Document:

Exhibit 4.16

 

CALIFORNIA
KL HOLDINGS, INC.

2601 SEQUOIA DRIVE

SOUTH GATE, CA 90280

 

March 14, 2006

 

Russ
Berrie and Company, Inc.

111 Bauer Drive

Oakland, NJ 07436

 

Kids
Line, LLC

Sassy, Inc.

 

c/o
Russ Berrie and Company, Inc.

111 Bauer Drive

Oakland, NJ 07436

 

Reference is hereby made to that certain Membership
Interest Purchase Agreement dated as of December 15, 2004 (“Acquisition Agreement”) by and among Russ
Berrie and Company Inc. (“Company”),
Kids Line, LLC (“KL”), the Sellers identified
therein and the Unitholders Representatives. Capitalized terms used herein and
not defined shall have the meanings assigned to such terms in the Acquisition
Agreement.

 

The parties to this letter agreement hereby agree that
notwithstanding anything to the contrary provided in the Acquisition Agreement,
all obligations of the Company to pay the Earnout Consideration and the
Estimated Earnout Payment as set forth in Section 2.6(a) of the Acquisition
Agreement are as of the date hereof hereby assumed by, and shall hereafter be
the joint and several obligation of, each of KL and Sassy, Inc., an Illinois
corporation. (“Sassy” and, together with KL,
collectively, the “Substitute Obligors”).
The obligations of each Substitute Obligor to pay the Earnout Consideration and
the Estimated Earnout Payment shall be secured by a security interest and lien
on substantially all of the assets of the Substitute Obligors granted pursuant
to that certain Subordinated Security Agreement, dated as of December 15, 2004
(as amended by that certain Amendment Number One to Subordinated Security
Agreement, dated as of May 10, 2005, and as further amended concurrently with
the execution of this letter by that certain Amendment, Reaffirmation and
Partial Release (Subordinated Security Agreement), dated as of the date hereof
(the “New Security Agreement Amendment and Release”),
and as further amended, restated, supplemented or otherwise modified from time
to time, the “Security Agreement”), which
Security Agreement and all amendments thereto to date are attached hereto as
Exhibit 1, and guaranteed pursuant to that certain Guaranty, dated as of May
10, 2005, as amended and modified concurrently with the execution of this
letter by that certain Amendment and Release (Guaranty), dated as of the date
hereof (the “Guaranty Amendment and Release”),
which Guaranty and all amendments thereto to date are attached hereto as
Exhibit 2. In addition, as security for each Substitute Obligor’s obligation
hereunder to pay the Earnout Consideration and the Estimated Earnout Payment,
each Substitute Obligor hereby grants to CKLH, for the benefit of the “Deferred
Payout Sellers” (as defined in the Acquisition Agreement), (i) pursuant to the
terms of that certain Trademark Security Agreement by and among the Substitute
Obligors and CKLH dated as of December 15, 2004 (as amended and in effect on
the date hereof, the “Trademark Security Agreement”), a continuing security
interest in

 

 

all of
such Substitute Obligor’s right, title and interest in, to and under the “Trademarks”
and “Intellectual Property Licenses” (as each such term is defined in the
Trademark Security Agreement) set forth on Exhibit 3 hereto, which shall
constitute “Trademarks” and “Intellectual Property Licenses” for all purposes
under the Trademark Security Agreement, and (ii) pursuant to the terms of that
certain Patent Security Agreement by and among the Substitute Obligors and CKLH
dated as of December 15, 2004 (as amended and in effect on the date hereof, the
“Patent Security Agreement”), a continuing security interest in all of such
Substitute Obligor’s right, title and interest in, to and under the “Patents”
(as each such term is defined in the Patent Security Agreement) set forth on
Exhibit 4 hereto, which shall constitute “Patents” for all purposes under the
Patent Security Agreement.

 

Subject to the execution of the New Security Agreement
Amendment and Release and the Guaranty Amendment and Release and the
termination of the Prior Subordination Agreement (as defined below), and in
consideration of the assumption by the Substitute Obligors of the obligations
to pay the Earnout Consideration and the Estimated Earnout Payment, (hereafter,
the “Assumed Obligations”), California KL
Holdings Inc. (“CKLH”), on behalf of itself and
the Deferred Payout Sellers, hereby releases the Company from all of its
obligations and liabilities to pay the Earnout Consideration and the Estimated
Earnout Payment and hereby terminates all liens, claims and encumbrances in its
(or in the Deferred Payout Sellers) favor against any and all of the assets of
the Company (other than “Continuing Pledged Collateral” as set forth in more
detail in the New Security Agreement Amendment and Release) and agrees to
execute and deliver all such instruments, documents or agreements as shall be
reasonably requested by the Company to effect such release including, without
limitation, the New Security Agreement Amendment and Release and the Guaranty
Amendment and Release attached hereto as Exhibits 1 and 2. Notwithstanding the
foregoing, for the avoidance of doubt, the Company’s pledge of the Continuing
Pledged Collateral shall remain in effect as collateral security as set forth
in more detail in the New Security Agreement Amendment and Release.

 

The parties to this letter agreement hereby agree that, in calculating “EBITDA”
for all purposes under the Acquisition Agreement, the following shall be added
back solely to the extent deducted in calculating KL’s earnings (in each case,
without duplication):  (i) any
restructuring and costs expensed during the Measurement Period in connection
with (x) the Spin-Off (as defined in the New Credit Agreement (which is defined
below)), or (y) the negotiation or consummation of the transactions
contemplated by this letter agreement, the New Credit Agreement, the New Security
Agreement Amendment and Release or the Guaranty Amendment and Release and each
other document, agreement or instrument executed  in connection therewith (including without
limitation any costs and expenses that KL would not incur or would not have incurred
but for such Spin-Off or such transactions), (ii) the amount of any “Excess
Corporate Charges”. “Excess Corporate Charges” means all costs and expenses
incurred by the Company and its Affiliates which are not costs and expenses
that, pursuant to the terms of the Acquisition Agreement as in effect on the
date hereof, may be charged to KL, it being understood that KL will not be
burdened with corporate charges, overhead or other allocated costs, other than
its reasonable pro rata allocation of shared out-of-pocket third-party costs
(e.g., insurance costs and audit fees), charged to KL in accordance with the
Company’s past practices (i.e. 2005), and such other out-of-pocket costs
incurred for the direct benefit of Company which are of a nature that have,
consistent with Company’s past practice, been charged to KL.

 

2

 

Each of the Substitute Obligors and the Company hereby agrees that
until such time as the Earnout Consideration is paid, it shall not request,
consent or agree to any amendment, restatement or modification of (a) any of
the covenants set forth in clause (vi), (vii) or (viii) of Section 11.3
(Restricted Payments) of the New Credit Agreement, as in effect on the date
hereof, or (b) any of the covenants set forth in Section 11.10 (Investments) of
the New Credit Agreement, as in effect on the date hereof, if such amendment,
restatement or modification would permit the Substitute Obligors or any other “Loan
Party” (as defined in the New Credit Agreement) to make or permit to exist any
investment in, or loan or advance to, the Company or any Subsidiary or other
Affiliate thereof (other than another “Loan Party” or Subsidiary thereof) and
such investment, loan or advance is prohibited by Section 11.10 (Investments)
of the New Credit Agreement, as in effect on the date hereof. Notwithstanding
the above, the Substitute Obligors and the Company shall be permitted to
request, consent or agree to any amendment, restatement or modification of
Section 11.3(viii) to the extent permitted by the last sentence of Section 5(a)
of the New Subordination Agreement (defined below), as in effect on the date
hereof in the event that the Substitute Obligors have entered into, with CKLH’
s consent (not to be unreasonably withheld or delayed), an alternative
financing arrangement (which may include an amendment to the New Credit
Agreement) pursuant to which the Substitute Obligors are permitted to finance
(in whole or in part) the payment in full when due of the Earnout Consideration.

 

Each of the Substitute Obligors hereby agrees jointly and severally to
reimburse CKLH, on behalf of each of the Deferred Payout Sellers, for that
portion of any payment made by CKLH (or any such Deferred Payout Seller) in
connection with the exercise of the purchase option under the Section 4 of New
Subordination Agreement, as in effect as of the date hereof, that is calculated
by reference to any fee payable under Section 5.4 of the New Credit Agreement
(Termination Fee),  Section 8.4 (Funding
Losses) of the New Credit Agreement or other similar fees payable under the New
Credit Agreement upon an acceleration of the maturity date of the obligations
thereunder; provided that CKLH provides the Substitute Obligors with evidence
of its (or any Deferred Payout Seller’s) payment of such fees.

 

CKLH hereby represents and warrants to the Company
that it has the authority to execute and deliver this letter agreement,
the  New Subordination Agreement (as
defined below), the New Security Agreement Amendment and Release and the
Guaranty Amendment and Release and release the Company and certain of its
subsidiaries as set forth herein and therein on behalf of itself and each
Deferred Payout Seller and that its execution and delivery does not require
notice, consent, approval or other action on its behalf other than any that
have been obtained. CKLH hereby further represents and warrants and agrees that
promptly after it has reviewed all of the proposed terms and conditions of an
alternative financing arrangement that will permit Substitute Obligors to pay
when due the full Earnout Consideration, it shall immediately provide the
Purchaser, Substitute Obligors and Senior Agent (as defined in the New
Subordination Agreement) written notice of its agreement that the Substitute
Obligors have obtained an alternative financing arrangement (which may include
an amendment to the New Credit Agreement) to provide financing for the payment
in full when due of the Earnout Consideration.

 

The parties to this letter agreement hereby further
agree that notwithstanding anything to the contrary in the Acquisition
Agreement or any other document,  the
payment of the Earnout Consideration and the Estimated Earnout Payment shall be
subject in all respects to the terms and provisions of the Subordination
Agreement dated as of March       , 2006 (the “New 

 

3

 

Subordination
Agreement”) by and among LaSalle Bank National Association,
CKLH and the Subordinated Creditors (defined therein),  and upon execution thereof, the terms and
limitations contained in the Subordination Agreement dated as of June 28, 2005
(the “Prior Subordination Agreement”)
by and among LaSalle Business Credit, LLC, CKLH and the Subordinated Creditors
(as defined therein) shall be superseded in full.

 

Each of the Substitute
Obligors hereby represents and warrants that the execution, delivery and
performance of this letter and each of the agreements referenced herein or
attached hereto, have been duly and validly authorized by all necessary action
on its part, that no consent or authorization by any third party, not
heretofore obtained, is required by such Substitute Obligor in order to make
this letter a valid and binding obligation of such party except as
enforceability thereof may be limited by bankruptcy, insolvency,
reorganization, fraudulent transfer, moratorium or other similar laws affecting
creditors’ rights generally and general principles of equity (regardless of
whether such enforceability is considered in a proceeding at law or in equity)
or to avoid a breach or default under any material note, instrument, agreement,
mortgage, lease, license, franchise, permit to which such Substitute Obligor is
a party or any of its assets or business is subject or by which such Substitute
Obligor is bound. The Substitute Obligors further represent and warrant that
immediately after giving effect to the forgoing assumption of the Assumed
Obligations, the New Security Agreement Amendment and Release and the
Guaranty Amendment and Release, the
fair value of the assets of the Substitute Obligors and their subsidiaries on a
consolidated basis, at a fair valuation on a going concern basis, will exceeds
the debts and liabilities, as determined in accordance with GAAP, of the
Substitute Obligors and their subsidiaries on a consolidated basis; the present
fair saleable value of the assets of the Substitute Obligors and their
subsidiaries on a consolidated basis, determined on a going concern basis, will
be greater than the amount that will be required to pay the probable liability
of the Substitute Obligors and their subsidiaries on a consolidated basis on
their debts and other liabilities, as determined in accordance with GAAP, as
such debts and other liabilities become absolute and matured; the Substitute
Obligors and their subsidiaries on a consolidated basis will be able to pay
their debts and liabilities, as determined in accordance with GAAP, as such
debts and liabilities become absolute and matured; and the Substitute Obligors
and their subsidiaries on a consolidated basis will not have unreasonably small
capital with which to conduct the businesses in which they are engaged as such
businesses are now conducted and are proposed to be conducted after the date
hereof.

 

This letter agreement shall be governed by, and be construed and
interpreted in  accordance with, the law
of the State of New York, without regard to conflict of laws provisions
thereof.

 

Irrespective of whether the New Subordination
Agreement, New Security Agreement Amendment and Release, the Guaranty Amendment
and Release or the New Senior Credit Agreement (as defined below) or the
transactions contemplated thereby are entered into or consummated as the case
may be, each of the Substitute Obligors hereby agrees to pay all of CKLH’s
reasonable attorneys fees and other reasonable out of pocket costs (in each
case to the extent invoiced and promptly after review of such invoices)
incurred in connection with (i) the review, negotiation and finalization of the
New Subordination Agreement, the New Security Agreement Amendment and Release,
the Guaranty Amendment and Release and the transactions contemplated thereby,
and (ii) the review of all of the documents to be executed in connection with
and the transactions contemplated by the Credit Agreement to be entered into concurrently

 

4

 

herewith by and among the
Substitute Obligors, as borrowers, the subsidiaries of the foregoing borrowers
from time to time party thereto, as guarantors, the financial institutions from
time to time party thereto, as lenders, LaSalle Bank National Association, as
administrative agent and arranger, Sovereign Bank, as syndication agent, and
Bank of America, N.A., as documentation agent (the “New Credit Agreement”).

 

5

 

This letter agreement may be executed in any number
of counterparts and by different parties on separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute but one and the same agreement. Delivery of an
executed counterpart of this letter agreement by telecopier (including Adobe
Acrobat) shall be effective as delivery of a manually executed counterpart of
this letter agreement.

 

 

	
   

  	
  Very truly yours

  
	
   

  	
   

  
	
   

  	
  California KL Holdings, Inc., on behalf of 

  itself and the Deferred Payoff Sellers

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael Levin

  
	
   

  	
   

  	
  Michael Levin

  
	
   

  	
   

  	
  Chief Executive Officer

  
	
   

  	
   

  
	
  Accepted
  and Agreed.

  
	
   

  
	
  Michael
  Levin, as Unitholders Representative

  
	
   

  
	
   

  	
  By:

  	
   /s/ Michael Levin

  	
   

  
	
   

  	
  Michael
  Levin

  
	
   

  
	
  Century
  Park Advisors, LLC, as Unitholders Representative

  
	
   

  	
   

  
	
  By:

  	
   /s/ Martin M. Jelenko

  	
   

  
	
   

  	
  Name:
  Martin M. Jelenko

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Russ
  Berrie and Company, Inc.

  
	
   

  
	
   

  
	
  By:

  	
  /s/
  John Wille

  	
   

  
	
   

  	
  John
  Wille,

  
	
   

  	
  Vice
  President and Chief Financial Officer

  
	
   

  
	
   

  
	
  Kids
  Line, LLC

  
	
   

  
	
   

  
	
  By:

  	
   /s/ John Wille

  	
   

  
	
   

  	
  John
  Wille,

  
	
   

  	
  Vice
  President, Treasurer and Assistant Secretary

  
						

 

 

California KL
Holdings, Inc. Earnout Letter Signature Page

 

 

	
  Sassy,
  Inc.

  
	
   

  
	
   

  
	
  By:

  	
  /s/
  John Wille

  	
   

  
	
   

  	
  John
  Wille,

  
	
   

  	
  Vice
  President, Treasurer and Assistant Secretary

  

 

 

California KL
Holdings, Inc. Earnout Letter Signature Page

 

 

EXHIBIT 1                     SUBORDINATED
SECURITY AGREEMENT, AMENDMENT NUMBER ONE TO SUBORDINATED SECURITY AGREEMENT,
AND AMENDMENT, REAFFIRMATION AND RELEASE     
(SECURITY AGREEMENT)

 

 

EXHIBIT 2             GUARANTY AND
AMENDMENT AND RELEASE (GUARANTY)Exhibit 4.17

 

FIRST AMENDMENT TO CREDIT
AGREEMENT

 

This FIRST AMENDMENT TO CREDIT AGREEMENT
(this “Amendment”) is dated as of April 11, 2006 and is entered
into by and among Russ Berrie and Company, Inc. (the “Company”),
Russ Berrie U.S. Gift, Inc., a Delaware corporation (“Russ
Gift”), Russ Berrie & Co. (West), Inc. (“Russ West”),
Russ Berrie and Company Properties, Inc. (“Russ Properties”),
Russplus, Inc. (“Russplus”), and Russ Berrie and Company Investments, Inc.
(“Russ Investments”) (Russ Gift, Russ West, Russ Properties, Russplus,
and Russ Investments are sometimes referred to herein collectively as the “Borrowers”
and individually as a “Borrower” and, together with the Company, being
the “Credit Parties”), the financial institutions that are or may from
time to time become parties hereto as “Lenders” (and each being a “Lender”),
LASALLE BANK NATIONAL ASSOCIATION, in its capacity as “Issuing Bank,”
and LASALLE BUSINESS CREDIT, LLC (in its individual capacity, “LaSalle”),
as administrative agent (in such capacity, the “Administrative Agent”)
for the Lenders.

 

RECITALS:

 

A.                                   The Credit Parties,
the Administrative Agent, the Lenders and the Issuing Bank (collectively, the “Parties”)
have entered into that certain Credit Agreement dated as of March 14, 2006
(as the same may have been or may hereafter be amended, restated, supplemented
or otherwise modified from time to time, the “Credit Agreement”).

 

B.                                     The Parties desire
to enter into this Amendment to modify certain of the terms and provisions of
the Credit Agreement.

 

NOW, THEREFORE, in consideration of the
premises and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, and subject to the terms and
conditions set forth herein, the Parties hereby agree as follows:

 

AGREEMENTS:

 

SECTION  1           DEFINITIONS. Unless otherwise defined
herein, capitalized terms used in this Amendment shall have the meanings
ascribed to such terms in the Credit Agreement.

 

SECTION  2           AMENDMENTS. Subject to the satisfaction of
the conditions precedent set forth herein, Section 11.13.2 of the
Credit Agreement is hereby amended and restated in its entirety to read as
follows:

 

“11.13.2                                                      Minimum
EBITDA. Not permit EBITDA for the following periods ending as of the last
day of the following Fiscal Quarters, to be less than the respective amounts
set forth below:

 

 

	
  Period ending:

  	
   

  	
  Minimum EBITDA

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  One Fiscal
  Quarter period ending March 31, 2006

  	
   

  	
  $

  	
  (7,500,000

  	
  )

  
	
  Two Fiscal
  Quarter period ending June 30, 2006

  	
   

  	
  $

  	
  (15,200,000

  	
  )

  
	
  Three Fiscal
  Quarter period ending September 30, 2006

  	
   

  	
  $

  	
  (12,100,000

  	
  )

  
	
  Computation
  Periods ending as of the last day of each of the following Fiscal Quarters:

  	
   

  	
   

  	
   

  	
   

  
	
  December 31,
  2006

  	
   

  	
  $

  	
  (12,100,000

  	
  )

  
	
  March 31,
  2007

  	
   

  	
  $

  	
  (7,800,000

  	
  )

  
	
  June 30,
  2007

  	
   

  	
  $

  	
  (4,800,000

  	
  )

  
	
  September 30,
  2007

  	
   

  	
  $

  	
  (3,000,000

  	
  )

  
	
  December 31,
  2007

  	
   

  	
  $

  	
  1,500,000

  	
   

  
	
  March 31,
  2008 and each Fiscal Quarter ending thereafter

  	
   

  	
  $

  	
  4,000,000

  	
  .” 

  

 

SECTION  3           CONDITIONS; REPRESENTATIONS AND WARRANTIES. The
effectiveness of this Amendment is subject to the satisfaction of the following
conditions precedent (unless specifically waived in writing by the
Administrative Agent):

 

3.1                                 The
Administrative Agent shall have received fully executed copies of this
Amendment executed by each of the Credit Parties, the Lenders and the Issuing
Bank.

 

3.2                                 No
Event of Default or, except as previously disclosed by the Credit Parties to
the Administrative Agent in that certain letter dated as of April 3, 2006,
Unmatured Event of Default has occurred and is continuing.

 

3.3                                 As
of the effective date of this Amendment, all representations and warranties of
the Credit Parties set forth herein shall be true and correct, and all
representations and warranties of the Credit Parties set forth in the Credit
Agreement shall be true and correct in all material respects (or, with respect
to those representations and warranties expressly limited by their terms by
materiality or material adverse effect qualifications, all respects) and shall
be deemed remade on such date, except to the extent any such representation and
warranty expressly relates to an earlier date, in which case such
representation and warranty shall be true and correct in all material respects
(or, with respect to those representations and warranties expressly limited by
their terms by

 

2

 

materiality or material adverse effect
qualifications, all respects) as to the date to which it relates.

 

3.4                                 All
proceedings taken in connection with the transactions contemplated by this
Amendment and all documents, instruments and other legal matters incident
thereto shall be reasonably satisfactory to the Administrative Agent.

 

SECTION 4                                   REAFFIRMATION.

 

Each of the Credit Parties hereby expressly reaffirms and assumes all
of their obligations and liabilities to the Administrative Agent, the Lenders
and the Issuing Bank as set forth in the Credit Agreement and the other Loan
Documents and agree to be bound by and abide by and operate and perform under
and pursuant to and comply fully with all of the terms, conditions, provisions,
agreements, representations, undertakings, warranties, indemnities, grants of
security interests and covenants contained in the Credit Agreement and the
other Loan Documents, as such obligations and liabilities may be modified by
this Amendment, as though the Credit Agreement and the other Loan Documents
were being re-executed on the date hereof, except to the extent that such terms
expressly relate to an earlier date. The Borrowers hereby ratify, confirm and
affirm without condition, all liens and security interests granted to the
Administrative Agent pursuant to the Credit Agreement and the other Loan
Documents and such liens and security interests shall continue to secure the
Obligations under the Credit Agreement as amended by this Amendment, and all
extensions, renewals, refinancings, amendments or modifications of any of the
foregoing.

 

SECTION 5                                   GENERAL
PROVISIONS.

 

5.1                                 No
Changes. Except as expressly provided in this Amendment, the terms and
provisions of the Credit Agreement shall remain in full force and effect and
are hereby affirmed, confirmed and ratified in all respects.

 

5.2                                 Fees
and Costs. The Borrowers hereby jointly and severally agree to reimburse
the Administrative Agent for all of its reasonable out-of-pocket legal fees and
expenses incurred in the preparation and documentation of this Amendment and
related documents.

 

5.3                                 Governing
Law. This Amendment shall be construed in accordance with and governed by
the internal laws (without regard to the conflicts of law provisions, other
than Section 5-1401 of the New York General Obligations Law) of the State
of New York.

 

5.4                                 Counterparts.
This Amendment may be executed in one or more counterparts, each of which shall
constitute an original, but all of which taken together shall be one and the
same instrument. This Amendment may also be executed by facsimile and each
facsimile signature hereto shall be deemed for all purposes to be an original
signatory page.

 

5.5                                 References.
On or after the effective date hereof, each reference in the Credit Agreement
to this “Agreement,” “hereof,” “herein” 
or words of like import and

 

3

 

all references to the Credit Agreement in any
other agreement, shall in either case unless the context otherwise requires, be
deemed to refer to the Credit Agreement as amended hereby.

 

5.6                                 Successors. This Amendment shall be
binding on and inure to the benefit of the Parties hereto and their respective
successors and assigns.

 

5.7                                 Section Headings.
Section headings used in this Amendment are for convenience of reference
only and shall not affect the construction of this Amendment.

 

[Remainder of Page Intentionally
Left Blank]

 

4

 

IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be executed by their respective officers thereunto
duly authorized and delivered as of the date first written above.

 

 

	
   

  	
  CREDIT PARTIES:

  
	
   

  	
   

  
	
   

  	
  RUSS BERRIE AND COMPANY, INC.,
  a New

  Jersey corporation, as the Loan Party

  Representative

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John D. Wille

  	
   

  
	
   

  	
  Name:
  John D. Wille

  	
   

  
	
   

  	
  Title:
  Vice President and Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  RUSS BERRIE U.S. GIFT, INC., a
  Delaware

  corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John D. Wille

  	
   

  
	
   

  	
  Name:
  John D. Wille

  
	
   

  	
  Title:
  Vice President and Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  RUSS BERRIE & CO. (WEST), INC., a

  California corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John D. Wille

  	
   

  
	
   

  	
  Name:
  John D. Wille

  
	
   

  	
  Title:
  Vice President and Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
  RUSS BERRIE AND COMPANY

  PROPERTIES, INC., a New Jersey corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John D. Wille

  	
   

  
	
   

  	
  Name:
  John D. Wille

  
	
   

  	
  Title:
  Vice President and Chief Financial Officer

  
						

 

5

 

	
   

  	
  RUSSPLUS, INC., a New Jersey
  corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John D. Wille

  	
   

  
	
   

  	
  Name:
  John D. Wille

  	
   

  
	
   

  	
  Title:
  Vice President and Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  RUSS BERRIE AND COMPANY

  INVESTMENTS, INC., a New Jersey corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John D. Wille

  	
   

  
	
   

  	
  Name:
  John D. Wille

  	
   

  
	
   

  	
  Title:
  Vice President and Chief Financial Officer

  
					

 

6

 

	
   

  	
  ADMINISTRATIVE AGENT:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LASALLE BUSINESS CREDIT, LLC, as

  Administrative Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Peter
  M. Walther

  	
   

  
	
   

  	
  Name:
  Peter M. Walther

  	
   

  
	
   

  	
  Title:
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ISSUING BANK:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LASALLE BANK NATIONAL ASSOCIATION,

  as Issuing Bank

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Peter
  M. Walther

  	
   

  
	
   

  	
  Name:
  Peter M. Walther

  	
   

  
	
   

  	
  Title:
  Vice President

  	
   

  
					

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]