Document:

Exhibit No. 10.2
    

    
      WESTWOOD HOLDINGS GROUP, INC.
MUTUAL FUND SHARE
      INCENTIVE AGREEMENT
    

    
      AGREEMENT, made as of the 7th day of February, 2012, by and
      between WESTWOOD HOLDINGS GROUP, INC. (the “Company” and, together with
      its subsidiaries, “WHG”), and MARK FREEMAN (“Participant”), pursuant to
      the Westwood Holdings Group, Inc. Stock Incentive Plan (the “Plan”).
      Capitalized terms used but not defined in this Agreement shall have the
      meanings ascribed to them under the Plan.
    

    
      WHEREAS, Participant is a valued WHG employee engaged in WHG’s mutual
      fund management business, in connection with the WHG Income Opportunity
      Fund (the “Fund”); and
    

    
      WHEREAS, the Compensation Committee of the Company’s Board of Directors
      (the “Committee”) desires to provide Participant with an opportunity to
      earn incentive compensation for 2012 based upon the performance of the
      Fund for that year.
    

    
      NOW, THEREFORE, the Company and Participant hereby agree as follows:
    

    
      1.        Grant of Incentive
      Opportunity. The Company hereby grants to Participant the
      opportunity to earn an incentive compensation award under the Plan for
      the twelve-month period beginning January 1, 2012 and ending December
      31, 2012 (the “Performance Period”), in an amount and upon the terms and
      conditions set forth in this Agreement. This opportunity is intended to
      be a Performance-Based Award under the Plan and the terms and conditions
      of this Agreement will be construed and applied accordingly.
    

    
      2.        Amount.
    

    
      (a)       General. The amount,
      if any, of the incentive compensation that may be earned by Participant
      under this Agreement (the “Performance Bonus”) shall be equal to
      $500,000 (the “Target Bonus Amount”) multiplied by the applicable
      percentage, determined in accordance with the following table based upon
      the Morningstar rating assigned to the Fund for the Performance Period:
    

    	
          
            Morningstar Rating
          

        	
          
            Applicable Percentage
          

        	

        
	

        	

        	
           
        
	
          4 Stars
        	
          100%
        	

        
	

        	

        	
           
        
	
          5 Stars
        	
          200%
        	

        

    

    
      No Performance Bonus will be awarded under this Agreement if the
      Morningstar rating of the Fund is less than 4 stars. The amount of the
      Performance Bonus, if any, earned by Participant under this Agreement
      will be determined by the Committee and communicated to Participant
      promptly after the applicable Morningstar rating is published.
    

    
      (b)       Termination of
      Employment During Performance Period. Unless otherwise specified in
      this subparagraph, no Performance Bonus will be earned and payable under
      this Agreement if Participant’s employment terminates before the end of
      the Performance Period. Notwithstanding the foregoing, if the
      Participant’s employment terminates during the Performance Period by
      reason of the Participant’s death or Disability, then the deceased
      Participant’s Beneficiary or the Participant, as the case may be, will
      be entitled to receive an amount equal to the product of (1) the
      Performance Bonus that would have been earned for the Performance Period
      if the Participant’s employment had continued, multiplied by (2) the
      percentage of the Performance Period elapsed as of the date of the
      Participant’s termination of employment (or such greater percentage not
      to exceed 100% as the Committee, acting in its sole discretion, may
      determine). The amount, if any, payable to the Beneficiary (or the
      disabled Participant, as the case may be) will be determined promptly
      after the applicable Morningstar rating is published and will be paid to
      the Beneficiary (or the disabled Participant) as soon as practicable
      (but not more than 30 days) after such determination is made.
    

    
      
        

        

      

      
        
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      3.        Account. If the
      Committee determines that a Performance Bonus is payable, then, as soon
      as practicable (but not more than 10 business days after the Committee’s
      determination, the amount of such Performance Bonus will be credited to
      a bookkeeping account established by the Company in Participant’s name
      (the “Account”). The amount credited to Participant’s Account will be
      converted on a notional basis into a number of shares of the Fund (the
      “Fund Shares”) equal to the Performance Bonus amount divided by the net
      closing value of a Fund share on the date the Performance Bonus amount
      is credited to the Account.  The value of Participant’s Account will be
      adjusted (up or down) to reflect changes in the net value of the Fund
      Shares credited to the Account. If and when distributions are paid by
      the Fund with respect to its shares, the Company will credit
      Participant’s Account with additional Fund shares having a value equal
      to the amount of the distributions that would have been payable if the
      shares credited to the Account were issued and outstanding.  Participant
      will receive or have access to monthly statements of the Account.
      Neither the Company nor the Committee nor any other person acting for or
      on behalf of the Company or the Committee shall have any responsibility
      for the investment performance of the Fund Shares in which Participant’s
      Account is notionally invested, and shall have no liability to
      Participant or any other person with respect to any other matters
      relating to the notional investment of the Account.
    

    
      4.        Vesting in Account.
    

    
      (a)       General.
      Participant’s right to receive payment of the Account will become vested
      twelve (12) months after the effective date of this Agreement (the
      “Stated Vesting Date”), subject to Participant’s continuous employment
      with WHG.  If Participant’s employment with WHG terminates before the
      Stated Vesting Date (or before an Accelerated Vesting Date, as described
      below), the Participant will forfeit the entire Account balance and will
      have no further rights under or in respect of this Agreement, except
      where vesting terms that are more favorable to the Participant
      are specified elsewhere in this Agreement, in the employment agreement
      between Westwood Holdings Group, Inc. and Participant effective February
      7, 2012, or as determined by the Committee (in its sole discretion),
      the vesting terms most favorable to the  Participant shall control.
    

    
      (b)       Termination Due to Death
      or Disability. If Participant’s employment with WHG terminates
      before the Stated Vesting Date by reason of Participant’s death, then,
      at the time of such termination (the “Accelerated Vesting Date”),
      Participant’s Account will become fully vested and non-forfeitable. If
      the Participant’s employment with WHG is terminated before the Stated
      Vesting Date by reason of Participant’s Disability, then the Committee,
      acting in its discretion, may determine that some or all of the disabled
      Participant’s Account will become vested and payable (as opposed to
      being forfeited) and, to the extent vesting is so accelerated, the date
      of the Participant’s termination of employment will be deemed to be an
      Accelerated Vesting Date for the purposes hereof. Any determination to
      accelerate vesting of the disabled Participant’s Account will be made as
      soon as practicable (but not more than 60 days) after the date the
      Participant’s employment is terminated.
    

    
      
        

        

      

      
        
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      5.        Change in Control.
      If a Change in Control occurs before the Stated Vesting Date (or an
      Accelerated Vesting Date) and if the acquiring or successor company does
      not assume the obligations of the Company under this Agreement, then,
      immediately prior to the Change in Control, Participant’s Account will
      become fully vested and non-forfeitable. If a Change in Control occurs
      before the Stated Vesting Date and if the acquiring or successor company
      assumes the obligations of the Company under this Agreement, then
      Participant’s Account will continue to be subject to the vesting
      conditions set forth herein; provided, however, that, if Participant’s
      employment is subsequently terminated before the Stated Vesting Date or
      an Accelerated Vesting Date (other than termination by Participant’s
      employer for Cause or voluntary termination by Participant without Good
      Reason), then, at the time of such termination of employment,
      Participant’s Account will become fully vested and non-forfeitable.
    

    
      6.        Distribution of
      Vested Account. If Participant’s Account becomes vested in
      accordance with this Agreement, the amount credited to Participant’s
      vested Account will be payable to Participant (or Participant’s
      Beneficiary, as the case may be) on or as soon as practicable (but not
      more than 30 days) after the vesting date. Unless the Committee
      determines otherwise, Participant’s vested Account will be paid in the
      form of shares of the Fund (equal in number to the number of shares
      credited to the Account at the end of the day immediately preceding the
      distribution date. Such shares may be transferred by the Company to a
      Westwood Trust account owned by Participant (or Participant’s
      Beneficiary). The Committee may direct that all or part of the amount of
      Participant’s vested Account be distributed in the form of cash or other
      property. Any distribution or payment made in settlement of
      Participant’s Account will be subject to the satisfaction of applicable
      tax withholding requirements. If and to the extent the Account is
      settled in the form of Fund shares, the Committee may withhold Fund
      shares having a net share value sufficient to cover all or part of the
      tax withholding obligation. The Committee may also cause the tax
      withholding obligation to be satisfied in whole or in part from salary
      and/or incentive compensation otherwise payable to Participant outside
      of this Agreement.
    

    
      7.        Funding. The
      Company may purchase shares of the Fund corresponding to the Fund shares
      that are notionally credited to Participant’s Account in order to enable
      the Company to fund its obligations under this Agreement. Any such
      shares will be owned by and held in the name of the Company, and neither
      Participant or Participant’s Beneficiary (or any other person claiming
      through or under Participant or Participant’s Beneficiary) shall have
      any legal or equitable ownership interest in, or lien on, such shares or
      any other assets of the Company that may be set aside or earmarked for
      the satisfaction of the Company’s obligations under this Agreement. If
      the Company elects to maintain a separate fund or makes specific
      investments to fund its obligations under this Agreement, the Company
      reserves the right, in its sole discretion, to terminate such method of
      funding at any time, in whole or in part. Nothing contained herein and
      no action taken by the Company pursuant to the provisions hereof shall
      be deemed to create a trust of any kind or a fiduciary relationship
      between Participant or Participant’s Beneficiary (or other interested
      person) and the Company or the Committee (or any of its or their
      affiliates, agents or employees), or require the Company to maintain or
      set aside any specific funds for the purpose of paying any amounts that
      may become payable hereunder. Any amount payable to a Participant or
      Beneficiary pursuant to the Plan shall be paid from the general assets
      of the Company. Nothing contained herein and no action taken by the
      Company pursuant to the provisions hereof shall be deemed to create a
      trust of any kind or a fiduciary relationship between any Participant or
      Beneficiary (or other interested person) and the Company or the
      Committee (or any of its or their affiliates, agents or employees), or
      require the Company to maintain or set aside any specific funds for the
      purpose of paying any amounts that may become payable hereunder. To the
      extent that a Participant or Beneficiary acquires any rights to receive
      payments under the Plan, such rights shall be no greater than the rights
      of any unsecured general creditor of the Company. If and to the extent
      that Participant or Participant’s Beneficiary has the right to receive
      payments under this Agreement in settlement of Participant’s vested
      Account, such right shall be that of a general unsecured creditor of the
      Company, it being understood that the Company’s obligations hereunder
      are unfunded and unsecured for purposes of applicable law.
    

    
      
        

        

      

      
        
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      8.        Miscellaneous.
    

    
      (a)       This Agreement supersedes any prior agreement or
      understanding, written or oral, with respect to the subject
      matter, except the employment agreement between Westwood Holdings Group,
      Inc. and Participant effective February 7, 2012.  This
      Agreement  may be amended only by written agreement signed by both
      parties.
    

    
      (b)       No right or interest of Participant (or Participant’s
      Beneficiary) under this Agreement may be assigned, alienated, pledged,
      hypothecated or otherwise transferred by Participant (or Participant’s
      Beneficiary), and any attempt to do so shall be null and void.
    

    
      (c)       Nothing contained in this Agreement shall be deemed to
      constitute a contract of employment between Participant and any member
      of WHG, or to give Participant any right to be retained in the employ or
      other service of any member of WHG, or to interfere with the right of
      any member of WHG to terminate or modify the terms of Participant’s
      employment. Similarly, nothing contained in this Agreement shall give
      Participant any right to receive future awards of incentive
      compensation, whether under the Plan or otherwise.
    

    
      (d)       The bonus opportunity covered by this Agreement is intended to
      be exempt from Section 409A of the Internal Revenue Code of 1986
      pursuant to the “short-term deferral” exemption set forth in Treasury
      Regulation §1.409A-1(b)(4). This Agreement will be administered,
      interpreted and applied accordingly. Notwithstanding the foregoing,
      Participant will be solely responsible for satisfying any tax
      obligations, including any related penalty and interest assessments,
      resulting from the compensation, if any, earned by Participant
      hereunder.   
    

    
      (e)       Except as otherwise preempted by the laws of the United
      States, this Agreement and the rights and obligations of the parties
      hereunder shall be governed by and construed in accordance with the laws
      of the State of Texas, without giving effect to its conflict of law
      provisions.
    

    
      
        

        

      

      
        
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      IN WITNESS WHEREOF, the parties have executed this Agreement as of the
      date first above written.
    

    	
           
        	
          
            WESTWOOD HOLDINGS GROUP, INC.
          

        
	

        	

        	
           
        	

        
	
           
        
	

        	

        	

        	
           
        
	

        	
          By:
        	
           
        	
          /s/ Brian O. Casey
        
	

        	

        	

        	
          Brian O. Casey
        
	

        	

        	

        	
          President and Chief Executive Officer
        
	

        	

        	

        	
           
        
	

        	
          PARTICIPANT:
        
	

        	

        	

        	
           
        
	
           
        
	

        	

        	

        	
           
        
	

        	
          By:
        	
           
        	
          /s/ Mark Freeman
        
	

        	

        	

        	
          Mark Freeman
        
	

        	

        	

        	
          Executive Vice President, Chief Investment Officer
        

    

    
      - 5 -exh_49.htm

Exhibit 4.9

 

FIRST AMENDMENT TO CREDIT AND SECURITY AGREEMENT

 

THIS FIRST AMENDMENT TO CREDIT AND SECURITY AGREEMENT (this “Amendment”), executed on January 20, 2012, is by and among Tandy Brands Accessories, Inc., a Delaware corporation (“Parent”), H.A. Sheldon Canada Ltd., an Ontario corporation (“HA Sheldon”; Parent and HA Sheldon are herein collectively called “Company”), and Wells Fargo Bank, National Association (“Wells Fargo”), acting through its Wells Fargo Business Credit operating division.

 

W I T N E S S E T H:

 

WHEREAS, Parent, HA Sheldon and Wells Fargo have entered into that certain Credit and Security Agreement dated as of August 25, 2011 (as heretofore amended, supplemented or otherwise modified, the “Original Credit Agreement”), for the purposes and consideration therein expressed, pursuant to which Wells Fargo from time to time makes loans to Company as therein provided; and

 

WHEREAS, Company and Wells Fargo desire to amend the Original Credit Agreement as set forth herein.

 

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein and in the Credit Agreement, in consideration of the loans made and which may hereafter be made by Wells Fargo to Company, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

ARTICLE I

DEFINITIONS AND REFERENCES

 

Section 1.1. Terms Defined in the Original Credit Agreement.  Unless the context otherwise requires or unless otherwise expressly defined herein, the terms defined in the Original Credit Agreement shall have the same meanings whenever used in this Amendment.

 

Section 1.2. Other Defined Terms.  Unless the context otherwise requires, the following terms when used in this Amendment shall have the meanings assigned to them in this Section 1.2.

 

“Amendment” means this First Amendment to Credit and Security Agreement.

 

“Credit Agreement” means the Original Credit Agreement, as amended, supplemented or modified through the date hereof and including hereby.

 

  

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ARTICLE II

AMENDMENTS TO CREDIT AGREEMENT

 

Section 2.1. Post-Closing Deliverables.  Section 5.8 of the Original Credit Agreement is hereby amended and restated in full to read as follows:

 

“5.8           Post-Closing Deliverables.  Company shall be required to use its commercially reasonable efforts to obtain and deliver to Wells Fargo a Licensor Agreement with each of totes, incorporated, Eddie Bauer Licensing Services LLC, Wolverine World Wide, Inc. in favor of Wells Fargo, together with a true, correct and complete copy of all material license agreements entered into between each licensor and Company, in each case not later than February 28, 2012.”

 

Section 2.2. Title.  Section 5.9 of the Original Credit Agreement is hereby amended and restated in full to read as follows:

 

“5.9           Title. Parent shall, not later than March 31, 2012, provide evidence satisfactory to Wells Fargo as to its ownership, subject to no Liens other than Permitted Liens, of the real property located at 500 Airport Road, 502 Airport Road and 107 W. Gonzales, Yoakum, Texas in Lavaca County.”

 

Section 2.3. Exhibit A.  Exhibit A of the Original Credit Agreement is hereby amended by:

 

(a) amending and restating clause (m) of the definition of “Eligible Accounts” in full to read as follows:

 

(m)           Accounts owed by an account debtor, regardless of whether otherwise eligible, to the extent that the aggregate balance of such Accounts exceeds (i) with respect to Accounts owed by Wal-Mart at any time or Accounts owed by JC Penney during the High Season only, 25% of the aggregate amount of all Accounts, (ii) with respect to Accounts owed by Kohl’s, 40% of the aggregate amount of all Accounts and (iii) with respect to all other Accounts (including those owed by JC Penney at any time not High Season), 15% of the aggregate amount of all Accounts;

 

(b) amending and restating the definition of “High Season” in full to read as follows:

 

“‘High Season’ means, for any calendar year, the period consisting of the months of January and February and October through December of such calendar year.”

 

ARTICLE III

CONDITIONS OF EFFECTIVENESS

 

Section 3.1. Effective Date.  This Amendment shall become effective as of the date first written above (the “Effective Date”) when and only when each of the following conditions precedent shall have been satisfied in full:

 

  

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(a) Wells Fargo shall have received, at Wells Fargo’s office, a duly executed counterpart by Parent and HA Sheldon of this Amendment;

 

(b) Company shall have paid to Wells Fargo a $5,000 amendment fee and all other outstanding fees and expenses owing to Wells Fargo under the Loan Documents as of such date;

 

(c) The representations and warranties contained herein and in the Credit Agreement and other Loan Documents are true and correct with the same effect as though such representations and warranties had been made on and as of the date hereof and after giving effect to the amendments contemplated hereby, except to the extent such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and accurate on and as of such earlier date) or changes resulting from transactions expressly permitted under the Credit Agreement or other Loan Documents; and

 

(d) No Event of Default or other event which with the giving of notice or passing of time, or both, would constitute and Event of Default, shall have occurred and be continuing.

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

 

Section 4.1. Representations and Warranties of Company.  In order to induce Wells Fargo to enter into this Amendment, each of Parent and HA Sheldon hereby represents and warrants to Wells Fargo that:

 

(a) After giving effect to this Amendment, the representations and warranties contained in the Original Credit Agreement are true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date hereof and after giving effect to the amendments contemplated hereby, except to the extent such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and accurate in all material respects on and as of such earlier date) or changes resulting from transactions expressly permitted under the Credit Agreement or other Loan Documents;

 

(b) Each such Person is duly authorized to execute and deliver this Amendment and is and will continue to be duly authorized to perform its obligations under the Credit Agreement and the other Loan Documents to which it is a party and such Person is and will continue to be duly authorized to borrow under the Credit Agreement.  Each such Person has duly taken all corporate action necessary to authorize the execution and delivery of this Amendment and to authorize the performance of their respective obligations hereunder;

 

(c) The execution and delivery by such Person of this Amendment, the performance by it of its obligations hereunder and the consummation of the transactions contemplated hereby do not and will not conflict with any provision of law, statute, rule or regulation or of its articles of incorporation or bylaws, or of any agreement, judgment, license, order or permit applicable to or binding upon it.  Except for those which have been duly obtained and are in full force and effect, no consent, approval, authorization or order of any court or governmental authority or third party is required in connection with the execution and delivery by such Person of this Amendment or to consummate the transactions contemplated hereby;

 

  

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(d) When duly executed and delivered, this Amendment will be a legal and binding instrument and agreement of Company, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency and similar laws applying to creditors’ rights generally and by principles of equity applying to creditors’ rights generally.

 

ARTICLE V

MISCELLANEOUS

 

Section 5.1. Ratification of Agreement.  The Original Credit Agreement as hereby amended is hereby ratified and confirmed in all respects.  This Amendment shall constitute a “Loan Document” under and as defined in the Credit Agreement in all respects and for all purposes.  Any reference to the Credit Agreement in any Loan Document shall be deemed to refer to the Original Credit Agreement as amended by this Amendment also.  The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of Wells Fargo under the Credit Agreement or any other Loan Document nor constitute a waiver of any provision of the Credit Agreement or any other Loan Document.

 

Section 5.2. Survival of Agreements.  All representations, warranties, covenants and agreements of Company herein shall survive the execution and delivery of this Amendment and the performance hereof, and shall further survive until all of the Indebtedness is paid in full.  All statements and agreements contained in any certificate or instrument delivered by Company and any Guarantors hereunder or under the Credit Agreement to Wells Fargo shall be deemed to constitute representations and warranties by, or agreements and covenants of, such Person or any such Guarantor, as applicable, under this Amendment and under the Credit Agreement.

 

Section 5.3. Severability.  Any provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable; provided that the parties hereto shall endeavor in good faith to promptly replace any such invalid or unenforceable provisions with substantially similar provisions that are enforceable.

 

Section 5.4. Further Assurances.  Each of Parent and HA Sheldon hereby agrees to establish, make, prepare, execute, deliver, file, amend, authorize, ratify, affirm and/or approve any and all agreements, instruments, notes, waivers, consents, licenses, accounts and other documents, and take any and all other actions and do all other things necessary or desirable to consummate or otherwise give effect to the transactions and grant of security contemplated by this Amendment and the Credit Agreement.

 

Section 5.5. GOVERNING LAW; JURISDICTION, VENUE; WAIVER OF JURY TRIAL

 

.  THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS (OTHER THAN CONFLICT LAWS) OF THE STATE OF TEXAS.  THE PARTIES TO THIS AMENDMENT (A) CONSENT TO THE PERSONAL JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN THE STATE OF TEXAS IN CONNECTION WITH ANY CONTROVERSY RELATED TO THIS AMENDMENT; (B) WAIVE ANY ARGUMENT THAT VENUE IN ANY SUCH FORUM IS NOT CONVENIENT; (C) AGREE THAT ANY LITIGATION INITIATED BY WELLS FARGO OR COMPANY IN CONNECTION WITH THIS AMENDMENT OR THE OTHER LOAN DOCUMENTS MAY BE VENUED IN EITHER THE STATE OR FEDERAL COURTS LOCATED IN THE COUNTY OF DALLAS, STATE OF TEXAS, AND (D) AGREE THAT A FINAL JUDGMENT IN ANY SUCH SUIT, ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. THE PARTIES HERETO WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION AT LAW OR IN EQUITY OR IN ANY OTHER PROCEEDING BASED ON OR PERTAINING TO THIS AMENDMENT.

 

  

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Section 5.6. Counterparts; Fax.  This Amendment may be separately executed in counterparts and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to constitute one and the same Amendment.  This Amendment may be duly executed and delivered by facsimile transmission, electronic mail or other electronic means.

 

Section 5.7. FINAL AGREEMENT.  THIS AMENDMENT TOGETHER WITH  THE OTHER LOAN DOCUMENTS COMPRISES THE COMPLETE AND INTEGRATED AGREEMENT OF THE PARTIES ON THE SUBJECT MATTER OF THIS AMENDMENT AND SUPERSEDES ALL PRIOR AGREEMENTS, WHETHER ORAL OR EVIDENCED IN A RECORD.

 

THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

[The remainder of this page is intentionally left blank.]

 

 

  

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

 

 

TANDY BRANDS ACCESSORIES, INC.

 

By:      _____________________________   

Name:

Title:

 

H.A. SHELDON CANADA, LTD.

 

By:      _____________________________

Name:

Title:

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

By:      _____________________________

Name:

Title:

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