Exhibit 10(n)
“*************” DENOTE MATERIAL THAT HAS BEEN OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT UNDER RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED.
Amendment No. 12 to Receivables Purchase Agreement
          This AMENDMENT NO. 12 TO RECEIVABLES PURCHASE AGREEMENT, dated as of
January 29, 2010 (this “Amendment Agreement”), is made by and among Hasbro
Receivables Funding, LLC (the “Seller”), CAFCO, LLC (“CAFCO”), Starbird Funding
Corporation (“Starbird”), Citibank, N.A. (“Citibank”), BNP Paribas acting
through its New York Branch (“BNP Paribas”), as a Bank and an Investor Agent
(each as defined in the Agreement) (as defined below), Citicorp North America,
Inc., as program agent (the “Program Agent”) for the Investors (as defined in
the Agreement) and the Banks and as an Investor Agent, and Hasbro, Inc., as
collection agent (the “Collection Agent”) and as an originator (the
“Originator”).
          Preliminary Statements. (1) The Seller, CAFCO, Starbird, Citibank, BNP
Paribas, the Program Agent, the Collection Agent, the Investor Agents and the
Originator are parties to a Receivables Purchase Agreement, dated as of
December 10, 2003, as amended as of August 27, 2004, as of November 18, 2004, as
of December 3, 2004, as of December 7, 2005, as of January 23, 2006, as of
May 17, 2006, as of December 6, 2006, as of December 18, 2006, as of December 5,
2007, as of December 3, 2008 and as of December 2, 2009 (as amended, the
“Agreement”; capitalized terms used herein and not otherwise defined herein
shall have the meanings attributed to them in the Agreement).
          (2) The Seller, CAFCO, Starbird, Citibank, BNP Paribas, the Program
Agent, the Collection Agent and the Originator wish to amend the Agreement.
          NOW, THEREFORE, the parties agree as follows:
          SECTION 1. Amendments to Agreement. Effective as of the date hereof in
accordance with Section 2 of this Amendment Agreement, the Agreement is amended
as follows:
a. Section 1.01 of the Agreement is amended as follows:
(i) The definition of “Accounting Based Consolidation Event” is hereby deleted
in its entirety.
(ii) The definition of “Applicable Margin” is amended by deleting the term
“****” in line two thereof and replacing it with the term “******”.
(iii) The definition of “Assignee Rate” is amended by deleting the term
“**********************” from the second and third lines from the end thereof
and replacing it with the term “*****************”.

 

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(iv) The definition of “Bank Commitment” is amended in its entirety to read as
follows:
     “‘Bank Commitment’ of any Bank means, (a) with respect to Citibank,
$125,000,000 or such amount as reduced or increased by any transfer under any
Assignment and Acceptance entered into among Citibank, another Bank, the
Investor Agent for Citibank and the Program Agent, (b) with respect to BNP
Paribas, $125,000,000 or such amount as reduced or increased by any transfer
under any Assignment and Acceptance entered into among BNP Paribas, another
Bank, the Investor Agent for BNP Paribas and the Program Agent or (c) with
respect to a Bank (other than Citibank or BNP Paribas) that has entered into an
Assignment and Acceptance, the amount set forth therein as such Bank’s Bank
Commitment, in each case as such amount may be reduced or increased by an
Assignment and Acceptance entered into among such Bank, an Eligible Assignee,
the Investor Agent for such Bank and the Program Agent, and as may be further
reduced (or terminated) pursuant to the next sentence. Any reduction (or
termination) of the Purchase Limit pursuant to the terms of this Agreement shall
reduce ratably (or terminate) each Bank’s Bank Commitment; provided that if the
Investors and Banks in any Group (the “Departing Group”) shall determine not to
extend the Commitment Termination Date or shall approve an extension of the
Commitment Termination Date based on a reduced Investor Purchase Limit for their
Group, then, if the Investors and the Banks in the other Groups shall
nonetheless determine to extend the Commitment Termination Date, effective from
such Commitment Termination Date, the Bank Commitment of each Bank in the
Departing Group shall be reduced (ratably, or as otherwise mutually agreed by
such Banks) or terminated.”
(v) The definition of “Commitment Termination Date” is amended by deleting the
date “January 29, 2010” in line one thereof and replacing it with the date
“January 28, 2011”.
(vi) The definition of “Concentration Limit” is amended in its entirety to read
as follows:
     “‘Concentration Limit’ for any Obligor means
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**************************************************************** (“Normal
Concentration Limit”), or such other higher percentage or dollar amount
(“Special Concentration Limit”) for such Obligor designated by the Program Agent
and each Investor Agent in a writing delivered to the Seller; provided that in
the case of an Obligor with any Affiliated Obligor, the Concentration Limit
shall be calculated as if such Obligor and such

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Affiliated Obligor are one Obligor; provided further, that the Program Agent or
any Investor Agent may for bona fide credit reasons reduce or cancel any Special
Concentration Limit for any Obligor upon three Business Days’ notice to the
Seller (with a copy to each of the other Agents). The foregoing notwithstanding,
but subject to the two provisos in the previous sentence, the Special
Concentration Limit
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******************************************** as the case may be, shall be the
applicable Concentration Limit determined pursuant to clauses (ii) through
(v) of the first sentence of this definition.”
(vii) The definition of “Dilution Percentage” is amended in its entirety to read
as follows:
     “‘Dilution Percentage’ means, as of any date, the product of (a) the sum of
(i) the product of (x) 2.5, multiplied by (y) the average of the Dilution Ratios
for each of the twelve most recently ended Fiscal Months, plus (ii) the Dilution
Volatility Ratio as at the last day of the most recently ended Fiscal Month,
multiplied by (b) the Dilution Horizon Factor as of such date.”
(viii) The definition of “Investor Purchase Limit” is amended in its entirety to
read as follows:
     “‘Investor Purchase Limit’ means (a) with respect to the Group consisting
of CAFCO and its Related Banks, $125,000,000, and (b) with respect to the Group
consisting of Starbird and its Related Banks, $125,000,000. Any reduction (or
termination) of the Purchase Limit pursuant to the terms of this Agreement shall
reduce ratably (or terminate) each Group’s Investor Purchase Limit; provided,
that if any Departing Group shall determine not to extend the Commitment
Termination Date or shall approve an extension of the Commitment Termination
Date based on a reduced Investor Purchase Limit for their Group, then, if the
Investors and Banks in the other Groups shall nonetheless determine to extend
the Commitment Termination Date, effective from such Commitment Termination
Date, the Investor Purchase Limit of the Departing Group shall be so reduced or
terminated.”
(ix) The definition of “Loss Percentage” is amended by (i) deleting the term
“two” in clause (a)(i) thereof and replacing it with the term “2.5” and
(ii) deleting the term “four” in clause (b) thereof and replacing it with the
term “five”.

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(x) The definition of “Net Receivables Pool Balance” is amended by deleting the
term “***************” in clause (iv)(B) thereof and replacing it with the term
“***************”.
(xi) The definition of “Purchase Limit” is amended in its entirety to read as
follows:
     “‘Purchase Limit’ means $250,000,000, as such amount may be reduced
pursuant to the immediately succeeding sentence or Section 2.01(b). In the event
that the Facility Termination Date shall occur solely under clause (d) of such
defined term, then on such Facility Termination Date the Purchase Limit shall be
reduced by the aggregate Bank Commitments of the Banks in the Group for which
such Facility Termination Date has occurred (as such Bank Commitments were in
effect immediately prior to such Facility Termination Date). References to the
unused portion of the Purchase Limit shall mean, at any time, the Purchase
Limit, as then reduced pursuant to Section 2.01(b), minus the then outstanding
Capital of Receivable Interests under this Agreement.”
          b. Section 2.08(a) of the Agreement is amended in its entirety to read
as follows:
“(a) If CNAI, any Investor, any Investor Agent, any Bank, any entity (including
any bank or other financial institution providing liquidity and/or credit
support to any Investor in connection with such Investor’s commercial paper
program) which purchases or enters into a commitment to purchase Receivable
Interests or interests therein, or any of their respective Affiliates (each an
“Affected Person”) determines that (i) due to any change in any law or
regulation or any guideline or request from any central bank or other
governmental authority (whether or not having the force of law), in each case
made or issued after the date of this Agreement, the amount of the capital
required or expected to be maintained by such Affected Person is or would be
affected and such Affected Person determines that the amount of such capital is
increased by or based upon the existence of any commitment to make purchases of
or otherwise maintain the investment in Pool Receivables or interests therein
related to this Agreement or to the funding thereof and other commitments of the
same type or (ii) due to compliance with any U.S. or international generally
accepted accounting principles promulgated after January 29, 2010 applicable to
such Affected Person (whether issued by the Financial Accounting Standards
Board, the International Accounting Standards Board or any other accounting or
governmental board or authority, whether foreign or domestic) there is a change
in the treatment of the facility evidenced by this Agreement and the other
Transaction Documents (whether or not relating to consolidation of assets and
liabilities of an Investor with those of an Affected Person) and as a result
thereof there is an increase in cost or a reduced return to such Affected
Person, then, upon demand by such Affected Person (with a copy to the Program
Agent and the Investor Agent for such Affected Person’s Group), the Seller shall
immediately pay to the Investor Agent for such Affected Person’s Group for the
account of such Affected Person

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(as a third-party beneficiary), from time to time as specified by such Affected
Person, additional amounts sufficient to compensate such Affected Person in the
light of such circumstances, in the case of clause (i), to the extent that such
Affected Person reasonably determines such increase in capital to be allocable
to the existence of any of such commitments, and in the case of clause (ii), to
the extent of any increased cost or reduced return resulting therefrom, as
reasonably determined by such Affected Person. A certificate as to such amounts
submitted to the Seller and the Program Agent and the Investor Agent for such
Affected Person’s Group by such Affected Person shall be conclusive and binding
for all purposes, absent manifest error.”
          SECTION 2. Effectiveness. This Amendment Agreement shall become
effective as of the date hereof at such time that executed counterparts of this
Amendment Agreement and a Fee Agreement replacing the current Fee Agreement
(each in form and substance satisfactory to each Investor Agent party hereto and
thereto) have been delivered by each party hereto to the other parties hereto;
and all fees payable on the date hereof under said Fee Agreement have been paid.
          SECTION 3. Representations and Warranties. Each of the Seller and the
Collection Agent represents and warrants that each of the representations and
warranties contained in Section 4.01 and Section 4.02, respectively, of the
Agreement (after giving effect to this Amendment Agreement) are correct in all
material respects on and as of the date of this Amendment Agreement as though
made on and as of such date.
          SECTION 4. Confirmation of Agreement. Each reference in the Agreement
to “this Agreement” or “the Agreement” shall mean the Agreement as amended by
this Amendment Agreement, and as hereafter amended or restated. Except as herein
expressly amended, the Agreement is ratified and confirmed in all respects and
shall remain in full force and effect in accordance with its terms.
          SECTION 5. Costs and Expenses. The Seller agrees to pay on demand all
reasonable costs and expenses in connection with the preparation, execution and
delivery of this Amendment Agreement and any other documents to be delivered
hereunder, including, without limitation, the reasonable fees and out-of-pocket
expenses of counsel for the Program Agent, the Investor Agents, the Investors
and the Banks with respect thereto.
          SECTION 6. GOVERNING LAW. THIS AMENDMENT AGREEMENT SHALL, IN
ACCORDANCE WITH SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF
NEW YORK, BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK WITHOUT REGARD TO ANY CONFLICT OF LAWS PRINCIPLES THEREOF THAT
WOULD CALL FOR THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION.
          SECTION 7. Execution in Counterparts. This Amendment Agreement may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which when taken

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together shall constitute one and the same agreement. Delivery of an executed
counterpart of a signature page to this Amendment Agreement by facsimile or by
email in portable document format (.pdf) shall be effective as delivery of a
manually executed counterpart of this Amendment Agreement.
          IN WITNESS WHEREOF, the parties have caused this Amendment Agreement
to be executed by their respective officers thereunto duly authorized, as of the
date first above written.

            HASBRO RECEIVABLES FUNDING, LLC,
     as the Seller
      By:   /s/ Martin R. Trueb         Name:   Martin R. Trueb        Title:  
Senior Vice-President, Treasurer     

            CAFCO, LLC, as an Investor
      By:   Citibank, N.A., as Attorney-in-Fact    

                          By:   /s/ Marina Donskaya             Name:   Marina
Donskaya            Title:   Vice President     

            STARBIRD FUNDING CORPORATION,
     as an Investor
      By:   /s/ Frank B. Bilotta         Name:   Frank B. Bilotta       
Title:   President     

            CITICORP NORTH AMERICA, INC.,
     as Program Agent and as an Investor Agent
      By:   /s/ Marina Donskaya         Name:   Marina Donskaya        Title:  
Vice President     

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            CITIBANK, N.A., as a Bank
      By:   /s/ Marina Donskaya         Name:   Marina Donskaya        Title:  
Vice President     

            BNP PARIBAS, NEW YORK BRANCH
     as a Bank and as an Investor Agent
      By:   /s/ Sean Reddington         Name:   Sean Reddington        Title:  
Managing Director   

                  By:   /s/ Philippe Mojon         Name:   Philippe Mojon       
Title:   Director     

            HASBRO, INC., as an Originator and as
     Collection Agent
      By:   /s/ Martin R. Trueb         Name:   Martin R. Trueb        Title:  
Senior Vice-President, Treasurer     

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