EX-10.14



 Exhibit 10.14 

[ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN
THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT OF 1933, AS
AMENDED 
 LOGISTICS SERVICES AGREEMENT 

This Logistics Services Agreement (“Agreement”) is entered into this 24th day of April, 2014, by and between Stitch Fix, Inc., having its principal
place of business at 731 Market Street, Ste. 500, San Francisco, CA 94103 (“CLIENT”) and Ozburn-Hessey Logistics, LLC d/b/a OHL, a Tennessee limited liability company, having its principal place of business at 7101 Executive Center Drive,
Suite 333, Brentwood, Tennessee 37027 (“OHL”). OHL and CLIENT may be referred to herein each as a “Party” and collectively, as the “Parties”. 

WITNESSETH: 
 WHEREAS, CLIENT and OHL
desire to enter into an agreement covering certain operations whereby OHL will provide certain logistics and storage services for CLIENT; 
 WHEREAS CLIENT
and OHL have agreed to use the space utilized by OHL and approved by CLIENT to perform the Services, which space consists of approximately 110,000 sq. ft. within the Warehouse located at 1631 Opus Drive, Plainfield, IN 46168
(“Warehouse”); 
 NOW, THEREFORE, in consideration of the premises and mutual covenants set forth herein, the Parties agree as follows: 

 

	1.	TERM 

 This Agreement shall become effective on May 1, 2014 (“Commencement Date”), and
shall continue in force and effect for a period of three (3) years and for each year thereafter by automatically renewing for successive periods of one (1) year each, unless terminated by either Party by delivery of a written termination
in a Timely Manner. ‘‘Timely Manner” means, in the case of OHL, two hundred and seventy (270) days prior to the end of the then current term or, in the case of Client, one hundred and eighty (180) days prior to the end of
the then applicable term or unless earlier terminated as provided herein in Section 6 below. The initial three year term and each renewal term shall be collectively referred to as “Term”. 

 

	2.	SERVICES 

  

	 	A.	OHL Services 

 OHL shall provide the warehouse, equipment, systems, supporting infrastructure, and
personnel (collectively “Facilities and Resources”) necessary for the performance of the logistics, fulfillment, distribution, and such other services, functions, and solutions as are outlined in Exhibit A, reasonably deemed
necessary by CLIENT for its business or otherwise required under this Agreement (the “Services”), for handling CLIENT’s Products. Notwithstanding the preceding, OHL will run its operations on behalf of CLIENT using the
CLIENT’s existing IT systems and processes, for which CLIENT will handle the installation and provide necessary equipment (collectively, such systems and equipment the “Client Equipment”). OHL shall perform all work exercising
reasonable care for the operation of the Warehouse and the receipt, handling, storage, segregation, order picking, marking for shipment and shipment of CLIENT’s Products will all be in accordance with this Agreement. OHL shall (i) keep and
maintain, using reasonable care, all facilities and equipment used by OHL in performing its Services hereunder in a clean, proper, and safe operating condition, (ii) maintain the Warehouse in a neat and presentable condition, and
(iii) train and supervise its employees in the performance of their work on CLIENT’s behalf in an efficient, safe and legal manner. 

CLIENT reserves the right to request for any products, goods or materials stored in the Warehouse that may cause CLIENT’s Products to be tainted with
unwanted odors to be removed. 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  


	 	B.	Requests for Changes 

 From time-to-time, CLIENT may request changes (including additions, modifications,
and deletions) to the Services and Facilities & Resources. OHL will promptly review and discuss any such request from CLIENT and notify CLIENT in writing of any adjustments to the Agreement required to implement such request. OHL will use
commercially reasonable efforts to provide any change requested by CLIENT at no additional charge. To the extent that additional charges are necessary the Parties agree to follow the Rate Modification process set forth in Section 6 B below. OHL
will also provide CLIENT reasonable access to OHL personnel, facilities, equipment, or resources that CLIENT may need or request. Any changes and adjustments approved in writing by the parties will be incorporated into this Agreement. 

 

	 	C.	Continuous Improvement 

 OHL will periodically identify ways to improve the quality of the Services and
Facilities & Resources and, without violating its non-disclosure obligations, continuously identify and apply proven techniques and tools to improve CLIENT’s processes. 

 

	 	D.	Performance Metrics 

 OHL will provide and perform in accordance with this Agreement and at or above the
minimum key performance indicators set forth in the attached Exhibit F. Exhibit F is an integral part of this Agreement and is hereby incorporated into this Agreement by reference. 

 

	 	E.	General Standard of Performance 

 All Services (other than those which have expressly defined key
performance indicators in Exhibit F) must be performed with at least the same degree of accuracy, completeness, efficiency, quality, and timeliness as are provided by well-managed suppliers providing services similar to these. OHL will maintain the
security of the inventory, CLIENT’s equipment, and the warehouse; store the inventory and CLIENT’s equipment within appropriate environmental conditions; protect the inventory and CLIENT’s equipment from damage or loss in accordance
with this Agreement, and otherwise maintain the Warehouse in conformance with the best standards in the industry. Furthermore, CLIENT recognizes that the Landlord of the Facility has responsibility for maintenance of the roof structure and membrane
under its lease with OHL and is responsible for all maintenance and repairs of the same. OHL will be responsible for enforcing Landlord’s compliance with its obligations under the lease. 

 

	 	F.	Representations and Warranties 

 OHL represents and warrants that (i) it has the full and
unrestricted right, power and authority to enter into this Agreement and to perform its obligations and provide the services, facilities, and resources described in this Agreement in accordance with the terms of this Agreement; (ii) the
performance of its obligations hereunder do not and will not violate (a) any applicable law or regulation, (b) agreement, obligation or understanding (whether oral or written) to which it is a party, or (c) any third party’s
property rights; and (iii) it will provide the Services in a good and workmanlike manner. 
  

	3.	INVENTORY AND STORAGE 

  

	 	A.	Tender for Storage 

 (1) As set forth in Exhibit C, CLIENT warrants that, to its
knowledge, it has provided all necessary documentation and proper handling instructions for all Products to be stored and handled by OHL, and that such information is accurate, complete and sufficient to allow OHL to comply with all laws,
regulations and ordinances concerning the storage, handling, shipping and transporting of such Products. In the event CLIENT becomes aware of any new, additional or incomplete information not 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 
previously provided and set forth in Exhibit C, CLIENT shall promptly provide such information in writing to OHL. CLIENT will indemnify and hold OHL harmless from all loss, cost, fine, penalty
and expense (including reasonable attorneys’ fees and costs) which OHL pays or incurs as a result of CLIENT failing to fully discharge this obligation. All Products for storage and handling shall be delivered to OHL properly marked and packaged
for handling. CLIENT shall furnish at or prior to such delivery, a manifest showing marks, brands, or sizes to be kept and accounted for separately, and the class of storage and other services desired. In the event that any Products constitute or
contain Hazardous Materials as described in Section 22, CLIENT must include in Exhibit C such classification and provide all information necessary to allow OHL to safely handle, store and ship such Products in full compliance with all federal,
state and local statutes, ordinances and regulations. 
 (2) OHL is not a guarantor of the condition of the Products under any
circumstances, including but not limited to hidden, concealed, or latent defects in the Products. Concealed shortages, damage or tampering will not be the responsibility of OHL, nor will OHL be liable for loss or damage to the extent caused by any
act or omission of CLIENT, CLIENT’s contractors, a public authority or the inherent vice or nature of the Products. OHL shall be liable for damages or goods caused by a breach of the agreement, negligence, willful misconduct, or shrinkage in
excess of 0.2% as provided in Section 9E. OHL is responsible for goods from other tenants in same multi-tenant building that cause problems or odors with CLIENT’s inventory. Notwithstanding anything contained herein to the contrary, all
Products are warehoused at CLIENT’s risk or loss, and OHL assumes no responsibility for leakage from packages, variations in weights, shrinkage in weights, odor, rot, taint or other inherent qualities of the merchandise, whether occurring while
Products are in storage, being handled or for failure to detect or remedy the same. OHL assumes no responsibility for losses arising from sprinkler leakage, fire, smoke, or any other cause beyond the control of OHL in the exercise of its duty of
care as set forth above in Section 2A. CLIENT recognizes that responsibility for items related to any sprinkler leakage, not caused by OHL, is the responsibility of the Landlord under its lease with OHL. OHL will be responsible for enforcing
Landlord’s compliance with its obligations under the lease. 
 (3) CLIENT shall not ship Products to OHL as named consignee. If
Products are shipped to OHL as named consignee, CLIENT agrees to notify the carrier in writing prior to such shipment, with a copy of such notice to OHL, that OHL is a warehouseman and has no beneficial title or interest in such property. CLIENT
further agrees that, if it fails to notify carrier as required by the preceding sentence, OHL shall have the right to refuse such Products and shall not be liable or responsible for any loss, injury or damage of any nature to, or related to such
Products. 
 (4) OHL may refuse to accept any Products that, in the reasonable judgment of OHL, would cause the Products to occupy more
space in the Warehouse than is then available to CLIENT pursuant to this Agreement, provided OHL has given CLIENT as much notice as is reasonably possible that the space occupied by the Products is approaching maximum capacity pursuant to this
Agreement. OHL agrees to notify CLIENT before it refuses Products in order to enable a joint effort by the parties to locate and secure another suitable storage facility that will accept the Products. 

 

	 	B.	Delivery Requirements 

 (1) No Products shall be delivered or transferred except upon
receipt by OHL of complete written instructions, including, if applicable, full compliance with Section 23 of this Agreement. Written instructions shall include, but are not limited to, communication by Fax, EDI, Email or similar communication;
provided, however that OHL shall have no liability when relying on the information contained in the communication received. Notwithstanding the foregoing, when no negotiable receipt is outstanding, Products may be delivered upon instruction by
telephone in accordance with a prior written authorization, but OHL shall not be responsible for loss or error occasioned thereby. 
 (2)
When a negotiable receipt has been issued, no Products covered by that receipt shall be delivered or transferred on the books of OHL, unless the receipt, properly endorsed, is surrendered for cancellation, or for endorsement of partial delivery
thereon. If a negotiable receipt is lost 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 
or destroyed, delivery of Products may be made only upon order of a court of competent jurisdiction or the award of an arbitration panel and the posting of security approved by the court or
arbitration panel as provided by law. 
  

	4.	INDEPENDENT CONTRACTOR 

 In the performance of the services hereunder, OHL shall act as an independent
contractor and the employees of OHL and its subcontractors, if applicable, performing services hereunder shall not be deemed to be employees of CLIENT, and CLIENT shall not be responsible for their acts or omissions. OHL shall have no obligation to
hire any potential employee or contractor recommended by CLIENT. If any former CLIENT employee shall be hired by OHL, such employee shall start work as a new employee and receive no credit for prior service with CLIENT. In the event CLIENT is
dissatisfied with the performance of an OHL employee or subcontractor, OHL will agree to remove or transfer any OHL employee from CLIENT’s account upon request. 

During the Term of this Agreement and any extensions thereof, and for a period of six (6) months thereafter, neither Party shall directly or indirectly
solicit for employment or actually employ, retain, contract or otherwise hire any employees of the other Party involved in the performance, provision, procurement or evaluation of the Services, unless agreed to in writing by the other Party;
provided that this prohibition shall not apply to any general solicitation not directed exclusively or primarily to individuals employed by the other Party. 
  

	5.	CLERICAL WORK AND RECORDS 

 OHL shall maintain receiving and shipping papers, inventory records, and such
other records specific to the Services performed by OHL, as may be reasonably required by CLIENT. Such records may be inspected by CLIENT upon reasonable notice given to OHL, provided that CLIENT is accompanied by OHL during such inspection and such
inspection occurs during regular working hours and in accordance with procedures established by OHL and CLIENT. The keeping of records and the performance of clerical work provided hereunder shall be consistent with overall procedures established by
OHL and CLIENT. Copies of the records to be kept hereunder shall be furnished to CLIENT upon request. OHL reserves the right to charge CLIENT for the cost of providing such copies. CLIENT shall have the right upon 24 hrs notice to OHL to enter and
inspect the Warehouse and the Products in storage. Notwithstanding the foregoing, in the event there are any issues of Product contamination potentially arising in the Warehouse, CLIENT may immediately inspect all OHL operations within the
Warehouse. 
  

	6.	COMPENSATION 

  

	 	A.	Rate and Modifications 

 CLIENT shall pay OHL for the Services hereunder pursuant to the rates set forth
in Exhibit B - Rates (“Rate”), until the first anniversary of the Commencement Date. Ninety (90) days prior to each anniversary of the Commencement Date, the Parties shall enter into good faith negotiations as to the Rate for the
next year of the Agreement and shall conclude said negotiations prior to the date that is thirty (30) days before the then applicable anniversary of the Commencement Date. In the event that the Parties are not able to come to agreement on the
following year’s Rate, the Rate for the following year shall be adjusted according to the Consumer Price Index (CPI) Guidelines as published by the U.S. Government - reference: http://www.bls.gov/cpi/#tables. Rate adjustments made
in accordance with the CPI Guidelines shall become effective on the anniversary of the Commencement Date of the Agreement. 
  

	 	B.	Rate Modifications due to Changed Circumstances 

 (1) Notwithstanding anything to the
contrary, at any time during the Term of this Agreement, upon the occurrence of an alteration in the scope of the Services to be performed hereunder or a material change in circumstances affecting the expectations of the Parties to this Agreement,
OHL or 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 
CLIENT may propose a change in the Rate. Any such proposal shall be made by giving written notice thirty (30) days prior to the effective date of the new Rate specified in the notice, and
the proposal shall contain specific details of the reason for the proposed change. Upon mutual agreement the proposed new Rate shall become effective as of the date specified in the proposal and any such new Rate shall be effective for the remainder
of the then current year of the Term following the most recent anniversary of the Commencement Date. The Rate in subsequent years of the Term shall thereafter be determined in accordance with Section 6(A) above. 

(2) In the event the Parties cannot agree to a change in the Rate proposed under subsection (1) above within sixty (60) days, either
Party may terminate this Agreement in accordance with the Termination provisions of Section 7 and any termination by OHL shall be deemed to be for cause. 
  

	 	C.	Invoices and Payment Terms 

 OHL shall bill CLIENT weekly for all variable charges (i.e. labor and
equipment), monthly in advance for all fixed or recurring charges (i.e. storage, capital equipment) and monthly in arrears for all supplies and other expenses as set forth in Exhibit B. Terms of payment shall be net 30 days from date of
invoice, without deduction or hold back. OHL’s invoice shall be accompanied by such records acceptable to both Parties. All invoices not paid within 30 days from date of invoice will be subject to a 1.5% late fee per month. Any invoice
dispute issues will be handled in accordance with the Dispute Resolution process outlined as set forth in Section 21 of this LSA. 
  

	7.	TERMINATION 

  

	 	A.	Termination for Convenience 

 (1) Either Party may terminate this Agreement for its
convenience in whole or in part from time to time, upon giving written notice delivered by certified or registered mail not less than one hundred eighty (180) days prior to the termination date for the CLIENT, and two hundred seventy
(270) days for OHL, specified in the notice to the other Party. After receipt of the termination notice, and except as otherwise mutually agreed, OHL agrees to continue the Services under this Agreement until such termination date. 

(2) In the event of a termination by CLIENT pursuant to subsection (1) above, after receipt of the termination notice, OHL shall submit
to CLIENT its claim for the Termination Amount as determined pursuant to Section C below. Such claim shall be submitted promptly but in no event later than thirty (30) days from the effective date of termination, unless extensions of time are
granted in writing by mutual consent. 
  

	 	B.	Termination for Cause 

 (1) Either Party may terminate this Agreement upon the occurrence
of an Event of Default by the other Party, as defined and specifically set forth below. Such termination shall be effective by giving written notice delivered by certified or registered mail to the other Party. Following notice to terminate and
until the date of termination, the parties will work together in good faith to ensure that there is no material impact on the Services provided by OHL. Upon termination pursuant to this Section, OHL shall discontinue the Services under this
Agreement on the date specified in the notice. 
 (2) CLIENT may terminate this Agreement for cause upon occurrence of any of the following
material breaches (each referred to herein as an “Event of Default”): 
 a. if for any reason other than one or
more of the causes specified in Section 10 of this Agreement entitled “Force Majeure”, OHL shall cease executing any Services for a period of ten (10) days; 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 b. if OHL shall (i) fail to employ a work force sufficient to adequately
perform the Services or (ii) fail to increase such force to such extent necessary to perform the Services and as reasonably requested by CLIENT and does not cure such breach within thirty (30) days of notice from CLIENT of said breach; or

 c. if OHL shall become insolvent or bankrupt or make any general assignment for the benefit of its creditors or if any
trustee or receiver of any substantial part of OHL’s assets shall be appointed, and such action is not dismissed within thirty (30) days of such action. 

d. if OHL materially breaches any provision of this Agreement, then Client may elect to terminate, in whole or in part, upon
thirty (30) days written notice if OHL fails to cure the breach. 
 Upon any such Event of Default, CLIENT shall have the right, in addition to all
other rights and remedies that it might have at law or in equity against OHL, to take over the uncompleted Services and complete the same or contract with others for the completion of the same, at which time OHL shall be relieved of all obligations
under this Agreement except for those mutually agreed upon. 
 (3) OHL may terminate this Agreement for cause upon occurrence of any of the
following material breaches (each referred to herein as an “Event of Default”): 
 a. if CLIENT shall become
insolvent or bankrupt or make any general assignment for the benefit of its creditors or if any trustee or receiver of any substantial part of CLIENT’s assets shall be appointed, and such action is not dismissed within thirty (30) days of
such action; 
 b. if CLIENT shall not pay undisputed invoices due OHL according to the terms of the Agreement and such
invoices shall remain unpaid for a period of sixty (60) days; 
 c. if CLIENT shall materially alter the scope of the
Services to be performed pursuant to the Agreement, as determined by the sole discretion of OHL, and the parties hereto cannot mutually agree on compensation due OHL for such change in its services; or 

d. if CLIENT shall breach any provision of Section 23 of this Agreement, regardless of whether CLIENT cures such breach.

  

	 	C.	Obligations Following Termination 

 (1) OHL and CLIENT agree the amount to be paid to OHL
by reason of the total or partial termination of its services by CLIENT for convenience and by OHL for cause pursuant to this Section will include each of the following: 

a. compensation for all Services performed to the date of termination; 

b. an amount equal to six (6) months or the remaining months of the Term, whichever is less, of the monthly average base
facility cost at [*] (the “Storage Cost”) provided by OHL Services under the Agreement as of the date of termination or partial termination; 

c. unamortized portions of all CLIENT approved start-up costs and equipment costs (stationary and non-stationary). OHL shall
provide CLIENT documents establishing the purchase price of such equipment and systems, and amortization calculations establishing the unamortized cost of such equipment and systems; and 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 d. if OHL has leased or purchased, with the approval of CLIENT any real
property, or constructed improvements thereon, to perform the Services (including any lease or purchase of real property where OHL provides services to other customers), CLIENT agrees to continue to pay for such space at the Agreed Rate for the
remainder of the Term. 
 The total amount to be paid by CLIENT to OHL pursuant to this Section 7(C) is referred to herein as the “Termination
Amount”. The Parties acknowledge and agree that (i) the damages to OHL in the foregoing circumstances would be difficult or impossible to accurately estimate, (ii) the Termination Amount has been negotiated by the Parties not as a
penalty but as a good faith attempt by the Parties hereto to arrive at a reasonable estimate of such damages and (iii) in any action against CLIENT for the payment of the Termination Amount, the reasonableness of such amount shall be presumed.
Upon payment of costs for capital, equipment or supplies, ownership of the capital, equipment, and supplies will transfer to the CLIENT. CLIENT will be responsible for removal and transportation costs of all equipment. 

OHL agrees in good faith to, in its best efforts, find an appropriate tenant to occupy CLIENT’s vacated space - either as a result of termination
for cause by OHL, or termination for convenience by CLIENT - and upon doing so would remunerate CLIENT of that Storage Cost paid pursuant to Section 7(C)(1)(b) and/or 7(C)(1)(d) on a pro-rata basis with respect to both space and timing.

  

	 	D.	Expiration of Term 

 (1) In addition to any other payments that may be required under this Agreement, in
the event that CLIENT provides written notice that terminates this Agreement at the expiration of the initial term or any renewal term as required by Section 1, OHL shall recover from CLIENT all unamortized portions of approved equipment costs
(stationary and non-stationary) guided by Exhibit D, regardless of whether such costs extend beyond the Term of this Agreement. OHL shall provide CLIENT documents establishing the purchase price of such equipment and systems, and amortization
calculations establishing the unamortized cost of such equipment and systems. 
 (2) Except for a termination by OHL in accordance with section 1 (notice of
non-renewal with no less than 270 days notice) or Section 7(A)(1), or 7(B)(3), OHL will not reduce, suspend or cease its performance of its obligations pursuant to this Agreement until OHL has received (i) a preliminary or permanent
injunction or other equitable relief or remedy, (ii) a court order, or (iii) a ruling from a court of competent jurisdiction that Client has breached this Agreement and such reduction, suspension and cessation is warranted. 

(3) Additionally, at CLIENT’s discretion, OHL agrees to help (a) load the equipment/ inventory onto trucks at the same rates available in the
agreement; (b) provide CLIENT a right of way to remove the inventory and equipment; or (c) some combination of the two. 
  

	8.	TRANSFER, GROWTH AND REMOVAL OF GOODS 

  

	 	A.	Transfer 

 OHL may, without notice, move the Products within and between, any one or more of the
buildings which comprise the Warehouse as designated in this Agreement; and OHL also reserves the right to move, solely at its expense, any Products in storage from the Warehouse to any of its other facilities within close proximity to the
Plainfield Warehouse location, after providing notice to CLIENT, provided that the condition, infrastructure, and location of such facilities are equal to or better than the condition of the Warehouse and there is no impact to the operation. OHL
will be responsible for the labor and costs associated with retrofitting any current or future alternate Facilities if such retrofitting is required as a result of OHL relocating CLIENT’s operation at its own discretion. 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  


	 	B.	Additional Space Needed 

 In the event that CLIENT requires additional warehouse space, OHL agrees to
find warehouse space that meets CLIENT’s requirements within any of its other facilities within close proximity to the Plainfield Warehouse location. OHL will provide notice to CLIENT, provided that the condition, infrastructure, and location
of such facilities are equal to or better than the condition of the Warehouse, and there is no impact to the operation. OHL is responsible for removing any materials (e.g. inventory or racking) left behind from any previous clients at OHL’s
expense, if OHL is moving or re-locating CLIENT’s operation at OHL’s discretion. In the event that such a move should occur as a result of CLIENT’s growth in excess of original plans and modeling, OHL and CLIENT agree to negotiate in
good faith such moving expenses at that time. 
  

	 	C.	Removal 

 If as a result of a quality or condition of the Products, which OHL had no notice of at the
time of deposit, the Products are a hazard to other property, the Warehouse or to persons, OHL, on reasonable notification to CLIENT, may dispose of said Products in any lawful manner and shall incur no liability by reason of such disposal. Pending
such disposal of the Products, OHL may remove the Products from the Warehouse and shall incur no liability by reason of such removal. 
  

	9.	INDEMNIFICATION AND INSURANCE 

  

	 	A.	Indemnification by OHL 

 OHL shall indemnify, defend and hold CLIENT harmless from any damages,
liabilities, losses, costs or expenses arising out of or in connection with any third party claim resulting from OHL’s performance of the Services or the provision of premises, including (i) any willful misconduct or negligent acts and
omissions of OHL in the performance of Services hereunder or from any breach of this Agreement, (ii) violations of any federal, state or local law, statute, regulation, rule, ordinance, order, or government directive, (iii) a breach of any
confidentiality, data, or privacy obligation by OHL or its agents, employees, and subcontractors, (iv) the Services or any Facilities & Resources give rise to the infringement or misappropriation of a third party’s intellectual
property, (v) any claim by another OHL customer, an OHL subcontractor, or an OHL landlord or contractor under or relating to this Agreement, except to the extent arising from the gross negligence or willful misconduct of Client, and
(vi) any claim relating to the employee-employer relationship between OHL (or its subcontractors) and its employees, including any claims relating to co-employment, compensation, benefits, insurance, workers compensation, taxes, severance,
wrongful termination, or any labor practices or conditions. 
  

	 	B.	Indemnification by CLIENT 

 In addition to any other indemnification by CLIENT set forth elsewhere in
this Agreement, including Section 23 below, Client shall indemnify, defend and hold OHL harmless from any damages, liabilities, losses, costs or expenses arising out of or in connection with any third party claim resulting from Client’s
breach of this Agreement or any willful misconduct or negligent acts and omissions of OHL in receipt of the Services hereunder, including: (i) any claims, enforcement actions, fines, costs, or recalls or retrievals of Customer Inventory, except
to the extent arising from an OHL breach of this Agreement or the negligence, recklessness, willful misconduct or wrongful acts or omissions of OHL or its agents, employees, and subcontractors (e.g., a recall arising from OHL’s exposure of the
Inventory to a dangerous chemical), (ii) any and all product liability relating to Customer Inventory, except to the extent arising from an OHL breach of this Agreement or the negligence, recklessness, willful misconduct or wrongful acts or
omissions of OHL or its agents, employees, and subcontractors (e.g., a bodily injury claim relating to the Inventory arising from OHL’s exposure of the Inventory to a dangerous chemical), (iii) negligence or willful misconduct of Client or
its employees, agents, subcontractors or invitees, (iv) violations of any federal, provincial, state or local law, statute, regulation, rule, ordinance, order, or government directive by Customer or (v) any claim that the Client Equipment
infringes any intellectual property right. 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  


	 	C.	Third Party Claim Procedure 

 An indemnifying party’s obligations to indemnity and defend under this
Section 9 are expressly conditioned upon, (1) being provided prompt written notice of any indemnified claim by the indemnified party; provided, that a failure to provide such prompt notice shall not release the indemnifying party from its
obligations unless such lack of timely notice materially impacts the ability of the indemnifying party to defend against the claim, (2) the indemnifying party having the sole right to control the defense, and to agree to any cash settlement,
adjustment or compromise of the claim; provided that (a) any settlement, adjustment, or compromise of the claim shall not result in any financial or non-financial obligations and/or admissions of guilt being imposed on the indemnified party
without the prior written consent of the indemnified party in its sole discretion, and (b) the indemnified party may employ separate counsel at its own expense to participate in the defense of the claim, and (c) the indemnified party
providing reasonable cooperation with the indemnifying party in the defense of the claim. The indemnified party shall have no authority to settle any claim on behalf of the indemnifying party without the consent of the indemnifying party. 

 

	 	D.	Insurance 

 OHL shall provide and keep in effect during the Term, insurance to cover itself, its
employees, and its subcontractors in minimum limits as follows: 
  

					
	(1)	  	Workman’s Compensation	  	Statutory
	(2)	  	Comprehensive General Liability Bodily Injury	  	$1,000,000
	(3)	  	Comprehensive Automotive Liability Bodily Injury	  	$1,000,000
	(4)	  	Employer’s Liability	  	$500,000
	(5)	  	Warehouseman’s Legal Liability	  	$1,000,000

 Such insurance shall be in such form and carried with such insurance companies reasonably acceptable to CLIENT and CLIENT
shall be named as a certificate holder. Such insurance shall contain a provision that it will not be terminated or modified without notice to be provided in accordance with policy provisions. OHL shall provide CLIENT a certificate of insurance
indicating it is in existence on the Commencement Date and from time to time at CLIENT’s request. CLIENT may request increases to the insurance coverage amounts set forth above, provided that any increases to the insurance coverage amounts set
forth above will be obtained by OHL and provided to CLIENT on a cost plus basis and shall only be provided if such insurance coverage is available to OHL. 

The Parties agree to waive all rights of subrogation under all insurance (except for workers compensation insurance) with respect to each other and its
officers, directors, personnel and agents. 
  

	 	E.	Limitations on Liability 

 Notwithstanding anything contained herein to the contrary, liability is
limited as follows: 
 (1) OHL shall not be liable for any loss or injury to Products stored, however caused, unless such loss or injury
resulted from: (a) OHL’s breach of the agreement, (b) OHL’s failure to enforce Landlord’s compliance with its obligations under the lease, (c) OHL’s negligence or willful misconduct, (d) shrinkage in excess of
0.2% as provided in Section 10(E)(4) below and/ or (e) from other products in the Facility that cause contaminant odors with CLIENT’s inventory. 

(2) Products are not insured by OHL against loss or injury however caused 

  
 9 









 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 (3) CLIENT declares that damages or loss to Product resulting from OHL’s failure to
exercise reasonable care as described in (A) above are limited to CLIENT’s landed wholesale cost per unit for Product damaged up to a maximum of $1,000,000 (one million dollars) per occurrence. 

(4) CLIENT agrees to a 0.2% shrink allowance, based on the value of Products stored for a period of one year for loss due to damage,
mysterious disappearance or other inventory shrink. Value of the Products is determined by the number of items received per year times the average CLIENT’s paid wholesale cost per item. 

(5) OHL shall not be liable for demurrage or detention, delays in unloading inbound cars, trailers or other containers, or delays in obtaining
and loading cars, trailers or other containers for outbound shipment unless OHL has failed to exercise reasonable care. 
 (6) Neither party
shall be liable for indirect, incidental, consequential, punitive, or exemplary damages, regardless of the nature of the claim being in contract, tort, or otherwise, and whether in law or in equity, whether the party in breach was advised of, or
otherwise should have been aware of, the possibility of such damages. The foregoing is a separate, essential term of this agreement and shall be effective even in the event of the failure of any remedy, exclusive or not. In no event, however, will
the preceding exclusions on remedies apply with respect to either party’s breach of the confidentiality provisions, any indemnification obligation pursuant to Section 9 - INDEMNIFICATION AND INSURANCE, or any misappropriation of the
other party’s intellectual property. 
  

	10.	TAXES 

 CLIENT agrees to pay either directly all taxes, licenses, charges, and assessments levied by
government authority upon the Products or to reimburse OHL therefore if paid by OHL. OHL assumes full responsibility for the payment of all federal and state social security and unemployment compensation taxes, withholding taxes, and all other taxes
or charges applicable to OHL’s employees performing Services hereunder. 
  

	11.	FORCE MAJEURE 

 Neither Party shall be liable for damage to products or delays and/or defaults in its
performance under this Agreement due to causes beyond its control and without its fault or negligence, including, but without limiting the generality of the foregoing: acts of God, or of the public enemy; fire or explosion; flood; actions of the
elements; war; acts of terrorism; riots; embargoes; quarantine; strikes; lockouts; disputes with workmen or their labor disturbances; total or partial failure of transportation, delivery facilities, or supplies; acts or requests of any governmental
authority; or any cause beyond its control, including without limitations the acts or omissions of any parties other than OHL or CLIENT, whether or not similar to foregoing provided that the Party whose performance is affected gives written notice
of the force majeure to the other Party within ten (10) days of its first occurrence (any such event, a “Force Majeure Event”). In the event of a Force Majeure Event, CLIENT shall compensate OHL for all Services provided during the
period of the Force Majeure Event, but shall not be required to compensate OHL for Services not performed during the period of the Force Majeure Event. 
  

	12.	TITLE 

  

	 	A.	Right to Store Products 

 CLIENT represents and warrants that it is lawfully in possession of the
Products and has the right and authority to contract with OHL for the Services contemplated by this Agreement relating to those Products. CLIENT agrees to indemnify and hold OHL harmless for all loss, cost and expense (including reasonable
attorneys’ fees) which OHL pays or incurs as a result of any dispute or litigation, whether instituted by OHL or others, respecting CLIENT’s right, title or interest in the Products covered by this Agreement. Such amounts shall be charges
in relation to the Products and subject to the provisions of this Agreement. 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  


	 	B.	Warehouseman’s Lien 

 OHL shall not permit any lien or other encumbrance to be placed on the
Products while they are in OHL’s possession. Title to the Products as between CLIENT and OHL shall remain with CLIENT. Notwithstanding the foregoing, on Products in OHL’s possession, OHL shall have a general warehouseman’s lien
pursuant to the Uniform Commercial Code for any unpaid and undisputed charges for Services of any kind rendered pursuant to this Agreement or at the request of CLIENT, whether for the Products in storage or Products that have been delivered and
regardless of whether a physical warehouse receipt has been issued or receipt of Products is indicated by electronic or other documentation, and such lien shall be automatically released by delivering the Products and/or CLIENT’s payment of the
charges related to those Products. Pursuant to Section 7-209(a) of the Uniform Commercial Code, the Parties agree that the foregoing general warehouseman’s lien shall not be specific to charges and expenses with respect to each Product but
shall apply generally to all Product in OHL’s possession and the lien with respect to such Product shall be for all charges and expenses with respect to all Product for which OHL provides Services pursuant to this Agreement. In the event of any
conflict between this Section 12(B) and the provisions of Section 7(D)(2), the provisions of Section 7(D)(2) will prevail. 
  

	13.	NOTIFICATION 

 Any notice to either Party to this Agreement by the other shall be deemed to have been
properly given if delivered to the designee as stated below by certified mail return receipt requested, or nationally recognized overnight delivery service. 
  

			
	To OHL:	  	Matt Hoogerland, CFO
		  	OHL, LLC
		  	7101 Executive Center Drive, Suite 333
		  	Brentwood, TN 37027
		  	
	To CLIENT:                            	  	Mike Smith, COO
		  	Stitch Fix, Inc.
		  	731 Market Street, Suite 500
		  	San Francisco, CA 94103
		  	
		  	With a copy to:
		  	
		  	Cooley LLP
		  	The Grace Building
		  	1114 Avenue of the Americas
		  	New York, NY 10036-7798
		  	Attn: Babak Yaghmaie, Esq.
		  	Email: byaghmaie@cooley.com

  

	14.	COMPLIANCE WITH APPLICABLE LAWS 

 OHL shall, in its operations hereunder, comply with all requirements of
applicable federal, state and local laws, rules and regulations. CLIENT shall be responsible for supplying OHL with all compliance or regulatory information related to the storage and handling of CLIENT’s Products (if applicable) and CLIENT
shall comply with all requirements of applicable federal, state and local law, rules and regulations relating to the quality, condition and packaging of CLIENT’s Products with respect to all Products tendered to OHL for storage in the
Warehouse. 

  
 11 









 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  


	15.	DAMAGE TO OR DESTRUCTION OF WAREHOUSE 

 In the event of substantial or total destruction of the Warehouse
by fire or other casualty, CLIENT shall have the right to terminate this Agreement by giving OHL at least fifteen (15) days written notice of its intent to terminate this Agreement, and the Parties shall treat such termination by CLIENT
pursuant to Section 7(B). 
  

	16.	WAREHOUSE FACILITY 

 OHL’s activities in operating and maintaining the Warehouse shall at all times
be consistent with the terms of the lease(s), if applicable, for the Warehouse. OHL shall be the custodian of the Warehouse during the Term of this Agreement. As custodian, OHL agrees to take measures reasonably necessary to safeguard the Warehouse.

  

	17.	USE OF WAREHOUSE FACILITY 

 OHL agrees that it will not use the Warehouse for any purpose other than the
performance for CLIENT of the Services provided for herein and, similar logistics services for other customers. OHL shall not use the Warehouse for the storage or processing of toxic, poisonous, or radioactive substances or any other substance which
could contaminate or damage CLIENT’S Products. 
 CLIENT agrees that OHL shall have full dominion and control of the Warehouse, including the right to
prohibit persons not in the employ of OHL or employed by CLIENT from entering the premises. 
  

	18.	NOTICE OF LOSS OR DAMAGE 

 CLIENT must give OHL written notice of claim for loss or damage to Products.
Such claim must be made within sixty (60) days after the date of discovery of such damage by CLIENT or 60 days after CLIENT is given written notice by OHL that loss or damage to the Products has occurred, whichever time is shorter. 

 

	19.	TIME TO FILE ARBITRATION DEMAND 

 No arbitration demand may be made by CLIENT against OHL for loss or
damage to the Products unless timely written notice of claim has been given as provided in Section 18, and unless such arbitration demand is made within nine (9) months after the date of discovery of such damage by CLIENT or within nine
(9) months after CLIENT is given written notice by OHL that loss or damage to the Products has occurred, whichever time is shorter. 
  

	20.	WAREHOUSE RECEIPTS 

 The Parties agree that OHL, for the convenience of CLIENT and OHL, may not issue
warehouse receipts. This shall not be construed as a failure to comply with the receipt provision in Section 7 of the Uniform Commercial Code and OHL shall not suffer any liability for such failure. The Parties agree that the terms of this
Agreement shall override any conflicting provisions of the Uniform Commercial Code in this regard. OHL agrees that (i) CLIENT may file informational financing statements with regard to inventory and (ii) OHL shall keep CLIENT’s
inventory and operations clearly segregated from the inventory and operations of other OHL clients. 
  

	21.	DISPUTE RESOLUTION 

 The Parties shall attempt in good faith to resolve any dispute arising out of or
relating to this Agreement promptly by negotiation between executives who have authority to settle the controversy and who are at a higher level of management than the persons with direct responsibility for administration of this Agreement. Any
Party may give the other Party written notice of any dispute not resolved in the normal 

  
 12 









 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 
course of business. Within fifteen (15) days of delivery of the notice, the receiving Party shall submit to the other a written response. The notice and the response shall include a
statement of each Party’s position and a summary of arguments supporting that position and the name and title of the executive who will represent that Party and any other person who will accompany that executive. Within thirty (30) days
after delivery of the disputing Party’s notice, the executives of both Parties shall meet at a mutually-acceptable time and place and, thereafter, as often as they deem reasonably necessary to attempt to resolve the dispute. All negotiations
pursuant to this section are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence. 

Mike Smith, or any successor in such capacity, or his/her designee, is the executive of record for CLIENT. Matt Hoogerland, CFO, or any successor in such
capacity, or his designee is the executive of record for OHL. 
 If the dispute has not been resolved by negotiation within forty-five (45) days of the
disputing Party’s notice, the parties shall resolve any remaining dispute by binding arbitration as set forth in Section 21 of this Agreement. The provisions of this Section 21 will not apply to any claims for equitable relief,
provided that either Party seeking equitable relief gives immediate written notice, in accordance with Section 13 of this Agreement, if a claim for equitable relief is pursued. 

 

	22.	ARBITRATION AGREEMENT 

 Except for any claims for equitable relief, and claims related to the ownership
of any intellectual property, all disputes, claims or controversies arising from or relating to this Agreement, the breach of this Agreement, or the relationships that result from this Agreement, including but not limited to any dispute regarding
the validity of this arbitration clause or the entire Agreement, shall be resolved by binding arbitration administered by the American Arbitration Association (“AAA”) under its Commercial Arbitration Rules, and judgment on the award
rendered by the arbitrators may be entered in any court having jurisdiction. 
 The arbitration shall be heard by three (3) neutral arbitrators. Each
Party shall choose one arbitrator and those two arbitrators shall choose the third arbitrator, who shall serve as the chair of the arbitration panel. Each arbitrator must be a practicing attorney in good standing with no actual or potential
conflicts of interest. To the extent practicable, the arbitrators must have business or legal experience relating to logistics and warehousing. Each arbitrator must be independent of all parties, witnesses and legal counsel. 

The arbitration hearing shall be conducted in Nashville, Tennessee. Any judicial challenge to the arbitration award shall be filed in a court sitting in
Davidson County, Tennessee. 
 The prevailing Party shall be awarded all reasonable fees and costs, including reasonable attorneys’ fees and costs,
expert witness fees and costs and the fees and costs of the arbitrators, incurred in the arbitration and related proceedings. If both Parties are awarded relief, the arbitration panel shall determine the prevailing Party. 

 

	23.	HAZARDOUS MATERIALS 

 For purposes of this Agreement, the definition of “Hazardous Materials”
shall be as defined within 49 C.F.R. Parts 105 through 180, or any “Hazardous Substances”, as defined in 42 U.S.C. Section 9601, or as defined by any other federal, state or local statute, ordinance or regulation (such terms together
referred to herein as “Hazardous Materials”). 
  

	 	A.	CLIENT has represented to OHL that none of the Products, goods or materials which CLIENT will submit to OHL for the purposes of this Agreement, constitute or contain Hazardous Materials. 


  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  


	 	B.	CLIENT shall not deliver to OHL any Products, goods or materials that constitute or contain Hazardous Materials, as defined in this Agreement, unless, prior to delivery of such Hazardous Materials, CLIENT has:


 (1) notified OHL, in writing, of CLIENT’s intent to deliver such Hazardous Materials; 

(2) provided MSDS sheets or other written information, satisfactory to OHL, in OHL’s sole discretion, which details the nature of the
Hazardous Materials and any packaging or shipping specifications or limitations, and amended or updated Exhibit C, to reflect all such requirements; and 

(3) OHL, in OHL’s sole discretion, has, in writing, approved the delivery of such Hazardous Materials, and the amendments or modifications
to Exhibit C. 
 C. If any Products, goods or materials which were not Hazardous Materials at the time CLIENT delivered them to the
possession of OHL shall subsequently be classified to constitute or contain Hazardous Materials, as defined in this Agreement, CLIENT shall immediately notify OHL that such products, goods or materials have been classified to constitute or contain
Hazardous Materials, and shall provide OHL the information required by Subsection B above within twenty-four (24) hours of CLIENT learning that the Products, goods or materials have been classified to constitute or contain Hazardous Materials.

 D. If CLIENT gives notice to OHL, as provided for in Section C above, that Products, goods or materials which have been previously
delivered to OHL have subsequently been classified as constituting or containing Hazardous Materials, OHL may, in OHL’s sole discretion, elect, in writing, to either continue to store, handle and ship the Products, goods and materials
constituting or containing Hazardous Materials, or, alternatively, to give notice to CLIENT that all such Products, goods or materials will be returned to CLIENT, or delivered to CLIENT’s designee, as soon as reasonably possible, at
CLIENT’s expense. 
 (1) If OHL elects to continue to store, handle and ship such Products, goods or materials, OHL may relocate such
Products, goods or materials within the Warehouse for purpose of proper storage, and all expenses and costs so incurred shall be considered as Services rendered for purposes of this Agreement and subject to the provisions of this Agreement. 

(2) If OHL, in its sole discretion, elects to require the return of such Products, goods or services to CLIENT, then OHL may, at its sole
discretion, utilize the services of an independent contractor which specializes in handling, packaging and shipments of Hazardous Materials, and charge all expenses and costs so incurred back to CLIENT, and such expenses and costs shall be
considered as Services rendered for purposes of this agreement and subject to the provisions of this Agreement. 
 E. Should CLIENT
deliver any Products, goods or materials to OHL, which CLIENT reasonably believed not to constitute or contain Hazardous Materials, but which in fact did, at the time of delivery to the Warehouse, constitute or contain Hazardous Materials, the
provisions of Section D above shall control for purposes of the return of such materials to CLIENT, while the provisions of Section F shall control for purposes of liability and indemnification. 

F. If CLIENT knowingly or unknowingly tenders OHL Products, goods or materials which constitute or contain Hazardous Materials, without
complying with the requirements of this Section 23, CLIENT shall indemnify, defend and hold OHL harmless against any and all liability which may arise from or relate to the storage or transportation of such Hazardous Materials, such liabilities
including, but not limited to, any cargo loss or damage and/or any party and/or third party claims for personal injury, death and/or property damage, including but not limited to damage to the environment, attorney’s fees and/or any penalties
or fines levied upon OHL by any local, state or federal agency. 
  

	24.	MODIFICATION 

 Any request to modify or amend this Agreement must be made in writing, and signed by an
authorized representative of each Party hereto. 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  


	25.	ASSIGNMENT AND SUBCONTRACTING 

 The rights and obligations covered herein are personal to each Party
hereto and for this reason this Agreement shall not be assignable by either Party in whole or in part, nor shall either Party subcontract any of its obligation hereunder without prior written consent of the other Party, which consent shall not be
unreasonably withheld. Notwithstanding the foregoing, either Party may assign this Agreement to (i) a party which purchases substantially all the assets of the assigning Party, or (ii) to any party which merges with the assigning Party, or
(iii) to any party which is under common management or control with the assigning Party. 
  

	25.	PUBLIC ANNOUNCEMENT/ADVERTISING 

 CLIENT and OHL agree to only release a public announcement concerning
this Agreement upon mutual agreement of the Parties. CLIENT consents to inclusion of its name and logo in customer listings that may be published as part of OHL’s ongoing marketing efforts. 

 

	26.	ENTIRETY 

 This document embodies the entire agreement and the understanding between CLIENT and OHL, and
there are no previous agreements, understandings, conditions, warranties or representations, oral or written, expressed or implied, with reference to the subject matter hereof which are not merged herein. 

 

	27.	SEVERABILITY 

 If any provision of this Agreement is held invalid or unenforceable by any court of
competent jurisdiction, the other provisions of this Agreement will remain in full force and effect and the Parties shall take any actions necessary to render the remaining provisions of this Agreement valid and enforceable to the fullest extent
permitted by law and, to the extent necessary, shall amend or otherwise modify this Agreement to replace any provision contained herein that is held invalid or unenforceable with a valid and enforceable provision giving effect to the intent of the
Parties. 
  

	28.	COUNTERPARTS 

 This Agreement may be executed in one or more counterparts, each of which will be deemed
to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. 
  

	29.	WAIVER 

 The waiver by either Party of any default or breach of this Agreement shall not constitute of
waiver of any other or subsequent default or breach. Except for actions for breach of confidentiality and non-payment of amounts owed hereunder, no action, regardless of form, arising out of this Agreement may
be brought by either Party more than one (1) year after the cause of action has accrued. 
  

	30.	GOVERNING LAW 

 This Agreement will be governed by and interpreted according to the laws of the State of
Tennessee. In any arbitration pursuant to Section 22, the arbitrators shall apply the substantive law of the State of Tennessee, ignoring any conflict of law rules that would direct the application of the substantive law of another
jurisdiction. 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed by their duly authorized
representatives. 
 Stich Fix, Inc. 
  

			
	By:	 	/s/ Mike Smith

 Mike Smith 
 Chief Operating
Officer 
  

			
	Date:	 	4/24/14

 Ozburn-Hessey Logistics, LLC  
  

			
	By:	 	/s/ Randy Tucker

 Randy Tucker 
 President Contract
Logistics and Transportation Management 
  

			
	Date:	 	5/1/14

 Attachments: 
 Exhibit A -
Operational Assumptions & Scope of Services 
 Exhibit B - Operational Expenses 

Exhibit C - Start-Up 
 Exhibit D - Capital 

Exhibit E - Product Description 
 Exhibit F - Service
Metrics & KPl’s 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 Exhibit A — Assumptions & Scope of Services 

OHL will perform “customary warehousing services” defined generally as the inbound receipt, handling, putaway and storage, order picking, and
outbounding of products delivered to the Warehouse by or on behalf of CLIENT in accordance with this Agreement (the “Products”). Services are more particularly outlined in the assumption below. CLIENT and OHL understand that OHL’s
Rates, as set forth in Exhibit B, were determined in reliance on the assumptions listed below and/or those assumptions contained within the attached Exhibits. Any change or deviation by OHL from the target dates, key performance indicators, and/or
processes described below will not, standing alone, be deemed a breach of this Agreement. 
 OPERATIONAL ASSUMPTIONS: 

 
 



 
 Systems 
 OHL will be
operating on client’s home grown IT systems and installing those systems in the OHL facility. 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 Exhibit B — Operational Expenses 

CLIENT shall pay OHL for the Services based on an open book basis guided by the estimated operating budgets set forth in this section. OHL will provide CLIENT
with full and complete detail on each invoice illustrating costs incurred for each period. 
 OVERTIME — OHL shall notify client of overtime needs in
excess of 5% weekly and seek client’s written approval for billing such required overtime. Overtime in the state of Indiana is calculated as any hours incurred per employee above and beyond 40 hours in a specific work week. 

 
 



 

  
 18 









 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 Exhibit B Continued – Operational Expenses (Cont’d) 

 
 



 
 With the exception of the equipment stated within this Exhibit B, all additional equipment costs shall only be incurred by
mutual written agreement. 

  
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 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 Exhibit C — Start-Up Cost 

 
 



 

  
 20 









 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 Exhibit D – Capital 

The following illustrates an estimation of the capital equipment to be purchased and deployed by OHL on behalf of CLIENT. 

 
 



 

  
 21 









 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 



 
 All equipment costs will be mutual reviewed prior to purchasing. Furthermore, parties agree to come back and amend this
exhibit to represent actual costs and quantities at the end of implementation once all capital purchases have been made. 

  
 22 









 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 Exhibit E – Product Description and Specifications 

Stitch Fix is a personalized e-commerce styling company that sells women’s apparel, jewelry and accessory items. 

  
 23 









 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 Exhibit F – SERVICE METRICS & KPI’S 

Receiving 
 During each month, at least [*]% of CLIENT
provided merchandise delivered at OHL’s designated fulfillment center which is delivered by 12:00 noon (Location Time) shall be inspected and placed into stock by the close of the Business Day two days following delivery at OHL’s
designated fulfillment center. Product unable to be received, due to Merchandising Team awaiting sample would not pertain to this KPI. 
 For purposes of
this receiving service level standard: (i) delivery will be deemed to have occurred and the delivery measurement period will begin when inbound carrier confirms delivery of scheduled shipment (i.e. when product is delivered to OHL),
(ii) deliveries of merchandise which is not listed on the purchase order or ASN submitted to OHL for receiving purposes will not be included in this service level calculation. Furthermore, OHL will default to CLIENT’s direction on receipt
processing order. 
 Outbound Orders 
 Standard
Shipping Cycle Time. In stock order shipment of all Fulfillable Orders (as defined below) that are received by OHL by 12:00 noon (Location Time) will be shipped: [*]% on targeted ship date. 

Returns (RMA) Processing Cycle Time 
 [*]% of returns will
be put away into stock, from receipt to completion of all required inventory transactions, if received by noon (Location Time), by close of the Business Day following receipt. 

Order Accuracy 
 During each month, [*]% of all outbound
shipments will contain the correct SKU, the correct quantity of merchandise and the correct shipping label for that Order. 
 Inventory Accuracy 

*GOAL METRIC (Under evaluation and to be reviewed at first Quarterly Business Review): [*]%—OHL will be responsible to keep inventory accuracy at [*]%.
This is to include quantity and location accuracy. 
 **CURRENT EXPECTATION: Inventory will be monitored and reported to Client thru a documented perpetual
cycle count program (count requirements to be defined by Client and OHL). 
 Service Level Reporting 

OHL agrees to provide KPI reporting to CLIENT on a weekly basis in format agreed upon by both CLIENT and OHL. KPI results will be tracked in a weekly, monthly,
quarterly and VTD format. 
 Variable Cost Per Unit – CPU 

OHL will measure and track actual Cost Per Unit Shipped, which is to be defined as the sum of the variable component (i.e. labor, variable expenses) of
OHL’s invoice to CLIENT divided by total units shipped during that same time period. OHL will report this metric to CLIENT on a monthly basis, and agrees to target a [*]% improvement (reduction) in the CPU each quarter. 

  
 24 









 [ * ] = CERTAIN CONFIDENTIAL INFORMATION
CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 UNDER THE SECURITIES ACT
OF 1933, AS AMENDED 
  

 Variable Cost Per Unit – Guardrails 

OHL agrees to maintain Variable CPU performance metric between [*]% and [*]% of the below modeled targets. OHLS accountability to this Variable CPU performance
metric is contingent upon CLIENT’s forecasting performance meeting the criteria set forth in the following “General Provisions” section. 
  

													
	 	  	Y1 
Annual	 	 	Y2 
Annual	 	 	Y3 
Annual	 
	 Outbound Units
	  	 	[*]	 	 	 	[*]	 	 	 	[*]	 
	 Variable Expense
	  	$	            [	*] 	 	$	            [	*] 	 	$	            [	*] 
	 Modeled Var. CPU
	  	$	[	*] 	 	$	[	*] 	 	$	[	*] 
	 90% of CPU
	  	$	[	*] 	 	$	[	*] 	 	$	[	*] 
	 110% of CPU
	  	$	[	*] 	 	$	[	*] 	 	$	[	*] 

 The above table is subject to periodic updates during QBR’s and business reviews as actual volumes are realized.
Furthermore, OHL and CLIENT agree to discuss this metric in-depth at the first QBR and evaluate the Institution of pain-share/gain-share practices, as well as evaluating actual realized volumes vs. modeled volumes and updating Variable CPU
projections and targets accordingly. 
 Future KPIs to be Discussed Prior to First QBR: 

 

	 	•	 	Missing % 


	 	•	 	Damage % 

 General Provisions 

The above service level standards will not apply during the first sixty (60) days after the Fulfillment Service Commencement Date, and thereafter will be
measured on a retail calendar month basis during the remainder of the Fulfillment Attachment Term. The above service level standard shall not apply to any services other than the Fulfillment Services, and shall not apply to service performance
issues (i) caused by factors outside of OHL’s reasonable control, including as a result of any actions or inactions of the CLIENT or any third party not within OHL’s control, and (ii) during any period that the CLIENT’s
transaction volume forecasts are not between [*]% and [*]% of the actual transaction “locked” volumes during the applicable period. 
 CLIENT will
provide a rolling 6 week forecast which includes a 2 week lock at the weekly level to allow for resource planning. 
 If OHL fails during any month to meet
any service level standard as described in this Exhibit D at a level that for which an “*” is noted, such month shall be considered a “Fulfillment Service Level Standard Failed Month” with respect to that individual service level
standard. OHL will reasonably determine with the CLIENT the root cause for the failure and identify action plan being taken designed to prevent the reoccurrence of such failure during the remainder of the Fulfillment Attachment Term. 

CLIENT and OHL mutually agree that they will meet at Quarterly Business Reviews (QBR’s) to continually analyze the business and evaluate the application
of these KPI’s. 

  
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