LEAPFROG ENTERPRISES, INC. as Borrower AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT Dated as of August 13, 2009 CERTAIN FINANCIAL INSTITUTIONS, as Lenders, BANK OF AMERICA, N.A., as Agent and BANC OF AMERICA SECURITIES LLC as Lead Arranger and...Loan and Security Agreement • November 3rd, 2009 • Leapfrog Enterprises Inc • Games, toys & children's vehicles (no dolls & bicycles) • California
Until the date that is six months following the Closing Date, margins shall be determined as if Level I were applicable. Thereafter, the margins shall be subject to increase or decrease upon receipt by Agent pursuant to Section 10.1.2 of the financial statements and corresponding Compliance Certificate for the last Fiscal Quarter, which change shall be effective on the first day of the calendar month following receipt. If, by the first day of a month, any financial statements and Compliance Certificate due in the preceding month have not been received, then, at the option of Agent or Required Lenders, the margins shall be determined as if Level III were applicable, from such day until the first day of the calendar month following actual receipt.
