Document:

Exhibit 10.53

             

            
            JOINDER AGREEMENT,

            
            SECOND AMENDMENT AND SUPPLEMENT
             

            
            TO AMENDED AND RESTATED CREDIT AGREEMENT

             

            
            THIS JOINDER AGREEMENT, SECOND AMENDMENT AND SUPPLEMENT TO AMENDED AND
            RESTATED CREDIT AGREEMENT (this “Amendment”) is made and entered into this
            13th day of November, 2007, by and among REMINGTON ARMS
            COMPANY, INC., a Delaware corporation and successor by merger
            to RA Factors, Inc., a Delaware corporation, as the existing borrower
            (“Remington”); and RA BRANDS,
            L.L.C., a Delaware limited liability company
            (“Brands”), as the new borrower (Remington and Brands hereafter referred to
            as “Borrowers”, and each individually as a “Borrower”);
            WACHOVIA BANK, NATIONAL ASSOCIATION, a
            national banking association with an office at 301 South College Street, Charlotte,
            North Carolina 28288, in its capacity as administrative and collateral agent (together
            with its successors in such capacity, “Agent”) for various financial
            institutions (“Lenders”); and such Lenders.

            
             

            
            Recitals:

            
            Agent, Lenders and Remington are parties to a certain Amended and
            Restated Credit Agreement dated March 15, 2006, as amended by that certain First
            Amendment to Amended and Restated Credit Agreement dated May 31, 2007 (as at any time
            amended, restated, modified or supplemented, the “Credit Agreement”),
            pursuant to which Agent and Lenders have made certain revolving credit loans to
            Remington.

            
            Remington has requested that Agent and Lenders agree to permit a single
            proposed Acquisition by Remington or any of its Subsidiaries occurring on or before
            January 31, 2008 in addition to those acquisitions currently constituting Permitted
            Acquisitions under the Credit Agreement.

            
            Remington has also requested that Agent and Lenders increase the
            Revolver Commitments and provide to Borrowers a term loan based on the value of
            Remington’s and Brands’ intellectual property rights. In connection with
            the requested term loan, Remington has requested that the current guarantor, Brands, be
            joined as a “Borrower” under the Credit Agreement. Agent and Lenders are
            willing to amend the definition of “Permitted Acquisition”, increase the
            Revolver Commitments, provide a term loan, and give effect to the joinder of Brands as
            a Borrower under the Credit Agreement, in each case on the terms and conditions set
            forth in this Amendment.

            
            Brands is executing this Amendment to become a party to the Credit
            Agreement and in order to induce Agent and Lenders to extend additional credit under
            the Credit Agreement.

            
            The parties now desire to join Brands as a Borrower, and amend and
            supplement the Credit Agreement as hereinafter set forth.

            
            NOW, THEREFORE, for TEN DOLLARS ($10.00) in hand paid and other good and
            valuable consideration, the receipt and sufficiency of which are hereby severally
            acknowledged, the parties hereto, intending to be legally bound hereby, agree as
            follows:

            
            1.          
            Definitions.
            All capitalized terms used in this Amendment, unless otherwise defined
            herein, shall have the meaning ascribed to such terms in the Credit
            Agreement.

             

            

            

            

            

             

            
            2.          
            Joinder of New Borrower. By its
            signature below and subject to the satisfaction of the conditions set forth herein,
            Brands becomes a Borrower under the Credit Agreement with the same force and effect as
            if originally named therein as a Borrower, and Brands hereby agrees to all the terms
            and provisions of the Credit Agreement applicable to it as a Borrower thereunder. Each
            reference to “Borrower” or “Borrowers” in the Credit Agreement
            shall be deemed to include Brands. Upon the effectiveness of the joinder of Brands to
            the Loan Agreement, Brands shall be directly and primarily liable as a Borrower for all
            of the Obligations now or hereafter owing under the Credit Agreement and the other
            Credit Documents, and concurrently therewith, Brands shall without further action cease
            to constitute a Subsidiary Guarantor with respect to such Obligations under the Credit
            Agreement and the other Credit Documents. The Obligations owing by Brands shall
            henceforth be evidenced by the Credit Agreement and the Notes and the Subsidiary
            Guaranty previously executed by Brands shall be released and of no further force or
            effect. The parties hereto agree to execute and deliver such instruments, assignments
            or documents as are necessary under Applicable Law to give effect to or carry out the
            intent and purposes of the joinder of Brands as a Borrower and concurrent cessation of
            Brands as a separate Subsidiary Guarantor.

            
            3.          
            Joint and Several Liability; Borrowers’
            Representative. Brands acknowledges that it has requested
            Agent and Lenders to extend financial accommodations to it and to the other Borrowers
            in accordance with the provisions of the Credit Agreement, as hereby amended. In
            accordance with the terms of the Credit Agreement, Brands acknowledges and agrees that
            it shall be jointly and severally liable for any and all Loans and other Obligations
            heretofore or hereafter made by Agent and Lenders to Brands or any of the other
            Borrowers and for all interest, fees and other charges payable in connection therewith.
            Brands shall be liable for, on a joint and several basis, the timely payment by the
            other Borrowers of, all of the Loans and the other Obligations, regardless of which
            Borrower actually may have received the proceeds of any Loans or other extensions of
            credit hereunder or the amount of such Loans received or the manner in which Agent or
            any Lender accounts for such Loans or other extensions of credit on its books and
            records, it being acknowledged and agreed that Loans to one Borrower inure to the
            mutual benefit of all Borrowers and that Agent and Lenders are relying on the joint and
            several liability of Borrowers in extending the Loans and other financial
            accommodations hereunder. Brands hereby irrevocably
            appointsRemington, and Remington agrees to act under the Credit
            Agreement as, the agent and representative of itself and Brands for all purposes under
            the Credit Agreement, including requesting Borrowings, selecting whether any Loan or
            portion thereof is to bear interest as a Base Rate Loan or a Euro-Dollar Loan, and
            receiving account statements and other notices and communications to Borrowers (or
            either of them) from Agent. Agent may rely, and shall be fully protected in relying, on
            any Notice of Borrowing, Notice of Conversion/Continuation, disbursement instructions,
            reports, information, Borrowing Base Certificate or any other notice or communication
            made or given by Remington, whether in its own name, on behalf of any Borrower or
            on behalf of “the Borrowers”.

            
            4.          
            Amendments to Credit
            Agreement. Subject to the
            satisfaction of each of the conditions precedent set forth in Section 8 of this
            Amendment, the Credit Agreement is hereby amended as follows:

            
            (a)        By deleting the
            definitions of “Applicable Margin”, “Borrower and Borrowers”,
            “Default Rate”, “Formula Amount”, “Inventory Formula
            Amount”, “Loan”, “Minimum Availability Condition”,
            “Notes”, “Pro Rata”and “Revolver
            Commitment” contained in Section 1.1 of the Credit Agreement and by substituting
            in lieu thereof the following:

            
             

             

            
            -2-

             

            

            

            

            

             

             

            
            Applicable Margin - a percentage determined
            on the Second Amendment Date by reference to the immediately preceding Pricing
            Determination Date and on each Pricing Adjustment Date thereafter, the Applicable
            Margin shall be increased or decreased, based upon Average Excess Availability for the
            Fiscal Quarter ending on such Pricing Determination Date, as set forth in the table
            below (but decreased only if on the relevant Pricing Determination Date no Default or
            Event of Default exists):

            	
                        
                        
                        Tier

                    	
                        
                        
                        Average Excess
                        Availability

                    	
                        
                        
                        Applicable Margin for Euro-Dollar Loans

                    	
                        
                        
                        Applicable Margin for

                        
                        
                        Base Rate Loans

                    
	
                        
                        
                        I

                    	
                        
                        
                        Less than $22,000,000

                    	
                        
                        
                        2.00%

                    	
                        
                        
                        0.50%

                    
	
                        
                        
                        II

                    	
                        
                        
                        Equal to or greater than $22,000,000 but less than $33,000,000

                    	
                        
                        
                        1.75%

                    	
                        
                        
                        0.25%

                    
	
                        
                        
                        III

                    	
                        
                        
                        Equal to or greater than $33,000,000 but less than $44,000,000

                    	
                        
                        
                        1.50%

                    	
                        
                        
                        0.00%

                    
	
                        
                        
                        IV

                    	
                        
                        
                        Equal to or greater than $44,000,000 but less than $55,000,000

                    	
                        
                        
                        1.25%

                    	
                        
                        
                        - 0.25%

                    
	
                        
                        
                        V

                    	
                        
                        
                        Equal to or greater than $55,000,000

                    	
                        
                        
                        1.00%

                    	
                        
                        
                        - 0.50%

                    

            
             

            
            Any such increase or reduction in the Applicable Margin shall be
            effective on the first day of the Fiscal Quarter following Agent’s receipt of the
            applicable financial statements and corresponding Compliance Certificate (each a
            “Pricing Adjustment Date”). If the financial statements and the Compliance
            Certificate of Borrowers setting forth Average Excess Availability for the applicable
            period are not received by Agent by the date required pursuant to
            Section 
            10.1.3 of this Agreement, the Applicable
            Margin shall be determined as if Average Excess Availability is less than $22,000,000
            until such time as such financial statements and Compliance Certificate are received
            and any Event of Default resulting from a failure to timely deliver such financial
            statements or Compliance Certificate is waived in writing by Agent and Lenders in their
            sole discretion; provided,
            however, that nothing herein shall be
            deemed to prevent Agent and Lenders from charging interest at the Default Rate for so
            long as an Event of Default exists. In the event that any financial statement or
            Compliance Certificate delivered by Borrowers is shown to be inaccurate (whether such
            inaccuracy is discovered at any time during the effectiveness of this Agreement or up
            to six months thereafter), and such inaccuracy, if corrected, would have led to the
            application of a higher Applicable Margin for any period (an “Applicable
            Period”) than the Applicable Margin applied for such Applicable Period, then
            (i) Borrowers

            
             

            
            -3-

            
             

            

            

            

            

             

            
            shall immediately deliver to Agent a correct Compliance Certificate for
            such Applicable Period, (ii) the Applicable Margin for such Applicable Period
            shall be deemed to be the Applicable Margin that would have been in effect for such
            Applicable Period had the financial statement or Compliance Certificate delivered by
            Borrowers not contained the inaccuracy, and (iii) Borrowers shall immediately pay to
            Agent the accrued additional interest owing as a result of such increased Applicable
            Margin for such Applicable Period, which payment shall be promptly applied by the Agent
            in accordance with the terms of this Agreement. Neither the recalculation of the
            Applicable Margin for such an Applicable Period, nor the payment by Borrowers of the
            accrued additional interest required hereunder, shall limit the rights of Agent and
            Lenders with respect to their ability to charge interest at the Default Rate, or to
            declare any Event of Default or exercise any of their remedies during the existence of
            such an Event of Default.

            
             

            
            Borrower and Borrowers - shall mean each of
            (a) Remington, (b) on and after the Second Amendment Date, Brands, and (c) any other
            entity which becomes a borrower under this Agreement from time to time pursuant to a
            joinder agreement in form and substance satisfactory to Agent and approved by
            Remington.

            
             

            
            Default Rate - on any date, a rate per
            annum that is equal to (i) in the case of each Revolver Loan outstanding on such date
            and the principal balance of Term Loans outstanding on such date, 2% in excess of the
            rate otherwise applicable to such Loans on such date, and (ii) in the case of any other
            Obligations outstanding on such date, 3.25% in excess of the Alternate Base Rate in
            effect on such date.

            
             

            
            Formula Amount - on any date of
            determination thereof, an amount equal to the lesser of (a) (i) the sum of the
            Inventory Formula Amount and the Accounts Formula Amount on such date,
            minus (ii) the Availability Reserve on
            such date, or (b) the sum of (i) the amount on such date that constitutes
            “Permitted Indebtedness” under clause (i) of the definition of that term in
            the New Senior Notes Indenture as in effect on January 24, 2003
            plus (ii) the amount of Obligations that
            Borrowers would be permitted to incur hereunder on such date under clause (xiv) of the
            definition of “Permitted Indebtedness” without causing a breach or
            violation of the New Senior Notes Indenture as in effect on January 24, 2003,
            minus (iii) the outstanding principal
            balance of the Term Loan on such date.

            
             

            
            Inventory Formula Amount - on any date of
            determination thereof, an amount equal to the least of (i) $77,500,000, (ii) the sum
            derived by multiplying the Applicable Inventory Percentage by the Value of Eligible
            Inventory consisting of Finished Goods and the Applicable Inventory Percentage by the
            Value of Eligible Inventory consisting of Raw Materials, or (iii) the Appraised
            NOLV as of such date.

            
             

             

            
            -4-

             

            

            

            

            

             

             

            
            Loan - all or any portion of a Revolver
            Loan or a Term Loan Advance (and each Base Rate Loan and Euro-Dollar Loan comprising
            such Loan).

            
             

            
            Minimum Availability Condition - on any
            date of determination, Excess Availability of not less than $27,500,000.

            
             

            
            Notes - each Revolver Note, each Term Note,
            the Settlement Note and any other promissory note executed by Borrowers at
            Agent’s request to evidence any of the Obligations.

            
             

            
            Pro Rata - with respect to any Lender on
            any date, a percentage (expressed as a decimal, rounded to the ninth decimal place)
            derived by dividing the amount of the total Commitments of such Lender on such date by
            the aggregate amount of the Commitments of all Lenders on such date (regardless of
            whether or not any of such Commitments have been terminated on or before such
            date).

            
             

            
            Revolver Commitment - at any date for any
            Lender, the obligation of such Lender to make Revolver Loans and to participate in LC
            Obligations pursuant to the terms and conditions of this Agreement, which shall not
            exceed the principal amount set forth opposite such Lender’s name under the
            heading “Revolver Commitment” on the signature pages hereof (or any
            amendment hereto to the extent provided therein) or the signature page of the
            Assignment and Acceptance by which it became a Lender, as modified from time to time
            pursuant to the terms of this Agreement or to give effect to any applicable Assignment
            and Acceptance; and “Revolver
            Commitments” means the aggregate principal amount of
            the Revolver Commitments of all Lenders, the maximum amount of which shall not exceed
            $155,000,000 on the Second Amendment Date but which shall be reduced in accordance with
            the terms of Section 
            2.1.6 hereof.

            
             

            
            (b)        By adding the following
            new definitions of “2007 Permitted Acquisition”, “Commitment”,
            “Second Amendment Date”, “Term Loan”, “Term Loan
            Advance”, “Term Loan Commitment” and “Term Note” to
            Section 1.1 of the Credit Agreement in proper alphabetical sequence:

            
             

            
            2007 Permitted Acquisition - a single
            Acquisition by Remington or any of its Subsidiaries occurring after the Second
            Amendment Date but on or before January 31, 2008, so long as each of the following
            additional conditions are satisfied prior to or simultaneously with such Acquisition in
            form and substance satisfactory to Agent:

            
             

            
            (1)        
            No Default or Event of Default. No Default
            or Event of Default occurs or exists on the date of such Acquisition and no default or
            event of default exists on any other Debt or Material Contract of Remington, Brands or
            the Person that is the subject of the Acquisition (the “Target Company”) on
            the date of such Acquisition.

             

            
            -5-

             

            

            

            

            

             

             

            
            (2)        
            Aggregate Consideration. Agent shall have
            approved the amount of the aggregate consideration paid by Borrowers and/or any of
            their Subsidiaries (including the assumption of any Debt) in connection with such
            Acquisition, such approval not to be unreasonably withheld or delayed;
            provided that
            in no event shall such aggregate consideration exceed
            $60,000,000.

            
            (3)        
            Financial Information. Agent shall have
            received all financial information, projections, budgets, business plans, cash flows
            and such other information as Agent shall request from time to time with respect to
            Remington, Brands and the Target Company, including, without limitation, (A) projected
            monthly balance sheets, income statements, statements of cash flows and availability of
            Remington, Brands and the Target Company for the periods through the end of the 2007
            and 2008 fiscal years of Remington, Brands and the Target Company, (B) projected annual
            balance sheets, income statements, statements of cash flows and availability of
            Remington, Brands and the Target Company through the end of the 2007 and 2008 fiscal
            years of Remington, Brands and the Target Company, in each case as to the projections
            described in clauses (A) and (B), with the results and assumptions set forth in all of
            such projections, and an opening pro forma balance sheet for Remington, Brands and the
            Target Company and, (C) any updates or modifications to the projected financial
            statements previously received by Agent, and (D) current agings of receivables, current
            perpetual inventory records and/or rollforwards of accounts and inventory through the
            Second Amendment Date, together with supporting documentation.

            
            (4)        
            Due Diligence. Agent and Lenders shall have
            completed their business and legal due diligence with respect to Remington, Brands and
            the Target Company, with results satisfactory to Agent and Lenders, including (i)
            receipt and review of a summary of the final terms of such Acquisition, including,
            without limitation, the anticipated impact on Remington’s capital structure and
            the proposed source of funding for, and use of proceeds of, such Acquisition,
            and(ii) field examinations of the business and collateral of
            Remington, Brands and the Target Company in accordance with Agent’s customary
            procedures and practices and as otherwise required by the nature and circumstances of
            the businesses of Remington, Brands and the Target Company (the “Acquisition
            Field Exams”), and Agent and Lenders shall be satisfied with the corporate and
            capital structure and management of Remington, Brands and the Target Company both prior
            to and after giving effect to such Acquisition, and with all legal, tax, accounting and
            other matters relating to Remington, Brands and the Target Company.

            
            (5)        
            Joinder Agreement, Notes and Security
            Documents. Agent shall have received a joinder agreement
            providing for the joinder of the Target Company as a Borrower, the Notes, in each
            case

            
             

            
            -6-

            
             

            

            

            

            

             

            
            conforming to the requirements of the Credit Agreement, a security
            agreement, and such other Security Documents (including, without limitation, any pledge
            agreements or supplements) as may be required by Agent, and executed by a duly
            authorized officer of each Borrower, pursuant to which the Target Company shall grant a
            security interest in all or substantially all of its assets to secure the Obligations
            of the Target Company as a Borrower under the Credit Agreement, as amended by this
            Amendment.

            
            (6)        
            Availability. Agent shall have determined,
            and Lenders shall be satisfied, that, after giving effect to such Acquisition,
            Availability is not less than $27,500,000.

            
            (7)        
            Evidence of Perfection and Priority of
            Liens. Agent shall have received confirmation that all UCC-1
            financing statements and other Security Documents required to be filed or recorded to
            perfect the Liens of Agent in Collateral of the Target Company (excluding only
            Intellectual Property which is registered in countries other than the United States)
            have been filed or delivered to Agent and evidence that such Liens will constitute
            valid and perfected security interests and Liens, and that there are no other Liens
            upon Collateral except for Permitted Liens.

            
            (8)        
            Lien Payoff Documentation, Lien Releases.
            Agent shall have received all releases, terminations and such other documents as Agent
            may request to evidence and effectuate the termination by the existing lenders (if any)
            to the Target Company of their respective financing arrangements with the Target
            Company and the termination and release by it or them, as the case may be, of any
            interest in and to any assets and properties of the Target Company acquired pursuant to
            the Acquisition.

            
            (9)        
            Cash Management System. The Target Company
            shall have established a cash management system, including blocked accounts for
            collections of the accounts receivable of the Target Company, and the transfer of such
            collections to Agent, and subject to control agreements by the banks at which such
            accounts are maintained.

            
            (10)       
            Organization Documents. Agent shall have
            received a copy of the Organization Documents of the Target Company, and all amendments
            thereto, certified by the Secretary of State or other appropriate officials of the
            jurisdiction of the Target Company’s state of organization.

            
            (11)       
            Good Standing Certificates. Agent shall
            have received good standing certificates for the Target Company, issued by the
            Secretary of State or other Governmental Authority of the Target Company’s
            jurisdiction of organization.

             

            
            -7-

             

            

            

            

            

             

             

            
            (12)       
            Insurance. Agent shall have received
            certified copies of the casualty insurance policies of the Target Company with respect
            to Collateral and business interruption insurance policies, together with loss payable
            endorsements on Agent’s standard form of loss payee endorsement naming Agent as
            loss payee with respect to each such policy and certified copies of the Target
            Company’s liability insurance policies, including product liability policies,
            together with endorsements naming Agent as an additional insured, all as required by
            the Credit Documents.

            
            (13)       
            No Material Adverse Change. No material
            adverse change in the business, Properties, results of operations or financial
            condition of the Target Company shall have occurred in violation of the documents or
            instruments giving effect to the Acquisition.

            
            (14)       
            Non-Violation of New Senior Notes Indenture; Legal
            Opinions. Agent shall have received and reviewed an opinion
            letter from Borrowers’ and Guarantors’ counsel that the Acquisition and the
            Target Company’s joinder to the Credit Agreement as a Borrower does not violate
            the New Senior Notes Indenture, and a certificate from one or more officers of
            Borrowers and Guarantors to that effect.

            
            (15)       
            Acquisition Agreements. Agent shall have
            received duly executed certified copies of the documents or instruments giving effect
            to the Acquisition, including all exhibits and schedules thereto.

            
            (16)       
            Other Agreements. Agent shall have received
            each additional document or instrument reasonably requested by the Required Lenders,
            duly executed by the parties thereto.

            
            (17)       
            No Litigation. No action, proceeding,
            investigation, regulation or legislation shall have been instituted, threatened or
            proposed before any court, governmental agency or legislative body to enjoin, restrain
            or prohibit, or to obtain damages in respect of, or which is related to or arises out
            of, this Amendment, the Credit Agreement or any of the other Credit Documents or the
            consummation of the transactions contemplated hereby or thereby.

            
            (18) Borrowing Base
            Certificate. Agent shall have received the most recent
            Borrowing Base Certificate required by the terms of this Agreement on or prior to the
            date of the Acquisition or otherwise requested by Agent pursuant to the terms
            hereof.

            
             

            
            Commitment - at any date for any Lender,
            the aggregate amount of such Lender’s Revolver Commitment and Term Loan
            Commitment on such date, and
            “Commitments” means
            the aggregate amount of all Revolver Commitments and Term Loan Commitments on
            such date.

            
             

            
            Second Amendment Date - November 13,
            2007.

            
             

             

            
            -8-

             

            

            

            

            

             

             

            
            Term Loan - the aggregate of the Term Loan
            Advances made by Lenders to Borrowers pursuant to
            Section 
            2.2.1.

            
            Term Loan Advance - the advance made by a
            Lender as part of the Term Loan on the Second Amendment Date and thereafter means
            such Lender’s portion of the Term Loan.

            
            Term Loan Commitment - at any date for any
            Lender, the obligation of such Lender to make its Term Loan Advance pursuant to
            the terms and conditions of this Agreement, which shall not exceed the principal
            amount set forth opposite such Lender’s name under the heading
            “Term Loan Commitment” on the signature pages hereof (or any amendment
            hereto to the extent provided therein) or the principal amount set forth in any
            Assignment and Acceptance by which it became a Lender, as modified from time to time
            pursuant to the terms of this Agreement or to give effect to any applicable Assignment
            and Acceptance; and the term “Term Loan
            Commitments” means the aggregate principal amount of
            the Term Loan Commitment of each Lender, the maximum amount of which shall not exceed
            $25,000,000.

            
            Term Note - as defined in
            Section 
            2.2.2.

             

            
            (c)        By deleting the
            lead-in language to Section 2 of the Credit Agreement and by substituting in lieu
            thereof the following:

             

            
            Subject to the terms and conditions of, and in reliance upon the
            representations and warranties made in, this Agreement and the other Credit Documents,
            Lenders severally agree to the extent and in the manner hereinafter set forth to make
            their respective Pro Rata shares of the Commitments available to Borrowers, in an
            aggregate amount of up to $180,000,000, as follows:

             

            
            (d)        By deleting Section
            2.2 of the Credit Agreement and by substituting in lieu thereof the
            following:

            
             

            	
                        
                        2.2

                    	
                        
                        Term Loan Commitments.

                    

            
            2.2.1           
            Term Loan. Subject to and upon the terms and conditions herein
            set forth, each Lender severally agrees to make to Borrowers a Term Loan Advance
            in an amount not to exceed such Lender’s Term Loan Commitment. The Term Loan
            shall be comprised of Term Loan Advances in the aggregate principal amount of the Term
            Loan Commitment and shall be funded by Lenders on the Second Amendment Date. The
            proceeds of the Term Loan Advances shall be used by Borrowers solely for purposes for
            which the proceeds of the Revolver Loans are authorized to be used. The Term Loan
            Commitment of each Lender shall expire on the funding by such Lender of its
            Term Loan Advance. Borrowers shall not be entitled to reborrow any amounts repaid
            with respect to the Term Loan Advances. All Term Loan Advances shall bear interest
            as set forth in Section 3.1, shall initially be Base Rate Loans and shall
            be repaid as provided in Section 5.3. Each Lender shall make
            its Term Loan Advance available to Agent in

            
             

            
            -9-

            
             

            

            

            

            

             

            
            immediately available funds, to such account of Agent as Agent may
            designate, not later than 12:00 noon on the Second Amendment Date. After Agent’s
            receipt of the proceeds of such Term Loan Advance, and upon satisfaction of the
            conditions precedent set forth in Section 11, Agent shall make the proceeds
            of all such Term Loan Advances available to Borrowers on the Second Amendment Date by
            transferring same day funds equal to the proceeds of such Term Loan Advances
            received by Agent to an account designated by Borrowers in writing.

            
            2.2.2      Term
            Notes. Borrowers shall execute and deliver to Agent on behalf
            of each Lender, on the Second Amendment Date, a promissory note substantially in the
            form of Exhibit A-3 attached hereto
            and made a part hereof (such promissory note, together with any new notes issued
            pursuant to Section 14.3.2 upon
            the assignment of any portion of any Lender’s Term Loan Advance, being
            hereinafter referred to collectively as the “Term Notes” and each of such
            promissory notes being hereinafter referred to individually as
            a ”Term Note”), to evidence such Lender’s Term Loan Advance
            to Borrowers, in the original principal amount equal to the amount of such
            Lender’s Term Loan Commitment. Each Term Note shall be dated the Second
            Amendment Date (or the date of the applicable Assignment and Acceptance) and shall
            provide for payment of the Term Loan Advance evidenced thereby as specified
            inSection 5.3.

            
            (e)        By deleting Section
            3.1 of the Credit Agreement and by substituting in lieu thereof the
            following:

            
             

            	
                        
                        3.1

                    	
                        
                        Interest.

                    

            
            3.1.1       Rates
            of Interest. Borrowers agree to jointly and severally pay
            interest in respect of all unpaid principal amounts of the Revolver Loans from the
            respective dates such principal amounts are advanced until paid (whether at stated
            maturity, on acceleration or otherwise) at a rate per annum equal to the applicable
            rate indicated below:

             

            
            (i)         for Revolver
            Loans made or outstanding as Base Rate Loans, the Applicable Margin
            plus the Alternate Base Rate in effect from
            time to time; or

             

            
            (ii)        for Revolver Loans
            made or outstanding as Euro-Dollar Loans, the Applicable Margin
            plus the relevant Adjusted London Interbank
            Offered Rate for the applicable Interest Period selected by each Borrower in conformity
            with this Agreement.

            
             

            
            Borrowers agree to jointly and severally pay interest in respect of all
            unpaid principal amounts outstanding with respect to Term Loan Advances from the
            respective dates such principal amounts are advanced until paid (whether at stated
            maturity, on acceleration, or otherwise) at a rate per annum equal to the applicable
            rate indicated below:

             

            
            -10-

             

            

            

            

            

             

             

            
            (i)         for any portion
            of the Term Loan Advances made or outstanding as Base Rate Loans, 0.50%
            plus the Alternate Base Rate in effect from
            time to time; or

             

            
            (ii)         
            for any portion of the Term Loan Advances made or outstanding as
            Euro-Dollar Loans, 2.00% plus the
            relevant Adjusted London Interbank Offered Rate for the applicable Interest Period
            selected by Borrowers in conformity with this Agreement.

            
            Upon determining the Adjusted London Interbank Offered Rate for any
            Interest Period requested by Borrowers, Agent shall promptly notify Borrowers thereof
            by telephone and, if so requested by Borrowers, confirmed in writing. Such
            determination shall, absent manifest error, be final, conclusive and binding on all
            parties and for all purposes. The applicable rate of interest for all Loans bearing
            interest based upon the Alternate Base Rate shall be increased or decreased, as the
            case may be, by an amount equal to any increase or decrease in the Alternate Base Rate,
            with such adjustments to be effective as of the opening of business on the day that any
            such change in the Alternate Base Rate becomes effective. Interest on each Loan shall
            accrue from and including the date on which such Loan is made, converted to a Loan of
            another Type or continued as a Euro-Dollar Loan to (but excluding) the date of
            any repayment thereof;
            provided,
            however, that, if a Loan is repaid on the
            same day made, one day’s interest shall be paid on such Revolver Loan. The
            Alternate Base Rate on the Closing Date was 7.50% per annum and, therefore, the rate of
            interest in effect hereunder on the Closing Date, expressed in simple interest terms,
            was 8.00% per annum with respect to any portion of the Revolver Loans bearing interest
            as a Base Rate Loan. The Alternate Base Rate on the Second Amendment Date is 7.25% per
            annum and, therefore, the rate of interest in effect hereunder on the date hereof,
            expressed in simple interest terms, is 6.75% per annum with respect to any portion
            of the Revolver Loans bearing interest as a Base Rate Loan and is 7.75% per annum
            with respect to any portion of the Term Loan Advances bearing interest as
            a Base Rate Loan.

             

            
            (f)         By deleting
            Sections 5.3 and 5.4 of the Credit Agreement and by substituting in lieu thereof the
            following:

            
             

            	
                        
                        5.3

                    	
                        
                        Repayment of Term Loan Advances.

                    

            
            5.3.1     Payment of Principal. The
            principal amount of each Term Note shall be paid in consecutive monthly installments,
            the first twenty-six of which shall be in an amount equal to the Lender’s Pro
            Rata share of $520,800 per installment and shall be payable on the first day of each
            month, commencing on May 1, 2008, and continuing on the first day of each month
            thereafter, the final installment of which shall be in an amount equal to such
            Lender’s Pro Rata share of the remaining principal balance of the Term Loan and
            shall be payable on the Commitment Termination Date. Each installment shall be paid to
            Agent for the account and Pro Rata benefit

            
             

            
            -11-

            
             

            

            

            

            

             

            
            of each Lender. Each Term Loan Advance, if not sooner paid, shall be due
            and payable in full on the Commitment Termination Date.

            
            5.3.2      Payment of Interest. Interest
            accrued on the Term Loan shall be due and payable on (i) the first day of each
            month for the immediately preceding month, computed through the last calendar day of
            the preceding month in the case of any portion of the Term Loan that is a Base Rate
            Loan, (ii) the last day of the applicable Interest Period in the case of any
            portion of such Term Loan that is a Euro-Dollar Loan, and (iii) the date of any
            prepayment of the Term Loan. Accrued interest shall also be paid by Borrowers as and
            when payable in Section 
            5.3.4 in connection with any prepayment of
            the Term Loan and (iv) the Commitment Termination Date. With respect to any Base
            Rate Loan converted into a Euro-Dollar Loan pursuant to
            Section 
            3.1.2 on a day when interest would not
            otherwise have been payable with respect to such Base Rate Loan, accrued interest to
            the date of such conversion on the amount of such Base Rate Loan so converted
            shall be paid on the conversion date.

            
            5.3.3     Mandatory Prepayments. In
            addition to Borrowers’ obligation to pay the entire amount of the Obligations
            upon the Commitment Termination Date, Borrowers shall also be required to prepay the
            Term Loan Advances (and, after payment in full thereof, the remaining Obligations then
            outstanding as provided in Section
            5.3.5), as follows:

            
            (i)               
            Borrowers shall prepay the Term Loan Advances in the amount of Net
            Disposition Proceeds from dispositions of (A) Equipment unless the amount of such Net
            Disposition Proceeds does not exceed $2,500,000, or (B) Intellectual
            Property;

            
            (ii)              
            Borrowers shall prepay the Term Loan Advances from the proceeds of
            insurance or condemnation awards paid in respect of any Equipment or Intellectual
            Propertyunless and to the extent Borrowers is authorized to use
            such proceeds pursuant to
            Section 
            8.1.2(ii); and
            provided that
            nothing herein shall be construed to authorize any disposition of
            Collateral except as expressly elsewhere authorized by this Agreement or the other
            Credit Documents.

            
            5.3.4     Optional Prepayments of Term Loan
            Advances. Borrowers may, at their option, prepay any portion of the Term Loan
            Advances consisting of Base Rate Loans in whole at any time or in part from time
            to time, in amounts aggregating $1,000,000 or any greater integral multiple of
            $100,000, by paying the principal amount to be prepaid together with interest accrued
            or unpaid thereon to the date of prepayment. Any portion of the Term Loan Advances
            consisting of Euro-Dollar Loans may be prepaid, at Borrowers’ option, at any time
            in whole or from time to time in part, in amounts aggregating $1,000,000 or any
            greater integral multiple of $100,000, together with any applicable charges pursuant to
            Section 3.10 , and interest accrued or unpaid thereon to the date of prepayment.
            Borrowers shall give written notice (or telephonic notice promptly confirmed in
            writing) to

            
             

            
            -12-

            
             

            

            

            

            

             

            
            Agent of any intended prepayment not less than 1 Business Day prior to
            any prepayment of Base Rate Loans and not less than 2 Business Days prior to any
            prepayment of Euro-Dollar Loans. Such notice, once given, shall be irrevocable and,
            upon receipt of any such notice of optional prepayment, Agent shall promptly notify
            each Lender of the contents thereof and of such Lender’s share of the prepayment
            as provided in Section 
            5.3.5.

            
            5.3.5     Application of
            Prepayments.

            
            (i)         Except as
            otherwise provided in
            Section 
            5.6, each mandatory prepayment pursuant
            to Section 
            5.3.3 shall be remitted by Borrowers to
            Agent for application (i)  first
            to accrued interest and principal due under the Term Notes, ratably,
            with amounts applied to principal installments to be applied in the inverse order of
            maturities until payment in full thereof; and (ii) 
            second, unless otherwise directed or agreed
            in writing by Agent (acting at the direction of the Required Lenders), to repay the
            principal balance of Revolver Loans outstanding (provided that any application of such
            prepayments to the Revolver Loans shall, unless otherwise agreed in writing by Agent
            (acting at the direction of the Required Lenders), automatically result in a
            corresponding permanent reduction of the Revolver Commitments). Notwithstanding the
            foregoing, if a Permitted Asset Disposition of Equipment or Intellectual Property
            includes the sale or other disposition of Accounts or Inventory then a portion of the
            Net Disposition Proceeds equal to the greater of (x) the net book value of such
            Accounts and Inventory or (y) the amount of the reduction in the Borrowing Base
            immediately after giving effect to such sale or other disposition of Accounts or
            Inventory, as the case may be, shall be promptly remitted to Agent for application to
            the Revolver Loans (with the application of any such prepayments to the Revolver Loans
            to result in a corresponding permanent reduction of the Revolver Commitments, unless
            otherwise agreed in writing by Agent (acting at the direction of the Required
            Lenders)).

            
            (ii)         Each optional
            prepayment of Term Loan Advances pursuant to
            Section 
            5.3.4 shall be remitted by Borrowers to
            Agent and distributed by Agent to Lenders to prepay installments of the Term Notes, in
            the inverse order of their maturities, until Full Payment of the Term Notes.

            
            (iii)        All distributions
            of prepayments by Agent to Lenders shall be on a Pro Rata basis. Each Lender shall
            apply the portion of a prepayment that is to be applied to principal installments first
            to outstanding Base Rate Loans and then to any outstanding Euro-Dollar Loans with the
            shortest Interest Periods remaining; but if application to any Euro-Dollar Loans would
            cause the same to be paid prior to the end of an applicable Interest Period, then, by
            prior written notice to Agent, Borrowers may elect as to such Euro-Dollar Loan to
            deliver cash to Agent in the amount of the required prepayment, to be held by Agent as
            Cash Collateral until the end of the applicable Interest

            
             

            
            -13-

            
             

            

            

            

            

             

            
            Period, at which time Agent shall disburse such Cash Collateral to the
            affected Lenders for application to such Euro-Dollar Loans.

             

            
            5.4        
            Prepayments of Revolver Loans. The
            following provisions shall govern Borrowers’ rights and obligations with respect
            to prepayment of the Revolver Loans (with the application of such prepayments to be
            governed by the provisions of Section 5.8
            hereof, as applicable):

            
             

            
            (a)        Except with respect
            to (i) sales of Inventory in the Ordinary Course of Business of Remington, (ii)
            replacements of Equipment permitted pursuant to Section
            8.4.2(ii), and (iii) sales or dispositions of Equipment or
            Intellectual Property permitted hereunder (including the proceeds of insurance or
            condemnation awards paid in respect of any Equipment or Intellectual Property),
            Borrowers shall, concurrently with the receipt by any Obligor of any Net Disposition
            Proceeds from any sale or other disposition of Collateral make or cause to be made a
            mandatory prepayment of the Revolver Loans,
            provided that
            nothing herein shall be construed to authorize any disposition of
            Collateral except as expressly elsewhere authorized by this Agreement or the other
            Credit Documents;

            
             

            
            (b)        With respect to any
            condemnation awards or proceeds of insurance of the type required by
            Section 8.1.2(i), Borrowers shall prepay
            the Revolver Loans or Term Loan, as applicable, as and to the extent required by
            Section 8.1.2(ii); and

            
             

            
            (c)        Prepayments of the
            Term Loan (whether mandatory or voluntary), and the application thereof, shall be
            governed by Sections 5.3 and
            5.8.

            
             

            
            (g)        By deleting clause
            (ii) of Section 8.1.2 of the Credit Agreement and by substituting in lieu thereof the
            following:

            
             

            
            (ii)         Any proceeds of
            insurance referred to in this Section 8.1.2 and any condemnation awards that are
            paid to Agent in connection with a condemnation of Collateral shall be paid to Agent
            and (a) in the case of proceeds or awards that relate to Inventory, applied first
            to the payment of the Revolver Loans, then to the Term Loan, and then to any other
            Obligations outstanding, and (b) in the case of proceeds or awards that relate to
            Equipment or Real Estate, applied first to the Term Loan and then to any other
            Obligations; provided that if requested by Borrowers in writing within 30
            days after Agent’s receipt of such proceeds relating to Equipment or Real Estate
            and if no Default or Event of Default exists, Borrowers may apply such proceeds to
            repair or replace the damaged or destroyed Equipment or Real Estate so long as
            (1) such repair or replacement is promptly undertaken and concluded, (2) the
            repaired or replaced Property is at all times free and clear of Liens other than
            Permitted Liens and permits Borrowers to resume productivity comparable to
            Borrowers’ productivity levels prior to the loss,

            
             

            
            -14-

            
             

            

            

            

            

             

            
            and (3) the amount of proceeds from any single casualty affecting
            Equipment or Real Estate does not exceed $2,500,000.

            
            (h)            
            By deleting Section 8.4.4 of the Credit Agreement and by substituting in
            lieu thereof the following:

            
            8.4.4           
            Appraisals. Agent reserves the right,
            exercisable from time to time hereafter in Agent’s credit judgment, to require
            each Borrower and each Guarantor to obtain, and each Borrower and each Guarantor shall
            promptly obtain, at Borrowers’ expense, appraisals or updates to existing
            appraisals reflecting then current values of the Equipment, Inventory, or Intellectual
            Property of Borrowers;
            provided,
            however, that unless a Default or Event of
            Default exists, not more than one such appraisal of Equipment annually and not more
            than two such appraisals of Inventory (not including an initial appraisal of Inventory
            acquired pursuant to any Acquisition) or Intellectual Property annually shall be
            conducted at Borrowers’ expense. Nothing herein shall be construed to prohibit
            Agent from obtaining any such appraisal, either directly or through any Agent
            Professional, and charging the cost of any such appraisal to Borrowers, subject to the
            limitations hereinabove set forth.

            
            (i)             
            By adding the following sentence to Section 10.2.13 of the Credit
            Agreement immediately following the definition of “Permitted Acquisition”
            therein:

            
            Notwithstanding anything to the contrary set forth above, the 2007
            Permitted Acquisition  shall constitute a “Permitted Acquisition”
            hereunder.

            
             

            
            (j)             
            By deleting Section 11.2.4 of the Credit Agreement in its entirety and
            by substituting in lieu thereof the following:

            
            11.2.4
                    No
            Material Adverse Effect. No event shall have occurred and no
            condition shall exist that has or may be reasonably likely to have a Material Adverse
            Effect; provided, that, to the extent that Revolver Loans are requested by Borrowers in
            accordance with the terms of this Agreement in order to finance the 2007 Permitted
            Acquisition, if any, (i) this condition shall be deemed satisfied, and (ii) the
            representation and warranty set forth in the last sentence of Section 9.1.9 that there
            has been no material adverse change (which representation and warranty would be
            reaffirmed in connection with such Revolver Loans) shall not be deemed breached, in
            each case with respect to such Revolver Loans (and only with respect to such Revolver
            Loans) unless a Material Adverse Effect occurs or exists that would otherwise
            constitute or result in an Event of Default under this Agreement.

            
             

            
            (k)          By
            deleting the references to “Revolver Loan” and “Revolver Loans”
            contained in Section 1.1 of the Credit Agreement in the definitions of “Base Rate
            Loan”, “Borrowing”, “Default Rate”, “Euro-Dollar
            Loan”, “Extraordinary Expenses”, “Funding Account”,
            “Obligations”, “Required Lenders”, “Supermajority
            Lenders”, and “Type”, and in Sections 1.4, 3.1.2, 3.1.3, 3.1.4, 3.5,
            3.8, 4.2, 4.4, 4.5 (including the section heading thereof),
            5.1,5.7.1(x), 5.9 (including the section heading
            thereof),5.12, 6.1, 6.2.2, 6.2.3, 8.2.5, 9.1.11,

            
             

            
            -15-

            
             

            

            

            

            

             

            
            9.1.20, 10.2.3(v), 11.1, 11.2, 11.3, 12.1.1, 12.2.1, 12.4, 12.5.2,
            13.2.2, 13.4, 13.6.3, 13.7, 13.9.1, 13.10, 13.14, 13.16, 13.17, 14.2.2, 14.3.1, and
            15.16 of the Credit Agreement, and in Exhibit C
            to the Credit Agreement, and by substituting in lieu thereof
            respectively references to “Loan” and “Loans”.

            
             

            
            (l)         By deleting the
            references to “Revolver Commitment” and “Revolver Commitments”
            contained in Section 1.1 of the Credit Agreement in the definitions of “Required
            Lenders” and “Supermajority Lenders”, and in Sections 2.3.4, 3.2,
            4.2, 5.6, 6.1 (including the section heading thereof), 6.2, 9.1, 10.1, 10.2, 10.3,
            10.4, 12.2 (including the section heading thereof), 13.2.1, 13.4, 13.9.1, 13.13, 13.17,
            14.2, 14.3.1, 14.3.2, 15.3, and 15.18 of the Credit Agreement, and by substituting in
            lieu thereof respectively references to “Commitment” and
            “Commitments”.

            
             

            
            (m)       By deleting the reference
            to “Revolver Notes” contained in Section 11.1.1 of the Credit Agreement,
            and by substituting in lieu thereof a reference to “Notes”.

            
             

            
            (n)        By deleting each
            Lender’s Revolver Commitment set forth on the signature pages to the Credit
            Agreement, and by substituting in lieu thereof the Revolver Commitments and Term Loan
            Commitments set forth on the signature pages to this Amendment.

            
             

            
            (o)        By adding to the
            Credit Agreement as Exhibit A-3
            thereto the Exhibit A-3
            attached to this Amendment.

             

            
            (p)        By deleting
            Exhibit A-1,
            Exhibit A-2,
            Exhibit B, Exhibit
            C, Exhibit
            D, Exhibit
            E, Exhibit G
            and Exhibit H to the
            Credit Agreement in their entireties and by substituting in lieu thereof,
            respectively, Exhibit A-1,
            Exhibit A-2,
            Exhibit B, Exhibit
            C, Exhibit
            D, Exhibit
            E, Exhibit G
            and Exhibit H
            attached to this Amendment.

            
             

            
            5.         
            Ratification and
            Reaffirmation. Each Borrower
            hereby ratifies and reaffirms the Obligations, each of the Credit Documents and all of
            such Borrower’s covenants, duties, indebtedness and liabilities under the Credit
            Documents.

             

            
            6.         
            Acknowledgments and Stipulations.
            Each Borrower acknowledges and stipulates that the Credit Agreement and
            the other Credit Documents executed by such Borrower are legal, valid and binding
            obligations of such Borrower that are enforceable against such Borrower in accordance
            with the terms thereof, except as the enforceability thereof may be limited by laws
            relating to Insolvency Proceedings or other similar laws of general application
            affecting the enforcement of creditors’ rights generally or by general equitable
            principles; all of the Obligations are owing and payable without defense, offset or
            counterclaim (and to the extent there exists any such defense, offset or counterclaim
            on the date hereof, the same is hereby waived by each Borrower); the Liens granted by
            such Borrower in favor of Agent are first priority Liens, subject only to those
            Permitted Liens which are expressly permitted by the terms of the Credit Documents to
            have priority over the Liens of Agent; and, as of the close of business on November 2,
            2007, the unpaid principal amount of the Revolver Loans totaled $17,000,000, and the
            face amount of outstanding Letters of Credit totaled $4,426,000.

            
            7.         
            Representations and
            Warranties. Each Borrower
            represents and warrants to Agent and Lenders, to induce Agent and Lenders to enter into
            this Amendment, that (i) Brands is a wholly-

             

            
            -16-

             

            

            

            

            

             

            
            owned Subsidiary of Remington and is engaged in substantially the same
            business as Remington and operates with Remington in a joint and common enterprise;
            (ii) the Schedules attached to this Amendment contain true, accurate and complete
            information with respect to Brands and the matters represented and warranted by Brands
            pursuant to Section 9 of the Credit Agreement and such Schedules shall be deemed to
            supplement and be a part of the Schedules to the Credit Agreement; (iii) no Default or
            Event of Default exists on the date hereof; (iv) the execution, delivery and
            performance of this Amendment have been duly authorized by all requisite corporate
            action on the part of such Borrower and this Amendment has been duly executed and
            delivered by such Borrower; and (v) all of the representations and warranties made by
            such Borrower in the Credit Agreement are true and correct in all material respects on
            and as of the date hereof after giving effect to this Amendment (except where such
            representations and warranties expressly relate to an earlier date in which case such
            representations and warranties were true and correct in all material respects as of
            such earlier date).

            
            8.         
            Conditions Precedent.
            The effectiveness of the amendments contained in Section 4 hereof
            is subject to the satisfaction of each of the following conditions precedent, in form
            and substance satisfactory to Agent, on or before November 13, 2007:

            
            (i)         
            No Default or Event of Default. No Default
            or Event of Default shall have occurred or exist on the date hereof and no default or
            event of default shall have occurred or exist on any other material Debt or Material
            Contract of Remington or Brands.

            
            (ii)         
            Amendment; Notes. Agent shall have received
            (i) a counterpart of this Amendment for each Lender duly executed and delivered by
            a duly authorized officer of the each of the parties hereto, and (ii) for the
            account of each of the Lenders, the Revolver Notes, the Term Notes and the Settlement
            Note, in each case conforming to the requirements of the Credit Agreement and executed
            by a duly authorized officer of each Borrower.

            
            (iii)        
            Security Documents. Agent shall have
            received counterparts of such Security Documents (including, without limitation,
            any security agreements, pledge agreements or supplements) as may be required by Agent,
            and executed by a duly authorized officer of each Borrower, pursuant to which each
            Borrower shall grant or re-grant, as applicable, a security interest in all or
            substantially all of its assets to secure the Obligations of such Borrower under the
            Credit Agreement, as amended by this Amendment.

            
            (vi)        
            Availability. Agent shall have determined,
            and Lenders shall be satisfied, that, after giving effect to all transactions to be
            concluded on the Second Amendment Date, Availability is not less than
            $27,500,000.

            
            (v)        
            Evidence of Perfection and Priority of
            Liens. Agent shall have received confirmation that all UCC-1
            financing statements and other Security Documents required to be filed or recorded to
            perfect the Liens of Agent in Collateral (excluding only Intellectual Property which is
            registered in countries other than the United States) have been filed and evidence in
            form satisfactory to Agent and Lenders that such Liens will constitute valid and
            perfected security interests and Liens, and that there are no other Liens upon
            Collateral except for Permitted Liens.

             

            
            -17-

             

            

            

            

            

             

             

            
            (vi)        
            Organization Documents. Agent shall have
            received a copy of the Organization Documents of each Borrower, and all amendments
            thereto, certified by the Secretary of State or other appropriate officials of the
            jurisdiction of each Borrower’s state of organization.

            
            (vii)       
            Good Standing Certificates. Agent shall
            have received good standing certificates for each Borrower, issued by the Secretary of
            State or other Governmental Authority of such Borrower’s jurisdiction of
            organization.

            
            (viii)      
            Insurance. Agent shall have received
            certified copies of the casualty insurance policies of each Borrower with respect to
            Collateral and business interruption insurance policies, together with loss payable
            endorsements on Agent’s standard form of loss payee endorsement naming Agent as
            loss payee with respect to each such policy and certified copies of each
            Borrower’s liability insurance policies, including product liability policies,
            together with endorsements naming Agent as an additional insured, all as required by
            the Credit Documents.

            
            (ix)        
            No Material Adverse Change. No material
            adverse change in the business, Properties, results of operations or financial
            condition of Borrowers and Guarantors and their respective Subsidiaries, taken as a
            whole, shall have occurred since May 31, 2007, and no material adverse change
            shall have occurred, in the quality, quantity or value of Collateral shall have
            occurred since May 31, 2007.

            
            (x)        
            Fees. Agent shall have received on the date
            hereof in immediately available funds (i) the arrangement fee set forth in the letter
            agreement among Agent, Wachovia Capital Markets, LLC and Borrower dated the Second
            Amendment Date, and (ii) for the Pro Rata benefit of Lenders, in immediately available
            funds on the date hereof, an amendment fee in the amount of $180,000.

            
            (xi)        
            Non-Violation of New Senior Notes Indenture; Legal
            Opinions. Agent shall have received and reviewed an opinion
            letter from Borrowers’ and Guarantors’ counsel that the Credit Agreement,
            as amended by this Amendment, does not violate the New Senior Notes Indenture, and a
            certificate from one or more officers of Borrowers to that effect.

            
            (xii)       
            Other Agreements. Agent shall have received
            each additional document or instrument reasonably requested by the Required Lenders,
            duly executed by each of the parties thereto.

            
            (xiii)       No
            Litigation. No action, proceeding, investigation, regulation
            or legislation shall have been instituted, threatened or proposed before any court,
            governmental agency or legislative body to enjoin, restrain or prohibit, or to obtain
            damages in respect of, or which is related to or arises out of, this Amendment, the
            Credit Agreement or any of the other Credit Documents or the consummation of the
            transactions contemplated hereby or thereby.

             

            
            -18-

             

            

            

            

            

             

             

            
            (xiv) Borrowing Base
            Certificate. Agent shall have received the most recent
            Borrowing Base Certificate required by the terms of the Credit Agreement or otherwise
            requested by Agent pursuant to the terms hereto.

            
            9.          
            Conditions to the Assets Acquired Pursuant to 2007 Permitted
            Acquisition Constituting Eligible Accounts or Eligible
            Inventory. In no event shall any Accounts or Inventory
            acquired pursuant to the 2007 Permitted Acquisition, if any, constitute Eligible
            Accounts or Eligible Inventory under the Credit Agreement unless and until (i) the
            Target Company has been joined to the Credit Agreement and other Credit Documents as a
            Borrower, (ii) the Acquisition Field Exams have been completed, in form and with
            results satisfactory to Agent in all respects, and (iii) all other conditions or
            criteria for such Accounts or Inventory to constitute Eligible Accounts or Eligible
            Inventory set forth in the Credit Agreement and other Credit Documents have been
            satisfied or met.Borrowers acknowledge that, if any Inventory of
            the Target Company may constitute Eligible Inventory hereafter, Agent, in its
            discretion, has elected to impose a LIFO reserve with respect to such Inventory. Such
            LIFO reserve shall be in an amount equal to the difference between the amount at which
            the Inventory of the Target Company is carried on its balance sheet under the
            last-in-first-out method of inventory accounting and the amount at which such Inventory
            would be so carried based upon the first-in-first-out method of inventory accounting,
            all determined in accordance with GAAP.

            
            10.        
            Additional Covenants.
            To induce Agent and Lenders to enter into this Amendment, Borrowers
            covenant and agree as follows: (i) simultaneously with the execution and delivery of
            this Amendment, Borrowers shall execute and deliver amendments to each of the
            Mortgages, in form and substance satisfactory to Agent; (ii) within sixty (60) days
            after the Second Amendment Date, Borrowers shall cause the mortgage amendments
            described in the foregoing clause (i) to be recorded in the appropriate real estate
            records and Borrowers shall deliver to Agent endorsements or commitments for
            endorsements to the existing mortgagee title insurance policies insuring the Liens of
            the Mortgages, which shall be in form and substance satisfactory to Agent and
            which shall give effect to such mortgage amendments; and (iii) simultaneously with the
            recording of the mortgage amendments described in clause (i), Borrowers shall pay or
            shall reimburse Agent for the payment of all applicable documentary stamp, intangibles,
            recording, note or other similar taxes payable with respect to such mortgage
            amendments.

            
            11.        
            Reference to Credit
            Agreement. Upon the
            effectiveness of this Amendment, each reference in the Credit Agreement to “this
            Agreement,” “hereunder,” or words of like import shall mean and be a
            reference to the Credit Agreement, as amended by this Amendment.

            
            12.        
            Breach of Amendment.
            This Amendment shall be part of the Credit Agreement and a breach of any
            representation, warranty or covenant herein shall constitute an Event of
            Default.

            
            13.        
            Expenses of Agent and Lenders.
            Borrower agrees to pay, on demand,
            all reasonable costs and expenses incurred by Agent and Lenders in connection with the
            preparation, negotiation and execution of this Amendment and any other Credit Documents
            executed pursuant hereto, including, without limitation, the reasonable costs and fees
            of Agent’s and Lenders’ legal counsel.

            
            14.        
            Effectiveness; Governing
            Law. This Amendment shall be
            effective upon execution and delivery by Borrower and acceptance by Agent and the
            Lenders (notice of which acceptance is hereby waived), whereupon the same shall be
            governed by and construed in accordance with the

             

            
            -19-

             

            

            

            

            

             

            
            internal laws of the State of New York (without giving effect to the
            conflict of laws principles thereof, other than Section 5-1401 of the New York General
            Obligations Law).

            
            15.        
            Successors and
            Assigns. This Amendment
            shall be binding upon and inure to the benefit of the parties hereto and their
            respective successors and assigns.

            
            16.        
            No Novation, etc. Except as
            otherwise expressly provided in this Amendment, nothing herein shall be deemed to amend
            or modify any provision of the Credit Agreement or any of the other Credit Documents,
            each of which shall remain in full force and effect. This Amendment is not intended to
            be, nor shall it be construed to create, a novation or accord and satisfaction, and the
            Credit Agreement as herein modified shall continue in full force and effect.

            
            17.        
            Counterparts; Telecopied Signatures.
            This Amendment may be executed in any number of counterparts and by different parties
            to this Amendment on separate counterparts, each of which, when so executed, shall be
            deemed an original, but all such counterparts shall constitute one and the same
            agreement. Any signature delivered by a party by facsimile transmission or by portable
            document format by electronic mail shall be deemed to be an original signature
            hereto.

            
            18.        
            Further Assurances. Borrower agrees
            to take such further actions as Agent shall reasonably request from time to time in
            connection herewith to evidence or give effect to the amendments set forth herein or
            any of the transactions contemplated hereby.

            
            19.        
            Section Titles. Section titles and
            references used in this Amendment shall be without substantive meaning or content of
            any kind whatsoever and are not a part of the agreements among the parties
            hereto.

            
            20.        
            Release of Claims.
            To induce Agent and Lenders to enter into this Amendment, Borrower
            hereby releases, acquits and forever discharges Agent and Lenders, and all officers,
            directors, agents, employees, successors and assigns of Agent and Lenders, from any and
            all liabilities, claims, demands, actions or causes of action of any kind or nature (if
            there be any), whether absolute or contingent, disputed or undisputed, at law or in
            equity, that are known to Borrower as of the date of this Amendment, or that Borrower
            should have reasonably known, arising under or in connection with any of the Credit
            Documents. Borrower represents and warrants to Lender that Borrower has not transferred
            or assigned to any Person any claim that Borrower ever had or claimed to have against
            Agent or any Lender.

            
            21.        
            Waiver of Jury Trial. To the
            fullest extent permitted by applicable law, the parties hereto each hereby waives the
            right to trial by jury in any action, suit, counterclaim or proceeding arising out of
            or related to this Amendment.

            
             

            
            [Signatures begin on next page]

             

            
            -20-

             

            

            

            

            

             

             

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

            
            EXISTING BORROWER:

            
             

            
            REMINGTON ARMS COMPANY , INC.

             

            	
                        
                        By:
                                  /s/ Stephen
                        P. Jackson, Jr.      

                         Name:     Stephen P.
                        Jackson, Jr.
                                    

                         Title:       CFO, Treasurer,
                        Secretary       
                         

                    

            
             

            
            Address:

            
            870 Remington Drive

            
            Madison, North Carolina 27025

            
            Attention: President

            
            Telecopier No.: (336) 548-7801

            
             

            
            NEW BORROWERS:

            
             

            
            RA BRANDS, L.L.C.

             

            	
                        
                        By:
                                  /s/ Stephen
                        P. Jackson, Jr.      

                         Name:     Stephen P.
                        Jackson, Jr.
                                    

                         Title:
                              V.P.                                               
                         

                    

            
             

            
            Address:

            
            870 Remington Drive

            
            Madison, North Carolina 27025

            
            Attention: President

            
            Telecopier No.: (336) 548-7801

            
             

            
             

             

            

             

            
            -21-

             

            

            

            

            

             

             

            
            AGENT:

             

            
            WACHOVIA BANK, NATIONAL

            
            ASSOCIATION, as Agent

             

            	
                        
                        By:
                                  
                        /s/ Bruce
                        Rhodes                        

                         Name:      Bruce
                        Rhodes                            

                         Title:
                              Director                                          
                         

                    

             

            
            Address:

            
            301 South College Street

            
            Charlotte, North Carolina 28288

            
            Attention: Bruce Rhodes

            	
                        
                        Telecopier No.: (704) 374-2703

                    

             

             

            	
                        
                        LENDERS:

                    

             

            
            WACHOVIA BANK, NATIONAL

            
            ASSOCIATION

             

             

            	
                        
                        By:
                                  
                        /s/ Bruce
                        Rhodes                        

                         Name:      Bruce
                        Rhodes                            

                         Title:
                              Director                                          
                         

                    

            	
                        
                        Revolver Commitment: $65,444,445.00

                    	
                        
                         

                    
	
                        
                        Term Loan Commitment: $10,555,555.00

                    	
                        
                         

                    
	
                    	
                    	
                    

             

            
            Address:

            
             

            
            301 South College Street

            
            Charlotte, North Carolina 28288

            
            Attention: ____________________

            
            Telecopier No.: (704) 374-2703

            
             

            
            LIBOR Lending Office:

            
            301South College Street

            
            Charlotte, North Carolina 28288

            
            Attention: _____________________

            
            Telecopier No.: (704) 374-2703

             

             

            

             

            
            -22-

             

            

            

            

            

             

             

            	
                        
                        BANK OF AMERICA, N.A.

                    

             

             

            	
                        
                        Revolver Commitment: $55,111,111.00

                        Term Loan Commitment: $8,888,889.00

                    	
                        
                        By:      /s/ Lawrence P.
                        Garni                 

                         Name:   Lawrence P.
                        Garni                     
                        

                        Title:       Sr. Vice
                        President                    

                        
                         

                    
	
                    	
                    	
                    	
                    	
                    

             

            
            Address:

            
             

            
            335 Madison Avenue, 6th
            Floor

            
            New York, New York 10017

            
            Attention: Lawrence P. Garni

            
            Telecopier No.: (212) 503-7340

             

            
            LIBOR Lending Office:

             

            
            Bank of America, N.A.

            
            20975 Swenson Drive, Suite 200

            
            Waukesha, Wisconsin 53186

            
            Attention: Karla Brown

            
            Telecopier No.: (262) 798-4883

             

             

             

            

             

            
            -23-

             

            

            

            

            

             

             

            
            NATIONAL CITY BUSINESS

            
            CREDIT, INC.

             

             

            	
                        
                        Revolver Commitment: $34,444,444.00

                        Term Loan Commitment: $5,555,556.00

                        

                    	
                        
                        By:         /s/
                        Tom
                        Buda                          

                         Name:     Tom
                        Buda                              

                         Title:
                              Vice
                        President                       

                        
                         

                    
	
                    	
                    	
                    	
                    	
                    

             

            
            Address:

            	
                        
                        1965 East Sixth Street,
                        4TH Floor

                    

            
            Locator 01-3049

            
            Cleveland, Ohio 44114

            
            Attention: Tom Buda

            
            Telecopier No.: (216) 222-9555

            
             

            
            LIBOR Lending Office:

            	
                        
                        1965 East Sixth Street,
                        4TH Floor

                    

            
            Locator 01-3049

            
            Cleveland, Ohio 44114

            
            Attention: Montreal Phillips

            
            Telecopier No.: (216) 222-9555

            
             

             

            
            -24-

             

            

            

            

            

             

             

            
            CONSENT AND REAFFIRMATION

            
            (PLEDGOR)

             

            
            The undersigned pledgor of the Equity Interests of Borrowers securing
            the Obligations at any time owing to Agent and Lenders hereby (i) acknowledges receipt
            of a copy of the foregoing Joinder Agreement, Second Amendment and Supplement to
            Amended and Restated Credit Agreement; (ii) consents to Borrowers’ execution and
            delivery thereof; and (iii) affirms that nothing contained therein shall modify in any
            respect whatsoever its pledge securing the Obligations and reaffirms that such pledge
            is and shall remain in full force and effect.

            
            IN WITNESS WHEREOF, the undersigned has executed this Consent and
            Reaffirmation as of the date of such Second Amendment to Amended and Restated Credit
            Agreement.

            
             

            
            RACI HOLDING, INC.

            	By:   /s/
                    Stephen P. Jackson,
                    Jr.                                  
                    
	
                        
                        Name:
                             Stephen P. Jackson,
                        Jr.                                

                    
	
                               Title:
                             CFO,
                    Treasurer,
                    Secretary              
                    

             

            

            

            

            

             

            
            EXHIBIT A-1

             

            
            FORM OF SECOND AMENDED AND RESTATED REVOLVER NOTE

             

            	
                        
                        U.S. $__________.__

                    	
                        
                        ______________, 20__

                    

            
            FOR VALUE RECEIVED, the undersigned, REMINGTON
            ARMS COMPANY, INC., a Delaware corporation, and
            RA BRANDS, L.L.C., a Delaware limited
            liability company (individually, a “Borrower” and collectively, the
            “Borrowers”), hereby unconditionally, and jointly and severally, promise to
            pay to the order of (herein, together with any subsequent holder
            hereof, called the “Holder”) the principal sum of $_______________ or such
            lesser sum as may constitute Holder’s Pro Rata share of the outstanding principal
            amount of all Revolver Loans pursuant to the terms of the Credit Agreement (as defined
            below) on the date on which such outstanding principal amounts become due and payable
            pursuant to Section 5.2 of the
            Credit Agreement, in strict accordance with the terms thereof. Borrowers likewise
            unconditionally, and jointly and severally, promise to pay to Holder interest from and
            after the date hereof on Lender’s Pro Rata share of the outstanding principal
            amount of Revolver Loans at such interest rates, payable at such times, and computed in
            such manner as are specified in
            Section 
            3.1 of the Credit Agreement, in strict
            accordance with the terms thereof.

            
            This Second Amended and Restated Revolver Note (“Note”) is
            issued pursuant to, and is one of the “Revolver Notes” referred to in, the
            Amended and Restated Credit Agreement dated March 15, 2006 (as the same may be amended
            from time to time, the “Credit Agreement”), among Borrowers, the financial
            institutions from time to time parties thereto as lenders (“Lenders”),
            Wachovia Bank, National Association, as Administrative and Collateral Agent for Lenders
            (in such capacity, “Agent”), Bank of America, N.A. as Syndication Agent,
            and National City Business Credit, Inc. as Documentation Agent, and Holder is and shall
            be entitled to all benefits thereof and of all Credit Documents executed and delivered
            in connection therewith. All capitalized terms used herein, unless otherwise defined
            herein, shall have the meanings ascribed to such terms in the Credit
            Agreement.

            
            The repayment of the principal balance of this Note shall be made in the
            manner and to the extent stated in
            Section 
            5.2 of the Credit Agreement. The entire
            unpaid principal balance and all accrued interest on this Note shall be due and payable
            immediately upon the Commitment Termination Date.

            
            All payments of principal and interest shall be made in U.S. Dollars in
            immediately available funds as specified in the Credit Agreement.

            
            Upon or after the occurrence of an Event of Default and for so long as
            such Event of Default exists, the principal balance and all accrued interest of this
            Note may be declared due and payable in the manner and with the effect provided in the
            Credit Agreement, and the unpaid principal balance hereof shall bear interest at the
            Default Rate as and when provided in
            Section 
            3.1.5 of the Credit Agreement. Borrowers
            agree to pay, and save Holder harmless against any liability for the payment of, all
            costs and expenses, including, but not limited to, reasonable attorneys’ fees, if
            this Note is collected by or through an attorney-at-law.

            
            All principal amounts of Revolver Loans made by Holder to Borrowers
            pursuant to the Credit Agreement, and all accrued and unpaid interest thereon, shall be
            deemed outstanding under this Note and shall continue to be owing by Borrowers until
            paid in accordance with the terms of this Note and the Credit Agreement.

             

            

            

            

            

             

            
            In no contingency or event whatsoever, whether by reason of advancement
            of the proceeds hereof or otherwise, shall the amount paid or agreed to be paid to
            Holder for the use, forbearance or detention of money advanced hereunder exceed the
            highest lawful rate permissible under any law which a court of competent jurisdiction
            may deem applicable hereto; and, in the event of any such payment inadvertently paid by
            a Borrower or inadvertently received by Holder, such excess sum shall be, at such
            Borrower’s option, returned to such Borrower forthwith or credited as a payment
            of principal, but shall not be applied to the payment of interest. It is the intent
            hereof that Borrowers not pay or contract to pay, and that Holder not receive or
            contract to receive, directly or indirectly in any manner whatsoever, interest in
            excess of that which may be paid by Borrowers under Applicable Law.

            
            Time is of the essence of this Note. To the fullest extent permitted by
            Applicable Law, each Borrower, for itself and its legal representatives, successors and
            assigns, expressly waives presentment, demand, protest, notice of dishonor, notice of
            non-payment, notice of maturity, notice of protest, presentment for the purpose of
            accelerating maturity, diligence in collection, and the benefit of any exemption or
            insolvency laws.

            
            Wherever possible each provision of this Note shall be interpreted in
            such a manner as to be effective and valid under Applicable Law, but if any provision
            of this Note shall be prohibited 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 remaining provisions of this Note. No delay or failure
            on the part of Holder in the exercise of any right or remedy hereunder shall operate as
            a waiver thereof, nor as an acquiescence in any default, nor shall any single or
            partial exercise by Holder of any right or remedy preclude any other right or remedy.
            Agent may, at its option, enforce its rights against any Collateral securing this Note
            without enforcing its rights against any Borrower, any guarantor of the indebtedness
            evidenced hereby or any other property or indebtedness due or to become due to any
            Borrower. Each Borrower agrees that, without releasing or impairing Borrowers’
            liability hereunder, Agent or any Holder may at any time release, surrender, substitute
            or exchange any Collateral securing this Note and may at any time release any party
            primarily or secondarily liable for the indebtedness evidenced by this Note.

            
            The rights of Holder and obligations of Borrowers hereunder shall be
            construed in accordance with and governed by the laws (without giving effect to the
            conflict of law principles thereof other than Section 5-1401 of the New York
            General Obligations Law) of the State of New York.

            
            This Note amends and restates that certain Amended and Restated Revolver
            Note dated March 15, 2006, made by Remington Arms Company, Inc. and RA Factors, Inc. to
            the order of _____________________________________ in the original maximum principal
            amount of $____________ (the “Prior Note”), but does not otherwise
            supersede, discharge or satisfy any of Borrowers’ obligations under the Prior
            Note and nothing herein shall constitute a novation or an accord and satisfaction with
            respect to the Prior Note or any of the other Obligations.

            

             

            
            -2-

             

            

            

            

            

             

             

            
            IN WITNESS WHEREOF, each Borrower has caused this Note to be executed
            and delivered by its duly authorized officer on the date first above
            written.

            
             

            
            REMINGTON ARMS COMPANY, INC.

             

            	
                        
                        By:______________________________________

                    

             

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

            
            RA BRANDS, L.L.C.

             

            	
                        
                        By:______________________________________

                    

             

             

            	
                        
                        Title:___________________________________

                    

            
             

             

             

            
            -3-

             

            

            

            

            

             

             

            
            EXHIBIT A-2

             

            	
                        
                        FORM OF THIRD AMENDED AND RESTATED SETTLEMENT
                        NOTE

                    

             

            	
                        
                         

                    	
                        
                        ________, ______

                    
	
                        
                        U.S. $10,000,000.00

                    	
                        
                        New York, New York

                    
	
                    	
                    	
                    

             

            
            FOR VALUE RECEIVED, the undersigned, REMINGTON
            ARMS COMPANY, INC., a Delaware corporation, and
            RA BRANDS, L.L.C., a Delaware limited
            liability company (individually, a “Borrower” and collectively, the
            “Borrowers”), hereby unconditionally, and jointly and severally, promise to
            pay to the order of WACHOVIA BANK, NATIONAL
            ASSOCIATION (herein, together with any subsequent holder
            hereof, called “Wachovia”) the principal sum of $10,000,000 or such lesser
            sum as may constitute the outstanding principal amount of all Settlement Loans pursuant
            to the terms of the Credit Agreement (as defined below) on the date on which such
            outstanding principal amounts become due and payable pursuant to the Credit Agreement,
            in strict accordance with the terms thereof. Borrowers likewise unconditionally, and
            jointly and severally, promise to pay to Wachovia interest from and after the date
            hereof on the outstanding principal amount of Settlement Loans at such interest rates,
            payable at such times, and computed in such manner as are specified in
            Section 
            3.1 of the Credit Agreement, in strict
            accordance with the terms thereof.

            
            This Third Amended and Restated Settlement Note (“Note”) is
            issued pursuant to, and is the “Settlement Note” referred to in, the
            Amended and Restated Credit Agreement dated March 15, 2006 (as the same may be amended,
            restated, modified or supplemented, from time to time, the “Credit
            Agreement”), among Borrowers, the financial institutions from time to time
            parties thereto as lenders (“Lenders”), Wachovia Bank, National
            Association, as Administrative and Collateral Agent for Lenders (in such capacity,
            “Agent”), Bank of America, N.A. as Syndication Agent, and National City
            Business Credit, Inc. as Documentation Agent, and Wachovia is and shall be entitled to
            all benefits thereof and of all Credit Documents executed and delivered in connection
            therewith. All capitalized terms used herein, unless otherwise defined herein, shall
            have the meanings ascribed to such terms in the Credit Agreement.

            
            The repayment of the principal balance of this Note shall be made in the
            manner and to the extent stated in
            Section 
            5.2 of the Credit Agreement. The entire
            unpaid principal balance and all accrued interest on this Note shall be due and payable
            immediately upon the Commitment Termination Date.

            
            All payments of principal and interest shall be made in U.S. Dollars in
            immediately available funds as specified in the Credit Agreement.

            
            Upon or after the occurrence of an Event of Default and for so long as
            such Event of Default exists, the principal balance and all accrued interest of this
            Note may be declared due and payable in the manner and with the effect provided in the
            Credit Agreement, and the unpaid principal balance hereof shall bear interest at the
            Default Rate as and when provided in
            Section 
            3.1.5 of the Credit Agreement. Borrowers
            agree to pay, and save Wachovia harmless against any liability for the payment of, all
            costs and expenses, including, but not limited to, reasonable attorneys’ fees, if
            this Note is collected by or through an attorney-at-law.

            
            All principal amounts of Settlement Loans made by Wachovia to Borrowers
            pursuant to the Credit Agreement, and all accrued and unpaid interest thereon, shall be
            deemed outstanding under

             

            

            

             

            

            

            

            

             

            
            this Note and shall continue to be owing by Borrowers until paid in
            accordance with the terms of this Note and the Credit Agreement.

            
            In no contingency or event whatsoever, whether by reason of advancement
            of the proceeds hereof or otherwise, shall the amount paid or agreed to be paid to
            Wachovia for the use, forbearance or detention of money advanced hereunder exceed the
            highest lawful rate permissible under any law which a court of competent jurisdiction
            may deem applicable hereto; and, in the event of any such payment inadvertently paid by
            any Borrower or inadvertently received by Wachovia, such excess sum shall be, at such
            Borrower’s option, returned to such Borrower forthwith or credited as a payment
            of principal, but shall not be applied to the payment of interest. It is the intent
            hereof Borrowers not pay or contract to pay, and that Wachovia not receive or contract
            to receive, directly or indirectly in any manner whatsoever, interest in excess of that
            which may be paid by Borrowers under Applicable Law.

            
            Time is of the essence of this Note. To the fullest extent permitted by
            Applicable Law, each Borrower, for itself and its legal representatives, successors and
            assigns, expressly waives presentment, demand, protest, notice of dishonor, notice of
            non-payment, notice of maturity, notice of protest, presentment for the purpose of
            accelerating maturity, diligence in collection, and the benefit of any exemption or
            insolvency laws.

            
            Wherever possible each provision of this Note shall be interpreted in
            such a manner as to be effective and valid under Applicable Law, but if any provision
            of this Note shall be prohibited 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 remaining provisions of this Note. No delay or failure
            on the part of Wachovia in the exercise of any right or remedy hereunder shall operate
            as a waiver thereof, nor as an acquiescence in any default, nor shall any single or
            partial exercise by Wachovia of any right or remedy preclude any other right or remedy.
            Agent may, at its option, enforce its rights against any Collateral securing this Note
            without enforcing its rights against any Borrower, any Guarantor of the indebtedness
            evidenced hereby or any other property or indebtedness due or to become due to
            Borrowers. Each Borrower agrees that, without releasing or impairing such
            Borrower’s liability hereunder, Agent or Holder may at any time release,
            surrender, substitute or exchange any Collateral securing this Note and may at any time
            release any party primarily or secondarily liable for the indebtedness evidenced by
            this Note.

            
            The rights of Wachovia and obligations of Borrowers hereunder shall be
            construed in accordance with and governed by the laws (without giving effect to the
            conflict of law principles thereof other than Section 5-1401 of the New York
            General Obligations Law) of the State of New York.

            
            This Note amends and restates that certain Second Amended and Restated
            Settlement Note dated May 31, 2007, made by Remington Arms Company, Inc. to the order
            of Wachovia in the original maximum principal amount of $10,000,000 (the “Prior
            Settlement Note”), but does not otherwise supersede, discharge or satisfy any of
            Borrowers’ obligations under the Prior Settlement Note and nothing herein shall
            constitute a novation or an accord and satisfaction with respect to the Prior
            Settlement Note or any of the other Obligations.

            
            IN WITNESS WHEREOF, each Borrower has caused this Note to be executed
            and delivered by its duly authorized officer on the date first above
            written.

             

            
            -2-

             

            

            

            

            

             

             

            
            REMINGTON ARMS COMPANY, INC.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

            
            RA BRANDS, L.L.C.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

            
             

             

            
            -3-

             

            

            

            

            

             

             

            
            EXHIBIT A-3

            
            FORM OF TERM NOTE

            	
                        
                        U.S. $______________.___

                    	
                        
                        ____________, 20__

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                        __________________

                    
	
                    	
                    	
                    	
                    

            
            FOR VALUE RECEIVED, the undersigned, REMINGTON
            ARMS COMPANY, INC., a Delaware corporation, and
            RA BRANDS, L.L.C., a Delaware limited
            liability company (individually, a “Borrower” and collectively, the
            “Borrowers”), hereby unconditionally, and jointly and severally, promise to
            pay the order of _______________________________ (herein, together with any subsequent
            holder hereof, called the “Holder”), the principal sum of $_________, or so
            much thereof as represents Holder’s Pro Rata share of the outstanding principal
            amount of the Term Loan pursuant to the terms of the Credit Agreement (as defined
            below), on the dates on which such outstanding principal amounts become due and payable
            pursuant to Section 5.3 of the
            Credit Agreement, in strict accordance with the terms thereof. Borrowers likewise
            unconditionally, and jointly and severally, promise to pay to Holder interest from and
            after the date hereof on the unpaid principal balance hereof at such interest rates,
            payable at such times and computed in such manner as are specified in
            Section 3.1 of the Credit Agreement, in
            strict accordance with the terms thereof.

            
            This Term Note (“Note”) is issued pursuant to, and is one of
            the “Term Notes” referred to in, the Amended and Restated Credit Agreement
            dated March 15, 2006 (as the same may be amended, restated, modified or supplemented,
            from time to time, the “Credit Agreement”), among Borrowers, the financial
            institutions from time to time parties thereto as lenders (“Lenders”),
            Wachovia Bank, National Association, as Administrative and Collateral Agent for Lenders
            (in such capacity, “Agent”), Bank of America, N.A. as Syndication Agent,
            and National City Business Credit, Inc. as Documentation Agent, and Holder is and shall
            be entitled to all benefits thereof and of all Credit Documents executed and delivered
            in connection therewith. This Note is subject to certain restrictions on transfer or
            assignment as provided in the Credit Agreement. All capitalized terms used herein,
            unless otherwise defined herein, shall have the meanings ascribed to such terms in the
            Credit Agreement.

            
            This Note is subject to mandatory prepayment in accordance with the
            provisions of Section 5.3.3 of the
            Credit Agreement and to prepayment premiums in accordance with the provisions of
            Section 5.3.4 of the Credit Agreement.
            Notwithstanding anything to the contrary contained herein, the entire unpaid principal
            balance and all accrued interest on this Note shall be due and payable immediately upon
            the Commitment Termination Date.

            
            All payments of principal and interest shall be made in U.S. Dollars in
            immediately available funds as specified in the Credit Agreement.

            
            Upon or after the occurrence of an Event of Default and for so long as
            such Event of Default exists, the principal balance and all accrued interest of this
            Note may be declared due and payable in the manner and with the effect provided in the
            Credit Agreement, and the unpaid principal balance hereof shall bear interest at the
            Default Rate as and when provided in
            Section 
            3.1.5 of the Credit Agreement. Borrowers
            agree to pay, and save Wachovia harmless against any liability for the payment of, all
            costs and expenses, including, but not limited to, reasonable attorneys’ fees, if
            this Note is collected by or through an attorney-at-law.

             

            

            

            

            

             

            
            In no contingency or event whatsoever, whether by reason of advancement
            of the proceeds hereof or otherwise, shall the amount paid or agreed to be paid to
            Holder for the use, forbearance or detention of money advanced hereunder exceed the
            highest lawful rate permissible under any law which a court of competent jurisdiction
            may deem applicable hereto; and, in the event of any such payment inadvertently paid by
            any Borrower or inadvertently received by Holder, such excess sum shall be, at such
            Borrower’s option, returned to such Borrower forthwith or credited as a payment
            of principal but shall not be applied to the payment of interest. It is the intent
            hereof that Borrowers not pay or contract to pay, and that Holder not receive or
            contract to receive, directly or indirectly in any manner whatsoever, interest in
            excess of that which may be paid by Borrowers under Applicable Law.

            
            Time is of the essence of this Note. To the fullest extent permitted by
            Applicable Law, each Borrower, for itself and its legal representatives, successors and
            assigns, expressly waives presentment, demand, protest, notice of dishonor, notice of
            non-payment, notice of maturity, notice of protest, presentment for the purpose of
            accelerating maturity, diligence in collection, and the benefit of any exemption or
            insolvency laws.

            
            Wherever possible each provision of this Note shall be interpreted in
            such a manner as to be effective and valid under Applicable Law, but if any provision
            of this Note shall be prohibited 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 remaining provisions of this Note. No delay or failure
            on the part of Holder in the exercise of any right or remedy hereunder shall operate as
            a waiver thereof, nor as an acquiescence in any default, nor shall any single or
            partial exercise by Holder of any right or remedy preclude any other right or remedy.
            Agent, at its option, may enforce its rights against any Collateral securing this Note
            without enforcing its rights against any Borrower, any Guarantor of the indebtedness
            evidenced hereby or any other property or indebtedness due or to become due to
            Borrowers. Each Borrower agrees that, without releasing or impairing such
            Borrower’s liability hereunder, Agent or Holder may at any time release,
            surrender, substitute or exchange any Collateral securing this Note and may at any time
            release any party primarily or secondarily liable for the indebtedness evidenced by
            this Note.

            
            The rights of Holder and obligations of Borrowers hereunder shall be
            construed in accordance with and governed by the laws (without giving effect to the
            conflict of law principles thereof other than Section 5-1401 of the New York
            General Obligations Law) of the State of New York.

            
             

            
             

            
             

             

            
            -2-

             

            

            

            

            

             

             

            
            IN WITNESS WHEREOF, each Borrower has caused this Note to be executed
            and delivered by its duly authorized officer on the date first above
            written.

            
            REMINGTON ARMS COMPANY, INC.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

            
            RA BRANDS, L.L.C.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

             

            
            -3-

             

            

            

            

            

             

             

            
            EXHIBIT B

             

            
            Form of Letter of Credit Request

             

             

            	
                        
                        TO:

                    	
                        
                        Lenders listed in that certain Amended and Restated Credit
                        Agreement dated March 15, 2006 (as amended, restated, modified or
                        supplemented, the “Credit Agreement”), among Remington Arms
                        Company, Inc., and the other borrowers named therein, the Lenders listed
                        herein and Wachovia Bank, National Association, as Agent
                        (“Agent”)

                    

             

            
            Pursuant to Section 2.3.1 of the Credit Agreement, the undersigned
            authorized officer of the undersigned Borrowers hereby requests [a] Letter[s] of Credit
            as follows:

             

            	
                        
                        
                        Face Amount

                    	
                        
                        
                        Date of Issuance

                    	
                        
                        
                        Expiry Date

                    	
                        
                        
                        Letter of Credit Purpose

                    	
                        
                        
                        Name and Address of Beneficiary

                    
	
                      	
                      	
                      	
                      	
                      
	
                      	
                      	
                      	
                      	
                      
	
                      	
                      	
                      	
                      	
                      
	
                      	
                      	
                      	
                      	
                      

             

            
            The undersigned hereby certifies that the amount of the outstanding LC
            Obligations prior to giving effect to any Letter of Credit requested hereby is equal to
            $_____________.

             

            
            Unless otherwise defined herein, terms defined in the Credit Agreement
            shall have the same meaning in this notice.

             

            	
                        
                        Date:

                    	
                        
                        ____________________, 200___.

                    

             

             

            
            REMINGTON ARMS COMPANY, INC.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

            
            RA BRANDS, L.L.C.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

             

            

            

            

            

             

            
            EXHIBIT C

             

            
            Form of Notice of Conversion/Continuation

             

            Date
            ______________, 200_

             

            
            Wachovia Bank, National Association, as Agent

            301
            South College Street

            
            6th
            Floor

            
            Charlotte, North Carolina 28288

            
            Attention:
            _______________________

             

            	
                        
                        Re:

                    	
                        
                        Amended and Restated Credit Agreement dated March 15, 2006,
                        by and among Remington Arms Company, Inc., the other
                        “Borrowers” named therein, certain “Lenders” from
                        time to time parties thereto, Wachovia Bank, National Association, as
                        Administrative and Collateral Agent for such Lenders, Bank of America, N.A.
                        as Syndication Agent and National City Business Credit, Inc. as
                        Documentation Agent (as at any time amended, restated, modified or
                        supplemented, the “Credit Agreement”)

                    

             

            
            Gentlemen:

             

            
            This Notice of Conversion/Continuation is delivered to you pursuant
            to Section 3.1.2 of the Credit
            Agreement. Unless otherwise defined herein, capitalized terms used herein shall have
            the meanings attributable thereto in the Credit Agreement. Borrowers hereby give notice
            of their request as follows:

             

            
            Check as applicable:

             

            	
                        
                        �

                    	
                        
                        A conversion of Loans from one Type to another, as
                        follows:

                    

             

            	
                        
                        (i)

                    	
                        
                        The requested date of the proposed conversion is
                        ______________, ____ (the “Conversion Date”);

                    

             

            	
                        
                        (ii)

                    	
                        
                        The Type of Loans to be converted pursuant hereto are
                        presently __________________
                        [select either Euro-Dollar
                        Loans or Base Rate Loans]
                        in the principal amount of $_____________ outstanding as of
                        the Conversion Date;

                    

             

            	
                        
                        (iii)

                    	
                        
                        The portion of the aforesaid Loans to be converted on the
                        Conversion Date is $_____________ (the “Conversion
                        Amount”);

                    

             

            	
                        
                        (iv)

                    	
                        
                        The Conversion Amount is to be converted into a
                        ____________ [select
                        either a Euro-Dollar Loan or a Base Rate
                        Loan] (the
                        “Converted Loan”) on the Conversion Date.

                    

             

             

            

            

            

            

             

             

            	
                        
                        (v)

                    	
                        
                        [In the event Borrowers
                        select a Euro-Dollar Loan:]
                        Borrowers hereby request that the Interest Period for such
                        Converted Loan be for a duration of _____
                        [insert length of Interest
                        Period].

                    

             

            	
                        
                        �

                    	
                        
                        A continuation of Loans which are Euro-Dollar Loans for a
                        new Interest Period, as follows:

                    

             

            	
                        
                        (i)

                    	
                        
                        The requested date of the proposed continuation is
                        _______________, _____ (the “Continuation Date”);

                    

             

            	
                        
                        (ii)

                    	
                        
                        The aggregate amount of such Euro-Dollar Loans subject to
                        such continuation is $__________________;

                    

             

            	
                        
                        (iii)

                    	
                        
                        The duration of the selected Interest Period for such
                        Euro-Dollar Loans which are the subject of such continuation is:
                        _____________ [select
                        duration of applicable Interest
                        Period];

                    

             

            
            Each Borrower hereby ratifies and reaffirms all of its liabilities and
            obligations under the Credit Documents and certifies that no Default or Event of
            Default exists on the date hereof.

             

            
            Borrowers have caused this Notice of Conversion/Continuation to be
            executed and delivered by their duly authorized representatives, this _______ day of
            ______________, 200_.

             

            
            REMINGTON ARMS COMPANY, INC.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

            
            RA BRANDS, L.L.C.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

             

            
            -2-

             

            

            

            

            

             

             

            
            EXHIBIT D

             

            
            Form of Notice of Borrowing

             

            Date
            ____________, 200_

             

            
            Wachovia Bank, National Association, as Agent

            301
            South College Street

            
            6th
            Floor

            
            Charlotte, North Carolina 28288

            
            Attention: _________________

             

            	
                        
                        Re:

                    	
                        
                        Amended and Restated Credit Agreement dated March 15, 2006,
                        by and among Remington Arms Company, Inc., the other
                        “Borrowers” named therein, certain “Lenders” from
                        time to time parties thereto, Wachovia Bank, National Association, as
                        Administrative and Collateral Agent for such Lenders, Bank of America, N.A.
                        as Syndication Agent and National City Business Credit, Inc. as
                        Documentation Agent (as at any time amended, restated, modified or
                        supplemented, the “Credit Agreement”)

                    

             

            
            Gentlemen:

             

            
            This Notice of Borrowing is delivered to you pursuant to
            Section 
            4.1.1 of the Credit Agreement. Unless
            otherwise defined herein, capitalized terms used herein shall have the meanings
            attributable thereto in the Credit Agreement. Borrowers hereby request a Revolver Loan
            in the aggregate principal amount of $______________, to be made on _____________, 200
            _, to be disbursed to the Funding Account, and to consist of:

             

            
                	
                            
                            Check as applicable:

                        	
                            
                            □

                        	
                            
                            Base Rate Loans in the aggregate principal amount of
                            $_____________

                        

            

             

            
                	
                            
                             

                        	
                            
                            □

                        	
                            
                            Euro-Dollar Loans in the aggregate principal amount of
                            $___________, with Interest Periods as follows:

                        

            

             

            	
                        
                        (i)

                    	
                        
                        As to $_____________, an Interest Period of ______
                        month(s);

                    

             

            	
                        
                        (ii)

                    	
                        
                        As to $_____________, an Interest Period of ______
                        months;

                    

             

            	
                        
                        (iii)

                    	
                        
                        As to $_____________, an Interest Period of ______
                        months.

                    

             

            

             

            

            

            

            

             

            
            Each Borrower hereby ratifies and reaffirms all of its liabilities and
            obligations under the Credit Documents and hereby certifies that no Default or Event of
            Default exists on the date hereof.

            
             

            
            Each Borrower hereby represents, warrants and certifies to Agent that
            the amount of the Obligations incurred and outstanding on the date hereof, taken
            together with the amount of the Revolver Loan requested herein, does not exceed the sum
            of (i) the amount on the date hereof that constitutes “Permitted
            Indebtedness” under clause (i) of the definition of that term in the New Senior
            Notes Indenture as in effect on January 24, 2003
            plus (ii) the amount of Obligations that
            Borrowers would be permitted to incur hereunder on such date under clause (xiv) of the
            definition of “Permitted Indebtedness” without causing a breach or
            violation of the New Senior Notes Indenture as in effect on January 24, 2003,
            minus (iii) the outstanding principal
            balance of the Term Loan on such date.

            
            Borrowers have caused this Notice of Borrowing to be executed and
            delivered by their duly authorized representative, this ______ day of _____________,
            200_.

             

            
            REMINGTON ARMS COMPANY, INC.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

            
            RA BRANDS, L.L.C.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

             

             

            
            -2-

             

            

            

            

            

             

             

            
            EXHIBIT E

             

            FORM
            OF COMPLIANCE CERTIFICATE

             

            
            [Letterhead of Remington]

             

            Date:
            _____________, 200__

             

            
            Wachovia Bank, National Association, as Agent

            301
            South College Street

            
            6th
            Floor

            
            Charlotte, North Carolina 28288

            
            Attention:
            ________________________

             

            
            Reference is hereby made to the Amended and Restated Credit Agreement
            dated March 15, 2006, by and among Remington Arms Company, Inc., the other borrowers
            named therein. (each a “Borrower” and collectively,
            “Borrowers”), certain “Lenders” from time to time parties
            thereto, Wachovia Bank, National Association, as Administrative and Collateral Agent
            for such Lenders, Bank of America, N.A., as Syndication Agent, and National City
            Business Credit, Inc., as Documentation Agent (as at any time amended, restated,
            modified or supplemented, the “Credit Agreement”). Capitalized terms used
            in this Compliance Certificate, unless otherwise defined herein, shall have the
            meanings ascribed to them in the Credit Agreement.

             

            
            Pursuant to
            Section 
            10.1.3 of the Credit Agreement, the
            undersigned, the chief financial officer of Borrowers, hereby certifies to the Agent
            and the Lenders that (1) the information contained in the Compliance Checklist attached
            hereto is true, accurate and complete in all material respects as of __________, 200__,
            and (2), except as expressly stated in the Compliance Certificate attached hereto: (a)
            no Default or Event of Default is in existence on and as of the date hereof, (b) as of
            the date hereof, each Borrower is current in its payment of all accrued rent and other
            charges to Persons who own or lease any premises where any of the Collateral is located
            or who provide processing or logistics services with respect to any of the Collateral
            at any location, and there are no pending disputes or claims regarding such
            Borrower’s failure to pay or delay in payment of any such rent or other charges,
            and (c) as of the date hereof, each Borrower and each of its Subsidiaries has filed all
            federal, state, municipal, local, and foreign tax returns and other reports it is
            required by law to file and has paid, all Taxes upon it, its income and Properties
            (including all federal excise taxes), prior to the date on which such Taxes became
            delinquent, in each case except to the extent that such Taxes are being Properly
            Contested and except where the same could not reasonably be expected to have a Material
            Adverse Effect.

             

            
             

            
             

            
             

             

            

            

            

            

             

             

            
            REMINGTON ARMS COMPANY, INC.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

            
            RA BRANDS, L.L.C.

             

            	
                        
                        By:______________________________________

                    

             

            	
                        
                        Title:___________________________________

                    

            
             

            
             

             

             

            
            -2-

             

            

            

            

            

             

             

            
            REMINGTON ARMS COMPANY, INC. - COMPLIANCE CHECKLIST

             

            
            AFFIRMATIVE COVENANTS

             

            	
                        
                        In

                        compliance

                    	
                        
                        Not in

                        compliance

                    	
                        
                        Covenant

                    
	
                     	
                     	
                     
	
                        
                        □

                    	
                        
                        □

                    	
                        
                        Notices
                        (Section 10.1.2)

                        

                        

                    
	
                        
                        □

                    	
                        
                        □

                    	
                        
                        Financial and Other
                        Information. (Section 10.1.3)

                        

                        

                    
	
                        
                        □

                    	
                        
                        □

                    	
                        
                        Landlord and Storage Agreements
                        (Section 10.1.4)

                        

                        

                    
	
                        
                        □

                    	
                        
                        □

                    	
                        
                        Projections
                        . (Section 10.1.5)

                        

                        

                    
	
                        
                        □

                    	
                        
                        □

                    	
                        
                        Taxes
                        . (Section 10.1.6)

                        

                        

                    
	
                        
                        □

                    	
                        
                        □

                    	
                        
                        Compliance with
                        Laws. (Section 10.1.7)

                        

                        

                    
	
                        
                        □

                    	
                        
                        □

                    	
                        
                        Insurance
                        . (Section 10.1.8)

                        

                        

                    
	
                        
                        □

                    	
                        
                        □

                    	
                        
                        Compliance with LC
                        Documents. (Section 10.1.9)

                        

                        

                    

             

             

            

            

            

            

             

            
            NEGATIVE COVENANTS

             

            	
                        
                        
                        In

                        compliance

                    	
                        
                        
                        Not in

                        compliance

                    	
                        
                        
                        Covenant

                    
	
                      	
                      	
                      
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Fundamental Changes. (Section
                        10.2.1)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Loans. (Section
                        10.2.2)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Permitted Debt. (Section
                        10.2.3)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Affiliate Transactions. (Section
                        10.2.4)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Limitation on Liens. (Section
                        10.2.5)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Subordinated Debt. (Section
                        10.2.6)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Restricted Payments. (Section
                        10.2.7)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Disposition of Assets. (Section
                        10.2.9)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Bill-and-Hold Sales, Etc. (Section
                        10.2.11)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Restricted Investments. (Section
                        10.2.12)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Acquisitions. (Section
                        10.2.13)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Tax Consolidation. (Section
                        10.2.15)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Fiscal Year. (Section
                        10.2.16)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Organization Documents. (Section
                        10.2.17)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Conduct of Business. (Section
                        10.2.18)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Subsidiaries. (Section
                        10.2.19)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Restrictions on Upstream Payments.
                        (Section 10.2.20)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Hedging Agreements. (Section
                        10.2.21)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Factoring Documents. (Section
                        10.2.22)

                        
                         

                    
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        
                        Licenses of Intellectual Property.
                        (Section 10.2.23)

                        
                         

                    

             

            

            

            

            

             

            
            FINANCIAL COVENANTS

             

            
            Capitalized terms used herein have the meanings ascribed to such terms
            in the Credit Agreement.

             

            	
                        
                        
                        In

                        compliance

                    	
                        
                        
                        Not in

                        compliance

                    	
                        
                        
                        Covenant

                    
	
                      	
                      	
                      
	
                        
                        
                        □

                        

                         

                          

                          

                        

                          

                        
                        
                        (i)

                        
                        
                        (ii)

                        
                        (iii)

                         

                          

                         (iv)

                         

                        

                        
                        
                        (a)

                         

                          

                        
                        
                        (i)

                        
                        
                        (ii)

                        (iii)

                         

                        
                        
                        (b)

                    	
                        
                        
                        □

                        
                         

                        
                        
                        __ to 1.0

                        
                        
                        

                        

                        

                        $_____________

                        $_____________

                        $_____________

                        
                        
                        

                        

                        $_____________

                         

                        
                        
                        $
                        _____________

                        

                        
                        
                        

                        

                        $_____________

                        $_____________

                        $_____________

                        
                        
                        

                        $_____________

                    	
                        
                        
                        Consolidated Fixed Charge Coverage Ratio.
                        
                        (Section 10.3.1)

                        [Required at any time that the Minimum Availability Condition is not
                        satisfied]

                         

                         The ratio of (a) Consolidated Adjusted EBITDA to (b) Consolidated Fixed
                        Charges for the Most Recent Covenant Test Period of at least 1.1 to
                        1.0.

                         

                         (a)  
                        Consolidated Adjusted
                        EBITDA:

                        
                        
                              (i)
                        Consolidated EBITDA,
                        less

                        
                        
                              (ii)
                        Capital Expenditures paid,
                        less

                        
                        
                              (iii)
                        Restricted Payments paid, to the extent permitted by Section 10.2.7 of the
                        Credit Agreement,
                        less

                        
                        
                             
                        (iv)
                        cash provisions for taxes paid based on
                        income, provided that the amount of such cash provisions for taxed based on
                        income may not be less than zero.

                        
                         

                        
                        
                        (b)  Consolidated Fixed
                        Charges:

                        
                        
                              (i) Consolidated Interest
                        Expense,
                        plus

                        
                        
                              (ii)
                        scheduled principal payments of any long-term Debt coming due in the next
                        period of equal length,
                        plus

                        
                        
                              (iii)
                        payments made with respect to Capitalized Lease Obligations

                        

                        

                        

                        

                        

                    

             

            	
                        
                        
                        $_____________

                    	
                        
                        
                        Average Excess Availability for the Fiscal Quarter most recently
                        ended.

                    

             

            

            

            

            

             

            
            ENVIRONMENTAL COVENANTS

             

            	
                        
                        
                        In

                        compliance

                    	
                        
                        
                        Not in

                        compliance

                    	
                        
                        
                        Covenant

                    
	
                      	
                      	
                      
	
                        
                        
                        □

                    	
                        
                        
                        □

                    	
                        
                        Environmental
                        Covenants (Section
                        10.4)

                    

             

            If not
            in compliance with any of the foregoing, please provide a description below:

             

            	
                        
                        Section
                        No.

                    	
                        
                        Description of
                        Non-Compliance

                    
	
                     	
                     
	
                        
                        _______

                    	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                     
	
                        
                        _______

                    	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                     
	
                        
                        _______

                    	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                     
	
                        
                        _______

                    	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                        
                        ___________________________________________________________

                    
	
                     	
                     

             

             

            

            

            

            

             

            
            EXHIBIT G

             

            
            FORM OF ASSIGNMENT AND ACCEPTANCE

             

            Dated
            as of ______, 200_

             

            
            Reference is made to the Amended and Restated Credit Agreement dated
            March 15, 2006 (at any time amended, restated, modified or supplemented, the
            “Credit Agreement”), among REMINGTON ARMS COMPANY,
            INC., a Delaware corporation, the other borrowers named
            therein (individually, a “Borrower” and collectively, the
            “Borrowers”), the financial institutions from time to time party to the
            Credit Agreement (“Lenders”), WACHOVIA BANK,
            NATIONAL ASSOCIATION, in its capacity as Administrative and
            Collateral Agent for Lenders (in such capacity, the “Agent”),
            BANK OF AMERICA, N.A. , in its capacity as
            Syndication Agent, and NATIONAL CITY BUSINESS CREDIT,
            INC., in its capacity as Documentation Agent. Capitalized
            terms used herein and not otherwise defined shall have the meanings assigned to such
            terms in the Credit Agreement.

            
             

            
            ____________________________ (the “Assignor”) and
            ________________________________ (the “Assignee”) agree as
            follows:

             

            
            1)          (A)
            Assignor hereby assigns to Assignee and Assignee hereby purchases and assumes from
            Assignor (i) a principal amount of $________ of the outstanding Revolver Loans held by
            Assignor (which amounts, according to the records of Agent, represent _______% of the
            total principal amount of outstanding Revolver Loans) and (ii) a principal amount of
            $__________ of Assignor’s Revolver Commitment (which amount includes
            Assignor’s outstanding Revolver Loans being assigned to Assignee pursuant to
            clause (i) above and which, according to the records of Agent, represents ____% of the
            total Revolver Commitments of Lenders under the Credit Agreement); (B) Assignor hereby
            assigns to Assignee and Assignee hereby purchases and assumes from Assignor (i) a
            principal amount of $________ of the outstanding Term Loan and (ii) a principal amount
            of $_________ of Assignor’s Term Loan Commitment (which amount includes
            Assignor’s outstanding Term Loan Advance being assigned to Assignee pursuant to
            clause (B)(i) above and which, according to the records of Agent, represents ________%
            of the total Term Loan Commitments of the Lenders under the Credit Agreement) (the
            items described in (A) and (B) above being herein collectively referred to as (the
            “Assigned Interests”), together with an interest in the Credit Documents
            corresponding to the Assigned Interest. This Agreement shall be effective from the date
            (the “Assignment Effective Date”) on which Assignor receives both (x) the
            principal amount of the Assigned Interest in the Revolver Loans on the Assignment
            Effective Date, if any, and (y) a copy of this Agreement duly executed by Assignee.
            From and after the Assignment Effective Date, Assignee hereby expressly assumes, and
            undertakes to perform, all of Assignor’s obligations in respect of
            Assignor’s Revolver Commitments to the extent, and only to the extent, of
            Assignee’s Assigned Interest, and all principal, interest, fees and other amounts
            which would otherwise be payable to or for Assignor’s account in respect of the
            Assigned Interest shall be payable to or for Assignee’s account, to the extent
            such amounts have accrued subsequent to the Assignment Effective Date.

             

            
            2)          Assignor
            (i) represents that as of the date hereof, the aggregate of its Commitments under the
            Credit Agreement (without giving effect to assignments thereof, which have not yet
            become effective) is $__________, and the outstanding balance of its Loans (unreduced
            by any assignments thereof, which have not yet become effective) is $__________; (ii)
            makes no representation or warranty and assumes no responsibility with respect to any
            statements, warranties or representations made in or in connection with the Credit
            Agreement or the execution, legality, validity, enforceability, genuineness,
            sufficiency or value of the Credit Agreement or any other instrument or document
            furnished pursuant thereto, other than that Assignor is the legal and beneficial owner
            of the interest being assigned by it hereunder and that such interest is free and clear
            of any adverse claim; (iii) makes no representation or warranty and assumes
            no

             

            

            

            

            

             

            
            responsibility with respect to the financial condition of Borrowers, the
            performance or observance by any Borrower of any of its obligations under the Credit
            Agreement or any of the Credit Documents[; and (iv)
            attaches the Notes held by it and requests that Agent exchange such Notes for new Notes
            payable to Assignee and the Assignor in the principal amounts set forth
            on Schedule
            Ahereto].

             

            
            3)          Assignee
            (i) represents and warrants that it is legally authorized to enter into this Assignment
            and Acceptance; (ii) confirms that it has received a copy of the Credit Agreement,
            together with copies of the most recent financial statements delivered pursuant to the
            terms thereof, and copies of such other Credit Documents and information as it has
            deemed appropriate to make its own credit analysis and decision to enter into this
            Assignment and Acceptance; (iii) agrees that it shall, independently and without
            reliance upon Assignor and based on such documents and information as it shall deem
            appropriate at the time, continue to make its own credit decisions in taking or not
            taking action under the Credit Agreement; (iv) confirms that it is eligible to become
            an Assignee; (v) appoints and authorizes Agent to take such action as Agent on its
            behalf and to exercise such powers under the Credit Documents as are delegated to
            Agent, by the terms thereof, together with such powers as are incidental thereto; (vi)
            agrees that it will strictly observe and perform all the obligations that are required
            to be performed by it as a “Lender” under the terms of the Credit Agreement
            and the other Credit Documents; and (vii) agrees that it will keep confidential all
            information with respect to Borrower furnished to it by Borrower or the Assignor to the
            extent provided in the Credit Agreement.

             

            
            4)          Assignor
            acknowledges and agrees that it will not sell or otherwise dispose of the Assigned
            Interests or any portion thereof, or grant any participation therein, in a manner
            which, or take any action in connection therewith which, would violate the terms of any
            of the Credit Documents.

             

            
            5)          This
            Agreement and all rights and obligations shall be interpreted in accordance with and
            governed by the laws of the State of New York. If any provision hereof would be invalid
            under Applicable Law, then such provision shall be deemed to be modified to the extent
            necessary to render it valid while most nearly preserving its original intent; no
            provision hereof shall be affected by another provision’s being held
            invalid.

             

            
            6)          Each
            notice or other communication hereunder shall be in writing, shall be sent by
            messenger, by telecopy or facsimile transmission or by first-class mail, shall be
            deemed given when sent and shall be sent as follows:

             

            
            If to Assignee, to the following address (or to such other address as
            Assignee may designate from time to time):

             

            
            __________________________

            
            __________________________

            
            __________________________

             

            
            If to Assignor, to the following address (or to such other address as
            Assignor may designate from time to time):

            
            __________________________

            
            __________________________

            
            __________________________

            
            __________________________

             

            
            Payments hereunder shall be made by wire transfer of immediately
            available U.S. Dollars as follows:

             

             

            
            -2-

             

            

            

            

            

             

             

            
            If to Assignee, to the following account (or to such other account as
            Assignee may designate from time to time):

             

            
            __________________________

            
            ABA No.__________________

            
            __________________________

            
            Account No.________________

            
            Reference: _________________

             

            
            If to Assignor, to the following account (or to such other account as
            Assignor may designate from time to time):

            
            __________________________

            
            __________________________

            
            __________________________

            
            ABA No.__________________

            
            For Account of:_____________

            
            Reference: ________________

             

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

             

            	
                        
                        [NAME OF ASSIGNOR]

                    

            
            (“Assignor”)

             

            	
                        
                        By:_________________________________

                              Title:_____________________________

                        
                         

                    
	
                    	
                    	
                    

             

             

            	
                        
                        [NAME OF ASSIGNEE]

                    

            
            (“Assignee”)

             

            	
                        
                        By:_________________________________

                              Title:_____________________________

                        
                         

                    
	
                    	
                    	
                    

             

            

             

            
            -3-

             

            

            

            

            

             

             

            
            SCHEDULE A TO ASSIGNMENT AND ACCEPTANCE

             

             

             

            
            -4-

             

            

            

            

            

             

             

            
            EXHIBIT H

             

            
            FORM OF NOTICE

             

            
            Reference is made to (i) the Amended and Restated Credit Agreement dated
            March 15, 2006 (at any time amended, restated, modified or supplemented, the
            “Credit Agreement”), among REMINGTON ARMS COMPANY,
            INC., a Delaware corporation, the other borrowers named
            therein (individually, a “Borrower” and collectively, the
            “Borrowers”), the financial institutions from time to time party to the
            Credit Agreement (“Lenders”), WACHOVIA BANK,
            NATIONAL ASSOCIATION, in its capacity as Administrative and
            Collateral Agent for Lenders (in such capacity, the “Agent”),
            BANK OF AMERICA, N.A., in its capacity as
            Syndication Agent, and NATIONAL CITY BUSINESS CREDIT,
            INC., in its capacity as Documentation Agent, and (ii) the
            Assignment and Acceptance dated as of ___________________________, 200__ (the
            “Assignment Agreement”) between
            _______________________________________________________________________ (the
            “Assignor”) and ________________________________________________________
            (the “Assignee”). Except as otherwise defined herein, capitalized terms
            used herein which are defined in the Credit Agreement are used herein with the
            respective meanings specified therein.

             

            
            The Assignor hereby notifies Borrowers and Agent of Assignor’s
            intent to assign to Assignee pursuant to the Assignment Agreement a principal amount of
            (i) $________ of the outstanding Revolver Loans held by Assignor, (ii) $___________ of
            Assignor’s Revolver Commitment (which amount includes the Assignor’s
            outstanding Revolver Loans being assigned to Assignee pursuant to clause (i) above),
            (iii) $_______________ of the outstanding Term Loan Advance held by Assignor, and (iv)
            $_____________ of Assignor’s Term Loan Commitment (which amount includes
            Assignor’s outstanding portion of the Term Loan Advance being assigned to
            Assignee pursuant to clause (iii) above), together with an interest in the Credit
            Documents corresponding to the interest in the Loans and Commitments so assigned.
            Pursuant to the Assignment Agreement, Assignee has expressly assumed all of
            Assignor’s obligations under the Credit Agreement to the extent of the Assigned
            Interest (as defined in the Assignment Agreement).

            
             

            
            For purposes of the Credit Agreement, Agent shall deem Assignor’s
            share of the Revolver Commitment and Term Loan Commitment to be reduced by $_________
            and $_________ respectively, and Assignee’s share of the Revolver Commitment and
            Term Loan Commitment to be increased by $_________ and $_________
            respectively.

             

            
            The address of the Assignee to which notices, information and payments
            are to be sent under the terms of the Credit Agreement is:

             

            
            ________________________

            
            ________________________

            
            ________________________

            
            ________________________

             

            
            Assignees LIBOR Lending Office address is as follows:

             

            
            ________________________

            
            ________________________

            
            ________________________

            
            ________________________

             

             

            

            

            

            

             

            
            This Notice is being delivered to Borrowers and Agent pursuant to the
            Credit Agreement. Please acknowledge your receipt of this Notice by executing and
            returning to Assignee and Assignor a copy of this Notice.

             

            
            IN WITNESS WHEREOF, the undersigned have caused the execution of this
            Notice, as of _________________, 200_.

             

            
             

            	
                        
                        [NAME OF ASSIGNOR]

                    

            
            (“Assignor”)

             

            	
                        
                        By:_________________________________

                              Title:_____________________________

                        
                         

                    
	
                    	
                    	
                    

             

             

            
             

            	
                        
                        [NAME OF ASSIGNEE]

                    

            
            (“Assignee”)

             

            	
                        
                        By:_________________________________

                              Title:_____________________________

                        
                         

                    
	
                    	
                    	
                    

             

            
            ACKNOWLEDGED AND AGREED TO

            AS
            OF THE DATE SET FORTH ABOVE:

             

            
            BORROWERS:

             

            
            REMINGTON ARMS COMPANY, INC.

             

            	
                        
                        By:____________________________

                    

             

            	
                        
                        Title:_________________________

                    

             

             

            
            RA BRANDS, L.L.C.

             

            	
                        
                        By:____________________________

                    

             

            	
                        
                        Title:_________________________

                    

             

             

             

             

             

             

             

            
            -2-

            
             

            

            

            

            

             

             

            
            WACHOVIA BANK, NATIONAL
            ASSOCIATION,

            as
            Agent

             

            	
                        
                        By:____________________________

                    

             

            
            Title:_________________________

             

            
            -3-

            
             

            

            

            

            

             

             

            
            EXHIBIT I

            
            FORM OF U.S. TAX COMPLIANCE CERTIFICATE

            
            Reference is made to the Loan(s) held by the undersigned pursuant to the
            Amended and Restated Credit Agreement (as amended, supplemented, waived or otherwise
            modified from time to time, the “Credit
            Agreement”), made on March 15, 2006, by and among
            Remington Arms Company, Inc., a Delaware corporation
            (“Remington”), the other
            borrowers named therein (together with Remington, the
            “Borrowers”), the
            various financial institutions from time to time parties thereto (the
            “Lenders”), Wachovia
            Bank, National Association, a national banking association in its capacity as
            administrative and collateral agent for the Lenders (the
            “Agent”), Bank of
            America, N.A., in its capacity as syndication agent and National City Business Credit,
            Inc., in its capacity as documentation agent. The undersigned hereby certifies under
            penalties of perjury that:

            	
                        
                        (1)

                    	
                        
                        The undersigned is the sole record and beneficial owner of
                        the Loan(s) (as well as any Note(s) evidencing such Loan(s)) registered in
                        its name;

                    
	
                        
                        (2)

                    	
                        
                        The income from the Loan(s) held by the undersigned is not
                        effectively connected with the conduct of a trade or business within the
                        United States;

                    
	
                        
                        (3)

                    	
                        
                        The undersigned is not a bank (as such term is used in
                        Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the
                        “Code”)), is
                        not subject to regulatory or other legal requirements as a bank in any
                        jurisdiction, and has not been treated as a bank for purposes of any tax,
                        securities law or other filing or submission made to any governmental
                        authority, any application made to a rating agency or any qualification for
                        any exemption from any tax, securities law or other legal
                        requirements;

                    
	
                        
                        (4)

                    	
                        
                        The undersigned is not a 10-percent shareholder of the
                        Borrowers within the meaning of Section 871(h)(3)(B) of the Code;
                        and

                    
	
                        
                        (5)

                    	
                        
                        The undersigned is not a controlled foreign corporation
                        receiving interest from a related person within the meaning of Section
                        881(c)(3)(C) of the Code.

                    

            
            The undersigned has furnished you with a certificate of its non-U.S.
            person status on Internal Revenue Service Form W-8BEN. By executing this certificate,
            the undersigned agrees that (1) if
            the information provided on this certificate changes, the undersigned shall so inform
            the Borrowers (for the benefit of the Borrowers and the Agent) in writing within thirty
            days of such change and (2) the
            undersigned shall furnish the Borrowers (for the benefit of the Borrowers and the
            Agent) a properly completed and currently effective certificate in either the calendar
            year in which payment is to be made by the Borrowers to the undersigned, or in either
            of the two calendar years preceding such payment.

            

             

            

            

            

            

             

            
            Unless otherwise defined herein, terms defined in the Credit Agreement
            and used herein shall have the meanings given to them in the Credit
            Agreement.

            
            [NAME OF LENDER]

             

            
            By:_______________________

            
            [Address]

             

            
            Dated:__________________________

             

             

            

            	
                        
                        -2-

                    

             

            

            

            

            

             

             

            
            SUPPLEMENTS TO SCHEDULES

            FOR
            BRANDS TO BE ATTACHED BY BORROWERS

             

            	
                        
                        Schedule 8.1.1

                    	
                        
                        Business Locations

                    

            	
                        
                        Schedule 9.1.1

                    	
                        
                        Jurisdictions in Which Each Borrower and Each Subsidiary Is
                        Authorized to Do Business

                    

            	
                        
                        Schedule 9.1.4

                    	
                        
                        Capital Structure

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.5

                    	
                        
                        Corporate Names

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.9

                    	
                        
                        Financial Statements

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.12

                    	
                        
                        Surety Obligations

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.13

                    	
                        
                        Tax Identification Numbers of Borrowers and
                        Subsidiaries

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.18

                    	
                        
                        Contracts Restricting Borrowers’ and
                        Subsidiaries’ Right to Incur Debts

                    
	
                        
                        Schedule 9.1.19

                    	
                        
                        Litigation

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.21

                    	
                        
                        Capitalized and Operating Leases

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.22

                    	
                        
                        Pension Plans

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.24

                    	
                        
                        Collective Bargaining Agreements; Labor
                        Controversies

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.27

                    	
                        
                        Investments

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.28

                    	
                        
                        Bank Accounts

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.30

                    	
                        
                        Environmental Matters

                    	
                        
                         

                    
	
                        
                        Schedule 10.2.5

                    	
                        
                        Permitted Liens

                    	
                        
                         

                    
	
                        
                        Schedule 10.2.21

                    	
                        
                        Hedging AgreementsExhibit 10.55

             

            
            JOINDER AGREEMENT AND SUPPLEMENT
             

            
            TO AMENDED AND RESTATED CREDIT AGREEMENT

             

            
            THIS JOINDER AGREEMENT AND SUPPLEMENT TO AMENDED AND RESTATED CREDIT
            AGREEMENT (this “Agreement”) is made and entered into this 28th day of
            January, 2008, by and among REMINGTON ARMS COMPANY,
            INC., a Delaware corporation and successor by merger to
            RA Factors, Inc., a Delaware corporation (“Remington”), and
            RA BRANDS, L.L.C., a Delaware limited
            liability company (“Brands”), as the existing borrowers,
            THE MARLIN FIREARMS COMPANY, a Connecticut
            corporation (“Marlin”), and H&R 1871,
            LLC, a Connecticut limited liability company
            (“H&R”; together with Marlin, individually a “New Borrower”
            and collectively the “New Borrowers”) as the new
            borrowers (Remington, Bran ds, Marlin and H&R hereafter referred to as
            “Borrowers”, and each individually as a “Borrower”);
            WACHOVIA BANK, NATIONAL ASSOCIATION, a
            national banking association with an office at 301 South College Street, Charlotte,
            North Carolina 28288, in its capacity as administrative and collateral agent (together
            with its successors in such capacity, “Agent”) for various financial
            institutions (“Lenders”); and such Lenders.

            
             

            
            Recitals:

            
            Agent, Lenders and Remington and Brands are parties to a certain Amended
            and Restated Credit Agreement dated March 15, 2006, as amended by that certain First
            Amendment to Amended and Restated Credit Agreement dated May 31, 2007, and that certain
            Joinder Agreement, Second Amendment and Supplement to Amended and Restated Credit
            Agreement dated November 13, 2007 (as at any time amended, restated, modified or
            supplemented, the “Credit Agreement”), pursuant to which Agent and Lenders
            have made certain revolving credit and term loans to Borrowers.

            
            Borrowers have advised Agent and Lenders of the proposed acquisition by
            Remington of the capital stock of Marlin pursuant to that certain Stock Purchase
            Agreement, dated as of December 21, 2007, among Remington, Marlin, the shareholders of
            Marlin identified on Schedule 1.1 thereto (collectively, the “Sellers”) and
            Frank Kenna, III, in his capacity as the Shareholders’ Representative (which
            agreement, together with any and all supplements, additions and amendments thereto, is
            referred to as the “Purchase Agreement”)(such acquisition hereafter
            referred to as the “Marlin Acquisition”).

            
            A condition precedent to the Marlin Acquisition constituting a 2007
            Permitted Acquisition under (and as defined in) the Credit Agreement is the New
            Borrowers’execution and delivery of this Agreement.

            
            Marlin, and its wholly-owned subsidiary, H&R, are executing this
            Agreement to become parties to the Credit Agreement and in order to induce Agent and
            Lenders to extend credit to Marlin and H&R and to continue to make available credit
            to the other Borrowers under the Credit Agreement.

            
            The parties now desire to join each of Marlin and H&R as a Borrower
            and supplement the Credit Agreement as hereinafter set forth.

             

             

            

            

            

            

             

             

            
            NOW, THEREFORE, for TEN DOLLARS ($10.00) in hand paid and other good and
            valuable consideration, the receipt and sufficiency of which are hereby severally
            acknowledged, the parties hereto, intending to be legally bound hereby, agree as
            follows:

            
            1.          
            Definitions.
            All capitalized terms used in this Agreement, unless otherwise defined
            herein, shall have the meanings ascribed to such terms in the Credit
            Agreement.

            
            2.          
            Joinder of New Borrowers. By their
            signatures below, and subject to the satisfaction of the other 2007 Permitted
            Acquisition Conditions, each New Borrower becomes a Borrower under the Credit Agreement
            with the same force and effect as if originally named therein as a Borrower, and each
            New Borrower hereby agrees to all the terms and provisions of the Credit Agreement
            applicable to it as a Borrower thereunder. Each reference to
            “Borrower” or “Borrowers” in the Credit Agreement shall be
            deemed to include each New Borrower. Upon the effectiveness of the joinder of each New
            Borrower to the Credit Agreement, each New Borrower shall be directly and primarily
            liable as a Borrower for all of the Obligations now or hereafter owing under the Credit
            Agreement and the other Credit Documents. The Obligations owing by each New Borrower
            shall be evidenced by the Credit Agreement, the Notes and the other Credit Documents.
            The parties hereto agree to execute and deliver such instruments, assignments or
            documents as are necessary under Applicable Law to give effect to or carry out the
            intent and purposes of the joinder of each New Borrower.

            
            3.          
            Joint and Several Liability; Borrowers’
            Representative. Each New Borrower acknowledges that it
            has requested Agent and Lenders to extend financial accommodations to it and to the
            other Borrowers in accordance with the provisions of the Credit Agreement, as hereby
            amended. In accordance with the terms of the Credit Agreement, each New Borrower
            acknowledges and agrees that it shall be jointly and severally liable for any and all
            Loans and other Obligations heretofore or hereafter made by Agent and Lenders to any
            New Borrower or any of the other Borrowers, and for all interest, fees and other
            charges payable in connection therewith. Each New Borrower shall be liable for, on a
            joint and several basis, the timely payment by the other Borrowers of, all of the Loans
            and the other Obligations, regardless of which Borrower actually may have received the
            proceeds of any Loans or other extensions of credit hereunder or the amount of such
            Loans received or the manner in which Agent or any Lender accounts for such Loans
            or other extensions of credit on its books and records, it being acknowledged and
            agreed that Loans to one Borrower inure to the mutual benefit of all Borrowers and that
            Agent and Lenders are relying on the joint and several liability of Borrowers in
            extending the Loans and other financial accommodations under the Credit Agreement.
            Each New Borrower hereby irrevocably appointsRemington, and
            Remington agrees to act under the Credit Agreement as, the agent and representative of
            itself and each New Borrower for all purposes under the Credit Agreement, including
            requesting Borrowings, selecting whether any Loan or portion thereof is to bear
            interest as a Base Rate Loan or a Euro-Dollar Loan, and receiving account statements
            and other notices and communications to Borrowers (or either of them) from Agent. Agent
            may rely, and shall be fully protected in relying, on any Notice of Borrowing, Notice
            of Conversion/Continuation, disbursement instructions, reports, information, Borrowing
            Base Certificate or any other notice or communication made or given by Remington,
            whether in its own name, on behalf of any Borrower or on behalf of “the
            Borrowers”.

            
            4.         
            Ratification and
            Reaffirmation. Each Borrower
            hereby ratifies and reaffirms the Obligations, each of the Credit Documents and all of
            such Borrower's covenants, duties, indebtedness and liabilities under the Credit
            Documents.

             

             

            
            -2-

             

            

            

            

            

             

             

            
            5.         
            Acknowledgments and Stipulations.
            Each Borrower acknowledges and stipulates that the Credit Agreement and
            the other Credit Documents executed by such Borrower are legal, valid and binding
            obligations of such Borrower that are enforceable against such Borrower in accordance
            with the terms thereof, except as the enforceability thereof may be limited by laws
            relating to Insolvency Proceedings or other similar laws of general application
            affecting the enforcement of creditors’ rights generally or by general equitable
            principles; all of the Obligations are owing and payable without defense, offset or
            counterclaim (and to the extent there exists any such defense, offset or counterclaim
            on the date hereof, the same is hereby waived by each Borrower); the Liens granted by
            such Borrower in favor of Agent are first priority Liens, subject only to those
            Permitted Liens which are expressly permitted by the terms of the Credit Documents to
            have priority over the Liens of Agent; and, as of the close of business on January 25,
            2007, the unpaid principal amount of the Revolver Loans totaled $0, the unpaid
            principal amount of the Term Loan totaled $25,000,000, and the face amount of
            outstanding Letters of Credit totaled $7,435,000.

            
            6.         
            Representations and
            Warranties. Each Borrower
            represents and warrants to Agent and Lenders, to induce Agent and Lenders to enter into
            this Agreement, that (i) Marlin is a wholly-owned Subsidiary of Remington and is
            engaged in substantially the same business as Remington and operates with Remington in
            a joint and common enterprise; (ii) H&R is a wholly-owned Subsidiary of Marlin and
            is engaged in substantially the same business as Remington and operates with Remington
            in a joint and common enterprise; (iii) the Schedules attached to this Agreement
            contain true, accurate and complete information with respect to each New Borrower and
            the matters represented and warranted by each New Borrower pursuant to Section 9 of the
            Credit Agreement and such Schedules shall be deemed to supplement and be a part of the
            Schedules to the Credit Agreement; (iv) no Default or Event of Default exists on the
            date hereof; (v) the execution, delivery and performance of this Agreement have been
            duly authorized by all requisite corporate action on the part of such Borrower and this
            Agreement has been duly executed and delivered by such Borrower; and (v) all of the
            representations and warranties made by such Borrower in the Credit Agreement are true
            and correct in all material respects on and as of the date hereof after giving effect
            to this Agreement (except where such representations and warranties expressly relate to
            an earlier date in which case such representations and warranties were true and correct
            in all material respects as of such earlier date).

            
            7.          
            Reference to Credit
            Agreement. Upon the
            effectiveness of this Agreement, each reference in the Credit Agreement to “this
            Agreement,” “hereunder,” or words of like import shall mean and be a
            reference to the Credit Agreement, as amended by this Agreement.

            
            8.          
            Breach of Agreement.
            This Agreement shall be part of the Credit Agreement and a breach of any
            representation, warranty or covenant herein shall constitute an Event of
            Default.

            
            9.          
            Expenses of Agent and Lenders.
            Borrowers agree to pay, on demand,
            all reasonable costs and expenses incurred by Agent and Lenders in connection with the
            preparation, negotiation and execution of this Agreement and any other Credit Documents
            executed pursuant hereto, including, without limitation, the reasonable costs and fees
            of Agent's and Lenders’ legal counsel.

            
            10.        
            Effectiveness; Governing
            Law. This Agreement shall be
            effective upon execution and delivery by Borrowers and acceptance by Agent and the
            Lenders (notice of which acceptance is hereby waived), whereupon the same shall be
            governed by and construed in accordance with the

             

            
            -3-

             

            

            

            

            

             

            
            internal laws of the State of New York (without giving effect to the
            conflict of laws principles thereof, other than Section 5-1401 of the New York General
            Obligations Law).

            
            11         
            Successors and
            Assigns. This Agreement
            shall be binding upon and inure to the benefit of the parties hereto and their
            respective successors and assigns.

            
            12.        
            No Novation, etc. Except as
            otherwise expressly provided in this Agreement, nothing herein shall be deemed to amend
            or modify any provision of the Credit Agreement or any of the other Credit Documents,
            each of which shall remain in full force and effect. This Agreement is not intended to
            be, nor shall it be construed to create, a novation or accord and satisfaction, and the
            Credit Agreement as herein modified shall continue in full force and effect.

            
            13.        
            Counterparts; Telecopied Signatures.
            This Agreement may be executed in any number of counterparts and by different parties
            to this Agreement on separate counterparts, each of which, when so executed, shall be
            deemed an original, but all such counterparts shall constitute one and the same
            agreement. Any signature delivered by a party by facsimile transmission or by portable
            document format by electronic mail shall be deemed to be an original signature
            hereto.

            
            14.        
            Further Assurances. Each Borrower
            agrees to take such further actions as Agent shall reasonably request from time to time
            in connection herewith to evidence or give effect to the amendments set forth herein or
            any of the transactions contemplated hereby.

            
            15.        
            Section Titles. Section titles and
            references used in this Agreement shall be without substantive meaning or content of
            any kind whatsoever and are not a part of the agreements among the parties
            hereto.

            
            16.        
            Release of
            Claims.To induce Agent and
            Lenders to enter into this Agreement, each Borrower hereby releases, acquits and
            forever discharges Agent and Lenders, and all officers, directors, agents, employees,
            successors and assigns of Agent and Lenders, from any and all liabilities, claims,
            demands, actions or causes of action of any kind or nature (if there be any), whether
            absolute or contingent, disputed or undisputed, at law or in equity, that are known to
            such Borrower as of the date of this Agreement, or that such Borrower should have
            reasonably known, arising under or in connection with any of the Credit Documents. Each
            Borrower represents and warrants to Lender that such Borrower has not transferred or
            assigned to any Person any claim that such Borrower ever had or claimed to have against
            Agent or any Lender.

            
            17.        
            Waiver of Jury Trial.
            To the fullest extent permitted by applicable law, the parties hereto
            each hereby waives the right to trial by jury in any action, suit, counterclaim or
            proceeding arising out of or related to this
            Agreement.

            
            [Signatures begin on next page]

             

            
            -4-

             

            

            

            

            

             

             

            
            IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
            duly executed under seal and delivered by their respective duly authorized officers on
            the date first written above.

            
            EXISTING BORROWERS:

            
             

            
            REMINGTON ARMS COMPANY , INC.

             

            	
                        
                        By:            /s/
                        Stephen P. Jackson, Jr.
                                        

                         Name:      Stephen P.
                        Jackson,
                        Jr.                        
                         

                         Title:        CFO,
                        Treasurer,
                        Secretary                   
                           

                    

             

            
            Address:

            
            870 Remington Drive

            
            Madison, North Carolina 27025

            
            Attention: President

            
            Telecopier No.: (336) 548-7801

            
             

            
            RA BRANDS, L.L.C.

             

            	
                        
                        By:            /s/
                        Stephen P. Jackson, Jr.
                                        

                         Name:      Stephen P.
                        Jackson,
                        Jr.                        
                         

                         Title:        CFO,
                        Treasurer,
                        Secretary                   
                           

                    

             

            
            Address:

            
            870 Remington Drive

            
            Madison, North Carolina 27025

            
            Attention: President

            
            Telecopier No.: (336) 548-7801

            
             

            
            NEW BORROWERS:

            
             

            
            THE MARLIN FIREARMS COMPANY

             

            	
                        
                        By:            /s/
                        Stephen P. Jackson, Jr.
                                        

                         Name:      Stephen P.
                        Jackson,
                        Jr.                        
                         

                         Title:        V.P.,
                        Secretary,
                        Treasurer                   
                           

                    

            
             

            
            Address:

            
            The Marlin Firearms Company

            
            c/o Remington Arms Company, Inc.

            
            870 Remington Drive

            
            Madison, North Carolina 27025

            
            Attention: Chief Financial Officer

            
            Telecopier No.: (336) 548-7801

             

            Joinder
            Agreement (Remington)

             

            

            

            

            

             

             

            
             

            
            H&R 1871, LLC

             

            	
                        
                        By:            /s/
                        Stephen P. Jackson, Jr.
                                        

                         Name:      Stephen P.
                        Jackson,
                        Jr.                        
                         

                         Title:        V.P.,
                        Secretary,
                        Treasurer                   
                           

                    

             

            
            Address:

            
            H&R 1871, LLC

            
            c/o Remington Arms Company, Inc.

            
            870 Remington Drive

            
            Madison, North Carolina 27025

            
            Attention: Chief Financial Officer

            
            Telecopier No.: (336) 548-7801

            
             

             

            

             

            Joinder
            Agreement (Remington)

             

            

            

            

            

             

             

            
            AGENT:

             

            
            WACHOVIA BANK, NATIONAL

            
            ASSOCIATION, as Agent

             

            	
                        
                        By:           /s/
                        Bruce
                        Rhodes                          

                    
	
                        
                        Name:     Bruce
                        Rhodes                                
                         

                         Title:
                              Director                                           

                    
	
                    	
                    	
                    	
                    

             

             

            	
                        
                        LENDERS:

                    

             

            
            WACHOVIA BANK, NATIONAL

            
            ASSOCIATION

             

            	
                        
                        By:           /s/
                        Bruce
                        Rhodes                          

                    
	
                        
                        Name:     Bruce
                        Rhodes                                
                         

                         Title:
                              Director                                           

                    
	
                    	
                    	
                    	
                    

             

            	
                        
                        BANK OF AMERICA, N.A.

                    

             

            	
                        
                        By:          /s/
                        Lawrence P.
                        Garni                   

                    
	
                        
                        Name:
                            Lawrence P.
                        Garni                         
                        

                        Title:
                              Sr. Vice
                        President                          

                    
	
                    	
                    	
                    	
                    

             

            
             

            
            NATIONAL CITY BUSINESS

            
            CREDIT, INC.

             

            	
                        
                        By:          /s/
                        Tom
                        Buda                                 

                    
	
                        
                        Name:     Tom
                        Buda                                      
                        

                        Title:
                              Vice
                        President                               

                    
	
                    	
                    	
                    	
                    

             

            
             

             

            Joinder
            Agreement (Remington)

             

            

            

            

            

             

             

            
            CONSENT AND REAFFIRMATION

            
            (PLEDGOR)

             

            
            The undersigned pledgor of the Equity Interests of Borrowers securing
            the Obligations at any time owing to Agent and Lenders hereby (i) acknowledges receipt
            of a copy of the foregoing Joinder Agreement and Supplement to Amended and Restated
            Credit Agreement; (ii) consents to Borrowers’ execution and delivery thereof; and
            (iii) affirms that nothing contained therein shall modify in any respect whatsoever its
            pledge securing the Obligations and reaffirms that such pledge is and shall remain in
            full force and effect.

            
            IN WITNESS WHEREOF, the undersigned has executed this Consent and
            Reaffirmation as of the date of such Joinder Agreement and Supplement to Amended and
            Restated Credit Agreement.

            
             

            
            RACI HOLDING, INC.

            	
                        
                        By:            /s/
                        Stephen P. Jackson, Jr.
                                        

                         Name:      Stephen P.
                        Jackson,
                        Jr.                        
                         

                         Title:        CFO,
                        Treasurer,
                        Secretary                   
                           

                    

             

            

            

            

            

             

             

            
            SUPPLEMENTS TO SCHEDULES

            FOR
            MARLIN AND H&R TO BE ATTACHED BY BORROWERS

             

            	
                        
                        Schedule 8.1.1

                    	
                        
                        Business Locations

                    

            	
                        
                        Schedule 9.1.1

                    	
                        
                        Jurisdictions in Which Each Borrower and Each Subsidiary Is
                        Authorized to Do Business

                    

            	
                        
                        Schedule 9.1.4

                    	
                        
                        Capital Structure

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.5

                    	
                        
                        Corporate Names

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.9

                    	
                        
                        Financial Statements

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.12

                    	
                        
                        Surety Obligations

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.13

                    	
                        
                        Tax Identification Numbers of Borrowers and
                        Subsidiaries

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.18

                    	
                        
                        Contracts Restricting Borrowers’ and
                        Subsidiaries’ Right to Incur Debts

                    
	
                        
                        Schedule 9.1.19

                    	
                        
                        Litigation

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.21

                    	
                        
                        Capitalized and Operating Leases

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.22

                    	
                        
                        Pension Plans

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.24

                    	
                        
                        Collective Bargaining Agreements; Labor
                        Controversies

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.27

                    	
                        
                        Investments

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.28

                    	
                        
                        Bank Accounts

                    	
                        
                         

                    
	
                        
                        Schedule 9.1.30

                    	
                        
                        Environmental Matters

                    	
                        
                         

                    
	
                        
                        Schedule 10.2.5

                    	
                        
                        Permitted Liens

                    	
                        
                         

                    
	
                        
                        Schedule 10.2.21

                    	
                        
                        Hedging Agreements

                    	
                        
                         

                    
	
                    	
                    	
                    	
                    	
                    	
                    	
                    	
                    	
                    	
                    	
                    	
                    	
                    	
                    	
                    	
                    	
                    

             

            

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 8.1.1

             

            
            BUSINESS LOCATIONS

             

            	
                        
                        The Marlin Firearms Company

                    	
                        
                        100 Kenna Drive

                        
                        North Haven, Connecticut 06473

                        
                         

                        
                        126 Bailey Road

                        
                        North Haven, Connecticut

                        
                         

                        
                        140 Elm Street

                        
                        North Haven, Connecticut

                        
                         

                        
                         

                    
	
                        
                        H&R 1871, LLC

                    	
                        
                        60 Industrial Rowe

                        
                        Gardner, Massachusetts 01440

                        
                         

                        
                        *Green Mountain Rifle Barrel
                        Co1

                        
                         

                        
                        *QiQihar Hawk, China2

                        
                         

                    

             

             

            * The
            two locations are processing sites where raw materials are shipped for further
            processing

             

            
            _________________________

            
            1  At 12/31/07, there was $148,622 of
            H&R Inventory located at this site

            
            2  At 12/31/07, there was $80,607 of
            H&R Inventory located at this site

            

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.1

             

            
            JURISDICTIONS IN WHICH EACH BORROWER AND EACH SUBSIDIARY IS
            AUTHORIZED TO DO BUSINESS

             

            	
                        
                        The Marlin Firearms Company

                    	
                        
                        Connecticut

                        
                         

                    
	
                        
                        H&R 1871, LLC

                    	
                        
                        Connecticut, Massachusetts

                        
                         

                    

             

            

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.4

             

            
            CAPITAL STRUCTURE

             

            (i)/
            (iii) Equity Interest

             

            	
                        
                        Shareholder

                    	
                        
                        Jurisdiction of Subsidiary

                        
                         

                    	
                        
                        Equity Interest (%)

                    	
                        
                        Subsidiary

                    
	
                        
                        Remington Arms Company, Inc.

                    	
                        
                        Connecticut

                    	
                        
                        100

                    	
                        
                        The Marlin Firearms Company

                    
	
                        
                        The Marlin Firearms Company

                    	
                        
                        Connecticut

                    	
                        
                        100

                    	
                        
                        H&R 1871, LLC

                    

             

             

            (ii)
            Corporate Affiliate

             

            	
                        
                        Affiliate of The Marlin Firearms Company

                    	
                        
                        Nature of Affiliation

                    
	
                        
                        H&R 1871, LLC

                        
                         

                    	
                        
                        Subsidiary

                    

             

             

            	
                        
                        Affiliate of H&R 1871, LLC

                    	
                        
                        Nature of Affiliation

                    
	
                        
                        The Marlin Firearms Company

                        
                         

                    	
                        
                        Shareholder

                    

             

             

            

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.5

             

            
            CORPORATE NAMES

             

            	
                        
                        1.

                    	
                        
                        Corporate Names (during 5 year period preceding the date
                        of the Agreement):

                    

             

            	
                        
                        The Marlin Firearms Company

                        
                         

                    
	
                        
                        H&R 1871, LLC

                        
                         

                    
	
                        
                        The following trade names:

                        
                        * Harrington & Richardson

                        
                        * New England Firearms

                        
                        * L C Smith

                        
                         

                        
                         

                    

             

             

            	
                        
                        2.

                    	
                        
                        Mergers, consolidation etc (during 5 year period
                        preceding the date of the Agreement):

                    

             

            
            On November 10, 2000, H&R 1871, LLC entered into an Asset Purchase
            Agreement by and among H&R 1871, Inc., James O. Garrison, David A. Garrison and
            H&R 1871, LLC.

            
             

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC

            
            SUPPLEMENT TO SCHEDULE 9.1.9

             

            
            FINANCIAL STATEMENTS

             

            
            [intentionally blank]

             

            
            (accounts are not consolidated with those of Remington Arms Company,
            Inc. but have been provided to Agent)

             

            

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.12

             

            
            SURETY OBLIGATIONS

             

            
            None

             

            

             

             

            	
                        
                        -2-

                    

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.13

             

            
            TAX IDENTIFICATION NUMBERS OF BORROWERS AND
            SUBSIDIARIES

             

             

            	
                        
                        The Marlin Firearms Company

                    	
                        
                        06-0441640

                        
                         

                    
	
                        
                        H&R 1871, LLC

                    	
                        
                        22-3762893

                        
                         

                    

             

             

            

             

             

            	
                        
                        -3-

                    

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.18

             

            
            CONTRACTS RESTRICTING BORROWERS’ AND SUBSIDIARIES RIGHT TO
            INCUR DEBTS

             

            
            None

            

             

             

            	
                        
                        -4-

                    

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.19

             

            
            LITIGATION

             

            
            Marlin:

             

            	
                        
                        1.

                    	
                        
                        Hardy vs. H&R 1871, et al:
                        2007 product liability lawsuit filed in West Virginia State
                        Court arising from a June 1, 2005 accident. Plaintiff claims permanent hand
                        damage, including partial amputation of the left thumb caused by the
                        exploding of the shotgun barrel. Federal Cartridge Company has also been
                        named as a defendant. The suit was served on Marlin on June 11, 2007 so no
                        other information is known at this time.

                    

            
             

            	
                        
                        2.

                    	
                        
                        Dichello v. Marlin Firearms:
                        2006 Connecticut State Court filing by a former employee
                        alleging employment discrimination, negligence and intentional infliction
                        of emotional distress. Plaintiff was out of work for non-work related
                        reasons. After 26 weeks absence and no indication of return plaintiff was
                        notified that she was being placed on inactive status, subject to medical
                        release. She has claimed she was sexually harassed and terminated in
                        retaliation for her complaints. The Court has dismissed the discrimination
                        count for lack of jurisdiction but allowed the other counts to
                        proceed.

                    

            
             

            	
                        
                        3.

                    	
                        
                        DMJ Associates v. Capasso, et al/Exxon Mobil, et al v.
                        Quanta, et al: In the 1970s Marlin contracted
                        with a licensed vendor to legally dispose of certain industrial waste. The
                        contractor allegedly disposed of the product improperly. An initial suit
                        (DMJ Associates v. Capasso, et al) resulted in a settlement by several
                        major parties who were then granted third-party offset rights to pursue
                        claims against those not party to the settlement. A second suit (Exxon
                        Mobil, et al v. Quanta, et al) was brought by these third-party plaintiffs
                        asserting contribution claims against third-party defendants. Marlin and
                        approximately fifty other organizations have been named as contributors for
                        remediation and settlement payments made in connection with an industrial
                        landfill site in Long Island City, New York now know as the Capasso Site.
                        This matter is in the initial stages of discovery.

                    

             

            	
                        
                        4.

                    	
                        
                        Fernandez v. Marlin Firearms:
                        An October 17, 2007 complaint was brought by an employee of a temporary
                        agency allegedly injured while operating a press on the Marlin’s
                        manufacturing line. The employee alleges negligence on the part of Marlin
                        and seeks damages for his injuries. Marlin has set up a reserve of $35,000
                        for this matter.

                    

            
             

            	
                        
                        5.

                    	
                        
                        Mississippi Products Liability:
                        On December 18, 2007, Marlin was contacted by a Jackson, MS attorney
                        alleging that the barrel of his client’s 1997 Model 30AW split during
                        firing three years ago. The client claims that he has suffered a hearing
                        loss that interferes with his job as a pharmacist. Marlin sent the attorney
                        its standard inquiry and is awaiting details and documentation. Marlin has
                        set up a reserve of $35,000 for this matter.

                    

             

            

             

             

            	
                        
                        -5-

                    

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.21

             

            
            CAPITALIZED AND OPERATING LEASES

             

            
            None

             

            

             

             

            	
                        
                        -6-

                    

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.22

             

            
            PENSION PLANS

             

             

            The
            Marlin Firearms Company Employees’ Pension Plan

             

            H&R
            1871, LLC and The Marlin Firearms Company each have defined contribution plan (401k)
            plan

            

             

             

            	
                        
                        -7-

                    

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.24

             

            
            COLLECTIVE BARGAINING AGREEMENTS; LABOR CONTROVERSIES

             

            
            None

             

            

             

             

            	
                        
                        -8-

                    

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.27

             

            
            INVESTMENTS

             

             

            	
                        
                        Borrower

                    	
                        
                        Equity Interest (%)

                        
                         

                    
	
                        
                        The Marlin Firearms Company

                    	
                        
                        H&R 1871, LLC (100%)

                        
                         

                        
                        Churchill Casualty, Ltd (0.87%)3

                        
                         

                    
	
                        
                        H&R 1871, LLC

                    	
                        
                        Sporting Activities Insurance, Ltd (2.56%)4

                        
                         

                    

             

             

             

            
            _________________________

            
            3  Workers’ compensation
            insurance captive (as of 2/28/06, the last finalized fiscal year
            end).

            
            4  Product liability insurance captive
            (as of 11/30/06, the last finalized fiscal year end).

            

             

             

            	
                        
                        -9-

                    

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.28

             

            
            BANK ACCOUNTS

            	
                        
                         

                        
                        MARLIN

                        
                         

                    
	
                        
                        Bank

                        
                         

                    	
                        
                        Location

                    	
                        
                        Account No.

                    	
                        
                        Account Name

                    
	
                        
                        Webster Bank

                    	
                        
                        80 Elm Street

                    	
                        
                        0009140510

                    	
                        
                        Marlin-Operating

                    
	
                        
                         

                    	
                        
                        New Haven, CT 06510

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                        Webster Bank

                    	
                        
                        80 Elm Street

                    	
                        
                        0009140527

                    	
                        
                        Marlin-Payroll

                    
	
                        
                         

                    	
                        
                        New Haven, CT 06510

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                        Webster Bank

                    	
                        
                        80 Elm Street

                    	
                        
                        0009140532

                    	
                        
                        Marlin-Gun Service

                    
	
                        
                         

                    	
                        
                        New Haven, CT 06510

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                        Webster Bank

                    	
                        
                        80 Elm Street

                    	
                        
                        0178001803

                    	
                        
                        Marlin-Business Money Market

                    
	
                        
                         

                    	
                        
                        New Haven, CT 06510

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                        Webster Bank

                    	
                        
                        80 Elm Street

                        New Haven, CT 06510

                    	
                        
                        0000000371

                    	
                        
                        Commercial Loan Acct-Facility 159

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                        Merrill Lynch

                    	
                        
                        157 Church Street, 21st Floor

                    	
                        
                        812-07U09

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                        New Haven, CT 06510

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                        The Advertising Checking Bureau, Inc.

                    	
                        
                        1610 Century Center Parkway

                    	
                        
                        00-0842052

                    	
                        
                        ACB Acct. No. 9864

                    
	
                        
                         

                    	
                        
                        Suite 104

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                        Memphis, TN 38134

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                        Bank of America

                    	
                        
                        P.O. Box 100289

                        Columbia, SC 29202-3289

                    	
                        
                        582-40429

                    	
                        
                        Freight Payment Acct. No. 2042-2

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                        
                        H&R 1871, LLC

                        
                         

                    
	
                        
                        Bank

                        
                         

                    	
                        
                        Location

                    	
                        
                        Account No.

                    	
                        
                        Account Name

                    
	
                        
                        Webster Bank

                    	
                        
                        80 Elm Street

                    	
                        
                        0009103065

                    	
                        
                        H&R-Operating

                    
	
                        
                         

                    	
                        
                        New Haven, CT 06510

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                        GFA Federal Credit Union

                    	
                        
                        P.O. Box 468

                    	
                        
                        01-20-0000002183

                    	
                        
                        Checking

                    
	
                        
                         

                    	
                        
                        Gardner, MA 01440

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                        GFA Federal Credit Union

                    	
                        
                        P.O. Box 468

                    	
                        
                        01-02-78629

                    	
                        
                        Savings

                    
	
                        
                         

                    	
                        
                        Gardner, MA 01440

                    	
                        
                         

                    	
                        
                         

                    
	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    	
                        
                         

                    

             

            

             

             

            	
                        
                        -10-

                    

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 9.1.30

             

            
            ENVIRONMENTAL MATTERS

             

            
            1.          Information
            disclosed in the documents listed below is incorporated herein by reference and deemed
            disclosed on this Schedule
            9.1.30.

            
             

            	
                        
                        •

                    	
                        
                        Environmental Assessment Report of Marlin Firearms Facility,
                        North Haven, CT, prepared by ATC Associates, Inc., dated September 25,
                        2007

                    

            
             

            	
                        
                        •

                    	
                        
                        Environmental Assessment Report of H&R 1871 Firearms
                        Facility, Gardner, MA, prepared by ATC Associates, Inc., dated September
                        28, 2007

                    

             

            
            2.          
            The sale transaction will trigger the requirements of the Connecticut
            Transfer Act (Section 22a-134 et
            seq. of the Connecticut General Statutes) (“Transfer
            Act”) with respect to the Marlin’s operations in North Haven, CT (the
            “North Haven Facility”). The environmental due diligence conducted by ATC
            Associates Inc. (“ATC”), as reported in the ATC report entitled
            Phase I Environmental Site Assessment of Marlin Firearms Company, 100
            McKenna Drive, North Haven, Connecticut 06473, dated
            September 25, 2007, copies of which have been provided to the Agent,
            identified 24 separate areas of concern (“AOCs”) at the
            North Haven Facility that the Borrower will need to investigate, and if necessary,
            remediate to state of Connecticut standards under the Transfer Act.

            
             

            

             

             

            	
                        
                        -11-

                    

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC

            
            SUPPLEMENT TO SCHEDULE 10.2.5

             

            
            PERMITTED LIENS

             

            
            None

             

            

             

             

            	
                        
                        -12-

                    

             

            

            

            

            

             

             

            
            THE MARLIN FIREARMS COMPANY; H&R 1871, LLC
             

            
            SUPPLEMENT TO SCHEDULE 10.2.21

             

            
            HEDGING AGREEMENTS

             

            
            None

             

             

             

             

            	
                        
                        -13-

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