Document:

Exhibit 10.6

            AMENDMENT NO. 3 TO AMENDED AND RESTATED CREDIT AGREEMENT

                              AND WAIVER AGREEMENT

         THIS AMENDMENT NO. 3 TO AMENDED AND RESTATED CREDIT AGREEMENT AND
WAIVER AGREEMENT (this "AGREEMENT") is made and entered into as of January 14,
2004, by and among MILLER INDUSTRIES, INC., a Tennessee corporation ("MILLER"),
and MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware corporation and wholly
owned subsidiary of Miller ("MILLER TOWING") (Miller and Miller Towing may be
referred to herein individually as a "BORROWER" and together as the
"BORROWERS"), EACH OF THE GUARANTORS SIGNATORY HERETO (the "GUARANTORS"),
CONTRARIAN FUNDS, LLC ("CONTRARIAN"), as successor Agent to Bank of America,
N.A. (in such capacity, the "AGENT") for the Lenders under the Credit Agreement
(as defined below) and as a Lender, and HARBOURSIDE INVESTMENTS, LLLP
("HARBOURSIDE") as a Lender.

                              W I T N E S S E T H:

         WHEREAS, the Agent, the Lenders and the Borrowers have entered into
that certain Amended and Restated Credit Agreement dated as of July 23, 2001, as
amended by (i) that certain Amendment No. 1 to Amended and Restated Credit
Agreement dated as of April 12, 2002, among Borrowers, certain Subsidiaries of
Borrowers, Bank of America, N.A., Wachovia Bank, N.A., AmSouth Bank and SunTrust
Bank, and (ii) that certain letter agreement dated November 19, 2003, by
Contrarian as sole Lender and Agent (as so amended and as hereby and from time
to time amended, supplemented, modified or replaced, the "CREDIT AGREEMENT"),
pursuant to which $13,849,086.18 in aggregate principal amount of subordinated
term loans remains outstanding as of the date of this Agreement; and

         WHEREAS, Miller and Contrarian are entering into that certain Exchange
Agreement dated as of the date hereof in the form attached hereto as EXHIBIT A
(the "CONTRARIAN EXCHANGE AGREEMENT"), pursuant to which, subject to certain
terms and conditions, Contrarian has agreed to (a) exchange the Obligations
consisting of principal, interest and fees owing by Borrowers to Contrarian for
common stock of Miller and an amended promissory note under the Credit Agreement
to evidence the outstanding principal amount of Term Loans held by Contrarian
after giving effect to the transactions contemplated by the Contrarian Exchange
Agreement, and (b) to cancel and convert all of the outstanding Warrants held by
Contrarian into shares of common stock of Miller (such transactions as described
in this Whereas clause are referred to herein as the "CONTRARIAN EXCHANGE
TRANSACTION") ; and

         WHEREAS, Miller and Harbourside are entering into that certain Exchange
Agreement dated as of the date hereof in the form attached hereto as EXHIBIT B
(the "HARBOURSIDE EXCHANGE AGREEMENT"; together with the Contrarian Exchange
Agreement referred to herein collectively as the "EXCHANGE AGREEMENTS"),
pursuant to which, subject to certain terms and conditions, Harbourside has
agreed to (a) exchange the Obligations consisting of principal, interest and
fees owing by Miller to Harbourside for common stock of Miller and an amended
promissory note under the Credit Agreement to evidence the outstanding principal
amount of Term Loans held by Harbourside after giving effect to the transactions
contemplated by the Harbourside Exchange

<PAGE>

Agreement, and (b) to cancel and convert all of the outstanding Warrants held by
Harbourside into shares of common stock of Miller (such transactions as
described in this Whereas clause are referred to herein as the "HARBOURSIDE
EXCHANGE Transaction"); and

         WHEREAS, it is a condition precedent to the effectiveness of the
Exchange Agreements that the Borrowers, Agent and Lenders enter into this
Agreement; and

         WHEREAS, the Borrowers have requested that the terms of the Credit
Agreement be amended in the manner set forth herein, and that certain Defaults
and/or Events of Default under the Credit Agreement be waived, and the Agent and
the Lenders, subject to the terms and conditions contained herein, have agreed
to such waivers and amendments as set forth below;

         WHEREAS, the Borrowers, the Agent, the Lenders and the Guarantors
acknowledge that the terms of this Agreement constitute an amendment and
modification of, and not a novation of, the Credit Agreement and the Notes;

         NOW, THEREFORE, in consideration of the mutual covenants and the
fulfillment of the conditions set forth herein, the parties hereby agree as
follows:

         1. DEFINITIONS. Unless the context otherwise requires, all capitalized
terms used herein without definition shall have the definitions provided
therefor in the Credit Agreement.

         2. AMENDMENTS TO CREDIT AGREEMENT. Subject to the conditions hereof,
the Credit Agreement is hereby amended, effective as of the date hereof, as
follows:

                  (a) SECTION 1.1 of the Credit Agreement is hereby amended by
amending and restating the following definitions to read in their entirety as
follows:

                  "Notes" means, collectively, the Existing Notes, Tranche A
         Note, the Tranche B Note and any Replacement Note.

                  "Stated Termination Date" means (a) at all times prior to the
         Rescission Date, July 31, 2005, and (b) on and at all time after the
         Rescission Date, July 31, 2003.

                  "Base Rate" means (a) with respect to the principal portion of
         the Term Loans evidenced by any Tranche A Note, 18% per annum, (b) with
         respect to the principal portion of the Term Loans evidenced by any
         Tranche B Notes, 9% per annum, (c) with respect to the principal
         portion of the Term Loans evidenced by the Existing Harbourside Note,
         the sum of (i) for any day, the rate per annum equal to the higher of
         (A) the Federal Funds Rate for such day plus one-half of one percent
         (0.5%) or (B) the Prime Rate for such day PLUS (ii) 10%, and (d) with
         respect to the principal portion of the Term Loans evidenced by any
         Replacement Note, 18% per annum. Any change in the Base Rate due to a
         change in the Prime Rate or the Federal Funds Rate shall be effective
         on the effective date of such change in the Prime Rate or Federal Funds
         Rate. The increase in the interest rate effected by Amendment No. 3 to
         the Credit Agreement shall accrue from, and be effective as of, the
         date of this Agreement.

                                       2
<PAGE>

         (b) SECTION 1.1 of the Credit Agreement is hereby further amended by
adding the following new definitions in alphabetical order to read in their
entirety as follows:

                           "Contrarian Exchange Agreement" means that certain
                  Exchange Agreement dated as of the Third Amendment Effective
                  Date between Contrarian and Miller, as amended, restated,
                  modified, or supplemented from time to time.

                           "Contrarian Exchange Transaction" has the meaning
                  assigned to such term in the second recital paragraph to the
                  Third Amendment.

                           "Exchange Agreements" means, collectively, the
                  Harbourside Exchange Agreement and the Contrarian Exchange
                  Agreement.

                           "Existing Contrarian Note" means that certain
                  Promissory Note dated October 28, 2003 issued by Borrowers to
                  Contrarian in the aggregate principal amount of $7,715,919.45.

                           "Existing Harbourside Note" means that certain
                  Promissory Note dated November 24, 2003 issued by Miller to
                  Harbourside in the aggregate principal amount of
                  $6,133,166.73.

                           "Existing Notes" means, collectively, the Existing
                  Contrarian Note and the Existing Harbourside Note.

                           "Harbourside Exchange Transaction" has the meaning
                  assigned to such term in the third recital paragraph to the
                  Third Amendment.

                           "Miller Shareholder Approval" has the meaning
                  assigned to such term in the Harbourside Exchange Agreement.

                           "Rescission Date" means the effective date of any
                  exercise by Contrarian of its right of rescission pursuant to
                  and in accordance with Section 10 of the Contrarian Exchange
                  Agreement.

                           "Replacement Note" means any promissory note issued
                  by the Borrowers to Contrarian on or after the Rescission Date
                  pursuant to the provisions of SECTIONS 2.4(C), substantially
                  in the form of EXHIBIT D-3 to the Third Amendment, as amended,
                  restated, modified, or supplemented from time to time, which
                  note shall constitute an amendment and restatement of the
                  Tranche A Note.

                           "Third Amendment" means that certain Amendment No. 3
                  to Amended and Restated Credit Agreement and Waiver Agreement
                  dated as of the Third Amendment Effective Date, among
                  Borrowers, Agent, Guarantors and Lenders.

                           "Third Amendment Effective Date" means January 14,
                  2004.

                                       3
<PAGE>

                           "Tranche A Note" means, collectively, the Tranche A
                  Promissory Note of the Borrowers, substantially in the form of
                  EXHIBIT D-1 to the Third Amendment, as amended, restated,
                  modified, or supplemented from time to time, which note shall
                  constitute an amendment and restatement of the Existing
                  Contrarian Note.

                           "Tranche B Note" means, collectively, the Tranche B
                  Promissory Note of the Borrowers, substantially in the form of
                  EXHIBIT D-2 to the Third Amendment, as amended, restated,
                  modified, or supplemented from time to time.

         (c) SECTION 1.1 of the Credit Agreement is hereby further amended by
deleting the definition of "Applicable Margin".

         (d) SECTION 2.1 of the Credit Agreement is hereby amended and restated
in its entirety as follows:

                           2.1. TERM LOAN; PAYMENT OF PRINCIPAL.

                           (a) Subject to the terms and conditions of this
                  Agreement, the remaining outstanding balance of the Existing
                  Facility that is not repaid from the proceeds of the initial
                  funding of the Senior Facility shall be deemed to be Term
                  Loans made by the Lenders hereunder in accordance with their
                  respective Applicable Commitment Percentages; provided that
                  the aggregate amount of the Term Loans shall not exceed the
                  amount of the Term Loan Facility. Borrowers shall cause the
                  proceeds of the initial extensions of credit under the Senior
                  Facility to be used on the closing date thereof to reduce the
                  Existing Facility.

                           (b) As of the Third Amendment Effective Date and
                  after giving effect to the Contrarian Exchange Transaction to
                  be consummated on the Third Amendment Effective Date: (i) the
                  aggregate outstanding principal amount of all Term Loans is
                  $11,534,311.35, together with accrued but unpaid interest
                  thereon in the aggregate amount equal to $450,325.67, (ii) the
                  aggregate outstanding principal amount of Term Loans held by
                  Contrarian is $5,401,143.62, as evidenced by the Tranche A
                  Note to be issued to Contrarian on the Third Amendment
                  Effective Date, and the aggregate amount of accrued but unpaid
                  interest thereon owing to Contrarian is $0, and (iii) the
                  aggregate outstanding principal amount of Term Loans held by
                  Harbourside, as evidenced by the Existing Harbourside Note is
                  $6,133,166.73, and the aggregate amount of accrued but unpaid
                  interest thereon owing to Harbourside is $450,325.67. On the
                  Rescission Date, the aggregate outstanding principal amount of
                  Term Loans held by Contrarian shall be $7,715,919.45, less the
                  amount of any repayment of the principal amount of Term Loans
                  held by Contrarian after the Third Amendment Effective Date
                  and prior to the Rescission Date (other than as contemplated
                  by the Contrarian Exchange Agreement), as evidenced by the
                  Replacement Note to be issued to Contrarian on the Rescission
                  Date.

                                       4
<PAGE>

                           (c) Immediately following the Miller Shareholder
                  Approval and after giving effect to the Harbourside Exchange
                  Transaction to be consummated on or about such date, the
                  aggregate outstanding principal amount of Term Loans held by
                  Harbourside will be $4,293,216.17 less the amount of any
                  repayment of the principal amount of Term Loans held by
                  Harbourside after the Third Amendment Effective Date and prior
                  to the Miller Shareholder Approval, as evidenced by the
                  Tranche B Note to be issued to Harbourside on the date of
                  Miller Shareholder Approval.

                           (d) The entire principal amount of the Term Loans
                  shall be due and payable on the Stated Termination Date.

                  (e) SECTION 2.4 of the Credit Agreement is hereby amended and
         restated in its entirety as follows:

                           2.4. NOTES.

                           (a) On the Third Amendment Effective Date, upon
                  surrender of the Existing Contrarian Note by Contrarian to
                  Borrowers, Borrowers will issue to Contrarian a new note in
                  the form of Tranche A Note in the aggregate principal amount
                  of $5,401,143.62, which promissory note by its terms shall
                  amend and restate in its entirety the Existing Contrarian
                  Note.

                           (b) On the Miller Shareholder Approval in connection
                  with the consummation of the Harbourside Exchange Transactions
                  to occur on or about such date, upon surrender of the Existing
                  Harbourside Note by Harbourside to Borrowers, Borrowers will
                  issue to Harbourside a Tranche B Note in the aggregate
                  principal amount of $4,293,216.71 less the amount of any
                  repayment of the principal amount of Term Loans held by
                  Harbourside after the Third Amendment Effective Date and prior
                  to the Miller Shareholder Approval, which promissory note
                  shall amend and in restate in its entirety the Existing
                  Harbourside Note.

                           (c) On the Rescission Date, Contrarian shall
                  surrender to Miller the Tranche A Note issued to it pursuant
                  to SECTION 2.4(A), and Borrowers shall issue and deliver to
                  Contrarian a new Replacement Note in the aggregate principal
                  amount of $7,715,919.45 less the amount of any repayment of
                  the principal amount of Term Loans held by Contrarian after
                  the Third Amendment Effective Date and prior to the Rescission
                  Date (other than as contemplated by the Contrarian Exchange
                  Agreement), which replacement note shall amend and restate in
                  its entirety such Tranche A Note issued to Contrarian on the
                  Third Amendment Effective Date.

         (f) SECTION 7.1 of the Credit Agreement is hereby amended by adding a
new clause (i) immediately after existing clause (h) to read in its entirety as
follows:

                                       5
<PAGE>

                           (i) at the times and in the manner required for
         delivery as provided in the Senior Credit Agreement, deliver to Agent
         and Lenders a copy of all of the reports, information, documents and
         notices required to be delivered to the Senior Agents and Senior
         Lenders pursuant to Article 5 of the Senior Credit Agreement.

         (g) Clauses (b) and (c) of SECTION 8.1 of the Credit Agreement is
hereby amended and restated in their entirety to read as follows:

                           (b) CONSOLIDATED FIXED CHARGE COVERAGE RATIO. Permit
                  the Consolidated Fixed Charge Coverage Ratio to be less than
                  1.1 to 1.0 for each Four-Quarter Period beginning with the
                  Four-Quarter Period ending March 30, 2003.

                           (c) CONSOLIDATED EBITDA. Permit Consolidated EBITDA
                  for each trailing three month period ended as of the last day
                  of each fiscal month, commencing on March 31, 2004, to be less
                  than $2,500,000.

         (h) EXHIBIT D to the Credit Agreement is hereby deleted and the
following new EXHIBITS D-1, D-2 and D-3 are hereby substituted in lieu thereof
in the form attached to this Agreement as EXHIBITS D-1, D-2 and D-3.

         3. WAIVER; ACKNOWLEDGEMENT AND AGREEMENT OF AGENT AND LENDERS. Subject
to the satisfaction of the conditions precedent in Section 7 hereof:

                  (a) Agent and Lenders hereby waive all of the existing
Defaults and Events of Default under the Credit Agreement and Loan Documents
that have occurred and are continuing as of the date of this Agreement,
including, without limitation, (i) any Event of Default as a result of the
failure by Borrowers to repay the Term Loans and other Obligations on July 23,
2003, the original Stated Termination Date (as defined in the Credit Agreement
prior to giving effect to this Agreement), (ii) failure to timely deliver annual
financial statements for fiscal year 2002 and unqualified audit report, (iii)
the Event of Default under SECTION 9.1(G) (due to delivery of blockage and
standstill notices by Senior Lenders to the Lenders and the Agent) and other
defaults which were outlined in prior standstill/default notices given to Senior
Lenders and/or Miller, (iv) any Event of Default the Event of Default resulting
from Borrowers' breach of Section 8.4 of the Credit Agreement by the incurrence
of debt to Mr. William G. Miller in the amount of $150,000 in connection with
the payment of a certain expense deposit to General Electric Capital Corporation
(the "AFFILIATE LOAN") (the foregoing Defaults and Events of Default are
referred to herein collectively as the "EXISTING DEFAULTS"); and

                  (b) Agent and Lenders hereby acknowledge and agree that the
Term Loan Termination Date has not occurred as a result of the occurrence of any
of the Existing Defaults.

                  (c) Agent and the Lenders hereby acknowledge and agree that
the Existing Notes and any promissory notes issued pursuant to this Agreement,
are and will be subject to that certain Amended and Restated Intercreditor and
Subordination Agreement, dated as of April 12,

                                       6
<PAGE>

2002, by and between The CIT Group/Business Credit, Inc. and Agent, as amended
from time to time.

         4. CONSENT. Agent and Lenders hereby consent to (i) the repayment by
Borrowers of the Affiliate Loan on or after the Third Amendment Effective Date,
(ii) the consummation of the transactions contemplated by the Exchange
Agreements.

         5. CONTINUING EFFECT OF LOAN DOCUMENTS.

                  (a) Each Guarantor hereby (i) consents and agrees to the
amendments to the Credit Agreement set forth herein and (ii) confirms its joint
and several guarantee of payment of all the Guarantors' Obligations pursuant to
the Guaranty.

                  (b) Each of the Borrowers and Guarantors hereby acknowledge
and agree that each of the Security Instruments (i) remains in full force and
effect and is hereby reaffirmed, (ii) continues to secure all of the Obligations
of the Borrowers and the Guarantors' Obligations pursuant to the Guaranty, as
applicable, and (iii) notwithstanding anything to the contrary in any Security
Instrument, shall remain in effect until the Facility Termination Date.

         6. REPRESENTATIONS AND WARRANTIES. Each of the Borrowers hereby
certifies that after giving effect to this Agreement:

                  (a) The Borrowers and each Subsidiary have the power and
authority to execute and perform this Amendment Agreement and have taken all
action required for the lawful execution, delivery and performance thereof;

                  (b) No event has occurred and no condition exists which has
not been waived which, upon the consummation of the transaction contemplated
hereby, will constitute a Default or an Event of Default on the part of the
Borrowers under the Credit Agreement or any other Loan Document either
immediately or with the lapse of time or the giving of notice, or both; and

                  (c) Miller has the power and authority to execute and perform
the Exchange Agreements and has taken all action required for the lawful
execution, delivery and performance thereof, and each of the Exchange Agreements
has been duly executed and delivered by Miller and fully executed copies of the
Exchange Agreements have been delivered to the Agent.

         7. CONDITIONS TO EFFECTIVENESS. This Amendment shall not be effective
until the each of the following conditions shall have been satisfied:

                  (a) this Agreement duly executed by the Borrowers, the
Guarantors, the Agent and the Lenders and Agent shall have received a
counterpart thereof from each party thereto;

                  (b) Agent shall have received copies of the fully executed
Exchange Agreements; and

                  (c) Borrowers and Agent shall have received (i) consent from
Senior Lender to this Amendment to extent required pursuant to the Intercreditor
Agreement and (ii) consent

                                       7
<PAGE>

from the Senior Lenders to the transactions contemplated by the Harbourside
Exchange Transaction.

         Upon the satisfaction of the conditions set forth in this SECTION 7,
the Amendment Agreement shall be effective as of the date hereof, PROVIDED, THAT
in the event that (i) the shareholders of Miller fail to approve the Exchange
(as defined in the Harbourside Exchange Agreement), or (ii) the Rescission Date
has occurred, the provisions of SECTION 3 shall be void ab initio and of no
force and effect. In such case, the Existing Defaults shall be deemed not to
have been waived and shall continue to exist and the Term Loan Termination Date
shall be deemed to have occurred as of such Rescission Date.

         8. ENTIRE AGREEMENT. This Agreement sets forth the entire understanding
and agreement of the parties hereto in relation to the subject matter hereof and
supersedes any prior negotiations and agreements among the parties relative to
such subject matter. No promise, condition, representation or warranty, express
or implied, not herein set forth shall bind any party hereto, and not one of
them has relied on any such promise, condition, representation or warranty. Each
of the parties hereto acknowledges that, except as otherwise expressly stated
herein, no representations, warranties or commitments, express or implied, have
been made by any party to the other. None of the terms or conditions of this
Agreement may be changed, modified, waived or canceled orally or otherwise,
except as provided in the Credit Agreement.

         9. FULL FORCE AND EFFECT OF AGREEMENT. Except as hereby specifically
amended, modified or supplemented, the Credit Agreement and all of the other
Loan Documents are hereby confirmed and ratified in all respects and shall
remain in full force and effect according to their respective terms.

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

         11. GOVERNING LAW. This Agreement shall in all respects be governed by,
and construed in accordance with, the laws of the State of Georgia.

         12. ENFORCEABILITY. Should any one or more of the provisions of this
Amendment Agreement be determined to be illegal or unenforceable as to one or
more of the parties hereto, all other provisions nevertheless shall remain
effective and binding on the parties hereto.

         13. NO NOVATION. This Agreement is given as an amendment and
modification of, and not as a payment of, the Obligations of the Borrower under
the Credit Agreement and is not intended to constitute a novation of the Credit
Agreement. All of the indebtedness, liabilities and obligations owing by the
Borrowers under the Credit Agreement and the Guarantor's obligations under the
Guaranties, as applicable, shall continue to be secured by the "Collateral" as
defined in the Credit Agreement and the Borrowers and the Guarantors acknowledge
and agree that the "Collateral" as defined in the Credit Agreement shall
continue to constitute "Collateral"

                                       8
<PAGE>

hereunder and remains subject to a security interest in favor of the Agent for
the benefit of itself and the Lenders and to secure such Obligations and
Guarantors' Obligations.

         14. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and
inure to the benefit of each of the Borrowers, the Lenders and the Agent and
their respective successors, assigns and legal representatives; PROVIDED,
however, that the Borrowers, without the prior consent of the Agent, may not
assign any rights, powers, duties or obligations hereunder.

      [REMAINDER OF PAGE INTENTIONALLY BLANK; NEXT PAGE IS SIGNATURE PAGE]

                                       9
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 3
to Amended and Restated Credit Agreement and Waiver Agreement to be duly
executed by their duly authorized officers, all as of the day and year first
above written.

                                   BORROWERS:

                                            MILLER INDUSTRIES, INC.

                                            By: /s/ A. Russell Chandler III
                                            Name:  A. Russell Chandler III
                                            Title: Chairman, Special
                                                   Committee of the Board of
                                                   Directors

                                            MILLER INDUSTRIES TOWING EQUIPMENT
                                            INC.

                                            By: /s/ A. Russell Chandler III
                                            Name:  A. Russell Chandler III
                                            Title: Chairman, Special
                                                   Committee of the Board of
                                                   Directors

                                       10
<PAGE>

                                       GUARANTORS:

                                            APACO, INC.
                                            B&B ASSOCIATED INDUSTRIES, INC.
                                            CHEVRON, INC.
                                            CENTURY HOLDINGS, INC.
                                            CHAMPION CARRIER CORPORATION
                                            COMPETITION WHEELIFT, INC.
                                            GOLDEN WEST TOWING EQUIPMENT INC.
                                            KING AUTOMOTIVE & INDUSTRIAL
                                                   EQUIPMENT, INC.
                                            MID AMERICA WRECKER & EQUIPMENT
                                                   SALES, INC. OF COLORADO
                                            MILLER FINANCIAL SERVICES GROUP,
                                                   INC.
                                            MILLER/GREENEVILLE, INC.
                                            MILLER INDUSTRIES DISTRIBUTING, INC.
                                            MILLER INDUSTRIES INTERNATIONAL,
                                                   INC.
                                            MILLER INDUSTRIES TOWING
                                                   EQUIPMENT INC.
                                            PURPOSE, INC.
                                            SONOMA CIRCUITS, INC.
                                            SOUTHERN WRECKER CENTER, INC.
                                            SOUTHERN WRECKER SALES, INC.
                                            AETEX, INC., F/K/A A-EXCELLENCE
                                                   TOWING CO.
                                            ALL AMERICAN TOWING SERVICES,
                                                   INC.
                                            B-G TOWING, INC.
                                            BEAR TRANSPORTATION, INC.
                                            BTRCX, INC. F/K/A BERT'S TOWING
                                                   RECOVERY CORPORATION
                                            BBSX, INC. F/K/A BOB BOLIN SERVICES,
                                                   INC.
                                            BASIEX, INC. F/K/A BOB'S AUTO
                                                  SERVICE,INC.
                                            BTRX, INC.
                                            BVSWS, INC. F/K/A BOB VINCENT AND
                                                   SONS WRECKER SERVICE, INC.
                                            CAL WEST TOWING, INC.
                                            CBTX, INC., F/K/A CEDAR BLUFF 24
                                                   HOUR TOWING, INC.
                                            CCASX, INC.
                                            CEX, INC., F/K/A CHAD'S INC.

                                       11
<PAGE>

                                            CVDC, F/K/A CLEVELAND VEHICLE
                                                   DETENTION CENTER, INC.
                                            D.A. HANELINE, INC.
                                            DVREX, INC.
                                            DOLLAR ENTERPRISES, INC.
                                            DSX, INC., F/K/A DUGGER'S SERVICES,
                                                   INC.
                                            GMAR, INC., F/K/A GOOD MECHANIC AUTO
                                                   CO. OF RICHFIELD, INC.
                                            GREAT AMERICA TOWING, INC.
                                            GREG'S TOWING, INC.
                                            HTX, INC.
                                            LTSX, INC., F/K/A LAZER TOW
                                                   SERVICES, INC. LASX, INC.
                                            LWKR, INC. MAEJO, INC.
                                            MEL'S ACQUISITION CORP.
                                            MGEX, INC. MSTEX, INC. MTSX
                                            INC. MURPHY'S TOWING, INC.
                                            P.A.T., INC.
                                            PEX, INC., F/K/A/ PIPES ENTERPRISES,
                                                   INC.
                                            RMA ACQUISITION CORP.
                                            RRIC ACQUISITION CORP.
                                            RSX, INC., F/K/A RECOVERY SERVICES,
                                                   INC.
                                            ROAD ONE, INC.
                                            ROADONE EMPLOYEE SERVICES, INC.
                                            ROAD ONE INSURANCE SERVICES, INC.
                                            ROAD ONE SERVICE, INC.
                                            ROAD ONE SPECIALIZED
                                                   TRANSPORTATION, INC.
                                            ROADONE TRANSPORTATION AND
                                                   LOGISTICS, INC.
                                            R.M.W.S., INC.
                                            SWSX, INC. (F/K/A SUBURBAN WRECKER
                                                   SERVICE, INC.)
                                            TEXAS TOWING CORPORATION
                                            TPCTH, INC.
                                            TREASURE COAST TOWING, INC.
                                            TREASURE COAST TOWING OF MARTIN
                                                   COUNTY, INC.

                                       12
<PAGE>

                                            TSSC, INC., F/K/A TRUCK SALES
                                                   & SALVAGE CO., INC.
                                            TWSX, INC.
                                            WSX, INC., F/K/A WES'S SERVICE
                                                   INCORPORATED
                                            WTX, INC. (F/K/A WILTSE TOWING,
                                                   INC.)
                                            WTC, INC.
                                            WTEX, INC.
                                            ZTRX, INC., F/K/A ZEHNER TOWING &
                                                   RECOVERY, INC.

                                            By: /s/ A. Russell Chandler III
                                            Name:  A. Russell Chandler III
                                            Title: Chairman, Special
                                                   Committee of the Board of
                                                   Directors

                                       13
<PAGE>

                                        AGENT AND LENDERS:

                                        CONTRARIAN FUNDS, LLC, as Agent
                                        and Lender

                                        By Contrarian Capital Management, LLC,
                                        as Manager

                                         By:/s/ Jon R. Bauer
                                         Name: Jon R. Bauer
                                         Title: Managing Member

                                        HARBOURSIDE INVESTMENTS, LLLP, as Lender

                                         By:  /s/ William G. Miller
                                            ------------------------------------
                                         Name:  William G. Miller
                                         Title:  General Partner

                                       14
<PAGE>

                                    EXHIBIT A

                      Form of Contrarian Exchange Agreement

                                       15
<PAGE>

                                    EXHIBIT B

                     Form of Harbourside Exchange Agreement

                                       16
<PAGE>

                                   EXHIBIT D-1

                        Form of Tranche A Promissory Note

                            Tranche A Promissory Note
                                   (Term Loan)

$__________________________                                     Atlanta, Georgia
                                                             [January ___, 2004]

                  THIS NOTE AND THE INDEBTEDNESS EVIDENCED
                  HEREBY HAVE BEEN SUBORDINATED TO CERTAIN
                  OBLIGATIONS OF THE MAKER PURSUANT TO AN
                  INTERCREDITOR AND SUBORDINATION AGREEMENT
                  BETWEEN CONTRARIAN FUNDS, LLC, AS JUNIOR
                  AGENT, AND THE CIT GROUP/BUSINESS CREDIT,
                  INC., AS SENIOR AGENT, AS AMENDED FROM
                  TIME TO TIME.

         FOR VALUE RECEIVED, MILLER INDUSTRIES, INC., a Tennessee corporation
having its principal place of business located in Ooltewah, Tennessee ("Miller")
and MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware corporation having its
principal place of business located in Ooltewah, Tennessee ("Miller Towing")
(Miller and Miller Towing each are referred to as a "Borrower" and collectively,
the "Borrowers"), hereby promise to pay to the order of
________________________________ (the "Lender"), in its individual capacity, at
the office of CONTRARIAN FUNDS, LLC, as agent for the Lenders (the "Agent"),
located at c/o Contrarian Capital Management, LLC, 411 West Putnam Avenue, Suite
225, Greenwich, Connecticut 06830 (or at such other place or places as the Agent
may designate in writing) at the times set forth in the Amended and Restated
Credit Agreement dated as of July 23, 2001 among the Borrowers, the financial
institutions party thereto (collectively, the "Lenders") and the Agent (as
amended, supplemented or restated and in effect from time to time, the
"Agreement"; all capitalized terms not otherwise defined herein shall have the
respective meanings set forth in the Agreement), in lawful money of the United
States of America in immediately available funds, the principal amount of
____________________________ DOLLARS ($___________) on the Term Loan Termination
Date or such earlier date as may be required pursuant to the terms of the
Agreement, and to pay accrued but unpaid interest on the unpaid principal amount
hereof, in like money, at said office, on the dates and at the rates provided in
ARTICLE II of the Agreement. All or any portion of the principal amount of the
Term Loan may be prepaid or required to be prepaid as provided in the Agreement.

         Each Borrower shall be jointly and severally liable as a primary
obligor.

         If payment of all sums due hereunder is accelerated under the terms of
the Agreement or under the terms of the other Loan Documents executed in
connection with the Agreement, the then remaining principal amount hereof and
accrued but unpaid interest thereon evidenced by

                                       17
<PAGE>

this Note shall become immediately due and payable, without presentation,
demand, protest or notice of any kind, all of which are hereby waived by the
Borrower.

         In the event this Note is not paid when due at any stated or
accelerated maturity, the Borrower agrees to pay, in addition to the principal
and interest due hereunder, all costs of collection, including reasonable
attorneys' fees, and interest thereon at the rates set forth above.

         Interest hereunder shall be computed as provided in the Agreement.

         This Note is the Tranche A Notes referred to in the Agreement
evidencing the Term Loan and is issued pursuant to and entitled to the benefits
and security of the Agreement to which reference is hereby made for a more
complete statement of the terms and conditions upon which the Term Loan
evidenced hereby was made and is to be repaid. The obligations evidenced hereby
are secured by the Security Instruments. This Note is subject to certain
restrictions on transfer or assignment as provided in the Agreement.

         This Note constitutes an amendment and restatement of that certain
Promissory Note dated November ___, 2003 issued by Borrowers to Contrarian in
the aggregate principal amount of $7,715,919.45 (the "Prior Note") and this Note
is given as a substitution of, and not as a payment of, the Prior Note. The
indebtedness evidenced by this Note constitutes a continuation and modification
of a portion of that indebtedness outstanding under the Credit Agreement and
evidenced by the Prior Note. All of the indebtedness, liabilities and
obligations owing by the Borrower under the Prior Note shall continue and be
evidenced in part by this Note delivered in partial substitution for, and not
payment or novation of, the Prior Note.

         This Note shall be governed by and construed in accordance with the
laws of the State of Georgia.

         All Persons bound on this obligation, whether primarily or secondarily
liable as principals, sureties, guarantors, endorsers or otherwise, hereby waive
to the full extent permitted by law all defenses based on suretyship or
impairment of collateral and the benefits of all provisions of law for stay or
delay of execution or sale of property or other satisfaction of judgment against
any of them on account of liability hereon until judgment be obtained and
execution issued against any other of them and returned unsatisfied or until it
can be shown that the maker or any other party hereto had no property available
for the satisfaction of the debt evidenced by this instrument, or until any
other proceedings can be had against any of them, also their right, if any, to
require the holder hereof to hold as security for this Note any collateral
deposited by any of said Persons as security. Protest, notice of protest, notice
of dishonor, diligence or any other formality are hereby waived by all parties
bound hereon.

      [REMAINDER OF PAGE INTENTIONALLY BLANK; NEXT PAGE IS SIGNATURE PAGE]

                                       18
<PAGE>

         IN WITNESS WHEREOF, each of the Borrowers has caused this Tranche A
Promissory Note to be made, executed and delivered by its duly authorized
representative as of the date and year first above written, all pursuant to
authority duly granted.

                                       MILLER INDUSTRIES, INC.

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

                                       MILLER INDUSTRIES TOWING EQUIPMENT INC.

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

                                       19
<PAGE>

                                   EXHIBIT D-2

                        Form of Tranche B Promissory Note

                            Tranche B Promissory Note
                                   (Term Loan)

$__________________________                                     Atlanta, Georgia
                                                          [_________ ____, 2004]

                  THIS NOTE AND THE INDEBTEDNESS EVIDENCED
                  HEREBY HAVE BEEN SUBORDINATED TO CERTAIN
                  OBLIGATIONS OF THE MAKER PURSUANT TO AN
                  INTERCREDITOR AND SUBORDINATION AGREEMENT
                  BETWEEN CONTRARIAN FUNDS, LLC, AS JUNIOR
                  AGENT, AND THE CIT GROUP/BUSINESS CREDIT,
                  INC., AS SENIOR AGENT, AS AMENDED FROM
                  TIME TO TIME.

         FOR VALUE RECEIVED, MILLER INDUSTRIES, INC., a Tennessee corporation
having its principal place of business located in Ooltewah, Tennessee ("Miller")
and MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware corporation having its
principal place of business located in Ooltewah, Tennessee ("Miller Towing")
(Miller and Miller Towing each are referred to as a "Borrower" and collectively,
the "Borrowers"), hereby promise to pay to the order of
________________________________ (the "Lender"), in its individual capacity, at
the office of CONTRARIAN FUNDS, LLC, as agent for the Lenders (the "Agent"),
located at c/o Contrarian Capital Management, LLC, 411 West Putnam Avenue, Suite
225, Greenwich, Connecticut 06830 (or at such other place or places as the Agent
may designate in writing) at the times set forth in the Amended and Restated
Credit Agreement dated as of July 23, 2001 among the Borrowers, the financial
institutions party thereto (collectively, the "Lenders") and the Agent (as
amended, supplemented or restated and in effect from time to time, the
"Agreement"; all capitalized terms not otherwise defined herein shall have the
respective meanings set forth in the Agreement), in lawful money of the United
States of America in immediately available funds, the principal amount of
____________________________ DOLLARS ($___________) on the Term Loan Termination
Date or such earlier date as may be required pursuant to the terms of the
Agreement, and to pay accrued but unpaid interest on the unpaid principal amount
hereof, in like money, at said office, on the dates and at the rates provided in
ARTICLE II of the Agreement. All or any portion of the principal amount of the
Term Loan may be prepaid or required to be prepaid as provided in the Agreement.

         Each Borrower shall be jointly and severally liable as a primary
obligor.

         If payment of all sums due hereunder is accelerated under the terms of
the Agreement or under the terms of the other Loan Documents executed in
connection with the Agreement, the then remaining principal amount hereof and
accrued but unpaid interest thereon evidenced by

                                       20
<PAGE>

this Note shall become immediately due and payable, without presentation,
demand, protest or notice of any kind, all of which are hereby waived by the
Borrower.

         In the event this Note is not paid when due at any stated or
accelerated maturity, the Borrower agrees to pay, in addition to the principal
and interest due hereunder, all costs of collection, including reasonable
attorneys' fees, and interest thereon at the rates set forth above.

         Interest hereunder shall be computed as provided in the Agreement.

         This Note is the Tranche B Notes referred to in the Agreement
evidencing the Term Loan and is issued pursuant to and entitled to the benefits
and security of the Agreement to which reference is hereby made for a more
complete statement of the terms and conditions upon which the Term Loan
evidenced hereby was made and is to be repaid. The obligations evidenced hereby
are secured by the Security Instruments. This Note is subject to certain
restrictions on transfer or assignment as provided in the Agreement.

         This Note constitutes an amendment and restatement of that certain
Promissory Note dated November ___, 2003 issued by Borrowers to Harbourside in
the aggregate principal amount of $6,133,166.73 (the "Prior Note") and this Note
is given as a substitution of, and not as a payment of, the Prior Note. The
indebtedness evidenced by this Note constitutes a continuation and modification
of a portion of that indebtedness outstanding under the Credit Agreement and
evidenced by the Prior Note. All of the indebtedness, liabilities and
obligations owing by the Borrower under the Prior Note shall continue and be
evidenced in part by this Note delivered in partial substitution for, and not
payment or novation of, the Prior Note.

         This Note shall be governed by and construed in accordance with the
laws of the State of Georgia.

         All Persons bound on this obligation, whether primarily or secondarily
liable as principals, sureties, guarantors, endorsers or otherwise, hereby waive
to the full extent permitted by law all defenses based on suretyship or
impairment of collateral and the benefits of all provisions of law for stay or
delay of execution or sale of property or other satisfaction of judgment against
any of them on account of liability hereon until judgment be obtained and
execution issued against any other of them and returned unsatisfied or until it
can be shown that the maker or any other party hereto had no property available
for the satisfaction of the debt evidenced by this instrument, or until any
other proceedings can be had against any of them, also their right, if any, to
require the holder hereof to hold as security for this Note any collateral
deposited by any of said Persons as security. Protest, notice of protest, notice
of dishonor, diligence or any other formality are hereby waived by all parties
bound hereon.

      [REMAINDER OF PAGE INTENTIONALLY BLANK; NEXT PAGE IS SIGNATURE PAGE]

                                       21
<PAGE>

         IN WITNESS WHEREOF, each of the Borrowers has caused this Tranche B
Promissory Note to be made, executed and delivered by its duly authorized
representative as of the date and year first above written, all pursuant to
authority duly granted.

                                        MILLER INDUSTRIES, INC.

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

                                        MILLER INDUSTRIES TOWING EQUIPMENT INC.

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

                                       22
<PAGE>

                                   EXHIBIT D-3

                       Form of Replacement Promissory Note

                           Replacement Promissory Note
                                   (Term Loan)

$__________________________                                     Atlanta, Georgia
                                                          [_________ ____, 2004]

                  THIS NOTE AND THE INDEBTEDNESS EVIDENCED
                  HEREBY HAVE BEEN SUBORDINATED TO CERTAIN
                  OBLIGATIONS OF THE MAKER PURSUANT TO AN
                  INTERCREDITOR AND SUBORDINATION AGREEMENT
                  BETWEEN CONTRARIAN FUNDS, LLC, AS JUNIOR
                  AGENT, AND THE CIT GROUP/BUSINESS CREDIT,
                  INC., AS SENIOR AGENT, AS AMENDED FROM
                  TIME TO TIME.

         FOR VALUE RECEIVED, MILLER INDUSTRIES, INC., a Tennessee corporation
having its principal place of business located in Ooltewah, Tennessee ("Miller")
and MILLER INDUSTRIES TOWING EQUIPMENT INC., a Delaware corporation having its
principal place of business located in Ooltewah, Tennessee ("Miller Towing")
(Miller and Miller Towing each are referred to as a "Borrower" and collectively,
the "Borrowers"), hereby promise to pay to the order of
________________________________ (the "Lender"), in its individual capacity, at
the office of CONTRARIAN FUNDS, LLC, as agent for the Lenders (the "Agent"),
located at c/o Contrarian Capital Management, LLC, 411 West Putnam Avenue, Suite
225, Greenwich, Connecticut 06830 (or at such other place or places as the Agent
may designate in writing) at the times set forth in the Amended and Restated
Credit Agreement dated as of July 23, 2001 among the Borrowers, the financial
institutions party thereto (collectively, the "Lenders") and the Agent (as
amended, supplemented or restated and in effect from time to time, the
"Agreement"; all capitalized terms not otherwise defined herein shall have the
respective meanings set forth in the Agreement), in lawful money of the United
States of America in immediately available funds, the principal amount of
____________________________ DOLLARS ($___________) on the Term Loan Termination
Date or such earlier date as may be required pursuant to the terms of the
Agreement, and to pay accrued but unpaid interest on the unpaid principal amount
hereof, in like money, at said office, on the dates and at the rates provided in
ARTICLE II of the Agreement. All or any portion of the principal amount of the
Term Loan may be prepaid or required to be prepaid as provided in the Agreement.

         Each Borrower shall be jointly and severally liable as a primary
obligor.

         If payment of all sums due hereunder is accelerated under the terms of
the Agreement or under the terms of the other Loan Documents executed in
connection with the Agreement, the then remaining principal amount hereof and
accrued but unpaid interest thereon evidenced by

                                       23
<PAGE>

this Note shall become immediately due and payable, without presentation,
demand, protest or notice of any kind, all of which are hereby waived by the
Borrower.

         In the event this Note is not paid when due at any stated or
accelerated maturity, the Borrower agrees to pay, in addition to the principal
and interest due hereunder, all costs of collection, including reasonable
attorneys' fees, and interest thereon at the rates set forth above.

         Interest hereunder shall be computed as provided in the Agreement.

         This Note is the Replacement Notes referred to in the Agreement
evidencing the Term Loan and is issued pursuant to and entitled to the benefits
and security of the Agreement to which reference is hereby made for a more
complete statement of the terms and conditions upon which the Term Loan
evidenced hereby was made and is to be repaid. The obligations evidenced hereby
are secured by the Security Instruments. This Note is subject to certain
restrictions on transfer or assignment as provided in the Agreement.

         This Note constitutes an amendment and restatement of that certain
Tranche A Promissory Note dated January ___, 2004 issued by Borrowers to
Contrarian in the aggregate principal amount of $___________ (the "Prior Note")
and this Note is given as a substitution of, and not as a payment of, the Prior
Note. The indebtedness evidenced by this Note constitutes a continuation and
modification of a portion of that indebtedness outstanding under the Credit
Agreement and evidenced by the Prior Note. All of the indebtedness, liabilities
and obligations owing by the Borrower under the Prior Note shall continue and be
evidenced in part by this Note delivered in partial substitution for, and not
payment or novation of, the Prior Note.

         This Note shall be governed by and construed in accordance with the
laws of the State of Georgia.

         All Persons bound on this obligation, whether primarily or secondarily
liable as principals, sureties, guarantors, endorsers or otherwise, hereby waive
to the full extent permitted by law all defenses based on suretyship or
impairment of collateral and the benefits of all provisions of law for stay or
delay of execution or sale of property or other satisfaction of judgment against
any of them on account of liability hereon until judgment be obtained and
execution issued against any other of them and returned unsatisfied or until it
can be shown that the maker or any other party hereto had no property available
for the satisfaction of the debt evidenced by this instrument, or until any
other proceedings can be had against any of them, also their right, if any, to
require the holder hereof to hold as security for this Note any collateral
deposited by any of said Persons as security. Protest, notice of protest, notice
of dishonor, diligence or any other formality are hereby waived by all parties
bound hereon.

      [REMAINDER OF PAGE INTENTIONALLY BLANK; NEXT PAGE IS SIGNATURE PAGE]

                                       24
<PAGE>

         IN WITNESS WHEREOF, each of the Borrowers has caused this Replacement
Promissory Note to be made, executed and delivered by its duly authorized
representative as of the date and year first above written, all pursuant to
authority duly granted.

                                       MILLER INDUSTRIES, INC.

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

                                       MILLER INDUSTRIES TOWING EQUIPMENT INC.

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

                                       25Exhibit 10.7

                               EXCHANGE AGREEMENT

                                 BY AND BETWEEN

                            MILLER INDUSTRIES, INC.,

                                       AND

                              CONTRARIAN FUNDS, LLC

                          Dated as of January 14, 2004

<PAGE>

                               EXCHANGE AGREEMENT

         THIS EXCHANGE AGREEMENT (this "AGREEMENT") is entered into as of
January 14, 2004, by and between MILLER INDUSTRIES, INC., a Tennessee
corporation ("MILLER INDUSTRIES"), and CONTRARIAN FUNDS, LLC, a Delaware limited
liability company ("CONTRARIAN"). Capitalized terms used herein but not
otherwise located in the text of this Agreement are defined in SECTION 11.12.

                              W I T N E S S E T H:

         WHEREAS, Contrarian owns $7,715,919.45 principal amount of the
outstanding subordinated debt of Miller Industries (the "SUBORDINATED DEBT")
under that certain Amended and Restated Credit Agreement, dated July 23, 2001,
as amended (the "NOTE CREDIT AGREEMENT"), by and among Miller Industries, Miller
Industries Towing Equipment, Inc., a Delaware corporation, and Bank of America,
N.A., in its capacity as a Lender, and other financial institutions which may be
Lenders from time to time, which Subordinated Debt is evidenced by certain
promissory notes issued by Miller Industries (the "NOTES");

         WHEREAS, in relation to the Subordinated Debt, Contrarian also owns
103,644 of the warrants issued by Miller Industries (the "WARRANTS") pursuant to
that certain Warrant Agreement, dated July 23, 2001, by and among Miller
Industries, Bank of America, N.A., SunTrust Bank, Wachovia Bank, N.A. and
AmSouth Bank (the "WARRANT AGREEMENT");

         WHEREAS, Contrarian has agreed that as of January 14, 2004, on the
terms and subject to the conditions set forth in this Agreement, it will (i)
exchange the portion of the Subordinated Debt that is over and above
$5,401,143.62, representing 70% of the aggregate principal amount of the
Subordinated Debt (the "BASE AMOUNT"), for shares of common stock of Miller
Industries, par value $.01 per share ("MILLER COMMON STOCK") (the "Exchange"),
and (ii) convert the Warrants, on the terms and conditions set forth herein (the
"WARRANT Conversion") for shares of Miller Common Stock;

         WHEREAS, Contrarian has also agreed that as of January 14, 2004, it
will exchange its Notes (the "NOTE AMENDMENT") for an amended Tranche A
Subordinated Secured Note in a principal amount equal to the Base Amount of the
Notes and in the form attached hereto in EXHIBIT A (the "TRANCHE A NOTE");

         WHEREAS, the Board of Directors of Miller Industries has unanimously
approved this Agreement and the transactions contemplated hereby;

         NOW, THEREFORE, in consideration of the foregoing recitals, the mutual
covenants and agreements herein contained and other good and valuable
consideration, the parties hereby agree as follows:

                                       25
<PAGE>

SECTION 1.  EXCHANGE OF PORTION OF SUBORDINATED DEBT FOR SHARES OF MILLER COMMON
            STOCK AND ISSUANCE OF TRANCHE A NOTE.

         Upon the terms and subject to the conditions set forth in this
Agreement, on the Closing Date (as hereinafter defined):

                  (a) Miller Industries shall deliver irrevocable instructions
         to SunTrust Bank, as transfer agent of the Miller Common Stock (the
         "TRANSFER AGENT"), to issue and deliver to Contrarian a number of
         shares of Miller Common Stock equal to the Note Stock Amount and the
         Warrant Stock Amount (each as hereinafter defined); and

                  (b) Upon receipt of evidence reasonably satisfactory to it of
         the issuance of the instructions referred to in SECTION 1(A),
         Contrarian shall deliver to Miller Industries all of the Notes owned by
         it (subject to SECTION 4.3) and Miller Industries shall deliver to
         Contrarian a Tranche A Note in the principal amount equal to the Base
         Amount.

SECTION 2.        NOTE STOCK AMOUNT.

         2.1 NOTE STOCK AMOUNT. The "NOTE STOCK AMOUNT" shall be determined as
follows:

                  (a) If the Exchange Price (as defined below) is not greater
         than $7.00 (the "CAP") and not less than $5.00 (the "FLOOR"), the Note
         Stock Amount shall be equal to the sum of the Aggregate Conversion
         Amount (as defined below) divided by the Exchange Price. The "EXCHANGE
         PRICE" shall mean the average closing price per share of Miller Common
         Stock on the New York Stock Exchange ("NYSE") for each trading day in
         the calendar fourth quarter of 2003. The "AGGREGATE CONVERSION AMOUNT"
         means the sum of the total obligations due under the Subordinated Debt,
         being principal, accrued interest and accrued commitment fees (together
         with accrued interest thereon), in each case to and including the
         Closing Date, MINUS the Base Amount. The parties agree that, as of the
         date of this Agreement, the Aggregate Conversion Amount would be
         $3,973,926.27, consisting of $7,715,919.45 of principal, $566,538.74 of
         accrued interest and $1,023,885.39 of accrued fees and $68,726.29
         interest thereon, MINUS the Base Amount of $5,401,143.62.The parties
         agree that the Exchange Price is $5.75640625.

                  (b) If the Exchange Price is less than $5.00, the Note Stock
         Amount shall be equal to the sum of the Aggregate Conversion Amount
         divided by $5.00.

                  (c) If the Exchange Price is greater than $7.00, the Note
         Stock Amount shall be equal to the sum of the Aggregate Conversion
         Amount divided by $7.00.

                  2.2 CALCULATION EXAMPLES. The following represent illustrative
         examples of the calculations set forth in SECTION 2.1 based on a
         hypothetical Aggregate Conversion Amount of $3,973,926.27 (assuming
         $9,375,069.89 in total outstanding obligations under the Subordinated
         Debt, MINUS the Base Amount of $5,401,143.62):

                  EXAMPLE OF SECTION 2.1(A): IF THE EXCHANGE PRICE
                  EQUALS $5.50, THEN THE NOTE STOCK AMOUNT WOULD EQUAL
                  722,532 SHARES OF MILLER COMMON STOCK
                  ($3,973,926.27) DIVIDED BY $5.50).

                                  2
<PAGE>

         EXAMPLE OF SECTION 2.1(B): IF THE EXCHANGE PRICE EQUALS $4.00, THEN THE
         NOTE STOCK AMOUNT WOULD EQUAL 794,785 SHARES OF MILLER COMMON STOCK
         ($3,973,926.27) DIVIDED BY THE FLOOR PRICE OF $5.00).

         EXAMPLE OF SECTION 2.1(C): IF THE EXCHANGE PRICE EQUALS $8.00, THEN THE
         NOTE STOCK AMOUNT WOULD EQUAL 567,703 SHARES OF MILLER COMMON STOCK
         ($3,973,926.27) DIVIDED BY THE CAP PRICE OF $7.00).

         2.3 CONVERSION OF WARRANTS. On the Closing Date, the Warrants shall be
cancelled and converted into the right of Contrarian to receive the Warrant
Stock Amount. The "WARRANT STOCK AMOUNT" shall mean shares of Miller Common
Stock equal to (i) the Exchange Price MINUS the exercise price of each of the
Warrants, (ii) MULTIPLIED by the total number of Warrants at each such exercise
price, and (iii) DIVIDED by the Exchange Price.

         For example, if the Exchange Price is $5.50, the exercise price of the
Warrants is $1.00 per share and there are 103,644 Warrants, the Warrant Stock
Amount would equal 84,799 shares of Miller Common Stock (($5.50 - $1.00) X
103,644/$5.50).

         2.4 FRACTIONAL SHARES. No fraction of a share of Miller Common Stock
will be issued under this SECTION 2, but in lieu thereof Contrarian shall
receive an amount of cash equal to such fraction multiplied by the Exchange
Price.

         SECTION 3. CONSUMMATION OF THE TRANSACTIONS; CLOSING DATE.

         The consummation of the Exchange and the Warrant Conversion
contemplated herein (the "CLOSING") shall take place at the offices of
Kilpatrick Stockton LLP, 1100 Peachtree Street, Suite 2800 Atlanta, Georgia, on
or as soon as possible after January 14, 2004 (the "CLOSING DATE"); PROVIDED,
HOWEVER, that the Closing shall not occur until the conditions to closing set
forth in SECTIONS 7 and 8 shall have been satisfied or waived by the party or
parties entitled to the benefit thereof.

         SECTION 4. REPRESENTATIONS AND WARRANTIES OF CONTRARIAN.

         Contrarian represents and warrants to Miller Industries that:

         4.1 AUTHORITY. It has all necessary limited liability company power and
authority to execute and deliver this Agreement, to perform its obligations
hereunder, and to consummate the transactions contemplated hereby.

         4.2 BINDING AGREEMENT; NO VIOLATION. This Agreement has been, and will
be as of the Closing Date, duly executed and delivered by Contrarian and
constitutes the legal, valid and binding obligation of Contrarian, enforceable
against it in accordance with the respective terms hereof. The execution and
delivery of this Agreement by Contrarian, and the consummation of the
transactions contemplated by this Agreement, will not violate any of the
organizational documents of Contrarian or result in a Conflict (as hereinafter
defined) with the provisions of any material Law or Order to which Contrarian is
a party or is bound.

                                       3
<PAGE>

         4.3 TITLE TO SUBORDINATED DEBT. All of the Notes owned by Contrarian
are held by Contrarian, free and clear of any Liens. Upon the parties' receipt
of all of the Closing deliverables set forth in SECTION 1, the obligations of
Miller Industries with respect to the portion of the Notes constituting the
Aggregate Conversion Amount will be extinguished, and all obligations under the
remaining Notes will be replaced with the obligations under the Tranche A Note
(subject to SECTION 10).

         4.4 INVESTMENT REPRESENTATION. (a) The shares of Miller Common Stock
are being acquired for Contrarian's own account, for investment and not with a
view to, or for resale in connection with, any distribution or public offering
thereof within the meaning of the United States Securities Act of 1933, as
amended (the "SECURITIES Act"), which is in violation of the Securities Act.

                  (b) Contrarian is an accredited investor and (i) has such
         knowledge, sophistication and experience in business and financial
         matters that it is capable of evaluating the merits and risks of its
         investment in the shares of Miller Common Stock, and (ii) can bear the
         economic risk of an investment in such shares and can afford a complete
         loss of such investment.

                           (c) Contrarian acknowledges that (i) Miller
                  Industries has offered full access to all of the information
                  that would be necessary or appropriate to make an informed
                  investment decision with respect to the shares of Miller
                  Common Stock to be acquired by Contrarian under this Agreement
                  and (ii) Contrarian has refused such offers of access to any
                  information of a nonpublic nature.

         SECTION 5. REPRESENTATIONS AND WARRANTIES OF MILLER INDUSTRIES.

         Miller Industries represents and warrants to Contrarian that:

         5.1 CORPORATE ORGANIZATION. Miller Industries is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Tennessee and has all requisite corporate power and authority to own, lease and
operate its properties and to carry on its business as now being conducted.

         5.2 CAPITAL STOCK. The shares of Miller Common Stock to be issued
hereunder have been and will at the Closing be duly authorized and validly
issued. All of the shares of Miller Common Stock to be issued hereunder will at
the Closing be fully paid and nonassessable. Upon delivery of the shares of
Miller Common Stock to Contrarian by the Transfer Agent as provided in SECTION
1, Contrarian will acquire good and valid title to the shares of Miller Common
Stock, free and clear of any Liens.

         5.3 CORPORATE POWER AND AUTHORITY; BINDING AGREEMENT.

                  (a) Miller Industries has all necessary corporate power and
         authority to execute and deliver this Agreement and a Registration
         Rights Agreement (as hereinafter defined), to perform its obligations
         hereunder and thereunder, and to consummate the Exchange, the Warrant
         Conversion, the Note Agreement and the other transactions contemplated

                                       4
<PAGE>

         by this Agreement. The execution, delivery and performance by Miller
         Industries of this Agreement and the transactions contemplated by this
         Agreement have been duly authorized by all necessary corporate action
         (including, without limitation, the approval of the Board) and no other
         corporate proceedings on the part of Miller Industries are necessary to
         authorize this Agreement, a Registration Rights Agreement or to
         consummate the Exchange, the Warrant Conversion, the Note Agreement or
         any other transactions contemplated by this Agreement.

                  (b) This Agreement has been duly executed and delivered by
         Miller Industries and constitutes the legal, valid and binding
         obligation of Miller Industries, enforceable against Miller Industries
         in accordance with its terms.

         5.4 NO VIOLATION. Neither the execution and delivery of this Agreement
nor the consummation of the transactions contemplated by this Agreement conflict
with, or will result in any violation or breach of or event of default under
(any such event, a "CONFLICT"), any provision of (i) the Charter, as amended, or
the Bylaws, as amended, of Miller Industries, (ii) any Law or Order, in each
case, applicable to Miller Industries or its respective properties or assets or
(iii) whether or not with notice or lapse of time, or both, any agreement,
indenture or instrument to which Miller Industries is a party or by which its
assets are bound.

         5.5 OPINION OF FINANCIAL ADVISOR. Prior to the date hereof, the
Financial Advisor has delivered to the Board its oral opinion that, as of such
date and subject to customary assumptions, qualifications and limitations, the
terms of the Exchange are fair, from a financial point of view, to the
shareholders of Miller Industries other than "insiders" of Miller Industries as
defined in Section 16 of the Securities Exchange Act of 1934.

         5.6 SOLVENCY. Miller Industries is, and after consummation of the
transactions contemplated by this Agreement will be, Solvent. "SOLVENT" as used
herein, means that Miller Industries is able to realize upon its assets and pay
its debts and other liabilities, contingent obligations and other commitments as
they mature in the normal course of business, (ii) Miller Industries does not
intend to, and does not believe that it will, incur such debts or liabilities
beyond Miller Industries' ability to pay as such debts and liabilities mature in
their ordinary course, (iii) Miller Industries is not engaged in a business or a
transaction and is not about to engage in a business or a transaction, for which
Miller Industries' property would constitute unreasonably small capital after
giving due consideration to the prevailing practice in the industry in which
Miller Industries is engaged or is to engage, (iv) the fair value of the
property of Miller Industries is greater than the total amount of liabilities,
including without limitation, contingent liabilities, of Miller Industries and
(v) the present fair salable value of the assets of Miller Industries is not
less than the amount that will be required to pay the probable liability of
Miller Industries on its debts as they become absolute and matured. In computing
the amount of contingent liabilities at any time, it is intended that such
liabilities will be computed at the amount which, in light of all the facts and
circumstances existing at such time, represents the amount that can reasonably
be expected to become an actual or matured liability.

         5.7 DISCLOSURE. Miller Industries hereby represents that all documents
filed by it with the Securities and Exchange Commission ("SEC") have contained
all material information required to be disclosed therein, and have not
contained any misstatements of a material fact or

                                       5
<PAGE>

omitted to state any material fact necessary to make the statements set forth
therein not misleading.

         5.8 NO CONFIDENTIAL INFORMATION. Miller Industries confirms that it has
offered, but has not provided, information to Contrarian that is not available
to the general public.

         5.9 INDEBTEDNESS OUTSTANDING. Miller Industries issued $14,000,000.00
principal amount of notes under the Note Credit Agreement and, as of the date of
this Agreement, the outstanding principal amount of such is $13,849,086.18. True
and correct copies of the Note Credit Agreement and the Warrant Agreement have
been provided to Contrarian and such agreements have not been amended or
modified and remain in full force and effect. The exercise price and the number
of Warrant shares for which a Warrant is exercisable has not been adjusted
pursuant to the terms of the Warrant Agreement or otherwise.

         SECTION 6. ADDITIONAL COVENANTS AND AGREEMENTS.

         6.1 FURTHER ASSURANCES. Each party hereto, at the request of the other
party hereto, shall execute and deliver such other instruments of transfer,
conveyance, assignment or other documents and do and perform such other acts and
things as may be necessary or desirable for effecting completely and promptly
the consummation of the Exchange, the Warrant Conversion and the other
transactions contemplated hereby, including providing any documentation
requested by any third party lender; PROVIDED, HOWEVER, that nothing in this
SECTION 6.1 shall be construed to obligate any party to waive any of the closing
conditions set forth in SECTIONS 7 or 8 or to obligate Contrarian to incur any
expense or assume any obligation other than as otherwise provided in this
Agreement.

         6.2 REGISTRATION RIGHTS. The parties shall proceed to negotiate a
registration rights agreement with respect to the shares of Miller Common Stock
to be issued hereunder (a "REGISTRATION RIGHTS AGREEMENT") that is mutually
satisfactory to the parties.

         6.3 NOTE REPURCHASES, ETC. Miller Industries agrees that it will not
repurchase, directly or indirectly, any notes issued under the Note Credit
Agreement or any warrants issued under the Warrant Agreement other than on terms
substantially identical to those set forth in this Agreement, without the prior
written consent of Contrarian.

         6.4 INDEMNITY. (a) Miller Industries shall indemnify, defend, and hold
Contrarian and its affiliates and their respective officers, directors, agents,
partners, members, affiliates and employees (collectively, "INDEMNITEES")
harmless from and against any liability, claim, cost, loss, judgment, damage or
expense (including reasonable attorneys' fees and expenses) that Indemnitees
incur or suffer as a result of, or arising out of (i) breach of any of Miller
Industries' representations, warranties, covenants or agreements in this
Agreement, (ii) any third party claim arising out of the actions or inactions of
Miller Industries in connection with this Agreement or the transactions
contemplated hereby or (iii) any payments, setoffs or recoupments suffered by
Contrarian as a result of Miller Industries not being Solvent as of the Closing.
This SECTION 6.4 is a continuing obligation, separate and independent from the
other obligations of the parties to this Agreement and survives termination of
this Agreement and it is not necessary for an

                                       6
<PAGE>

Indemnitee to incur expense or make payment before enforcing a right of
indemnity conferred by this Agreement.

                  (b) With respect to any claim by a third party as to which
         Contrarian is entitled to indemnification under SECTION 6.4(A)(II),
         Miller Industries shall have the right to assume control of the defense
         of such claim at its own expense, and Contrarian shall cooperate fully
         with Miller Industries in the defense of such claim at the expense of
         Miller Industries. If Miller Industries elects to assume control of the
         defense of any third-party claim, Contrarian shall have the right to
         participate in the defense of such claim and retain separate co-counsel
         at its own expense.

         6.5 NYSE LISTING. Miller Industries shall use its best efforts to have
the shares of Miller Common Stock to be issued to Contrarian hereunder be
approved for listing on the NYSE.

         SECTION 7. CONDITIONS TO OBLIGATIONS OF EACH PARTY.

         The respective obligations of each party hereto to consummate the
transactions contemplated hereby shall be subject to the satisfaction at or
prior to the Closing of each of the following conditions, any of which may be
waived, in writing, by agreement of all the parties hereto (it being understood
that each such condition is solely for the benefit of the parties hereto and may
be waived in writing by their mutual agreement without notice, liability, or
obligation to any Person):

         7.1 NO ORDER PREVENTING CONSUMMATION; ILLEGALITY. No Order issued by
any Governmental Authority (as hereinafter defined) or other Law preventing the
consummation of the transactions contemplated herein shall be in effect, nor
shall any proceeding brought by a Governmental Authority seeking any of the
foregoing be pending.

         7.2 LITIGATION. There shall be no Action pending against Contrarian or
Miller Industries, its properties or any of its respective officers or
directors, arising out of, or in any way connected with the Exchange or the
other transactions contemplated by the terms of this Agreement.

         7.3 NYSE LISTING. The shares of Miller Common Stock to be issued
hereunder shall have been approved for listing on the NYSE.

         7.4 REGISTRATION RIGHTS AGREEMENT. The parties shall have entered into
and delivered executed counterparts to each other of a Registration Rights
Agreement mutually acceptable to the parties.

         7.5 AMENDMENT TO NOTE CREDIT AGREEMENT. Miller Industries, Contrarian
and Harbourside Investments, LLLP shall have entered into and delivered executed
counterparts to each other of an amendment to the Note Credit Agreement in the
form attached hereto as EXHIBIT A (the "CREDIT AGREEMENT AMENDMENT").

                                       7
<PAGE>

         SECTION 8. ADDITIONAL CONDITIONS TO OBLIGATIONS OF CONTRARIAN. In
addition to the general closing conditions set forth in SECTION 7, the
obligations of Contrarian to consummate the transactions contemplated hereby
shall be subject to the following additional conditions:

         8.1 COMPLIANCE WITH COVENANTS. Miller Industries shall have performed
or complied with all agreements and covenants required to be performed by it
under this Agreement at or prior to the Closing Date in all material respects
and all representations and warranties of Miller Industries set forth in this
Agreement shall be true and correct in all material respects.

         8.2 OPINION. Contrarian shall have received an opinion from counsel of
Miller Industries, in form and substance reasonably acceptable to Contrarian and
its counsel, dated the Closing Date, covering the matters set forth in SECTIONS
5.1, 5.2, 5.3 and 5.4, including due authorization and delivery,
noncontravention and enforceability.

         SECTION 9. TERMINATION.

         9.1 TERMINATION. This Agreement may be terminated and the transactions
contemplated hereby may be abandoned:

                  (a) at any time, by mutual written consent of Miller
         Industries and Contrarian; or

                  (b) by Miller Industries or Contrarian, at any time after
         January 31, 2004, if the Closing shall not have occurred on or prior to
         such date; PROVIDED, HOWEVER, that the right to terminate this
         Agreement under this SECTION 9.1(B) shall not be available to any party
         whose failure to fulfill any obligation under this Agreement has been
         the primary cause of, or resulted in, the failure of the Closing to
         have occurred on or before such date.

         9.2 EFFECT OF TERMINATION. Upon termination of this Agreement pursuant
to SECTION 9.1, this Agreement shall become void and there shall be no liability
on the part of Contrarian or Miller Industries, except as otherwise provided in
this Agreement. Notwithstanding the foregoing, nothing contained herein shall
relieve any party from liability for any willful breach of any covenant or
agreement in this Agreement or for the incorrectness of any representation or
warranty set forth in this Agreement.

         SECTION 10. RIGHT TO RESCIND EXCHANGE AND WARRANT CONVERSION.

         The parties acknowledge that Miller Industries intends to submit a
proposal to its shareholders seeking approval of the exchange of Subordinated
Debt and conversion of Warrants owned by Harbourside Investments, LLLP, which
exchanges will be on terms identical (except as provided in the Credit Agreement
Amendment) to the Exchange and Warrant Conversion contemplated herein (the
"HARBOURSIDE EXCHANGE PROPOSAL"). If the Harbourside Exchange Proposal is not
approved by the shareholders of Miller Industries at a properly called meeting,
then Contrarian shall have the right until 5 p.m., eastern time, on the fifth
(5th) business day after such failure to approve is made known to it, to
surrender to Miller Industries all (but not less than all) of the Miller Common
Stock received in the Exchange and Warrant Conversion, which Miller Industries
shall be obligated to accept, in exchange for Miller Industries issuing to

                                       8
<PAGE>

Contrarian (x) an amended promissory note or notes in the form of the
Replacement Note under and as defined in the Note Credit Agreement in an
aggregate principal amount equal to the original Notes exchanged at the Closing
pursuant to SECTION 1(A) hereunder less any principal payments made after the
Closing (which amended Note shall preserve the holder's right to accrued but
unpaid interest) and (y) a warrant or warrants to purchase 103,644 shares of
Miller Common Stock on terms identical in all respects to the Warrants
surrendered at the Closing. Upon receipt of the stock certificates representing
the Miller Common Stock received in the Exchange and the Warrant Conversion,
Miller Industries shall promptly issue and deliver to Contrarian the note and
warrants described herein and the transactions consummated and deliveries made
at the Closing shall be void ab initio, and this Agreement shall immediately
terminate as if terminated by Contrarian pursuant to SECTION 9.1(B).
Notwithstanding anything to the contrary in this section, the right of
Contrarian to surrender the Miller Common Stock under this SECTION 10 shall not
be available to Contrarian if it (a) does not deliver the stock certificates
representing the Miller Common Stock within the five (5) business day period
specified above or (b) has pledged, assigned, or otherwise encumbered or
transferred any or all of the shares of Miller Common Stock that it received in
the Exchange or Warrant Conversion, which pledge remains in effect.

         SECTION 11. MISCELLANEOUS.

         11.1 PAYMENT OF EXPENSES. Except as otherwise specifically set forth
below in this SECTION 11.1, each party hereto shall pay its own fees and
expenses incident to preparing for, entering into, and carrying out this
Agreement, the Exchange and any other transactions contemplated hereby.
Notwithstanding the foregoing, Miller Industries shall pay on demand all fees
and expenses of Contrarian (including reasonable legal fees, consultant fees,
search fees, filing fees, documentation fees and travel expenses) incurred by
Contrarian in connection with the origination, structuring and negotiation of
the Tranche A Notes and the Tranche B Subordinated Secured Notes to be issued to
Harbourside Investments, LLLP and the transactions contemplated thereby, whether
or not the transaction closes, subject to a cap of $50,000.

         11.2 PUBLICITY AND REPORTS. Contrarian shall not issue any press
release or otherwise make any public statement or make any other public (or
non-confidential) disclosure (regardless of whether it is in response to an
inquiry) regarding the terms of this Agreement, the Exchange or the transactions
contemplated hereby, except as required by Law. The parties hereto acknowledge
that Miller Industries is a publicly traded company and, as such, will be
entitled to make such public statements or disclosures as it reasonably believes
to be required by applicable Law, including the rules of the NYSE.

         11.3 ASSIGNMENT. Neither this Agreement nor any of the rights,
interests or obligations hereunder shall be assigned, in whole or in part, by
operation of law or otherwise by either party hereto without the prior written
consent of the other party hereto, except that Contrarian may assign this
Agreement in connection with an assignment of the Notes to a third party as long
as the assignment provisions of the Notes are complied with (or properly waived)
in connection with such assignment.

         11.4 GOVERNING LAW. This Agreement shall be governed by and construed
in accordance with the laws of the State of New York applicable to contracts
made and to be

                                       9
<PAGE>

performed in the State of New York, without regard to any laws that might
otherwise govern under applicable principles of conflicts of laws thereof.

         11.5 COUNTERPARTS. This Agreement may be executed in one or more
counterparts (including by telecopy), all of which shall be considered one and
the same agreement and shall become effective when one or more counterparts have
been signed by each of the parties and delivered to the other party, it being
understood that all parties need not sign the same counterpart.

         11.6 AMENDMENT. Except as is otherwise required by applicable Law, this
Agreement may be amended by the parties hereto at any time only by execution of
an instrument in writing signed on behalf of each of the parties hereto.

         11.7 PARTIES IN INTEREST. No provisions of this Agreement are intended,
nor shall be interpreted, to provide or create any third party beneficiary
rights or any other rights of any kind in any client, customer, affiliate,
partner of any party hereto or any other Person unless specifically provided
otherwise herein.

         11.8 NOTICES. Any notice or communication required or permitted
hereunder shall be in writing, shall be effective when received, and shall in
any event be deemed to have been received (a) when delivered, if delivered
personally or by commercial delivery service, (b) one (1) business day after the
business day of deposit with FedEx or similar overnight courier for next day
delivery (or two (2) business days after such deposit if deposited for second
business day delivery), if delivered by such means, or (c) one (1) business day
after delivery by facsimile transmission with copy by U.S. Mail, if sent via
facsimile plus mail copy (with acknowledgment of complete transmission), to the
parties at the following addresses (or at such other address for a party as
shall be specified by like notice):

         If to Miller Industries, addressed to:

                           Miller Industries, Inc.
                           8503 Hilltop Drive
                           Ooltewah, Tennessee 37363
                           Attention:  A. Russell Chandler, III, Chairman
                                       of the Special Committee
                           Telephone:  (770) 988-9891
                           Facsimile No.: (404) 847-0552

         with a copy (which shall not constitute notice) to:

                           Kilpatrick Stockton LLP
                           1100 Peachtree Street
                           Suite 2800
                           Atlanta, Georgia 30309
                           Attention:  David A. Stockton, Esq.
                           Telephone No.: (404) 815-6444
                           Facsimile No.:  (404) 541-3402

                                       10
<PAGE>

         with a copy (which shall not constitute notice) to:

                           Nelson Mullins Riley & Scarborough, LLP
                           999 Peachtree Street, Suite 1400
                           1201 Peachtree Street
                           Atlanta, GA  30309
                           Attention:  Robert D. Pannell, Esq.
                           Telephone No.: (404) 817-6177
                           Facsimile No.:  (404) 817-6219

         If to Contrarian, addressed to:

                           Contrarian Funds, LLC
                           411 West Putnam Avenue
                           Suite 225
                           Greenwich, CT  06830
                           Attention:  Scott G. Kasen
                           Telephone:  (203) 862-8200
                           Facsimile No.: (203) 629-1977

         with a copy (which shall not constitute notice) to:

                           Kramer Levin Naftalis & Frankel LLP
                           919 Third Avenue
                           New York, New York 10022
                           Attention:  Monica C. Lord, Esq.
                           Telephone No.: (212) 715-9348
                           Facsimile No.: (212) 715-8348

         11.9 ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
among the parties with respect to the subject matter hereof and supersedes all
prior agreements and understandings, both written and oral, including the Miller
Industries, Inc. Binding Restructuring Agreement executed by Miller Industries,
Contrarian and Harbourside Investments, LLLP on December 24, 2003, among the
parties with respect to the subject matter hereof and is not intended to confer
upon any other person any rights or remedies hereunder.

         11.10 HEADINGS. The section headings and subheadings contained in this
Agreement are inserted for convenience only and shall not affect in any way the
meaning or interpretation of this Agreement.

         11.11 SEVERABILITY. If any provision of this Agreement is held or
declared by a court of competent jurisdiction to be illegal, invalid or
unenforceable under any present or future Law, and if the rights or obligations
of any party hereto under this Agreement will not be materially and adversely
affected thereby, (a) such provision will be fully severable, (b) this Agreement
will be construed and enforced as if such illegal, invalid or unenforceable
provision had never comprised a part hereof, (c) the remaining provisions of
this Agreement will remain in full force and effect and will not be affected by
the illegal, invalid or unenforceable provision or by its severance herefrom and
(d) in lieu of such illegal, invalid or unenforceable provision, there will

                                       11
<PAGE>

be added automatically as a part of this Agreement a legal, valid and
enforceable provision as similar in terms to such illegal, invalid or
unenforceable provision as may be possible.

         11.12 CERTAIN DEFINITIONS. Capitalized terms that are not defined in
other Sections of this Agreement shall have the following meanings:

                  "GOVERNMENTAL APPROVALS" shall mean any notices, reports,
         declarations or other filings to be made, or any Permits to be obtained
         from, any Governmental Authority;

                  "GOVERNMENTAL AUTHORITY" shall mean any supranational,
         national, federal, state, municipal, local or foreign government, any
         court, tribunal, arbitrator, administrative agency, commission or other
         governmental official, authority or instrumentality, in each case
         whether domestic or foreign, any stock exchange or similar
         self-regulatory organization or any quasi-governmental or private body
         exercising any regulatory, taxing or other governmental or
         quasi-governmental authority;

                  "LAW" shall mean all laws, statutes, constitutions and
         ordinances, and all regulations, rules and other pronouncements issued,
         enacted, adopted, promulgated, implemented or otherwise put into effect
         by or under the authority of any Governmental Authority having the
         effect of law of the United States, any foreign country, or any
         domestic or foreign state, province, commonwealth, city, country,
         municipality, territory, protectorate, possession or similar
         instrumentality, or any Governmental Authority thereof;

                  "LIEN" shall mean any pledge, lien, collateral assignment,
         security interest, deed of trust, mortgage, title retention device,
         collateral assignment, claim, license or other contractual restriction
         (including any restriction on the transfer of any asset, the receipt of
         income derived from any asset or on the possession, exercise or
         transfer of any other attribute of ownership of any asset), conditional
         sale or other security arrangement, or any charge, adverse claim of
         title, ownership or right to use or any other encumbrance of any kind
         whatsoever;

                  "ORDER" shall mean any order, writ, judgment, decree,
         injunction, ruling, directive or other requirement of any Governmental
         Authority (in each case, whether preliminary or final); and

                  "PERSON" shall mean any individual, a general or limited
         partnership, a corporation, a trust, a joint venture, an unincorporated
         organization, a limited liability entity, any other entity and any
         Governmental Authority.

                        [SIGNATURES FOLLOW ON NEXT PAGE]

                                       12
<PAGE>

         IN WITNESS WHEREOF, each of the parties hereto has executed this
Agreement as of the date and year first above written.

                                           MILLER INDUSTRIES:

                                           MILLER INDUSTRIES, INC.

                                           By: /s/ William G. Miller
                                              ------------------------
                                           Name:  William G. Miller
                                           Title:  Chairman and Co-Chief
                                                      Executive Officer

                                           CONTRARIAN:

                                           CONTRARIAN FUNDS, LLC

                                           By: /s/ Jon R. Bauer
                                              ----------------------------------
                                           Name:  Jon R. Bauer
                                                --------------------------------
                                           Title: Managing Member
                                                 -------------------------------

                                       13
<PAGE>

                                    EXHIBIT A
      AMENDMENT TO NOTE CREDIT AGREEMENT (INCLUDING FORM OF TRANCHE A NOTE)

                                       14

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