Document:

Exhibit 10.6

 

THE WET SEAL, INC.

March __, 2014

American Stock Transfer & Trust Company, LLC.

6201 15th Avenue

New York, NY 11219

 

 

	              Re:		The Wet Seal, Inc. - Lock-Up Agreement

Dear Sirs:

This Lock-Up
Agreement is being delivered to you in connection with the Securities Purchase Agreement (the "Purchase Agreement"),
dated as of March __, 2014 by and among The Wet Seal, Inc. (the "Company") and the investors party thereto (the
"Buyers"), with respect to the issuance of (i) senior convertible notes of the Company (the "Notes")
pursuant to which shares of the Company's Class A common stock, par value $0.10 per share (the "Common Stock"),
may be issued upon conversion of, or as principal or interest payments on the Notes and (ii) warrants (the "Warrants")
to purchase Common Stock. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set
forth in the Purchase Agreement.

In order to induce
the Buyers to enter into the Purchase Agreement, the undersigned agrees that, commencing on the date hereof and ending on the earlier
of (i) the first anniversary of the Closing Date and (ii) the date the Notes are no longer outstanding (the "Lock-Up Period"),
the undersigned will not, and will cause all affiliates (as defined in Rule 144 promulgated under the Securities Act of 1933, as
amended) of the undersigned or any person in privity with the undersigned or any affiliate of the undersigned not to, (i) sell,
offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase, make any short sale or otherwise dispose
of or agree to dispose of, directly or indirectly, any shares of Common Stock or Common Stock Equivalents, or establish or increase
a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities
and Exchange Act of 1934, as amended and the rules and regulations of the Securities and Exchange Commission promulgated thereunder
with respect to any shares of Common Stock or Common Stock Equivalents owned directly by the undersigned (including holding as
a custodian) or with respect to which the undersigned has beneficial ownership within the rules and regulations of the Securities
and Exchange Commission (collectively, the "Undersigned's Shares"), or (ii) enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any of the Undersigned's Shares,
whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of shares of Common Stock or other
securities, in cash or otherwise, (3) make any demand for or exercise any right or cause to be filed a registration statement,
including any amendments thereto, with respect to the registration of any shares of Common Stock or Common Stock Equivalents or
(4) publicly disclose the intention to do any of the foregoing.

The foregoing
restriction is expressly agreed to preclude the undersigned, and any affiliate of the undersigned and any person in privity with
the undersigned or any affiliate of the

    	 

    	 

    

undersigned, from engaging in any
hedging or other transaction which is designed to or which reasonably could be expected to lead to or result in a sale or disposition
of the Undersigned's Shares even if the Undersigned's Shares would be disposed of by someone other than the undersigned. Such prohibited
hedging or other transactions would include, without limitation, any short sale or any purchase, sale or grant of any right (including,
without limitation, any put or call option) with respect to any of the Undersigned's Shares or with respect to any security that
includes, relates to, or derives any significant part of its value from the Undersigned's Shares.

Notwithstanding
anything to the contrary in the foregoing, the undersigned may transfer the Undersigned's Shares (i) as a bona fide gift
or gifts, provided that the donee or donees thereof agree to be bound in writing by the restrictions set forth herein, (ii) to
any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned, provided that the trustee
of the trust agrees to be bound in writing by the restrictions set forth herein, and provided further that any such transfer shall
not involve a disposition for value, (iii) on death by will or intestacy, (iv) pursuant to a court order or settlement agreement
approved by a court of competent jurisdiction; or (v) in connection with delivering or withholding shares of Common Stock solely
to satisfy tax withholding obligations with respect to the vesting of restricted stock or restricted stock units, or (vi) at such
time as the undersigned ceases to be an officer or director of the Company or any of its Subsidiaries; provided, however,
that in any such case specified in clauses (iii) through (iv), it shall be a condition to the transfer that the transferee execute
an agreement stating that the transferee is receiving and holding the securities transferred subject to the provisions of this
Lock-Up Agreement, and there shall be no further transfer of such securities except in accordance with this Lock-Up Agreement.
For purposes of this Lock-Up Agreement, "immediate family" shall mean any relationship by blood, marriage or adoption,
not more remote than first cousin. The undersigned now has, and, except as contemplated by the immediately preceding sentence,
for the duration of this Lock-Up Agreement will have, good and marketable title to the Undersigned's Shares, free and clear of
all liens, encumbrances, and claims whatsoever. The undersigned also agrees and consents to the entry of stop transfer instructions
with the Company's transfer agent (the "Transfer Agent") and registrar against the transfer of the Undersigned's
Shares except in compliance with the foregoing restrictions.

In order to enforce
this covenant, the Company shall impose irrevocable stop-transfer instructions preventing the Transfer Agent from effecting any
actions in violation of this Lock-Up Agreement.

The undersigned
acknowledges that the execution, delivery and performance of this Lock-Up Agreement is a material inducement to each Buyer to complete
the transactions contemplated by the Purchase Agreement and that the Company shall be entitled to specific performance of the undersigned's
obligations hereunder. The undersigned hereby represents that the undersigned has the power and authority to execute, deliver and
perform this Lock-Up Agreement, that the undersigned has received adequate consideration therefor and that the undersigned will
indirectly benefit from the closing of the transactions contemplated by the Purchase Agreement.

The undersigned
understands and agrees that this Lock-Up Agreement is irrevocable and shall be binding upon the undersigned's heirs, legal representatives,
successors, and assigns.

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This Lock-Up
Agreement may be executed in two counterparts, each of which shall be deemed an original but both of which shall be considered
one and the same instrument.

This Lock-Up
Agreement will be governed by and construed in accordance with the laws of the State of New York, without giving effect to any
choice of law or conflicting provision or rule (whether of the State of New York, or any other jurisdiction) that would cause the
laws of any jurisdiction other than the State of New York to be applied. In furtherance of the foregoing, the internal laws of
the State of New York will control the interpretation and construction of this Lock-Up Agreement, even if under such jurisdiction's
choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply.

[Remainder of page intentionally
left blank]

 

 

 

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			Very truly yours,

			______________________________

			Exact Name of Shareholder

			______________________________

			Authorized Signature

			______________________________

			Title

 

Agreed to
and Acknowledged:

 

THE WET
SEAL, INC.

 

 

	By:		_______________________
	 	 	Name:
	 	 	Title:

 

 

    	4CCH-2013.12.31-EX4.6

FOURTH SUPPLEMENTAL INDENTURE 

Fourth Supplemental Indenture (this “Fourth Supplemental Indenture”), dated as of March 21, 2014, among ClubCorp NV VI, LLC, a Nevada limited liability company; ClubCorp NV VII, LLC, a Nevada limited liability company; ClubCorp NV VIII, LLC, a Nevada limited liability company; ClubCorp NV IX, LLC, a Nevada limited liability company; and ClubCorp NV X, LLC, a Nevada limited liability company (collectively, the “Guaranteeing Subsidiaries”), which are subsidiaries of ClubCorp Club Operations, Inc., a Delaware corporation (the “Company”), and Wilmington Trust, National Association (successor by merger to Wilmington Trust FSB), as trustee (the “Trustee”).
W I T N E S S E T H
WHEREAS, each of the Company and the Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of November 30, 2010, providing for the issuance of an unlimited aggregate principal amount of 10% Senior Notes due 2018 (the “Notes”);
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally Guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture; and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
1.    Capitalized Terms.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.    Guarantor.  The Guaranteeing Subsidiaries each hereby agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including Article 10 thereof.
3.    Governing Law.  THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS FOURTH SUPPLEMENTAL INDENTURE.
4.    Waiver of Jury Trial.  EACH OF THE GUARANTEEING SUBSIDIARIES AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO 

TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS FOURTH SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.
5.    Counterparts.  The parties may sign any number of copies of this Fourth Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.
6.    Headings.  The headings of the Sections of this Fourth Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Fourth Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
7.      Trustee Makes No Representation. The Trustee makes no representation or warranty as to the validity or sufficiency of this Fourth Supplemental Indenture or with respect to the recitals contained herein, all of which recitals are made solely by the other parties hereto.
[Signature Page Follows]

    

IN WITNESS WHEREOF, the parties hereto have caused this Fourth Supplemental Indenture to be duly executed, all as of the date first above written.
	
		
	CLUBCORP NV VI, LLC

	By

	By:
	/s/ Curtis D. McClellan

	Name:
	Curtis D. McClellan

	Title:
	Treasurer

	
		
	CLUBCORP NV VII, LLC

	By

	By:
	/s/ Curtis D. McClellan

	Name:
	Curtis D. McClellan

	Title:
	Treasurer

	
		
	CLUBCORP NV VIII, LLC

	By

	By:
	/s/ Curtis D. McClellan

	Name:
	Curtis D. McClellan

	Title:
	Treasurer

	
		
	CLUBCORP NV IX, LLC

	By

	By:
	/s/ Curtis D. McClellan

	Name:
	Curtis D. McClellan

	Title:
	Treasurer

	
		
	CLUBCORP NV X, LLC

	By

	By:
	/s/ Curtis D. McClellan

	Name:
	Curtis D. McClellan

	Title:
	Treasurer

	
		
	WILMINGTON TRUST, NATIONAL ASSOCIATION (SUCCESSOR BY MERGER TO WILMINGTON TRUST FSB), as Trustee

	By

	By:
	/s/ Joseph P. O'Donnell

	Name:
	Joseph P. O'Donnell

	Title:
	Vice President

[Signature Page to Fourth Supplemental Indenture]

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