XXXXXXX CANADA LTD. By: /s/ N. Xxxxxxxx XxXxxxxx, III N. Xxxxxxxx XxXxxxxx, III Its: President and Chief Executive Officer Notice to Parent, on behalf of X.X. Xxxxxxx Canada Ltd.: Tandy Brands Accessories, Inc. 0000 X. Xxxxx Street, Suite A Dallas, TX 75211 Fax: 000.000.0000 Attention: N. Xxxxxxxx XxXxxxxx, III e-mail: xxx_xxxxxxxx@xxxxxxxxxxx.xxx With a copy to X.X. Xxxxxxx Canada Ltd.: 0000 Xxxxxxx Xxxxxx, Xxxx 00XX Xxxxxxxxxxx, Xxxxxxx X0X 0X0 Fax: 000.000.0000 Attention: N. Xxxxxxxx XxXxxxxx, III e-mail: xxx_xxxxxxxx@xxxxxxxxxxx.xxx Federal Employer Identification No. 00-0000000 Organizational Identification No. 138984778 REVOLVING NOTE $35,000,000 August [___], 2011 FOR VALUE RECEIVED, the undersigned, Tandy Brands Accessories, Inc., a Delaware corporation (“Parent”) and X.X. Xxxxxxx Canada Ltd, an Ontario corporation (“XX Xxxxxxx”; Parent and XX Xxxxxxx are herein collectively called “Company”), each, jointly and severally, hereby promises to pay to the order of XXXXX FARGO BANK, NATIONAL ASSOCIATION (“Xxxxx Fargo”), acting through its XXXXX FARGO BUSINESS CREDIT operating division, on the Termination Date described in the Credit and Security Agreement dated August 25, 2011 (as amended, supplemented or otherwise modified from time to time, the “Agreement”) and entered into between Xxxxx Fargo and Company, in lawful money of the United States of America and in immediately available funds, the principal sum of Thirty Five Million Dollars ($35,000,000) or the aggregate unpaid principal amount of all Advances under the Line of Credit made by Xxxxx Fargo to Company under the terms of the Agreement, together with interest on the principal amount computed on the basis of actual days elapsed in a 360-day year, from the date of this Revolving Note until this Revolving Note is fully paid at the rate from time to time in effect under the terms of the Agreement. Principal and interest accruing on the unpaid principal balance amount of this Revolving Note shall be due and payable as provided in the Agreement. This Revolving Note may be prepaid only in accordance with the Agreement. This Revolving Note is the Revolving Note referred to in the Agreement, and is subject to the terms of the Agreement, which provides, among other things, for the acceleration of this Revolving Note. This Revolving Note is secured, among other things, by the Agreement and the Security Documents as defined in the Agreement, and by any other security agreements, mortgages, deeds of trust, assignments or othe...
XXXXXXX CANADA LTD. As a Guarantor By: Name: Title: TBAC INVESTMENT TRUST, As a Guarantor By: Name: Title: amendment no. 1 to credit Agreement
XXXXXXX CANADA LTD. By: /s/ N. Xxxxxxxx XxXxxxxx, III N. Xxxxxxxx XxXxxxxx, III Its: President and Chief Executive Officer Notice to Parent, on behalf of X.X. Xxxxxxx Canada Ltd.: Tandy Brands Accessories, Inc. 0000 X. Xxxxx Street, Suite A Dallas, TX 75211 Fax: 000.000.0000 Attention: N. Xxxxxxxx XxXxxxxx, III e-mail: xxx_xxxxxxxx@xxxxxxxxxxx.xxx
