Document:

Exhibit 10.4

Exhibit 10.4

PORTIONS OF THIS EXHIBIT 10.4 MARKED BY AN *** HAVE BEEN OMITTED PURSUANT

TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

W

Bridge Accessories WS (+India)

29 June 2011/ 7 July 2011

July 8, 2011

Warnaco Italy S.r.l. as successor to CK Jeanswear Europe S.p.A. (“CKJE”)

WF Overseas Fashion C.V. (“WFOF”)

(the “CKJ Group Entities”, and together with their respective affiliates and successors within

the Warnaco family of companies, hereinafter all collectively the “CKJ Entities” or “W” or “Warnaco”)

	 	 	 
	Re:

	 	Calvin Klein, Inc. (“CKI”) and CKJE/WFOF “CK/Calvin Klein” Bridge Accessories
License d. 31 Jan 06 as amended (“Bridge Accessories License”)

Ladies and Gentlemen:

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

	A.	 	The parties contemplate that W will be entering into and forming, together with Murjani
India, Ltd. (“Murjani”) a joint venture arrangement for the sale of products and conduct of
business in India (the “India Joint Venture”).

	B.	 	CKI hereby confirms that it has provided its consent to the grant of rights by W hereunder to
the India Joint Venture, provided they are consistent with the terms and conditions of this
Amendment (and, as applicable, the Bridge Accessories License).

	C.	 	The parties confirm, acknowledge and agree that W and the India Joint Venture may enter into
additional written agreements to give full effect to the grant of rights by W to the India
Joint Venture, as contemplated herein (the “Additional Agreements”). The Additional Agreements
shall be prepared in accordance with the terms, conditions and obligations of W under the
Bridge Accessories License, as amended hereby.

	D.	 	CKI and W hereby confirm and agree that the following amendments shall be made to the Bridge
Accessories License to add India to the Territory thereunder and to set forth the obligations
of W (and W’s delegation of such rights and obligations to the India Joint Venture, provided W
guarantees performance of all such obligations by said India Joint Venture) with respect to
India.

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

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

	 	a.	 	***

	 
	 	b.	 	***

	 	3.	 	The current Section 4.1.3 of the Bridge Accessories License is hereby restated (and
amended) as set forth on Schedule A, annexed hereto and made a part hereof.

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

	 	 	 
	Year	 	MGF US$
	 	 	 
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	 
	 	***

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

	5.	 	The “Minimum Advertising Expenditures” (“MAE”) solely with respect to the India region under
the Bridge Accessories License shall be ***.

	 	a.	 	***

	 
	 	b.	 	***

	6.	 	Commencing in 2019, the “Minimum Net Sales Thresholds” (“MNST”) solely with respect to the
India region under Bridge Accessories License shall be as follows:

	 	a.	 	***

	 
	 	b.	 	***

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

	 
	8.	 	Section 4.1.4 of the Bridge Accessories License *** is hereby deleted.

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

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

The parties have executed this amendment as of the date first written above.

[Signature Page Follows]

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

	 	 	 	 	 	 	 
	 	 	Calvin Klein, Inc.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Pamela Bradford
 

	 	 
	 
	 	 	 	 	 	 
	 	 	Warnaco Italy S.r.l.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stanley Silverstein
 

	 	 
	 
	 	 	 	 	 	 
	 	 	WFOF Overseas Fashion C.V.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Marissa Pagnani
 

	 	 
	 
	 	 	 	 	 	 
	 	 	Acknowledged by:	 	 
	 	 	[India Joint Venture]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stanley Silverstein
 

	 	 

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

Schedule A

Section 4.1.3:

“Minimum Guaranteed Fees. In respect of each Annual Period or portion thereof during the
License Period, the Licensee shall pay to CKI ***.

	 	 	 
	Annual	 	Minimum Guaranteed Fee (MGF)
	Period/Year	 	(Euros)
	 	 	 
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	 
	 	***Exhibit 10.5

Exhibit 10.5

PORTIONS OF THIS EXHIBIT 10.5 MARKED BY AN *** HAVE BEEN OMITTED PURSUANT

TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE

SECURITIES AND EXCHANGE COMMISSION

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

DMG — W

Jeans Apparel WS (+India)

23 June 2011/27 June 11/ 7 July 2011 July 8, 2011

Warnaco Asia Limited as successor to CK Jeanswear Asia Limited (“CKJA”)

CK Jeanswear Australia, Ltd. (“CKJ Aus”)

CK Jeanswear New Zealand, Ltd. (“CKJNZ”)

CK Jeanswear Korea, Ltd. (“CKJK”)

CK Jeanswear Shanghai, Ltd. (“CKJS”)

WF Overseas Fashion C.V. (“WFOF”)

(“CKJA Group Entities”)

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

	 	 	 
	Re:

	 	Calvin Klein, Inc. (“CKI”) CKJA et alia Jeans Apparel License Agreement (May 1996,
Amended and Restated d. as of 1 January 1997 as amended (“CK Jeans Asia Jeans Apparel
License”), including as to assigned portions to CKJ Aus (Australia), CKJNZ (New Zealand),
CKJ Korea (S. Korea), CKJS (PRC China) and CKJE (Japan), sometimes “Assigned Licenses”

Ladies and Gentlemen:

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

	A.	 	The parties contemplate that W will be entering into and forming, together with Murjani
India, Ltd. (“Murjani”) a joint venture arrangement for the sale of products and conduct of
business in India (the “India Joint Venture”).

	B.	 	CKI hereby confirms that it has provided its consent to the grant of rights by W hereunder to
the India Joint Venture, provided they are consistent with the terms and conditions of this
Amendment (and, as applicable, the CK Jeans Asia Jeans Apparel License).

	C.	 	The parties confirm, acknowledge and agree that W and the India Joint Venture may enter into
additional written agreements to give full effect to the grant of rights by W to the India
Joint Venture, as contemplated herein (the “Additional Agreements”). The Additional Agreements
shall be prepared in accordance with the terms, conditions and obligations of W under the CK
Jeans Asia Jeans License as amended hereby.

	D.	 	CKI and W hereby confirm and
agree that the following amendments shall be made to the CK Jeans
Asia Jeans Apparel License to add India to the Territory thereunder and to set forth the
obligations of W (and W’s delegation of such rights and obligations to the India Joint Venture
provided W guarantees performance of all such obligations by said India Joint Venture) with
respect to India.

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

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

	 	a.	 	***

	 
	 	b.	 	***

	 
	 	c.	 	***

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

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

	 	 	 
	Year/Annual Period	 	Minimum Guaranteed Fees (in US$)
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	***
	***
	 	****
	***
	 	****
	***
	 	****
	***
	 	****
	***
	 	****
	***
	 	****

	 	 	 
	*	 	In each case rounded up to the next US$10K.

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

	 	a.	 	***

	 
	 	b.	 	***

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

	 	a.	 	***

	 
	 	b.	 	***

	 	6.	 	MGF’s and MAE’s shall separately apply and be separately credited towards earned
Percentage Fees and earned advertising expenditure amounts as to the sales in India,
notwithstanding the provisions of the CK Jeans Asia Jeans Apparel License.

	 	7.	 	The parties agree that Section 3 of the Amendment dated 31 January 2006 is hereby
corrected to read in the Minimum Guaranteed Fee for the 26th through 30th Annual Period,
subsection (y) “25th” instead of “15th”.

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

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

The parties have executed this amendment as of the date first written above.

[Signature Page Follows]

 

 

 

CONFIDENTIAL TREATMENT REQUESTED BY THE WARNACO GROUP, INC.

	 	 	 	 	 	 	 
	 	 	Calvin Klein, Inc.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Pamela Bradford
 

	 	 
	 
	 	 	 	 	 	 
	 	 	Warnaco Asia Limited	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stanley Silverstein
 

	 	 
	 
	 	 	 	 	 	 
	 	 	CK Jeanswear Australia, Ltd.	 	 
	 
	 	 	 	 	 	 
	 	 	CK Jeanswear New Zealand, Ltd.	 	 
	 
	 	 	 	 	 	 
	 	 	CK Jeanswear Korea, Ltd. 	 	 
	 
	 	 	 	 	 	 
	 	 	CK Jeanswear Shanghai, Ltd.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stanley Silverstein
 

	 	 
	 
	 	 	 	 	 	 
	 	 	WFOF Overseas Fashion C.V.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Marissa Pagnani
 

	 	 
	 
	 	 	 	 	 	 
	 	 	Acknowledged by:	 	 
	 	 	[India Joint Venture]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stanley Silverstein

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