Exhibit 10.7
PORTIONS OF THIS EXHIBIT 10.7 MARKED BY AN *** HAVE BEEN OMITTED PURSUANT
TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE
SECURITIES AND EXCHANGE COMMISSION

 

 

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CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.
DMG — W
Jeans Accessories WS (+India)
23 June 2011/27 Jun 11/ 7 July 2011
July 8, 2011
Warnaco Asia Limited as successor to CK Jeanswear Asia Limited (“CKJA”)
CK Jeanswear Australia, Ltd. (“CKJ Aus”)
CK Jeanswear New Zealand, Ltd. (“CKJNZ”)
CK Jeanswear Korea, Ltd. (“CKJK”)
CK Jeanswear Shanghai, Ltd. (“CKJS”)
WF Overseas Fashion C.V. (“WFOF”)
(“CKJA Group Entities”)

Warnaco B.V. as successor to CKJ Jeanswear N.V. (as “guarantor”) (“CKJNV”
together with the CKJA Group Entities and their respective affiliates and
successors within the Warnaco family of companies, hereinafter all collectively
(the “CKJ Entities” or “W” or “Warnaco”)

Re:  
Calvin Klein, Inc. (“CKI”) and CKJE, CKJA and WFOF “Calvin Klein Jeans” Jeans
Accessories License d. 31 Jan 06 as amended (“Jeans Accessories License”)

Ladies and Gentlemen:
The CKJ Entities have requested and CKI hereby agrees, effective July 8, 2011
(the “Effective Date”), to add India to the “Territory” covered under the Jeans
Accessories License, as follows:

A.  
The parties contemplate that W will be entering into and forming, together with
Murjani India, Ltd. (“Murjani”) a joint venture arrangement for the sale of
products and conduct of business in India (the “India Joint Venture”).
  B.  
CKI hereby confirms that it has provided its consent to the grant of rights by W
hereunder to the India Joint Venture, provided that they are consistent with the
terms and conditions of this Amendment (and, as applicable, the Jeans
Accessories License).
  C.  
The parties confirm, acknowledge and agree that W and the India Joint Venture
may enter into additional written agreements to give full effect to the grant of
rights by W to the India Joint Venture, as contemplated herein (the “Additional
Agreements”). The Additional Agreements shall be prepared in accordance with the
terms, conditions and obligations of W under the Jeans Accessories License as
amended hereby.
  D.  
CKI and W hereby confirm and agree that the following amendments shall be made
to the Jeans Accessories License to add India to the Territory thereunder and to
set forth the obligations of W (and W’s delegation of such rights and
obligations to the India Joint Venture provided W guarantees performance of all
such obligations by said India Joint Venture) with respect to India.

  1.  
The “Territory” as defined under the Jeans Accessories License shall, from and
after the Effective Date include India as a separate region.

  2.  
The “Percentage Fees” solely with respect to the India region under the Jeans
Accessories License shall be as follows:

  a.  
***
    b.  
***
    c.  
***

 

 

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  3.  
The “Minimum Guaranteed Fees” (“MGF”) solely with respect to the India region
under the Jeans Accessories License shall be as follows:

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

          Year/Annual Period   MGF US$  
***
    ***  
***
    ***  
***
    ***  
***
    ***  
***
    ***  
***
    ***  
***
    ***  
***
    ***  
***
    ***  
***
    ***  
 
    ***  

  4.  
The “Minimum Advertising Expenditures” (“MAE”) solely with respect to the India
region under the Jeans Accessories License shall be as follows:

  a.  
***

  b.  
***

  5.  
Commencing in ***, the “Minimum Net Sales Thresholds” (“MNST”) solely with
respect to the India region under Jeans Accessories License shall be as follows:

  a.  
***

  b.  
***

  6.  
MGF’s and MAE’s shall separately apply and be separately credited towards earned
Percentage Fees and earned advertising expenditure as to the sales in India
only, not aggregated with those for other jurisdictions or regions under the
Jeans Accessories License.

  7.  
This amendment to the Jeans Accessories License shall be considered as having
been entered into in the State of New York and shall be construed and
interpreted in accordance with the laws of that state applicable to agreements
made and to be performed therein.

  8.  
Except as set forth herein, the Jeans Accessories License remains in full force
and effect as set forth therein. Defined terms, unless otherwise provided
herein, shall have the meaning assigned to each of them in the Jeans Accessories
License. Except as otherwise indicated herein, all terms and conditions of the
Jeans Accessories License shall continue to apply. This amendment may not be
amended or modified, or terminated except in writing signed by all parties
hereto and exchanged amongst them.

The parties have executed this amendment as of the date first written above.
[Signature Page Follows]

 

 

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CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

            Calvin Klein, Inc.
      By:   /s/ Pamela Bradford         Warnaco Asia Limited
      By:   /s/ Stanley Silverstein               CK Jeanswear Australia, Ltd.  
    CK Jeanswear New Zealand, Ltd.        CK Jeanswear Korea, Ltd.        CK
Jeanswear Shanghai, Ltd.        By:   /s/ Stanley Silverstein         WFOF
Overseas Fashion C.V.
      By:   /s/ Marissa Pagnani         Acknowledged by:
[India Joint Venture]
      By:   /s/ Stanley Silverstein