                        ----------------------------------------

                                    Title: Vice President
                                           -------------------------------------

                                       18
<PAGE>

                       CONSENT AND AGREEMENT OF GUARANTORS
                       -----------------------------------

         As of the date and year first above written, each of the undersigned
hereby:

         (a) fully consents to the terms and provisions of the above Amendment
and the consummation of the transactions contemplated thereby and agrees to all
terms and provisions of the above Amendment applicable to it;

         (b) agrees that each Guaranty, Collateral Document and all other
agreements executed by any of the undersigned in connection with the Credit
Agreement or otherwise in favor of the Agent or the Lenders (collectively, the
"Guarantor Documents") are hereby ratified and confirmed and shall remain in
full force and effect, and each of the undersigned acknowledges that it has no
setoff, counterclaim or defense with respect to any Guarantor Document; and

         (c) acknowledges that its consent and agreement hereto is a condition
to the Lenders' obligation under this Amendment and it is in its interest and to
its financial benefit to execute this consent and agreement.

                                   GOOD-ALL ELECTRIC, INC.

                                   By: /s/ Joseph W. Rog
                                       ----------------------------------------

                                      Its: President
                                           ------------------------------------

                                   BASS SOFTWARE, INC.

                                   By: /s/ Joseph W. Rog
                                       ----------------------------------------

                                      Its: Vice President
                                           ------------------------------------

                                   CATHODIC PROTECTION SERVICES
                                   COMPANY

                                   By:
                                       ----------------------------------------

                                      Its:
                                           ------------------------------------

                                   OCEAN CITY RESEARCH CORP.

                                   By: /s/ Joseph W. Rog
                                       ----------------------------------------

                                      Its: Vice President
                                           ------------------------------------

                                       19
<PAGE>

                                   CCFC, INC.

                                   By: /s/ Joseph W. Rog
                                       ----------------------------------------

                                      Its: President
                                           ------------------------------------

                                   ROHRBACK COSASCO SYSTEMS, INC.

                                   By: /s/ Joseph W. Rog
                                       ----------------------------------------

                                      Its: Vice President
                                           ------------------------------------

                                       20

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}]]