REIMBURSEMENT AND SENIOR SECURED CREDIT AGREEMENT Dated as of October 1, 2007 Among HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD. And HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P. As The Lenders, And HARBINGER CAPITAL PARTNERS MASTER FUND...Reimbursement and Senior Secured Credit Agreement • October 2nd, 2007 • Salton Inc • Electric housewares & fans • New York
This Reimbursement and Senior Secured Credit Agreement, dated as of October 1, 2007 (this “Agreement”), among HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD. and HARBINGER CAPITAL PARTNERS SPECIAL SITUATION FUND, L.P. (each individually as a “Lender” and collectively as the “Lenders”), HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD, as administrative agent and collateral agent for the Lenders (the “Agent”), SALTON, INC., a Delaware corporation, with offices at 1955 Field Court, Lake Forest, Illinois 60045 (the “Parent”), each of the Parent’s Subsidiaries identified on the signature pages hereof as Borrowers and each of the Parent’s other Subsidiaries identified on the signature pages hereof as Guarantors.
