Document:

<PAGE>

                                                                EXHIBIT 10.18(e)

                                                                  EXECUTION COPY

                               THIRD AMENDMENT TO
                         RECEIVABLES PURCHASE AGREEMENT

         THIS THIRD AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT, dated as of
March 18, 2003 (this "Amendment"), is entered into by and among ARCH CHEMICALS
RECEIVABLES CORP., as seller (the "Seller"), ARCH CHEMICALS, INC., as the
servicer (the "Servicer"), BLUE RIDGE ASSET FUNDING CORPORATION, as a purchaser
("Blue Ridge") and WACHOVIA BANK, NATIONAL ASSOCIATION (f/k/a Wachovia Bank,
N.A.), as the Agent. Capitalized terms used and not otherwise defined herein are
used as defined in the Agreement (as defined below and amended hereby).

         WHEREAS, the parties hereto have entered into that certain Receivables
Purchase Agreement, dated as of March 19, 2002 (as amended, restated,
supplemented or otherwise modified to the date hereof, the "Agreement");

         WHEREAS, the parties hereto desire to amend the Agreement in certain
respects as hereinafter set forth;

         NOW THEREFORE, in consideration of the premises and the other mutual
covenants contained herein, the parties hereto agree as follows:

         SECTION 1.1 AMENDMENTS.

         The Agreement is hereby amended as follows:

         (a)      Section 9.1(h) is hereby deleted and replaced with the
following:

                           "(h)     As at the end of any Calculation Period:

                                    (i)      the three-month rolling average
                                             Delinquency Ratio shall exceed
                                             3.0%,"

                                    (ii)     the three-month rolling average
                                             Default Ratio shall exceed 2.5% or
                                             such other amount as may be
                                             determined from time to time
                                             pursuant to Section 9.3, or

                                    (iii)    the three-month rolling average
                                             Dilution Ratio shall exceed 5.9% or
                                             such other amount as may be
                                             determined from time to time
                                             pursuant to Section 9.3."

         (b)      A new Section 9.3 is hereby added as follows:

                           "Section 9.3. Determination of Trigger Ratios.

<PAGE>

                                    The Seller and the Servicer agree, that,
                           because the percentages set forth in Sections
                           9.1(h)(ii) and (iii) have been established based upon
                           estimates provided by the Servicer and that the
                           actual performance of the pool of Receivables may
                           differ from those estimates, the Agent may, from time
                           to time after the June 2003 Monthly Reporting Date,
                           in its sole credit judgment, based upon reasonable
                           analysis of the actual amounts of Defaulted
                           Receivables and Dilutions reported in the Monthly
                           Reports, change the percentages set forth in Sections
                           9.1(h)(ii) and/or (iii); provided, however, that the
                           Agent may not, prior to January 15, 2004, pursuant to
                           this Section 9.3, reduce the percentage set forth in
                           Section 9.1(h)(ii) below 2.2% or the percentage set
                           forth in Section 9.1(h)(iii) below 4.9%. The Agent
                           shall provide the Seller and the Servicer with prior
                           notice of each such change, each such change to take
                           effect on the effective date therefor as set forth in
                           such notice; provided, however, that no such change
                           shall take effect retroactively."

         (c)      Section 10.2 is hereby amended by adding the following new
sentence at the end thereof:

                           "For avoidance of doubt, any interpretation of
                  Accounting Research Bulletin No. 51 by the Financial
                  Accounting Standards Board shall constitute an adoption,
                  change, request or directive subject to this Section 10.2."

         (d)      Subclause (A) of clause (i) of the definition of "Eligible
Receivable" is hereby amended by deleting such subclause and replacing it with
the following:

                  "(A) if a natural person, is a resident of the United States
                   or, if a corporation or other business organization, is
                   organized under the laws of the United States or any
                   political subdivision thereof or under the laws of any
                   Province of Canada (excluding the Provinces of Quebec, New
                   Brunswick, Nova Scotia and Newfoundland) and has its chief
                   executive office in the United States or any Province of
                   Canada (excluding the Provinces of Quebec, New Brunswick,
                   Nova Scotia and Newfoundland);"

         (e)      Clause (i) of the definition of "Liquidity Termination Date"
is hereby deleted and replaced with the following:

                           "(i) the earlier of (A) January 15, 2004 or such
                  later date as the Liquidity Banks may agree in their sole
                  discretion, but not later than 364 days following the then
                  Purchase Termination Date (as such term is defined in the
                  Liquidity Agreement) and (B) the date on which the Liquidity
                  Bank's Liquidity Commitments otherwise cease to be available
                  to Blue Ridge or otherwise cease to be in full force and
                  effect; or"

                                      -2-
<PAGE>

         (f)      The definition of "Obligor Concentration Limit" in Exhibit I
to the Agreement is hereby amended by deleting the table set forth therein and
replacing it with the following:

<TABLE>
<CAPTION>
                                                                    Allowable % of Eligible
           S&P Rating                     Moody's Rating                  Receivables
--------------------------------    -------------------------       -----------------------
<S>                                 <C>                             <C>
               A-1+                            P-1                            10%
               A-1                             P-1                             8%
               A-2                             P-2                             6%
               A-3                             P-3                           3.5%
Below A-3 or Not Rated by either    Below P-3 or Not Rated by                3.0%
         S&P or Moody's               either S&P or Moody's
</TABLE>

         (g)      The definition of "Receivable" in Exhibit I to the Agreement
is hereby amended by adding the following phrase at the end of the first
sentence thereof and before the period:

                  "; provided, however, that in each case the Obligor of such
                  indebtedness or other obligation is domiciled in the United
                  States of America or in Canada (excluding the Provinces of
                  Quebec, New Brunswick, Nova Scotia and Newfoundland)"

         (h)      Clause (i) of the definition of "Required Reserve Factor
Floor" in Exhibit I to the Agreement is hereby amended and restated to read as
follows:

                  "(i) 12% (provided that for each Calculation Period from March
                  to and including August of each calendar year, the percentage
                  shall be 18% instead of 12%), plus"

         SECTION 1.2 REFERENCE TO AND EFFECT ON THE AGREEMENT AND THE RELATED
DOCUMENTS.

         (a)      Upon the effectiveness of this Amendment, (i) each of the
Seller Parties hereby reaffirms all representations and warranties made by it in
Article V of the Agreement (as amended hereby) and agrees that all such
covenants, representations and warranties shall be deemed to have been remade as
of the effective date of this Amendment, (ii) each of the Seller Parties hereby
represents and warrants that no Amortization Event or Unmatured Amortization
Event shall have occurred and be continuing and (iii) each reference in the
Agreement to "this Agreement", "hereunder", "hereof", "herein" or words of like
import shall mean and be, and any references to the Agreement in any other
document, instrument or agreement executed and/or delivered in connection with
the Agreement shall mean and be, a reference to the Agreement as amended hereby.

         (b)      The Seller hereby agrees that in addition to any costs
otherwise required to be paid pursuant to the Transaction Documents, the Seller
shall pay the reasonable legal fees and out-of pocket expenses of the Agent's
counsel, Hunton & Williams, and all audit fees and due diligence costs incurred
by the Agent in connection with the consummation of this Amendment.

                                      -3-
<PAGE>

         SECTION 1.3 EFFECTIVENESS AND EFFECT.

         This Amendment shall be effective on the day (the "Amendment Effective
Date") on which the last to occur of the following: (i) execution by the Seller
Parties of this Amendment, (ii) execution of the First Amendment to the
Receivables Sale Agreement, dated as of the date hereof, by each of the parties
thereto; (iii) execution of the Amended and Restated Fee Letter, dated the date
hereof, by each of the Seller Parties and (iv) payment of all amounts required
to be paid to the Agent on the Amendment Effective Date under the Amended and
Restated Fee Letter. Except as otherwise amended by this Amendment, the
Agreement shall continue in full force and effect and is hereby ratified and
confirmed.

         SECTION 1.4 GOVERNING LAW.

         This Amendment will be governed by and construed in accordance with the
laws of the State of New York.

         SECTION 1.5 SEVERABILITY.

         Each provision of this Amendment shall be severable from every other
provision of this Amendment for the purpose of determining the legal
enforceability of any provision hereof, and the unenforceability of one or more
provisions of this Amendment in one jurisdiction shall not have the effect of
rendering such provision or provisions unenforceable in any other jurisdiction.

         SECTION 1.6 COUNTERPARTS.

         This Amendment may be executed in one or more counterparts, each of
which shall be deemed to be an original, but all of which together shall
constitute one and the same instrument. Delivery of an executed counterpart of a
signature page by facsimile shall be effective as delivery of a manually
executed counterpart of this Amendment.

                                      -4-
<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed by their respective officers thereunto duly authorized, as of the date
first above written.

                                    ARCH CHEMICALS RECEIVABLES CORP.,
                                    as the Seller

                                    By: /s/ W. Paul Bush
                                        ----------------------------------------
                                        Name: W. Paul Bush
                                        Title: Treasurer

                                    ARCH CHEMICALS, INC.,
                                    as the Servicer

                                    By: /s/ W. Paul Bush
                                        ----------------------------------------
                                        Name: W. Paul Bush
                                        Title: Treasurer

                        [additional signatures to follow]

<PAGE>

                                    BLUE RIDGE ASSET FUNDING
                                    CORPORATION,
                                    as a Purchaser

                                      by Wachovia Securities, Inc.,
                                        as Attorney-in-Fact

                                    By: /s/  Douglas R. Wilson, Sr.
                                        ----------------------------------------
                                      Name: Douglas R. Wilson, Sr.
                                      Title: Vice President

                                    WACHOVIA BANK,
                                    NATIONAL ASSOCIATION,
                                    as Agent

                                    By: /s/  Elizabeth R. Wagner
                                        ----------------------------------------
                                       Name: Elizabeth R. Wagner
                                       Title: Director

                               [end of signatures]<PAGE>
                                                                   EXHIBIT 10.07

                                                                  EXECUTION COPY

                         FIRST AMENDMENT dated as of June 30, 2003 (this
                    "Amendment") to the Three-Year Competitive Advance and
                    Revolving Credit Facility Agreement (as amended,
                    supplemented or otherwise modified from time to time, the
                    "Credit Agreement") dated as of December 31, 2002 among THE
                    HARTFORD FINANCIAL SERVICES GROUP, INC. and HARTFORD LIFE,
                    INC. (individually the "Borrower" and collectively the
                    "Borrowers"), the LENDERS party thereto and JPMORGAN CHASE
                    BANK and CITIBANK, N. A., as co-administrative agents (the
                    "Agent")

A.   Capitalized terms used but not otherwise defined herein have the meanings
     assigned to them in the Credit Agreement.

B.   The Borrowers have requested that the Lenders amend a certain provision of
     the Credit Agreement. The Required Lenders are willing to agree to such
     amendment on the terms and subject to the conditions of this Amendment.

     Accordingly, in consideration of the mutual agreements herein contained and
     other good and valuable consideration, the sufficiency and receipt of which
     are hereby acknowledged, the parties hereto hereby agrees as follows:

     Section 1. Amendment to the Credit Agreement. The definition of "Equity
     Units" is hereby amended to read as follows:

          "Equity Units" shall mean the 6,600,000 6% Equity Units issued by the
     Company on September 13, 2002, the 12,000,000 7% Equity Units issued by the
     Company on May 23, 2003 and the 1,800,000 7% Equity Units issued by the
     Company on May 30, 2003.

     Section 2. Representations, Warranties and Agreements. Each of the
     Borrowers hereby represents and warrants to and agrees with each Lender and
     the Agent that:

          (a)  The representations and warranties set forth in Article III of
               the Credit Agreement are true and correct in all material
               respects with the same effect as if made on the Amendment

<PAGE>

               Effective Date, except to the extent such representations and
               warranties expressly relate to an earlier date.

          (b)  As of the Amendment Effective Date, no Event of Default or
               Default has occurred and is continuing.

     Section 3. Conditions to Effectiveness. This Amendment shall be effective
     as of June 30, 2003 upon the satisfaction in full of the condition
     precedent (the "Amendment Effective Date") that the Agent shall have
     received duly executed counterparts hereof which, when taken together, bear
     the authorized signatures of each Borrower, the Agent and the Required
     Lenders.

     Section 4. Credit Agreement. Except as specifically stated herein, the
     Credit Agreement shall continue in full force and effect in accordance with
     the provisions thereof. As used therein, the terms "Agreement", "herein",
     "hereunder", "hereto", "hereof" and words similar import shall, unless the
     context otherwise requires, refer to the Credit Agreement as modified
     hereby.

     Section 5. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY AND
     CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

     Section 6. Counterparts. This Amendment may be executed in any number of
     counterparts, each of which shall be an original but all of which, when
     taken together, shall constitute but one instrument. Delivery of an
     executed counterpart of a signature page of this Amendment by telecopy
     shall be effective as delivery of a manually executed counterpart of this
     Amendment.

     Section 7. Expenses. Each Borrower agrees to reimburse the Agent for its
     out-of-pocket expenses in connection with this Amendment, including the
     reasonable fees, charges and disbursements of Cravath, Swaine & Moore LLP
     counsel for the Agent.

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officers as of the date first above
written.

                                 THE HARTFORD FINANCIAL SERVICES GROUP, INC.,
                                 by:  /s/ John N. Giamalis
                                    --------------------------------------------
                                    Name:  JOHN N. GIAMALIS
                                    Title: Senior Vice President and Treasurer

                                 HARTFORD LIFE, INC.,
                                 by:  /s/ John N. Giamalis
                                    --------------------------------------------
                                    Name:  JOHN N. GIAMALIS
                                    Title: Senior Vice President and Treasurer

                                 JPMORGAN CHASE BANK, individually and as
                                 Co-Administrative Agent

                                 by:
                                    --------------------------------------------
                                    Name:
                                    Title:

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officers as of the date first above
written.

                                 THE HARTFORD FINANCIAL SERVICES GROUP, INC.,
                                 by:
                                    --------------------------------------------
                                      Name:
                                      Title:

                                 HARTFORD LIFE, INC.,
                                 by:
                                    --------------------------------------------
                                     Name:
                                     Title:

                                 JPMORGAN CHASE BANK, individually and as
                                 Co-Administrative Agent

                                 by:  /s/ Heather A. Lindstrom
                                    --------------------------------------------
                                    Name:  Heather A. Lindstrom
                                    Title: Vice President

<PAGE>

                                 Signature Page to First Amendment dated as of
                                 June 30, 2003 to the Three-Year Competitive
                                 Advance and Revolving Credit Facility
                                 Agreement dated as of December 31, 2002 among
                                 The Hartford Financial Services Group, Inc.;
                                 Hartford Life, Inc.; the Lenders party thereto
                                 and JPMorgan Chase Bank.

                                 Name of Institution: Bank of America

                                 by:  /s/ Leslie Nannen
                                    --------------------------------------------
                                    Name:   Leslie Nannen
                                    Title:  Vice President

<PAGE>

                                 Signature Page to First Amendment dated as of
                                 June 30, 2003 to the Three-Year Competitive
                                 Advance and Revolving Credit Facility
                                 Agreement dated as of December 31, 2002 among
                                 The Hartford Financial Services Group, Inc.;
                                 Hartford Life, Inc.; the Lenders party thereto
                                 and JPMorgan Chase Bank.

                                 Name of Institution: Citibank,  N.A.

                                 by:  /s/ Maria G. Hackley
                                    --------------------------------------------
                                    Name:  Maria G. Hackley
                                    Title: Managing Director

<PAGE>

                                 Signature Page to First Amendment dated as of
                                 June 30, 2003 to the Three-Year Competitive
                                 Advance and Revolving Credit Facility
                                 Agreement dated as of December 31, 2002 among
                                 The Hartford Financial Services Group, Inc.;
                                 Hartford Life, Inc.; the Lenders party thereto
                                 and JPMorgan Chase Bank.

                                 DEUTSCHE BANK AG, New York Branch

                                 by: /s/ John S. McGill
                                   ---------------------------------------------
                                   Name:  John S. McGill
                                   Title: Director

                                 By: /s/ Charles Kohler
                                   ---------------------------------------------
                                   Name:  Charles Kohler
                                   Title: Managing Director

<PAGE>
                                 Signature Page to First Amendment dated as of
                                 June 30, 2003 to the Three-Year Competitive
                                 Advance and Revolving Credit Facility
                                 Agreement dated as of December 31, 2002 among
                                 The Hartford Financial Services Group, Inc.;
                                 Hartford Life, Inc.; the Lenders party thereto
                                 and JPMorgan Chase Bank.

                                 Name of Institution: Fleet National Bank

                                 by:  /s/ Carla Balesano
                                   ---------------------------------------------
                                   Name:  Carla Balesano
                                   Title: Director

<PAGE>

                                 Signature Page to First Amendment dated as of
                                 June 30, 2003 to the Three-Year Competitive
                                 Advance and Revolving Credit Facility
                                 Agreement dated as of December 31, 2002 among
                                 The Hartford Financial Services Group, Inc.;
                                 Hartford Life, Inc.; the Lenders party thereto
                                 and JPMorgan Chase Bank.

                                 Name of Institution: Mellon Bank N. A.

                                 by:  /s/ Carrie Burnham
                                   ---------------------------------------------
                                   Name:   Carrie Burnham
                                   Title:  Assistant Vice President

<PAGE>

                                Signature Page to First Amendment dated as of
                                June 30, 2003 to the Three-Year Competitive
                                Advance and Revolving Credit Facility
                                Agreement dated as of December 31, 2002 among
                                The Hartford Financial Services Group, Inc.;
                                Hartford Life, Inc.; the Lenders party thereto
                                and JPMorgan Chase Bank.

                                 Name of Institution: Morgan Stanley Bank

                                 by:  /s/ Jaap Tonckens
                                 -----------------------------------------------
                                   Name:  Jaap L.Tonckens
                                   Title: Vice President

<PAGE>

                                 Signature Page to First Amendment dated as of
                                 June 30, 2003 to the Three-Year Competitive
                                 Advance and Revolving Credit Facility
                                 Agreement dated as of December 31, 2002 among
                                 The Hartford Financial Services Group, Inc.;
                                 Hartford Life, Inc.; the Lenders party thereto
                                 and JPMorgan Chase Bank.

                                 Name of Institution: State Street Bank
                                        and Trust Company

                                 by:  /s/ Edward M. Anderson
                                 -----------------------------------------------
                                   Name:  Edward M. Anderson
                                   Title: Vice President

<PAGE>

                                 Signature Page to First Amendment dated as of
                                 June 30, 2003 to the Three- Year Competitive
                                 Advance and Revolving Credit Facility
                                 Agreement dated as of December 31, 2002 among
                                 The Hartford Financial Services Group, Inc.;
                                 Hartford Life, Inc.; the Lenders party thereto
                                 and JPMorgan Chase Bank.

                                 UBS AG, CAYMAN ISLANDS BRANCH

                                 By:  /s/ Wilfred V. Saint
                                   ---------------------------------------------
                                   Name:   Wilfred V. Saint
                                   Title:  Associate Director Banking
                                           Products Services US

                                 By:  /s/ Reto Jenal
                                    --------------------------------------------
                                    Name:  Reto Jenal
                                    Title: Executive Director

<PAGE>

                                 Signature Page to First Amendment dated as of
                                 June 30, 2003 to the Three-Year Competitive
                                 Advance and Revolving Credit Facility
                                 Agreement dated as of December 31, 2002 among
                                 The Hartford Financial Services Group, Inc.;
                                 Hartford Life, Inc.; the Lenders party thereto
                                 and JPMorgan Chase Bank.

                                 Name of Institution:
                                 Wachovia Bank, National Association

                                 by:  /s/ Kimberly Shaffer
                                    --------------------------------------------
                                    Name:        Kimberly Shaffer
                                    Title: Director

<PAGE>
                                  Signature Page to First Amendment dated as of
                                  June 30, 2003 to the Three-Year Competitive
                                  Advance and Revolving Credit Facility
                                  Agreement dated as of December 31, 2002 among
                                  The Hartford Financial Services Group, Inc.;
                                  Hartford Life, Inc.; the Lenders party thereto
                                  and JPMorgan Chase Bank.

                                 WELLS FARGO BANK, NATIONAL ASSOCIATION:

                                 by:  /s/ Beth C. McGinnis
                                    --------------------------------------------
                                 Name:  Beth C. McGinnis
                                 Title: Vice President

                                 by:  /s/ James Doherty
                                 -----------------------------------------------
                                 Name:  James Doherty
                                 Title: Vice President

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