0001047469-03-007870 Sample Contracts

POLYMER GROUP, INC. and WACHOVIA BANK, N.A., as Warrant Agent SERIES A WARRANT AGREEMENT Dated as of March 5, 2003
Warrant Agreement • March 6th, 2003 • Polymer Group Inc • Broadwoven fabric mills, man made fiber & silk • Delaware

WARRANT AGREEMENT, dated as of March 5, 2003 (the "Warrant Agreement"), between Polymer Group, Inc., a Delaware corporation (the "Company"), and Wachovia Bank, N.A., as Warrant Agent (the "Warrant Agent").

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SHAREHOLDERS AGREEMENT
Shareholders Agreement • March 6th, 2003 • Polymer Group Inc • Broadwoven fabric mills, man made fiber & silk • New York

This Shareholders Agreement (this "Agreement") dated as of March 5, 2003 (the "Effective Date") is entered into by and among Polymer Group, Inc., a Delaware corporation (the "Company"), MatlinPatterson Global Opportunities Partners L.P., a Delaware limited partnership ("GOF"), Northeast Investors Trust, a Massachusetts business trust ("NIT"), One Group Income Bond Fund, a Massachusetts mutual fund ("One Group Income"), One Group High Yield Bond Fund, a Massachusetts mutual fund ("One Group High Yield"), Southern Ute Growth Fund, an Indian Tribal Fund ("Southern Ute Growth"), Southern Ute Permanent Fund, an Indian Tribal Fund (together with One Group Income, One Group High Yield and Southern Ute Growth, "Pacholder"), Atlantic Global Funding Ltd., a Cayman Islands company ("Atlantic"), CHYPS 1997-1 Ltd., a Cayman Islands company ("CHYPS 1997"), CHYPS 1999-1 Ltd., a Cayman Islands company (collectively with Atlantic and CHYPS 1997, "Delaware Investments") (NIT, Pacholder and Delaware Inve

POLYMER GROUP, INC. and WACHOVIA BANK, N.A., as Warrant Agent SERIES B WARRANT AGREEMENT Dated as of March 5, 2003
Warrant Agreement • March 6th, 2003 • Polymer Group Inc • Broadwoven fabric mills, man made fiber & silk • Delaware

WARRANT AGREEMENT, dated as of March 5, 2003 (the "Warrant Agreement"), between Polymer Group, Inc., a Delaware corporation (the "Company"), and Wachovia Bank, N.A., as Warrant Agent (the "Warrant Agent").

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