Document:

EXHIBIT 10.18
NORTH CAROLINA
                                             FIRST AMENDMENT TO LEASE AGREEMENT
MECKLENBURG COUNTY

         THIS FIRST AMENDMENT TO LEASE AGREEMENT made this    day of June, 2000,
effective as of June 1, 2000, by and between THE SPEIZMAN LLC, a North Carolina
limited liability company, ("Lessor") and SPEIZMAN INDUSTRIES, INC., a North
Carolina Corporation ("Lessee").

         WHEREAS, Lessor and Lessee have heretofore entered into that certain
Lease Agreement dated effective as of December 1, 1999 ("Lease"); and,

         WHEREAS, Lessor and Lessee are desirous of amending the Lease.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties do hereby agree to
amend the Lease as follows:

(1)      Paragraph 2 of the Lease is deleted and replaced with the following:

         "2. TERM. The term of this Lease shall end on May 31, 2015; provided,
however, that if Lessee remains in possession of the Premises after expiration
of the term hereof, with Lessor's acquiescence and without any express agreement
of the parties, Lessee shall be a tenant at will at the rental rate then in
effect at the end of the term. Provided, further, that if Lessee remains in
possession of the Premises after expiration of the terms hereof without Lessor's
acquiescence, Lessee shall be a tenant at sufferance and commencing on the date
following the date of expiration of the term, the monthly rental payable under
paragraph 3 hereof shall be, for each month or fraction thereof during which
Lessee remains in possession of the Premises, 200% of the monthly rental
otherwise payable under paragraph 3 hereof. Provided, finally, that in any event
of holding over after the end of the term of the Lease, there shall be no
renewal or extension of the Lease by operation of law or otherwise."

(2)      Paragraph 3 of the Lease is deleted and replaced with the following:

         3. RENT. Lessee shall pay to Lessor as rental for the Premises the sum
of Eighty-Seven Thousand Nine Hundred Thirty One and 29/100's Dollars
($87,931.29) per month, payable on or before the fifth (5th) day of each
calendar month during the term thereof. To the extent the first or last month of
the term of this Lease is less than a full calendar month, rental for such month
shall be prorated on a daily basis. Provided, however, that the monthly rental
payable hereunder shall be increased (but not decreased) each May 1 by any
change in the Consumer Price Index, Urban Wage Earners and Clerical Workers
(CPI-W, 1982-84=100) ("Index") by multiplying the then in effective monthly
rental by the value of said Index for the month two months prior to the then
present May 1 (or nearest available month) and dividing the product by the value
of said Index for the month two months prior to the then previous November 1 (or
nearest available month). Provided, further, however, that in no event shall any
single increase in monthly rental hereunder be greater than 2.5%. In the event
that the Index

<PAGE>

ceases to be published, there shall be substituted for the Index
the measure published by the U.S Department of Labor which most nearly
approximates the Index."

(3)      Paragraph 8 of the Lease is deleted and replaced with the following:

         "8. MAINTENANCE AND REPAIRS. Lessee shall be responsible for
maintaining the exterior walls, roof (including roof leak repairs) and other
structural components of the building situated on the Premises, along with basic
systems for electricity, air conditioning, heat, water and plumbing, in a
normal, reasonable and habitable condition and state of repair, consistent in
all respects with the condition and state of repair existing at the commencement
of this Lease, ordinary wear and tear excepted. Lessee also shall pay normal
operating expenses with respect to the Premises, including costs for ordinary
maintenance of the electrical, heat, air conditioning, and water and plumbing
systems which are necessary for the normal and customary operation thereof.
Lessee shall maintain the exterior grounds of the Premises in a neat and orderly
condition, and shall furnish all light bulbs for use on or in respect of the
Premises."

(4)      Paragraph 10 of the Lease is deleted and replaced with the following:

         "10. TAXES. Lessee shall pay all ad valorem real property taxes and
special assessments applicable (and any penalties for late payment associated
therewith) to the Premises during the term of this Lease not later than the due
date shown on the bill therefor. Lessee shall be solely responsible for paying
any taxes or governmental assessments levied upon Lessee's personal or business
property. Provided, however, the parties shall prorate taxes on a calendar year
basis for the year 2000 only; Lessor shall be responsible for January 1, 2000 to
May 31, 2000 and Lessee to be responsible for June 1, 2000 to December 31, 2000.
Lessor shall provide Lessee with a copy of the 2000 tax bill upon receipt.
Lessee shall pay its share of 2000 taxes to Lessor on or before December 31,
2000. Failure of Lessee to make such payment shall constitute a default
hereunder."

(5)      Except as modified herein, the Lease remains enforceable according to
its tenor as originally set forth.

         IN WITNESS WHEREOF, the parties have executed this agreement pursuant
to authority duly given.

                                     LESSOR:

                                      THE SPEIZMAN LLC

                                                                     [SEAL]
                                      -----------------------------
                                      Robert S. Speizman, Manager

                                       2
<PAGE>

                                     LESSEE:

                                                     SPEIZMAN INDUSTRIES, INC.

                                                     /s/ Robert S. Speizman
                                                     ---------------------------
                                                     By: Robert S. Speizman
                                                     Title: President

Attest:

/s/ John  C. Angelella
------------------------
         Secretary

[Corporate Seal]

                                       3
<PAGE>

STATE OF NORTH CAROLINA

COUNTY OF MECKLENBURG

         I, a Notary Public, do hereby certify that Robert S. Speizman
personally appeared before me this day and acknowledged that he is the manager
of The Speizman LLC, a North Carolina limited liability company, and further
acknowledged the due execution of this instrument on behalf of and as the
authorized act and deed of such limited liability company.

         Witness my hand and official stamp or seal, this the 16th day of June,
2000.

                                                     /s/ L. Gail Gormly
                                                     ------------------
                                                              Notary Public

My commission expires:

11-11-2000
------------------

STATE OF NORTH CAROLINA

COUNTY OF MECKLENBURG

         I, a Notary Public of the County and State aforesaid, certify that
Robert S. Speizman personally came before me this day and acknowledged that he
is the President of Speizman Industries, Inc. and that by authority duly given
and as the act of the corporation, the foregoing instrument was signed in its
name, sealed with its corporate seal and attested by its ___________ Secretary.

         Witness my hand and official stamp or seal, this the 16th day of
June, 2000.

                                                     /s/ L. Gail Gormly
                                                     ---------------------------
                                                           Notary Public

My commission expires:

11-11-2000
-----------------EXHIBIT 10.52
                        2000 THIRD AMENDMENT AGREEMENT TO
$37,000,000 AMENDED AND RESTATED LOAN AGREEMENT AND TERM NOTE

         THIS AMENDMENT AGREEMENT, made and entered into as of this 9th day of
May, 2000, by and between SPEIZMAN INDUSTRIES, INC., a Delaware corporation (the
"Borrower"), WINK DAVIS EQUIPMENT CO., INC., a Georgia corporation ("WD"), TODD
MOTION CONTROLS, INC., a North Carolina corporation ("TMC") and BANK OF AMERICA,
N.A. d/b/a NATIONSBANK, N.A., successor to NATIONSBANK, N.A., a national banking
association (the "Lender");

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

         WHEREAS, pursuant to the $37,000,000 Amended and Restated Loan
Agreement dated as of July 31, 1997 between Borrower and Lender, as amended by
1998 First Amendment Agreement thereto dated as of February 6, 1998, 1998 Second
Amendment Agreement dated as of December 30, 1998, 1999 First Amendment
Agreement thereto dated as of May 17, 1999, 1999 Second Amendment Agreement
thereto dated as of August 27, 1999, 1999 Third Amendment Agreement thereto
dated as of September 27, 1999, 1999 Fourth Amendment Agreement thereto dated as
of September 30, 1999, 1999 Fifth Amendment Agreement thereto dated as of
October 29, 1999, 1999 Sixth Amendment Agreement thereto dated as of November
16, 1999, 2000 First Amendment Agreement thereto dated as of January 26, 2000,
and 2000 Second Amendment Agreement thereto dated as of February 29, 2000, among
the Borrower, WD, TMC and the Lender (collectively the "Loan Agreement"),
arrangements were made for the extension by the Lender to the Borrower of credit
on the terms and conditions set forth in such Loan Agreement;

         WHEREAS, under the Loan Agreement, the Borrower obtained a Credit
Facility in the maximum aggregate principal amount at any time outstanding of up
to $37,000,000, of which (i) up to $30,000,000 may be allocated under a "Letter
of Credit Facility" for the issuance of documentary Letters of Credit to support
the Borrower's purchase and importing of (x) presold textile machinery in the
ordinary course of its business and (y) in certain cases, equipment to be held
as inventory for sale and, within such $30,000,000, up to $8,500,000, as
temporarily increased to $11,500,000, may be allocated to borrowings for the
Borrower's short term operating needs under a Revolving Line of Credit, and up
to $500,000 may be allocated for the issuance of Standby Letters of Credit, as
provided in such Loan Agreement, and (ii) up to $7,000,000, as subsequently
increased to $8,050,000 by Note Modification Agreement dated February 6, 1998,
may be allocated as a term loan, all upon the terms and conditions provided in
the Loan Agreement;

         WHEREAS, under the Loan Agreement, the Borrower has issued to the
Lender its Amended and Restated Revolving Credit Note dated July 31, 1997 in the
principal amount of $8,500,000 (the "Revolving Credit Note"), as modified by
Note Modification Agreement dated August 27, 1999 and Note Modification
Agreement dated September 27, 1999 and Note

<PAGE>

Modification Agreement dated November 10, 1999 and Note Modification Agreement
dated January 26, 2000 and Note Modification Agreement dated February 29, 2000;

         WHEREAS, under the Loan Agreement, the Borrower has issued to the
Lender its Term Note dated July 31, 1997 in the original principal amount of
$7,000,000, as subsequently increased to $8,050,000 by Note Modification
Agreement dated February 6, 1998 (the "Term Note");

         WHEREAS, collateral for the indebtedness and obligations of the
Borrower in respect of the Loan Agreement, the Revolving Credit Note and the
Letter of Credit Facility is provided under the Amended and Restated Security
Agreement dated July 31, 1997 between the Borrower, WD and the Lender and a
Security Agreement dated as of February 6, 1998 between TMC and the Lender
(collectively, the "Security Agreement");

         WHEREAS, the Borrower has requested that the Lender agree to certain
modifications to the Loan Agreement;

         NOW, THEREFORE, in consideration of the premises and mutual covenants
and conditions herein set forth, it is hereby agreed as follows:

         1. Terms. All terms used herein without definition, unless the context
clearly requires otherwise, shall have the meanings provided therefor in the
Loan Agreement.

         2. Amendment to Loan Agreement.

                  (A) Section 2.4(b)(iv) of the Loan Agreement is hereby amended
         to read as follows:

                           "(iv) Notwithstanding the foregoing, the Committed
                  Amount shall be $10,000,000 during the period August 12, 1999
                  to September 17, 1999, $11,500,000 during the period September
                  18, 1999 to January 20, 2000, $11,000,000 during the period
                  January 21, 2000 to February 29, 2000, $10,500,000 during the
                  period March 1, 2000 to March 31, 2000, $10,000,000 during the
                  period April 1, 2000 to June 30, 2000, subject to such
                  permanent reductions as may be required hereunder during such
                  period. At July 1, 2000 and thereafter, the Committed Amount
                  shall be permanently reduced to $6,000,000, less any other
                  permanent reductions which may otherwise be required
                  hereunder."

                  (B) Effective May 1, 2000, the unused fee described in Section
         2.11(a) of the Loan Agreement is changed from 3/8% (.375%) to 1/2%
         (.50%).

                  (C) The definition of "Applicable Margin" is hereby amended to
         read as follows:

                           "1.7. "Applicable Margin" means for purposes of
                  calculating the applicable interest rate for the Interest
                  Period for any Eurodollar Rate Loan, 2.0%.

                                       2
<PAGE>

                  Notwithstanding the foregoing, the Applicable Margin shall be
                  the following for the following periods:

                                    Period                  Applicable Margin
                                    ------                  -----------------
                           May 1, 2000 to May 31, 2000              3.0%
                           June 1, 2000 and thereafter              4.0%"

                  (D) The definition of "Base Rate" is hereby amended to read as
         follows:

                           "1.9. "Base Rate" means, for any Base Rate Loan, the
                  rate of interest equal to the sum of (x) the greater of (i)
                  Prime Rate or (ii) the Federal Funds Effective Rate plus
                  one-half percent and (y) one percent (1%), each change in such
                  Base Rate to be effective as of the effective date of any
                  change in the Prime Rate or the Federal Funds Effective Rate
                  giving rise thereto. Notwithstanding the foregoing, subpart
                  (y) above which reads "(y) one percent (1%)" shall read as
                  follows for the following periods:

                                    Period                 Subpart (y)
                                    ------                 -----------
                           May 1, 2000 to May 31, 2000     two percent (2.0%)
                           June 1, 2000 and thereafter     three percent (3.0%)"

                  (E) The failure to comply with the provisions of Section 8.2
         of the Loan Agreement for the Fiscal Quarter ending April 1, 2000 is
         waived.

         3. Representations and Warranties. Each of the Borrower, WD and TMC
hereby jointly and severally represents and warrants that:

                  (A) The representations and warranties contained in Article V
         of the Loan Agreement are hereby made by the Borrower on and as of the
         date hereof except the representations of Sections 5.3 and 5.4 shall
         refer to the most recent financial statements delivered under Section
         7.1 of the Loan Agreement.

                  (B) There has been no material change, and there exists no
         known prospective change, in the condition, financial or otherwise, of
         the Borrower, WD or TMC since the date of the most recent financial
         reports received by the Lender, other than changes in the ordinary
         course of business, none of which has been a materially adverse change;

                  (C) The business and properties of the Borrower, WD or TMC are
         not, and since the date of the most recent financial reports thereof
         received by Lender have not, been materially adversely affected as the
         result of any fire, explosion, earthquake, chemical spill, accident,
         strike, lockout, combination of workmen, flood, embargo, riot, or
         cancellation or loss of any major contracts;

                  (D) No event has occurred and no condition exists which,
         either prior to or upon the consummation of the transactions
         contemplated hereby, constitutes an Event of

                                       3
<PAGE>
         Default under the Loan Agreement, either immediately or with the lapse
         of time or the giving of notice, or both;

                  (E) The property which is collateral for the indebtedness of
         the Borrower, WD or TMC to the Lender under the Security Agreement and
         other collateral documents of the Borrower, WD or TMC in favor of the
         Lender are subject to no liens or encumbrances except Permitted Liens;

                  (F) The execution, delivery and performance by the Borrower,
         WD or TMC of its obligations under this Amendment Agreement will not
         cause a violation or default under any indenture, loan agreement, or
         other agreement of, or applicable to, the Borrower, WD or TMC; and

                  (G) Each of the Borrower, WD and TMC has the requisite
         corporate power and authority to execute, deliver and perform this
         Amendment Agreement; each of such documents has been duly authorized,
         executed and delivered; and each of such documents constitutes a valid,
         binding and enforceable instrument, obligation or agreement of the
         Borrower, WD or TMC, in accordance with its respective terms, except as
         enforcement thereof may be limited by bankruptcy, insolvency,
         reorganization, moratorium or other similar laws affecting enforcement
         of creditors' rights generally.

         4. Effectiveness of Documents. The terms and conditions hereof shall
not be effective until each of the following are delivered to the Lender:

                  (A) Amendment Agreement. Three (3) fully executed originals of
         this Amendment Agreement and Note Modification Agreement.

                  (B) Amendment Fee. An amendment fee of $10,000.

                  (C) Other Documents, Etc. Such other documents, instruments
         and certificates as the Lender may reasonably request.

         5. Miscellaneous.

                  (A) This Amendment Agreement sets forth the entire
         understanding and agreement of the parties hereto in relation to the
         subject matter hereof and supersedes any prior negotiations and
         agreements among the parties relative to such subject matter. No
         promise, condition, representation or warranty, express or implied, not
         herein set forth shall bind any party hereto, and none of them has
         relied on any such promise, condition, representation or warranty. Each
         of the parties hereto acknowledges that, except as in this Amendment
         Agreement otherwise expressly stated, no representations, warranties,
         or commitments, express or implied, have been made by any other party
         to the other regarding the subject matter hereof. None of the terms or
         conditions of this Amendment Agreement may be changed, modified, waived
         or canceled, orally or otherwise, except in a writing, signed by the
         party to be charged therewith, specifying such change,

                                       4
<PAGE>

         modification, waiver or cancellation of such terms or conditions, or of
         any preceding or succeeding breach thereof, unless expressly so stated.

                  (B) Except as hereby specifically amended, modified, or
         supplemented, the Loan Agreement, the Loan Documents and all other
         agreements, documents, and instruments related thereto are hereby
         confirmed and ratified in all respects and shall remain in full force
         and effect according to their respective terms.

                  (C) This Amendment Agreement may be executed in any number of
         counterparts, each of which shall be deemed to be an original as
         against any party whose signature appears thereon, and all of which
         together shall constitute one and the same instrument.

                  (D) This Amendment Agreement shall be governed by and
         construed and interpreted in accordance with the laws of the State of
         North Carolina.

                  (E) Upon request of the Lender, each of the parties hereto
         will duly execute and deliver or cause to be duly executed and
         delivered to the Lender such further instruments and do and cause to be
         done such further acts that may be reasonably necessary or proper in
         the opinion of the Lender to carry out more effectively the provisions
         and purposes hereof, including documents deemed necessary by the Lender
         to more fully evidence the obligations of Borrower, TMC or WD to Lender
         and protect and perfect the collateral therefor.

                  (F) The Borrower agrees to pay all reasonable costs and
         expenses of the Lender in connection with the preparation, execution
         and delivery of the documents executed in connection with this
         Amendment Agreement, including without limitation, the reasonable fees
         and out-of-pocket expenses of special counsel to the Lender.

                  (G) Each of WD and TMC (collectively the "Guarantors") as
         guarantors under, in the case of WD, a Guaranty Agreement dated July
         31, 1997 from the WD in favor of the Lender and, in the case of TMC, a
         Guaranty Agreement dated February 6, 1998, of TMC in favor of the
         Lender, hereby joins in this Amendment Agreement to join in the terms
         hereof and evidence its consent to the terms and conditions hereof.

                      [Signatures appear on following page]

                                       5
<PAGE>

         IN WITNESS WHEREOF, this Agreement has been duly executed as of the
date hereof by the Company and the Lender.

ATTEST:                                     SPEIZMAN INDUSTRIES, INC.

/s/ James H. McCorkle, III                  By: /s/ Robert S. Speizman
------------------------------------            -----------------------
Secretary                                   Name: Robert S. Speizman
                                                  ---------------------
                                            Title: President
                                                   --------------------

ATTEST:                                     WINK DAVIS EQUIPMENT CO., INC.

/s/ Dana Russell                            By: /s/ James H. McCorkle, III
------------------------------------           ---------------------------
Assistant Secretary                         Name: James H. McCorkle, III
                                                  ------------------------
                                            Title: Vice President
                                                   -----------------------

ATTEST:                                     TODD MOTION CONTROLS, INC.

/s/ James H. McCorkle, III                  By: /s/ Robert S. Speizman
------------------------------------           ---------------------------
Secretary                                   Name: Robert S. Speizman
                                                  ------------------------
                                            Title:   President
                                                   -----------------------

                                            BANK OF AMERICA, N.A.
                                            d/b/a NATIONSBANK, N.A.
                                            successor to NATIONSBANK, N.A.

                                            By: /s/ E. Phifer Helms
                                                --------------------------
                                            Name: E. Phifer Helms
                                                  ------------------------
                                            Title: Managing Director
                                                   -----------------------

                                       6

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