**Exhibit 10.55**

 

**JOINDER AGREEMENT AND SUPPLEMENT** 

**TO AMENDED AND RESTATED CREDIT AGREEMENT**

 

THIS JOINDER AGREEMENT AND SUPPLEMENT TO AMENDED AND RESTATED CREDIT            AGREEMENT (this “Agreement”) is made and entered into this 28th day of            January, 2008, by and among**REMINGTON ARMS COMPANY,            INC.**, a Delaware corporation and successor by merger to            RA Factors, Inc., a Delaware corporation (“Remington”), and**RA BRANDS, L.L.C.**, a Delaware limited            liability company (“Brands”), as the existing borrowers,**THE MARLIN FIREARMS COMPANY**, a Connecticut            corporation (“Marlin”), and**H&R 1871,            LLC**, a Connecticut limited liability company            (“H&R”; together with Marlin, individually a “New Borrower”            and collectively the “New Borrowers”)as the new            borrowers (Remington, Bran ds, Marlin and H&R hereafter referred to as            “Borrowers”, and each individually as a “Borrower”);**WACHOVIA BANK, NATIONAL ASSOCIATION**, a            national banking association with an office at 301 South College Street, Charlotte,            North Carolina 28288, in its capacity as administrative and collateral agent (together            with its successors in such capacity, “Agent”) for various financial            institutions (“Lenders”); and such Lenders.

             

**Recitals****:**

Agent, Lenders and Remington and Brands are parties to a certain Amended            and Restated Credit Agreement dated March 15, 2006, as amended by that certain First            Amendment to Amended and Restated Credit Agreement dated May 31, 2007, and that certain            Joinder Agreement, Second Amendment and Supplement to Amended and Restated Credit            Agreement dated November 13, 2007 (as at any time amended, restated, modified or            supplemented, the “Credit Agreement”), pursuant to which Agent and Lenders            have made certain revolving credit and term loans to Borrowers.

Borrowers have advised Agent and Lenders of the proposed acquisition by            Remington of the capital stock of Marlin pursuant to that certain Stock Purchase            Agreement, dated as of December 21, 2007, among Remington, Marlin, the shareholders of            Marlin identified on Schedule 1.1 thereto (collectively, the “Sellers”) and            Frank Kenna, III, in his capacity as the Shareholders’ Representative (which            agreement, together with any and all supplements, additions and amendments thereto, is            referred to as the “Purchase Agreement”)(such acquisition hereafter            referred to as the “Marlin Acquisition”).

A condition precedent to the Marlin Acquisition constituting a 2007            Permitted Acquisition under (and as defined in) the Credit Agreement is the New            Borrowers’execution and delivery of this Agreement.

Marlin, and its wholly-owned subsidiary, H&R, are executing this            Agreement to become parties to the Credit Agreement and in order to induce Agent and            Lenders to extend credit to Marlin and H&R and to continue to make available credit            to the other Borrowers under the Credit Agreement.

The parties now desire to join each of Marlin and H&R as a Borrower            and supplement the Credit Agreement as hereinafter set forth.

 

 

----

 

 

NOW, THEREFORE, for TEN DOLLARS ($10.00) in hand paid and other good and            valuable consideration, the receipt and sufficiency of which are hereby severally            acknowledged, the parties hereto, intending to be legally bound hereby, agree as            follows:

**1.**          **Definitions****.**All capitalized terms used in this Agreement, unless otherwise defined            herein, shall have the meanings ascribed to such terms in the Credit            Agreement.

**2.**          **Joinder of New Borrowers**. By their            signatures below, and subject to the satisfaction of the other 2007 Permitted            Acquisition Conditions, each New Borrower becomes a Borrower under the Credit Agreement            with the same force and effect as if originally named therein as a Borrower, and each            New Borrower hereby agrees to all the terms and provisions of the Credit Agreement            applicable to it as a Borrower thereunder.Each reference to            “Borrower” or “Borrowers” in the Credit Agreement shall be            deemed to include each New Borrower. Upon the effectiveness of the joinder of each New            Borrower to the Credit Agreement, each New Borrower shall be directly and primarily            liable as a Borrower for all of the Obligations now or hereafter owing under the Credit            Agreement and the other Credit Documents. The Obligations owing by each New Borrower            shall be evidenced by the Credit Agreement, the Notes and the other Credit Documents.            The parties hereto agree to execute and deliver such instruments, assignments or            documents as are necessary under Applicable Law to give effect to or carry out the            intent and purposes of the joinder of each New Borrower.

**3.**          **Joint and Several Liability; Borrowers’            Representative**. Each New Borrower acknowledges that it            has requested Agent and Lenders to extend financial accommodations to it and to the            other Borrowers in accordance with the provisions of the Credit Agreement, as hereby            amended. In accordance with the terms of the Credit Agreement, each New Borrower            acknowledges and agrees that it shall be jointly and severally liable for any and all            Loans and other Obligations heretofore or hereafter made by Agent and Lenders to any            New Borrower or any of the other Borrowers, and for all interest, fees and other            charges payable in connection therewith. Each New Borrower shall be liable for, on a            joint and several basis, the timely payment by the other Borrowers of, all of the Loans            and the other Obligations, regardless of which Borrower actually may have received the            proceeds of any Loans or other extensions of credit hereunder or the amount of such            Loans received or the manner in which Agent or any Lender accounts for such Loans            or other extensions of credit on its books and records, it being acknowledged and            agreed that Loans to one Borrower inure to the mutual benefit of all Borrowers and that            Agent and Lenders are relying on the joint and several liability of Borrowers in            extending the Loans and other financial accommodations under the Credit Agreement.            Each New Borrower hereby irrevocably appointsRemington, and            Remington agrees to act under the Credit Agreement as, the agent and representative of            itself and each New Borrower for all purposes under the Credit Agreement, including            requesting Borrowings, selecting whether any Loan or portion thereof is to bear            interest as a Base Rate Loan or a Euro-Dollar Loan, and receiving account statements            and other notices and communications to Borrowers (or either of them) from Agent. Agent            may rely, and shall be fully protected in relying, on any Notice of Borrowing, Notice            of Conversion/Continuation, disbursement instructions, reports, information, Borrowing            Base Certificate or any other notice or communication made or given by Remington,            whether in its own name, on behalf of any Borrower or on behalf of “the            Borrowers”.

**4.**         **Ratification and            Reaffirmation****.**Each Borrower            hereby ratifies and reaffirms the Obligations, each of the Credit Documents and all of            such Borrower's covenants, duties, indebtedness and liabilities under the Credit            Documents.

 

 

-2-

 

----

 

 

**5.**         **Acknowledgments and Stipulations.**Each Borrower acknowledges and stipulates that the Credit Agreement and            the other Credit Documents executed by such Borrower are legal, valid and binding            obligations of such Borrower that are enforceable against such Borrower in accordance            with the terms thereof, except as the enforceability thereof may be limited by laws            relating to Insolvency Proceedings or other similar laws of general application            affecting the enforcement of creditors’ rights generally or by general equitable            principles; all of the Obligations are owing and payable without defense, offset or            counterclaim (and to the extent there exists any such defense, offset or counterclaim            on the date hereof, the same is hereby waived by each Borrower); the Liens granted by            such Borrower in favor of Agent are first priority Liens, subject only to those            Permitted Liens which are expressly permitted by the terms of the Credit Documents to            have priority over the Liens of Agent; and, as of the close of business on January 25,            2007, the unpaid principal amount of the Revolver Loans totaled $0, the unpaid            principal amount of the Term Loan totaled $25,000,000, and the face amount of            outstanding Letters of Credit totaled $7,435,000.

**6.**         **Representations and            Warranties****.**Each Borrower            represents and warrants to Agent and Lenders, to induce Agent and Lenders to enter into            this Agreement, that (i) Marlin is a wholly-owned Subsidiary of Remington and is            engaged in substantially the same business as Remington and operates with Remington in            a joint and common enterprise; (ii) H&R is a wholly-owned Subsidiary of Marlin and            is engaged in substantially the same business as Remington and operates with Remington            in a joint and common enterprise; (iii) the Schedules attached to this Agreement            contain true, accurate and complete information with respect to each New Borrower and            the matters represented and warranted by each New Borrower pursuant to Section 9 of the            Credit Agreement and such Schedules shall be deemed to supplement and be a part of the            Schedules to the Credit Agreement; (iv) no Default or Event of Default exists on the            date hereof; (v) the execution, delivery and performance of this Agreement have been            duly authorized by all requisite corporate action on the part of such Borrower and this            Agreement has been duly executed and delivered by such Borrower; and (v) all of the            representations and warranties made by such Borrower in the Credit Agreement are true            and correct in all material respects on and as of the date hereof after giving effect            to this Agreement (except where such representations and warranties expressly relate to            an earlier date in which case such representations and warranties were true and correct            in all material respects as of such earlier date).

**7.**          **Reference to Credit            Agreement****.**Upon the            effectiveness of this Agreement, each reference in the Credit Agreement to “this            Agreement,” “hereunder,” or words of like import shall mean and be a            reference to the Credit Agreement, as amended by this Agreement.

**8.**          **Breach of Agreement****.**This Agreement shall be part of the Credit Agreement and a breach of any            representation, warranty or covenant herein shall constitute an Event of            Default.

**9.**          **Expenses of Agent and Lenders**.            Borrowers agree to pay,**on demand**,            all reasonable costs and expenses incurred by Agent and Lenders in connection with the            preparation, negotiation and execution of this Agreement and any other Credit Documents            executed pursuant hereto, including, without limitation, the reasonable costs and fees            of Agent's and Lenders’ legal counsel.

**10.**        **Effectiveness; Governing            Law****.**This Agreement shall be            effective upon execution and delivery by Borrowers and acceptance by Agent and the            Lenders (notice of which acceptance is hereby waived), whereupon the same shall be            governed by and construed in accordance with the

 

-3-

 

----

 

internal laws of the State of New York (without giving effect to the            conflict of laws principles thereof, other than Section 5-1401 of the New York General            Obligations Law).

**11**         **Successors and            Assigns****.**This Agreement            shall be binding upon and inure to the benefit of the parties hereto and their            respective successors and assigns.

**12.**        **No Novation, etc.**Except as            otherwise expressly provided in this Agreement, nothing herein shall be deemed to amend            or modify any provision of the Credit Agreement or any of the other Credit Documents,            each of which shall remain in full force and effect. This Agreement is not intended to            be, nor shall it be construed to create, a novation or accord and satisfaction, and the            Credit Agreement as herein modified shall continue in full force and effect.

**13.**        **Counterparts; Telecopied Signatures**.            This Agreement may be executed in any number of counterparts and by different parties            to this Agreement on separate counterparts, each of which, when so executed, shall be            deemed an original, but all such counterparts shall constitute one and the same            agreement. Any signature delivered by a party by facsimile transmission or by portable            document format by electronic mail shall be deemed to be an original signature            hereto.

**14.**        **Further Assurances**. Each Borrower            agrees to take such further actions as Agent shall reasonably request from time to time            in connection herewith to evidence or give effect to the amendments set forth herein or            any of the transactions contemplated hereby.

**15.**        **Section Titles**. Section titles and            references used in this Agreement shall be without substantive meaning or content of            any kind whatsoever and are not a part of the agreements among the parties            hereto.

**16.**        **Release of            Claims****.**To induce Agent and            Lenders to enter into this Agreement, each Borrower hereby releases, acquits and            forever discharges Agent and Lenders, and all officers, directors, agents, employees,            successors and assigns of Agent and Lenders, from any and all liabilities, claims,            demands, actions or causes of action of any kind or nature (if there be any), whether            absolute or contingent, disputed or undisputed, at law or in equity, that are known to            such Borrower as of the date of this Agreement, or that such Borrower should have            reasonably known, arising under or in connection with any of the Credit Documents. Each            Borrower represents and warrants to Lender that such Borrower has not transferred or            assigned to any Person any claim that such Borrower ever had or claimed to have against            Agent or any Lender.

**17.**        **Waiver of Jury Trial****.****To the fullest extent permitted by applicable law, the parties hereto            each hereby waives the right to trial by jury in any action, suit, counterclaim or            proceeding arising out of or related to this            Agreement**.

[Signatures begin on next page]

 

-4-

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be            duly executed under seal and delivered by their respective duly authorized officers on            the date first written above.

EXISTING BORROWERS:

             

**REMINGTON ARMS COMPANY , INC.**

 

| By:            /s/                        Stephen P. Jackson, Jr.                                         Name:      Stephen P.                        Jackson,                        Jr.                                                                          Title:        CFO,                        Treasurer,                        Secretary                                               |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

Address:

870 Remington Drive

Madison, North Carolina 27025

Attention: President

Telecopier No.: (336) 548-7801

             

**RA BRANDS, L.L.C.**

 

| By:            /s/                        Stephen P. Jackson, Jr.                                         Name:      Stephen P.                        Jackson,                        Jr.                                                                          Title:        CFO,                        Treasurer,                        Secretary                                               |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

Address:

870 Remington Drive

Madison, North Carolina 27025

Attention: President

Telecopier No.: (336) 548-7801

             

NEW BORROWERS:

             

**THE MARLIN FIREARMS COMPANY**

 

| By:            /s/                        Stephen P. Jackson, Jr.                                         Name:      Stephen P.                        Jackson,                        Jr.                                                                          Title:        V.P.,                        Secretary,                        Treasurer                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             

Address:

The Marlin Firearms Company

c/o Remington Arms Company, Inc.

870 Remington Drive

Madison, North Carolina 27025

Attention: Chief Financial Officer

Telecopier No.: (336) 548-7801

 

Joinder            Agreement (Remington)

 

----

 

 

             

**H&R 1871, LLC**

 

| By:            /s/                        Stephen P. Jackson, Jr.                                         Name:      Stephen P.                        Jackson,                        Jr.                                                                          Title:        V.P.,                        Secretary,                        Treasurer                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

Address:

H&R 1871, LLC

c/o Remington Arms Company, Inc.

870 Remington Drive

Madison, North Carolina 27025

Attention: Chief Financial Officer

Telecopier No.: (336) 548-7801

             

 

 

Joinder            Agreement (Remington)

 

----

 

 

AGENT:

 

**WACHOVIA BANK, NATIONAL**

**ASSOCIATION**, as Agent

 

| By:           /s/                        Bruce                        Rhodes                                                                                                                                                                                                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Name:    Bruce                        Rhodes                                 Title:      Director                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  |  |  |

 

 

| LENDERS: |
|----------|

 

**WACHOVIA BANK, NATIONAL**

**ASSOCIATION**

 

| By:           /s/                        Bruce                        Rhodes                                                                                                                                                                                                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Name:    Bruce                        Rhodes                                 Title:      Director                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  |  |  |

 

| **BANK OF AMERICA, N.A.** |
|---------------------------|

 

| By:          /s/                        Lawrence P.                        Garni                                                                                                                                                                                                                                          |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Name:    Lawrence P.                        Garni                         Title:      Sr. Vice                        President                           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  |  |  |

 

             

**NATIONAL CITY BUSINESS**

**CREDIT, INC.**

 

| By:          /s/                        Tom                        Buda                                                                                                                                                                                                                                                                       |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Name:    Tom                        Buda                                      Title:      Vice                        President                                |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |  |  |

 

             

 

Joinder            Agreement (Remington)

 

----

 

 

**CONSENT AND REAFFIRMATION**

**(PLEDGOR)**

 

The undersigned pledgor of the Equity Interests of Borrowers securing            the Obligations at any time owing to Agent and Lenders hereby (i) acknowledges receipt            of a copy of the foregoing Joinder Agreement and Supplement to Amended and Restated            Credit Agreement; (ii) consents to Borrowers’ execution and delivery thereof; and            (iii) affirms that nothing contained therein shall modify in any respect whatsoever its            pledge securing the Obligations and reaffirms that such pledge is and shall remain in            full force and effect.

IN WITNESS WHEREOF, the undersigned has executed this Consent and            Reaffirmation as of the date of such Joinder Agreement and Supplement to Amended and            Restated Credit Agreement.

             

**RACI HOLDING, INC.**

| By:            /s/                        Stephen P. Jackson, Jr.                                         Name:      Stephen P.                        Jackson,                        Jr.                                                                          Title:        CFO,                        Treasurer,                        Secretary                                               |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

----

 

 

SUPPLEMENTS TO SCHEDULES

FOR            MARLIN AND H&R TO BE ATTACHED BY BORROWERS

 

| Schedule 8.1.1 | Business Locations |
|----------------|--------------------|

| Schedule 9.1.1 | Jurisdictions in Which Each Borrower and Each Subsidiary Is                        Authorized to Do Business |
|----------------|--------------------------------------------------------------------------------------------------------------|

| Schedule 9.1.4   | Capital Structure                                                                                          |   |
|------------------|------------------------------------------------------------------------------------------------------------|--------|
| Schedule 9.1.5   | Corporate Names                                                                                            |   |
| Schedule 9.1.9   | Financial Statements                                                                                       |   |
| Schedule 9.1.12  | Surety Obligations                                                                                         |   |
| Schedule 9.1.13  | Tax Identification Numbers of Borrowers and                        Subsidiaries                            |   |
| Schedule 9.1.18  | Contracts Restricting Borrowers’ and                        Subsidiaries’ Right to Incur Debts |
| Schedule 9.1.19  | Litigation                                                                                                 |   |
| Schedule 9.1.21  | Capitalized and Operating Leases                                                                           |   |
| Schedule 9.1.22  | Pension Plans                                                                                              |   |
| Schedule 9.1.24  | Collective Bargaining Agreements; Labor                        Controversies                               |   |
| Schedule 9.1.27  | Investments                                                                                                |   |
| Schedule 9.1.28  | Bank Accounts                                                                                              |   |
| Schedule 9.1.30  | Environmental Matters                                                                                      |   |
| Schedule 10.2.5  | Permitted Liens                                                                                            |   |
| Schedule 10.2.21 | Hedging Agreements                                                                                         |   |
|                  |                                                                                                            |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

 

 

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**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 8.1.1**

 

**BUSINESS LOCATIONS**

 

| The Marlin Firearms Company | 100 Kenna Drive

North Haven, Connecticut 06473

                         

126 Bailey Road

North Haven, Connecticut

                         

140 Elm Street

North Haven, Connecticut

                         

                          |
|-----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| H&R 1871, LLC           | 60 Industrial Rowe

Gardner, Massachusetts 01440

                         

*Green Mountain Rifle Barrel                        Co1

                         

*QiQihar Hawk, China2

                                                              |

 

 

* The            two locations are processing sites where raw materials are shipped for further            processing

 

_________________________

1 ***At 12/31/07, there was $148,622 of            H&R Inventory located at this site***

2 ***At 12/31/07, there was $80,607 of            H&R Inventory located at this site***

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.1**

 

**JURISDICTIONS IN WHICH EACH BORROWER AND EACH SUBSIDIARY IS            AUTHORIZED TO DO BUSINESS**

 

| The Marlin Firearms Company | Connecticut

                                         |
|-----------------------------|------------------------------------------------------------|
| H&R 1871, LLC           | Connecticut, Massachusetts

                          |

 

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.4**

 

**CAPITAL STRUCTURE**

 

(i)/            (iii) Equity Interest

 

| **Shareholder**              | **Jurisdiction of Subsidiary**

                          | **Equity Interest (%)** | **Subsidiary**              |
|------------------------------|----------------------------------------------------------------|-------------------------|-----------------------------|
| Remington Arms Company, Inc. | Connecticut                                                    | 100                     | The Marlin Firearms Company |
| The Marlin Firearms Company  | Connecticut                                                    | 100                     | H&R 1871, LLC           |

 

 

(ii)            Corporate Affiliate

 

| **Affiliate of The Marlin Firearms Company**      | **Nature of Affiliation** |
|---------------------------------------------------|---------------------------|
| H&R 1871, LLC

                          | Subsidiary                |

 

 

| **Affiliate of H&R 1871, LLC**                          | **Nature of Affiliation** |
|-------------------------------------------------------------|---------------------------|
| The Marlin Firearms Company

                          | Shareholder               |

 

 

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.5**

 

**CORPORATE NAMES**

 

| **1.** | **Corporate Names (during 5 year period preceding the date                        of the Agreement):** |
|--------|--------------------------------------------------------------------------------------------------------|

 

| The Marlin Firearms Company

                                                                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| H&R 1871, LLC

                                                                                                                                       |
| The following trade names:

* Harrington & Richardson

* New England Firearms

* L C Smith

                         

                          |

 

 

| **2.** | **Mergers, consolidation etc (during 5 year period                        preceding the date of the Agreement):** |
|--------|-------------------------------------------------------------------------------------------------------------------|

 

On November 10, 2000, H&R 1871, LLC entered into an Asset Purchase            Agreement by and among H&R 1871, Inc., James O. Garrison, David A. Garrison and            H&R 1871, LLC.

             

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC**

**SUPPLEMENT TO SCHEDULE 9.1.9**

 

**FINANCIAL STATEMENTS**

 

[intentionally blank]

 

*(accounts are not consolidated with those of Remington Arms Company,            Inc. but have been provided to Agent)*

 

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.12**

 

**SURETY OBLIGATIONS**

 

None

 

 

 

| -2- |
|-----|

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.13**

 

**TAX IDENTIFICATION NUMBERS OF BORROWERS AND            SUBSIDIARIES**

 

 

| The Marlin Firearms Company | 06-0441640

                          |
|-----------------------------|--------------------------------------------|
| H&R 1871, LLC           | 22-3762893

                          |

 

 

 

 

| -3- |
|-----|

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.18**

 

**CONTRACTS RESTRICTING BORROWERS’ AND SUBSIDIARIES RIGHT TO            INCUR DEBTS**

 

None

 

 

| -4- |
|-----|

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.19**

 

**LITIGATION**

 

**Marlin:**

 

| 1. | **Hardy vs. H&R 1871, et al:**2007 product liability lawsuit filed in West Virginia State                        Court arising from a June 1, 2005 accident. Plaintiff claims permanent hand                        damage, including partial amputation of the left thumb caused by the                        exploding of the shotgun barrel. Federal Cartridge Company has also been                        named as a defendant. The suit was served on Marlin on June 11, 2007 so no                        other information is known at this time. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             

| 2. | **Dichello v. Marlin Firearms:**2006 Connecticut State Court filing by a former employee                        alleging employment discrimination, negligence and intentional infliction                        of emotional distress. Plaintiff was out of work for non-work related                        reasons. After 26 weeks absence and no indication of return plaintiff was                        notified that she was being placed on inactive status, subject to medical                        release. She has claimed she was sexually harassed and terminated in                        retaliation for her complaints. The Court has dismissed the discrimination                        count for lack of jurisdiction but allowed the other counts to                        proceed. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             

| 3. | **DMJ Associates v. Capasso, et al/Exxon Mobil, et al v.                        Quanta, et al**: In the 1970s Marlin contracted                        with a licensed vendor to legally dispose of certain industrial waste. The                        contractor allegedly disposed of the product improperly. An initial suit                        (DMJ Associates v. Capasso, et al) resulted in a settlement by several                        major parties who were then granted third-party offset rights to pursue                        claims against those not party to the settlement. A second suit (Exxon                        Mobil, et al v. Quanta, et al) was brought by these third-party plaintiffs                        asserting contribution claims against third-party defendants. Marlin and                        approximately fifty other organizations have been named as contributors for                        remediation and settlement payments made in connection with an industrial                        landfill site in Long Island City, New York now know as the Capasso Site.                        This matter is in the initial stages of discovery. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

| 4. | **Fernandez v. Marlin Firearms**:                        An October 17, 2007 complaint was brought by an employee of a temporary                        agency allegedly injured while operating a press on the Marlin’s                        manufacturing line. The employee alleges negligence on the part of Marlin                        and seeks damages for his injuries. Marlin has set up a reserve of $35,000                        for this matter. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             

| 5. | **Mississippi Products Liability**:                        On December 18, 2007, Marlin was contacted by a Jackson, MS attorney                        alleging that the barrel of his client’s 1997 Model 30AW split during                        firing three years ago. The client claims that he has suffered a hearing                        loss that interferes with his job as a pharmacist. Marlin sent the attorney                        its standard inquiry and is awaiting details and documentation. Marlin has                        set up a reserve of $35,000 for this matter. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

 

 

| -5- |
|-----|

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.21**

 

**CAPITALIZED AND OPERATING LEASES**

 

None

 

 

 

| -6- |
|-----|

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.22**

 

**PENSION PLANS**

 

 

The            Marlin Firearms Company Employees’ Pension Plan

 

H&R            1871, LLC and The Marlin Firearms Company each have defined contribution plan (401k)            plan

 

 

| -7- |
|-----|

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.24**

 

**COLLECTIVE BARGAINING AGREEMENTS; LABOR CONTROVERSIES**

 

None

 

 

 

| -8- |
|-----|

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.27**

 

**INVESTMENTS**

 

 

| **Borrower**                | **Equity Interest (%)**

                                                                                             |
|-----------------------------|----------------------------------------------------------------------------------------------------------------------------|
| The Marlin Firearms Company | H&R 1871, LLC (100%)

                         

Churchill Casualty, Ltd (0.87%)3

                          |
| H&R 1871, LLC           | Sporting Activities Insurance, Ltd (2.56%)4

                                                                         |

 

 

 

_________________________

3 ***Workers’ compensation            insurance captive (as of 2/28/06, the last finalized fiscal year            end).***

4 ***Product liability insurance captive            (as of 11/30/06, the last finalized fiscal year end).***

 

 

| -9- |
|-----|

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.28**

 

**BANK ACCOUNTS**

|  

**MARLIN**

                                     |
|---------------------------------------------------------------|
| **Bank**

                                               | **Location** | **Account No.** | **Account Name** |
| Webster Bank                                                  | 80 Elm Street | 0009140510 | Marlin-Operating |
|                                                          | New Haven, CT 06510 |   |   |
|                                                          |   |   |   |
|                                                          |   |   |   |
| Webster Bank                                                  | 80 Elm Street | 0009140527 | Marlin-Payroll |
|                                                          | New Haven, CT 06510 |   |   |
|                                                          |   |   |   |
|                                                          |   |   |   |
| Webster Bank                                                  | 80 Elm Street | 0009140532 | Marlin-Gun Service |
|                                                          | New Haven, CT 06510 |   |   |
|                                                          |   |   |   |
|                                                          |   |   |   |
| Webster Bank                                                  | 80 Elm Street | 0178001803 | Marlin-Business Money Market |
|                                                          | New Haven, CT 06510 |   |   |
|                                                          |   |   |   |
|                                                          |   |   |   |
| Webster Bank                                                  | 80 Elm Street                        New Haven, CT 06510 | 0000000371 | Commercial Loan Acct-Facility 159 |
|                                                          |   |   |   |
|                                                          |   |   |   |
| Merrill Lynch                                                 | 157 Church Street, 21st Floor | 812-07U09 |   |
|                                                          | New Haven, CT 06510 |   |   |
|                                                          |   |   |   |
|                                                          |   |   |   |
| The Advertising Checking Bureau, Inc.                         | 1610 Century Center Parkway | 00-0842052 | ACB Acct. No. 9864 |
|                                                          | Suite 104 |   |   |
|                                                          | Memphis, TN 38134 |   |   |
|                                                          |   |   |   |
|                                                          |   |   |   |
| Bank of America                                               | P.O. Box 100289                        Columbia, SC 29202-3289 | 582-40429 | Freight Payment Acct. No. 2042-2 |
|                                                          |   |   |   |
|  

**H&R 1871, LLC**

                          |
| **Bank**

                                               | **Location** | **Account No.** | **Account Name** |
| Webster Bank                                                  | 80 Elm Street | 0009103065 | H&R-Operating |
|                                                          | New Haven, CT 06510 |   |   |
|                                                          |   |   |   |
|                                                          |   |   |   |
| GFA Federal Credit Union                                      | P.O. Box 468 | 01-20-0000002183 | Checking |
|                                                          | Gardner, MA 01440 |   |   |
|                                                          |   |   |   |
|                                                          |   |   |   |
| GFA Federal Credit Union                                      | P.O. Box 468 | 01-02-78629 | Savings |
|                                                          | Gardner, MA 01440 |   |   |
|                                                          |   |   |   |

 

 

 

| -10- |
|------|

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 9.1.30**

 

**ENVIRONMENTAL MATTERS**

 

1.          Information            disclosed in the documents listed below is incorporated herein by reference and deemed            disclosed on this**Schedule            9.1.30**.

             

| **•** | Environmental Assessment Report of Marlin Firearms Facility,                        North Haven, CT, prepared by ATC Associates, Inc., dated September 25,                        2007 |
|------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

             

| **•** | Environmental Assessment Report of H&R 1871 Firearms                        Facility, Gardner, MA, prepared by ATC Associates, Inc., dated September                        28, 2007 |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

 

2.          The sale transaction will trigger the requirements of the Connecticut            Transfer Act (Section 22a-134*et            seq*. of the Connecticut General Statutes) (“Transfer            Act”) with respect to the Marlin’s operations in North Haven, CT (the            “North Haven Facility”). The environmental due diligence conducted by ATC            Associates Inc. (“ATC”), as reported in the ATC report entitled*Phase I Environmental Site Assessment of Marlin Firearms Company, 100            McKenna Drive, North Haven, Connecticut 06473*, dated            September 25, 2007, copies of which have been provided to the Agent,identified 24 separate areas of concern (“AOCs”) at the            North Haven Facility that the Borrower will need to investigate, and if necessary,            remediate to state of Connecticut standards under the Transfer Act.

             

 

 

| -11- |
|------|

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC**

**SUPPLEMENT TO SCHEDULE 10.2.5**

 

**PERMITTED LIENS**

 

None

 

 

 

| -12- |
|------|

 

----

 

 

**THE MARLIN FIREARMS COMPANY; H&R 1871, LLC** 

**SUPPLEMENT TO SCHEDULE 10.2.21**

 

**HEDGING AGREEMENTS**

 

None

 

 

 

 

| -13- |
|------|