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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000910680-09-000476.txt : 20091016
<SEC-HEADER>0000910680-09-000476.hdr.sgml : 20091016
<ACCEPTANCE-DATETIME>20091016163955
ACCESSION NUMBER:		0000910680-09-000476
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20091013
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20091016
DATE AS OF CHANGE:		20091016

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIFETIME BRANDS, INC
		CENTRAL INDEX KEY:			0000874396
		STANDARD INDUSTRIAL CLASSIFICATION:	CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420]
		IRS NUMBER:				112682486
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1207

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19254
		FILM NUMBER:		091123811

	BUSINESS ADDRESS:	
		STREET 1:		1000 STEWART AVENUE
		CITY:			GARDEN CITY
		STATE:			NY
		ZIP:			11530
		BUSINESS PHONE:		5166836000

	MAIL ADDRESS:	
		STREET 1:		1000 STEWART AVENUE
		STREET 2:		1000 STEWART AVENUE
		CITY:			GARDEN CITY
		STATE:			NY
		ZIP:			11530

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIFETIME HOAN CORP
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k101309.htm
<TEXT>
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        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">UNITED STATES</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

        <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: center"><b><font size="2">Washington, D.C. 20549</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: center"><b><font size="4">FORM 8-K</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">CURRENT REPORT</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="2">Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">Date of report</font> <font size="2">(Date of earliest event reported): </font><b><font size="2">October 13, 2009</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><b><font size="5">Lifetime Brands, Inc.</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">(Exact Name of Registrant as Specified in Its Charter)</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: center"><b><font size="2">Delaware</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">(State or Other Jurisdiction of Incorporation)</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="83%" border="0">
                <tr>
                    <td valign="top" nowrap width="24%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                    </td>

                    <td valign="top" nowrap width="57%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">0-19254 </font></b></p>
                    </td>

                    <td valign="top" nowrap width="17%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">11-2682486</font></b></p>
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="91%" border="0">
                <tr>
                    <td valign="top" nowrap width="16%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                    </td>

                    <td valign="top" nowrap width="52%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(Commission File Number)</font></p>
                    </td>

                    <td valign="top" nowrap width="31%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(IRS Employer Identification No.)</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: center"><b><font size="2">1000 Stewart Avenue, Garden City, New York, 11530</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">(Address of Principal Executive Offices)(Zip Code)</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">(Registrant&rsquo;s Telephone Number, Including Area Code) </font><b><font size="2">516-683-6000</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

        <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 3pt; TEXT-ALIGN: center"><font size="2">(Former Name or Former Address, if Changed Since Last Report) <strong>N/A</strong></font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 3.54%; TEXT-ALIGN: left"><font size="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (</font><i><font size="2">see </font></i><font size="2">General Instruction A.2. below):</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td valign="top" width="3%">
                    </td>

                    <td valign="top" width="3%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 116.64%; TEXT-ALIGN: left"><font face="Wingdings">o</font></p>
                    </td>

                    <td valign="top">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 116.64%; TEXT-ALIGN: left"><font size="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" width="3%">
                    </td>

                    <td valign="top" width="3%">&nbsp;</td>

                    <td valign="top">
                    </td>
                </tr>

                <tr>
                    <td valign="top" width="3%">
                    </td>

                    <td valign="top" width="3%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 116.64%; TEXT-ALIGN: left"><font face="Wingdings">o</font></p>
                    </td>

                    <td valign="top">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 116.64%; TEXT-ALIGN: left"><font size="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" width="3%">
                    </td>

                    <td valign="top" width="3%">&nbsp;</td>

                    <td valign="top">
                    </td>
                </tr>

                <tr>
                    <td valign="top" width="3%">
                    </td>

                    <td valign="top" width="3%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 116.64%; TEXT-ALIGN: left"><font face="Wingdings">o</font></p>
                    </td>

                    <td valign="top">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 116.64%; TEXT-ALIGN: left"><font size="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" width="3%">
                    </td>

                    <td valign="top" width="3%">&nbsp;</td>

                    <td valign="top">
                    </td>
                </tr>

                <tr>
                    <td valign="top" width="3%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 140.4%; TEXT-ALIGN: left">&nbsp;</p>
                    </td>

                    <td valign="top" width="3%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 116.64%; TEXT-ALIGN: left"><font face="Wingdings">o</font></p>
                    </td>

                    <td valign="top">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 116.64%; TEXT-ALIGN: left"><font size="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr align="center" width="100%" noshade size="2">
        </div>

        <p style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 6pt; TEXT-ALIGN: justify"><b><font size="2">Item 1.01. Entry into a Material Definitive Agreement</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; TEXT-ALIGN: justify"><font size="2">On October 13, 2009, Lifetime Brands, Inc. (the &ldquo;Company&rdquo;) and the financial institutions party to the Company&rsquo;s Second Amended and Restated Credit Agreement dated October 31, 2006, entered into an agreement&nbsp;reducing to $107 million&nbsp;the minimum net sales requirement for the quarter ended September 30, 2009. A copy of the agreement is attached hereto as Exhibit 99.1 and is
        incorporated herein by reference. </font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Item</font></b><font size="2">&nbsp;</font><b><font size="2">2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant</font></b></p>

        <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 18pt; TEXT-ALIGN: justify"><font size="2">The disclosure contained in &ldquo;Item&nbsp;1.01. &mdash; Entry into a Material Definitive Agreement&rdquo; of this Current Report on Form 8-K is hereby incorporated by reference into this Item&nbsp;2.03. </font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"><b><font size="2">Item 9.01. Financial Statements and Exhibits</font></b></p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 8pt" valign="top" align="left" width="3%">
                        <p style="MARGIN: 8pt 0in 6pt">&nbsp;</p>
                    </td>

                    <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 8pt" valign="top" align="left" width="31">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(d)</font></p>
                    </td>

                    <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 8pt" valign="top" align="left" colspan="2">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font size="2">Exhibits</font></p>
                    </td>
                </tr>

                <tr>
                    <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 8pt" valign="top" align="left" width="3%">
                    </td>

                    <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt; PADDING-TOP: 8pt" valign="top" align="left" width="31">
                    </td>

                    <td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 6pt" valign="top" align="left" width="101">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">99.1</font></p>
                    </td>

                    <td valign="top" align="left" width="957">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><a href="ex99_1-f8k101309.htm"><font size="2"><font size="2">Waiver to the Second Amended and Restated Credit Agreement, dated as of October 13, 2009, by and among Lifetime Brands, Inc., the several financial institutions party hereto and HSBC Bank USA, National Association, as Administrative Agent and Co-Collateral Agent for the Lenders.</font></font></a></p>

                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td valign="top" width="7%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                    </td>

                    <td valign="top" width="7%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify">&nbsp;</p>
                    </td>
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        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 17.23%; TEXT-INDENT: -17.23%; TEXT-ALIGN: left">&nbsp;</p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr align="center" width="100%" noshade size="2">
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        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center"><font size="2">Signature</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

        <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="90%" border="0">
            <tr>
                <td valign="top" nowrap width="50%">
                </td>

                <td valign="top" nowrap colspan="4">
                    <p><font size="2">Lifetime Brands, Inc.</font></p>

                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="50%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify">&nbsp;</p>
                </td>

                <td valign="top" nowrap width="28">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2">By:</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap width="262" colspan="1">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2"><font size="2">/s/ Laurence Winoker</font></font></p>
                </td>

                <td width="151">
                </td>

                <td>
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="50%">
                </td>

                <td valign="top" nowrap width="28">
                </td>

                <td valign="middle" nowrap width="262" colspan="1"><font size="2">Laurence Winoker</font></td>

                <td width="151">
                </td>

                <td>
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="50%">
                </td>

                <td valign="top" nowrap width="28">
                </td>

                <td valign="middle" nowrap width="262" colspan="1"><font size="2">Senior Vice President &ndash; Finance, Treasure<br>
                and Chief Financial Officer</font></td>

                <td width="151">
                </td>

                <td>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <div align="left">
            &nbsp;
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 38.46%; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 38.46%; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"><font size="2">Date: October 16, 2009</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1-f8k101309.htm
<TEXT>
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        <title></title>
    </head>

    <body style="FONT-FAMILY: 'Times New Roman'" bgcolor="#ffffff">
        <div title="EE+ Page Header">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
            <a name="Exhibit99_1"></a>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: right"><b><font size="2">Exhibit 99.1</font></b></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><b><font size="2">WAIVER</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><b><font size="2">TO</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><b><font size="2">SECOND AMENDED AND RESTATED CREDIT AGREEMENT</font></b></p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch"><b>WAIVER</b> (this &ldquo;<i>Waiver</i>&rdquo;), dated as of October 13, 2009, by and among <b>LIFETIME BRANDS, INC.</b>, (the &ldquo;<i>Borrower</i>&rdquo;), the several financial institutions party hereto and <b>HSBC BANK USA, NATIONAL ASSOCIATION</b>, as Administrative Agent and Co-Collateral Agent for the
        Lenders.</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><u><font size="2">RECITALS</font></u></p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower, the Lenders, Citibank, N.A. and Wachovia Bank, National Association, as Co-Documentation Agents, JPMorgan Chase Bank, N.A., as Syndication Agent and Co-Collateral Agent, and the Administrative Agent are parties to the Second Amended and Restated Credit
        Agreement, dated as of October 31, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the &ldquo;<i>Credit Agreement</i>&rdquo;). Unless otherwise defined herein, all capitalized terms used herein shall have the meanings ascribed to them in the Credit Agreement.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower has advised the Lenders that may not, as at September 30, 2009, be in compliance with the provisions of Sections 7.22 of the Credit Agreement.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower has requested that the Administrative Agent and the Required Lenders waive compliance by the Borrower with the requirements of Section 7.22 of the Credit Agreement for the fiscal quarter ended September 30, 2009.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Administrative Agent has advised the Borrower that the Required Lenders are willing to agree to its request on the terms and subject to the conditions set forth in this Waiver.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">Accordingly, in consideration of the foregoing, the parties hereto hereby agree as follows:</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Waiver</u>. The Administrative Agent and the Required Lenders hereby waive compliance by the Borrower with Section 7.22 of the Credit Agreement for the fiscal quarter ended September 30, 2009; <i>provided</i> <i>that</i> (a) net sales of the Borrower (as
        determined in accordance with GAAP consistently applied) was not less than $107,000,000 for the fiscal quarter ended September 30, 2009 and (b) such waiver (i)&nbsp;is limited to the matters expressly stated in this Section 1 and (ii) shall not be deemed to be a waiver of any future non-compliance with Section 7.22 of the Credit Agreement or a waiver of any violations of any other provisions of the Credit Agreement.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Conditions to Effectiveness</u>. This Waiver shall be effective upon the satisfaction of each of the following conditions:</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Administrative Agent shall have received an executed counterpart of this Waiver signed by the Borrower, the Required Lenders and the Administrative Agent.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Administrative Agent shall have received an executed counterpart of the acknowledgement and consent annexed hereto duly executed by each of the Guarantors.</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr align="center" width="100%" noshade size="2">
        </div>

        <div title="EE+ Page Header">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The representations and warranties contained in the Credit Agreement shall be true and correct in all material respects (except to the extent such representations and warranties specifically relate to an earlier date) and, after giving effect to the waivers set forth on Section 1 hereof, no Default or Event
        of Default shall exist.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the effective date of this Waiver, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower shall have paid the reasonable fees and disbursements of counsel to the Administrative Agent and the Lenders in connection with this Waiver.</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"><font size="2">The Administrative Agent shall notify the Borrower and the Credit Parties of the effective date of this Waiver, and such notice shall be conclusive and binding. </font></p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Representations and Warranties</u>. The Borrower hereby represents and warrants to the Administrative Agent and the Lenders that:</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The representations and warranties set forth in the Loan Documents (other than the representations and warranties made as of a specific date) are true and correct in all material respects as of the date hereof and with the same effect as though made on and as of the date hereof.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After giving effect to the waivers set forth in Section 1 hereof, no Default or Event of Default and no event or condition which, with the giving of notice or lapse of time or both, would constitute such a Default or Event of Default, now exists or would exist.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The execution, delivery and performance by the Borrower of this Waiver is within its organizational powers and have been duly authorized by all necessary action (corporate or otherwise) on the part of the Borrower, (ii) this Waiver is the legal, valid and binding obligation of the Borrower, enforceable
        against the Borrower in accordance with its terms, and (iii) neither this Waiver nor the execution, delivery and performance by the Borrower hereof: (A) contravenes the terms of the Borrower&rsquo;s organization documents, (B) conflicts with or results in any breach or contravention of, or the creation of any Lien under, any document evidencing any contractual obligation to which the Borrower is a party or any order, injunction, writ or decree to which the Borrower or its property is
        subject, or (C) violates any requirement of law.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Effect; No Waiver</u>.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower hereby (i) reaffirms and admits the validity and enforceability of the Loan Documents and all of its obligations thereunder and (ii) agrees and admits that it has no defenses to or offsets against any such obligation. Except as specifically set forth herein, the Credit Agreement and the other Loan
        Documents shall remain in full force and effect in accordance with their terms and are hereby ratified and confirmed. Other than as expressly set forth in Section 1 hereof, the execution, delivery and effectiveness of this Waiver shall not operate as a waiver of any existing or future Default or Event of Default, whether known or unknown or any right, power or remedy of the Administrative Agent or the Lenders under the Credit Agreement, nor constitute a waiver of any provision of the
        Credit Agreement, except as specifically set forth herein.</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <div title="EE+ Page Footer">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- 2 -</font></a></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr align="center" width="100%" noshade size="2">
        </div>

        <div title="EE+ Page Header">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower hereby (i) reaffirms all of its agreements and obligations under the Security Documents, (ii) reaffirms that all Obligations of the Borrower under or in connection with the Credit Agreement are &ldquo;<i>Obligations</i>&rdquo; as that term is defined in the Security Documents and (iii) reaffirms
        that all such Obligations continue to be secured by the Security Documents, which remain in full force and effect and are hereby ratified and confirmed.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Release</u>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>AS MATERIAL CONSIDERATION FOR THE EXECUTION OF THIS WAIVER BY THE ADMINISTRATIVE AGENT AND LENDERS PARTY HERETO AND FOR OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND
        SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, THE BORROWER, BY ITS EXECUTION OF THIS WAIVER, AND THE GUARANTORS, BY THEIR EXECUTION OF THE ACKNOWLEDGMENT AND CONSENT, FOR THEMSELVES AND ON BEHALF OF THEIR RESPECTIVE DIRECTORS, OFFICERS, MEMBERS, EMPLOYEES, REPRESENTATIVES, SUCCESSORS AND ASSIGNS (COLLECTIVELY, THE &ldquo;</b><i><b>RELEASORS</b></i><b>&rdquo;), HEREBY WAIVE, RELEASE, REMISE, ACQUIT AND DISCHARGE THE ADMINISTRATIVE AGENT AND THE LENDERS AND EACH AND ANY OF THEIR
        RESPECTIVE PARENTS, AFFILIATES, DIRECTORS, OFFICERS, LENDER, EMPLOYEES, REPRESENTATIVES, SHAREHOLDERS, ATTORNEYS, ACCOUNTANTS, CONSULTANTS, ADVISORS, SUCCESSORS, AND ASSIGNS (COLLECTIVELY, THE &ldquo;</b><i><b>RELEASEES</b></i><b>&rdquo;) OF AND FROM ANY AND ALL CONTROVERSIES, DAMAGES, COSTS, LOSSES, CAUSES OF ACTION, SUITS, JUDGMENTS, CLAIMS, RECOUPMENTS, COUNTERCLAIMS OR DEMANDS, OF EVERY TYPE, KIND, NATURE, DESCRIPTION OR CHARACTER, WHETHER NOW EXISTING OR THAT COULD, MIGHT, OR MAY
        BE CLAIMED TO EXIST, OF WHATEVER KIND OR NAME, WHETHER KNOWN OR UNKNOWN, LIQUIDATED OR UNLIQUIDATED, FIXED OR CONTINGENT, FORESEEABLE OR UNFORESEEABLE, EACH AS THOUGH FULLY SET FORTH HEREIN AT LENGTH, IN LAW OR EQUITY, WHICH ANY OF THE RELEASORS PREVIOUSLY HAD FROM THE BEGINNING OF THE WORLD OR NOW HAVE AGAINST ANY OF THE RELEASEES THROUGH THE DATE HEREOF, RELATED TO OR CONNECTED WITH THE LOAN DOCUMENTS, THIS WAIVER, OR THE TRANSACTIONS CONTEMPLATED BY ANY OF THE FOREGOING</b></p>

        <div align="left">
            <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Miscellaneous</u>.</p>
        </div>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Borrower shall pay the Administrative Agent upon demand for all reasonable expenses, including reasonable attorneys&rsquo; fees and expenses of the Administrative Agent, incurred by the Administrative Agent in connection with the preparation, negotiation and execution of this Waiver.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THIS WAIVER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AS OPPOSED TO THE CONFLICTS OF LAW PROVISIONS, BUT INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK) AND DECISIONS OF THE STATE OF NEW YORK.</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Waiver shall be binding upon the Borrower, the Administrative Agent and the Lenders and their respective successors and assigns, and shall inure to the benefit of the Borrower, the Administrative Agent and the Lenders and the respective successors and assigns of the Administrative Agent and the
        Lenders.</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <div title="EE+ Page Footer">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- 3 -</font></a></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr align="center" width="100%" noshade size="2">
        </div>

        <div title="EE+ Page Header">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1.42in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: para a">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Waiver may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same instrument.</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><font size="2">[</font><i><font size="2">Signature pages follow</font></i><font size="2">.]</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <div title="EE+ Page Footer">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><a name="PAGENUM"><font size="2">- 4 -</font></a></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

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            <hr align="center" width="100%" noshade size="2">
        </div>

        <p>&nbsp;</p>

        <p style="FONT-SIZE: 10pt; TEXT-INDENT: 1in; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; EEPStyleName: Para Just 10pt TNR First Line Ind 1 Inch">AS EVIDENCE of the agreement by the parties hereto to the terms and conditions herein contained, each such party has caused this Waiver to be executed on its behalf.</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify"></p>

        <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr>
                <td valign="top" nowrap width="50%">
                </td>

                <td valign="top" nowrap colspan="3">
                    <p><font size="2">LIFETIME BRANDS, INC.</font></p>

                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="50%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify">&nbsp;</p>
                </td>

                <td valign="top" nowrap width="28">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2">By:</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap width="265" colspan="1">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2"><font size="2">/s/ Laurence Winoker</font></font></p>
                </td>

                <td width="200">
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="50%">
                </td>

                <td valign="top" nowrap width="28">
                </td>

                <td valign="middle" nowrap width="265" colspan="1"><font size="2">Laurence Winoker</font></td>

                <td width="200">
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="50%">
                </td>

                <td valign="top" nowrap width="28">
                </td>

                <td valign="middle" nowrap width="265" colspan="1"><font size="2">Senior Vice President<br>
                and Chief Financial Officer</font></td>

                <td width="200">
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <div title="EE+ Page Footer">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 6pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><font size="2">LIFETIME BRANDS OCTOBER 2009 WAIVER SIGNATURE PAGE</font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

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            <hr align="center" width="100%" noshade size="2">
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 41.67%; LINE-HEIGHT: 90%; TEXT-ALIGN: left">&nbsp;</p>

        <p></p>

        <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr>
                <td valign="top" nowrap width="45%">
                </td>

                <td valign="top" nowrap colspan="3">
                    <p><font size="2">HSBC BANK USA, NATIONAL ASSOCIATION,<br>
                    as Administrative Agent, Co-Collateral Agent, Issuer and Lender</font></p>

                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="45%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify">&nbsp;</p>
                </td>

                <td valign="top" nowrap width="28">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2">By:</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap width="265" colspan="1">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2"><font size="2"><font size="2"><font size="2">/s/ Thomas Getty</font></font></font></font></p>
                </td>

                <td width="200">
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="45%">
                </td>

                <td valign="top" nowrap width="28">
                </td>

                <td valign="middle" nowrap width="265" colspan="1"><font size="2">Thomas A. Getty, Jr</font></td>

                <td width="200">
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="45%">
                </td>

                <td valign="top" nowrap width="28">
                </td>

                <td valign="middle" nowrap width="265" colspan="1"><font size="2">Vice President</font></td>

                <td width="200">
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p><br>
        &nbsp;</p>

        <p>&nbsp;</p>

        <p>&nbsp;</p>

        <div title="EE+ Page Footer">
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            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><font size="2">LIFETIME BRANDS OCTOBER 2009 WAIVER SIGNATURE PAGE </font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr align="center" width="100%" noshade size="2">
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 50%; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 41.67%; LINE-HEIGHT: 90%; TEXT-ALIGN: justify">&nbsp;</p>

        <p></p>
        <br>

        <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
            <tr>
                <td valign="top" nowrap width="45%">
                </td>

                <td valign="top" nowrap colspan="3">
                    <p><font size="2">JPMORGAN CHASE BANK, N.A.,<br>
                    as Syndication Agent, Co-Collateral Agent and Lender</font></p>

                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="45%">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify">&nbsp;</p>
                </td>

                <td valign="top" nowrap width="39">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2">By:</font></p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap width="300" colspan="1">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2"><font size="2"><font size="2"><font size="2"><font size="2"><font size="2">/s/ Joesph Lisack</font></font></font></font></font></font></p>
                </td>

                <td width="200">
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="45%">
                </td>

                <td valign="top" nowrap width="39"><font size="2">Name: </font></td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap width="300" colspan="1"><font size="2">Joseph Lisack</font></td>

                <td width="200">
                </td>
            </tr>

            <tr>
                <td valign="top" nowrap width="45%">
                </td>

                <td valign="top" nowrap width="39"><font size="2">Title:</font></td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap width="300" colspan="1"><font size="2">Vice President</font></td>

                <td width="200">
                </td>
            </tr>
        </table>
        <br>

        <p>&nbsp;</p>

        <div align="left">
            &nbsp;
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <div title="EE+ Page Footer">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><font size="2">LIFETIME BRANDS OCTOBER 2009 WAIVER SIGNATURE PAGE </font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr align="center" width="100%" noshade size="2">
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 50%; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

        <p>&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td valign="top" nowrap width="45%">
                    </td>

                    <td valign="top" nowrap colspan="4">
                        <p><font size="2">CITIBANK, N.A.,<br>
                        as Co-Documentation Agent and Lender</font></p>

                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="45%">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify">&nbsp;</p>
                    </td>

                    <td valign="top" nowrap width="39">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2">By:</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap colspan="2">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2"><font size="2">/s/ Anthony J. Timpanaro</font></font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="45%">
                    </td>

                    <td valign="top" nowrap width="39"><font size="2">Name:</font></td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap colspan="2"><font size="2">Anthony J. Timpanaro</font></td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="45%">
                    </td>

                    <td valign="top" nowrap width="39">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2">Title: </font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap colspan="2"><font size="2">Vice President</font></td>

                    <td width="269">
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <div title="EE+ Page Footer">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><font size="2">LIFETIME BRANDS OCTOBER 2009 WAIVER SIGNATURE PAGE </font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr align="center" width="100%" noshade size="2">
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 50%; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

        <p>&nbsp;</p>

        <div align="left">
            <table cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td valign="top" nowrap width="45%">
                    </td>

                    <td valign="top" nowrap colspan="4">
                        <p><font size="2">WACHOVIA BANK, NATIONAL ASSOCIATION,<br>
                        as Co-Documentation Agent and Lender</font></p>

                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="45%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" nowrap width="40">
                        <p><font size="2">By:</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap colspan="2">
                        <p><font size="2"><font size="2">/s/ Steven Markunas</font></font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="45%">
                    </td>

                    <td valign="top" nowrap width="40">
                        <p><font size="2"><font size="2"><font size="2">Name: </font></font></font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap colspan="2"><font size="2">Steven Markunas</font></td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="45%">
                    </td>

                    <td valign="top" nowrap width="40"><font size="2">Title:</font></td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="middle" nowrap colspan="2"><font size="2">Assistant Vice President</font></td>

                    <td width="269">
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <div title="EE+ Page Footer">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><font size="2">LIFETIME BRANDS OCTOBER 2009 WAIVER SIGNATURE PAGE </font></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: justify"></p>
        </div>

        <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
            <hr align="center" width="100%" noshade size="2">
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; LINE-HEIGHT: 90%; TEXT-ALIGN: center"><b><font size="2">ACKNOWLEDGEMENT AND CONSENT</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 18pt; TEXT-INDENT: 8.33%; TEXT-ALIGN: justify"><font size="2">Each of the undersigned Guarantors hereby (1) consents to the execution and delivery by the Borrower of the foregoing Waiver; (2) confirms and agrees that it is a Guarantor party to the Guarantee Agreement and a Grantor party to the Security Agreement and that the Guarantee Agreement, the Security Agreement and the other Loan Documents to which it is a party are, and shall continue to
        be, in full force and effect in accordance with their respective terms, (3) agrees that the definition of &ldquo;</font><i><font size="2">Obligations</font></i><font size="2">&rdquo; (and any other term referring to the indebtedness, liabilities and obligations of the Borrower to the Administrative Agent or any of the Lenders) in the Guarantee Agreement and the other Loan Documents shall include the Indebtedness of the Borrower under the foregoing Waiver; (4) agrees that the definition
        of &ldquo;</font><i><font size="2">Credit Agreement</font></i><font size="2">&rdquo; in the Guarantee Agreement and the other Loan Documents to which it is a party is hereby amended to mean the Credit Agreement as modified by the foregoing Waiver; (5)&nbsp;reaffirms its continuing liability under its Guarantee Agreement (as modified hereby); (6)&nbsp;reaffirms all of its agreements and obligations under the Security Documents; (7)&nbsp;reaffirms that all Obligations of the Borrower
        under or in connection with the Credit Agreement as modified by the foregoing Waiver are &ldquo;</font><i><font size="2">Obligations</font></i><font size="2">&rdquo; as that term is defined in the Security Documents; and (8) reaffirms that all such Obligations continue to be secured by the Security Documents, which remain in full force and effect and are hereby ratified and confirmed. </font></p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap colspan="2">
                        <p><strong><font size="2">OUTLET RETAIL STORES, INC.</font></strong></p>

                        <p>&nbsp;</p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify">&nbsp;</p>
                    </td>

                    <td valign="top" nowrap width="26">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2">By:</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" nowrap width="308">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%" align="center"><font size="2">/s/ Laurence Winoker</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap width="26">
                    </td>

                    <td valign="top" nowrap width="308">
                        <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%" align="center"><font size="2">Laurence Winoker</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap width="26">
                    </td>

                    <td valign="top" nowrap width="308">
                        <p align="center"><font size="2">Senior Vice President and Chief Financial Officer</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>
            </table>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 52%; LINE-HEIGHT: 90%; TEXT-ALIGN: center">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap colspan="2">
                        <p><strong><font size="2">PFALTZGRAFF FACTORY STORES, INC.</font></strong></p>

                        <p>&nbsp;</p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify">&nbsp;</p>
                    </td>

                    <td valign="top" nowrap width="26">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2">By:</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" nowrap width="308">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%" align="center"><font size="2">/s/ Laurence Winoker</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap width="26">
                    </td>

                    <td valign="top" nowrap width="308">
                        <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%" align="center"><font size="2">Laurence Winoker</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap width="26">
                    </td>

                    <td valign="top" nowrap width="308">
                        <p align="center"><font size="2">Senior Vice President and Chief Financial Officer</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            &nbsp;
        </div>

        <div align="left">
            &nbsp;
        </div>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap colspan="2">
                        <p><strong><font size="2">SYRATECH ACQUISITION CORPORATION</font></strong></p>

                        <p>&nbsp;</p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify">&nbsp;</p>
                    </td>

                    <td valign="top" nowrap width="26">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2">By:</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" nowrap width="308">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%" align="center"><font size="2">/s/ Laurence Winoker</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap width="26">
                    </td>

                    <td valign="top" nowrap width="308">
                        <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%" align="center"><font size="2">Laurence Winoker</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap width="26">
                    </td>

                    <td valign="top" nowrap width="308">
                        <p align="center"><font size="2">Senior Vice President and Chief Financial Officer</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            &nbsp;
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap colspan="2">
                        <p><font size="2"><strong>LTB DE MEXICO, S.A. DE C.V.</strong></font></p>

                        <p>&nbsp;</p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify">&nbsp;</p>
                    </td>

                    <td valign="top" nowrap width="26">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2">By:</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" nowrap width="308">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%" align="center"><font size="2">/s/ Laurence Winoker</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap width="26">
                    </td>

                    <td valign="top" nowrap width="308">
                        <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%" align="center"><font size="2">Laurence Winoker</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap width="26">
                    </td>

                    <td valign="top" nowrap width="308">
                        <p align="center"><font size="2">Director</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            &nbsp;
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap colspan="2">
                        <p><strong><font size="2">TMC ACQUISITION INC.</font></strong></p>

                        <p>&nbsp;</p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify">&nbsp;</p>
                    </td>

                    <td valign="top" nowrap width="26">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%; TEXT-ALIGN: justify"><font size="2">By:</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" nowrap width="308">
                        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%" align="center"><font size="2">/s/ Laurence Winoker</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap width="26">
                    </td>

                    <td valign="top" nowrap width="308">
                        <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 97.2%" align="center"><font size="2">Laurence Winoker</font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap width="450">
                    </td>

                    <td valign="top" nowrap width="26">
                    </td>

                    <td valign="top" nowrap width="308">
                        <p align="center"><font size="2"><font size="2">Senior Vice President and Chief Financial Officer</font></font></p>
                    </td>

                    <td width="269">
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            &nbsp;
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify">&nbsp;</p>

        <div title="EE+ Page Footer">
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