Document:

Loan Facility of THB243 million offered by Bank Thai (Public) Co. Ltd

 Exhibit 4.7 
  
 TRANSLATION 
  

			
	
	- Company Seal Affixed - Signed -

  
 MEMORANDUM OF
UNDERSTANDING FOR AMENDING /APPLYING FOR 
 [FIRST AMENDMENT] OF THE AGREEMENT 
 - Signed - 
  
 We, DSG International (Thailand) Co., Ltd., having the office located at No. 448/11 on Soi Ladprao 53 (Chokchai 4), Ladprao Road, Ladprao Sub-district, Ladprao District, Bangkok Metropolis, hereinafter shall be referred to as the
“Borrower”, hereby enter into the Bill Credit Facility Agreement and the Memorandum of Understanding Annexed to the Bill Credit Facility Agreement dated 10 November 2004 in favour of Bank Thai (Public) Company Limited, hereinafter shall be
referred to as the “Leader”, which shall collectively be referred to as the “Original Agreement”, upon the terms and conditions as follows: 
  

Now that the Borrower is desirous of amending the terms and conditions of the Original Agreement in favour of the Lender according to the details as
follows: 
  
 Clause 1. The Borrower hereby agrees to reduce the
credit line from the original credit line of 280,000,000.- Baht (Two Hundred and Eighty Million Baht only) by 37,000,000- Baht (Thirty Seven Million Baht only) to the amount of 243,000,000.- Baht (Two Hundred and Forty Three Million Baht only) by
holding that this Memorandum of Understanding is also the Application for the reduction of the said Credit Line. 
  
 Clause 2. The Borrower agrees to revoke the original terms in sub-clause 2.2 of the said Memorandum of Understanding Annexed to the Bill Credit Facility
Agreement to be replaced by the following terms “The Borrower has already appointed BT Securities Co., Ltd., as the Co-underwriter or the Joint Lead Underwriter of the share of the Borrower’s company”. 
  
 Clause 3. The Borrower agrees to revoke the original terms in Clause 3 to be
replaced by the following terms “The Borrower agrees that upon the Borrower having received the fund from the capital increase (new share to increase the capital from the right issue) of 90,000,000.- Baht (Ninety Million Baht only), which is
required to increase the original capital of 25,000,000.- Baht (Twenty Five Million Baht only) to the amount of 115,000,000.- Baht (One Hundred and Fifteen Million Baht only) within 30 days of the loan draw-down under this Agreement and the Borrower
agrees to repay the debt using the whole amount of the fund received from the initial public offering (IPO)”. 
  
 Clause 4. The borrower agrees that the terms of contract, the terms of agreement and/or other terms and conditions besides those that are revised, amended
under this Memorandum of Understanding shall continue to be valid and enforceable under the above-mentioned original agreement in every respect unless the agreement or the terms contradict or dispute this Memorandum of Understanding, the Memorandum
or Conditions contained in this Amended Memorandum of Understanding shall prevail and enforceable and it shall be held that this Amended Memorandum of Understanding also forms part of the said original Agreement. 
  
 To witness, we, the Borrower/Guarantor/Mortgagor/Pledgor for security having
already acknowledged the provisions pursuant to this Memorandum of Understanding and agree to be bound for the purpose of security, guarantee/mortgage/ as security against settlement of the Borrower’s debt as well as any debt arising from
novation until such time the Borrower shall have repaid the Bank in full, hereto affix our signature together with the Seal (if there is any) in the presence of witnesses on the date, in the month, in the year specified above. 
 

 
  
  

  
 DSG International
(Thailand) Co., Ltd. 
  

	
	- Company Seal Affixed
-                                        
                                        
                        
	Signature:         - Signed -         -
Signed -         Borrower/Mortgagor
	(Represented by
                                        
            )                        

  
 Advance Medical
Supply Co., Ltd. 
  

	
	                                       
                                        
                                 - Company Seal Affixed -
	            Signature:         - Signed -
             - Signed -                  Guarantor
	(                                      
                                        
              )

  

													
	Signature:	 	 	  	Witness	  	 	  	Signature:	 	 	  	Witness/Typist
	 	 	 	  	 	  	 	  	        (Mr. Pongchan Chuaybunchum)Tenth Amendment to Loan Agreement between Associated Hygienic Products LLC

 EXHIBIT 4.8 
  
 TENTH AMENDMENT TO LOAN AGREEMENT 
  
 This TENTH AMENDMENT TO LOAN AGREEMENT (this “Agreement”) is entered into as of May 17, 2004, among
ASSOCIATED HYGIENIC PRODUCTS LLC, a Delaware limited liability company (“Borrower”), the Lenders signatory hereto, and WELLS FARGO FOOTHILL, INC. (formerly known as Foothill Capital Corporation), a California
corporation, in its capacity as administrative agent (“Agent”) for the Lenders. 
  
 WITNESSETH: 
  
 WHEREAS, Borrower, the Lenders and Agent have entered into that certain Amended and Restated Loan and Security Agreement dated as of March 14, 2001, as amended by that certain First Amendment to Loan Agreement effective as of May 28, 2001,
that certain Second Amendment to Loan Agreement effective as of July 5, 2001, that certain Third Amendment and Waiver to Loan Agreement dated as of September 10, 2001, that certain Fourth Amendment to Loan Agreement dated as of December 19, 2001,
that certain Fifth Amendment to Loan Agreement dated as of April 17, 2002, that certain Sixth Amendment to Loan Agreement dated as of November 14, 2002, that certain Seventh Amendment to Loan Agreement dated as of June 19, 2003, that certain Eighth
Amendment to Loan Agreement dated as of October 15, 2003, and that certain Ninth Amendment to Loan Agreement dated as of March 29, 2004 (as amended and as the same may hereafter be modified, amended, restated or supplemented from time to time, the
“Loan Agreement”; all capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Agreement), pursuant to which the Lenders have agreed to make loans and other financial accommodations
to Borrower from time to time; and 
  
 WHEREAS, pursuant to
Section 7.20(a)(iii) of the Loan Agreement, Agent shall establish the quarterly minimum EBITDA and minimum Net Worth covenants for each fiscal year of Borrower based upon the business Plan provided by Borrower for such fiscal year and using the same
methodology as utilized for the 2001 and 2002 fiscal year EBITDA and Net Worth covenants; and 
  
 WHEREAS, Borrower, Agent and the Lenders have agreed to amend the Loan Agreement to set forth the quarterly minimum EBITDA and minimum Net Worth covenants for the 2004 fiscal year of Borrower on the terms and
conditions provided herein; 
  
  

 NOW THEREFORE, in consideration of the foregoing premises and other goods and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
  
 1. Amendment to Loan Agreement 
  
 (a) Section 7.20(a)(i) of the Loan Agreement is hereby amended and modified by amending and restating such Section in its entirety as follows: 

 

	 	(ii)	Minimum EBITDA. EBITDA, measured on a fiscal quarter-end basis, of not less than the required amount set forth in the following table for the applicable period set forth
opposite thereto: 

  

				
	Applicable Amount

	  	 Applicable Period

	$	376,000	  	 For the 3 month period ending
 March 31, 2004

		
	$	1,664,000	  	 For the 6 month period ending
 June 30, 2004

		
	$	2,962,000	  	 For the 9 month period ending
 September 30, 2004

		
	$	4,162,000	  	 For the 12 month period ending
 December 31, 2004

  
 (b) Section
7.20(a)(ii) of the Loan Agreement is hereby amended and modified by amending and restating Such section in its entirety as follows: 
  

	 	(ii)	Tangible Net Worth. Tangible Net Worth of at least the required amount set forth in the following table as of the applicable date set forth opposite thereto:

  

				
	Applicable Amount

	  	 Applicable Period

	$	(9,023,000)	  	as of March 31, 2004
		
	$	(7,444,000)	  	as of June 30, 2004
		
	$	(6,264,000)	  	as of September 30, 2004
		
	$	(5,694,000)	  	as of December 31, 2004

  
 2. No Other
Amendments or Waivers. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of Agent or the Lenders under the Loan Agreement or any of the other Loan Documents, nor constitute a
waiver of any provision of the Loan Agreement of any of the other Loan Documents. Except for the amendments set forth above, the text of the Loan Agreement and all other Loan Documents shall remain unchanged and in full force and effect and Borrower
hereby ratifies and confirms its obligations thereunder. This Amendment shall not constitute a modification of the Loan Agreement or any of the other Loan Documents or a course of dealing with Agent or the Lenders at variance with the Loan Agreement
or the other Loan Documents such as to require further notice by Agent or the Lenders to require strict compliance with the terms of the Loan Agreement and the other Loan 

 Documents in the future, except as expressly set forth herein. Borrower acknowledges and expressly agrees that Agent and
the Lenders reserve the right to, and do in fact, require strict compliance with all terms and provisions of the Loan Agreement and the other Loan Documents. Borrower has no knowledge of any challenge to Agent’s or any Lender’s claims
arising under the Loan Documents, or to the effectiveness of the Loan Documents. 
  
 3. Conditions Precedent to Effectiveness. This Amendment shall become effective as of the date hereof when, and only when, Agent shall have received counterparts of this Amendment duly executed and delivered by
Borrower and the Lenders. 
  
 4. Representatives and Warranties
of Borrower. Borrower represents and warrants as follows: 
  
 (a) Borrower is a limited liability company organized, validly existing and in good standing under the laws of the jurisdiction indicated at the beginning of this Amendment and all other jurisdictions in which the
failure to be so qualified reasonably could be expected to constitute a Material Adverse Change; 
  
 (b) The execution, delivery, and performance by Borrower of this Amendment and the Loan Documents to which it is a party, as amended
hereby, are within Borrower’s limited liability company powers, have been duly authorized by all necessary limited liability company action and do not and will not (i) violate any provision of federal, state, or local law or regulation
applicable to Borrower, the Governing Documents of Borrower, or any order, judgment, or decree of any court or other Governmental Authority binding on Borrower, (ii) conflict with, result in a breach of, or constitute (with due notice or lapse of
time of both) a default under any material contractual obligation of Borrowerj, (iii) result in or require the creation or imposition of any Lien of any nature whatsoever upon any properties or assets of Borrower, other than Permitted Liens, or (iv)
require any approval of Borrower’s members or any approval or consent of any Person under any material contractual obligation of Borrower; 
  
 (c) The execution, delivery, and performance by Borrower of this Amendment and the Loan Documents to which it is a party, as amended
hereby, do not and will not require any registration with, consent, or approval of, or notice to, or other action with or by, any Governmental Authority or other Person; 
  
 (d) This Amendment and each other Loan Document to which Borrower is a party, and all other documents
contemplated hereby and thereby, when executed and delivered by Borrower will be the legally valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective teams, except as enforcement may be limited by
equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally; and 
  
 (e) No Default or Event of Default exists. 

 5. Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be
deemed to be an original and all of which, taken together, shall constitute one and the same agreement. In proving this Amendment in any judicial proceedings, it shall not be necessary to produce or account for more than one such counterpart signed
by the party against whom such enforcement is sought. Any signatures delivered by a party by facsimile transmission shall be deemed an original signature hereto. 
  
 6. Reference to and Effect on the Loan Document. Upon the effectiveness of this Agreement, on and after the date
hereof each reference in the Loan Agreement to “this Agreement”, “hereunder”, “hereof”, or words of like import referring to the Loan Agreement, and each reference in the other Loan Documents to “the Loan
Agreement”, “thereunder”, “thereof”, or words of like import referring to the Loan Agreement, shall mean and be a reference to the Loan Agreement as amended hereby. 
  
 7. Costs, Expenses and Taxes. Borrower agrees to pay on demand all
costs and expenses in connection with the preparation, execution, and delivery of this Amendment including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for Agent with respect thereto and with respect to advising
Agent as to its rights and responsibilities hereunder. Borrower hereby acknowledges and agrees that Agent may, without prior notice to Borrower, charge such costs and fees to Borrower’s Loan Account pursuant to Section 2.6(d) of the Loan
Agreement, which amounts shall constitute Advances under the Loan Agreement and shall accrue interest at the rate then applicable to Advances thereunder. 
  
 8. Governing Law. This Amendment shall be deemed to be made pursuant to the laws of the State of Georgia with respect to agreements made and to be
performed wholly in the State of Georgia, and shall be construed, interpreted, performed and enforced in accordance therewith. 
  
 9. Loan Document. This Amendment shall be deemed to be a Loan Document for all purposes. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the day and year
first written above. 
  

					
	 BORROWER:
	 	 ASSOCIATED HYGIENIC PRODUCTS LL

			
	 	 	 By:
	 	 /s/ Owen Connelly

	 	 	 Name:
	 	 Owen Connelly

	 	 	 Title:
	 	 Vice President Finance & MIS

			
	 AGENT
	 	 	 	 
	 and LENDER:
	 	 WELLS FARGO FOOTHILL, INC.

	 	 	 as Agent and a Lender

			
	 	 	 By:
	 	 /s/ Kristy Loucks

	 	 	 Name:
	 	 Kristy Loucks

	 	 	 Title:
	 	 Vice President

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