Document:

<PAGE>

                                                                    Exhibit 4(o)
                                 AMENDMENT NO. 5
                                       TO
                    POST-PETITION LOAN AND SECURITY AGREEMENT

     This AMENDMENT NO. 5 TO POST-PETITION LOAN AND SECURITY AGREEMENT (this
"Amendment") is dated April 20, 2001, and is by and among BANK OF AMERICA, N.A.
("Agent"), the Lenders signatory hereto, FRUIT OF THE LOOM, INC. ("Borrower"),
and FRUIT OF THE LOOM, LTD. and certain domestic Subsidiaries of Borrower
("Guarantors").

     WHEREAS, the parties hereto are parties to a Post-Petition Loan and
Security Agreement dated as of December 29, 1999 (the "Loan Agreement"); and

     WHEREAS, the parties hereto desire to amend the Loan Agreement as herein
set forth:

     NOW, THEREFORE, for and in consideration of the mutual covenants set forth
herein and in the Loan Agreement, the parties hereto agree as follows:

     1. Amendments. The following replaces the parenthetical clause in the
definition of "Adjusted Net Earnings from Operations" after the first
reference to "GAAP" contained therein: "(and excluding inventory variances
incurred in a prior year but capitalized and expensed in the current year and
including inventory variances incurred in the current year but capitalized and
deferred to a following year)".

     2. Conditions to Effectiveness. This Amendment shall be effective upon
satisfaction of the following conditions precedent:

          (a) Execution and delivery of this Amendment by Requisite Lenders,
     Borrower and Guarantors; and

          (b) Approval by the Bankruptcy Court.

     3. Reference to and Effect Upon the Loan Agreement.

          (a) Except as specifically amended above, the Loan Agreement and the
     other Loan Documents shall remain in full force and effect and are hereby
     ratified and confirmed.

          (b) Upon the effectiveness of this Amendment, each reference in the
     Loan Agreement to "this Agreement", "hereunder", "hereof", "herein" or
     words of similar import shall mean and be a reference to the Loan Agreement
     as amended hereby.

          4. Defined Terms. Except as otherwise defined herein, all defined
terms herein shall have the meanings ascribed thereto in the Loan Agreement.
<PAGE>

          5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
     ACCORDANCE WITH THE INTERNAL LAWS (AS OPPOSED TO CONFLICTS OF LAWS
     PROVISIONS) OF THE STATE OF ILLINOIS.

          6. Headings. Section headings in this amendment are included herein
     for convenience of reference only and shall not constitute a part of this
     Amendment for any other purposes.

          7. Counterparts. This Amendment may be executed in any number of
     counterparts, each of which when so executed shall be deemed an original,
     but all such counterparts shall constitute one and the same instrument.

                            (signature page follows)
<PAGE>

     IN WITNESS WHEREOF, this Amendment has been duly executed as of the date
first written above.

                           BANK OF AMERICA, N.A.,
                           as Agent and Lender

                           By:
                              --------------------------------------------------
                           Name:    Stephen G. Bernardo
                           Title:   Vice President

                           AMSOUTH BANK, as Lender

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

                           THE BANK OF NOVA SCOTIA, as Lender

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

                           CIT GROUP/COMMERCIAL SERVICES, INC.,
                           as Lender

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

                           CITICORP USA, INC., as Lender

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

                                       3
<PAGE>

                           CONGRESS FINANCIAL CORPORATION
                           (CENTRAL), as Lender

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

                           CREDIT AGRICOLE INDOSUEZ, as Lender

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

                           CREDIT SUISSE FIRST BOSTON, as Lender

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

                           debis FINANCIAL SERVICES, INC., as Lender

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

                           FLEET CAPITAL CORPORATION, as Lender

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

                                       4
<PAGE>

                           FOOTHILL CAPITAL CORPORATION,
                           as Lender

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

                           GENERAL ELECTRIC CAPITAL
                           CORPORATION, as Lender

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

                           GMAC BUSINESS CREDIT, LLC, as Lender

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

                           GOLDMAN SACHS CREDIT PARTNERS, L.P.,
                           as Lender

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

                           HELLER FINANCIAL, INC., as Lender

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

                                       5
<PAGE>

                           ISRAEL DISCOUNT BANK, as Lender

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

                           LASALLE BUSINESS CREDIT, INC.,
                           as Lender

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

                           NATIONAL CITY COMMERCIAL FINANCE,
                           INC., as Lender

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

                           THE PROVIDENT BANK, as Lender

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

                           TRANSAMERICA BUSINESS CREDIT
                           CORPORATION, as Lender

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

                                       6
<PAGE>

                           BORROWER
                           in its capacity as
                           debtor-in-possession:

                           FRUIT OF THE LOOM, INC.,
                           a Delaware corporation

                           By:
                              ----------------------------------
                           Name:    Brian J. Hanigan
                           Title:   Vice President and Treasurer

GUARANTORS
each in its capacity as
debtor-in-possession:

                           MARTIN MILLS, INC.,
                           a Louisiana corporation

                           PRO PLAYER, INC.,
                           a New York corporation

                           RABUN APPAREL, INC.,
                           a Georgia corporation

                           SALEM SPORTSWEAR CORPORATION,
                           a Delaware corporation

                           UNION SALES, INC.,
                           a Delaware corporation

                           UNION YARN MILLS, INC.,
                           an Alabama corporation

                           WHITMIRE MANUFACTURING, INC.,
                           a South Carolina corporation

                           WINFIELD COTTON MILL, INC.,
                           an Alabama corporation

                           FTL REGIONAL SALES COMPANY, INC.,
                           a Delaware corporation

                           LEESBURG YARN MILLS, INC.,
                           an Alabama corporation

                                         7
<PAGE>

                           SALEM SPORTSWEAR, INC.,
                           a New Hampshire corporation

                           FRUIT OF THE LOOM TRADING COMPANY,
                           a Delaware corporation

                           UNION UNDERWEAR COMPANY, INC.,
                           a New York corporation

                           ALICEVILLE COTTON MILL, INC.,
                           an Alabama corporation

                           THE B.V.D. LICENSING CORPORATION,
                           a Delaware corporation

                           FAYETTE COTTON MILL, INC.,
                           an Alabama corporation

                           FOL CARIBBEAN CORPORATION,
                           a Delaware corporation

                           FRUIT OF THE LOOM ARKANSAS, INC.,
                           an Arkansas corporation

                           FRUIT OF THE LOOM CARIBBEAN, INC.,
                           a Delaware corporation

                           FRUIT OF THE LOOM, INC.,
                           a New York corporation

                           FRUIT OF THE LOOM TEXAS, INC.,
                           a Texas corporation

                           FTL SALES COMPANY, INC.,
                           a New York corporation

                           GITANO FASHIONS LIMITED,
                           a Delaware corporation

                           GREENVILLE MANUFACTURING, INC.,
                           a Mississippi corporation

                           FOL R&D  INC.,
                           a New York corporation

                                       8
<PAGE>

                           NWI LAND MANAGEMENT, INC.,
                           a Delaware corporation

                           ARTEX MANUFACTURING COMPANY, INC.,
                           a Delaware corporation

                           FTL INVESTMENTS, INC.,
                           a Delaware corporation

                           LEESBURG KNITTING MILLS, INC.,
                           an Alabama corporation

                           DEKALB KNITTING CORP.,
                           an Alabama corporation

                           SHERMAN WAREHOUSE CORP.,
                           a Mississippi corporation

                           FTL SYSTEMS, INC.,
                           a Tennessee corporation

                           By:
                                ------------------------------------------------
                           Name:    John J. Ray III
                           Title:   Chief Administrative Officer
                                    of each of the foregoing entities
                                    identified as a Guarantor

                           FRUIT OF THE LOOM, LTD.,
                           a Cayman Islands corporation

                           By:
                                ------------------------------------------------
                           Name:    John J. Ray III
                           Title:   Chief Administrative Officer

                                       9<PAGE>
                                                                   EXHIBIT 10.36

                                 THIRD AMENDMENT

         THIRD AMENDMENT, dated as of October 16, 2001 (this "Third Amendment"),
to the Third Amended and Restated Credit Agreement, dated as of September 26,
2000, as amended by the First Amendment, dated as of April 13, 2001, as amended
by the Second Amendment, dated as of June 5, 2001 (as heretofore amended or
otherwise modified, the "Credit Agreement"; unless otherwise defined herein,
capitalized terms which are defined in the Credit Agreement are used herein as
defined therein), among SALTON, INC., a Delaware corporation (formerly known as
Salton/Maxim Housewares, Inc.) (the "Borrower"), the several banks and financial
institutions or entities party thereto (each a "Lender" and, collectively, the
"Lenders"), LEHMAN BROTHERS INC., as advisor, arranger and bookrunner (in such
capacity, the "Arranger"), FIRSTAR BANK, N.A., as syndication agent (in such
capacity, the "Syndication Agent"), and LEHMAN COMMERCIAL PAPER INC., as
administrative agent (in such capacity, the "Administrative Agent").

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

         WHEREAS, the Borrower has requested the Lenders to consent to
amendments to certain provisions of the Credit Agreement; and

         WHEREAS, the Lenders are willing to consent to the requested
amendments, on and subject to the terms and conditions contained herein;

         NOW THEREFORE, in consideration of the premises and the agreements
hereinafter set forth, the parties hereto hereby agree as follows:

                                   ARTICLE I.

                       AMENDMENTS TO THE CREDIT AGREEMENT

         Section 1.1. Amendment to Section 1.1 of the Credit Agreement. Section
1.1 of the Credit Agreement is hereby amended by inserting the following new
text immediately prior to the semicolon in clause (v) of the definition of
"Permitted Acquisition":

         "(provided that until such time as the Net Average Total Debt Ratio is
         less than or equal to 2.50 to 1.00 (as calculated on a pro forma basis
         after taking into account such acquisition (including the incurrence of
         debt related to such acquisition)), the aggregate consideration for
         such acquisition shall not exceed $20,000,000)"

         Section 1.2. Amendment to Section 7.1 of the Credit Agreement. (a)
Section 7.1(a) of the Credit Agreement is hereby amended by deleting the last
two rows of the table and substituting in lieu thereof the following rows:

<PAGE>

                FQ1 2002                                3.00 to 1
       FQ2 2002 through FQ2 2003                        3.50 to 1
         FQ3 2003 and FQ4 2003                          3.25 to 1
       FQ1 2004 through FQ3 2004                        3.00 to 1
          FQ4 2004 thereafter                           2.75 to 1

         (b) Section 7.1(c) of the Credit Agreement is hereby amended in its
entirety by substituting in lieu thereof the following new Section 7.1(c):

             "(c) Consolidated Interest Coverage Ratio. Permit the Consolidated
         Interest Coverage Ratio for any period of four consecutive fiscal
         quarters of the Borrower to be less than the ratio set forth opposite
         such fiscal quarter:

             Fiscal Quarter                               Ratio
             --------------                               -----
                FQ1 2002                                3.25 to 1
       FQ2 2002 through FQ2 2003                        2.75 to 1
       FQ3 2003 through FQ2 2004                        3.00 to 1
          FQ3 2004 thereafter                           3.25 to 1

         (c) Section 7.1(d) of the Credit Agreement is hereby amended by
deleting the text "through FQ2 2004" in the last row of the table and then
inserting the following new row:

                FQ1 2002                                1.30 to 1
       FQ2 2002 through FQ2 2004                        1.20 to 1
          FQ3 2004 thereafter                           1.30 to 1

         Section 1.3. Amendment to Section 7.6 of the Credit Agreement. Section
7.6 is hereby amended by inserting the following new text immediately prior to
the period at the end thereof:

         "(provided that until such time as the Net Average Total Debt Ratio is
         less than or equal to 2.50 to 1.00 (as calculated on a pro forma basis
         after taking into account any repurchase of Capital Stock (including
         the incurrence of debt related to any such repurchase)), the Borrower
         may not purchase any Capital Stock pursuant to this clause (b))"

         Section 1.4. Amendment to Annex A.

         Annex A to the Credit Agreement is hereby amended in its entirety by
substituting in lieu thereof a new Annex A in the form of Exhibit B hereto.

<PAGE>

                                  ARTICLE II.

                                 MISCELLANEOUS

         Section 2.1. Conditions to the effectiveness of the Third Amendment.
This Third Amendment shall become effective as of the date each of the
conditions precedent set forth below shall have been fulfilled (the "Third
Amendment Effective Date"):

         (a) Third Amendment. The Administrative Agent shall have received this
Third Amendment, executed and delivered by a duly authorized officer of the
Borrower and each other Loan Party.

         (b) Lender Consent Letters. The Administrative Agent shall have
received executed Lender Consent Letters, substantially in the form of Exhibit A
hereto, from Lenders constituting the Required Lenders.

         (c) No Default. No Default or Event of Default shall have occurred and
be continuing on such date or after giving effect to this Third Amendment.

(d) Representations and Warranties. Each of the representations and warranties
made by any Loan Party in or pursuant to the Loan Documents and herein shall be
true and correct in all material respects on and as of the Third Amendment
Effective Date as if made on and as of the Third Amendment Effective Date after
giving effect to the amendments effected hereby.

         (e) Amendment Fee. The Administrative Agent shall have received, for
the account of each Lender that executes and delivers its Lender Consent Letter
on or prior to October 16, 2001, an amendment fee in an amount equal to 0.25% of
the Aggregate Exposure of such Lender.

         Section 2.2. Representation and Warranties. The Borrower represents and
warrants to each Lender and the Administrative Agent as follows:

         (a) Corporate Power; Authorization; Enforceable Obligations; No Legal
Bar.

         (i) The Borrower has the power and authority to execute and deliver
    this Third Amendment and to perform each of the Loan Documents as amended by
    this Third Amendment and each agreement or instrument contemplated hereby or
    thereby to which it is or will be a party.

         (ii) This Third Amendment has been duly executed and delivered by the
    Borrower and constitutes, and each other Loan Document as amended by this
    Third Amendment constitutes, a legal, valid and binding obligation of such
    party enforceable against the Borrower accordance with its terms, except as
    enforceability may be limited by bankruptcy, insolvency, moratorium,
    reorganization or other similar laws affecting creditors' rights generally
    and except as enforceability may be limited by general principles of equity
    (regardless of whether such enforceability is considered in a proceeding in
    equity or at law).

         (b) Representations and Warranties in Loan Documents. The
representations and warranties set forth in each Loan Document are true and
correct in all material respects as if

<PAGE>

made on and as of this Third Amendment Effective Date, except as they may
specifically relate to an earlier date.

         Section 2.3. Continuing Effect of Credit Agreement. This Third
Amendment shall not constitute an amendment of any provision of the Credit
Agreement not expressly referred to herein and shall not be construed as an
amendment, waiver or consent to any action on the part of any party hereto that
would require an amendment, waiver or consent of the Agents, the Arranger or the
Lenders except as expressly stated herein. Except as expressly waived hereby,
the provisions of the Credit Agreement are and shall remain in full force and
effect.

         Section 2.4. Acknowledgment and Consent. Each of the Loan Parties
hereby:

         (a) acknowledges and consents to the execution and delivery of this
Third Amendment and performance of the Credit Agreement;

         (b) agrees that the term "Obligations" as defined in the Security
Documents includes all of the Borrower's obligations under the Credit Agreement
and that all references in such documents to the "Credit Agreement" refer to the
Credit Agreement as defined in this Third Amendment;

         (c) agrees that all of the "Collateral" (as defined in the Security
Documents) secures, and continues to secure, all of the Obligations of the Loan
Parties referred to in paragraph (b) above; and

         (d) agrees that the execution and delivery of this Third Amendment and
performance of the Credit Agreement shall not in any way affect such Person's
obligations under any Loan Documents, as amended by this Third Amendment, to
which such Person is a party, which obligations on the date hereof remain
absolute and unconditional and are not subject to any defense, set-off or
counterclaim.

         Section 2.5. Expenses. The Borrower agrees to pay or reimburse the
Administrative Agent, the Syndication Agent, the Documentation Agent and the
Arranger for all of their reasonable out-of-pocket costs and expenses incurred
in connection with (a) the negotiation, preparation, execution and delivery of
this Third Amendment and any other documents prepared in connection herewith,
and consummation of the transactions contemplated hereby and thereby, including
the fees and expenses of Simpson Thacher & Bartlett, counsel to the
Administrative Agent and (b) the enforcement or preservation of any rights under
this Third Amendment and any other such documents.

         Section 2.6. GOVERNING LAW. THIS THIRD AMENDMENT SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.

         Section 2.7. Counterparts. This Third Amendment may be executed in any
number of counterparts by the parties hereto, each of which counterparts when so
executed shall be an original, but all counterparts taken together shall
constitute one and the same instrument.

<PAGE>

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

                                          SALTON, INC.

                                          By: /s/ JOHN E. THOMPSON
                                            ------------------------------------
                                            Name:  John E. Thompson
                                            Title: Senior V.P., CFO

                                          Salton Toastmaster Logistics LLC,
                                          as a Subsidiary Borrower

                                          By: TOASTMASTER INC., as sole Member

                                          By: /s/ JOHN E. THOMPSON
                                            ------------------------------------
                                            Name:  John E. Thompson
                                            Title: Senior V.P., CFO

                                          LEHMAN BROTHERS INC., as Arranger

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

<PAGE>

                                          LEHMAN COMMERCIAL PAPER INC., as
                                          Administrative Agent and as a Lender

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

                                          FIRSTAR BANK, N.A.,
                                          as Syndication Agent
                                          and as a Lender

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

                                          LASALLE BANK NATIONAL ASSOCIATION,
                                          as an Issuing Lender

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

<PAGE>

Acknowledged and Consented:

SALTON INTERNATIONAL CV

By: /s/ JOHN E. THOMPSON
  ----------------------------
  Name: John E. Thompson
  Title: Senior V.P

HOME CREATIONS DIRECT, LTD.

By: /s/ JOHN E. THOMPSON
  ----------------------------
  Name: John E. Thompson
  Title: Senior V.P

SALTON HOLDINGS, INC.

By: /s/ JOHN E. THOMPSON
  ----------------------------
  Name: John E. Thompson
  Title: Senior V.P

SASAKI PRODUCTS COMPANY

By: /s/ JOHN E. THOMPSON
  ----------------------------
  Name: John E. Thompson
  Title: Senior V.P

<PAGE>

SONEX INTERNATIONAL CORPORATION

By: /s/ JOHN E. THOMPSON
  ----------------------------
  Name: John E. Thompson
  Title: Senior V.P

TOASTMASTER INC.

By: /s/ JOHN E. THOMPSON
  ----------------------------
  Name: John E. Thompson
  Title: Senior V.P

<PAGE>

                                                                       EXHIBIT A

                              LENDER CONSENT LETTER

To:   Lehman Commercial Paper Inc.,
      as Administrative Agent
      3 World Financial Center
      New York, New York 10285

Ladies and Gentlemen:

         Reference is made to the Third Amended and Restated Credit Agreement,
dated as of September 26, 2000 (as heretofore amended or modified, the "Credit
Agreement"), among Salton, Inc., a Delaware corporation (the "Borrower"), the
Lenders parties thereto, Lehman Commercial Paper Inc., as Administrative Agent,
and others. Unless otherwise defined herein, capitalized terms used herein and
defined in the Credit Agreement are used herein as therein defined.

         The Borrower has requested that the Lenders consent to amend the Credit
Agreement on the terms described in the Third Amendment to which a form of this
Lender Consent Letter is attached as Exhibit A (the "Third Amendment").

         Pursuant to Section 10.1 of the Credit Agreement, the undersigned
Lender hereby consents to the execution by the Administrative Agent of the Third
Amendment.

                                                 Very truly yours,

                                                 [NAME OF LENDER]

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

Dated as of October 16, 2001

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