Exhibit 10.1
 Execution Copy
 CREDIT AGREEMENT
 Between
 R. G. Barry Corporation  as Borrower
 and
 The Huntington National Bank  As Lender
 Dated as of March 1, 2011




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TABLE OF CONTENTS
 PAGEARTICLE IDefinitions
    
    
    1Section 1.1. Definitions
    
    
    1Section 1.2. Classification of Loans and Advances
    
    
    13Section 1.3. Terms Generally
    
    
    13Section 1.4. Accounting Terms; Agreement Accounting Principles
    
    
    13Section 1.5. Termination of Existing Credit Agreement
    
    
    14ARTICLE IIThe Credits
    
    
    14Section 2.1. Commitments
    
    
    14Section 2.2. Termination of Commitments
    
    
    15Section 2.3. Fees
    
    
    15Section 2.4. Borrowing Notices
    
    
    16Section 2.5. Required Loan Payments
    
    
    16Section 2.6. Optional Principal Payments
    
    
    16Section 2.7. Interest Rates
    
    
    16Section 2.8. Rates Applicable After Default; Late Payment
    
    
    17Section 2.9. General Terms With Respect to Payment of Obligations
    
    
    17Section 2.10. Telephonic Notices
    
    
    18Section 2.11. Interest Payment Dates; Interest and Fee Basis
    
    
    18Section 2.12. Continuation and Continuation of Outstanding Advances
    
    
    18ARTICLE IIIYield Protection; Taxes
    
    
    19Section 3.1. Yield Protection
    
    
    19Section 3.2. Changes in Capital Adequacy Regulations
    
    
    19Section 3.3. Taxes
    
    
    20Section 3.4. Lender Statements; Survival of Indemnity
    
    
    20ARTICLE IVConditions Precedent
    
    
    21Section 4.1. Effective Date
    
    
    21Section 4.2. Each Loan
    
    
    21ARTICLE VRepresentations And Warranties
    
    
    22Section 5.1. Existence and Standing
    
    
    22Section 5.2. Authorization and Validity
    
    
    22Section 5.3. No Conflict; Government Consent
    
    
    23Section 5.4. Financial Statements
    
    
    23Section 5.5. Material Adverse Change
    
    
    23Section 5.6. Taxes
    
    
    23Section 5.7. Litigation and Contingent Obligations
    
    
    24Section 5.8. Subsidiaries
    
    
    24Section 5.9. ERISA
    
    
    24Section 5.10. Accuracy of Information
    
    
    24Section 5.11. Federal Reserve Regulations
    
    
    24Section 5.12. Material Contracts
    
    
    25Section 5.13. Compliance With Laws
    
    
    25Section 5.14. Ownership of Properties
    
    
    25Section 5.15. Intellectual Property
    
    
    26Section 5.16. Plan Assets; Prohibited Transactions
    
    
    26
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PAGESection 5.17. Environmental Matters
    
    
    26Section 5.18. Investment Company Act
    
    
    27Section 5.19. Public Utility Holding Company Act
    
    
    27Section 5.20. Post Retirement Benefits
    
    
    27Section 5.21. Solvency
    
    
    27Section 5.22. Labor Matters
    
    
    28Section 5.23. Customers and Suppliers
    
    
    28ARTICLE VICovenants
    
    
    28Section 6.1. Financial Reporting
    
    
    28Section 6.2. Use of Proceeds
    
    
    29Section 6.3. Notice of Certain Events
    
    
    30Section 6.4. Conduct of Business; Change in Senior Management
    
    
    30Section 6.5. Taxes
    
    
    30Section 6.6. Insurance
    
    
    30Section 6.7. Compliance with Laws
    
    
    30Section 6.8. Maintenance of Properties
    
    
    31Section 6.9. Books and Records; Inspection
    
    
    31Section 6.10. Dividends
    
    
    31Section 6.11. Indebtedness
    
    
    31Section 6.12. Merger
    
    
    32Section 6.13. Sale of Assets
    
    
    32Section 6.14. Performance of Material Contracts
    
    
    32Section 6.15. Investments and Acquisitions
    
    
    33Section 6.16. Liens
    
    
    33Section 6.17. Leases
    
    
    34Section 6.18. Affiliates
    
    
    34Section 6.19. Subordinated Indebtedness
    
    
    34Section 6.20. Sale of Accounts
    
    
    34Section 6.21. Sale and Leaseback Transactions and Other Off-Balance Sheet
Liabilities
    
    
    34Section 6.22. Contingent Obligations
    
    
    34Section 6.23. Letters of Credit
    
    
    35Section 6.24. Primary Depository
    
    
    35Section 6.25. Required Rate Management Transactions
    
    
    35Section 6.26. Clean Out Period
    
    
    35Section 6.27. Change in Principal Office
    
    
    35Section 6.28. Prepayments
    
    
    35Section 6.29. Organizational and Business Activities
    
    
    35Section 6.30. [Reserved]
    
    
    36Section 6.31. Financial Covenants
    
    
    36ARTICLE VIIDefaults, Acceleration, Remedies, and Waivers
    
    
    36Section 7.1. Defaults
    
    
    36Section 7.2. Acceleration; Remedies
    
    
    39Section 7.3. Preservation of Rights
    
    
    39Section 7.4. Setoff
    
    
    39ARTICLE VIIIGeneral Provisions
    
    
    40Section 8.1. Survival of Representations
    
    
    40Section 8.2. Governmental Regulation
    
    
    40
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PAGESection 8.3. Headings
    
    
    40Section 8.4. Entire Agreement
    
    
    40Section 8.5. Benefits of this Agreement
    
    
    40Section 8.6. Expenses; Indemnification
    
    
    40Section 8.7. Severability of Provisions
    
    
    41Section 8.8. Nonliability of the Lender
    
    
    41Section 8.9. Confidentiality
    
    
    41Section 8.10. Nonreliance
    
    
    42Section 8.11. Disclosure
    
    
    42Section 8.12. Amendments
    
    
    42Section 8.13. Notices
    
    
    42Section 8.14. Change of Address
    
    
    42Section 8.15. Counterparts
    
    
    43Section 8.16. Choice of Law
    
    
    43Section 8.17. Consent to Jurisdiction
    
    
    43Section 8.18. Assignments
    
    
    43Section 8.19. Participations
    
    
    43Section 8.20. Dissemination of Information
    
    
    44Section 8.21. Successors and Assigns
    
    
    44Section 8.22. WAIVER OF JURY TRIAL
    
    
    44Section 8.23. Interest Rate Limitation
    
    
    44Section 8.24. IMPORTANT INFORMATION ABOUT PROCEDURES REQUIRED BY THE
USA PATRIOT ACT
    
    
    45SCHEDULE 1 LITIGATION AND CONTINGENT OBLIGATIONSSCHEDULE 2 SUBSIDIARIES AND OTHER INVESTMENTSSCHEDULE 3 INDEBTEDNESS AND LIENSSCHEDULE 4 ADDRESSES OF REAL PROPERTY OWNED OR LEASED BY THE BORROWERSCHEDULE 5 UNFUNDED LIABILITIESSCHEDULE 6 INTELLECTUAL PROPERTY PROCEEDINGS OR INTERFERENCEEXHIBIT A CLOSING AGENDAEXHIBIT B FORM OF COMPLIANCE CERTIFICATEEXHIBIT C FORM OF REVOLVING CREDIT NOTEEXHIBIT D FORM OF TERM NOTE
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CREDIT AGREEMENT
  Background Information
  Provisions
  ARTICLE I  Definitions
  Acquisition
 Advance
 Affiliate
 Agreement




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Agreement Accounting Principles
 Article
 Authorized Officer
 Board
 Borrower
 Borrowing Date
 Borrowing Notice
 Business Da
 Capitalized Lease
 Capitalized Lease Obligations
 Cash Equivalent Investments
  2




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Change in Control
    Charges
 Charter Documents
 Class
 Closing Agenda Exhibit B
 Code
 Commitment
 Compliance Certificate Exhibit C
 Consolidated EBITDA plus minus
  3




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Consolidated Funded Indebtedness
 Consolidated Indebtedness
 Consolidated Interest Expense
 Consolidated Net Income
 Consolidated Net Worth
 Contingent Obligation
 Controlled Group
 Conversion/Continuation Notice
 Default
 Effective Date
  4




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Enterprise Value
 Environmental Laws
 ERISA
 Excluded Taxes
 Exhibit
 Facility LC
 Facility LC Application
 Facility LC Commitment provided that
 Facility LC Obligations
 Facility LC Reimbursement Obligations
  5




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Federal Funds Effective Rate
 Fixed Charge Coverage Ratio plus plus plus plus
 Funded Debt Leverage Ratio
 Indebtedness
 Intellectual Property
 Interest Period provided, however, provided, however,
  6




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Investment
 Lender
 Letter of Credit
 LIBO Base Rate
 LIBO Rate
 LIBO Rate Advance
  7




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LIBO Rate Loan
 Lien
 Loan Documents
 Loans
 Margin Stock
 Material Adverse Effect
 Material Contracts .
 Material Indebtedness
 Maximum Rate
 Minimum Required Cash Pension Contribution
 Moodys
 Multiemployer Plan
 Notes
  8




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Obligations
 Off-Balance Sheet Liability
 Operating Lease
 Other Taxes
 Outstanding Credit Exposure
 Outstanding Revolving Credit Exposure
 Participants
 PBGC
 Permitted Acquisition
      9




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Permitted Liens
 Person
 Plan
 Property
 Purchasers
 Rate Management Obligations
 Rate Management Transaction
 Regulation D
 Regulation T
  10




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Regulation U
 Regulation X
 Reportable Event
 Reserve Requirement
 Revolving Credit Commitment st th st st
 Revolving Credit Loans
 Revolving Credit Note Exhibit D
 Revolving Credit Termination Date
 S&P
 Sale and Leaseback Transaction
 Schedule
 Section
  11




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Single Employer Plan
 Subordinated Indebtedness
 Subsidiary
 Substantial Portion
 Taxes
 Term Commitment
 Term Loan
 Term Loan Payment Date
 Term Loan Termination Date
 Term Note Exhibit E.
 Transferee
  12




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Unfunded Liabilities
 Unmatured Default
 Unused Commitment Fee
 Wholly-Owned Subsidiary
  
      13




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ARTICLE II   The Credits
  Revolving Credit Commitment
 provided
that
 Facility LC Commitment.
   14




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Term Loan Commitment.
       Facility Fees
  Unused Commitment Fee.
   15




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Required Payments of the Term Loan.
  Required Payments of Revolving Credit Loans.
       16




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ARTICLE III  Yield Protection; Taxes
         19




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ARTICLE IV  Conditions Precedent
                21




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ARTICLE V  Representations And Warranties
       22




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Schedule 1 Schedule 1
  Schedule 2
  Schedule 5
      24




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Schedule 3
  Schedule 4
   25




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Schedule 6 Schedule 6
      26




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ARTICLE VI  Covenants
       28




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Schedule 3
   31




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Schedule 2
        Schedule 3
   33




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Fixed Charge Coverage Ratio
  Funded Debt Leverage Ratio.
  Consolidated Net Worth
  ARTICLE VII  Defaults, Acceleration, Remedies, and Waivers
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ARTICLE VIII  General Provisions
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BORROWER:

R. G. Barry Corporation,
an Ohio corporationBy:
    /s/ José G. IbarraJosé G. Ibarra, Chief Financial Officer jibarra@rgbarry.com  ascarberry@rgbarry.com
 LENDER:

The Huntington National Bank,
a national banking associationBy:
    /s/ Bud WardBud Ward, Senior Vice President bud.ward@huntington.com
 Signature Page to
Credit Agreement




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th th
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Exhibit A-1




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CLOSING AGENDA
 The Huntington National Bank
 $10,000,000 Revolving Loan
 and
 $30,000,000 Term Loan
 to
 R.G. Barry Corporation
 as of February 28, 2011
 Parties List
 HNB:
    
    The Huntington National BankAttention: Bud Ward, Senior Vice PresidentPhone: (614) 480-3412Fax: (614) 306-6423Email: bud.ward@huntington.comBorrower:
    
    R.G. Barry CorporationAttention:Phone:Fax:Email:SZD:
    
    Schottenstein, Zox & Dunn Co., L.P.A., counsel to HNBAttention: John D. Robinett                Laura L. HultPhone: (614) 462-2218                       (614) 462-1109Fax: (614) 222-3485                           (614) 222-3470Email: jrobinett@szd.com                  lhult@szd.comVSSP:
    
    Vorys, Sater, Seymour and Pease LLP, counsel to BorrowerAttention: Thomas O. RubyPhone: (614) 464-5698Fax: (614) 719-4934Email: toruby@vorys.com
  Exhibit A-2




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ResponsibleDocuments and Closing Items
    
    Party
    
    Status1 Credit Agreement
    
    SZD
    
    Finala Exhibit A Closing Agenda
    
    SZD
    
    Finalb Exhibit B Compliance Certificate
    
    SZD
    
    Finalc Exhibit C Form of Revolving Credit Note
    
    SZD
    
    Finald Exhibit D Form of Term Note
    
    SZD
    
    Finale Disclosure Schedules
    
    VSSP/Borrower
    
    Final2 Revolving Loan Note ($10,000,000)
    
    SZD
    
    Final3 Term Note ($30,000,000)
    
    SZD
    
    Final4 Due Diligence Questionnaire, together with requested items
    
    Form Prepared by
    
    ReceivedSZD; Borrower to complete5 Legal Opinion
    
    VSSP
    
    Draft 2/28 Approved6 Organizational Authority Documents (Borrower)a Secretary Certificate
    
    VSSP/Borrower
    
    Draft 2/25 Approvedb Certificate of Incorporation
    
    VSSP/Borrower
    
    Receivedc Code of Regulations
    
    VSSP/Borrower
    
    Receivedd Corporate Resolutions
    
    VSSP/Borrower
    
    Draft 2/25 Approvede Incumbency Certificate
    
    VSSP/Borrower
    
    Draft 2/25 Approvedf Good Standing Certificate
    
    VSSP/Borrower
    
    Received7 Drivers licenses
    
    Borrower
    
    Received8 EINs
    
    Borrower
    
    Received9 Certificates of Liability and Property Insurance
    
    Borrower
    
    Received10 Flow of Funds
    
    TBD11 Term Loan Fee and Revolving Credit Loan Fee
    
    Borrower
    
    To be paid12 Payment of HNB legal fees and out of pocket expenses
    
    Borrower
    
    To be paid13 Additional Items
    
    VSSP/Borrowers
    
    To be provided ifrequested by HNB
  Exhibit A-3




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Exhibit B-1




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R.G. BARRY CORPORATIONBy:
Name:
Title:
  Exhibit B-2




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R.G. BARRY CORPORATIONBy:
Name:
Title:
  Exhibit B-3




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$10,000,000.00
    
    March 1, 2011
      Exhibit C-1




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BORROWER:R. G. Barry Corporation,
an Ohio corporationBy:
Its:
  Exhibit C-2




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$30,000,000.00
    
    March 1, 2011
      Exhibit D-1




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BORROWER:R. G. Barry Corporation,

an Ohio corporationBy:Its:
  Exhibit D-2