Item 1.01 Entry Into a Material Definitive Agreement.

As of February 12, 2008, Tandy Brands Accessories, Inc. (the "Company") entered into a credit agreement with Comerica Bank (the "Lender") providing terms and conditions governing certain loans and other credit accommodations extended by the Lender to the Company (together with all addenda, amendments, exhibits and schedules, the "Credit Agreement").

On October 6, 2009, the Company and the Lender entered into Amendment No. 2 to the Credit Agreement (the "Amendment"). The Amendment had the effect of extending the maturity of the Credit Agreement from February 12, 2010 to April 6, 2011. In addition, the amendment relaxed the limitations on the Company's ability to acquire fixed assets without the Lender's approval, decreased the tangible net worth requirement and modified the unused commitment fee payable by the Company.