<SEC-DOCUMENT>0000905718-22-000067.txt : 20220107
<SEC-HEADER>0000905718-22-000067.hdr.sgml : 20220107
<ACCEPTANCE-DATETIME>20220107132933
ACCESSION NUMBER:		0000905718-22-000067
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220107
DATE AS OF CHANGE:		20220107
GROUP MEMBERS:		THOMAS J. GAHAN

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JAKKS PACIFIC INC
		CENTRAL INDEX KEY:			0001009829
		STANDARD INDUSTRIAL CLASSIFICATION:	GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944]
		IRS NUMBER:				954527222
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-50369
		FILM NUMBER:		22517520

	BUSINESS ADDRESS:	
		STREET 1:		2951 28TH STREET
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90405
		BUSINESS PHONE:		424-268-9444

	MAIL ADDRESS:	
		STREET 1:		2951 28TH STREET
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90405

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Benefit Street Partners LLC
		CENTRAL INDEX KEY:			0001543160
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		9 WEST 57TH STREET, SUITE 4920
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		401-751-1700

	MAIL ADDRESS:	
		STREET 1:		9 WEST 57TH STREET, SUITE 4920
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>jakks_13dam3dec152021.htm
<DESCRIPTION>SC 13D/A
<TEXT>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt/18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 13pt/18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 14pt/18pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><B>SCHEDULE 13D</B></P>

<P STYLE="font: 13pt/18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Under the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 13pt/18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Amendment No. 3)*</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>JAKKS PACIFIC, INC.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: center">(Name of Issuer)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>Common Stock, $0.001 par value per share</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: center">(Title of Class of Securities)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>47012E403</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: center">(CUSIP Number)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; border-bottom: black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 42%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Alexander H. McMillan</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Chief Compliance Officer</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Benefit Street Partners L.L.C.</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>9 West 57<SUP>th</SUP> Street, Suite 4920</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York, NY 10019</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(212) 588-6700</B></P></TD>
    <TD STYLE="width: 5%; border-bottom: black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 51%; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>with copies to:</I></P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>&nbsp;</I><FONT STYLE="font-size: 11pt"><B>Robert
    G. Minion, Esq.</B></FONT></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Lowenstein Sandler LLP</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1251 Avenue of the Americas</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York, New York 10020</B></P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(646) 414-6930</B></P></TD>
    <TD STYLE="width: 1%; border-bottom: black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name, Address and Telephone Number of Person</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Authorized to Receive Notices and Communications)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>December 15, 2021</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: center">(Date of Event Which Requires Filing of this Statement)</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the filing person has previously filed a statement
on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of &sect;240.13d-1(e),
&sect;240.13d-1(f) or &sect;240.13d-1(g), check the following box. &#9744;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* The remainder of this cover page shall be filled
out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The information required on the remainder of this
cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of section 18 of the Securities Exchange Act of 1934, as amended
(&#8220;Act&#8221;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0">CUSIP No. <B>47012E403</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; padding-top: 6pt">1.</TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; padding-top: 6pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Names of reporting persons</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Benefit Street Partners L.L.C.</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; padding-top: 6pt">2.</TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; padding-top: 6pt">Check the appropriate box if a member of a group (see instructions)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-top: 6pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="padding-top: 3pt; padding-bottom: 3pt">(a)&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]</TD></TR>
  <TR STYLE="vertical-align: top; background-color: silver">
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; padding-top: 6pt">3.</TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; padding-top: 6pt; padding-bottom: 3pt">SEC Use Only</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; padding-top: 6pt">4.</TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; padding-top: 6pt; padding-bottom: 3pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Source of funds (see instructions)</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>WC</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; padding-top: 6pt">5.</TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; padding-top: 6pt">Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;[&nbsp;&nbsp;&nbsp;&nbsp;]</TD>
    <TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="padding-top: 6pt; padding-bottom: 6pt">6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citizenship or place of organization&nbsp;&nbsp;&nbsp;<B>Delaware</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="border-top: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">Number of</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">7. Sole voting power</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: right"><B>0</B>&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">shares beneficially</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">8. Shared voting power</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: right"><B>1,476,523*</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">owned by</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">each reporting</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">9. Sole dispositive power</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: right"><B>0</B>&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">person with</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">10. Shared dispositive power</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: right"><B>1,476,523*</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">11.</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">Aggregate amount beneficially owned by each reporting person</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding: 6pt 5.4pt; text-align: right"><B>1,476,523*</B></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-top: 6pt">12.</TD>
    <TD COLSPAN="8" STYLE="padding-top: 6pt">Check if the aggregate amount in Row (11) excludes certain shares (see instructions)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;[&nbsp;&nbsp;&nbsp;&nbsp;]</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">13.</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">Percent of class represented by amount in Row (11)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding: 6pt 5.4pt; text-align: right"><B>15.5%*</B></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">14.</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">Type of reporting person (see instructions)</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding: 6pt 5.4pt; text-align: right"><B>IA</B>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 41%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">*Beneficial ownership percentage is based upon
9,503,535 shares of common stock, $0.001 par value per share (&#8220;Common Stock&#8221;), of JAKKS Pacific, Inc., a Delaware corporation
(the &#8220;Issuer&#8221;), issued and outstanding as of November 9, 2021, as reported in the Issuer&#8217;s Quarterly Report on Form
10-Q for the quarterly period ended September 30, 2021 filed with the Securities and Exchange Commission on November 12, 2021. Benefit
Street Partners L.L.C. (&#8220;BSP&#8221;) is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940,
as amended. BSP, either directly or through one or more affiliated entities, serves as the investment adviser to funds and accounts managed
by it (the &#8220;BSP Funds&#8221;). Thomas J. Gahan controls BSP in his role as Chief Executive Officer of BSP&#8217;s sole managing
member. As of the filing date of this Schedule 13D Amendment No. 3 (the &#8220;Filing Date&#8221;), the BSP Funds collectively held 1,476,523
shares of Common Stock of the Issuer. As a result, as of the Filing Date, for purposes of Rule 13d-3 promulgated under the Act, each of
Mr. Gahan and BSP may be deemed to share beneficial ownership of the 1,476,523 shares of Common Stock held in the aggregate by the BSP
Funds, or approximately 15.5% of the shares of Common Stock of the Issuer deemed issued and outstanding as of such date.</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">CUSIP No. <B>47012E403</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; padding-top: 6pt">1.</TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; padding-top: 6pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Names of reporting persons</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Thomas J. Gahan</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; padding-top: 6pt">2.</TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; padding-top: 6pt">Check the appropriate box if a member of a group (see instructions)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-top: 6pt">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="padding-top: 3pt; padding-bottom: 3pt">(a)&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]</TD></TR>
  <TR STYLE="vertical-align: top; background-color: silver">
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; padding-top: 6pt">3.</TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; padding-top: 6pt; padding-bottom: 3pt">SEC Use Only</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; padding-top: 6pt">4.</TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; padding-top: 6pt; padding-bottom: 3pt">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Source of funds (see instructions)</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>OO</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; padding-top: 6pt">5.</TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; padding-top: 6pt">Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;[&nbsp;&nbsp;&nbsp;&nbsp;]</TD>
    <TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="padding-top: 6pt; padding-bottom: 6pt">6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citizenship or place of organization&nbsp;&nbsp;&nbsp;<B>United States</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="border-top: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">Number of</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">7. Sole voting power</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: right"><B>0</B>&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">shares beneficially</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">8. Shared voting power</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: right"><B>1,476,523*</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">owned by</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">each reporting</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">9. Sole dispositive power</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: right"><B>0</B>&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">person with</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">10. Shared dispositive power</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: right"><B>1,476,523*</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">11.</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">Aggregate amount beneficially owned by each reporting person</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding: 6pt 5.4pt; text-align: right"><B>1,476,523*</B></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-top: 6pt">12.</TD>
    <TD COLSPAN="8" STYLE="padding-top: 6pt">Check if the aggregate amount in Row (11) excludes certain shares (see instructions)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;[&nbsp;&nbsp;&nbsp;&nbsp;]</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">13.</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">Percent of class represented by amount in Row (11)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding: 6pt 5.4pt; text-align: right"><B>15.5%*</B></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">14.</TD>
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; padding-top: 6pt; padding-bottom: 6pt">Type of reporting person (see instructions)</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding: 6pt 5.4pt; text-align: right"><B>IN</B>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 38%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">*Beneficial ownership percentage is based upon
9,503,535 shares of common stock, $0.001 par value per share (&#8220;Common Stock&#8221;), of JAKKS Pacific, Inc., a Delaware corporation
(the &#8220;Issuer&#8221;), issued and outstanding as of November 9, 2021, as reported in the Issuer&#8217;s Quarterly Report on Form
10-Q for the quarterly period ended September 30, 2021 filed with the Securities and Exchange Commission on November 12, 2021. Benefit
Street Partners L.L.C. (&#8220;BSP&#8221;) is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940,
as amended. BSP, either directly or through one or more affiliated entities, serves as the investment adviser to funds and accounts managed
by it (the &#8220;BSP Funds&#8221;). Thomas J. Gahan controls BSP in his role as Chief Executive Officer of BSP&#8217;s sole managing
member. As of the filing date of this Schedule 13D Amendment No. 3 (the &#8220;Filing Date&#8221;), the BSP Funds collectively held 1,476,523
shares of Common Stock of the Issuer. As a result, as of the Filing Date, for purposes of Rule 13d-3 promulgated under the Act, each of
Mr. Gahan and BSP may be deemed to share beneficial ownership of the 1,476,523 shares of Common Stock held in the aggregate by the BSP
Funds, or approximately 15.5% of the shares of Common Stock of the Issuer deemed issued and outstanding as of such date.&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMENDMENT NO. 3 TO SCHEDULE 13D</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This statement constitutes Amendment No. 3 to the
Schedule 13D filed with the Securities and Exchange Commission by the Reporting Persons on August 2, 2021, as amended by Amendment No.
1 thereto filed on September 30, 2021 and Amendment No. 2 thereto filed on December 20, 2021 (as so amended, the &#8220;Schedule 13D&#8221;)
relating to the common stock, $0.001 par value per share (the &#8220;Common Stock&#8221;), issued by JAKKS Pacific, Inc., a Delaware corporation
(the &#8220;Issuer&#8221;), and hereby amends the Schedule 13D as set forth herein. Capitalized terms used but not otherwise defined herein
have the respective meanings ascribed to such terms in the Schedule 13D. This Schedule 13D Amendment No. 3 is being filed to correct an
inadvertent error to the per share pricing information as previously reported in Item 5 with respect to the securities purchased pursuant
to the Purchase Agreement (as defined in Item 5 of this Schedule 13D Amendment No. 3), and to file as Exhibit 5 hereto a copy of Amendment
No. 1 to the Purchase Agreement which was entered into between the parties to confirm a corresponding correction to the per share price
as set forth in the Purchase Agreement      as intended by and agreed to by the parties.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 5.&#9;Interest in Securities of the Issuer.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item 5 of the Schedule 13D is hereby amended and restated
in its entirety to read as follows:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The aggregate percentage of Common Stock reported
in this Item 5 and set forth in Row 13 of the cover pages filed herewith is calculated based upon 9,503,535 shares of Common Stock outstanding
as of November 9, 2021, as reported in the Issuer&#8217;s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021
filed with the Securities and Exchange Commission on November 12, 2021. BSP is a registered investment adviser under Section 203 of the
Investment Advisers Act of 1940, as amended. BSP, either directly or through one or more affiliated entities, serves as the investment
adviser to the BSP Funds. Thomas J. Gahan controls BSP in his role as Chief Executive Officer of BSP&#8217;s sole managing member. As
of the filing date of this Schedule 13D Amendment No. 3 (the &#8220;Filing Date&#8221;), after giving effect to the purchase of Common
Stock acquired pursuant to the Purchase Agreement (as defined and described below), the BSP Funds collectively held 1,476,523 shares of
Common Stock of the Issuer. As a result, as of the Filing Date, for purposes of Rule 13d-3 promulgated under the Act, each of Mr. Gahan
and BSP may be deemed to share beneficial ownership (with shared voting power and shared dispositive power) with respect to the 1,476,523
shares of Common Stock held in the aggregate by the BSP Funds, or approximately 15.5% of the shares of Common Stock of the Issuer deemed
issued and outstanding as of such date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">BSP, in its capacity as investment adviser to
the BSP Funds, entered into a privately negotiated Securities Purchase and Sale Agreement, dated December 15, 2021, with an
unrelated third party, as amended by Amendment No. 1 to Securities Purchase and Sale Agreement, dated December 20, 2021 (together,
the &#8220;Purchase Agreement&#8221;), whereby BSP, on behalf of the BSP Funds, purchased from the third party (i) 119,884 shares of
Common Stock, at a purchase price of $10.70 per share, and (ii) 40,965 shares of the Issuer&#8217;s non-convertible Series A Senior
Preferred Stock (the &#8220;Preferred Stock&#8221;), at a purchase price of $87.9824953 per share. The total purchase price paid by
BSP for the shares of Common Stock and Preferred Stock purchased pursuant to the Purchase Agreement was $4,886,961.72 in the
aggregate.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Other than the purchase of Common Stock pursuant to
the Purchase Agreement as described above, during the past 60 days there were no transactions in shares of Common Stock, or securities
convertible into, exercisable for or exchangeable for shares of Common Stock, by the Reporting Persons or any person or entity controlled
by them or any person or entity&nbsp;for which&nbsp;&nbsp;they&nbsp;&nbsp;possess voting or investment control over the securities thereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 7.</B></TD><TD STYLE="text-align: justify"><B>Material to be Filed as Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>Exhibit</B></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 88%; border-bottom: Black 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>Description</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">5.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Amendment No. 1, dated as of December 20, 2021, to Securities Purchase and Sale Agreement, dated as of December 15, 2021.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">After reasonable inquiry and to the best of
my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 10pt">Date: January 7, 2022</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 56%; padding-right: 5.4pt; padding-left: 5.4pt">BENEFIT STREET PARTNERS, L.L.C.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/ Alexander McMillan</U></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Name:&nbsp;&nbsp;&nbsp;&nbsp;Alexander McMillan</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Authorized Signatory </TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 55%; padding-right: 5.4pt; padding-left: 5.4pt"><U>/s/ Thomas J. Gahan</U></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Name: Thomas J. Gahan</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
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<TYPE>EX-5
<SEQUENCE>2
<FILENAME>jakks_13dam3dec152021ex5.htm
<DESCRIPTION>AMENDMENT NO. 1
<TEXT>
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<P STYLE="margin: 0; text-align: right">Exhibit 5</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMENDMENT NO. 1 </B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>TO </B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES PURCHASE AND SALE AGREEMENT </B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Amendment No. 1 (this &#8220;<U>Amendment</U>&#8221;)
to the Securities Purchase and Sale Agreement, dated as of December 15, 2021 (the &#8220;<U>Purchase Agreement</U>&#8221;), is made as
of December 20, 2021, by and between Benefit Street Partners, LLC, having executive offices located at 9 West 57th Street, Suite 4920,
New York, NY 10019 (the &#8220;Buyer&#8221;), and UBS O&#8217;Connor LLC, having executive offices located at One North Wacker Drive,
32nd Floor, Chicago, IL 60606 (the &#8220;<U>Selle</U>r&#8221; and together with the Buyer, the &#8220;<U>Parties</U>&#8221;). Capitalized
terms used herein and not otherwise defined herein have the meanings given to such terms in the Purchase Agreement.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">WHEREAS, the Purchase Agreement
set forth on Schedule I thereto the purported allocation of the Purchase Price with respect to the Transaction Securities, including the
Parties agreement that the Purchase Price for the shares of the JAKKS Pacific, Inc.&#8217;s Common Stock, par value $0.001 per share (the
&#8220;<U>Common Stock</U>&#8221;), be $10.70 per share;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">WHEREAS, the Schedule I
to the Purchase Agreement contained an inadvertent error with respect to the allocation of the Purchase Price, incorrectly listing the
allocation of the Purchase Price as $10.53 per share of Common Stock; and</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">WHEREAS, the Parties desire
to amend Schedule I to the Purchase Agreement to correct the allocation of the Purchase Price as set forth herein.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">Now,
therefore</FONT>, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto,
intending to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment
of Schedule I to the Purchase Agreement</U>. <FONT STYLE="font-weight: normal">Schedule I to the Purchase Agreement is hereby deleted
and replaced in its entirety by <U>Exhibit A</U> attached hereto.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#9;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Other Changes to the Purchase Agreement</U>. All other terms and provisions of the Purchase Agreement shall remain in full force and effect
and shall not be altered by any provisions contained herein.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts;
Electronic Execution</U>. This Amendment may be executed in two or more counterparts, each of which if so executed shall be deemed an
original, and all of which together shall constitute one and the same Amendment, notwithstanding that each party has not executed the
same counterpart. A facsimile or electronic copy of this Amendment showing the signatures of each of the parties, or, when taken together,
multiple facsimile or electronic copies of this Amendment showing the signatures of each of the parties, respectively, where such signatures
do not appear on the same copy, shall constitute an original copy of this Amendment requiring no further execution.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Agreement</U>. This Amendment and the Purchase Agreement as amended hereby constitute the entire agreement of the Parties with respect
to the subject matter hereof.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">[<I>Signature Page Follows</I>]</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, the Parties hereto have duly executed this Amendment as of the date and year first above written.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Nineteen77 Global Multi-Strategy Alpha Master Limited</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>By its investment manager UBS O&#8217;CONNOR LLC</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">By: <U>/s/ Connor Burke / /s/ James DelMedico</U>________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Name: &#9;Connor Burke / James DelMedico</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Title:&#9;Director / Executive Director</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>BENEFIT STREET PARTNERS, LLC</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>On behalf of its Affiliated Funds</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">By: <U>/s/ Mike Frick</U>__________________________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Name: Mike Frick</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Title: Authorized Signer</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">&nbsp;</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B><U>Exhibit A</U></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Schedule I</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Transaction Securities, Buyer Funds, and Purchase
Price</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: yellow">
    <TD STYLE="width: 28%; border: Black 1pt solid; padding: 5.75pt; text-align: center"><B>Class of Transactions Security</B></TD>
    <TD STYLE="width: 23%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center"><B>Quantity Purchased</B></TD>
    <TD STYLE="width: 25%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center"><B>Price Per Share/Unit</B></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center"><B>Total Purchase Price</B></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 5.75pt; text-align: center">JAKKS Common Stock, par value $0.001 per share</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center">119,884 shares</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center">$10.70 per share</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center">$1,282,758.80</TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 5.75pt; text-align: center">JAKKS Series A Senior Preferred Stock, par value $0.001 per share</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center">40,965 shares</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center">$87.9824953 per share</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center">$3,604,202.92</TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 5.75pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center"><B>Total Purchase Price</B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 5.75pt; text-align: center"><B>$4,886,961.72</B></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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