Document:

EX-10.46

 Exhibit 10.46 
 [LETTERHEAD OF KID BRANDS, INC.] 
 September 12, 2012 

Ms. Kerry Carr 
 20
West 64th Street, #36L 

New York, New York 10023 
 Dear Kerry:

 I am pleased to offer you the position of Executive Vice President and Chief Operating Officer of Kid Brands, Inc. (the
“Company”), subject to the terms set out in this letter agreement (the “Agreement”). 
 1. TERM. Your
employment commencement date shall be September 12, 2012. Your employment by the Company shall be on an “at will” basis and shall be subject to termination by the Company, with or without Cause or by you for Good Reason (as such
capitalized terms are defined below) at any time, with the consequences provided in this Agreement. 
 2. POSITION,
DUTIES. You shall serve as Executive Vice President and Chief Operating Officer, with such duties, responsibilities, powers and authority customarily associated with the position of Chief Operating Officer, or in such other executive position as
may be determined from time to time by the Board of Directors of the Company. You shall report to, and follow the direction of, the Chief Executive Officer of the Company and shall perform such other duties of an executive nature as may be
reasonably assigned to you from time to time by the Chief Executive Officer or the Board of Directors of the Company. You shall devote substantially all of your business time to the business of the Company; provided, however, that you may, without
the consent of the Company’s Board of Directors, engage in charitable activities and community affairs or serve any non-profit educational or professional organization without compensation as long as such activities do not interfere with the
proper performance of your duties and responsibilities for the Company. 
 3. COMPENSATION AND BENEFITS. 

(A) Base Salary. The Company shall pay to you a base salary at an annual rate of $350,000 (“Base Salary”) for the period
commencing on your employment commencement date through December 31, 2013. For the 2014 calendar year, your annual rate of Base Salary shall be increased to $375,000. Base Salary shall be payable in accordance with the Company’s usual
payroll practices. The Compensation Committee of the Company’s Board of Directors shall thereafter consider an increase of Base Salary annually in its discretion. 

 (B) Incentive Compensation. You shall be entitled to an annual incentive compensation
opportunity under our Incentive Compensation Bonus Program subject to all the terms thereof for the year 2013 and future years. Your annual bonus opportunity shall range from 0% to 100% of your Base Salary depending upon the achievement of
performance goals with payout of 50% of your Base Salary upon achievement of target goals. For 2013, however, your bonus shall be the greater of (i) the bonus payable based on the achievement of the performance goals or (ii) $50,000.
Performance goals will be established each year by the Compensation Committee and you shall have the opportunity to consult on the performance goals. Any earned bonus shall be paid to you at the same time as paid to other officers of the Company
after the end of the performance year and not later than the end of the calendar year following the performance year. 
 (C)
Equity Compensation. On your employment commencement date, or as soon thereafter as the Compensation Committee shall approve (but no later than 30 days after your employment commencement date), the Compensation Committee will grant to you
stock appreciation rights having an aggregate grant date fair value computed in accordance with FASB ASC Topic 718 of not less than $500,000. These stock appreciation rights will be granted outside the terms of our Equity Incentive Plan but shall be
subject to all the terms of our Equity Incentive Plan. These stock appreciation rights shall be granted with an exercise price of fair market value at the date of grant, shall vest at the rate of 20% per year commencing with the first
anniversary of the date of grant and shall terminate ten years from the date of grant subject to earlier termination for the events set forth in the Equity Incentive Plan. Additional equity compensation grants to you will be considered in the future
from time to time by the Compensation Committee. 
 (D) Expense Reimbursement. The Company shall reimburse you for
business expenses reasonably incurred by you in the performance of your duties with the Company, in accordance with the Company’s policy and usual practices but in any event shall be paid on or prior to the last day of the taxable year
following the year in which such expenses were incurred. 
 (E) Other Benefits. You will be entitled to participate in
the Company’s employee benefit plans and programs applicable to senior executives generally. You shall be indemnified to the extent set forth in the Company’s Restated Certificate of Incorporation and By-laws for losses or damages incurred
by you arising from the performance of your duties for the benefit of the Company regardless of whether the claim is asserted while you are employed by the Company. You shall be covered under any directors’ and officers’ liability
insurance that the Company maintains for its directors and other officers in the same manner and on the same basis as other officers. 
 (F) Vacation. You will be entitled to three weeks vacation annually to be taken at times determined by you which do not unreasonably interfere with the performance of your duties hereunder. Any
vacation time not taken during any year may not be carried over to subsequent years. 
 4. Termination. Notwithstanding
any other provision of this Agreement, your employment shall terminate upon the first to occur of the following events: 
 (A)
Death or Disability. On your date of death or the date that you are given written notice by the Company that you have been determined to be disabled in accordance with the terms of the Company’s disability plan(s). 

  
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 (B) Voluntary Termination. On the date that the Company determines that you have
voluntarily terminated your employment. 
 (C) Cause. On the date that the Company provides you with written notice that
you are being terminated for “Cause.” You shall be deemed terminated for Cause if the Company terminates your employment after you: 
 (i) shall have been convicted of or entered a plea of nolo contendere with respect to any felony or any other crime (other than minor traffic offenses) involving fraud, theft, misappropriation,
dishonesty, or embezzlement; 
 (ii) shall have committed intentional acts that materially impair the goodwill
or business of the Company or cause material damage to its property, goodwill or business; 
 (iii) shall have
refused to, or willfully failed to, perform your material duties hereunder; 
 (iv) shall have violated in any
material respect any written policies or procedures of the Company; or 
 (v) shall have breached the
representation and warranty set forth in Section 9 or made any other misrepresentations regarding your prior employment; 
 provided,
however, that prior to such termination: (i) you have been provided written notice from the Board of Directors setting forth in reasonable detail the basis on which the Board is considering terminating your employment for Cause and
(ii) you have failed to cure the basis on which the Board is considering terminating your employment within ten (10) days of notice thereof except that no cure period need be provided to the extent that the act or omission is not curable.

 (D) Involuntary Termination. On the date that the Company provides you with written notice that the Company has
terminated your employment for any reason, other than a reason otherwise set forth in this Section 4. 
 (E) Good
Reason. On the date that you provide written notice to the Company that you are terminating your employment for Good Reason. “Good Reason” shall mean the removal of you from your position as Chief Operating Officer (without terminating
your employment) or other material diminution of your duties or responsibilities without your express written consent; provided that your written notice of termination must describe the event that you believe constitutes Good Reason and permit the
Company 30 days from its receipt of such notice within which it may cure the event constituting the Good Reason. If full cure Is made by the Company within such 30-day period, Good Reason shall be deemed not to have occurred. 

  
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 (F) Compensation Upon Termination of Employment. Upon termination of your employment
hereunder, you shall be entitled to your Base Salary through your final date of active employment plus any accrued but unused vacation pay. In addition, you shall also be entitled to any benefits mandated under the Consolidated Budget Reconciliation
Act of 1985 (COBRA) or required under the terms of any death, insurance, retirement or savings or other plan or program provided by the Company, including, but not limited to, any disability plan or program, if applicable, In addition, upon
termination of your employment by the Company without Cause as set forth in Section 4(D) above, or by you for Good Reason as set forth in Section 4(E) above, you shall be entitled to Base Salary at the rate in effect at the date of your
termination of employment for a period of six months after the termination date payable in accordance with the Company’s payroll practices plus coverage under the Company’s medical and dental programs, if any, for six months after your
termination date. This continuation of Base Salary and medical and dental coverage is contingent upon your providing to the Company, in a form satisfactory to the Company, a release of any and all claims that you may have against the Company. At the
end of the six month period during which medical and dental, if any, coverage continues, you may elect COBRA continuation coverage at your own expense for the remainder of the COBRA continuation period. 

(G) Change in Control. If your services are terminated by the Company without Cause or by you for Good Reason following the
consummation of a Change in Control (as defined in the Attachment to this Agreement) but within six months following a Change in Control, you shall be entitled to the payments set forth in Section 4(F) hereof but subject to all the terms
thereof (including the provision of a release), provided that (i) the severance payment of Base Salary continuation shall be increased from a payment of six months of Base Salary continuation to a payment of twelve months of Base Salary
continuation following your separation from service payable in accordance with the Company’s standard payroll practice and (ii) your coverage under the Company’s medical and dental plans for six months shall be increased to coverage
for twelve months following your separation from service following which you may elect COBRA continuation coverage at your own expense for the remainder of the COBRA continuation period. For purposes of this Section 4(G), “Base
Salary” shall mean your Base Salary immediately prior to the Change in Control. 
 (H) 409A. Payments and benefits
under Sections 4(F) and 4(G) shall be paid or provided only at the time of a termination of your employment that constitutes a “separation from service” within the meaning of Section 409A of the Internal Revenue Code (the
“Code”) and the regulations and guidance promulgated thereunder. Further, if you are a “specified employee” within the meaning of Treasury Regulation Section 1.409A-1(i) as of the date of your separation from service (within
the meaning of Treas. Reg. Section 1.409A-1(h)), then any payment or benefit pursuant to this Agreement on account of your separation from service, to the extent such payment constitutes non-qualified deferred compensation subject to
Section 409A and required to be delayed pursuant to Section 409A(a)(2)(B)(i) of the Code (after taking into account any exclusions applicable to such payment under Section 409A), shall not be made until the first business day after
(i) the expiration of six months from the date of your separation from service, or (ii) if earlier, the date of your death (the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits delayed pursuant
to this Section 4(H) will be paid or reimbursed to you in a lump sum and any remaining payments and benefits due under this Agreement will be paid or provided in accordance with the normal payment dates specified for them herein. 

  
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 5. CONFIDENTIALITY. You agree that you shall, during and after your employment by the
Company and except in connection with performing services on behalf of (or for the benefit of) the Company or any of its affiliates, keep secret and retain in the strictest confidence all confidential, proprietary and non-public matters, tangible or
intangible, of or related to the Company, its shareholders, subsidiaries, affiliates, successors, assigns, officers, directors, attorneys, fiduciaries, representatives, employees, licensees and agents, including, without limitation, trade secrets,
business strategies and operations, customer lists, manufacturers, material suppliers, pricing, financial information, personnel information, legal advice obtained from counsel, information regarding litigation (actual, pending or threatened),
research and development, identities and habits of employees and agents and business relationships, and shall not disclose them to any person, entity or any federal, state or local agency or authority, except as may be required by law.
Notwithstanding the foregoing, nothing in this Agreement or elsewhere shall prohibit you from making any statement or disclosure (i) to the extent required by law; (ii) to the extent required by subpoena or other legal process (upon
receipt of which you shall immediately give the Company written notice thereof in order to afford the Company an opportunity to contest such disclosure); (iii) with the Company’s prior written consent; or (iv) in confidence to an
attorney for the purpose of obtaining legal advice. Upon termination of your employment with the Company, you shall return to the Company all confidential, proprietary and non-public materials, and any other property of the Company, in your
possession. Your personal property, including your personal rolodex, documents relating to your personal benefits, compensation, tax liabilities, personal obligations (e.g., restrictive covenants), and the like, shall not be subject to return
pursuant to the preceding sentence. 
 6. NON-COMPETE; NON-SOLICITATION. You agree that during your employment by the
Company and for one year thereafter, you shall not, directly or indirectly, engage or be interested in (as owner, partner, shareholder, employee, director, officer, agent, fiduciary, consultant or otherwise), with or without compensation, any
business activities in which the Company or its affiliates engage during the term hereof. You further agree that for one year after your termination of employment from the Company, you will not 

(i) directly or indirectly, contact, solicit, or accept if offered to you, or direct any person, firm, corporation,
association or other entity to contact, solicit or accept if offered, any of the Company’s customers, prospective customers, or suppliers for the purposes of providing any products and/or services that are the same as or similar to the specific
products and services provided by the Company to its customers during the term hereof, provided that this will not preclude any of your activities in any other area of consumer goods; or 

(ii) solicit or accept if offered to you, with or without solicitation, on your own behalf or on behalf of any other
person, the services of any person who is then a current employee of the Company (or was an employee during the year preceding such solicitation), to terminate employment or an engagement with the Company, nor hire or agree to hire any then current
employee (or an individual who was an employee of the Company during the year preceding such hire) of the Company into employment with yourself or any company, individual or other entity. 

7. NON-DISPARAGEMENT. You shall, during and after your employment with the Company, refrain from making any oral or written
statement that could reasonably be expected to harm the reputation or goodwill of the Company or its affiliates and any shareholder holding more than 5% of the Company’s voting securities, including, without limitation, making derogatory
comments about the character or ability of the Company or its directors, officers, employees, shareholders, agents or representatives. 

  
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 8. REMEDY FOR BREACH. You acknowledge that you have carefully reviewed the provisions
of this Agreement and that you agree that the provisions are reasonable in scope and necessary for the protection of the Company and that the Company may be irreparably damaged if these provisions are not specifically enforced. Accordingly, you
agree that, in addition to any other relief or remedies available to the Company, the Company shall be entitled to seek appropriate temporary, preliminary and permanent injunctive or other equitable relief for the purposes of restraining you from
any actual or threatened breach of or otherwise enforcing these provisions and no bond or security will be required in connection therewith. You also acknowledge and agree that if you become employed by another employer, you shall be required to
disclose the existence of Sections 5, 6, 7 and 8 to such employer and you hereby consent to and give permission to the Company to disclose the existence of Sections 5, 6, 7 and 8 to such employer. In addition, notwithstanding any provisions in this
Agreement to the contrary, if you breach any of the provisions of Sections 5, 6 or 7 of this Agreement at any time and the breach is not cured promptly after notice from the Company, you shall not thereafter be entitled to any payment or benefits
under this Agreement. 
 9. REPRESENTATIONS AND WARRANTIES. The Company represents and warrants that it has the full
right, power and authority to enter into this Agreement and perform fully its obligations hereunder and that the execution of this Agreement by its representative whose signature is set forth at the end hereof has been duly authorized by all
necessary corporate action. You represent and warrant that you have the right to enter into this Agreement and perform fully all of the obligations in this Agreement which will not conflict with or result in any breach or default under any other
agreement to which you are subject. 
 10. SEVERABILITY. If any provision of this Agreement is deemed invalid or
unenforceable, such provision shall be deemed modified and limited to the extent necessary to make it valid and enforceable. 

11. COUNTERPARTS; FACSIMILES. This Agreement may be executed in two or more counterparts, each of which shall be considered an
original, but all of which together shall constitute the same instrument. Signatures delivered by facsimile or in PDF formal shall be effective for all purposes. 
 12. GOVERNING LAW; JURISDICTION. This Agreement shall be governed by, and construed and interpreted in accordance with its express terms, and otherwise in accordance with the laws of the State of
New Jersey without respect to conflicts of law principles. Either party may seek to enforce this Agreement in the courts of the State of New Jersey, or if it has or can acquire jurisdiction, in the United States District Court for the District of
New Jersey, and each of the parties hereby consents to the non-exclusive jurisdiction of such courts (and the appropriate appellate courts) and waives any objection to venue laid therein. Process in any action or proceeding referred to in the
preceding sentence may be served on either party anywhere in the world, whether within or without the State of New Jersey. 

  
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 13. NOTICES. Any notice or other communication made or given in connection with this
Agreement shall be given in writing and shall be deemed to have been duly given when (i) delivered to the appropriate address by hand or nationally recognized overnight courier service (costs prepaid); (ii) sent by electronic mail or
facsimile with confirmation of transmission by the transmitting equipment; or (iii) received or rejected by the addressee, if sent by certified mail, return receipt requested, in each case to a party at his or its address or facsimile number
set forth below or at such other address or facsimile number as a party may specify by notice to the other party: 
 To the Executive, at her principal residence as reflected in the 

records of the Company or at KCarr@KidBrands.com or 

Fax: (201) 405-7377; 
 To the Company: 
 One Meadowlands Plaza 

8th Floor 
 East Rutherford, NJ 07073 
 Attention: Marc S. Goldfarb, Esq.,

   General Counsel 

MGoldfarb@KidBrands.com 
 Fax: (201) 405-7377. 
 14. COMPLIANCE WITH SECTION 409A. Anything in
this Agreement o the contrary notwithstanding: 
 (A) It is intended that any amounts payable under this Agreement will either
be exempt from or comply with Section 409A of the Code and all regulations, guidance and other interpretive authority issued thereunder so as not to subject you to payment of any additional tax, penalty or interest imposed under
Section 409A, and this Agreement will be interpreted on a basis consistent with such intent. 
 (B) To the extent that the
reimbursement of any expenses or the provision of any in-kind benefits under this Agreement is subject to Section 409A, (i) the amount of such expenses eligible for reimbursement, or in-kind benefits to be provided during any one calendar
year shall not affect the amount of such expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year (provided that this clause (i) will not be violated with regard to expenses reimbursed under any
arrangement covered by Code Section 105(b) solely because such expenses are subject to a limit related to the period the arrangement is in effect); (ii) reimbursement of any such expense shall be made by no later than December 31 of
the year following the calendar year in which such expense is incurred; and (iii) your right to receive such reimbursements or in-kind benefits shall not be subject to liquidation or exchange for another benefit. 

(C) Whenever payments under this Agreement are to be made in installments, each such installment shall be deemed to be a separate payment
for purposes of Section 409A. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company.

 (D) To the extent any amount payable to you is subject to your entering into a release of claims with the Company and any
such amount is a deferral of compensation under Section 409A and which amount could be payable in either of two taxable years for you, and the timing of such payment is not subject to terms and conditions under another plan, program or
agreement of the Company that otherwise satisfies Section 409A, such payments shall be made or commence, as applicable, on January 15 (or any later date that is not earlier than 8 days after the date that the release becomes irrevocable)
of such later taxable year and shall include all payments that otherwise would have been made before such date. 

  
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 15. ENTIRE AGREEMENT; AMENDMENT. This Agreement supersedes all prior agreements
between the parties with respect to its subject matter, is intended (with the documents referred to herein) as a complete and exclusive statement of the terms of the agreement between the parties with respect thereto, and cannot be changed or
terminated orally. Upon your employment commencement date, the “Term” of the Consulting Agreement dated June 2012 between you and the Company shall expire. 
 16. WAIVER. The failure of any party or person to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver or deprive that party or person of the
right thereafter to insist upon strict adherence to that term or any other term of this Agreement. Any waiver must be in writing, signed by the party providing the waiver and must specifically identity the provisions of this Agreement being
affected. 
 17. ASSIGNMENT. This Agreement, and the rights and obligations of you and the Company under this Agreement,
will inure to the benefit of, and will be binding upon, (i) you and (ii) the Company and its successor and assigns. You may not assign this Agreement or your rights and obligations contained herein. 

Kerry, I want to welcome you to the Company and wish you much success in your new position. 

 

			
	Very truly yours,
	
	KID BRANDS, INC.
		
	 By:
	 	 /s/ Raphael Benaroya

		 	 Name: Raphael Benaroya

		 	 Title: Executive Chairman

  

			
	ACCEPTED AND AGREED:
	
	 /s/ Kerry Carr

	 Kerry Carr
Date: September 12, 2012

  

  
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 ATTACHMENT 
 For purposes of this Agreement, a “Change in Control” shall mean the occurrence of any of the following: 
 (i) any “person (as defined in Section 3(a)(9) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or “group” (as described in Rule 13d-5 under the
Exchange Act), other than any beneficial owner of in excess of 5% of Company’s voting securities on the date of this letter, becomes the “beneficial owner” as defined in Rule 13d-3 under the Exchange Act of securities of the Company
representing more than 30% of the total combined voting power of the Company’s then outstanding securities, excluding, however, the following: (a) any acquisition of securities directly from the Company other than in connection with a
Transaction described in clause (iii) or (v) below), (b) any acquisition of the Company’s securities by the Company; (c) any acquisition of securities by an employee benefit plan (or related trust) sponsored or maintained by
or entirely controlled by the Company, or (d) any Transaction (as defined below) or sale of all or substantially all of the Company’s assets that does not constitute a Change in Control under clauses (iii), (iv), or (v) below;

 (ii) as a result of any proxy solicitation made otherwise than on behalf of the Board of Directors of the Company, Continuing
Directors cease to be a majority of the Board (a “Continuing Director” is any member of the Board who (a) was a member of the Board on August 15, 2012 or (b) first became a member of the Board as a result of or following his
election or nomination for election by the Board at a time that Continuing Directors form a majority of the Board and with the approval of a majority of such Continuing Directors); 

(iii) the merger, consolidation, or other business combination of or by the Company (a “Transaction”), other than a Transaction
immediately following which the stockholders of the Company immediately prior to the Transaction continue to be the beneficial owners of securities of the Company or other resulting entity representing at least 60% of the voting power in the Company
or other resulting entity in substantially the same proportions as their ownership of Company securities immediately prior to the Transaction; 
 (iv) the sale of all or substantially all of the Company’s assets, other than a sale immediately following which the stockholders of the Company immediately prior to the sale are the beneficial
owners of securities of the purchasing entity representing at least 60% of the voting power in the purchasing entity, in substantially the same proportions as their ownership of Company securities immediately prior to the sale; or 

(v) consummation of a recapitalization or similar transaction of the Company in which any “person” (as defined in
Section 3(a)(9) of the Exchange Act or “group” (as described in Rule 13d-5 under the Exchange Act), other than any beneficial owner of in excess of 5% of the Company’s voting securities on the date of this letter, becomes
the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of securities of the Company representing more than 30% of the total combined voting power of the Company’s then outstanding securities.EX-10.47

 Exhibit 10.47 

 
 

 
 September 12, 2012 
 Ms. Renee Pepys Lowe 
 72 Victoria 
 Newport Beach, CA 92660 
 Dear Renee: 

We are pleased that you have agreed to perform services for Kids Line, LLC (the “Company”) as well as our affiliates CoCaLo,
Inc. (“CoCaLo”) and Kid Brands, Inc. (“Parent”) subject to the terms set out in this letter agreement (the “Agreement”). Unless the context or specific reference clearly compels otherwise, all references to the Company
shall also refer to Parent. 
  

	1.	TERM. Your employment commencement date shall be September 12, 2012. Your employment shall be on an “at will” basis and shall be subject to
termination by the Company, with or without Cause or by you for Good Reason (each such capitalized term as defined below), or due to your death or disability at any time, with the consequences provided in this Agreement. In the event that you cease
to be employed by the Company or any of our affiliates, you agree to tender your resignation from all officer and director positions, if any, that you held with the Company and each affiliate of the Company, effective on the date that your
employment is terminated. 

  

	2.	POSITION, DUTIES. You shall serve as President of Kids Line as well as President of CoCaLo (together constituting the “Soft Home” group of the
Parent), with such duties, responsibilities, powers and authority customarily associated with the position of President, and shall perform such other services and duties of an executive nature, and commensurate with such position (and subject to
Paragraph 5D) as may be assigned to you from time to time for the Company and the Parent and its affiliates by the CEO of Parent for the purpose of implementing the Parent’s business plan. You shall report to the CEO of Parent. You shall
diligently, competently, and faithfully perform all duties of an executive nature, and shall devote your entire business time, energy, attention, and skill to the performance of duties for the Company and its affiliates and will use your best
efforts to provide ongoing leadership to and promote the interests of the Company and its affiliates. It shall not be considered a violation of the foregoing for you to be active on a reasonable number of industry, civic, religious or charitable
boards or committees, so long as you are not paid therefor and such service does not individually or in the aggregate significantly interfere with the performance of your responsibilities in accordance with this Agreement. You have provided us with
a list of the boards and committees on which you currently serve which includes a statement of your time spent on each board or committee. Participation on a non-paid basis on future boards or committees shall be subject to the approval of Parent,
which approval shall not be unreasonably withheld, provided that all such service shall not significantly interfere with the performance of your responsibilities in accordance with this Agreement. 

  
 One Meadowlands Plaza, 8th Floor — East Rutherford, New Jersey 07073 — Tel: (201) 405-2400 

www.kidbrands.com 

	3.	COMPENSATION. 

 A.
The Company shall pay to you a base salary at an annual rate of $350,000 and, commencing January 1, 2014, at an annual rate of $375,000 (“Base Salary”). Base Salary shall be payable in accordance with the Company’s usual
payroll practices. The Base Salary shall be reviewed for adjustment for each year subsequent to 2014, with consideration being given to individual and corporate performance, market practice, position of the Company in the market and prospects for
the business. 
 B. You shall be entitled to an annual incentive compensation opportunity under Parent’s Incentive
Compensation Bonus Program (and any successor or replacement annual bonus plan) (“ICBP”) subject to all the terms thereof for 2013 and future years with an annual bonus opportunity, which shall range from 0% (for achievement at less
than threshold) to 100% (for achievement of maximum performance goals) of your Base Salary depending on achievement of performance goals with a Target IC (as defined in the ICBP) of 50% of Base Salary. Performance goals and the range of potential
levels of payout based on achievement of performance goals will be established each year by the Compensation Committee of the Board of Directors of Parent. Any earned bonus shall be paid to you at the same time as paid to other officers of the
Company after the end of the performance year. 
 C. On your employment commencement date, or as soon thereafter as the
Compensation Committee of the Board of Directors of Parent shall approve (but no later than 30 days after your employment commencement date), the Compensation Committee will grant to you stock appreciation rights having an aggregate grant date fair
value computed in accordance with FASB ASC Topic 718 of not less than $300,000. These stock appreciation rights will be granted outside the terms of Parent’s Equity Incentive Plan but shall be subject to all the terms of the Parent’s
Equity Incentive Plan. These stock appreciation rights shall be granted with an exercise price of fair market value at the date of grant, shall vest at the rate of 20% per year commencing with the first anniversary of the date of grant and
shall terminate ten years from the date of grant subject to earlier termination for the events set forth in the Equity Incentive Plan. You shall be eligible to be considered for equity grants in future years subject to the sole discretion of the
Compensation Committee of the Board of Directors of Parent. 
 D. During the term of this Agreement, the Company shall:

 (i) provide you with three (3) weeks paid vacation per annum and holiday leave per the terms of employee policies in
effect from time to time for Soft Home senior executives; 
 (ii) include you in (x) any life insurance, disability
insurance, medical, dental or health insurance, and savings plans and other benefit plans or programs maintained for the benefit of the other Soft Home senior executives and (y) any officer indemnification programs and director and officer
liability insurance in the same manner as for senior executives of Parent; and 

  
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 (iii) include you in such perquisites as may be established from time to time that are
commensurate with your position and at least comparable to those received by other Soft Home senior executives, and you shall have the same eligibility to participate in all of the perquisite programs for Soft Home senior executives, other than
those for which only designated individuals are eligible to participate. 
  

	4.	EXPENSES. The Company shall reimburse you for all reasonable and approved business expenses, provided that you submit paid receipts or other documentation
acceptable to the Company and as required by the Internal Revenue Service to qualify as ordinary and necessary business expenses under the Internal Revenue Code of 1986, as amended (the “Code”). The Company shall also pay your
reasonable professional fees incurred to negotiate and prepare this Agreement in an amount not to exceed $2,000. 

  

	5.	TERMINATION. Your services shall terminate upon the first to occur of the following events: 

A. Upon your date of death or the date that you are given written notice that you have been determined to be disabled by the Company. For
purposes of this Agreement, you shall be deemed to be disabled if you, as a result of illness or incapacity, shall be unable to perform substantially your required duties for a period of four (4) consecutive months or for any aggregate period
of six (6) months in any twelve (12) month period. A termination of your employment for disability shall be communicated to you by written notice and shall be effective on the tenth (10th) business day after receipt of such notice by
you, unless you return to full-time performance of your duties before such tenth (10th) business day. 
 B. On the date
that the Company determines that you have voluntarily terminated your employment without Good Reason. 
 C. On the date that the
Company provides you with written notice that you are being terminated for “Cause.” For purposes of this Agreement, and as determined by the Company in its reasonable discretion, you shall be deemed terminated for Cause if the Company
terminates you after you: 
 (i) shall have committed any felony or any other act involving fraud, theft, misappropriation,
dishonesty, or embezzlement; 
 (ii) shall have committed intentional acts that materially impair the goodwill or business of
the Company or its affiliates or cause material damage to its property, goodwill, or business; 
 (iii) shall have refused to,
or failed to perform, your material duties hereunder; or 
 (iv) shall have violated in any material respect any policies or
procedures of the Company or Parent; 

  
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 provided, however, that prior to such termination: (i) you have been provided written notice from the
Company setting forth in reasonable detail the basis on which your employment is being terminated for Cause (a “Cause Notice”); (ii) you have failed to cure the basis on which your employment is being terminated
within 10 days of notice thereof except that no cure period need be provided to the extent that the act or omission is not curable; and (iii) you have been afforded a reasonable opportunity to explain to the Company any actions or
omissions described in the Cause Notice. 
 D. On the date that you provide written notice to the Company that you are
terminating your employment for Good Reason. “Good Reason” shall mean the removal of you from your position as President of the Company and CoCaLo (without terminating your employment) or other material diminution of your duties or
responsibilities without your express written consent; provided that your written notice of termination must describe the event that you believe constitutes Good Reason and permits the Company thirty (30) days from its receipt of such notice
within which it may cure the event constituting the Good Reason. If full cure is made by the Company within such 30-day period, Good Reason shall be deemed not be have occurred. 

E. On the date the Company terminates your employment for any reason, other than a reason otherwise set forth in this Paragraph 5,
provided that the Company shall give you thirty (30) days written notice (or continued payment of Base Salary in lieu thereof) prior to such date of its intention to terminate such employment. 

 

	6.	COMPENSATION UPON TERMINATION OF EMPLOYMENT. 

 A. If your services are terminated pursuant to Paragraph 5A, 5B, or 5C, you or your estate, as applicable, shall be entitled to salary through your final date of active employment plus any
accrued but unused vacation pay, and any unreimbursed business expenses incurred and substantiated in accordance with Paragraph 4. You also shall be entitled to any benefits mandated under the Consolidated Omnibus Budget Reconciliation Act
of 1985 (COBRA) or required under the terms of any death, insurance, or retirement plan, program, or agreement provided by the Company, and to which you are a party or in which you are a participant, including, but not limited to, any
short-term or long-term disability plan or program, if applicable, provided that COBRA benefits shall be at your expense. 

  
 4 

 B. Except as otherwise provided in this Paragraph 6B, if your services are terminated
pursuant to Paragraph 5D or 5E, you shall be entitled to your salary through your final date of active employment, plus any accrued but unused vacation pay and any reimbursed business expenses incurred and substantiated in accordance with
Paragraph 4. You also shall be entitled to a severance payment of six (6) months of Base Salary continuation, payable during the life of the severance period in accordance with the Company’s standard payroll practice, plus all earned but
unpaid bonuses, and to a pro-rata portion of any ICBP bonus for the year of termination if the bonus is earned in accordance with the terms of the ICBP and the Company shall pay your COBRA payments for the six (6) month period following your
termination of employment; provided (i) you sign an agreement reasonably acceptable to the Company that (a) waives any rights that you may otherwise have against the Company and its affiliates (other than rights to accrued salary,
indemnification rights provided for in Paragraph 3D(ii) or in Section 317 of the California Corporations Code (“Indemnification Rights”), accrued vacation and reimbursement of expenses), (b) releases the Company and its
affiliates from actions, suits, claims, proceedings and demands related to the period of employment and/or the termination of employment (other than rights to accrued salary, Indemnification Rights, accrued vacation and reimbursement of expenses),
and (c) contains certain other reasonable obligations which shall be set forth at the time of the termination, and (ii) the Company shall be permitted to offset from the severance pay hereunder any Base Salary paid to you during the thirty
(30) day written notice period, if the Company, in its discretion, directs you to perform no substantial services during such thirty (30) day written notice period. For purposes of this paragraph, the term “affiliates” shall mean
the Parent and each of its subsidiaries, as well as their directors, officers, representatives, agents and any shareholder owning more than 5% of Parent’s voting securities. Additionally, you shall be entitled to any benefits required under the
terms of any death, insurance, or retirement plan, program, or agreement provided by the Company, and to which you are a party or in which you are a participant and you shall be entitled to rights with respect to any equity compensation awards under
the Equity Incentive Plan in which you are then a participant in accordance with the terms of such Plan. You shall also be entitled to any mandated COBRA benefits at your expense following the six (6) month period during which the Company will
pay your COBRA benefits. Except for the payments set forth in the first sentence of this Paragraph 6B, payment of the amounts under this Paragraph 6B as well as the amounts payable by the Company set forth in Paragraph 6C is subject to and
contingent upon your not engaging in comparable employment (whether as an employee, director or consultant) in the infant and juvenile products industry during the severance period. 

C. If your services are terminated by the Company without Cause or by you for Good Reason following the consummation of a Change in
Control (as defined in Exhibit A to this Agreement) but within six (6) months following the Change in Control, you shall be entitled to the payments set forth in Paragraph 6B hereof but subject to all the terms thereof (including the provision
of a release and the 30-day notice pay offset), provided that (i) the severance payment of Base Salary continuation shall be increased from a payment of six (6) months of Base Salary continuation to a payment of twelve (12) months of
Base Salary continuation payable in accordance with the Company’s standard payroll practice and (ii) the Company shall pay your COBRA payments for twelve (12) months rather than six (6) months following termination of employment.
For purposes of this Paragraph 6C, “Base Salary” shall mean your Base Salary immediately prior to the Change in Control. 
 D. Payments of salary continuation and Company paid COBRA payments under Paragraph 6B or 6C shall cease upon your obtaining subsequent employment. You agree to immediately notify the Company upon your
obtaining subsequent employment. 
 E. Payments and benefits under this Paragraph 6 shall be paid or provided only at the time
of a termination of your employment that constitutes a “separation from service” within the meaning of Section 409A of the Code and the regulations and guidance promulgated thereunder. If you are a “specified employee”
within the meaning of Treasury Regulation Section 1.409A-1(i) as of the date of your separation from service (within the meaning of Treas. Reg. Section 1.409A-1(h)), then any payment or benefit pursuant to this Agreement on account of your
separation from service, to the extent such payment constitutes non-qualified deferred compensation subject to Section 409A and required to be delayed pursuant to Section 409A(2)(b)(i) of the Code (after taking into account any exclusions
applicable to such payment under Section 409A), shall not be made until the first business day after (i) the expiration of six (6) months from the date of your separation from service, or (ii) if earlier, the date of your death
(the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this Paragraph 6E will be paid or reimbursed to you in a lump sum and any remaining payments and benefits due under this Agreement
will be paid or provided in accordance with the normal payment dates specified for them herein. 

  
 5 

	7.	PROTECTIVE COVENANTS. You acknowledge and agree that solely by virtue of your employment by, and relationship with, the Company, you have acquired and will
acquire “Confidential Information,” as hereinafter defined, as well as special knowledge of the Soft Home group’s relationships with its customers and suppliers, and that, but for your association with the Company, you would not or
will not have had access to said Confidential Information or knowledge of said relationships. You further acknowledge and agree (i) that the Company has long term, near-permanent relationships with its customers and suppliers, and that those
relationships were developed at great expense and difficulty to the Company over several years of close and continuing involvement; (ii) that the Company’s relationships with its customers and suppliers are and will continue to be
valuable, special and unique assets of the Company and that the identity, business needs and methods of conducting business of, or relating to, each of its customers and suppliers is kept under tight security with the Company and its affiliates and
cannot be readily ascertained from publicly available materials or from materials available to their competitors; and (iii) that the Company and its affiliates have the following protectable interests that are critical to its competitive
advantage in the industry and would be of demonstrable value in the hands of a competitor: Pricing information and strategy, cost data, product specifications, product development and obsolescence policies and time table. You agree not to disclose
any of the foregoing information to any person, firm, corporation, association, or other entity for any reason or purpose whatsoever. In return for the consideration described in this Agreement, and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, and as a condition precedent to the Company entering into this Agreement, and as an inducement to the Company to do so, you hereby represent, warrant, and covenant as follows:

 A. You have executed and delivered this Agreement as your free and voluntary act, after having determined that
the provisions contained herein are of a material benefit to you, and that the duties and obligations imposed on you hereunder are fair and reasonable and will not prevent you from earning a comparable livelihood following the termination of your
employment with the Company. 
 B. You have read and fully understand the terms and conditions set forth herein, have had time
to reflect on and consider the benefits and consequences of entering into this Agreement, and have had the opportunity to review the terms hereof with an attorney or other representative, if you so choose. You have read and understand the Code of
Business Conduct and Ethics attached hereto as Exhibit B. You agree to sign and return to the Company the Acknowledgement and Certification attached thereto and to comply with the terms thereof and as it may be amended from time to time by the Board
of Directors of Parent. 

  
 6 

 C. Your execution and delivery of this Agreement does not conflict with, or result in a
breach of or constitute a default under, any agreement or contract, whether oral or written, to which you are a party or by which you may be bound. In addition, you have informed the Company of, and provided the Company with copies of, any
non-competition, confidentiality, work-for-hire or similar agreements to which you are subject or may be bound. 
 D. You agree
that during the period of your employment under this Agreement, and for so long thereafter as you are providing services under any agreement or understanding with Company, Parent or any affiliate, you will not, except on behalf of the Company,
anywhere in the United States of America or in any other place or venue where the Company now conducts or operates, or may conduct or operate, its business prior to the date of your termination of employment: 

(i) directly or indirectly, contact, solicit or accept if offered to you, or direct any person, firm, corporation, association or other
entity to contact, solicit or accept if offered to it, any of the customers, prospective customers, or suppliers (as hereinafter defined) of the Company or its affiliates for the purpose of providing any products and/or services that are the same as
or similar to the products and services provided by the Company or its affiliates to their customers during the term hereof; or 

(ii) solicit or accept if offered to you, with or without solicitation, on your own behalf or on behalf of any other person, the services
of any person who is a then current employee of the Company or its affiliates (or was an employee of the Company or its affiliates during the year preceding such solicitation), nor solicit any of the then current employees of the Company or its
affiliates (or an individual who was employed by or engaged by any of them during the year preceding such solicitation) to terminate employment or an engagement with any of them, nor agree to hire any then current employee (or an individual who was
an employee of the Company or its affiliates during the year preceding such hire) of the Company or its affiliates into employment with you or any company, individual or other entity. 

E. You agree that during the period of your employment under this Agreement, and for so long thereafter as you are providing services
under any agreement or understanding with the Company, Parent or any affiliate, you will not: 
 (i) directly or indirectly,
whether as an investor (excluding investments representing less than one percent (1%) of the common stock of a public company), lender, owner, stockholder, officer, director, consultant, employee, agent, salesperson or in any other capacity,
whether part-time or full-time, become associated with any business involved in the design, manufacture, marketing, or servicing of products similar to those of the Company or its affiliates; or 

(ii) act as a consultant, advisor, officer, manager, agent, director, partner, independent contractor, owner, or employee for or on
behalf of any of the Company’s or its affiliates’ customers, prospective customers, or suppliers (as hereinafter defined), with respect to or in any way with regard to any aspect of the Company’s or its affiliates’ business
and/or any other business activities in which the Company or its affiliates’ engages during the term hereof. 

  
 7 

 F. You acknowledge and agree that the scope described in this Paragraph 7 is necessary
and reasonable in order to protect the Company in the conduct of its business and that, if you become employed by another employer, you shall be required to disclose the existence of this Paragraph 7 to such employer and you hereby consent to
and the Company is hereby given permission to disclose the existence of this Paragraph 7 to such employer. 
 G. You agree
that both during your employment and thereafter, you will not, for any reason whatsoever, use for yourself or disclose to any person not employed by the Company any “Confidential Information” of the Company or its affiliates acquired by
you during your relationship with the Company, both prior to and during the term of this Agreement. You further agree to use Confidential Information solely for the purpose of performing duties with, or for, the Company and further agree not to use
Confidential Information for your own private use or commercial purposes or in any way detrimental to the Company or its affiliates. You agree that “Confidential Information” includes but is not limited to: (i) any financial,
engineering, business, planning, operations, services, potential services, products, potential products, technical information and/or know-how, organization charts, formulas, business plans, production, purchasing, marketing, pricing, sales, profit,
personnel, customer, broker, supplier, or other lists or information of the Company; (ii) any papers, data, records, processes, methods, techniques, systems, models, samples, devices, equipment, compilations, invoices, customer lists, or
documents of the Company or its affiliates; (iii) any confidential information or trade secrets of any third party provided to the Company or its affiliates in confidence or subject to other use or disclosure restrictions or limitations; and
(iv) any other information, written, oral, or electronic, whether existing now or at some time in the future, whether pertaining to current or future developments, and whether previously accessed during your tenure with the Company or to be
accessed during your future employment with the Company, which pertains to the Company’s affairs or interests or with whom or how the Company does business. The Company acknowledges and agrees that Confidential Information does not include
information properly in the public domain. 
 H. In the event that you intend to communicate information to any individual(s),
entity or entities (other than the Company), to permit access by any individual(s), entity or entities (other than the Company), or to use information for your own account or for the account of any individual(s), entity or entities (other than the
Company) and such information would be Confidential Information hereunder but for the exception set out in Paragraph 7G of this Agreement, you shall notify the Company of such intent in writing, including a description of such information, no
less than fifteen (15) days (or any such earlier date as may be compelled by a subpoena) prior to such communication, access or use. 
 I. During and after the term of employment hereunder, you will not remove from the Company’s premises any documents, records, files, notebooks, correspondence, reports, video or audio recordings,
computer printouts, computer programs, computer software, price lists, microfilm, drawings or other similar documents containing Confidential Information, including copies thereof, whether prepared by you or others, except as your duties shall
require, and in such cases, will promptly return such items to the Company. Upon termination of your employment with the Company, all such items including summaries or copies thereof, then in your possession, shall be returned to the Company
immediately. 

  
 8 

 J. You acknowledge that any and all designs, inventions, developments, procedures, methods
and concepts, and any and all improvements of any nature in the designs, inventions, processes, methods and concepts of the Company or any affiliate made by you which is useful in our business shall be deemed to be a “work for hire” and
ownership thereof shall vest immediately in the Company or its affiliates. 
 K. You acknowledge and agree that all customer
lists, supplier lists, and customer and supplier information, including, without limitation, addresses and telephone numbers, are and shall remain the exclusive property of the Company, regardless of whether such information was developed,
purchased, acquired, or otherwise obtained by the Company or you. You agree to furnish to the Company on demand at any time during the term of this Agreement, and upon termination of this Agreement, your complete list of the correct names and places
of business and telephone numbers of all of its customers served by you, including all copies thereof wherever located. You recognize and agree that you have no expectation of privacy with respect to the Company’s telecommunications, networking
or information processing systems (including, without limitation, stored computer files, email messages and voice messages) and that your activity and any files or messages on or using any of those systems may be monitored at any time without
notice. 
 L. You acknowledge that you may become aware of “material” nonpublic information relating to customers
whose stock is publicly traded. You acknowledge that you are prohibited by law as well as by Company policy from trading in the shares of such customers while in possession of such information or directly or indirectly disclosing such information to
any other persons so that they may trade in these shares. For purposes of this Paragraph 7L, “material” information may include any information, positive or negative, which might be of significance to an investor in determining
whether to purchase, sell or hold the stock of publicly traded customers. Information may be significant for this purpose even if it would not alone determine the investor’s decision. Examples include a potential business acquisition, internal
financial information that departs in any way from what the market would expect, the acquisition or loss of a major contract, or an important financing transaction. 
 M. The Company does not wish to incorporate any unlicensed or unauthorized material into its products or services or those of its affiliates. Therefore, you agree that you will not knowingly disclose to
the Company, use in the Company’s business, or cause the Company to use, any information or material which is confidential or proprietary to any third party including, but not limited to, any former employer, competitor or client, unless the
Company has a right to receive and use such information. You will not incorporate into your work any material which is subject to the copyrights of any third party unless the Company has a written agreement with such third party or otherwise has the
right to receive and use such information. 
 N. It is agreed that any breach or anticipated or threatened breach of any of your
covenants contained in this Paragraph 7 will result in irreparable harm and continuing damages to the Company and its business and that the Company’s remedy at law for any such breach or anticipated or threatened breach will be inadequate
and, accordingly, in addition to any and all other remedies that may be available to the Company at law or in equity in such event, any court of competent jurisdiction may issue a decree of specific performance or issue a temporary and permanent
injunction, without the necessity of the Company posting bond or furnishing other security and without proving special damages or irreparable injury, enjoining and restricting the breach, or threatened breach, of any such covenant, including, but
not limited to, any injunction restraining you from disclosing, in whole or part, any Confidential Information. You acknowledge the truthfulness of all factual statements in this Agreement and agree that you are estopped from and will not make any
factual statement in any proceeding that is contrary to this Agreement or any part thereof. You further agree to pay all of the Company’s costs and expenses, including reasonable attorneys’ and accountants’ fees, incurred in enforcing
such covenants. 

  
 9 

	8.	NONDISPARAGEMENT. You shall, during your employment with the Company and after your employment has terminated, refrain from any action that could
reasonably be expected to harm the reputation or goodwill of the Company or any of its affiliates, or any of their directors, officers, employees, agents, representatives or any shareholder holding more than 5% of Parent’s voting securities,
including, without limitation, making derogatory comments about the character or ability of any directors, officers, employees, agents, representatives or such shareholders. The officers and all members of the Board of Directors of the Company and
Parent shall, during your employment with the Company and after your employment has terminated, refrain from any action that could reasonably be expected to harm your reputation or goodwill, including, without limitation, making derogatory comments
about your character or ability. It shall not be a breach of this Paragraph 8 to give truthful testimony under oath. 

  

	9.	NOTICES. Any notice or other communication made or given in connection with this Agreement shall be given in writing and shall be deemed to have been duly given
when (i) delivered to the appropriate address by hand or nationally recognized overnight courier service (costs prepaid); (ii) sent by electronic mail or facsimile with confirmation of transmission by the transmitting equipment; or
(iii) received or rejected by the addressee, if sent by certified mail, return receipt requested, in each case to a party at her or its address or facsimile number set forth below or at such other address or facsimile number as a party may
specify by notice to the other party: 

 To you, at your principal residence as reflected in 

the records of the Company or at 
 400 South Hope Street, 6th Floor 
 Los Angeles, CA 90071 

Fax: (310) 660-0120; 
 To the Company: 
 One Meadowlands Plaza 

8th Floor 
 East
Rutherford, NJ 07073 

			
	Attention:	 	Marc S. Goldfarb, Esq.,
		 	General Counsel

 MGoldfarb@KidBrands.com 
 Fax: (201) 405-7377. 

  
 10 

	10.	WAIVER OF BREACH. A waiver by either party under this Agreement of a breach of any provision of this Agreement by the other party
shall not operate or be construed as a waiver or estoppel of any subsequent breach by such other party. No waiver shall be valid unless in writing and signed by an officer of the Company or by you in the case of a waiver by you.

  

	11.	ASSIGNMENT. You acknowledge that the services to be rendered by you are unique and personal. Accordingly, you may not assign any of
your rights or delegate any of your duties or obligations under this Agreement. The rights and obligations of the Company under this Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of the Company. The
rights and obligations of the Company may be assigned to an affiliate of the Company. 

  

	12.	ENTIRE AGREEMENT. This Agreement sets forth the entire and final agreement and understanding of the parties and contains all of the
agreements made between the parties with respect to the subject matter hereof and supersedes any and all other agreements, either oral or in writing, between the parties hereto, with respect to the subject matter hereof; provided that this Agreement
shall not supersede the Non-Disclosure, Non-Solicitation and Non-Competition Agreement entered into by you on April 2, 2008 in favor of I&J Holdco, Inc. No change or modification of this Agreement shall be valid unless in writing and signed
by the Company and you. 

  

	13.	SEVERABILITY. If any provision of this Agreement shall be found invalid or unenforceable for any reason, in whole or in part, then
such provision shall be deemed modified, restricted, or reformulated to the extent and in the manner necessary to render the same valid and enforceable, or shall be deemed excised from this Agreement, as the case may require, and this Agreement
shall be construed and enforced to the maximum extent permitted by law, as if such provision had been originally incorporated herein as so modified, restricted, or reformulated or as if such provision had not been originally incorporated herein, as
the case may be. The parties further agree to seek a lawful substitute for any provision found to be unlawful; provided, that, if the parties are unable to agree upon a lawful substitute, the parties desire and request that a court or other
authority called upon to decide the enforceability of this Agreement modify those restrictions in this Agreement that, once modified, will result in an agreement that is enforceable to the maximum extent permitted by the law in existence at the time
of the requested enforcement. 

  

	14.	SECTION 409A. Anything in this Agreement to the contrary notwithstanding: 

A. It is intended that any amounts payable under this Agreement will either be exempt from or comply with Section 409A of the Code
and all regulations, guidance and other interpretive authority issued thereunder so as not to subject you to payment of any additional tax, penalty or interest imposed under Section 409A, and this Agreement will be interpreted on a basis
consistent with such intent. 

  
 11 

 B. To the extent that the reimbursement of any expenses or the provision of any in-kind
benefits under this Agreement is subject to Section 409A, (i) the amount of such expenses eligible for reimbursement, or in-kind benefits to be provided during any one calendar year shall not affect the amount of such expenses eligible for
reimbursement, or in-kind benefits to be provided, in any other calendar year (provided that this clause (i) will not be violated with regard to expenses reimbursed under any arrangement covered by Code Section 105(b) solely because such
expenses are subject to a limit related to the period the arrangement is in effect); (ii) reimbursement of any such expense shall be made by no later than December 31 of the year following the calendar year in which such expense is
incurred; and (iii) your right to receive such reimbursements or in-kind benefits shall not be subject to liquidation or exchange for another benefit. 
 C. Whenever payments under this Agreement are to be made in installments, each such installment shall be deemed to be a separate payment for purposes of Section 409A. Whenever a payment under this
Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company. 

D. To the extent any amount payable to you is subject to your entering into a release of claims with the Company and any such amount is a
deferral of compensation under Section 409A and which amount could be payable in either of two taxable years for you, and the timing of such payment is not subject to terms and conditions under another plan, program or agreement of the Company
that otherwise satisfies Section 409A, such payments shall be made or commence, as applicable, on January 15 (or any later date that is not earlier than 8 days after the date that the release becomes irrevocable) of such later taxable year
and shall include all payments that otherwise would have been made before such date. 
  

	15.	HEADINGS. The headings in this Agreement are inserted for convenience only and are not to be considered a construction of the
provisions hereof. 

  

	16.	EXECUTION OF AGREEMENT. This Agreement may be executed in several counterparts, each of which shall be considered an original, but
which when taken together, shall constitute one agreement, and may be executed and delivered electronically in PDF format. 

  

	17.	GOVERNING LAW. This Agreement shall be governed by, and construed in accordance with, the laws of the State of California without
reference to its conflict of law provisions. Furthermore, you agree and consent to submit to personal jurisdiction in the State of California in any state or federal court of competent subject matter jurisdiction situated in Orange County,
California. You further agree that the sole and exclusive venue for any suit arising out of, or seeking to enforce, the terms of this Agreement shall be in a state or federal court of competent subject matter jurisdiction situated in Orange County,
California. In addition, you waive any right to challenge in another court any judgment entered by such Orange County court or to assert that any action instituted by the Company in any such court is in the improper venue or should be transferred to
a more convenient forum. 

  
 12 

 Renee, I want to welcome you to the Company and wish you much success in your new position.

  

			
	Very truly yours,
		
	By:	 	 /s/ Raphael Benaroya

		 	Name: Raphael Benaroya
		 	Title:   Executive Chairman
		 	                Kid Brands, Inc.

  

	
	ACCEPTED AND AGREED
	
	 /s/ RENEE PEPYS LOWE

	RENEE PEPYS LOWE
	September 12, 2012

  
 13 

 EXHIBIT A 
 For purposes of this Agreement, a “Change in Control” shall mean the occurrence of any of the following: 
 (i) any “person (as defined in Section 3(a)(9) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or “group” (as described in Rule 13d-5 under the
Exchange Act), other than any beneficial owner of in excess of 5% of Parent’s voting securities on the date of this letter, becomes the “beneficial owner” as defined in Rule 13d-3 under the Exchange Act of securities of Parent
representing more than 30% of the total combined voting power of Parent’s then outstanding securities, excluding, however, the following: (a) any acquisition of securities directly from Parent other than in connection with a Transaction
described in clause (iii) or (v) below), (b) any acquisition of Parent’s securities by Parent; (c) any acquisition of securities by an employee benefit plan (or related trust) sponsored or maintained by Parent or entirely
controlled by Parent, or (d) any Transaction (as defined below) or sale of all or substantially all of Parent’s assets that does not constitute a Change in Control under clauses (iii), (iv), or (v) below; 

(ii) as a result of any proxy solicitation made otherwise than on behalf of the Board of Directors of Parent, Continuing Directors cease
to be a majority of the Board (a “Continuing Director” is any member of the Board who (a) was a member of the Board on August 15, 2012 or (b) first became a member of the Board as a result of or following his election or
nomination for election by the Board at a time that Continuing Directors form a majority of the Board and with the approval of a majority of such Continuing Directors); 
 (iii) the merger, consolidation, or other business combination of or by Parent (a “Transaction”), other than a Transaction immediately following which the stockholders of Parent immediately
prior to the Transaction continue to be the beneficial owners of securities of Parent or other resulting entity representing at least 60% of the voting power in Parent or other resulting entity in substantially the same proportions as their
ownership of Company securities immediately prior to the Transaction; 
 (iv) the sale of all or substantially all of
Parent’s assets, other than a sale immediately following which the stockholders of Parent immediately prior to the sale are the beneficial owners of securities of the purchasing entity representing at least 60% of the voting power in the
purchasing entity, in substantially the same proportions as their ownership of Company securities immediately prior to the sale; or 
 (v) consummation of a recapitalization or similar transaction of Parent in which any “person” (as defined in Section 3(a)(9) of the Exchange Act or “group” (as described in
Rule 13d-5 under the Exchange Act), other than any beneficial owner of in excess of 5% of Parent’s voting securities on the date of this letter, becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) or
securities of Parent representing more than 30% of the total combined voting power of Parent’s then outstanding securities. 
 One Meadowlands Plaza, 8th Floor • East Rutherford, New Jersey 07073 • Tel: (201) 405-2400 www.kidbrands.com 

 EXHIBIT B 
 KID BRANDS, INC. 
 CODE OF BUSINESS CONDUCT AND ETHICS 

Introduction 
 This Code
of Business Conduct and Ethics covers a wide range of business practices and procedures. It does not cover every issue that may arise, but it sets out basic principles to provide guidance to all employees, officers and directors of the Company to
help them recognize and deal with ethical issues, provide mechanisms to report unethical conduct, and help foster a culture of honesty and accountability. All of our employees, officers and directors must seek to avoid even the appearance of
improper behavior. This Code should also be provided to and followed by the Company’s agents and representatives, including consultants. 
 If a law conflicts with a policy in this Code, you must comply with the law; however, if a custom or policy conflicts with this Code, you must comply with the Code. If you have any questions about these
conflicts, you should either: (i) ask your supervisor how to handle the situation; or (ii) contact the Company’s Legal Department for guidance. 
 Those who violate the standards in this Code, including by failing to report potential violations of this Code by others, will be subject to disciplinary action, including possible termination.
If you are in a situation which you believe may violate or lead to violation of this Code, follow the guidelines described in Sections 12 and 13 of this Code. 
  

	1.	Compliance with Laws, Rules and Regulations 

 All employees, officers and directors must respect and obey the laws of all jurisdictions in which we operate. All reports, declarations and filings with governmental agencies by employees, officers and
directors must be accurate, complete and consistent with applicable laws and regulations. Although not all employees, officers and directors are expected to know the details of these laws and regulations, it is important to know enough to determine
when to seek advice from supervisors, managers or other appropriate personnel. 
 The Company distributes informational
materials and/or holds information and training sessions to promote compliance with laws, rules and regulations, including insider-trading laws. 
  

	2.	Confidentiality 

Employees, officers and directors must maintain the confidentiality of information entrusted to them by the Company or its customers,
agents and representatives, except when disclosure to third parties is authorized by a senior executive officer of the Company or is required by laws or regulations. Confidential information is information not generally known in the industry about
the Company’s business, products, processes, methods, pricing and services (e.g., customer lists, customer requirements or preferences, business methods, costs and costing strategies, purchasing and purchasing methods, marketing and selling
strategies, pricing strategies, products under development, manufacturers and material sources). The obligation to preserve confidential information continues even after employment ends. 

  
 2 

	3.	Insider Trading 

Employees who have access to confidential information are not permitted to use or share that information for trading purposes or for any
other purpose except the conduct of our business. All non-public information about the Company is confidential information. To use non-public information for personal financial benefit or to “tip” others who might make an investment
decision on the basis of this information is not only unethical but also illegal. If you have any questions, please consult the Company’s Insider Trading Policy or the Company’s Legal Department. 

 

	4.	Conflicts of Interest 

 A
“conflict of interest” occurs when a person’s private interest interferes in any way (or even appears to interfere) with the interests of the Company as a whole. A conflict situation can arise when an employee, officer or director
takes actions or has interests that may make it difficult to perform his or her Company work objectively and effectively. Conflicts of interest also arise when an employee, officer or director, or members of his or her family, receives improper
personal benefits as a result of his or her position in the Company. Loans to, or guarantees of obligations of, employees and their family members may create conflicts of interest. 

It is almost always a conflict of interest for a Company employee to work simultaneously for a competitor, customer or supplier. You are
not allowed to work for a competitor as a consultant or board member. Our policy is to avoid any direct or indirect business connection with our customers, suppliers or competitors, except on our behalf. 

Conflicts of interest are prohibited as a matter of Company policy. Because conflicts of interest may not always be clear-cut, if you
have a question, you should consult with higher levels of management or the Company’s Legal Department. Any employee, officer or director who becomes aware of a conflict or potential conflict should bring it to the attention of a supervisor,
manager or other appropriate personnel or consult the procedures described in Section 13 of this Code. 
  

	5.	Corporate Opportunities 

Employees, officers and directors are prohibited from taking for themselves personally opportunities that are discovered through the use
of corporate property, information or position. No employee, officer or director may use corporate property, information, or position for personal gain. No employee or officer may compete with the Company directly or indirectly. Employees, officers
and directors owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises. 

  
 3 

	6.	Fair Dealing 

 We seek to
outperform our competition fairly and honestly. Stealing proprietary information, possessing trade secret information that was obtained without the owner’s consent, or inducing such disclosures by past or present employees of other companies is
prohibited. Each employee, officer and director should endeavor to respect the rights of and deal fairly with the Company’s customers, suppliers, competitors and employees. No employee, officer or director should take unfair advantage of anyone
through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair-dealing practice. The purpose of business entertainment and gifts in a commercial setting is to create good will and sound
working relationships, not to gain unfair advantage with customers. No gift or entertainment may be offered, given, provided or accepted by any Company employee, family member of an employee or agent unless it: (1) is not a cash gift;
(2) is consistent with customary business practices; (3) is not excessive in value; (4) cannot be construed as a bribe or payoff; and (5) does not violate any laws or regulations. Please discuss with your supervisor any gifts or
proposed gifts which you are not certain are appropriate. 
  

	7.	Protection and Proper Use of Company Assets 

 All employees, officers and directors must protect the Company’s assets and ensure their efficient use. Theft, carelessness, and waste have a direct impact on the Company’s profitability. Any
suspected incident of fraud or theft must be immediately reported for investigation. Generally, Company assets should not be used for non-Company business. 
 The obligation of employees to protect the Company’s assets includes the protection of the Company’s proprietary information. Proprietary information includes intellectual property such as trade
secrets, patents, trademarks, and copyrights, as well as business, marketing and service plans, engineering and manufacturing ideas, designs, databases, records, salary information and any unpublished financial data and reports. Unauthorized use or
distribution of this information violates Company policy. It could also be illegal and result in civil or even criminal penalties. 
  

	8.	Discrimination and Harassment 

 The diversity of the Company’s employees is a tremendous asset. We are firmly committed to providing equal opportunity in all aspects of employment. The Company will not tolerate any illegal
discrimination or harassment of any kind. 
  

	9.	Health and Safety 

 The
Company strives to provide each employee with a safe and healthful work environment. Each employee has responsibility for maintaining a safe and healthy workplace for all employees by following safety and health rules and practices and reporting
accidents, injuries and unsafe equipment, practices or conditions. 
 Violence and threatening behavior are not permitted.
Employees should report to work in condition to perform their duties, free from the influence of illegal drugs or alcohol. The use of illegal drugs in the workplace will not be tolerated. 

 

	10.	Record-Keeping 

 The
Company requires honest and accurate recording and reporting of information in order to make responsible business decisions. All inspection and testing documents must be handled in accordance with all applicable regulations. Only the true and actual
number of hours worked may be reported. 

  
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 Employees must document and record business expenses accurately. If you are not sure whether
a certain expense is legitimate, ask your supervisor. Rules and guidelines are available from the Accounting Department. 
 All
of the Company’s books, records, accounts and financial statements must be maintained in reasonable detail, must appropriately reflect the Company’s transactions and must conform both to applicable legal requirements and to the
Company’s system of internal controls. Unrecorded or “off the books” funds or assets are not to be maintained unless permitted by applicable law or regulation. 
 Business records and communications often become public, and we should avoid exaggeration, derogatory remarks, guesswork, or inappropriate characterizations of people and companies that can be
misunderstood. This applies equally to e-mail, internal memos, and formal reports. Records should always be retained or destroyed according to the Company’s record retention policies. In accordance with those policies, in the event of
litigation or governmental investigation, please consult the Company’s Legal Department. 
  

	11.	Payments to Government Personnel 

 The U.S. Foreign Corrupt Practices Act prohibits giving anything of value, directly or indirectly, to officials of foreign governments or foreign political candidates in order to obtain or retain
business. It is strictly prohibited to make illegal payments to government officials of any country. 
 In addition, the U.S.
government has a number of laws and regulations regarding business gratuities which may be accepted by U.S. government personnel. The promise, offer or delivery to an official or employee of the U.S. government of a gift, favor or other gratuity in
violation of these rules would not only violate Company policy but could also be a criminal offense. State and local governments, as well as foreign governments, may have similar rules. The Company’s Legal Department can provide guidance to you
in this area. 
  

	12.	Reporting any Illegal or Unethical Behavior 

 Employees have a responsibility to promptly report any suspected misconduct, illegal activities or fraud, including any questionable accounting, internal accounting controls or auditing matters, or other
suspected violations of federal, state or foreign laws, rules, regulations or this Code, in accordance with the Company’s Whistleblower Policy, or by anonymously reporting your concerns to our Ethics Hotline, a toll-free number (available 24
hours per day, 7 days per week, in multiple languages) at: (201) 405-2455. Employees are encouraged to talk to supervisors, managers or other appropriate personnel when in doubt about the best course of action in a particular situation. It is
the policy of the Company not to allow retaliation for reports of misconduct by others made in good faith by employees. Employees are expected to cooperate in internal investigations, including those relating to misconduct. 

  
 5 

	13.	Compliance Standards and Procedures 

 We must all work to ensure prompt and consistent action against violations of this Code. However, in some situations it is difficult to know whether a violation is contemplated or exists. In evaluating a
questionable situation or practice, the following guidelines should be followed: 
  

	 	•	 	 Make sure you have all the facts. In order to reach the right solutions, we must be as fully informed as possible. 

 

	 	•	 	 Ask yourself: What specifically am I being asked to do? Does it seem unethical or improper? This will enable you to focus on the specific
question you are faced with, and the alternatives you have. Use your judgment and common sense; if something seems unethical or improper, it probably is. 

 

	 	•	 	 Clarify your responsibility and role. In most situations, there is shared responsibility. Are your colleagues informed? It may help to get
others involved and discuss the problem. 

  

	 	•	 	 Discuss the problem with your supervisor. This is the basic guidance for all situations. In many cases, your supervisor will be more
knowledgeable about the question, and will appreciate being brought into the decision-making process. Remember that it is your supervisor’s responsibility to help solve problems. 

 

	 	•	 	 Seek help from Company resources. In the rare case where it may not be appropriate to discuss an issue with your supervisor, or where you do not
feel comfortable approaching your supervisor with your question, discuss it with the next higher supervisor or the Company’s Legal Department. 

  

	 	•	 	 You may report ethical violations in confidence and without fear of retaliation. If your situation requires that your identity be kept secret,
your anonymity will be protected to the extent practicable. The Company does not permit retaliation of any kind against employees for good faith reports of ethical violations. 

 

	 	•	 	 Always ask first, act later: If you are unsure of what to do in any situation, seek guidance before you act. 

 

	14.	Waivers of the Code of Business Conduct and Ethics 

 Any waiver of this Code for executive officers or directors may be made only by the Board of Directors of the Company or an appropriate Board committee and will be promptly disclosed to shareholders as
required by law or stock exchange regulation. 

  
 6 

	15.	Amendments and Modifications 

 This Code may be amended from time to time in the discretion of the Board of Directors of the Company or any appropriate Board committee. Any such amendment will be promptly communicated to employees,
officers and directors and will become effective immediately upon such communication (unless an alternative effective date is specified therein). 
  

	16.	Certificate of Compliance 

Periodically, each employee, officer and director must sign the acknowledgement and certification of compliance with the Code of Business
Conduct and Ethics set forth on the following page. 

  
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 ACKNOWLEDGEMENT AND CERTIFICATION 

I HEREBY CERTIFY: 
 1. I have read and I
understand the above-captioned Code of Business Conduct and Ethics, and am in compliance with its terms. 
 2. Except as described in the space
below or as I have previously disclosed in accordance with the Company’s Whistleblower Policy (including by anonymously reporting my concerns to the Company’s Ethics Hotline), to the best of my knowledge and good-faith belief, I am not
aware of any violation of the terms of this Code of Business Conduct and Ethics by any person subject thereto. 
 CERTIFIED: 

 

	
	  

	Name:
	Date:

  
 Please specify any exceptions to the above in the
space provided below: 
 One Meadowlands Plaza, 8th Floor — East Rutherford, New Jersey 07073 — Tel: (201) 405-2400 www.kidbrands.com

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