Document:

<PAGE>
                                                                     Exhibit 4.1

Number  BP                                                       Shares

                        [BRANDPARTNERS GROUP INC. LOGO]

                           BRANDPARTNERS GROUP, INC.

              INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

                                                               SEE REVERSE FOR
                                                             CERTAIN DEFINITIONS

                                                               CUSIP 10531R 10 7

                                  COMMON STOCK

THIS CERTIFIES THAT:

is owner of

 FULL PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF $0.1 PAR VALUE EACH OF

      -------------------- BRANDPARTNERS GROUP, INC. --------------------

transferable on the books of the corporation in person or by attorney upon
surrender upon surrender of this certificate duly endorsed or assigned. This
certificate and the shares represented hereby are subject to the laws of the
State of Delaware, and to the Certificate of Incorporation and Bylaws of the
Corporation, as new or hereafter amended. This certificate is not valid until
countersigned by the Transfer Agent.

WITNESS the facsimile seal of the Corporation and the facsimile signatures of
its duly authorized officers.

DATED:                           COUNTERSIGNED:
                                      CONTINENTAL STOCK TRANSFER & TRUST COMPANY
                                                                 JERSEY CITY, NJ
                                                                  TRANSFER AGENT

                                                       BY:
                           BRANDPARTNERS GROUP, INC.
                                                              AUTHORIZED OFFICER
                                   CORPORATE

      [ILLEGIBLE SIGNATURE]           SEAL                [ILLEGIBLE SIGNATURE]

            SECRETARY                 1984                      CHAIRMAN

                                    DELAWARE

<PAGE>
 The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

<Table>
<S>                                                            <C>
TEN COM - as tenants in common                                  UNIF GIFT MIN ACT - .................. Custodian ...................
TEN ENT - as tenants by the entireties                                                    (Cust)                       (Minor)
JT TEN - as joint tenants with right                                                         under Uniform Gifts to Minors
         of survivorship and not as
         tenants in common                                                                    Act .......................
                                                                                                                   (State)

                              Additional abbreviations may also be used though not in the above list.

                For Value Received, __________________________________________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
/                                      /
/                                      /

___________________________________________________________________________________________________________________________________
                           (Please print or typewrite name and address, including zip code, of assignee)

___________________________________________________________________________________________________________________________________

___________________________________________________________________________________________________________________________________

____________________________________________________________________________________________________________________________ Shares
of the stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

_________________________________________________________________________________________________________________________ Attorney
to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.

Dated ____________________________

                                        ___________________________________________________________________________________________
                                        NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE
                                        FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY
                                        CHANGE WHATSOEVER.

THE CORPORATION WILL FURNISH TO ANY STOCKHOLDER, UPON REQUEST AND WITHOUT CHARGE, A FULL STATEMENT OF THE DESIGNATIONS, RELATIVE
RIGHTS, PREFERENCES AND LIMITATIONS OF THE SHARES OF EACH CLASS AND SERIES AUTHORIZED TO BE ISSUED, SO FAR AS THE SAME HAVE BEEN
DETERMINED, AND OF THE AUTHORITY, IF ANY, OF THE BOARD TO DIVIDE THE SHARES INTO CLASSES OR SERIES AND TO DETERMINE AND CHANGE THE
RELATIVE RIGHTS, PREFERENCES AND LIMITATIONS OF ANY CLASS OR SERIES. SUCH REQUEST MAY BE MADE TO THE SECRETARY OF THE CORPORATION
OR TO THE TRANSFER AGENT NAMED ON THIS CERTIFICATE.
___________________________________________________________________________________________________________________________________
THE SIGNATURE TO THE ASSIGNMENT MUST CORRESPOND TO THE NAME AS WRITTEN UPON THE FACE OF THIS CERTIFICATE IN EVERY PARTICULAR,
WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A COMMERCIAL BANK OR TRUST COMPANY OR A
MEMBER FIRM OF A NATIONAL OR REGIONAL OR OTHER RECOGNIZED STOCK EXCHANGE IN CONFORMANCE WITH A SIGNATURE GUARANTEE MEDALLION
PROGRAM.
___________________________________________________________________________________________________________________________________
STOCK MARKET INFORMATION
www.pbse-exchange.com                                             COLUMBIA FINANCIAL PRINTING CO., P.O. BOX 219, BETHPAGE, NY 11714
</Table><PAGE>
                                                                   EXHIBIT 10.25

                         AMENDMENT AND WAIVER AGREEMENT

            This AMENDMENT AND WAIVER AGREEMENT dated as of the 21st day of May,
2001 by and between FLEET CAPITAL CORPORATION ("Lender"), a Rhode Island
corporation with an office at 60 East 42nd Street, New York, New York 10017 and
WILLEY BROTHERS, INC., ("Borrower"), a New Hampshire corporation with its chief
executive office and principal place of business at 10 Main Street, Rochester,
New Hampshire, 13839. Capitalized terms used in this Agreement have the meanings
assigned to them in Appendix A, General Definitions of the Loan and Security
Agreement dated as of the 11th day of January, 2001 (the "Loan Agreement").

                              W I T N E S S E T H:

            WHEREAS, the Borrower and the Lender entered into the Loan, pursuant
to which the Lender made the Total Credit Facility available to the Borrower.

            WHEREAS, the Borrower and the Lender wish to amend and or waive
certain of the provisions of the Loan Agreement.

            NOW THEREFORE, in consideration of the foregoing and the agreements
contained herein, and intending to be legally bound hereby, the parties hereto
agree as follows:

      1.    Amendments. During the period commencing May 21, 2001 through July
20, 2001 (the "Waiver Period"):

            1.1   The reference in (i) the definition of "Revolver Availability"
in Appendix A to the Loan Agreement and (ii) the Form of Borrowing Base
Certificate attached as Exhibit I to the Loan Agreement, to "2.5 times EBITDA"
shall be deemed to be a reference to (a) "3.0 times EBITDA" for the period ended
April 30, 2001; and (b) "2.75 times EBITDA" for the period ended May 31, 2001,
which shall delivered to the Lender no later than June 11, 2001; and

            1.2   The "Applicable Margin" in respect of all Loans shall be
increased by .50%.

            1.3   The Waiver Period shall end on July 20, 2001 and following
such date the "Revolver Availability" and the "Applicable Margin" shall in each
case be calculated as set forth in the Loan Agreement without regard to Sections
1.1 and 1.2 respectively of this Amendment and Waiver Agreement.

      2.    Waiver.

            2.1   Notwithstanding the provisions of Section 8.1.8 of the Loan
Agreement, the Borrower and the Lender acknowledge that the Borrower has and
shall maintain (i) an ACH facility with the Bank in an amount not to exceed in
the aggregate $100,000 and (ii) an account with the Bank in respect of Fleet
Capital Credit Cards in an amount not to exceed in the aggregate $100,000.
<PAGE>
      3.    Miscellaneous.

            3.1   Except as otherwise specifically amended or waived by this
Amendment and Waiver Agreement, the other provisions of the Loan Agreement are
hereby confirmed and ratified and shall remain in full force and effect.

            3.2   This Amendment and Waiver Agreement shall become effective,
once executed in full, as of the date set forth above.

            3.3   In order to induce the Lender to enter into this Amendment and
Waiver Agreement, the Borrower hereby, represents and warrants to the Lender as
follows:

            (a)   that no Default or Event of Default exists on the date hereof
or will exist on the date hereof and after giving effect to this Amendment and
Waiver Agreement;

            (b)   that all of the representations and warranties contained in
each Loan Document shall be correct as of the date hereof both before and after
giving effect to this Amendment and Waiver Agreement, with the same effect as
though such representations and warranties had been made on and as of the date
hereof (it being understood and agreed that any representation or warranty made
as of a specified date shall be required to be correct only as of such specific
date;

            (c)   that the execution, delivery and performance by the Borrower
of this Amendment and Waiver Agreement are within the Borrower's corporate
powers, have been duly authorized by all necessary corporate action, and do not
(i) contravene the Borrower's charter or bylaws (or equivalent documentation),
(ii) violate any law, rule, regulation, order, writ, judgment, injunction,
decree, determination or award, (iii) conflict with or result in the breach of,
or constitute a default under, any contract, loan agreement, indenture,
mortgage, deed of trust, lease or other instrument binding on or affecting the
Borrower or any of its properties or assets or (iv) except for the Liens created
under the Loan Documents, result in or require the creation or imposition of any
Lien upon or with respect to any of the properties or assets of the Borrower;
and

            (d)   that this Amendment and Waiver Agreement is the legal, valid
and binding obligation of the Borrower, enforceable against it in accordance
with its terms except as enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium or other laws relating to or limiting
creditors' rights or by equitable principles generally (regardless of whether
enforcement is sought in equity or at law).

            3.4   From the date hereof and during the Waiver Period, each
reference in the Loan Agreement to "this Agreement", "hereunder", "hereof" or
words of like import referring to the Loan Agreement, and each reference in the
Notes and each of the other Loan Documents to "the Loan Agreement",
"thereunder", "thereof" or words of like import referring to the Loan Agreement,
shall mean and be a reference to the Loan Agreement, as amended hereby. This
Amendment and waiver Agreement shall be deemed a "Loan Document" for all
purposes.

            3.5   The execution, delivery and effectiveness of this Amendment
and Waiver Agreement shall not, except as expressly provided herein, operate as
a modification, acceptance

                                      -2-
<PAGE>
or waiver of any right, power or remedy of the Lender under any of the Loan
Documents, nor constitute a modification, acceptance or waiver of any provision
of any of the Loan Documents.

            3.6   The Borrower agrees to pay the Lender all reasonable costs and
expenses incurred by the Lender (including, without limitation, reasonable legal
fees and expenses) in connection with the preparation and enforcement of this
Amendment and Waiver Agreement, together with all other fees currently due and
owing to the Lender under the Loan Agreement, concurrently with the execution by
each party of this Amendment and Waiver Agreement.

            3.7   This Amendment and Waiver Agreement may be executed in one or
more counterparts, each of which shall be deemed an original, and all of which
shall constitute one and the same instrument.

            3.8   This Amendment and Waiver Agreement, together with the other
Loan Documents, constitute the entire agreement between the parties with respect
to the subject matter of this Amendment and Waiver Agreement and supersedes all
prior understandings, negotiations, representations and agreements, whether
written or oral, between the parties with respect to such subject matter. Any
modification of the terms of this Amendment and Waiver Agreement shall not be
effective unless in writing and signed by each party.

            3.9   This Amendment and Waiver Agreement shall be governed by and
construed in accordance with the internal laws of the State of New York
applicable to contracts made and to be wholly performed within such State,
without reference to principles of conflicts of laws.

                                      -3-
<PAGE>
            IN WITNESS WHEREOF, the parties hereto have caused this Amendment
and Waiver Agreement to be duly executed as of the date first written above.

                                    WILLEY BROTHERS, INC.
                                    ("Borrower")

                                    By: /s/ Edward T. Stolarski
                                        ----------------------------
                                        Name: Edward T. Stolarski
                                        Title: Executive Vice President

                                    FLEET CAPITAL CORPORATION
                                    ("Lender")

                                    By: /s/ Michael Kerneklian
                                        ----------------------------
                                        Name: Michael Kerneklian
                                        Title: Vice President

                                      -4-
<PAGE>

                      SECOND AMENDMENT AND WAIVER AGREEMENT

            This SECOND AMENDMENT AND WAIVER AGREEMENT (this "Amendment") dated
as of the 22nd day of October, 2001 by and between FLEET CAPITAL CORPORATION
("Lender"), a Rhode Island corporation with an office at 60 East 42nd Street,
New York, New York 10017 and WILLEY BROTHERS, INC. ("Borrower"), a New Hampshire
corporation with its chief executive office and principal place of business at
10 Main Street, Rochester, New Hampshire, 13839. Capitalized terms used in this
Agreement shall have the meanings assigned to them in the Loan Agreement (as
defined below).

                              W I T N E S S E T H:
                               - - - - - - - - - -

            WHEREAS, the Borrower and the Lender entered into the Loan and
Security Agreement, dated as of January 11, 2001 as amended by the Amendment and
Waiver Agreement (the "First Amendment") dated as of May 21, 2001 (collectively
the "Loan Agreement"), pursuant to which the Lender made the Total Credit
Facility available to the Borrower.

            WHEREAS, the Borrower and the Lender wish to further amend and or
waive certain of the provisions of the Loan Agreement.

            NOW THEREFORE, in consideration of the foregoing and the covenants
and agreements contained herein, and intending to be legally bound hereby, the
parties hereto agree as follows:

      1.    Amendments.

            1.1   The Loan Agreement shall be amended as follows:

            1.1.1 Section 5.1. Section 5.1(vi) is hereby amended by adding at
the end thereof the following:
            ", including, without limitation, the Loan Account, the Dominion
            Account the Growth Capital Account and the Restricted Payments
            Account or any substitute account for any of the foregoing."

            1.1.2 Section 8.1.3. Section 8.1.3 is hereby amended by deleting
subsections (viii) and (ix) thereof in their entirety and substituting therefor
the following:

            "(viii) not later than 20 days after the end of each month (a) a
            copy of the Backlog Report; (b) a "proposal/opportunity report"
            describing potential new contracts; and (c) a summary of inventory
            by location;

            (ix) simultaneously with the delivery thereof to CMII copies of all
            financial information so delivered;

            (x) not later than the second Business Day of each week and for so
            long as the Lender reasonably requires (a) a report of Borrower's

                                      -5-
<PAGE>
            outstanding contracts for such week (similar to the Backlog Report);
            (b) a report showing the aged accounts payables; (c) a report
            showing the accounts receivable and the due date therefor; and (d) a
            report listing all contracts terminated and executed during the
            prior week; and

            (xi) such other data and information (financial and otherwise) as
            Lender, from time to time, may reasonably request, bearing upon or
            related to the Collateral or Borrower's and /or its Subsidiary's
            financial condition or results of operations."

            1.1.3 Section 8.1.8. Section 8.1.8 shall be deleted in its entirety
and the following substituted therefor:

            "8.1.8 Accounts Held at Bank. Maintain the Loan Account, the
            Dominion Account, the Growth Capital Account and the Restricted
            Payments Account. Unless agreed in writing with Lender, Borrower
            shall have no other bank accounts with any other financial
            institution; provided, however, that the Borrower may have
            certificates of deposit with other banks so long as (a) such
            certificates of deposit are pledged to Lender, and (b) the aggregate
            amount of all such certificates of deposit shall not exceed
            $500,000."

            1.1.4 Section 8.1.10. A new Section 8.1.10 shall be added as
follows:

            "8.1.10 Proceeds of Subordinated Notes. Following the consummation
            of the transactions contemplated by the Transaction Documents and
            the receipt by the Borrower of $5,000,000 (prior to deduction of
            fees and expenses) as proceeds of the Subordinated Notes and the
            Common Stock Warrants (as defined in the Common Stock Purchase
            Warrant), (i) $3,000,000 of such proceeds minus the fees and
            expenses related to the execution and delivery of the Transaction
            Documents shall be deposited in the Growth Capital Account; and (ii)
            the balance of such proceeds, in an amount equal to $2,000,000,
            shall be used to reduce the current amount outstanding under the
            Revolving Credit Loan."

            1.1.5 Section 8.2.1. Section 8.2.1 is hereby amended by deleting the
words "all or" and "substantial" from the last line thereof and by adding at the
end thereof the following:

            ", (each an "Investment"), except that Borrower may make any such
            Investment provided, that during the Initial Term no single
            Investment shall exceed $300,000 and the aggregate of all such
            Investments shall not exceed $600,000."

            1.1.6 Section 8.2.3. Section 8.2.3(ii) is hereby amended by adding
at the end thereof the following:

                                      -6-
<PAGE>
            "and the indebtedness under the Subordinated Transaction Debt."

            1.1.7 Section 8.2.6. Section 8.2.6 shall be deleted in its entirety
and the following substituted therefor:

            "8.2.6 Subordinated Debt. Make, or permit the Subsidiary to make,
            any payment of any part or all of any Subordinated Debt or take any
            other action or omit to take any other action in respect of any
            Subordinated Debt, except in accordance with the terms of this
            Agreement and/or the Subordination Agreement."

            1.1.8 Section 8.2.7. Section 8.2.7 is hereby amended by adding at
the end thereof the following: "except as permitted by the Subordination
Agreement".

            1.1.9 Section 8.2.8. Section 8.2.8 is hereby deleted in its entirety
and the following substituted therefor:

            "8.2.8. Capital Expenditures. Make Capital Expenditures (including,
            without limitation, by way of capitalized leases, the Capitalized
            Lease Obligation for a particular fiscal year) which, in the
            aggregate, as to Borrower and its Subsidiaries, exceed the
            following:

<TABLE>
<S>                                                   <C>
            Fiscal Year 2001                          $  750,000
            Fiscal Year 2002                          $1,775,000
            Fiscal Year 2003                          $1,375,000, and
            Fiscal Year 2004 and thereafter           $  500,000.
</TABLE>

            1.1.10 Section 8.2.15. Notwithstanding anything to the contrary
contained in the definition of "Management Fees" and the first paragraph of
Section 8.2.15 but subject in all cases to the other terms and provisions of the
Loan Agreement, including, without limitation, clauses (a) through (f) of such
Section 8.2.15:

            (a)   payments due by the Borrower to the Sellers under the Seller
Notes for the first three fiscal quarters of fiscal year 2001 shall be deferred
in each of such fiscal quarters and such payments shall recommence in the fourth
quarter of fiscal year 2001, and the maturity date under each of the respective
Seller Notes shall be extended for an additional three fiscal quarters; and

            (b)   the Management Fees due by the Borrower to the Guarantor for
the first three fiscal quarters of fiscal year 2001, aggregating $300,000, shall
be deferred (the "Deferred Amount"), with such Deferred Amount payable quarterly
in the amount of $50,000 per quarter commencing on June 30, 2002 and continuing
for each of the five succeeding quarters.

            1.1.11 Section 8.3.1. Notwithstanding the terms of Section 8.3.1 of
the Loan Agreement, the ratio of Total Debt to EBITDA shall be less than or
equal to 3.35 for the third quarter of 2001 and for each fiscal quarter
thereafter shall be less than or equal to 3.50.

                                      -7-
<PAGE>
            1.1.12 Section 8.3.2. During the Second Waiver Period and
notwithstanding the terms of Section 8.3.2 of the Loan Agreement, the minimum
EBITDA for (i) the third fiscal quarter of 2001 shall be no worse than minus
$540,000 (-$540,000) and (ii) the fiscal year ending December 31, 2001 shall be
equal to or greater than $4,000,000.

            1.1.13 Section 8.3.5. Notwithstanding anything to the contrary
contained in Section 8.3.5 of the Loan Agreement, during the first three fiscal
quarters of 2002, the Borrower shall not permit the Fully Loaded Fixed Charge
Coverage Ratio to be less than 1.3:1.

            1.2   The Appendix A General Definitions of the Loan Agreement shall
be amended as follows, provided, that subsections 1.2.3 below shall only be
effective during the Second Waiver Period:

            1.2.1 The following proviso shall be added at the end of the
definition of "EBITDA":

            "and provided, further, that Growth Capital Expenditures in amounts
            not to exceed $200,000 in fiscal year 2001 and $750,000 in each of
            fiscal years 2002 and 2003, (upon notification thereof in writing to
            the Lender together with reasonable supporting documentation) shall
            be permitted to be added back into EBITDA in each such respective
            fiscal year but no other fiscal year."

            1.2.2 The definition of "Fully Loaded Fixed Charge Coverage Ratio"
shall be amended by (A) deleting the word "and" appearing before "(vi)" and (B)
adding the following at the end thereof:

            ", and (vii) all payments under the Subordinated Note(s)."

            1.2.3 The definition of "Revolver Availability" shall (a) during the
Second Waiver Period, be deleted in its entirety and the following substituted
therefor:

            "Revolver Availability - an amount not to exceed $2,000,000.";

and (b) following the termination of such Second Waiver Period, be amended by
adding after the word "Borrowed" in "(b)" the following: "excluding Indebtedness
in respect of the Subordinated Transaction Debt."

            1.2.4 The definition of "Total Debt" shall be amended by inserting
the words "Subordinated Transaction Debt" after the words "the Loans," appearing
in the third line of such definition.

            1.2.5 The following new definitions will be inserted in alphabetical
order as follows:

            (i) ""Growth Capital Expenditures" - means certain one-off
            expenditures not included as Capital Expenditures to be funded
            solely from the proceeds of the Subordinated Note(s) and utilized to
            develop and grow the business of the Borrower, provided, that Growth
            Capital Expenditures shall be excluded from the definition of
            Capital Expenditures for reporting purposes."

                                      -8-
<PAGE>
            (ii) ""Growth Capital Account" - means a special investment or other
            similar account to be held at the Bank."

            (iii) ""Purchase Agreement" - means the Subordinated Note and
            Warrant Purchase Agreement dated October 22nd, 2001 by and among
            BrandPartners Group, Inc. (the successor in interest to the
            Guarantor), the Borrower and Corporate Mezzanine II, L.P. ("CMII")."

            (iv) ""Second Waiver Period" - means the period commencing
            immediately upon the termination of the Waiver Period (as such term
            is defined in the First Amendment) through January 20, 2002."

            (v) ""Subordinated Transaction Debt" - means the "Subordinated
            Indebtedness" as such term is defined in the Subordination
            Agreement."

            (vi) ""Subordinated Note(s) - means the subordinated promissory
            note(s) due October 22nd, 2008 to be purchased by CMII from the
            Borrower pursuant to the terms of the Purchase Agreement."

            (vi) ""Transaction Documents" - means collectively the Purchase
            Agreement; the Subordinated Note(s); the Subordination and
            Intercreditor Agreement dated October 22nd, 2001 by and among the
            Borrower, the Bank and CMII (the "Subordination Agreement"); the
            Common Stock Purchase Warrant, dated October 22nd, 2001 (the "Common
            Stock Purchase Warrant"); and the Registration Rights Agreement
            dated October 22nd, 2001."

      2.    Waiver.

            2.1   Sections 8.2.3. The Lender, solely in connection with the
Transaction Documents, waives compliance with the terms of section 8.2.3 of the
Loan Agreement, and hereby consents and agrees to the execution and delivery of
and the performance by Borrower under, the Transaction Documents.

            2.2   Section 8.3.4. The Lender waives compliance with the terms of
Section 8.3.4 of the Loan Agreement for the third quarter of fiscal year 2001.

      3.    Other Covenants and Agreements.

            3.1   The Guarantor. The parties hereto acknowledge and confirm that
the name of the Guarantor was changed on August 20, 2001 to BrandPartners Group,
Inc., a Delaware corporation and by its signature on the acknowledgement forming
part of this Agreement, the Guarantor acknowledges the terms of this Amendment
and confirms and ratifies the terms and provisions of the Guaranty Agreement.

                                      -9-
<PAGE>
            3.2   Second Waiver Period. During the Second Waiver Period the
Applicable Margin in respect of all Loans shall continue to be increased by 50
basis points as set forth in the First Amendment.

      4.    Miscellaneous.

            4.1   Except as otherwise specifically amended or waived by this
Second Amendment and Waiver Agreement, the other provisions of the Loan
Agreement, as previously amended, are hereby confirmed and ratified and shall
remain in full force and effect.

            4.2   This Second Amendment and Waiver Agreement shall become
effective, once executed in full and acknowledged by the Guarantor, as of the
date set forth above.

            4.3   In order to induce the Lender to enter into this Second
Amendment and Waiver Agreement, the Borrower hereby, represents and warrants to
the Lender as follows:

            (a)   that no Default or Event of Default exists on the date hereof
or will exist on the date hereof and after giving effect to this Amendment;

            (b)   that all of the representations and warranties contained in
each Loan Document shall be correct as of the date hereof after giving effect to
this Amendment, with the same effect as though such representations and
warranties had been made on and as of the date hereof (it being understood and
agreed that any representation or warranty made as of a specified date shall be
required to be correct only as of such specific date);

            (c)   that the execution, delivery and performance by the Borrower
of this Amendment are within the Borrower's corporate powers, have been duly
authorized by all necessary corporate action, and do not (i) contravene the
Borrower's charter or bylaws (or equivalent documentation), (ii) violate any
law, rule, regulation, order, writ, judgment, injunction, decree, determination
or award, (iii) result in the breach of, or constitute a default under, any
contract, loan agreement, indenture, mortgage, deed of trust, lease or other
instrument binding on or affecting the Borrower or any of its properties or
assets or (iv) except for the Liens created under the Loan Documents, result in
or require the creation or imposition of any Lien upon or with respect to any of
the properties or assets of the Borrower;

            (d)   that this Amendment is the legal, valid and binding obligation
of the Borrower, enforceable against it in accordance with its terms except as
enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or other laws relating to or limiting creditors' rights or by
equitable principles generally (regardless of whether enforcement is sought in
equity or at law); and

            (e)   that the Guarantor has read and understood and has consented
to and agrees to be bound by the terms and provisions of this Amendment and the
Loan Agreement as hereby amended.

            4.4   On and after the date hereof, each reference in the Loan
Agreement to "this Agreement", "hereunder", "hereof" or words of like import
referring to the Loan Agreement, and each reference in the Notes and each of the
other Loan Documents to "the Loan

                                      -10-
<PAGE>
Agreement", "thereunder", "thereof" or words of like import referring to the
Loan Agreement, shall mean and be a reference to the Loan Agreement, as amended
hereby. This Second Amendment and Waiver Agreement shall be deemed a "Loan
Document" for all purposes.

            4.5   The execution, delivery and effectiveness of this Second
Amendment and Waiver Agreement shall not, except as expressly provided herein,
operate as a modification, acceptance or waiver of any right, power or remedy of
the Lender under any of the Loan Documents, nor constitute a modification,
acceptance or waiver of any provision of any of the Loan Documents.

            4.6   The Borrower agrees to pay the Lender all reasonable costs and
expenses incurred by the Lender (including, without limitation, reasonable legal
fees and expenses) in connection with the preparation, negotiation and
enforcement of this Second Amendment and Waiver Agreement and related to the
negotiation of the Transaction Documents, together with all other fees currently
due and owing to the Lender under the Loan Agreement, concurrently with the
execution by Borrower of this Amendment.

            4.7   This Amendment may be executed in one or more counterparts,
each of which shall be deemed an original, and all of which shall constitute one
and the same instrument.

            4.8   This Amendment, together with the Loan Agreement and the other
Loan Documents, constitute the entire agreement between the parties with respect
to the subject matter of this Amendment and supersedes all prior understandings,
negotiations, representations and agreements, whether written or oral, between
the parties with respect to such subject matter. Any modification of the terms
of this Amendment shall not be effective unless in writing and signed by each
party.

                                      -11-
<PAGE>
            4.9   This Amendment shall be governed by and construed in
accordance with the internal laws of the State of New York applicable to
contracts made and to be wholly performed within such State, without reference
to principles of conflicts of laws.

            IN WITNESS WHEREOF, the parties hereto have caused this Second
Amendment and Waiver Agreement to be duly executed as of the date first written
above.

                                            WILLEY BROTHERS, INC.
                                            ("Borrower")

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

                                            FLEET CAPITAL CORPORATION
                                            ("Lender")

                                            By:    /s/ Michael Kerneklian
                                                   -----------------------------
                                                   Name:  Michael Kerneklian
                                                   Title: Vice President

                                      -12-
<PAGE>
                               ACKNOWLEDGEMENT OF
                    BRANDPARTNERS GROUP, INC. TO THE TERMS OF
                    THE SECOND AMENDMENT AND WAIVER AGREEMENT

            By its execution and delivery of this Acknowledgement, BrandPartners
Group, Inc., a Delaware corporation, formerly known as Financial Performance
Corporation, a New York Corporation and the Guarantor, as such term is defined
in the Loan Agreement, hereby acknowledges that it has read and understands the
terms of the Second Amendment and Waiver Agreement and confirms and ratifies the
terms thereof and its obligations under the Guaranty Agreement, as such Guaranty
Agreement may be amended by the terms of such Amendment.

               By: /s/ Edward T. Stolarski
                   -----------------------------------------------
                   Name:  Edward T. Stolarski
                   Title: Executive Vice President, a duly authorized officer of
                             BrandPartners Group, Inc.
                   Date:  October 22nd, 2001

                                      -13-

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