Document:

Exhibit

Exhibit 10.8

AMENDMENT NO. 1 TO FOREIGN GUARANTORS AGREEMENT
This AMENDMENT NO. 1 TO FOREIGN GUARANTORS AGREEMENT, dated as of September 22, 2017 (this “Amendment”), is by and among Toys “R” Us, Inc., a Delaware corporation (the “Company”), TRU Taj LLC, a Delaware limited liability company (“TRU LLC”) and TRU Taj Finance, Inc., a Delaware corporation (“TRU Finance” and together with TRU LLC, the “Issuers”), the undersigned guarantors (the “Guarantors” and together with the Company and the Issuers, the “Obligors”), and the undersigned Requisite Supporting Holders (as defined in the Original Agreement, as described below) of the 12% Senior Secured Notes due 2021 (the “Notes”) amends that certain Foreign Guarantors Agreement (the “Original Agreement”), dated as of September 18, 2017 by and among the Obligors and the Supporting Holders.  Capitalized terms not otherwise defined in this Amendment shall have the meanings assigned thereto in the Original Agreement.
WHEREAS, the parties hereto desire to amend the Original Agreement and acknowledge certain matters, in each case, as provided herein; and
WHEREAS, Section 7.11 of the Original Agreement provides that the Original Agreement may be amended or modified in writing by the Obligors and the Requisite Supporting Holders.
NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein and in the Original Agreement, the parties hereto agree to amend the Original Agreement as follows:
AMENDMENT
1.Amendments.
(a)    Preamble. The fifth WHEREAS clause in the preamble is hereby deleted in its entirety and replaced with the following: 
“WHEREAS, (i) the commencement of the Chapter 11 Cases by the Debtors and the acceleration of certain other outstanding indebtedness of the Debtors as a result of commencement of the Chapter 11 Cases would result in an Event of Default under Section 6.01(a) of the Indenture, (ii) the borrowings and other terms of the DIP Facilities that are not otherwise permitted under the terms of the Note Documents would cause a Default under the Indenture (which would result in an Event of Default if such Default continued for 60 days after receipt of written notice thereof given by the Trustee or Holders of not less than 30% in principal amount of the Notes ) and (iii) the failure by the Company to comply with Section 4.03 of the Indenture with respect to the filing of its Quarterly Report on Form 10-Q for the three-month period ending July 29, 2017 and certain Current Reports on Form 8-K regarding certain actions taken in connection with the Chapter 11 Cases 

and holding a quarterly conference call to discuss the financial results of the Company with the Holders has caused a Default under the Indenture (which would result in an Event of Default if such Defaults continued for 120 days after receipt of written notice thereof given by the Trustee or the Holders of not less than 30% in principal amount of the Notes)(any such Default or Event of Default resulting from the commencement of the Chapter 11 Cases or from the DIP Facilities or from the failure to comply with Section 4.03 of the Indenture as outlined above being collectively referred to herein as the “Specified Defaults”);”
(b)    Amendment to Section 1.01. Section 1.01 of the Original Agreement is hereby amended by inserting the following new clause (g) at the end of the Section:
“(g) The Obligors and the Supporting Holders hereby acknowledge that the Waiver (as defined below) provided by the Supporting Holders under this Agreement is a waiver made with the consent of the Holders pursuant to Section 9.02 of the Indenture and shall be effective immediately upon the Agreement Effective Date (as defined below).  The Obligors and the Supporting Holders further acknowledge that upon the Agreement Effective Date the Waiver will become irrevocable and will thereafter bind every Holder even if notation of the consent is not made on any Note in accordance with Section 9.04 of the Indenture.”
(c)    Amendment to Section 2.01.  Section 2.01 of the Original Agreement is hereby amended by inserting the words “on behalf of all Holders, pursuant to Section 6.04 of the Indenture,” after the two instances of the word “waive” in such Section 2.01.
(d)    Amendment to Section 3.01(b).  Section 3.01(b) of the Original Agreement is hereby deleted and replaced in its entirety with the following:
“(b) the Debtors fail to move to assume the Intellectual Property Licenses (as defined below) in their current form by no later than twenty-one (21) calendar days after the Petition Date or fail to prosecute diligently such motion;” 
2.References. All references to the Original Agreement in any document, instrument, agreement, or writing delivered pursuant to the Original Agreement (as amended hereby) shall hereafter be deemed to refer to the Original Agreement as amended hereby.
3.Ratification.  Except as modified and amended hereby, the Original Agreement shall continue in full force and effect and the parties hereto ratify and confirm the Original Agreement as modified and amended hereby.
4.Representations and Warranties.  Each Obligor represents and warrants as of the date hereof to each Supporting Holder as follows: 
(a)    such party is duly organized, validly existing and is not in violation in any respect of any term of its charter, bylaws or other constitutive documents, and the execution, 

delivery and performance of this Amendment is within such party’s power and have been duly authorized by all necessary action; 
(b)    this Amendment constitutes a valid and legally binding agreement, enforceable against such party in accordance with its terms; 
(c)    no consent or authorization of, filing with, notice to or other act by or in respect of, any governmental or regulatory authority or any other person is required in connection with such party’s entry into, and performance of, this Amendment, except for consents, authorizations, filings and notices which have been obtained or made and are in full force and effect or which are immaterial in nature; and the entry into and performance of this Amendment by such party does and will not conflict with, or result in the default under, any material agreement or document of such party, its constituent documents or any applicable law, regulation or court order, consent or ruling; and
(d)    as of the date hereof and after giving effect to this Amendment, other than the occurrence of the Specified Defaults (as defined in the Original Agreement), no Default or Event of Default has occurred and is continuing, that would constitute a Default or an Event of Default under the Indenture or any other Notes Documents.
5.Miscellaneous Provisions.  The provisions of Section VII of the Original Agreement are incorporated herein by this reference as if set out fully herein and shall apply in all respects to this Amendment. 
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written. 

TOYS “R” US, INC.
		
	By:
	/s/ Matthew Finigan    

Name: Matthew Finigan    
Title: Vice President - Treasurer    
TRU TAJ LLC
		
	By:
	/s/ Matthew Finigan    

Name: Matthew Finigan    
Title: Vice President - Treasurer    
TRU TAJ FINANCE, INC.
		
	By:
	/s/ Matthew Finigan    

Name: Matthew Finigan    
Title: Vice President - Treasurer    
TRU TAJ (EUROPE) HOLDINGS, LLC
		
	By:
	/s/ Matthew Finigan    

Name: Matthew Finigan    
Title: Vice President - Treasurer    
TRU (HOLDINGS) LIMITED
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    

TRU EUROPE LIMITED
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
TRU (UK) H7 LIMITED
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
TOYS “R” US (UK) LIMITED
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
TOYS “R” US HOLDINGS LIMITED
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
TRU (BVI) FINANCE II, LTD.
		
	By:
	/s/ Matthew Finigan    

Name: Matthew Finigan    
Title: Director    
		
	By:
	/s/ Charles Knight    

Name: Charles Knight    
Title: Director    

TOYS “R” US FINANCIAL SERVICES LIMITED (UK)
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    

TRU (UK) H6, LLC
		
	By:
	/s/ Matthew Finigan    

Name: Matthew Finigan    
Title: Vice President - Treasurer    
TRU (UK) H4 Limited

		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
TOYS “R” US LIMITED
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
TOYS “R” US PROPERTIES LIMITED
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
TRU (UK) H8 LIMITED
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
TOYS “R” US GMBH
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    

TRU GLOBAL IMPORTS B.V.
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
		
	By:
	/s/ Charles Knight    

Name: Charles Knight    
Title: Director    
TRU AUSTRALIA HOLDINGS, LLC
		
	By:
	/s/ Matthew Finigan    

Name: Matthew Finigan    
Title: Vice President - Treasurer    
TOYS “R” US (AUSTRALIA) PTY LTD
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
BABIES “R” US (AUSTRALIA) PTY LTD
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title:   Director    
TOYS “R” US, EUROPE, LLC
		
	By:
	/s/ Charles Knight    

Name: Charles Knight    
Title: Senior Vice President - Corporate Controller    
TRU TAJ HOLDINGS 1, LLC
		
	By:
	/s/ Charles Knight    

Name: Charles Knight    
Title: Senior Vice President - Corporate Controller    

TRU TAJ HOLDINGS 2 LIMITED

		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
TRU TAJ HOLDINGS 3, LLC
		
	By:
	/s/ Charles Knight    

Name: Charles Knight    
Title: Senior Vice President - Corporate Controller    
TRU ASIA, LLC
		
	By:
	/s/ Charles Knight    

Name: Charles Knight     
Title: Senior Vice President - Corporate Controller    
TRU IBERIA HOLDINGS 1, S.L.U
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
TRU IBERIA HOLDINGS 2, S.L.U.
		
	By:
	/s/ Robert Zarra    

Name: Robert Zarra    
Title: Director    
GEOFFREY, LLC
		
	By:
	/s/ James Young    

Name: James Young    
Title: Vice President - Corporate Counsel    
GEOFFREY INTERNATIONAL, LLC
		
	By:
	/s/ James Young    

Name: James Young    
Title: Vice President - Corporate Counsel    
SIGNATURE PAGES OF CONSENTING NOTEHOLDERS ON FILE WITH THE REGISTRANTExhibit

Exhibit 10.9
CONSENT TO EXTENSION
This CONSENT TO EXTENSION (this “Consent”) effective as of August 31, 2017 is with respect to the Advisory Agreement referred to below among each of Toys “R” Us, Inc. (the “Company”), Bain Capital Private Equity, LP (f/k/a Bain Capital Partners, LLC) (“BCP”) and Bain Capital Private Equity (Europe), LLP (as legal successor to and assignee of Bain Capital Ltd.) (“BCL” and, together with BCP, “Bain”), Kohlberg Kravis Roberts & Co., L.P., a Delaware limited partnership (“KKR”), and Vornado Truck LLC, a Delaware limited liability company (“Vornado” and, together with Bain and KKR, the “Advisors” and, each individually, an “Advisor”).
The Company and the Advisors are parties to an Advisory Agreement dated as of July 21, 2005 (as amended from time to time, the “Advisory Agreement”).  The Company has requested that the Advisors agree to extend the time for payment of the Advisory Fees due under the Advisory Agreement and the Advisors party hereto are prepared to consent to such extension on, and subject to, the terms hereof.
Accordingly, the parties hereto hereby agree as follows:
Section 1. Definitions. Capitalized terms used in this Consent and not otherwise defined are used herein as defined in the Advisory Agreement.
Section 2. Consent. Subject to the satisfaction of the conditions precedent specified in Section 4 hereof, but effective as of the date hereof, each Advisor party hereto hereby agrees as to itself that the payment (but not the continued accrual thereof) of the Advisory Fees payable to it under the Advisory Agreement shall be deferred, and the Company shall not be required to timely pay the Advisory Fee due to such Advisor at the end of each fiscal quarter occurring after the date of this Consent, until the earlier of (i) the date notified in writing by such Advisor to the Company and the other Advisors party hereto, and (ii) the date that is twelve (12) months from the date hereof (such earlier date, the “Next Payment Date”).  Upon the occurrence of the Next Payment Date, all accrued and unpaid Advisory Fees owing to each Advisor party hereto shall be paid by the Company to the Advisors and thereafter the Advisory Fee shall be paid at the end of each fiscal quarter in accordance with Section 3 of the Advisory Agreement.  It is understood and agreed that notwithstanding the provisions of this Consent, the Advisory Fee shall continue to be earned by the Advisors and shall accrue in accordance with Section 3 of the Advisory Agreement. It being further understood that, notwithstanding the provisions of this Consent, each Advisor reserves the right to waive its allocation of the Advisory Fees on a quarterly basis or otherwise.  
Section 3. Nature and Effect of Consent. For the avoidance of doubt, the purpose of the Consent provided herein is solely to defer the time for payment of any accrued and unpaid Advisory Fees and nothing in this Consent shall (nor shall deemed to) affect the continued accrual of such Advisory Fees or the Company’s obligations under the Advisory Agreement. Except as expressly provided in Section 2 hereof, the terms and provisions of the Advisory 

1

Agreement are in all other respects ratified and confirmed and remain in full force and effect without modification or limitation. This Consent is not intended to be, nor shall it be construed to create, a novation, a waiver or accord and satisfaction of the Advisory Agreement or any obligations thereunder.
Section 4. Conditions Precedent to Effectiveness. The consent set forth in Section 2 hereof shall become effective, as of August 31, 2017, upon receipt by the Company of one or more counterparts of this Agreement executed by each of the Advisors listed on the signature pages hereto.
Section 5. No Waiver. Other than as otherwise expressly provided herein, this Consent shall not be deemed to operate as an amendment or waiver of, or to prejudice, any right, power, privilege, or remedy of the Advisors under this Consent, the Advisory Agreement, or applicable law, nor shall entering into this Consent preclude the Advisors from refusing to enter into any further consents, amendments, waivers or forbearances with respect to the Advisory Agreement.
Section 6. Miscellaneous. Except as herein provided, the Advisory Agreement shall remain unchanged and in full force and effect. This Consent may be executed in any number of counterparts, all of which taken together shall constitute one and the same agreement and any of the parties hereto may execute this Consent by signing any such counterpart. This Consent shall be governed by, and construed in accordance with, the law of the State of New York.
[Signature pages follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Consent to be duly executed and delivered as of the day and year first above written.

Date:  September 26, 2017
TOYS “R” US, INC. 
By:  /s/ Michael Short         

Name:  Michael Short
Title:  Chief Financial Officer

BAIN CAPITAL PRIVATE EQUITY, LP 
(f/k/a Bain Capital Partners, LLC)
By:  /s/ Joshua Bekenstein    

Name:  Joshua Bekenstein
Its:  Authorized Signatory

BAIN CAPITAL PRIVATE EQUITY (EUROPE), LLP 
(as legal successor to and assignee of Bain 
Capital Ltd.) 
By:  /s/ Joshua Bekenstein    
Name:  Joshua Bekenstein 
Its:  Authorized Signatory

KOHLBERG KRAVIS ROBERTS & CO. L.P.
By:  KKR & Co. LLC

By:  /s/ Nathaniel H. Taylor    

Name:  Nathaniel H. Taylor
Its:  Authorized Signatory

VORNADO TRUCK, LLC 
By:  /s/ Joseph Macnow    
Name:  Joseph Macnow
Its:  Authorized Signatory

[Signature Page to Consent to Extension]

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