Document:

EXHIBIT 10.9
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Certain identified information has been excluded from the exhibit because it is both not material and would likely cause competitive harm to the registrant if publicly disclosed. Such exclusions have been marked with a [****].
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THIRD AMENDMENT TO PRIVATE LABEL CREDIT CARD PROGRAM AGREEMENT
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This Third Amendment (“Third Amendment”) to that certain Private Label Credit Card Program Agreement dated June 29, 2018 is made and entered into effective this 1st day of August, 2021 (the “Third Amendment Effective Date”) by and between Victoria’s Secret Stores, LLC (“Victoria’s Secret”), VS Service Company, LLC by change of name and organizational form from L Brands Direct Marketing, Inc., and L Brands Direct Fulfillment, LLC by change of organizational form from L Brands Direct Fulfillment, Inc. (collectively referred to as “Direct”),and VSPR Store Operations, LLC by change of name from Puerto Rico Store Operations, LLC (“Puerto Rico”) (Victoria’s Secret, Direct, and Puerto Rico collectively hereinafter referred to as “VS”) and Comenity Bank (“Bank”) (VS and Bank are referred to collectively as the “Parties”). 
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WHEREAS, VS and Bank entered into that certain Private Label Credit Card Program Agreement dated June 29, 2018 (as amended, modified or supplemented from time to time, the “Agreement”); 
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WHEREAS, Bath and Body Works, LLC (“BBW”) is an Affiliate of VS and is permitted to honor the Credit Cards under Section 2.1 and Section 3.1 of the Agreement; 
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WHEREAS, the Agreement does not permit non-VS Affiliates to honor Credit Cards; 
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WHEREAS, the Parties desire to permit BBW to continue honoring the Credit Cards for a period of time following a merger, acquisition, reorganization, public spin off, or other similar transaction or disposition, whereby, as a result, BBW and VS are no longer Affiliates; and
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WHEREAS, the Parties desire to change certain terms to the Agreement as set forth in this Third Amendment to permit BBW to honor the Credit Cards during the BBW Post-Separation Period.
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NOW, THEREFORE, for good and valuable consideration, the sufficiency of which has been agreed upon by the parties, VS and Bank agree to amend the Agreement with the following terms:
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1.     Definitions. Each term used herein which is not defined in this Third Amendment shall have the meaning assigned to such term in the Agreement. The following definition shall apply for the purposes of this Third Amendment:
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“BBW Post-Separation Period” means that certain up to [****] period following the merger, acquisition, reorganization, public spin off, or other similar transaction or disposition, such time period to be agreed upon by the parties, whereby, as a result, BBW and VS are no longer Affiliates.  
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Page 1 of 4
CONFIDENTIAL AND PROPRIETARY INFORMATION
VS and Comenity Bank Third Amendment

2.     Amendment to the Agreement. As of the Third Amendment Effective Date, the Agreement is amended as follows:
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Section 3.1 is hereby amended by adding the following: 
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“Notwithstanding the foregoing, BBW shall retain the right to honor any Credit Card properly issued and currently authorized by Bank during the BBW Post-Separation Period and subject to the terms of this Agreement.  The BBW Post-Separation Period includes any applicable wind-down period, and BBW may discontinue honoring such Credit Card at any time upon [****] prior written notice to VS.”
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3.     Indemnification.  During the BBW Post-Separation Period, BBW shall be considered a Related Party.
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4.     Royalties.  The Parties agree that during the BBW Post-Separation Period, Net Sales shall include all BBW Credit Sales for the purposes of Schedule 1.1.
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5.     Term and Termination. This Third Amendment shall be effective as of the Third Amendment Effective Date.   
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6.     Miscellaneous.  
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5.1     Except as expressly provided herein, all terms and conditions of the Agreement shall remain in full force and effect and shall apply to the subject matter of this Third Amendment. Wherever possible, the terms of this Third Amendment shall be read in such a manner as to avoid conflict with the Agreement but, in the event of an unavoidable conflict, the terms of this Third Amendment shall control over the terms and conditions of the Agreement solely with respect to the Services described in this Third Amendment. 
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5.2     This Third Amendment may be executed in counterparts, all of which shall constitute one and the same instrument.
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[Signature Pages Follow]

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Page 2 of 4
CONFIDENTIAL AND PROPRIETARY INFORMATION
VS and Comenity Bank Third Amendment

IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment in manner and form sufficient to bind them as of the date first above written.
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	COMENITY BANK
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	By:  /s/ Ronald J. Ostler 
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	Title: President
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	Date: August 2, 2021
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[Signature Pages Continue]
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Page 3 of 4
CONFIDENTIAL AND PROPRIETARY INFORMATION
VS and Comenity Bank Third Amendment

IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment in manner and form sufficient to bind them as of the date first above written.
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	VICTORIA’S SECRET STORES, LLC
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	VS SERVICE COMPANY, LLC

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	By:  /s/ Brad J. Kramer
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	By:  /s/ Brad J. Kramer 

	Title: EVP, CFO Brand r
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	Title: EVP, CFO Brand

	Date: August 2, 2021
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	Date: August 2, 2021

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	VSPR STORE OPERATIONS, LLC
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	L BRANDS DIRECT FULFILLMENT, LLC

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	By:  /s/ Brad J. Kramer
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	By:  /s/ Brad J. Kramer

	Title: EVP, CFO Brand
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	Title: EVP, CFO Brand

	Date: August 2, 2021
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	Date: August 2, 2021

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Page 4 of 4
CONFIDENTIAL AND PROPRIETARY INFORMATION
VS and Comenity Bank Third Amendmentck1844507-ex41_11.htm

Exhibit 4.1

 

	
NUMBER
	
UNITS

	
U-
	
 

SEE REVERSE FOR CERTAIN DEFINITIONS

CUSIP 00444X200

ACHARI VENTURES HOLDINGS CORP. I

UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE WARRANT,

EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE ONE-HALF OF ONE SHARE OF COMMON STOCK

THIS CERTIFIES THAT is the owner of Units.

Each Unit (“Unit”) consists of one (1) share of common stock, par value $0.0001 per share (“Common Stock”), of Achari Ventures Holdings Corp. I, a Delaware corporation (the “Company”), and one redeemable warrant (the “Warrant”). Each whole Warrant entitles the holder to purchase one-half of one share (subject to adjustment) of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on thirty (30) days after the Company’s completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a “Business Combination”) and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”). The Common Stock and Warrants comprising the Units represented by this certificate are not transferable separately prior to , 2021, unless Chardan Capital Markets LLC elects to allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the Company’s initial public offering and issuing a press release announcing when separate trading will begin. No fractional shares of Common Stock will be issued upon exercise of a Warrant. The terms of the Warrants are governed by a Warrant Agreement, dated as of , 2021, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available to any Warrant holder on written request and without cost.

This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

This certificate shall be governed by and construed in accordance with the internal laws of the State of New York.

Witness the facsimile signature of a duly authorized signatory of the Company.

	
 
	
 
	
 

	
Authorized Signatory
	
 
	
Transfer Agent

Achari Ventures Holdings Corp. I

The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights.

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 

	
TEN COM — as tenants in common
	
 
	
UNIF GIFT MIN 
ACT
	
 
	
—
	
 
	
 
	
 
	
Custodian
	
 
	
 

	
TEN ENT — as tenants by the entireties
	
 
	
 
	
 
	
 
	
 
	
(Cust) 
	
 
	
 
	
 
	
(Minor) 

	
 
	
 
	
 
	
 

	
JT TEN — as joint tenants with right of survivorship and not as tenants in common
	
 
	
 
	
 
	
 
	
 
	
under Uniform Gifts to Minors Act

	
 
	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 
	
(State)

Additional abbreviations may also be used though not in the above list.

For value received, hereby sell, assign and transfer unto 

(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE)

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

Units represented by the within Certificate, and do hereby irrevocably constitute and appoint

Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the premises.

Dated

	
 
	
 

	
 
	
 

	
 
	
 

	
 
	
Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

 

	
Signature(s) Guaranteed:
	
 

	
 
	
 

	
 
	
 

	
 
	
 

	
THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE).
	
 

In each case, as more fully described in the Company’s final prospectus dated , 2021, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection with its initial public offering only in the event that (i) the Company redeems the shares of common stock sold in the Company’s initial public offering and liquidates because it does not consummate an initial business combination within the time period set forth in the Company’s amended and restated certificate of incorporation, as the same may be amended from time to time (such date being referred to herein as the “Last Date”), (ii) the Company redeems the shares of common stock sold in its initial public offering in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of the common stock if it does not consummate an initial business combination by the Last Date, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective shares of common stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the details of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

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