ENESCO GROUP INC
EX-10.1
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<DESCRIPTION>EX-10.1
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 12pt">&#091;Logo&#093;
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<P align="left" style="font-size: 12pt; text-indent: 31%">June&nbsp;8, 2006


<P align="left" style="font-size: 12pt">Enesco Group, Inc.


<P align="left" style="font-size: 12pt">and each of the borrowing


<P align="left" style="font-size: 12pt">Subsidiaries under the


<P align="left" style="font-size: 12pt">Credit Agreement referenced


<P align="left" style="font-size: 12pt">below


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    <TD>Re: Second Amended and Restated Senior Revolving Credit Agreement dated as of
June&nbsp;16, 2003, among Enesco Group, Inc., the Borrowing Subsidiaries parties thereto,
the lenders party thereto, and Bank of America, N.A. (the &#147;Agent&#148;), as Agent for the
Lenders, as amended (the &#147;Credit Agreement&#148;).</TD>
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<P align="left" style="font-size: 12pt">Ladies and Gentlemen:


<P align="left" style="font-size: 12pt">Reference is made to the Credit Agreement. Capitalized terms used herein that are not defined
herein have the meanings given to such terms in the Credit Agreement.


<P align="left" style="font-size: 12pt">Section&nbsp;2.1 of the Credit Agreement provides, among other things, that, (a)&nbsp;if the aggregate amount
of the Loans, Letters of Credit and/or Bankers Acceptances exceed the maximum under clause (y)&nbsp;of
the definition of Borrowing Capacity, the Borrower shall immediately repay the Loans in an amount
sufficient for the Loans, Letters of Credit and Bankers Acceptances not to exceed the maximum under
clause (y)&nbsp;of the definition of Borrowing Capacity, and (b)&nbsp;no Loan may be requested if, after
giving effect to the making of such Loan, the aggregate amount of Loans, Letters of Credit and
Bankers Acceptances, would exceed the Borrowing Capacity. As you know, the aggregate amount of
Loans, Letters of Credit and Bankers Acceptances currently exceeds the maximum under clause (y)&nbsp;of
the definition of Borrowing Capacity and, accordingly, the Borrower does not have the right to
request any additional Loans at this time and the Borrower is required to immediately repay the
Loans in an amount sufficient for the Loans, Letter of Credit and Bankers Acceptances not to exceed
the maximum under clause (y)&nbsp;of the definition of Borrowing Capacity.


<P align="left" style="font-size: 12pt">By virtue of the Borrower&#146;s failure to immediately make such payment, a Default exists and the
Agent and the Lenders have the right to exercise all of their rights and remedies under the Credit
Agreement, the other Loan Documents, and applicable law, including without limitation, the right to
accelerate and demand payment in full at any time of the Obligations. You have requested,
notwithstanding Section&nbsp;2.1 of the Credit Agreement and such Default, that the Lenders consider
making certain additional Loans to the Borrower and that the Agent and the Lenders consider waiving
such Default or forbearing, on terms and conditions to be determined, from exercising such rights
and remedies for a period of time.


<P align="left" style="font-size: 12pt">The Agent and Lenders have advised you that, although we may consider making certain additional
Loans to the Borrower, on terms and conditions which must be acceptable to the Agent and the
Lenders in our sole and absolute discretion, we are not committing to do so and, if we do consider
such request, we are nevertheless not committing to continue to consider it and we are not
committing to waive the Default or to forbear from exercising any or all of our rights and remedies
at any time, even during any time when we may be discussing making additional Loans to you.


<P align="left" style="font-size: 12pt">By your acceptance of this letter, you will be acknowledging and agreeing that (a)&nbsp;such Default
exists, (b)&nbsp;you have no defense, counterclaim, or right of offset or recoupment against or with
respect to your Obligations under the Credit Agreement and other Loan Documents, (c)&nbsp; the Agent and
Lenders are under no obligation to consider or continue to consider Borrower&#146;s request that
additional Loans be made or to waive any Default or to forbear from exercising at any time, without
notice to you (other than any notice required by law which the law does not permit to be waived by
you), any or all of their rights and remedies under the Credit Agreement, the other Loan Documents
and applicable law, and that the Agent and Lenders shall therefore have the right to exercise any
or all of their rights and remedies at any time, and (d)&nbsp;no commitment or agreement has been made
by the Agent or any Lender that is not set forth in writing in the Credit Agreement or the other
Loan Documents.


<P align="left" style="font-size: 12pt; text-indent: 4%">If the foregoing acknowledgements by you are correct and if all the foregoing is acceptable to
you, please sign below and promptly return this letter to the Agent.

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Very truly yours,<BR>
Bank of America, N.A.,<BR>
as Agent and Lender<BR>
By: /s/ C. Christopher Smith</TD>
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<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: C. Christopher Smith<BR>
Title: Senior Vice President</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Acknowledged and agreed to:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Enesco Group, Inc.<BR>
By: /s/ Charles E. Sanders
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
<BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: Charles E. Sanders<BR>
Title: Treasurer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
<BR></TD>
</TR>
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Acknowledged and agreed to:
N.C. Cameron &#038; Sons Limited
By:  /s/ Charles E. Sanders

Name:  Charles E. Sanders }
Title:  Treasurer         }
Enesco International (H.K.) Limited
By:  /s/ Charles E. Sanders

Name:  Charles E. Sanders }
Title:  Director          }
Gregg Manufacturing, Inc. }
By:  /s/ Charles E. Sanders

Name:  Charles E. Sanders }
Title:  Director          }
Enesco International Ltd. }
By:  /s/ Charles E. Sanders

Name:  Charles E. Sanders }
Title:  Director          }
Enesco Limited            }
By:  /s/ Charles E. Sanders

Name:  Charles E. Sanders }
Title:  Director          }
Enesco Holdings Limited   }
By:  /s/ Charles E. Sanders

Name:  Charles E. Sanders
Title:  Director        }
Acknowledged and agreed to:
Bilston and Battersea Enamels Limited
By /s/ Charles E. Sanders

Name: Charles E. Sanders
Title:  Director
Acknowledged and agreed to:</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5">N.C. Cameron &#038; Sons Limited</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">By: /s/ Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left">Name:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Title:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Treasurer</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5">Enesco International (H.K.) Limited</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">By: /s/ Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left">Name:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Title:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Director</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5">Gregg Manufacturing, Inc.</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">By: /s/ Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left">Name:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Title:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Director</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5">Enesco International Ltd.</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">By: /s/ Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left">Name:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Title:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Director</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5">Enesco Limited</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">By: /s/ Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left">Name:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Title:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Director</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5">Enesco Holdings Limited</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">By: /s/ Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left">Name:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Title:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Director</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5">Acknowledged and agreed to:</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5">Bilston and Battersea Enamels Limited</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">By /s/ Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">Name: Charles E. Sanders</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Title:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Director</TD>
</TR>

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