Document:

PURCHASE ORDER

 

This PURCHASE ORDER and the GENERAL
TERMS AND CONDITIONS (collectively, the Agreement") is made and entered into as of this 4th day of Feb, 2013 ("Effective
Date”), by and between: HARMONIC ENEGY, INC. having its offices at 3rd Floor- 207 Regent Street, London,
United Kingdom, W1B 3HH Canada ("Seller"); and (2) CARBON BLACK SALES, having its offices at 1200- 201
Main St., Fort Worth, TX 76102 ("Buyer"). Seller and Buyer are individually referred to as a "Party"
and collectively referred to as, the "Parties".

 

Buyer desires to purchase a product
to be produced by Seller at the Resource Recovery Facility owned and operated by Seller ("Facility") at any location
where the company does business and operates. Specific locations will be confirmed by the Seller ("Site"), and
Seller desires to sell and supply such goods to Buyer on the terms and conditions set forth in this Agreement. Capitalized terms
have the definitions set forth in Section 1 of the General Terms and Conditions attachment hereto.

 

a. PRODUCT: A refined carbon
black from lyres that has comparable properties to a virgin carbon black ("Product").

 

b. QUALITY: The Product shall
meet or exceed the quality specifications set forth in the specification dated 27th or January 2012 (Appendix A). For
the purpose of establishing commercially acceptable tolerances to the properties listed in the specification the Buyer and Seller
shall accept the same commercial tolerances applied to a comparable class of virgin carbon black sold globally.

 

c. QUANTITY: During the Term
of this Agreement. Seller shall supply and sell, and Buyer shall take or pay for no less than thirty thousand Tonnes (30,000) of
Product pursuant to the terms of the Agreement ("Guaranteed Minimum Annual Take Quantity"). Nothing herein shall
preclude Seller from Delivering quantities of Product in excess of the Guaranteed Minimum Annual Take Quantity In effect at the
time and Buyer agrees to pay the Price for such quantities tendered. The Buyer is not obliged to purchase more than s1xty thousand
(60,000) Tonnes of Product in any twelve month period.

 

d. PRICE: During the Term
of this Agreement. the price per Tonne or Product delivered from Seller to Buyer shall be at 60% below the established Sid Richardson
Carbon Ltd price list for N660 carbon black featured (Appendix A). All payments shall be in United States Dollars ("Price")
is exclusive of any applicable excise duty, taxes and/or VAT at the prevalent rates.

 

e. PAYMENT: The Buyer shall
pay the Seller's Invoice on presentation net thirty (30) days month end.

 

f. TERMS OF DELIVERY: Product
is supplied by the Seller and received by the Buyer only on an Ex-Work basis (EXW), from the Seller's Site.

 

g. TERM OF AGREEMENT: The
term of this Agreement shall be ten (10) years from the date of initial Delivery of Product by Seller.

 

h. RISK & TITLE: Except
In the case of improper rejection (See Section 11. General Terms and Conditions), both title and risk of loss to Product shall
pass from Seller to Buyer upon loading into the Buyer's transportation vehicle.

 

i. EXCLUSIVITY: The Seller
covenants and agrees to sell all Product produced at the Facility exclusively to the Buyer. The Buyer covenants and agrees not
to purchase trade or process any other carbon product produced from tyres or scrap rubber, other than Sellers, during the term
of this Agreement, without the written consent of Seller whose consent shall not be unreasonably withheld In the event of the Buyer
purchasing a third party's carbon product, with the Sellers consent, the price paid by the Buyer shall always be lower than the
price detailed In this agreement.

 

j. CONDITIONS PRECEDENT: The Seller shall have an
operational Facility In commercial operation within three (3) years of the date of this Agreement. The Seller shall notify the
Buyer ninety (90) days in writing before the initial Delivery of Product.

    	1

    	 

    
k. TERMINATION: Buyer may
terminate the agreement if Seller is unable to produce the Product for a period of forty five (45) consecutive days after the initial
Delivery of Product. Seller may term1nate agreement if Buyer is unable to take delivery of Product for a period of ten (10) consecutive
days.

 

l. INSURANCE: Seller will
maintain the required site Insurance consistent with its operating requirements. Buyer is responsible for Insurance upon Delivery
as described in this agreement.

 

m. ASSIGNMENT: Seller shall
have the right to assign the Agreement in whole or In part to affiliates, financing partners and lenders as required without the
consent of the buyer. The Seller shall not assign the Agreement to any direct competitor of the Buyers. Each assignee must accept
the terms and conditions of this Agreement in its entirety

 

m. DISPUTE RESOLUTION: Dispute
resolution by arbitration

 

n. CONFIDENTIALITY: The Parties
agree to maintain Information related to the Agreement confidential

 

o. ANNOUNCEMENTS: The Parties
agree to make no announcements or press releases without the written consent of the other Party

 

p. BOOKS & RECORDS: Seller
will maintain books and records related to this Agreement

 

q. ADDITIONAL PRODUCTION:
In the event of the Seller establishing more Facilities, the Seller shall give Buyer first option on the additional Product, on
terms to be agreed.

 

r. APPLICABLE LAW: This Agreement
shall be construed and enforced under the laws of England and Wales.

 

s. REPRESENTATIVES:

 

	SELLER:	BUYER:
	Harmonic Energy Inc	Carbon Black Sales
	(see preamble for address)	(see preamble for address)
	Contact: Mr. Jamie Mann	Contact: Mr. Allen King
	Tel: +44 2076177300	Tel: +1 8177106144

 

	HARMONIC ENERGY INC	CARBON BLACK SALES
	By: /s/ Hiroyasu Tanaka	By: /s/Allen King
	Name: Hiroyasu Tanaka	Name: Allan King
	Title: Vice President	Title: President
	Date: Feb 19/2013	Date: Feb 4/2013

 

    	2exhibit101amendno1tocreditag

EXHIBIT 10.1
EXECUTION VERSION

AMENDMENT NO. 1
AMENDMENT NO. 1, dated as of February 21, 2013 (this “Amendment”), to the Credit Agreement dated as of January 31, 2012 (as amended, supplemented, amended and restated or otherwise modified from time to time) (the “Credit Agreement”) among PRESTIGE BRANDS HOLDINGS, INC., a Delaware corporation (“Holdings”), PRESTIGE BRANDS, INC., a Delaware corporation (the “Borrower”), the other Guarantors from time to time party thereto, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), CITIBANK, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) and the other Agents named therein.  Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.
WHEREAS, Section 10.01 of the Credit Agreement permits amendment of the Credit Agreement with consent of the Administrative Agent, the Borrower and the Lenders providing the relevant replacement term loan tranche to permit the refinancing of all outstanding Term Loans of any Class with a replacement term loan tranche thereunder;
WHEREAS, pursuant to the fourth paragraph of Section 10.01 of the Credit Agreement, the Borrower desires to create a new Class of Term B-1 Loans under the Credit Agreement having identical terms with, having the same rights and obligations under the Loan Documents as and in the same aggregate principal amount as the Term B Loans, as set forth in the Credit Agreement and Loan Documents, except as such terms are amended hereby;
WHEREAS, each Term Lender that executes and delivers a consent to this Amendment substantially in the form of Exhibit A hereto (a “Consent”) and checks “Cashless Settlement Option” on such Consent shall be deemed, upon effectiveness of this Amendment, to have exchanged all (or such lesser amount allocated to it by the Arrangers) of its Term B Loans for Term B-1 Loans, and such Lender shall thereafter become a Term B-1 Lender;
WHEREAS, each Person that executes and delivers a joinder to this Amendment substantially in the form of Exhibit B hereto (a “Joinder”) as an Additional Term B-1 Lender will make Term B-1 Loans in the amount set forth on the signature page of such Person’s Joinder on the effective date of this Amendment to the Borrower, the proceeds of which will be used by the Borrower to repay in full the outstanding principal amount of Non-Exchanged Term B Loans (as defined herein);
WHEREAS, the Borrower shall pay to each Term Lender immediately prior to the effectiveness of this Amendment all accrued and unpaid interest on its Term B Loans to, but not including, the date of effectiveness of this Amendment;

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WHEREAS, the Loan Parties and Required Lenders wish to make certain other amendments set forth in Section 2 below pursuant to amendments authorized by Section 10.01 of the Credit Agreement;
NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
Section 1.Amendments Relating to Term B-1 Loans.
Effective as of the Amendment No. 1 Effective Date, the Credit Agreement is hereby amended as follows:
(a)The following defined terms shall be added to Section 1.01 of the Credit Agreement in alphabetical order:
“Additional Term B-1 Commitment” means, with respect to any Person, the commitment of such Person to make an Additional Term B-1 Loan on the Amendment No. 1 Effective Date, in the amount set forth on the joinder agreement of such Additional Term B-1 Lender to Amendment No. 1.  The aggregate amount of the Additional Term B-1 Commitments of all such Persons shall equal the outstanding aggregate principal amount of Non-Exchanged Term B Loans.
“Additional Term B-1 Lender” means a Person with an Additional Term B-1 Commitment to make Additional Term B-1 Loans to the Borrower on the Amendment No. 1 Effective Date, which for the avoidance of doubt may be an existing Term Lender.
“Additional Term B-1 Loan” means a Loan that is made pursuant to Section 2.01(b)(ii) of the Credit Agreement on the Amendment No. 1 Effective Date. 
“Amendment No. 1” means Amendment No. 1 to this Agreement dated as of February 21, 2013.
“Amendment No. 1 Effective Date” means February 21, 2013, the date on which all conditions precedent set forth in Section 4 of Amendment No. 1 are satisfied.
“Exchanged Term B Loans” means each Term B Loan (or portion thereof) as to which the Lender thereof has consented pursuant to a Consent (as defined in Amendment No. 1) to exchange into a Term B-1 Loan via cashless settlement and the Arrangers have allocated into a Term B-1 Loan.  The aggregate principal amount of Exchanged Term B Loans on the Amendment No. 1 Effective Date is $389,270,635.03.

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“Non-Exchanged Term B Loan” means each Term B Loan (or portion thereof) other than an Exchanged Term B Loan.  The aggregate principal amount of Non-Exchanged Term B Loans on the Amendment No. 1 Effective Date is $65,229,364.97.
“Term B-1 Commitment” means, with respect to a Term Lender, the agreement of such Term Lender to exchange the entire principal amount of its Term B Loans (or such lesser amount allocated to it by the Arrangers) for a principal amount of Term B-1 Loans equal to such entire principal amount (or such lesser amount) on the Amendment No. 1 Effective Date.
“Term B-1 Loan” means, collectively: (i) each Exchanged Term B Loan and (ii) from and after the making thereof pursuant to Section 2.01(b)(ii), each Additional Term B-1 Loan.
(b)All references to “Term B Loan” and “Term B Commitment” in the Credit Agreement and the Loan Documents shall be deemed to be references to “Term B-1 Loan” and “Term B-1 Commitment,” respectively (other than any such references contained in (i) the introductory paragraphs to the Credit Agreement, (ii) the definition of “Transactions”, (iii) Amendment No. 1, (iv) Section 2.06, (v) Section 7.10 and (vi) Section 10.07(b)(i)(A)(i)(y)).
(c)The definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:
“Applicable Rate” means a percentage per annum equal to (A) for Eurocurrency Rate Loans 2.75% and (B) for Base Rate Loans, 1.75%.
(d)The definition of “Base Rate” in Section 1.01 of the Credit Agreement is hereby amended by deleting “2.25%” in the proviso to the first sentence thereof and replacing it with “2.00%”.
(e)The definition of “Eurocurrency Rate” in Section 1.01 of the Credit Agreement is hereby amended by deleting “1.25%” in the proviso and replacing it with “1.00%”.
(f)The definition of “Loan Documents” in Section 1.01 of the Credit Agreement is hereby amended by deleting the word “and” prior to clause (v) thereof and replacing it with a comma and adding immediately prior to the period therein “and (vi) amendments and joinders to this Agreement”.
(g)Section 2.01 of the Credit Agreement is hereby amended by designating the existing text as paragraph (a) and adding the following paragraph (b) to such Section:
“(b)    (i) Subject to the terms and conditions hereof and of Amendment No. 1, each Term Lender severally agrees to exchange its 

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Exchanged Term B Loans for a like principal amount of Term B-1 Loans on the Amendment No. 1 Effective Date, and hereby authorizes and instructs the Administrative Agent to delete its entry for such Term Lender’s Term B Loans in the Register and substitute such entry with such Term B-1 Loans of such Term Lender.
(ii)  Subject to the terms and conditions hereof and of Amendment No. 1, each Additional Term B-1 Lender severally agrees to make an Additional Term B-1 Loan to the Borrower on the Amendment No. 1 Effective Date in the principal amount equal to its Additional Term B-1 Commitment on the Amendment No. 1 Effective Date.  The Borrower shall prepay the Non-Exchanged Term B Loans with a like amount of the gross proceeds of the Additional Term B-1 Loans, concurrently with the receipt thereof.
(iii)  The Borrower shall pay to the Term Lenders immediately prior to the effectiveness of Amendment No. 1 all accrued and unpaid interest on the Term Loans to, but not including, the Amendment No. 1 Effective Date on such Amendment No. 1 Effective Date.
(iv)  The Term B-1 Loans shall have the same terms as the Term B Loans as set forth in the Credit Agreement and Loan Documents before giving effect to Amendment No. 1, except as modified by Amendment No. 1; it being understood that the Term B-1 Loans (and all principal, interest and other amounts in respect thereof) will constitute “Obligations” under the Credit Agreement and the other Loan Documents and shall have the same rights and obligations under the Credit Agreement and Loan Documents as the Term B Loans prior to the Amendment No. 1 Effective Date.”
(h)Sections 2.05(a)(iv) and 2.05(b)(v)(B) of the Credit Agreement shall hereby be amended by adding the following at the end of each such Section: “; provided that, for the avoidance of doubt, the prepayments of Loans occurring on the Amendment No. 1 Effective Date shall not be deemed a “prepayment” for purposes of this clause”. 
(i)Section 2.06 of the Credit Agreement is hereby amended by adding the following sentence to the end of such Section:
“The Term B-1 Commitment of each Additional Term B-1 Lender shall be automatically terminated on the Amendment No. 1 Effective Date upon the borrowing of the Additional Term B-1 Loans on such date.”

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(j)Section 2.07 of the Credit Agreement is hereby amended by adding the following immediately prior to the “(A)” appearing therein: “(which Appropriate Lenders shall, for the avoidance of doubt, constitute the Lenders holding Term B-1 Loans)”.
(k)Section 7.10 of the Credit Agreement is hereby amended by adding the following as a new paragraph to such Section:
“Use the proceeds of all Term B-1 Loans for any purpose other than to refinance the Term B Loans.”
Section 2.Other Amendments to Credit Agreement.
Effective as of the Amendment No. 1 Effective Date, the Required Lenders after giving effect to the exchange of Term B Loans into Term B-1 Loans and the borrowing of the Additional Term B-1 Loans hereby agree as follows:
(a)    The definition of “Repricing Transaction” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:
“Repricing Transaction” means the prepayment, refinancing, substitution or replacement of all or a portion of the Term B-1 Loans with the incurrence by Holdings, the Borrower or any Subsidiary of any new or replacement tranche of term loans having an effective yield (with the comparative determinations to be made by the Administrative Agent consistent with generally accepted financial practices, after giving effect to, among other factors, margin, interest rate floors, upfront or similar fees or original issue discount shared with all providers of such financing, but excluding the effect of any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared with all providers of such financing, and without taking into account any fluctuations in the Eurocurrency Rate (other than due to the last proviso of the definition thereof)) that is less than the effective yield (as determined by the Administrative Agent on the same basis) of such Term B-1 Loans so repaid, refinanced, substituted or replaced (excluding any new or replacement term loans incurred in connection with a Change of Control), including without limitation, as may be effected through any amendment to this Agreement relating to the interest rate for, or weighted average yield of, such Term B-1 Loans or the incurrence of any Replacement Term Loans.
(b)    Section 2.05(a) of the Credit Agreement is hereby amended by deleting subclause (vi) thereof in its entirety and replacing it with the following:
“(vi) Notwithstanding the foregoing, in the event that, on or prior to the one year anniversary after the Amendment No. 1 Effective Date, the Borrower (x) prepays, refinances, substitutes or replaces any Term B-1 Loans pursuant to a Repricing Transaction (including, for avoidance of doubt, any prepayment made 

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pursuant to Section 2.05(b)(iii) that constitutes a Repricing Transaction), or (y) effects any amendment of this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each of the applicable Term Lenders, (I) in the case of clause (x), a prepayment premium of 1.00% of the aggregate principal amount of the Term B-1 Loans so prepaid, refinanced, substituted or replaced and (II) in the case of clause (y), a fee equal to 1.00% of the aggregate principal amount of the applicable Term B-1 Loans outstanding immediately prior to such amendment.  Such amounts shall be due and payable on the date of effectiveness of such Repricing Transaction.”
(c)    Section 7.13(a)(iv) of the Credit Agreement is hereby amended by deleting the amount “$50,000,000” and replacing it with the amount “$100,000,000.”
(d)    Section 10.07(b)(i)(A) of the Credit Agreement is hereby amended by deleting the word “or” prior to clause (iii) of the proviso of such section and replacing it with a comma and adding immediately prior to the semicolon therein “or (iv) prior to the date that is 90 days after the Amendment No. 1 Effective Date, assignments made by the Additional Term B-1 Lender or any of its affiliates in connection with the primary allocation of the Term B-1 Loans.” 
(e)    Section 10.07(b)(ii)(C) of the Credit Agreement is hereby amended by adding the following at the end of such section “; provided further that the requirements of this Section 10.07(b)(ii)(C) shall not apply to assignments made by the Additional Term B-1 Lender or any of its affiliates prior to the date that is 90 days after the Amendment No. 1 Effective Date in connection with the primary allocation of the Term B-1 Loans.”
Section 3.Representations and Warranties.
The Borrower and each Subsidiary Guarantor represents and warrants to the Lenders as of the date hereof and the Amendment No. 1 Effective Date that:
(a)    Before and after giving effect to this Amendment, the representations and warranties of the Borrower and each Subsidiary Guarantor contained in Article V of the Credit Agreement or any other Loan Document shall be true and correct in all material respects on and as of the date hereof with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date; provided, further, that, any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective date. 
(b)    At the time of and after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.

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Section 4.Conditions to Effectiveness.
This Amendment shall become effective on the date on which each of the following conditions is satisfied:
(a)    The Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles or electronic copies (followed promptly by originals) unless otherwise specified:
(1)counterparts of this Amendment executed by (A) each Loan Party and (B) the Administrative Agent;
(2)Consents executed by the Required Lenders; and
(3)a Note executed by a Responsible Officer of the Borrower in favor of each Lender requesting a Note at least two (2) Business Days prior to the Amendment No. 1 Effective Date, if any.
(4)an opinion of Kirkland & Ellis LLP, New York counsel to the Loan Parties, dated the Amendment No. 1 Effective Date and addressed to each Arranger, the Administrative Agent and the Lenders, substantially in the form previously provided to the Administrative Agent;
(5)(A) a certificate as to the good standing of each Loan Party as of a recent date, from the Secretary of State of the state of its organization or a similar Governmental Authority and (B) a certificate of a Responsible Officer of each Loan Party dated the Amendment No. 1 Effective Date and certifying (I) to the effect that (w) attached thereto is a true and complete copy of the certificate or articles of incorporation or organization such Loan Party certified as of a recent date by the Secretary of State of the state of its organization, or in the alternative, certifying that such certificate or articles of incorporation or organization have not been amended since the Closing Date, and that such certificate or articles are in full force and effect, (x) attached thereto is a true and complete copy of the by-laws or operating agreements of each Loan Party as in effect on the Amendment No. 1 Effective Date, or in the alternative, certifying that such by-laws or operating agreements have not been amended since the Closing Date and (y) attached thereto is a true and complete copy of resolutions duly adopted by the board of directors, board of managers or member, as the case may be, of each Loan Party authorizing the execution, delivery and performance of the Loan Documents to which such Loan Party is a party, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, and (II) as to the incumbency and specimen signature of each officer executing any Loan Document on behalf of any Loan Party and signed by another officer as to the 

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incumbency and specimen signature of the Responsible Officer executing the certificate pursuant to this clause (B); and
(6)a certificate signed by a Responsible Officer of the Borrower certifying as to the satisfaction of the conditions set forth in paragraphs (e) and (f) of this Section 4 and that the Term B-1 Loans meet the requirements and conditions to be Replacement Term Loans.
(b)    Receipt of Consents from Term Lenders and/or receipt of a Joinder executed by one or more Additional Term B-1 Lenders such that the aggregate principal amount of the Exchanged Term B Loans plus the aggregate principal amount of the Additional Term B-1 Commitments shall equal the aggregate principal amount of the outstanding Term B Loans immediately prior to the effectiveness of this Amendment.
(c)    The Borrower shall have paid to the Administrative Agent, for the ratable account of the Term Lenders immediately prior to the Amendment No. 1 Effective Date, all accrued and unpaid interest on the Term B Loans to, but not including, the Amendment No. 1 Effective Date on the Amendment No. 1 Effective Date.
(d)    All fees and expenses due to the Administrative Agent, the Arrangers and the Lenders (including, without limitation, pursuant to Section 6 hereof) required to be paid on the Amendment No. 1 Effective Date shall have been paid. 
(e)    No Default shall exist, or would result from the Amendment and related Credit Extension or from the application of the proceeds therefrom.
(f)    The representations and warranties of the Borrower and each Subsidiary Guarantor contained in Article V of the Credit Agreement and Section 3 of this Amendment or any other Loan Document shall be true and correct in all material respects on and as of the date hereof with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date; provided, further, that, any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective date. 
(g)    To the extent reasonably requested by an Additional Term B-1 Lender in writing not less than five (5) Business Days prior to the Amendment No. 1 Effective Date, the Administrative Agent shall have received, prior to the effectiveness of this Amendment, all documentation and other information with respect to the Borrower required by regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including without limitation the PATRIOT Act.

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(h)    The Administrative Agent shall have received a Request for Credit Extension not later than 1:00 p.m. (New York time) on the Business Day prior to the date of the proposed Credit Extension.
The Administrative Agent shall notify the Borrower and the Lenders of the Amendment No. 1 Effective Date and such notice shall be conclusive and binding.
Section 5.Waivers.
The Required Lenders and Administrative Agent agree that the Borrower may deliver a Request for Credit Extension pursuant to Section 4.02 of the Credit Agreement not later than 1:00 p.m. on the Business Day prior to the date of the proposed Credit Extension (in lieu of three Business Days).  The Required Lenders and Administrative Agent waive the requirement for delivery of a Prepayment Notice pursuant to Section 2.05 of the Credit Agreement.  The Lenders party hereto waive the payment of any breakage loss or expense under Section 3.05 of the Credit Agreement in connection with the exchange of Term B Loans into Term B-1 Loans.  The Lenders party hereto and the Administrative Agent consent to an Interest Period beginning on the Amendment No. 1 Effective Date and ending on February 28, 2013 in respect of the Eurocurrency Rate Borrowing incurred on the Amendment No. 1 Effective Date under the Term B-1 Loans.
Section 6.Expenses.
The Borrower agrees to reimburse the Administrative Agent for its reasonable and documented out-of-pocket expenses incurred by them in connection with this Amendment, including the reasonable fees, charges and disbursements of Cahill Gordon & Reindel LLP, counsel for the Administrative Agent.
Section 7.Counterparts.
This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile transmission or electronic transmission shall be effective as delivery of a manually executed counterpart hereof.
Section 8.Governing Law and Waiver of Right to Trial by Jury.
THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.  The jurisdiction and waiver of right to trial by jury provisions in Section 10.15 and 10.16 of the Credit Agreement are incorporated herein by reference mutatis mutandis.  

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Section 9.Headings.
The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.
Section 10.Reaffirmation.
Each Loan Party hereby expressly acknowledges the terms of this Amendment and reaffirms, as of the date hereof, (i) the covenants and agreements contained in each Loan Document to which it is a party, including, in each case, such covenants and agreements as in effect immediately after giving effect to this Amendment and the transactions contemplated hereby and (ii) its guarantee of the Obligations (including, without limitation, in respect of the Term B-1 Loans) under the Guaranty, as applicable, and its grant of Liens on the Collateral to secure the Obligations (including, without limitation, in respect of the Term B-1 Loans) pursuant to the Collateral Documents. 
Section 11.Effect of Amendment.
Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agents under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  For the avoidance of doubt, on and after the Amendment No. 1 Effective Date, this Amendment shall for all purposes constitute a Loan Document.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.
	
	
	PRESTIGE BRANDS HOLDINGS, INC., as Holdings and a Guarantor

	 

	By:   /s/ Ron Lombardi

	Name: Ronald M. Lombardi

	Title:   Chief Financial Officer and Treasurer

	
	
	PRESTIGE BRANDS, INC., as Borrower

	 

	By:     /s/ Ron Lombardi

	Name: Ronald M. Lombardi

	Title:   Chief Financial Officer and Treasurer

	
	
	BLACKSMITH BRANDS, INC.

	MEDTECH HOLDINGS, INC.

	MEDTECH PRODUCTS INC.

	PRESTIGE BRANDS HOLDINGS, INC.

	PRESTIGE BRANDS INTERNATIONAL, INC.

	PRESTIGE PERSONAL CARE HOLDINGS, INC.

	PRESTIGE PERSONAL CARE, INC.

	PRESTIGE SERVICES CORP.

	THE CUTEX COMPANY

	THE DENOREX COMPANY

	THE SPIC AND SPAN COMPANY,
as Subsidiary Guarantors

	 

	By:       /s/ Ron Lombardi

	Name: Ronald M. Lombardi

	Title:   Chief Financial Officer

[SIGNATURE PAGE TO AMENDMENT NO.1]

	
	
	CITIBANK, N.A., as Administrative Agent

	 

	By:  /s/ Monique Renta

	Name: Monique Renta

	Title: Vice President

 
     

 
     
    

[SIGNATURE PAGE TO AMENDMENT NO.1]

Exhibit A

CONSENT TO AMENDMENT NO. 1
CONSENT TO AMENDMENT NO. 1 (this “Consent”) to Amendment No. 1 (“Amendment”) to that certain Credit Agreement, dated as of January 31, 2012 (the “Credit Agreement”), by and among PRESTIGE BRANDS HOLDINGS, INC., a Delaware corporation (“Holdings”), PRESTIGE BRANDS, INC., a Delaware corporation (the “Borrower”), the other Guarantors from time to time party thereto, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), CITIBANK, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) and the other Agents named therein.  Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.
Existing Term Lenders
The undersigned Term Lender hereby irrevocably and unconditionally approves the Amendment and consents as follows (check ONE option):
Cashless Settlement Option
to convert 100% of the outstanding principal amount of the Term B Loan held by such Lender (or such lesser amount allocated to such Lender by the Arrangers) into a Term B-1 Loan in a like principal amount. 
Post-Closing Settlement Option
to have 100% of the outstanding principal amount of the Term B Loan held by such Lender prepaid on the Amendment No. 1 Effective Date and purchase by assignment a principal amount of Term B-1 Loans committed to separately by the undersigned (or such lesser amount allocated to such Lender by the Arrangers).

IN WITNESS WHEREOF, the undersigned has caused this Consent to be executed and delivered by a duly authorized officer.
Date:  February __, 2013
________________________________________, 
as a Lender (type name of the legal entity)
By:    _____________________________
Name:    
Title:    

If a second signature is necessary:
By:    _____________________________
Name:    
Title:

 

EXHIBIT B

JOINDER AGREEMENT
JOINDER AGREEMENT, dated as of February 21, 2013 (this “Agreement”), by and among [ADDITIONAL TERM B-1 LENDER] (each, an “Additional Term B-1 Lender” and, collectively, the “Additional Term B-1 Lenders”), PRESTIGE BRANDS, INC. (the “Borrower”), and CITIBANK, N.A. (the “Administrative Agent”).
RECITALS:
WHEREAS, reference is hereby made to the Credit Agreement, dated as of January 31, 2012 and amended by Amendment No. 1 dated as of February 21, 2013 (“Amendment No.1”) (as further amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among PRESTIGE BRANDS HOLDINGS, INC., a Delaware corporation (“Holdings”), the Borrower, the other Guarantors from time to time party thereto, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), CITIBANK, N.A., as Administrative Agent and the other Agents named therein (capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement or Amendment No. 1, as applicable);
WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrowers may establish Additional Term B-1 Commitments (the “Additional Term B-1 Commitments”) with existing Term Lenders and/or Additional Term B-1 Lenders; and
WHEREAS, subject to the terms and conditions of the Credit Agreement, Additional Term B-1 Lenders shall become Lenders pursuant to one or more Joinders;
NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained, the parties hereto agree as follows:
Each Additional Term B-1 Lender hereby agrees to provide the Additional Term B-1 Commitment set forth on its signature page hereto pursuant to and in accordance with Section 2.01(b) of the Credit Agreement.  The Additional Term B-1 Commitments provided pursuant to this Agreement shall be subject to all of the terms in the Credit Agreement and to the conditions set forth in the Credit Agreement, and shall be entitled to all the benefits afforded by the Credit Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests created by the Collateral Documents.  For the avoidance of doubt, each Additional Term B-1 Lender hereby consents to Amendment No.1 to the Credit Agreement.
Each Additional Term B-1 Lender, the Borrower and the Administrative Agent acknowledge and agree that the Additional Term B-1 Commitments provided pursuant to this Agreement shall constitute Term B-1 Commitments for all purposes of the Credit Agreement and 

    

the other applicable Loan Documents.  Each Additional Term B-1 Lender hereby agrees to make an Additional Term B-1 Loan to the Borrower in an amount equal to its Additional Term B-1 Commitment on the Amendment No. 1 Effective Date in accordance with Section 2.01(b) of the Credit Agreement.
Each Additional Term B-1 Lender (i) confirms that it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement; (ii) agrees that it will, independently and without reliance upon the Administrative Agent, the Arrangers or any other Additional Term B-1 Lender or any other Lender or Agent 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; (iii) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto; and (iv) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender.
Upon (i) the execution of a counterpart of this Agreement by each Additional Term B-1 Lender, the Administrative Agent and the Borrower and (ii) the delivery to the Administrative Agent of a fully executed counterpart (including by way of telecopy or other electronic transmission) hereof, each of the undersigned Additional Term B-1 Lenders shall become Lenders under the Credit Agreement and shall have the respective Additional Term B-1 Commitment set forth on its signature page hereto, effective as of the Amendment No. 1 Effective Date.
For each Additional Term B-1 Lender, delivered herewith to the Administrative Agent are such forms, certificates or other evidence with respect to United States federal income tax withholding matters as such Additional Term B-1 Lender may be required to deliver to the Administrative Agent pursuant to Section 3.01(a) of the Credit Agreement.
This Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.
This Agreement, the Credit Agreement and the other Loan Documents constitute the entire agreement among the parties with respect to the subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties or any of them with respect to the subject matter hereof.

B-2

THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as would be enforceable.
This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement.

B-3

IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Joinder Agreement as of February 21, 2013.
[NAME OF ADDITIONAL TERM B-1 LENDER]
By:    ___________________________
Name:    
Title:    

If a second signature is necessary:
By:    __________________________
Name:    
Title:

Additional Term B-1 Commitments:
$_________________________________
PRESTIGE BRANDS, INC.
By:    _____________________________
Name:    
Title:    

B-4

Accepted: 
 
CITIBANK, N.A., 
as Administrative Agent
		
	By:
	_________________________
Name: 
Title:

B-5

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