Exhibit 10.2

AMENDMENT NO. 6 TO CREDIT AGREEMENT

                      This AMENDMENT NO. 6 TO CREDIT AGREEMENT (this
“Amendment”) is entered into as of April 27, 2006 by and among PLAYTEX PRODUCTS,
INC., a Delaware corporation (“Borrower”), the other Credit Parties signatory
hereto, GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (in its
individual capacity, “GE Capital”), for itself as a Lender and as Agent, and the
Requisite Lenders signatory hereto.  Unless otherwise specified herein,
capitalized terms used in this Amendment shall have the meanings ascribed to
them in Annex A to the Credit Agreement (as hereinafter defined), as amended
hereby.

R E C I T A L S:

                      WHEREAS, Borrower, the other Credit Parties, the Agent and
the Lenders entered into that certain Credit Agreement, dated as of February 19,
2004 (as amended, supplemented, restated or otherwise modified prior to the date
hereof, the “Credit Agreement”); and

                      WHEREAS, the parties to the Credit Agreement have agreed
to amend the Credit Agreement as set forth herein.

                      NOW, THEREFORE, in consideration of the premises contained
herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

          1          Amendments (Note Repurchases).  The Credit Agreement is
hereby amended as follows:

 

           (a)          Section 3.5 of the Credit Agreement is amended by
deleting the word “and” at the end of clause (d) thereof, by replacing the
period at the end of clause (e) thereof with the phrase “; and”, and by adding a
new clause (f) thereto, which shall read in its entirety as follows:

 

 

 

           “(f)         the Credit Parties may make Permitted Stock
Repurchases.”

 

 

 

           (b)          Section 5.11(b) of the Credit Agreement is amended by
amending and restating the first sentence thereof to read in its entirety as
follows:

 

“Borrower shall utilize the proceeds of the Loans solely for the Refinancing
(and to pay any related transaction expenses), for Permitted Note Repurchases,
for Permitted Stock Repurchasesand for the financing of Borrower’s and its
Subsidiaries’ ordinary working capital and general corporate needs.”

          2          Amendments to Annex A to the Credit Agreement.  Annex A to
the Credit Agreement is hereby amended by adding the following definition to
Annex A to the Credit Agreement in its appropriate alphabetical order:

 

“Permitted Stock Repurchases” means one or more repurchases, redemptions or
other retirements of Stock in Borrower (each, a “Stock Repurchase” and
collectively, the “Stock Repurchases”) as long as Borrower shall have delivered
to Agent (i) at least five (5) days but not more than ninety (90) days prior to
such Stock Repurchase, projections, in form and substance reasonably
satisfactory to Agent and taking into account all such Stock Repurchases and
related borrowings under this Agreement made or to be made during the 90-day
period commencing on the date of the delivery of such projections, which
demonstrate that Borrowing Availability shall be at least $15,000,000 at all
times during the 12-month period commencing on the date of the delivery of such
projections and (ii) on or prior to the date of each such Stock Repurchase, an
officer’s certificate certifying that no Default or Event of Default exists at
the time of each such Stock Repurchase (or would occur as a result thereof).

          3          Conditions to Effectiveness.  The amendments set forth in
this Amendment shall be effective on the date on which this Amendment shall have
been duly executed and delivered by the Borrower, each other Credit Party party
hereto, Agent and the Requisite Lenders.

          4          Representations and Warranties.  In order to induce the
Agent and the Lenders to enter into this Amendment, Borrower and each other
Credit Party represents and warrants to Agent and each Lender (which
representations and warranties shall survive the execution and delivery of this
Amendment), that:

 

           (a)          the execution, delivery and performance by each Credit
Party of this Amendment has been duly authorized by all necessary corporate
action and this Amendment is a legal, valid and binding obligation of such
Credit Party enforceable against such Credit Party in accordance with its terms;

 

 

 

           (b)          upon the effectiveness of this Amendment, all of the
representations and warranties contained in the Credit Agreement and in the
other Loan Documents (other than those which speak expressly only as of an
earlier date) are true and correct in all material respects on and as of the
date of the effectiveness of this Amendment after giving effect to this
Amendment and the transactions contemplated hereby;

 

 

 

           (c)          Neither the execution, delivery and performance of this
Amendment by each Credit Party nor the consummation of the transactions
contemplated hereby does or shall contravene, result in a breach of, or violate
(i) any provision of such Credit Party’s certificate or articles of
incorporation or bylaws, (iii) any law or regulation, or any order or decree of
any court or government instrumentality, or (iii) any indenture, mortgage, deed
of trust, lease, agreement or other instrument to which such Credit Party or any
of its Subsidiaries is a party or by which such Credit Party or any of its
Subsidiaries or any of their property is bound, except in any such case to the
extent such conflict or breach has been waived by a written waiver document, a
copy of which has been delivered to Agent on or before the date hereof or which
could not reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect; and

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           (d)          no Default or Event of Default exists or will result
after giving effect to this Amendment and the transactions contemplated hereby.

          5          Miscellaneous.

                      5.1          Effect; Ratification. 

 

           (a)          Except as specifically set forth above, the Credit
Agreement and the other Loan Documents shall remain in full force and effect and
are hereby ratified and confirmed.

 

 

 

           (b)          The execution, delivery and effectiveness of this
Amendment shall not operate as a waiver of any right, power or remedy of Agent
or any Lender under the Credit Agreement or any other Loan Document, nor
constitute amendment of any provision of the Credit Agreement or any other Loan
Document, except as specifically set forth herein.  Upon the effectiveness of
this Amendment, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof”, “herein” or words of similar import shall mean and be a
reference to the Credit Agreement as amended hereby.

 

 

 

           (c)          Each Credit Party acknowledges and agrees that the
amendments set forth herein are effective solely for the purposes set forth
herein and that the execution and delivery by Agent and Requisite Lenders of
this Amendment shall not be deemed (i) except as expressly provided in this
Amendment, to be a consent to any amendment, waiver or modification of any term
or condition of the Credit Agreement or of any other Loan Document, (ii) to
create a course of dealing or otherwise obligate Agent or Lenders to forbear,
waive, consent or execute similar amendments under the same or similar
circumstances in the future, or (iii) to amend, prejudice, relinquish or impair
any right of Agent or Lenders to receive any indemnity or similar payment from
any Person or entity as a result of any matter arising from or relating to this
Amendment.

                      5.2          Counterparts and Signatures by Fax.  This
Amendment may be executed in any number of counterparts, each such counterpart
constituting an original but all together one and the same instrument.  Any
party delivering an executed counterpart of this Amendment by fax shall also
deliver an original executed counterpart, but the failure to do so shall not
affect the validity, enforceability or binding effect of this Amendment.

                      5.3          Severability.  In case any provision in or
obligation under this Amendment shall be invalid, illegal or unenforceable in
any jurisdiction, the validity, legality and enforceability of the remaining
provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby.

                      5.4          Loan Document.  This Amendment shall
constitute a Loan Document.

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                      5.5          Costs And Expenses.  As provided in Section
1.3(e) of the Credit Agreement, Borrowers agree to reimburse Agent for all
reasonable and documented out-of-pocket fees, costs and expenses, including the
fees, costs and expenses of counsel or other advisors for advice, assistance, or
other representation in connection with this Amendment (it being understood and
agreed that the documentation of counsel’s fees and expenses may omit
information that such counsel reasonably deems privileged).

                      5.6          Reaffirmation.  Each of the Credit Parties
signatory hereto as Guarantor hereby acknowledges and reaffirms all of its
obligations and undertakings under each of the Loan Documents to which it is a
party and acknowledges and agrees that subsequent to, and after taking account
of the provisions of this Amendment, each such Loan Document is and shall remain
in full force and effect in accordance with the terms thereof.

                      5.7          GOVERNING LAW.  THIS AMENDMENT SHALL BE
GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL
LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES.

[Signature Pages Follow]

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                      IN WITNESS WHEREOF, the parties hereto have executed this
Amendment as of the date first above written.

 

PLAYTEX PRODUCTS, INC., a Delaware corporation, as Borrower

 

 

 

 

 

 

 

By:

/s/ JOHN J. MCCOLGAN

 

 

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Name: 

John J. McColgan

 

Title: 

VP–Corporate Controller

 

 

 

 

 

 

 

PLAYTEX SALES & SERVICES, INC., a Delaware corporation, as a Guarantor

 

 

 

 

 

 

 

By: 

/s/ JOHN J. MCCOLGAN

 

 

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Name: 

John J. McColgan

 

Title: 

VP Finance & Treasurer

 

 

 

 

 

 

 

PLAYTEX MANUFACTURING, INC., a Delaware corporation, as a Guarantor

 

 

 

 

 

 

 

By: 

/s/ JOHN J. MCCOLGAN

 

 

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Name: 

John J. McColgan

 

Title: 

Treasurer

 

 

 

 

 

 

 

PLAYTEX INVESTMENT CORP., a Delaware corporation, as a Guarantor

 

 

 

 

 

 

 

By: 

/s/ JOHN J. MCCOLGAN

 

 

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Name: 

John J. McColgan

 

Title: 

VP & Treasurer

 

 

 

 

 

 

 

PLAYTEX INTERNATIONAL CORP., a Delaware corporation, as a Guarantor

 

 

 

 

 

 

 

By: 

/s/ JOHN J. MCCOLGAN

 

 

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Name: 

John J. McColgan

 

Title: 

VP & Treasurer

[Signature Page to Amendment No.6 to Credit Agreement]

 

TH MARKETING CORP., a Delaware corporation, as a Guarantor

 

 

 

 

 

 

 

By: 

/s/ JOHN J. MCCOLGAN

 

 

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Name: 

John J. McColgan

 

Title: 

VP & Treasurer

 

 

 

 

 

 

 

SMILE-TOTE, INC., a California corporation, as a Guarantor

 

 

 

 

 

 

 

By: 

/s/ JOHN J. MCCOLGAN

 

 

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Name: 

John J. McColgan

 

Title: 

VP & Treasurer

 

 

 

 

 

 

 

SUN PHARMACEUTICALS CORP., a Delaware corporation, as a Guarantor

 

 

 

 

 

 

 

By: 

/s/ JOHN J. MCCOLGAN

 

 

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Name: 

John J. McColgan

 

Title: 

Treasurer & CFO

 

 

 

 

 

 

 

PERSONAL CARE GROUP, INC., a Delaware corporation, as a Guarantor

 

 

 

 

 

 

 

By: 

/s/ JOHN J. MCCOLGAN

 

 

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Name: 

John J. McColgan

 

Title: 

VP-Finance & Treasurer

 

 

 

 

 

 

 

PERSONAL CARE HOLDINGS, INC., a Delaware corporation, as a Guarantor

 

 

 

 

 

 

 

By: 

/s/ JOHN J. MCCOLGAN

 

 

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Name: 

John J. McColgan

 

Title: 

VP-Finance & Treasurer

 

 

 

 

 

 

 

CAREWELL INDUSTRIES, INC., a New York corporation, as a Guarantor

 

 

 

 

 

 

 

By: 

/s/ JOHN J. MCCOLGAN

 

 

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Name: 

John J. McColgan

 

Title: 

VP-Finance & Treasurer

[Signature Page to Amendment No.6 to Credit Agreement]

 

GENERAL ELECTRIC CAPITAL CORPORATION, as Agent and a Lender

 

 

 

 

 

 

 

 Name:

/s/ MAURA FITZGERALD

 

 

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Its Duly Authorized Signatory

[Signature Page to Amendment No.6 to Credit Agreement]