FIRST AMENDMENT TO TERM LOAN AGREEMENTTerm Loan Agreement • May 2nd, 2008 • Salton Inc • Electric housewares & fans • New York
FIRST AMENDMENT (this “Amendment”) dated as of April 29, 2008 (the “First Amendment Closing Date”) and effective as of January 31, 2008 to the Term Loan Agreement dated as of December 28, 2007 (the “Term Loan Agreement”), among (a) SALTON, INC., a Delaware corporation (the “Parent”), and the borrowing subsidiaries of the Parent party thereto (together with the Parent, the “Borrowers”), and APPLICA ASIA LIMITED, a Hong Kong company (“Applica Asia”), and APPLICA CANADA CORPORATION, a Nova Scotia company (“Applica Canada”, together with Applica Asia, the “Guarantors”), (b) the lending institutions from time to time party thereto (the “Lenders”) and (c) HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD., as collateral agent and administrative agent for the Lenders (the “Agent”). Capitalized terms used herein without definition shall have the meanings assigned to such term in the Term Loan Agreement.
