Document:

Exhibit 10.11

                      FOURTH AMENDMENT TO CREDIT AGREEMENT
                      ------------------------------------

         This FOURTH AMENDMENT (this "Amendment") dated as of November 20, 2000,
is among (a) WASTE INDUSTRIES, INC., a North Carolina corporation having its
principal place of business at 3301 Benson Drive, Suite 601, Raleigh, North
Carolina 27609 (the "Parent"), and each of the subsidiaries of the Parent (the
"Subsidiaries" and together with the Parent, the "Borrowers"), (b) FLEET
NATIONAL BANK (f/k/a BankBoston, N.A.), a national banking association having
its principal place of business at 100 Federal Street, Boston, Massachusetts
02110, and the other lending institutions listed on the signature pages hereto
(collectively, the "Banks"), (c) FLEET NATIONAL BANK (f/k/a BankBoston, N.A.),
as Administrative Agent for the Banks (the "Administrative Agent"), and (d)
BRANCH BANKING AND TRUST COMPANY, as Documentation Agent for the Banks (the
"Documentation Agent").

         WHEREAS, the Borrowers, the Banks, the Administrative Agent and the
Documentation Agent are parties to that certain Revolving Credit Agreement dated
as of November 9, 1999 (as amended, the "Credit Agreement");

         NOW, THEREFORE, the Borrowers, the Administrative Agent and the Banks
hereby agree as follows:

         ss.1. Defined Terms. Capitalized terms which are used herein without
definition and which are defined in the Credit Agreement shall have the same
meanings herein as in the Credit Agreement.

         ss.2. Amendment to Credit Agreement.

         (a) Section 8.3 of the Credit Agreement is hereby amended by deleting
that Section in its entirety, and replacing it with the following New Section
8.3.:

                  "8.3.  Consolidated Net Worth.

                  Commencing with the fiscal quarter ended September 30, 2000,
         the Borrowers will not permit their Consolidated Net Worth at the end
         of any fiscal quarter to be less than the sum of $65,250,000 plus the
         sum of (a) 50% of positive Consolidated Net Income for each fiscal
         quarter, beginning with the fiscal quarter ended December 31, 2000, and
         (ii) 100% of the net proceeds of any sale by the Borrowers of (A)
         equity securities issued by the Borrowers or (B) warrants or
         subscription rights for equity securities issued by the Borrowers
         occurring after September 30, 2000."

         ss.3. Representations and Warranties. Each of the Borrowers represents
and warrants to the Administrative Agent and the Banks as follows:
<PAGE>

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         (a) The representations and warranties of the Borrowers contained in
the Credit Agreement, as amended hereby, (i) were true and correct in all
material respects when made, and (ii) continue to be true and correct in all
material respects on the date hereof, except to the extent such representations
and warranties by their terms are made solely as of a prior date.

         (b) The execution and delivery by the Borrowers of this Amendment and
the performance by the Borrowers of all of their agreements and obligations
under this Amendment and the Credit Agreement and the other Loan Documents as
amended hereby (i) are within the authority of each of the Borrowers, (ii) have
been duly authorized by all necessary proceedings or actions by each of the
Borrowers, (iii) do not conflict with or result in any breach or contravention
of any provision of law, statute, rule or regulation to which the Borrowers are
subject or any judgment, order, writ, injunction, license or permit applicable
to the Borrowers, and (iv) do not conflict with any provision of the charter,
by-laws or any agreement or other instrument binding upon any of the Borrowers.

         (c) This Amendment, and the Credit Agreement as amended hereby, and the
other Loan Documents to which each of the Borrowers is a party constitute the
legal, valid and binding obligations of each of the Borrowers (as the case may
be) enforceable against each such Person in accordance with their respective
terms.

         ss.4. Conditions to Effectiveness. This Amendment shall be effective
upon receipt by the Administrative Agent of the following:

         (a) original counterpart signatures (or a faxed copy thereof with
originals to follow) to this Amendment, duly executed and delivered by the
Borrowers and the Majority Banks;

         (b) a copy of the duly executed amendments to the Purchase Agreements
to conform Section 6B therein to this Amendment; and

         (c) an amendment fee in the amount of Seven Thousand Five Hundred
Dollars ($7,500) (the "Amendment Fee"), payable to each Bank executing this
Amendment, provided, that each Bank executing this Amendment must have returned
a copy of its original executed counterpart of this Amendment to the
Administrative Agent, via facsimile, by 5:00 P.M. on November 22, 2000 in order
to be entitled to the Amendment Fee.

<PAGE>

                                      -3-

         ss.5. Confirmatory Waivers.

         (a) Subject to the satisfaction of the conditions set forth in ss.4,
the Banks confirm that they will have waived, by the consequent amendment to
Section 8.3 of the Credit Agreement as contemplated hereby, any Event of Default
resulting from the Borrowers' failure to comply with the deleted Section 8.3 of
the Credit Agreement for the fiscal quarter ending September 30, 2000.

         (b) The waivers referred to in ss.5(a) shall not extend to (i) any
failure of the Borrower or the Parent to comply with Section 8.3 of the Credit
Agreement after giving effect to this Amendment and (ii) any other Event of
Default not expressly referred to in ss.5(a).

         ss.6. Costs and Expenses. The Borrowers acknowledge and agree that the
reasonable costs and expenses incurred by the Administrative Agent (including
attorneys' fees) in the preparation, negotiation and execution of this Amendment
and the other documents and instruments contemplated hereby are for the account
of the Borrowers as provided in ss.15 of the Credit Agreement.

         ss.7. Miscellaneous Provisions.

         (a) Except as otherwise expressly provided by this Amendment, all of
the terms, conditions and provisions of the Credit Agreement shall remain the
same. It is declared and agreed by each of the parties hereto that the Credit
Agreement, as amended hereby, shall continue in full force and effect, and that
this Amendment and the Credit Agreement shall be read and construed as one
instrument.

         (b) THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT UNDER SEAL UNDER
THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS AND SHALL FOR ALL PURPOSES BE
GOVERNED BY, AND CONSTRUED ACCORDING TO, THE LAWS OF THE COMMONWEALTH OF
MASSACHUSETTS (EXCLUDING THE LAWS APPLICABLE TO CONFLICTS OR CHOICE OF LAW).

         (c) This Amendment may be executed in any number of counterparts, but
all such counterparts shall together constitute but one instrument. In making
proof of this Amendment it shall not be necessary to produce or account for more
than one counterpart signed by each party hereto by and against which
enforcement hereof is sought.

         (d) Headings or captions used in this Amendment are for convenience of
reference only and shall not define or limit the provisions hereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

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

                                 WASTE INDUSTRIES, INC.
                                 KABCO OF NORTH CAROLINA, INC.
                                 WASTE ENTERPRISES, INC.
                                 WASTE INDUSTRIES EAST, INC.
                                 NORTH MECKLENBURG SANITATION, INC.
                                 WASTE INDUSTRIES SOUTH, INC.
                                 WASTE INDUSTRIES OF GEORGIA, INC.
                                 ECO SERVICES, INC.
                                 WI-ACS, INC.
                                 DUMPSTERS, INC.
                                 RELIABLE TRASH SERVICE, INC.
                                 RAILROAD AVENUE DISPOSAL, INC.
                                 TRANS WASTE SERVICES, INC.
                                 CURB APPEAL NEW HOME SERVICES, INC.
                                 OLD KINGS ROAD SOLID WASTE, INC.
                                 WASTE INDUSTRIES OF TENNESSEE, LLC
                                 WASTE SERVICES OF DECATUR, LLC
                                 LIBERTY WASTE LENDING COMPANY, LLC
                                 WASTE INDUSTRIES OF VIRGINIA, LLC
                                 QUICK-WAY SALVAGE, INC.
                                 S&S ENTERPRISES, INC.
                                 SOUTHERN WASTE SERVICES, INC.
                                 SOUTHERN WASTE OF ALABAMA, INC.
                                 SAMPSON COUNTY DISPOSAL, INC.
                                 WASTESTREAM SERVICES, LLC
                                 SAFEGUARD LANDFILL MANAGEMENT, INC.
                                 SHAMROCK ENVIRONMENTAL, INC.

                                 By: ___________________________________________
                                 Name:
                                 Title:

                                 FLEET NATIONAL BANK, (f/k/a BankBoston, N.A.),
                                 individually and as Administrative Agent

                                 By: ___________________________________________
                                 Name:

<PAGE>

                                 BRANCH BANKING AND TRUST COMPANY,
                                 individually and as Documentation Agent

                                 By: ___________________________________________
                                 Name:

                                 COMERICA BANK

                                 By: ___________________________________________
                                 Name:

                                 WACHOVIA BANK, N.A.

                                 By: ___________________________________________
                                 Name:

                                 FIRST UNION NATIONAL BANK

                                 By: ___________________________________________
                                 Name:

                                 CITIZENS BANK OF MASSACHUSETTS (as
                                 successor to USTRUST)

                                 By: ___________________________________________
                                 Name:

<PAGE>

                                 CENTURA BANK

                                 By:__________________________________________
                                 Name:

                                 BANK AUSTRIA CREDITANSTALT
                                 CORPORATE FINANCE, INC.

                                 By: ___________________________________________
                                 Name:

                                 By: ___________________________________________
                                 Name:EXHIBIT 10.3

                                PROMISSORY NOTE

$4,419,500                                                          May 31, 1997

     For value received, Banyan Strategic Land Fund II, a Delaware corporation
(the "Maker"), having an address at 150 South Wacker Drive,, Suite 290, Chicago
Illinois 60606 promises to pay to the order of Equis Exchange LLC, a
Massachusetts Limited Liability Company (the "Payee"), having a place of
business at 98 North Washington Street, Boston, Massachusetts, 02114, the
principal sum of

           FOUR MILLION FOUR HUNDRED NINETEEN THOUSAND FIVE HUNDRED
                                    DOLLARS

($4,419,500) together with interest on the outstanding principal balance hereof
on or before April 30, 2000. Until the Stockholders Consent referred to in
clause a below has been obtained, interest shall accrue on the outstanding
principal balance hereof at a rate per annum equal to the rate at which
interest is earned by the Payee on the Payee's investment of the proceeds of the
funds loaned to the Payee hereunder. From and after the date on which the
Stockholders Consent is obatined, interest shall accrue on the outstanding
principal balance hereof at the rate of ten percent (10%) per annum and shall be
                                                          ---------
paid quarterly in arrears on the last business day of each calendar quarter and
at the maturity of this Note. Unpaid interest shall be compounded annually on
December 31 of each year.

     When and as Banyan or any of its subsidiaries shall receive any proceeds
from the sale or refinancing of all or part of that certain 274 acre property in
Los Angeles County, California known as the Rancho Malibu property (the "Rancho
Malibu Property"), prior to the maturity hereof, the Maker shall immediately
apply such funds, net of any identifiable costs directly associated with such
sale or refinancing, to the prepayment of this Note, to the extent of any
outstanding principal or interest hereunder.

     This Note may be prepaid in whole or in part without premium or penalty.

     This Note is being issued by the Maker to the Payee pursuant to the terms
of an Exchange Agreement dated as of April 30, 1997, by and among the Maker, the
Payee, AFG Hato Arrow Limited Partnership, AFG Dove Arrow Limited Partnership
and AIP/Larkfield Limited Partnership (the "Partnerships") and Equis Financial
Group Limited Partnership ("EFG") and is being assigned to EFG Financial Group
Limited Partnership, having the same address as the Payee, as agent for the
Partnerships and their respective assignees. Capitalized terms used herein and
not defined herein shall have the definitions set forth in the Exchange
Agreement.

     All amounts payable under this Note shall immediately become due and
payable in full at the option of the holder of this note ("Holder") without
notice or demand if any one or more of the following events shall occur:
<PAGE>

          a.   The Stockholders Consent as that term is defined in Section 4.10
               of the Exchange Agreement (the "Stockholders Consent") shall not
               have been obtained by October 31, 1997.

          b.   Additional outstanding indebtedness secured by the Rancho Malibu
               Property in excess of $2,500,000 shall be incurred by the Maker
               or any other person.

          c.   The Board of Directors of the Maker shall at any time fail to
               include at least two persons nominated by the Holder of this Note
               and the Maker shall fail to fill any such vacancy by causing the
               election of a person or persons nominated by the Holder to the
               Board of Directors within twenty (20) days after the Holder shall
               have given written notice to Maker of such failure and the name
               or names of the nominee or nominees.

          d.   Maker shall fail to make any payment hereunder when and as the
               same shall become due and payable, and such failure shall not be
               cured within ten (10) days after Holder shall have given written
               notice to Maker of such failure.

          e.   Maker shall admit in writing its inability to pay its debts as
               they mature or shall make an assignment for the benefit of
               creditors.

          f.   Maker shall apply for or consent to the appointment of a trustee
               or receiver for all or a major part of its property.

          g.   A trustee or receiver shall be appointed for Maker or for all or
               a major part of its property and such trustee or receiver shall
               not be discharged within sixty (60) days after such appointment.

          h.   Bankruptcy, reorganization, arrangement or insolvency proceedings
               or other proceedings for relief under any bankruptcy or similar
               law or laws for the relief of debtors shall be instituted by or
               against Maker and, if instituted against it, shall be consented
               to or shall not be dismissed within sixty (60) days after being
               instituted.

          i.   An order, judgment or decree declaring Maker to be bankrupt or
               insolvent shall be entered and shall not be vacated, set aside or
               stayed within sixty (60) days after the entry thereof.

     Maker hereby waives presentment, demand, notice, protest, dishonor and all
other demands and notices in connection with the delivery, acceptance,
performance, default or enforcement of the obligations of Maker under this Note,
and the exercise of and enforcement of any rights hereunder by Holder, and
assents without notice to any extension or postponement of the time of payment,
to the addition or release of any party or person in any way liable hereunder,
and to the compromise or settlement of the liability

                                      -2-
<PAGE>

of any such party or person hereunder, which may from time to time be agreed to
by Holder.

     All notices required or permitted hereunder shall be in writing and shall
be delivered in hand or by facsimile, overnight courier or certified or
registered mail, return receipt requested, postage prepaid, to the Maker or the
Payee, as the case may be, at its respective address set forth above, or such
other address or addresses as Maker or Holder may designate from time to time by
notice given in accordance with the foregoing.

     All of the provisions of this Note shall be binding upon and inure to the
benefit of Maker and Payee and their respective successors, assigns and legal
representatives. This Note shall be governed by and construed in accordance with
the laws of the State of Illinois without regard to conflict or choice of law
principles.

     IN WITNESS WHEREOF, Maker has executed and delivered this Note on the date
first above written.

                                             BANYAN STRATEGIC LAND FUND II

                                             By: /s/ Leonard G. Levine
                                                -------------------------------
                                                Leonard G. Levine, President

                                      -3-

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