Document:

<PAGE>   1

                                                                    EXHIBIT 10.2

This Third Amendment, dated as of March 12, 2001 (this "Third Amendment"), is
entered into by and among WPS Receivables Corporation, as Transferor, WestPoint
Stevens Inc., as initial Servicer, Blue Ridge Asset Funding Corporation, as
Transferee and Wachovia Bank, N.A., as Administrator. Capitalized terms used
herein without definition have the meanings ascribed to such terms in the
Agreement.

         WHEREAS, Transferor, Servicer, Transferee and Administrator entered
into that certain Asset Interest Transfer Agreement dated as of December 18,
1998 (as amended, the "Agreement"); and

         WHEREAS, the parties hereto desire to amend the Agreement in certain
respects as provided herein;

         NOW THEREFORE, in consideration of the premises and the other mutual
covenants contained herein, the parties hereto agree as follows:

1.       The definition of "Scheduled Maturity Date" contained in Appendix A to
         the Agreement is hereby amended and restated in its entirety as
         follows:

                  ""Scheduled Maturity Date" means March 30, 2001, as extended
                  pursuant to Section 1.06."

Except as expressly modified hereby, all terms and conditions of the Agreement
remain in full force and effect. This Third Amendment may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of
which when taken together shall constitute one and the same agreement.

                  [remainder of page intentionally left blank]

<PAGE>   2

                  IN WITNESS WHEREOF, the parties have caused this Third
Amendment to be executed by their respective officers thereunto duly authorized,
as of the date first above written.

                                 WPS RECEIVABLES CORPORATION, as
                                       Transferor

                                 By: /s/ Nelson Griffith
                                     -------------------------------------------
                                     Name: Nelson Griffith
                                     Title: President

                                 WESTPOINT STEVENS INC., as initial
                                       Servicer

                                 By: /s/ Nelson Griffith
                                     -------------------------------------------
                                     Name: Nelson Griffith
                                     Title: Senior Vice President & Controller

                                 BLUE RIDGE ASSET FUNDING
                                       CORPORATION,
                                       as Transferee

                                 By: Wachovia Bank, N.A., Attorney-in-Fact

                                     By: /s/ Elizabeth R. Wagner
                                         ---------------------------------------
                                         Name: Elizabeth R. Wagner
                                         Title: Senior Vice President

                                 WACHOVIA BANK, N.A., as Administrator

                                 By: /s/ Frances W. Josephic
                                     -------------------------------------------
                                     Name: Frances W. Josephic
                                     Title: Vice President<PAGE>   1
                                                                    EXHIBIT 10.3

This Fourth Amendment, dated as of March 26, 2001 (this "Fourth Amendment"), is
entered into by and among WPS Receivables Corporation, as Transferor, WestPoint
Stevens Inc., as initial Servicer, Blue Ridge Asset Funding Corporation, as
Transferee and Wachovia Bank, N.A., as Administrator. Capitalized terms used
herein without definition have the meanings ascribed to such terms in the
Agreement.

         WHEREAS, Transferor, Servicer, Transferee and Administrator entered
into that certain Asset Interest Transfer Agreement dated as of December 18,
1998 (as amended, the "Agreement"); and

         WHEREAS, the parties hereto desire to amend the Agreement in certain
respects as provided herein;

         NOW THEREFORE, in consideration of the premises and the other mutual
covenants contained herein, the parties hereto agree as follows:

1.       Clause (a) of Section 3.01 of the Agreement is hereby amended as
         follows:

                  "(a) Monthly Report. Servicer shall deliver to the
                  Administrator, on Transferee's behalf, on the 15th day of each
                  month (or if such day is not a Business Day, the next
                  succeeding Business Day thereafter) (each a "Reporting
                  Date")), a Monthly Report; provided, however, that the
                  Administrator reserves the right to require, with at least 30
                  days advance notice, the Servicer to deliver Monthly Reports
                  on a more frequent basis (but in no event more frequently than
                  weekly) and, upon the Administrator's request, each such
                  Monthly Report shall be accompanied by an electronic file in a
                  form satisfactory to the Administrator."

2.       Clause (f) of Section 10.01 of the Agreement is hereby amended as
         follows:

                  "(f) The Dilution Ratio at any Cut-Off Date exceeds 3.75%;"

3.       The definition of "Dilution Factor" is hereby added to Appendix A to
         the Agreement as follows:

                  ""Dilution Factor" means (x) on and after the date on which
                  the Administrator has delivered written notice to the Servicer
                  that the Dilution Factor shall be determined in accordance
                  with this clause (x), an amount (expressed as a percentage)
                  equal to either (i) the product of the Dilution Horizon Ratio
                  multiplied by the Adjusted Dilution Ratio or (ii) an amount
                  otherwise mutually agreed to by the parties hereto, or (y)
                  prior to the date such notice is delivered, 0%.

<PAGE>   2

4.       The definition of "Dilution Ratio" contained in Appendix A to the
         Agreement is hereby amended and restated in its entirety as follows:

                  ""Dilution Ratio" means, as of any date of determination, an
                  amount (expressed as a percentage) equal to a fraction, the
                  numerator of which is the total amount of Dilution which
                  occurred during the most recently ending Settlement Period,
                  and the denominator of which is the aggregate amount of sales
                  of the Originators during the Settlement Period occurring
                  three months prior to the most recently ended Settlement
                  Period."

5.       The definition of "Dilution Reserve" contained in Appendix A to the
         Agreement is hereby amended and restated in its entirety as follows:

                  ""Dilution Reserve" means, as of any date of determination,
                  an amount (expressed as a percentage) equal to the product of
                  (i) (x) 2.00 multiplied by, the Adjusted Dilution Ratio, plus
                  (y) the Dilution Volatility Component, multiplied by, (ii) the
                  Dilution Horizon Ratio.

6.       The definition of "Required Reserve Factor" contained in Appendix A to
         the Agreement is hereby amended and restated in its entirety as
         follows:

                  ""Required Reserve Factor" means, as of any date of
                  determination, an amount equal to the greater of (i) 15% plus
                  the Dilution Factor and (ii) the sum of (a) the Loss Reserve,
                  (b) the Dilution Reserve, (c) the Yield Reserve and (d) the
                  Servicing Reserve."

7.       The definition of "Scheduled Maturity Date" contained in Appendix A to
         the Agreement is hereby amended and restated in its entirety as
         follows:

                  ""Scheduled Maturity Date" means January 15, 2002, as
                  extended pursuant to Section 1.06."

Except as expressly modified hereby, all terms and conditions of the Agreement
remain in full force and effect. This Fourth Amendment may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of
which when taken together shall constitute one and the same agreement.

<PAGE>   3

                  [remainder of page intentionally left blank]

                  IN WITNESS WHEREOF, the parties have caused this Fourth
Amendment to be executed by their respective officers thereunto duly authorized,
as of the date first above written.

                                WPS RECEIVABLES CORPORATION, as
                                     Transferor

                                By:  /s/ Nelson Griffith
                                     -------------------------------------------
                                     Name: Nelson Griffith
                                     Title: President

                                WESTPOINT STEVENS INC., as initial
                                     Servicer

                                By:  /s/ Nelson Griffith
                                     -------------------------------------------
                                     Name: Nelson Griffith
                                     Title: Senior Vice President & Controller

                                BLUE RIDGE ASSET FUNDING
                                     CORPORATION,
                                     as Transferee

                                By: Wachovia Bank, N.A., Attorney-in-Fact

                                    By: /s/ Elizabeth R. Wagner
                                        ----------------------------------------
                                        Name: Elizabeth R. Wagner
                                        Title: Senior Vice President

                                WACHOVIA BANK, N.A., as Administrator

                                By: /s/ Elizabeth R. Wagner
                                    --------------------------------------------
                                    Name: Elizabeth R. Wagner
                                    Title: Senior Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}]]