Exhibit 10.7
Eighth Omnibus Amendment
This Eighth Omnibus Amendment, dated as of March 20, 2020 (the “Amendment”), is:
        (i) the First Amendment to Amended and Restated Loan and Servicing
Agreement entered into among Jarden Receivables, LLC (the “Borrower”); Newell
Brands Inc., as Servicer (the “Servicer”); PNC Bank, National Association
(“PNC”), as Administrative Agent (in such capacity, the “Administrative Agent”),
as an Issuing Lender, and as a Managing Agent; Royal Bank of Canada, as an
Issuing Lender and a Managing Agent; and each Managing Agent party hereto; and
        (ii) the Eighth Amendment to Receivables Contribution and Sale Agreement
entered into among the Borrower and the Originators party hereto (the
“Originators”).
W i t n e s s e t h :
Whereas, the Borrower, as borrower, the Servicer, the commercial paper conduits
from time to time party thereto, the financial institutions from time to time
party thereto as Committed Lenders, the financial institutions from time to time
party thereto as Managing Agents, the Issuing Lenders, the Administrative Agent,
and PNC Capital Markets, as Structuring Agent, have entered into that certain
Amended and Restated Loan and Servicing Agreement, dated as of October 2, 2019
(as amended, restated, supplemented or otherwise modified from time to time, the
“Loan Agreement”);
Whereas, the Borrower, as Buyer, and the Originators from time to time party
thereto have entered into that certain Receivables Contribution and Sale
Agreement, dated as of October 3, 2016 (as amended, restated, supplemented or
otherwise modified from time to time, the “Sale Agreement”);
Whereas, subject to the terms and conditions set forth herein, the parties
hereto have agreed to amend certain provisions of the Loan Agreement and the
Sale Agreement as described below; and
Now, Therefore, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto, intending to be legally
bound, agree as follows:
        Section 1.  Defined Terms. Unless otherwise amended by the terms of this
Amendment, terms used in this Amendment shall have the meanings assigned in the
Loan Agreement, and if not defined therein, in the Sale Agreement.
        Section 2. Amendments to the Loan Agreement. Subject to the satisfaction
of the conditions precedent set forth in Section 5 below, the Loan Agreement
shall be and hereby is amended as follows:
Eighth Omnibus Amendment (Jarden Receivables) 4838-8178-5270 v6.DOCX
4214326

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        (a) Section 1.01 of the Loan Agreement is amended to insert the
following new definitions in appropriate alphabetical order:
        “Eighth Omnibus Amendment Effective Date” means March 20, 2020.
        “Eighth Omnibus Amendment Excluded Receivables” means any Receivable
originated (either before or after the Eighth Omnibus Amendment Effective Date)
by Sunbeam Products, Inc., Graco Children’s Products Inc., Rubbermaid
Incorporated, Ignite USA, LLC, Rubbermaid Commercial Products LLC, Sanford, L.P.
or The Coleman Company, Inc. for which the Obligor is any of (a) The Home Depot,
Inc. or any of its affiliates, (b) Costco Wholesale Corporation or any of its
affiliates, or (c) solely with respect to The Coleman Company, Inc., (i) Walmart
Inc. or any of its affiliates, (ii) Sam’s West Inc. or any of its affiliates,
(iii) Sam’s East, Inc. or any of its affiliates, (iv) Target Corporation or any
of its affiliates, or (v) Amazon.com, Inc. or any of its affiliates.
        (b) Clause (iii) of the last sentence of Section 4.01(l) of the Loan
Agreement is amended and restated to read as follows:
        (iii) (A) for a period not to exceed nine (9) months after the Seventh
Omnibus Amendment Effective Date, collections of accounts receivable relating to
the Seventh Omnibus Amendment Excluded Receivables (which shall be
electronically swept or otherwise transferred out of such Deposit Account within
five (5) Business Days of being deposited therein) and (B) for a period not to
exceed nine (9) months after the Eighth Omnibus Amendment Effective Date,
collections of accounts receivable relating to the Eighth Omnibus Amendment
Excluded Receivables (which shall be electronically swept or otherwise
transferred out of such Deposit Account within five (5) Business Days of being
deposited therein); and
        (c) Clause (2)(iii) of the second sentence of Section 5.01(j) of the
Loan Agreement is amended and restated to read as follows:
        (iii)  (A) for a period not to exceed nine (9) months after the Seventh
Omnibus Amendment Effective Date, in the case of collections of accounts
receivable relating to the Seventh Omnibus Amendment Excluded Receivables,
within five (5) Business Days of being deposited therein and (B) for a period
not to exceed nine (9) months after the Eighth Omnibus Amendment Effective Date,
in the case of collections of accounts receivable relating to the
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Eighth Omnibus Amendment Excluded Receivables, within five (5) Business Days of
being deposited therein; and
        (d) Clause (iii) of the first sentence of Section 5.02(h) of the Loan
Agreement is amended and restated to read as follows:
        (iii) (A) for a period not to exceed nine (9) months after the Seventh
Omnibus Amendment Effective Date, collections of accounts receivable relating to
the Seventh Omnibus Amendment Excluded Receivables and (B) for a period not to
exceed nine (9) months after the Eighth Omnibus Amendment Effective Date,
collections of accounts receivable relating to the Eighth Omnibus Amendment
Excluded Receivables; and
        (e) Clause (ii) of the first sentence of Section 6.06 of the Loan
Agreement is amended and restated to read as follows:
        (ii) (A) for a period not to exceed nine (9) months after the Seventh
Omnibus Amendment Effective Date, in the case of collections of accounts
receivable relating to the Seventh Omnibus Amendment Excluded Receivables,
within five (5) Business Days of being deposited therein and (B) for a period
not to exceed nine (9) months after the Eighth Omnibus Amendment Effective Date,
in the case of collections of accounts receivable relating to the Eighth Omnibus
Amendment Excluded Receivables, within five (5) Business Days of being deposited
therein; and
        Section 3. Amendments to the Sale Agreement. Subject to the satisfaction
of the conditions precedent set forth in Section 5 below, the Sale Agreement
shall be and hereby is amended as follows:
        (a) The last sentence of Section 2.1(l) of the Sale Agreement is amended
and restated to read as follows:
No funds other than the proceeds of Receivables are deposited into any Deposit
Account except for:
        (i) amounts owing to Newell Puerto Rico, Ltd. (which shall be
electronically swept or otherwise transferred out of such Deposit Account within
four (4) Business Days of being identified as such in accordance with
Section 4.1(i));
        (ii) with respect to any accounts receivable relating to a Sold Business
Unit, for a period not to exceed the earliest of (A) the related number of
months agreed to by the applicable Business Sellers and the final purchaser of
such Sold Business Unit and (B)
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twenty-five (25) months after the consummation of the related Business Sale,
collections of accounts receivable relating to such Sold Business Unit (which,
in each case, shall be electronically swept or otherwise transferred out of such
Deposit Account no later than the earliest of (x) the related number of days
agreed to by the applicable Business Sellers and the final purchaser of such
Sold Business Unit by which Newell is required to transfer collections of
accounts receivable relating to such Sold Business Unit out of such Deposit
Account and (y) ten (10) Business Days of being deposited therein);
        (iii) (A) for a period not to exceed nine (9) months after the Seventh
Omnibus Amendment Effective Date, collections of accounts receivable relating to
the Seventh Omnibus Amendment Excluded Receivables (which shall be
electronically swept or otherwise transferred out of such Deposit Account within
five (5) Business Days of being deposited therein) and (B) for a period not to
exceed nine (9) months after the Eighth Omnibus Amendment Effective Date,
collections of accounts receivable relating to the Eighth Omnibus Amendment
Excluded Receivables (which shall be electronically swept or otherwise
transferred out of such Deposit Account within five (5) Business Days of being
deposited therein); and
        (iv) amounts deposited in any Deposit Account in error.
        (b) The second sentence of Section 4.1(i) of the Sale Agreement is
amended and restated to read as follows:
Such Originator will cause (1) all items from all LockBoxes of such Originator
to be processed and deposited into a Deposit Account of such Originator within
one (1) Business Day after such receipt or to be directly deposited by a Deposit
Account Bank into a Deposit Account of such Originator; (2) all amounts
deposited into any Deposit Account to be identified as either Collections or
non-Collections and all non-Collections, if any, to be identified:
        (i) in the case of amounts owing to Newell Puerto Rico, Ltd., within
four (4) days of receipt or deposit;
        (ii) in the case of collections of accounts receivable relating to a
Sold Business Unit and solely for a period not to exceed the earliest of (A) the
related number of months agreed to by the applicable Business Sellers and the
final purchaser of such Sold Business Unit and (B) twenty-five (25) months after
the consummation of the
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related Business Sale, no later than the earliest of (x) the related number of
days agreed to by the applicable Business Sellers and the final purchaser of
such Sold Business Unit by which Newell is required to transfer collections of
accounts receivable relating to such Sold Business Unit out of such Deposit
Account and (y) ten (10) Business Days of being deposited therein;
        (iii) (A) for a period not to exceed nine (9) months after the Seventh
Omnibus Amendment Effective Date, in the case of collections of accounts
receivable relating to the Seventh Omnibus Amendment Excluded Receivables,
within five (5) Business Days of being deposited therein and (B) for a period
not to exceed nine (9) months after the Eighth Omnibus Amendment Effective Date,
in the case of collections of accounts receivable relating to the Eighth Omnibus
Amendment Excluded Receivables, within five (5) Business Days of being deposited
therein; and
        (iv) in the case of all other amounts, within one (1) Business Day of
being deposited therein;
(3) all nonCollection amounts deposited to any Deposit Account of such
Originator to be electronically swept or otherwise transferred out of such
Deposit Account within one (1) Business Day of being identified as such; and (4)
each LockBox and Deposit Account of such Originator to be subject at all times
on and after the date hereof to a Blocked Account Agreement that is in full
force and effect.
        (c) The first sentence of Section 4.2(f) of the Sale Agreement is
amended and restated to read as follows:
Such Originator will not deposit or otherwise credit, or cause or permit to be
so deposited or credited, to any Deposit Account cash or cash proceeds other
than Collections, except for:
        (i) amounts owing to Newell Puerto Rico, Ltd. in an amount not to exceed
$2,000,000 in the aggregate in any calendar month;
        (ii) with respect to any accounts receivable relating to a Sold Business
Unit, for a period not to exceed the earliest of (x) the related number of
months agreed to by the applicable Business Sellers and the final purchaser
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of such Sold Business Unit by which collections of accounts receivable relating
to such Sold Business Unit shall no longer be deposited therein and (y)
twenty-five (25) months after the consummation of the related Business Sale,
collections of accounts receivable relating to such Sold Business Unit;
        (iii) (A) for a period not to exceed nine (9) months after the Seventh
Omnibus Amendment Effective Date, collections of accounts receivable relating to
the Seventh Omnibus Amendment Excluded Receivables (which shall be
electronically swept or otherwise transferred out of such Deposit Account within
five (5) Business Days of being deposited therein) and (B) for a period not to
exceed nine (9) months after the Eighth Omnibus Amendment Effective Date,
collections of accounts receivable relating to the Eighth Omnibus Amendment
Excluded Receivables (which shall be electronically swept or otherwise
transferred out of such Deposit Account within five (5) Business Days of being
deposited therein); and
        (iv) amounts deposited in the Collection Account in error.
        (e) Schedule D to the Sale Agreement shall be and hereby is amended and
restated in its entirety as set forth on Exhibit A attached hereto.
        Section 4. Consent to Sale of Designated Receivables. Pursuant to
Section 5.02(d) of the Loan Agreement, the Borrower shall not sell, assign (by
operation of law or otherwise) or otherwise dispose of, or grant any option with
respect to, or create or suffer to exist any Adverse Claim upon (including,
without limitation, the filing of any financing statement) or with respect to,
any Receivable, Related Security, Collections, Letter of Credit Collateral or
other Collateral or upon or with respect to any Contract under which any
Receivable arises (the “Sale Prohibition”). The Borrower has notified the
Administrative Agent and each of the Managing Agents that it intends to sell all
Eighth Omnibus Amendment Excluded Receivables to one or more of its Affiliates
(the “Designated Receivables Sale”). Notwithstanding the Sale Prohibition or any
provision of the Loan Agreement to the contrary, each of the Administrative
Agent and each Managing Agent hereby consents to the Designated Receivables Sale
so long as (i) such sale is for a purchase price at least equal to the
Outstanding Balance of the Eighth Omnibus Amendment Excluded Receivables, (ii)
such sale is made for cash; provided, however that any excess of the Outstanding
Balance of an Eighth Omnibus Amendment Excluded Receivable over the fair market
value with respect to such Eighth Omnibus Amendment Excluded Receivable shall be
deemed to decrease the amount outstanding under the applicable Subordinated
Note, (iii) such sale is without recourse to the Borrower, and (iv) such sale is
conducted on an arm’s length
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basis and on material terms no less favorable to the Borrower and the Secured
Parties than would be the case if the purchaser thereof was not an Affiliate of
the Borrower.
        Section 5. Conditions to Amendment. This Amendment shall become
effective and be deemed effective as of the date first written above (the
“Amendment Effective Date”) upon the satisfaction of the following conditions
precedent:
        (a) The Borrower, each Originator, the Servicer, the Administrative
Agent, the Issuing Lender and the Managing Agents party hereto shall have
executed and delivered this Amendment.
        (b) The Administrative Agent shall have received a duly executed
Reaffirmation, Consent and Acknowledgment of the Performance Undertaking in the
form attached hereto.
        (c) The Administrative Agent shall have received a duly executed
Reconveyance and Release Agreement (the “Reconveyance and Release Agreement”).
        (d) The Administrative Agent and each Managing Agent shall have received
an updated Monthly Report giving effect to this Amendment and the release of the
Released Assets as defined in the Reconveyance and Release Agreement.
        (e) The Administrative Agent shall have received such other agreements,
instruments, documents, certificates, and opinions as the Administrative Agent
may reasonably request.
        Section 6. Agreement in Full Force and Effect/Effectiveness of
Amendment. Except as expressly set forth herein, all terms and conditions of the
Loan Agreement and the Sale Agreement, as amended, shall remain in full force
and effect. Upon the effectiveness of this Amendment, (i) the Borrower and the
Servicer each hereby reaffirms all covenants, representations and warranties
made by it in the Loan Agreement and the Sale Agreement, as applicable, to the
extent the same are not amended hereby and agrees that all such covenants,
representations and warranties shall be deemed to have been remade as of the
Amendment Effective Date (except for those representations and warranties that
are expressly made only as of a different date, which representations and
warranties shall be correct as of the date made) and (ii) each reference in the
Loan Agreement or the Sale Agreement to “this Agreement,” “hereunder,” “hereof,”
“herein” or words of like import shall mean and be, and any references to such
agreement in any other document, instrument or agreement executed and/or
delivered in connection therewith shall mean and be, a reference to such
agreement as amended hereby.
        Section 7. Execution in Counterparts, Effectiveness. This Amendment may
be executed by the parties hereto in several counterparts, each of which shall
be executed by the parties hereto and be deemed an original and all of which
shall constitute together but one and the same agreement. Delivery of an
executed counterpart of a signature page of this Amendment by telecopy or other
electronic means shall be effective as delivery of a manually executed
counterpart of this Amendment.
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        Section 8. Governing Law. This Amendment shall be construed in
accordance with the laws of the State of New York, without reference to conflict
of law principles, and the obligations, rights and remedies of the parties
hereunder shall be determined in accordance with the laws of the State of New
York.
[Signature Pages To Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
and delivered by their duly authorized officers as of the date hereof.
Jarden Receivables, LLC
By: Sunbeam Products, Inc.
Its: Manager and Sole Member

By: /s/ Bradford R. Turner
Name: Bradford R. Turner
Title: Chief Legal and Administrative Officer and Corporate Secretary

Newell Brands Inc.,
as Servicer
By: /s/ Bradford R. Turner
Name: Bradford R. Turner
Title: Chief Legal and Administrative Officer and Corporate Secretary

SIGNATURE PAGE TO EIGHTH OMNIBUS AMENDMENT

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The Originators:
BRK Brands, Inc.
The Coleman Company, Inc.
Graco Children’s Products Inc.
Ignite USA, LLC
Marmot Mountain, LLC
Newell Brands Inc.
Rubbermaid Commercial Products LLC
Rubbermaid Incorporated
Sanford, L.P.
Sunbeam Products, Inc.
The Yankee Candle Company, Inc.

By: /s/ Bradford R. Turner
Name: Bradford R. Turner
Title: Chief Legal and Administrative Officer and Corporate Secretary

SIGNATURE PAGE TO EIGHTH OMNIBUS AMENDMENT

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PNC Bank, National Association,
as Administrative Agent, as an Issuing Lender
and as a Managing Agent
By: /s/ Christopher Blaney
        Name: Christopher Blaney
        Title: Senior Vice President

SIGNATURE PAGE TO EIGHTH OMNIBUS AMENDMENT

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Royal Bank Of Canada,
as an Issuing Lender and as a Managing Agent

By: /s/ Veronica L. Gallagher
Name: Veronica L. Gallagher
Title: Authorized Signatory

SIGNATURE PAGE TO EIGHTH OMNIBUS AMENDMENT

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Reaffirmation, Acknowledgement, And Consent Of Performance Guarantor
The undersigned, Newell Brands Inc., heretofore executed and delivered to the
Administrative Agent a Performance Undertaking dated October 3, 2016 (the
“Performance Undertaking”). The undersigned hereby acknowledges and consents to
the Eighth Omnibus Amendment dated as of the date hereof, and confirms that its
Performance Undertaking, and all obligations of the undersigned thereunder,
remains in full force and effect. The undersigned further agrees that the
consent of the undersigned to any other amendment or modification to the Loan
Agreement or the Sale Agreement or any of the Facility Documents referred to
therein (each as existing on the date hereof) shall not be required as a result
of this consent having been obtained. The undersigned acknowledges that the
Administrative Agent, the Issuing Lenders and the Managing Agents are relying on
the assurances provided herein in entering into the Amendment set forth above.
Dated as of March 20, 2020.
Newell Brands Inc.
By: /s/ Bradford R. Turner
Name: Bradford R. Turner
Title: Chief Legal and Administrative
Officer and Corporate Secretary

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Exhibit A to Eighth Omnibus Amendment

Schedule D

Excluded Receivables

        1. Any Receivable that was originated by The Yankee Candle Company, Inc.
for which the Obligor is Autozone, Inc., Advance Auto Parts, Inc., The Pep Boys
- Manny, Moe & Jack or O’Reilly Automotive Stores, Inc.
        2. Any Receivable for which the Obligor is Toys “R” Us, Inc. or any of
its affiliates
        3. Any Receivable that was originated by Sunbeam Products, Inc., Graco
Children’s Products Inc., Rubbermaid Incorporated, Ignite USA, LLC, Rubbermaid
Commercial Products LLC, Sanford, L.P., or The Coleman Company, Inc. for which
the Obligor is Walmart Inc. or any of its affiliates
        4. Any Receivable that was originated by Sunbeam Products, Inc., Graco
Children’s Products Inc., Rubbermaid Incorporated, Ignite USA, LLC, Rubbermaid
Commercial Products LLC, Sanford, L.P., or The Coleman Company, Inc. for which
the Obligor is Sam’s West Inc. or any of its affiliates
        5. Any Receivable that was originated by Sunbeam Products, Inc., Graco
Children’s Products Inc., Rubbermaid Incorporated, Ignite USA, LLC, Rubbermaid
Commercial Products LLC, Sanford, L.P., or The Coleman Company, Inc. for which
the Obligor is Sam’s East, Inc. or any of its affiliates
        6. Any Receivable that was originated by Sunbeam Products, Inc., Graco
Children’s Products Inc., Rubbermaid Incorporated, Ignite USA, LLC, Rubbermaid
Commercial Products LLC, Sanford, L.P., or The Coleman Company, Inc. for which
the Obligor is Target Corporation or any of its affiliates
        7. Any Receivable that was originated by Sunbeam Products, Inc., Graco
Children’s Products Inc., Rubbermaid Incorporated, Ignite USA, LLC, Rubbermaid
Commercial Products LLC, Sanford, L.P., or The Coleman Company, Inc. for which
the Obligor is Amazon.com, Inc. or any of its affiliates
        8. Any Receivable that was originated by Sunbeam Products, Inc., Graco
Children’s Products Inc., Rubbermaid Incorporated, Ignite USA, LLC, Rubbermaid
Commercial Products LLC, Sanford, L.P., or The Coleman Company, Inc. for which
the Obligor is The Home Depot, Inc. or any of its affiliates
        9. Any Receivable that was originated by Sunbeam Products, Inc., Graco
Children’s Products Inc., Rubbermaid Incorporated, Ignite USA, LLC, Rubbermaid
Commercial Products

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LLC, Sanford, L.P., or The Coleman Company, Inc. for which the Obligor is Costco
Wholesale Corporation or any of its affiliates

        Exhibit A - 2