Document:

exv10w1

 

Exhibit 10.1

FOURTH AMENDMENT TO LEASE

(CALABASAS TECH CENTER)

     THIS FOURTH AMENDMENT TO LEASE (“Fourth Amendment”) is made and entered into as of the 24th
day of May, 2005, by and between ARDEN REALTY LIMITED PARTNERSHIP, a Maryland limited partnership
(“Landlord”) and TEKELEC, a California corporation (“Tenant”).

R E C I T A L S:

     A. State Street Bank and Trust Company of California, N.A., not individually but solely as an
Ancillary Trustee for State Street Bank and Trust Company, a Massachusetts banking corporation, not
individually but solely as trustee for the AT&T Master Pension Trust (“Original Landlord”) and
Tenant entered into that certain Lease and Addendum dated as of February 18, 1988 (collectively,
the “Original Lease”) as amended by that certain First Amendment to Lease dated as of November 29,
1991, by and between Original Landlord and Tenant (“First Amendment”), by that certain Second
Amendment to Industrial Lease dated as of November 18, 1994, by and between Calabasas Tech Center,
Inc., a Delaware corporation (“CTC, Inc.”), as successor to Original Landlord, and Tenant (“Second
Amendment”), and by that certain Third Amendment to Lease dated as of August 1, 2000, by and
between Landlord, as successor to CTC, Inc., and Tenant (“Third Amendment”), whereby Tenant leased
certain space (the “Existing Premises”) located in those certain buildings located and addressed at
26580, 26586, 26600 and 26604 Agoura Road, Calabasas, California (collectively, “Calabasas Tech
Center”). The Original Lease, as amended by the First Amendment, the Second Amendment and the
Third Amendment, may be referred to herein as the “Lease.”

     B. By this Fourth Amendment, Landlord and Tenant desire to reduce the Existing Premises and to
otherwise modify the Lease as provided herein.

     C. Unless otherwise defined herein, capitalized terms as used herein shall have the same
meanings as given thereto in the Original Lease.

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

A G R E E M E N T:

     1. Reduction of the Existing Premises. That certain space outlined on the floor plan
attached hereto as Exhibit “A” and made a part hereof and located on the second (2nd)
floor in the building located and addressed at 26580 Agoura Road, Calabasas, California (the
“Building”), may be referred to herein as the “Extension Space.” Landlord and Tenant hereby
stipulate that the Extension Space contains a total of 14,879 rentable square feet. The “Extension Term” (as

 

 

that term is defined in Section 2 below) shall commence as of June 1, 2005 (“Extension Commencement
Date”), and Tenant shall pay its first installment of “Fixed Minimum Monthly Rent” (as that term is
defined in Section 2 below) for the Extension Term on or before the Extension Commencement Date.
Notwithstanding the foregoing, Tenant shall not be obligated to surrender and deliver exclusive
possession of all portions of the Existing Premises other than the Extension Space (the “Reduction
Space”) to Landlord in accordance with Section 6.2(C) of the Original Lease until June 15, 2005,
and during the entire “Extension Term” (as that term is defined in Section 2 below), Tenant shall
be entitled to: (i) use the internal staircase between the first and second floors of the Building
without cost or charge for ingress and egress to the Extension Space; (ii) use the mailroom on the
first floor and maintain a receptionist at the current receptionist’s desk location in the first
floor common lobby (provided that such right to use the mailroom and maintain such receptionist
shall terminate within thirty (30) days of Landlord’s written notice to Tenant that Landlord has
leased all or a portion of the ground floor of the Building); and (iii) continue the operation of
its existing electronic security and surveillance system until Landlord notifies Tenant that
Landlord has leased all or a portion of the first floor of the Building and within thirty (30) days
after Tenant’s receipt of such notice, Tenant may relocate and modify such security system in
accordance with plans and specifications reasonably approved by Landlord so as not to interfere
with such new tenant’s construction or occupancy of its premises. Accordingly, effective upon the
Extension Commencement Date, the Existing Premises shall be decreased so that the only space then
leased by Tenant from Landlord at Calabasas Tech Center shall be the Extension Space. Tenant
represents and warrants to Landlord that (a) Tenant has not heretofore assigned or sublet all or
any portion of its interest in the Reduction Space; (b) no other person, firm or entity has any
right, title or interest in the Reduction Space; and (c) Tenant has the full right, legal power and
actual authority to enter into this Fourth Amendment without the consent of any person, firm or
entity. Tenant further represents and warrants to Landlord that as of the date hereof there are
no, and as of the Extension Commencement Date, there shall not be any, mechanics’ liens or other
liens encumbering all or any portion of the Reduction Space by virtue of any act or omission on the
part of Tenant, its contractors, agents, employees, successors or assigns.

     2. Term and Fixed Minimum Monthly Rent for the Extension Space. The Term for Tenant’s
lease of the Extension Space (“Extension Term”) shall commence on the Extension Commencement Date
and shall expire on December 31, 2005. During the Extension Term, Tenant shall pay in accordance
with the provisions of this Section 2, Fixed Minimum Monthly Rent for the Extension Space as
follows:

	 	 	 
	Period	 	Fixed Minimum Monthly Rent
	 	 	 
	Extension Term
	 	$25,000.00

     Notwithstanding anything to the contrary contained in the Lease, Tenant shall have no option to
further extend the Extension Term, except that Tenant shall be entitled to hold over in the
original Extension Space (but not the “Relocation Space,” as that term is defined in Section 8
below), on a month-to-month basis terminable by either party upon thirty (30) days’ prior written
notice, with Fixed Minimum Monthly Rent in the amount set forth in this Section 2 above, together
with Tenant’s prorata share of “Operating Expenses” (as that term is defined in Section 3 below), calculated as set forth in Section 3 below. The parties acknowledge that pursuant to the

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immediately preceding sentence, Landlord may notify Tenant on or before December 1, 2005 that
Landlord elects to terminate Tenant’s lease of the Extension Space as of December 31, 2005, in
which case Tenant shall have no right to so hold over. Landlord and Tenant acknowledge that the
Fixed Minimum Monthly Rent specified in this Section 2 above shall apply only during the Extension
Term and shall have no impact upon amounts which have been paid, or which are required to be paid,
by Tenant to Landlord prior to the Extension Term.

     3. Full Service Gross Rate. Landlord and Tenant acknowledge and agree that the rental
rate specified in Section 2 above for the Extension Term shall be inclusive of taxes, insurance,
common area maintenance costs and utilities to the Extension Space; provided, however, that (i) if
Tenant shall require any utility in excess of one hundred ten percent (110%) of the amount of such
utility utilized by Tenant (on a prorata square foot basis) for the Existing Premises as of the
date of this Fourth Amendment, as reasonably determined by Landlord, Landlord may cause a meter or
submeter to be installed for the Extension Space to measure the amount of any such excess usage or
Landlord may otherwise reasonably estimate the cost of any such excess usage, and the cost of such
meter or submeter and the cost of any such excess utility usage by Tenant shall be paid Tenant to
Landlord within ten (10) days after invoice from time to time, and (ii) should Tenant hold over in
the Extension Space beyond the Extension Term, during the period of any such holdover, Landlord
shall be entitled to institute a 2005 “Base Year” concept for taxes, insurance, common area
maintenance costs and utilities (collectively, “Operating Expenses”) and to charge Tenant for any
costs allocated to the Extension Space over and above such 2005 Base Year baseline amount.

     4. Condition of Extension Space. The Extension Space shall be leased in its “as is”
condition and Tenant acknowledges that neither Landlord nor any agent nor any employee of Landlord
has made any representations or warranties with respect to the Extension Space or with respect to
the suitability of such space for the conduct of Tenant’s business. However, Landlord reserves the
right, at Landlord’s option, to construct demising wall(s) and to otherwise separate the Extension
Space from any contiguous space at Landlord’s cost, and Tenant acknowledges that any such
construction by Landlord shall not be deemed to constitute a constructive eviction of Tenant from
the Extension Space nor shall any such construction entitle Tenant to any abatement of rent. Under
no circumstances may Tenant occupy any portion of the space contiguous to the Extension Space for
storage or other purposes.

     5. Parking. Effective as of the Extension Commencement Date and continuing throughout
the Extension Term, Tenant shall be entitled to use a total of fifty-six (56) unreserved parking
passes in the Building’s parking facility. Tenant’s rental and use of such parking passes shall be
in accordance with, and subject to, all provisions of the Lease.

     6. Permitted Use. Notwithstanding anything to the contrary contained in the Lease,
the Extension Space may be used only for general office use consistent with the character of a
first-class office building and for no other purposes.

     7. Signage. Tenant shall promptly remove Tenant’s Signage (as that term is defined in
Section 10 of the Third Amendment) and all other exterior signs at Calabasas Tech Center identifying Tenant in accordance with the standard specified in the last sentence of Section
10 of the Third Amendment.

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     8. Relocation. Landlord shall have the right, at any time after September 30, 2005,
upon giving Tenant not less than thirty (30) days prior notice (the “Relocation Notice”), to
provide and furnish Tenant with space (“Relocation Space”) elsewhere in the Calabasas Tech Center
of approximately the same size as the Extension Space, with Landlord to pay all verified and
previously approved costs and expenses incurred by Tenant as a result of such move to such new
Relocation Space including, without limitation, the cost of moving furniture and equipment and
recabling and repainting the Relocation Space for Tenant’s use. Notwithstanding the foregoing, if
Tenant notifies Landlord within ten (10) days after Tenant’s receipt of the Relocation Notice that
Tenant desires space of a lesser size, Landlord may instead substitute space elsewhere in the
Calabasas Tech Center of approximately the size so designated by Tenant if such space is then
available. Furthermore, if Landlord delivers a Relocation Notice to Tenant, Tenant shall (i) have
three (3) separate and consecutive one-month options to renew the term of the Lease (as amended)
for the Relocation Space, which options must be exercised, if at all, by written notice to Landlord
at least thirty (30) days prior to the first day of such renewal term and which options may only be
exercised if Tenant is not then in default under the Lease (as amended), and (ii) have the option
to terminate the Lease (as amended) by written notice to Landlord within ten (10) days after
Tenant’s receipt of the Relocation Notice. Any such termination shall be effective as of a date so
specified by Tenant in such termination notice to Landlord, but no later than the effective date of
such relocation specified in Landlord’s Relocation Notice. If the Relocation Space is a lesser
size than 14,879 rentable square feet, the Fixed Minimum Monthly Rent shall be adjusted by
multiplying $25,000.00 by a fraction, the numerator of which is the number of rentable square feet
of the Relocation Space and the denominator of which is 14,879. If Landlord moves Tenant to such
Relocation Space, the Lease (as amended) and each and all of its terms, covenants and conditions
shall remain in full force and effect and shall be deemed applicable to such Relocation Space and
such Relocation Space shall thereafter be deemed to be the “Extension Space” as though Landlord and
Tenant had entered into an express written amendment to the Lease with respect thereto and, upon
request from Landlord, Tenant shall execute a new amendment to the Lease documenting such
relocation upon such terms.

     9. Brokers. Each party represents and warrants to the other that no broker, agent or
finder negotiated or was instrumental in negotiating or consummating this Fourth Amendment other
than The Staubach Company. Each party further agrees to defend, indemnify and hold harmless the
other party from and against any claim for commission or finder’s fee by any other person or entity
who claims or alleges that they were retained or engaged by the first party or at the request of
such party in connection with this Fourth Amendment.

     10. Defaults. Tenant hereby represents and warrants to Landlord that, as of the date
of this Fourth Amendment, Tenant is in full compliance with all terms, covenants and conditions of
the Lease and that there are no breaches or defaults under the Lease by Landlord or Tenant, and
that Tenant knows of no events or circumstances which, given the passage of time, would constitute
a default under the Lease by either Landlord or Tenant.

     11. Signing Authority. Concurrently with Tenant’s execution of this Fourth Amendment,
Tenant shall provide to Landlord reasonable evidence of the authority of the individuals executing
this Fourth Amendment on behalf of Tenant.

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     12. No Further Modification. Except as set forth in this Fourth Amendment, all of the
terms and provisions of the Lease shall apply with respect to the Expansion Space and shall remain
unmodified and in full force and effect.

     IN WITNESS WHEREOF, this Fourth Amendment has been executed as of the day and year first above
written.

	 	 	 	 	 
	
“LANDLORD”	ARDEN REALTY LIMITED PARTNERSHIP,

a Maryland limited partnership

 	 
	 	By:  	ARDEN REALTY, INC.,
 	 
	 	 	a Maryland corporation 	 
	 	 	Its:  Sole General Partner 	 
	 
	 	 	 
	 	 	By:  	                /s/ Robert C. Peddicord
 	 
	 	 	 	Executive Vice President - Leasing 	 
	 	 	      Its:	 and Property Operations
	 	 	 
	 
	“TENANT”	TEKELEC,

a California corporation

 	 
	 	By:  	           /s/ Ronald W. Buckly
 	 
	 	Print Name:	Ronald W. Buckly 
	 	
Title:  	           Senior Vice President, Corporate

           Affairs and General Counsel	 
	 

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EXHIBIT “A”

OUTLINE OF EXTENSION SPACE

EXHIBIT “A”

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Exhibit 10.1

EIGHTH AMENDMENT TO CREDIT AGREEMENT

     THIS EIGHTH AMENDMENT TO CREDIT AGREEMENT (this “Eighth Amendment”) is dated as of the 27th
day of May, 2005 among CROWN CRAFTS, INC., CHURCHILL WEAVERS, INC., HAMCO, INC. and CROWN CRAFTS
INFANT PRODUCTS, INC. (collectively, the “Borrowers”), WACHOVIA BANK, NATIONAL ASSOCIATION
(successor by merger to Wachovia Bank, N.A.), as Agent (the “Agent”) and WACHOVIA BANK, NATIONAL
ASSOCIATION (successor by merger to Wachovia Bank, N.A.), BANC OF AMERICA STRATEGIC SOLUTIONS, INC.
(assignee of Bank of America, N.A.) and THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, as Lenders
(collectively, the “Lenders”);

WITNESSETH:

     WHEREAS, the Borrowers, the Agent and the Lenders executed and delivered that certain Credit
Agreement, dated as of July 23, 2001, as amended by First Amendment to Credit Agreement dated as of
September 28, 2001, Second Amendment to Credit Agreement dated as of November 25, 2002, Third
Amendment to Credit Agreement dated as of February 10, 2003, Global Amendment Agreement dated as of
April 29, 2003, Fifth Amendment to Credit Agreement dated as of August 1, 2003, Sixth Amendment to
Credit Agreement dated as of December 16, 2003 and Seventh Amendment to Credit Agreement dated as
of February 4, 2005 (as so amended, the “Credit Agreement”);

     WHEREAS, the Borrowers, the Agent and the Lenders have agreed to certain amendments to the Credit
Agreement to change certain financial covenants contained therein, subject to the terms and
conditions hereof;

     NOW, THEREFORE, for and in consideration of the above premises and other good and valuable
consideration, the receipt and sufficiency of which hereby is acknowledged by the parties hereto,
the Borrowers, the Agent and the Lenders hereby covenant and agree as follows:

     1. Definitions. Unless otherwise specifically defined herein, each term used herein
which is defined in the Credit Agreement shall have the meaning assigned to such term in the Credit
Agreement. Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar
reference and each reference to “this Agreement” and each other similar reference contained in the
Credit Agreement shall from and after the date hereof refer to the Credit Agreement as amended
hereby.

     2. Amendment to SECTION 1.01. SECTION 1.01 of the Credit Agreement hereby is amended by
deleting the definitions of “Aggregate Revolving Loan Commitments” and “Revolving Loan Termination
Date” and adding the following new definitions:

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          “Aggregate Revolving Loan Commitments” means the sum of all the Revolving Loan
Commitments, which, as of the Eighth Amendment Date, equals $7,500,000.

          “Eighth Amendment Date” means the date of the Eighth Amendment to Credit Agreement, amending
this Agreement, which is May 27, 2005.

          “Revolving Loan Termination Date” means the earliest to occur of: (i) July 23, 2007, (ii)
the date the Revolving Loan Commitments are terminated pursuant to SECTION 6.01 following
the occurrence of an Event of Default, or (iii) the date the Borrowers terminate the
Revolving Loan Commitments entirely pursuant to SECTION 2.07.

     3. Amendment to SECTION 2.16(b). SECTION 2.16(b) of the Credit Agreement hereby is deleted
in its entirety, and the following is substituted therefor.

          (b) if, after giving effect to the issuance of the requested Letter of Credit, (i) the
aggregate Letter of Credit Obligations plus the undrawn amount of letters of credit issued
or guaranteed by the Permitted Factor would exceed $1,500,000 or (ii) all of the then
outstanding Working Capital Obligations would exceed the Borrowing Base;

     4. Addition of SECTION 10.23. A new SECTION 10.23 hereby is added to the Credit
Agreement, as follows:

               SECTION 10.23 Process for Refinancing. The parties hereby agree that it
is their intent that the Obligations (including each Revolving Loans, any Settlement Loan
and the Term Loan) be paid in full, all Letters of Credit cancelled or fully cash
collateralized and the Revolving Loan Commitments terminated, and all of the Senior
Subordinated Loans, and all “Obligations”, as defined in the Senior Subordinated Notes
Purchase Agreement, be paid in full (collectively, a “Complete Refinancing”) at the earliest
possible time, but in any event prior to the Revolving Loan Termination Date, if at all
possible. Toward that end, the parties agree that the following provisions of this SECTION
10.23, which set forth the steps that shall be taken toward a refinancing, shall form and be
an integral part of this Agreement. The Parent agrees that it will seek diligently to
perform each individual task as promptly as practicable, pursuing the completion thereof
with all deliberate speed, but in any event no later than the relevant date set forth below.

          (a) Identification and Selection of Financial Parties. As soon as
reasonably possible, but in any event by no later than the last day of the Fiscal
Quarter ending in September, 2005, the Parent will contact and establish formal
meetings with at least three “Financial Parties” (which term shall mean each third
party identified pursuant hereto that may provide a source of funds to enable a
Complete Refinancing, and which shall include, but not be limited to, traditional
lenders, mezzanine lenders, other forms of debt providers and strategic or financial
buyers), at least two of the names of which shall be provided by the Lenders, to
discuss refinancing of the Parent’s existing capital structure and providing the
source of funds for a Complete Refinancing. The Parent agrees promptly upon (and in
any event within 10 Domestic Business Days of) its obtaining the relevant
information, to provide to the Agent and the Lenders, as to each of the Financial
Parties, its name, a primary contact person, and telephone number and e-mail
address, and the agreed-upon dates of meetings scheduled therewith. The Parent
agrees the Agent and each of the Lenders may contact the identified Financial
Parties at any time with respect to the progress of discussions and negotiations and
obtain such information as they may reasonably request regarding such discussions
and negotiation, and to respond to and provide such information as any Financial
Party may request regarding the financing under this Agreement and all matters,
transactions and events pertaining hereto.

          (b) Written Reports. As soon as reasonably possible, but in any event
by no later than the last day of the Fiscal Quarter ending in December, 2005, for
each Financial Party, the Parent will provide to the Agent and the Lenders a detailed written report
setting forth the

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	 	   	principal matters and terms of the discussions and negotiations
with such Financial Party, including a report containing the Parent’s assessment of
the meeting or meetings with such Financial Party and a copy of any agreed proposal
or term sheet provided by such Financial Party (promptly after receipt thereof)
arising from such discussions and negotiations, and will establish a conference call
with the Agent and the Lenders to discuss the results of the Parent’s findings.

               (c) Quarterly Conference Calls. As soon as reasonably possible, but in
any event by no later than 30 days after the last day of the Fiscal Quarter ending
in December, 2005, and by no later than 30 days after the last day each subsequent
quarter thereafter, until a Complete Refinancing has been accomplished, the Parent
will hold a conference call with the Agent and the Lenders to provide an update on
its refinancing efforts.

               (d) Identification and selection of Investment Banking Firm; Fees for
Violations. If (a) the Parent has breached any of the covenants or terms of
this SECTION 10.23 (unless waived in writing by the Required Lenders); or (b) prior
to the last day of the Fiscal Quarter ending in September 2006, the Parent has not
secured a financing proposal or term sheet that provides adequate financing to
effect a Complete Refinancing on terms that are satisfactory to the Parent, the
Parent agrees to seek Board approval to engage an investment banking firm. The
Parent agrees to interview a minimum of three investment banking firms, at least two
of the names of which shall be provided by the Lenders. Failure to obtain Board
approval to engage an investment banking firm by December 1, 2006 shall be deemed to
be a breach of this covenant, notwithstanding any good faith effort of the Parent in
seeking to obtain such approval.

	 	   	In addition, for each breach of any of the covenants or terms of this SECTION 10.23, the
Parent shall pay to the Agent, for the ratable account of the Lenders, a violation fee in
the amount of $10,000 (with the aggregate of such fees not to exceed $30,000), which fee
shall be payable within 2 Domestic Business Days of demand therefor by the Agent.

     5. Restatement of Representations and Warranties. The Borrowers hereby restate and
renew each and every representation and warranty heretofore made by them in the Credit Agreement
and the other Loan Documents as fully as if made on the date hereof (except where reference is
expressly made to a specific date, in which case such representation or warranty is true as of such
earlier date) and with specific reference to this Eighth Amendment and all other loan documents
executed and/or delivered in connection herewith.

     6. Effect of Amendment. Except as set forth expressly hereinabove, all terms of the
Credit Agreement and the other Loan Documents shall be and remain in full force and effect, and
shall constitute the legal, valid, binding and enforceable obligations of the Borrowers. The
amendments contained herein shall be deemed to have prospective application only, unless otherwise
specifically stated herein.

     7. Ratification. The Borrowers hereby restate, ratify and reaffirm each and every term,
covenant and condition set forth in the Credit Agreement and the other Loan Documents effective as
of the date hereof.

     8. Counterparts. This Eighth Amendment may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so executed and delivered
(which may be by facsimile) shall be deemed to be an original and all of which counterparts, taken
together, shall constitute but one and the same instrument.

     9. Section References. Section titles and references used in this Eighth Amendment shall
be without substantive meaning or content of any kind whatsoever and are not a part of the
agreements among the parties hereto evidenced hereby.

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     10. No Default. To induce the Agent and the Lenders to enter into this Eighth Amendment
and to continue to make advances pursuant to the Credit Agreement, the Borrowers hereby acknowledge
and agree that, as of the date hereof, and after giving effect to the terms hereof, there exists
(i) no Default or Event of Default and (ii) no right of offset, defense, counterclaim, claim or
objection in favor of the Borrowers arising out of or with respect to any of the Loans or other
obligations of the Borrowers owed to the Lenders under the Credit Agreement.

     11. Payoff of Term Loan. Notwithstanding any provision of the Credit Agreement to the
contrary, the Borrowers, the Agent and the Lenders hereby agree that on the second Business Day
following the effectiveness of this Eighth Amendment as provided in Section 14 hereof, the
Borrowers shall pay to the Lenders, in accordance with the provisions of the Credit Agreement
governing the manner in which payments shall be made and delivered thereunder, an aggregate amount
equal to the outstanding principal balance of the Term Loan as of such date, together with all
interest (including, without limitation, Contingent Interest) accrued thereon and unpaid as of such
date (the “Payment Amount”), and each of the Lenders hereby waives any and all rights that such
Lender may have under the Credit Agreement, including, without limitation, Section 8.05 thereof,
with respect to the payment by the Borrowers to the Lenders of any Yield-Maintenance Amount, but
such waiver is only in connection with the Term Loan, and not any Revolving Loan, any Settlement
Loan or any other Obligations, other than those that pertain only to the Term Loan. The Agent and
the Lenders hereby acknowledge and agree that upon the payment by the Borrowers to the Lenders of
the Payment Amount pursuant to this Section 11, (i) the Term Loan shall be fully and completely
satisfied; (ii) the Borrowers shall have no further liability or obligation with respect to such
Term Loan; and (iii) such payment of the Payment Amount shall not constitute, be deemed to be or
result in a breach of, or default under, any representation, warranty, covenant or obligation of
the Borrowers contained in the Credit Agreement or any agreement executed by the Borrowers in
connection therewith, including, without limitation, the Credit Documents and the Senior
Subordinated Notes Purchase Agreement. For purposes of this Section 11, all references to the
Credit Agreement shall be to the Credit Agreement as amended by this Eighth Amendment.

     12. Further Assurances. The Borrowers agree to take such further actions as the Agent
shall reasonably request in connection herewith to evidence the amendments herein contained.

     13. Governing Law. This Eighth Amendment shall be governed by, and construed and
interpreted in accordance with, the laws of the State of Georgia.

     14. Conditions Precedent. This Eighth Amendment shall become effective only upon (i)
execution and delivery (including by facsimile) of this Eighth Amendment by each of the parties
hereto and (ii) payment to the Agent, for the ratable benefit of the Lenders, of an amendment fee
in the amount of $75,000.

[SIGNATURES COMMENCE ON NEXT PAGE.]

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     IN WITNESS WHEREOF, the Borrowers, the Agent and each of the Lenders has caused this Eighth
Amendment to be duly executed, under seal, by its duly authorized officer as of the day and year
first above written.

	 	 	 	 	 	 	 
	 	 	CROWN CRAFTS, INC. (SEAL)
	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/ Amy Vidrine Samson	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Name: Amy Vidrine Samson	 	 
	

	 	 	 	Title: Vice President, CFO	 	 
	 
	 	 	 	 	 	 
	 	 	CHURCHILL WEAVERS, INC.,
	 	 	HAMCO, INC.
	 	 	CROWN CRAFTS INFANT
	 	 	     PRODUCTS, INC. (SEAL)
	 
	 	 	 	 	 	 
	

	 	By:
	 	/s/ Amy Vidrine Samson	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Name: Amy Vidrine Samson	 	 
	

	 	 	 	Title: Vice President	 	 

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	 	 	WACHOVIA BANK, NATIONAL	 	 
	 	 	ASSOCIATION (successor by merger	 	 
	 	 	to Wachovia Bank, N.A.), (SEAL)	 	 
	 	 	as Agent and as a Lender	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	

	 	By: 	 	/s/ Monica H. Cole	 	 	 
	 	 	 	 	 
	

	 	 	 	Name:	 	Monica H. Cole	 	 	 	 
	

	 	 	 	 	 	 	 	 	 	 
	

	 	 	 	Title:	 	Director	 	 	 	 
	

	 	 	 	 	 	 	 	 	 	 

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	 	 	BANC OF AMERICA STRATEGIC SOLUTIONS,	 	 
	 	 	INC. (assignee of Bank of America, N.A.), (SEAL)	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	

	 	By:	 	/s/ Kevin M. Behan	 	 	 
	 	 	 	 	 
	

	 	 	 	Name:	 	Kevin M. Behan	 	 	 	 
	

	 	 	 	 	 	 	 	 	 	 
	

	 	 	 	Title:	 	Senior Vice President	 	 	 	 
	

	 	 	 	 	 	 	 	 	 	 

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	 	 	THE PRUDENTIAL INSURANCE (SEAL)	 	 
	 	 	COMPANY OF AMERICA, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	

	 	By: 	 	/s/ Billy Greer	 	 	 
	 	 	 	 	 
	

	 	 	 	Name:	 	Billy Greer	 	 	 	 
	

	 	 	 	 	 	 	 	 	 	 
	

	 	 	 	Title:	 	Senior Vice President	 	 	 	 
	

	 	 	 	 	 	 	 	 	 	 

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