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<page> <page>96 Charles E. Bradley C/O Stanwich Partners, Inc. One Stamford Landing 62 Southfield Avenue Stamford, Connecticut 06902 June 18, 1996 Chatwins Group, Inc. 300 Weyman Plaza Suite 340 Pittsburgh, Pa 15236 Dear Sirs and Madams: Reference Is Made to the Promissory Note, Dated June 14, 1995 (The "Parkdale Note"), in the Original Principal Amount of $5,800,000 Issued by Chatwins Group, Inc. ("Cgi") to Parkdale Holdings Corporation, N.V. ("Parkdale"), the Allonge Dated September 14, 1995, Attached to the Parkdale Note and the Subsequent Transfer by Parkdale of All Its Right, Title and Interest to the Parkdale Note to Charles E. Bradley, Sr. ("Bradley"), and the Allonge Dated January 31, 1996. Bradley Agrees With Cgi to Amend the Parkdale Note as Follows: The Maturity Date Set Forth in Section 1 Thereof Shall Be Extended to December 31, 1996. the Other Terms of the Parkdale Note Shall Remain in Full Force and Effect and Shall Not Be Altered or Amended in Any Respect. the Parties Agree That to Effect the Foregoing an Allonge Executed by Cgi in the Form of Attachment a Hereto Shall Be Attached to and Become a Part of the Note. This Letter Agreement Shall Be Governed by and Construed in Accordance With the Laws of the State of New York Without Regard to the Application of Principles of Conflicts of Laws. Sincerely, Charles E. Bradley, Sr. Accepted and Agreed as of June 18, 1996. Chatwins Group, Inc. By: Name: Russell S. Carolus Title: Vice President <page> <page>97 Attachment a Third Allonge to Be Attached to Promissory Note Dated June 14, 1995 of Chatwins Group, Inc. 1. the "Maturity Date" Set Forth in Section 1 of the Attached Promissory Note Is Hereby Amended to Be December 31, 1996. Dated: June 18, 1996 Chatwins Group, Inc. By: Name: Russell S. Carolus Title: Vice President
