Document:

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                                                                    EXHIBIT 10.1

                                      BB&T
                                 LOAN AGREEMENT

                                Absorption Corp.
          ------------------------------------------------------------
                                   9540018690

This Loan Agreement (the "Agreement") is made this 20th day of August, 2003 by
and between BRANCH BANKING AND TRUST COMPANY, a North Carolina banking
corporation ("Bank"), and:
Absorption Corp., a Nevada corporation ("Borrower"), having its chief executive
office at Bellingham, WA.

International Absorbents, Inc. ("Guarantor")

The Borrower has applied to Bank for and the Bank has agreed to make, subject to
the terms of this Agreement, the following loan(s) (hereinafter referred to,
singularly or collectively, if more than one, as "Loan"):

TERM LOANS ("Term Loans") in the principal amount of $4,691,500 for the purpose
of purchase of real estate, construction of new buildings or building additions
and the purchase of new and used machinery and equipment which shall be
evidenced by the Borrower's Promissory Notes dated of even date herewith payable
in consecutive monthly installments as provided therein and shall bear interest
at the rates described more particularly in such notes, the terms of which are
incorporated herein by reference. The Term Loans shall mature as provided in
said notes, when the entire unpaid principal balance then outstanding plus
accrued interest thereon shall be paid in full.

Prepayment Compensation:  None

Additional terms, conditions, and covenants of this Agreement are described in
schedule CC (applicable only to the Term Loan for the purchase of real estate
and related property of $1,827,500 original principal amount as reflected in the
Promissory Note) and Addendum A, the terms of which are incorporated herein by
reference. The promissory notes evidencing the Term Loans are referred to herein
as the "Note(s)" and shall include all extensions, renewals, modifications and
substitutions thereof. The Term Loans shall be secured by the collateral
described in the security documents described below.

Section 1 CONDITIONS PRECEDENT

The Bank shall not be obligated to make any disbursement of loan proceeds until
all of the following conditions have been satisfied by proper evidence,
execution, and/or delivery to the Bank of the following items in addition to
this Agreement, all in form and substance satisfactory to the Bank and the
Bank's counsel in their sole discretion:

NOTE(S): The Note(s) evidencing the Loan(s) duly executed by the Borrower.

SECURITY DEED: The Security Deed in which Borrower or other owner thereof, if
applicable, shall grant to Bank a security title to the specified real property
and improvements thereon ("Mortgaged Property").

TITLE INSURANCE: A Standard ALTA mortgage policy from a company or companies
approved by the Bank providing coverage for the aggregate principal amount of
the Note(s) and insuring the appropriate priority of the Security Deed and which
shall not contain any title exceptions not approved by the Bank and Bank's
counsel.

SURVEY: A certified copy of a recent survey of the Mortgaged Property prepared
by a registered land surveyor or a civil engineer.

FLOOD HAZARD CERTIFICATION: Evidence satisfactory to Bank and Bank's counsel as
to whether the Mortgaged Property is located within an area identified as having
"special flood hazards" as such term is used in the Federal Flood Disaster
Protection Act of 1973.

ENVIRONMENTAL AUDIT REPORT: A favorable "Phase I" environmental audit covering
the Mortgaged Property from an independent environmental engineering firm
satisfactory to Bank which reflects that no hazardous waste, toxic substances,
or other hazardous materials have contaminated the Mortgaged Property or, if the
Mortgaged Property has been so contaminated that is has been satisfactorily
cleaned up in accordance with all Environmental Laws. The Bank shall be fully
authorized to discuss all aspects of the audit with the engineering firm.

SECURITY AGREEMENT(S): Security Agreement(s) in which Borrower and any other
owner, if applicable, (a "Debtor"), of personal property collateral shall grant
to Bank a first priority security interest in the personal property specified
therein. (If Bank has or will have a security interest in any collateral which
is inferior to the security interest of another creditor, Borrower must fully
disclose to Bank any and all prior security interests, and Bank must
specifically approve any such security interest which will continue during the
Loan.)

UCC FINANCING STATEMENTS: Acknowledged copies of UCC Financing Statements duly
filed in Borrower's or other owner's state of incorporation, organization or
residence, and in all jurisdictions necessary, or in the opinion of the Bank
desirable, to perfect the security interests granted in the Security
Agreement(s), and certified copies of Information requests identifying all
previous financing statements on record for the Borrower or other owner, as
appropriate from all jurisdictions indicating that no security interest has
previously been granted in any of the collateral described in the Security
Agreement(s), unless prior approval has been given by the Bank.

AUTHORIZATION AND CERTIFICATES: An Authorization and Certification executed by
each Debtor under which such Debtor authorizes Bank to file a UCC Financing
statement describing collateral owned by such Debtor.

COMMITMENT FEE: A commitment fee of 1/4% of the loan amount payable to the Bank
on the date of execution of the Loan Documents.

CORPORATE RESOLUTION: A Corporate Resolution duly adopted by the Board of
Directors of the Borrower authorizing the execution, delivery, and performance
of the Loan Documents on or in a form provided by or acceptable to Bank.

ARTICLES OF INCORPORATION: A copy of the Articles of Incorporation and all other
charter documents of the Borrower, all filed with and certified by the Secretary
of State of the Sate of the Borrower's incorporation.

BY-LAWS: A copy of the By-Laws of the Borrower, certified by the Secretary of
the Borrower as to their completeness and accuracy.

CERTIFICATE OF EXISTENCE: A certification of the Secretary of State (or other
government authority) of the State of the Borrower's Incorporation or
Organization as to the existence or good standing of the Borrower and its
charter documents on file.

OPINION OF COUNSEL: An opinion of counsel for the Borrower satisfactory to the
Bank and the Bank's counsel.

GUARANTY: Guaranty Agreement(s) duly executed by the Guarantor(s).

EQUITY REQUIREMENTS: Borrower shall inject a minimum of 15% cash equity at
Closing of the appraised value of the improved real property included in the
project relating to the Term Loans. Said equity injection shall be made prior to
any advances on the Term Loans.

APPRAISAL(S): Two (2) copies of an appraisal ordered by the Bank of the
estimated market value of the real and/or personal property offered as
collateral for the Loan(s) referenced herein. The appraisal(s) must be addressed
to the Bank and must conform to the Uniform Standards of Professional Appraisal
Practice ("USPAP") adopted by the Appraisal Standards Board of the Appraisal
Foundation. Any deviation from this USPAP must be explained in the appraisal(s).
The appraiser(s) must be licensed and/or certified if required by applicable
Federal Deposit Insurance Corporation regulations or state laws.

ADDITIONAL DOCUMENTS: Receipt by the Bank of other approvals, opinions, or
documents as the Bank my reasonably request.

Section 2 REPRESENTATIONS AND WARRANTIES

The Borrower and Guarantor(s) represent and warrant to Bank that:

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2.01.    FINANCIAL STATEMENTS. The balance sheet of the Guarantor and its
         subsidiaries, if any, and the related Statements of Income and Retained
         Earnings of the Borrower and its subsidiaries, the accompanying
         footnotes together with the accountant's opinion thereon, and all other
         financial information previously furnished to the Bank, are true and
         correct and fairly reflect the financial condition of the Borrower and
         its subsidiaries as of the dates thereof, including all contingent
         liabilities of every type, and the financial condition of the Borrower
         and its subsidiaries as stated therein has not changed materially and
         adversely since the date thereof. Each Guarantor further represents and
         warrants that all financial statements provided by such Guarantor to
         Bank concerning such Guarantor's financial condition are true and
         correct and fairly represent such Guarantor's financial condition as of
         the date thereof.

2.02.    NAME CAPACITY AND STANDING. The Borrower's exact legal name is
         correctly stated in the initial paragraph of the Agreement. If the
         Borrower and/or any Guarantor is a corporation, general partnership,
         limited partnership, limited liability partnership, or limited
         liability company, each warrants and represents that it is duly
         organized and validly existing under the laws of its respective state
         of incorporation or organization; that it and/or its subsidiaries, if
         any, are duly qualified and in good standing in every other state in
         which the nature of their business shall require such qualification,
         and are ach duly authorized by their board of directors, general
         partners or member/manager(s), respectively, to enter into and perform
         the obligations under the Loan Documents.

2.03.    NO VIOLATION OF OTHER AGREEMENTS. The execution of the Loan Documents,
         and the performance by the Borrower, by any and all pledgors (whether
         the Borrower or other owners of collateral property securing payment of
         the Loan (hereinafter sometimes referred to as the "Pledgor")) or by
         the Guarantor(s) thereunder will not violate any provision, as
         applicable, of its articles of incorporation, by-laws, articles of
         organization, operating agreement, agreement of partnership, limited
         partnership or limited liability partnership, or of any laws, other
         agreement, indenture, note or other instrument binding upon the
         Borrower, Pledgor or Guarantor(s), or give cause for the acceleration
         of any of the respective obligations of the Borrower or Guarantor(s).

2.04.    AUTHORITY. All authority from and approval by any federal, state, or
         local governmental body, commission or agency necessary to the making,
         validity, or enforceability of this Agreement and the other Loan
         Documents has been obtained.

2.05.    ASSET OWNERSHIP. The Borrower and each Guarantor have good and
         marketable or insurable title to all of the properties and assets
         reflected on the balance sheets and financial statements furnished to
         the Bank, and all such properties and assets are free and clear of
         mortgages, deeds of trust, pledges, liens, and all other encumbrances
         except as related to the certain Taxable Rate Loan Agreement or Tax
         Exempt Loan Agreement dated as of March 1, 2003 between GE Capital
         Public Finance, Inc. as Lender and Absorption Corp as Borrower, as and
         if amended (which Agreement covers only property in Washington State)
         and except as otherwise disclosed by such financial statements. In
         addition, each other owner of collateral has good and marketable title
         to such collateral, free and clear of any liens, security interests and
         encumbrances, except as otherwise disclosed to Bank.

2.06.    DISCHARGE OF LIENS AND TAXES. The Borrower and its subsidiaries, if
         any, and each Guarantor have filed, paid and/or discharged all taxes or
         other claims which may become a lien on any of their respective
         properties or assets, excepting to the extent that such items are being
         appropriately contested in good faith and for which an adequate reserve
         (in an amount acceptable to Bank) for the payment thereof is being
         maintained.

2.07.    REGULATION U. None of the Loan proceeds shall be used directly or
         indirectly for the purpose of purchasing or carrying any margin stock
         in violation of the provisions of Regulation U of the Board of
         Governors of the Federal Reserve System.

2.08.    ERISA. Each employee benefit plan, as defined by the Employee
         Retirement Income Security Act of 1974, as amended ("ERISA"),
         maintained by the Borrower or by any subsidiary of the Borrower or
         Guarantor(s) meets, as of the date hereof, the minimum funding
         standards of Section 302 of ERISA, all applicable requirements of ERISA
         and of the Internal Revenue Code of 1986,as amended, and no "Reportable
         Event" nor "Prohibited Transaction" (as define by ERISA) has occurred
         with respect to any such plan.

2.09.    LITIGATION. There is no claim, action, suit or proceeding pending,
         threatened or reasonably anticipated before any court, commission,
         administrative agency, whether State or Federal, or arbitration which
         will materially adversely affect the financial condition, operations,
         properties, or business of the Borrower or its subsidiaries, if any ,
         or the Guarantor(s), or the ability of the Borrower or the Guarantor(s)
         to perform their obligations under the Loan Documents.

2.10.    OTHER AGREEMENTS. The representations and warranties made by Borrower
         to Bank in the other Loan Documents are true and correct in all
         respects on the date hereof.

2.11.    BINDING AND ENFORCEABLE. The Loan Documents, when executed, shall
         constitute valid and blind obligations of the Borrower and Guarantors
         respectively, the execution of such Loan Documents has been duly
         authorized by the parties thereto, and they are enforceable in
         accordance with their terms, except as may be limited by bankruptcy,
         insolvency, moratorium, or similar laws affecting creditors' rights
         generally.

2.12.    COMMERCIAL PURPOSE. The Loan(s) are not "consumer transactions", as
         defined in the Georgia Uniform Commercial Code, and none of the
         collateral was or will be purchased or held primarily for personal,
         family or household purposes.

Section 3 AFFIRMATIVE COVENANTS

The Borrower covenants and agrees that from the date hereof and until payment in
full of all indebtedness and performance of all obligations owed under the Loan
Documents, Borrower shall:

3.01.    MAINTAIN EXISTENCE AND CURRENT LEGAL FORM OF BUSINESS. (a) Maintain its
         existence and good standing in the state of its incorporation or
         organization, (b) maintain its current legal form of business indicated
         above, and (c), as applicable, qualify and remain qualified as a
         foreign corporation, general partnership, limited partnership, limited
         liability partnership of limited liability company in each jurisdiction
         in which such qualification is required.

3.02.    MAINTAIN RECORDS. Keep adequate records and books of account, in which
         complete entries will be made in accordance with GAAP consistently
         applied, reflecting all financial transactions of the Borrower.

3.03.    MAINTAIN PROPERTIES. Maintain, keep, and preserve all of its properties
         (tangible and intangible) including the collateral necessary or useful
         in the conduct of its business in good working order and condition,
         ordinary wear and tear excepted.

3.04.    CONDUCT OF BUSINESS. Continue to engage in an efficient, prudent, and
         economical manner in a business of the same general type as now
         conducted.

3.05.    MAINTAIN INSURANCE. Maintain insurance with financially sound and
         reputable insurance companies or associations in such amounts and
         covering such risks as are usually carried by companies engaged in the
         same or a similar business, and business interruption insurance if
         required by Bank, which insurance may provide for reasonable
         deductible(s). The Banks shall be named as loss payee (Long Form) on
         all policies which apply to the Bank's collateral, and the Borrower
         shall deliver certificates of insurance at closing evidencing same. All
         such insurance policies shall provide, and the certificates shall
         state, that no policy will be terminated without 30 days prior written
         notice to Bank.

3.06.    COMPLY WITH LAWS. Comply in all respects with all applicable laws,
         rules, regulations, and orders including, without limitation, paying
         before the delinquency (unless being contested, but without risking
         forfeiture) of all taxes, assessments, and governmental charges imposed
         upon it or upon its property, and all Environmental Laws.

3.07.    RIGHT OF INSPECTION. Permit the officers and authorized agents of the
         Bank, at any reasonable time or times in the Bank's sole discretion, to
         examine and make copies of the records and books of account of, to
         visit the properties of the Borrower, and to discuss such matters with
         any officers, directors, managers, members or partners, limited or
         general of the Borrower, and the Borrower's independent accountant as
         the Bank deems necessary and proper.

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3.08.    REPORTING REQUIREMENTS. Furnish to the Bank:

         QUARTERLY FINANCIAL STATEMENTS. As soon as available and not more than
         forty five (45) days after the end of each quarter, balance sheets,
         statements of income, cash flow, and retained earnings for the period
         ended and a statement of changes in the financial position, all in
         reasonable detail, and all prepared in accordance with GAAP
         consistently applied and certified as true and correct by an officer,
         general partner or manager (or member(s)) of the Borrower, as
         appropriate.

         ANNUAL FINANCIAL STATEMENTS. For the Borrower and the Guarantor,
         respectively, as soon as available and not more than ninety (90) days
         after the end of each fiscal year, balance sheets, statement of income,
         and retained earnings for the period ended and a statement of changes
         in the financial position, all in reasonable detail, and all prepared
         in accordance with GAAP consistently applied. The financial statements
         for the Guarantor must be of the following quality or better: Audited
         (consolidating Borrower).

         NOTICE OF LITIGATION: Promptly after the receipt by the Borrower, or by
         any Guarantor of which Borrower has knowledge, of notice or complaint
         of any action, suit, and proceeding before any court or administrative
         agency of any type which, if determined adversely, could have a
         material adverse effect on the financial condition, properties, or
         operations of the Borrower or Guarantor, as appropriate.

         TAX RETURNS. As soon as available each year, complete copies (including
         all schedules) of all state and federal tax returns filed by Borrower.

         NOTICE OF DEFAULT. Promptly upon discovery or knowledge thereof, notice
         of the existence of any event of default under this Agreement or any
         other Loan Documents.

         OTHER INFORMATION. Such other information as the Bank may from time to
         time reasonably request.

3.09.    DEPOSIT ACCOUNTS. Maintain substantially all of its demand
         depository/operating accounts with the Bank.

3.10.    AFFIRMATIVE COVENANTS FROM OTHER LOSS DOCUMENTS. All affirmative
         covenants contained in any Security Deed, Security Agreement, or other
         security document executed by the Borrower which are described in
         paragraph 2 hereof are hereby incorporated by reference herein.

3.11.    Loans from stockholders, officers, directors and affiliates of Borrower
         and Guarantor shall be subordinated to the Term Loans.

Section 4 GUARANTOR(S) COVENANTS

Each Guarantor covenants and agrees that from the date hereof and until payment
in full of all indebtedness and performance of all obligations owed under the
Loan Documents, Guarantor shall:

4.01.    MAINTAIN EXISTENCE AND CURRENT LEGAL FORM OF BUSINESS. If Guarantor is
         a corporation, partnership, limited partnership, limited liability
         partnership or limited liability company, (a) maintain its existence
         and good standing in the province of its incorporation or organization,
         (b) maintain its current legal form of business as shown on the
         guaranty agreement provided by Guarantor to Bank in connection with the
         Loan, (c) without the Bank's prior written consent, change Guarantor's
         name, or enter into any merger, consolidation, reorganization or
         exchange of stock, ownership interests or assets, and (e) as
         applicable, qualify and remain qualified as a foreign corporation,
         general partnership, limited partnership, limited liability partnership
         of limited liability company in each jurisdiction in which such
         qualification is required.

4.02.    MAINTAIN PROPERTIES. Not, without the prior written consent of Bank,
         sell transfer or otherwise dispose of all or substantially all of
         Guarantor's properties (tangible and intangible), except in the
         ordinary course of business.

4.03.    COMPLY WITH LAWS. Comply in all respects with all applicable laws,
         rules regulations, and orders including, without limitation, paying
         before the delinquency (unless being contested, but without risking
         forfeiture) of all taxes, assessments, and governmental charges imposed
         or assessed upon Guarantor or upon Guarantor's property, and all
         Environmental Laws.

4.04.    REPORTING REQUIREMENTS. Furnish to the Bank:

         QUARTERLY FINANCIAL STATEMENTS. As soon as available and not more than
         forty five (45) days after the end of each quarter, balance sheets,
         statements of income, cash flow, and retained earnings for the period
         ended and a statement of changes in the financial position, all in
         reasonable detail, and all prepared in accordance with GAAP
         consistently applied and certified as true and correct by an officer,
         general partner or manager (or member(s)) of the Borrower, as
         appropriate.

         ANNUAL FINANCIAL STATEMENTS. If Guarantor is an individual, a personal
         financial statement promptly after the anniversary date of the Loan, on
         form provided by the Bank and in such reasonable detail as the Bank may
         require; or, if Guarantor is a corporation, general partnership,
         limited partnership, limited liability partnership or limited liability
         company, as soon as available and no more than ninety (90) days after
         the end of each fiscal year of Guarantor, balance sheets, statements of
         income, and retained earnings for the period ended and a statement of
         changes in the financial position, on form(s) to be provided by the
         Bank, all in reasonable detail, and all prepared in accordance with
         GAAP consistently applied and such financial statements must be of the
         following quality or better: Audited.

         NOTICE OF LITIGATION: Promptly after the receipt by Guarantor, or by
         Borrower of which Guarantor has knowledge, of notice any action, suit,
         and proceeding before any court or governmental agency of any type
         which, if determined adversely, could have a material adverse effect on
         the financial condition, properties, or operations of the Guarantor or
         Borrower, as appropriate.

4.05.    TRANSFER OF OWNERSHIP. Not, without the prior written consent of the
         Bank: Transfer or sell more than 20% of its ownership interest in
         Borrower.

4.06.    TAX RETURNS. As soon as available each year, furnish complete copies
         (including all schedules) of all British Columbia and Canadian tax
         returns filed by Guarantor.

4.07.    OTHER INFORMATION. Furnish such other information as the Bank may from
         time to time reasonably request.

SECTION 5 FINANCIAL COVENANTS.

The Borrower and Guarantor covenant and agree that form the date hereof until
payment in full of all indebtedness and the performance of all obligations under
the Loan Documents, the Guarantor shall at all times maintain the following
financial covenants and ratios all in accordance with GAAP unless otherwise
specified:

         TANGIBLE NET WORTH. A minimum tangible net worth of not less than
         $8,700,000. Tangible Net Worth is defined as net worth, plus
         obligations contractually subordinated to debts owed to Bank, minus
         goodwill, contract rights, and assets representing claims on
         stockholders or affiliated entities.

         SENIOR DEBT TO TANGIBLE NET WORTH. Maximum of 1.50 times. Senior Debt
         is defined as total liabilities minus all debts contractually
         subordinated to debts owed to Bank.

         FIXED CHARGE COVERAGE. 1.40 times Fixed Charges. Minimum fixed charge
         coverage of 1.40x (defined as Net Income, plus depreciation and
         amortization, plus interest, plus rent/lease payments divided by
         interest, plus current portion long term debt/leases/bond payments,
         plus rent/lease payments plus cash taxes plus dividends/distribution
         payments.)

Section 6 NEGATIVE COVENANTS

The Borrower covenants and agrees that from the date hereof and until payment is
full of all indebtedness and performance of all obligations under the Loan
Documents, the Borrower shall not, without the prior written consent of the
Bank:

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6.01.    LIENS. N/A.

6.02.    DEBT. N/A

6.03.    CAPITAL EXPENDITURES. N/A

6.04.    CHANGE OF LEGAL FORM OF BUSINESS; PURCHASE OF ASSETS. Change Borrower's
         name of the legal form of Borrower's business as shown above, whether
         by merger, consolidation, conversion or otherwise, and Borrower shall
         not purchase all or substantially all of the assets or business of any
         Person.

6.05.    LEASES. N/A

6.06.    DIVIDENDS OR DISTRIBUTIONS; ACQUISITION OF CAPITAL STOCK OR OTHER
         OWNERSHIP INTERESTS. N/A.

6.07.    SALARIES. N/A

6.08.    GUARANTIES. N/A

6.09.    LOANS. Loans to directors, officers, partners, members, shareholders,
         subsidiaries and affiliates shall be limited as follows: None.

6.10.    DISPOSITION OF ASSETS. Sell, lease, or otherwise dispose of any of its
         assets or properties except in the ordinary and usual course of its
         business or for less than fair market value.

6.11.    TRANSFER OF OWNERSHIP. If Borrower is a corporation, (a) issue,
         transfer or sell any new class of stock, or (b) issue, transfer or
         sell, in the aggregate, from its treasury stock and/or currently
         authorized but unissued shares of any class of stock, more than 10% of
         the total number of all such issued and outstanding shares as of the
         date of this Agreement. If Borrower is a general partnership, limited
         partnership, limited liability partnership or limited liability
         company, issue, transfer or sell any interest in borrower.

6.12.    NEGATIVE COVENANTS FROM OTHER LOAN DOCUMENTS. All negative covenants
         contained in any Security Deed, Security Agreement, or other security
         document executed by the Borrower which are described in paragraph 2
         hereof are hereby incorporated by reference herein.

Section 7 HAZARDOUS MATERIALS AND COMPLIANCE WITH ENVIRONMENTAL LAWS.

7.01     INVESTIGATION. Borrower hereby certifies that is has exercised due
         diligence to ascertain whether its real property, including without
         limitation the Mortgaged Property, is or has been affected by the
         presence of asbestos, oil, petroleum or other hydrocarbons, urea
         formaldehyde, PCBs, hazardous or nuclear waste, toxic chemicals and
         substances, or other hazardous materials (collectively, "Hazardous
         Materials"), as defined in applicable Environmental Laws. Borrower
         represents and warrants that except as previously disclosed to Bank in
         writing there are no such Hazardous Materials contaminating its real
         property, nor have any such materials been released on or stored on or
         improperly disposed of on its real property during its ownership,
         occupancy or operation thereof. Borrower hereby agrees that, except in
         strict compliance with applicable Environmental Laws, it shall not
         knowingly permit any release, storage or contamination as long as any
         indebtedness or obligations to Bank under the Loan Documents remains
         unpaid or unfulfilled. Borrower does not warrant against and is not
         prevented from using materials which would constitute Hazardous
         materials in commercially reasonable quantities in the course of its
         normal operations on the Mortgaged Property in accordance with law any
         provision hereof to the contrary notwithstanding. In addition, Borrower
         does not have or use any underground storage tanks on any of its real
         property, including the Mortgaged Property which are not registered
         with the appropriate Federal and/or State agencies and which are not
         properly equipped and maintained in accordance with all Environmental
         Laws. If requested by Bank, Borrower shall provide Bank with all
         necessary and reasonable assistance required for purposes of
         determining the existence of Hazardous Material on the Mortgage
         Property, including allowing the Bank access to the Mortgaged Property,
         and access to Borrower's employees having knowledge of, and to files
         and records within Borrower's control relating to the existence,
         storage, or release of Hazardous Materials on the Mortgaged Property.

7.02     COMPLIANCE. Borrower agrees to comply with all applicable Environmental
         Laws, including, without limitation, all those relating to Hazardous
         Materials. Borrower further agrees to provide Bank, and all appropriate
         Federal and State authorities, with immediate notice in writing of any
         release of Hazardous Materials on the Mortgaged Property and to pursue
         diligently to completion all appropriate and/or required remedial
         action in the event of such release.

7.03     REMEDIAL ACTION. Bank shall have the right, but not the obligation, to
         undertake all or any part of such remedial action in the event of a
         release of Hazardous Materials on the Mortgaged Property and to add any
         expenditures so made to the principal indebtedness secured by the
         Security Deed. Borrower agrees to indemnify and hold Bank harmless from
         any and all loss or liability arising out of any violation of the
         representations, covenants, and obligations contained in the Section 7,
         or resulting from the recording of the Security Deed.

Section 8 EVENTS OF DEFAULT

The following shall be "Events of Default" by Borrower or any Guarantor:

8.01     The failure to make prompt payment of any installment of principal or
         interest on any of the Note(s) when due or payable.

8.02     Should any representation or warranty made in the Loan Documents prove
         to be false or misleading in any material respect.

8.03     Should any report, certificate, financial statement, or other document
         furnished prior to the execution of or pursuant to the terms of this
         Agreement prove to be false or misleading in any material respect.

8.04     Should the Borrower or any Guarantor default on the performance of any
         other obligation or indebtedness to a third party when due or in the
         performance of any obligation incurred in connection with money
         borrowed, exceeding $50,000 in the case of any default and continuing
         beyond any grace period.

8.05     Should the Borrower, any Guarantor or any Pledgor breach any covenant,
         condition, or agreement made under any of the Loan Documents.

8.06     Should a custodian be appointed for or take possession of any or all of
         the assets of the Borrower or any Guarantor, or should the Borrower or
         any Guarantor either voluntarily or involuntarily become subject to any
         insolvency proceeding, including becoming a debtor under the United
         States Bankruptcy Code, any proceeding to dissolve the Borrower or any
         Guarantor, any proceeding to have a receiver appointed, or should the
         Borrower or any Guarantor make an assignment for the benefit of
         creditors, or should there by an attachment, execution, or other
         judicial seizure of all or any portion of the Borrower's or any
         Guarantor's assets, including an action of proceeding to seize any
         funds on deposit with the Bank, and such seizure of involuntary
         proceeding is not discharged or dismissed within 30 days.

8.07     Should final judgment for the payment of money be rendered against the
         Borrower or any Guarantor which is not covered by insurance and shall
         remain undischarged for a period of 30 days unless such judgment or
         execution thereon be effectively stayed.

8.08     Upon the death of, or termination of existence of, or dissolution of,
         any Borrower, Pledgor or Guarantor.

8.09     Should the Bank in good faith for objective reasons deem itself, its
         liens and security interest, if any, or any debt thereunder unsafe or
         insecure, or should the Bank believe in good faith for objective
         reasons that the prospect of payment of any debt or other performance
         by the Borrower or any Guarantor is impaired.

8.10     Should any lien or security interest granted to Bank to secure payment
         of the Note(s) terminate, fail for any reason (other than an act or
         omission of the Bank including without limitation the failure to file
         continuation statements) to have the priority agreed to by Bank on the
         date granted, or become unperfected or invalid for any reason. Borrower
         agrees to execute from time to time any documents requested by Bank to
         perfect or continue its security interests.

                                       4

<PAGE>

Section 9 REMEDIES UPON DEFAULT

Upon the occurrence of any of the above listed Events of Default, the Bank may
at any time thereafter, at its option, take any or all of the following actions,
at the same or at different times:

9.01.    Declare the Balance(s) of the Note(s) to be immediately due and
         payable, both as to principal and interest, without presentment,
         demand, protest, or notice of any kind, all of which are hereby
         expressly waived by Borrower and, each Guarantor, and such balance(s)
         shall accrue interest at the Default Rate as provided herein until paid
         in full;

9.02.    Require the Borrower or Guarantor(s) to pledge additional collateral to
         the Bank from the Borrower's or any Guarantor's assets and properties,
         the acceptability and sufficiency of such collateral to be determined
         in the Bank's reasonable discretion;

9.03.    Take immediate possession of and foreclose upon any or all collateral
         which may be granted to the Bank as security for the indebtedness and
         obligations of Borrower or any Guarantor under the Loan Documents;

9.04.    Exercise any and all other rights and remedies available to the Bank
         under the terms of the Loan Documents and applicable law, including the
         Georgia Uniform Commercial Code;

9.05.    Any obligation of the Bank to advance funds to the Borrower or any
         other Person under the terms of under the Note(s) and all other
         obligations, if any, of the Bank under the Loan Documents shall
         immediately cease and terminate unless and until Bank shall reinstate
         such obligation in writing.

Section 10 MISCELLANEOUS PROVISIONS

10.01.   Definitions.

         "DEFAULT RATE" shall mean a rate of interest equal to Bank's Prime Rate
plus five percent (5%) per annum (not to exceeds the legal maximum rate) from
and after the date of an Event of Default hereunder which shall apply, in the
Bank's sole discretion, to all sums owing, including principal and interest, on
such date.

         "ENVIRONMENTAL LAWS" shall mean all federal and state laws and
regulations which affect or may affect the Mortgaged Property, including without
limitation the Comprehensive Environmental Response, Compensation, and Liability
Act (42 U.S.C.ss.9601 et seq.), the Resource Conservation and Recovery Act (42
U.S.C.ss.6901 et seq.), the Federal Water Pollution Control Act (33
U.S.C.ss.1251 et seq.), the Clean Air Act (42 U.S.C.ss. 7401 et seq.), the Toxic
Substances Control Act (15 U.S.C.ss.2601 et seq.), Shore Protection Act
(O.C.G.A. ss. 12-5-230 et seq.), Coastal Marshlands Protection Act of 1970
(O.C.G.A.ss. q2-5-280 et seq.), Georgia Costal management Act (O.C.G.A.ss.12-7
et seq.), Georgia Response Act (ss.12-8-0- et seq.), Georgia Hazardous Site
Rescue and Redevelopment Act (O.C.G.A.ss.12-8-200 et seq.), Georgia Asbestos
Safety Act (O.C.G.A.ss. 12-12-1 et seq.), Georgia Underground Storage Tank Act
(O.C.G.A.ss.12-13-1 et seq.), Public Employee Hazardous Chemical Protection and
Right to Know Act of 1988 (O.C.G.A.ss. 45-22-1 et. Seq.), Transportation of
Hazardous Materials Act (O.C.G.A.ss.45-11-1 et seq.), as such laws or
regulations have been amended or may be amended.

         "LOAN DOCUMENTS" shall mean this Agreement including any schedule
attached hereto, the Note(s), the Security Deed(s), the Security Agreement(s),
all UCC Financing Statements, the Guaranty Agreement(s),and all other documents,
certificates, and instruments executed in connection therewith, and all
renewals, extensions, modifications, substitutions and replacements thereto and
therefore. Any provision hereof to the contrary notwithstanding, the security
interest and security titles to be granted pursuant to the Loan Documents are
limited to those to the contrary notwithstanding, the security interest and
security titles to be granted pursuant to the Loan Documents are limited to
those affecting the Mortgaged Property and Borrower's furniture, fixtures and
equipment, now owned or hereafter acquired, and located at 2200 Sunset Blvd.,
Jesup, Georgia, and affecting any other property in which security interests or
security titles are granted by the Security Deed.

         "PERSON" shall mean an individual, partnership, corporation, trust,
unincorporated organization, limited liability company, limited liability
partnership, association, joint venture, or a government agency or political
subdivision thereof.

         "GAAP" shall mean generally accepted accounting principles as
established by the Financial Accounting Standards Board of the American
Institute of Certified Public Accountants, as amended and supplemented from time
to time or in the case of Guarantor, as defined in the Handbook of the Canadian
Institute of Chartered Accountants.

         "PRIME RATE" shall mean the rate of interest per annum announced by the
Bank from time to time and adopted as its Prime Rate, which is one of several
rate indexes employed by the Bank when extending credit, and may not necessarily
be the Bank's lowest lending rate.

10.02.   NON-IMPAIRMENT. If any one or more provisions contained in the Loan
         Documents shall be held invalid, illegal, or unenforceable in any
         respect, the validity, legality, and enforceability of the remaining
         provisions contained therein shall not in any way be affected or
         impaired thereby and shall otherwise remain in full force and effect.

10.03.   APPLICABLE LAW. The Loan Document shall be construed in accordance with
         and governed by the laws of the State of Georgia.

10.04.   WAIVER. Neither the failure or any delay on the part of the Bank in
         exercising any right, power or privilege granted in the Loan Documents
         shall operate as a waiver thereof, nor shall any single or partial
         exercise thereof preclude any other or further exercise of any other
         right, power or privilege which may be provided by law.

10.05.   MODIFICATION. No modification, amendment, or waiver of any provision of
         any of the Loan Documents shall be effective unless in writing and
         signed by the Borrower and Bank.

10.06.   PAYMENT AMOUNT ADJUSTMENT. In the event that any Loan(s) referenced
         herein has a variable (floating) interest rate and the interest rate
         increases, Bank at its sole discretion, may at any time adjust the
         Borrower's payment amount(s) to prevent the amount of interest accrued
         in a given period to exceed the periodic payment amount or to cause the
         Loan(s) to be repaid within the same period of time as originally
         agreed upon.

10.07.   STAMPS AND FEES. The borrower shall pay all federal or state stamps,
         taxes, or other fees or charges, if any are payable or are determined
         to be payable by reason of the execution, delivery, or issuance of the
         Loan Documents or any security granted to the Bank; and the Borrower
         and Guarantor agree to indemnify and hold harmless the Bank against any
         and all liability in respect thereof.

10.08.   ATTORNEYS' FEES. In the event the Borrower or any Pledgor or Guarantor
         shall default in any of its obligations hereunder and the Bank believes
         it necessary to employ an attorney to assist in the enforcement of
         collection of the indebtedness of the Borrower to the Bank, to enforce
         the terms and provision of the Loan Documents, to modify the Loan
         Documents, or in the event the Bank voluntarily or otherwise should
         become a party to any suit or legal proceeding (including a proceeding
         conducted under the Bankruptcy Code involving any Loans with Bank), the
         Borrower and Guarantors agree to pay the reasonable and actual
         attorneys' fees of the Bank and all related costs of collection or
         enforcement that my be incurred by the Bank. The Borrower and Guarantor
         shall be liable for such attorneys' fees and costs whether or not any
         suit or proceeding is actually commenced.

10.09.   BANK MAKING REQUIRED PAYMENTS. In the event Borrower shall fail to
         maintain insurance, pay taxes or assessments, costs and expenses which
         borrower is, under any of the terms hereof or of any Loan Documents,
         required to pay, or fail to keep any of the Properties and assets
         constituting collateral free from new security interests, liens, or
         encumbrances, except as permitted herein, Bank may at its election make
         expenditures for any or all such purposes and the amounts expended
         together with interest thereon at the Default Rate, shall become
         immediately due and payable to Bank, and shall have benefit of and be
         secured by the collateral; provided, however, the Bank shall be under
         no duty or obligation to make any such payments or expenditures.

10.10.   RIGHT OF OFFSET. Any indebtedness owing from Bank to Borrower may be
         set off and applied by Bank on any indebtedness or liability of
         Borrower to Bank, at any time and from time to time after maturity,
         whether by acceleration or otherwise, and without

                                       5

<PAGE>

         demand or notice to Borrower. Bank may sell participations in or make
         assignments of any Loan made under this Agreement and Borrower agrees
         that any such participant or assignee shall have the same right of
         setoff as is granted to the Bank herein.

10.11.   UCC AUTHORIZATION. Borrower authorizes Bank to file such UCC Financing
         Statements describing the collateral in any location deemed necessary
         and appropriate by Bank.

10.12.   MODIFICATION AND RENEWAL FEES. Bank may at its option, charge any fees
         for modification, additional advance, renewal, extension, or amendment
         of any terms of the Note(s) as permitted by law.

10.13.   CONFLICTING PROVISIONS. If provisions of this Agreement shall conflict
         with any terms or provisions of any of the Note(s) or Security
         Agreement(s), the provisions of such Note(s) or Security Agreement(s),
         as appropriate, shall take priority over any provision in this
         Agreement.

10.14.   NOTICES. All notices, requests, demands, waivers, and other
         communications given as provided in this Agreement will be in writing,
         and unless otherwise specifically provided in this Agreement, will be
         deemed to have been given: (i) if delivered in person, upon delivery,
         or (ii) if mailed by certified or registered mail, postage prepaid,
         return receipt requested, and addressed to either Borrower or Bank at
         the addresses provided below on the third business day after deposit in
         the United States Mail if addressed to an address located in the same
         State in which the Notice is being mailed or on the seventh business
         day after deposit in the United States Mail if addressed to an address
         located within a State other than the State in which the notice is
         being mailed, or (iii) if sent by overnight express delivery services,
         enclosed in a prepaid envelope and addressed to Bank or Borrower at the
         address provided below, on the first business day after deposit with
         the service, or (iv) if sent by tested telex, telegram, telecopy,
         facsimile, or other form of rapid transmission confirmed by mailing (as
         provided in this section), at substantially the same time as the rapid
         transmission. Either Borrower or Bank may change its respective address
         as provided in this section by giving written notice of the change as
         provided in this section. The addresses for notice are:

         NOTICE TO BORROWER:        Absorption Corp.
                                    1051 Hilton Avenue
                                    Bellingham, WA 98225

         NOTICE TO BANK:            Branch Banking and Trust Company
                                    201 Second Street
                                    Macon, GA 31201
                                    Attn:  Daniel L. Smith

10.15.   CONSENT TO JURISDICTION. Borrower hereby irrevocably agrees that any
         legal action or proceeding arising out of or relating to this Agreement
         may in instituted in the Superior Court of any Country in the State of
         Georgia in which Bank maintains an office, or in any United States
         District Court in Georgia, or in such other appropriate court and venue
         as Bank may choose in its sole discretion. Borrower consents to the
         jurisdiction of such courts and waives any objection relating to the
         basis for personal or in rem jurisdiction or to venue which Borrower
         may now or hereafter have in any such legal action or proceedings.

10.16.   COUNTERPARTS. This Agreement may be executed by one or more parties on
         any number of separate counterparts and all of such counterparts taken
         together shall be deemed to constitute one and the same instrument.

10.17.   ENTIRE AGREEMENT. The Loan Documents embody the entire agreement
         between Borrower and Bank with respect to the Loans, and there are no
         oral or parol agreements existing between Bank and Borrower with
         respect to the Loans which are not expressly set forth in the Loan
         Documents.

10.18.   ASSIGNMENT BY BORROWER. Borrower may not assign this Agreement or any
         of its rights or obligations hereunder without the prior written
         consent of Bank, which consent may be withheld by the Bank in its sole
         and absolute discretion.

10.19.   SUCCESSOR AND ASSIGNED INCLUDED PARTIES. Whenever in this Agreement a
         party hereto is named or referred to, the heirs, legal representatives,
         successors and assigns of such parties shall be included, and all
         covenants and agreements contained in this Agreement by or on behalf of
         Borrower or by or on behalf of Bank shall bind and adhere to the
         benefit of their respective heirs, legal representatives, successors
         and assigns whether so expressed or not.

10.20.   NO PARTNERSHIP OR JOINT VENTURE. Borrower and Bank acknowledge and
         agree that nothing contained in this Agreement or in the other Loan
         Documents, and that nothing contained in any other instrument or
         document between Borrower and Bank relating to the Loan or Mortgaged
         Property, shall be construed to establish Borrower and Bank as joint
         venture s or partners.

10.21.   NO AGENCY. Bank is not the agent or representative of Borrower, and
         Borrower is not the agent or representative of Bank, and nothing in
         this agreement shall be construed to make Bank liable to anyone for
         goods delivered to or labor or services performed upon the Mortgaged
         Property or for debts or claims accruing against Borrower or Bank.
         Nothing herein shall be construed to create a relationship of any kind
         between Bank and anyone supplying labor or materials or services for or
         to the Mortgaged Property.

10.22.   ADDENDA AND EXHIBITS. Any addenda, schedules, riders or exhibits to
         this agreement shall be deemed incorporated herein by reference
         thereto. See addendum A.

IN WITNESS WHEREOF, the Bank, Borrower and Guarantor(s) have caused this
Agreement to be duly executed under seal all as of the date first above written.

                                   Borrower:

                                            Absorption Corp.
     (Corporate Seal)
                                   By:      /s/ David Thompson
                                            ------------------------------------

                                   Title:   Chief Financial Officer
                                            ------------------------------------

                                   Guarantor:

                                            International Absorbents, Inc.
     (Corporate Seal)
                                   By:      /s/ David Thompson
                                            ------------------------------------

                                   Title:   Chief Financial Officer
                                            ------------------------------------

                                   BRANCH BANKING AND TRUST COMPANY
     (Corporate Seal)
                                   By:      /s/ Daniel L. Smith
                                            ------------------------------------

                                   Title    Senior Vice President
                                            ------------------------------------

                                       6<PAGE>
                                                                    Exhibit 4(l)

                           AMENDMENT AND WAIVER NO. 4

      AMENDMENT AND WAIVER NO. 4, dated as of September 19, 2003 (this "Fourth
Amendment"), in respect of the Credit Agreement, dated as of December 4, 1998,
as amended and restated by the Amendment and Restatement to the Credit
Agreement, dated as of December 5, 2000 and, as further amended by Amendment No.
3 to the Credit Agreement, dated as of December 12, 2001 (as amended,
supplemented or otherwise modified from time to time, the "Credit Agreement")
among THE SCOTTS COMPANY, an Ohio corporation (the "Borrower"), certain
subsidiaries of the Borrower who are also borrowers from time to time under the
Credit Agreement (the "Subsidiary Borrowers"), the several banks and other
financial institutions from time to time parties to the Credit Agreement (the
"Lenders"), JPMORGAN CHASE BANK (formerly The Chase Manhattan Bank), as agent
for the Lenders (in such capacity, the "Administrative Agent"), SALOMON SMITH
BARNEY, INC., as syndication agent (the "Syndication Agent"), CREDIT LYONNAIS
NEW YORK BRANCH and BANK ONE, NA (Main Office Chicago), as successor by merger
to BANK ONE, MICHIGAN, as co-documentation agents (the "Co-Documentation
Agents"), and J.P. MORGAN SECURITIES INC., as successor to CHASE SECURITIES
INC., as lead arranger (the "Lead Arranger") and as the book manager (the "Book
Manager").

                              W I T N E S S E T H :

            WHEREAS, the Borrower wishes to issue new ten-year senior
subordinated notes in an aggregate principal amount equal to $200,000,000 (the
"New Senior Subordinated Notes");

            WHEREAS, the Borrower wishes to amend the Credit Agreement as
described herein and requests the waiver under the Credit Agreement described
herein; and

            WHEREAS, the Lenders and the Administrative Agent are willing to
amend and waive the Credit Agreement as provided for herein, but only on the
terms and conditions contained herein;

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

      1. Defined Terms. Unless otherwise defined herein, capitalized terms used
herein shall have the respective meanings assigned to them in this Fourth
Amendment and the Credit Agreement.

      2. Waiver of Section 2.12(g). The Lenders hereby agree to waive the
provisions of Section 2.12(g) of the Credit Agreement requiring that the
Prepayment Date be 10 Business Days after the date of a Prepayment Option
Notice; provided that any such Prepayment Date shall be not less than three
Business Days after the date of a Prepayment Option Notice.
<PAGE>
      3. Amendment to Section 7.6(e) (Limitations on Indebtedness). Section
7.6(e) is hereby amended by deleting the amount "$225,000,000" from subparagraph
(ii) thereto and inserting, in lieu thereof, the amount "$270,000,000".

      4. Prepayments. The Borrower hereby agrees to make prepayments in
accordance with the provisions of Sections 2.11 of the Credit Agreement of all
Net Cash Proceeds received by it in connection with the issuance of the New
Senior Subordinated Notes.

      5. Representations and Warranties. On and as of the date hereof, and after
giving effect to this Fourth Amendment, each of the Borrower and each Subsidiary
Borrower hereby confirms, reaffirms and restates the representations and
warranties set forth in Section 4 of the Credit Agreement mutatis mutandis, and
to the extent that such representations and warranties expressly relate to a
specific earlier date in which case each of the Borrower and each applicable
Subsidiary Borrower hereby confirms, reaffirms and restates such representations
and warranties as of such earlier date.

      6. Conditions to Effectiveness. This Fourth Amendment shall become
effective as of the date the Administrative Agent has received counterparts of
this Fourth Amendment, duly executed and delivered by the Borrower, each
Subsidiary Borrower, the Administrative Agent and the Required Lenders.

      7. Continuing Effect; No Other Amendments. Except as expressly amended or
waived hereby, all of the terms and provisions of the Credit Agreement are and
shall remain in full force and effect. The amendments provided for herein are
limited to the specific subsections of the Credit Agreement specified herein and
shall not constitute an amendment of, or an indication of any Lender's
willingness to amend or waive, any other provisions of the Credit Agreement or
the same subsections for any other date or time period (whether or not other
provisions or compliance with such subsections for another date or time period
are affected by the circumstances addressed in this Fourth Amendment).

      8. Expenses. The Borrower agrees to pay and reimburse the Administrative
Agent for all its reasonable costs and expenses incurred in connection with the
preparation and delivery of this Fourth Amendment, including, without limitation
the reasonable fees and disbursements of counsel to the Administrative Agent.

      9. GOVERNING LAW. THIS FOURTH AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

      10. Counterparts. This Fourth Amendment may be executed by the parties
hereto in any number of separate counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.
<PAGE>
      IN WITNESS WHEREOF, the parties hereto have caused this Fourth Amendment
to be duly executed and delivered by their proper and duly authorized officers
as of the day and year first above written.

                                         THE SCOTTS COMPANY

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Vice President and Treasurer

                                         ASEF B.V

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Vice President and Treasurer

                                         HYPONEX CORPORATION

                                         By: /s/  Rebecca J. Bruening
                                             -------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Vice President and Treasurer

                                         MIRACLE GARDEN CARE LIMITED

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Power of Attorney

                                         OM SCOTT INTERNATIONAL
                                            INVESTMENTS LTD.

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Power of Attorney
<PAGE>
                                         SCOTTS AUSTRALIA PTY. LTD

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Power of Attorney

                                         SCOTTS BENELUX B.V.B.A.

                                         By: /s/ Rebecca J. Bruening
                                             -----------------------
                                           Name:  Rebecca J. Bruening
                                           Title:

                                         SCOTTS CANADA LTD.

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                            Name:  Rebecca J. Bruening
                                            Title: Power of Attorney

                                         SCOTTS CELAFLOR GMBH & CO. KG

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title:

                                         SCOTTS FRANCE HOLDINGS SARL

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                            Name:  Rebecca J. Bruening
                                            Title:

                                         SCOTTS FRANCE SARL

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title:
<PAGE>
                                         SCOTTS FRANCE SAS

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title:

                                         SCOTTS HOLDING GMBH

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title:

                                         SCOTTS HOLDINGS LIMITED

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Power of Attorney

                                         SCOTTS INTERNATIONAL B.V.

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title:

                                         SCOTTS MANUFACTURING COMPANY

                                         By: /s/ Rebecca J. Bruening
                                             -------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Vice President and Treasurer

                                         SCOTTS-SIERRA HORTICULTURAL
                                            PRODUCTS COMPANY

                                         By:/s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Vice President and Treasurer
<PAGE>
                                         SCOTTS-SIERRA INVESTMENTS, INC.

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Vice President and Treasurer

                                         SCOTTS TEMECULA OPERATIONS, LLC

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Vice President and Treasurer

                                         SCOTTS TREASURY EEIG

                                         By:/s/ Rebecca J. Bruening
                                            ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Power of Attorney

                                         THE SCOTTS COMPANY ITALIA, S.R.L.

                                         By: /s/ Rebecca J. Bruening
                                             ------------------------
                                           Name:  Rebecca J. Bruening
                                           Title:

                                         THE SCOTTS COMPANY (UK) LTD.

                                         By: /s/ Rebecca J. Bruening
                                             -------------------------
                                           Name:  Rebecca J. Bruening
                                           Title: Power of Attorney
<PAGE>
                                         JPMORGAN CHASE BANK (formerly The Chase
                                         Manhattan Bank), as Administrative
                                         Agent and as a Lender

                                         By: /s/ Randolph Cates
                                             ------------------------
                                            Name:  Randolph Cates
                                            Title: Vice President

                                         SALOMON SMITH BARNEY INC., as
                                         Syndication Agent and as a Lender

                                         By: /s/ Eivind Hegelstad
                                             ------------------------
                                         Name:  Eivind Hegelstad
                                         Title: Vice President

                                         CREDIT LYONNAIS NEW YORK BRANCH, as
                                         Co-Documentation Agent and as a Lender

                                         By: /s/ Lee E. Greve
                                             ------------------------
                                            Name:  Lee E. Greve
                                            Title: First Vice President

                                         BANK ONE, MICHIGAN, as successor to
                                         NBD BANK, as Co-Documentation Agent and
                                         as a Lender

                                         By: /s/ Joseph Pinzone
                                             ------------------------
                                            Name:  Joseph Pinzone
                                            Title: Director
<PAGE>
                                         Signature Page to the Fourth Amendment,
                                           dated as of September 19, 2003, under
                                            The Scotts Company Credit Agreement.

                                         APEX (IDM) CDO I, LTD.
                                         ELC (CAYMAN) LTD. CDO SERIES 1999-1
                                         ELC (CAYMAN) LTD. 1999-III
                                         ELC (CAYMAN) LTD. 2000-I
                                         TRYON CLO LTD. 2000-I
                                         SUFFIELD CLO, LIMITED
                                         By: David L. Babson & Company Inc.
                                         as Collateral Manager

                                         By: /s/ Glenn Duffy
                                             ------------------------
                                            Name:  Glenn Duffy
                                            Title: Managing Director

                                         AMERICAN EXPRESS CERTIFICATE COMPANY
                                         By: American Express Asset Management
                                             Group, Inc.
                                             as Collateral Manager

                                         By: /s/ Leanne Stavrakis
                                             ------------------------
                                            Name:  Leanne Stavrakis
                                            Title: Director - Operations

                                         ALLSTATE LIFE INSURANCE COMPANY

                                         By: /s/ Judith P. Greffin
                                             ------------------------
                                            Name:  Judith P. Greffin
                                            Title: Authorized Signatories

                                         By: /s/ Chris Goergen
                                             ------------------------
                                            Name:  Chris Goergen
                                            Title: Authorized Signatories

                                         AMMC CDO I, LIMITED

                                         By:   American Money Management Corp.
                                               as Collateral Manager

                                         By: /s/ David P. Meyer
                                             ------------------------
                                            Name:  David P. Meyer
                                            Title: Vice President

                                         AIMCO CDO SERIES 2000-A

                                         By: /s/ Judith P. Greffin
                                             ------------------------
                                            Name:  Judith P. Greffin
                                            Title: Authorized Signatories

                                         By: /s/ Chris Goergen
                                             ------------------------
                                            Name:  Chris Goergen
                                            Title: Authorized Signatories
<PAGE>

                                         AVALON CAPITAL LTD.
                                         By: INVESCO Senior Secured Management,
                                             Inc.
                                             As Portfolio Advisor

                                         By: /s/ Thomas H.E. Ewald
                                             ------------------------
                                            Name:  Thomas H.E. Ewald
                                            Title: Authorized Signatory

                                         AVALON CAPITAL LTD.
                                         By:  INVESCO Senior Secured Management,
                                              Inc.
                                              As Portfolio Advisor

                                         By: /s/ Thomas H.E. Ewald
                                             ------------------------
                                            Name:  Thomas H.E. Ewald
                                            Title: Authorized Signatory

                                         BANK OF AMERICA, N.A.

                                         By: /s/ Sharon Burks Horos
                                             ------------------------
                                            Name:  Sharon Burks Horos
                                            Title: Vice President

                                         BANK OF TOKYO-MITSUBISHI TRUST COMPANY

                                         By: /s/ Andrew Bernstein
                                             ------------------------
                                            Name:  Andrew Bernstein
                                            Title: Asst. Vice President

                                         BNP PARIBAS

                                         By: /s/ Kristin R. Carlton
                                             ------------------------
                                            Name:  Kristin R. Carlton
                                            Title: Vice President

                                         By: /s/ Peter C. Labrie
                                             --------------------
                                            Name:  Peter C. Labrie
                                            Title: Central Region Manager
<PAGE>

                                         BRYN MAWR CLO, LTD.
                                         By: Deerfield Capital Management LLC
                                         as its Collateral Manager

                                         By: /s/ Dale Burrow
                                             ------------------------
                                            Name:  Dale Burrow
                                            Title: Senior Vice President

                                         CENTURION CDO II, LTD.
                                         By: American Express Asset Management
                                         Group Inc.
                                         as Collateral Manger

                                         By: /s/ Leanne Stavrakis
                                             ------------------------
                                            Name:  Leanne Stavrakis
                                            Title: Director  - Operations

                                         CHARTER VIEW PORTFOLIO

                                         By: INVESCO Senior Secured Management,
                                             Inc.
                                             as Investment Advisor

                                         By: /s/ Thomas H.E. Ewald
                                             ------------------------
                                            Name:  Thomas H.E. Ewald
                                            Title: Authorized Signatory

                                         CLOSE INTERNATIONAL CUSTODY SERVICES
                                         LIMITED RE
                                         Cypresstree International Loan Holdings
                                         Company Limited
                                         By: CypressTree Strategic Debt
                                         Management Co., Inc.
                                         as Investment Advisor

                                         By: /s/ Michelle L. Patterson
                                             -------------------------
                                            Name:  Michelle L. Patterson
                                            Title: Investment Analyst

                                         COOPERATIVE CENTRALE RAIFFEISEN-
                                         BOERENLEEBANK B.A., "RABOBANK
                                         NEDERLAND " NEW YORK BRANCH

                                         By: /s/ Michael L. Laurie
                                             -------------------------
                                            Name:  Michael L. Laurie
                                            Title: Executive Director

                                         By: /s/ Ian Reece
                                             -------------------------
                                            Name:  Ian Reece
                                            Title: Managing Director
<PAGE>

                                         COMERCIA BANK

                                         By: /s/ Ryan Oliver
                                             -------------------------
                                            Name:  Ryan Oliver
                                            Title: Account Officer

                                         ERSTE BANK NEW YORK

                                         By:  /s/ Paul Judicke
                                              -------------------------
                                            Name:  Paul Judicke
                                            Title: Vice President

                                         By: /s/ Bryan J. Lynch
                                             -------------------------
                                            Name:  Bryan J. Lynch
                                            Title: First Vice President

                                         FLEET NATIONAL BANK

                                         By: /s/ Hardy H. Thayce Jr.
                                             ----------------------
                                            Name:  Hardy H. Thayce Jr.
                                            Title: Managing Director

                                         FIDELITY ADVISOR SERIES II: FIDELITY
                                         ADVISOR
                                         FLOATING RATE HIGH INCOME FUND

                                         By: /s/ John H. Costello
                                             -------------------------
                                            Name:  John H. Costello
                                            Title: Assistant Treasurer

                                         FIFTH THIRD BANK, CENTRAL OHIO

                                         By: /s/ John Beardslee
                                             -------------------------
                                            Name:  John Beardslee
                                            Title: Vice President
<PAGE>

                                     FOREST CREEK CLO, LTD.
                                     By: Deerfield Capital Management LLC
                                     as its Collateral Manager

                                     By: /s/ Dale Burrow
                                         -------------------------
                                        Name:  Dale Burrow
                                        Title: Senior Vice President

                                     FORTIS PROJECT FINANCE LIMITED

                                     By: /s/ Michael Wright
                                         -------------------------
                                        Name:  Michael Wright
                                        Title: Director

                                     By: /s/ Peter Hanratty
                                         -------------------------
                                        Name:  Peter Hanratty
                                        Title: Authorized Signatory

                                     GENERAL ELECTRIC CAPITAL
                                     CORPORATION

                                     By: /s/ Robert M. Kadlick
                                         -------------------------
                                        Name:  Robert M. Kadlick
                                        Title: Duly Authorized Signatory

                                     GULF STREAM-COMPASS CLO 2002-1, LTD.
                                     By: Gulf Steam Asset Management LLC
                                     As Collateral Manager

                                     By: /s/ Barry K. Love
                                         ---------------------------------------
                                         Name:  Barry K. Love
                                         Title: Chief Credit Officer

                                     HARBOUR TOWN FUNDING TRUST

                                     By: /s/ Diana M. Himes
                                         ---------------------------------------
                                         Name:  Diana M. Himes
                                         Title: Authorized Agent
<PAGE>

                                     HARRIS TRUST AND SAVINGS BANK, as a lender

                                     By: /s/ Kimberly A. Yates
                                         ---------------------------------------
                                         Name:  Kimberly A. Yates
                                         Title: Vice President

                                     HEWETT'S ISLAND CDO, LTD
                                     By: CypressTree Investment Management
                                     Company, Inc., as Portfolio Manager

                                     By: /s/ Michelle L. Patterson
                                         ---------------------------------------
                                         Name:  Michelle L. Patterson
                                         Title: Investment Analyst

                                     IDS LIFE INSURANCE COMPANY
                                     By: American Express Asset Management
                                     Group, Inc.
                                     as Collateral Manager

                                     By: /s/ Leanne Stavrakis
                                         ---------------------------------------
                                         Name:  Leanne Stavrakis
                                         Title: Director - Operations

                                     IKB CAPITAL CORPORATION

                                     By: /s/ Wolfgang W. Boeker
                                         ---------------------------------------
                                         Name:  Wolfgang W. Boeker
                                         Title: Senior Vice President

                                     INVESCO EUROPEAN CDO I S.A.
                                     By: INVESCO Senior Secured Management, Inc.
                                     as Collateral Manager

                                     By: /s/ Thomas H.E. Ewald
                                         ---------------------------------------
                                         Name:  Thomas H.E. Ewald
                                         Title: Authorized Signatory

<PAGE>

                                     KEYBANK NATIONAL ASSOCIATION

                                     By: /s/ David J. Wechter
                                         ---------------------------------------
                                         Name:  David J. Wechter
                                         Title: Vice President

                                     LASALLE BANK, NATIONAL ASSOCIATION

                                     By: /s/ Warren F. Weber
                                         ---------------------------------------
                                         Name:  Warren F. Weber
                                         Title: First Vice President

                                     LIBERTY FLOATING RATE ADVANTAGE FUND
                                     By: Columbia Management Advisors, Inc.
                                     (f/k/a Stein Roe & Farnham Incorporated),
                                     as Advisor

                                     By: /s/ James R. Fellows
                                         ---------------------------------------
                                         Name:  James R. Fellows
                                         Title: Senior Vice President &
                                                Portfolio Manager

                                     LOAN FUNDING I LLC
                                     a wholly owned subsidiary of
                                     Citibank, N.A.
                                     By:  TCW Advisors, Inc.
                                     as portfolio manager of
                                     Loan Funding I L.L.C.

                                     By: /s/ G. Steven Kalin
                                         ---------------------------------------
                                         Name:  G. Steven Kalin
                                         Title: Senior Vice President

                                     By: /s/ Richard F. Kurth
                                         ---------------------------------------
                                         Name:  Richard F. Kurth
                                         Title: Senior Vice President

                                     LRP LANDESBANK RHEINLAND-PFALZ
                                     -GIROZENTRALE-

                                     By: /s/ Stefan Gilsdorf
                                         ---------------------------------------
                                         Name:  Stefan Gilsdorf
                                         Title: Senior Vice President

                                     By: /s/ Hans-Henning Brautigam
                                         ---------------------------------------
                                         Name:  Hans-Henning Brautigam
                                         Title: Vice President
<PAGE>

                                     MAPLEWOOD (CAYMAN) LIMITED
                                     By:  David L. Babson & Company Inc. under
                                     Delegated authority from Massachusetts
                                     Mutual Life Insurance Company as Investment
                                     Manager

                                     By: /s/ Glenn Duffy
                                         ---------------------------------------
                                         Name:  Glenn Duffy
                                         Title: Managing Director

                                     MADISON AVENUE CDO I, LIMITED
                                     By: Metropolitan Life Insurance Company
                                     as Collateral Manager

                                     By: /s/ David W. Farrell
                                         ---------------------------------------
                                         Name:  David W. Farrell
                                         Title: Director

                                     MASSACHUSETTS MUTUAL LIFE
                                     INSURANCE COMPANY
                                     By:  David L. Babson & Company Inc. as
                                     Investment Adviser

                                     By: /s/ Glenn Duffy
                                         ---------------------------------------
                                         Name:  Glenn Duffy
                                         Title: Managing Director

                                     METROPOLITAN LIFE INSURANCE COMPANY

                                     By: /s/ James R. Dingler
                                         ---------------------------------------
                                         Name:  James R. Dingler
                                         Title: Director

                                     MUIRFIELD TRADING LLC

                                     By: /s/ Diana M. Himes
                                         ---------------------------------------
                                         Name:  Diana M. Himes
                                         Title: Assistant Vice President
<PAGE>

                                     NATIONAL CITY BANK

                                     By: /s/ Thomas E. Redmond
                                         ---------------------------------------
                                         Name:  Thomas E. Redmond
                                         Title: Senior Vice President

                                     OASIS COLLATERALIZED HIGH INCOME
                                     PORTFOLIOS-1, LTD.
                                     By: INVESCO Senior Secured Management,
                                     Inc., as Sub-Advisor

                                     By:  /s/ Thomas H.B. Ewald
                                         ---------------------------------------
                                         Name:  Thomas H.B. Ewald
                                         Title: Authorized Signatory

                                     OLYMPIC FUNDING TRUST, SERIES 1999-1

                                     By: /s/ Diana M. Himes
                                         ---------------------------------------
                                         Name:  Diana M. Himes
                                         Title: Authorized Agent

                                     PPM SHADOW CREEK FUNDING LLC

                                     By:  /s/ Diana M. Himes
                                         ---------------------------------------
                                         Name:  Diana M. Himes
                                         Title: Assistant Vice President

                                     PPM  SPYGLASS FUNDING TRUST

                                     By:  /s/ Diana M. Himes
                                         ---------------------------------------
                                         Name:  Diana M. Himes
                                         Title: Assistant Vice President
<PAGE>

                                     ROSEMONT CLO, LTD,
                                     By:  Deerfield Capital Management LLC as
                                     its Collateral Manager

                                     By: /s/ Dale Burrow
                                         ---------------------------------------
                                         Name:  Dale Burrow
                                         Title: Senior Vice President

                                     SANKATY ADVISORS, LLC as Collateral
                                     Manager for Castle Hill I - INGOTS, Ltd.,
                                     as Term Lender

                                     By: /s/ Diane J. Exter
                                         ---------------------------------------
                                         Name:  Diane J. Exter
                                         Title: Managing Director
                                                Portfolio Manager

                                     SANKATY ADVISORS, LLC as Collateral
                                     Manager for Castle Hill II - INGOTS, Ltd.,
                                     as Term Lender

                                     By: /s/ Diane J. Exter
                                         ---------------------------------------
                                         Name:  Diane J. Exter
                                         Title: Managing Director
                                                Portfolio Manager

                                     SANKATY ADVISORS, LLC as Collateral
                                     Manager for Great Point CLO, 1999-1, Ltd.,
                                     as Term Lender

                                     By: /s/ Diane J. Exter
                                         ---------------------------------------
                                         Name:  Diane J. Exter
                                         Title: Managing Director
                                                Portfolio Manager

                                     SANKATY ADVISORS, LLC as Collateral
                                     Manager for Race Point CLO, Limited.,
                                     as Term Lender

                                     By: /s/ Diane J. Exter
                                         ---------------------------------------
                                         Name:  Diane J. Exter
                                         Title: Managing Director
                                                Portfolio Manager
<PAGE>

                                     SARATOGA CLO I, LIMITED
                                     By: INVESCO Senior Secured Management, Inc.
                                     as  Asset Manager

                                     By: /s/ Thomas H.B. Ewald
                                         ---------------------------------------
                                         Name:  Thomas H.B. Ewald
                                         Title: Authorized Signatory

                                     SEABOARD CLO 2000 LTD.
                                     By:  ORIX Capital Markets, LLC
                                     Its Collateral Manager

                                     By: /s/ Christopher L. Smith
                                         ---------------------------------------
                                         Name:  Christopher L. Smith
                                         Title: Managing Director

                                     SEGUILS - CENTURION V, LTD.
                                     by: American Express Asset Management Group
                                     Inc.
                                     as Collateral Manager

                                     By: /s/ Leanne Stavrakis
                                         ---------------------------------------
                                         Name:  Leanne Stavrakis
                                         Title: Director - Operations

                                     SEQUILS - cumberland I, ltd.
                                     By: Deerfield Capital Management LLC as its
                                     Collateral Manager

                                     By: /s/ Dale Burrow
                                         ---------------------------------------
                                         Name:  Dale Burrow
                                         Title: Senior Vice President

                                     SEQUILS  - LIBERTY, LTD.
                                     By: INVESCO Senior Secured Management, Inc.
                                     as Collateral Manager

                                     By: /s/ Thomas H.B. Ewald
                                         ---------------------------------------
                                         Name:  Thomas H.B. Ewald
                                         Title: Authorized Signatory
<PAGE>

                                     SIERRA CLO I

                                     By: /s/ John M. Casparian
                                         ---------------------------------------
                                         Name:  John M. Casparian
                                         Title: Chief Operating Officer

                                     SUNTRUST BANK

                                     By: /s/ Brian Davis
                                         ---------------------------------------
                                         Name:  Brian Davis
                                         Title: Director

                                     THE BANK OF NEW YORK

                                     By: /s/ Kenneth R. McDonnell
                                         ---------------------------------------
                                         Name:  Kenneth R. McDonnell
                                         Title: Vice President

                                     THE BANK OF NOVA SCOTIA

                                     By: /s/ A.S. Norsworthy
                                         ---------------------------------------
                                         Name:  A.S. Norsworthy
                                         Title: Sr. Manager

                                     THE HUNTINGTON NATIONAL BANK

                                     By: /s/ Mark A. Koscielski
                                         ---------------------------------------
                                         Name:  Mark A. Koscielski
                                         Title: Vice President
<PAGE>

                                     THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

                                     By: /s/ Robin S. Snyder
                                         ---------------------------------------
                                         Name:  Robin S. Snyder
                                         Title: Vice President

                                     U.S. BANK NATIONAL ASSOCIATION

                                     By: /s/ Robert H. Friend
                                         ---------------------------------------
                                         Name:  Robert H. Friend
                                         Title: Vice President

                                     VAN KAMPEN CLOII, LIMITED
                                     By: Van Kampen Investment Advisory Corp
                                     as Collateral Manager

                                     By: /s/ Christina Jamieson
                                         ---------------------------------------
                                         Name:  Christina Jamieson
                                         Title: Vice President

                                     VAN KAMPEN
                                     SENIOR INCOME TRUST
                                     By: Van Kampen Investment Advisory Corp.

                                     By: /s/ Christina Jamieson
                                         ---------------------------------------
                                         Name:  Christina Jamieson
                                         Title: Vice President

                                     WACHOVIA BANK NATIONAL ASSOCIATION

                                     By: /s/ Mark S. Supple
                                         ---------------------------------------
                                         Name:  Mark S. Supple
                                         Title: Vice President and Director
<PAGE>

                                     WINGED FOOT FUNDING TRUST

                                     By: /s/ Diana M. Hines
                                         ---------------------------------------
                                         Name:  Diana M. Hines
                                         Title: Authorized Agent

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}]]