AMENDMENT NO. 1
AMENDMENT NO. 1 dated as of March 29, 2003, between POLYMER GROUP, INC. (the
"BORROWER"), each of the entities identified on the signature pages hereto under the caption
"GUARANTORS" (individually, a "GUARANTOR", and together with the Borrower, the "OBLIGORS") and
JPMORGAN CHASE BANK, as administrative agent for the Lenders (in such capacity, together with its
successors in such capacity, the "ADMINISTRATIVE AGENT").
The Borrowers, the Guarantors, certain lenders (the "LENDERS") and the Administrative Agent are party to a
Third Amended, Restated and Consolidated Credit Agreement dated as of March 5, 2003 (the "CREDIT
AGREEMENT") providing for the restructuring of the obligations of the Borrower in respect of the Existing
Loans (as defined in the Credit Agreement) and Existing Letters of Credit (as therein defined), and providing for
new revolving credit loans and other extensions of credit in an aggregate principal or face amount of up to U.S.
$50,000,000. The Obligors wish to amend the Credit Agreement in certain respects and, in that connection, the
Administrative Agent has been granted authority by the Majority Lenders (as defined in the Credit Agreement) to
execute and deliver this Amendment No. 1. Accordingly, the Obligors and the Administrative Agent on behalf of
the Majority Lenders hereby agree as follows:
Section 1. DEFINITIONS. Capitalized terms used but not otherwise defined herein have the meanings given to
them in the Credit Agreement.
Section 2. AMENDMENTS. Subject to the satisfaction of the conditions precedent specified in Section 4
below, but effective as of the date hereof, the Credit Agreement shall be amended as follows:
2.01. GENERAL. References in the Credit Agreement (including references to the Credit Agreement as
amended hereby) to "this Agreement" or words of similar import (including indirect references to the Credit
Agreement) shall be deemed to be references to the Credit Agreement as hereby amended.