Exhibit 10.5
INCREMENTAL COMMITMENT AGREEMENT
Wells Fargo Bank International
April 28, 2011
Toys “R” Us Europe LLC
One Geoffrey Way
Wayne, NJ 07470
Attention: Chief Financial Officer/ General Counsel
Phone: (973) 617-5820
Fax: (973) 617-4006

Deutsche Bank AG New York Branch
60 Wall Street
New York, New York 10005
Attention: Scottye Lindsey
Phone: +1 (212) 250-6115
Fax: +1 (646) 736-7095

Re: Incremental Commitment
Ladies and Gentlemen:
Reference is hereby made to the Syndicated Facility Agreement, dated as of
October 15, 2009 and amended and restated as of March 8, 2011, among Toys “R” Us
Europe, LLC (the “European Parent Guarantor”), TRU Australia Holdings, LLC (the
“Australian Parent Guarantor”), Toys “R” Us (UK) Limited (the “UK Holdco”), Toys
“R” Us Limited (“Toys UK” and together with the UK Holdco, the
“U.K. Borrowers”), Toys “R” Us (Australia) Pty Ltd (ABN 77 057 455 026), the
“Australian Borrower”), Toys “R” Us GmbH (the “German Borrower”), Toys “R” Us
SARL (the “French Borrower”), Toys “R” Us Iberia, SA (the “Spanish Borrower”
and, together with the U.K. Borrowers, Australian Borrower, German Borrower and
French Borrower, collectively, the “Borrowers”), the Lenders party thereto from
time to time, Deutsche Bank AG New York Branch, as Administrative Agent and
Security Agent, Deutsche Bank AG New York Branch and Bank of America, N.A., as
Co-Collateral Agents and the other Agents party thereto from time to time (as
further amended, restated, modified and/or supplemented from time to time, the
“Facility Agreement”). Unless otherwise defined herein, capitalized terms used
herein shall have the respective meanings set forth in the Facility Agreement.
The Incremental Lender party to this letter agreement (this “Agreement”) hereby
agrees to provide the Incremental Commitment set forth opposite its name on
Annex I attached hereto (the “Incremental Commitment”). The Incremental
Commitment provided pursuant to this Agreement shall be subject to all of the
terms and conditions set forth in the Facility Agreement, including, without
limitation, Sections 2.01 and 2.14 thereof.

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The Incremental Lender, the Borrowers, the Guarantors and the Administrative
Agent acknowledge and agree that the Incremental Commitment provided pursuant to
this Agreement shall constitute an Incremental Commitment on the Agreement
Effective Date (as defined below) shall constitute, or in the case of an
existing Lender, shall be added to (and thereafter become a part of), the Total
Commitment of the Incremental Lender for all purposes of the Facility Agreement
and the other applicable Credit Documents. The Incremental Lender, each
Guarantor, the Borrowers and the Administrative Agent further agree that, with
respect to the Incremental Commitment provided by the Incremental Lender
pursuant to this Agreement, the Incremental Lender shall receive from the
Borrowers such upfront fees and/or other fees, if any, as may be separately
agreed to in writing with the Borrowers, the Administrative Agent and
Incremental Lender, all of which fees shall be due and payable to the
Incremental Lender on the terms and conditions set forth in each such separate
agreement.
Furthermore, each of the parties to this Agreement hereby agrees to the terms
and conditions set forth on Annex I hereto in respect of the Incremental
Commitment provided pursuant to this Agreement.
The Incremental Lender party to this Agreement, to the extent not already a
party to the Facility Agreement as a Lender thereunder, (i) confirms that it is
an Eligible Transferee, (ii) confirms that it has received a copy of the
Facility Agreement and the other Credit Documents, together with copies of the
financial statements referred to therein and such other documents and
information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Agreement and to become a Lender under the Facility
Agreement, (iii) agrees that it will, independently and without reliance upon
the Administrative Agent or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under the Facility Agreement and
the other Credit Documents, (iv) appoints and authorizes the Administrative
Agent, the Security Agent, the Co-Collateral Agents and the Facility Agent to
take such action as agent or trustee (with respect to the Trustee Security
Documents), as the case may be, on its behalf and to exercise such powers under
the Facility Agreement and the other Credit Documents as are delegated to the
Administrative Agent, the Security Agent, the Co-Collateral Agents and the
Facility Agent, as the case may be, by the terms thereof, together with such
powers as are reasonably incidental thereto, (v) agrees that it will perform in
accordance with their terms all of the obligations which by the terms of the
Facility Agreement and the other Credit Documents are required to be performed
by it as a Lender, and (vi) in the case of the Incremental Lender organized
under the laws of a jurisdiction outside the United States, attaches the
appropriate forms referred to in Section 5.04 of the Facility Agreement, to the
extent required to be delivered by it on the date hereof. For the purposes of
Section 5.04 of the Facility Agreement, the Incremental Lender confirms that:
(i) its HMRC Treaty Passport number is 012/W/035/6771/DTTP and that it is tax
resident in Ireland, (ii) it is a Treaty Lender in respect of the U.K.
Borrowers, (iii) a Qualifying Lender (other than a Treaty Lender) in respect of
the French Borrower, (iv) a Qualifying Lender (other than a Treaty Lender) in
respect of the German Borrower, (v) a Qualifying Lender (other than a Treaty
Lender) in respect of the Spanish Borrower and (vi) a Qualifying Lender (other
than a Treaty Lender) in respect of the Australian Borrower.  The Incremental
Lender also confirms that it is not incorporated, domiciled, established or
acting through a Facility Office situated in a Non-Cooperative Jurisdiction.

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Upon the date of (i) the execution of a counterpart of this Agreement by the
Incremental Lender, the Administrative Agent, each Borrower and each Guarantor,
(ii) the delivery to the Administrative Agent of a fully executed counterpart
(including by way of facsimile or other electronic transmission) hereof, (iii)
the payment of any fees then due and payable in connection herewith or under any
other agreement between the Obligors and the Incremental Lender with respect to
the Incremental Lender's Incremental Commitment and (iv) the satisfaction of all
Incremental Commitment Requirements, all conditions set forth in Section 2.14
and any other conditions precedent set forth in Section 4 of Annex I hereto
(such date, the “Agreement Effective Date”), the Incremental Lender party hereto
(i) shall be obligated to make the Loans provided to be made by it as provided
in this Agreement on the terms, and subject to the conditions, set forth in the
Facility Agreement and in this Agreement and (ii) to the extent provided in this
Agreement, shall have the rights and obligations of a Lender thereunder and
under the other applicable Credit Documents.
The Obligors acknowledge and agree that (i) they shall be jointly and severally
liable for all Secured Obligations with respect to the Incremental Commitment
provided hereby as, and to the extent, provided in the Facility Agreement
including, without limitation, all Loans made pursuant thereto, (ii) all Secured
Obligations, including but not limited to the Secured Obligations with respect
to the Incremental Commitment provided hereby, shall be entitled to the benefits
of the Security Documents and the Guaranty, as, and to the extent, provided
therein and in the Facility Agreement, and (iii) the Liens created pursuant to
the Security Documents secure all of the Secured Obligations, including but not
limited to the Secured Obligations with respect to the Incremental Commitment
provided hereby, on an equal and ratable basis.
Each Guarantor acknowledges and agrees that all Secured Obligations with respect
to the Incremental Commitment provided hereby and all Loans made pursuant
thereto shall (i) be fully guaranteed pursuant to the Guaranty as, and to the
extent, provided therein and in the Facility Agreement and (ii) be entitled to
the benefits of the Credit Documents as, and to the extent, provided therein and
in the Facility Agreement.
Attached hereto as Annex II is the officers' certificate required to be
delivered pursuant to clause (vii) of the definition of “Incremental Commitment
Requirements” certifying that the conditions set forth in clauses (i), (ii) and
(vi) of the definition of “Incremental Commitment Requirements” have been
satisfied (together with calculations demonstrating same (where applicable) in
reasonable detail).
Attached hereto as Annex III are opinions from (i) White & Case LLP, special
England and Wales counsel to the Administrative Agent and (ii) Mallesons Stephen
Jaques, special Australian counsel to the Administrative Agent, delivered as
required pursuant to clause (iv) of the definition of “Incremental Commitment
Requirements” appearing in Section 1 of the Facility Agreement.
Attached hereto as Annex IV are true and correct copies of officers'
certificates, board of director (or equivalent) resolutions and evidence of good
standing of the Obligors required to be delivered pursuant to clause (v) of the
definition of “Incremental Commitment Requirements” appearing in Section 1 of
the Facility Agreement.
You may accept this Agreement by signing the enclosed copies in the space
provided below, and returning one copy of same to us before the close of
business on April 28, 2011. If you do not so accept this Agreement by such time,
our Incremental Commitments set forth in this Agreement shall be deemed
canceled.

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In accordance with the Facility Agreement, this Agreement is designated as a
Credit Document.
After the execution and delivery to the Administrative Agent of a fully executed
copy of this Agreement (including by way of counterparts and by facsimile or
other electronic transmission) by the parties hereto, this Agreement may only be
changed, modified or varied by written instrument in accordance with the
requirements for the modification of Credit Documents pursuant to Section 13.12
of the Facility Agreement.
In the event of any conflict between the terms of this Agreement and those of
the Facility Agreement, the terms of the Facility Agreement shall control.
* * *

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THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF
THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.
Very truly yours,
WELLS FARGO BANK INTERNATIONAL

By: /s/ Caroline J. Wharton
                 Name: Caroline J. Wharton
Title:SNR. Relationship Manager

By: /s/ John Harvey        
                 Name: John Harvey
Title: Chief Executive Officer,
Wells Fargo Bank

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Agreed and Accepted
this 28th day of April, 2011:
UK BORROWERS:
 
 
 
TOYS “R” Us (UK) LIMITED,
 
as a UK Borrower
 
 
 
 
 
 
 
By:/s/ Robert S. Zarra
 
Name: Robert S. Zarra
 
Title: Director
 
 
 
 
 
 
 
TOYS “R” US LIMITED,
 
as a UK Borrower
 
 
 
 
 
 
 
By:/s/ Robert S. Zarra
 
Name: Robert S. Zarra
 
Title: Director
 
 
 

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AUSTRALIAN BORROWER:
 
EXECUTED by TOYS “R” US (AUSTRALIA) PTY LTD in accordance with Section 127(1) of
the Corporations Act 2001 (Cwlth) by authority of its directors:
 
/s/Robert S. Zarra             /s/James R. Ferguson
Signature of director Signature of director/
                                           company secretary
 
Robert S. Zarra                       James R. Ferguson
Name of director Name of director/
                                                company secretary
 

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GERMAN BORROWER:
 
 
 
TOYS “R” US GMBH,
 
as the German Borrower
 
 
 
 
 
 
 
By: /s/ Robert S. Zarra
 
Name: Robert S. Zarra
 
Title: Managing Director
 

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FRENCH BORROWER:
 
TOYS “R” US SARL,
as the French Borrower
 
 
 
By: /s/ Robert S. Zarra
Name: Robert S. Zarra
Title: Attorney in fact

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SPANISH BORROWER:
 
 
 
TOYS “R” US IBERIA, S.A.,
 
as the Spanish Borrower
 
 
 
 
 
 
 
By: /s/ Robert S. Zarra
 
Name: Robert S. Zarra
 
Title: Director
 
 
 

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DEUTSCHE BANK AG NEW YORK BRANCH,
as Administrative Agent
By: /s/ Scottye Lindsey            
Name: Scottye Lindsey
Title: Director

By: /s/ Erin Morrissey                
Name: Erin Morrissey
Title: Director

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Consented to and Accepted:

DEUTSCHE BANK AG NEW YORK BRANCH,
as Fronting Lender and Issuing Lender

By: /s/ Scottye Lindsey            
Name: Scottye Lindsey
Title: Director

By: /s/ Erin Morrissey                
Name: Erin Morrissey
Title: Director

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BANK OF AMERICA, N.A.,
as Issuing Lender

By: /s/ Joseph Becker            
Name: Joseph Becker
Title: Managing Director

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Each Guarantor acknowledges and agrees to each the foregoing provisions of this
Incremental Commitment Agreement and to the incurrence of the Loans to be made
pursuant thereto.

UK GUARANTORS:

TOYS “R” US HOLDINGS LIMITED,
as a Guarantor
 
 
By: /s/ Robert S. Zarra
Name: Robert S. Zarra
Title: Director
 
TOYS “R” US PROPERTIES LIMITED,
as a Guarantor
 
 
By: /s/ Robert S. Zarra
Name: Robert S. Zarra
Title: Director
 
TOYS “R” US FINANCIAL SERVICES LIMITED,
as a Guarantor
 
 
 
By: /s/ Robert S. Zarra
Name: Robert S. Zarra
Title: Director

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AUSTRALIAN GUARANTOR:

EXECUTED by BABIES “R” US (AUSTRALIA)
PTY LTD in accordance with Section 127(1) of the
Corporations Act 2001 (Cwlth) by authority of its directors:
 
 
By: /s/ Robert S. Zarra By: /s/ James R. Ferguson
 
 
Robert S. Zarra                     James R. Ferguson
Name of director Name of director/
                                              company secretary

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EUROPEAN PARENT GUARANTOR:

TOYS “R” US EUROPE, LLC,
as the European Parent Guarantor

By: /s/ Adil Mistry
Name: Adil Mistry
Title: Director

AUSTRALIAN PARENT GUARANTOR:
 
TRU AUSTRALIA HOLDINGS, LLC,
as the Australian Parent Guarantor

By: /s/ Adil Mistry
Name: Adil Mistry
Title: Director

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BVI GUARANTOR:
 
TRU (BVI) Finance II, Ltd.
as the BVI Guarantor
 
By: /s/ Adil Mistry
Name: Adil Mistry
Title: Director

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ANNEX I
TERMS AND CONDITIONS FOR INCREMENTAL COMMITMENT AGREEMENT
Dated as of April 28, 2011
1.    Names of the Borrowers:    Toys “R” Us (UK) Limited, Toys “R” Us Limited,
Toys “R” Us (Australia) Pty Ltd (ABN 77 057 455 026), Toys “R” Us GmbH, Toys “R”
Us SARL, and Toys “R” Us Iberia, S.A.
2.    Incremental Commitment amounts (as of the Agreement Effective Date):
Name of Incremental Lender
Amount of Incremental Commitment
Wells Fargo Bank International
£10,000,000
Total:
£10,000,000

3.
Applicable Margins and Adjustable Applicable Margins to be applicable to all
Revolving Loans: As provided in the Facility Agreement.

4.
Agreement Effective Date: April 28, 2011.

5.
Other Conditions Precedent:

Representations and Warranties; No Defaults. Each Borrower and each Guarantor
represents and warrants to the Incremental Lender that the following statements
shall be true on the Agreement Effective Date: (i) the representations and
warranties contained in the Facility Agreement and in the other Credit Documents
are true and correct in all material respects with the same effect as though
such representations and warranties had been made on the date hereof, unless
stated to relate to a specific earlier date or period, in which case such
representations and warranties were true and correct in all material respects as
of such specific earlier date or period, and (ii) no Default or Event of Default
has occurred and is continuing.