Document:

First Supplemental Indenture among Harry and David

 Exhibit 10.1 
 EXECUTION COPY 
 FIRST SUPPLEMENTAL INDENTURE 
 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of November 30, 2007, among Harry and David, an Oregon corporation
(the “Successor”), a Guarantor under the Indenture referred to below, and a subsidiary of Harry & David Operations Corp. (formerly Bear Creek Corporation), a Delaware corporation (the “Predecessor”), the
Guarantors party hereto and Wells Fargo Bank, N.A., as trustee under the Indenture referred to below (the “Trustee”). 
 WITNESSETH 
 WHEREAS, the Predecessor has heretofore executed and delivered to the Trustee an indenture (the
“Indenture”), dated as of February 25, 2005, providing for the issuance of Senior Floating Rate Notes due 2012 (the “Floating Rate Notes”) and 9.0% Senior Notes due 2013 (the “Fixed Rate
Notes,” and, together with the Floating Rate Notes, the “Notes”); 
 WHEREAS, in connection with an internal
corporate reorganization effective as of the date hereof, the Predecessor has (A) merged with and into the Successor and (B) immediately prior to the merger described in clause (A), consolidated certain of its Restricted Subsidiaries,
which are also Guarantors, by merging each of Bear Creek Stores, Inc. and Bear Creek Direct Marketing, Inc. with and into the Successor (the “Reorganization”); 
 WHEREAS, pursuant to Section 9.01(3) of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the
consent of the Holders. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of
which is hereby acknowledged, the Successor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
 1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 
 2. ASSUMPTION OF PREDECESSOR’S OBLIGATIONS. The Successor hereby assumes all rights and obligations of the Predecessor under the Notes
and the Indenture and the due and punctual payment of the principal of, and premium, if any, and accrued and unpaid interest on all the Notes, and the due and punctual performance and observance of all the covenants and conditions of the Indenture
to be performed by the Predecessor. All references in the Indenture, as amended hereby, to the “Company” shall be deemed to be references to “Harry and David,” as Successor, and the Successor shall succeed to and be substituted
for, and may exercise every right and power of, the Predecessor under the Indenture, in each case, with the same effect as if the Successor had been named as the “Company” initially therein and, as a result of the Reorganization the
Predecessor is released and discharged from all obligations and covenants under the Indenture. 
  

 3. RELEASE OF GUARANTORS. 
 (a) The parties hereto agree that as a result of the Reorganization, Bear Creek Direct Stores, Inc. is hereby released and discharged of any and all of
its obligations under its Note Guarantee, subject to the applicable provisions of the Indenture. 
 (b) The parties hereto agree that as a
result of the Reorganization, Bear Creek Direct Marketing, Inc. is hereby released and discharged of any and all of its obligations under its Note Guarantee, subject to the applicable provisions of the Indenture. 
 4. CONFLICT WITH THE TRUST INDENTURE ACT. If any provision of this Supplemental
Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act (the “TIA”) that is required under the TIA to be part of and govern any provision of this Supplemental Indenture, the provision of the TIA shall
control. If any provision of this Supplemental Indenture modifies or excludes any provision of the Supplemental Indenture that may be so modified or excluded, the provision of the TIA shall be deemed to apply to the Indenture as so modified or to be
excluded by this Supplemental Indenture, as the case may be. 
 5. SUCCESSOR; BENEFITS OF THIRD
SUPPLEMENTAL INDENTURE, ETC. All agreements of the Company in this Supplemental Indenture shall bind their respective successors. Nothing in this Supplemental Indenture or the Notes, express or implied,
shall give to any Person, other than the parties hereto and the Holders of the Notes and their respective successors, any benefit of any legal or equitable right, remedy or claim under the Indenture, this Supplemental Indenture or the Notes.

 6. RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART
OF INDENTURE. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 7. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 8.
COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 9. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

 10. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or
sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and
attested, all as of the date first above written. 
 Dated: November 30, 2007 
  

			
	 HARRY AND DAVID
 (as
Successor)

		
	By:	 	/S/ WILLIAM H. WILLIAMS
	Name:	 	William H. Williams
	Title:	 	Chief Executive Officer & President

  

			
	 WELLS FARGO BANK, N.A.,
 AS
TRUSTEE

		
	By:	 	/S/ JOSEPH P. O’DONNELL
		 	Authorized Signatory

  

			
	GUARANTORS:

  

			
	 HARRY & DAVID HOLDINGS, INC.

		
	By:	 	/S/ STEPHEN V. O’CONNELL
	Name:	 	Stephen V. O’Connell
	Title:	 	 Chief Financial Officer
 Chief Administrative Officer

  

			
	BEAR CREEK ORCHARDS, INC.
		
	By:	 	/S/ STEPHEN V. O’CONNELL
	Name:	 	Stephen V. O’Connell
	Title:	 	 Chief Financial Officer
 Chief Administrative Officer

  

			
	BEAR CREEK OPERATIONS, INC.
		
	By:	 	/S/ STEPHEN V. O’CONNELL
	Name:	 	Stephen V. O’Connell
	Title:	 	 Chief Financial Officer
 Chief Administrative Officer

  

 3Assumption among Harry and David, UBS AG, Stamford Branch

 Exhibit 10.2 
 EXECUTION COPY 
 ASSUMPTION AGREEMENT 
 THIS ASSUMPTION AGREEMENT (“Agreement”) dated as of this 30th day of November, 2007 is made by
Harry and David, an Oregon corporation (the “New Borrower”), pursuant to the Credit Agreement dated as of March 20, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”)
among Harry and David Operations Corp., a Delaware corporation (the “Old Borrower”), Harry & David Holdings, Inc., a Delaware corporation, the other Guarantors party thereto, the Lenders party thereto, UBS Securities LLC, as
Arranger, UBS Loan Finance LLC, as a Lender and Swingline Lender, UBS AG, Stamford Branch, as Issuing Bank, Administrative Collateral Agent and Administrative Agent, and GMAC Commercial Finance LLC, as Collateral Agent. Capitalized terms used herein
without definition shall have the meanings ascribed thereto in the Credit Agreement. 
 W I T N E S S E T H: 
 WHEREAS, pursuant to the Credit Agreement the Lenders have (i) made and committed to make Revolving Loans and Swingline Loans to the
Old Borrower and (ii) provided credit support for the issuance of Letters of Credit for the account of the Old Borrower; 
 WHEREAS, as of the date of this Agreement, the aggregate outstanding principal balance of the Revolving Loans is $40,000,000.00, the aggregate outstanding principal balance of the Swingline Loans is $0.00 and the outstanding
Letter of Credit obligations are $1,200,000.00; 
 WHEREAS, the Old Borrower has adopted a plan of corporate reorganization
(the “Reorganization”), whereby: 
 1. Bear Creek Stores, Inc., will merge with and into the New Borrower with the New Borrower as
the surviving corporation; 
 2. Bear Creek Direct Marketing, Inc. will merge with and into the New Borrower with the New Borrower as the
surviving corporation; and 
 3. the Old Borrower will merge with and into the New Borrower with the New Borrower as the surviving
corporation. 
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged by the New Borrower, the New Borrower hereby agrees with the Lenders as hereinafter set forth: 
 1. Assumption of
Obligations. The New Borrower hereby assumes, as its direct and primary obligation, payment of all of the Obligations of the Old Borrower owing to the Lenders and the Agents on the date hereof, and agrees to make all payments required under the
Credit Agreement and/or any of the other Loan Documents to discharge such Obligations as they become due or are declared due. The New Borrower also elects to be the “Borrower” for purposes of the Credit Agreement and each of the other Loan
Documents, effective from the date hereof, and agrees to assume, perform and discharge all of the Obligations of the Borrower under the Credit Agreement, to perform and observe all of the covenants and conditions of the Credit Agreement and each of
the other Loan Documents to be performed or observed by the Borrower thereunder, and to be bound in all respects by the terms of the Credit Agreement and each of the other Loan Documents, as if the New Borrower were originally signatory thereto as
the Borrower. 
  

 2. Acknowledgment of Liens. The New Borrower hereby acknowledges and agrees that all property,
whether real or personal, tangible or intangible, which the New Borrower receives or acquires an interest in as a result of the Reorganization shall be received or acquired subject to any and all Liens granted to the Collateral Agent for the benefit
of the Lenders. 
 3. Reaffirmation, Grant of Security Interest. The New Borrower hereby ratifies and affirms its obligations under
each of the Loan Documents executed by the New Borrower and its grant of liens on or security interests in its property, whether real or personal, tangible or intangible, pursuant to such Loan Documents, and acknowledges and agrees that each such
Loan Document shall remain in full force and effect in accordance with its terms after the Reorganization. Further, the New Borrower hereby pledges and grants to the Collateral Agent, for its benefit and for the benefit of the Secured Parties, a
lien on and security interest in all of the Pledged Collateral of the New Borrower as collateral security for the payment and performance in full of all of the Secured Obligations and Intercompany Obligations, including any such Secured Obligations
and Intercompany Obligations of New Borrower as the “Borrower”. 
 4. Representations and Warranties. The New Borrower
hereby represents and warrants to each Lender and the Agents as of the date hereof that: 
 (a) It is a corporation duly
organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation; it is duly qualified and in good standing (to the extent such concept is applicable to the applicable jurisdiction) to do business in every
jurisdiction where such qualification is required, except in such jurisdictions where failure to so qualify or be in good standing (other than in the jurisdiction of its incorporation), individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect; and it has the corporate power and authority to own its property and assets and to conduct its business substantially as such business is proposed to be conducted following the Reorganization, and to
execute, deliver and perform its obligations under this Agreement (and, thereby, to perform its obligations under the Credit Agreement), each other Loan Document to which it is a party or which it assumes pursuant hereto or by which it is bound.

 (b) It has taken all necessary corporate action to authorize the execution and delivery of, and the performance of its
obligations under, this Agreement and each other Loan Document to which it is a party or which it assumes pursuant hereto or by which it is bound. This Agreement and each other Loan Document to which it is a party or which it assumes pursuant hereto
or by which it is bound have been duly executed and delivered and constitute the legal, valid and binding obligations of the New Borrower in accordance with their terms, except as enforceability thereof may be limited by (i) applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity which may limit the availability of remedies. 
  

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 (c) The execution, delivery and performance by the New Borrower of this Agreement and
each Loan Document to which it is a party or which it assumes pursuant hereto or by which it is bound does not and will not violate any Requirements of Law (including, without limitation, the Securities Act of 1933 or the Securities Exchange Act of
1934 or Regulation T, U or X of the Board of Governors of the Federal Reserve System) or any contractual obligation of the New Borrower or any of its Subsidiaries and, except as contemplated by the Security Documents, do not and will not result in,
or require, the creation or imposition of any Lien on any of its properties or revenues pursuant to any Requirements of Law or any such contractual obligation of the New Borrower, and the New Borrower is not in violation of or in default under any
such Requirements of Law or contractual obligation the consequences of which default or violation, singly or in the aggregate, would be likely to have a material adverse effect on the business, operations, property or financial or other condition of
the New Borrower. 
 (d) Except as set forth on Schedule I hereto, no consent of any Person is required under any contractual
obligation of the New Borrower (including contractual obligations assumed by the New Borrower pursuant to this Agreement), and no consent or authorization of, or filing with, any Governmental Authority or any securities exchange is required of the
New Borrower or of any other Person in connection with the execution, delivery or performance by the New Borrower of this Agreement, each Loan Document to which it is a party or which it assumes pursuant hereto or by which it is bound, or the
assignment of, and the grant of a Lien in, the Collateral by the New Borrower in the manner and for the purpose contemplated by the Security Documents. All consents, authorizations and other approvals and filings set forth on Schedule I have been
obtained or made and are in full force and effect. 
 (e) Appropriate financing statements have been filed in the necessary
jurisdictions with respect to Collateral in which the New Borrower has or will have rights upon the Reorganization and as to which financing statements are required to be filed, appropriate steps have been taken with respect to other Collateral in
which the New Borrower has or will have rights upon the Reorganization as requested by the Collateral Agent, and the Lien created by the Security Agreement on such Collateral is, or upon the Reorganization will be, a valid, continuing and perfected
Lien, subject only to Permitted Liens. 
 5. Address for Notices. The address to which notices to the New Borrower under the Credit
Agreement should be directed is: 
 Harry and David 
 2518 South Pacific Highway 
 Medford, Oregon, 97501 
 Attention: Chief Financial officer 
 Telecopy
No.: (541) 864-2784 
  

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 with a copy to: 
 Wasserstein & Co., LP 
 1301 Avenue of the Americas 
 New York, NY 10019 
 Attention: George L.
Majoros, Jr. 
 Telecopy No.: (212) 702-5635 
 6. Governing Law. This Agreement shall be construed in accordance with and governed by the law of the State of New York, without regard to conflicts of law principles that would require the application of the
laws of another jurisdiction. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under
applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 
 [Signature Pages Follow] 
  

 4 

 IN WITNESS WHEREOF, the undersigned has caused this
Agreement to be duly executed and delivered by its proper and duly authorized officer as of the day and year first above written. 
  

			
	HARRY AND DAVID
		 	
	By:	 	/S/ STEPHEN V. O’CONNELL
		 	 
	Name:	 	Stephen V. O’Connell
	Title:	 	CFO & CAO

 Receipt of the foregoing Assumption Agreement is hereby acknowledged on and as of the date
set forth above. 
  

			
	UBS AG, STAMFORD BRANCH,
	as Administrative Agent
		 	
		 	
	By:	 	/S/ DAVID B. JULIE
		 	 
	Name:	 	David B. Julie
	Title:	 	Associate Director
		 	
		 	
	By:	 	/S/ RICHARD L. TAVROW
		 	 
	Name:	 	Richard L. Tavrow
	Title:	 	Director
		 	
		 	
	GMAC COMMERCIAL FINANCE, LLC,
	as Collateral Agent
		 	
		 	
	By:	 	/S/ JOSEPH SKAFEROWSKY
		 	 
	Name:	 	Joseph Skaferowsky
	Title:	 	Director

 [Signature Page to the Assumption Agreement] 
  

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 ACKNOWLEDGEMENT AND CONSENT 
 Each of the undersigned (i) hereby acknowledges and consents to each of the terms of the attached Assumption Agreement, and (ii) acknowledges,
ratifies and confirms all of its obligations and undertakings under the Credit Agreement and related Loan Documents and agrees that all of its obligations and undertakings thereunder shall remain in full force and effect in accordance with the terms
thereof after giving effect to the attached Assumption Agreement. 
  

			
	BEAR CREEK ORCHARDS, INC.
		 	
		 	
	By:	 	/S/ STEPHEN V. O’CONNELL
		 	 
	Name:	 	Stephen V. O’Connell
	Title:	 	CFO & CAO
		 	
		 	
	BEAR CREEK OPERATIONS, INC.
		 	
		 	
	By:	 	/S/ STEPHEN V. O’CONNELL
		 	 
	Name:	 	Stephen V. O’Connell
	Title:	 	CFO & CAO
		 	
	HARRY & DAVID HOLDINGS, INC.
		 	
		 	
	By:	 	/S/ STEPHEN V. O’CONNELL
		 	 
	Name:	 	Stephen V. O’Connell
	Title:	 	CFO & CAO

 [Signature Page to the Assumption Agreement] 
  

 6

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