On January 29, 2009, Jarden Corporation (the "Company" or "Jarden") entered into Amendment No. 10 to its Credit Agreement (as defined below) and Amendment No. 4 to its Pledge and Security Agreement (as defined below) (the "Credit Agreement Amendment") amending certain provisions of (i) the Credit Agreement, dated as of January 24, 2005 (as amended, supplemented, restated or otherwise modified from time to time, the "Credit Agreement"), among the Company, as borrower, the lenders and letter of credit issuers party thereto from time to time, Lehman Commercial Paper, Inc. ("LCPI"), as administrative agent for the lenders and letter of credit issuers, Citicorp USA, Inc., as syndication agent for the lenders and letter of credit issuers and Bank of America, N.A., National City Bank of Indiana and SunTrust Bank, as co-documentation agents for the lenders and letter of credit issuers and (ii) the Pledge and Security Agreement, dated as of January 24, 2005 (as amended, supplemented, restated or otherwise modified from time to time, the "Pledge and Security Agreement"), among the Company and each of its subsidiaries from time to time party thereto and LCPI.

The Credit Agreement Amendment was entered into in order to, among other things:
(i) appoint Deutsche Bank AG New York Branch to replace LCPI as the administrative agent, Swing Line Lender and Foreign Currency Fronting Lender;
(ii) terminate LCPI's revolving commitments under the Credit Agreement; and
(iii) amend certain provisions in the Credit Agreement and the Pledge and Security Agreement.

In connection with the execution of the Credit Agreement Amendment, each existing guarantor under the Credit Agreement consented to the terms of the Credit Amendment and agreed that the terms of the Credit Amendment shall not affect in any way its obligations and liabilities under any loan document by executing that certain Consent, Agreement and Affirmation of Guaranty (the "Consent, Agreement and Affirmation of Guaranty").

Copies of the Credit Agreement Amendment and the Consent, Agreement and Affirmation of Guaranty are attached to this current report on Form 8-K as Exhibits 10.1 and 10.2, respectively, and are incorporated herein by reference as though they were fully set forth herein. The foregoing summary description of the Credit Agreement Amendment and the Consent, Agreement and Affirmation of Guaranty and the transactions contemplated thereby are not intended to be complete, and are qualified in their entirety by the complete text of the Credit Agreement Amendment and the Consent, Agreement and Affirmation of Guaranty.

Please see the discussion in "Item 1.01. Entry into a Material Definitive Agreement" of this Form 8-K which discussion is incorporated herein by this reference.

On February 2, 2009, the Company gave an irrevocable notice to the administrative agent under the Credit Agreement of its intent to permanently reduce the Aggregate Revolving Credit Commitments (as defined in the Credit Agreement) by twenty million dollars ($20,000,000) to an aggregate amount of $185,000,000, effective as of February 5, 2009, being three business days from the date of such notice to the administrative agent. The Company has also given

(d) Exhibits.

Exhibit No.    Description
10.1           Amendment No. 10 to Credit Agreement and Amendment No. 4 to Pledge and
               Security Agreement, dated as of January 29, 2009, among Jarden
               Corporation, Lehman Commercial Paper, Inc., as administrative agent,
               Citicorp USA, Inc., as syndication agent, and each incremental lender
               identified on the signature pages thereto.

10.2           Consent, Agreement and Affirmation of Guaranty.