Document:

EX-10.71

 Exhibit 10.71 

CONSULTING AGREEMENT 

This consulting agreement (this “Agreement”) is entered into this 15th day of
August, 2013, by and between Marc S. Goldfarb (the “Consultant”) and Kid Brands, Inc. (the “Company”). 
 W
I T N E S S E T H : 
 WHEREAS, the Consultant previously served as Senior
Vice President, General Counsel and Corporate Secretary of the Company; and 
 WHEREAS, the Company wishes to retain the services of the
Consultant in order to provide legal consulting services to the Company; and 
 WHEREAS, the Consultant and the Company wish to enter into
this Agreement to set forth the terms and conditions of their relationship; 
 NOW, THEREFORE, in consideration of the premises above, and
the mutual promises and covenants contained herein, the sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

1. Term of Relationship. The Company hereby retains Consultant as Senior Legal Advisor to provide legal consulting services to the
Company for a term commencing August 15, 2013, through and including April 14, 2014 (the “Term”). Upon the expiration of the Term, this Agreement and the obligations of the parties hereunder will terminate automatically unless
the parties hereto agree, in a writing specifically referencing this Agreement, to extend the Term for a specific period of time. In the event Consultant secures full-time employment during the Term, either Consultant or the Company may elect to
terminate this Agreement effective upon the commencement by Consultant of such full-time employment. Consultant shall have the responsibility of informing the Company promptly upon the commencement of any such employment. 

2. Provision of Services. During the Term, the Consultant will provide legal consulting services to the Company as needed, and as
reasonably requested by the Chief Executive Officer of the Company, to whom the Consultant shall report. The Consultant may provide such legal consulting services from any location, including the Company’s headquarters or via telephone/e-mail,
to be determined in the Consultant’s sole discretion. The Consultant shall not represent the Company, its Board of Directors, its officers or any other members of the Company in any transactions or communications nor shall the Consultant make
claim to do so. 
 3. Compensation for Services. (a) The Company will pay the Consultant at the rate of $28,750 per month (pro
rated in the case of partial months), payable bi-weekly in arrears in accordance with the payroll practices of the Company. In addition, the Company shall reimburse the Consultant for any reasonable travel, hotel and other expenses pre-approved by
the Company that are incurred by him in connection with performing services hereunder promptly upon receipt of appropriate documentation. 

 (b) During the Term, the Consultant shall be entitled to continue his medical and dental
insurance coverage, pursuant to the provisions of COBRA; provided, that the Consultant shall continue to pay the Company an amount equal to the monthly contributions paid by Consultant for his healthcare (medical and dental) coverage in which the
Consultant was enrolled immediately prior to the commencement of the Term, and the Company shall continue to pay all other claims and expenses related to such healthcare coverage. 

(c) The Consultant acknowledges that the Company does not intend to make withholdings from such compensation and that the Consultant will have
the exclusive responsibility for paying any taxes (including income taxes, social security contributions, and similar obligations) on such compensation. At the appropriate time, the Company will provide the Consultant with a Form 1099 for his tax
purposes. 
 4. Independent Contractor Status. The Consultant acknowledges that, during the Term, his relationship with the Company
will be that of an independent contractor, and not that of an employee or an agent of the Company. The Company shall not control the manner or means by which the Consultant performs the services to be provided hereunder. While the Company
acknowledges that the Consultant is an independent contractor and does not intend to make any withholdings, the Company reserves the right to withhold payroll taxes and other amounts to the extent required by applicable law. 

5. Other Benefits. Other than the compensation provided for in Section 3 above, and except as set forth herein, the Company will
not provide the Consultant with any benefits, nor will the Consultant be entitled to participate in any of the Company’s benefit plans. Notwithstanding the above, the Consultant has been, or shall be paid (at the time of the next Company
payroll following the date hereof), for all accrued and unused vacation days accrued prior to the commencement of the Term. In addition: (i) all of Consultant’s monies, vested and/or unvested, in the Company’s 401(k) plan, if any,
shall be treated in accordance with the terms, conditions and provisions of such plan; and (ii) Consultant’s unvested equity awards from the Company shall be forfeited, but any vested equity awards shall remain exercisable until 90 days
following the expiration of the Term hereunder notwithstanding the original terms of any such awards. Such equity awards shall otherwise be subject to the terms of the award agreements (and/or the underlying plan documents) pursuant to which such
equity awards were granted. As a former executive officer of the Company, Consultant shall also remain entitled to indemnification under the Company’s organizational documents (or any written agreement governing indemnification) to the same
extent and upon the same conditions as active officers of the Company are entitled to indemnification (with respect to acts or events occurring during the course of or in connection with Consultant’s former employment with the Company or the
performance of Consultant’s duties hereunder) and shall remain entitled to the benefit of any directors and officers insurance coverage maintained by the Company on the same terms and conditions as any current or former officer of the Company.
All other employee benefits in effect while the Consultant was actively employed by the Company will be governed in accordance with the terms and conditions of the applicable Company plans, as outlined in the respective plan documents. 

  
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 6. Non-Disclosure of Confidential Information. (a) The Consultant acknowledges that,
during the Term of this Agreement, he may receive information that the Company considers proprietary and/or confidential (“Confidential Information”). Such Confidential Information includes, without limitation, operation plans and
techniques, any internal strategy deliberations, customer lists and contact information, customer preferences, product and supply costs, financial information, trade secrets, and other intellectual property, in each case belonging to the Company
(except that information that is available in the public domain, through no improper conduct on the Consultant’s part, and information independently developed by Consultant without reference to Confidential Information, will not be considered
to be Confidential Information). The Consultant acknowledges that such Confidential Information is important to the Company, and the need for the Company to keep such information confidential. Consequently, to the extent the Consultant is or becomes
privy to any such Confidential Information, the Consultant agrees to hold in the strictest of confidence, and not to use, reproduce, or otherwise disclose to any third party, such Confidential Information as long as such information remains
proprietary and/or confidential, unless otherwise required to do so by law or appropriate legal process. If the Consultant is required by legal process to disclose any Confidential Information, the Consultant will provide the Company with prompt
notice so that the Company may seek an appropriate protective order or waive the Consultant’s compliance with the provisions of this letter. If, failing the entry of a protective order or the receipt of a waiver hereunder, the Consultant is
legally compelled to disclose Confidential Information, the Consultant may disclose that portion of the Confidential Information that is required to be disclosed. Consultant will not oppose reasonable action by and will cooperate with the Company,
at the Company’s expense, to obtain an appropriate protective order or other reliable assurance that confidential treatment will be accorded the Confidential Information. 

(b) The Consultant represents that he has returned to the Company all confidential, proprietary and non-public materials, or any other property
of the Company, in his possession; provided, however, that the Consultant shall be entitled to keep his laptop computer and mobile phone; and provided, further, that Consultant shall be entitled to retain copies of any documents utilized by
Consultant during his employment, solely to the extent used in whole or in part as templates for future documents and only to the extent that any Company-identifiable information has been removed from any such future document and the use of any such
future document would not otherwise violate Consultant’s obligation of confidentiality set forth herein. 
 7. Other Employment and
Activities. The Consultant may pursue other professional relationships, whether as a consultant or otherwise; provided that the Company shall be entitled to offset the compensation payable hereunder by professional income received by the
Consultant during the Term. Consultant shall have the responsibility of informing the Company promptly upon the receipt of any such professional income. To facilitate Consultant’s pursuit of such other professional relationships, Consultant
shall not be required to provide services under this Agreement for more than one half day per week. 
 8. Nondisparagement;
Nonsolicitation. (a) The Consultant and the Company each agrees that, during the Term and for a period of twelve months thereafter, each party shall refrain from any action that could reasonably be expected to harm the reputation or
goodwill of the other party or its affiliates. 
 (b) During the Term of this Agreement, Consultant shall not, directly or indirectly,
solicit the employment or retention of any person who is to Consultant’s knowledge then employed or retained by any member of the Company or any subsidiary of the Company (collectively, the “Employer Group”); provided, that the
foregoing shall not prevent Consultant from hiring or soliciting anyone who: (a) initiates discussions regarding such employment on an unsolicited basis; or (b) who responds to (i) any public advertising of a general nature not
specifically targeted to employees of the Employer Group or (ii) a search firm that is not directed or encouraged to target employees or consultants of the Employer Group. 

  
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 9. Mutual Release. (a) In exchange for the above-referenced consideration, and except
for the obligations of the Company to provide the benefits referenced in Section 5 of this Agreement, Consultant hereby irrevocably releases and forever discharges any and all known and unknown liabilities, debts, obligations, causes of action,
demands, covenants, contracts, liens, controversies and any other claim of whatsoever kind or nature that Consultant ever had, now has or may have as of the date of Consultant’s execution of this Release, against the Company and its parent
company, subsidiaries, affiliates and related entities, and each of their respective officers, directors, employees, representatives, agents, successors and assigns (collectively, the “Company Releasees”), whether or not arising out of or
related to the performance of any services to or on behalf of the Company or the termination of those services, including without limitation: (i) including, but not limited to, any rights arising under or relating to Consultant’s
employment with the Company and/or the termination thereof, any allegation of discrimination or retaliation, or based on any federal, state or local law or regulation concerning race, sex, age, handicap, national origin, religion, or any other form
of discrimination or retaliation, and any claims arising in contract or tort, including breach of contract, breach of an implied covenant of good faith and fair dealing, or wrongful termination, which Consultant and/or his heirs, executors,
administrators, successors and assigns ever had, now have or hereafter can or may have against the Company Releasees by reason of any matter arising on or before the date hereof. The claims, demands and causes of action released by Consultant
include, but are not limited to, any claims of wrongful or constructive discharge or demotion, breach of contract (written, oral or implied), breach of the covenant of good faith and fair dealing, violation of public policy, defamation, any claim
for wages, bonuses, penalties, commissions, unvested equity awards or other compensation, claim for defamation, personal injury, emotional distress, claims under Title VII of the 1964 Civil Rights Act, as amended, the Age Discrimination in
Employment Act, as amended, the Older Workers Benefit Protection Act, the Fair Credit Reporting Act, the Occupational Health and Safety Act, the Employee Polygraph Protection Act, the Immigration Reform Control Act, the retaliation provisions of the
Sarbanes-Oxley Act of 2002, the Federal False Claims Act, the Equal Pay Act, the Family and Medical Leave Act of 1993, the Employee Retirement Income Security Act of 1974, the Americans with Disabilities Act of 1990, the WARN Act, the New Jersey Law
Against Discrimination; the New Jersey wage and hour laws, New Jersey’s Family Leave Act, the New Jersey Equal Pay Law, the New Jersey Genetic Privacy Act, the New Jersey Occupational Safety and Health Law, the New Jersey Domestic Partnership
Act, the New Jersey Fair Credit Reporting Act, the retaliation provisions of the New Jersey Workers’ Compensation Law and the New Jersey Conscientious Employee Protection Act; and any other laws, regulations or ordinances relating to employment
or employment discrimination, and the laws of contract and tort, to the full extent permitted by law (collectively, “Claims”). 

(b) The Company, on behalf of itself and the Company Releasees, hereby releases and forever discharges Consultant and Consultant’s heirs,
representatives and successors from any and all known and unknown liabilities, debts, obligations, causes of action, demands, covenants, contracts, liens, controversies and any other claim, which it ever had, now has or may have as of the date of
the Company’s execution of this Release against Consultant by reason of any matter, cause or thing whatsoever, including without limitation, any and all claims that may arise under any federal, state or local statutes, regulations, ordinances
or common law, or under any policy agreement, contract, understanding or promise, written or oral, formal or informal, between the Company Releasees and Consultant, as well as to any and all claims in connection with, related to or arising out of
Consultant’s employment with the Company; provided, however, that nothing contained in this Release shall release Consultant from any claims for fraud, theft, embezzlement, criminal activity, intentional breach of fiduciary duty or any material
breach of the Company’s Code of Business Conduct and Ethics, or contribution action(s) in connection with any such claims, whether brought by the Company or any member or representative of the Company Releasees. The Company confirms that it is
unaware of any facts that would give rise to any of the claims against Consultant of the nature referenced in the immediately preceding proviso. 

  
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 (c) Each of Consultant and the Company, on behalf of the Company Releasees, further waives and
relinquishes any rights and benefits which any such party has or may have under California Civil Code § 1542 to the fullest extent that such party may lawfully waive all such rights and benefits pertaining to the subject matter of this Release.
Civil Code § 1542 provides that a general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his
settlement with the debtor. Each of Consultant and the Company, on behalf of the Company Releasees, acknowledges that he or it is aware that he or it may later discover facts in addition to or different from those which he or it now knows or
believes to be true with respect to the subject matter of this Release, but it is the intention of each party to fully and finally forever settle and release any and all claims, matters, disputes, and differences, known or unknown, suspected and
unsuspected, which now exist, may later exist or may previously have existed between the parties to the extent set forth in this Section 9, and that in furtherance of this intention, the releases given in this Release shall be and remain in
effect as full and complete general releases to the extent set forth herein, notwithstanding discovery or existence of any such additional or different facts. 

(d) Additionally, nothing in this Release shall prohibit or restrict Consultant or any Company Releasee from: (i) making any disclosure of
information required by law; (ii) providing information to, or testifying or otherwise assisting in any investigation or proceeding brought by, any federal or state regulatory or law enforcement agency or legislative body, any self-regulatory
organization, or the Company’s Legal or Compliance Departments; or (iii) testifying, participating in or otherwise assisting in a proceeding relating to an alleged violation of the Sarbanes-Oxley Act of 2002, any federal, state or
municipal law relating to fraud or any rule or regulation of any self-regulatory organization. This Release is also not intended to preclude Consultant or any Company Releasee from: (1) enforcing the terms of this Release; (2) challenging
the validity of this Release; or (3) filing a charge or participating in any investigation or proceeding conducted by the Equal Employment Opportunity Commission (“EEOC”) or the National Labor Relations Board. 

(e) This Release shall not impact the EEOC’s rights, responsibilities or abilities to carry out its public duties and shall not impede the
Consultant’s or any Company Releasee’s participation in EEOC procedures and processes, except insofar as it precludes Consultant from recovering any additional monies from the Company or any of the other Company Releasees. 

(f) Consultant represents and agrees that he: 
  

	 	A.	has reviewed all aspects of this Section 9; 

  

	 	B.	has carefully read and fully understands all of the provisions of this Section 9; 

  

	 	C.	understands that in agreeing to this document, he is releasing the Company from any and all claims that he may have against the Company; 

 

	 	D.	knowingly and voluntarily agrees to all terms set forth in this Section 9; 

  
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	 	E.	was advised and hereby is advised in writing to consider the terms of this Release and that he was advised to consult with an attorney of his choice and at his own expense prior to executing this Agreement, including
this Section 9; 

  

	 	F.	has not relied on any representation or statement not set forth in this Agreement; 

  

	 	G.	has a full twenty-one (21) days from the date of acknowledged receipt of this Section 9 to consider whether he will execute this Agreement; 

 

	 	H.	has a full seven (7) days following the execution of this Agreement to revoke this Agreement by notifying the Company in writing of the revocation, and has been and hereby is advised in writing that this Agreement
shall not become effective or enforceable until the revocation period has expired; 

  

	 	I.	understands that rights or claims under the Age Discrimination in Employment Act of 1967 (29 U.S.C. § 621, et. Seq.) that may arise after the date this Agreement is executed are not waived; and 

 

	 	J.	has signed this Agreement (including this Section 9) voluntarily and entirely of his own free will. 

10. Applicable Disclosures and Cooperation. Consultant acknowledges that, as of the date hereof, he has no knowledge of any of
the following, except as may have been previously disclosed to the Company in accordance with applicable policies and procedures: (i) any information relevant to any investigation of the business practices of the Employer Group conducted by any
government agency or relevant to any existing, threatened or anticipated litigation or dispute involving the Company or any member of the Employer Group, whether administrative, civil or criminal in nature; (ii) any wrongdoing committed by any
current or former employees of the Company or the Employer Group; and (iii) any material violations of the Company’s Code of Business Conduct and Ethics. Consultant further agrees to provide reasonable cooperation to the Company or the
Employer Group, for no additional consideration, but without any out of pocket cost or expense, in connection with any matter arising out of or related to his employment including, but not limited to, any existing or future litigation or dispute
involving the Company or the Employer Group, whether administrative, civil or criminal in nature, in which and to the extent the Company or the Employer Group reasonably deems the Consultant’s cooperation necessary (which cooperation may
include providing testimony), provided that the Employer Group makes reasonable efforts to accommodate Consultant’s other responsibilities and obligations.  

11. Indemnity; Limit of Liability. The Company shall indemnify, hold harmless and defend Consultant from and against all claims,
liabilities, losses, expenses and damages (collectively, “Claims”) arising out of or in connection with the subject of this Agreement and the services to be provided hereunder, except to the extent any such Claim results from the gross
negligence or willful misconduct of Consultant. The Company shall pay damages and expenses, including reasonable legal fees and disbursements of counsel as incurred in advance. If Consultant is required by applicable law, legal process or government
action to produce information or testimony as a witness with respect to this Agreement, the Company shall reimburse Consultant for any professional time and expenses (including reasonable external and internal legal costs) incurred to respond to the
request, except in cases where Consultant is a party to the proceeding adverse to the Company. The Consultant shall not be liable to the Company, or any party asserting claims on behalf of the Company, except for direct damages found in a final
determination to be the direct result of the gross negligence or willful misconduct of Consultant. The Consultant shall not be liable for incidental or consequential damages under any circumstances, even if he has been advised of the possibility of
such damages. 

  
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 12. Representation and Warranties. The Company represents and warrants that it has the
full right, power and authority to enter into this Agreement and perform its obligations hereunder and that the execution of this Agreement by its representative whose signature is set forth at the end hereof has been duly authorized by all
necessary corporate action. The Consultant represents and warrants that he has the right to enter into this Agreement and perform fully all of his obligations in this Agreement which will not conflict with or result in any breach or default under
any other agreement to which the Consultant is subject. 
 13. Successors and Assigns. This Agreement, and the rights and obligations
of the Consultant and the Company under this Agreement, will inure to the benefit of, and will be binding upon, (a) the Consultant, and (b) the Company and its successors and assigns. This Agreement, and the rights and obligations under
this Agreement, may not be assigned by the Consultant. 
 14. Waiver. No waiver by any party hereto of the breach of any term or
covenant contained in this Agreement, whether by conduct or otherwise, in any one or more instances, will be deemed to be, or construed as, a further or continuing waiver of any such breach, or a waiver of any other term or covenant contained in
this Agreement. 
 15. Entire Agreement and Amendment. This Agreement contains the entire agreement between the Consultant and the
Company with respect to its subject matter, and supersedes all prior agreements and understandings, oral or written, between the Consultant and the Company with respect to the services to be provided hereunder. This Agreement may be amended only by
an agreement in writing signed by each of the parties hereto. 
 16. Counterparts. This Agreement may be executed in any number of
counterparts, each of which so executed will be deemed to be an original, and such counterparts will together constitute but one agreement. 

17. Governing Law. This Agreement will be governed by, and construed in accordance with, the laws of the State of New Jersey without
giving effect to its conflict of laws principles. 

  
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 IN WITNESS WHEREOF, the parties hereto have duly executed this Consulting Agreement as of the
date and year first written above. 
  

			
	KID BRANDS, INC.
		
	By:	 	/s/ Raphael Benaroya
		 	 Raphael Benaroya

		 	 President and CEO

	
	 /s/ Marc S. Goldfarb

	 Marc S. Goldfarb

  
 8EX-10.72

 Exhibit 10.72 

THIRD AMENDMENT TO CREDIT AGREEMENT AND LIMITED WAIVER 

This THIRD AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of November 14, 2013, among KID
BRANDS, INC., a New Jersey corporation (the “Lead Borrower”), the Persons named on Schedule 1.01 to the Credit Agreement referred to below (collectively, together with the Lead Borrower, the “Borrowers”), the
Persons named on Schedule 1.02 to the Credit Agreement referred to below (collectively, the “Guarantors”), each lender party hereto (collectively, the “Lenders” and individually, a “Lender”), and SALUS
CAPITAL PARTNERS, LLC, as Administrative Agent and Collateral Agent (in such capacities, the “Agent”). 

RECITALS 

A. The Borrowers, the Guarantors, the Lenders and the Agent are party to that certain Credit Agreement dated as of December 21,
2012, as amended pursuant to that certain First Amendment to Credit Agreement dated as of April 16, 2013, that certain Second Amendment to Credit Agreement dated as of May 16, 2013, and those certain letter agreements (collectively, the
“Letter Agreements”)dated as of August 13, 2013, September 12, 2013, September 19, 2013 and October 3, 2013 (and as further amended, supplemented, modified and in effect from time to time, the
“Credit Agreement”), pursuant to which the Agent and Lenders agreed, subject to the terms and conditions set forth therein, to make certain loans and provide other financial accommodations to the Borrowers. Capitalized terms used
herein and not otherwise defined shall have the meanings ascribed to them in the Credit Agreement. 
 B. The Borrowers and Guarantors
have requested that the Agent and the Lenders (i) waive the Defaults and Events of Default arising due to a breach of Sections 7.15(a) and 7.15(b) of the Credit Agreement and (ii) make certain changes to the Credit Agreement regarding the
financial covenants as set forth herein. The Agent and the Lenders are willing to provide such waiver and make such changes to the Credit Agreement, but only on the terms and subject to the conditions hereinafter set forth. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants herein
set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Borrowers, the Guarantors, the Lenders and the Agent hereby agree as follows: 

1. RATIFICATION AND REAFFIRMATION OF OBLIGATIONS
AND LIENS. 
 (a) Each Loan Party hereby ratifies and reaffirms the validity
and enforceability of all of the Obligations (including, without limitation, all Obligations under Section 2.09 of the Credit Agreement) and of the Credit Agreement and the other Loan Documents, and agrees that its obligations under the Credit
Agreement, the other Loan Documents and this Amendment are its legal, valid and binding obligations enforceable against it in accordance with the respective terms thereof. Each Loan Party further acknowledges and agrees that all payments to be made
by such Loan Party under the Credit Agreement shall be made without condition or deduction for any counterclaim, defense, recoupment or set-off in accordance with the terms of the Credit Agreement and the other Loan Documents. 

 (b) Each Loan Party hereby ratifies and reaffirms all of the liens and security interests
heretofore granted pursuant to the Credit Agreement and the other Loan Documents (except solely with respect to the Trademark Collateral, as defined in, and released by the Agent pursuant to, the Release of Trademark Security Interest dated
July 24, 2013) as collateral security for the Obligations incurred pursuant to the Credit Agreement and the other Loan Documents. 

2. LIMITED WAIVER. Subject to the terms and conditions herein contained and in reliance on the
representations and warranties of the Borrowers herein contained, effective upon the satisfaction of the conditions precedent set forth in section 4 below, the Agent and the Lenders hereby waive: (A) the requirement that the Borrowers be in
compliance with (i) the financial covenant, regarding Minimum Consolidated EBITDA, set forth in Section 7.15(a) of the Credit Agreement, for the trailing twelve-month periods ending on each of September 30, 2013 and October 31,
2013 and (ii) the financial covenant regarding the Consolidated Fixed Charge Coverage Ratio, set forth in Section 7.15(b) of the Credit Agreement, for the Fiscal Quarter ended September 30, 2013; and (B) any Default or Event of
Default resulting from any non-compliance with such covenants for the periods set forth above. The foregoing limited waiver is limited to the specific waivers set forth in this section 2 and is not a commitment or agreement to grant any waiver in
the future. 
 3. AMENDMENTS TO CREDIT AGREEMENT.  

(a) Section 1.01 (Defined Terms) of the Credit Agreement is hereby amended by adding the following defined terms: 

“Gross Sales Report” means, with respect to any Fiscal Month, a sales report indicating gross sales figures for the
immediately preceding completed fiscal month, prepared by the Lead Borrower in the form attached to the Third Amendment as Exhibit A. 

“Third Amendment” means the Third Amendment to Credit Agreement dated as of the Third Amendment Effective Date among
the Borrowers, the Guarantors, the Agent and the Lenders party thereto. 
 “Third Amendment Effective Date” means
as of November 14, 2013. 
 (b) Section 1.01 (Defined Terms) of the Credit Agreement hereby is amended by deleting
the definition of “Loan Documents” appearing therein and inserting in lieu thereof the amended definition set forth below: 

“Loan Documents” means this Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Letter
Agreements, each Note, each Issuer Document, the Fee Letter, all Borrowing Base Certificates, the Blocked Account Agreements, the DDA Notifications, the Security Documents, each Facility Guaranty and

  
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any other instrument or agreement now or hereafter executed and delivered in connection herewith, or in connection with any transaction arising out of any Cash Management Services and Bank
Products provided by the Agent or any of its Affiliates, each as amended and in effect from time to time. 
 (c)
Section 1.01 (Defined Terms) of the Credit Agreement is hereby amended by : (i) deleting the phrase “for purposes of calculating the financial covenants set forth in Section 7.15” from clause (xii) of the
definition of Consolidated EBITDA; and (ii) deleting the following defined terms: Availability Trigger Event; Expense Ratio Trigger Event; Consolidated Fixed Charge Coverage Ratio; and Debt Service Charges. 

(d) Notwithstanding anything to the contrary in the Credit Agreement (including, but not limited to, the definitions of
“Availability”, “Total Outstandings” and “Outstanding Amount”), solely for the purpose of calculating Availability under Section 7.15(a) for any Fiscal Month during the period commencing on December 1,
2013 and ending on February 28, 2014, Total Outstandings shall be adjusted to exclude the effect of any borrowings (but solely to the extent that such borrowings occur earlier than the Fiscal Month that such borrowing are projected to occur as
set forth in the Business Plan) used to pay: (i) start up costs (in the aggregate amount not to exceed $1,500,000) to National Distributions Centers, L.P. (“NDC”) required under the Operating Services Agreement between NDC and
the Lead Borrower; and (ii) the security deposit (in an amount not to exceed $360,000) required in connection with the lease of new office space by the Lead Borrower and LaJobi. For purposes of clarity, any borrowings under the Credit Agreement
used to fund the Borrowers’ payment requirements described in clauses (i) and (ii) above shall not be included in the calculation of “Total Outstandings” or “Outstanding Amounts” solely for purposes of determining
Availability under Section 7.15(a) of Credit Agreement for the periods described above (and shall, for the avoidance of doubt, be included in the calculation of “Availability”, “Total Outstandings” and
“Outstanding Amounts” for all other purposes, including, without limitation, for the purpose of determining whether an Overadvance exists). 

(e) Section 6.02 of the Credit Agreement is hereby amended to add the following subsection (m) and (n) (and the
word “and” following subsection (k) is hereby moved to follow subsection (m) and the period at the end of subsection (l) is replaced with a semicolon): 

(m) on the seventh Business Day of each month, a Gross Sales Report covering the immediately preceding completed fiscal month,
certified as prepared in good faith and based upon information available to the Borrowers at the time delivered; and 
 (n)
notwithstanding any provisions to the contrary set forth in this Agreement (or any Loan Document), on or before December 16, 2013, (i) a Business Plan for the Borrowers’ 2014 fiscal year, and (ii) on or prior to execution of the
Third Amendment, an updated Business Plan with respect to November and December 2013 (the “2013 Update”), such 2013 Update to be prepared on a basis consistent with the methodology to be used for the 2014 Business Plan. 

  
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 (f) Section 7.15 (Financial Covenants) of the Credit Agreement hereby is
amended by deleting such Section in its entirety and replacing it with the following: 
 7.15 Business Plan Covenants. 

(a) Permit the average daily Availability for any Fiscal Month, commencing with the Fiscal Month ending on November 30,
2013 and for all Fiscal Months thereafter, calculated under, or in accordance with, the Agent’s loan accounting system, to be more than fifteen percent (15%) less than the Availability projected for the last day of such Fiscal Month
(tested on the last day of such month) in the Business Plan most recently delivered to the Agent (as set forth in paragraph (c) below). 

(b) Permit gross sales for the trailing three-month period, calculated as of the last day of each Fiscal Month, commencing with
the Fiscal Month ending on November 30, 2013 and for all Fiscal Months thereafter, to be more than fifteen percent (15%) less than the gross sales projected for such trailing three-month period ending as of the end of each such Fiscal
Month in the most recently delivered Business Plan (as set forth in paragraph (c) below). 
 (c) For the avoidance of
doubt, with respect to the covenant testing periods ending on each of November 30, 2013 and December 31, 2013, the projections included in the 2013 Update (which is hereby deemed acceptable to the Agent in its Permitted Discretion) shall
be used to determine covenant compliance for such testing periods. With respect to all covenant testing periods in 2014, the projections included in the 2014 Business Plan delivered to the Agent pursuant to Section 6.02(n) shall be used
to determine covenant compliance for such testing periods, and for testing periods beyond 2014, the projections included in the Business Plan most recently delivered to the Agent pursuant to Section 6.01(d) for such periods shall be used
to determine compliance for such testing periods. 
 4. CONDITIONS TO EFFECTIVENESS;
POST EFFECTIVE DATE COVENANTS OF THE LOAN PARTIES. This Amendment shall become effective only upon the
satisfaction of all of the conditions precedent set forth in clauses (a) and (b) below: 
 (a) The Agent shall
have received this Amendment, duly executed by each Loan Party and the Lenders; and  
 (b) The Lead Borrower shall have paid
in full all invoiced Credit Party Expenses in connection with the preparation, execution, delivery and administration of this Amendment. The fees and expenses described in this clause (b) shall be fully earned and payable as of the Third
Amendment Effective Date, and no portion thereof shall be refunded or returned to the Lead Borrower or any other Loan Party under any circumstances. 

5. REPRESENTATIONS AND WARRANTIES. Each Loan Party represents,
warrants and covenants that: 
 (a) The execution, delivery and performance of this Amendment and the other Loan Documents, and the
transactions contemplated hereunder and thereunder, are all within such Loan Party’s powers, have been duly authorized and do not and will not (i) contravene the terms 

  
 4 

 
of such Loan Party’s Organization Documents; (ii) conflict with or result in any breach, termination, or contravention of, or constitute a default under, or require any payment to be
made under (A) any Material Contract or any Material Indebtedness to which such Loan Party is a party or affecting such Loan Party or the properties of such Loan Party or any of its Subsidiaries or (B) any order, injunction, writ or decree
of any Governmental Authority or any arbitral award to which such Loan Party or its property is subject; or (iii) violate any Laws; 

(b) After giving effect to this Amendment, no event or circumstance has occurred and is continuing that constitutes a Default or an
Event of Default; 
 (c) The representations and warranties contained in the Credit Agreement and the other Loan Documents
were true and correct in all material respects as of the date made and, except to the extent that such representations and warranties relate expressly to an earlier date, remain true and correct in all material respects as of the date hereof
(provided, that in the case of any representation and warranty qualified by materiality, such representation and warranty shall be true and correct in all respects (after giving effect to such materiality qualification)); and 

(d) Such Loan Party has read and fully understands each of the terms and conditions of this Amendment and is entering into this
Amendment freely and voluntarily, without duress, after having had an opportunity for consultation with independent counsel of its own selection and not in reliance upon any representations, warranties or agreements made by the Agent or any Lender
and not set forth in this Amendment. 
 6. RELEASE. In consideration of the agreements of the Agent and the Lenders
contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Loan Party, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely,
unconditionally and irrevocably releases, remises and forever discharges the Agent and each Lender and their respective successors and assigns, and their respective present and former shareholders, Affiliates, trustees, subsidiaries, divisions,
predecessors, directors, officers, attorneys, employees, agents and other representatives (the Agent, each Lender and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a
“Releasee”), of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims,
defenses, rights of set-off, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity,
which such Loan Party or any of its successors, assigns or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing
whatsoever which arises at any time on or prior to the day and date of this Amendment, including, without limitation, for or on account of, or in relation to, or in any way in connection with any of the Credit Agreement, or any of the other Loan
Documents or transactions thereunder or related thereto. Each Loan Party understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any
action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. Each Loan Party agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may
hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth herein. 

  
 5 

 7. FULL FORCE AND EFFECT;
ENTIRE AGREEMENT. Except to the extent expressly provided in this Amendment, the terms and conditions of the Credit Agreement and each other Loan Document shall remain in full force and effect.
This Amendment, the Credit Agreement and the other Loan Documents constitute and contain the entire agreement of the parties hereto and supersede any and all prior agreements, negotiations, correspondence, understandings and communications between
the parties, whether written or oral, respecting the subject matter hereof. 
 8. COUNTERPARTS;
EFFECTIVENESS. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts taken together shall constitute but one and the same
instrument. Delivery of an executed counterpart of a signature page to this Amendment by facsimile or other electronic means shall be as effective as delivery of a manually executed counterpart of this Amendment. Any party delivering an executed
counterpart of this Amendment by facsimile or other electronic means also shall deliver a manually executed counterpart of this Amendment but the failure to deliver a manually executed counterpart shall not affect the validity, enforceability, and
binding effect of this Amendment. 
 9. NO THIRD PARTIES BENEFITED. This
Amendment is made and entered into for the sole benefit of the Borrowers, the Guarantors, the Agent and the Lenders, and their permitted successors and assigns, and except as otherwise expressly provided in this Amendment, no other Person shall be a
direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with, this Amendment. 

10. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF, BUT INCLUDING SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 

11. SEVERABILITY. In case any provision in or obligation under this Amendment shall be invalid, illegal or unenforceable
in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

  
 6 

 IN WITNESS WHEREOF, each of
the parties hereto has caused this Amendment to be executed and delivered by its duly authorized officer as of the date first written above. 
  

			
	KID BRANDS, INC., as the Lead Borrower
		
	By:	 	  /s/ Kerry Carr

	Name:	 	Kerry Carr
	Title:	 	EVP, COO & CFO
	
	KIDS LINE, LLC
	SASSY, INC.
	I & J HOLDCO, INC.
	LAJOBI, INC.
	COCALO, INC.
	RB TRADEMARK HOLDCO, LLC, each as a Borrower
		
	By:	 	  /s/ Kerry Carr

	Name:	 	Kerry Carr
	Title:	 	Vice President

 
			
	SALUS CAPITAL PARTNERS, LLC,
	as Administrative Agent and as Collateral Agent and a Lender
		
	By:	 	  /s/ Matthew T. O’Rourke

	Name:	 	Matthew T. O’Rourke
	Title:	 	Vice President

 Exhibit A 

Kid Brands, Inc. 
 Gross sales for month ended:
                                 

Soft Home US 
 LaJobi 

Sassy 
 International 

Total

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