FLEETWOOD ENTERPRISES INC/DE/
EXHIBIT 10.2
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<BR></FONT><FONT SIZE=2><B>Exhibit 10.2    <BR>  </B></FONT></P>

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NAME="ki1405_form_of_third_amendment_to_cre__for02796"> </A>
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<BR></FONT><FONT SIZE=2><B>FORM OF<BR>  THIRD AMENDMENT TO<BR>  CREDIT AGREEMENT<BR>  AND CONSENT OF GUARANTORS    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This </FONT><FONT SIZE=2><B>THIRD AMENDMENT TO CREDIT AGREEMENT AND CONSENT OF GUARANTORS</B></FONT><FONT SIZE=2> (this
"</FONT><FONT SIZE=2><I>Amendment</I></FONT><FONT SIZE=2>") is dated as of December&nbsp;7, 2001, and entered into by and among </FONT><FONT SIZE=2><B>FLEETWOOD
ENTERPRISES,&nbsp;INC.</B></FONT><FONT SIZE=2> ("</FONT><FONT SIZE=2><I>Fleetwood</I></FONT><FONT SIZE=2>"), </FONT><FONT SIZE=2><B>FLEETWOOD HOLDINGS,&nbsp;INC.</B></FONT><FONT SIZE=2> and its
Subsidiaries listed on the signature pages hereof (collectively, "</FONT><FONT SIZE=2><I>FMC</I></FONT><FONT SIZE=2>"), </FONT><FONT SIZE=2><B>FLEETWOOD RETAIL,&nbsp;INC.</B></FONT><FONT SIZE=2>
and its Subsidiaries listed on the signature pages hereof (collectively, "</FONT><FONT SIZE=2><I>FRC</I></FONT><FONT SIZE=2>"), the banks and other financial institutions signatory hereto that are
parties as Lenders to the Credit Agreement referred to below (the "</FONT><FONT SIZE=2><I>Lenders</I></FONT><FONT SIZE=2>"), and </FONT><FONT SIZE=2><B>BANK OF AMERICA, N.A.</B></FONT><FONT SIZE=2>,
as administrative agent and collateral agent (in such capacity, the "</FONT><FONT SIZE=2><I>Agent</I></FONT><FONT SIZE=2>") for the Lenders. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Recitals  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Whereas,</I></FONT><FONT SIZE=2> Fleetwood, the Borrowers, the Lenders, and the Agent have entered into that certain Credit Agreement
dated as of July&nbsp;27, 2001, as amended by that certain First Amendment to Credit Agreement and Consent of Guarantors dated as of December&nbsp;4, 2001 and that certain Second Amendment to
Credit Agreement and Security Agreement and Consent of Guarantors dated as of December&nbsp;4, 2001(the "</FONT><FONT SIZE=2><I>Credit Agreement</I></FONT><FONT SIZE=2>"; capitalized terms used in
this Amendment without definition shall have the meanings given such terms in the Credit Agreement); and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Whereas,</I></FONT><FONT SIZE=2> the Borrowers have requested amendments to the Credit Agreement to modify certain covenants in connection with the Subordinated
Debt Exchange and the issuance of New Subordinated Debentures; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Whereas</I></FONT><FONT SIZE=2>, the Lenders and the Agent are willing to agree to the amendments requested by the Loan Parties, on the terms and conditions set
forth in this Amendment; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Now Therefore,</I></B></FONT><FONT SIZE=2> in consideration of the premises and the mutual agreements set forth herein, Fleetwood, the Borrowers, the Lenders, and the
Agent agree as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B>AMENDMENTS TO CREDIT AGREEMENT.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Subject to the conditions and upon the terms set
forth in this Amendment and in reliance on the representations and warranties of Fleetwood and the Borrowers set forth in this Amendment, the Credit Agreement is hereby amended as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Amendments to Annex A to Credit Agreement (Definitions).</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The
definitions of "</FONT><FONT SIZE=2><I>Fleetwood Trust</I></FONT><FONT SIZE=2>", "</FONT><FONT SIZE=2><I>Maximum PP&amp;E Loan Amount</I></FONT><FONT SIZE=2>" and "</FONT><FONT SIZE=2><I>New
Subordinated Debentures</I></FONT><FONT SIZE=2>" in </FONT><FONT SIZE=2><I>Annex&nbsp;A </I></FONT><FONT SIZE=2>of the Credit Agreement are amended to read as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><I>Fleetwood Trust</I></FONT><FONT SIZE=2>" means any or all (as the context requires) of Fleetwood Capital Trust, Fleetwood Capital Trust II and Fleetwood Capital
Trust III, each a business trust organized under the laws of the State of Delaware, whose sole assets consist of the Subordinated Debt. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><I>Maximum PP&amp;E Loan Amount</I></FONT><FONT SIZE=2>" means $30,000,000, reducing on the first day of each Fiscal Quarter commencing November&nbsp;1, 2001 by an
amount equal to $1,500,000, and as further reduced from time to time pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;3.4(b) </I></FONT><FONT SIZE=2>or </FONT><FONT SIZE=2><I>(g).  </I></FONT></P>

<P><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"New Subordinated Debentures</I></FONT><FONT SIZE=2>" means up to $155,000,000 in aggregate principal amount of unsecured, convertible subordinated debentures issued by Fleetwood
after
the effective date of the Second Amendment, in accordance with </FONT><FONT SIZE=2><I>Section&nbsp;7.29 (b)</I></FONT></P>

</UL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>1</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>Amendment to Section&nbsp;3.4.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Subsection (g)&nbsp;is renumbered as subsection
(h)&nbsp;and the following new subsection (g)&nbsp;is added: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"(g)
Immediately upon receipt by Fleetwood of the cash proceeds from issuance of any New Subordinated Debentures (the "Cash Proceeds"), Fleetwood shall contribute at least 50% of such
Cash Proceeds (after reserving $30,000,000 for expenses and taxes payable in connection with the Subordinated Debt Exchange) to the FMC Borrowers, who shall immediately apply (x)&nbsp;the lesser of
(i)&nbsp;50% of such aggregate amount (rounded up to the nearest $1,000,000) and (ii)&nbsp;$24,000,000 to prepay the Term Loans until paid in full, and (y)&nbsp;the balance to the Revolving
Loans. Cash Proceeds applied to the Revolving Loans shall not reduce the Revolving Credit Commitment, but the first $6,000,000 of such proceeds shall permanently reduce the Maximum PP&amp;E Loan Amount.
If the Subordinated Debt Exchange is not consummated by February&nbsp;28, 2002, then Fleetwood shall contribute to the FMC Borrowers an amount equal to 43% of the Cash Proceeds (less $10,000,000 for
expenses and less any amount contributed under the prior sentence) and the FMC Borrowers shall immediately apply (x)&nbsp;50% of such aggregate amount (rounded up to the nearest $1,000,000) to
prepay the Term Loans until paid in full, and (y)&nbsp;the balance to the Revolving Loans, but without reduction of the Revolving Credit Commitments. All prepayments of the Term Loans under this
subsection (g)&nbsp;shall be applied to the installments of the Term Loans in inverse order of maturity." </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>Amendment to Section&nbsp;7.29.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Section&nbsp;7.29  </I></FONT><FONT SIZE=2>is deleted in its entirety and
replaced with the following: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</FONT><FONT
SIZE=2><I>Subordinated Debt; Trust Securities</I></FONT><FONT SIZE=2>. (a)&nbsp;Fleetwood will not, and will not permit any of its Subsidiaries to, (i)&nbsp;make any
payments or prepayments with respect to the Subordinated Debt other than, so long as no Default or Event of Default has occurred and is continuing on the date of payment, both before and after giving
effect to such payment, and so long as Fleetwood has not elected to defer payment in accordance with the Subordinated Debentures, payments of interest when due under the terms of the Subordinated
Debentures (without acceleration) (</FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, that payments permitted under this clause&nbsp;(i) shall not duplicate payments made under </FONT> <FONT SIZE=2><I>Section&nbsp;7.10(a)(iii)</I></FONT><FONT
SIZE=2>) or (ii)&nbsp;amend, supplement or otherwise modify the terms of the Subordinated Debentures or any Guaranty thereof, or
the Trust Securities or any Guaranty thereof or add any Guaranty of any other Credit Party; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that, on or before February&nbsp;28, 2002,
Fleetwood and the Fleetwood Trust may exchange (such exchange, the
"</FONT><FONT SIZE=2><I>Subordinated Debt Exchange</I></FONT><FONT SIZE=2>") the Subordinated Debentures and the Trust Securities outstanding on the Closing Date for new Subordinated Debentures and
Trust Securities if, together with any New Subordinated Debentures issued on or prior to the date of consummation of the Subordinated Debt Exchange (i)&nbsp;the transactions are not materially cash
negative upon closing (taking into account taxes and transaction fees payable by Fleetwood on a pro forma basis), as determined by the Majority Lenders; (ii)&nbsp;the aggregate principal amount of
the Subordinated Debt does not exceed $437,500,000; (iii)&nbsp;the amount of the aggregate annual payments with respect to the Subordinated Debt does not exceed one hundred eighty-five
percent (185%) of the amount of the aggregate annual payments with respect to the Subordinated Debt on the Closing Date; (iv)&nbsp;the rate of interest for the Subordinated Debt does not exceed
twelve percent (12%); (v)&nbsp;the ability of Fleetwood to defer cash payments on the Subordinated Debentures and of Fleetwood Trust to defer cash dividends on the Trust Securities is no less
favorable (</FONT><FONT SIZE=2><I>provided </I></FONT><FONT SIZE=2>that the ability to make payments with the issuance of new securities shall be treated as deferral of cash payments for purposes of
this clause&nbsp;(v)) and the subordination terms of the Subordinated Debentures and the Guaranty of the Trust Securities are no less favorable to the Lenders, (vi)&nbsp;other than as approved by
the Majority Lenders in the August&nbsp;29, 2001 letter with respect to the </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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Subordinated Debt Exchange, all other terms and conditions of any Subordinated Debt and Trust Securities issued in the Subordinated Debt Exchange are acceptable to the Majority Lenders and
(vii)&nbsp;the cash proceeds of the Subordinated Debt Exchange and the New Subordinated Debenture are applied as provided in Section&nbsp;3.4(g) hereof." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"(b)
In addition to the Subordinated Debt Exchange, after the effective date of the Second Amendment, Fleetwood may issue New Subordinated Debentures if (i)&nbsp;the aggregate
principal amount of the Subordinated Debt does not exceed $437,500,000, (ii)&nbsp;the amount of the aggregate annual payments with respect to the Subordinated Debt, after giving effect to such
issuance, does not exceed one hundred eighty-five percent (185%) of the amount of the aggregate annual payments with respect to Subordinated Debt on the Closing Date; (iii)&nbsp;the rate
of interest for the New Subordinated Debentures does not exceed twelve percent (12%); (iv)&nbsp;the ability of Fleetwood to defer cash payments on the New Subordinated Debentures and of Fleetwood
Trust to defer payments on the Trust Securities is no less favorable than those contained in the Subordinated Debt on the Closing Date (</FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, that
the ability to make payments with the issuance of new securities shall be treated as deferral of cash payments for purposes of this clause&nbsp;(iv)) and the subordination terms of the New
Subordinated Debentures and any related Trust Securities are no less favorable to the Lenders than those contained in the Subordinated Debt on the Closing Date, (v)&nbsp;other than as approved by
the Majority Lenders in the August&nbsp;29, 2001 letter with respect to the Subordinated Debt Exchange, all other terms of such New Subordinated Debentures and any related Trust Securities are
acceptable to the Majority Lenders and (vi)&nbsp;the cash proceeds of the New Subordinated Debentures are applied as provided in Section&nbsp;3.4(g) hereof. Fleetwood will not, and will not permit
any of its Subsidiaries to, make any cash payments or prepayments with respect to the New Subordinated Debentures other than, so long as no Default or Event of Default has occurred and is continuing
on the date of payment, both before and after giving effect to such payment, and so long as Fleetwood has not elected to defer payment in accordance with the New Subordinated Debentures, payments of
interest when due under the terms of the New Subordinated Debentures (without acceleration); </FONT><FONT SIZE=2><I>provided </I></FONT><FONT SIZE=2>that payment under this sentence shall not
duplicate payments made under </FONT><FONT SIZE=2><I>Section&nbsp;7.10(a)(iii)</I></FONT><FONT SIZE=2>." </FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B>REPRESENTATIONS AND WARRANTIES OF FLEETWOOD AND THE BORROWERS.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;In order to induce the
Lenders and the Agent to enter into this Amendment, each of Fleetwood and each Borrower represents and warrants to each Lender, the Issuing Bank and the Agent that the following statements are true,
correct and complete: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>Power and Authority.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each of the Loan Parties has all corporate power and authority
to enter into this Amendment and, as applicable, the Consent of Guarantors attached hereto (the "Consent"), and to carry out the transactions contemplated by, and to perform its obligations under or
in respect of, the Credit Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>Corporate Action.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The execution and delivery of this Amendment and the Consent and
the performance of the obligations of each Loan Party under or in respect of the Credit Agreement as amended hereby have been duly authorized by all necessary corporate action on the part of each of
the Loan Parties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>No Conflict or Violation or Required Consent or Approval.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The execution and delivery
of this Amendment and the Consent and the performance of the obligations of each Credit Party under or in respect of the Credit Agreement as amended hereby do not and will not conflict with or violate
(a)&nbsp;any provision of the governing documents of any Loan Party or any of its Subsidiaries, (b)&nbsp;any Requirement of Law, (c)&nbsp;any order, judgment or decree of any court or other
governmental agency binding on any Loan Party or any of its Subsidiaries, or (d)&nbsp;any indenture, agreement or instrument to which any Loan Party or any of its Subsidiaries is a party or by which </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<P><FONT SIZE=2>
any Loan Party or any of its Subsidiaries, or any property of any of them, is bound, and do not and will not require any consent or approval of any Person. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>Execution, Delivery and Enforceability.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Amendment and the Consent have been
duly executed and delivered by each Loan Party which is a party thereto and are the legal, valid and binding obligations of such Loan Party, enforceable in accordance with their terms, except as
enforceability may be affected by applicable bankruptcy, insolvency, and similar proceedings affecting the rights of creditors generally, and general principles of equity. The Agent's Liens in the
Collateral continue to be valid, binding and enforceable first priority Liens which secure the Obligations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>No Default or Event of Default.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;No event has occurred and is continuing or will
result from the execution and delivery of this Amendment or the Consent that would constitute a Default or an Event of Default. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>No Material Adverse Effect.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;No event has occurred that has resulted, or could
reasonably be expected to result, in a Material Adverse Effect. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>Representations and Warranties.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each of the representations and warranties contained
in the Loan Documents is and will be true and correct in all material respects on and as of the date hereof and as of the effective date of this Amendment, except to the extent that such
representations and warranties specifically relate to an earlier date, in which case they were true, correct and complete in all material respects as of such earlier date. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B>CONDITIONS TO EFFECTIVENESS OF THIS AMENDMENT.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Amendment shall be effective only
if and when signed by, and when counterparts hereof shall have been delivered to the Agent (by hand delivery, mail or telecopy) by, Fleetwood, the Borrowers and Majority Lenders and only if and when
each of the following conditions is satisfied: </FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>Consent of Guarantors.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each of the Guarantors shall have executed and delivered to
the Agent the Consent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>No Default or Event of Default; Accuracy of Representations and Warranties.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;No
Default or Event of Default shall exist and each of the representations and warranties made by the Loan Parties herein and in or pursuant to the Loan Documents shall be true and correct in all
material respects as if made on and as of the date on which this Amendment becomes effective (except that any such representation or warranty that is expressly stated as being made only as of a
specified earlier date shall be true and
correct as of such earlier date), and the Borrowers shall have delivered to the Agent a certificate confirming such matters. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>Fees.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Borrower shall have paid to the Agent the fees payable for the pro rata
account of all Lenders as set forth in the fee letter of even date herewith. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B><I>Other Documents.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Agent shall have received such documents as the Agent may
reasonably request in connection with this Amendment. </FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B>EFFECT OF AMENDMENT; RATIFICATION.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Amendment is a Loan Document. From and after
the date on which this Amendment becomes effective, all references in the Loan Documents to the Credit Agreement shall mean the Credit Agreement as amended hereby. Except as expressly amended hereby
or waived herein, the Credit Agreement and the other Loan Documents, including the Liens granted thereunder, shall remain in full force and effect, and all terms and provisions thereof are hereby
ratified and confirmed. Each of Fleetwood and the Borrowers confirms that as amended hereby, each of the Loan Documents is in full force and effect, and that none of the Credit Parties has any
defenses, setoffs or counterclaims to its Obligations. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B>APPLICABLE LAW.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;THE VALIDITY, INTERPRETATIONS AND ENFORCEMENT OF THIS AMENDMENT AND
ANY DISPUTE ARISING OUT OF OR IN CONNECTION WITH THIS AMENDMENT, WHETHER SOUNDING IN CONTRACT, TORT, EQUITY OR OTHERWISE, SHALL BE GOVERNED BY THE INTERNAL LAWS AND DECISIONS OF THE STATE OF
CALIFORNIA; PROVIDED THAT THE AGENT AND THE LENDERS SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COMPLETE AGREEMENT.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Amendment sets forth the complete agreement of
the parties in respect of any amendment to any of the provisions of any Loan Document or any waiver thereof. The execution, delivery and effectiveness of this Amendment do not constitute a waiver of
any Default or Event of Default, amend or modify any provision of any Loan Document except as expressly set forth herein or constitute a course of dealing or any other basis for altering the
Obligations of any Loan Party. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CAPTIONS; COUNTERPARTS.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The catchlines and captions herein are intended
solely for convenience of reference and shall not be used to interpret or construe the provisions hereof. This Amendment may be executed by one or more of the parties to this Amendment on any number
of separate counterparts (including by telecopy), all of which taken together shall constitute but one and the same instrument. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>[signatures
follow; remainder of page intentionally left blank] </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

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<P><FONT SIZE=2><A
NAME="page_kk1405_1_1"> </A> </FONT> <FONT SIZE=2><B>IN WITNESS WHEREOF</B></FONT><FONT SIZE=2>, each of the undersigned has duly executed this Third Amendment to Credit Agreement and Security Agreement as of the date set forth
above. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><B>FMC BORROWERS</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="58%"><FONT SIZE=2><B>FLEETWOOD HOLDINGS INC.<BR>
FLEETWOOD HOMES OF ARIZONA, INC.<BR>
FLEETWOOD HOMES OF CALIFORNIA, INC.<BR>
FLEETWOOD HOMES OF FLORIDA, INC.<BR>
FLEETWOOD HOMES OF GEORGIA, INC.<BR>
FLEETWOOD HOMES OF IDAHO, INC.<BR>
FLEETWOOD HOMES OF INDIANA, INC.<BR>
FLEETWOOD HOMES OF KENTUCKY, INC.<BR>
FLEETWOOD HOMES OF NORTH CAROLINA, INC.<BR>
FLEETWOOD HOMES OF OREGON, INC.<BR>
FLEETWOOD HOMES OF PENNSYLVANIA, INC.<BR>
FLEETWOOD HOMES OF TENNESSEE, INC.<BR>
FLEETWOOD HOMES OF TEXAS, L.P.<BR> </B></FONT><FONT SIZE=2>By: </FONT><FONT SIZE=2><B>FLEETWOOD GENERAL PARTNER<BR>
OF TEXAS, INC., </B></FONT><FONT SIZE=2>its General Partner</FONT><FONT SIZE=2><B><BR>
FLEETWOOD HOMES OF VIRGINIA, INC.<BR>
FLEETWOOD HOMES OF WASHINGTON, INC.<BR>
FLEETWOOD MOTOR HOMES OF CALIFORNIA, INC.<BR>
FLEETWOOD MOTOR HOMES OF INDIANA, INC.<BR>
FLEETWOOD MOTOR HOMES OF PENNSYLVANIA, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF CALIFORNIA, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF INDIANA, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF KENTUCKY, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF MARYLAND, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF OHIO, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF OREGON, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF TEXAS, INC.<BR>
FLEETWOOD FOLDING TRAILERS, INC.<BR>
GOLD SHIELD, INC.<BR>
GOLD SHIELD OF INDIANA, INC.<BR>
HAUSER LAKE LUMBER OPERATION, INC.<BR>
CONTINENTAL LUMBER PRODUCTS, INC.<BR>
FLEETWOOD GENERAL PARTNER OF TEXAS, INC.<BR>
FLEETWOOD HOMES INVESTMENT, INC.</B></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="39%" ALIGN="CENTER"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>Boyd. R. Plowman</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>Senior Vice President and Chief Financial Officer</I></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>S-1</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=6,EFW="2084682",CP="FLEETWOOD ENTERPRISES, INC.",DN="3",CHK=992071,FOLIO='S-1',FILE='DISK009:[02MOC5.02MOC1405]KK1405A.;7',USER='JHILL',CD='17-JUL-2002;18:20' -->
<A NAME="page_kk1405_1_2"> </A>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><B>FRC BORROWERS</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="58%"><FONT SIZE=2><B>FLEETWOOD RETAIL CORP.<BR>
FLEETWOOD RETAIL CORP. OF CALIFORNIA<BR>
FLEETWOOD RETAIL CORP. OF IDAHO<BR>
FLEETWOOD RETAIL CORP. OF KENTUCKY<BR>
FLEETWOOD RETAIL CORP. OF MISSISSIPPI<BR>
FLEETWOOD RETAIL CORP. OF NORTH CAROLINA<BR>
FLEETWOOD RETAIL CORP. OF OREGON<BR>
FLEETWOOD RETAIL CORP. OF VIRGINIA</B></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="39%" ALIGN="CENTER"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>Boyd R. Plowman</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>Senior Vice President and Chief Financial Officer</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><BR><FONT SIZE=2><B>GUARANTOR</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><B><BR>
FLEETWOOD ENTERPRISES, INC., </B></FONT><FONT SIZE=2>as the Guarantor</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>Boyd R. Plowman</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>Senior Vice President and Chief Financial Officer</I></FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>S-2</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=2,SEQ=7,EFW="2084682",CP="FLEETWOOD ENTERPRISES, INC.",DN="3",CHK=61120,FOLIO='S-2',FILE='DISK009:[02MOC5.02MOC1405]KK1405A.;7',USER='JHILL',CD='17-JUL-2002;18:20' -->
<A NAME="page_kk1405_1_3"> </A>
<!-- end of table folio -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>BANK OF AMERICA, N.A., </B></FONT><FONT SIZE=2>as the Agent and a Lender</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>S-3</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=3,SEQ=8,EFW="2084682",CP="FLEETWOOD ENTERPRISES, INC.",DN="3",CHK=570362,FOLIO='S-3',FILE='DISK009:[02MOC5.02MOC1405]KK1405A.;7',USER='JHILL',CD='17-JUL-2002;18:20' -->
<A NAME="page_kk1405_1_4"> </A>
<!-- end of table folio -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><B>CITICORP USA, INC., </B></FONT><FONT SIZE=2>as a Lender</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>S-4</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=4,SEQ=9,EFW="2084682",CP="FLEETWOOD ENTERPRISES, INC.",DN="3",CHK=133810,FOLIO='S-4',FILE='DISK009:[02MOC5.02MOC1405]KK1405A.;7',USER='JHILL',CD='17-JUL-2002;18:20' -->
<A NAME="page_kk1405_1_5"> </A>
<!-- end of table folio -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><B>HELLER FINANCIAL, INC., </B></FONT><FONT SIZE=2>as a Lender</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>S-5</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=5,SEQ=10,EFW="2084682",CP="FLEETWOOD ENTERPRISES, INC.",DN="3",CHK=252130,FOLIO='S-5',FILE='DISK009:[02MOC5.02MOC1405]KK1405A.;7',USER='JHILL',CD='17-JUL-2002;18:20' -->
<A NAME="page_kk1405_1_6"> </A>
<!-- end of table folio -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><B>THE CIT GROUP/BUSINESS CREDIT, INC., </B></FONT><FONT SIZE=2>as a Lender</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>S-6</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=6,SEQ=11,EFW="2084682",CP="FLEETWOOD ENTERPRISES, INC.",DN="3",CHK=465318,FOLIO='S-6',FILE='DISK009:[02MOC5.02MOC1405]KK1405A.;7',USER='JHILL',CD='17-JUL-2002;18:20' -->
<A NAME="page_kk1405_1_7"> </A>
<!-- end of table folio -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><B>FOOTHILL CAPITAL CORPORATION, </B></FONT><FONT SIZE=2>as a Lender</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>S-7</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=7,SEQ=12,EFW="2084682",CP="FLEETWOOD ENTERPRISES, INC.",DN="3",CHK=236324,FOLIO='S-7',FILE='DISK009:[02MOC5.02MOC1405]KK1405A.;7',USER='JHILL',CD='17-JUL-2002;18:20' -->
<A NAME="page_kk1405_1_8"> </A>
<!-- end of table folio -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><B>GMAC COMMERCIAL CREDIT LLC, </B></FONT><FONT SIZE=2>as a Lender</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;</I></FONT><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>S-8</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=8,SEQ=13,EFW="2084682",CP="FLEETWOOD ENTERPRISES, INC.",DN="3",CHK=905906,FOLIO='S-8',FILE='DISK009:[02MOC5.02MOC1405]KK1405A.;7',USER='JHILL',CD='17-JUL-2002;18:20' -->
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_km1405_1_1"> </A> </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1405_consent_of_guarantors"> </A>
<A NAME="toc_km1405_1"> </A>
<BR></FONT><FONT SIZE=2><B>CONSENT OF GUARANTORS    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the undersigned is a Guarantor of the Obligations of the FMC Borrowers and/or FRC Borrowers under the Credit Agreement and hereby (a)&nbsp;consents to
the foregoing Amendment, (b)&nbsp;acknowledges that notwithstanding the execution and delivery of the foregoing Amendment, the obligations of each of the undersigned Guarantors are not impaired or
affected and the Guaranties continue in full force and effect, and (c)&nbsp;ratifies its Guaranty and each of the Loan Documents to which it is a party. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, each of the undersigned has executed and delivered this CONSENT OF GUARANTORS as of the&nbsp;&nbsp;&nbsp;&nbsp;day of December, 2001. </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><B>FMC BORROWERS</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="58%"><FONT SIZE=2><B>FLEETWOOD HOLDINGS INC.<BR>
FLEETWOOD HOMES OF ARIZONA, INC.<BR>
FLEETWOOD HOMES OF CALIFORNIA, INC.<BR>
FLEETWOOD HOMES OF FLORIDA, INC.<BR>
FLEETWOOD HOMES OF GEORGIA, INC.<BR>
FLEETWOOD HOMES OF IDAHO, INC.<BR>
FLEETWOOD HOMES OF INDIANA, INC.<BR>
FLEETWOOD HOMES OF KENTUCKY, INC.<BR>
FLEETWOOD HOMES OF NORTH CAROLINA, INC.<BR>
FLEETWOOD HOMES OF OREGON, INC.<BR>
FLEETWOOD HOMES OF PENNSYLVANIA, INC.<BR>
FLEETWOOD HOMES OF TENNESSEE, INC.<BR>
FLEETWOOD HOMES OF TEXAS, L.P.<BR> </B></FONT><FONT SIZE=2>By: </FONT><FONT SIZE=2><B>FLEETWOOD GENERAL PARTNER<BR>
OF TEXAS, INC., </B></FONT><FONT SIZE=2>its General Partner<BR></FONT> <FONT SIZE=2><B>FLEETWOOD HOMES OF VIRGINIA, INC.<BR>
FLEETWOOD HOMES OF WASHINGTON, INC.<BR>
FLEETWOOD MOTOR HOMES OF CALIFORNIA, INC.<BR>
FLEETWOOD MOTOR HOMES OF INDIANA, INC.<BR>
FLEETWOOD MOTOR HOMES OF PENNSYLVANIA, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF CALIFORNIA, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF INDIANA, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF KENTUCKY, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF MARYLAND, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF OHIO, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF OREGON, INC.<BR>
FLEETWOOD TRAVEL TRAILERS OF TEXAS, INC.<BR>
FLEETWOOD FOLDING TRAILERS, INC.<BR>
GOLD SHIELD, INC.<BR>
GOLD SHIELD OF INDIANA, INC.<BR>
HAUSER LAKE LUMBER OPERATION, INC.<BR>
CONTINENTAL LUMBER PRODUCTS, INC.<BR>
FLEETWOOD GENERAL PARTNER OF TEXAS, INC.<BR>
FLEETWOOD HOMES INVESTMENT, INC.</B></FONT></TD>
</TR>
</TABLE>
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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="39%" ALIGN="CENTER"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>Boyd R. Plowman</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>Senior Vice President and Chief Financial Officer</I></FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2>S-1</FONT></P>

<HR NOSHADE>
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<A NAME="page_km1405_1_2"> </A>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><B>FRC BORROWERS</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="58%"><FONT SIZE=2><B>FLEETWOOD RETAIL CORP.<BR>
FLEETWOOD RETAIL CORP. OF CALIFORNIA<BR>
FLEETWOOD RETAIL CORP. OF IDAHO<BR>
FLEETWOOD RETAIL CORP. OF KENTUCKY<BR>
FLEETWOOD RETAIL CORP. OF MISSISSIPPI<BR>
FLEETWOOD RETAIL CORP. OF NORTH CAROLINA<BR>
FLEETWOOD RETAIL CORP. OF OREGON<BR>
FLEETWOOD RETAIL CORP. OF VIRGINIA</B></FONT></TD>
</TR>
</TABLE>
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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="39%" ALIGN="CENTER"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>Boyd R. Plowman</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>Senior Vice President and Chief Financial Officer</I></FONT></TD>
</TR>
</TABLE>
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<TD WIDTH="40%"><BR><FONT SIZE=2><B>OTHER GUARANTORS</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="58%"><FONT SIZE=2><B><BR>
FLEETWOOD ENTERPRISES, INC.<BR>
FLEETWOOD CANADA LTD.<BR>
BUCKINGHAM DEVELOPMENT CO.<BR>
FLEETWOOD INTERNATIONAL INC.</B></FONT></TD>
</TR>
</TABLE>
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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="39%" ALIGN="CENTER"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>Boyd R. Plowman</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><I>Senior Vice President and Chief Financial Officer</I></FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2>S-2</FONT></P>

<HR NOSHADE>
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<BR>
<P><br><A NAME="02MOC1405_3">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_ki1405_1">Exhibit 10.2</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_ki1405_2">FORM OF THIRD AMENDMENT TO CREDIT AGREEMENT AND CONSENT OF GUARANTORS</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_km1405_1">CONSENT OF GUARANTORS</A></FONT><BR>
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