Document:

<PAGE>
                                                                    EXHIBIT 10.1
                               THIRD EXTENSION TO
                    THIRD LIMITED WAIVER TO CREDIT AGREEMENT

         THIS THIRD EXTENSION TO THIRD LIMITED WAIVER TO CREDIT AGREEMENT (this
"Third Extension") is entered into as of December 2, 2002 among LA PETITE
ACADEMY, INC., a Delaware corporation (the "Borrower"), LPA HOLDING CORP., a
Delaware corporation ("Holdings"), and the Lenders party hereto. Capitalized
terms used herein and not otherwise defined shall have the meanings ascribed
thereto in the Credit Agreement (as defined below).

                                    RECITALS

         WHEREAS, the Borrower, Holdings and the Lenders entered into that
certain Credit Agreement, dated as of May 11, 1998 (as previously amended and
modified by Amendment No. 1, dated as of December 13, 1999; Amendment No. 2,
dated as of June 29, 2000; Amendment No. 3, dated as of November 14, 2001;
Amendment No. 4, dated as of February 5, 2002; and as otherwise amended or
modified from time to time, the "Credit Agreement");

         WHEREAS, certain Events of Default exist under the Credit Agreement as
a result of the failure of the Borrower to comply with the terms of (a) Sections
6.13, and 6.15 of the Credit Agreement for the third fiscal quarter which ended
nearest to March 31, 2002 (the "March 2002 Defaults"); (b) Sections 6.13, 6.14
and 6.15 of the Credit Agreement for the fourth fiscal quarter which ended
nearest to June 30, 2002 (the "June 2002 Defaults"); (c) Sections 5.01(a),
5.01(b), 5.01(c), 5.01(d), 5.01(e) and 5.01(f) of the Credit Agreement, solely
with respect to the financial statements and other related documents that have
not been delivered to the Administrative Agent prior to the date hereof (the
"Information Defaults"); and (d) Section 5.01(g) and 5.10 of the Credit
Agreement, solely with respect to the failure of the Borrower to timely file
2002 fiscal year end financial statements with the Securities and Exchange
Commission (the "SEC Reporting Default"; together with the March 2002 Defaults,
the June 2002 Defaults, and the Information Defaults, collectively, the
"Existing Defaults");

         WHEREAS, the Borrower requested that the Lenders waive the Existing
Defaults, and Required Lenders provided a limited waiver of the Existing
Defaults for the period of time from September 30, 2002, through and including
December 2, 2002, based upon and subject to the terms and conditions specified
in the Third Limited Waiver To Credit Agreement (the "Third Waiver") dated as of
September 30, 2002, among the Borrower, Holdings, and the Lenders party thereto,
as extended by the Extension to Third Limited Waiver to Credit Agreement dated
as of November 1, 2002 (the "First Extension"), and as extended by the Second
Extension to Third Limited Waiver to Credit Agreement dated as of November 15,
2002 (the "Second Extension");

         WHEREAS, the Borrower has requested that the Lenders extend the Waiver
Period (as defined in the Third Waiver);

<PAGE>

         WHEREAS, the Required Lenders are willing to extend the Waiver Period
through and including December 6, 2002, based upon and subject to the terms and
conditions specified in this Third Extension; and

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:

                                    SECTION 1

                                    EXTENSION

         1.1 The Borrower acknowledges the continued existence and continuation
of the Existing Defaults. The Required Lenders hereby extend the Waiver Period
through and including December 6, 2002. All references in the Third Waiver to
the Waiver Period shall be to the period of time from September 30, 2002,
through and including December 6, 2002.

         1.2 Except for the specific waiver set forth in the Third Waiver, as
modified by the First Extension, the Second Extension, and this Third Extension,
nothing contained therein or herein shall be deemed to constitute a waiver of
(i) any rights or remedies the Administrative Agent or any Lender may have under
the Credit Agreement or any other Loan Document or under applicable law or (ii)
the Loan Parties' obligation to comply fully with any duty, term, condition,
obligation or covenant contained in the Credit Agreement and the other Loan
Documents not specifically waived.

         1.3 The specific waiver set forth in the Third Waiver, as modified by
the First Extension, the Second Extension, and this Third Extension, is a
one-time waiver and shall be effective only in this specific instance during the
Waiver Period, and shall not obligate the Lenders to waive any Default or Event
of Default (including, without limitation, any waiver of the Existing Defaults
following the end of the Waiver Period) other than the Existing Defaults, now
existing or hereafter arising.

                                    SECTION 2

                                  MISCELLANEOUS

         2.1 Effectiveness. This Third Extension shall be effective upon (a)
receipt by the Administrative Agent of counterparts of this Third Extension
executed by each of the Loan Parties and the Required Lenders, and (b) payment
to Administrative Agent's counsel for all legal fees incurred by the
Administrative Agent and Highland Capital Management, L.P. in connection with
the Credit Agreement. Notwithstanding anything to the contrary contained herein,
this Third Extension shall be void ab initio upon the failure of the Borrower to
pay the Expense Reimbursement (as defined below) in accordance with the terms
hereof.

                                       2
<PAGE>

         2.2 Ratification of Credit Agreement and Other Loan Documents. The
Credit Agreement and the other applicable Loan Documents are hereby ratified and
confirmed and are in full force and effect.

         2.3 Authority/Enforceability. Each party hereto represents and warrants
that (a) it has taken all necessary action to authorize the execution, delivery,
and performance of this Third Extension; (b) this Third Extension has been duly
executed and delivered by such Person and constitutes such Person's legal,
valid, and binding obligations, enforceable in accordance with its terms, except
as such enforceability may be subject to (i) bankruptcy, insolvency,
reorganization, fraudulent conveyance or transfer, moratorium, or similar laws
affecting creditors' rights generally and (ii) general principles of equity
(regardless of whether such enforceability is considered in a proceeding at law
or in equity); and (c) no material consent, approval, authorization, or order
of, or filing, registration, or qualification with, any court or Governmental
Authority or third party is required in connection with the execution, delivery,
or performance by such Person of this Third Extension.

         2.4 Representation and Warranties. Borrower and Holdings represent and
warrant to the Lenders that (a) the representations and warranties of Borrower
and Holdings set forth in Article III of the Credit Agreement qualified as to
materiality are true and correct as of the date hereof and those not so
qualified are true and correct in all material respects as of the date hereof,
except, in each case, for those representations and warranties that specifically
relate to an earlier date; (b) except for the Existing Defaults, no event has
occurred and is continuing which constitutes a Default or an Event of Default;
and (c) the Security Documents create a valid security interest in, and Lien
upon, the Collateral.

         2.5 Expenses. In addition to the legal fees described in Section 2.1,
the Borrower shall reimburse (the "Expense Reimbursement") the Administrative
Agent for all additional legal fees incurred by the Administrative Agent and
Highland Capital Management, L.P. in connection with the Credit Agreement
(including this Third Extension). The Expense Reimbursement shall be paid by the
Borrower to the Administrative Agent (or directly to the Administrative Agent's
counsel) as soon as practicable but in no event later than one business day
following receipt by the Borrower of an invoice for such legal fees.

         2.6 Counterparts/Telecopy. This Third Extension may be executed in any
number of counterparts, each of which when so executed and delivered shall be an
original, but all of which shall constitute one and the same instrument.
Delivery of executed counterparts by telecopy shall be effective as an original
and shall constitute a representation that an original will be delivered if
requested.

         2.7 GOVERNING LAW. THIS WAIVER AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

                   REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.
                             SIGNATURE PAGES FOLLOW.

                                       3
<PAGE>

                                 Signature Page
           Third Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

          IN WITNESS WHEREOF, the parties hereto have caused this Third
Extension to Third Limited Waiver to Credit Agreement to be duly executed and
delivered by their proper and duly authorized officers or attorneys-in-fact as
of the day and year first above written.

BORROWER:                              LA PETITE ACADEMY INC.

                                       By:  /s/ Michael F. Czlonka
                                            ------------------------------------
                                            Michael F. Czlonka, Chief Financial
                                            Officer and Secretary

HOLDINGS:                              LPA HOLDING CORP.

                                       By:  /s/ Michael F. Czlonka
                                            ------------------------------------
                                            Michael F. Czlonka, Chief Financial
                                            Officer and Secretary

<PAGE>
                                 Signature Page
           Third Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

         Each of the undersigned are unconditional guarantors of all obligations
of the Borrower under the Loan Documents and acknowledge and agree that (a) this
Third Extension does not modify or waive any of its obligations under the Loan
Documents, including the Guarantee Agreements and (b) all Liens granted by it to
support its obligations remain in full force and effect.

                                       LPA HOLDING CORP.

                                       By:  /s/ Michael F. Czlonka
                                            ------------------------------------
                                            Michael F. Czlonka, Chief Financial
                                            Officer and Secretary

                                       LPA SERVICES, INC.

                                       By:  /s/ Michael F. Czlonka
                                            ------------------------------------
                                            Michael F. Czlonka, Chief Financial
                                            Officer and Secretary

                                       BRIGHT START, INC.

                                       By:  /s/ Michael F. Czlonka
                                            ------------------------------------
                                            Michael F. Czlonka, Chief Financial
                                            Officer and Secretary

<PAGE>

                                 Signature Page
           Third Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

LENDERS:                           U.S. BANK NATIONAL ASSOCIATION
                                   (formerly Mercantile Bank), as Administrative
                                   Agent and a Lender

                                   By:
                                        ----------------------------------------
                                        Name:
                                               ---------------------------------
                                        Title:
                                               ---------------------------------

<PAGE>
                                 Signature Page
           Third Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                       JPMORGAN CHASE BANK (formerly The Chase
                                       Manhattan Bank)

                                       By:
                                           -------------------------------------
                                           Name:
                                                  ------------------------------
                                           Title:
                                                  ------------------------------

<PAGE>
                                 Signature Page
           Third Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                       ML CBO IV CAYMAN

                                       By:   Highland Capital Management, L.P.,
                                             as Collateral Manager

                                             By:  /s/ Mark Okada
                                                  ------------------------------
                                                  Mark Okada, Chief Investment
                                                  Officer

<PAGE>

                                 Signature Page
           Third Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                        HIGHLAND LEGACY, LTD

                                        By:  Highland Capital Management, L.P.,
                                             as Collateral Manager

                                             By:  /s/ Mark Okada
                                                  ------------------------------
                                                  Mark Okada, Chief Investment
                                                  Officer

<PAGE>

                                 Signature Page
           Third Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                       PAMCO CAYMAN LTD

                                       By:   Highland Capital Management, L.P.,
                                             as Collateral Manager

                                             By:   /s/ Mark Okada
                                                   -----------------------------
                                                   Mark Okada, Chief Investment
                                                   Officer

<PAGE>

                                 Signature Page
           Third Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                       KZH HIGHLAND-2 LLC

                                       By: /s/ Joyce Fraser-Bryant
                                           -------------------------------------
                                           Joyce Fraser-Bryant, Authorized Agent

<PAGE>
                                 Signature Page
           Third Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                    SRV - HIGHLAND, INC.

                                    By:  /s/ Anne E Morris
                                         ---------------------------------------
                                         Ann E. Morris, Assistant Vice President

<PAGE>
                                 Signature Page
           Third Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                       BANK OF AMERICA, N.A.
                                       (formerly NationsBank, N.A.)

                                       By:
                                            ------------------------------------
                                            Name:
                                                   -----------------------------
                                            Title:
                                                   -----------------------------<PAGE>
                                                                    EXHIBIT 10.2
                               FOURTH EXTENSION TO
                    THIRD LIMITED WAIVER TO CREDIT AGREEMENT

         THIS FOURTH EXTENSION TO THIRD LIMITED WAIVER TO CREDIT AGREEMENT (this
"Fourth Extension") is entered into as of December 6, 2002 among LA PETITE
ACADEMY, INC., a Delaware corporation (the "Borrower"), LPA HOLDING CORP., a
Delaware corporation ("Holdings"), and the Lenders party hereto. Capitalized
terms used herein and not otherwise defined shall have the meanings ascribed
thereto in the Credit Agreement (as defined below).

                                    RECITALS

         WHEREAS, the Borrower, Holdings and the Lenders entered into that
certain Credit Agreement, dated as of May 11, 1998 (as previously amended and
modified by Amendment No. 1, dated as of December 13, 1999; Amendment No. 2,
dated as of June 29, 2000; Amendment No. 3, dated as of November 14, 2001;
Amendment No. 4, dated as of February 5, 2002; and as otherwise amended or
modified from time to time, the "Credit Agreement");

         WHEREAS, certain Events of Default exist under the Credit Agreement as
a result of the failure of the Borrower to comply with the terms of (a) Sections
6.13, and 6.15 of the Credit Agreement for the third fiscal quarter which ended
nearest to March 31, 2002 (the "March 2002 Defaults"); (b) Sections 6.13, 6.14
and 6.15 of the Credit Agreement for the fourth fiscal quarter which ended
nearest to June 30, 2002 (the "June 2002 Defaults"); (c) Sections 5.01(a),
5.01(b), 5.01(c), 5.01(d), 5.01(e) and 5.01(f) of the Credit Agreement, solely
with respect to the financial statements and other related documents that have
not been delivered to the Administrative Agent prior to the date hereof (the
"Information Defaults"); and (d) Section 5.01(g) and 5.10 of the Credit
Agreement, solely with respect to the failure of the Borrower to timely file
2002 fiscal year end financial statements with the Securities and Exchange
Commission (the "SEC Reporting Default"; together with the March 2002 Defaults,
the June 2002 Defaults, and the Information Defaults, collectively, the
"Existing Defaults");

         WHEREAS, the Borrower requested that the Lenders waive the Existing
Defaults, and Required Lenders provided a limited waiver of the Existing
Defaults for the period of time from September 30, 2002, through and including
December 2, 2002, based upon and subject to the terms and conditions specified
in the Third Limited Waiver To Credit Agreement (the "Third Waiver") dated as of
September 30, 2002, among the Borrower, Holdings, and the Lenders party thereto,
as extended by the Extension to Third Limited Waiver to Credit Agreement dated
as of November 1, 2002 (the "First Extension"), as extended by the Second
Extension to Third Limited Waiver to Credit Agreement dated as of November 15,
2002 (the "Second Extension"), and as extended by the Third Extension to Third
Limited Waiver to Credit Agreement dated as of December 2, 2002 (the "Third
Extension"),;

         WHEREAS, the Borrower has requested that the Lenders extend the Waiver
Period (as defined in the Third Waiver);

<PAGE>

         WHEREAS, the Required Lenders are willing to extend the Waiver Period
through and including December 16, 2002, based upon and subject to the terms and
conditions specified in this Fourth Extension; and

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:

                                    SECTION 1

                                    EXTENSION

         1.1 The Borrower acknowledges the continued existence and continuation
of the Existing Defaults. The Required Lenders hereby extend the Waiver Period
through and including December 16, 2002. All references in the Third Waiver to
the Waiver Period shall be to the period of time from September 30, 2002,
through and including December 16, 2002.

         1.2 Except for the specific waiver set forth in the Third Waiver, as
modified by the First Extension, the Second Extension, the Third Extension, and
this Fourth Extension, nothing contained therein or herein shall be deemed to
constitute a waiver of (i) any rights or remedies the Administrative Agent or
any Lender may have under the Credit Agreement or any other Loan Document or
under applicable law or (ii) the Loan Parties' obligation to comply fully with
any duty, term, condition, obligation or covenant contained in the Credit
Agreement and the other Loan Documents not specifically waived.

         1.3 The specific waiver set forth in the Third Waiver, as modified by
the First Extension, the Second Extension, the Third Extension, and this Fourth
Extension, is a one-time waiver and shall be effective only in this specific
instance during the Waiver Period, and shall not obligate the Lenders to waive
any Default or Event of Default (including, without limitation, any waiver of
the Existing Defaults following the end of the Waiver Period) other than the
Existing Defaults, now existing or hereafter arising.

                                    SECTION 2

                                  MISCELLANEOUS

         2.1 Effectiveness. This Fourth Extension shall be effective upon (a)
receipt by the Administrative Agent of counterparts of this Fourth Extension
executed by each of the Loan Parties and the Required Lenders, and (b) payment
to Administrative Agent's counsel for all legal fees incurred by the
Administrative Agent and Highland Capital Management, L.P. in connection with
the Credit Agreement. Notwithstanding anything to the contrary contained herein,
this Fourth Extension shall be void ab initio upon the failure of the Borrower
to pay the Expense Reimbursement (as defined below) in accordance with the terms
hereof.

                                       2
<PAGE>

         2.2 Ratification of Credit Agreement and Other Loan Documents. The
Credit Agreement and the other applicable Loan Documents are hereby ratified and
confirmed and are in full force and effect.

         2.3 Authority/Enforceability. Each party hereto represents and warrants
that (a) it has taken all necessary action to authorize the execution, delivery,
and performance of this Fourth Extension; (b) this Fourth Extension has been
duly executed and delivered by such Person and constitutes such Person's legal,
valid, and binding obligations, enforceable in accordance with its terms, except
as such enforceability may be subject to (i) bankruptcy, insolvency,
reorganization, fraudulent conveyance or transfer, moratorium, or similar laws
affecting creditors' rights generally and (ii) general principles of equity
(regardless of whether such enforceability is considered in a proceeding at law
or in equity); and (c) no material consent, approval, authorization, or order
of, or filing, registration, or qualification with, any court or Governmental
Authority or third party is required in connection with the execution, delivery,
or performance by such Person of this Fourth Extension.

         2.4 Representation and Warranties. Borrower and Holdings represent and
warrant to the Lenders that (a) the representations and warranties of Borrower
and Holdings set forth in Article III of the Credit Agreement qualified as to
materiality are true and correct as of the date hereof and those not so
qualified are true and correct in all material respects as of the date hereof,
except, in each case, for those representations and warranties that specifically
relate to an earlier date; (b) except for the Existing Defaults, no event has
occurred and is continuing which constitutes a Default or an Event of Default;
and (c) the Security Documents create a valid security interest in, and Lien
upon, the Collateral.

         2.5 Expenses. In addition to the legal fees described in Section 2.1,
the Borrower shall reimburse (the "Expense Reimbursement") the Administrative
Agent for all additional legal fees incurred by the Administrative Agent and
Highland Capital Management, L.P. in connection with the Credit Agreement
(including this Fourth Extension). The Expense Reimbursement shall be paid by
the Borrower to the Administrative Agent (or directly to the Administrative
Agent's counsel) as soon as practicable but in no event later than one business
day following receipt by the Borrower of an invoice for such legal fees.

         2.6 Counterparts/Telecopy. This Fourth Extension may be executed in any
number of counterparts, each of which when so executed and delivered shall be an
original, but all of which shall constitute one and the same instrument.
Delivery of executed counterparts by telecopy shall be effective as an original
and shall constitute a representation that an original will be delivered if
requested.

         2.7 GOVERNING LAW. THIS WAIVER AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

                   REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.
                             SIGNATURE PAGES FOLLOW.

                                       3
<PAGE>

                                 Signature Page
          Fourth Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

          IN WITNESS WHEREOF, the parties hereto have caused this Fourth
Extension to Third Limited Waiver to Credit Agreement to be duly executed and
delivered by their proper and duly authorized officers or attorneys-in-fact as
of the day and year first above written.

BORROWER:                              LA PETITE ACADEMY INC.

                                       By:  /s/ Michael F. Czlonka
                                            ------------------------------------
                                            Michael F. Czlonka, Chief Financial
                                            Officer and Secretary

HOLDINGS:                              LPA HOLDING CORP.

                                       By:  /s/ Michael F. Czlonka
                                            ------------------------------------
                                            Michael F. Czlonka, Chief Financial
                                            Officer and Secretary

<PAGE>

                                 Signature Page
          Fourth Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

         Each of the undersigned are unconditional guarantors of all obligations
of the Borrower under the Loan Documents and acknowledge and agree that (a) this
Fourth Extension does not modify or waive any of its obligations under the Loan
Documents, including the Guarantee Agreements and (b) all Liens granted by it to
support its obligations remain in full force and effect.

                                       LPA HOLDING CORP.

                                       By:   /s/ Michael F. Czlonka
                                             -----------------------------------
                                             Michael F. Czlonka, Chief Financial
                                             Officer and Secretary

                                       LPA SERVICES, INC.

                                       By:   /s/ Michael F. Czlonka
                                             -----------------------------------
                                             Michael F. Czlonka, Chief Financial
                                             Officer and Secretary

                                       BRIGHT START, INC.

                                       By:   /s/ Michael F. Czlonka
                                             -----------------------------------
                                             Michael F. Czlonka, Chief Financial
                                             Officer and Secretary

<PAGE>

                                 Signature Page
          Fourth Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

LENDERS:                         U.S. BANK NATIONAL ASSOCIATION
                                 (formerly Mercantile Bank), as Administrative
                                 Agent and a Lender

                                 By:
                                       -----------------------------------------
                                       Name:
                                                --------------------------------
                                       Title:
                                                --------------------------------

<PAGE>

                                 Signature Page
          Fourth Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                   JPMORGAN CHASE BANK (formerly The Chase
                                   Manhattan Bank)

                                   By:  /s/ Michael Lister
                                        ----------------------------------------
                                        Name:  Michael J. Lister, Vice President
                                        Title: JPMorgan Chase Bank

<PAGE>

                                 Signature Page
          Fourth Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                       ML CBO IV CAYMAN

                                       By:   Highland Capital Management, L.P.,
                                             as Collateral Manager

                                             By:  /s/ Mark Okada
                                                  ------------------------------
                                                  Mark Okada, Chief Investment
                                                  Officer

<PAGE>
                                 Signature Page
          Fourth Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                       HIGHLAND LEGACY, LTD

                                       By:    Highland Capital Management, L.P.,
                                              as Collateral Manager

                                              By:  /s/ Mark Okada
                                                   -----------------------------
                                                   Mark Okada, Chief Investment
                                                   Officer

<PAGE>
                                 Signature Page
          Fourth Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                       PAMCO CAYMAN LTD

                                       By:   Highland Capital Management, L.P.,
                                             as Collateral Manager

                                             By:   /s/ Mark Okada
                                                   -----------------------------
                                                   Mark Okada, Chief Investment
                                                   Officer

<PAGE>
                                 Signature Page
          Fourth Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                       KZH HIGHLAND-2 LLC

                                       By:   /s/ Anthony Iarrobino
                                             -----------------------------------
                                             Anthony Iarrobino, Authorized Agent

<PAGE>
                                 Signature Page
          Fourth Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                    SRV - HIGHLAND, INC.

                                    By:  /s/ Ann E Morris
                                         ---------------------------------------
                                         Ann E. Morris, Assistant Vice President

<PAGE>
                                 Signature Page
          Fourth Extension to Third Limited Waiver to Credit Agreement
                             La Petite Academy, Inc.

                                       BANK OF AMERICA, N.A.
                                       (formerly NationsBank, N.A.)

                                       By:
                                            ------------------------------------
                                            Name:
                                                     ---------------------------
                                            Title:
                                                     ---------------------------

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