Document:

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                                                                  Exhibit 10 (j)

                                RELEASE AGREEMENT

         This Release Agreement (this "Agreement") is entered into by and
between Allan G. Keirstead, a resident of 330 Starboard Lane, Osterville, MA
02655 (hereinafter referred to as "Associate"), and Enesco Group, Inc., a
Massachusetts corporation having a principal place of business at 225 Windsor
Drive, Itasca, Illinois (hereinafter referred to as the "Company").

         In consideration for the promises, conditions and representations set
forth herein and the severance payments being provided to Associate by the
Company as set forth below, and for other good and valuable consideration, the
receipt and sufficiency of which hereby are acknowledged by Associate and the
Company (hereinafter sometimes referred to collectively as the "Parties"), the
Parties hereby agree as follows:

         1. Termination Date. Associate's employment with the Company shall
terminate as of the close of business on January 31, 2001 (the "Termination
Date").

         2. Continuation of Salary and Benefits After Termination. Prior to the
Termination Date, Associate's salary and his participation in all compensation
and benefit plans and programs in which he currently is a participant or from
which he currently receives benefits will remain in effect on the same terms as
are in effect on the Effective Date (as defined in Paragraph 20).

         As of the Termination Date, Associate's salary and any other
compensation and benefits he receives from the Company will terminate, other
than compensation and/or benefits to which he continues to be entitled (a)
pursuant to the terms of this Agreement, (b) as a matter of federal or state
law, (c) pursuant to the agreements between the Parties listed below or (d)
pursuant to the terms of the compensation or benefit plans or programs in which
he continues to be a participant or has a right to receive such compensation or
benefits after the Termination Date listed below.

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         The agreements and compensation and benefit plans and programs referred
to herein are as follows:

    -   medical, dental and vision employee group insurance plan under the
        existing policy applicable to Associate or a substantially equivalent
        successor policy or policies;

    -   life/accidental death and dismemberment group insurance plan under the
        existing policies applicable to Associate or a substantially equivalent
        successor policy or policies;

    -   Stanhome Pension Plan Annuity under Policy #GA-20136 issued by Hartford
        Life Insurance Company;

    -   Enesco Group, Inc. Retirement Plan, restated as of January 1, 1999, as
        amended;

    -   Enesco Group, Inc. Supplemental Retirement Plan, restated as of January
        1, 1999, as amended;

    -   Stanhome Inc. 1984 Stock Option Plan, as amended;

    -   Stanhome Inc. 1991 Stock Option Plan, as amended;

    -   Stanhome Inc. 1996 Stock Option Plan, as amended; and

    -   Stanhome Matching Gifts Program.

    -   Change in Control Agreement effective January 1, 1992

         With respect to those Company compensation and benefit plans and
programs in which Associate will continue to participate subsequent to the
Termination Date, Associate's participation in such compensation and benefit
plans and programs will be on terms no less favorable than those in effect as of
the Effective Date. Furthermore, the Company and Associate agree that, after his
Termination Date he will not become entitled to any increased benefits under
such compensation and benefit plans and programs, but the benefits payable by
the Company to Associate thereunder shall be based upon his length of service
and compensation level as of the Termination Date.

         3. Consideration.

                  A. Severance Payments. Following the Termination Date, and for
a period of 78 consecutive bi-weekly (two-week) periods commencing on February
1, 2001 and ending on January 31, 2004. (the "Severance Period"), Associate will
receive severance payments equal to $16,384.615 per bi-weekly (two-week) period,
gross, without giving effect to any federal or state income tax or other
withholding payments which the Company may be legally required to deduct
therefrom. Such payments are in addition to anything of value to which Associate
is already entitled or provided pursuant to this Agreement, or any other
agreement between the Parties or other Company plan or program listed in
Paragraph 2. Moreover, such severance

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payments are not intended to include any unused, accrued vacation time to which
Associate may be entitled or any other accrued but unpaid compensation or
benefit to which Associate may be entitled under any Company compensation or
benefit plan or program. The Company may, at any time, in its sole discretion,
distribute any remaining payments in a lump sum.

                  B. Employee Stock Options Notwithstanding anything to the
contrary in any benefit plan, policy, agreement or arrangement (or elsewhere),
options granted to the Associate under any of the Company's stock option plans
will continue to vest as if Associate had continued employment with the Company
for the Severance Period and remain exercisable by the Associate or his guardian
or legal representative in accordance with the terms of those stock option plans
until the earlier to occur of (a) the date which is three years after the date
of termination of the Associate's employment with the Company or (b) the date
which is 10 years after the date of grant of the option.

                  C. Insurance Benefits

                  Medical Insurance Associate will continue to be covered by the
medical, dental and vision employee group insurance under the existing policies
applicable to associate or a substantially equivalent successor policy or
policies (the "Plan"), regardless of the location of associate's eventual
residence within the United States and regardless of his coverage by any other
medical, dental or vision insurance plans. Should the Plan be terminated in the
future, the Company and its successors and assigns, as applicable, agree to
provide Associate with coverage that is substantially the same as provided in
the Plan. Associate's coverage will cease when he qualifies for Medicare.
Dependent coverage will be continued or provided as to his spouse until
Associate's spouse qualifies for Medicare. However, if coverage has not
otherwise already ended, then coverage shall end for Associate's spouse and
other dependents when Associate reaches his 71st birthday or, in the event of
Associate's death before he reaches age 71, the date when Associate would have
reached his 71st birthday, it being intended that coverage for Associate's
spouse and other dependents shall continue until the date when Associate would
have reached his 71st birthday.

                  During the Severance Period, Associate will contribute to the
cost of the personal and dependent coverage the same dollar amount (currently,
$64.94 per month for family medical and vision coverage and $4.15 per month for
family dental coverage) on the same basis as he would contribute to such
coverage if he had remained in the employ of the Company and the Company, its
successors and assigns, will contribute the remainder of such cost, with the
Associate's cost being adjusted as necessary to be the same cost as may be in
effect for medical, dental and vision coverage of similarly situated active
employees of the company and its successors and assigns (i.e.,active

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employees of the Company at the same executive level that Associate attained
prior to termination of his employment with the Company).

                  Upon expiration of the Severance Period, the Company and its
successors and assigns, as applicable, will contribute up to $400 per month
towards the cost of Associate's personal and dependent coverage. Once the cost
to Associate of the personal and dependent coverage exceeds $400 per month, the
Company will share with him equally the increase in cost over that amount on a
50/50 basis. The continued medical, dental and vision coverage, as set forth in
the Plan and the guaranteed contributions outlined above toward both personal
coverage and dependent coverage, are binding upon and may not be revoked by the
Company or any of its successors or assigns and will continue until coverage
ceases as outlined above provided that Associate has paid his portion of the
premium. In the event that Associate fails to pay his portion of the premium on
time, the Company will pay the full premium and notify Associate of his failure
to make timely payment. Associate shall have ten (10) days from his receipt of
such notice to cure his failure to pay by repaying to the Company the amount
advanced by the Company on his behalf, and the Company shall not allow his
insurance coverage to be cancelled or to lapse until such ten-day period shall
have expired.

                  The Company, its successors and assigns, shall continue to
provide at its sole expense the life insurance ($849,200 Death Benefit) and
accidental death and dismemberment employee insurance coverage, as presently in
effect, through the end of the Severance Period.

                  The Termination Date shall be treated as an event under the
Consolidated Budget Reconciliation Act of 1985 ("COBRA"), and Associate will
receive COBRA information under separate cover.

                  D. References. The Company will provide references for
Associate in accordance with its policy.

                  E. Taxes. Applicable taxes on all payments, transfers and
other consideration referred to herein will be the sole responsibility of
Associate, provided that the Company shall deduct applicable federal and state
income tax and other required withholding on the payments provided for herein.

                  F. Vacation Pay. Any accrued, unused vacation for calendar
year 2001 will be paid to the Associate in a lump sum immediately following the
Termination Date.

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         4. Annuity. Associate's benefits from the Stanhome Inc. Pension Plan
Annuity under Policy #GA-20136 issued by Hartford Life Insurance Company also
shall remain in full force and effect.

         5. Release.

                  A. From Associate to the Company. In exchange for the
compensation described in Paragraph 2 and for other good and valuable
consideration, Associate hereby agrees that he, his representatives, heirs,
executors, administrators, agents, estate, successors and assigns release and
forever discharge the Company and its affiliates and their successors,
predecessors, assigns, directors, stockholders or shareholders, officers,
employees and/or agents, both individually and in their official capacities with
the Company and/or its affiliates, from any and all actions, causes of action,
suits, claims, demands, obligations, costs, judgments, complaints, contracts,
agreements, promises, debts, damages, and liabilities of whatever kind or
nature, at law, in equity or otherwise, whether existing or contingent, known or
unknown, relating to any matter, cause or thing whatsoever arising on or prior
to the date of this Agreement, including but not limited to rights or claims
relating in any way to Associate's employment with or his termination of
employment from the Company, including but not limited to claims arising under
common law, contract, implied contract, public policy, tort, personal injury or
any federal, state or local statute, law, constitution, ordinance, regulation or
order, including but not limited to the Age Discrimination in Employment Act, as
amended, 29 U.S.C. Section 621, et seq., Title VII of the Civil Rights Act, The
Americans with Disabilities Act, The Illinois Human Rights Act and/or any other
applicable employment-related federal, state or local statute, law, ordinance,
regulation or order; provided, however, that nothing contained in this Paragraph
5.A. shall limit Associate's right to enforce the terms or sue for breach of (i)
this Agreement, any agreement listed in Paragraph 2 of this Agreement or any
other agreement whatsoever unrelated to compensation and severance matters
between the Parties hereto whether or not such agreement is listed in Paragraph
2 of this Agreement, (ii) any compensation or benefit plan or program in which
he remains a participant or beneficiary beyond the Termination Date in
accordance with the provisions of Paragraph 2. This release is intended by
Associate to be a general release as to the claims described herein.

                  B. From the Company to Associate. In exchange for Associate's
release of the Company and the covenants made by Associate in Paragraph 10
hereof, the Company hereby agrees that it and its affiliates and subsidiaries,
and their successors, predecessors, assigns, directors, stockholders or
shareholders, officers, employees and agents, both individually and in their
official capacities with the Company and its affiliates, attorneys and agents
release and forever discharge Associate, his representatives, heirs, executors,
administrators, agents, attorneys, estate, successors

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and assigns, from any and all actions, causes of action, suits, claims, demands,
obligations, costs, judgments, complaints, contracts, agreements, promises,
debts, damages and liabilities of whatever kind or nature, at law, in equity or
otherwise, whether existing or contingent, known or unknown, relating to any
matter, cause or thing whatsoever arising on or prior to the date of this
Agreement, including but not limited to rights or claims relating in any way to
Associate's employment with or his termination of employment from the Company or
his representation of the Company in his capacity as Chief Financial Officer;
provided, however, that nothing contained in this Paragraph 5.B. shall limit the
Company's right to enforce the terms or sue for breach of (i) this Agreement,
any agreement listed in Paragraph 2 of this Agreement or any other agreement
whatsoever unrelated to compensation and severance matters between the Parties
hereto whether or not such agreement is listed in Paragraph 2 of this Agreement
or (ii) any compensation or benefit plan or program in which he remains a
participant or beneficiary beyond the Termination Date in accordance with the
provisions of Paragraph 2. This release is intended by the Company to be a
general release as to the claims described herein.

         6. Indemnification. To the extent that Associate is not otherwise
indemnified under a Company by-law or insurance policy, the Company will
indemnify and hold harmless Associate against all liabilities and expenses,
including amounts paid in satisfaction of judgments, in compromise or as fines
and penalties, and counsel fees, reasonably incurred by Associate in connection
with the defense or disposition of any action, suit or other proceeding, whether
civil or criminal, in which Associate may be involved or with which Associate
may be threatened arising out of actions taken by Associate in his capacity as
an officer, director, employee, agent, representative of, or Chief Financial
Officer to, the Company or a direct or indirect subsidiary of the Company or, at
the Company's request, another organization, or in any capacity with any
employee benefit plan of the Company or such a subsidiary or organization, or in
connection with the prosecution of any action, suit or proceeding, whether civil
or criminal, in which Associate may be acting for or on behalf of the Company,
in any such case with the exception of actions by him with respect to which a
court of competent jurisdiction determines that Associate did not act in good
faith in the reasonable belief that his action was in the best interest of the
Company, or to the extent such claim relates to his service with respect to an
employee benefit plan, in the best interest of the participants or beneficiaries
of such employee benefit plan, without regard to the date when such claim is
brought. Expenses, including without limitation counsel fees, reasonably
incurred by Associate in connection with the defense or disposition of any such
action, suit or other proceeding shall be paid from time to time by the Company
in advance of the final disposition thereof upon receipt of an undertaking by
Associate to repay to the Company the amounts previously advanced if it shall be
adjudicated that indemnification for such expenses is not authorized hereunder.

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         7. Waiver of Rights and Claims Under the Age Discrimination in
Employment Act, as Amended. Associate has been informed that because he is over
40 years of age, he has or might have specific rights and/or claims under the
Age Discrimination in Employment Act, as amended. In consideration for the
compensation described hereunder, Associate specifically waives the rights
and/or claims to the extent that such rights and/or claims arose prior to the
date this Agreement was executed. Associate acknowledges that he has been
provided the information or materials required by law in connection with this
waiver.

         8. Company Files, Documents and Other Property. Associate warrants that
he will return to the Company upon its request all keys or other items,
including all Company files, reports, books, data and documents, that are in his
possession or control and that are the property of the Company (and not his
personal files, reports, books, data and documents).

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         9. Advice and Representations.

                  A. Associate is hereby advised by the Company to consult with
an attorney prior to executing this Agreement.

                  B. Associate was further advised, when he was presented with
this Agreement on or before December 3, 2000, that he had at least 45 days
within which to consider the Agreement, until the close of business on January
17, 2001.

                  C. This Agreement shall be governed by and construed in
accordance with the laws of the State of Massachusetts, without giving effect to
the principles of conflicts of law thereof.

                  D. The terms of this Agreement are contractual in nature and
not a mere recital. Captions herein are inserted for convenience, do not
constitute a part of this Agreement and shall not be admissible for the purpose
of proving the intent of the parties.

                  E. Associate represents that he has read this Agreement, fully
understands the terms and conditions of this Agreement and is knowingly and
voluntarily executing the same without any duress or undue influence.

         10. Confidential Information. Associate agrees that he will not use or
disclose to anyone (other than for the benefit of the Company) at any time
hereafter, any Confidential Information obtained by him or made known to him
while employed by the Company and will make all reasonable, necessary and
appropriate efforts to safeguard all such Confidential Information from
disclosure to anyone other than as permitted hereby. As used herein,
"Confidential Information" includes, but is not limited to, trade secrets,
business and sales policies, methods, plans and customer lists, including any
lists (written or other) of such persons or entities, whether of the Company or
any other organization associated or affiliated with or owned by or owning the
Company, but shall not include information which becomes generally available to
the public other than as a result of disclosure by Associate's act or default or
the act or default of Associate's agents or representatives.

         11. Resignation and Stock Transfers. Upon the Termination Date,
Associate agrees to (i) leave and/or resign from any position held by him with
the Company or any direct or indirect affiliated company or organization,
including but not limited to positions as an officer, director, committee member
or any other position, (ii) take any action necessary to transfer shares of
stock held in his name or

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for his benefit on behalf of the Company in any direct or indirect affiliate of
the Company, as requested by the Company, to the Company or a designee of the
Company and (iii) take any action and execute anything as may be necessary to
accomplish the foregoing.

         12. Binding Effect. This Agreement shall be binding upon and inure to
the benefit of any successor or assign of the Company, and any such successor or
assign shall be deemed substituted for the Company under the terms of this
Agreement, and as a condition thereof, such successor or assign shall expressly
assume in writing the rights, duties and obligations of the Company. As used in
the Agreement, the term "successor or assign" or "successors or assigns" shall
include any person, firm, corporation or other entity which at any time, whether
by merger, consolidation, purchase or otherwise, acquires all or substantially
all of the assets, capital stock or business of the Company. The rights and
obligations of Associate under this Agreement, including without limitation his
right to exercise vested stock options, shall inure to the benefit of, be
binding upon, be exercisable by and be enforceable by Associate's personal or
legal representatives, executors, administrators, successors, heirs,
distributees, devisees and legatees. If Associate should die while any amount
would still be payable to him hereunder if he had continued to live, all such
amounts, unless otherwise provided herein, shall be paid in accordance with the
terms of this Agreement to his devisee, legatee or other designee or if there is
no such designee, to his estate.

         13. Amendment or Modification. This Agreement may not be amended,
modified, altered or changed except upon written consent of the Parties.

         14. Severability. The illegality, invalidity or unenforceability of any
particular provision of this Agreement shall not affect the legality, validity
or enforceability of the remaining parts, terms or provisions of this Agreement,
but the obligation to be fulfilled under such illegal, invalid or unenforceable
provision shall automatically be reduced to the limit of legality, validity or
enforceability prescribed by law, and this Agreement shall be construed in all
respects as if such invalid or unenforceable provision were omitted.

         15. Waiver. No waiver of any provision of this Agreement shall be
effective unless made in writing and signed by the waiving party. The waiver of
any breach of this Agreement by either party or the failure of either party to
require the performance of any term or obligation of this Agreement, in whole or
in part, in any one instance, shall not constitute a waiver of or prevent any
subsequent enforcement of such term or obligation in another instance or be
deemed a waiver of any subsequent breach.

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         16. Entire Agreement. Associate and the Company agree that this
Agreement contains and constitutes the entire understanding and agreement
between the Parties hereto respecting the terms of Associate's termination from
the Company and, except as expressly provided herein, supersedes, cancels and
replaces all previous written or verbal negotiations, agreements, commitments
and writings in connection with severance or compensation arrangements,
including the letter to Associate from G. William Seawright dated September 2,
1997.

         17. Execution. This Agreement may be executed in two duplicate
counterparts, each of which shall be treated as an original, but both of which
together shall constitute one and the same instrument, and in pleading or
proving any provision of this Agreement, it shall not be necessary to produce
more than one such counterpart.

         18. Change In Control. If a Change In Control, as defined in the
Corporate Severance Policy dated November 1996, occurs after the Termination
Date, any payments yet to be made to Associate under Paragraph 3.A shall be paid
in a lump sum upon the occurrence of such Change In Control. Notwithstanding the
foregoing, the meaning of the term "Severance Period," as defined in Paragraph
3.A., shall not change in this or any other event.

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         19. Notice. Any notice required or made under this Agreement shall be
in writing and shall be delivered by certified mail, return receipt requested,
by FedEx or other overnight delivery service or by facsimile, if confirmed, as
follows:

                  a.       to Associate

                           Allan G. Keirstead
                           330 Starboard Lane
                           Osterville, MA  02655

                  b.       to the Company

                           Enesco Group, Inc.
                           Chancellory Business Park
                           225 Windsor Drive
                           Itasca, IL  60143
                           Facsimile:  630-875-5846
                           Attention:  John F. Cauley
                                        Chairman of the Board
                                        Interim Chief Executive Officer

         Either party may change the address to which notices are to be sent by
providing notice in writing to the other Party in accordance with the terms
hereof.

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         20. Effective Date. Associate may revoke this Agreement for a period of
seven days following its execution by him, and the Agreement shall not become
effective or enforceable until the date upon which this revocation period has
expired (the "Effective Date"). If the Effective Date is later than the
Termination Date, all payments that would have been made prior to such date
shall be paid as of the Effective Date.

         Executed this 21st day of December, 2000.

                                            /s/ Allan G. Keirstead
                                            ------------------------------
                                            Allan G. Keirstead

                                            ENESCO GROUP, INC.

                                            By:/s/ John F. Cauley
                                               ---------------------------
                                               John F. Cauley
                                               Chairman of the Board
                                               Interim Chief Executive Officer

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                                                                   EXHIBIT 10(u)

                     FIRST AMENDMENT TO AMENDED AND RESTATED
                        SENIOR REVOLVING CREDIT AGREEMENT

         This FIRST AMENDMENT TO AMENDED AND RESTATED SENIOR REVOLVING CREDIT
AGREEMENT (the "Amendment") is made as of this 27th day of November, 2000, by
and among ENESCO GROUP, INC., a Massachusetts corporation (the "Borrower"), the
Borrowing Subsidiaries who may from time to time become a party to the Amended
and Restated Senior Revolving Credit Agreement, and FLEET NATIONAL BANK, a
national banking association (the "Bank").

                                    RECITALS

         The Borrower and the Bank are parties to a certain Amended and Restated
Senior Revolving Credit Agreement dated as of August 23, 2000 (the "Credit
Agreement") pursuant to which the Bank has extended certain financial
accommodations to the Borrower including those evidenced by a Borrower Note in
the face amount of $50,000,000 dated August 3, 2000. The Borrower has requested
and the Bank has agreed to extend certain additional financial accommodations to
the Borrower including, without limitation, (i) a foreign exchange facility in
the amount of $10,000,000, and (ii) a letter of credit facility in the amount of
$25,000,000, all as more fully described and set forth hereinbelow. Capitalized
terms not otherwise defined in this Amendment shall have their meanings as
defined in the Credit Agreement.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Borrower and the Bank agree
that the Credit Agreement is amended as follows:

         1.       The following definitions are added to ARTICLE I:

                           "Back-Up F/X Demand Note" means a promissory note, in
                  substantially the form of Exhibit "A-4" hereto, duly executed
                  by the Borrower and payable to the order of the Bank in the
                  amount of the F/X Facility, including any amendment,
                  modification, renewal or replacement of such promissory note.

                           "Back-Up L/C Demand Note" means a promissory note, in
                  substantially the form of Exhibit "A-3" hereto, duly executed
                  by the Borrower and payable to the order of the Bank in the
                  amount of the L/C Facility, including any amendment,
                  modification, renewal or replacement of such promissory note.

                           "F/X Facility" is defined in Section 2.1.A.

                           "F/X Facility Limit" means the obligation of the Bank
                  pursuant to Section 2.1.A to make Advances to be used for the
                  purchase of foreign currencies up to an
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                  aggregate amount of all such Advances outstanding at any given
                  time of $10,000,000.

                           "L/C Facility" is defined in Section 2.1.B.

                           "L/C Facility Limit" means the obligation of the Bank
                  pursuant to Section 2.1.B to issue Letters of Credit up to an
                  aggregate stated amount of all such Letters of Credit
                  outstanding at any given time of $25,000,000.

         2.       The definition of "Advance" which appears in ARTICLE I is
                  deleted in its entirety and replaced with the following:

                           "Advance" means a borrowing under Section 2.1
                  consisting of (i) the aggregate amount of the several Loans of
                  the same Type and, in the case of LIBOR Advances or Cost of
                  Funds Advances, for the same Interest Period, made by the Bank
                  to a Credit Party pursuant to Section 2.3, (ii) reimbursement
                  obligations arising as a result of Letters of Credit issued
                  pursuant to Section 2.1.A, or (iii) reimbursement obligations
                  arising in connection with foreign exchange transactions
                  pursuant to Section 2.1.B.

         3.       The definition of "Notes" which appears in ARTICLE I is
                  deleted in its entirety and replaced with the following:

                           "Notes" means, collectively, the Borrower Note, the
                  Borrowing Subsidiary Note, the Back-Up F/X Demand Note and the
                  Back-Up L/C Demand Note.

         4.       The following new Section 2.1.A is added:

                           2.1.A. Foreign Exchange Facility. From and including
                  the date of this Agreement and prior to the Facility
                  Termination Date, the Bank agrees, on the terms and conditions
                  set forth in this Agreement, upon request of the Borrower, to
                  make Advances in amounts subject to the F/X Facility Limit to
                  be used for the purchase of such foreign currencies as may be
                  hereafter agreed to by the Bank pursuant to contracts or other
                  agreements to purchase such foreign currency from the Bank (as
                  principal or agent) with settlement dates up to the Facility
                  Termination Date (the "F/X Facility"), it being understood,
                  however, that the F/X Facility shall not be used for currency
                  speculation purposes. In the event that the Bank is required
                  to advance funds to purchase foreign currency on account of
                  its obligation as Borrower's principal or agent, the Bank may
                  charge Borrower's account therefor and such charges shall be
                  deemed to be Advances. To the extent there is insufficient
                  availability under the Commitment, the reimbursement
                  obligations arising in connection with such foreign exchange
                  transactions shall be evidenced by and subject to the terms of
                  the Back-Up F/X Note.

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         5.       The following new Section 2.1.B is added:

                           2.1.B. Letter of Credit Facility. From and including
                  the date of this Agreement and prior to the Facility
                  Termination Date, the Bank agrees, on the terms and conditions
                  set forth in this Agreement, upon request of the Borrower, to
                  issue Letters of Credit (in addition to Letters of Credit
                  provided for in the Commitment) subject to the L/C Facility
                  Limit with expiration dates of not later than the Facility
                  Termination Date (the "L/C Facility").

                           The Letters of Credit shall be issued in accordance
                  with the Bank's customary practices at the time of issuance,
                  utilizing documentation prevailing at such times and, if drawn
                  upon, amounts paid thereon shall be repaid by the Borrower
                  upon demand, in full reimbursement to the Bank of all such
                  amounts drawn upon under any Letter of Credit issued pursuant
                  hereto, and in full payment of any such additional
                  reimbursement obligations as may be contained in any
                  documentation executed by the Borrower in conjunction with the
                  issuance of such Letters of Credit.

                           To the extent repayment of all amounts reimbursable
                  to the Bank for drawings against Letters of Credit is not
                  immediately made, and to the extent there is availability
                  sufficient under the Commitment, the amount of such drawings
                  shall be charged as Loans under the Borrower Note. To the
                  extent there is insufficient availability under the
                  Commitment, the reimbursement obligations resulting from such
                  drawings shall be evidenced by and subject to the terms of the
                  Back-Up L/C Demand Note.

         6.       Section 2.2 is deleted in its entirety and replaced with the
                  following:

                           2.2. Required Payments; Termination. Any outstanding
                  Advances pursuant to Section 2.1 and all other unpaid
                  Obligations shall be paid in full by the Credit Party which
                  incurred such Obligations on the Facility Termination Date.
                  Any outstanding Advances pursuant to Section 2.1.A or Section
                  2.1.B shall be payable on demand, and if demand is not sooner
                  made, on the Facility Termination Date.

         7.       Section 7.2 is deleted in its entirety and replaced with the
                  following:

                           7.2. Nonpayment of principal under any Note when due,
                  nonpayment of principal under the Back-Up F/X Demand Note or
                  Back-Up L/C Demand Note upon demand, or nonpayment of interest
                  upon any Note or of any Facility Fee or other Obligation under
                  any of the Loan Documents within five days after the same
                  becomes due.

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         8.       The following is added as Section 2.19:

                           2.19. Overadvances. Nothing herein shall be construed
                  to restrict the Bank, in its sole and exclusive discretion,
                  from making Advances in excess of the Commitment, the F/X
                  Facility Limit or the L/C Facility Limit, or Advances in
                  excess of the face amount of any Note, without requirement of
                  execution of additional notes, or otherwise modifying this
                  Agreement or any instrument to accommodate any such Advance in
                  excess of the face amount of any Note, and in so doing at any
                  time or times, the Bank shall not waive its rights to insist
                  upon strict compliance with the terms of this Agreement, the
                  Notes, or any document or instrument granting security to the
                  Bank or other instruments executed in connection with this
                  Agreement, at any other time, and to further rely upon all
                  collateral secured to it for satisfaction of all Obligations
                  of the Borrower and/or Borrowing Subsidiaries to the Bank,
                  without exception.

         9.       EXHIBIT "A-3" attached hereto is hereby added to the Credit
                  Agreement as EXHIBIT "A-3" thereof.

         10.      EXHIBIT "A-4" attached hereto is hereby added to the Credit
                  Agreement as EXHIBIT "A-4" thereof.

         11.      Except as amended, modified or supplemented by this Amendment,
                  all of the terms, conditions, covenants, provisions,
                  representations, warranties and conditions of the Credit
                  Agreement shall remain in full force and effect and are hereby
                  acknowledged, ratified, confirmed and continued as if fully
                  restated hereby.

         12.      The invalidity or unenforceability of any term or provision
                  hereof shall not affect the validity or enforceability of any
                  other term or provision hereof or contained in the Credit
                  Agreement.

         13.      It is the intention of the parties hereto that this Amendment
                  shall not constitute a novation and shall in no way adversely
                  affect or impair performance of the obligations of the
                  Borrower under the Credit Agreement.

         14.      The Borrower hereby confirms and ratifies the obligations
                  established under the Credit Agreement, as amended hereby.

         15.      This Amendment is to be governed and construed in accordance
                  with the laws of the Commonwealth of Massachusetts.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       4
<PAGE>   5
         IN WITNESS WHEREOF, the foregoing has been executed as an instrument
under seal as of the date first above written.

WITNESS:                                 ENESCO GROUP, INC.

                                         By: /s/ Jeffrey W. Lemajeur
                                            -----------------------------------
                                         Print Name: Jeffrey W. Lemajeur
                                                     --------------------------
                                         Title: Treasurer
                                                -------------------------------

                                         By: /s/ Allan Keirstead
                                            -----------------------------------
                                         Print Name: Allan G. Keirstead
                                                     --------------------------
                                         Title: CFO
                                               --------------------------------

                                         FLEET NATIONAL BANK

                                         By: /s/ Sheryl L. McQuade
                                             ----------------------------------
                                             Its Vice President

                                       5

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