Document:

EX-10.3

 Exhibit 10.3 

 

			
	    

	  	Acceptance Notice/      
	Banc of America Leasing & Capital, LLC	  	Pay Proceeds Authorization      

  
 Master Loan and
Security Agreement Number: 17608-70000 
 Equipment Security Note Number: 17608-70009 (the “Transaction”)

 To: Banc of America Leasing & Capital, LLC 
 The undersigned hereby certifies that all property described in the above-referenced Transaction by and between Banc of America Leasing & Capital, LLC, and the undersigned has been
furnished, that delivery and installation has been fully completed as required, and that the such property has been irrevocably accepted and is satisfactory in all respects to the undersigned for purposes of the Transaction. 

We hereby authorize you to disburse the proceeds of this Transaction as follows: 

 

					
	Disburse To:	  	Amount:	 
		
	 Destination XL Group, Inc.
	  	$	2,000,562.14	  
		
	 TOTAL Disbursement
	  	$	2,000,562.14	  

  

			
	Destination XL Group, Inc.
	(Debtor)
		
	By:	 	/s/ DAVID A. LEVIN
		 	  

		
	Title:	 	President, CEO
		 	  

		
	Date:	 	12-20-13
		 	  

  

					
	Pay Proceeds Authorization 4.1.06	 		  	Page 1 of 1

			
	    

	  	
		
	Banc of America Leasing & Capital, LLC	  	Equipment Security Note Number 17608-70009    

  

This Equipment Security Note No. 17608-70009, dated as of December 23, 2013 (this “Equipment Note”), is
entered into pursuant to and incorporates by this reference all of the terms and provisions of that certain Master Loan and Security Agreement No. 17608-70000 dated as of July 20, 2007 (the “Master Agreement”), by and
between Banc of America Leasing & Capital, LLC (“Lender”) and Destination XL Group, Inc. (“Borrower”). All capitalized terms used herein and not defined herein shall have the respective meanings
assigned to such terms in the Master Agreement. If any provision of this Equipment Note conflicts with any provision of the Master Agreement, the provisions contained in this Equipment Note shall prevail. Borrower hereby authorizes Lender to insert
the serial numbers and other identification data of the Equipment, dates, and other omitted factual matters or descriptions in this Equipment Note. 
 The occurrence of an “Event of Default,” as defined in the Master Agreement, shall entitle Lender to accelerate the maturity of this Equipment Note and to declare the Prepayment Amount to
be immediately due and payable, and to proceed at once to exercise each and every one of the remedies provided in the Master Agreement or otherwise available at law or in equity. All of Borrower’s Obligations under this Equipment Note are
absolute and unconditional, and shall not be subject to any offset or deduction whatsoever. Borrower waives any right to assert, by way of counterclaim or affirmative defense in any action to enforce Borrower’s Obligations hereunder, any claim
whatsoever against Lender. 
 1. Equipment Financed; Equipment Location; Grant of Security Interest. Subject to the terms
and provisions of the Master Agreement and as provided herein, Lender is providing financing in the principal amount described in Section 2 below to Borrower in connection with the acquisition or financing of the following described Equipment:

  

							
	 Quantity
	  	Description	  	Serial Number	  	Cost
				
		  		  	See Exhibit A attached hereto	  	

 Location of Equipment. The Equipment will be located or (in the case of over-the-road
vehicles) based at the following locations: 
  

											
	 Location
	  	 Address
	  	 City
	  	 County
	  	 State
	  	 ZIP

						
		  		  		  	 See Exhibit B attached hereto
	  		  	

 Borrower has agreed and does hereby grant a security interest in and to the Equipment and the Collateral related thereto,
whether now owned or hereafter acquired and wherever located, in order to secure the payment and performance of all Obligations owing to Lender, including but not limited to this Equipment Note, all as more particularly provided in the Master
Agreement. Lender’s agreement to provide the financing contemplated herein shall be subject to the satisfaction of all conditions established by Lender and Lender’s prior receipt of all required documentation in form and substance
satisfactory to Lender in its sole discretion. 
 2. Payments. For value received, Borrower promises to pay to the order
of Lender, the principal amount of $2,000,562.14, together with interest thereon as provided herein. This Equipment Note shall be payable by Borrower to Lender in 48 consecutive monthly, installments of principal and interest (the
“Payments”) commencing on January 24, 2014 (the “Initial Payment”) and continuing thereafter through and including December 24, 2017 (the “Maturity Date”) (collectively, the “Equipment Note
Term”). Each Payment shall be in the amount provided below, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a “Payment Date”) during Equipment
Note Term. All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each. The final Payment due and payable on the Maturity Date shall in any event be equal to the entire outstanding and unpaid
principal amount of this Equipment Note, together with all accrued and unpaid interest, charges and other amounts owing hereunder and under the Master Agreement. 
 (a) Interest Rate. 
 Interest shall accrue on the entire principal amount
of this Equipment Note outstanding from time to time at a fixed rate of 3.0666 percent per annum or, if less, the highest rate of interest permitted by applicable law (the “Interest Rate”), from the Advance Date set forth below
until the principal amount of this Equipment Note is paid in full, and shall be due and payable on each Payment Date. 

  

					
	Equipment Security Note 4.1.06	 	Page 1 of 2	  	

 (b) Payment Amount. 

The principal and interest amount of each Payment shall be $44,340.04. 

3. Prepayment The outstanding principal balance of this Equipment Note may be prepaid in whole or part at any time, together with
interest and late charges accrued through the date of the prepayment, provided that such prepayment shall be accompanied by a prepayment charge calculated as follows: one percent (1%) of the amount of the prepaid if such prepayment occurs
during the period from the date of this Equipment Note to the first anniversary hereof; one-half percent (0.5%) of the amount prepaid if such prepayment occurs during the period commencing on the first day after the first anniversary hereof and
continuing through the second anniversary hereof; and no prepayment charge if such prepayment occurs thereafter. Partial prepayments shall be applied against principal installments in their inverse order of maturity. A prepayment charge will not be
due if this Equipment Note is refinanced with the Lender. 
 4. Borrower Acknowledgements. Upon delivery and acceptance
of the Equipment, Borrower shall execute this Equipment Note evidencing the amounts financed by Lender in respect of such Equipment and the Payments of principal and interest hereunder. By its execution and delivery of this Equipment Note, Borrower:

  

	 	(a)	reaffirms of all of Borrower’s representations, warranties and covenants as set forth in the Master Agreement and represents and warrants that no Default or Event
of Default under the Master Agreement exists as of the date hereof; 

  

	 	(b)	represents, warrants and agrees that: (i) the Equipment has been delivered and is in an operating condition and performing the operation for which it is intended
to the satisfaction of Borrower; (ii) each item of Equipment has been unconditionally accepted by Borrower for all purposes under the Master Agreement and this Equipment Note; and (iii) there has been no material adverse change in the
operations, business, properties or condition, financial or otherwise, of Borrower since August 3, 2013; 

  

	 	(c)	authorizes and directs Lender to advance the principal amount of this Equipment Note to reimburse Borrower or pay Vendors all or a portion of the purchase price of
Equipment in accordance with Vendors’ invoices therefor, receipt and approval of which are hereby reaffirmed by Borrower; and 

  

	 	(d)	agrees that Borrower is absolutely and unconditionally obligated to pay Lender all Payments at the times and in the manner set forth herein. 

 

									
	BANC OF AMERICA LEASING & CAPITAL, LLC	 		 	Borrower: DESTINATION XL GROUP, INC.
					
	By:	 	/s/ GINA M. CABRAL	 		 	By:	 	/s/ DAVID A. LEVIN
		 	  
	 		 		 	  

					
	Printed Name:	 	GINA M. CABRAL	 		 	Printed Name:	 	DAVID A. LEVIN
		 	  
	 		 		 	  

					
	Title:	 	Vice President	 		 	Title:	 	President, CEO
		 	  
	 		 		 	  

  

					
	Equipment Security Note 4.1.06	 	Page 2 of 2	  	

 EXHIBIT A TO EQUIPMENT SECURITY NOTE NO. 17608-70009 

 

															
	Company	    	Division	 	    	Type	    	Asset Type	    	Invoice	    	Description	  	Insrv Date
	
	 Equipment Location: Big Beaver Ctr 2028 W. Big Beaver Rd. Troy (W. Big Beaver), MI 48084

	 10
	    	 	99852	  	    	DXL	    	FF-S	    	013024	    	Fixtures-Chairs	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	43750	    	Fixtures-Display	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	44743	    	Fixtures-Display	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	45856	    	Fixtures-Display	  	8/13/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	0485987-IN	    	Tailor Shop Equip	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	0485988-IN	    	Tailor Shop Equip	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	3057	    	Fixtures-Pool Table	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	LHI-S	    	39346	    	Signs	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	19160	    	Fixtures-Display	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	DI642026	    	Fixtures-Shoe Fixtures	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	114542	    	Fixtures-Mannequins	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	20599	    	Fixtures-Shelving	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	117014	    	Fixtures-Display	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	117694	    	Fixtures-Display	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	117791	    	Fixtures-Display	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	034764	    	Fixtures-Display	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	035337	    	Fixtures-Display	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	035652	    	Fixtures-Display	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	035653	    	Fixtures-Display	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	035660	    	Fixtures-Display	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	138510	    	Fixtures-Shelving	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	138511	    	Fixtures-Shelving	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	8477809	    	Fixtures-Shoe Fixtures	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	HW-C	    	4693358-E	    	Computer HW	  	8/8/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	105826326A	    	Fixtures-Appliances	  	7/23/2013
	 10
	    	 	99852	  	    	DXL	    	EQUIP-S	    	970847	    	Cabling-Phones	  	10/8/2013
	 10
	    	 	99852	  	    	DXL	    	EQUIP-S	    	972563	    	Cabling-Phones	  	10/11/2013
	 10
	    	 	99852	  	    	DXL	    	LHI-S	    	50509929	    	Alarm Systems	  	9/23/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	216562278	    	Opto Fixtures Freight	  	10/25/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	47153	    	Fixtures-Display	  	10/3/2013
	 10
	    	 	99852	  	    	DXL	    	FF-S	    	4622	    	Fixtures-Headsets	  	7/23/2013
	
	 Equipment Location: 723 US 1 Suite 723 C Indianapolis (Greenwood), IN 46142

	 10
	    	 	99127	  	    	DXL	    	FF-S	    	012421	    	Fixtures-Chairs	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	44408	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	44885	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	45817	    	Fixtures-Display	  	8/13/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	0484834-IN	    	Tailor Shop Equip	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	0484835-IN	    	Tailor Shop Equip	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	3058	    	Fixtures-Pool Table	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	LHI-S	    	37584	    	Signs	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	LHI-S	    	38862	    	Signs	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	19175	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	DI642688	    	Fixtures-Shoe Fixtures	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	SIGNS	    	005.225860	    	Signs	  	7/31/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	114721	    	Fixtures-Mannequins	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	20597	    	Fixtures-Shelving	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	117279	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	117789	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	117925	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	117936	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	8304721	    	Fixtures-Furniture	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	035098	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	035303	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	035854	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	035858	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	035887	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	035864	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	137090	    	Fixtures-Shelving	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	12738	    	Fixtures-Lighting	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	1010222	    	Signs	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	HW-C	    	4521149-A	    	Computer HW	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	HW-C	    	4693358-B	    	Computer HW	  	8/8/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	SHW837606	    	Fixtures	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	LHI-S	    	50450685	    	Alarm Systems	  	9/9/2013
	 10
	    	 	99127	  	    	DXL	    	LHI-S	    	50450686	    	Alarm Systems	  	9/9/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	216562282	    	Opto Fixtures Freight	  	10/25/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	1053790	    	Fixtures-Shoe Riser	  	10/25/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	47071	    	Fixtures-Display	  	10/2/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	4637	    	Fixtures-Headsets	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	301057	    	Fixtures-Hangers	  	7/30/2013
	 10
	    	 	99127	  	    	DXL	    	FF-S	    	A27629-0	    	Fixtures-Track	  	7/30/2013
	
	 Equipment Location: Diamond Retail Ctr 523 S. Gammon Rd. Madison, Wl 53719

	 10
	    	 	99527	  	    	DXL	    	FF-S	    	012696	    	Fixtures-Chairs	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	44582	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	44775	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	45840	    	Fixtures-Display	  	8/13/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	0485540-IN	    	Tailor Shop Equip	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	0485541-IN	    	Tailor Shop Equip	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	3058	    	Fixtures-Pool Table	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	LHI-S	    	39538	    	Signs	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	LHI-S	    	39720	    	Signs	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	19174	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	DI 641836	    	Fixtures-Shoe Fixtures	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	114538	    	Fixtures-Mannequins	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	20608	    	Fixtures-Shelving	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	117603	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	117711	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	117790	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	117817	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	8304772	    	Fixtures-Furniture	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	035093	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	035388	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	035853	    	Fixtures-Display	  	7/30/2013

  
 Page 1 of 4

															
	Company	    	Division	 	    	Type	    	Asset Type	    	Invoice	    	Description	  	Insrv Date
							
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	035859	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	035861	    	Fixtures-Display	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	138340	    	Fixtures-Shelving	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	HW-S	    	40374142	    		  	8/14/2013
	 10
	    	 	99527	  	    	DXL	    	HW-S	    	40374589	    		  	8/15/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	020464-0	    	Fixtures-Track	  	7/30/2013
	 10
	    	 	99527	  	    	DXL	    	SIGNS	    	26428	    	Signs	  	10/25/2013
	 10
	    	 	99527	  	    	DXL	    	EQUIP-S	    	965076	    	Cabling/Phones	  	9/11/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	216562280	    	Opto Fixtures Freight	  	10/25/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	1053839	    	Fixtures-Shoe Riser	  	10/28/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	12804	    	Fixtures-Lighting	  	9/20/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	47138	    	Fixtures-Display	  	10/3/2013
	 10
	    	 	99527	  	    	DXL	    	FF-S	    	4636	    	Fixtures-Headsets	  	7/30/2013
	
	 Equipment Location: 113 E. Chicago Avenue Chicago, IL 60611

	 10
	    	 	99011	  	    	DXL	    	FF-S	    	43751	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	44724	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	45140	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	45813	    	Fixtures-Display	  	8/13/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	0484108-IN	    	Tailor Shop Equip	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	0484951-IN	    	Tailor Shop Equip	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	3057	    	Fixtures-Pool Table	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	22272	    	Fixtures-Furniture	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	22272	    	Fixtures-Furniture	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	22272B	    	Fixtures-Furniture	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	LHI-S	    	39349	    	Signs	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	19162	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	DI 641838	    	Fixtures-Shoe Fixtures	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	114539	    	Fixtures-Mannequins	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	114734	    	Fixtures-Mannequins	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	20598	    	Fixtures-Shelving	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	117454	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	117695	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	117792	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	117872	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	117912	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	118141	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	035100	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	035884	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	035886	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	035924	    	Fixtures-Display	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	036323	    	Fixtures-Display	  	8/30/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	665382	    	Fixtures-Lighting	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	10691625	    	Visual	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	138220	    	Fixtures-Shelving	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	140200	    	Fixtures-Shelving	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	1019517	    	Signs	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	33108	    	Fixtures	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	HW-C	    	4693358-A	    	Computer HW	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	301059	    	Fixtures-Hangers	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	0480705-IN	    	Tailor Shop Equip	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	00020470	    	Fixtures-Track	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    		    	5507	    	Fixtures-Lighting	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	5348914	    	Fixtures	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	5348968	    	Fixtures	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	SHW832390	    	Fixtures	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    		    	235042	    	Visual	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    		    	59262	    	Visual	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    		    	59414	    	Visual	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	6000042716	    	Escalator Repair	  	9/23/2013
	 10
	    	 	99011	  	    	DXL	    	EQUIP-S	    	665781	    	Cabling/Phones	  	8/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	0488065-IN	    	Tailor Shop Equipment	  	9/11/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	119419	    	Fixtures-Display	  	11/7/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	1053785	    	Fixtures-Shoe Riser	  	10/25/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	036780	    	Fixtures-Display	  	9/30/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	036781	    	Fixtures-Display	  	9/30/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	036782	    	Fixtures-Display	  	9/30/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	47060	    	Fixtures-Display	  	10/2/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	44269	    	Fixtures-Display	  	8/29/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	48033	    	Fixtures-Display	  	11/6/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	LNL5098	    	Headsets	  	10/10/2013
	 10
	    	 	99011	  	    	DXL	    	FF-S	    	4258	    	Fixtures-Headsets	  	8/10/2013
	
	 Equipment Location: Meridian Crossroads 3427 E. Fairview Rd. Meridian (Boise) ID 83642

	 10
	    	 	99858	  	    	DXL	    	FF-S	    	012815	    	Fixtures-Chairs	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	44440	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	44894	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	45799	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	45857	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	46582	    	Fixtures-Display	  	9/11/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	0485373-IN	    	Tailor Shop Equip	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	0485376-IN	    	Tailor Shop Equip	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	3058	    	Fixtures-Pool Table	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	LHI-S	    	39784	    	Signs	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	19176	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	DI 644156	    	Fixtures-Shoe Fixtures	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	SIGNS	    	005.227050	    	Signs	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	115226	    	Fixtures-Mannequins	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	20606	    	Fixtures-Shelving	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	117493	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	117793	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	117909	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	117926	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	118115	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	8305071	    	Fixtures-Furniture	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	035883	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	035885	    	Fixtures-Display	  	8/20/2013

  
 Page 2 of 4

															
	Company	    	Division	 	    	Type	    	Asset Type	    	Invoice	    	Description	  	Insrv Date
							
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	035920	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	035921	    	Fixtures-Display	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	036332	    	Fixtures-Display	  	8/31/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	138670	    	Fixtures-Shelving	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	33521	    	Fixtures	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	HW-C	    	4775963-B	    	Computer HW	  	9/9/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	03042013	    	Fixtures-Headsets	  	8/20/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	216558639	    	Opto Fixtures Freight	  	10/24/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	1053766	    	Fixtures-Shoe Riser	  	10/25/2013
	 10
	    	 	99858	  	    	DXL	    	FF-S	    	47896	    	Fixtures-Display	  	10/31/2013
	
	 Equipment Location: 8889 Gateway Blvd W Bldg 190 Ste 550 El Paso, TX 79925

	 10
	    	 	99429	  	    	DXL	    	FF-S	    	012412	    	Fixtures-Chairs	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	45495	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	45966	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	46070	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	0486804-IN	    	Tailor Shop Equip	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	0486805-IN	    	Tailor Shop Equip	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	3071B	    	Fixtures-Pool Table	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	LHI-S	    	40578	    	Signs	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	19255	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	DI647147	    	Fixtures-Shoe Fixtures	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	115769	    	Fixtures-Mannequins	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	20616	    	Fixtures-Shelving	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	117962	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	118340	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	118718	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	8305770	    	Fixtures-Furniture	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	035941	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	035942	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	035943	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	036317	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	036326	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	036327	    	Fixtures-Display	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	LNL4892	    	Fixtures-Headsets	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	139840	    	Fixtures-Shelving	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	1027545	    	Signs	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	8487394	    	Fixtures-Shoe Fixtures	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	HWC	    	4858632-B	    	DSL	  	10/4/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	301978	    	Fixtures-Hangers	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	EQUIP-S	    	975054	    	Cabling-Phones	  	10/23/2013
	 10
	    	 	99429	  	    	DXL	    	LHI-S	    	50700648	    	Alarm Systems	  	10/21/2013
	 10
	    	 	99429	  	    	DXL	    	LHI-S	    	50700649	    	Alarm Systems	  	10/21/2013
	 10
	    	 	99429	  	    	DXL	    	LHI-S	    	50789363	    	Alarm Systems	  	10/28/2013
	 10
	    	 	99429	  	    	DXL	    	EQUIP-S	    	968490	    	Cabling/Phones	  	9/28/2013
	 10
	    	 	99429	  	    	DXL	    	EQUIP-S	    	291227253	    	Cabling/Phones	  	10/1/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	216530748	    	Joslin Fixtures Freight	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	0490039-IN	    	Tailor Shop Equipment	  	11/12/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	1053770	    	Fixtures-Shoe Riser	  	10/25/2013
	 10
	    	 	99429	  	    	DXL	    	SIGNS	    	005224340	    	Signs	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	12807	    	Fixtures-Lighting	  	9/23/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	47128	    	Fixtures-Display	  	10/3/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	47353	    	Fixtures-Display	  	10/10/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	LNL5330	    	Headsets	  	11/8/2013
	 10
	    	 	99429	  	    	DXL	    	FF-S	    	A27626-0	    	Fixtures-Track	  	9/23/2013
	
	 Equipment Location: 2021 Gallatin Pike N Ste 276 Madison (Nashville) TN 37115

	 10
	    	 	99157	  	    	DXL	    	FF-S	    	012902	    	Fixtures-Chairs	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	45484	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	45675	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	46199	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	45818	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	0486664-IN	    	Tailor Shop Equip	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	0486666-IN	    	Tailor Shop Equip	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	3071	    	Fixtures-Pool Table	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	LHI-S	    	40030	    	Signs	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	19181	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	DI646224	    	Fixtures-Shoe Fixtures	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	115635	    	Fixtures-Mannequins	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	20614	    	Fixtures-Shelving	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	118003	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	118222	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	118314	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	8305847	    	Fixtures-Furniture	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	035926	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	035927	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	036318	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	036319	    	Fixtures-Display	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	LNL4871	    	Fixtures-Headsets	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	140180	    	Fixtures-Shelving	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	140183	    	Fixtures-Shelving	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	33607	    	Fixtures	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	8486093	    	Fixtures-Shoe Fixtures	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	HW-C	    	4693358-C	    	Computer HW	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	020555-0	    	Fixtures-Track	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	020555-0	    	Fixtures-Track	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	301976	    	Fixtures-Hangers	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	SIGNS	    	26425	    	Signs	  	10/25/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	90762	    	Fixtures-Display Cabinet	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	EQUIP-S	    	970850	    	Cabling-Phones	  	10/8/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	056773	    	Fixtures-Accessory Rack	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	59976	    	Fixtures	  	9/10/2013
	 10
	    	 	99157	  	    	DXL	    	EQUIP-S	    	451585	    	Music System	  	9/26/2013
	 10
	    	 	99157	  	    	DXL	    	LHI-S	    	50641789	    	Alarm Systems	  	9/30/2013
	 10
	    	 	99157	  	    	DXL	    	LHI-S	    	50641790	    	Alarm Systems	  	9/30/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	0488667-IN	    	Tailor Shop Equipment	  	9/24/2013
	 10
	    	 	99157	  	    	DXL	    	FF-S	    	114665966	    	Hennesey Mathes Fixtures Freight	  	9/26/2013

  
 Page 3 of 4

															
	Company	  	Division	 	  	Type	  	Asset Type	  	Invoice	  	Description	  	Insrv Date
							
	 10
	  	 	99157	  	  	DXL	  	FF-S	  	216558644	  	Opto Fixtures Freight	  	10/24/2013
	 10
	  	 	99157	  	  	DXL	  	FF-S	  	1053786	  	Fixtures-Shoe Riser	  	10/25/2013
	 10
	  	 	99157	  	  	DXL	  	FF-S	  	20632	  	Fixtures-Display	  	9/25/2013
	 10
	  	 	99157	  	  	DXL	  	FF-S	  	47073	  	Fixtures-Display	  	10/2/2013
	 10
	  	 	99157	  	  	DXL	  	FF-S	  	46200	  	Fixtures-Display	  	9/10/2013
	 10
	  	 	99157	  	  	DXL	  	FF-S	  	140182A	  	Fixtures-Display	  	8/13/2013

 As more fully described in the electronic disk provided to Lender by Borrower. 

 

			
	Destination XL Group, Inc.
		
	By:	 	/s/ DAVID A. LEVIN
	Title:	 	President, CEO

  
 Page 4 of 4

 EXHIBIT B EQUIPMENT SECURITY NOTE NO. 17608-70009 

 

															
	STORE	 	    	LOCATION	    	CENTER NA	    	ADDRESS1	    	CITY	  	ST	  	ZIP CODE
	 	10	  	    	99852	    	DXL	    	BIG BEAVER CTR 2028 W. BIG BEAVER RD	    	TROY (W. Big Beaver)	  	Ml	  	48084
	 	10	  	    	99127	    	DXL	    	723 US 1 SUITE 723 C	    	INDIANAPOLIS (GREENWOOD)	  	IN	  	46142
	 	10	  	    	99527	    	DXL	    	DIAMOND RETAIL CTR 523 S. GAMMON RD	    	MADISON	  	WI	  	53719
	 	10	  	    	99011	    	DXL	    	113 E. CHICAGO AVENUE	    	CHICAGO	  	IL	  	60611
	 	10	  	    	99858	    	DXL	    	MERIDIAN CROSSROADS 3427 E. FAIRVIEW RD	    	MERIDIAN (BOISE)	  	ID	  	83642
	 	10	  	    	99429	    	DXL	    	8889 GATEWAY BLVD W BLDG 190 STE 550	    	EL PASO	  	TX	  	79925
	 	10	  	    	99157	    	DXL	    	2021 GALLATIN PIKE N STE 276	    	MADISON (NASHVILLE)	  	TN	  	37115

  

			
	Destination XL Group, Inc.
		
	By:	 	/s/ DAVID A. LEVIN
		 	  

		
	Title:	 	President, CEO
		 	  

  
 Page 1 of 1

 

 
  

					
	DAVID A. LEVIN	  		  	
	PRESIDENT	  		  	
	CHIEF EXECUTIVE OFFICER	  		  	
			
		  	December 23, 2013	  	

 Banc of America Leasing & Capital, LLC 

125 Dupont Drive 

Providence, RI 02907 
 Attn: Steven J. Beadling 
 RE: Equipment Security Note Number 17608-70009, dated as
of December 23, 2013 between Destination XL Group, Inc. (“Borrower”) and Banc of America Leasing & Capital, LLC (“Lender”) (the “Equipment Note”) 

Dear Mr. Beadling: 
 By executing this letter, the undersigned, David Levin, as the duly elected or appointed Chief Executive Officer of Borrower, hereby represents, warrants, covenants and certifies that the Equipment
described on the attached Exhibit A (the “Equipment”) which will be financed under the above-referenced Equipment Note has been paid for in full by Borrower. 
 See Exhibit A attached hereto and made a part hereof. 
 The undersigned
hereby further represents, warrants, covenants and certifies that said title to the Equipment has passed to Borrower free and clear of all liens and encumbrances. 
 Please do not hesitate to call me at 1 (781) 828-9300 if you have any questions regarding the above or the attached. 

 

			
	By:	 	/s/ DAVID A. LEVIN
		 	  

	Name:	 	David Levin
	Title:	 	President & CEO

  
  

 

					
	DLEVIN@DXLG.COM	  		  	555 TURNPIKE STREET
	781.828.9300 x2000	  	DESTINATIONXL.COM	  	CANTON, MA 02021-2724EX-10.1

 Exhibit 10.1 
 PIER 1 IMPORTS, INC. 
 STOCK PURCHASE PLAN 

Restated As Amended December 1, 2013 
 PURPOSE OF PLAN 
 The purpose of the Pier 1 Imports, Inc. Stock Purchase Plan (the
“Plan”), which was established in 1980 and was most recently amended and restated on June 20, 2008, is to provide Eligible Participants of Pier 1 Imports, Inc. and its employing affiliates with the opportunity to acquire an ownership
interest in Pier 1 Imports, Inc. and thereby provide those who will be responsible for the continued growth of Pier 1 Imports, Inc. with a more direct concern about its welfare and a common interest with other shareholders of Pier 1 Imports, Inc.
The Plan provides a voluntary method of acquiring shares of Common Stock in convenient installments by compensation deductions, supplemented by contributions from the Company. Certain terms used herein are defined in Article XII. 

ARTICLE I 

ELIGIBILITY 

All employees of the Company who have attained the age of majority of their state or province of residence and have completed 60 days of
continuous employment with the Company will be eligible to participate in the Plan at their election. Directors will also be eligible to participate in the Plan at their election; provided, however, that Directors who are also employees of the
Company will be governed by all provisions of the Plan, including eligibility requirements, applicable to employees of the Company. 
 No amounts from an employee Participant’s Account will be used to purchase shares of Common Stock if immediately after such purchase such employee would own 5% or more of the total combined voting
power or value of all classes of stock of the Company (including any stock attributable to such employee under Section 424(d) of the Code). 
 ARTICLE II 
 PARTICIPATION 

An Eligible Participant may enroll as a Participant by completing and signing a compensation deduction authorization form designated by
the Company from time to time, in hard copy or in electronic form. Such forms may be obtained through the Human Resources Department of the Eligible Participant’s employer, or in the case of a non-employee Director from Pier 1 Imports, Inc.
Enrollment shall become effective and the Company will establish an Account for an Eligible Participant as soon as practicable after the signed compensation deduction authorization form is received by the Eligible Participant’s employer or in
the case of a non-employee Director, is received by the Company. The effective date of enrollment for Eligible Participants may be subject to the Pier 1 Imports, Inc. insider trading policies and procedures which may cause the effective date of
enrollment to be delayed. 

  
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 ARTICLE III 
 METHOD OF OPERATION 
 Pier 1 Imports, Inc., assisted by the Administrative
Committee, will administer the Plan and will establish an Account in the name of each Participant. The Company will deduct funds from each Participant’s pay as authorized and will credit monthly the Plan Account of such Participant with such
deducted fund amounts plus Company contribution amounts established pursuant to Article V on behalf of Participant. Such amounts will be used as soon as administratively practicable to purchase shares of Common Stock (i) in the open market by a
Broker designated by the Administrative Committee, or (ii) directly from Pier 1 Imports, Inc. No purchases of Common Stock, however, through a Broker may be made at a price which is greater than the fair market value of the Common Stock at the
time of the purchase. Purchases of shares of Common Stock from Pier 1 Imports, Inc. will be at the Closing Price on the last Trading Day of each calendar month. Purchased shares will be allocated monthly to the Accounts of Participants in proportion
to the funds received for each respective Account. Allocation will be made in full shares of Common Stock and fractional interests therein to the ten-thousandth of a share. Any Broker’s commissions or markups on purchases made by a Broker will
be paid by Pier 1 Imports, Inc. 
 ARTICLE IV 
 COMPENSATION DEDUCTIONS 
 An employee Participant, including an employee
Participant who is also a Director, will specify in a deduction authorization form the amount to be withheld from Compensation, with a minimum of $2.50 per week and a maximum of 20% of Compensation. A non-employee Director will specify in a
deduction authorization form the amount to be withheld from cash director compensation payments. A non-employee Director may not contribute any amounts in excess of cash director compensation payments. Deductions from Compensation or deductions from
a non-employee Director’s cash director compensation payments, as the case may be, will be made from each payment to a Participant, and such authorization will remain effective until revised or terminated as hereinafter provided. 

Deductions from Compensation or deductions from a non-employee Director’s cash director compensation payments, as the case may be,
may be increased or decreased (subject to the minimum and maximum limitations set forth above) at any time by the Participant completing a new deduction authorization form and submitting it to the Human Resources Department of the Participant’s
employer, or to Pier 1 Imports, Inc. in the case of a non-employee Director. Commencement of deductions and increases or decreases of deductions will become effective as of the first day of a payroll period, provided that it is administratively
practicable and subject to and in compliance with the Pier 1 Imports, Inc. insider trading policies and procedures, after a Participant’s request is received. With respect to non-employee Directors, all references to “the first day of a
payroll period” herein means the date of a cash director compensation payment. 

  
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 ARTICLE V 
 COMPANY CONTRIBUTIONS 
 The Company will contribute an amount equal to 25% of the
Compensation deduction of each employee Participant, including an employee Participant who is also a Director, for the purchase of Common Stock under the Plan for each Participant. The Company will contribute an amount equal to 25% of the
non-employee Director’s deduction from his cash director compensation payments for the purchase of Common Stock under the Plan for such non-employee Director. 
 ARTICLE VI 
 TERMINATION OF COMPENSATION DEDUCTIONS 

A Participant’s compensation deduction authorization shall automatically terminate upon death, termination of employment or
cessation of service as a Director, as the case may be. 
 Compensation deductions may also be voluntarily terminated at any
time by Participant’s written notice to the Human Resources Department of the Participant’s employer, or notice to Pier 1 Imports, Inc. with respect to a non-employee Director Participant. Voluntary termination of deductions shall become
effective as of the first day of a payroll period after receipt of the applicable notice as described in the preceding sentence, provided that it is administratively practicable and subject to and in compliance with the Pier 1 Imports, Inc. insider
trading policies and procedures. A Participant who terminates deductions may not re-commence compensation deductions until 6 months after such termination of deductions. After that time, the Participant may re-commence compensation deductions by
completing a deduction authorization form as set forth in Article IV. 
 ARTICLE VII 

TERM; AMENDMENT OR TERMINATION OF PLAN 
 Unless previously terminated by the Board of Directors, the Plan will automatically terminate on the earlier of (i) June 29, 2015, or (ii) when an aggregate of 3,500,000 shares of Common
Stock, plus 881,923 authorized shares of Common Stock which remained available for issuance under the Plan on March 28, 2009, have been issued after June 29, 2010. The Board of Directors reserves the right to amend, suspend or terminate
the Plan at any time. Any such action will not result in the forfeiture of any funds deducted from the compensation of any Participant or contributed by the Company on behalf of any Participant, or of any Common Stock shares or fractional interest
in Common Stock shares held in a Participant’s Account, or of any dividends or other distributions in respect of such shares, which occur before the effective date of the amendment, suspension or termination of the Plan. 

  
 3 

 Any amendment to the Plan will be submitted to the shareholders of Pier 1 Imports, Inc. for
approval by the affirmative vote of a majority of the shares of the Common Stock present in person or represented by proxy and entitled to a vote on the matter at a meeting called therefor, if the amendment would: 

 

	 	(a)	materially increase the benefits accruing to Participants; or 

  

	 	(b)	materially increase the number of shares of Common Stock which may be issued under the Plan; or 

 

	 	(c)	materially modify the requirements as to eligibility for participation in the Plan. 

ARTICLE VIII 

PARTICIPANTS’ ACCOUNTS 
 Each Participant for whose Account purchases of shares of Common Stock were allocated acquires full ownership of all such allocated shares and any fractional interest therein. All shares will be
registered in the name of the Plan and will remain so registered until delivery of the shares to the Participant pursuant to Article IX below or until “released” shares are sold or transferred by the Participant. All such allocated shares
of Common Stock in a Participant’s Account will initially be classified under the Plan as “unreleased” and may not be sold, transferred or otherwise disposed until released. All shares in the Account of each Participant shall be
automatically classified as “released” at least once each calendar year. Participants may sell or transfer released shares at any time, subject to Article X below. 
 No Participant may grant a security interest (or take any other action prohibited by the Pier 1 Imports, Inc. insider trading policy) in the shares allocated to a Participant’s Account and held in
the name of the Plan. A Participant’s compensation deductions will terminate if the Participant grants a security interest or sells or assigns the Participant’s interest in the Plan. 

A Participant’s Account will be credited with all dividends, if any, paid with respect to the full shares and any fractional
interest in shares of Common Stock held in the Participant’s Account. All cash dividends will be reinvested in Common Stock at the Closing Price on the date the dividend is paid. All such shares of Common Stock will initially be classified
under the Plan as “unreleased” until automatically classified as “released” as described above. 
 Stock
dividends and/or any stock splits with respect to shares of Common Stock held in a Participant’s Account will be credited to the Account without charge. Distributions of other securities and rights to subscribe may be sold at the direction of
the Administrative Committee, and the proceeds will be handled in the same manner as a cash dividend. 
 A Participant will
receive semi-annual statements of his Account in hard copy or electronic form. The Company will send to each Participant as soon as administratively practicable, by mail or otherwise, all notices of meetings, proxy statements and other materials
distributed by Pier 1 Imports, Inc. to its shareholders. Upon receipt of instructions from a 

  
 4 

 
Participant, the Administrator of the Plan will vote, or exercise dissenter’s rights when applicable, all shares of Common Stock in Participant’s Account in accordance with the
instructions of Participant. In addition, the Administrator of the Plan will vote, or exercise dissenter’s rights when applicable, shares of Common Stock in Participants’ Accounts for which no instructions were received in the same
proportion as shares for which instructions were received are voted. 
 In the event of a tender offer for Common Stock, the
Company will send to each Participant the tender offer documents and other materials relating to such tender offer that are received by the Plan as a holder of Common Stock, together with a form to provide instructions whether to direct the
Administrator of the Plan to tender into the tender offer all shares of Common Stock in a Participant’s Account. Upon receipt of instructions from a Participant, the Administrator of the Plan will take such action as directed by Participant. In
addition, the Administrator of the Plan will tender into such tender offer, from the number of shares of Common Stock for which no valid instructions were received from Participants, a number of those shares equal to the same percentage of
instructed shares electing to tender into the tender offer. 
 ARTICLE IX 

DISTRIBUTION OF SHARES AFTER TERMINATION 
 Upon death or termination of employment or cessation of service as a Director, as the case may be, all shares in the Account of such Participant shall be distributed to the Participant or his estate as
applicable, as soon as administratively practicable after the end of the month in which the termination event occurred. 
 The
Company may at its option make all distributions under this Article IX electronically in book-entry form which may include delivery of fractional shares. If the Company elects to distribute only full shares from the Plan, then any fractional shares
shall either be valued at the Closing Price or sold at market value on the date of distribution and cash in such amount shall be distributed in conjunction with the distribution of full shares. 

ARTICLE X 

RESALE OF STOCK ACQUIRED FROM THE PLAN 
 Participants who are deemed to be “affiliates” of Pier 1 Imports, Inc. within the meaning of the Securities Act of 1933, as amended (“Act”) may sell or transfer such shares only in
accordance with the provisions of Rule 144 under such Act, in a transaction otherwise exempt from registration under such Act, or pursuant to an effective registration under such Act. Additionally, all sales of Common Stock shall be subject to and
in compliance with the Pier 1 Imports, Inc. insider trading policies and procedures and all applicable laws, rules and regulations. 

  
 5 

 ARTICLE XI 
 MISCELLANEOUS 
 Neither the act of establishing the Plan nor any provision hereof
or action taken hereunder shall be construed as giving any Participant the right to be retained as an employee of the Company or Director, and the right of the Company to dismiss or discharge any employee, and the right of the shareholders of Pier 1
Imports, Inc. to elect Directors of Pier 1 Imports, Inc., are specifically reserved. 
 Pier 1 Imports, Inc. may require
compliance with or satisfaction of any legal requirement which may be deemed by it necessary as a condition for participation in the Plan, release of shares, or distribution or payment of interests or benefits thereunder. 

By his act of participating in the Plan, or of accepting any benefits hereunder, a Participant and any person claiming under or through
him shall thereby be conclusively deemed to have accepted and consented to the application to him of the provisions of the Plan. 
 Neither Pier 1 Imports, Inc. nor any of its subsidiaries, both corporate and non-corporate (including, but not limited to, any statutory trust), nor any Director, officer, employee or agent of Pier 1
Imports, Inc. or any of its subsidiaries, both corporate and non-corporate (including, but not limited to, any statutory trust), warrants or represents in any way to any Participant that the value of Common Stock will increase or will not decrease
or that dividends will be paid on Common Stock, either at all or at any particular level. Each Participant assumes all risks in connection with changes in value of Common Stock and all risks that dividends may not be paid, either at all or at any
particular level. 
 Any words used herein in the masculine gender shall be construed as though they were used in the feminine
gender wherever appropriate. 
 The Company may at its option designate an agent to administer certain functions required under
the Plan, including, without limitation, the enrollment process, recordkeeping, distributions, forms for compensation deduction authorizations and terminations, and Participant statements, with such processes, forms and statements in hard copy or
electronic form. 
 The Plan is hereby amended and restated in its entirety effective as of December 1, 2013. 

ARTICLE XII 

DEFINITIONS 

For the purpose of the Plan, unless the context clearly or necessarily indicates the contrary, the following words and phrases shall have
the meanings set forth in the definitions below: 
 a. “Account” shall mean the separate Account
established and maintained for each Participant pursuant to Article VIII hereof. 

  
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 b. “Administrative Committee” shall mean the committee which may
be from time to time formed to assist Pier 1 Imports, Inc. in the administration of the Plan, the members of which shall be appointed by the Board of Directors. The Administrative Committee shall be comprised of not less than two “Non-Employee
Directors” of Pier 1 Imports, Inc., as that term is defined in Rule 16b-3(b) promulgated under the Securities Exchange Act of 1934, as amended. The Administrative Committee will be the Compensation Committee of the Board of Directors provided
that the above requirements are met, in which event no additional appointment shall be necessary by the Board of Directors. 
 c. “Administrator of the Plan” shall mean Pier 1 Imports, Inc. 
 d. “Board of Directors” shall mean the Board of Directors of Pier 1 Imports, Inc. 
 e. “Broker” shall mean the broker appointed by the Administrative Committee pursuant to Article III. 
 f. “Closing Price(s)” shall mean on any date the closing sale price per share (or if no closing sale price is reported, the average of the bid and ask prices) on that date as reported in the
composite transactions table for the principal U.S. national or regional securities exchange on which the Common Stock is listed or admitted for trading. If the Common Stock is not listed or admitted for trading on a U.S. national or regional
securities exchange on the relevant date, then the “Closing Price” of the Common Stock will be the average of the bid and ask prices for the Common Stock in the over-the-counter market on the relevant date as reported by OTC Markets Group
Inc. or similar organization. If the Common Stock is not so quoted, the “Closing Price” of the Common Stock will be such other amount as the Administrative Committee may reasonably ascertain to represent such “Closing Price.” The
Closing Price shall be determined without reference to extended or after-hours trading. 
 g. “Code”
shall mean the Internal Revenue Code of 1986, as amended. 
 h. “Common Stock” shall mean shares of
common stock, par value $0.001 per share, of Pier 1 Imports, Inc. 
 i. “Company” shall mean Pier 1
Imports, Inc., a Delaware corporation, its successors and assigns and any of its subsidiaries both corporate and non-corporate (including, but not limited to, any statutory trust) any of which has employees and which shall adopt the Plan by action
of its board of directors, or other governing person or entity, if applicable. 
 j. “Compensation”
shall mean the total of all amounts paid by an employer to or for the benefit of an employee Participant for services rendered or labor performed for the employer which are required to be reported on the Participant’s federal income tax
withholding statement or statements (Form W-2, Box 1 or its subsequent equivalent), subject to the following exclusions: taxable income resulting from the exercise of stock options, non-cash compensation (i.e., non-cash awards), moving expense
reimbursements, cash and non-cash 

  
 7 

 
fringe benefits, expense allowances, expense reimbursements, payments of deferred compensation, welfare benefits, severance pay, supplemental disability pay, relocation pay and compensation
earned before an employee was first eligible to participate in the Plan. 
 k. “Director” shall mean an
individual who is a member of the Board of Directors of Pier 1 Imports, Inc. 
 l. “Eligible
Participant” shall mean any employee, including any employee who is a Director, or a non-employee Director who meets the requirements stated in Article I. 
 m. “Participant” shall mean any employee or non-employee Director who elects in accordance with the provisions of the Plan to participate in the Plan through compensation deductions pursuant to
Article II. 
 n. “Plan” shall mean the Pier 1 Imports, Inc. Stock Purchase Plan, as amended and
restated herein. 
 o. “Trading Day(s)” shall mean a day on which (i) trading in the Common Stock
generally occurs on the New York Stock Exchange or, if the Common Stock is not then listed on the New York Stock Exchange, on the principal other U.S. national or regional securities exchange on which the Common Stock is then listed or, if the
Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock is then traded, and (ii) a Closing Price for the Common Stock is available on such securities exchange
or market. 

  
 8 

 Effective as amended and restated December 1, 2013 

 

			
	Pier 1 Imports, Inc.,
	a Delaware corporation
		
	By:	 	 /s/ Gregory S. Humenesky

		 	Gregory S. Humenesky
		 	Executive Vice President
	
	Date: November 22, 2013

  
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