Document:

<Page>

                                                                    EXHIBIT 4.13

                            JUNIOR SECURITY AGREEMENT

          JUNIOR SECURITY AGREEMENT dated as of July 25, 2002, between SOLUTIA
INC., a corporation duly organized and validly existing under the laws of the
State of Delaware (the "COMPANY"); each of the Subsidiaries of the Company
identified under the caption "SUBSIDIARY GUARANTORS" on the signature pages
hereto or that become "Subsidiary Guarantors" hereunder pursuant to Section 6.12
after the date hereof (individually, a "SUBSIDIARY GUARANTOR" and, collectively,
the "SUBSIDIARY GUARANTORS" and, together with the Company, individually a
"SECURING PARTY" and, collectively, the "SECURING PARTIES"); Citibank, N.A., as
collateral agent under the Non-Sharing Intercreditor Agreement referred to below
(in such capacity, the "COLLATERAL AGENT"); and HSBC Bank USA, a banking
corporation duly organized and validly existing under the laws of the State of
New York, as trustee under the 2009 Notes Indenture referred to below (in such
capacity, together with its successors in such capacity, the "TRUSTEE").

          The Company, certain lenders (the "SOLUTIA LENDERS") and Citibank,
N.A., as administrative agent (in such capacity, together with its successors in
such capacity, the "SOLUTIA ADMINISTRATIVE AGENT") are parties to a Second
Amended and Restated Credit Agreement dated as of July 25, 2002 (as modified and
supplemented and in effect from time to time, the "SOLUTIA CREDIT AGREEMENT"),
providing, subject to the terms and conditions thereof, for extensions of credit
(by means of loans and letters of credit) to be made by said lenders to the
Company and the other borrowers referred to therein in an aggregate principal or
face amount not exceeding $600,000,000. In addition, the Company may from time
to time be obligated to various of the Solutia Lenders (or their affiliates) in
respect of one or more hedging agreements permitted under Section 6.02(g)(v) of
the Solutia Credit Agreement.

          Astaris LLC, a limited liability company organized under the laws of
Delaware ("ASTARIS"), certain lenders (the "ASTARIS LENDERS") and Bank of
America, N.A., as administrative agent (in such capacity, together with its
successors in such capacity, the "ASTARIS ADMINISTRATIVE AGENT") are parties to
a Credit Agreement dated as of September 14, 2000 (as modified and supplemented
and in effect from time to time, the "ASTARIS CREDIT AGREEMENT"), providing,
subject to the terms and conditions thereof, for loans to be made by said
lenders to Astaris in an aggregate principal amount not exceeding $275,000,000.
The obligations of Astaris under the Astaris Credit Agreement have been
partially guaranteed by the Company pursuant to a Guaranty Agreement dated as of
September 14, 2000 (as modified and supplemented and in effect from time to
time, the "ASTARIS GUARANTY AGREEMENT") by the Company in favor of Astaris LLC
and in favor of the Astaris Lenders and the Astaris Administrative Agent.

          The Company, State Street Bank and Trust Company, as trustee (in such
capacity, together with its successors in such capacity, the "CO-GEN TRUSTEE"),
certain financial institutions named as purchasers therein (collectively, the
"CO-GEN PURCHASERS") and Citibank, N.A., as agent for the Co-gen Purchasers (in
such capacity, together with its successors in such capacity, the "CO-GEN
AGENT"), are parties to an Amended and Restated Participation Agreement dated as
of April 24, 1998 (as modified and supplemented and in effect from time to time,
the "CO-GEN PARTICIPATION AGREEMENT"), providing, subject to the terms and
conditions thereof, for loans and investments to be made by the Co-gen
Purchasers to the Co-gen Trustee in an aggregate principal amount not exceeding
$33,000,000. The obligations of the Co-gen Trustee under the

                            JUNIOR SECURITY AGREEMENT

<Page>

Co-gen Participation Agreement have been guaranteed by the Company pursuant to
an Amended and Restated Instrument Guaranty dated as of April 24, 1998 (as
modified and supplemented and in effect from time to time, the "CO-GEN GUARANTY
AGREEMENT") by the Company in favor of the Co-gen Trustee and the Co-gen
Purchasers. In addition, the Co-gen Trustee, as lessor, and the Company, as
lessee, are party to an Amended and Restated Lease dated as of April 24, 1998
(as modified and supplemented and in effect from time to time, the "CO-GEN
LEASE") pursuant to which the Company agrees to make certain rent payments to
the Co-gen Trustee in consideration of the lease of the co-generation facility
referred to therein, which rent payments service the loans and investments made
by the Co-gen Purchasers.

          In addition, certain of the Solutia Lenders may have issued letters of
credit for the account of the Company or a Subsidiary, or may in the future
issue letters of credit for the account of the Company, which are or will be
identified in the below-referenced Non-Sharing Intercreditor Agreement as
"Designated Letters of Credit" (collectively, the "DESIGNATED LETTERS OF
CREDIT"). It is contemplated that, in connection herewith, such Solutia Lenders
will execute and deliver a Letter of Credit Override Agreement providing for
certain common terms to be applicable to such letters of credit.

          The Company is also party to an Indenture dated as of July 9, 2002
(the "2009 NOTES INDENTURE") between the Company, SOI Funding Corp. and the
Trustee, pursuant to which SOI Funding Corp. has issued its 11.25% Senior
Secured Notes due 2009 (the "2009 NOTES"), in an aggregate principal amount of
$223,000,000 as of July 9, 2002, and which 2009 Notes have been assumed by the
Company pursuant to a Supplemental Indenture thereto, and guaranteed by the
Subsidiary Guarantors as provided in Section 10.01 thereof.

          Pursuant to the Senior Non-Sharing Security and Guarantee Agreement
(as defined below), the Securing Parties have granted to the Collateral Agent
liens on certain of the property of the Securing Parties (the "SENIOR
COLLATERAL") as collateral security for the obligations of the Securing Parties
under the Solutia Credit Agreement, the Astaris Credit Agreement, the Co-gen
Guaranty Agreement, Hedging Obligations (as defined in the Junior Intercreditor
Agreement referred to below) and the Designated Letters of Credit.

          In connection with the foregoing, the parties hereto wish to provide
for the grant by the Securing Parties to the Trustee of a lien on the Senior
Collateral, which liens the Trustee has agreed, on behalf of itself and each
holder of the 2009 Notes, pursuant to a Junior Intercreditor Agreement dated as
of the date hereof between the Securing Parties, the Collateral Agent and the
Trustee, shall be junior to the liens on the Senior Collateral granted to the
Collateral Agent pursuant to the Senior Non-Sharing Guarantee and Security
Agreement.

          Accordingly, the parties hereto hereby agree as follows:

          Section 1. DEFINITIONS. Terms defined in the Junior Intercreditor
Agreement are used herein as defined therein.

          (a) The terms "ACCOUNTS", "INVENTORY" and "INVESTMENT PROPERTY" have
the respective meanings ascribed thereto in Article 9 of the Uniform Commercial
Code. The term

<Page>

"FINANCIAL ASSETS" shall have the meaning ascribed thereto in Article 8 of the
Uniform Commercial Code.

          (b) In addition, as used herein:

          "APPLICABLE SECURED PARTY" means, (a) prior to the Senior Payment
     Date, the Collateral Agent and (b) on and after the Senior Payment Date,
     the Trustee.

          "COLLATERAL" has the meaning assigned to such term in Section 3.

          "COLLATERAL ACCOUNT" means, collectively, the Senior Collateral
     Account and the Junior Collateral Account.

          "COPYRIGHT COLLATERAL" means all material Copyrights, whether now
     owned or hereafter acquired by any Securing Party, including each Copyright
     identified in Annex 4.

          "COPYRIGHTS" means all copyrights, copyright registrations and
     applications for copyright registrations, including all renewals and
     extensions thereof, the right to recover for all past, present and future
     infringements thereof, and all other rights of any kind whatsoever accruing
     thereunder or pertaining thereto.

          "DOCUMENT" has the meaning assigned to such term in Section 3(g).

          "EUROPE" means the countries of Austria, Benelux, Denmark, Finland,
     France, Germany, Greece, Ireland, Italy, Norway, Portugal, Spain, Sweden,
     Switzerland and the United Kingdom.

          "EVENT OF DEFAULT" has the meaning assigned to such term in the 2009
     Notes Indenture.

          "INSTRUMENTS" has the meaning assigned to such term in Section 3(d).

          "INTELLECTUAL PROPERTY" means collectively, all Copyright Collateral,
     all Patent Collateral and all Trademark Collateral, together with (a) to
     the extent used in connection with production at the Mortgaged Facilities,
     all inventions, processes, software, production methods, proprietary
     information, know-how and trade secrets with respect to any of the
     foregoing; (b) all licenses or user or other agreements granted to any
     Securing Party with respect to any of the foregoing, including software
     licenses, in each case whether now or hereafter owned or used including the
     licenses or other agreements with respect to the Copyright Collateral, the
     Patent Collateral or the Trademark Collateral, listed in Annex 7 and (c) to
     the extent used in connection with production at the Mortgaged Facilities,
     all information, data, plans, blueprints, specifications, designs,
     drawings, recorded knowledge, surveys, engineering reports, test reports,
     manuals, materials standards, processing standards, performance standards,
     catalogs, computer and automatic machinery software and programs with
     respect to any of the foregoing.

<Page>

          "ISSUERS" means, collectively, (a) the respective corporations,
     partnerships or other entities identified under the names of the Securing
     Parties on Annex 3 under the caption "Issuer" and (b) any other entity that
     shall at any time be a Subsidiary Guarantor that is not a Restricted
     Subsidiary.

          "JUNIOR COLLATERAL ACCOUNT" has the meaning assigned to such term in
     Section 4.01.

          "JUNIOR SECURED OBLIGATIONS" means, collectively, (a) in the case of
     the Company, the obligations of the Company to the Trustee and the 2009
     Noteholders in respect of the 2009 Notes, (b) in the case of the Subsidiary
     Guarantors, the obligations of the Subsidiary Guarantors in respect of the
     2009 Notes pursuant to the guarantee thereof set forth in Section 10.01 of
     the 2009 Notes Indenture (or a supplement thereto executed and delivered
     pursuant to Section 4.19 thereof) and (c) in the case of all Securing
     Parties, all present and future obligations of the Securing Parties to the
     Junior Secured Parties, or any of them, hereunder.

          "JUNIOR SECURED PARTIES" means, collectively, the Trustee and the 2009
     Noteholders in respect of the 2009 Notes.

          "MORTGAGED FACILITIES" means the manufacturing facilities of the
     Company located in or near Decatur, Alabama, Pensacola, Florida, Indian
     Orchard, Massachusetts, Trenton, Michigan, Greenwood, South Carolina and
     Alvin, Texas and the production facility of CPFilms Inc. located in or near
     Martinsville, Virginia.

          "PATENT COLLATERAL" means all material Patents used in connection with
     production at the Mortgaged Facilities, whether now owned or hereafter
     acquired by any Securing Party, including each Patent identified in
     Annex 5.

          "PATENTS" means to the extent used, registered or applied for in the
     United States of America or Europe all patents, including the inventions
     and improvements described and claimed therein together with the reissues,
     divisions, continuations, renewals, extensions and continuations-in-part
     thereof, all income, royalties, damages and payments now or hereafter due
     and/or payable under and with respect thereto, including damages and
     payments for past or future infringements thereof, the right to sue for
     past, present and future infringements thereof.

          "PLEDGED DEBT" means any Debt (as defined in the Solutia Credit
     Agreement) of any Domestic Subsidiary (other than a Restricted Subsidiary)
     held by any Securing Party.

          "PLEDGED STOCK" has the meaning assigned to such term in Section 3(a).

          "PERMITTED INVESTMENTS" shall mean: (a) direct obligations of the
     United States of America, or of any agency thereof, or obligations
     guaranteed as to principal and interest by the United States of America, or
     of any agency thereof, in either case maturing not more than 90 days from
     the date of acquisition thereof; (b) certificates of deposit or time
     deposits issued by any bank or trust company organized under the laws of
     the United States of America or any state thereof and having capital,
     surplus and undivided profits of

<Page>

     at least $500,000,000, maturing not more than 90 days from the date of
     acquisition thereof; (c) fully collateralized repurchase agreements with a
     term of not more than 90 days for securities described in clause (a) of
     this definition and entered into with a financial institution satisfying
     the criteria described in clause (b) of this definition; and (d) commercial
     paper rated A-1 or better or P-1 by Standard & Poor's Ratings Services, a
     division of McGraw-Hill Companies, Inc., or Moody's Investors Services,
     Inc., respectively, maturing not more than 90 days from the date of
     acquisition thereof; in each case so long as the same (x) provide for the
     payment of principal and interest (and not principal alone or interest
     alone) and (y) are not subject to any contingency regarding the payment of
     principal or interest.

          "RESTRICTED ISSUERS" means, collectively, Monchem International, Inc.,
     a corporation duly organized and validly existing under the laws of the
     State of Delaware, Solutia Europe and Solutia UK Holdings Ltd., a
     corporation organized under the laws of England and Wales.

          "RESTRICTED SUBSIDIARY" has the meaning assigned to such term in the
     Existing Note Indentures as in effect on the date hereof and without giving
     effect to any modifications or supplements after the date hereof.

          "SENIOR COLLATERAL ACCOUNT" means the Collateral Account established
     pursuant to Section 4.01 of the Senior Non-Sharing Security and Guarantee
     Agreement.

          "SOLUTIA EUROPE" means Solutia Europe S.A./N.V., a corporation
     organized under the laws of Belgium.

          "STOCK COLLATERAL" has the meaning assigned to such term in Section
     3(a)(ii).

          "TRADEMARK COLLATERAL" means all material Trademarks, whether now
     owned or hereafter acquired by any Securing Party, including each Trademark
     identified in Annex 6. Notwithstanding the foregoing, the Trademark
     Collateral does not and shall not include any Trademark that would be
     rendered invalid, abandoned, void or unenforceable by reason of its being
     included as part of the Trademark Collateral.

          "TRADEMARKS" means, to the extent used, registered or applied for in
     the United States of America or Europe, all trade names, trademarks and
     service marks, logos, trademark and service mark registrations, and
     applications for trademark and service mark registrations, including all
     renewals of trademark and service mark registrations, all rights
     corresponding thereto throughout the United States of America and Europe,
     the right to recover for all past, present and future infringements
     thereof, all other rights of any kind whatsoever accruing thereunder or
     pertaining thereto, together, in each case, with the product lines and
     goodwill of the business connected with the use of, and symbolized by, each
     such trade name, trademark and service mark.

          "UNIFORM COMMERCIAL CODE" means the Uniform Commercial Code as in
     effect from time to time in the State of New York.

<Page>

          Section 2. REPRESENTATIONS AND WARRANTIES. Each Securing Party
represents and warrants to the Junior Secured Parties that:

          (a) TITLE AND PRIORITY. Such Securing Party is the sole beneficial
     owner of the Collateral in which it purports to grant a security interest
     pursuant to Section 3 and no Lien exists or will exist upon such Collateral
     at any time, except for Liens permitted under Section 4.11 of the 2009
     Notes Indenture and except for (x) the security interest in favor of the
     Collateral Agent for the benefit of the Senior Secured Parties created
     pursuant to the Senior Non-Sharing Security and Guarantee Agreement and (y)
     the security interest in favor of the Trustee for the benefit of the Junior
     Secured Parties created pursuant hereto. The security interest created
     pursuant hereto constitutes a valid and perfected security interest in the
     Collateral in which such Securing Party purports to grant a security
     interest pursuant to Section 3, subject to the senior Lien created pursuant
     to the Senior Non-Sharing Security and Guarantee Agreement, but subject to
     no other equal or prior Lien except as expressly permitted by said Section
     4.11 of the 2009 Notes Indenture.

          (b) NAMES, ETC. The full and correct legal name, type of organization,
     jurisdiction of organization, organizational ID number (if applicable) and
     mailing address of each Securing Party as of the date hereof are correctly
     set forth in Annex 1. Annex 1 correctly specifies (x) the place of business
     of each Securing Party or, if such Securing Party has more than one place
     of business, the location of the chief executive office of such Securing
     Party, and (y) each location of the Securing Parties where in excess of
     $5,000,000 of Inventory as of March 31, 2002 of the Securing Parties is
     located.

          (c) CHANGES IN CIRCUMSTANCES. Such Securing Party has not (i) within
     the period of four months prior to the date hereof, changed its "location"
     (as defined in Section 9-307 of the Uniform Commercial Code), (ii) except
     as specified in Annex 1, heretofore changed its name, or (iii) except as
     specified in Annex 2, heretofore become a "new debtor" (as defined in
     Section 9-102(a)(56) of the Uniform Commercial Code) with respect to a
     currently effective security agreement previously entered into by any other
     Person.

          (d) PLEDGED STOCK. The Pledged Stock, if any, identified under the
     name of such Securing Party in Annex 3 is, and all other Pledged Stock in
     which such Securing Party shall hereafter grant a security interest
     pursuant to Section 3 will be, duly authorized, validly issued, fully paid
     and non-assessable and none of such Pledged Stock is or will be subject to
     any contractual restriction, or any restriction under the charter, by-laws
     or other organizational document of the respective Issuer of such Pledged
     Stock, upon the transfer of such Pledged Stock (except for any restriction
     contained herein or under such organizational documents).

          (e) OWNERSHIP OF PLEDGED STOCK. The Pledged Stock, if any, identified
     under the name of such Securing Party in Annex 3 constitutes (i) in the
     case of each Issuer other than a Restricted Issuer, 100% of all the issued
     and outstanding shares of capital stock of whatever class of such Issuer
     beneficially owned by such Securing Party on the date hereof (whether or
     not registered in the name of such Securing Party) and (ii) in the case

<Page>

     of each Restricted Issuer, 65% of the issued and outstanding shares of
     voting stock of such Restricted Issuer (it being understood that, in the
     case of Solutia Europe, shares of treasury stock or stock of Solutia Europe
     held by Solutia Europe shall not be deemed to be outstanding) and 100% of
     all other issued and outstanding shares of capital stock of whatever class
     of such Restricted Issuer beneficially owned by such Securing Party on the
     date hereof (whether or not registered in the name of such Securing Party);
     Annex 3 correctly identifies, as at the date hereof, the respective Issuers
     of such Pledged Stock and the respective class and par value of the shares
     constituting such Pledged Stock and the respective number of shares (and
     registered owners thereof) represented by each such certificate.

          (f) FAIR LABOR STANDARDS ACT. Any goods now or hereafter produced by
     such Securing Party or any of its Subsidiaries in the United States of
     America included in the Collateral have been and will be produced in
     compliance with the requirements of the Fair Labor Standards Act, as
     amended.

          (g) INTELLECTUAL PROPERTY. Annexes 4, 5, and 6, respectively, set
     forth under the name of such Securing Party a complete and correct list of
     all material Copyrights, material Patents and material Trademarks (in each
     case to the extent encompassed within the definition of "Intellectual
     Property" in Section 1(b) hereof) owned by such Securing Party on the date
     hereof, and all registrations listed in Annexes 4, 5, and 6, are properly
     issued and in full force and effect. Annex 7 sets forth under the name of
     such Securing Party all licenses and other user agreements pursuant to
     which such Securing Party has been granted the right to use any Copyrights,
     Patents or Trademarks owned by others and material to the business of such
     Securing Party (and, in the case of Patents, used in connection with
     production at the Mortgaged Facilities).

          To such Securing Party's knowledge, (i) except as set forth in Annex
     4, 5 or 6, there is no violation by others of any right of such Securing
     Party with respect to any material Copyright, Patent or Trademark listed in
     Annexes 4, 5, and 6, respectively, under the name of such Securing Party
     and (ii) such Securing Party is not infringing in any material respect upon
     any copyright, patent or trademark of any other Person by virtue of the
     conduct of its business or, in the case of any such patent, use in
     connection with production at any of such Securing Party's facilities, as
     applicable; and no proceedings have been instituted or are pending against
     such Securing Party or, to such Securing Party's knowledge, threatened, and
     no claim against such Securing Party has been received by such Securing
     Party, alleging any such violation, except as may be set forth in Annex 7.

          As of the date hereof, such Securing Party does not own any Trademarks
     registered in the United States of America to which the last sentence of
     the definition of Trademark Collateral applies.

          Section 3. COLLATERAL. Subject to the Lien of the Senior Non-Sharing
Security and Guarantee Agreement, as collateral security for the prompt payment
in full when due (whether at stated maturity, by acceleration or otherwise) of
the Junior Secured Obligations, each Securing Party hereby pledges and grants to
the Trustee, for the benefit of the Junior Secured Parties as

<Page>

hereinafter provided, a security interest in all of such Securing Party's right,
title and interest in the following property, whether now owned by such Securing
Party or hereafter acquired and whether now existing or hereafter coming into
existence (all being collectively referred to herein as "COLLATERAL"):

          (a) the shares of voting stock of the Issuers identified in Annex 3
     under the name of such Securing Party and all other shares of capital stock
     of whatever class of the Issuers together with all rights, privileges,
     authority and power of such Issuer with respect to such shares, in each
     case together with the certificates, instruments and agreements, if any,
     evidencing the same (collectively, the "PLEDGED STOCK"), together with:

               (i)  all shares, securities, moneys or property representing a
          dividend on any of the Pledged Stock, or representing a distribution
          or return of capital upon or in respect of the Pledged Stock, or
          resulting from a split-up, revision, reclassification or other like
          change of the Pledged Stock or otherwise received in exchange
          therefor, and any subscription warrants, rights, agreements or options
          issued to the holders of, or otherwise in respect of, the Pledged
          Stock; and

               (ii) without affecting the obligations of such Securing Party
          under any provision prohibiting such action hereunder or under the
          Solutia Credit Agreement, in the event of any consolidation or merger
          in which an Issuer is not the surviving corporation, all shares of
          each class of the capital stock of the successor corporation (unless
          such successor corporation is such Securing Party itself) formed by or
          resulting from such consolidation or merger (the Pledged Stock,
          together with all other certificates, shares, securities, properties
          or moneys as may from time to time be pledged hereunder pursuant to
          this clause (ii) and clause (i) above being herein collectively called
          the "STOCK COLLATERAL");

     PROVIDED that, notwithstanding the foregoing, the Stock Collateral of any
     Restricted Issuer shall be limited to 65% of the issued and outstanding
     shares of voting stock of such Restricted Issuer (it being understood that,
     in the case of Solutia Europe, shares of treasury stock or stock of Solutia
     Europe held by Solutia Europe shall not be deemed to be outstanding) and
     100% of all other issued and outstanding shares of capital stock of
     whatever class of such Issuer;

          (b) the Pledged Debt;

          (c) all Accounts and all Intellectual Property;

          (d) all instruments, chattel paper (whether tangible or electronic) or
     letters of credit (each as defined in the Uniform Commercial Code) of such
     Securing Party evidencing, representing, arising from or existing in
     respect of, relating to, securing or otherwise supporting the payment of,
     any of the Accounts, including (but not limited to) promissory notes,
     drafts, bills of exchange and trade acceptances (herein collectively called
     "INSTRUMENTS");

          (e) all Inventory;

<Page>

          (f) each contract and other agreement of such Securing Party relating
     to the sale or other disposition of Inventory;

          (g) all documents of title (as defined in the Uniform Commercial Code)
     or other receipts of such Securing Party covering, evidencing or
     representing Inventory (herein collectively called "DOCUMENTS");

          (h) all rights, claims and benefits of such Securing Party against any
     Person arising out of, relating to or in connection with Inventory
     purchased by such Securing Party, including any such rights, claims or
     benefits against any Person storing or transporting such Inventory;

          (i) all Investment Property and Financial Assets contained in the
     Collateral Account;

          (j) the balance from time to time in the Collateral Account; and

          (k) all proceeds, products, offspring, accessions, rents, profits,
     income, benefits, substitutions and replacements of and to any of the
     Collateral and, to the extent related to any Collateral, all books,
     correspondence, credit files, records, invoices and other papers, including
     without limitation all tapes, cards, computer runs and other papers and
     documents in the possession or under the control of such Securing Party or
     any computer bureau or service company from time to time acting for such
     Securing Party;

PROVIDED that (i) Debt (as defined in the Existing Note Indentures), or shares
of stock, of any Restricted Subsidiary owned or held by the Company or any other
Restricted Subsidiary shall not be included as part of the Collateral under this
Agreement and (ii) licenses and other user agreements pursuant to which any
Securing Party has been granted the right to use any Copyrights, Patents or
Trademarks owned by others shall be included in the Collateral only to the
extent permitted under the applicable instruments pursuant to which such
licenses and user agreements are created or granted.

          The Securing Parties hereto contemplate that the pledge of shares of
capital stock of Solutia Europe and Solutia UK Holdings Ltd. provided above may
be supplemented by one or more separate pledge agreements, executed and
delivered by the relevant Securing Parties in favor of the Trustee (each junior
to the corresponding pledge in favor of the Collateral Agent executed and
delivered pursuant to the Senior Non-Sharing Security and Guarantee Agreement),
which pledge agreements will provide for the pledge of shares in accordance with
the requirements of the law of Belgium or of England and Wales, as applicable;
upon the execution and delivery of any such pledge agreement, the provisions of
such pledge agreement shall supersede in their entirety the provisions of this
Agreement with respect to the shares of capital stock of Solutia Europe or
Solutia UK Holdings Ltd. pledged by such Securing Party hereunder.

          Section 4. CASH PROCEEDS OF COLLATERAL.

          4.01 JUNIOR COLLATERAL ACCOUNT. The Trustee will cause to be
established at a banking institution to be selected by the Trustee one or more
cash collateral accounts (collectively, the "JUNIOR COLLATERAL ACCOUNT"), which

<Page>

          (i)  to the extent of all Investment Property or Financial Assets
     (other than cash) shall be a "securities account" (as defined in Section
     8-501 of the Uniform Commercial Code) in respect of which the Trustee shall
     be the "entitlement holder" (as defined in Section 8-102(a)(7) of the
     Uniform Commercial Code) and

          (ii) to the extent of any cash, shall be a deposit account in respect
     of which the Trustee is the customer (as contemplated by Section
     9-104(a)(3) of the Uniform Commercial Code) and

into which, at any time after the Senior Payment Date, there shall be deposited
from time to time the cash proceeds of any of the Collateral (including proceeds
of insurance thereon) that the Trustee requests pursuant to Section 4.02 be
delivered hereunder and into which a Securing Party may from time to time
deposit any additional amounts that any of them wishes to pledge to the Trustee
for the benefit of the Junior Secured Parties as additional collateral security
hereunder. The balance from time to time in the Junior Collateral Account shall
constitute part of the Collateral hereunder and shall not constitute payment of
the Junior Secured Obligations until applied as hereinafter provided. If at any
time following request by the Trustee pursuant to Section 4.02 no Event of
Default shall be continuing, the Trustee shall remit the collected balance
standing to the credit of the Junior Collateral Account to or upon the order of
the respective Securing Party as such Securing Party through the Company shall
from time to time instruct, PROVIDED that at any time during the continuance of
an Event of Default, the Trustee may in its discretion apply or cause to be
applied (subject to collection) the balance from time to time standing to the
credit of the Junior Collateral Account to the payment of any Junior Secured
Obligation then due and payable in the manner specified in Section 5.09. In
addition, the Company may at any time request that the balance from time to time
standing to the credit of the Junior Collateral Account be applied to the
payment of any Junior Secured Obligations then due and payable in the manner
specified in Section 5.09. The balance from time to time in the Junior
Collateral Account shall be subject to withdrawal only as provided herein.

          4.02 PROCEEDS OF ACCOUNTS AND PLEDGED DEBT. If requested by the
Trustee at any time after the Senior Payment Date and after the occurrence and
during the continuance of an Event of Default, each Securing Party shall
instruct (i) all account debtors and other Persons obligated in respect of all
Accounts of such Securing Party to make all payments in respect of the Accounts
of such Securing Party either (a) directly to the Trustee (by instructing that
such payments be remitted to a post office box which shall be in the name and
under the control of the Trustee) or (b) to one or more other banks in the
United States of America (by instructing that such payments be remitted to a
post office box which shall be in the name and under the control of the Trustee)
under arrangements, in form and substance reasonably satisfactory to the
Trustee, pursuant to which such Securing Party shall have irrevocably instructed
such other bank (and such other bank shall have agreed) to remit all proceeds of
such payments directly to the Trustee for deposit into the Junior Collateral
Account and (ii) all Domestic Subsidiaries obligated in respect of all Pledged
Debt to make all payments in respect of the Pledged Debt directly to the
Trustee. All payments made to the Trustee, as provided in the preceding
sentence, shall be immediately deposited by the Trustee in the Junior Collateral
Account. In addition to the foregoing, each Securing Party agrees that, at any
time after the Senior Payment Date and after the occurrence and during the
continuance of an Event of Default, if the proceeds of any Collateral hereunder
(including the payments made in respect of Accounts and Pledged Debt)

<Page>

shall be received by it, such Securing Party shall, upon the request of the
Trustee, as promptly as possible deposit such proceeds into the Junior
Collateral Account. Until so deposited, all such proceeds shall be held in trust
by such Securing Party for and as the property of the Trustee and shall not be
commingled with any other funds or property of such Securing Party.

          4.03 INVESTMENT OF BALANCE IN JUNIOR COLLATERAL ACCOUNT. The cash
balance standing to the credit of the Junior Collateral Account shall be
invested from time to time in such Permitted Investments as the respective
Securing Party through the Company (or, after the occurrence and during the
continuance of a Default, the Trustee) shall determine, which Permitted
Investments shall be held in the name and be under the control of the Trustee
(and, if the Junior Collateral Account is a securities account, credited to the
Trustee), PROVIDED that at any time after the occurrence and during the
continuance of an Event of Default on or after the Senior Payment Date, the
Trustee may in its discretion at any time and from time to time elect to
liquidate any such Permitted Investments and to apply or cause to be applied the
proceeds thereof to the payment of the Junior Secured Obligations then due and
payable in the manner specified in Section 5.09.

          4.04 SENIOR COLLATERAL ACCOUNT. Prior to the Senior Payment Date, the
Collateral Agent agrees that the balance from time to time standing to the
credit of the Senior Collateral Account shall be held by the Collateral Agent
for the benefit, on a junior lien basis, of the Trustee and the 2009
Noteholders, PROVIDED that (i) prior to the Senior Payment Date, the Trustee
shall not have any right to give any instructions or consents with respect to
actions of the Collateral Agent relating to the Senior Collateral Account and
(ii) at any time after the Senior Payment Date, the Collateral Agent may in its
discretion (and shall, if requested by the Trustee) remit the balance then
standing to the credit of the Senior Collateral Account to the Trustee for
deposit into the Junior Collateral Account.

          Section 5. FURTHER ASSURANCES; REMEDIES. In furtherance of the grant
of the pledge and security interest pursuant to Section 3, the Securing Parties
hereby jointly and severally agree with each Junior Secured Party as follows:

          5.01 DELIVERY AND OTHER PERFECTION. Each Securing Party shall:

          (a) if any of the shares, securities, moneys or property required to
     be pledged by such Securing Party under clauses (a)(i) or (a)(ii) of
     Section 3 are received by such Securing Party forthwith, either (x)
     transfer and deliver to the Applicable Secured Party such shares or
     securities so received by such Securing Party (together with the
     certificates for any such shares and securities duly endorsed in blank or
     accompanied by undated stock powers duly executed in blank), all of which
     thereafter shall be held by the Applicable Secured Party, pursuant to the
     terms of the Senior Non-Sharing Security and Guarantee Agreement or this
     Agreement (as applicable), as part of the Senior Collateral (at any time
     prior to the Senior Payment Date) or the Collateral (at any time after the
     Senior Payment Date) or (y) take such other action as the Collateral Agent
     pursuant to the Senior Non-Sharing Security and Guarantee Agreement (at all
     times prior to the Senior Payment Date) or the Trustee (at any time on or
     after the Senior Payment Date) shall deem reasonably necessary or
     appropriate to duly record the Lien created hereunder in such shares,
     securities, moneys or property in said clauses (a)(i) and (a)(ii);

<Page>

          (b) deliver and pledge to the Applicable Secured Party any and all
     Instruments constituting part of the Collateral in which such Securing
     Party purports to grant a security interest hereunder, endorsed and/or
     accompanied by such instruments of assignment and transfer in such form and
     substance as the Collateral Agent pursuant to the Senior Non-Sharing
     Security and Guarantee Agreement (at all times prior to the Senior Payment
     Date) or the Trustee (at any time on or after the Senior Payment Date) may
     request; PROVIDED, that so long as no Event of Default shall have occurred
     and be continuing, such Securing Party may retain for collection in the
     ordinary course any Instruments received by such Securing Party in the
     ordinary course of its business and the Applicable Secured Party shall,
     promptly upon request of such Securing Party through the Company, make
     appropriate arrangements for making any Instrument pledged by such Securing
     Party available to such Securing Party for purposes of presentation,
     collection or renewal (any such arrangement to be effected, to the extent
     deemed appropriate by the Collateral Agent pursuant to the Senior
     Non-Sharing Security and Guarantee Agreement (at all times prior to the
     Senior Payment Date) or the Trustee (at any time on or after the Senior
     Payment Date), against trust receipt or like document);

          (c) deliver and pledge to the Applicable Secured Party any and all
     promissory notes or other instruments evidencing any of the Pledged Debt,
     endorsed and/or accompanied by such instruments of assignment and transfer
     in such form and substance as the Collateral Agent pursuant to the Senior
     Non-Sharing Security and Guarantee Agreement (at all times prior to the
     Senior Payment Date) or the Trustee (at any time on or after the Senior
     Payment Date) may request;

          (d) give, execute, deliver, file, register and record, authorize or
     obtain all such financing statements, notices, instruments, documents,
     agreements or other papers, and take such other action, as may be necessary
     or desirable (in the reasonable judgment of the Collateral Agent pursuant
     to the Senior Non-Sharing Security and Guarantee Agreement (at all times
     prior to the Senior Payment Date) or the Trustee (at any time on or after
     the Senior Payment Date)) to create, preserve, publish notice of, perfect,
     validate or preserve the priority of the security interest granted pursuant
     hereto or to enable the Applicable Secured Party to exercise and enforce
     its rights hereunder with respect to such pledge and security interest,
     including causing any or all of the Stock Collateral to be transferred of
     record into the name of the Applicable Secured Party or its nominee (and
     the Trustee agrees that if any Stock Collateral is transferred into its
     name or the name of its nominee, the Trustee will thereafter promptly give
     to the respective Securing Party copies of any notices and communications
     received by it with respect to the Stock Collateral pledged by such
     Securing Party hereunder), PROVIDED that notices to account debtors in
     respect of any Accounts or Instruments shall be subject to the provisions
     of clause (h) below;

          (e) keep accurate books and records relating to the Collateral, and
     stamp or otherwise mark such books and records in such manner as the
     Collateral Agent pursuant to the Senior Non-Sharing Security and Guarantee
     Agreement (at all times prior to the Senior Payment Date) or the Trustee
     (at any time on or after the Senior Payment Date) may reasonably require in
     order to reflect the security interests granted by this Agreement;

<Page>

          (f) permit representatives of the Collateral Agent pursuant to the
     Senior Non-Sharing Security and Guarantee Agreement (at all times prior to
     the Senior Payment Date) and the Trustee (at any time on or after the
     Senior Payment Date), upon reasonable notice, at any time during normal
     business hours to inspect and make abstracts from its books and records
     pertaining to the Collateral, and, during the continuance of an Event of
     Default, permit representatives of the Collateral Agent pursuant to the
     Senior Non-Sharing Security and Guarantee Agreement (at all times prior to
     the Senior Payment Date) and the Trustee (at any time on or after the
     Senior Payment Date) to be present at such Securing Party's place of
     business to receive copies of all communications and remittances relating
     to the Collateral, and forward copies of any notices or communications
     received by such Securing Party with respect to the Collateral, all in such
     manner as the Collateral Agent pursuant to the Senior Non-Sharing Security
     and Guarantee Agreement (at all times prior to the Senior Payment Date) and
     the Trustee (at any time on or after the Senior Payment Date) may
     reasonably require;

          (g) execute and deliver and, subject to the execution thereof by the
     Trustee, cause to be filed, such continuation statements, and do such other
     acts and things, as may be necessary to maintain the perfection of the
     security interest granted pursuant hereto; and

          (h) without limiting the provisions of Section 4.02 hereof, upon the
     occurrence and during the continuance of any Default, upon request of the
     Collateral Agent pursuant to the Senior Non-Sharing Security and Guarantee
     Agreement (at all times prior to the Senior Payment Date) or the Trustee
     (at any time on or after the Senior Payment Date), promptly notify (and
     such Securing Party hereby authorizes the Trustee so to notify) each
     account debtor in respect of any Accounts or Instruments that such
     Collateral has been assigned to the Trustee hereunder, and that any
     payments due or to become due in respect of such Collateral are to be made
     directly to the Trustee.

          5.02 SENIOR COLLATERAL. Prior to the Senior Payment Date, the
Collateral Agent agrees that all items of Senior Collateral (or instruments or
certificates evidencing the same) it holds in its possession pursuant to Section
6.01 of the Non-Sharing Security and Guarantee Agreement shall be held by the
Collateral Agent for the benefit, on a junior lien basis, of the Trustee and the
2009 Noteholders, PROVIDED that (i) prior to the Senior Payment Date, the
Trustee shall not have any right to give any instructions or consents with
respect to actions of the Collateral Agent relating to such Senior Collateral
(or instruments or certificates evidencing the same) and (ii) at any time after
the Senior Payment Date, the Collateral Agent may in its discretion (and shall,
if requested by the Trustee) remit all items of Senior Collateral to the
Trustee.

          5.03 PRESERVATION OF RIGHTS. The Trustee shall not be required to take
steps necessary to preserve any rights against prior parties to any of the
Collateral.

<Page>

          5.04 SPECIAL PROVISIONS RELATING TO CERTAIN COLLATERAL.

          (a) STOCK COLLATERAL.

          (1) PERCENTAGE PLEDGED. The Securing Parties will cause the Stock
     Collateral to constitute at all times (i) in the case of the Issuers other
     than Restricted Issuers, 100% of all the total number of shares of capital
     stock of each such Issuer then issued and outstanding and (ii) in the case
     of the Restricted Issuers, 65% of the total number of shares of the voting
     stock of the Restricted Issuers (it being understood that, in the case of
     Solutia Europe, shares of treasury stock or stock of Solutia Europe held by
     Solutia Europe shall not be deemed to be outstanding) and 100% of the total
     number of shares of all other classes of capital stock of each Restricted
     Issuer then issued and outstanding.

          (2) VOTING AND OTHER RIGHTS. So long as no Event of Default shall have
     occurred and be continuing, the Securing Parties shall have the right to
     exercise all voting, consensual and other powers of ownership pertaining to
     the Stock Collateral for all purposes not inconsistent with the terms of
     this Agreement, the Solutia Credit Agreement or any other instrument or
     agreement referred to herein or therein, PROVIDED that the Securing Parties
     jointly and severally agree that they will not vote the Stock Collateral in
     any manner that results in a violation of the terms of this Agreement, the
     Solutia Credit Agreement or any such other instrument or agreement; and the
     Collateral Agent shall execute and deliver to the Securing Parties or cause
     to be executed and delivered to the Securing Parties all such proxies,
     powers of attorney, dividend and other orders, and all such instruments,
     without recourse, as the Securing Parties may reasonably request for the
     purpose of enabling the Securing Parties to exercise the rights and powers
     that they are entitled to exercise pursuant to this Section 5.04(a)(2).

          (3) DIVIDENDS. Unless and until an Event of Default has occurred and
     is continuing, the Securing Parties shall be entitled to receive and retain
     any dividends on the Stock Collateral paid in cash out of earned surplus.

          (4) RIGHTS FOLLOWING DEFAULT. If any Event of Default shall have
     occurred, then so long as such Event of Default shall continue, and whether
     or not the Trustee or any other Junior Secured Party exercises any
     available right to declare any Junior Secured Obligation due and payable or
     seeks or pursues any other relief or remedy available to it under
     applicable law or under or in respect of this Agreement or the 2009 Notes
     Indenture, all dividends and other distributions on the Stock Collateral
     shall be paid directly to the Applicable Secured Party and retained by it
     in the Collateral Account as part of the Stock Collateral, subject to the
     terms of this Agreement, and, if the Collateral Agent pursuant to the
     Senior Non-Sharing Security and Guarantee Agreement (at all times prior to
     the Senior Payment Date) or the Trustee (at any time on or after the Senior
     Payment Date) shall so request in writing, the Securing Parties jointly and
     severally agree to execute and deliver to the Applicable Secured Party
     appropriate additional dividend, distribution and other orders and
     documents to that end, PROVIDED that if such Event of Default is cured, any
     such dividend or distribution theretofore paid to the Trustee shall, upon
     request of the Securing Parties (except to the extent theretofore applied
     to the Junior Secured Obligations), be returned by the Trustee to the
     Securing Parties.

<Page>

          (b) INTELLECTUAL PROPERTY.

          (1) For the purpose of enabling the Trustee to exercise rights and
     remedies under Section 5.05 at such time as the Trustee shall be lawfully
     entitled to exercise such rights and remedies, and for no other purpose,
     each Securing Party hereby grants to the Trustee, to the extent assignable,
     an irrevocable, non-exclusive right (exercisable without payment of royalty
     or other compensation to such Securing Party) to use, assign, license or
     sublicense any of the Intellectual Property now owned or hereafter acquired
     by such Securing Party, wherever the same may be located, including in such
     right reasonable access to all media in which any of the Intellectual
     Property may be recorded or stored and to all computer programs used for
     the compilation or printout thereof.

          (2) Notwithstanding anything contained herein to the contrary, the
     Securing Parties will be permitted to exploit, use, enjoy, protect,
     license, sublicense, assign, sell, dispose of or take other actions with
     respect to the Intellectual Property in the ordinary course of the business
     of the Securing Parties. In furtherance of the foregoing, unless an Event
     of Default shall have occurred and be continuing the Trustee shall from
     time to time, upon the request of the respective Securing Party, execute
     and deliver any instruments, certificates or other documents, in the form
     so requested, that such Securing Party through the Company shall have
     certified are appropriate (in its judgment) to allow it to take any action
     permitted above (including relinquishment of the right provided pursuant to
     clause (1) immediately above as to any specific Intellectual Property).
     Further, upon the payment in full of all of the Junior Secured Obligations
     or earlier expiration of this Agreement or release of the Collateral, the
     Trustee shall grant back to the Securing Parties the right granted pursuant
     to clause (1) immediately above. The exercise of rights and remedies under
     Section 5.05 by the Trustee shall not terminate the rights of the holders
     of any licenses or sublicenses theretofore granted by the Securing Parties
     in accordance with the first sentence of this clause (2).

          (3) At all times prior to the Senior Payment Date, the Securing
     Parties shall furnish to the Trustee copies of any statements and schedules
     delivered pursuant to Section 6.04(b)(3) of the Senior Non-Sharing Security
     and Guarantee Agreement to the Collateral Agent, and, upon any modification
     of the Senior Non-Sharing Security and Guarantee Agreement to supplement
     any of Annexes 4, 5 or 6 of the Senior Non-Sharing Security and Guarantee
     Agreement, will similarly supplement Annexes 4, 5 and 6 hereto. At all
     times on and after the Senior Payment Date, the Securing Parties will
     furnish to the Trustee from time to time (but, unless a Default (as defined
     in the 2009 Notes Indenture) shall have occurred and be continuing, no more
     frequently than semi-annually) statements and schedules further identifying
     and describing the Copyright Collateral, the Patent Collateral and the
     Trademark Collateral, respectively, and such other reports in connection
     with the Copyright Collateral, the Patent Collateral and the Trademark
     Collateral as the Trustee may reasonably request, all in reasonable detail;
     and promptly upon request of the Trustee, following receipt by the Trustee
     of any statements, schedules or reports pursuant to this clause (3), modify
     this Agreement by amending Annexes 4, 5 and/or 6, as the case may be, to
     include any Copyright, Patent or Trademark that becomes part of the
     Collateral under this Agreement.

<Page>

          5.05 EVENTS OF DEFAULT, ETC. During the period during which an Event
of Default shall have occurred and be continuing, but subject in each case to
the applicable provisions of the Junior Intercreditor Agreement:

          (a) each Securing Party shall, at the request of the Trustee, assemble
     the Collateral owned by it at such place or places, reasonably convenient
     to both the Trustee and such Securing Party, designated in the Trustee's
     request;

          (b) the Trustee may make any reasonable compromise or settlement
     deemed desirable with respect to any of the Collateral and may extend the
     time of payment, arrange for payment in installments, or otherwise modify
     the terms of, any of the Collateral;

          (c) the Trustee shall have all of the rights and remedies with respect
     to the Collateral of a secured party under the Uniform Commercial Code
     (whether or not the Uniform Commercial Code is in effect in the
     jurisdiction where the rights and remedies are asserted) and such
     additional rights and remedies to which a secured party is entitled under
     the laws in effect in any jurisdiction where any rights and remedies
     hereunder may be asserted, including the right, to the fullest extent
     permitted by applicable law, to exercise all voting, consensual and other
     powers of ownership pertaining to the Collateral as if the Trustee were the
     sole and absolute owner thereof (and each Securing Party agrees to take all
     such action as may be appropriate to give effect to such right);

          (d) the Trustee in its discretion may, in its name or in the name of
     any Securing Party or otherwise, demand, sue for, collect or receive any
     money or property at any time payable or receivable on account of or in
     exchange for any of the Collateral, but shall be under no obligation to do
     so; and

          (e) the Trustee may, upon ten Business Days' prior written notice to
     the Securing Parties of the time and place, with respect to the Collateral
     or any part thereof which shall then be or shall thereafter come into the
     possession, custody or control of the Trustee, the other Junior Secured
     Parties or any of their respective agents, sell, lease, assign or otherwise
     dispose of all or any part of such Collateral, at such place or places as
     the Trustee deems best, and for cash or for credit or for future delivery
     (without thereby assuming any credit risk), at public or private sale,
     without demand of performance or notice of intention to effect any such
     disposition or of the time or place thereof (except such notice as is
     required above or by applicable statute and cannot be waived), and the
     Trustee or any other Junior Secured Party or anyone else may be the
     purchaser, lessee, assignee or recipient of any or all of the Collateral so
     disposed of at any public sale (or, to the extent permitted by law, at any
     private sale) and thereafter, to the fullest extent permitted by law, hold
     the same absolutely, free from any claim or right of whatsoever kind,
     including any right or equity of redemption (statutory or otherwise), of
     the Securing Parties, any such demand, notice and right or equity being
     hereby expressly waived and released, to the fullest extent permitted by
     law. In the event of any sale, assignment, or other disposition of any of
     the Trademark Collateral, the goodwill connected with and symbolized by the
     Trademark Collateral subject to such disposition shall be included, and the
     Securing Parties shall supply to the Trustee or its designee, for inclusion
     in such sale,

<Page>

     assignment or other disposition, all Intellectual Property relating to such
     Trademark Collateral. The Trustee may, without notice or publication,
     adjourn any public or private sale or cause the same to be adjourned from
     time to time by announcement at the time and place fixed for the sale, and
     such sale may be made at any time or place to which the sale may be so
     adjourned.

The proceeds of each collection, sale or other disposition under this
Section 5.05 shall be applied in accordance with Section 5.09.

          The Securing Parties recognize that, by reason of certain prohibitions
contained in the Securities Act of 1933, as amended, and applicable state
securities laws, the Trustee may be compelled, with respect to any sale of all
or any part of the Collateral, to limit purchasers to those who will agree,
among other things, to acquire the Collateral for their own account, for
investment and not with a view to the distribution or resale thereof. The
Securing Parties acknowledge that any such private sales may be at prices and on
terms less favorable to the Trustee than those obtainable through a public sale
without such restrictions, and, notwithstanding such circumstances, agree that
any such private sale shall be deemed to have been made in a commercially
reasonable manner and that the Trustee shall have no obligation to engage in
public sales and no obligation to delay the sale of any Collateral for the
period of time necessary to permit the Company or issuer thereof to register it
for public sale.

          5.06 DEFICIENCY. If the proceeds of sale, collection or other
realization of or upon the Collateral pursuant to Section 5.05 are insufficient
to cover the costs and expenses of such realization and the payment in full of
the Junior Secured Obligations, the Securing Parties shall remain liable for any
deficiency.

          5.07 LOCATIONS; NAMES. Without at least 30 days' prior written notice
to the Trustee, no Securing Party shall change its "location" (as defined in
Section 9-307 of the Uniform Commercial Code) or change its name from the name
shown as its current legal name on Annex 1.

          5.08 PRIVATE SALE. The Trustee and the Junior Secured Parties shall
incur no liability as a result of the sale of the Collateral, or any part
thereof, at any private sale pursuant to Section 5.05 conducted in a
commercially reasonable manner. Each Securing Party hereby waives any claims
against the Trustee or any other Junior Secured Party arising by reason of the
fact that the price at which the Collateral may have been sold at such a private
sale was less than the price which might have been obtained at a public sale or
was less than the aggregate amount of the Junior Secured Obligations, even if
the Trustee accepts the first offer received and does not offer the Collateral
to more than one offeree.

          5.09 APPLICATION OF PROCEEDS. Except as otherwise herein expressly
provided, the proceeds of any collection, sale or other realization of all or
any part of the Collateral pursuant hereto, and any other cash at the time held
by the Trustee under this Section 5, shall be applied by the Trustee:

          FIRST, to the payment of the costs and expenses of such collection,
     sale or other realization, including reasonable out-of-pocket costs and
     expenses of the Trustee and the

<Page>

     fees and expenses of its agents and counsel, and all expenses incurred and
     advances made by the Trustee in connection therewith;

          SECOND, to the payment in full of the Junior Secured Obligations in
     such manner of application as required under the 2009 Notes Indenture; and

          FINALLY, to the payment to the respective Securing Parties, or their
     respective successors or assigns, or as a court of competent jurisdiction
     may direct, of any surplus then remaining.

          5.10 ATTORNEY-IN-FACT. Without limiting any rights or powers granted
by this Agreement to the Trustee while no Event of Default has occurred and is
continuing, upon the occurrence and during the continuance of any Event of
Default the Trustee is hereby appointed, subject to the rights of the Collateral
Agent under the Senior Non-Sharing Security and Guarantee Agreement, the
attorney-in-fact of each Securing Party for the purpose of carrying out the
provisions of this Section 5 and taking any action and executing any instruments
which the Trustee may reasonably deem necessary or advisable to accomplish the
purposes hereof, which appointment as attorney-in-fact is irrevocable and
coupled with an interest. Without limiting the generality of the foregoing, so
long as the Trustee shall be entitled under this Section 5 to make collections
in respect of the Collateral, the Trustee shall have the right and power to
receive, endorse and collect all checks made payable to the order of any
Securing Party representing any dividend, payment or other distribution in
respect of the Collateral or any part thereof and to give full discharge for the
same.

          5.11 PERFECTION. Prior to or concurrently with the execution and
delivery of this Agreement, each Securing Party shall (i) file such financing
statements and other documents in such offices as the Trustee may reasonably
request to perfect the security interests granted by Section 3 of this
Agreement, (ii) deliver to the Applicable Secured Party all certificates
evidencing any of the Pledged Stock, accompanied by undated stock powers duly
executed in blank, and, to the extent required by Section 3(b), all promissory
notes and other instruments evidencing any Pledged Debt identified in Annex 8
and (iii) execute and deliver such short form assignments or security agreements
relating to Collateral consisting of the Intellectual Property as the Collateral
Agent pursuant to the Senior Non-Sharing Security and Guarantee Agreement (at
all times prior to the Senior Payment Date) or the Trustee (at any time on or
after the Senior Payment Date) may reasonably request. Without limiting the
foregoing, each Securing Party consents that Uniform Commercial Code financing
statements may be filed describing the Collateral as set forth in Section 3.

          5.12 TERMINATION. When all Junior Secured Obligations shall have been
paid in full, this Agreement shall terminate, and the Trustee shall forthwith
cause to be assigned, transferred and delivered, against receipt but without any
recourse, warranty or representation whatsoever, any remaining Collateral and
money received in respect thereof, to or on the order of the respective Securing
Party. The Trustee shall, at the expense of the Company, also execute and
deliver to the respective Securing Party upon such termination such Uniform
Commercial Code termination statements and such other documentation as shall be
reasonably requested by the respective Securing Party to effect the termination
and release of the Liens on the Collateral.

<Page>

          5.13 FURTHER ASSURANCES. Each Securing Party agrees that, from time to
time upon the written request of the Trustee, such Securing Party will execute
and deliver such further documents and do such other acts and things as the
Collateral Agent may reasonably request in order fully to effect the purposes of
this Agreement.

          Section 6. MISCELLANEOUS.

          6.01 NOTICES. All notices, requests, consents and demands hereunder
shall be in writing and telecopied or delivered to the respective parties hereto
pursuant to Section 6.01 of the Junior Intercreditor Agreement. All such
communications shall be deemed to have been given at the times specified in said
Section 6.01.

          6.02 NO WAIVER. No failure on the part of the Trustee or any other
Junior Secured Party to exercise, and no course of dealing with respect to, and
no delay in exercising, any right, power or remedy hereunder shall operate as a
waiver thereof; nor shall any single or partial exercise by the Trustee or any
other Junior Secured Party of any right, power or remedy hereunder preclude any
other or further exercise thereof or the exercise of any other right, power or
remedy. The remedies herein are cumulative and are not exclusive of any remedies
provided by law.

          6.03 AMENDMENTS, ETC. The terms of this Agreement may be waived,
altered or amended only by an instrument in writing duly executed by each
Securing Party and the Trustee in accordance with the provisions of Section 6.03
of the Junior Intercreditor Agreement (or as otherwise provided in said Section
6.03), PROVIDED that no such amendment shall alter or impose any obligations
upon, or affect any of the rights of, the Collateral Agent hereunder without the
consent of the Collateral Agent. Any such amendment or waiver shall be binding
upon the Trustee, the Collateral Agent, each other Junior Secured Party and each
Securing Party.

          6.04 EXPENSES. The Securing Parties jointly and severally agree to
reimburse each of the Trustee and the 2009 Noteholders for all reasonable costs
and expenses of the Trustee and the other Junior Secured Parties (including the
reasonable fees and expenses of legal counsel) in connection with (i) any
Default and any enforcement or collection proceeding resulting therefrom,
including all manner of participation in or other involvement with (w)
performance by the Trustee of any obligations of the Securing Parties in respect
of the Collateral that the Securing Parties have failed or refused to perform,
(x) bankruptcy, insolvency, receivership, foreclosure, winding up or liquidation
proceedings, or any actual or attempted sale, or any exchange, enforcement,
collection, compromise or settlement in respect of any of the Collateral, and
for the care of the Collateral and defending or asserting rights and claims of
the Trustee in respect thereof, by litigation or otherwise, including expenses
of insurance, (y) judicial or regulatory proceedings and (z) workout,
restructuring or other negotiations or proceedings (whether or not the workout,
restructuring or transaction contemplated thereby is consummated) and (ii) the
enforcement of this Section 6.04, and all such costs and expenses shall be
Junior Secured Obligations entitled to the benefits of the collateral security
provided pursuant to Section 3.

          6.05 SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and
inure to the benefit of the respective successors and assigns of each Securing
Party, the Collateral Agent,

<Page>

the Trustee, each Junior Secured Party and each holder of any of the Junior
Secured Obligations (PROVIDED that no Securing Party shall assign or transfer
its rights or obligations hereunder without the prior written consent of the
Trustee).

          6.06 NO DUTY ON THE PART OF THE COLLATERAL AGENT. Anything herein to
the contrary notwithstanding, the Collateral Agent shall not have any duty to
the Trustee or any other Junior Secured Party hereunder, other than (i) to hold
the balance from time to time standing to the credit of the Senior Collateral
Account as provided in Section 4.04 and (ii) to hold as bailee the shares,
securities, moneys, property, instruments, promissory notes and other items of
possessory Collateral on behalf of the Trustee and the other Junior Secured
Parties as provided in Section 5.02. Nothing herein shall be deemed to require
that the Collateral Agent first obtain the consent of the Trustee or any other
Junior Secured Party to release or terminate any Lien covering the Senior
Collateral.

          6.07 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, all of which taken together shall constitute one and the same
instrument and any of the parties hereto may execute this Agreement by signing
any such counterpart.

          6.08 GOVERNING LAW. This Agreement shall be governed by, and construed
in accordance with, the law of the State of New York.

          6.09 CAPTIONS. The captions and section headings appearing herein are
included solely for convenience of reference and are not intended to affect the
interpretation of any provision of this Agreement.

          6.10 AGENTS AND ATTORNEYS-IN-FACT. The Trustee may employ agents and
attorneys-in-fact in connection herewith and shall not be responsible for the
negligence or willful misconduct of any such agents or attorneys-in-fact
selected by it with due care.

          6.11 SEVERABILITY. If any provision hereof is invalid and
unenforceable in any jurisdiction, then, to the fullest extent permitted by law,
(a) the other provisions hereof shall remain in full force and effect in such
jurisdiction and (b) the invalidity or unenforceability of any provision hereof
in any jurisdiction shall not affect the validity or enforceability of such
provision in any other jurisdiction.

          6.12 ADDITIONAL SUBSIDIARY GUARANTORS. New Domestic Subsidiaries of
the Company formed or acquired by the Company after the date hereof and any
Domestic Subsidiary that ceases to be an "Immaterial Subsidiary" (as defined in
the Solutia Credit Agreement) which become a Subsidiary Guarantor under the 2009
Notes Indenture and grant Liens on any "Collateral" under and as defined in the
Senior Non-Sharing Security Documents, shall become a "Subsidiary Guarantor"
under this Agreement, by executing and delivering to the Collateral Agent and
the Trustee a Guarantee Assumption Agreement in the form of Exhibit A to the
Junior Intercreditor Agreement. Accordingly, upon the execution and delivery of
any such Guarantee Assumption Agreement by any such Subsidiary, such new
Subsidiary shall automatically and immediately, and without any further action
on the part of any Person, become a "Subsidiary Guarantor" and an "Securing
Party" for all purposes of this Agreement.

<Page>

          IN WITNESS WHEREOF, the parties hereto have caused this Junior
Security Agreement to be duly executed and delivered as of the day and year
first above written.

                                       SOLUTIA INC.

                                       By: /s/ Kevin Wilson
                                          ------------------------------------
                                          Name: Kevin Wilson
                                          Title: Vice President and Treasurer

                                  SUBSIDIARY GUARANTORS

                                       CPFILMS INC.

                                       By: /s/ Kevin Wilson
                                          ------------------------------------
                                          Name: Kevin Wilson
                                          Title: Attorney-in-Fact

                                       MONCHEM, INC.

                                       By: /s/ Kevin Wilson
                                          ------------------------------------
                                          Name: Kevin Wilson
                                          Title: President

                                       MONCHEM INTERNATIONAL, INC.

                                       By: /s/ Kevin Wilson
                                          ------------------------------------
                                          Name: Kevin Wilson
                                          Title: President

<Page>

                                       SOLUTIA SYSTEMS, INC.

                                       By: /s/ Kevin Wilson
                                          ------------------------------------
                                          Name: Kevin Wilson
                                          Title: President

                                  COLLATERAL AGENT

                                       CITIBANK, N.A., as Collateral Agent

                                       By: /s/ James N. Simpson
                                          ------------------------------------
                                          Name: James N. Simpson
                                          Title: Vice President

                                  TRUSTEE

                                       HSBC BANK USA, as Trustee

                                       By: /s/ Harriet Drandoff
                                          ------------------------------------
                                          Name: Harriet Drandoff
                                          Title: Vice President

<Page>

                                                                         ANNEX 1

                                 FILING DETAILS
<Table>
<Caption>

                    TYPE OF
                  ORGANIZATION                   ORGANIZATIONAL                  PLACE OF BUSINESS OR                   FORMER
 CURRENT LEGAL    (CORPORATION,    JURISDICTION       ID                          LOCATION OF CHIEF      LOCATION        LEGAL
NAME (NO TRADE  LIMITED LIABILITY       OF          NUMBER       CURRENT MAILING      EXECUTIVE             OF          NAME(s)
     NAMES)      COMPANY, ETC.)    ORGANIZATION (IF APPLICABLE)     ADDRESS           OFFICER              GOODS        (IF ANY)
-----------------------------------------------------------------------------------------------------------------------------------
 <S>              <C>                <C>            <C>          <C>                 <C>               <C>          <C>
  Solutia Inc.    Corporation        Delaware       2735025       575 Maryville      575 Maryville      Alvin, TX   Queeny Chemical
                                                                  Centre Drive       Centre Drive      Cantonment,      Company
                                                                  St. Louis, MO      St. Louis, MO          FL
                                                                      63141              63141         Decatur, AL
                                                                                                        Foley, AL
                                                                                                        Greenwood,
                                                                                                            SC
                                                                                                       Springfield,
                                                                                                            MA
                                                                                                        St. Louis,
                                                                                                            MO
                                                                                                       Trenton, MI
-----------------------------------------------------------------------------------------------------------------------------------
    Solutia       Corporation        Delaware       2976482       575 Maryville      575 Maryville         Not            None
 Systems, Inc.                                                     Centre Drive       Centre Drive      applicable
                                                                  St. Louis, MO      St. Louis, MO
                                                                      63141              63141
-----------------------------------------------------------------------------------------------------------------------------------
    Monchem       Corporation        Delaware       2735035      The Corporation     575 Maryville         Not            None
 International,                                                   Trust Company       Centre Drive      applicable
      Inc.                                                         1209 Orange       St. Louis, MO
                                                                      Street             63141
                                                                  Wilmington, DE
                                                                      19801
-----------------------------------------------------------------------------------------------------------------------------------
 Monchem, Inc.    Corporation        Delaware       2735322      The Corporation     575 Maryville         Not            None
                                                                  Trust Company       Centre Drive      applicable
                                                                   1209 Orange       St. Louis, MO
                                                                      Street             63141
                                                                  Wilmington, DE
                                                                      19801
-----------------------------------------------------------------------------------------------------------------------------------
 CPFilms Inc.     Corporation        Delaware       0312016       4210 The Great     4210 The Great    Fieldale, VA    Courtaulds
                                                                       Road               Road                        Performance
                                                                   Fieldale, VA       Fieldale, VA                    Films, Inc.
                                                                      24089              24089                           Martin
                                                                                                                    Processing, Inc.
                                                                                                                    Hat Corporation
                                                                                                                     of America
-----------------------------------------------------------------------------------------------------------------------------------
</Table>

                            JUNIOR SECURITY AGREEMENT

<Page>

                                                                         ANNEX 2

                               "NEW DEBTOR" EVENTS

                                      None.

                            JUNIOR SECURITY AGREEMENT

<Page>

                                                                         ANNEX 3

                                  PLEDGED STOCK

                                  Solutia Inc.
<Table>
<Caption>
                                                                        NUMBER OF SHARES
       ISSUER             CERTIFICATE NO(S).     REGISTERED OWNER            PLEDGED
------------------------------------------------------------------------------------------
<S>                              <C>               <C>               <C>
Monchem
 International, Inc.             3                 Solutia Inc.      6.5 shares of common
                                                                     stock with par value
                                                                     $1.00 each
------------------------------------------------------------------------------------------
Solutia Systems, Inc.            2                 Solutia Inc.      100 shares of common
                                                                     stock with par value
                                                                     $0.01 each

------------------------------------------------------------------------------------------
</Table>

                           Monchem International, Inc.

<Table>
<Caption>
                                                                                NUMBER OF SHARES
         ISSUER            CERTIFICATE NO(S).       REGISTERED OWNER                PLEDGED
----------------------------------------------------------------------------------------------------
<S>                       <C>                   <C>                           <C>
Monchem, Inc.                       3           Monchem International, Inc.   10 shares of common
                                                                              stock with par value
                                                                              $1.00 each
----------------------------------------------------------------------------------------------------
Solutia UK Holdings Ltd.            2           Monchem International, Inc.   4,602,926 ordinary
                                                                              shares of L0.01 each
----------------------------------------------------------------------------------------------------
Solutia Europe S.A./N.V.  No certificates, but  Monchem International, Inc.   11,870 registered
                          shares are numbered                                 shares without nominal
                          488,321 through                                     value
                          500,190

----------------------------------------------------------------------------------------------------
</Table>

                            JUNIOR SECURITY AGREEMENT

<Page>

                                                                         ANNEX 4

                 LIST OF COPYRIGHTS, COPYRIGHT REGISTRATIONS AND
                    APPLICATIONS FOR COPYRIGHT REGISTRATIONS

                                    [To Come]

                            JUNIOR SECURITY AGREEMENT

<Page>

                                                                         ANNEX 5

                     LIST OF PATENTS AND PATENT APPLICATIONS

                                    [To Come]

                            JUNIOR SECURITY AGREEMENT

<Page>

                                                                         ANNEX 6

                LIST OF TRADE NAMES, TRADEMARKS, SERVICES MARKS,
                  TRADEMARK AND SERVICE MARK REGISTRATIONS AND
            APPLICATIONS FOR TRADEMARK AND SERVICE MARK REGISTRATIONS

                                    [To Come]

                            JUNIOR SECURITY AGREEMENT

<Page>

                                                                         ANNEX 7

                LIST OF CONTRACTS, LICENSES AND OTHER AGREEMENTS

                                    [To Come]

                            JUNIOR SECURITY AGREEMENT

<Page>

                                                                         ANNEX 8

                                  PLEDGED DEBT

                       [See Definition of "Pledged Debt"]

                            JUNIOR SECURITY AGREEMENT

<Page>

                                      - 2 -

                SUBORDINATED INDEBTEDNESS SUBORDINATION AGREEMENT

<Page>

                                      - 3 -

                SUBORDINATED INDEBTEDNESS SUBORDINATION AGREEMENT<PAGE>

                                                                   Exhibit 10.1

                                                                 EXECUTION COPY

                       AMENDMENT NO. 1 TO CREDIT AGREEMENT
                       -----------------------------------

     This Amendment No. 1 to Credit Agreement (this "Amendment") is entered into
as of August 13, 2002 by and among BJ's Wholesale Club, Inc., a Delaware
corporation (the "Borrower"), Bank One, NA, a national banking association
having its principal office in Chicago, Illinois, as LC Issuer, as Swing Line
Lender and as Agent (the "Agent"), and the other financial institutions
signatory hereto (the "Lenders").

                                    RECITALS
                                    --------

     A.  The Borrower, the Agent and the Lenders are party to that certain
$200,000,000 Credit Agreement dated as of June 12, 2002 (the "Credit
Agreement"). Unless otherwise specified herein, capitalized terms used in this
Amendment shall have the meanings ascribed to them by the Credit Agreement.

     B.  The Borrower, the Agent and the Lenders wish to amend the Credit
Agreement on the terms and conditions set forth below.

     Now, therefore, in consideration of the mutual execution hereof and other
good and valuable consideration, the parties hereto agree as follows:

          1.  Amendment to Credit Agreement. Upon the "Effective Date" (as
defined below), the Credit Agreement shall be amended as follows:

               Section 6.19.3 is amended by deleting the reference contained
          therein to the dollar amount of "$565,000,000" and replacing it with a
          reference to the dollar amount of "$515,000,000".

          2. Representations and Warranties of the Borrower. The Borrower
represents and warrants that:

               (a)  The execution, delivery and performance by the Borrower of
          this Amendment have been duly authorized by all necessary corporate
          action and that this Amendment and the Credit Agreement, as amended
          hereby, are legal, valid and binding obligations of the Borrower
          enforceable against the Borrower in accordance with their respective
          terms, except as the enforcement thereof may be subject to (i) the
          effect of any applicable bankruptcy, insolvency, reorganization,
          moratorium or similar law affecting creditors' rights generally and
          (ii) general principles of equity (regardless of whether such
          enforcement is sought in a proceeding in equity or at law);

                                       1

<PAGE>

               (b)  Each of the representations and warranties contained in the
          Credit Agreement is true and correct in all material respects on and
          as of the date hereof as if made on the date hereof; and

               (c)  No Default or Unmatured Default has occurred and is
          continuing.

          3.  Effective Date. Section 1 of this Amendment shall become effective
upon:

               (a)  the execution and delivery hereof by the Borrower, the Agent
          and the Required Lenders (without respect to whether it has been
          executed and delivered by all the Lenders); and

               (b)  the Borrower having delivered to the Agent all of the
          following documents:

                    (i)  A Reaffirmation of Guaranty in the form of Exhibit A
               hereto executed by each of the Guarantors;

                    (ii)  A certificate, executed by the Secretary or Assistant
               Secretary of the Borrower, certifying (A) an attached copy of
               resolutions of its Board of Directors authorizing or ratifying
               the execution, delivery and performance by the Borrower of this
               Amendment and (B) that there has been no amendments, supplements
               or modifications to any of the Articles of Incorporation, Bylaws
               or certificate of incumbency of the Borrower previously delivered
               to the Lenders on June 12, 2002, or attached copies of such
               amendments, supplements or modifications; and

                    (iii)  Such other documents as the Agent may reasonably
               request.

     The date upon which such events have occurred is the "Effective Date".

          4.  Reference to and Effect Upon the Credit Agreement.

               (a)  Except as specifically amended above, the Credit Agreement
          and the other Loan Documents shall remain in full force and effect and
          are hereby ratified and confirmed.

               (b)  The execution, delivery and effectiveness of this Amendment
          shall not operate as a waiver of any right, power or remedy of the
          Agent or any Lender under the Credit Agreement or any Loan Document,
          nor constitute a waiver of any provision of the Credit Agreement or
          any Loan Document. Upon the effectiveness of this Amendment, each
          reference in the Credit Agreement to "this Agreement", "hereunder",
          "hereof", "herein" or words of similar import shall mean and be a
          reference to the Credit Agreement as amended hereby.

                                       2

<PAGE>

          5.  Costs and Expenses. The Borrower hereby affirms its obligations
     under Section 9.6 of the Credit Agreement to reimburse the Agent for all
     reasonable costs, internal charges and out-of-pocket expenses paid or
     incurred by the Agent in connection with the preparation, negotiation,
     execution and delivery of this Amendment, including but not limited to
     attorneys' fees and time charges of attorneys for the Agent with respect
     thereto.

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

          7.  Headings. Section headings in this Amendment are included herein
     for convenience of reference only and shall not constitute a part of this
     Amendment for any other purposes.

          8.  Counterparts. This Amendment may be executed in any number of
     counterparts, each of which when so executed shall be deemed an original
     but all such counterparts shall constitute one and the same instrument.

                           [signature pages to follow]

                                       3

<PAGE>

     IN WITNESS WHEREOF, the parties executed this Amendment as of the date and
year first above written.

                          BJ'S WHOLESALE CLUB, INC.

                          By: /s/ Frank Forward
                             -----------------------------
                          Name:  Frank Forward
                          Title: Executive Vice President

                                 Address:   One Mercer Road
                                            P.O. Box 9600
                                            Natick, Massachusetts  01760
                                            Attn: Frank Forward
                                            Executive Vice President and
                                            Chief Financial Officer

                                 Telephone: (508) 651-6500
                                 Telecopy:  (508) 651-6623

                                 with a copy to:

                                 Address:   One Mercer Road
                                            P.O. Box 9600
                                            Natick, Massachusetts  01760
                                            Attn: General Counsel

                                 Telephone: (508) 651-6670
                                 Telecopy:  (508) 651-6551

Signature page to Amendment No. 1
to Credit Agreement for BJ's Wholesale Club, Inc.

                                       4

<PAGE>

                                 BANK ONE, NA,
                                 Individually, as LC Issuer, as Swing Line
                                 Lender and as Agent

                                 By: /s/ Vincent R. Henchek
                                    -----------------------------
                                 Print Name: Vincent R. Henchek
                                 Title:      Director

                                 Address:   1 Bank One Plaza
                                            Chicago, Illinois 60670
                                            Attn: John Runger

                                 Telephone: (312) 732-7101
                                 Telecopy:  (312) 336-4380

Signature page to Amendment No. 1
to Credit Agreement for BJ's Wholesale Club, Inc.

                                       5

<PAGE>

                                 FLEET NATIONAL BANK

                                 By: /s/ Suzanne Chomiezewski
                                 ------------------------------------
                                 Print Name: Suzanne Chomiezewski
                                 Title:      Vice President

                                 Address:   100 Federal Street
                                            MADE 10009A
                                            Boston, MA 02110
                                            Attn: Suzanne Chomiezewski

                                 Telephone: (617) 434-3325
                                 Telecopy:  (617) 434-6685

Signature page to Amendment No. 1
to Credit Agreement for BJ's Wholesale Club, Inc.

                                       6

<PAGE>

                                 CITIZENS BANK OF MASSACHUSETTS

                                 By: /s/ Stephen F. Foley
                                 ------------------------------------
                                 Print Name: Stephen F. Foley
                                 Title:      Vice President

                                 Address:   28 State Street
                                            Boston, MA 02109
                                            Attn: Stephen F. Foley

                                 Telephone: (617) 994-7029
                                 Telecopy:  (617) 263-0439

Signature page to Amendment No. 1
to Credit Agreement for BJ's Wholesale Club, Inc.

                                       7

<PAGE>

                                 SUNTRUST BANK

                                 By: /s/ Karen C. Copeland
                                 ------------------------------------
                                 Print Name: Karen C. Copeland
                                 Title:      Vice President

                                 Address:   711 Fifth Avenue 16th floor
                                            New York, New York 10022
                                            Attn: Kelly Gillespie

                                 Telephone: (212) 583-2607
                                 Telecopy:  (212) 371-9386

Signature page to Amendment No. 1
to Credit Agreement for BJ's Wholesale Club, Inc.

                                       8

<PAGE>

                                 WACHOVIA BANK, N.A.

                                 By: /s/ Beth Rue
                                 ------------------------------------
                                 Print Name: Beth Rue
                                 Title:      Vice President

                                 Address:   1 South Penn Square
                                            Philadelphia, PA 19107
                                            Attn: PA 4830

                                 Telephone: (267) 321-6619
                                 Telecopy:  (267) 321-6700

Signature page to Amendment No. 1
to Credit Agreement for BJ's Wholesale Club, Inc.

                                       9

<PAGE>

                                 THE BANK OF NEW YORK

                                 By: /s/ David C. Judge
                                 ------------------------------------
                                 Print Name: David C. Judge
                                 Title:      Senior Vice President

                                 Address:

                                 Telephone: (   )
                                 Telecopy:  (   )

Signature page to Amendment No. 1
to Credit Agreement for BJ's Wholesale Club, Inc.

                                       10

<PAGE>

                                 FIFTH THIRD BANK

                                 By: /s/ Christine L. Wagner
                                 ------------------------------------
                                 Print Name: Christine L. Wagner
                                 Title:      Assistant Vice President

                                 Address:   38 Fountain Square, MD
                                            109054
                                            Cincinnati, OH 45202
                                            Attn: Christine Wagner

                                 Telephone: (513) 534-7348
                                 Telecopy:  (513) 534-5947

Signature page to Amendment No. 1
to Credit Agreement for BJ's Wholesale Club, Inc.

                                       11

<PAGE>

                                 U.S. BANK NATIONAL ASSOCIATION

                                 By: /s/ Thomas L. Bayer
                                 ------------------------------------
                                 Print Name: Thomas L. Bayer
                                 Title:      Vice President

                                 Address:   One U.S. Bank Plaza
                                            St. Louis, MO 63101
                                            Attn:

                                 Telephone: (314) 418-3993
                                 Telecopy:  (314) 418-3859

Signature page to Amendment No. 1
to Credit Agreement for BJ's Wholesale Club, Inc.

                                       12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}]]