Document:

EX-10.29

Baldwin Technology Company, Inc.

2 Trap Falls Road

Suite 402

Shelton, CT 06484

Tel: 203-402-1000

Fax: 203-402-5500

January 29, 2009

Mr. Karl S. Puehringer

51 Phillips Lane

Darien, CT 06820

Dear Karl:

Pursuant to Paragraph 17 of the agreement dated June 19, 2007 (the “Agreement”), which sets forth
the terms of your employment with Baldwin Technology Company, Inc. (the “Company”), and in
accordance with a letter agreement between you and the Company dated January 13, 2009 wherein you
agreed to reduce your annual base salary by ten (10%) percent, the Agreement is hereby amended,
effective February 1, 2009, as follows:

	 	1.	 	Paragraph 2.A is amended to provide for an annual base salary of three hundred
seventy eight thousand dollars ($378,000).
	 
	 	2.	 	Notwithstanding the foregoing, any payments that may become due to you in accordance
with Paragraph 2.D or Paragraph 8 of the Agreement, and any other calculations which rely
on your annual base salary shall continue to be calculated as if your annual base salary
was four hundred twenty thousand dollars ($420,000).

As so amended by this letter agreement, the Agreement shall remain in full force and effect.

	 	 	 	 	 
	Very truly yours,

BALDWIN TECHNOLOGY COMPANY, INC.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	/s/ Mark T. Becker 

Mark Becker
	 	 
	 

	 	Chair, Compensation Committee	 	 
	 
	 	 	 	 
	AGREED TO AND ACCEPTED	 	 
	 
	/s/ Karl S. Puehringer	 	 
	 	 	 
	Karl S. Puehringer	 	 
	 
	 	 	 	 
	Date:
	 	January 30, 2009EX-10.30

Baldwin Technology Company, Inc.

2 Trap Falls Road

Suite 402

Shelton, CT 06484

Tel: 203-402-1000

Fax: 203-402-5500

January 29, 2009

Mr. John P. Jordan

5 Lake Wind Road

New Canaan, CT 06840

Dear John:

Pursuant to Paragraph 16 of the agreement dated December 19, 2008 (the “Agreement”), which sets
forth the terms of your employment with Baldwin Technology Company, Inc. (the “Company”), and in
accordance with a letter agreement between you and the Company dated January 13, 2009 wherein you
agreed to reduce your annual base salary by ten (10%) percent, the Agreement is hereby amended,
effective February 1, 2009, as follows:

	 	1.	 	Paragraph 2.A is amended to provide for an annual base salary of two hundred twenty
nine thousand five hundred dollars ($229,500).
	 
	 	2.	 	Notwithstanding the foregoing, any payments that may become due to you in accordance
with Paragraph 2.F or Paragraph 8 of the Agreement, and any other calculations which rely
on your annual base salary shall continue to be calculated as if your annual base salary
was two hundred fifty five thousand dollars ($255,000).

As so amended by this letter agreement, the Agreement shall remain in full force and effect.

	 	 	 	 	 
	Very truly yours,

BALDWIN TECHNOLOGY COMPANY, INC.	 	 
	 
	 	 	 	 
	By:
	 	/s/ Karl S. Puehringer	 	 
	 

	 	 

Karl S. Puehringer
	 	 
	 

	 	President and Chief Executive Officer	 	 
	 
	 	 	 	 
	AGREED TO AND ACCEPTED	 	 
	 
	/s/ John P. Jordan	 	 
	 	 	 
	John P. Jordan	 	 
	 
	 	 	 	 
	Date:
	 	February 3, 2009EX-10.31

Baldwin Technology Company, Inc.

2 Trap Falls Road

Suite 402

Shelton, CT 06484

Tel: 203-402-1000

Fax: 203-402-5500

January 29, 2009

Mr. Shaun J. Kilfoyle

4300 West 93rd Street

Prairie Village, KS 66207

Dear Shaun:

Pursuant to Paragraph 11 of the agreement dated December 19, 2008 (the “Agreement”), which sets
forth the terms of your employment with Baldwin Technology Company, Inc. (the “Company”), and in
accordance with a letter agreement between you and the Company dated January 13, 2009 wherein you
agreed to reduce your annual base salary by ten (10%) percent, the Agreement is hereby amended,
effective February 1, 2009, as follows:

	 	1.	 	Paragraph 2.A is amended to provide for an annual base salary of one hundred eighty
nine thousand six hundred forty one dollars ($189,641).
	 
	 	2.	 	Notwithstanding the foregoing, any payments that may become due to you in accordance
with Paragraph 2.D or Paragraph 5 of the Agreement, and any other calculations which rely
on your annual base salary shall continue to be calculated as if your annual base salary
was two hundred ten thousand seven hundred twelve dollars ($210,712).

As so amended by this letter agreement, the Agreement shall remain in full force and effect.

	 	 	 	 	 
	Very truly yours,

BALDWIN TECHNOLOGY COMPANY, INC.	 	 
	 
	 	 	 	 
	By:
	 	/s/ Karl S. Puehringer	 	 
	 

	 	 

Karl S. Puehringer
	 	 
	 

	 	President and Chief Executive Officer	 	 
	 
	 	 	 	 
	AGREED TO AND ACCEPTED	 	 
	 
	/s/ Shaun J. Kilfoyle	 	 
	 	 	 
	Shaun J. Kilfoyle	 	 
	 
	 	 	 	 
	Date:
	 	January 29, 2009EX-10.133

EXHIBIT 10.133

AMENDMENT
NO. 1 TO AMENDED AND RESTATED FINANCING AGREEMENT

AND
WAIVER

     AMENDMENT NO. 1 TO AMENDED AND RESTATED FINANCING AGREEMENT AND
WAIVER (this “Amendment”) is entered into as of
February 1, 2009, by and among CYNTHIA STEFFE
ACQUISITION, LLC, a New York limited liability company (“CS
Acquisition”), S.L. DANIELLE
ACQUISITION, LLC a New York limited liability company
(“Danielle Acquisition”), BERNARD CHAUS, INC.
a New York corporation (“Chaus” and together with CS Acquisition and Danielle Acquisition,
collectively, the “Company”) and THE CIT
GROUP/COMMERCIAL SERVICES, INC. (“CIT”) as agent (in such
capacity, “Agent”) for itself and the various other financial institutions (together with CIT,
collectively, the “Lenders”) named in or which hereafter become a party to the Financing Agreement
(as hereafter defined).

BACKGROUND

     The Company, Agent and Lenders are parties to an Amended and Restated Financing Agreement dated as
of September 18, 2008 (as amended, modified, restated or supplemented from time to time, the
“Financing Agreement”) pursuant to which Agent and Lenders provide financial accommodations to
Company.

     The
Company has requested that Agent and Lenders: (a) amend the Financing Agreement as hereinafter
provided, and (b) waive certain Events of Default existing on the date hereof as hereinafter
provided, and in each instance, Agent on behalf of Lenders is willing to do so on the terms and
conditions set forth herein.

     NOW, THEREFORE, in consideration of any loan or advance or grant of credit heretofore or hereafter
made to or for the account of Company by Agent and Lenders, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:

     1.
Definitions. All capitalized terms not otherwise defined herein shall have the meanings
given to them in the Financing Agreement.

     2.
Amendments to Financing Agreement. Subject to satisfaction of the conditions precedent
set forth in Section 4 below, the Financing Agreement is hereby amended as of the date hereof as
follows:

          (a) Section. 1 of the Financing Agreement is hereby amended in order to modify the
definition of the term “Special Reserve” as follows:

               “Special
Reserve” shall mean $2,000,000 at all times.

          (b) The
LIBOR option for Revolving Loans provided for in the Financing Agreement is hereby
eliminated, and all Revolving Loans hereafter made pursuant to the Financing Agreement shall only
be Base Rate Loans. Furthermore, the Company shall not hereafter request or receive, or continue,
any LIBOR Loans, and additionally, no Base Rate Loans shall hereafter
be converted into LIBOR Loans.
Additionally, the definition of “Applicable Margin “ appearing in Section 1 of the Financing
Agreement is hereby amended to read as follows: “Applicable Margin for Base Rate Loans shall mean
one percent (1%).”

 

 

          (c) Supplementing the Fiscal Quarter end test periods and Tangible Net Worth
requirements set forth in sub-clause (a) of Paragraph 7.10 of Section 7 of the Financing Agreement,
an additional test period and Tangible Net Worth requirement is also to be included in such
sub-clause, by adding the following provision immediately at the end of such sub-clause: “Without
limiting the foregoing, the Company shall also maintain as of its financial statement date of
February 28, 2009, a Tangible Net Worth of not less than $4,667,000 (the “Month End February, 2009
Tangible Net Worth Covenant”). In this regard, the Company will furnish to the Agent and each
Lender a consolidated financial statements, by no later than April 10, 2009, certified by an
authorized financial or accounting officer of the Borrowing Agent, accompanied by an officer’s
compliance certificate, signed by the President, Vice President, Controller, Chief Financial
Officer or Treasurer, pursuant to which any one such officer must certify whether or not the
calculations based upon the above referenced financial statements demonstrate compliance with the
Month End February, 2009 Tangible Net Worth Covenant.”

          (d) Supplementing the Fiscal Quarter end test periods and minimum EBITDA
requirements set forth in sub-clause (b) of Paragraph 7.10 of Section 7 of the Financing Agreement,
an additional test period and minimum EBITDA requirement is also to be included in such sub-clause,
by adding the following provision immediately at the end of such sub-clause: “Without limiting the
foregoing, the Company shall also maintain for the eight month period ending February 28, 2009, a
minimum EBITDA of not less than a negative $674,000 (the “Month End February, 2009 Minimum EBITDA
Covenant”). In this regard, the Company will furnish to the Agent and each Lender consolidated
financial statements, by no later than April 10, 2009, certified by an authorized financial or
accounting officer of the Borrowing Agent, accompanied by an officer’s compliance certificate,
signed by the President, Vice President, Controller,
Chief Financial Officer or Treasurer, pursuant to which any one such officer must certify whether
or not the calculations based upon the above referenced financial statements demonstrate compliance
with the Month End February, 2009 Minimum EBITDA Covenant.”

          (e) Supplementing the Fiscal Quarter end test periods and Leverage Ratio
requirements set forth in sub-clause (c) of Paragraph 7.10 of Section 7 of the Financing Agreement,
an additional test period and Leverage Ratio requirement is also to be included in such sub-clause,
by adding the following provision immediately at the end of such sub-clause: “Without limiting the
foregoing, the Company shall also maintain as of its financial statement date of February 28, 2009,
a maximum Leverage Ratio of not more than 5.60 to 1.00 (the “Month End February, 2009 Maximum
Leverage Ratio Covenant”). In this regard, the Company will furnish to the Agent and each

 

 

Lender consolidated financial statements, by no later than April 10, 2009, certified by an
authorized financial or accounting officer of the Borrowing Agent, accompanied by an officer’s
compliance certificate, signed by the President, Vice President, Controller, Chief Financial
Officer or Treasurer, pursuant to which any one such officer must certify whether or not the
calculations based upon the above referenced financial statements demonstrate compliance with the
Month End February, 2009 Maximum Leverage Ratio Covenant.”

     3.
Waivers of Existing Events of Default. The Agent and the Lenders each hereby waive
compliance by the Company with the covenants set forth in sub-clauses (a) referring to Tangible Net
Worth, (b) referring to Minimum EBITDA, and (c) referring to Leverage Ratio, of Paragraph 7.10 of
Section 7 of the Financing Agreement, as in effect prior hereto, solely with respect to the Fiscal
Quarter test period ended on December 31, 2008, in relation to each of such covenants ended on such
date (the “Current Defaults”). The Agent and the Lenders each further agree that the Current
Defaults shall not constitute Defaults and/or Events of Default under the Financing Agreement and
that the Agent and the Lenders each hereby waive any and all rights it may have to accelerate any
of the Obligations and exercise any other remedies against the Company or the Collateral as a
result thereof. Except to the extent set forth herein, no other waiver of, or change in any of the
terms, provisions or conditions of the Financing Agreement is intended or implied. Except to the
extent set forth herein, this Amendment shall not constitute a waiver of any other existing
Defaults or Events of Default under the Financing Agreement (whether or not the Agent or any Lender
has knowledge thereof), and shall not constitute a waiver of any future Defaults or Events of
Default whatsoever. This Amendment is without prejudice to, and specifically reserves, all of the
rights and remedies of the Agent and each Lender against the Company under the Financing Agreement,
all of which are hereby ratified and remain in full force and effect. The Company shall comply with
all covenants set forth in the Financing Agreement, as amended herein, after the date of this
Amendment.

     4.
Conditions of Effectiveness. This Amendment shall become effective as of the date hereof upon
satisfaction of the following conditions:

	a.	 	Agent’s receipt of four (4) copies of this
Amendment No. 1 duly executed by the Company and
the Guarantors;
	 
	b.	 	Agent’s receipt, for its own benefit and the ratable benefit of the Lenders, of payment of an
amendment and waiver fee of $25,000.00, which fee shall be due and payable concurrently with the
execution of this Amendment and which shall be charged to the Company’s account with Agent; and
	 
	c.	 	Agent shall have received such other certificates, instruments, documents and agreements as
may reasonably be required by Agent or its counsel, each of which shall be in form and substance
reasonably satisfactory to Agent and its counsel.

 

 

5.
Representations and Warranties. Company hereby represents and warrants’ as follows:

          (a) This Amendment and the Financing Agreement, as modified hereby, constitute legal, valid
and binding obligations of Company and are enforceable against Company in accordance with their
respective terms.

          (b) Company hereby reaffirms all covenants, representations and warranties made in the
Financing Agreement as amended herein are true and correct in all material respects and agrees that
all such covenants, representations and warranties, as applicable, shall be deemed to have been
remade as of the effective date of this Amendment (except to the extent of changes resulting from
transactions contemplated or permitted by the Financing Agreement and the other Loan Documents and
except to the extent that such representations and warranties relate expressly to an earlier date).

          (c) No
Event of Default or Default has occurred and is continuing or would exist after giving
effect to this Amendment.

          (d) As of the date hereof, Company has no defense, counterclaim or offset with respect to the
Financing Agreement.

     6.
Governing Law. This Amendment shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns and shall be governed by and construed in
accordance with the laws of the State of New York without regard to any conflicts of laws
principles thereto that would call for the application of the laws of
any other jurisdiction.

     7.
Headings. Section headings in this Amendment are included herein for convenience of
reference only and shall not constitute a part of this Amendment for any other purpose.

     8.
Counterparts. Facsimile Signatures. This Amendment may be executed by the parties hereto
in one or more counterparts, each of which shall be deemed an original and all of which taken
together shall be deemed to constitute one and the same agreement. Any signature delivered by a
party by facsimile or electronic transmission shall be deemed to be an original signature hereto.

     9.
Effect on the Financing Agreement.

     (a) Upon the effectiveness of this Amendment, each reference in the Financing Agreement to
“this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a
reference to the Financing Agreement as modified hereby.

     (b) Except as specifically modified hereby, the Financing Agreement, and all other documents,
instruments and agreements executed and/or delivered in connection therewith, shall remain in full
force and effect, and are hereby ratified and confirmed.

     (c) The security interests and liens and rights securing payment of the Obligations are
hereby ratified and confirmed by the Company in all respects.

IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first written
above.

 

 

	 	 	 	 	 
	 	CYNTHIA STEFFE ACQUISITION, LLC

 	 
	 	By:  	/s/
Barton Heminover
 	 
	 	 	Title: Chief Financial Officer	 
	 	 	 	 
	 
	 	S.L. DANIELLE ACQUISITION, LLC

 	 
	 	By:  	/s/
Barton Heminover
 	 
	 	 	Title: Chief Financial Officer	 
	 	 	 	 
	 
	 	BERNARD CHAUS, INC.

 	 
	 	By:  	/s/
Barton Heminover
 	 
	 	 	Title: Chief Financial Officer	 
	 	 	 	 
	 
	 	THE CIT GROUP/COMMERCIAL SERVICES, INC.,

As Agent and Lender

 	 
	 	By:  	/s/ Kevin J. Winsch

Kevin J. Winsch	 
	 	 	Title: SR. Vice President	 
	 	 	 	 
	 

GUARANTOR
ACKNOWLEDGMENT

     Each of the undersigned hereby acknowledges and agrees that, notwithstanding the execution of the
foregoing Amendment No. 1, the consummation of the amendments, waivers and other transactions
contemplated thereby, (1) all of the terms and conditions,

 

 

representations and covenants contained in any agreements and/or arrangements of the undersigned
with the Agent and/or the Lenders shall not be changed, limited or otherwise adversely affected in
any manner, including without limitation any of the Loan Documents to
which undersigned are a
party, all of which shall remain in continuous full force and effect in accordance with their
respective terms and (ii) the security interests and liens theretofore granted, pledged and/or
assigned under any and all of the above mentioned agreements and/or arrangements of the
undersigned, as security for the Obligations shall not be impaired, limited or affected in any
manner whatsoever by reason of Amendment No. 1.

	 	 	 	 	 
	BERNARD CHAUS
INTERNATIONAL (HONG KONG), INC.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Barton Heminover
 

	 	 
	Title:

	 	Chief Financial Officer	 	 
	 
	 	 	 	 
	BERNARD CHAUS INTERNATIONAL (KOREA), INC,	 	 
	 
	 	 	 	 
	By:

	 	/s/ Barton Heminover
 

	 	 
	Title:

	 	Chief Financial Officer	 	 
	 
	 	 	 	 
	BERNARD CHAUS INTERNATIONAL (TAIWAN), INC.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Barton Heminover
 

	 	 
	Title:

	 	Chief Financial Officer

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