Document:

Exhibit 10.53

 Exhibit 10.53 
 Grant No.                      

 

					
		 	 ̈	  	Participant’s Copy
			
		 	 ̈	  	Company’s Copy

 ARBITRON INC. 

2008 EQUITY COMPENSATION PLAN 

DIRECTOR STOCK UNIT AGREEMENT 

To                     : 

Arbitron Inc. (the “Company”) has granted you (the “Grant”) either Restricted Stock Units
(“RSUs”) or Deferred Stock Units (“DSUs”) as set forth on Exhibit A to this Agreement (the “Units”) under its 2008 Equity Compensation Plan (the “Plan”). 

The Grant is subject in all respects to the applicable provisions of the Plan. This Agreement does not cover all of the rules that apply
to the Grant under the Plan, and the Plan defines any capitalized terms in this Agreement that this Agreement does not define. 

In addition to the Plan’s terms and restrictions, the following terms and restrictions apply: 

 

			
	Vesting Schedule	  	[USE FOR THE INITIAL GRANT: The Grant vests in three equal installments over a three-year period such that one-third of the Grant will be scheduled to vest on the first
anniversary of the Grant Date set forth on Exhibit A, one-third will be scheduled to vest on the second anniversary of the Grant Date, and the final one-third will be scheduled to vest on the third anniversary of the Grant Date (each such date
referred to herein as a “Vesting Date”), in each case subject to your remaining a director through the applicable Vesting Date.]
		
		  	[USE FOR THE ANNUAL GRANT: The Grant will be scheduled to vest in one installment on the first anniversary of the Grant Date set forth on Exhibit A (the “Vesting
Date”) subject to your remaining a director through the applicable Vesting Date. Notwithstanding the foregoing, if you terminate your service as a director voluntarily for any reason or the Company terminates your service as a director for any
reason other than Cause, you will vest in a pro-rata portion of the Grant as of the date of your termination and such date shall be deemed the “Vesting Date” for purposes of this Agreement. The pro-rated amount described in the preceding
sentence will be determined by multiplying the total number of Units subject to the Grant by a fraction the numerator of which is the number of calendar days that have elapsed since the Grant Date up to the date of your termination as a director and
the denominator of which is 365. For this purpose, “Cause” will mean (i) dishonesty, fraud, misrepresentation, theft, embezzlement or injury or attempted injury, in each case related to the Company or any Subsidiary, (ii) any
unlawful or criminal activity of a serious nature, (iii) any breach of duty, habitual neglect of duty or unreasonable job performance, or (iv) any material breach of any employment, service, confidentiality or noncompete agreement entered
into with the Company or any Subsidiary.]
		
		  	[USE FOR GRANTS MADE IN LIEU OF ANNUAL RETAINER AND MEETING FEES: The Grant is one hundred percent (100%) vested as of the Grant Date set forth on Exhibit A (the
“Vesting Date”).]

  
 - 1 -

			
	Distribution Date	  	You will receive a distribution of shares (the “Shares”) of Company common stock (“Common Stock”) equivalent to the vested portion of
your Units as indicated on Exhibit A, the “Distribution Date,” subject to any overriding provisions in the Plan.
		
	Limited Status	  	You understand and agree that the Company will not consider you a shareholder for any purpose with respect to the Shares, unless and until the Shares have been issued to you on the
Distribution Date(s). You will, however, receive dividend equivalents (“Dividend Equivalent Rights”) with respect to the Units, measured using the Shares they represent, with the amounts convertible into full or fractional
additional Units based on dividing the dividends by the Fair Market Value (as defined in the Plan) as of the date of dividend distribution and holding the resulting additional Units for distribution as provided for the other Units.
		
	Voting	  	Units cannot be voted. You may not vote the Shares unless and until the Shares are distributed to you.
		
	Transfer Restrictions	  	You may not sell, assign, pledge, encumber, or otherwise transfer any interest (“Transfer”) in the Shares until the Shares are distributed to
you.
		
		  	Any attempted Transfer that precedes the Distribution Date for such Shares is invalid.
		
	Additional Conditions to Receipt	  	 The Company may postpone issuing and delivering any Shares for so long as the Company determines to be advisable to satisfy the
following:
  
 its completing or amending any securities
registration or qualification of the Shares or its or your satisfying any exemption from registration under any Federal or state law, rule, or regulation;
  

its receiving proof it considers satisfactory that a person or entity seeking to receive the Shares after your death is entitled to do
so;
  
 your complying with any requests for
representations under the Grant and the Plan; and
  
 its
or your complying with any federal, state, or local tax withholding obligations.

		
	Taxes and Withholding	  	The Units are not taxable to you until you actually receive Shares on or around each Distribution Date. You will then owe taxes at ordinary income tax rates as of each Distribution
Date at the Shares’ value.
		
		  	If you become employed by the Company before a Distribution Date, the Company will be required to withhold (in cash from salary or other amounts owed you) the applicable percentage
of the value of the Shares on the Distribution Date. If the Company does not choose to do so, you agree to arrange for payment of the withholding taxes and/or confirm that the Company is arranging for appropriate withholding.
		
	Additional Representations from You	  	 If you receive Shares at a time when the Company does not have a current registration statement (generally on Form S-8) under the Act
that covers issuance of Shares to you, you must comply with the following before the Company will release the Shares to you. You must:
  

represent to the Company, in a manner satisfactory to the Company’s counsel, that you are acquiring the Shares for your own
account and not with a view to reselling or distributing the Shares; and

  
 - 2 -

			
		  	 agree that you will not sell, transfer, or otherwise dispose of the Shares unless:

		
		  	 a registration statement under the Act is effective at the time of disposition with respect to the Shares you propose to sell, transfer, or otherwise
dispose of; or

		
		  	 the Company has received an opinion of counsel or other information and representations it considers satisfactory to the effect that, because of Rule
144 under the Act or otherwise, no registration under the Act is required.

		
	Additional Restriction	  	You will not receive the Shares if issuing the Shares would violate any applicable federal or state securities laws or other laws or regulations.
		
	No Effect on Service Providing Relationship	  	Nothing in this Agreement restricts the Company’s rights or those of any of its affiliates to terminate your service on the Company’s Board of Directors or other
relationship at any time, with or without cause. The termination of your relationship, whether by the Company or any of its affiliates or otherwise, and regardless of the reason for such termination, has the consequences provided for under the
Plan.
		
	No Effect on Running Business	  	You understand and agree that the existence of the Unit will not affect in any way the right or power of the Company or its stockholders to make or authorize any adjustments,
recapitalizations, reorganizations, or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issuance of bonds, debentures, preferred or other stock, with preference ahead of or
convertible into, or otherwise affecting the Company’s common stock or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or
proceeding, whether or not of a similar character to those described above.
		
	Section 409A	  	[USE FOR THE INITIAL GRANT: The Units and this Agreement are intended to be exempt from Section 409A of the Internal Revenue Code in accordance with the “short-term
deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations. The Company makes no representations or warranty and shall have no liability to you or any other person, if any provisions of or payments under this Agreement are
determined to constitute deferred compensation subject to Code Section 409A but not to satisfy the conditions of that section.]
		
		  	[USE FOR THE ANNUAL GRANT AND ANY GRANTS MADE IN LIEU OF ANNUAL RETAINER AND MEETING FEES: The Units and this Agreement are intended to comply with the requirements of
Section 409A of the Internal Revenue Code and this Agreement must be construed consistently with that section. Notwithstanding anything in the Plan or this Agreement to the contrary, if (x) you are a “specified employee” within the
meaning of Section 409A at the time of your separation from service (as determined by the Company, by which determination you agree you are bound) and (y) the payment under the Units will result in the imposition of additional tax under Section 409A
if paid to you within the six month period following your separation from service, then the payment under such accelerated Units will not be made until the earlier of (i) the date six months and one day following the date of your separation from
service or (ii) the 10th day after your date of death, and
will be paid within 10 days thereafter. Neither the Company nor you shall have the right to defer the delivery of any such payments or benefits except to the extent specifically permitted or required by Section 409A. In addition, neither the Company
nor you shall have the right to accelerate the delivery of any such payments or benefits except to the extent specifically permitted or required by Section 409A. In any event, the Company makes no representations
or

  
 - 3 -

			
		  	warranty and shall have no liability to you or any other person, if any provisions of or payments under this Agreement are determined to constitute deferred compensation subject to
Code Section 409A but not to satisfy the conditions of that section.]
		
	Unsecured Creditor	  	This Agreement creates a contractual obligation on the part of the Company to make payment under the Units credited to your account at the time provided for in this Agreement.
Neither you nor any other party claiming an interest in the compensation hereunder, whether deferred or not, shall have any interest whatsoever in any specific assets of the Company. Your right to receive payments hereunder is that of an unsecured
general creditor of Company.
		
	Governing Law	  	The laws of the State of Delaware will govern all matters relating to this Agreement, without regard to the principles of conflict of laws.
		
	Notices	  	Any notice you give to the Company must follow the procedures then in effect. If no other procedures apply, you must send your notice in writing by hand or by mail to the office of
the Company’s Secretary. If mailed, you should address it to the Company’s Secretary at the Company’s then corporate headquarters, unless the Company directs participants to send notices to another corporate department or to a third
party administrator or specifies another method of transmitting notice. The Company and the Administrator will address any notices to you at your office or home address as reflected on the Company’s business records. You and the Company may
change the address for notice by like notice to the other, and the Company can also change the address for notice by general announcements to participants.
		
	Plan Governs	  	Wherever a conflict may arise between the terms of this Agreement and the terms of the Plan, the terms of the Plan will control.

  

									
		 		 		 		 	 ARBITRON INC.

					
	Date:	 	  
	 		 	By:	 	  

  
 - 4 -

 ACKNOWLEDGMENT 

I acknowledge I received a copy of the Plan. I represent that I have read and am familiar with the Plan’s terms. I accept the Grant
subject to all of the terms and provisions of this Agreement and of the Plan under which the Grant is made, as the Plan may be amended in accordance with its terms. I agree to accept as binding, conclusive, and final all decisions or interpretations
of the Administrator concerning any questions arising under the Plan with respect to the Grant. 
  

									
	Date:	 	  
	 		 	  

					
		 		 		 	Name:	 	  

 NO ONE MAY SELL, TRANSFER,
OR DISTRIBUTE THE SECURITIES COVERED BY THE GRANT WITHOUT AN EFFECTIVE
REGISTRATION STATEMENT RELATING THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO
THE COMPANY OR OTHER INFORMATION AND REPRESENTATIONS SATISFACTORY TO THE COMPANY
THAT SUCH REGISTRATION IS NOT REQUIRED. 

  
 - 5 -

 Grant No.
                     

Arbitron Inc. 
 2008 Equity Compensation Plan 
 Stock Unit 

Exhibit A 
 Recipient
Information: 
  

							
	Name:	 	  
	  	
				
	Signature:	 	X	 	  
	  	

 Grant Information: 
  

									
	Units:	 	  
	 		 	Grant Date:	 	  

  

					
	Type of Units:	 	  
	 	Restricted Stock Units
		 	  
	 	Deferred Stock Units

  

			
	Distribution Date(s) for RSUs	  	As your RSUs vest in accordance with the Vesting Schedule, your Distribution Date for such vested RSUs will be a date within 30 days after the Vesting Date for such
RSUs.
		
		  	[USE FOR THE INITIAL GRANT: If a Change in Control Event (as defined in the Plan) occurs before the final Distribution Date, full payment for outstanding RSUs will be made in
connection with the closing of the Change in Control Event. The payment will be in cash (unless the Board determines otherwise) equal to the value per share of the consideration received in the Change in Control Event multiplied by the number of
outstanding RSUs, at which point the RSUs will expire without further obligation to you. The Board will have the authority to value any consideration received in the Change in Control Event to the extent neither cash nor readily marketable
securities.]
		
		  	[USE FOR THE ANNUAL GRANT: If a Change in Control Event (as defined in the Plan) occurs before the Distribution Date and the Change in Control Event also would be an event
described in Treas. Reg. Section 1.409A-3(i)(5), all unvested RSUs will accelerate and full payment for outstanding RSUs will be made in connection with the closing of the Change in Control Event. If the Change in Control Event does not comport with
that regulation, all unvested RSUs will accelerate as of the closing of the Change in Control Event but full payment for RSUs outstanding as of immediately prior to the closing will not be made until the earlier of the first anniversary of the Grant
Date or the date your service with the Company as a director terminates (whether voluntarily or involuntarily). The payment will be in cash (unless the Board determines otherwise) equal to the value per share of the consideration received in the
Change in Control Event multiplied by the number of outstanding RSUs, at which point the RSUs will expire without further obligation to you. The Board will have the authority to value any consideration received in the Change in Control Event to the
extent neither cash nor readily marketable securities.]
		
	Distribution Date for	  	Your Distribution Date for all of your vested DSUs will be a date within 30 days

  
 - 6 -

			
	DSUs	  	after the following (check one):
		
		  	         One (1) year anniversary of the Vesting Date
		
		  	         Three (3) year anniversary of the Vesting Date
		
		  	         Five (5) year anniversary of the Vesting Date
		
		  	         The date you cease to serve as a director of the Company
		
		  	If a Change in Control Event (as defined in the Plan) occurs before the Distribution Date and the Change in Control Event also would be an event described in Treas. Reg. Section
1.409A-3(i)(5), full payment for any outstanding DSUs will be made in connection with the closing of the Change in Control Event. A Change in Control Event that does not comport with that regulation will not affect the payment timing. The payment
will be in cash (unless the Board determines otherwise) equal to the value per share of the consideration received in the Change in Control Event multiplied by the number of outstanding DSUs, at which point the DSUs will expire without further
obligation to you. The Board will have the authority to value any consideration received in the Change in Control Event to the extent neither cash nor readily marketable securities.

  
 - 7 -Amendment No. 1 to Credit Agreement

 Exhibit 10.1 
 Execution Version 
  

 
 AMENDMENT NO 1. TO CREDIT
AGREEMENT 
 Dated as of February 24, 2012 
 among 
 JARDEN CORPORATION, 

as the US Borrower, 
 JARDEN LUX HOLDINGS S.à r.l., JARDEN LUX S.à r.l. and JARDEN LUX FINCO S.à r.l., 
 collectively, as the Luxembourg Borrower, 
 BARCLAYS BANK PLC, 

as Administrative Agent and Collateral Agent, 
 and 
 THE LENDERS AND L/C ISSUERS PARTY HERETO 

 
  

 
 BARCLAYS CAPITAL,

 as Sole Lead Arranger and a Joint Book-Running Manager, 

J.P. MORGAN SECURITIES LLC, SUNTRUST ROBINSON HUMPHREY, INC., 

WELLS FARGO SECURITIES, LLC and DEUTSCHE BANK AG NEW YORK BRANCH, 

as Joint Book-Running Managers, 
 JPMORGAN CHASE BANK, N.A., SUNTRUST BANK, 
 WELLS FARGO BANK, N.A.,
SOVEREIGN BANK, N.A. and HSBC BANK USA, N.A. 
 as Co-Documentation Agents, 

and 
 DEUTSCHE
BANK AG NEW YORK BRANCH, 
 as Syndication Agent 

 AMENDMENT NO. 1 TO CREDIT AGREEMENT 

This AMENDMENT NO. 1 TO CREDIT AGREEMENT, dated as of February 24, 2012 (this “Amendment”), among JARDEN
CORPORATION, a Delaware corporation (the “US Borrower”), JARDEN LUX HOLDINGS S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated under
the laws of the Grand Duchy of Luxembourg, having its registered office at 560A, rue de Neudorf, L-2220 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B 152.067, having a share capital of EUR 35,000, JARDEN LUX
S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 560A, rue de Neudorf,
L-2220 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B 152.079, having a share capital of EUR 17,500 and JARDEN LUX FINCO S.à r.l., a private limited liability company (société à
responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 560A, rue de Neudorf, L-2220 Luxembourg, registered with the Luxembourg Trade and Companies Register under number
B 152.080, having a share capital of EUR 12,500 (collectively, the “Luxembourg Borrower” and, together with the US Borrower, the “Borrowers”), BARCLAYS BANK PLC, as administrative agent and collateral
agent for the Lenders and the L/C Issuers (in such capacities, together with any successor in such capacities, the “Administrative Agent”) and each Lender party hereto, amends certain provisions of the CREDIT AGREEMENT, dated
as of March 31, 2011 (as amended, supplemented, restated and/or otherwise modified from time to time, the “Credit Agreement”), among the Borrowers, the Lenders and the L/C Issuers party thereto from time to time and the
Administrative Agent. 
 Unless otherwise specified herein, all capitalized terms used in this Amendment shall have the meanings
ascribed to such terms in the Credit Agreement. 
 WITNESSETH: 

WHEREAS, pursuant to, and subject to the terms and conditions of, Section 2.01(c) (Facilities Increase) of the Credit
Agreement, the Borrower Representative has requested on behalf of the US Borrower pursuant to a Facilities Increase Notice (collectively the “First Facilities Increase”) (i) an increase in the aggregate principal
amount of the Tranche A Term Loan Facility to be effectuated by the disbursement of one or more additional Tranche A Term Loans to the US Borrower, in an aggregate principal amount of $150,000,000 (each a “New Tranche A Term
Loan”) and (ii) an increase in the aggregate principal amount of the Tranche B Term Loan Facility to be effectuated by the disbursement of one or more additional Tranche B Term Loans to the US Borrower, in an aggregate principal
amount of $150,000,000 (each a “New Tranche B Term Loan” and, together with each New Tranche A Term Loan, each a “New Term Loan”); 

WHEREAS, certain existing Lenders have committed to participate in the New Term Loans by forwarding their commitment thereof to
the Administrative Agent in accordance with Section 2.01(c) (Facilities Increase) of the Credit Agreement (collectively, the “Incremental Lenders”); 

WHEREAS, in connection with its incurrence of the New Term Loans, the US Borrower intends to repurchase shares of its common stock
pursuant to a tender offer commenced on January 26, 2012 (the “Tender Offer”); 
 WHEREAS, the Borrowers desire to amend and seek waivers with respect to certain provisions of the Credit Agreement as more fully described herein; and 

  
 2 

 WHEREAS, the Borrowers, each Guarantor party to the Guarantor Consent (as defined
below), the Lenders executing this Amendment and the Administrative Agent agree, subject to the limitations and conditions set forth herein, to amend and grant waivers with respect to certain provisions of the Credit Agreement, in each case, as more
fully described herein; 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 
 Section 1. Section 2.01(c)(i)
Waivers. Effective as of the First Amendment Effective Date (as hereinafter defined) and subject to the satisfaction of the conditions set forth in Section 4 (Conditions to Effectiveness) hereof, the Lenders hereby
waive the requirement under Section 2.01(c)(i) (Facilities Increase) of the Credit Agreement that (i) solely with respect to the New Tranche A Term Loans and New Tranche B Term Loans incurred on the First Amendment Effective Date,
any Incremental Tranche A Term Loans or Incremental Tranche B Term Loans be designated as a separate Series of such Tranche of Loans and (ii) solely to the extent necessary to permit the New Tranche A Term Loans and New Tranche B Term Loans to
be incurred on the First Amendment Effective Date, no Facilities Increase shall be effective earlier than ten (10) days after the delivery of the Facilities Increase Notice to the Administrative Agent in respect of such Facilities Increase.

 Section 2. Certain Amendments to the Credit Agreement. As of the First Amendment Effective Date, and
subject to the satisfaction of the conditions set forth in Section 4 (Conditions to Effectiveness) hereof: 

(a)        Section 1.01 (Defined Terms) of the Credit Agreement is hereby amended by inserting the
following definitions in such Section 1.01 in the appropriate place to preserve the alphabetical order of the definitions in such Section 1.01: 
 “First Amendment” means that certain Amendment No. 1 to this Agreement, dated as of February 24, 2012, among the Borrowers, the Administrative Agent and the Lenders party
thereto. 
 “First Amendment Effective Date” means the date on which the First Amendment shall have
become effective in accordance with its terms. 
 “First Amendment Guarantor Consent” means that certain
Consent, Agreement and Affirmation of Guaranty and Pledge and Security Agreement in the form attached as Exhibit A to the First Amendment, dated as of February 24, 2012 and executed by each of the Guarantors. 

“Tender Offer” shall mean a tender offer commenced by US Borrower on January 26, 2012 pursuant to which US
Borrower repurchases shares of US Borrower’s common stock. 
 (b)    The defined term “Applicable
Amount” appearing in Section 1.01(Defined Terms) of the Credit Agreement is hereby amended by adding the phrase “(but excluding the amount of any repurchases of shares of the US Borrower’s common stock made
pursuant to the commenced Tender Offer, if any),” before “and (g)” in clause (b)(ii) thereof. 
 (c)    The
defined term “Indebtedness” appearing in Section 1.01(Defined Terms) of the Credit Agreement is hereby amended by adding to clause (vii) thereof the phrase “other than obligations to
repurchase common stock of such Person pursuant to tender offers made in accordance with, and pursuant to, the Commission’s rules and regulations and otherwise expressly permitted by the terms of this Agreement,” after the phrase
“and unpaid dividends,” and before the word “and”. 

  
 3 

 (d)    The defined term “Loan Documents” appearing in
Section 1.01(Defined Terms) of the Credit Agreement is hereby amended by adding the phrase “the First Amendment, the First Amendment Guarantor Consent” after the phrase “each Compliance Certificate,” and before the
word “and”. 
 (e)    The defined term “Securitization Facility” appearing in
Section 1.01(Defined Terms) of the Credit Agreement is hereby amended by deleting such term in its entirety and replacing it with the following: 
 “Securitization Facility” means that certain Third Amended and Restated Loan Agreement, dated as of February 17, 2012, among Jarden Receivables, LLC, as borrower, the US
Borrower, as initial servicer, SunTrust Bank and PNC Bank, National Association., as lenders, Wells Fargo Bank, National Association, as a lender and issuing lender, and SunTrust Robinson Humphrey, Inc., as administrator (the “Securitization
Administrator”), and any renewals or extensions thereof and, subject to the restrictions set forth in the definition of “Permitted Receivables Financing”, any amendments and restatements thereto. 

(f)    Section 2.01(c)(i)(Facilities Increase) of the Credit Agreement is hereby amended by (i) deleting the phrase
“for Facilities Increases after the Closing Date” in clause (y)(ii) thereof and replacing it with the phrase “under (i) and (ii) immediately above for Facilities Increases made after the Facilities Increase effectuated
pursuant to the First Amendment” and (ii) deleting the words “shall be designated as a” in the last sentence thereof and replacing it with the words “may be designated as the same or as a”. 

(g)    Section 2.08(d)(Repayment of Loans) of the Credit Agreement is hereby amended by (i) deleting the phrase
“the Outstanding Amount of the Tranche A Term Loans on the Closing Date” and replacing it with the phrase “(i) with respect to the first three dates listed below, the Outstanding Amount of the Tranche A Term Loans on the Closing Date
and (ii) with respect to each other date listed below, $525,000,000 plus $155,844,155.84”, (ii) deleting the “12.50%” appearing next to “Tranche A Term Loan Maturity Date” which is the last Date in the chart
and replacing it with the phrase “the entire unpaid principal balance of the Tranche A Term Loans”, and (iii) deleting the phrase “; provided, however, that” and replacing it with the phrase “ For the avoidance
of doubt,”. 
 (h)    Section 2.08(e)(Repayment of Loans) of the Credit Agreement is hereby amended by
(i) deleting words “the Outstanding Amount of the Tranche B Term Loans on the Closing Date” and replacing them with the phrase “(i) with respect to the first three dates listed below, the Outstanding Amount of the Tranche B Term
Loans on the Closing Date and (ii) with respect to each other date listed below, $500,000,000 plus $151,133,501.26”, (ii) deleting the “93.25%” appearing next to “Tranche B Term Loan Maturity Date” which is
the last Date in the chart and replacing it with the phrase “the entire unpaid principal balance of the Tranche B Term Loans”, and (iii) deleting the phrase “; provided, however, that” and replacing it with the phrase
“ For the avoidance of doubt,”. 
 (i)    Section 5.21 (Use of Proceeds) of the Credit Agreement is
hereby amended by adding the phrase “, to fund, in part, the Tender Offer (as defined in the First Amendment), should it occur, and to pay fees and expenses in connection with the First Amendment and the Tender Offer” before “)”
immediately preceding the proviso therein. 
 (j)    Section 7.07(e) (Restricted Payments) of the Credit
Agreement is hereby amended by adding the phrase “which aggregate amount of (i) and (ii) immediately above shall exclude the amount of any repurchases of shares of the US Borrower’s common stock pursuant to the commenced Tender
Offer, if any,” before the proviso therein. 

  
 4 

 (k)    Section 7.12 (Use of Proceeds) of the Credit Agreement is hereby
amended by deleting the phrase “Section 7.07(c)” and replacing it with the phrase “Section 7.07(e)”. 
 Section 3. New Term Loans; Incremental Lenders. 

(a)    The Borrowers, the Administrative Agent and the Lenders acknowledge and agree that (i) the New Tranche A Term Loans
shall be deemed to be “Incremental Tranche A Term Loans”, “Incremental Term Loans”, “Term Loans” and “Loans”, (ii) the New Tranche B Term Loans shall be deemed to be “Incremental Tranche B Term
Loans”, “Incremental Term Loans”, “Term Loans” and “Loans”, (iii) the Incremental Lenders holding New Tranche A Term Loans shall be “Tranche A Term Loan Lenders”, “Term Loan Lenders” and
“Lenders” and (iv) the Incremental Lenders holding New Tranche B Term Loans shall be “Tranche B Term Loan Lenders”, “Term Loan Lenders” and “Lenders”, in each case of (i) through (iv) above,
under, and for all purposes of, the Credit Agreement and the other Loan Documents, and such Incremental Lenders shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all of the rights of a
Tranche A Term Loan Lender or Tranche B Term Loan Lender, as applicable, thereunder. The Borrowers, the Administrative Agent and the Lenders hereby further acknowledge and agree that (i) the New Tranche A Term Loans made on the First Amendment
Effective Date shall not constitute a separate Series of Tranche A Term Loans, but shall instead be one series with, and increase the amount of, the Tranche A Term Loans made on the Closing Date and, when funded, will constitute Tranche A Term Loans
for all purposes of the Credit Agreement and (ii) the New Tranche B Term Loans made on the First Amendment Effective Date shall not constitute a separate Series of Tranche B Term Loans, but shall instead be one series with, and increase the
amount of, the Tranche B Term Loans made on the Closing Date and, when funded, will constitute Tranche B Term Loans for all purposes of the Credit Agreement. The First Facilities Increase is a facilities increase pursuant to Section 2.01(c)
(Facilities Increase). 
 (b)    The obligations of the Incremental Lenders who committed to make New Tranche A Term
Loans to fund each of their respective Pro Rata Tranche A Term Shares of the New Tranche A Term Loans are several and not joint. The failure of any Incremental Lenders who committed to make New Tranche A Term Loans to fund its Pro Rata Tranche A
Term Share of the New Tranche A Term Loans on the applicable Facilities Increase Date shall not relieve any other Incremental Lenders who committed to make New Tranche A Term Loans of its corresponding obligation to do so on such date, and no
Incremental Lender making New Tranche A Term Loans shall be responsible for the failure of any other Incremental Lender who committed to make New Tranche A Term Loans to fund its Pro Rata Tranche A Term Share of the New Tranche A Term Loans. The
obligations of the Incremental Lenders who committed to make New Tranche B Term Loans to fund each of their respective Pro Rata Tranche B Term Shares of the New Tranche B Term Loans are several and not joint. The failure of any Incremental Lenders
who committed to make New Tranche B Term Loans to fund its Pro Rata Tranche B Term Share of the New Tranche B Term Loans on the applicable Facilities Increase Date shall not relieve any other Incremental Lenders who committed to make New Tranche B
Term Loans of its corresponding obligation to do so on such date, and no Incremental Lender making New Tranche B Term Loans shall be responsible for the failure of any other Incremental Lender who committed to make New Tranche B Term Loans to fund
its Pro Rata Tranche B Term Share of the New Tranche B Term Loans. 
 Section 4. Conditions to Effectiveness.
This Amendment shall become effective as of the date (the “First Amendment Effective Date”) on which each of the following conditions precedent shall have been satisfied: 

(a)    Certain Documents. The Administrative Agent shall have received each of the following (unless otherwise
agreed to or waived by the Administrative Agent), in form and substance satisfactory to the Administrative Agent and dated as of the First Amendment Effective Date: 

(i) this Amendment, duly executed by the Borrowers, the Administrative Agent, each Incremental Lender and the Required
Lenders; 

  
 5 

 (ii) the Consent, Agreement and Affirmation of Guaranty and Pledge and
Security Agreement in the form attached hereto as Exhibit A (the “Guarantor Consent”), duly executed by each of the Guarantors; 
 (iii) written commitments in form and substance satisfactory to the Administrative Agent duly executed by the applicable Incremental Lenders in an aggregate amount at least equal to the amount of the New
Term Loans; 
 (iv) certified copies of resolutions of the Board of Directors, the Board of Managers or Sole
Member, as applicable, of each Loan Party approving the incurrence of the New Term Loans and the execution, delivery and performance of this Amendment, the Guarantor Consent and the other Loan Documents delivered in connection herewith to which such
Loan Party is a party; 
 (v) a favorable opinion of Kane Kessler, P.C., counsel to the Loan Parties, in form and
substance reasonably satisfactory to the Administrative Agent and addressing such matters relating to this Amendment as the Administrative Agent may reasonably request; 

(vi) if and to the extent required under the Local Credit Facility Intercreditor Agreement, a copy of the notice delivered
by a Responsible Officer of the US Borrower (or by an authorized attorney at Kane Kessler, P.C, counsel to the US Borrower), to each Local Agent in respect of each outstanding Local Credit Facility pursuant to the requirements of
Section 5.4(c) (Matters Relating to Loan Documents) of the Local Credit Facility Intercreditor Agreement, pursuant to which the US Borrower notifies each such Local Agent of the amendments contained herein, certified by a Responsible
Officer of the US Borrower as being a true, complete and correct copy of such notice and together with evidence reasonably satisfactory to the Administrative Agent that such notice shall have been delivered by the US Borrower to such Local Agents at
least three (3) Business Days prior to the First Amendment Effective Date; and 
 (vii) a certificate of a
Responsible Officer of the US Borrower, in form and substance satisfactory to the Administrative Agent, stating that the US Borrower and each of its Subsidiaries on a consolidated basis are Solvent after giving effect to the New Term Loans, the
application of the proceeds thereof in accordance with this Amendment and the payment of all estimated Attorney Costs, and accounting and other fees related to this Amendment and the Tender Offer and to the other Loan Documents and the transactions
contemplated thereby; and 
 (viii) such additional documentation as the Administrative Agent may reasonably
require prior to the execution and delivery of this Amendment. 
 (b)    Borrower Condition. The
effectiveness of this Amendment and the borrowing of the New Term Loans is subject to the condition precedent that the US Borrower either (i) shall have accepted for purchase an amount at least equal to $25,000,000 in value of shares of the US
Borrower’s common stock pursuant to the Tender Offer or (ii) shall have waived this condition in writing, in either case, within ten (10) days after the execution of the Amendment by the requisite Lenders, which ten day period shall
expire on March 5, 2012. 

  
 6 

 (c)    Additional Conditions. (i) The US Borrower shall have
delivered to the Administrative Agent a duly executed Tranche A Term Loan Interest Rate Selection Notice and a duly executed Tranche B Term Loan Interest Rate Selection Notice, (ii) except as expressly waived or modified pursuant to the terms
of this Amendment, the New Term Loans shall be made on the terms and conditions set forth in Section 2.01(c) (Facilities Increase) of the Credit Agreement and (iii) the US Borrower shall be in compliance with Section 7.13
(Financial Covenants) of the Credit Agreement on the First Amendment Effective Date for the most recently ended fiscal quarter for which financial statements are available pursuant to Section 6.01(a) or (b) (Financial
Statements) of the Credit Agreement, both before and after giving pro forma effect to the New Term Loans. 

(d)    Fees and Expenses Paid. The Borrowers shall have paid to the Administrative Agent, for the account of
(i) the Agents, all fees and expenses (including Attorney Costs of the Agents) due and payable on or before the First Amendment Effective Date, (ii) the Lenders (including any Person becoming a Lender of New Term Loans on the First
Amendment Effective Date), any fees due and payable on or before the First Amendment Effective Date and (iii) the existing Lenders, any amendment fees payable in connection with this Amendment (if any). 

(e)    Representations and Warranties; No Defaults. The Administrative Agent, for the benefit of the Lenders,
shall have received a certificate of a Responsible Officer of the US Borrower certifying that the following statements shall be true on the First Amendment Effective Date, both before and after giving effect to the incurrence of the New Term Loans
and the application of the proceeds thereof: 
 (i) the representations and warranties set forth in Article V
(Representations and Warranties) of the Credit Agreement and in the other Loan Documents shall be true and correct in all material respects on and as of the Closing Date and shall be true and correct in all material respects on and as of the
First Amendment Effective Date 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 such representations and warranties shall have
been true and correct in all material respects as of such earlier date, and except to the extent such representations and warranties are qualified as to materiality, in which case such representations and warranties shall be true and correct; and

 (ii) no Default or Event of Default shall have occurred and be continuing. 

Section 5. Certain Covenants and Agreements. 
 (a) Further Assurances. The Borrowers hereby covenant and agree that after giving effect to this Amendment, the Borrowers and their respective Subsidiaries shall take such other actions and deliver
such documents, at their sole cost and expense, as reasonably requested by Administrative Agent in furtherance of the foregoing, and the Borrowers shall otherwise comply in all respects with Section 6.20 (Further Assurances) of the
Credit Agreement in accordance with the terms thereof. 
 (b) Default. Any breach by the Borrowers of their obligations
under this Section 5 shall constitute a Default under Section 8.01 (c) (Other Defaults) of the Credit Agreement and, if unremedied after the provision of notice and passage of time contemplated by such Section, an
Event of Default for all purposes of the Credit Agreement and the other Loan Documents. 
 Section 6. Representations
and Warranties. Each of the Borrowers, on behalf of itself and the other Loan Parties, hereby represents and warrants to the Administrative Agent and each Lender as follows: 

(a) The execution, delivery and performance of this Amendment and the Guarantor Consent by each Loan Party that is a party hereto and
thereto have been duly authorized by all necessary corporate or other 

  
 7 

 
Organizational Action (including the consent of stockholders where required), and do not and will not (i) contravene or violate any of the terms of any of such Person’s Constituent
Documents, (ii) conflict with or result in any breach or contravention of, constitute a default under, or result in or permit the termination or acceleration of, any material Contractual Obligation material to the Loan Parties as a whole to
which the Person is a party, (iii) result in the creation or imposition of any Lien upon any property of such Person or any of its Subsidiaries except for any Permitted Liens, or (iv) violate any Law the violation of which would be
material to the Loan Parties as a whole (including Regulations T, U and X of the FRB) or material order, injunction, writ or decree of any Governmental Authority or arbitral award to which such Person or its property is subject. 

(b) This Amendment and the Guarantor Consent have been duly executed and delivered by each Loan Party that is a party hereto and thereto.
This Amendment, the Guarantor Consent and the Credit Agreement, as amended hereby, constitute a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is a party hereto and thereto in accordance with its
terms, except as the enforceability thereof may be limited by public policy, applicable bankruptcy, insolvency, reorganization, receivership, moratorium and other similar Laws relating to or affecting creditors’ rights generally and by the
application of general equitable principles (whether considered in proceedings at Law or in equity). 
 Section 7.
Reference to and Effect on the Loan Documents. 
 (a) As of the First Amendment Effective Date, each
reference in the Credit Agreement and the other Loan Documents to the “Credit Agreement”, “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import
shall mean and be a reference to the Credit Agreement, as amended hereby. 
 (b) Except to the extent amended
hereby, the Credit Agreement and all of the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any Default or Event of Default or of any right, power, privilege or remedy of any Agent, any Lender or any
L/C Issuer under the Credit Agreement or any Loan Document, or constitute a waiver of any provision of the Credit Agreement or any Loan Document, except as to any waiver explicitly set forth in Section 1 of this Amendment. 

(d) The Borrowers hereby confirm that the security interests and Liens granted by the Borrowers pursuant to the Loan
Documents continue to secure the Obligations and that such security interests and Liens remain in full force and effect. 

Section 8. Governing Law. This Amendment and the rights and obligations of the parties hereto shall be governed by,
and construed and interpreted in accordance with, the laws of the State of New York. 
 Section 9. 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 purposes. 
 Section 10. Severability. The fact that any term or provision of this Amendment (or of the Credit Agreement to the extent modified pursuant to this Amendment) is held invalid, illegal
or unenforceable as to any person in any situation in any jurisdiction shall not affect the validity, enforceability or legality of the remaining terms or provisions hereof or the validity, enforceability or legality of such offending term or
provision in any other situation or jurisdiction or as applied to any person. 

  
 8 

 Section 11. Execution in Counterparts. This Amendment may be executed in
any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same instrument. Receipt by the
Administrative Agent of a facsimile, PDF or other electronic copy of an executed signature page hereof shall constitute receipt by the Administrative Agent of an executed counterpart of this Amendment. 

Section 12. Waiver of Jury Trial. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR
PROCEEDING WITH RESPECT TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT. 
 [SIGNATURE PAGES FOLLOW] 

  
 9 

 IN WITNESS WHEREOF, this Amendment has been duly executed on the date set forth above.

  

			
	US BORROWER:
	
	JARDEN CORPORATION, a Delaware corporation
		
	By:	 	/s/    John E. Capps        
	Name: John E. Capps
	 Title: Executive Vice President, General
         Counsel and Secretary

  

			
	LUXEMBOURG BORROWER:
	
	JARDEN LUX HOLDINGS S.à r.l., a company incorporated under the laws of the Grand Duchy of Luxembourg
		
	By:	 	/s/    John E. Capps        
	Name: John E. Capps
	Title: Category A Manager

  

			
	JARDEN LUX S.à r.l., a company incorporated under the laws of the Grand Duchy of Luxembourg
		
	By:	 	/s/    John E. Capps        
	Name: John E. Capps
	Title: Category A Manager

  

			
	JARDEN LUX FINCO S.à r.l., a company incorporated under the laws of the Grand Duchy of Luxembourg
		
	By:	 	/s/    John E. Capps        
	Name: John E. Capps
	Title: Category A Manager

  
 S-1

 
			
	BARCLAYS BANK PLC, as Administrative Agent
		
	By:	 	/s/ Craig J. Malloy
	Name: Craig J. Malloy
	Title:   Director

  
 S-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]