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EXHIBIT 10.4
PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND WILL BE FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION. SUCH PORTIONS ARE DESIGNATED "[***]".
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
c/o Prudential Capital Group
Xxx Xxxxxxx Xxxxx, Xxxxx 0000
Xxxxxxx, Xxxxxxx 00000
August 11, 1999
Crown Crafts, Inc.
0000 Xxxxxxxxx Xxxxxxx
Xxxxx 000
Xxxxxxx, XX 00000
Attention: Xx. Xxxxx X. Xxxxxx,
Vice President and Chief Financial Officer
Ladies and Gentlemen:
Reference is made to that certain Note Agreement dated as of October
12, 1995 between Crown Crafts, Inc. (the "Company") and The Prudential Insurance
Company of America ("Prudential"), as heretofore amended (the "Note Agreement")
and that certain amendment to the Note Agreement, dated August 4, 1999, attached
hereto as Exhibit A (the "Prior Amendment"). Terms not otherwise defined herein
have the meanings given such terms in the Note Agreement.
At the Company's request, and subject to its written acceptance hereof,
Prudential, as holder of all the Notes, hereby agrees with the Company to amend
the Note Agreement and the Prior Amendment as follows:
Sections 7 and 8 of the Prior Amendment are hereby deleted in
their entirety and replaced by the following provisions:
"7. [***].
8. The Company shall not permit at any time, during
the period from August 11, 1999 through and including December 31,
1999, the aggregate amount of its committed revolving lines of
credit to be less than $30,000,000, without the prior written
consent of Prudential."
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Except to the extent amended by the provisions hereof, all of the
terms, conditions and obligations of the Note Agreement shall remain in full
force and effect.
If you are in agreement with the foregoing, please sign this letter in
the space provided below, whereupon it will become a binding agreement between
Prudential and the Company.
Very truly yours,
THE PRUDENTIAL INSURANCE
COMPANY OF AMERICA
BY: /s/ Xxxxxx X. Xxxxxxxx
-----------------------------------------
Name: Xxxxxx X. Xxxxxxxx
Title: Vice President
Agreed to and accepted
as of August 11, 1999
CROWN CRAFTS, INC.
By: /s/ Xxxxx X. Xxxxxx
-----------------------------
Name: Xxxxx X. Xxxxxx
Title: Vice President, Chief Financial Officer
